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Speaker 1: It's Wednesday, the twenty second of January twenty twenty five.

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Speaker 1: Welcome to the Fast five Business News by Fear and Greed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know in just five minutes. Are Michael Thompson

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Speaker 1: and Good Morning.

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Speaker 2: Sean Aylmer, Good morning, Michael Shawn.

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Speaker 1: Five massive stories to get through in just five minutes,

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Speaker 1: so we better get going. Story number one. Donald Trump

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Speaker 1: wasted no time at all following his inauguration yesterday morning

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Speaker 1: Australian time, signing a whole bunch of executive orders undoing

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Speaker 1: many of Joe Biden's decisions, requiring workers in government to

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Speaker 1: return to the office full time and even withdrawing from

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Speaker 1: the Paris Climate Treaty.

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Speaker 2: Their executive orders on illegal immigration, a freeze on new

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Speaker 2: regulations in the bureaucracy, a freeze on you hiring in

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Speaker 2: the bureaucracy. The federal government has been told to address

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Speaker 2: the cost of living crisis, and Donald Trump has also

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Speaker 2: mandated free speech. I think that's in the constitution, so

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Speaker 2: I'm not sure why he had to do that one.

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Speaker 2: He resented a bunch of Joe Biden orders, including that

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Speaker 2: half of all new vehicles sold by twenty thirty are

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Speaker 2: electric vehicles. Not sure what evel On Musk thinks on

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Speaker 2: that one. There were executive orders around oil driving in

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Speaker 2: the Arctic. It'll be allowed again. Cube has been put

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Speaker 2: back on the list of state sponsors of terrorism. Sanctions

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Speaker 2: have been lifted on some far right Israeli settler groups.

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Speaker 2: Donald Trump said he planned to sign executive orders on

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Speaker 2: tariff's as well, twenty five percent on Mexico and Canada

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Speaker 2: from one February. Still need the detail on that one.

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Speaker 2: Dumped a global deal and ensuring minimum corporate tax rate

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Speaker 2: of fifteen percent, pulled out of the Weld Health Organization,

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Speaker 2: reduced regulation on the development of artificial intelligence, and gave

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Speaker 2: TikTok seventy five days to find a buyer in the US.

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Speaker 2: Released a bar of fifty percent of the social media

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Speaker 2: app Very very busy start to his presidency.

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Speaker 1: Yeah, busy start to the show as well, Sean, Just

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Speaker 1: quickly before we leave, Donald Trump. There was plenty of

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Speaker 1: ceremony at the inauguration, not much convention.

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Speaker 2: Though no very critical of President Biden. That's not what

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Speaker 2: normally happens. In On Musk was obviously a big part

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Speaker 2: of the day. Bloomberg had great statistic one point three

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Speaker 2: trillion US dollars worth of billionaires at the inauguration. At

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Speaker 2: the inauguration, Elon Musk being one, Amazon's Jeff Bezos men

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Speaker 2: as Mark Zuckerberg, Rupert Murdoch plenty of them.

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Speaker 1: Story number two Sean Prime Minister Anthony Albanesi called a

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Speaker 1: national cabinet meeting yesterday in response to the dangerous escalation

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Speaker 1: of anti Semitism after a childcare center was gutted in

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Speaker 1: an arson attack yesterday morning.

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Speaker 2: The fire at the center in Maruba, in Sydney's East

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Speaker 2: occurred just before one am yesterday morning. If the Jews

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Speaker 2: were sprayed in black paint on a wall, a synagogue

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Speaker 2: is just one hundred meters away. That really forced Anthony

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Speaker 2: Albanesi to hold a national cabinet meeting with the state premiers.

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Speaker 2: We don't quite know the details of what they're going

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Speaker 2: to do, but all have agreed to crack down on

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Speaker 2: anti Semitism.

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Speaker 1: Story number three. Sean business failures have surged by fifty

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Speaker 1: percent this financial year as higher operating expenses along with

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Speaker 1: cost of living pressures and a crackdown on unpaid tax

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Speaker 1: debt as well all combined to force companies to close.

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Speaker 2: So we're sort of rolling towards about sixteen thousand failure

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Speaker 2: rate this year. There was eleven thousand last year. According

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Speaker 2: to a report in The Australian, the Australian Securities and

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Speaker 2: Investments Commission shows that four hundred and eighty three insolvency

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Speaker 2: appointments occurred in six months to December thirty one. Last

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Speaker 2: year was a record beating twenty twelve, but this financial

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Speaker 2: year twenty twenty five looks like being even bigger. What

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Speaker 2: I didn't know, Michael, three point four to seven million

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Speaker 2: registered businesses at the end of twenty twenty four. That

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Speaker 2: was a lot.

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Speaker 1: Story Number four. Optus is considering offloading its popular sports

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Speaker 1: streaming platforms to Nine Entertainments, in a move that would

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Speaker 1: hand the rights of the English Premier League the EBL

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Speaker 1: to stand ahead of the arrival of a British rival.

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Speaker 2: That's right, Optis has attempted to create a major sports

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Speaker 2: streaming service, buying the Premier League in twenty sixteen. It

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Speaker 2: outbid Foxdell in its most recent deal, which includes the

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Speaker 2: Women's Super League Well that runs till twenty twenty eight,

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Speaker 2: worth about one hundred million dollars per year. Financial Review

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Speaker 2: is hoarding that Optus has approached potential buyers, including Stan.

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Speaker 2: Discussions are ongoing. Stan's already got a bunch of tennis,

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Speaker 2: including the Astring and Open at the moment role in

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Speaker 2: garas Wimbledon. It's got Super Rugby, it's got the UAFA

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Speaker 2: Champions League. Certainly getting the EPL, which which is one

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Speaker 2: of the two big global sports along with the National

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Speaker 2: Basketball League in the league in the US. If they

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Speaker 2: got that, that would certainly help attract subscribers.

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Speaker 1: Last one story number five, How about this sean weight

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Speaker 1: loss drugs reduce the risk of developing more than forty

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Speaker 1: different health conditions. That's the good news, But the bad

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Speaker 1: news is that they also worsen nineteen conditions.

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Speaker 2: So these GLP one medications, things like a zenpiic w GOOV,

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Speaker 2: they can help people lose more than a fifth of

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Speaker 2: their body weight. They've been linked to a range of

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Speaker 2: health benefits. Now, a new study shows weight loss medications

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Speaker 2: reduce the risk of cardiac arrest by about twenty two percent,

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Speaker 2: pneumonia by sixteen percent, Alzeimer's twelve percent, bacterial infections twelve percent,

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Speaker 2: alcohol use disorder by eleven percent day from the Washington

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Speaker 2: University in Saint Louis, Missouri, analyes the health records of

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Speaker 2: more than two point four million people, including two hundred

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Speaker 2: and fifteen fifteen thousand people taking these drugs to see

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Speaker 2: their impact. In totally were forty two health outcomes were

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Speaker 2: shown to have a lower likelihood in a person who

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Speaker 2: has prescribed a GLP one drug, according to report in

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Speaker 2: the Telegraph. However, nineteen health outcomes were also shown to

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Speaker 2: become more likely think naughsier, vomiting, headaches, abdominal pain. The

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Speaker 2: study also uncovered the medications a link to an increased

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Speaker 2: risk of hemorrhoids, low blood pressure, tendinitis, and ostio arthritis.

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Speaker 1: All right, there we go the top five business stories

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Speaker 1: in five minutes.

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Speaker 2: Thank you very much, Sean, Thank you, Michael.

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Speaker 1: It is Wednesday, the twenty second of January twenty twenty five.

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Speaker 1: Remember to hit follow on the podcast, and if five

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Speaker 1: minutes isn't enough, you can find our longer daily show

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Speaker 1: called Fear and Greed wherever you listen to podcasts. I'm

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Speaker 1: Michael Thompson and that was the past five business news

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Speaker 1: by Fear and Greed. Have a great day.