Thanks for read the Need to Know. Here’s how the day unfolded

• ANZ chief executive Shayne Elliott has admitted that he will probably face “consequences” on his pay from the reputational damage the bank has suffered following the market manipulation allegations.

• US Vice President Kamala Harris says her highest priority is to “support and strengthen the middle class”, in her first interview as the Democratic presidential nominee.

• National Australia Bank chief executive Andrew Irvine is making his first appearance before the House of Representatives economics committee, after taking the top job at the country’s largest business lender in April.

• Anthony Albanese has reversed his decision to exclude questions about LGBTQ Australians in the 2026 census, following strong internal backlash over what would have been a broken election promise.

• Swimmer Tom Gallagher has delivered Australia’s first gold medal of the 2024 Paris Paralympics to cap a remarkable comeback from a near-deadly bout of pancreatitis.