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

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Speaker 1: for Monday, the thirtieth of June.

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Speaker 2: Twenty twenty five. Are Michael Thompson.

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Speaker 1: Every afternoon, We've got the five stories that happened today

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Speaker 1: that you need to know about.

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Speaker 2: So let's get going with story number one.

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Speaker 1: The local share market has finished the financial year on

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Speaker 1: a high, rising zero point three percent today to close

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Speaker 1: at eighty five hundred and forty two points. Healthcare stocks

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Speaker 1: led the way. CSL jumped more than two percent. Tech

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Speaker 1: stocks also did pretty well, while the big miners went backwards.

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Speaker 1: James Hardy was a strong performer following news that it

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Speaker 1: will shift its primary listing to Wall Street, and biotech

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Speaker 1: company the exotically named Tetratherics jumped thirteen percent in the

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Speaker 1: first few minutes of its debut on the Australian share

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Speaker 1: market for the financial year. The ASX two hundred was

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Speaker 1: up ten percent onto story number two. Now and Energy

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Speaker 1: Minister Chris Bowen has announced a review into gas market

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Speaker 1: regulations following the release of an age will see report

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Speaker 1: which the government claims shows that short term gas supply

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Speaker 1: is sufficient, although further investment is needed for the longer term.

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Speaker 2: The review is going to look.

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Speaker 1: At measures introduced by successive governments which aim to safeguard

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Speaker 1: Australia's energy supplies and prices. Mister Bowen reiterated that quote

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Speaker 1: gas has an important role to play in our energy

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Speaker 1: system as we transition towards eighty two percent renewables. As

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Speaker 1: part of the review, the government's going to consider establishing

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Speaker 1: an East Coast gas reservation, but has ruled out imposing

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Speaker 1: domestic supply conditions on existing projects. Story number three. Stands

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Speaker 1: Sport will stream the English Premier League from the start

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Speaker 1: of next season in August under a three year deal

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Speaker 1: that ends Optus's ten year four a into live sports.

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Speaker 1: We've talked about this a bit recently while it was

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Speaker 1: all being speculated. The deal now has been done, with

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Speaker 1: stands owner nine Entertainment confirming that it will acquire the

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Speaker 1: rights to the world's most popular domestic competition and the

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Speaker 1: FA Cup as well. In a deal in which the

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Speaker 1: Opta Sport platform will close. Stand will acquire Optus's media rights,

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Speaker 1: subscriber agreements and social media assets from August one. The

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Speaker 1: deal also includes access to Japan's J one League and

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Speaker 1: the US National Women's Soccer League. Story number four, Private

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Speaker 1: health insurer Booper has agreed to pay a thirty five

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Speaker 1: million dollar fine after conceding that it engaged in misleading

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Speaker 1: and unconscionable conduct. The Australian Competition and Consumer Commission says

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Speaker 1: Booper admits to the breaches after advising members they were

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Speaker 1: not entitled to private health insurance benefits for their entire

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Speaker 1: claim when this was not true. Now, most of the

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Speaker 1: claims were for hospital treatment where two or more procedures

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Speaker 1: were performed at the same time.

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Speaker 2: Booper incorrectly rejected the.

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Speaker 1: Entire claim in some cases where part of the treatment

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Speaker 1: was covered by a members policy and part of it

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Speaker 1: was not. And finally, story number five an update on

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Speaker 1: the Abu Dhabi National Oil Company's thirty six billion dollar

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Speaker 1: bid for oil and gas giant Santos. The parties have

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Speaker 1: agreed to a six week due to diligence process. However,

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Speaker 1: after four weeks, Santos is able to enter discussions with

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Speaker 1: rival bidders. If a superior takeover offer is made. Under

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Speaker 1: the agreement, Santos must provide the Adnock led group the

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Speaker 1: name of the competing bidder and the terms of their offer.

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Speaker 1: If one does in fact emerge. Adnoc's bid, which has

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Speaker 1: been provisionally agreed to by the Santos Board, values Santos's

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Speaker 1: shares at about eight dollars eighty nine each now. Shares

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Speaker 1: in Santos were recently trading at seven sixty six. The

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Speaker 1: discount reflects concerns that the bid won't receive Foreign Investment

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Speaker 1: Review Board approval, so there's still a few hurdles to overcome.

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Speaker 1: That's it for the afternoon Report for Monday, the thirtieth

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Speaker 1: of June twenty twenty five. Make sure you hit follow

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Speaker 1: on the podcast and.

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Speaker 2: We'll be back tomorrow morning with the Tuesday edition of

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Speaker 2: the Fast Five.

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Speaker 1: Business views by Fear and Greed are Michael Thompson, The

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Speaker 1: Joyery