PoliticsFederalNeed to Know LiveLiveJun 11, 2026 – 12.47amKey Posts6 mins ago — 12.47AM US and Iran trade strikes, Trump says Tehran will ‘pay the price’ for stalled talks6 mins ago — 12.47AMWelcomeAdvertisementGo to latestPinned post – 12.47AMWelcomeEmailLinkedInTwitterFacebookWelcome to the Australian Financial Review’s coverage of breaking news for Thursday 11 June.What you may have missed – US and Iran strikes | The United States launched airstrikes early Wednesday morning against Iran after blaming Tehran for the crash of an American attack helicopter, prompting new attacks from Iran and further widening the retaliatory strikes that threaten to derail talks to end the war.Iran launches salvo of missiles at US base in Jordan: Iranian media reports that US bases in Jordan have also been targeted in a long-range missile attack.Budget tax changes will be ‘devastating’ for biotech sector | A CGT carve-out alone will not save the industry from the proposed changes, says a leading scientist and angel investor. It will need R&D relief as well.Oliver Curtis to give evidence in fight over Firmus shares |A legal dispute between two Sydney financiers over Firmus shares will embroil executives from Australia’s hottest start-up, which is slated for an IPO later this year.Latest In FederalFetching latest articlesSponsoredMost Viewed In Politics