Australia news live: Chalmers clears way for Korean firm to up its stake in defence shipbuilder; weight-loss drugs being considered for inclusion on PBS

The ASX-listed Austal had previously rejected a takeover bid from Hanwha. Follow updatesReddit launches high court challenge to Australia’s under-16s social media banGet our breaking news email, free app or daily news podcastOfficials investigating after Victoria police memorial vandalised overnightVictoria police are investigating the vandalism of the Victoria Police Memorial in Melbourne this morning.If you don’t need to be on the roads during heavy rainfall, we ask the community to delay their travel until the storm passes.If you do come across flash flooding, the best thing to do is turn around and find another way – it’s not worth putting your life or your loved ones at risk. It doesn’t take much for vehicles to become stuck in water or washed away as you don’t know what damage has been done to the road surfaces. Continue reading...