☕️Comyn Get’em

Good morning.

Commonwealth Bank chief Matt Comyn is fed up with senior execs being seduced by big four rivals, divulging that Westpac has lured CBA's chief data analytics officer, Andrew McMullan, with a more senior gig. “Andrew’s been offered a promotion and an opportunity that was available to him there and I wish him well — personally, maybe not professionally,” Comyn said.

Comyn lamented the fact that his senior executives are constantly being approached: “I’m probably the only one in my executive team the other banks haven’t approached,” he told Capital Brief’s Andrew Cornell.

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Market movers

Boss Energy shares jumped over 12% on Friday, following reports Donald Trump will sign executive orders to boost US nuclear energy.

The quick sync

• DLA Piper predicts more M&A deals in Australia as policy certainty and energy transition drive global investor interest. (Capital Brief)

• RBA governor Michele Bullock’s China visit will coincide with fresh inflation data, offering investors insights into Australia’s economic direction. (Capital Brief)

• Trump’s ‘big beautiful’ tax bill threatens to slash returns for Australians' superannuation funds invested in the US. (Capital Brief)

• Michele Bullock warns of a global economic rollercoaster with massive volatility and shifting trade tensions shaking confidence. (Capital Brief)

Trading floor

M&A

• Healthscope nears receivership as lenders reject restructure plan. (Capital Brief)

• Austal has appointed Jefferies as its new defence adviser as it braces for renewed takeover interest, particularly from South Korea’s Hanwha Group. (AFR)

• Northern Star is considered the most likely buyer for Bellevue Gold as Evolution Mining, Regis Resources, and offshore groups also review the deal. (The Australian)

• WiseTech secures $4.7b to acquire US firm e2open in biggest deal yet. (AFR)

• A2 Milk plans $350m+ deal to expand China manufacturing. (The Australian)

• Nufarm’s slump fuels talks of full takeover amid Seed unit review and debt concerns. (The Australian)

• DLA Piper sees dealmakers circling Australian assets, spurred by stable government and energy transition. (Capital Brief)

Capital Markets

• Softbank’s Masayoshi Son eyes $300b US-Japan fund for tech, infrastructure. (Capital Brief) (FT)

• Horizon Minerals raises $30m to boost Kalgoorlie stockpile. (AFR)

• Stokes family’s SGH eyes Whyalla steel mill after government seizure. (AFR)

VC

• None

People moves

• Affinity hires CPE’s Fred Macdonald in Sydney ahead of new fundraising. (AFR)

• Veteran dealmaker Brett Paton exits Escala, focuses on PointsBet and son’s fund. (AFR)

The watercooler