Today, the federal government outlines lower deficits in coming years in its mid-year budget review, but does little to improve the fiscal outlook. 

• The first funerals for the victims of the Bondi beach massacre are held. 
• Penfolds owner Treasury Wine Estates admits near defeat in the US and China. 
• The competition regulator sues Hello Fresh.
• Tesla’s share price hits a new high on the back of robotaxis.

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