Australia Breaking News

Echo IQ (ASX:EIQ) executed an exclusive agreement to license up to 1 million de-identified echocardiography studies from Advara HeartCare.

MGX has raised $49 billion for one of the biggest ever funds dedicated to artificial intelligence deals, propelling the two-year-old Abu Dhabi firm into the ranks of the most consequential investors in the sector globally.

At the start of the regional war in February, Wall Street banks were grappling with the prospect of a protracted slowdown in the Middle East. Three months in, many firms are rushing to add bankers after local investors largely looked past the conflict and doubled down on dealmaking.

Oman India Fertiliser Co.'s initial public offering has drawn over $12 billion in orders, in the Middle East's largest listing since the outbreak of the regional conflict. The fertilizer producer is set to raise $678 million via the share sale, Laura Gardner Cuesta reports.

Tankmaker KNDS postponed its initial public offering, citing volatility in the European defense sector and saying shareholders informed the firm they want to resume the process when market conditions are better. Bloomberg's Charles Capel reports.

Genetic Signatures (ASX:GSS) received no advance notification regarding a 10.2% stake acquisition by BCAL Diagnostics (ASX:BDX).

Stocks fell as a selloff in chip stocks spread to South Korea, reviving concerns the rally in artificial intelligence shares may have gone too far, too fast. Bloomberg's Avril Hong reports.

Piche Resources (ASX:PR2) identified high-grade rare earth mineralisation at its Ashburton Project following a strategic review.

Imricor Medical Systems (ASX:IMR) has secured US regulatory clearances to expand its products across 250 paediatric hospitals.

Angela Ang, APAC MD of BitGo, a digital asset infrastructure company, believes that shifts from retail speculation to institutional investors drive demand for secure custody and compliant infrastructure. Her comments come on the back of bitcoin falling to a fresh 21-month low. She speaks with Haslinda Amin on "Insight with Haslinda Amin."

ATO launched a targeted assistance framework providing eligible fuel-affected businesses with three months of tax relief.

Alma Metals (ASX:ALM) acquired a 16-person exploration camp to expand operations at the Briggs Copper Project.