FEAR & GREED | Business News
The Weekend Edition | 22-23 March 2025
Mar 21, 2025
Tensions rise as Australia navigates tariff battles and unemployment concerns while gold prices soar. The debate heats up over international trade and pharmaceutical policies, mixing humor with serious economic discourse. Groundbreaking electric vehicle battery technology promises a revolution, allowing rapid charging that could change the industry. The show also touches on judicial independence amid political tensions and offers light-hearted tales from space travel. Expect lively discussions with witty insights on the week’s biggest business stories!
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Quick takeaways
- US pharmaceutical companies are pressuring the Australian government to impose tariffs on medical exports, challenging the Pharmaceutical Benefits Scheme's integrity.
- The rise in gold prices past $3,000 per ounce reflects investor anxiety amid international volatility, signaling deeper concerns in financial markets.
Deep dives
Collision of Australian and US Politics
Australian politics is facing a significant challenge due to lobbying from US pharmaceutical companies and tech giants. These entities are urging the US government to impose tariffs on Australian medical exports, claiming that the Pharmaceutical Benefits Scheme (PBS) is discriminatory towards American companies. The PBS is a critical scheme in Australia that makes life-saving medications affordable, significantly reducing prices from thousands to just tens of dollars. The Prime Minister has asserted that the PBS will not be compromised in any future trade negotiations, despite the pressure from influential lobbying efforts.
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