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Speaker 1: This is what the flux I'm Brett and I'm Justin

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Speaker 1: and it's Wednesday, the night of October.

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Speaker 2: Dozy Boy.

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Speaker 3: With the AFL and NRL Grand Finals featuring interstate teams

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Speaker 3: over the last couple of weeks, there is no surprise

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Speaker 3: that hotels were booming. Hotel occupancy during the NRL Grand

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Speaker 3: Final in Sydney that was eighty five percent and the

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Speaker 3: AFL Grand Final in Melbourne was at eighty two percent,

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Speaker 3: but still doesn't beat Taylor Swift Concerts, where occupancy was

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Speaker 3: ninety two percent if you don't mind so. In summary,

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Speaker 3: swifty has beaten basically the biggest codes in the country.

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Speaker 1: Not even Katie Perry could be swifty Bucks out. Did

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Speaker 1: you know? Sixty six percent of Aussie's do not know

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Speaker 1: the first thing about their credit score. And if you're

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Speaker 1: sitting there thinking that's me as well, there is one

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Speaker 1: way to find your credit score and all the information

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Speaker 1: behind it. It is in the flux out. So make

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Speaker 1: sure you start off October on a high by checking

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Speaker 1: out your credit score and seeing if it's gone up

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Speaker 1: or it's found out.

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Speaker 3: Three truly riveting stories today, Dozzy Boy, Let's do it

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Speaker 3: for our first West Farmers is expected to generate around

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Speaker 3: six billion dollars in revenue this year via its health division.

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Speaker 2: Because Australians are apparently getting sicker.

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Speaker 1: That's coop cough sick, not fully sick. It's a telling more.

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Speaker 3: We all know West Farmers, the giant Wa based conglomerate

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Speaker 3: that owns a heap of the biggest companies in Australia.

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Speaker 1: We'd be talking Bunnings, We'd be talking Kmart, we'd be talking.

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Speaker 2: Target now Juzzy Boy.

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Speaker 3: In twenty twenty two, West Farmers saw a massive gap

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Speaker 3: in the Aussie health space and they decided to fill

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Speaker 3: that gap.

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Speaker 1: Yep. Since then they've been on what you'd call a

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Speaker 1: buying spree, buy UPGPS, dental clinics, radiology clinics.

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Speaker 3: It acquired Australian Pharmaceutical Industries for one billion bucks in

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Speaker 3: twenty twenty two, which owns Priceline.

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Speaker 1: It acquired telehealth company Instance Scripts.

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Speaker 2: Also Clear Skincare and Silk Laser Clinics and.

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Speaker 1: Bman Across the West Farmers' Health division. It generated more

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Speaker 1: than five point six billion dollars in twenty twenty three's

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Speaker 1: financial year.

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Speaker 3: But now Jazzy Boy, it's expected to top over six

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Speaker 3: billion dollars in the upcoming financial year and.

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Speaker 1: Talk me through the reason for this growth be man.

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Speaker 3: Well, West Farmers has run the numbers on about three

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Speaker 3: million health checks.

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Speaker 2: Yeah, and they found that the number of ousi's getting

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Speaker 2: sick is supposedly increasing.

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Speaker 1: Yeah, the data shows arise in obesity, diabetes and heart

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Speaker 1: disease risk.

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Speaker 2: Bad news for our health, but good news for West Farmers.

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Speaker 1: So what is the key learning here?

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Speaker 3: Would you collect a treasure trove of data you can

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Speaker 3: use it to fine tune your offerings down to the

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Speaker 3: very last detail.

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Speaker 1: West Farmers has gathered a massive amount of health data

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Speaker 1: for over three million digital health checks across Australia and.

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Speaker 3: Johnsie Boite data is now one of the most valuable

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Speaker 3: assets for businesses. So you could say West Farmers is

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Speaker 3: sitting on a gold mine.

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Speaker 1: Yeah. We've already seen West Farmers do this through its

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Speaker 1: part steak In Cole's Flyby program, and now we're seeing

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Speaker 1: them do it across healthcare as well. For example, across

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Speaker 1: all their businesses, they now know that one in two

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Speaker 1: Australians had an elevated risk of heart disease.

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Speaker 2: And twenty nine percent had high blood.

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Speaker 1: Pressure twenty six percent were obese.

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Speaker 3: And by using data analytics, they can predict which medications

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Speaker 3: may be in demand.

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Speaker 1: Or maybe where health trends are heading.

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Speaker 3: Or even they could spot new opportunities for expanding services

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Speaker 3: and the.

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Speaker 1: Result is even healthier profits for our set.

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Speaker 3: Second story, Google will be required to open its app

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Speaker 3: store to rivals so its users can have more choice

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Speaker 3: when downloading and using apps.

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Speaker 1: Jesus is setting a scary new precedent for Google and

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Speaker 1: possibly Apple too, be man, so tell me more.

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Speaker 2: Well, dosyboy.

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Speaker 3: We all know Google, the tech behemoth behind Google Search

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Speaker 3: and Maps and Google Mail and Google Drive and Google everything.

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Speaker 1: And it also happens to be the owner of Android

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Speaker 1: i e. Apple iOS is arch rival yep.

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Speaker 3: Android's the operating system on pretty much every single smartphone

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Speaker 3: device other than Apple.

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Speaker 1: We're talking Samsung, Murderoller, HGC, Huawei LG, and a squillion more.

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Speaker 3: And as you know, if you want to download an

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Speaker 3: app like the Flux app from Google or Apple, you've

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Speaker 3: got to do it through their app store.

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Speaker 1: The b Man, a US judge, has just ordered Google

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Speaker 1: to open up Google Play to its rivals.

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Speaker 3: That means Google can't pay developers to launch their apps.

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Speaker 3: Exclusively on Google Play.

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Speaker 1: It also can't force developers to use Google Play's billing system.

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Speaker 3: And Google also can't block other app stores from being

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Speaker 3: downloaded from within.

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Speaker 2: Google's app store.

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Speaker 1: Very meta review.

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Speaker 2: Aha, So you you.

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Speaker 3: Better believe Dussie Boy that Google was shocked and appalled

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Speaker 3: and their shares dropped more than two percent following this news.

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Speaker 1: And Apple shares also dropped two percent on this news.

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Speaker 3: And it's all because their walled garden could be about

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Speaker 3: to fall.

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Speaker 1: So what is the key learning here?

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Speaker 3: A walled garden is a closed platform or ecosystem where

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Speaker 3: the owner of the platform has total control.

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Speaker 1: And be man. What we're seeing here is that the

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Speaker 1: warmed garden is potentially falling down to give consumers more choice.

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Speaker 3: We know that Apple and Google both created a pretty

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Speaker 3: tight ecosystem across their products. For some context, Josey Boy,

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Speaker 3: Apple and Google, they both charge anywhere between fifteen to

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Speaker 3: thirty percent commission for purchases in these apps.

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Speaker 1: But this court decision gives developers a way to circumvent

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Speaker 1: these fees.

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Speaker 3: And Josie Boy, given that Google's play Store generated eleven

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Speaker 3: point two billion US dollars in gross revenue, and that

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Speaker 3: was just for last quarter. Wow, this is a major

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Speaker 3: concern for their investors.

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Speaker 1: For our third and final story, the creator of popular

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Speaker 1: video game Assassin's Creed is considering going private after it

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Speaker 1: lost close to half its market value.

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Speaker 3: This year not the best year for the makers of

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Speaker 3: Assassin's Creed. Juzzy boy, I'm very keen to know what

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Speaker 3: the story is here, your little gamer.

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Speaker 1: So be man. The name of the company is Ubisoft Entertainment.

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Speaker 1: It's the French video game publisher that started in the

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Speaker 1: nineteen eighties.

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Speaker 3: Now, Josey boy, you may not have heard of Ubisoft,

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Speaker 3: but it's best known for games like Assassin's Creed, Just Dance,

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Speaker 3: Prince of Persia, and your favorite watch Dogs.

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Speaker 1: I've heard of it, but man. Ubisoft is allegedly considering

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Speaker 1: going private and delisting from Eurodex, which is the largest

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Speaker 1: stock exchange in Europe.

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Speaker 2: YEP.

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Speaker 3: Ubisoft's founding family and also Chinese tech company ten Cent

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Speaker 3: are thinking about buying the company out and taking it private.

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Speaker 1: And be man. Ubisoft's been struggling big time, with a

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Speaker 1: share price down forty percent just this year. Yep.

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Speaker 3: Ubisoft's found it challenging to come out of a pandemic rut.

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Speaker 1: And it's had to delay the release of new games

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Speaker 1: and also cancel some games as well.

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Speaker 2: But it's not canceling Watchdogs or Just Dance?

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Speaker 1: Is it?

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Speaker 2: Juzzy Boy?

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Speaker 1: No, it's not and b Man. Just last week, Ubisoft

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Speaker 1: cut it's twenty twenty five financial year Ernie's guidance to

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Speaker 1: just under two billion euros, down from two point three

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Speaker 1: billion made in twenty twenty four.

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Speaker 3: So it's not surprising that shareholders were putting pressure on

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Speaker 3: UBISAFT to.

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Speaker 2: Bring about some change. So what is the key learning here?

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Speaker 3: Well, when profits sink, shareholders often want changes at the

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Speaker 3: helm you.

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Speaker 1: See, be Man. When shareholders invest their money into a business,

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Speaker 1: they also hold those businesses accountable for how they operate,

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Speaker 1: and when a company isn't performing up to scratch, shareholders

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Speaker 1: often will push to make some changes. In Ubisoft's case,

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Speaker 1: minority shareholders have been pushing for them to go private

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Speaker 1: or at least for a strategic investor to come in.

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Speaker 2: Basically, they're not happy with how the company's been managed.

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Speaker 1: And sometimes shareholder pressure can be enough to bring about

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Speaker 1: major changes in a business. YEP, Flux am every single month.

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Speaker 1: In the Flux app, you can check your credit score

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Speaker 1: for free and see if it went off, if it

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Speaker 1: went down, and also why it changed. It's one of

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Speaker 1: those things you need to do if you want to

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Speaker 1: stay on top of your money. To make sure to

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Speaker 1: download the Flux app to check it all out.

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Speaker 2: Thanks for listening and we'll see you on writing