Australia Breaking News

The private equity-owned department store David Jones has replaced its CEO of six years, Scott Fyfe, with retail industry veteran Erica Berchtold.

Aspermont (ASX:ASP) has delayed its positive operating cash flow target to the second half of fiscal year 2027.

Credit Corp (ASX:CCP) cancelled its proposal to acquire 100% of Humm Group (ASX:HUM).

The a2 Milk Company (ASX:A2M) has received Chinese regulatory approval to transition two infant formula registrations at its Pokeno facility.

FDC Construction & Fitout reportedly is targeting a $400 million capital raise for an IPO that would value the company at $970 million.

Australia announced a one-month extension to its fuel excise relief, reducing the rate to $0.16 per litre from July 1 to Aug. 2.

On Father's Day, Kevin Maguire, author of "The New Fatherhood," joined David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the evolving role of fathers and the shortcomings of current fatherhood literature. Maguire emphasized that existing parenting books often reinforce outdated gender roles, leaving many contemporary dads without relevant guidance.

This summer the FDA will consider loosening restrictions on certain peptide injections, with encouragement from RFK Jr. and the Trump administration. Bloomberg Businessweek senior reporter Amanda Mull explains to hosts David Gura and Christina Ruffini how peptides are popular among wellness enthusiasts and biohackers, who claim they offer benefits ranging from treating tendonitis to enhancing tanning.

The New York primary election is scheduled for Tuesday, with numerous significant seats contested. Early voting began on June 13, and as of the morning of the broadcast, over 135,000 early check-ins have been recorded according to Vote NYC. Politico New York state politics reporter Jason Beeferman comes on Bloomberg This Weekend to provide insight into the key races and what viewers should watch for in this important primary election.

Iran's delegation briefly entered the Lake Lucerne Summit meeting room before leaving, reflecting Tehran's reported refusal to participate in a joint photograph with US officials amid sensitive diplomatic negotiations. Bloomberg News' Bastian Benrath-Wright' joins Bloomberg This Weekend to explain that despite the public snub and behind-the-scenes wrangling over protocol, Iranian, US, Qatari and Pakistani representatives later took their seats and proceeded with talks behind closed doors.

Former US Defense Secretary Mark Esper joins David Gura and Christina Ruffini on Bloomberg This Weekend and explains how Hezbollah remains a key spoiler to any lasting Iran deal because the group continues attacking Israeli forces and communities, giving Israel justification to keep responding militarily.

Senator Raphael Warnock (D-Georgia) delivers a pointed critique of the current state of the Republican Party, describing it as a cult centered around loyalty to President Donald Trump rather than principles or ideas. Watch the Senator discuss with David Gura on Bloomberg This Weekend how progress is not automatic, Americans need to resist despair and to continue advocating for positive change.