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ASX flat, big tech on notice and 4 other things to start your day

A composite image of the asx board showing company price changes and a smart phone home screen showing social media apps.
The ASX is expected to fall slightly this morning. (Source: Getty)

ASX: The local share market is expected to open relatively flat this morning, but there is a chance it may fall, after US stocks slipped overnight.

In the spotlight: Twitter, TikTok, Discord, Twitch and Google will be forced to answer questions about how they tackle child sexual abuse and blackmail attempts on their platforms after the Australian eSafety commissioner issued legal notices to the companies.

The tech giants will have 35 days to respond to the commissioner's questions or risk fines of up to $687,000 a day.

Super changes: Treasurer Jim Chalmers has kicked off a national discussion about the sustainability of superannuation tax breaks.


Chalmers said the government's main priority for tax reform was still a focus on multinationals paying taxes, and said super changes would "not necessarily" feature in the May budget.

Education equality: Education Minister Jason Clare wants to boost the number of people from disadvantaged backgrounds attending university.

In a speech to the Universities Australia gala dinner, Clare said the reforms aimed to lift the proportion of students from underrepresented groups in tertiary institutions.

Pacific push: Australia will fund healthcare programs across the Indo-Pacific under a $620 million boost to help build systems back up and support regional security.

Foreign Minister Penny Wong is expected to announce in Fiji today a new five-year commitment for healthcare programs in countries in the Pacific and Southeast Asia.

This comes after Wong declared Australia shared the vision held by Fiji for a stronger relationship between the two nations.

Wong announced $10 million in additional funding to help rebuild schools and critical infrastructure that were destroyed by a tropical cyclone two years ago.

Cost of living: Millions of Aussies are skipping meals or eating low-quality food as cost-of-living pressures drive more people into food insecurity.

A group of 18 academics have formed the Australian Household Food Security Data Coalition and have renewed calls for the government to collect more data to help tackle the issue.

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