That’s a wrap for Need to Know this Monday, May 25.

Here are some of today’s top stories so far:

‘I’m exhausted’: McGowan stands down as WA Premier: Western Australian Premier Mark McGowan has announced his shock resignation, citing exhaustion after six years in the top job.

PwC sends nine partners on leave, chairman exits: The embattled firm will also “ringfence” all federal government advisory work as part of a suite of measures designed to signal it is taking decisive action.

Buildings crack, roads buckle in magnitude-3.8 Melbourne earthquake: Wide parts of the city have been hit by a tremor that shook residents awake with swaying buildings and a loud roaring sound.

1.3 million missing homes blamed on councils and NIMBYs: The homes were not built over the past 20 years chiefly due to costly zoning, planning and building red tape imposed by councils, according to new research by a former RBA economist.

Revered artist John Olsen showed ‘a different world was possible’: Artist John Olsen was an extraordinary Australian who lifted up the nation, Prime Minister Anthony Albanese told a state memorial service in Sydney.

Lendlease hits pause on PwC audit deal: The property giant has hit pause on its tender process to pick an auditor, a role PwC was previously widely expected to win.