That’s a wrap. Thanks for following The Australian Financial Review’s news coverage this Friday, July 4, 2025. We will have more on Sunday.

Here are some of the stories we covered today:

• PM hoses down changes to the GST, holds firm on $3m super tax | Anthony Albanese has talked down the likelihood of his government making adjustments to GST, even if the upcoming productivity roundtable recommends them.

• Trump wants White House UFC fight for 250th anniversary | The US president has considered hosting a UFC match on the White House grounds, with upwards of 20,000 spectators, to celebrate 250 years of American independence.

• Random checks for childcare fraud to be legislated | Education Minister Jason Clare says the proposed new powers would make it easier for investigators to conduct spot checks and make unannounced visits at childcare centres.

• Trump says US has given Ukraine too many weapons | The president complained that the United States provided excessive support under the previous administration.

• Hamas seeks ceasefire guarantees as dozens more killed in Gaza | The militant group is seeking guarantees that a new US-backed truce proposal would lead to the war’s end, a source said.