Political fallout and environmental law deal

This is the Fear and Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX higher, business investment jumps

2. Barnaby Joyce quits National Party

3. Labor to miss emissions target

4. Dozens killed in Hong Kong fire

5. National Guard solders shot in ‘act of terror’

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