Jockey James McDonald rides Very Elleegant to victory in Race 7, the Melbourne Cup on Melbourne Cup Day at Flemington Racecourse, Melbourne, Tuesday, November 2, 2021. (AAP Image/Con Chronis) NO ARCHIVING

Jockey James McDonald rides Very Elleegant to victory (AAP Image/Con Chronis)

Verry Elleegant has won the Melbourne Cup, beating Incentivise and Spanish Mission in the $8 million race at Flemington.

Chris Waller sealed a decade of excellence in Australian racing when Verry Elleegant won the Melbourne Cup.

Famous for engineering the record-breaking exploits of Winx, Waller claimed his first Melbourne Cup win as Verry Elleegant beat the favourite Incentivise in Australia's greatest race.

UK-trained stayer Spanish Mission took the minor placing.

Incentivise, one of the shortest-priced favourites in Cup history, looked the winner at the top of the straight but he was no match for Verry Elleegant's late surge under jockey James McDonald.

Waller now has in his possession one of Australian sport's most prized trophies to go alongside Winx's four Cox Plates.

He has rewritten all the record books on his way to the top but a Melbourne Cup triumph ranks as the sweetest moment since confirming his arrival among the best in the business.

Waller has won the past 11 Sydney trainers' premierships, trained a horse of a lifetime in Winx and is setting standards that only he is likely to match.

The Melbourne Cup was run in front of 10,000 fully-vaccinated racegoers after Victoria's coronavirus restrictions were lifted in time for reduced crowds during the spring carnival.

© AAP 2021

Pink Piggy bank money concept on dark blue background, stuffed with Australian cash.

Superannuation will now follow Australians when they change jobs after new laws came into effect on Monday.

Superannuation accounts will now be stapled to workers, ensuring new employers pay super contributions into existing accounts in a bid to avoid expensive double ups and lost money.

Treasury estimates $2.8 billion will be saved from duplicate fees and lost interest returns over the next decade, with around 850,000 duplicate accounts created every year.

Employees are still able to nominate a different super account.

The new laws address a key recommendation of the banking royal commission and build on measures implemented under the Your Future, Your Super reforms.

The government estimates these reforms will save Australian workers almost $18 billion over the next decade.

© AAP 2021

Image: Milleflore Images / Shutterstock.com

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One person is dead after a boating tragedy of the Wollongong coastline this morning.

At about 10.20 am, emergency services were called to waters off Waniora Point, Bulli, after reports of a vessel had capsized.

Inflatable rescue boats at a nearby search and rescue exercise were dispatched from the Bulli SLSC, Sandon Point SLSC and the Thirroul SLSC to rescue seven people who had been thrown from the vessel.

Surf lifesavers managed to bring them to shore at Sandon Point.

Rescuers performed CPR on four people until the arrival of paramedics.

One person could not be revived and died at the scene.

The remaining three people have been taken to hospital.

Police officers attached to Wollongong Police Area Command also attended.

Emergency services remain on scene, conducting inquiries.

Image: Surf Life Saving NSW

 

 

 

 

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The drug Nubeqa, or darolutamide, will be listed on the Pharmaceutical Benefits Scheme from Monday.

The pill can be used by men who've got prostate cancer that hasn't spread but is castration-resistant, that is, symptoms continue to worsen, cancer continues to grow or the antigen level increases, despite lowered testosterone levels from hormone therapy.

It normally costs more than $40,000 per year, now with the subsidy, patients will pay up to $41.30 per script.

The medication works to starve cancer cells of the hormones they need to grow and divide, says manufacturer Bayer Australia.

"This medicine offers an earlier line of treatment, allowing doctors to treat prostate cancer that no longer responds to traditional testosterone-lowering treatment is likely to spread," said Associate Professor David Pook, a medical oncologist at Melbourne's Cabrini Hospital.

"We no longer need to wait until we can see cancer spots on CT scans and bone scans before we initiate treatment.

"We now have the option to act earlier with the goal of delaying the spread of prostate cancer."

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Prostate cancer is the second most common cancer diagnosed in Australian men and the third most common cause of cancer death.

It's more common in older men.

Early detection and treatment can significantly improve prostate cancer survival, said Health Minister Greg Hunt.

He encouraged men over 50 to learn the symptoms and talk to their GP if they have any concerns.

Images: newsmedical.net