☕️ Elon Musk, the movie

Good morning.

Who will play Elon Musk in film? Just one of the questions being asked after Puck broke the news on Friday that there are plans for a biopic on the Tesla and Twitter entrepreneur.

And the director behind films such as The Whale, Black Swan and Requiem for a Dream is reportedly on board to direct, suggesting it could be a rather intense adaptation of the recent biography of Musk if it does go ahead.

🏆 LOI Subscriber #TBD

Market movers

You don’t often see a billion dollar company on the ASX suffer a single day fall of 20%. But we did on Friday when health and employment services provider APM issued a downbeat trading update at its AGM. The company is one of the businesses out there actually hurt by record low levels unemployment, which is reducing demand for its programs. Because of this, it expects earnings in the current half to decline relative to the same period last year.

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The quick sync

• Four of the country’s biggest ports owned by DP World have been crippled by a cyberattack (Bloomberg)

• Perpetual Investments is launching a new activist investment strategy (AFR)

• Why storied Japanese gaming giant Nintendo wants to be more like Disney. (Capital Brief)

• Canva’s chief evangelist Guy Kawasaki and his surfing obsession. (The Information)

• Get set for the Media-AI content wars (Capital Brief)

• EY's Cherelle Murphy on supply side shocks and the 'Taylor Swift of economics' (Capital Brief)

Trading floor

M&A

• OpenInvest is expediting its search for a buyer and capital infusion to propel scale and profitability. (AFR)

• Mercury Capital, led by Clark Perkins, sets sights on KKR-backed Findex Group as Macquarie Capital advises on potential transaction. (AFR)

• Brookfield and EIG’s game plan for their Origin Energy takeover is expected to unfold after the shareholder vote. (The Australian)

  • Shareholders are warned of a heavy price on Origin Energy shares if the Brookfield/EIG bid is rejected. (SMH)

  • The fee bonanza behind the Origin deal. (AFR)

• Ainsworth Game Technology considers life outside the ASX (AFR)

• Executives from Allkem and Livent express confidence in the $US10bn merger despite concerns over lithium price volatility. (AFR)

• Ramsay Health Care is set to sell its Malaysian venture to a TPG Capital-led consortium for $1.3bn. (The Australian)

• Seven West Media has entered the Southern Cross Media battle by acquiring a 19.9% stake from ARN Media. (The Australian)

• The sale process for Journey Beyond is paused as suitors fail to meet expectations, the private equity owner decides. (The Australian)

• The second round of bidding has commenced for the Linx Cargo Care business as Pacific National expresses interest. (The Australian)

CAPITAL MARKETS

• A deep dive into UBS' plan to rid itself of Credit Suisse's Australian debt (Capital Brief)

VC

• Swysh celebrates a milestone with $1m in charitable pledges three years into its journey. (Capital Brief)

• Jack Dorsey's company, Block, invests $3m in a fund supporting Indigenous Australian entrepreneurs. (SMH)

People moves

• None

The watercooler