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ASX down, Medibank ransom revealed and 6 other things to start your day

A composite image of the ASX board showing prices down and the Medibank logo.
The ASX is expected to fall this morning and the Medibank hackers continue releasing stolen data. (Source: Getty)

ASX: The local share market is expected to fall this morning after US stocks plummeted overnight.

Energy prices: Volatile energy prices are just one of the things the Reserve Bank is watching closely as it navigates a soft landing for the economy.

Deputy governor Michele Bullock said the situation in Europe remained uncertain.

Bill shock: Speaking of energy prices, the Greens have a plan to cut down your electricity bills by $776 over two years.

The plan revolves around capping energy prices by slapping a profits tax on coal and gas companies.

Medibank hack: The hackers allegedly behind the theft of Medibank data have revealed they demanded a ransom of US$1 per customer from the health insurer - so, $15 million (US$9.7 million).

In a chilling message posted on the dark web overnight, the group also claimed it had released sensitive details of customers' medical procedures.

Underpaid: Major building and construction firms will face tougher scrutiny around wages, with the Fair Work Ombudsman keeping an eye on the sector.

A government committee was told the construction commission had recovered just over $900,000 in underpaid wages, but the ombudsman recovered around $532 million from a wider range of industries.

Burn out: Two thirds of public school teachers in NSW are feeling burnt out, a government-commissioned survey has found.

The survey found less than one-third of teachers said they could keep their work stress at an acceptable level, while less than 20 per cent believed they were fairly paid.

Lay-offs: Meta - the parent company of Facebook, Instagram and WhatsApp - said it would let go 13 per cent of its workforce, equivalent to more than 11,000 employees.

The job cuts come as Meta battles soaring costs and a weak advertising market.

Take that! Octopuses are hurling silt, shells, and algae at each other, but scientists don’t yet know whether they are trying to brawl or just attempting to maintain some personal space.

Underwater cameras set up in Jervis Bay off NSW's south coast filmed about 10 common Sydney octopuses for more than 20 hours, and at least half of them launched "throws".

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