☕️Delayed (sch)Longevity

Good morning.

The architect of weight loss and wellness startup Eucalyptus’ men's longevity play Compound, Dan Cable, has left the company amid delays to its full rollout in the UK market.

Eucalyptus CEO Tim Doyle told Capital Brief Compound was still set for a full UK launch in mid-2026, but the rollout had been delayed after the startup prioritised plans to launch diagnostics and testosterone offerings through its women’s weight loss brand Juniper.

Doyle said Cable’s departure followed repeated delays to Compound’s full launch after its beta release: “We've delayed this quite a few times and so he was like, ‘I think there are better opportunities elsewhere’.”

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Market movers

Shares in Ansell fell Thursday after the protective equipment maker announced CEO Neil Salmon will retire after 13 years with the company. He will be replaced by outgoing Fiskars Group chief executive Nathalie Ahlström, who begins a transition period later this month and will be based in Brussels.

The quick sync

• One Nation matches Coalition as voters react to immigration and cost pressures. (Capital Brief)

• Airwallex and rivals now process over USD1t  a year, upending banks and drawing global regulatory focus. (Capital Brief)

• Employment Hero and Seek have settled their legal dispute over API access and avoiding trial. (Capital Brief)

• Glencore and Rio Tinto resume talks on mining megadeal. (FT)(Capital Brief)

• Hedge funds boom as investor enthusiasm for private equity falters. (FT)

Trading floor

M&A

• Monadelphous wins $110m BW Offshore contract. (Capital Brief)

• BlueScope’s blunt bid rejection escalates takeover tensions. (Capital Brief)

• Adamantem buys Solar Battery Group for $60m amid battery demand boom. (AFR)

• China probes Meta’s $2b acquisition of AI startup Manus. (Capital Brief)

• CrowdStrike buys SGNL for $740m to boost identity security. (Capital Brief)

• Trump team races to find deals for his Greenland vision. (Bloomberg)

• Paramount reaffirms USD30-a-share offer for Warner Bros Skydance. (Bloomberg)

• Trump team weighs USD100k payments to Greenlanders in plan to prise island from Denmark. (Reuters)

Capital Markets

• Ramelius maintains FY26 guidance despite a quarterly production drop. (Capital Brief)

• Employment Hero and Seek settle dispute, restore API access. (Capital Brief)

• Ex-UBS founders launch Sucasa to offer low-deposit loans for second-time buyers. (AFR)

• Eucalyptus delays men’s program and exits Compound lead Dan Cable. (Capital Brief)

• Australia’s trade balance fell $1.4b in November. (Capital Brief)

• Doctors debate taxpayer-funded subsidies for weight-loss drugs amid cost concerns. (AFR)

• Samsung’s profit surged on strong AI server demand. (Capital Brief)

• Industry warns NPP needs government support to survive. (Capital Brief)

• Defence stocks jump on Trump’s $1.5t 2027 budget call. (Capital Brief)

• Airbnb host scraps second property purchase as Brisbane plans new short-stay fees before 2032 Olympics. (AFR)

• US trade deficit narrows to 2009 low in October. (Capital Brief)

• Nvidia demands full prepayment for H200 chips amid China limits. (Capital Brief)

• Airwallex and peers reshape finance, processing $1t+ yearly. (Capital Brief)

• Asia bankers fear US scrutiny of loans Involving chips, China. (Bloomberg)

• Defence stocks soar again as Trump plans military budget boost. (Bloomberg)

• Saks’ lenders sensed doom spiral was worsening after unsettling CEO call. (Bloomberg)

• Macro Trading’s big year has a familiar winner in Louis Bacon. (Bloomberg)

• More than 1,000 companies are suing Trump over his tariffs. (Bloomberg)

• Jefferies takes USD30m hit on first brands as profit drops. (Bloomberg)

• Trump says he has made up his mind on his Fed chair pick. (NYT)

VC 

• None

People moves

• Ansell names Nathalie Ahlström to replace retiring CEO Neil Salmon. (Capital Brief)

• Top Morgan Stanley advisers Garth Hu and Cathy Ding faced an internal probe before leaving to start their own firm. (AFR)

• Optus network chief Tony Baird exits after triple-zero outage. (Capital Brief)

The watercooler