The Loop: Coalition decides new leaders, car stolen with baby inside, AGL abandons demerger plans

Hi. It's Monday, May 30 and you're reading The Loop, a quick wrap-up of today's news. 

Let's start here

The Liberal and National Parties have decided on their new leaders and deputies after the Coalition's election loss earlier this month.

ICYMI: 

• Peter Dutton is the new leader of the Liberal Party, replacing Scott Morrison
• Sussan Ley is the new deputy, replacing Josh Frydenberg
• David Littleproud is the new leader of the National Party, replacing Barnaby Joyce
• Perin Davey is the new deputy, replacing David Littleproud

Mr Littleproud defeated incumbent leader Barnaby Joyce and former minister Darren Chester in a three-way contest to lead the Nationals, and Mr Dutton was elected unopposed.

Former PM Scott Morrison expressed his congratulations to both Mr Dutton and Ms Ley, saying he believes they'll "do an outstanding job".

Barnaby Joyce also congratulated the new leadership team for the Nationals, releasing a statement that opened with: "I suppose you think I am sad. Not really."

What else is going on

• SA Police say a four-month-old baby has been found safe and well after being taken in a stolen car in Adelaide. The car was found more than two hours later in another suburb with the child in the back seat, but the suspect has not yet been located
• US President Joe Biden travelled to the Texas town of Uvalde, where he was met by a grieving crowd chanting for action on gun control as he attempted to comfort families of the victims of the nation's deadliest school shooting in a decade
• Pacific Island countries have not signed a region-wide trade and security deal with China, after a high-level meeting between Chinese Foreign Minister Wang Yi and leaders from 10 Pacific nations was held in Fiji this afternoon

What Australia has been searching for online

• Nadal and Djokovic. The pair are preparing for their 10th Roland Garros face-off in the French Open quarterfinal after defeating Felix Auger-Aliassime and Diego Schwartzman respectively. The meeting will be their 59th overall, more than any other two men have played each other in this professional tennis era.

• AGL. The company has abandoned plans to demerge its coal-focused generation business and says its chief executive and chairman will both resign. Atlassian founder Mike Cannon-Brookes, the company's largest shareholder, was among those calling for the demerger to be dumped.

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Thanks for reading.

ABC/wires