Mortgage slump hits banks; Ozempic for PBS; climate change opens new shipping routes

Tuesday 11 August 2026 Westpac warns of a slump in home loan applications on the back of tax changes, sending bank share prices and the ASX lower.  Prime Minister Anthony Albanese and Opposition Leader Angus Taylor try to negotiate a deal on gambling advertising Treasury Wine Estates writes down its US business, again Weight loss drug Ozempic set to join the pharmaceutical benefits scheme How the war in the Middle East and climate change are combining to create new, faster shipping routes around the globe   Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here.    And don’t miss the latest episode of How Do They Afford That?, answering a listener question: what happens when the market hits my goal before I do? Get the episode from Apple, Spotify or anywhere you listen to podcasts.Find out more: https://fearandgreed.com.au/See omnystudio.com/listener for privacy information.