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Good morning!
We’re on a mission this morning: We want to gather the largest national survey of how young Australians are feeling about this year’s budget.
Fill out this quick survey here to tell us your thoughts. We’ll be presenting the findings when I sit down with Treasurer Jim Chalmers next week.
Oh, and if you have a question suggestion, let me know by hitting reply to this email!
I’ve got 10 seconds
The quote: “Let's just say that with the Iran war and everything else, the Trump brand was increasingly toxic in Australia.” Altus Property Group chief executive and founder David Young speaking to the ABC, after the company abandoned plans for a $1.5 billion Trump Tower on the Gold Coast, saying the project had become too difficult to market locally.
The stat: 6.2%. The fall in the number of new home loans in the March quarter, according to new data from the Australian Bureau of Statistics. Lending dropped across all borrower types after cash rate rises in February and March, although total new loans remain higher than a year ago.
The big question:
Which platform do you get most of your news from?
Yesterday’s results: 56% of you said you don’t believe the Budget will make young Aussies' lives better. 23% of you said you were “unsure” if it will. Thanks for voting - your responses inform TDA's journalism and research. [2,585 votes].
I’ve got 30 seconds
Some headlines from this morning:
The Opposition has criticised the Federal Budget handed down by the Government on Tuesday night, accusing the Prime Minister of breaking promises and lying to Australians. In the Budget, the Government changed the rules around negative gearing and the capital gains tax discount, arguing the current system disproportionately benefits the wealthiest investors. Opposition Leader Angus Taylor said to ABC Radio on Wednesday: “We think there's much better places to save rather than hitting Australians with higher taxes. The Budget papers show that the changes around negative gearing, capital gains and the trusts will dampen investment.” The Opposition will deliver its official response to the Budget tonight.
British Prime Minister Keir Starmer is facing increased pressure to step down after his party, the UK Labour Party, saw major losses in elections last week. Four members of his own government have now quit, and more than 80 MPs have asked him to resign. At a Cabinet meeting on Tuesday, the Labour leader vowed to continue to fight for his role and was publicly backed by several ministers, including his deputy David Lammy, who urged colleagues to "step back and take a breath". Starmer has also faced criticism this year over his appointment of former UK ambassador to the U.S. Peter Mandelson, who was friends with Jeffrey Epstein.
Together with AAP.
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I’ve got 1 minute
One of Australia’s largest mining companies has been ordered to pay a record compensation payout to a First Nations community after mining on their land without permission.
The Federal Court ruled in favour of the Yindjibarndi people in Western Australia’s Pilbara region, who brought a native title claim against Andrew Forrest’s company, Fortescue.
The mining giant is expected to pay at least $150 million for cultural loss, marking the largest native title compensation payout in Australian history.
Lawsuit
The Yindjibarndi people are Traditional Owners in Western Australia’s Pilbara region who filed a native title claim in 2003.
Native title formally recognises First Nations peoples’ rights and interests to land and waters according to traditional laws and customs.
In 2017, the Yindjibarndi people won exclusive native title rights over a 2,700-square-kilometre area of the Pilbara, including land where Fortescue’s Solomon Hub mine operates.
Fortescue unsuccessfully tried to appeal the native title ruling and was unable to take the case to the High Court.
In 2022, they filed a compensation claim seeking more than $1.8 billion for cultural and economic loss.
This week, the Federal Court of Australia ruled in their favour, finding the company liable to pay compensation.
The court has not yet published its full reasoning, which will be released at a later date.
Responses
Fortescue said it expects the court-ordered payout to total about $150 million for cultural loss, plus a further $100,000 plus interest for economic loss.
In a statement, a spokesperson said it “accepts that the Yindjibarndi people are entitled to compensation” and has agreed to comply with the order.
Reporting by Achol Arok.
Quick hits
🎧 On today’s TDA podcast, Sam and Zara explain what we learned from the Royal Commission.
🎟️ Why are U.S. artists cancelling their tours? Read TDA Culture at 5pm today to learn more.
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I’ve got 2 minutes
One of the world’s most common women’s health conditions is getting a new name after decades of research.
Polycystic Ovary Syndrome (PCOS) is a complex hormonal disorder that can affect the reproductive system, metabolism, mental health, and skin.
It will now be known as Polyendocrine Metabolic Ovarian Syndrome (PMOS).
The change has been led by Australian researchers at Monash University, who argue the previous name no longer reflects the full scope of the disorder or how it affects the body.
PCOS
PCOS is a hormonal condition that occurs when the body produces higher levels of androgens – hormones often associated with male development – or experiences other hormonal imbalances.
It can cause a range of symptoms, including irregular menstrual cycles, acne, excess facial or body hair, thinning hair on the scalp, weight gain, and fertility issues. Some women with PCOS also develop small fluid-filled sacs on their ovaries.
The condition affects around 1 in 8 women globally – about 170 million people worldwide.
Name change
The move to rename PCOS follows 14 years of research involving global experts and more than 22,000 people with lived experience.
Researchers said the longstanding focus on “ovarian cysts” has been misleading, with evidence showing the condition is not defined by abnormal ovarian cysts.
The condition will instead be known as Polyendocrine Metabolic Ovarian Syndrome (PMOS), a name researchers said better reflects its metabolic, reproductive, fertility, and broader wellbeing impacts.
Professor Helena Teede, an endocrinologist and Director of Monash University’s Centre for Health Research and Implementation, led the research behind the proposed renaming.
She said the “landmark moment” would have impacts for millions of women who have been dismissed or misdiagnosed due to decades of misconceptions about the condition.
“It's not an ovarian condition primarily. It's a hormone condition... we've demonstrated that there's a delay in diagnosis, there's a lack of awareness, there's frustration... we need to start again, around the new chapter, around recognising what this condition really is,” she said.
Impact
Nadia Rutcher first began experiencing symptoms of PCOS at the age of nine.
She said what followed were years of seeing different doctors, being placed on multiple medications, and repeatedly feeling dismissed by her GP.
“ I had a lot of acne, and I was self-conscious of how I looked all the time... I had also gone to the GP 'cause I had a lot of excessive hair shedding. I grew up thinking I was ugly,” she said.
“As a child, I didn't know what was going on. It took a very long time and a lot of GP hopping to finally get an answer,” she added.
The 23-year-old said she hopes the name change will reduce stigma, and lead to faster, and more accurate diagnosis and treatment.
“For so long, you just get hand-waved away. You just get dismissed. I feel validated. I feel seen. I feel like all I want is for people to just take it more seriously,” she said.
A three-year transition period will be rolled out for clinicians, researchers, and governments before the new name is fully adopted in 2028.
Reporting by Achol Arok.
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Give me some good news
An actor who plays a football-obsessed player in Ted Lasso, a dramatised TV series about an English team, has become a professional player in real life.
In the show, Cristo Fernández plays Dani Rojas, a relentlessly cheerful Mexican striker whose catchphrase is "football is life." This week, Fernández signed a professional soccer contract with American second-tier club El Paso Locomotive FC. Fernández grew up in the youth system at Mexican club Tecos FC before a knee injury at 15 forced him away from the sport and into acting. He earned the deal after a two-month trial and is listed as a forward.
Reporting by George Finlayson.
TDA titbit
Have you ever been shushed by a world leader? Well, the audience at the Africa Forward summit in Nairobi can now tick that off the list.
French President Emmanuel Macron paused a youth session to call out what he described as a “total lack of respect”, telling people chatting on the side to either quiet down or take the conversation outside.
He added: “It’s impossible to speak about culture, to have people like that super inspired, coming here, making a speech with such noise.”
Macron is in Kenya as France looks to strengthen ties across Africa.
Reporting by Pavitra Ravi.
TDA asks
