1 00:00:03,840 --> 00:00:06,800 Speaker 1: It's Tuesday, the twenty first of October twenty twenty five. 2 00:00:06,880 --> 00:00:09,720 Speaker 1: Welcome to the Fast five Business News by Fear and Greed, 3 00:00:09,720 --> 00:00:11,560 Speaker 1: where we give you the top five business stories you 4 00:00:11,600 --> 00:00:14,240 Speaker 1: need to know in just five minutes. Are Michael Thompson 5 00:00:14,280 --> 00:00:15,760 Speaker 1: and Good morning, Sean Aylmer. 6 00:00:15,880 --> 00:00:17,400 Speaker 2: Good morning, Michael, Sean. 7 00:00:17,560 --> 00:00:20,079 Speaker 1: Five stories, five minutes. Let's get going. Story number one 8 00:00:20,200 --> 00:00:23,880 Speaker 1: is a big one. Prime Minister Anthony Alberzi and US 9 00:00:23,960 --> 00:00:27,600 Speaker 1: President Donald Trump's first formal meeting this morning was full 10 00:00:27,600 --> 00:00:30,400 Speaker 1: of praise for each other and ended with the signing 11 00:00:30,440 --> 00:00:32,480 Speaker 1: of a Rare Earth and Critical Minerals deal. 12 00:00:32,720 --> 00:00:35,760 Speaker 2: Trump offered plenty of platitudes for Alberanzi, describing him as 13 00:00:35,800 --> 00:00:38,320 Speaker 2: a friend who was doing a great job as Prime Minister. 14 00:00:38,400 --> 00:00:40,720 Speaker 2: He also said as Stoni's were amazing allies to the US. 15 00:00:40,840 --> 00:00:42,360 Speaker 2: Alberizi he said it was a great honor to be 16 00:00:42,360 --> 00:00:44,440 Speaker 2: invited to the White House and praise Trump for an 17 00:00:44,440 --> 00:00:47,080 Speaker 2: extraordinary achievement in bringing a cease far in the Middle East. 18 00:00:47,320 --> 00:00:51,280 Speaker 2: At times, the joint press conference was as much about Taiwan, 19 00:00:51,360 --> 00:00:54,560 Speaker 2: tariff defense, Ukraine as it was about the US and Australia. 20 00:00:54,680 --> 00:00:57,200 Speaker 2: Trump listed Rare Earth and Taiwan as the US's top 21 00:00:57,240 --> 00:00:59,960 Speaker 2: issues with China. That He then added that a defense 22 00:01:00,040 --> 00:01:04,040 Speaker 2: cooperation agreement with Australia could serve as a deterrent to 23 00:01:04,240 --> 00:01:08,080 Speaker 2: Chinese military action against Taiwan. Anthony Alberanize He said the 24 00:01:08,120 --> 00:01:10,680 Speaker 2: eight point five billion dollar Rare worst and Critical Minerals 25 00:01:10,680 --> 00:01:12,880 Speaker 2: deal with the US will consist of joint projects between 26 00:01:12,920 --> 00:01:15,600 Speaker 2: the two countries and investments by the US in Australia 27 00:01:15,640 --> 00:01:17,800 Speaker 2: and vice versa. Its goal is to improve the supply 28 00:01:17,840 --> 00:01:19,160 Speaker 2: of rare wersts into the US. 29 00:01:19,640 --> 00:01:21,440 Speaker 1: What about Orcus sawn did to get a run. There 30 00:01:21,480 --> 00:01:25,440 Speaker 1: were hopes that Albaneze he might receive the official green 31 00:01:25,520 --> 00:01:27,400 Speaker 1: light from Trump for the three hundred and sixty eight 32 00:01:27,440 --> 00:01:28,639 Speaker 1: billion dollar deal to go ahead. 33 00:01:29,160 --> 00:01:31,240 Speaker 2: Not quite, but nearly got the green light. Trump said 34 00:01:31,319 --> 00:01:34,399 Speaker 2: Orcast was going too slowly under the previous administration, but 35 00:01:34,440 --> 00:01:37,199 Speaker 2: it was now really moving along very rapidly, very well. 36 00:01:37,640 --> 00:01:40,360 Speaker 2: He said Australia would get the nuclear powered submarines provided 37 00:01:40,480 --> 00:01:43,440 Speaker 2: for under the agreement. Then a naval representative later on 38 00:01:43,880 --> 00:01:46,560 Speaker 2: said that the review was about trying to take the 39 00:01:46,600 --> 00:01:49,280 Speaker 2: original Orcus framework and make it better for all parties. 40 00:01:49,480 --> 00:01:52,680 Speaker 2: One person who got to mention Kevin Runn, former PM 41 00:01:52,960 --> 00:01:56,320 Speaker 2: now I Ambassador to the US. In an incredibly cringey moment, 42 00:01:56,920 --> 00:01:59,680 Speaker 2: Trump was asked about comments Right had made against him 43 00:02:00,200 --> 00:02:03,160 Speaker 2: the president before, who was elected this time round, though 44 00:02:03,280 --> 00:02:06,000 Speaker 2: very critical of Trump. A bit of banter going on, 45 00:02:06,120 --> 00:02:07,840 Speaker 2: and then he looked at Trump and said, I don't 46 00:02:07,840 --> 00:02:10,119 Speaker 2: really like you. And that was that. The White House 47 00:02:10,120 --> 00:02:12,320 Speaker 2: meeting came after four phone calls of brief Incunada in 48 00:02:12,320 --> 00:02:15,000 Speaker 2: New York and one council meeting in Canada. Tomorrow, the 49 00:02:15,000 --> 00:02:17,359 Speaker 2: PM we'll meet with the Friends of Australia caucus in 50 00:02:17,360 --> 00:02:20,160 Speaker 2: the US Congress. He'll then host a lunch commemorating mining 51 00:02:20,200 --> 00:02:23,280 Speaker 2: Giants BHPS one hundred and fortieth anniversary at this train 52 00:02:23,440 --> 00:02:24,320 Speaker 2: MBC in Washington. 53 00:02:24,520 --> 00:02:26,600 Speaker 1: All right, moving on to story number two. Now, sean 54 00:02:26,639 --> 00:02:29,920 Speaker 1: and independent candidates with the biggest financial backing did not 55 00:02:30,080 --> 00:02:33,600 Speaker 1: always get elected. At the May federal election and climate 56 00:02:33,600 --> 00:02:38,000 Speaker 1: two hundred and individual donors provided a record twenty seven 57 00:02:38,120 --> 00:02:41,559 Speaker 1: million dollars into independent community campaigns. 58 00:02:41,639 --> 00:02:45,000 Speaker 2: Former radio presenter Alex Dyson and an independent challenger for the 59 00:02:45,040 --> 00:02:47,679 Speaker 2: seat of wan And, received the most donations of any 60 00:02:47,720 --> 00:02:50,160 Speaker 2: independent of the last election two point two million dollars 61 00:02:50,280 --> 00:02:53,680 Speaker 2: yet didn't win the seat of Liberal MP Dan Tean. 62 00:02:54,160 --> 00:02:56,960 Speaker 2: He was followed by Cas Hayes, a Climate two hundred 63 00:02:57,000 --> 00:02:59,840 Speaker 2: back candidate two point one million dollars in her unsuccessful 64 00:03:00,040 --> 00:03:02,720 Speaker 2: hilt against the NATS in the New South Wales seat 65 00:03:02,800 --> 00:03:05,040 Speaker 2: of Kauper. This is according to the City Morning Herald. 66 00:03:05,320 --> 00:03:07,919 Speaker 2: Menie Ryan raised the third highest, about one point nine 67 00:03:07,919 --> 00:03:11,040 Speaker 2: million dollars to hold on to the blue ribbon seat 68 00:03:11,080 --> 00:03:13,560 Speaker 2: of coup Young and Zoey Daniel raised one point eight 69 00:03:13,600 --> 00:03:16,600 Speaker 2: million dollars in her campaign to remain the member for Goldstein, 70 00:03:16,639 --> 00:03:19,640 Speaker 2: but was defeated by returning Liberal MP Tim Wilson. 71 00:03:19,880 --> 00:03:23,560 Speaker 1: Story number three. The Therapeutic Goods Administration has raised concerns 72 00:03:23,600 --> 00:03:26,960 Speaker 1: about the reliability of sun protection testing from a well 73 00:03:27,120 --> 00:03:31,040 Speaker 1: used British laboratory, with several well known brands not achieving 74 00:03:31,040 --> 00:03:32,920 Speaker 1: their advertised SBF fifty rating. 75 00:03:33,080 --> 00:03:37,040 Speaker 2: Australia's Medicines regulator has privately raised concerns, saying data from 76 00:03:37,040 --> 00:03:39,960 Speaker 2: the lab looks too perfect and lacks variability. According to 77 00:03:39,960 --> 00:03:43,200 Speaker 2: a story in the AFR, the TGAs worried that as 78 00:03:43,240 --> 00:03:46,760 Speaker 2: we head into summer, the SPF fratings are not accurate. 79 00:03:47,040 --> 00:03:50,840 Speaker 2: Now the organization Princeton Consumer Research stands by its work. 80 00:03:51,240 --> 00:03:54,320 Speaker 2: The issue emerged after consumer advocacy group Choice said its 81 00:03:54,360 --> 00:03:57,160 Speaker 2: testing had shown sixteen products claiming to have an SPF 82 00:03:57,160 --> 00:03:59,920 Speaker 2: for more than fifty appeared to measure up far lower. 83 00:04:00,560 --> 00:04:03,480 Speaker 2: That included brands like Banana Boat, Cole's Ultra, as well 84 00:04:03,520 --> 00:04:07,440 Speaker 2: as Startup Ultraviolet, which had the worst result among those tested. 85 00:04:07,560 --> 00:04:10,640 Speaker 2: In fact, Ultraviolet has now pulled its sunscreen products globally. 86 00:04:11,040 --> 00:04:14,720 Speaker 1: Story number four suspected space debris has been found burning 87 00:04:14,720 --> 00:04:18,240 Speaker 1: near an outback West Australian mind sight, but authorities don't 88 00:04:18,279 --> 00:04:20,480 Speaker 1: know where it came from, though they're confident it wasn't 89 00:04:20,480 --> 00:04:21,960 Speaker 1: from a domestic aircraft. 90 00:04:22,080 --> 00:04:24,599 Speaker 2: So a few Michael workers that aside about thirty kilometers 91 00:04:24,600 --> 00:04:26,960 Speaker 2: east of Newman found the burning object about two pm 92 00:04:26,960 --> 00:04:31,159 Speaker 2: on Saturday. Authorities wa please say the object remains under investigation, 93 00:04:31,240 --> 00:04:35,640 Speaker 2: though its characteristics are consistent with known space re entry debris. 94 00:04:35,800 --> 00:04:39,800 Speaker 2: According to report in nine Media. This Australian Space Agency 95 00:04:40,000 --> 00:04:42,880 Speaker 2: says that space debris can happen because of a variety 96 00:04:43,000 --> 00:04:46,240 Speaker 2: of re entering space objects, including things like satellites or 97 00:04:46,279 --> 00:04:49,000 Speaker 2: launch vehicles that failed to completely burn up as they 98 00:04:49,040 --> 00:04:51,920 Speaker 2: passed through Earth's atmosphere. Of course, not the first time 99 00:04:52,000 --> 00:04:55,160 Speaker 2: space debris has been notably fallen on the Western Australia. 100 00:04:55,160 --> 00:04:58,440 Speaker 2: The most famous was Skylab back in nineteen seventy nine. 101 00:04:58,680 --> 00:05:01,080 Speaker 1: Last one story number five. This is a heck of 102 00:05:01,120 --> 00:05:04,799 Speaker 1: a story, Sean. French police are searching for four suspects 103 00:05:04,920 --> 00:05:10,200 Speaker 1: believed to have stolen royal jewelry of inestimable historical value 104 00:05:10,240 --> 00:05:13,960 Speaker 1: from the Louver Museum in Paris, taking eight pieces on 105 00:05:14,080 --> 00:05:16,800 Speaker 1: Sunday night. But which was Sunday night at out time 106 00:05:16,800 --> 00:05:18,720 Speaker 1: and broad daylight in Paris. 107 00:05:18,440 --> 00:05:21,120 Speaker 2: That's right. They tried for nine pieces, but dropped the 108 00:05:21,120 --> 00:05:23,560 Speaker 2: crown of Empress Eugenie, the wife of Napoleon the Third 109 00:05:23,560 --> 00:05:25,960 Speaker 2: as they made their escape. The Interior Ministry said. The 110 00:05:26,000 --> 00:05:29,000 Speaker 2: thieves arrived on high powered scooters about nine thirty am 111 00:05:29,040 --> 00:05:31,480 Speaker 2: in the morning, entered the Pollen Gallery through a window 112 00:05:31,520 --> 00:05:34,320 Speaker 2: they'd broken, having clambered up the wall. They had their 113 00:05:34,760 --> 00:05:37,760 Speaker 2: four of them had their faces covered, threatened security guards 114 00:05:37,760 --> 00:05:40,400 Speaker 2: with the same tools they used to smash the display cases, 115 00:05:40,640 --> 00:05:44,159 Speaker 2: then fleed on scooters, necklaces, brooch as those sorts of 116 00:05:44,160 --> 00:05:47,360 Speaker 2: things all went The Louver houses. Da Vinci's Mona Lisa, 117 00:05:47,440 --> 00:05:49,720 Speaker 2: of course, that's the most famous. It was actually seldom 118 00:05:49,720 --> 00:05:51,719 Speaker 2: back in nine and eleven by a handyman who recovered 119 00:05:51,760 --> 00:05:54,400 Speaker 2: two years later, but generally hadn't had many year things 120 00:05:54,440 --> 00:05:56,160 Speaker 2: go missing, but did this weekend. 121 00:05:56,320 --> 00:05:58,320 Speaker 1: Indeed, all right, there we go the top five business 122 00:05:58,320 --> 00:06:01,200 Speaker 1: stories in five minutes. Thank you, Sean Michael. It is Tuesday, 123 00:06:01,279 --> 00:06:03,760 Speaker 1: the twenty first of October twenty twenty five. Remember to 124 00:06:03,800 --> 00:06:06,080 Speaker 1: hit follow on the podcast any five minutes isn't enough. 125 00:06:06,120 --> 00:06:08,159 Speaker 1: You can find our longer daily show called Fear and 126 00:06:08,240 --> 00:06:09,880 Speaker 1: Greed where if you listen to podcasts. 127 00:06:09,920 --> 00:06:10,719 Speaker 2: I'm Michael Thompson. 128 00:06:10,760 --> 00:06:12,680 Speaker 1: And that was the fast five business news by Fear 129 00:06:12,720 --> 00:06:16,760 Speaker 1: and Greed. Have a great day.