S&P/ASX 200 dips as Victoria’s lockdown gets extended
OPEC and its allies reached a deal on Sunday to phase out 5.8 million barrels per day of oil production cuts by September 2022 as oil prices hit their highest levels in more than two years. Zoom announced on Sunday that its buying Five9, a provider of cloud contact centre software, in an all-stock deal valuing Five9 at US$14.7 billion.
S&P/ASX 200 (INDEXASX:XJO) was trading 0.82% lower at 7288 points by about 12.50 pm as Victoria’s lockdown was extended as the state grapples with the Delta variant of COVID-19.
Premier Daniel Andrews said that ending the lockdown would not be the right thing to do.
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Wash. Court Finds Water Permits For Dairy Farms Inadequate
Law360 (June 30, 2021, 7:16 PM EDT) Conservation groups secured a victory in their challenge against waste discharge permits used by dairy farms in Washington after a state appeals court found the approvals don t provide adequate protections to ensure excessive manure runoff doesn t pollute nearby water sources.
The appeals panel found Tuesday that both a state-specific permit and approvals that ensure compliance with the federal National Pollution Discharge Elimination System permit requirements aren t sufficient under the federal Clean Water Act nor the state s Water Pollution Control Act. The ruling largely invalidates the general permits issued by Washington s Department of Ecology that govern wastewater practices at concentrated animal feeding.