FEAR & GREED | Business News Afternoon Report | Netflix in major takeover talks
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Dec 5, 2025 The Australian stock market sees a slight uptick as it heads into key central bank meetings. Saluda Medical faces a bumpy start on the ASX after its IPO, raising questions about future tech in spinal stimulation. AGL makes headlines by pulling out of an offshore wind project, shifting its focus to gas and onshore renewables. Oprah Winfrey supports Australia’s social media ban for under-16s during her visit. In a major shakeup, Netflix is in talks to acquire Warner Bros Discovery, sparking discussions about potential legal hurdles.
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Markets Cautiously Up Ahead Of Major Meetings
- The S&P ASX 200 closed slightly higher, led by materials and lithium miners due to UBS lifting lithium demand outlook.
- Markets are in a holding pattern ahead of Reserve Bank and US Fed meetings next week.
Saluda Medical's Harsh ASX Debut
- Saluda Medical debuted on the ASX and plunged over 50% after listing, opening well below its issue price.
- The company raised $230 million and claims 6,000 patients implanted with no removal requests.
AGL Exits Gippsland Offshore Wind
- AGL abandoned its Gippsland offshore wind project, surrendering its feasibility licence and halting exploration.
- AGL will refocus on onshore wind, gas and a major battery rollout instead.