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

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Adam Lang: with healthcare, IT, consumer discretionary and property stocks offsetting energy

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

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

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

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

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

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Adam Lang: DigiCo surged after growing demand for its AI infrastructure lifted

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Adam Lang: its earnings guidance. Eagers Automotive jumped ten percent following the

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Adam Lang: completion of its four hundred fifty two million dollar equity

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Adam Lang: raise to acquire a sixty five percent stake in dealership

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Adam Lang: group CanadaOne Auto and Mesoblast rose sharply after its therapy

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Adam Lang: to treat children for complications that could occur during bone

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Adam Lang: marrow transplants got formal recognition from the United States Medicare

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Adam Lang: and Medicaid Services. Story number two. Tech billionaire Mike Cannon-Brookes's

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Adam Lang: private company has voted against AGL Energy's latest climate plan

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Adam Lang: as the group's biggest shareholders grow frustrated over the pace

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Adam Lang: of action to cut emissions. Grok Ventures, which owns about

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Adam Lang: ten point four percent of AHL, criticised the new twenty

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Adam Lang: twenty five plan as including an only incremental increase in

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Adam Lang: ambitions from the twenty twenty two version and being out

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Adam Lang: of step with the binding climate goals agreed at the

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Adam Lang: UN Climate Change Conference in Paris in twenty fifteen. Grok

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Adam Lang: Ventures urged the board to adopt stronger steps to cut

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Adam Lang: emissions and boost renewable energy to the benefit of AGL shareholders. Overall,

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Adam Lang: thirty percent of AGL shareholders, voting by proxy at AGL's

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Adam Lang: annual general meeting today opposed the Climate Transition Action Plan.

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Adam Lang: AGL has kept essentially the same timetable for closing its

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Adam Lang: two remaining coal power stations in New South Wales and

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Adam Lang: Victoria as in the twenty twenty two climate plan. Story

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Adam Lang: number three Tesla's share price fell after the electric vehicle

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Adam Lang: maker posted a record quarter of sales that will be

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Adam Lang: difficult to replicate now that the federal electric car subsidies

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Adam Lang: in the US have expired. The company delivered four hundred

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Adam Lang: and ninety seven thousand and ninety nine vehicles worldwide in

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Adam Lang: the most recent quarter, and that is seven point four

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Adam Lang: percent more than a year ago, which was a head

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Adam Lang: of expectations. A rush to take advantage of a US

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Adam Lang: seven thousand five hundred dollars tax credit for EV purchases

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Adam Lang: delivered a temporary boost to Tesla's core automotive business, which

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Adam Lang: had struggled for several quarters under the weight of an

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Adam Lang: aging lineup and rising competition. The company also faced a

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Adam Lang: consumer backlash to chief executive Elon Musk working closely with

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Adam Lang: US President Donald Trump in the early part of this year.

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Adam Lang: Analysts say they are now focusing more not on the

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Adam Lang: EV part of Tesla, but the potential profit from the

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Adam Lang: group's robotaxi, artificial intelligence and robotics ventures, which Musk has

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Adam Lang: said will drive the company's future market value. Story Number

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Adam Lang: four retailers in Japan are warning customers of possible Asahi

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Adam Lang: Super Dry beer shortages after a cyber attack paralyzed production

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Adam Lang: and distribution of the brew. Shoppers at some seven to

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Adam Lang: eleven stores are seeing notices that shipments of the country's

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Adam Lang: most popular beer had been suspended. According to Bloomberg, the

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Adam Lang: disruption shows how Japan's food and beverage sector depends on intricate,

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Adam Lang: logistical and digital supply chains, where a single cyber attack

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Adam Lang: can cause ripples from factory floors to convenience store shelves.

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Adam Lang: Asahi's troubles carried outsize weight given Super Dry's dominant market

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Adam Lang: share and the cutthroat competition among Japan's major brewers. Assay

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Adam Lang: he halted production at some of its factories on Monday

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Adam Lang: after the cyber attack hobbled its ordering and delivery system,

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Adam Lang: and assay he has no timeline when it would be

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Adam Lang: able to get its systems back online. Story number five.

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Adam Lang: This one is as much about popular culture as it

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Adam Lang: is about business, and the pop music world is talking

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Adam Lang: about it. Taylor Swift has released her much anticipated twelfth

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Adam Lang: studio album, The Life of a Showgirl. The record was

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Adam Lang: made available on music platforms including Spotify, Apple Music and

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Adam Lang: YouTube at two pm Australian Eastern Standard time. The Life

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Adam Lang: of the Showgirl encompasses multiple variants across CDs, vinyl, and tapes,

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

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

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

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Adam Lang: earlier work, and staged the most successful tour in pop history.

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Adam Lang: More recently, she became engaged to her NFL athlete partner,

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Adam Lang: Travis Kelce. It's not quite a merger, more a partnership.

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Adam Lang: That's it for the Afternoon Report for Friday, the third

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Adam Lang: of October twenty twenty five. Make sure you hit follow

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

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Adam Lang: weekend edition of The Fast Five. I'm Adam Lang. Enjoy

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Adam Lang: your evening