Retail Earnings: Baby Bunting (ASX:BBN) lifted FY26 pro forma NPAT 33.9% to $16.1m on record $556m sales, with gross margin up to 41.2% and online sales up 16.7% to 25.3%, helped by its “Store of the Future” refurb push. Social Media Enforcement: Digital rights groups are pushing back on Australia’s under-16 social media ban, arguing the eSafety regulator can’t properly enforce it and calling for algorithm transparency as penalties rise to $99m. Consumer Tech & Valuations: Canva cut its internal valuation by a fifth to $43.9b after an independent assessment, a sharp reminder that AI-fuelled optimism is cooling. Home Loans & Pricing Pressure: Westpac says new investor lending fell 25% after negative gearing and CGT changes, while a “mortgage war” is expected to bring more competitive rates for owner-occupiers. Insurance Cost Debate: Treasury says passing on a new prudential levy would be “modest” (borrowing +<1bp; premiums +<0.2% on average), as insurers face scrutiny over transparency. Illicit Goods Crackdown: MAST detectives arrested seven “trusted insiders” tied to smuggling $21m of vapes and other illicit tobacco, seizing 282,000 vapes plus additional controlled substances. Energy Reliability (PNG): PNG Power Limited is set a six-month target to cut losses and theft from 26% to below 10%, after blackouts and financial strain. Packaging & Supply Chains: China’s latiao “spicy strips” keep expanding overseas, with exports now reaching 160+ countries—another sign of fast-moving snack demand.