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The Pharmaceutical Benefits Scheme (PBS) is a government program that helps Australians access essential medications at an affordable price by negotiating set prices with pharmaceutical companies and subsidizing the cost of expensive medications. Both major political parties have recently announced plans to further reduce the cost of PBS-listed medications, making them even more accessible to Australians.

South Australian MP Troy Stephen Bell, found guilty of stealing over $430,000 from educational organizations, awaits sentencing while appealing the verdict. Bell's defense argues for a delayed sentence due to potential by-election costs and his continued service to constituents, while the prosecution emphasizes the seriousness of the offenses and the need for deterrence.

WA Liberal leader Libby Mettam has announced she will not seek re-election, paving the way for incoming Churchlands MLA Basil Zempilas to contest the leadership. Zempilas, a former Perth Lord Mayor, has confirmed his intention to run for the position, emphasizing the need for a strong and united party to challenge the Labor government in 2029.

An inquiry by the ACCC found that Coles and Woolworths have increased their earnings margins significantly, raising concerns about competition and consumer confusion in the Australian supermarket sector. The ACCC recommends making pricing data public, scrutinizing discounting claims, and reviewing the supermarkets' loyalty programs to address these concerns.

The Australian budget will be delivered against a backdrop of significant global uncertainty, with the treasurer highlighting the challenges posed by the Trump administration's policies and the ongoing trade war. The government is facing pressure to address the growing budget deficit, but both major parties are prioritizing safety and predictability over bold reform.