News

The head of Eli Lilly, David Ricks, opposes tariffs on Australian pharmaceuticals despite lobbying efforts by the industry to pressure the US government into imposing them. Ricks emphasizes the need for addressing non-tariff trade barriers related to market access and fair valuation principles, while both sides of Australian politics remain committed to protecting the PBS.

Prime Minister Anthony Albanese will call a federal election for May 3rd, kicking off a five-week campaign where the cost of living and potential for a hung parliament are expected to be key issues. Both major parties have outlined significant promises to attract voters, with Labor focusing on tax cuts, childcare, and student debt reduction, while the Coalition proposes fuel excise cuts, nuclear power, and other measures to be announced.

The Senate's approval of a five dollar-a-week tax cut, supported by the crossbench but opposed by the Coalition, has ignited a heated debate between the major parties on who can best address the rising cost of living ahead of the upcoming election. This unexpected addition to the federal budget has become a key point of contention, with Labor criticizing the Coalition for "saying no to everything" and voting against tax cuts for all...

Opposition leader Peter Dutton has faced several major political decisions with mixed results, including supporting a "no" vote on the Voice to Parliament and opposing Labor's Stage 3 tax changes. His latest decision to oppose small tax cuts sends a signal of breaking the conservative mold, potentially setting up a "hip-pocket auction" during the campaign against Labor's "modest" tax relief.

The Northern Territory government has scrapped its 50% renewable energy target, citing cost concerns and instead focusing on gas-fired power and the development of the Beetaloo Basin. This decision has been met with criticism from environmental groups who argue that it will harm the environment and leave the NT behind other states in the transition to renewables.