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Speaker 1: It's Tuesday, the twenty fifth of November 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. Oh, Michael Thompson,

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Speaker 1: and good morning Sean Aylmer, Good morning Michael, Sean. Five

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Speaker 1: big stories to race through in just five minutes. Let's

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Speaker 1: get cracking with story number one. Macquarie Asset Management has

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Speaker 1: made an eleven point six billion dollar bid for logistics

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Speaker 1: group Cube, sending its share price up nineteen percent yesterday. Meanwhile,

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Speaker 1: briefly yesterday it looked like BEHP was returning with a

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Speaker 1: new bid for Anglo American, although that fizzled quickly. I

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Speaker 1: think we can still call it a deal frenzy though, Sean.

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Speaker 2: Oh, totally very exciting a few hours yesterday morning. The

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Speaker 2: deal that is up and running is between mcquarie and

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Speaker 2: Cube qube five bucks twenty a share in dickid Vaffer

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Speaker 2: for about twenty percent premium to the shares closing price

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Speaker 2: on Friday, follows an earlier unsolicited bid and mccuae's now

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Speaker 2: got due diligence exclusive due diligence until February, one country's

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Speaker 2: largest logistics group operates across Australia and New Zealand Asia,

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Speaker 2: including fifty per cent of the Patrick's container terminals. Basically,

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Speaker 2: Michael shifts stuff around the place one hundred and fifty

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Speaker 2: rail services per week. Big business for its part. Mcquarie's

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Speaker 2: becoming a major player in logistics in this country as

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Speaker 2: well as offshore. Actually nice to see an investment in logistics,

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Speaker 2: not data centers or AI or something. Yeah.

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Speaker 1: Indeed, now on to BHP. As we said, it was

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Speaker 1: only a couple of hours yesterday morning, but it was

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Speaker 1: an exciting few hours. It did sound like BHP was

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Speaker 1: making another bid for Anglo American, the mining company that

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Speaker 1: actually rebuffed the Big Australian's seventy five billion dollar offer

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Speaker 1: last year. But this one, the new one. Well that

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Speaker 1: wasn't to be either, No.

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Speaker 2: So Bloomberg reported that the bid might be back on,

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Speaker 2: but ahead of the market opening yesterday, BHP put out

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Speaker 2: a statement saying, following preliminary discussions with the board of

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Speaker 2: Anglo American, BHP confirms that it no longer that it

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Speaker 2: is no longer considering a combination of the two companies. Obviously,

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Speaker 2: it was considering ahead of that, but was rebuffed. What's

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Speaker 2: it say about BHP, Well, it shows it once a

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Speaker 2: copper assets. It shows an Anglo doesn't want to work

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Speaker 2: with BHP. It also shows BHP is acquisitive. Just interesting.

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Speaker 2: You're seeing these deals coming through now getting a bit

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Speaker 2: busy on the busier on the m and A front.

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Speaker 1: Michael, Yeah, certainly seems that way on destory number two. Now,

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Speaker 1: Sean and Federal Parliament is back in session for its

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Speaker 1: final week of the year, and the Coalition attacked the

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Speaker 1: Government on energy prices, calling Chris Bowen a part time

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Speaker 1: energy minister.

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Speaker 2: That's because Bowen will also spend the next year running

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Speaker 2: negotiations for COP thirty one in Turkey in twenty twenty six.

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Speaker 2: The government's argument was a Bowen having a main seat

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Speaker 2: at the table in the shift and at zero globally

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Speaker 2: is a great opportunity for Australia. The opposition's line attack

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Speaker 2: is he will be missing in action. Energy will be

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Speaker 2: the main issue this week as a government attempts to

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Speaker 2: pass its environmental reform package just quickly in the Senate.

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Speaker 2: One Nation's poorly enhance and caused an uproar, In fact,

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Speaker 2: a suspension of sitting of Senate after wearing a burker

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Speaker 2: into the chamber. She wore the head cut minutes after

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Speaker 2: she was denied leave by the government to tablor bill

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Speaker 2: to have burker's and full face coverings band in Australia,

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Speaker 2: she was rebuked by all sides yesterday.

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Speaker 1: Story number three. Australia's Ambassador to the United States, Kevin Rudd,

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Speaker 1: has copped a blast from Donald Trump's trades Jameson Greer

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Speaker 1: over the Alban Eazy government's proposed new content obligations for

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Speaker 1: streaming services that have somewhat angered US owned platforms.

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Speaker 2: Gre evented over the planned new laws during a closed

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Speaker 2: door meeting with Rudd in Washington late last week. According

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Speaker 2: to The Australian, the new laws, unveiled earlier this month,

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Speaker 2: will require streaming platforms with at least one million local subscribers.

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Speaker 2: I think Netflix, Amazon Disney to spend ten percent of

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Speaker 2: their local expenditure or seven and a half percent of

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Speaker 2: their domestic revenue on Australian made programming. That just aligns

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Speaker 2: international streamers with requirements faced by free to wear networks,

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Speaker 2: which have been long subject to local content obligations. But

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Speaker 2: they're not happy about it.

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Speaker 1: No story Number four, the Drone Shield story. We've been

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Speaker 1: talking a lot about this lately, but it's taken a

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Speaker 1: slightly sinus to turn, with CEO Oleg Vaughnick telling investors

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Speaker 1: he was justified in selling his entire fifty million dollar

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Speaker 1: stake in the defense technology business in part because the

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Speaker 1: role carried a significant risk to his life.

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Speaker 2: Vaornick, Drones Shield chair Peter James, and another director offloaded

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Speaker 2: seventy million dollars worth of shares with little explanation earlier

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Speaker 2: this month, triggering a huge slide in the defense company

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Speaker 2: share price for It was due to meet shareholders yesterday,

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Speaker 2: but he had spoken to a number privately, according to

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Speaker 2: the finn Review, and explained to his decision to sell.

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Speaker 2: He also said the stock represented a shareholder approved bonus.

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Speaker 2: He's told investors that he and others at Drones Shield

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Speaker 2: had worked hard to increase revenues from fifty million to

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Speaker 2: two hundred million, with shareholders approving the granting of the stock,

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Speaker 2: I suppose the thing that people are worried about. He

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Speaker 2: almost immediately sold the shares once they vested this month. Yesterday,

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Speaker 2: Drones Shield said it would ask two of its independent

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Speaker 2: directors to review the share sales and whether they'd been

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Speaker 2: in line with the company securities training policies.

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Speaker 1: Last one story number five have about it Sewan, a

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Speaker 1: gold trimmed pocket watch worn by a famous passenger on

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Speaker 1: the Titanic, has been sold at auction for two point

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Speaker 1: three million US dollars. But the thing about this is

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Speaker 1: that the watch actually stopped ticking at exactly two twenty

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Speaker 1: am on the day the vessel sank, Basically as it

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Speaker 1: went into the water, it stopped.

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Speaker 2: Its wealthy owner, Isador strauss was co owner of Macy's

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Speaker 2: department store franchise, was traveling first class in a Titanic

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Speaker 2: with his wife Ida. Ida famously refused to get into

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Speaker 2: a lifeboat with her husband, and the two perished in

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Speaker 2: April fifteenth, nineteen twelve, having last been seen arm in

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Speaker 2: arm on the deck. Mister Strausser's remains were found at

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Speaker 2: sea fortnight after the Titanic went down. Missus Strauser's remains

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Speaker 2: were never recovered. According to the New York Times, this

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Speaker 2: was a record for a piece of Titanic memorability memorabilia

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Speaker 2: sold by auction house Henry Oldrich and Son. That group

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Speaker 2: also sold a pocket watch one point nine million last year,

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Speaker 2: it sold another one for about one point four to

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Speaker 2: six million. It sold at Violin on the ship one

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Speaker 2: point three million dollars in the last couple of years

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Speaker 2: and a letter from a passenger for one hundred and

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Speaker 2: twenty thousand dollars. But I love this story about the strousers.

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Speaker 1: Yeah, it is an incredible one. Good way to finish.

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Speaker 1: There we go the top five business stories in five minutes.

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Speaker 1: Thank you Sean, Thank you Michael. It's Tuesday, the twenty

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Speaker 1: fifth of November twenty twenty five. Remember to hit follow

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Speaker 1: on the podcast. Very important and five minutes isn't enough.

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Speaker 1: ahead of your colleagues as well. For the day, I'm

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

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Speaker 1: by Fear and Greed. Had a great day,