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ASX to rise, Medicare overhaul and more than $3 million returned to older Aussies

ASX sign in a window in the street, Elon Musk in conversation
ASX up and Elon Musk under scrutiny today

ASX: The ASX is set to open a little higher after a quiet start yesterday in a shortened trading week, and investors remained cautious ahead of key local and overseas economic data.

Wall Street: US stock indexes are on the rise. Investors are eyeing results from Microsoft Corp, Tesla Inc, IBM and Intel this week to see how their businesses are coping with the threat of an economic slowdown triggered by the Federal Reserve's aggressive policy tightening.

Elder abuse: Seniors are being urged to seek free legal advice after more than $3 million was recovered for victims of elder abuse in Victoria and NSW.

Legal Aid NSW said elder abuse came in many forms but was most commonly in a "granny flat" arrangement where the older person had given a significant sum of money to a child in return for the promise of care.

Musk under scrutiny: Tesla chief executive Elon Musk will take the witness stand again as he defends himself against fraud claims he lied when he tweeted in 2018 that he had funding to take the electric car maker private.

Millions of dollars are at stake, as well as the reputation of Musk, whose personal stature is a central asset of the Tesla brand.

Medicare overhaul: Nurses, paramedics and allied health professionals will soon be included in the delivery of primary care as Medicare faces the biggest overhaul in its 40-year history.

Labor is preparing to open up Medicare to a wider range of medical professionals in a bid to save universal health care. Prime Minister Anthony Albanese said the Medicare system was struggling to keep up with demand."Too many people are turning up at emergency departments because they can't get access to a GP and to primary health care," he said on Monday.

December delays: Australian travellers endured more delays as airline arrivals and departure times slumped below average over the festive season.

Government data for domestic on-time performance in December 2022 showed arrival and departure times were significantly lower than the long-term average performance for all routes across the country.

$500 beer can: Data released on Tuesday showed the most expensive collectible beer can sold in 2022 was a highly coveted West End Stout can, going for nearly $500.

Meanwhile, a 1985 Fosters Melbourne Cup can went under the hammer for $425, eBay said. January is the most popular month for purchasing collectible beer cans, according to the online marketplace, with Carnarvon, Goulburn and Townsville home to the most cashed-up collectors.

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Smiling women and piles of Australian cash
Smiling women and piles of Australian cash