Category: News

The rallying market has made a 30% comeback since the March 23 lows. Magellan, a global investment firm, is cautious. With so much elevated uncertainty in the market, they’re staying cashed up at 15%, the same level as March.  

LBT Innovations is an Australian company that creates efficiencies in pathology lab processes with artificial intelligence and automation.

Three hundred years ago, Adam Smith emphasised the importance of competition arguing that the “invisible hand”- the natural driving forces of an economy such as competition, should be left to control the market.

ASX listed biotech company Prescient Therapeutics (ASX: PTX) has this week unveiled two significant licence agreements that forms the IP backbone of its work into a universal immune receptor technology platform in the up-and-coming field of CAR-T.

COVID-19 has put many SMEs under existential threat. In reaction to the current climate, some lenders have seen 2000% rise in SME loan applications. SMEs need to access loans quickly and easily. Can traditional lenders’ cumbersome loan processes keep up with the demanding times? Or will SMEs look elsewhere?

Along with a multitude of other habits of our lives, retail habits have dramatically changed during the pandemic. With many bricks-and-mortar shops forced to shut down and consumers too nervous to go to the ones still open, e-commerce has been experiencing huge growth.

COVID-19 has dramatically changed our everyday habits. We’ve further adopted a digital-first lifestyle and have now found ways to do almost everything online.

The Australian superannuation industry consists of five different types of superannuation funds; Industry funds, Public sector funds, retail funds, corporate funds and self-managed superannuation funds (SMSFs).

COVID-19 has not only caused fear, shock and volatility to rip through the market, but has also pulled the carpet out under most businesses. Many, if not all have been impacted by the crisis to some degree. Some have been able to get away with reinventing themselves slightly by  reorganising employees to work remotely and conduct meetings online. The hospitality industry is offering take-away only and others have been forced to completely reconsider what they do. Many have lost the very premise of their existence with no other option than to close for good. 

This week we were joined in office by Prescient Therapeutics (ASX: PTX) CEO and Managing Director Steven Yatomi-Clarke for an investor and industry update in the personalised medicine and cancer therapy space. 

CEOs and advisers must get ready for new ways of working. Businesses are starting to understand that as social distancing restrictions begin to ease in the coming months, we’ll not be going “back to normal” anytime soon, if ever.

The Australian iron ore sector emerges from COVID-19 with opportunities to expand and diversify, but Chinese boycott remains a risk