FEAR & GREED | Business News Federal govt’s Xmas rush; traders forecast rates will rise; Samsung’s tri-fold phone
Dec 2, 2025
The federal government reveals a new AI plan, sparking discussions on energy demands and job safety. Australian bond yields hit a ten-month high, hinting at possible rate increases. Samsung introduces its innovative tri-fold phone, boasting three screens and tablet mode. Meanwhile, Google faces a hefty fine for anti-competitive behavior. An intriguing contrast surfaces as blue-collar workers earn more than many in white-collar jobs, especially with looming AI risks.
AI Snips
Chapters
Transcript
Episode notes
Light-Touch AI Strategy
- The national AI plan favours light regulation and market-driven rules over new laws.
- It creates a $30 million safety institute rather than immediate sweeping regulation.
Limited Action On Appointments Review
- The Jobs For Mates review recommends independent, transparent appointment rules and cooling-off periods.
- The government says it will adopt an appointment framework but will not implement most recommendations.
Drug-Price Talks With The US
- Australia is negotiating with the US over pharmaceutical pricing amid US pressure on subsidies.
- The PBS bulk-buying model keeps consumer prices low but attracts US criticism as protectionism.