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US stocks fell overnight as new data showed inflationary pressures were stronger than economists had anticipated. The Dow Jones Industrial Average dropped 0.53% to 43,914.12, marking its sixth consecutive day of declines. The S&P 500 fell 0.54% to 6,051.25. The Nasdaq Composite slipped 0.66% to 19,902.84, retreating after briefly crossing the 20,000 mark earlier in […]

Warner Bros Discovery (WBD) has announced a major restructuring that will divide its business into two distinct units: Global Linear Networks and Streaming & Studios. The reorganisation is expected to be completed by mid-2025. “Linear” refers to the traditional broadcasting model where viewers watch scheduled programming at specific times on a set channel. The Global

Google has announced the release of its new AI model, Gemini 2.0. This marks a step into what the company is calling the “agentic era” of AI.  CEO Sundar Pichai described the launch as the next major step in Google’s mission to “organise the world’s information and make it accessible and useful”.  What does it

The European Central Bank (ECB) and the Swiss National Bank (SNB) both reduced their key interest rates on Thursday, with the ECB making its fourth cut of 2024 while the SNB opted for its largest rate reduction in nearly a decade. The ECB lowered its deposit facility rate by 25 basis points, taking it to

Infrastructure services company Downer EDI (ASX:DOW) has announced that Spotless Facility Services, a subsidiary, will defend civil proceedings initiated by the Australian Competition and Consumer Commission (ACCC). The ACCC’s allegations relate to conduct in 2019 and 2020 concerning estate maintenance services provided to the Department of Defence. The ACCC claims that Spotless, along with two

Vinyl Group (ASX:VNL) has signed a binding Heads of Agreement to acquire Concrete Playground Pty Ltd, a digital city guide, for $5m in a deal comprising $3.5m in cash and $1.5m in scrip. The acquisition is expected to deliver an immediate financial boost, with Concrete Playground projected to contribute at least $1.5m in EBITDA and

Orthocell (ASX:OCC) has achieved first sales of its peripheral nerve repair product Remplir in Singapore. This marks an early milestone ahead of a previously planned launch in the first quarter of 2025. Remplir is made from a collagen-based material that provides a protective environment for nerves during the healing process. It acts as a nerve

Immutep (ASX:IMM) has announced promising new data from its Phase IIb TACTI-003 trial, presented at the ESMO Immuno-Oncology Congress 2024. The trial combines the company’s lead drug candidate eftilagimod alpha (efti) with Merck & Co’s drug KEYTRUDA (pembrolizumab). The targeted indication is head and neck squamous cell carcinoma (HNSCC). Cancer cells hiding from T-cells T-cells

US stocks surged overnight, with the Nasdaq Composite closing above 20,000 for the first time. It closed 1.77% higher at 20,034.89. The S&P 500 rose 0.82% to 6,084.26, while the Dow Jones Industrial Average was 0.22% lower 44,148.56. Tech stocks led the rally, driven by Alphabet, which closed 5.46% higher, advancing on news of a

US inflation rose to an annual rate of 2.7% in November, up from 2.6% in October, according to Consumer Price Index (CPI) data released on Wednesday by the Bureau of Labor Statistics. The monthly increase was 0.3%, marking the highest annual inflation rate since July. The figures aligned with market forecasts and reinforced expectations for