That’s a wrap. Thanks for following The Australian Financial Review’s live coverage this Thursday, May 1, 2025. We will have more for you in our next coverage.

Here are some of the stories we covered today:

• Taylor says Coalition will deliver biggest improvement in budget position in 15 years | The shadow treasurer says the federal budget deficit will worsen in the next two years before improving significantly in the second half of the four-year forward estimates by nearly $14 billion.
• Liberals more right-wing under Dutton, PM says | Anthony Albanese was asked what he thinks of the Liberal Party potentially getting advice from Donald Trump’s 2024 campaign co-manager, Chris LaCivita.
• Trump campaign manager advised Liberal Party: reports | One of the US president’s top campaign advisers advised the Liberals in the early days of the Australian election campaign, according to an environmental advocacy group.
• Labor to win clear majority, Coalition in trouble: poll | The Liberal-Nationals side will suffer its worst election result in 80 years if YouGov’s final poll before voting day comes true.
• PM promises to look into Palmer election texts | Anthony Albanese said that he has not received any text messages from the Trump of Patriots chairman but has pledged to investigate if he is re-elected.