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Firebrick Pharma (ASX:FRE) has secured its first-ever regulatory approval for Nasodine nasal spray.

Australia is bracing for an economic hit as the OECD warns of soaring inflation and critical disruptions to fertiliser supplies.

The Albanese Government has called upon the Fair Work Commission to deliver an above-inflation pay increase.

Alicia Chong Rodriguez, Founder and CEO of Bloomer Tech, joins Bloomberg Businessweek Daily to discuss the company's wearable Smart Bra, how the technology works, and what its data collection is used for. The clinically validated Bloomer TAG, a medical-grade smart bra with embedded textile sensors, is still in the testing phase, but is helping its users aggregate and understand their health data. Rodriguez speaks with Carol Massar and Tim Stenovec.

Gold fell after US President Donald Trump sent mixed signals on whether the US and Iran could reach a deal to halt the nearly month-long war, further roiling global markets. Bullion fell as much as 3.4% Thursday, but trimmed some losses after Trump said he is extending the pause of strikes on Iran's energy sites. "Talks are ongoing," Trump posted on Truth Social, "and, despite erroneous statements to the contrary by the Fake News Media, and others, they are going very well." Earlier Thursday, gold came close to a bear market defined as a 20% drop from its recent peak as the US president gave conflicting messages on a potential ceasefire. Axel Merk, President and Chief Investment Officer at Merk Investments, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

US mortgage rates jumped for a fourth straight week, reaching the highest point in six months and dampening prospects for the crucial spring season as the Iran war roils markets. The average rate for 30-year, fixed loans climbed to 6.38%, the highest since September 2025 and up from 6.22% last week, according to data from Freddie Mac Thursday. At the current 30-year average, borrowers with a $1 million loan would pay about $6,242 a month, not including insurance and taxes. That is up from $5,983 in late February when rates briefly dipped below 6% right before the US-Israeli bombing campaign began. Clear Investment Group CEO Amy Rubenstein joins Bloomberg Businessweek Daily to discuss, plus the state of affordable housing. She speaks with with Carol Massar and Tim Stenovec.

A wave of redemption requests across the private credit industry has left more than $4.6 billion of investor capital trapped behind withdrawal limits, with more asset managers expected to impose curbs in the coming weeks. Investors have looked to pull roughly $13 billion from over a dozen funds so far this quarter, according to Bloomberg estimates and data from Robert A Stanger & Co. But since the vehicles can cap withdrawals at 5% of net assets per quarter, investors have only been able to access about two-thirds of the cash they've sought, the data show. Len Tannenbaum, Founder of Tannenbaum Capital Group, joins Bloomberg Businessweek Daily to discuss redemption jitters, the evolution of private credit and the current credit cycle, and more. He speaks with Carol Massar and Tim Stenovec.

David Roman, Goldman Sachs Co-Head of the Health Care Business Unit and Medtech & Health Care IT Analyst, discussed key insights from an inaugural health care conference focused on AI's impact in the sector. He speaks with Katie Greifeld and Bailey Lipschultz on "The Close."

Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Bailey Lipschultz, Carol Massar and Tim Stenovec. Doubts that a ceasefire between the US and Iran may materialize any time soon sent stocks and bonds lower and oil higher. The S&P closed down 1.7% after President Trump told reporters that he could not commit to a deal with Iran. Brent rose to $108.

Retired Rear Admiral and former White House national security communications advisor John Kirby said that the Pentagon has an 'obligation' to explain to the American people how their tax dollars and troops are being used in 'matters of life and death' to keep the country safe. Kirby, who also worked as the Department of Defense press secretary during the Biden administration, spoke out against the Pentagon's move to take press out of the building, saying that it isn't a good for the country or the department itself.

Retired Rear Admiral and former White House national security communications advisor John Kirby said that the Pentagon has an 'obligation' to explain to the American people how their tax dollars and troops are being used in 'matters of life and death' to keep the country safe. Kirby, who also worked as the Department of Defense press secretary during the Biden administration, spoke out against the Pentagon's move to take press out of the building, saying that it isn't a good for the country or the department itself.

Washington Democratic Representative Suzan DelBene said that Americans' anger about broken promises from the Trump administration is powering support for Democrats ahead of midterm elections as voters look for candidates who aren't going to be a 'rubber stamp' for Donald Trump. DelBene, who serves as chair of the DCCC, said that Democrats have 44 districts in play and are on 'offense' against Republican challengers.