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Sean Aylmer: Welcome to the Fear and Green Business News Afternoon Report

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Sean Aylmer: for Monday, the twenty eighth of April twenty twenty five.

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Sean Aylmer: I'm suan Alma. Every afternoon, We've got the five stories

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Sean Aylmer: that have happened today that you need to know about.

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Sean Aylmer: Story number one, this in PASX two hundred closed up

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Sean Aylmer: nearly half percent today to seven nine hundred and ninety

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Sean Aylmer: seven points, the highest closed in more than a month.

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Sean Aylmer: A strong end to Wall Street over the weekend and

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Sean Aylmer: hopes that negotiations around tariff's alongside our potential stimulus package

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Sean Aylmer: from Beijing helped the local market. Energy and tech stocks

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Sean Aylmer: did best, while the material sub indext was the only

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Sean Aylmer: one within the bores to go backwards. Among the large caps,

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Sean Aylmer: the two biggest, Commonwealth Bank and BHP both fill more

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Sean Aylmer: than one percent. The wise National Australia Bank, West Farmers,

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Sean Aylmer: and A and Z were all up between one and

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Sean Aylmer: a half and two percent. CSL Woodside and Aristocrat Leisure.

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Sean Aylmer: Where are other strong performers? Story number two. Plenty of

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Sean Aylmer: corporate news around at the moment. US real estate conglomerate

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Sean Aylmer: Coastar has asked for two more weeks to finalize due

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Sean Aylmer: diligence in its bid to by properly platform domain. The

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Sean Aylmer: share price of Revia Solutions sank eleven percent after the

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Sean Aylmer: company announced the exit of group chief executive Andy Russell.

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Sean Aylmer: Now Russell took over in twenty twenty three after former

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Sean Aylmer: chief executive at Libby Roy's exit, having spent less than

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Sean Aylmer: a year in the role. Just not a good look

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Sean Aylmer: for that company. Telex Pharmaceuticals share price fell six percent

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Sean Aylmer: after a US regulator didn't approve its new drug application

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Sean Aylmer: for the management of glioma, a brain cancer, and gaming

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Sean Aylmer: machine maker Ainsworth rallied thirty two percent after majority shareholder

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Sean Aylmer: Navo Mattic said it would acquire all outstanding shares in

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Sean Aylmer: the company. Sorry Number three Linus rare Earths today flagged

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Sean Aylmer: lower output after missing March quarter revenue expectations. The warnings

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Sean Aylmer: weren't enough to stop Linus's share price jumping three point

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Sean Aylmer: four percent. Now Linus is one of the few big

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Sean Aylmer: producers of rare words outside China. China recently tightened controls

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Sean Aylmer: over the sale of minerals in retaliation to the Trump tariffs. Now,

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Sean Aylmer: rare earths are vital for the production of high performance

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Sean Aylmer: magnets used in electronics and defense as well as EV's

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Sean Aylmer: Chief executive of Linus, Amandela Cays, said the trade war

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Sean Aylmer: was an opportunity for Linus and it's seeking to find

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Sean Aylmer: new buyers wanting to avoid China. There are seventeen rare earths.

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Sean Aylmer: China accounts for seventy percent of extraction in eighty seven

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Sean Aylmer: percent of processing. Story number four pallet maker Brambles has

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Sean Aylmer: downgraded on uncertainty around consumer demand. More consumers buy, the

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Sean Aylmer: more palots needed to deliver goods, so Brambles is reliant

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Sean Aylmer: on consumer demand. The group reported a marginal one percent

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Sean Aylmer: rise in sales revenue to just under five billion US

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Sean Aylmer: dollars in the nine months to March, but sales volumes

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Sean Aylmer: declined over the most recent quarter. By the end of

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Sean Aylmer: trading today, Bramble's share price was down five percent, and

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Sean Aylmer: story number five. President Donald Trump said that his sweeping

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Sean Aylmer: tariffs will help him reduce income taxes for people making

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Sean Aylmer: less than two hundred thousand US dollars a year, in

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Sean Aylmer: a parent effort to reduce public anxiety over easy economic agenda.

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Sean Aylmer: Trump has previously argued that tariff revenue could replace income taxes,

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Sean Aylmer: though economists have questioned those claims. On his Truth Social network.

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Sean Aylmer: He said, and I quote when Tariff's cut in, many

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Sean Aylmer: people's income taxes will be substantially reduced, maybe even completely eliminated.

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Sean Aylmer: Focus will be on people making less than two hundred

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Sean Aylmer: thousand US dollars a year. A CBS News poll released

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Sean Aylmer: yesterday said sixty nine percent of Americans believe that Trump

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Sean Aylmer: administration isn't focused enough on lurering prices. According to report

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Sean Aylmer: on Bloomberg, approval of Trump's handling the economy in the

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Sean Aylmer: poll declined to forty two percent compared to fifty one

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Sean Aylmer: percent about six or seven weeks ago. That's it for

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Sean Aylmer: the Afternoon Report for Monday, the twenty eighth of April

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Sean Aylmer: twenty twenty five. Make sure you hit follow on the podcast.

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Sean Aylmer: We will be back tomorrow morning. It's a Tuesday edition

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Sean Aylmer: of the past five business Years by Fear and Greed.

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Sean Aylmer: I'm Sean elmer Enjody Reabing