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The Australian Business Review
 

Good morning,

Chemist Warehouse could account for at least four billionaires, and up to six individuals with stakes potentially worth more than $900m, new documents show.

Meanwhile, Westpac’s new chief executive, Anthony Miller, has prioritised a major technology push in a bid to simplify the bank’s business and has called for a national effort to help more Australians buy their own homes.

And from his vantage point on the Trump resort patio in Palm Beach this weekend, the editor of The Australian's The Richest 250 magazine, John Stensholt, saw an incoming president feted by some of the biggest names in the US and the world, including Elon Musk and Apple boss Tim Cook. 

Perry Williams
Business editor
The markets


Making news this morning
1
Artificial intelligence helps software adapt to customers
American tech entrepreneur Spenser Skates has a stirring vision for the future of artificial intelligence.
2
Zealotry has no role in ‘rational transition to a net-zero ­future’
Gas industry veteran Richard Cottee believes natural gas has a vital role to play in any ‘rational’ transition towards a net-zero ­future, warning against zealotry in the ­nuclear debate.
3
For me to know, and you don’t need to: Chaney coy on early Christmas gift to himself
Wesfarmers chair Michael Chaney’s Christmas just got a bit merrier after he cashed in $2.8m in shares but he’s not sharing how he plans to spend it.
Editor's picks
EXCLUSIVE
Aussie start-up’s landmine tech to save ‘tens of thousands of lives’
MRead has harnessed technology used in MRI machines to accurately detect landmine explosives, working with Halo Trust in Angola, where Princess Diana famously visited in 1997.
By JARED LYNCH
COMPETING BIDS
Push on to clear prestige inventory before summer break
The nation’s top real estate agents will be working to seal deals on prestige listings in capital cities ahead of the usual long summer break.
By JONATHAN CHANCELLOR
EXCLUSIVE
GPT funds hit the retail expansion trail
The listed group is shaking up its flagship office and retail funds that control about $14bn worth of the country’s best towers and malls.
By BEN WILMOT
Commentary
Inside new Westpac CEO’s plan to rebuild the bank
By ERIC JOHNSTON
Associate Editor
Taking the reins of Westpac on Monday, one of Anthony Miller’s first tasks will be to visit call centre staff – who are the eyes and ears of the banking giant and hear exactly how ...
Jury’s out on benefits of super funds’ internal management
By JOYCE MOULLAKIS
Senior Banking Reporter
Is the huge drive by many of the nation’s industry superannuation funds to bring investment management of shares and other assets in-house working for members?
DataRoom
Rival hospital operators circle Healthscope
Brookfield may soon move to further distance itself from Healthscope, although sources close to the private equity owner are playing down the prospect of voluntary administration.
Amcor likely to seal deal for plastic container maker
Amcor’s $13bn acquisition of Berry Global Group appears likely to gain majority approval from the target’s shareholders.
Bain’s Insignia move ‘a trigger for bidding war’
Bain Capital’s $2.7bn offer for Insignia Financial could begin a bidding war for the wealth manager and Kohlberg Kravis Roberts may be an interested party.

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