That’s a wrap for Need to Know this Sunday, May 4. Here’s a recap of all the biggest news that broke throughout the day after election night:

Barnaby Joyce reveals prostate cancer diagnosis Nationals MP Barnaby Joyce has disclosed he is battling prostate cancer and will undergo surgery next week, having secured re-election in the New England seat.

NSW Liberals distance themselves from federal branch The NSW Liberals are running a mile from the federal party after the disastrous election result. Mark Speakman, leader of the opposition, urged for the federal party to shift to the “sensible centre”.

Daniel rescinds victory call with Goldstein result still days away Teal MP Zoe Daniel has walked back her decision last night to claim victory of the race for the well-heeled Melbourne electorate of Goldstein, issuing a statement that the electorate’s outcome is still days away as more votes come through.

Productivity will be Labor’s key economic focus this term: Chalmers Treasurer Jim Chalmers says the government’s focus will be firmly on improving productivity this term, saying he has already had a briefing from Treasury secretary Steven Kennedy at 6.45 this morning on the Australian economy and global markets.

Ex-Deloitte consultant heads to Canberra in slim pickings for Libs in SA Tom Venning, a 31-year-old former Deloitte consultant who also worked for National Australia Bank in his corporate career, has won the vast seat of Grey in South Australia in his first foray into politics.

Teal Chaney welcomes Labor, says it’s a chance for bold reform West Australian teal independent MP Kate Chaney is optimistic the teal crossbench can still exert influence over the Albanese government’s policy direction despite Labor winning a clear majority.

Jacinta Allan claims vindication Victoria’s Labor Premier Jacinta Allan says last night’s resounding election victory was because of the Victorian government, not despite it. She says it is another endorsement of her government’s controversial Suburban Rail Loop.