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Speaker 1: It's Wednesday, the twenty eighth of May twenty twenty five.

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Speaker 1: Welcome to the Fast five Business News by Fear and Greed,

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Speaker 1: where we give you the top five business stories you

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Speaker 1: need to know. When it's five minutes, I'm Michael Thompson

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Speaker 1: and good morning.

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Speaker 2: Sean Aylmer, Good morning Michael Shawn.

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Speaker 1: Five big stories to get through in just five minutes.

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Speaker 1: To get cracking. With story number one, Telstra is going

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Speaker 1: big into artificial intelligence, with Chief Executive Vicky Brady outlining

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Speaker 1: a five year plan aimed at repositioning the telco as

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Speaker 1: a business focused on connectivity and infrastructure operations.

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Speaker 2: A five year strategy called Connected at Future thirty wants

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Speaker 2: to double down on connectivity and radically innovate Telstra's core business.

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Speaker 2: Telstra wants to be the number one choice for connectivity,

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Speaker 2: so we're not just going to be hearing lots about

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Speaker 2: mobile phones and landlines and enterprise solutions in the future.

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Speaker 2: We're going to hear a lot about connectivity. Three parts

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Speaker 2: to it, customer engagement, getting closer to that network as

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Speaker 2: a product, so getting as many people be part of

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Speaker 2: the Telstra ecosystem as possible. Like Apple is the the

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Speaker 2: beacon for many tech companies in terms of what they've

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Speaker 2: done digital infrastructure. Telstra wants to be the leading network

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Speaker 2: capture value from it once, to be in the top

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Speaker 2: twenty five percent of global enterprises in AI maturity by

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Speaker 2: twenty thirty. Behind all this is changing customer demands. People

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Speaker 2: want flexibility, whether they're watching a streaming service on the

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Speaker 2: train on the way home, driving an EV on the freeway,

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Speaker 2: recording a podcast in western New South of past for example.

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Speaker 2: Telstra says it needs to meet all these demands as

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Speaker 2: seamlessly as possible.

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Speaker 1: And that all makes sense, But it seems like Telstra

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Speaker 1: doesn't just want to offer five G and fiber optic communications,

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Speaker 1: that wants to own the digital infrastructure.

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Speaker 2: Yeah, it's Telsterra's big play. It's Infraco business wants to

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Speaker 2: deliver inner city fiber optic cable it. If it owns

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Speaker 2: the infrastructure, it can clip the ticket when people use it.

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Speaker 2: It's very much reversal form of CEO Andy Penn's plans,

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Speaker 2: which I think were to sell off the infrastructure asset.

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Speaker 2: So the current CEO, Vicky Brady, is determined to keep them.

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Speaker 2: She says demand for connectivity is growing will continue to

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Speaker 2: do so. Ultimately, it can discriminate on pricing. So a

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Speaker 2: gamer might want to pay more for high speed uploads

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Speaker 2: and downloads for a few hours, and they can charge it.

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Speaker 2: That's what this is all about, tell Us for share

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Speaker 2: prices now it's highest since twenty seven eighteen, up to

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Speaker 2: thirty three percent of the past year.

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Speaker 1: On to story number two. This one's from politics. Sean

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Speaker 1: Tasmanian Senator Jackie Lamby has retained her Senate seat after

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Speaker 1: speculation that she could lose it to One Nation candidate

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Speaker 1: Lee Hanson, who's the daughter of party leader Paula and Hanson.

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Speaker 2: Two of the six Tasmanian Senate spots, were in doubt

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Speaker 2: for weeks, leaving Lamby in limbo alongside Liberal Richard Kolbeck.

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Speaker 2: He's also been returned. Despite her return, Labour's likely to

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Speaker 2: negotiate with either the Greens or Coalition in the Senate,

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Speaker 2: as support from either group would be enough for the

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Speaker 2: government to pass legislation, diminishing the power that independence. Like Lamby,

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Speaker 2: the other one being David Pocock, they'll have less power

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Speaker 2: in this parliament. Meanwhile, Prime Minister at Scott Morrison, the

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Speaker 2: founder of the landmark ORCUSS agreement has proposed taking the

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Speaker 2: Security Partnership into the space domain to bolster its effectiveness

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Speaker 2: as a military deterrent and make Australia a more valuable ally.

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Speaker 1: Storing number three, tab Corps has lost a few fremes

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Speaker 1: among publicans, with the group proposing to drop all commissions

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Speaker 1: for hotels hosting TAB Corps wagering venues.

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Speaker 2: Tab Corp is desperate to cut costs and up revenue.

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Speaker 2: This is part of it. Rather than paying these commissions,

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Speaker 2: tab Corp will host a bunch of new promotions only

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Speaker 2: available to punters in pubs. So with the hotel losers

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Speaker 2: on commission the theories they make it up on sales.

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Speaker 2: It's going to be called tab Time on Saturday, could

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Speaker 2: be on a Thursday, still called tap time on a Saturday.

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Speaker 2: Thirty seven hundred pubs in clubs around the country will

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Speaker 2: be affected.

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Speaker 1: This next story story number four. Eighty five percent of

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Speaker 1: Australians sean have at least three types of PFAS, which

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Speaker 1: is otherwise known as forever chemicals in their bloodstream, with

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Speaker 1: older people more likely to demonstrate the chemicals and males

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Speaker 1: more likely to contain them than females.

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Speaker 2: Forever chemicals probably known as per and polyfloro apcle. Substances

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Speaker 2: are synthetic chemicals. They persist in the environment in human bodies,

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Speaker 2: they don't break down easily. They come from stuff like

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Speaker 2: nonstick cookwareane resistant clothing, firefighting fames a big one. Also

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Speaker 2: in some foods, processed meat to tease Lolly's sports drinks.

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Speaker 2: They hurt immune systems, thyroid functions, livers, kidneys, increase the

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Speaker 2: risk of some cancers. Not something you want now. The

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Speaker 2: ABS tested for eleven types of pfas's to create a

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Speaker 2: baseline for the austraining population. Of the eleven tested, three

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Speaker 2: types are in eighty five percent of US incredible, six

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Speaker 2: types in ten percent, the remaining two types somewhere in between.

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Speaker 2: The good news is that the three most prevalent pfas

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Speaker 2: is analyzed are less prominent in Australia than in North

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Speaker 2: America and Europe.

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Speaker 1: Yeah, still a bit scary. Last one story number five,

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Speaker 1: The Kremlin claimed Donald Trump was showing signs of quote

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Speaker 1: emotional overload after he called Vladimir Putin absolutely crazy following

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Speaker 1: Moscow's largest aerial assault on Ukraine.

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Speaker 2: The US President on truth social said that something has

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Speaker 2: happened to Pertin after Russia kill thirteen in Ukraine with

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Speaker 2: three hundred and sixty seven drones and missiles, I quote

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Speaker 2: Donald Trump, he has gone absolutely crazy, needlessly killing a

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Speaker 2: lot of people. According to the BBC, a spokesperson said

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Speaker 2: the comments were and I quote connected to an emotional

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Speaker 2: overload of everyone involved end quote. Meanwhile, Germany's chancellor said

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Speaker 2: that Ukraine's allies had removed all range limits on supplied

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Speaker 2: arms amid reports Germany will give Kiev Taurus missiles. Effectively,

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Speaker 2: that means that there's few limitations on how Kiev uses

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Speaker 2: the Western Force.

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Speaker 1: Okay, there we go, the top five business stories in

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Speaker 1: five minutes.

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Speaker 2: Thank you Sean, Thank you Michael.

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Speaker 1: It's Wednesday, the twenty eighth of May twenty twenty five.

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Speaker 1: Remembered to hit follow on the podcast and in five

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Speaker 1: morning by six am. I'm Michael Thompson and that was

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Speaker 1: the fast five business news by Fear and Greed. Have

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Speaker 1: a great day