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Adam Lang: Welcome to the Fear and Greed Business News Afternoon Report

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Adam Lang: for Friday, the third of October twenty twenty five. I'm

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Adam Lang: Adam Lang. Every afternoon, We've got the five stories that

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Adam Lang: happened today that you need to know about. Story number one.

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Adam Lang: The S and p ASX two hundred closed the week

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Adam Lang: up today, gaining forty two points or zero point four

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Adam Lang: to six percent to eighty nine hundred and eighty seven points,

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Adam Lang: with healthcare, IT, consumer discretionary and property stocks off setting

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Adam Lang: energy and utilities companies. Oil fell to its lowest level

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Adam Lang: in nearly five months, with Brent crude oil trading around

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Adam Lang: US sixty four dollars a barrel. This put pressure on

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Adam Lang: the big energy stocks. The gold price fell, the local

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Adam Lang: gold stocks dropped, and the US dollar pushed higher. In

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Adam Lang: corporate news, DigiCo surged after growing demand for its AI

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Adam Lang: infrastructure lifted its earnings guidance. Eagers Automotive jumped ten percent

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Adam Lang: following the completion of its four hundred fifty two million

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Adam Lang: dollar equity raise to acquire a sixty five percent stake

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Adam Lang: in dealership group CanadaOne Auto and Mesoblast rose sharply after

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Adam Lang: its therapy to treat children for complications that could occur

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Adam Lang: during bone marrow transplants got formal recognition from the United

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Adam Lang: States Medicare and Medicaid Services. Story number two. Tech billionaire

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Adam Lang: Mike cannon Brooks's private company has voted against AGL Energy's

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Adam Lang: latest climate plan as the group's biggest shareholders grow frustrated

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Adam Lang: over the pace of action to cut emissions. Grock Ventures,

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Adam Lang: which owns about ten point four percent of AHL, criticized

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Adam Lang: the new twenty twenty five plan as including an only

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Adam Lang: incremental increase in ambitions from the twenty twenty two version

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Adam Lang: and being out of step with the binding climate goals

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Adam Lang: agreed at the UN Climate Change Conference in Paris in

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Adam Lang: twenty fifteen. Grock Ventures urged the board to adopt stronger

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Adam Lang: steps to cut emissions and boost renewable energy to the

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Adam Lang: benefit of AGL shareholders. Overall, thirty percent of AGL shareholders,

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Adam Lang: voting by proxyate agl's annual general meeting today opposed the

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Adam Lang: Climate Transition Action Plan. AGL has kept essentially the same

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Adam Lang: timetable for closing its two remaining coal power stations in

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Adam Lang: New South Wales and Victoria as in the twenty twenty

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Adam Lang: two climate plan. Story number three Tesla's share price fell

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Adam Lang: after the electric vehicle maker posted a record quarter of

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Adam Lang: sales that will be difficult to replicate now that the

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Adam Lang: federal electric car subsidies in the US have expired. The

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Adam Lang: company delivered four hundred and ninety seven thousand and ninety

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Adam Lang: nine vehicles worldwide in the most recent quarter, and that

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Adam Lang: is seven point four percent more than a year ago,

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Adam Lang: which was ahead of expectations. A rush to take advantage

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Adam Lang: of a US seven thy five hundred dollars tax credit

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Adam Lang: for EV purchases delivered a temporary boost to Tesla's core

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Adam Lang: automotive business, which had struggled for several quarters under the

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Adam Lang: weight of an aging lineup and rising competition. The company

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Adam Lang: also faced a consumer backlash to chief executive in Elon

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Adam Lang: Musk working closely with US President Donald Trump in the

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Adam Lang: early part of this year. Analysts say they are now

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Adam Lang: focusing more not on the EV part of Tesla, but

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Adam Lang: the potential profit from the group's robotaxi, artificial intelligence and

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Adam Lang: robotics ventures, which Musk has said will drive the company's

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Adam Lang: future market value. Story Number four retailers in Japan are

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Adam Lang: warning customers of possible Asahi Super Dry beer shortages after

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Adam Lang: a cyber attack paralyzed production and distribution of the brew.

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Adam Lang: Shoppers at some seven to eleven stores are seeing notices

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Adam Lang: that shipments of the country's most popular beer had been suspended.

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Adam Lang: According to Bloomberg, the disruption shows how Japan's food and

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Adam Lang: beverage sector depends on intricate, logistical and digital supply chains,

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Adam Lang: where a single cyber attack can cause ripples from factory

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Adam Lang: flows to convenience store shells. Asahi's troubles carried outsize weight

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Adam Lang: given Super Dry's dominant market share and the cutthroat competition

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Adam Lang: among Japan's major brewers. Asahi halted production at some of

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Adam Lang: its factories on Monday after the cyber attack hobbled its

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Adam Lang: ordering and delivery system, and Asahi has no timeline when

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Adam Lang: it would be able to get its systems back online.

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Adam Lang: Story number five. This one is as much about popular

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Adam Lang: culture as it is about business, and the pop music

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Adam Lang: world is talking about it. Taylor Swift has released her

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Adam Lang: much anticipated twelfth studio album, The Life of a Showgirl.

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Adam Lang: The record was made available on music platforms including Spotify,

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Adam Lang: Apple Music and YouTube at two pm Australian Eastern Standard time.

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Adam Lang: The Life of the Showgirl encompasses multiple variants across CDs, vinyl,

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Adam Lang: and tapes, and there are five different album covers for superfans.

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Adam Lang: The thirty five year old has now released six albums

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Adam Lang: of original material, as well as four re recordings of

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Adam Lang: her earlier work, and staged the most successful tour in

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Adam Lang: pop history. More recently, she became engaged to her NFL

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Adam Lang: athlete partner, Travis Kelcey. It's not quite a merger, more

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Adam Lang: a partnership. That's it for the Afternoon Report for Friday,

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Adam Lang: the third of October twenty twenty five. Make sure you

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Adam Lang: hit follow on the podcast. We'll be back tomorrow morning

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Adam Lang: with the weekend edition of Fear and Greed business News.

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Adam Lang: I'm Adam Lane. Enjoy your evening