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ASX up, Medibank shutdown and 4 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 rise this morning and Medibank is working to further protect its systems. (Source: Getty)

ASX: The local share market is expected to open higher this morning after US markets rose overnight.

Energy deal: The nation's energy ministers have agreed to set up a scheme to boost investment in renewables and make the power system more reliable.

Meanwhile, The Federal Government's plan to cap coal prices to help reduce energy bills will be at the top of the agenda when state, territory and federal governments meet today.

Prime Minister Anthony Albanese will meet virtually with the premiers and chief ministers for national cabinet, where they will discuss how to ease pressures on households struggling with soaring energy costs.

Fast charging: Hundreds more electric vehicles will be able to power up in less than 15 minutes as part of an $80 million boost to Australia's car-charging network.

The investment will see as many as 180 rapid-charging stations built over the next 24 months, with each able to recharge eight vehicles.

Shut down: Medibank will go offline to complete an overhaul of its cybersecurity systems following the massive hack of its sensitive customer data.

The nation's biggest health insurer will shut down its IT network, retail stores and customer call centre from 8.30pm on Friday until Sunday to "further strengthen systems and enhance security protections".

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Caddick auction: Fraudster Melissa Caddick's extensive array of jewellery has sold at auction in Sydney for more than $800,000, with some items attracting as much as three times their estimated value.

Buyers overwhelmed Smith & Singer auction house for a chance to bid on the 53-piece collection once owned by the con artist, as well as a selection of designer clothes and accessories.

Huffs and puffs: Could just running for the bus each day be an effective way to reduce the risk of premature death?

A new study by the University of Sydney suggests one-minute bursts of huffing and puffing throughout the day could be as beneficial as playing a sport or going to the gym.

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