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

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Speaker 1: Report for Friday, the nineteenth of September twenty twenty five.

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Speaker 1: I'm Sean Elmer. Every afternoon, we've got the five stories

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

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Speaker 1: M one. The Australian share market and courage by fresh

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Speaker 1: record highs on Wall Street rose today finished up zero

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Speaker 1: point three percent to eighty seven hundred and seventy four points.

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Speaker 1: For the week, it was down one percent, which was

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Speaker 1: the third consecutive week of decline. Healthcare stocks led the

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Speaker 1: way today, with Telex Pharmaceuticals and Promedicas both rising. The

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Speaker 1: big miners dropped, while goldstocks rose. Energy companies, will Hire

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Speaker 1: and the big banks were mixed. Storry number two, Prime

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Speaker 1: Minister Anthony Albernezi is heading off to the United States

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Speaker 1: without having secured a one on one meeting with President

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Speaker 1: Donald Trump. Alberanzi is departing for the United Nations General

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Speaker 1: Assembly in New York. There's been plenty of political pressure

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Speaker 1: on the PM to get an audience with Trump, but

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Speaker 1: if they meet, it's likely to be a brief encounter,

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Speaker 1: possibly and in four normal pull a side, as they

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Speaker 1: call it that's on the sidelines of a reception Trump

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Speaker 1: is hosting on Tuesday night. There is no expectation of

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Speaker 1: a formal meeting at the White House or a joint

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Speaker 1: press conference with both leaders. Alberanzi has had a tough

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Speaker 1: week in foreign policy, failing to finalize agreements during visits

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Speaker 1: to Vanawatu and Papuan New Guinea. He'll be hoping his

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Speaker 1: luck changes next week. Sorry. Number three ACIK chair Joe

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Speaker 1: Longo will not seek reappointment when his term ends in May,

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Speaker 1: with the government to find a new head at a

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Speaker 1: time when the body is under scrutiny over its handling

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Speaker 1: of several high profile corporate governance failures. News of Longo's

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Speaker 1: departure comes after the Australian Pruential Regulation Authority Deputy chair

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Speaker 1: Markaret Cole also announced she won't seek an extension to

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Speaker 1: her term beyond June. Both appointments were made under Liberal

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Speaker 1: Treasurer Josh Friedenberg, and the Alberanzi government's now searching for

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Speaker 1: their replacements. Federal Treasurer Jim Chalmers said that since his

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Speaker 1: appointment in twenty twenty one, Longo has overseen ASSEK during

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Speaker 1: a period of heightened economic jeopolitical and technological check change.

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Speaker 1: Under his leadership, ASIK has doubled its investigations and lifted

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Speaker 1: civil enforcement proceedings by twenty percent. Story number four Regional

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Speaker 1: Express Rex the fail day line might finally have a buyer.

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Speaker 1: The AFI is reporting that Nasdaq listed aircraft operator airt

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Speaker 1: has put together an offer. It needs to be approved

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Speaker 1: by the government in probably including the Prime Minister, who

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Speaker 1: of course used to be a transport minister. The deal

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Speaker 1: might be announced as soon as Monday. Airta is an

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Speaker 1: air operator currently running cargo flights, including for FedEx in

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Speaker 1: the United States. It also provides commercial aircraft trading and

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Speaker 1: leasing and sells jet engine parts, airframes, avionics, and logistics

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Speaker 1: to the aviation industry. And Story number five N Video

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Speaker 1: will spend five billion US dollars buying a stake in

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Speaker 1: arch rival Intel and co developed chips for PCs and

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Speaker 1: data centers. It's a surprise decision, and then Video boss

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Speaker 1: Jensen Huang called it a historic collaboration between the two companies.

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Speaker 1: Intel we use nvidios Co graphics technology and upcoming PC chips,

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Speaker 1: and also provide its processes for data center products built

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Speaker 1: around in video hardware. Intel's shares Search by as much

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Speaker 1: as twenty six percent in pre market training. It comes

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Speaker 1: after the US government took a ten percent stake in

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Speaker 1: until last month. Also Japan's SoftBank, which is committed to

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Speaker 1: invest tens of billions of dollars into US chip making

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Speaker 1: and cloud infrastructure. It made a two billion dollar investment

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Speaker 1: last month. Intel's also raising cash by selling assets to investors.

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Speaker 1: That's it for the afternoon Report for Friday, the nineteen

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Speaker 1: to September 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 weekend edition of the Fast five Business News by

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Speaker 1: Fear and Greed. I'm Suan Almak. Enjoy your reasoning