Fed govt sues 3M for $2b; Ferrari EV launch a flop; Rinehart richest Australian

Friday 29 May 2026

The federal government launches its biggest ever legal action over the manufacture of forever chemicals. 

• The US and Israel strike in the Middle East, sending the ASX tumbling
• Ferrari launches its first ever electric vehicle, to howls of protests 
• Business investment surges on the back of data centres
• Gina Rinehart once again named Australia’s richest person

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