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Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report

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Speaker 1: for Friday, the twenty sixth of September twenty twenty five.

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Speaker 1: I'm Michael Thompson, and every afternoon we've got the five

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Speaker 1: stories that happened today that you need to know about.

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Speaker 1: Let's go with story number one is markets. Of course,

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Speaker 1: the SMPA SEX two hundred closed up just slightly today,

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Speaker 1: zero point two percent higher to eighty seven hundred and

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Speaker 1: eighty seven points. Just four of the eleven sectors finished higher,

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Speaker 1: with healthcare leading losses after a new pharmaceutical tariff out

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Speaker 1: of the US. More on that one in a moment.

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Speaker 1: The miners were the big winners though today, with well

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Speaker 1: really silver companies winning gold Like that one. The silver

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Speaker 1: price hit a fourteen year I'm sorry, that was terrible.

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Speaker 1: The silver price hit a fourteen year high, and that

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Speaker 1: pushed silver mines up five point seven percent, Andy and

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Speaker 1: silver up four point three percent, Unico silver up seventeen percent.

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Speaker 1: Good day all around for the silver miners. The big

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Speaker 1: iron ore miners also outperform, to Rio Tinto and BHP,

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Speaker 1: both climbing more than one percent. Gold miners they dipped

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Speaker 1: a little today and one actually left the Boss entirely.

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Speaker 1: Gold Road Resources delisted after its takeover by griuere Holdings,

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Speaker 1: which is owned by Goldfields. So now gold Road Resource

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Speaker 1: is owned by Goldfields makes perfect sense. The Boss finishes

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Speaker 1: the week up zero point two percent, the same as

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Speaker 1: today's gain, but is on track to record its worst

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Speaker 1: month since March. Onto story number two now in US,

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Speaker 1: President Donald Trump, as I mentioned earlier, has announced a

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Speaker 1: one hundred percent tariff on branded or patented medicines entering

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Speaker 1: the US from October one, So that is next week unless,

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Speaker 1: and this is significant, the drug maker has already started

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Speaker 1: building a manufacturing plant in America. Pharmaceutical imports were already

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Speaker 1: hit with twenty five percent tariffs in May. This new

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Speaker 1: impost really doubles down on that. It matters here because

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Speaker 1: pharmaceuticals are a top Bossie export to the United States,

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Speaker 1: worth about one point six billion dollars last year. Biotech

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Speaker 1: Giants CSL came out very quickly today and said it

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Speaker 1: doesn't expect any material impact to its business. Why because

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Speaker 1: it already has a big US footprint. It's got about

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Speaker 1: nineteen thousand staff, hundreds of plasma collection centers, a processing

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Speaker 1: plant in Illinois, a vaccines facility in North Carolina, with

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Speaker 1: more US investment planned over the next five years. There

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Speaker 1: are other Australian companies that also came out, including Tilix

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Speaker 1: Pharmaceuticals and miso Blast. They said there'd be no material

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Speaker 1: impact from the new tariffs on their businesses as well,

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Speaker 1: didn't stop a sell off, though CSL was down nearly

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Speaker 1: two percent. Tilix and Misoblast were both off around three

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Speaker 1: and a half percent. Story number three, a Quantus flight

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Speaker 1: from Sydney to Auckland, has landed safely after issuing a

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Speaker 1: May Day call over the Tasman Sea Today. Flight one

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Speaker 1: four one, which was a Boeing seven three seven with

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Speaker 1: one hundred and sixty two passengers on board, reported a

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Speaker 1: possible fire in the cargo about an hour before landing.

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Speaker 1: Emergency crews lined the runway in Auckland as the aircraft

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Speaker 1: touched down. Quantas said the pilot's followed procedure, but initial

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Speaker 1: checks suggest there was no fire. Engineers are of course

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Speaker 1: inspecting the plane. Passengers said the crew did an excellent

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Speaker 1: job keeping them calm during the flight. Witnesses counted more

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Speaker 1: than a dozen fire trucks waiting at the airport This

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Speaker 1: was a massive response to this. Two passengers were treated

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Speaker 1: for minor conditions. The airfield apparently is now operating normally.

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Speaker 1: Story number four. Visa has pushed back on the Reserve

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Speaker 1: Bank's plan to ban card surcharges and lower interchange fee caps,

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Speaker 1: changes that the RBA says could save shopers one point

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Speaker 1: two billion dollars a year and strip around nine hundred

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Speaker 1: million dollars from banks and card schemes. The concern is

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Speaker 1: from Visa that SMEs could wear the costs and Australia

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Speaker 1: may miss the next wave of payments, innovation and anti

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Speaker 1: fraud technology if revenue shrink. Visa says the ecosystem needs

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Speaker 1: about two billion dollars a year over the next years

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Speaker 1: to upgrade security and enable things like AI agent led

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Speaker 1: commerce that orders and pays for essentials automatically. Finally, story

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Speaker 1: number five, the multi billion dollar sale of TikTok is

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Speaker 1: getting closer in the United States after President Donald Trump

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Speaker 1: signed an executive order paving the way for a US

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Speaker 1: joint venture where Chinese company ByteDance owns less than twenty

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Speaker 1: percent of the platform. Under the deal, TikTok would have

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Speaker 1: a US majority board and US control of the algorithm.

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Speaker 1: The whole thing is worth evalued at around fourteen billion

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Speaker 1: US dollars now. Big names involved include Oracles, Larry Ellison, Dell's,

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Speaker 1: Michael Dell, Rupert, and Lachlan Murdock. But there is a catch.

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Speaker 1: Beijing has to approve any transfer or control of the

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Speaker 1: recommendation algorithm, which China actually classifies as export restricted technology.

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Speaker 1: The move aims to keep TikTok operating in the US.

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Speaker 1: We've been talking about this for a long time while

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Speaker 1: addressing data security and influence concerns following the twenty twenty

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Speaker 1: four law it passed last year that forces divestment from

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Speaker 1: foreign adversary control. That's it for the afternoon Report for Friday,

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Speaker 1: the twenty sixth of September twenty twenty five. Make sure

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Speaker 1: you hit follow on the podcast. We'll be back tomorrow

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Speaker 1: morning with the weekend edition of Fear and Greed a

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Speaker 1: Mark Thompson. Enjoy your evening,