1 00:00:00,520 --> 00:00:04,520 Speaker 1: Already and this is the daily This is the daily os. 2 00:00:05,160 --> 00:00:06,840 Speaker 2: Oh, now it makes sense. 3 00:00:14,640 --> 00:00:17,360 Speaker 3: Good morning, and welcome to the Daily Odds. It's Tuesday, 4 00:00:17,400 --> 00:00:18,600 Speaker 3: the fourteenth of January. 5 00:00:18,640 --> 00:00:20,079 Speaker 2: I'm Zara, I'm Nandini. 6 00:00:20,520 --> 00:00:24,000 Speaker 1: In the US, we've seen a shift among major corporations 7 00:00:24,000 --> 00:00:27,040 Speaker 1: which are walking away from their commitments and policies around 8 00:00:27,120 --> 00:00:31,520 Speaker 1: diversity and inclusion. Over the weekend, Meta, the parent company 9 00:00:31,520 --> 00:00:35,320 Speaker 1: of Facebook, Instagram, and WhatsApp, halted its diversity, equity and 10 00:00:35,360 --> 00:00:40,720 Speaker 1: inclusion programs, or DE programs. Meta ending their DE programs 11 00:00:40,800 --> 00:00:43,880 Speaker 1: means rolling back diversity efforts when it comes to hiring 12 00:00:43,920 --> 00:00:48,640 Speaker 1: new staff, working with suppliers, and increasing representation in leadership positions. 13 00:00:49,240 --> 00:00:52,120 Speaker 1: Just last week we saw McDonald's make a very similar move, 14 00:00:52,240 --> 00:00:55,120 Speaker 1: and also Walmart towards the end of twenty twenty four. 15 00:00:58,560 --> 00:01:01,680 Speaker 3: Okay, so Nandini the reason talking about this today because 16 00:01:01,760 --> 00:01:04,600 Speaker 3: over the weekend, Meta announced that they were walking back 17 00:01:04,680 --> 00:01:09,720 Speaker 3: their diversity and inclusion practices. I want to first focus 18 00:01:09,760 --> 00:01:11,399 Speaker 3: on them, and then I guess go a bit broader 19 00:01:11,400 --> 00:01:15,280 Speaker 3: and understand what is happening across the US that we're 20 00:01:15,319 --> 00:01:18,600 Speaker 3: really seeing here. So just starting off with Meta, who 21 00:01:19,000 --> 00:01:22,000 Speaker 3: we have really dedicated a lot of podcast space too recently. 22 00:01:22,040 --> 00:01:23,360 Speaker 2: But anyway, what. 23 00:01:23,520 --> 00:01:26,120 Speaker 3: Was their announcement over the weekend? What are the changes 24 00:01:26,160 --> 00:01:28,000 Speaker 3: that they are pushing forward here? 25 00:01:28,440 --> 00:01:31,360 Speaker 1: So they issued a statement to their staff citing this 26 00:01:31,600 --> 00:01:36,640 Speaker 1: shift in America's legal and policy landscape surrounding diversity, equity 27 00:01:36,640 --> 00:01:40,840 Speaker 1: and inclusion efforts. It basically said the term DEI has 28 00:01:40,880 --> 00:01:45,520 Speaker 1: become charged as it suggests preferential treatment of some groups 29 00:01:45,560 --> 00:01:49,440 Speaker 1: over others. So Meta has maintained their stance that their 30 00:01:49,480 --> 00:01:52,200 Speaker 1: principles are pretty much the same. They've said that we 31 00:01:52,280 --> 00:01:56,600 Speaker 1: serve everyone, fairness and objectivity for all, and never making 32 00:01:56,680 --> 00:02:00,640 Speaker 1: hiring decisions based on protected characteristics. These are things like 33 00:02:00,760 --> 00:02:01,920 Speaker 1: ethnicity or gender. 34 00:02:02,320 --> 00:02:05,200 Speaker 3: Okay, so there's some pretty lofty language being used there 35 00:02:05,360 --> 00:02:08,960 Speaker 3: about you know, trying to exist amid changing legal and 36 00:02:09,000 --> 00:02:12,560 Speaker 3: policy landscapes and all of you know, the words that 37 00:02:12,560 --> 00:02:15,240 Speaker 3: we have had there. What are they actually doing though, Like, 38 00:02:15,280 --> 00:02:18,520 Speaker 3: what is tangibly changing for people who are trying to 39 00:02:18,560 --> 00:02:20,880 Speaker 3: be hired or work at Meta currently? 40 00:02:21,680 --> 00:02:24,320 Speaker 1: So, firstly, they're no longer going to be using something 41 00:02:24,360 --> 00:02:24,919 Speaker 1: called the. 42 00:02:24,960 --> 00:02:27,000 Speaker 2: Diverse slate approach. What's that? 43 00:02:27,280 --> 00:02:29,919 Speaker 1: And so this is basically a type of hiring method 44 00:02:30,320 --> 00:02:33,840 Speaker 1: which involves a recruitment team going through applicants and making 45 00:02:33,919 --> 00:02:37,360 Speaker 1: a pool of diverse candidates. That sort of represents the 46 00:02:37,360 --> 00:02:40,320 Speaker 1: diversity of an area through a pool of applicants, and 47 00:02:40,360 --> 00:02:44,400 Speaker 1: then the chosen candidate is taken from that specific pool. Okay, 48 00:02:44,560 --> 00:02:46,600 Speaker 1: Meta is saying that they're no longer going to use 49 00:02:46,600 --> 00:02:49,400 Speaker 1: this approach and that instead they're going to continue to 50 00:02:49,440 --> 00:02:52,840 Speaker 1: source candidates from different backgrounds. What approach they'll use, we 51 00:02:52,880 --> 00:02:57,040 Speaker 1: don't know. Alongside changing their approach to ethnic diversity, though, 52 00:02:57,240 --> 00:03:00,840 Speaker 1: Meta has also looked at gender based initiatives, so the 53 00:03:00,880 --> 00:03:04,560 Speaker 1: company has said that it's culling its representation goals for 54 00:03:04,680 --> 00:03:08,800 Speaker 1: women and ethnic minorities. Meta said that these sort of 55 00:03:08,840 --> 00:03:12,440 Speaker 1: goals can create the impression that decisions are being made 56 00:03:12,639 --> 00:03:14,480 Speaker 1: purely on race or gender. 57 00:03:14,280 --> 00:03:15,600 Speaker 2: And that's what Meta's saying here. 58 00:03:15,760 --> 00:03:19,160 Speaker 1: Okay, that's taken directly from their statement. The company also 59 00:03:19,160 --> 00:03:22,040 Speaker 1: had a team that was centered on diversity, equity and inclusion, 60 00:03:22,280 --> 00:03:25,680 Speaker 1: which was headed by women named Maxine Williams. She is 61 00:03:25,720 --> 00:03:28,480 Speaker 1: now being moved into a new position, which Meta says 62 00:03:28,520 --> 00:03:32,040 Speaker 1: is going to focus on accessibility and engagement, So a 63 00:03:32,120 --> 00:03:35,920 Speaker 1: change of language there and focus overall. It looks like 64 00:03:36,040 --> 00:03:38,720 Speaker 1: Meta seems to be taking more of this blanket approach 65 00:03:39,080 --> 00:03:42,840 Speaker 1: where instead of trying to improve diversity by focusing on 66 00:03:42,920 --> 00:03:47,800 Speaker 1: certain minority groups, they are mitigating bias for all their words, 67 00:03:48,200 --> 00:03:50,280 Speaker 1: in the sense that they're focusing on everyone and just 68 00:03:50,320 --> 00:03:53,120 Speaker 1: treating everyone equally. That's sort of their approach or angle 69 00:03:53,160 --> 00:03:53,760 Speaker 1: that they're taking. 70 00:03:54,160 --> 00:03:56,280 Speaker 3: Yeah, it seems to be this like I don't want 71 00:03:56,320 --> 00:03:57,920 Speaker 3: to use the word trend, but it does seem to 72 00:03:57,960 --> 00:04:00,680 Speaker 3: be this trend that is emerging in the US of 73 00:04:01,120 --> 00:04:05,720 Speaker 3: there being huge corporations walking back their commitments to diversity 74 00:04:05,920 --> 00:04:09,800 Speaker 3: and inclusion. You know, we wrote about McDonald's doing the 75 00:04:09,840 --> 00:04:12,480 Speaker 3: same thing just last week. I know that Walmart did 76 00:04:12,520 --> 00:04:15,600 Speaker 3: a similar thing at the end of last year. Can 77 00:04:15,640 --> 00:04:17,840 Speaker 3: you just provide, I guess, a bit of context on 78 00:04:17,960 --> 00:04:20,880 Speaker 3: where this is all coming from, Why is this happening now, 79 00:04:21,120 --> 00:04:22,960 Speaker 3: and what started this shift. 80 00:04:23,680 --> 00:04:25,960 Speaker 1: Let's go back real quick to the nineteen seventies, and 81 00:04:25,960 --> 00:04:28,520 Speaker 1: I want to focus on universities for a second, because 82 00:04:28,560 --> 00:04:31,480 Speaker 1: the US Supreme Court made a decision that would allow 83 00:04:31,680 --> 00:04:36,200 Speaker 1: universities to consider students race when it comes to enrollment applications. 84 00:04:36,680 --> 00:04:40,120 Speaker 1: This is what we call affirmative action. Essentially, it aims 85 00:04:40,160 --> 00:04:44,680 Speaker 1: to correct historic prejudices faced by minority groups by actively 86 00:04:44,760 --> 00:04:48,280 Speaker 1: considering diversity when choosing and going through applicants. 87 00:04:48,480 --> 00:04:50,880 Speaker 3: And so in the US, this was the beginning, I guess, 88 00:04:50,880 --> 00:04:54,479 Speaker 3: of the diversity quota conversation, and that was all around 89 00:04:54,480 --> 00:04:59,359 Speaker 3: affirmative action, and that began happening at universities exactly. 90 00:04:59,520 --> 00:05:03,680 Speaker 1: And so several American universities then started to introduce affirmative 91 00:05:03,720 --> 00:05:07,279 Speaker 1: action programs following this decision that was made about fifty 92 00:05:07,360 --> 00:05:09,720 Speaker 1: years ago. Now, so that was sort of the lay 93 00:05:09,760 --> 00:05:13,240 Speaker 1: of the lands. And then in twenty fourteen, a lawsuit 94 00:05:13,279 --> 00:05:16,920 Speaker 1: came up, led by an organization called Students for Fair Admissions. 95 00:05:17,360 --> 00:05:21,000 Speaker 1: They took legal action against Harvard alleging that affirmative action 96 00:05:21,120 --> 00:05:25,760 Speaker 1: discriminates against white and Asian American students. Now let's fast 97 00:05:25,800 --> 00:05:28,240 Speaker 1: forward to June twenty twenty three, so about a year 98 00:05:28,279 --> 00:05:31,360 Speaker 1: and a half ago, the US Supreme Court ruled in 99 00:05:31,520 --> 00:05:36,360 Speaker 1: favor of banning affirmative action from university admissions. This means 100 00:05:36,360 --> 00:05:39,440 Speaker 1: that universities had to shut down their affirmative action programs 101 00:05:39,560 --> 00:05:43,440 Speaker 1: or entry schemes. When this decision was handed down, Donald Trump, 102 00:05:43,440 --> 00:05:46,640 Speaker 1: who is now the President elect, said that he would 103 00:05:46,680 --> 00:05:48,840 Speaker 1: eliminate diversity programs. 104 00:05:48,920 --> 00:05:52,960 Speaker 2: Too vigorously enforced yesterday's Supreme Court ruling I will eliminate 105 00:05:53,040 --> 00:05:56,960 Speaker 2: all diversity, equity and inclusion programs of course the entire 106 00:05:57,120 --> 00:05:58,360 Speaker 2: federal govenue. 107 00:05:59,120 --> 00:06:01,440 Speaker 3: There has been a bit of time since the Supreme 108 00:06:01,480 --> 00:06:07,040 Speaker 3: Court ruled against affirmative action in these educational institutions, whereas 109 00:06:07,320 --> 00:06:10,279 Speaker 3: the kind of corporations moving away from DEI is more recent. 110 00:06:10,760 --> 00:06:13,839 Speaker 3: Have we had any insights into whether it's changed how 111 00:06:13,960 --> 00:06:17,839 Speaker 3: admissions look at universities since affirmative action was outlawed. 112 00:06:18,240 --> 00:06:21,480 Speaker 1: Yeah, So since this decision came through, a couple universities 113 00:06:21,520 --> 00:06:24,760 Speaker 1: did release their enrollment data, which gives insight into the 114 00:06:24,800 --> 00:06:28,280 Speaker 1: diversity and I guess the demographic of their new cohorts 115 00:06:28,600 --> 00:06:31,960 Speaker 1: following the Supreme Court decision. So in the case of MIT, 116 00:06:32,080 --> 00:06:36,160 Speaker 1: that's Massachusetts Institute of Technology, the number of first year 117 00:06:36,240 --> 00:06:39,760 Speaker 1: black students fell from fifteen percent in twenty twenty three 118 00:06:39,880 --> 00:06:43,240 Speaker 1: before the decision to five percent in twenty twenty four. 119 00:06:43,520 --> 00:06:46,520 Speaker 1: That drop is about two thirds of students. So that's 120 00:06:46,520 --> 00:06:49,200 Speaker 1: the sort of data that we're seeing in the education space. 121 00:06:49,279 --> 00:06:51,520 Speaker 1: And now the impacts of the affirmative action ban are 122 00:06:51,560 --> 00:06:53,640 Speaker 1: sort of flowing on into the corporate space. 123 00:06:53,800 --> 00:06:56,000 Speaker 3: Yeah, and I will just clarify that the Supreme Court 124 00:06:56,040 --> 00:07:01,599 Speaker 3: decision doesn't relate to corporates. It only relates to educational institutions. 125 00:07:01,640 --> 00:07:04,080 Speaker 3: But it is more the kind of discourse that it 126 00:07:04,160 --> 00:07:05,400 Speaker 3: is opening up. 127 00:07:05,320 --> 00:07:05,760 Speaker 2: I guess. 128 00:07:05,839 --> 00:07:10,160 Speaker 3: And clearly we are seeing this move now of corporates 129 00:07:10,280 --> 00:07:14,720 Speaker 3: stepping back from their diversity and inclusion commitments. I mentioned 130 00:07:14,720 --> 00:07:18,120 Speaker 3: before that McDonald's has done this. What was the thinking 131 00:07:18,400 --> 00:07:20,800 Speaker 3: or I guess, what was the rationale for their decision? 132 00:07:20,840 --> 00:07:22,960 Speaker 3: What do they tell us about why they have done this? 133 00:07:23,600 --> 00:07:28,000 Speaker 1: So with McDonald's, they've cited this shifting legal landscape. 134 00:07:27,520 --> 00:07:29,720 Speaker 2: Which are the same as matter Yeah, which. 135 00:07:29,560 --> 00:07:32,880 Speaker 1: As you've mentioned, there's no requirement from the Supreme Court 136 00:07:33,000 --> 00:07:37,560 Speaker 1: for corporations to pull back their de programs. But it's 137 00:07:37,560 --> 00:07:40,160 Speaker 1: this sort of shift, this discourse that's happening that's now 138 00:07:40,280 --> 00:07:44,320 Speaker 1: leading in this case McDonald's to pull back their DEI initiatives. 139 00:07:44,800 --> 00:07:47,920 Speaker 1: And so something interesting that I found with McDonald's was 140 00:07:47,960 --> 00:07:50,920 Speaker 1: they had previously set this goal where they wanted thirty 141 00:07:50,960 --> 00:07:54,040 Speaker 1: five percent of their US leadership roles to be held 142 00:07:54,080 --> 00:07:57,640 Speaker 1: by people from underrepresented backgrounds. They've now said that that 143 00:07:57,800 --> 00:08:00,480 Speaker 1: rate currently sits at around thirty percent. So five percent 144 00:08:00,520 --> 00:08:03,720 Speaker 1: short of their goal. But McDonald's mentioned in their statement 145 00:08:03,800 --> 00:08:07,240 Speaker 1: that they were no longer working towards specific targets for 146 00:08:07,520 --> 00:08:10,800 Speaker 1: diverse representation and leadership positions, So this is one of 147 00:08:10,800 --> 00:08:13,960 Speaker 1: their ways of pulling back on DEI, and similar to 148 00:08:14,040 --> 00:08:17,880 Speaker 1: Matter announcing their changes with suppliers, McDonald's also said that 149 00:08:17,920 --> 00:08:21,880 Speaker 1: they would be quote retiring their previous commitments to DEI 150 00:08:22,080 --> 00:08:23,440 Speaker 1: with their greater supply chain. 151 00:08:24,040 --> 00:08:26,600 Speaker 3: You played a clip earlier of Donald Trump talking about 152 00:08:26,680 --> 00:08:29,800 Speaker 3: getting rid of affirmative action, and I do think that 153 00:08:30,000 --> 00:08:32,040 Speaker 3: it needs to be said that the timing of all 154 00:08:32,120 --> 00:08:34,880 Speaker 3: of these announcements is of course in the lead up 155 00:08:34,920 --> 00:08:38,120 Speaker 3: to Donald Trump's inauguration, and the tenor of kind of 156 00:08:38,200 --> 00:08:42,600 Speaker 3: national conversation obviously changes with whoever is in the presidency. 157 00:08:43,200 --> 00:08:45,760 Speaker 3: What have we heard from Trump? Is this going to be, 158 00:08:45,840 --> 00:08:49,000 Speaker 3: I guess one of his big policy platforms, or what 159 00:08:49,160 --> 00:08:51,480 Speaker 3: role does the president have in something like this? 160 00:08:52,080 --> 00:08:55,120 Speaker 1: For sure, I think we are starting to definitely see 161 00:08:55,160 --> 00:08:59,040 Speaker 1: some sort of shift, particularly as we near Trump entering office. 162 00:08:59,400 --> 00:09:02,640 Speaker 1: And little grab actually from what the President elect said 163 00:09:02,679 --> 00:09:05,560 Speaker 1: after Matter announced it was walking back on its DEI 164 00:09:05,600 --> 00:09:07,040 Speaker 1: efforts just over the weekend. 165 00:09:07,360 --> 00:09:10,120 Speaker 3: You look at what happened with Facebook today and yesterday 166 00:09:10,120 --> 00:09:13,320 Speaker 3: what they announced that was a big concession from them. 167 00:09:13,800 --> 00:09:18,000 Speaker 1: So this incentive to shift company practices away from targeted 168 00:09:18,040 --> 00:09:21,640 Speaker 1: diversity initiatives isn't just coming from Trump, and I think 169 00:09:21,679 --> 00:09:23,920 Speaker 1: we need to consider some of the people that Trump 170 00:09:23,960 --> 00:09:26,920 Speaker 1: is surrounded by and the people who he has obvious 171 00:09:27,000 --> 00:09:30,200 Speaker 1: close relationships with. Elon Musk is one of them who 172 00:09:30,240 --> 00:09:34,280 Speaker 1: has also stated that he's in favor of eliminating DEI programs. 173 00:09:34,600 --> 00:09:38,559 Speaker 2: If we lower the standards for doctors so that they 174 00:09:40,880 --> 00:09:44,040 Speaker 2: if the test for a doctor is lowered, then the 175 00:09:44,040 --> 00:09:46,640 Speaker 2: probability of them making mistake and killing someone is obviously 176 00:09:46,679 --> 00:09:47,200 Speaker 2: going to be higher. 177 00:09:47,840 --> 00:09:50,360 Speaker 3: So, just to recap, I guess all the info that 178 00:09:50,400 --> 00:09:52,800 Speaker 3: we've spoken about, there do seem to be a couple 179 00:09:52,880 --> 00:09:56,040 Speaker 3: of different trigger points in this story. So there's a 180 00:09:56,080 --> 00:09:59,320 Speaker 3: Supreme Court ban on affirmative action that relates just to 181 00:09:59,520 --> 00:10:03,080 Speaker 3: educational institutions, and that's been in place since June twenty 182 00:10:03,120 --> 00:10:06,240 Speaker 3: twenty three. But then we have had the President elect 183 00:10:06,240 --> 00:10:10,200 Speaker 3: Donald Trump talk about walking away from DEI programs, and 184 00:10:10,480 --> 00:10:13,719 Speaker 3: he's had support from influential figures like Elon Musk, And 185 00:10:13,760 --> 00:10:15,880 Speaker 3: now there's this growing trend that we're seeing of more 186 00:10:15,880 --> 00:10:18,520 Speaker 3: and more companies, and not small companies, really really big 187 00:10:18,840 --> 00:10:21,439 Speaker 3: influential ones making similar decisions. 188 00:10:22,040 --> 00:10:24,480 Speaker 1: Yeah, but it is important to also note that this 189 00:10:24,640 --> 00:10:28,480 Speaker 1: isn't happening for every major company. So over the weekend, 190 00:10:28,559 --> 00:10:31,600 Speaker 1: Apple had released this official document ahead of their annual 191 00:10:31,640 --> 00:10:36,680 Speaker 1: general meeting, essentially outlining proposals made by its shareholders. Now, 192 00:10:36,720 --> 00:10:39,600 Speaker 1: one of the shareholders of Apple is a conservative think 193 00:10:39,640 --> 00:10:43,600 Speaker 1: tank called the National Center for Public Policy Research, and 194 00:10:43,679 --> 00:10:46,520 Speaker 1: it's admitted a proposal to Apple for this general meeting 195 00:10:46,920 --> 00:10:50,760 Speaker 1: asking it to cease its deifs, essentially pull back on 196 00:10:50,800 --> 00:10:54,640 Speaker 1: its diversity programs, citing the Supreme Court decision, which is 197 00:10:54,640 --> 00:10:57,920 Speaker 1: actually in the education sector, as we've mentioned, warning that 198 00:10:57,960 --> 00:11:01,440 Speaker 1: Apple could be sued. And now Apple's board said it 199 00:11:01,480 --> 00:11:04,960 Speaker 1: recommended the other shareholders not to vote for this proposal 200 00:11:05,200 --> 00:11:07,920 Speaker 1: because the company wasn't at risk of violating the Supreme 201 00:11:07,920 --> 00:11:12,000 Speaker 1: Court decision and getting sued. So Apple didn't really respond 202 00:11:12,040 --> 00:11:15,480 Speaker 1: to the actual idea of walking back on their deprograms, 203 00:11:15,760 --> 00:11:18,480 Speaker 1: but they mainly said that the legal risk that this 204 00:11:18,520 --> 00:11:21,880 Speaker 1: group was suggesting didn't actually exist. So in terms of 205 00:11:21,920 --> 00:11:23,680 Speaker 1: whether or not Apple could be one of the next 206 00:11:23,679 --> 00:11:25,760 Speaker 1: companies to make this move is very much up in the. 207 00:11:25,760 --> 00:11:28,440 Speaker 3: Air, but I mean they haven't come out and supported 208 00:11:28,480 --> 00:11:31,400 Speaker 3: it explicitly by any means, so it does seem like 209 00:11:31,480 --> 00:11:34,000 Speaker 3: they're perhaps not going in the same direction as a 210 00:11:34,040 --> 00:11:37,120 Speaker 3: Metal or as a McDonald's. Yeah, Nandini, before we go, 211 00:11:37,200 --> 00:11:39,679 Speaker 3: I do just want to ask though, you know, we 212 00:11:39,800 --> 00:11:43,400 Speaker 3: talk a lot about the US. Oftentimes we can talk 213 00:11:43,440 --> 00:11:47,600 Speaker 3: about importing americanisms. It's this idea that what happens over 214 00:11:47,640 --> 00:11:50,120 Speaker 3: there inevitably ends up over here. 215 00:11:50,920 --> 00:11:53,800 Speaker 2: Do we see any Australian. 216 00:11:53,120 --> 00:11:56,720 Speaker 3: Companies doing this sort of thing walking away from diversity 217 00:11:56,800 --> 00:11:59,760 Speaker 3: quotas or you know, affirmative action is less of a 218 00:11:59,760 --> 00:12:01,040 Speaker 3: turn that's used here. 219 00:12:01,120 --> 00:12:04,080 Speaker 2: But are we seeing anything like that here? So far? 220 00:12:04,240 --> 00:12:07,600 Speaker 1: We haven't seen any major companies announce changes in their 221 00:12:07,600 --> 00:12:10,160 Speaker 1: commitments to diversity and inclusion in the workplace, and we 222 00:12:10,240 --> 00:12:13,680 Speaker 1: haven't seen any changes in the university space ere As. 223 00:12:13,679 --> 00:12:17,440 Speaker 1: For McDonald's Australia, a spokesperson told Sky News Australia that 224 00:12:17,520 --> 00:12:20,040 Speaker 1: its doors are open to everyone. So in terms of McDonald's, 225 00:12:20,000 --> 00:12:22,360 Speaker 1: which is a global company, Yeah, looks like it might 226 00:12:22,360 --> 00:12:24,720 Speaker 1: not be impacting it here in Australia just yet, or 227 00:12:24,840 --> 00:12:26,280 Speaker 1: something to keep an eye On for sure. 228 00:12:26,480 --> 00:12:29,679 Speaker 3: Yeah, I mean with Donald Trump coming to the presidency 229 00:12:30,080 --> 00:12:33,079 Speaker 3: next week now, it'll be really interesting to see if 230 00:12:33,200 --> 00:12:35,720 Speaker 3: other companies move away. Last time we spoke about Meata, 231 00:12:35,760 --> 00:12:39,160 Speaker 3: we spoke about this idea of companies readying themselves for 232 00:12:39,200 --> 00:12:42,280 Speaker 3: a Trump presidency, and it certainly feels. 233 00:12:41,960 --> 00:12:44,480 Speaker 2: Like some of these decisions are in line with that. 234 00:12:44,720 --> 00:12:47,320 Speaker 3: So we'll all be watching to see what happens in 235 00:12:47,400 --> 00:12:49,760 Speaker 3: this space and whether there are any further changes. 236 00:12:49,800 --> 00:12:51,680 Speaker 2: But thank you for explaining that, and. 237 00:12:51,679 --> 00:12:54,400 Speaker 3: Thank you for joining us for another episode of The 238 00:12:54,480 --> 00:12:57,040 Speaker 3: Daily os. If you learned something from today's episode, why 239 00:12:57,080 --> 00:12:58,160 Speaker 3: not send it to a friend. 240 00:12:58,520 --> 00:13:00,760 Speaker 2: That is the way that our little lady a company 241 00:13:00,880 --> 00:13:01,440 Speaker 2: can grow. 242 00:13:01,559 --> 00:13:03,840 Speaker 3: We'll be back again this afternoon with some headlines, but 243 00:13:03,960 --> 00:13:05,240 Speaker 3: until then, have a great day. 244 00:13:08,000 --> 00:13:10,320 Speaker 1: My name is Lily Maddon and I'm a proud Arunda 245 00:13:10,559 --> 00:13:15,319 Speaker 1: Bungelung Caalcuton woman from Gadighl country. The Daily oz acknowledges 246 00:13:15,400 --> 00:13:17,600 Speaker 1: that this podcast is recorded on the lands of the 247 00:13:17,600 --> 00:13:21,160 Speaker 1: Gadighl people and pays respect to all Aboriginal and torres 248 00:13:21,280 --> 00:13:22,360 Speaker 1: Rate island and nations. 249 00:13:22,640 --> 00:13:25,560 Speaker 3: We pay our respects to the first peoples of these countries, 250 00:13:25,720 --> 00:13:26,880 Speaker 3: both past and present,