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Wall Street has rocketed on US President Donald Trump's 90-day pause on tariffs for some nations, but Australia’s economy faces a material hit from the escalating US-China trade war as a mooted tariff on pharmaceuticals unsettles investors in biotech giant CSL.

Meanwhile, a cyber attack into Australia’s biggest industry superannuation funds has descended into a farce with confusion among law enforcement agencies about who is leading an investigation into the raid, technology editor Jared Lynch reports.

And the alleged vulgarity at the heart of former Tabcorp boss Adam Rytenskild’s contested exit from the bookmaker has been described in court documents as trading a sexual act for regulatory suitability. Read what the court documents revealed.