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Bloomberg

Fed's Goolsbee, Schmid Offer Reasons for Rate Cut Dissent

Federal Reserve Bank of Chicago President Austan Goolsbee and Federal Reserve Bank of Kansas City President Jeff Schmid explained their reasons for dissenting against the US central bank's decision to cut interest rates this week in separate statements released on Friday. Michael McKee reports on Bloomberg Television.

Leia mais: Fed's Goolsbee, Schmid Offer Reasons for Rate Cut Dissent
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Mining

Celsius Resources reports first JORC ore reserve at MCB Copper-Gold Project

Celsius Resources (ASX:CLA) announced its first JORC-compliant ore reserve estimate for the Maalinao-Caigutan-Biyog Copper-Gold Project in the Philippines, operated through its affiliate Makilala Mining.

The maiden reserve defines 130.2 million tonnes of underground ore grading 0.66% copper and 0.21 g/t gold, containing approximately 856,000 tonnes of copper and 891,000 ounces of gold at a 0.84% copper-equivalent grade.

Leia mais: Celsius Resources reports first JORC ore reserve at MCB Copper-Gold Project
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Health

Algorae Pharmaceuticals’ AI platform AOS2 identifies 90 CBD–drug combinations

AI-enabled pharmaceutical company Algorae Pharmaceuticals (ASX:1AI) has received the comprehensive in silico synergy predictions generated by its AlgoraeOS v2 platform, covering over 500,000 potential combinations of cannabidiol with more than 3,000 approved and investigational drugs across 170 cell lines.

Leia mais: Algorae Pharmaceuticals’ AI platform AOS2 identifies 90 CBD–drug combinations
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Health

4DMedical secures $30.2M through options underwriting to boost CT:VQ commercialisation

4DMedical (ASX:4DX) has secured $30.2 million in funding by entering an underwriting agreement with Bell Potter Securities, ensuring the full exercise of its 4DXO listed options. 

Under the agreement, any unexercised options at expiry will be subscribed by the underwriter, guaranteeing the total funding amount.

Leia mais: 4DMedical secures $30.2M through options underwriting to boost CT:VQ commercialisation
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Energy

Sembcorp Industries to acquire Alinta Energy for $6.5B

Singapore-based Sembcorp Industries has announced a landmark agreement to acquire Australian energy company Alinta Energy in a transaction valued at $6.5 billion, including debt.

The deal positions Sembcorp at the forefront of Australia's evolving power sector, marking one of the most significant energy takeovers in recent years.

Leia mais: Sembcorp Industries to acquire Alinta Energy for $6.5B
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Transport and logistics

Chalmers approves Hanwha’s move to lift Austal stake to 19.9% under strict conditions

Australia's Treasurer Jim Chalmers has approved Hanwha's bid to lift its shareholding in Australian shipbuilder Austal (ASX:ASB) from 9.9% to 19.9%, concluding an eight-month Foreign Investment Review Board assessment.

Chalmers said the decision followed "long and careful deliberation" and extensive consultation, noting it took into account economic, national security and broader national-interest considerations.

Leia mais: Chalmers approves Hanwha’s move to lift Austal stake to 19.9% under strict conditions
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National Australia Bank faces scrutiny over underpayments; chairman re-elected

National Australia Bank (ASX:NAB) executives faced intense scrutiny at the company's annual general meeting over their handling of widespread employee underpayments

A former employee told the meeting she had been underpaid and repeatedly raised concerns.

Leia mais: National Australia Bank faces scrutiny over underpayments; chairman re-elected