Your afternoon Briefing: ASX surges to record high

Your 2-minute digest of the day’s top stories.

Hello readers, the ASX surged past its 2007 record during the session before closing at an all-time high. And in his first interview since stepping aside, Bill Shorten has reflected on his defeat but admits he’s still got “the fire for politics’’.

 

ASX surges to record high

The ASX surged past its 2007 record during the session before closing at an all-time closing high.

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Shorten breaks silence on loss

Bill Shorten says Labor’s surprise election loss was “very disappointing for the nation”, but has vowed to remain in parliament and suggested it’s time for the party to move on, and challenge the government.

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CAIRNS, AUSTRALIA - JULY 4: An exhausted Shayna Jack during the Australian Dolphins team training camp at Tobruk Memorial Pool on July 4, 2019 in Cairns, Australia. (Photo by Delly Carr/Getty Images)

Shayna Jack faces four-year-ban

Swimmer Shayna Jack has been told she faces a four-year suspension for testing positive to the banned substance Ligandrol unless she can prove her innocence.

The Australian Sports Anti-Doping Authority has reportedly informed Jack, 20, that she will be subject to the standard sanction for drugs that are classified as anabolic agents.

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‘Cold’ relationship with daughter

Katharine Howard-Olsen and her daughter had “many fallings-out” over money, court hears. A friend of the Olsens, Nicole McKay, was giving evidence on day two of an ugly court battle between Mr Olsen and his stepdaughter, Karen Mentink, who he is suing, claiming she pressured her mother to sign over $3.3 million from the couple’s estate just two months before her death.

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‘Thrown under the bus’

One of Nicola Gobbo’s police handlers says an ill-informed report into the Lawyer X scandal authored by Victoria’s former top cop Neil Comrie “infected” damning judgments reached by the Supreme Court and High Court about the affair.