☕️ Trademark Tussle
Climate tech VC and family office both want the Wollemi trademark
What’s in a name, you ask?
Former Macquarie Capital chief Tim Bishop’s climate tech VC firm Wollemi Capital and Tesla Chair Robyn Denholm’s family office, Wollemi Capital Group have been at loggerheads for nearly two years over a trademark.
ASX as at market close. Commodities and crypto in USD.
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Shares in agricultural chemicals company Nufarm rallied 8% to $4.81 yesterday after posting a 3% increase in yearly profit to $111 million.
While revenue and underlying profit fell, the results were better than expected for agriculture-exposed stocks as widespread destocking due to higher interest rates and expectations of lower ingredients prices hit the industry.
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The quick sync
The price of Bitcoin has soared 30% in four weeks to around US$38,000 while Ether is up a similar percentage to around US$2,000. (Capital Brief)
Meta has challenged the EU’s decision to improve competition in which its Messenger and Marketplace products are deemed “core” services. (Financial Times)
Amazon execs met with TikTok parent ByteDance execs late last year to propose letting customers buy products in Amazon ads without leaving TikTok. (The Information)
General Motors has acquired Tooling & Equipment International, which has been used by Tesla to cast large car parts in one piece. (Reuters)
Former political advisor turned economic commentator Stephen Koukoulas now has a side hustle selling multicoloured apples from Europe. (Capital Brief)
Corrs Chambers Westgarth predicts a comeback in public real estate sector M&A activity. (AFR)
Netflix's 'Squid Game' undergoes unconventional adaptation for gambling deal. (Capital Brief)
Karoon Energy to raise $460m for Gulf of Mexico assets acquisition. (AFR)
Bigtincan updates on buyout interest, reassures with positive performance despite no binding offer. (The Australian)
Bob Ell sells Sydney logistics property to Centuria for $70.6m. (BNA)
Integrated Portfolio Solutions seeks a new owner with Berkshire Global Advisers. (AFR)
Regis Healthcare acquires CPSM Care for $74.2m to expand in Queensland. (BNA)
The auction for Queensland Airports Limited stake is set to commence in December. (AFR)
TPG Telecom's $6.3bn deal with Vocus Group collapses. (AFR)
Funeral digital memorial business Memories Group seeks $8m in equity funding. (AFR)
Federal Court extends ban on Santos' gas pipeline for Barossa project. (SMH)
ASIC warns of strong action against superannuation misconduct. (Capital Brief)
APRA consults on liquidity and capital changes for banks. (Capital Brief)
Whitehaven Coal explores diversification, takes position in Brazilian Rare Earths for clean energy transition. (Capital Brief)
GenesisCare has sold some assets from its US portfolio. (The Australian)
Fintech Upworth raises $1m in first external funding round. (Startup Daily)
Uniseed expands research partners to 10, including Monash. (Startup Daily)
LaunchVic introduces a dedicated landing page for Victorian startups. (Smart Company)
Healthtech startup Splose raises $1.5m in Series A. (Startup Daily)