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Neuren Pharmaceuticals (ASX:NEU) is set to receive a substantial payout following the sale of a Rare Pediatric Disease Priority Review Voucher (PRV) by its US-based partner, Acadia Pharmaceuticals (NASDAQ: ACAD), for $US150m. Under the agreement, Neuren will receive one-third of the net proceeds, estimated to be approximately $US50m.  The PRV was issued by the US […]

Apple may soon be hit with the first major fine under the European Union’s Digital Markets Act (DMA), marking a critical moment in the EU’s fight to curb Big Tech’s monopolistic practices. The European Commission is preparing to penalise Apple over its App Store policies. Sources suggest the decision, expected this month, could see Apple

Goodman Group (ASX:GMG), a global industrial property developer, has released its Q1 FY2025 operational update, reporting robust demand in its logistics and data centre operations, highlighting resilience despite a backdrop of slower global growth. As of 30 September 2024, Goodman reported a development pipeline valued at $12.8bn across 74 active sites, with data centres accounting for

The S&P 500 posted solid gains on Tuesday as stocks broadly advanced, with traders holding off for the results of a high-stakes US presidential election. The benchmark index rose 1.23 per cent, closing at 5,782.76. The Nasdaq Composite gained 1.43 per cent, finishing at 18,439.17, while the Dow Jones Industrial Average added 427.28 points, or

Boeing workers have voted to end a seven-week strike after accepting a new pay offer that includes a 38% wage increase over the next four years. The agreement, approved by 59% of union members from the International Association of Machinists and Aerospace Workers (IAM), also provides a one-off US$12,000 bonus. The strike, which began on

OpenAI, the artificial intelligence company behind ChatGPT, is reportedly in early discussions with regulators in California and Delaware to transition from a nonprofit to a for-profit structure. The shift, if it proceeds, would mark a significant governance change for the $157bn company — founded in 2015 with a mission to advance safe and beneficial AI.

Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses the RBA’s decision. At its November meeting the RBA left the cash rate on hold at 4.35% as widely expected, leaving it unchanged for 12 months now. The RBA’s rates guidance is now neutral. It continues to note that underlying inflation is

At its meeting today, the Reserve Bank of Australia (RBA) Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent. This marks the eighth consecutive hold. The move reflects the bank’s cautious approach to managing inflation — which,

Paul Sanger interviews Anthony Noble, CEO of The Calmer Co (ASX:CCO), a leader in sustainable kava production. The Calmer Co aims to become the world’s dominant kava company by promoting kava’s calming and health benefits while improving the livelihoods of farmers in Fiji through fair pricing and a transparent supply chain. Noble discusses kava’s growing

Domino’s Pizza Enterprises (ASX:DMP) has announced the retirement of its long-serving CEO, Don Meij, effective 6 November 2024. Meij, who began his career as a pizza delivery driver in 1987, has worked for almost 40 years with the company. Under Meij’s leadership, Domino’s became Australia’s largest and first publicly listed pizza chain in 2005 with sales