1 00:00:05,080 --> 00:00:07,720 Speaker 1: This is what the Flux I'm brand and I'm justin 2 00:00:07,800 --> 00:00:09,680 Speaker 1: and a Monday, the fourth of August does it. 3 00:00:09,880 --> 00:00:13,120 Speaker 2: Australia has been spared by the US in the tariff walls, 4 00:00:13,160 --> 00:00:16,160 Speaker 2: well kind of, you see. Back in April, Trump whacked 5 00:00:16,160 --> 00:00:19,400 Speaker 2: a ten percent reciprocal tariff on all Australian goods exploded 6 00:00:19,440 --> 00:00:21,759 Speaker 2: into the US and then said he'll make a decision 7 00:00:21,760 --> 00:00:24,640 Speaker 2: whether to increase it in ninety days. Well, ninety days 8 00:00:24,640 --> 00:00:27,080 Speaker 2: has coming gone, and Trump has decided to keep Australia's 9 00:00:27,080 --> 00:00:29,920 Speaker 2: tariff at ten percent. Okay, And while it's not necessarily 10 00:00:30,080 --> 00:00:32,080 Speaker 2: good news to pay this new ten percent tariff, it's 11 00:00:32,080 --> 00:00:34,479 Speaker 2: certainly not as bad as India's twenty five percent or 12 00:00:34,600 --> 00:00:35,960 Speaker 2: Canada's thirty five percent. 13 00:00:36,440 --> 00:00:39,120 Speaker 1: That's really got a hot flam. If you've been promising 14 00:00:39,159 --> 00:00:40,720 Speaker 1: yourself that you want to get on top of your spending, 15 00:00:40,760 --> 00:00:42,600 Speaker 1: see where your money's going, at the beginning of the 16 00:00:42,600 --> 00:00:44,640 Speaker 1: month is the perfect time to do it. And we've 17 00:00:44,720 --> 00:00:47,080 Speaker 1: just ticked over into August. The Flux Budgeting TOIL helps 18 00:00:47,120 --> 00:00:49,120 Speaker 1: you track all your spending in the one spot. It 19 00:00:49,200 --> 00:00:51,920 Speaker 1: categorizes all your expenses. You can see where you're spending, 20 00:00:52,000 --> 00:00:53,640 Speaker 1: how much is spending. So if you want to start 21 00:00:53,680 --> 00:00:55,560 Speaker 1: tracking your money better so you can save more, make 22 00:00:55,560 --> 00:00:57,400 Speaker 1: sure to download the Flux app and check out the 23 00:00:57,400 --> 00:00:58,080 Speaker 1: budgeting tool. 24 00:00:58,160 --> 00:01:01,480 Speaker 2: Three distinctive stories today juzzy boy, let's do it for 25 00:01:01,600 --> 00:01:05,080 Speaker 2: our first. ResMed has beaten full year earnings and its 26 00:01:05,120 --> 00:01:08,920 Speaker 2: revenue forecast, thank you to a growth in snores around 27 00:01:09,000 --> 00:01:09,440 Speaker 2: the world. 28 00:01:09,440 --> 00:01:12,479 Speaker 1: It's like bedtime just got serious. B man financially speaking, 29 00:01:12,480 --> 00:01:14,080 Speaker 1: of course, so tell me what okay so. 30 00:01:14,160 --> 00:01:17,560 Speaker 2: ResMed was founded back in nineteen eighty nine by scientist 31 00:01:17,560 --> 00:01:20,080 Speaker 2: Peter Farrell in Sydney after he acquired a small piece 32 00:01:20,120 --> 00:01:22,520 Speaker 2: of sleep apnea tech from the company that he used 33 00:01:22,560 --> 00:01:23,440 Speaker 2: to work for and be Man. 34 00:01:23,480 --> 00:01:26,199 Speaker 1: Since then, Resmet has grown to make a whole range 35 00:01:26,200 --> 00:01:27,120 Speaker 1: of medical gear. 36 00:01:27,000 --> 00:01:29,840 Speaker 2: But of course they're most famous for their seapap machines, 37 00:01:29,880 --> 00:01:33,000 Speaker 2: which help people with sleep apnea to breathe better at night. 38 00:01:33,080 --> 00:01:36,440 Speaker 2: They also make masks, humidifiers, and sleep tracking tools and 39 00:01:36,560 --> 00:01:40,120 Speaker 2: jazzy boy. Snores are booming because Resme just released some 40 00:01:40,160 --> 00:01:41,960 Speaker 2: smashing results for FY twenty five. 41 00:01:42,040 --> 00:01:44,520 Speaker 1: YEP it's net profit jump thirty seven percent to one 42 00:01:44,520 --> 00:01:46,399 Speaker 1: point four billion US dollars. 43 00:01:46,040 --> 00:01:48,480 Speaker 2: And revenue climb ten percent to five point one bill. 44 00:01:48,560 --> 00:01:51,120 Speaker 1: So now they're increasing their share buybacks and lifting their 45 00:01:51,120 --> 00:01:52,680 Speaker 1: dividend by thirteen percent. 46 00:01:52,760 --> 00:01:55,960 Speaker 2: Fair to say, ResMed investors are snoozing very happily. 47 00:01:56,080 --> 00:01:58,080 Speaker 1: Yeah, and while there was fear that weight loss drugs 48 00:01:58,120 --> 00:02:01,080 Speaker 1: could kill the demand for seapap machines, ResMed reckon. This 49 00:02:01,160 --> 00:02:02,720 Speaker 1: is totally overblow. 50 00:02:02,360 --> 00:02:05,000 Speaker 2: And I guess, Juzi boy, the results really speak for themselves. 51 00:02:05,040 --> 00:02:06,440 Speaker 1: So what is the key learning here? 52 00:02:06,520 --> 00:02:09,440 Speaker 2: Sometimes the threat to your business can end up becoming 53 00:02:09,480 --> 00:02:10,400 Speaker 2: a new growth channel. 54 00:02:10,480 --> 00:02:12,680 Speaker 1: Yet this be man. Weight loss drugs like Ozenbig. We're 55 00:02:12,680 --> 00:02:15,320 Speaker 1: seen as a major risk to RESMD because losing weight 56 00:02:15,400 --> 00:02:17,160 Speaker 1: can improve sleep apnea symptoms. 57 00:02:17,160 --> 00:02:19,240 Speaker 2: But juzyboy, the opposite actually happened, didn't it. 58 00:02:19,160 --> 00:02:21,280 Speaker 1: It did. People started going to their doctors for weight 59 00:02:21,320 --> 00:02:24,160 Speaker 1: loss drugs and were being diagnosed with sleep issues. 60 00:02:24,320 --> 00:02:28,040 Speaker 2: Crazy, and they were getting prescribed with Resmed's devices too. 61 00:02:28,000 --> 00:02:31,320 Speaker 1: So instead of cannibalizing demand, these drugs are actually helping 62 00:02:31,400 --> 00:02:33,680 Speaker 1: identify more patients who need treatment. 63 00:02:33,720 --> 00:02:36,200 Speaker 2: In fact, research shows that eleven percent of patients on 64 00:02:36,240 --> 00:02:40,400 Speaker 2: weight loss drugs also start on treatment for their airways. 65 00:02:40,040 --> 00:02:41,600 Speaker 1: Like RESMD seebat machine. 66 00:02:41,600 --> 00:02:43,960 Speaker 2: So, Juzi boy, it's a handy reminder that in healthcare, 67 00:02:44,000 --> 00:02:46,079 Speaker 2: fixing one thing often uncovers another, and. 68 00:02:46,040 --> 00:02:48,680 Speaker 1: For ResMed, the boom in weight loss drugs might actually 69 00:02:48,720 --> 00:02:49,399 Speaker 1: be helping them. 70 00:02:49,480 --> 00:02:53,240 Speaker 2: For our second story, Figma, the design software has tripled 71 00:02:53,280 --> 00:02:56,360 Speaker 2: its market cap on its IPO debut in one of 72 00:02:56,360 --> 00:02:59,399 Speaker 2: the biggest first day pops for a US software company ever. 73 00:02:59,600 --> 00:03:01,800 Speaker 1: Go you good design software, be man. So what is 74 00:03:01,840 --> 00:03:02,640 Speaker 1: going on here? Right? 75 00:03:02,639 --> 00:03:05,200 Speaker 2: So? Figma was founded in twenty twelve and became famous 76 00:03:05,200 --> 00:03:07,200 Speaker 2: for its cloud based design software. 77 00:03:06,840 --> 00:03:09,520 Speaker 1: Which replaced old school file sharing designs. 78 00:03:09,600 --> 00:03:11,920 Speaker 2: I'll send you design file version one, you send me 79 00:03:11,960 --> 00:03:14,959 Speaker 2: back design file version one point one, and then I'll 80 00:03:14,960 --> 00:03:16,639 Speaker 2: send you back version one point two. 81 00:03:16,840 --> 00:03:19,240 Speaker 1: None of that with Figma. It's essentially like Google Docs, 82 00:03:19,240 --> 00:03:22,399 Speaker 1: but for designers with pantone color obsession and juzzy boy. 83 00:03:22,480 --> 00:03:24,840 Speaker 2: Since its launched, Figma has grown to over four million 84 00:03:24,960 --> 00:03:27,720 Speaker 2: users worldwide. But now Figma has listed on the NASDAC 85 00:03:27,800 --> 00:03:29,920 Speaker 2: late last week and popped to a market cap of 86 00:03:29,960 --> 00:03:32,239 Speaker 2: over forty five billion US dollars. 87 00:03:31,960 --> 00:03:34,760 Speaker 1: Pop that Adobe, It listed an issue price of thirty 88 00:03:34,760 --> 00:03:36,800 Speaker 1: three dollars per share. By the end of day one, 89 00:03:37,000 --> 00:03:39,680 Speaker 1: the shares closed at over one hundred and fifteen US 90 00:03:39,680 --> 00:03:40,680 Speaker 1: dollars per share. 91 00:03:40,400 --> 00:03:42,320 Speaker 2: In other words, more than two hundred and fifty percent 92 00:03:42,400 --> 00:03:43,960 Speaker 2: higher than its listing price, and. 93 00:03:43,880 --> 00:03:46,000 Speaker 1: That gives it the biggest first day pop for a 94 00:03:46,080 --> 00:03:48,800 Speaker 1: US software IPO, raising over a billion dollars in at 95 00:03:48,880 --> 00:03:50,040 Speaker 1: least thirty years. 96 00:03:50,240 --> 00:03:52,080 Speaker 2: Huge juzzy boy. So what's the key learning here? 97 00:03:52,120 --> 00:03:55,080 Speaker 1: Going public isn't just about high It's about managing supply 98 00:03:55,320 --> 00:03:58,240 Speaker 1: demand and setting a price based on what investors are 99 00:03:58,240 --> 00:03:58,800 Speaker 1: willing to pay. 100 00:03:58,880 --> 00:04:01,320 Speaker 2: In Figma's case, the company offered thirty six point nine 101 00:04:01,360 --> 00:04:03,760 Speaker 2: million shares to the public at a price of thirty 102 00:04:03,800 --> 00:04:04,720 Speaker 2: three bucks per share. 103 00:04:04,840 --> 00:04:08,000 Speaker 1: But the demand for the shares at that price was wild. 104 00:04:07,680 --> 00:04:10,440 Speaker 2: And the IPO was more than forty times over subscribe 105 00:04:10,480 --> 00:04:10,960 Speaker 2: and be man. 106 00:04:11,000 --> 00:04:13,520 Speaker 1: With that kind of frenzy, it usually causes a pop 107 00:04:13,560 --> 00:04:15,920 Speaker 1: with a share price rockets on the first day of trading, 108 00:04:15,960 --> 00:04:17,960 Speaker 1: and you may remember, be Man. A similar thing happened 109 00:04:17,960 --> 00:04:20,960 Speaker 1: with Airbnb in twenty twenty. It shares more than doubled 110 00:04:21,000 --> 00:04:22,279 Speaker 1: on day one of its listing. 111 00:04:22,480 --> 00:04:24,640 Speaker 2: Yes, they listed at sixty eight bucks per share, and 112 00:04:24,680 --> 00:04:27,280 Speaker 2: they finished that day at one hundred and forty six 113 00:04:27,360 --> 00:04:28,159 Speaker 2: dollars per year. 114 00:04:28,200 --> 00:04:30,480 Speaker 1: But now they're actually just below that one hundred and 115 00:04:30,520 --> 00:04:31,799 Speaker 1: forty six dollars share price. 116 00:04:31,680 --> 00:04:34,560 Speaker 2: So sometimes the day one price is more hype than 117 00:04:34,839 --> 00:04:35,719 Speaker 2: long term value. 118 00:04:35,720 --> 00:04:38,400 Speaker 1: The real challenge for companies like Figma is proving they're 119 00:04:38,400 --> 00:04:42,159 Speaker 1: worth the buzz. For our third and final story, Novo Nordisic, 120 00:04:42,279 --> 00:04:45,440 Speaker 1: the company behind Ozembia, has seen its market value slash 121 00:04:45,480 --> 00:04:49,479 Speaker 1: by over sixty billion euro after investors worry it's losing 122 00:04:49,560 --> 00:04:52,520 Speaker 1: in the obesity drug race. Another twist in the weight 123 00:04:52,640 --> 00:04:55,479 Speaker 1: loss was tell me more. Okay, So NVA notice is 124 00:04:55,520 --> 00:04:58,320 Speaker 1: the Danish farmer company. It's been kicking around since nineteen 125 00:04:58,400 --> 00:04:59,080 Speaker 1: twenty three. 126 00:04:58,920 --> 00:05:00,680 Speaker 2: And does it wait? It's fair to st they were 127 00:05:00,720 --> 00:05:03,760 Speaker 2: just ticking things over until more recently. 128 00:05:03,920 --> 00:05:07,520 Speaker 1: Yep. That's when Nva Nordisk developed a diabetes drug called Ozimpit, 129 00:05:07,640 --> 00:05:10,000 Speaker 1: and while it helped people manage type two diabetes, it 130 00:05:10,080 --> 00:05:12,640 Speaker 1: also helped people lose bucket loads of weight, and the 131 00:05:12,640 --> 00:05:15,400 Speaker 1: growth of the diabetes and weight loss drugs made Nova 132 00:05:15,400 --> 00:05:17,920 Speaker 1: Nordic the most valuable company in Europe for a hot 133 00:05:17,960 --> 00:05:18,800 Speaker 1: minute last year. 134 00:05:18,680 --> 00:05:21,640 Speaker 2: But joseboit late last week, Novo Nordice cut its full 135 00:05:21,720 --> 00:05:24,720 Speaker 2: year sales and profit forecasts for the second time this year, 136 00:05:24,800 --> 00:05:27,200 Speaker 2: might I add, and investors sped out their green juices. 137 00:05:27,279 --> 00:05:29,480 Speaker 2: The share price fell thirty percent in one day, and 138 00:05:29,520 --> 00:05:32,240 Speaker 2: why more than sixty billion euro from its value and 139 00:05:32,320 --> 00:05:34,040 Speaker 2: what was the reason? Well, weight loss drugs in the 140 00:05:34,120 --> 00:05:37,480 Speaker 2: US are growing very quickly. That's good, but Novo Nordisk 141 00:05:37,560 --> 00:05:40,360 Speaker 2: growth is slowing quickly as well. So jusei boy, it 142 00:05:40,400 --> 00:05:43,159 Speaker 2: seems like the competitive moat held by Novo Nordisk is 143 00:05:43,160 --> 00:05:44,120 Speaker 2: no longer moting. 144 00:05:44,279 --> 00:05:45,600 Speaker 1: So what is the key learning here? 145 00:05:45,640 --> 00:05:48,400 Speaker 2: A competitive moat is a company's ability to maintain its 146 00:05:48,520 --> 00:05:51,200 Speaker 2: edge over rivals. For example, it can be built on 147 00:05:51,360 --> 00:05:53,160 Speaker 2: being the first mover in a market, or it could 148 00:05:53,200 --> 00:05:56,320 Speaker 2: be based on IP like patents, or even the effort 149 00:05:56,440 --> 00:05:59,640 Speaker 2: and cost of switching products. Novo Nordice once had a 150 00:05:59,680 --> 00:06:01,719 Speaker 2: strong mote with Wegovi and Ozempi. 151 00:06:01,880 --> 00:06:03,960 Speaker 1: Yep. They were early, they were effective, and they had 152 00:06:03,960 --> 00:06:04,520 Speaker 1: their own IP. 153 00:06:04,720 --> 00:06:06,600 Speaker 2: But motes can shrink, especially. 154 00:06:06,279 --> 00:06:09,159 Speaker 1: When rivals like Eli Lily rock up with newer drugs 155 00:06:09,320 --> 00:06:10,480 Speaker 1: supposedly work better. 156 00:06:10,560 --> 00:06:14,240 Speaker 2: In Novo's case, its mote was weakened by two main threats. 157 00:06:13,880 --> 00:06:17,520 Speaker 1: Elai Lily roche Astrozenicat. They've all launched very similar products 158 00:06:17,520 --> 00:06:18,919 Speaker 1: to compete in the weight loss market. 159 00:06:18,960 --> 00:06:21,760 Speaker 2: And secondly, the US market has been flooded with generic 160 00:06:21,839 --> 00:06:25,000 Speaker 2: versions of the weight loss drugs that are often significantly cheaper. 161 00:06:25,080 --> 00:06:27,640 Speaker 1: In fact, prescription data from July this year showed that 162 00:06:27,680 --> 00:06:30,279 Speaker 1: ozempic slipped below fifty percent market share of the weight 163 00:06:30,279 --> 00:06:31,960 Speaker 1: loss market for the very first time. 164 00:06:32,080 --> 00:06:34,240 Speaker 2: So while Novo was once the poster child of the 165 00:06:34,279 --> 00:06:37,600 Speaker 2: weight loss revolution, it's now being bitten in the very race. 166 00:06:37,760 --> 00:06:39,839 Speaker 1: It helped us start fluxdam If you look at your 167 00:06:39,839 --> 00:06:42,080 Speaker 1: bank account every month and think where did my money 168 00:06:42,120 --> 00:06:44,240 Speaker 1: go this month? There is only one solution. It is 169 00:06:44,320 --> 00:06:46,680 Speaker 1: the Flux Budgeting tool breaks down your spending, tells you 170 00:06:46,720 --> 00:06:48,680 Speaker 1: how much you spending these different categories, so you may 171 00:06:48,720 --> 00:06:50,640 Speaker 1: shure to download the Flux app and check out the 172 00:06:50,680 --> 00:06:51,279 Speaker 1: budgeting tool. 173 00:06:51,320 --> 00:06:53,880 Speaker 2: Thanks for listening and we'll see you on Wednesday.