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Speaker 1: Welcome to the weekend edition of The Fast Five Business

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Speaker 1: News by Fear and Greed. I'm Adam Langan. Good morning, Sean.

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Speaker 2: Aylmer, Good morning, Adam Sean.

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Speaker 1: On weekdays, it's all about the Fast five, the top

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Speaker 1: five business stories in just five minutes. On the weekend, though,

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Speaker 1: we're still going to keep it to five minutes, but

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Speaker 1: we're going to pick out the biggest story of the week,

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Speaker 1: the most remarkable story, a mystery category story, in our

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Speaker 1: favorite business news story of the week. So let's get

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Speaker 1: into it, Sean, for you, what was the biggest business

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Speaker 1: story of the week.

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Speaker 2: Plenty going on this week, but I think markets really

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Speaker 2: was the biggest story of the week. Wall Street hit

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Speaker 2: a new high, the A six two one hundred hit

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Speaker 2: a new record, or a new closing record. At least,

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Speaker 2: Nvidia pushed beyond four trillion US dollars, first time any

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Speaker 2: company's ever done that. It's now one third larger than Apple.

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Speaker 2: We had Bitcoin passing one hundred and twenty three thousand

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Speaker 2: US dollars a unit, and Donald Trump reckons you'll open

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Speaker 2: up retirement accounts to cryptocurrencies. That should give that a boost.

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Speaker 2: Along the local share market, it's ten highs so far

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Speaker 2: this year pretty incredible. Big miners are pushing the boss.

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Speaker 2: That's a bit different. Previously it's been the banks. We

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Speaker 2: also had lab before speakers showing the unemployment rate at

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Speaker 2: four point three percent high since COVID well on the

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Speaker 2: way to a rate cut. There all this world. Donald

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Speaker 2: Trump rolls out his tariff's, Fed's independence in question, uncertainty

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Speaker 2: of bounds. Still markets just keep on keeping on. What

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Speaker 2: was your biggest story for me?

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Speaker 1: Sean A slightly different called. Prime Minister Anthony Albanezi's six

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Speaker 1: day visit to China was commercially significant and diplomatically delicate.

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Speaker 1: He was joined by his fiancee, Jody Hayden, and business

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Speaker 1: leaders from BHP, fortes Q and Rio Tinto, and the

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Speaker 1: focus was on trade, with over twenty billion dollars in

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Speaker 1: sanctions lifted under the Albanezi government. Albanezi met President Xi

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Speaker 1: and Premier Lee and walked to the Great Wall and

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Speaker 1: joined in panda diplomacy in Chengdu. The visit echoed historic

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Speaker 1: trips by Nixon and Whitlam, but it was all about

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Speaker 1: the future, really strengthening tires with our biggest trading partner

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Speaker 1: in a complex geopolitical time and my nomination for biggest

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Speaker 1: story of the week. What about the most remarkable.

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Speaker 2: Story I get under there? I wonder whe a Goth

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Speaker 2: Whittlam would like to be in the same sentence as

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Speaker 2: Richard Nixon. Perhaps not. The most remarkable story for mine

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Speaker 2: is just how well the tech titans are doing. Ten

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Speaker 2: of the twelve richest people in the world are tech gurus.

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Speaker 2: Elon Musket number one. This week Larry Ellison from Oracle

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Speaker 2: took over number two, I reckon. What's interesting is the

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Speaker 2: two that aren't in the top twelve, ok so non

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Speaker 2: tech people one Warren Buffett, Yes, Second Bernardo wimh Quite

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Speaker 2: remarkable how rich these tech dudes are.

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Speaker 1: On my side, Sean's superannuation funds have quietly delivered a

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Speaker 1: stellar result. The median Growth fund returned ten point five

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Speaker 1: percent in fiscal twenty five, which capped a three year

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Speaker 1: gain of more than thirty percent, according to chant West,

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Speaker 1: and that is thanks to strong returns from equities, infrastructure,

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Speaker 1: private equity, and even one of your favorites, bonds. Super

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Speaker 1: Ratings also reported double digit returns for the year. Growth

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Speaker 1: funds typically hold about sixty one to eighty percent in

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Speaker 1: growth assets like shares, and they rose nearly fourteen percent

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Speaker 1: over the period. Over ten years, they've averaged seven point

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Speaker 1: two percent annually in a volatile world. Australian superannuation is

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Speaker 1: proving a remarkably reliable long term partner. Sure is, Hey,

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Speaker 1: what about our mystery category?

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Speaker 2: Yeah mate, get a science category? You want to go

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Speaker 2: first on this time?

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Speaker 1: Yeah? Sure. So it may sound like science fiction, but

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Speaker 1: eight babies have been born in the UK using DNA

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Speaker 1: from three people to prevent mitochondrial disease, as reported by

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Speaker 1: the BBC. This pioneering technique, developed at the Newcastle University,

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Speaker 1: combines DNA from both parents with point one percent from

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Speaker 1: a donor woman to replace defective mitochondria. The condition affects

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Speaker 1: about one in five thousand babies and can be fatal.

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Speaker 1: Now this is really good news. All eight children are healthy,

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Speaker 1: with another pregnancy underway. The UK was the first country

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Speaker 1: to legalize the procedure and it is a remarkable step

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Speaker 1: forward in preventing inherited disease.

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Speaker 2: John it is my favorite science story. Animals react to

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Speaker 2: sounds being made by plants. What you read it suggests,

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Speaker 2: haven't you got the possibility that an invisible ecosystem might

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Speaker 2: exist between them that we know nothing about. In the

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Speaker 2: first ever such evidence, a team at Tel Aviv found

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Speaker 2: that female moths avoided laying their eggs on tomato plants

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Speaker 2: when the tomato plants were in distress. I have no

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Speaker 2: idea how they did it. Pretty phenomenal match the conversations

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Speaker 2: they're having.

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Speaker 1: It's hot today.

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Speaker 2: It is incredible, though, that we've actually discovered that it

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Speaker 2: seems that plants talk to animals.

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Speaker 1: There you go, I'm stunned.

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Speaker 2: Now.

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Speaker 1: Favorite story of the week, Sean, what about yours?

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Speaker 2: My favorite story of the week was It's a bit dry, right, but.

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Speaker 1: But but illustratory with me.

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Speaker 2: It illustrates the enormous challenge Australia in the world has

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Speaker 2: shifting to a carbon neutral planet. The story is that

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Speaker 2: almost every large solar farm in Australia's southeastern states will

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Speaker 2: be forced to switch off at least one third of

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Speaker 2: their power they generate by twenty twenty seven because there's

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Speaker 2: not enough poles and wires to deliver the energy. That's

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Speaker 2: according to the Australian Energy Market Operator. I like this

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Speaker 2: story because it just shows it's not just about building

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Speaker 2: wind and solar farms. It's about having the connections to

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Speaker 2: businesses and people's homes and what a tough job it

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Speaker 2: is to build a renewable power grid. What's your favorite story?

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Speaker 1: So mine was a Treasury briefing which was released to

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Speaker 1: the ABC under a Freedom of information request, and it

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Speaker 1: offered blunt advice fix the budget by raising taxes and

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Speaker 1: cutting spending and abandon the one point two minion homes

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Speaker 1: target as it will not be met. The post election

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Speaker 1: report suggests lifting indirect taxes like GST, taxing super and

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Speaker 1: cutting personal and company tax to boost participation and investment.

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Speaker 1: The report critiques our dysfunctional housing, infrastructure and delivery shortfalls

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Speaker 1: and as a reform tragic Sean. I hope this crisis

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Speaker 1: sparks action. We must lift productivity and stop handing the

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Speaker 1: country to our kids in worse shape. Via up Australia.

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Speaker 2: Those surprise that one of the dulles stories of the

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Speaker 2: week is your favorite story of the week.

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Speaker 1: That was five minutes and pretty much everything you need

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Speaker 1: to know in the world of business this weekend.

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Speaker 2: Thank you, Sean, thanks for asking.

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Speaker 1: We'll be back on Monday morning with the top five

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Speaker 1: business stories in just five minutes. Don't forget to hit

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Speaker 1: follow and join us online on Instagram, TikTok, LinkedIn, Facebook,

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Speaker 1: and X. I'm Adam Lane. And this is the Fast

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Speaker 1: five Business News by Clear and Greens