FEAR & GREED | Business News Afternoon Report | ASX dips; Dick Cheney dies
5 snips
Nov 5, 2025 Today’s discussion dives into the ASX dips driven by a sell-off in tech stocks and Bitcoin's slide into bear market territory. Medibank makes waves with a new acquisition, while Woodside raises concerns about Australia's declining competitiveness due to strict regulations. A tragic cargo plane crash in Louisville highlights safety issues in air transport. The podcast also reflects on the passing of Dick Cheney, exploring his significant yet controversial role in shaping post-9/11 policy.
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Markets Slip On Tech, Miners And Bitcoin
- The ASX 200 slipped 0.1% driven by tech and mining weakness, reflecting valuation and commodity concerns.
- Bitcoin also fell below $100,000, pushing it into bear-market territory and adding market caution.
Corporate Moves: Medibank Buy And CEO Changes
- Medibank agreed to buy Better Medical, a 61-clinic network, for about $159 million and its shares rose 1.2%.
- Other corporate moves included new CEOs at BlueScope and Tyro and Perpetual engaging Bain Capital on a sale.
Woodside Flags Competitiveness Issues
- Woodside warned Australia's regulation is making the country less competitive and pushing LNG investment offshore.
- The company is prioritising projects in the US and Mexico, citing a $17.5 billion Louisiana LNG project as an example.