World governments eye Australian social media ban as they plan their own

President Donald Trump has raised concerns regarding Netflix's $83 billion acquisition of Warner Bros., indicating potential competition problems that could arise from the deal. He confirmed his intention to be involved in the government's review process of the acquisition, which has been described as unprecedented by former regulatory officials.

Australia is set to implement a nationwide ban on social media access for individuals under 16, becoming the first major democracy to do so. This legislation, effective December 10, mandates the removal of existing accounts for this age group on platforms like TikTok, Instagram, YouTube, Reddit, and Twitch, aiming to combat online bullying, self-harm content, and addictive design targeting young users.

Australia’s National Storage has achieved a record valuation following a significant acquisition by Brookfield and GIC, amounting to $2.65 billion. This deal marks a pivotal moment for the company, enhancing its market position in the self-storage sector.

Investors are closely monitoring the US Federal Reserve's anticipated interest rate cut this week, as articulated by Mark Matthews of Julius Baer. The expectation is for further cuts in January and March of the following year, with particular attention on the potential 'hawkish' stance of the Fed amid dissenting opinions within the FOMC.

Brookfield and GIC have finalized a $4.5 billion acquisition deal for National Storage, the largest self-storage provider in Australia and New Zealand, following nearly two weeks of exclusive due diligence. This agreement marks a significant step in the self-storage sector, reflecting the growing demand for such services in the region.

South Korean retail investors, who have made record purchases of $31 billion in US stocks this year, are expressing anger as they are being blamed for the depreciation of the South Korean won. This situation has led to significant frustration among these investors, who feel unfairly targeted in the ongoing currency crisis.

US President Donald Trump has raised concerns regarding potential antitrust issues related to Netflix Inc.'s planned $72 billion acquisition of Warner Bros. Discovery Inc., suggesting that the combined market share could create competitive problems.

Costco has made a political move that may not resonate well with all its members, reflecting a broader trend where companies face backlash for taking political stances. This comes amid President Donald Trump's preference for businesses aligning with his policies, which could influence consumer perceptions and loyalty.