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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Tuesday, the seventeenth of June twenty twenty five. I'm

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Speaker 1: Sean Alma. Every afternoon, we've got the fire stories that

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Speaker 1: happened today that you need to know about. Story number one.

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Speaker 1: The SMPASX two hundred closed down just to touch today

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Speaker 1: to eighty five hundred and forty one points. Given all

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Speaker 1: the goings on in the world at the moment, the

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Speaker 1: local boss has been incredibly steady. Over the past twenty

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Speaker 1: four hours. Donald Trump has left the G seven heading

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Speaker 1: back to Washington, while warning people to leave the Iranian

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Speaker 1: capital of Tel Aviv. On the market, the best of

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Speaker 1: the day were the golden uranium stocks. Overall, it was

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Speaker 1: pretty quiet, though the property index was the best performer,

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Speaker 1: while the utility is the worst. Nine of the ten

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Speaker 1: largest stocks ended at lower, including all the big banks, BHP, CSL,

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Speaker 1: and West Farmers. Only Goodman Group, which jumped one point

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Speaker 1: four percent, was higher. Sigma Healthcare was another strong performer

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Speaker 1: thanks to its merger with Chemist Warehouse. It is now

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Speaker 1: the seventeenth largest company on having appreciated one hundred and

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Speaker 1: sixty nine percent over the past year. That's a good

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Speaker 1: twelve months. Storry number two, a multi billion dollar underground

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Speaker 1: copper mine proposed by Rao Tinto and BHP in the

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Speaker 1: US state of Arizona, has received environmental approval from the

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Speaker 1: US Department of Agriculture. It's an important milestone for the

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Speaker 1: joint venture. It's known as Resolution Copper. It's been in

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Speaker 1: limbo for years after an earlier clearance granted in twenty

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Speaker 1: twenty one was rescinded by the Biden administration. According to

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Speaker 1: the fin review, the project has drawn opposition from indigenous

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Speaker 1: environmental groups. US Department of Agriculture Secretary Brook Rowlands said

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Speaker 1: that the approval is a major step forward and the

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Speaker 1: project that eventually aims to employ fifteen hundred people. Resolution

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Speaker 1: says he proposed underground mine is expected to become the

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Speaker 1: largest copper mine in North America. It aims to produce

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Speaker 1: about twenty million tons of copper over forty years. Story

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Speaker 1: number three CSL has announced that the United States Food

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Speaker 1: and Drug Administration has a pro it's new drug design

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Speaker 1: to prevent attacks of hereditary ngodema, a rare genetic condition

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Speaker 1: that triggers uncontrolled and seemingly random swelling known as Andonbury

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Speaker 1: a nd E mby. It's formulated to provide sustained protection

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Speaker 1: from attacks of the disease, which occur in about one

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Speaker 1: in every fifty thousand people, for patients aged twelve years

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Speaker 1: and older. SEL will launch the treatment in the US immediately.

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Speaker 1: The FDA approval follows other recent approvals for the treatment

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Speaker 1: in Australia, the UK, the European Union, Japan, Switzerland, and

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Speaker 1: the United Arab Emirates. Austory number four. The US State

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Speaker 1: Department has signed off on the potential sale of military hardware,

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Speaker 1: including fighter jets spare parts to Australia, valued at about

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Speaker 1: three point one billion dollars. Australia had asked to buy

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Speaker 1: equipment and services for its Boeing FAA and F super

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Speaker 1: Hornet fighter jet and the electronic attack aircraft, the EA

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Speaker 1: eighteen G Growler, which can disrupt, deceive, or deny a

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Speaker 1: broad range of military electronic systems. The US Defense Security

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Speaker 1: Cooperation Agency said in a statement that it had delivered

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Speaker 1: the required certification notifying Congress of the possible sale. According

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Speaker 1: to Bloomberg, Australia is one of our most important allies

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Speaker 1: in the Western Pacific. It is vital to the US

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Speaker 1: national interest, to assist our ally in developing and maintaining

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Speaker 1: a strong and ready self defense capability, and finally storing

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Speaker 1: number five Donald Trump. Trump might have left the G

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Speaker 1: seven summit in Canada early, but the show went on

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Speaker 1: with a group of seven nations expressing support for Israel

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Speaker 1: and labeled its rival Iran as a source of instability

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Speaker 1: in the Middle East. Ahead of Donald Trump heading to Washington,

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Speaker 1: he did hold talks with the UK Prime Minister Keir

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Speaker 1: Starmer that resulted in a trade deal which reduced tariffs

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Speaker 1: on British carmakers and the aerospace manufacturers. Trump also held

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Speaker 1: talks with Japanese Prime Minister Shagiru Shiba, but failed to

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Speaker 1: reach an agreement on a trade package. It's also worth

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Speaker 1: mentioning wasn't only Anthony Albernezia that missed out chatting to

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Speaker 1: Donald Trump. There are others like Ukrainian President Vladimir Zelenski,

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Speaker 1: Mexican President Claudia's Shinebohm, and Indian President Norandra Modi who

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Speaker 1: didn't seem to catch up with the President. Night up.

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Speaker 1: That's it for the afternoon report for Tuesday, the seventeenth

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Speaker 1: of June twenty twenty five. Make sure you hit follow

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Speaker 1: on the podcast. We will be back tomorrow morning with

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Speaker 1: a Wednesday edition of the Fast five Business News By

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Speaker 1: Fear and Greed. I'm Sean Elmer. Enjoy your eavening,