Magellan Agrees to Buy Barrenjoey, Traders Brace for War Impact
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Good morning and welcome back. In breaking news, Magellan has agreed to buy Barrenjoey Capital Partners in a deal that valued the upstart Australian investment bank at about A$1.62 billion. As part of the deal, Magellan will buy about 10% in Barrenjoey from Barclays.
But overshadowing all other news this morning, is the US-Israel conflict with Iran. America said it suffered its first casualties in the war, with three service members killed and five seriously wounded.
President Donald Trump said in a social media post that Iran’s supreme leader, Ayatollah Ali Khamenei, had been killed on the first day of strikes. Tehran confirmed Khamenei’s death hours later.