That’s a wrap. Thanks for following the AFR’s live coverage this Thursday, May 29, 2025. We will have more live coverage tomorrow.

Here are some of the stories we covered today:

• Szubanski diagnosed with ‘nasty’ cancer: Beloved Australian comedian Magda Szubanski has been diagnosed with a “rare and fast-moving” blood cancer.

• Two votes separate Bradfield candidates amid recount: The electorate of Bradfield in Sydney’s north is separated by two votes as a recount of the seat continues.

• Musk leaving Trump administration after ‘big beautiful bill’ criticism: Elon Musk is leaving his government role as a top adviser to President Donald Trump after spearheading efforts to reduce and overhaul the federal bureaucracy.

• US court blocks Trump’s ‘liberation day’ tariffs: A US federal court on Wednesday blocked President Donald Trump’s “liberation day” tariffs from going into effect, ruling that the president overstepped his authority by imposing across-the-board taxes on imports from nations that sell more to the United States than they buy.

• US will start revoking visas for Chinese students: US Secretary of State Marco Rubio said on Wednesday the United States will start revoking visas of Chinese students, including those with connections to the Chinese Communist Party or studying in critical fields.

• Super tax breaches principles of tax: Newly appointed shadow finance minister James Paterson says the principle of tax is being breached with Labor’s proposed tax on superannuation balances above $3 million.

• McCormack claims Nationals not told of policies in Coalition agreement: Former deputy prime minister Michael McCormack says Nationals Leader David Littleproud did not tell the party room about policies that formed part of the Coalition agreement.