The XJO is expected to move lower on open this morning following both a meek move lower in the U.S last night and their soft futures this morning. Our market likely sees the U.S unwilling to break their key resistance and make new highs as good enough reason to extend yesterday’s profit taking. In doing
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Australia has made a groundbreaking decision by becoming the first country to legalise the clinical prescribing of MDMA (ecstasy) and psilocybin (magic mushrooms) for the treatment of specific mental health disorders, including PTSD and treatment-resistant depression. Setting Australia apart as the pioneer in adopting psychoactive-based treatments for mental health, as of 1 July, authorised psychiatrists
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Biopharmaceutical company Dimerix (ASX: DXB) has won the favour of the Paediatric Committee (PDCO) of the European Medicines Agency (EMA), as the committee has formally accepted Dimerix’s Paediatric Investigation Plan for the development of DMX-200, a potential treatment for kidney disease. The PDCO’s approval comes after a meeting on June 23, 2023, and paves the
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There is little joy in the Happy Valley (ASX: HVM) offices today, as the infant formula company enters voluntary administration. “It is disappointing to announce the appointment of administrators today,” the Chairman of the Company, Kevin Bush, stated grimly in an announcement. Due to dwindling global infant milk supply, HVM was able to thrive during
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The XJO is expected to edge lower on open this morning with little to no leads from the U.S due to their public holiday and flat futures. Yesterday the RBA decided to hold rates. Essentially, they want to wait and see. They recognise that discretionary consumption is falling, but unemployment remains at 50-year lows. The
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We’re fast approaching tax time, which means Aussies need to brace themselves for the great battle of having to wait to speak to the Australian Taxation Office (ATO) should they have any enquiries while lodging their tax return. This is not an exaggeration, though. ATO call centres are said to be unable to meet demand
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