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Good morning,

Gina Rinehart’s son unloads about the bitter battles within Australia’s richest family, the ‘non-existent’ relationship with his mother and how some of her investments are ‘toilet flushes’.

Media mogul Kerry Stokes and fellow billionaire James Packer will bankroll the AI ambitions of American technology entrepreneur Daniel Nadler.

At least a dozen members of the Richest 250 control hundreds of thousands of housing lots across the country. So where are all the houses?

Having recovered from some dodgy oysters, Adrian Portelli revelled in the conditions at Sunday's Formula One Grand Prix , where some of Australia’s biggest corporate names – and Luke Sayers – pushed through the downpour.

Vesna Poljak
Business editor
The markets


Making news this morning
1
China is a manipulator of critical minerals, Linda Reynolds says
Northern Minerals’ experience trying to get Chinese-linked investors off its register gives weight to Senator Linda Reynolds’ claim the company is caught in a proxy war between Australia and China.
2
Lowy-backed fund goes shopping for Woodgrove
The famed family’s return to buying big shopping centres suggests there’s value to be unlocked, seven years after patriarch Sir Frank Lowy sold out of the international Westfield empire.
3
AOFM softens stance on ANZ
The federal government debt agency has met with ANZ bankers as it confronts refinancing a $80bn pile of Covid-19 debt, softening its stance toward the bank which was frozen out of all government bond deals.
Editor's picks
EXCLUSIVE
Stressed shoppers hunt for bargains
Woolworths says households are struggling to make ends meet as shoppers fill up with cheaper grade petrol and cut back on groceries to stretch their money.
By ELI GREENBLAT
COMPETING BIDS
Melbourne’s top weekend sale actually a loss
Grand old dame in a blue-chip suburb fails to turn its owners a profit, while Sydney notches its second-highest price this year.
By JONATHAN CHANCELLOR
Commentary
A fork in the road for governance in Australia
By JONATHAN WENIG
In theory, a 10-year cap on non-executive director tenure would help prevent entrenchment, but tenure limits run the risk of stripping boards of directors whose experience is vital...
DataRoom
EBOS chasing Real Pet Food
The $7.4bn healthcare company is believed to be weighing up a purchase of the Real Pet Food Company.
Scraps not trash for Sims as shares soar as Toyota pursues rival
After being out of favour for years, the metal recycling company may now be one of the most popular ASX stocks if an eye-watering offer for its US-based peer is anything to go by.
Sale and leaseback on the cards for InfraBuild
Sale and leaseback could be on the cards for InfraBuild, which Sanjeev Gupta considers one of the most valuable businesses in his empire.

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