1 00:00:04,160 --> 00:00:07,120 Speaker 1: Welcome to the Fear and Greed Business News Afternoon Report 2 00:00:07,160 --> 00:00:09,840 Speaker 1: for Tuesday, the twenty third of September twenty twenty five. 3 00:00:10,000 --> 00:00:12,799 Speaker 1: Are Michael Thompson. Every afternoon, We've got the five stories 4 00:00:12,800 --> 00:00:14,760 Speaker 1: that happen today that you need to know about. So 5 00:00:15,000 --> 00:00:17,040 Speaker 1: let's go a story number one. It is all about 6 00:00:17,079 --> 00:00:20,079 Speaker 1: markets today. The S and PA Sex two hundred climbed 7 00:00:20,239 --> 00:00:24,040 Speaker 1: zero point four percent to eight hundred and forty six 8 00:00:24,120 --> 00:00:27,080 Speaker 1: points after a very strong lead in from Wall Street overnight. 9 00:00:27,440 --> 00:00:30,000 Speaker 1: Eight of the eleven sectors on the local boss finished 10 00:00:30,040 --> 00:00:33,239 Speaker 1: the day higher, led by the bank's Comwealth Bank, NAB, Westpac, 11 00:00:33,280 --> 00:00:35,800 Speaker 1: A and Z all up between zero points seven and 12 00:00:36,000 --> 00:00:39,080 Speaker 1: one percent today. There's another new record for the price 13 00:00:39,120 --> 00:00:41,800 Speaker 1: of gold today as well. The precious metal just seems 14 00:00:41,840 --> 00:00:45,000 Speaker 1: to keep on going. It hit three thousand, seven hundred 15 00:00:45,000 --> 00:00:48,080 Speaker 1: and forty nine US dollars, an ounce that of course 16 00:00:48,120 --> 00:00:51,320 Speaker 1: flowed through to the local gold miners, with Emerald resources 17 00:00:51,360 --> 00:00:54,160 Speaker 1: up more than five percent. West Gold, Perseus and Romilius 18 00:00:54,160 --> 00:00:57,280 Speaker 1: all climbing as well. A couple of stocks worth a mention. 19 00:00:57,760 --> 00:01:01,680 Speaker 1: Meyer's shares tumbled twenty five percent today after the department 20 00:01:01,720 --> 00:01:05,360 Speaker 1: store reported a thirty percent drop in annual profit that 21 00:01:05,520 --> 00:01:09,680 Speaker 1: was well below expectations. Telix Pharmaceuticals climbed more than nine 22 00:01:09,680 --> 00:01:11,400 Speaker 1: percent after it had some good news out of the 23 00:01:11,480 --> 00:01:15,600 Speaker 1: US for its prostate cancer imaging product and online luxury 24 00:01:15,600 --> 00:01:19,840 Speaker 1: fashion retailer set Hire. Its share price soared nearly nineteen 25 00:01:19,880 --> 00:01:24,120 Speaker 1: percent today after founder and CEO Dan Mintz bought more 26 00:01:24,160 --> 00:01:27,560 Speaker 1: shares in the company. Under story number two, and Prime 27 00:01:27,600 --> 00:01:30,880 Speaker 1: Minister Anthony Albernizi has been snubbed in New York, with 28 00:01:30,920 --> 00:01:33,880 Speaker 1: the White House confirming President Trump has no plans to 29 00:01:33,920 --> 00:01:37,120 Speaker 1: meet him during the UN General Assembly. Trump will instead 30 00:01:37,240 --> 00:01:40,800 Speaker 1: meet leaders from Ukraine, Argentina, the EU, and several Middle 31 00:01:40,800 --> 00:01:44,319 Speaker 1: Eastern nations. At best, albo Ma get a handshake at 32 00:01:44,319 --> 00:01:48,000 Speaker 1: a reception for world leaders tomorrow morning Australian time. The 33 00:01:48,040 --> 00:01:52,280 Speaker 1: snub comes as Trump slammed Australia's decision to recognize a 34 00:01:52,280 --> 00:01:56,840 Speaker 1: Palestinian state, saying it rewards humas at home. Oppositionally to 35 00:01:56,880 --> 00:02:01,320 Speaker 1: Susan Lee has backed Trump's stance, prompting Foreign Minister Penny 36 00:02:01,320 --> 00:02:04,720 Speaker 1: Wong to accuse her of running a rogue foreign policy 37 00:02:05,560 --> 00:02:08,359 Speaker 1: onto story number three now, and drug maker Novah nor 38 00:02:08,440 --> 00:02:11,600 Speaker 1: Disk has asked the Federal government to subsidize its weight 39 00:02:11,639 --> 00:02:14,840 Speaker 1: loss drug we Govi for up to five hundred thousand 40 00:02:14,880 --> 00:02:18,440 Speaker 1: Australian to our obese and living with heart disease. Currently, 41 00:02:18,480 --> 00:02:22,000 Speaker 1: the drugs are only subsidized for type two diabetes. The 42 00:02:22,080 --> 00:02:25,480 Speaker 1: submission to the Pharmaceutical Benefits Advisory Committee would see the 43 00:02:25,560 --> 00:02:28,520 Speaker 1: taxpayer cover most of the monthly cost of the drug, 44 00:02:28,720 --> 00:02:31,600 Speaker 1: which currently runs between three hundred and forty five dollars 45 00:02:31,639 --> 00:02:35,360 Speaker 1: and six hundred and forty five dollars. Novo says wider 46 00:02:35,400 --> 00:02:39,600 Speaker 1: access could prevent repeat heart attacks and strokes, arguing cardiovascular 47 00:02:39,639 --> 00:02:42,880 Speaker 1: disease and obesity are closely linked. The committee will hand 48 00:02:42,960 --> 00:02:46,280 Speaker 1: down its advice in November. Rival drug maker Eli Lilly 49 00:02:46,360 --> 00:02:49,040 Speaker 1: is also pushing for its obesity drug to be listed. 50 00:02:49,720 --> 00:02:52,280 Speaker 1: Story number four one out of New South Wales where 51 00:02:52,320 --> 00:02:55,160 Speaker 1: a police officer has been charged with assault after the 52 00:02:55,240 --> 00:02:58,880 Speaker 1: arrest of former Green's candidate Hannah Thomas at a pro 53 00:02:59,040 --> 00:03:03,040 Speaker 1: Palestinian pro test in Sydney in June. Thomas claims she 54 00:03:03,160 --> 00:03:05,800 Speaker 1: was punched in the eye during the demonstration outside a 55 00:03:05,800 --> 00:03:09,480 Speaker 1: defense supplier, leaving her a serious injuries. The thirty five 56 00:03:09,560 --> 00:03:12,919 Speaker 1: year old had charges against her dropped earlier this month 57 00:03:12,960 --> 00:03:15,520 Speaker 1: and she was awarded twenty two thousand dollars in legal costs. 58 00:03:15,880 --> 00:03:19,320 Speaker 1: The officer, a senior constable, will face court in November. 59 00:03:19,560 --> 00:03:23,440 Speaker 1: Police say his employment status is under review, while Greens 60 00:03:23,520 --> 00:03:26,760 Speaker 1: MPs have called for wider accountability over the handling of 61 00:03:26,800 --> 00:03:30,400 Speaker 1: protests and finally, story number five Big one out of 62 00:03:30,400 --> 00:03:33,640 Speaker 1: the States today, President Donald Trump has warned pregnant women 63 00:03:33,760 --> 00:03:36,400 Speaker 1: to avoid a set of minifan, which is known here 64 00:03:36,680 --> 00:03:40,240 Speaker 1: more commonly as paracetamol, claiming that it may be linked 65 00:03:40,280 --> 00:03:44,480 Speaker 1: to autism now. The President held a major press conference 66 00:03:44,560 --> 00:03:47,920 Speaker 1: at the White House alongside Health Secretary Robert F. Kennedy Junior, 67 00:03:48,320 --> 00:03:51,400 Speaker 1: where he declared that the drug should only be taken 68 00:03:51,480 --> 00:03:55,360 Speaker 1: if medically necessary. Medical experts have rejected the claim, saying 69 00:03:55,400 --> 00:04:00,400 Speaker 1: there is no clear evidence of harm linking paracetamol two oritism, 70 00:04:00,680 --> 00:04:03,360 Speaker 1: but Trump has ordered new warning labels and a public 71 00:04:03,360 --> 00:04:07,080 Speaker 1: awareness campaign. Shares in Kenview, which is the maker of 72 00:04:07,120 --> 00:04:10,480 Speaker 1: Tail and Old, the big brand in the US, slumped 73 00:04:10,520 --> 00:04:14,560 Speaker 1: more than seven percent before recovering some ground. The President 74 00:04:14,600 --> 00:04:18,719 Speaker 1: also suggested changes to vaccine schedules for children, continuing his 75 00:04:18,839 --> 00:04:24,200 Speaker 1: administration's controversial push to overhaul public health guidance. That's it 76 00:04:24,240 --> 00:04:26,680 Speaker 1: for the afternoon Report for Tuesday, the twenty third of 77 00:04:26,720 --> 00:04:29,599 Speaker 1: September twenty twenty five. Make sure you hit follow on 78 00:04:29,640 --> 00:04:31,599 Speaker 1: the podcast and we'll be back tomorrow morning with the 79 00:04:31,640 --> 00:04:34,160 Speaker 1: Wednesday edition of the Fast Fired Business News by Fear 80 00:04:34,160 --> 00:04:36,960 Speaker 1: and Greed. I'm Michaele Thompson. Enjoy your evening.