Goldman Sachs’ wealth management clients had their names, tax IDs and financial info exposed in a hack of EY earlier this year. Goldman insists its own systems and client assets are safe, but it’s independently checking EY’s remediation efforts. Suboptimal for a Big Four firm that pitches itself as an expert adviser on cyber security… Financial Times, Bloomberg

⚖️ Climate: In a judgment handed down yesterday, the High Court ruled 3-2 that NSW planning authorities must consider the emissions from burning exported fossil fuels overseas, known as scope 3 emissions, when approving projects. NSW’s Independent Planning Commission approved the expansion of MACH Energy’s Mount Pleasant coal mine in 2022. A local residents’ group successfully challenged that approval in the NSW Court of Appeal, and MACH appealed. MACH argued scope 3 emissions should be dealt with globally under the Paris Agreement. The majority disagreed, finding the commission had to consider conditions to minimise those emissions. Still, the ruling is narrow — the duty comes from a 2021 NSW planning policy, and conditions only need to be considered, not imposed: High Court, ABC, AFR

⚖️ Corporate/Disputes: Falling out with your co-shareholders isn’t enough for oppression, and two recent decisions confirm that. In Boston v Ellena, a sister sought an urgent injunction to stop her two co-director sisters engaging an agent to advertise the family group’s WA properties for sale. The court refused, finding it was a management call reasonable directors could disagree on. The sisters had also undertaken not to accept any offer without a directors’ meeting. In Hagakure v Cassisi, a co-owner of a 50/50 software company was locked out of the code repository after a dispute over launch timing. The court held that wasn’t oppressive either, because he’d escalated things himself. He had refused to pay his co-owner’s invoice for developing the software, then sent a lawyer’s letter described as a “declaration of hostilities”: Mallesons

⚖️ Regulatory: ASIC is suing former financial adviser Osama Saad, its latest case linked to the collapsed Shield and First Guardian funds. Conflicted remuneration laws ban payments and other benefits that could influence the advice an adviser gives or the products they recommend. ASIC alleges Saad carried out schemes to get around those laws, with his companies paid around $34m by entities connected to the two funds. Some of that money allegedly funded marketing businesses that funnelled thousands of clients to advisers recommending the funds. Saad also allegedly advised 217 clients to move over $25m of super into First Guardian, breaching his best interests duty. It’s ASIC’s 17th case over the collapses: ASIC

Christa Pike was given two lethal doses of pentobarbital in Tennessee, was thought to be brain dead, then woke up in hospital asking, “Where am I?” She's the first person in the US to survive a lethal injection. A judge has ordered the state to preserve all evidence, and the prison chief has resigned. Whether the state can try again once she recovers is anyone's guess: ABC News

Want to work in the US after graduating? That'll be US$70k. Homeland Security wants to charge international students to join Optional Practical Training, which lets them work for up to two years in their field. DHS reckons the program has become “a pipeline for cheap foreign labour”: AFR

📉 Market darling Firmus has lost its shine. Its US$5.5bn IPO could be pulled after investors grew sceptical of its lofty forecasts, with bankers scrambling to save the float at $8.25 a share, down from $11. Expected demand from US funds never showed up: AFR

🧠 Heidi Health is set to receive discounted computing power from Innovation Victoria in exchange for an equity stake, in what’s believed to be an Australian first. The deal is part of a startup program developed by Innovation Victoria, data centre builder ResetData and Nvidia: Capital Brief

⛏️ Gold Fields will need more cash, not shares, to land Northern Star, says former Northern Star boss Raleigh Finlayson. Northern Star rejected Gold Fields’ $38.7bn cash-and-scrip bid last week. Finlayson, now exec chairman of Genesis Minerals, says Aussie investors won’t want stock in a mostly African miner: AFR

⛏️ Gold Fields is snapping up BHP’s Kambalda nickel concentrator in WA, plus land, tenements and mineral rights, for an undisclosed sum. The mill’s been shut since mid-2024, when BHP shuttered Nickel West. Gold Fields has been buying up gold infrastructure in the area while weighing a second tilt at Northern Star: Bloomberg

Australia’s big banks want to team up to run shared banking hubs in up to 10 regional towns with no branch. The Australian Banking Association has asked the ACCC to approve the plan, which would put hubs in post offices, council offices and libraries. The banks hope it’ll stop Canberra from hitting them with a regional banking levy: AFR

🤖 Coles is in early talks with UK logistics group Ocado about trialling robots that pick and pack online orders inside a Melbourne supermarket. It’d turn part of the store into a mini-warehouse, cutting costs and speeding up delivery as Coles chases Woolies’ bigger online business and Amazon’s same-day service: AFR

Atlassian boss Mike Cannon-Brookes reckons customers will soon warm to cheaper Chinese AI models like DeepSeek and Kimi, despite national security concerns. Atlassian doesn’t use them for customers yet, which he puts down to customer preference rather than the tech: AFR