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Australia Breaking News

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Grafa

DAYBU nears EU green light, unlocking US$35m upfront for Neuren Pharmaceuticals

Neuren Pharmaceuticals (ASX:NEU) says the European Medicines Agency’s CHMP has adopted a positive opinion, after re‑examination, recommending the European Commission grant marketing authorisation for DAYBU (trofinetide) to treat neurobehavioral symptoms of Rett syndrome in adults and children aged five and over.

Read more: DAYBU nears EU green light, unlocking US$35m upfront for Neuren Pharmaceuticals
Grafa

Strategic Energy Resources (ASX:SER) raises A$1.5m to fund Diamantina drilling

Strategic Energy Resources (ASX:SER) has received firm commitments to raise A$1.5 million before costs through a A$1.25 million share placement and an expected fully underwritten A$0.25 million share purchase plan at A$0.12 per share to fund drilling and exploration at its Diamantina Copper‑Gold Project in Queensland.

Read more: Strategic Energy Resources (ASX:SER) raises A$1.5m to fund Diamantina drilling
Grafa

Albanese Government doubles penalty to $99m as tech giants face under-16 social media scrutiny

The Albanese Government plans to strengthen Australia’s social media minimum age law by giving the eSafety Commissioner broader information‑gathering powers and doubling the maximum penalty for systematic breaches from $49.5 million to $99 million.

Read more: Albanese Government doubles penalty to $99m as tech giants face under-16 social media scrutiny
Grafa

Greenland rejects ETM's licence extension bid at Kvanefjeld Rare Earth Project

Energy Transition Minerals (ASX:ETM) says the Greenlandic Government has declined an application by its subsidiary Greenland Minerals A/S to extend exploration licence 2010/02, which covers the Kvanefjeld rare earth project in southern Greenland, and the company is now reviewing the decision with legal advisers.

Read more: Greenland rejects ETM's licence extension bid at Kvanefjeld Rare Earth Project
Bloomberg

Kent on Reserve Bank of Australia's New Framework

Australian central bank Assistant Governor Chris Kent said the institution will be better prepared to respond to the next crisis it faces following a review of alternative monetary policy tools. In a speech in Sydney, Kent, who oversees financial markets at the Reserve Bank, said the cash rate target remains the primary and preferred instrument, but additional tools can play an important role during extraordinary times and provide some extra support.

Read more: Kent on Reserve Bank of Australia's New Framework
Bloomberg

World Cup Fever Energizes Boston Ahead of Knockout Stage

From Scotts to Haitians, Boston has been a hotspot for memorable moments during the FIFA World Cup. Boston Globe Social Video Journalist Emily Sweeney joins Bloomberg This Weekend and discusses with hosts David Gura, Christina Ruffini and Lisa Mateo vibrant atmosphere and community spirit that has taken over the city.

Read more: World Cup Fever Energizes Boston Ahead of Knockout Stage