Markets: New Zealand shares slid to a near two-week low, down 0.9% to 13,038.24, as strong US jobs data lifted expectations of Federal Reserve rate hikes and investors pulled back from AI-linked stocks; exporters like A2 Milk and Fisher & Paykel Healthcare gained on a softer kiwi, while utilities dragged, with Forsyth Barr downgrading Mercury NZ, Genesis and Meridian ahead of Meridian’s Lake Pūkaki contingent hydro storage plan. Housing & Planning: Auckland councillors are being urged to back “Scenario B” for Plan Change 120, keeping apartment zoning along bus routes nearer the CBD and taller buildings at central rail stations. Health Policy: General Practitioners Aotearoa warns a proposed 12-month GP fees freeze plus a new clinic funding formula could accelerate a two-tier health system. Aviation & Tourism: Queenstown Airport topped one million international passengers in a year, boosted by trans-Tasman demand, with new direct Brisbane services from Air New Zealand and Jetstar starting mid-June. Defence: The US has cleared a potential $2.5b sale of MH-60R naval helicopters to New Zealand, boosting anti-submarine and surface warfare capability. Energy & Weather Risk: Wellington declared a state of emergency as a rapidly rising swell threatens up to 10m waves on the south and eastern coasts, with ferry disruptions expected. Business & Regulation: Commerce Commission moves to cap Visa/Mastercard business card fees, aiming to cut costs for merchants.