Category: News

Investors have welcomed the TGA’s decision to down-schedule low-dose cannabidiol (CBD) products to Schedule 3 (S3) as this will allow pharmacies to offer the products over the counter and is expected to help centralise a scattered market – with the potential new market estimated to dwarf the current highly regulated $250 million market, at over $3 billion.

Another 25 basis point rate hike has brought the cash rate up to 2.85% and drawn defence from the RBA, with governor Philip Lowe highlighting the greater risks associated with the slower rate lifting path they could’ve taken.

As an activated carbon product producer, Carbonxt Group Ltd (ASX: CG1) considers it has an important role to play in the decarbonisation of Earth. The company develops and markets products that are able to capture the contaminants from industrial processes that would normally emit substantial amounts of harmful pollutants.

A ‘concerning’ number of Australian adults are financially illiterate, prompting the ASX to join more than 80 securities exchanges and clearing houses worldwide to bring awareness to the goal of raising financial literacy in communities.

The local bourse has had a decent week, with the ASX 200 adding 0.28% since last Tuesday. The US enjoyed a bigger lift, with the S&P 500 surging 3.74% in the same period of time – largely spurred on by its economy likely having smaller rate hikes going forward.

An ASX-listed oncology company’s first-in-class cancer drug has shown encouraging clinical activity in a difficult-to-treat patient population, as per newly released results from an ongoing study.

The ASX has recognised FY22 as a record year for capital raises – with $159.4 billion invested overall – and some Aussie businesses still appear to be riding the wave of positive investor sentiment.

Around 1.5 million football fans will descend on Qatar next month for the FIFA World Cup, and in an effort to ease the inevitable transport and traffic woes, the Middle Eastern nation has turned to a small Australian company for help.

Every second week, we invite a leading fund manager to present at The Insider: Meet the Fund Manager. In May, Katana Asset Management’s Romano Sala Tenna selected Kina Securities as one of his favourite stocks, noting its sustained competitive advantage…

ASX-listed Far East Gold has been drilling down into the details of its highly prospective copper-gold Woyla project, with new data from the Phase 1 drilling program reaffirming the previously interpreted nature of the site’s Anak Perak Main Zone.

The ASX has jumped around a fair bit since last Tuesday, but it closed out yesterday’s trading session with a healthy 1.4% gain over the past week. The XTX stacked on 4.18% just yesterday, with the technology index moving with heightened volatility as investors begin to question what has been oversold and who could be a takeover target.

What if, instead of waiting a million years and spending a million dollars to mine diamonds, you could turn plastic into diamonds in the blink of an eye using lasers? Too far-fetched? Actually, that’s the world you now live in.