[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Media Man Int [@mediamanint](/creator/twitter/mediamanint) on x 1336 followers Created: 2025-07-17 10:31:39 UTC News, Biz, Markets, Mining, Metals, Politics, Culture, Brands: Australia and World July 17, 2025 Australian Dollar: $XXXXXX USD (up $XXXXXX USD) Iron Ore: $XXXXX USD (up $XXXX USD) Oil: $XXXXX USD (down $XXXX USD) Gold: $XXXXXXXX USD (up $XXXXX USD) Copper: $XXXXXX USD (up $XXXXXX USD) Bitcoin: $XXXXXXXXXX USD (up 2.4%) Dow: XXXXXXXXX (up XXXXXX points) News Albanese firm with Li on investor rules Prime Minister Anthony Albanese has responded to criticism of Australia's foreign investment policy by China's Premier Li Qiang. The issue of restrictions on Chinese investment in assets such as critical infrastructure was raised by Li during official talks with Albanese on Tuesday. Li said he hoped that Australia can provide a "fair, open and non-discriminatory" business environment for Chinese enterprises. Albanese has emphasised that foreign investment decisions are made on a case-by-case basis rather than any one country, and all such decisions are based on national interest grounds. (RMS) News Labor and Coalition in lockstep as Trump threatens to pull pharma tariffs forward US President Donald Trump has indicated that a proposed new tariff on pharmaceutical products could be imposed by the end of July. Trump recently flagged a lead-in time of at least XX months for the tariff of up to XXX per cent on pharmaceutical imports. He has now suggested that the tariff will initially be low, before rising to a "very high" level in a year or so. Australia exported about $2.2bn worth of pharmaceutical products to the US in 2024. The federal government has previously ruled out using the Pharmaceutical Benefits Scheme as a 'bargaining chip' in tariff negotiations with the Trump administration, and shadow trade minister Kevin Hogan says the Coalition will work co-operatively with the government to defend the PBS. News Miners warn of carbon credit cliff Rio Tinto has used its submission to the Productivity Commission's so-called 'five pillars' productivity review to call for action to increase the supply of Australian Carbon Credit Units. Rio Tinto noted that mining industry analysts have forecast a potential shortage of ACCUs by 2030. The Minerals Council of Australia has in turn warned that failure to increase the supply of "low-cost, high-integrity" ACCUs will increase the cost of Australia's transition to net zero and threaten the viability of industrial facilities that are subject to the federal government's safeguard mechanism. (Roy Morgan Summary) News Meta's warning to PM on AI laws Social media giant Meta has defended the use of Australians' personal data to train its artificial intelligence platforms. Meta has argued in its submission to the Productivity Commission's "five-pillars" productivity inquiry that it needs this data to ensure that its AI bots can authentically replicate how Australians speak and interact. Meta also cautioned that any changes to the nation's privacy laws must take into account "innovation and economic interests". Amazon in turn has argued that any changes to privacy laws must strike a balance between protecting privacy and enabling legitimate business activities. (RMS) News Scrap the MARS contract: unions The union movement has doubled down on its criticism of the federal government's decision to have the Northern Endeavour floating oil platform dismantled in Denmark. The $35.6m contract was awarded to US-based Modern American Recycling Services, whose shipyard in Denmark has come under scrutiny over its workplace safety record. Thomas Mayo from the Maritime Union contends that if an offshore shipyard was the government's only option, it should have chosen one that meets the highest global safety and environmental standards. Paul Farrow from the Australian Workers' Union in turn says the government must explain why it chose MARS when local companies had tendered for the contract. (RMS) News Coal plant closure heaps pressure on Allan to accelerate renewables Andy Smith from the Mining & Energy Union says it appears to be increasingly likely that the operating life of Victoria's Yallourn coal-fired power station will need to be extended. Energy Australia plans to permanently shut down the state's oldest power station in mid-2028; Smith argues that the government must reveal how it will address the looming electricity supply gap, given that no offshore wind farm projects will be operational until 2030 at the earliest. A government spokesman has stated that the timetable for Yallourn's closure has not changed. (Roy Morgan Summary) News Shares slide as sentiment sours; NAB drops The Australian sharemarket retreated on Wednesday, with the S&P/ASX XXX shedding XXX per cent to close at XXXXXXX points. The local bourse took its lead from Wall Street, which fell after the latest US inflation data pared expectations that the Federal Reserve will reduce the cash rate in September. National Australia Bank was down XXX per cent at $38.27, BHP ended the session XXX per cent lower at $XXXXX and CSL fell XXX per cent to $XXXXXX. However, Iluka Resources was up XXX per cent at $XXXX and Megaport rose XXX per cent to $XXXXX. (RMS) News Bitcoin reserve delivers for ASX small caps Locate Technologies' decision in late May to invest in bitcoin has proven to be an astute move, given that the price of the cryptocurrency recently rose above $US123,000 for the first time. Locate Technologies bought XX bitcoin tokens in June, at prices of between $US100,783 and $US106,110. CEO Steve Orenstein concedes that the company's plans to establish a bitcoin 'treasury' had received a mixed response from shareholders. However, he believes that bitcoin will eventually be on the balance sheet of every company. (RMS) News Brand News via Media Man Netflix wins Media Man 'Brand Of The Month'; Runner-up: MAX/HBO WWE wins Media Man 'Wrestling Promotion Of The Month' award UFC wins Media Man 'MMA Promotion Of The Month' award TKO Group wins Media Man 'Entertainment Promoter Of The Month' award AEW wins Media Man 'Challenger Brand Of The Month' award Prime wins Media Man 'Beverage Of The Month' award Nespresso wins Media Man 'Coffee Brand Of The Month' award; Runner-up: Claudio's Cafe Media Man Int Google News Business News Finance News Technology News Comms News Brand News Watercooler Media Man #Markets #Metals #Mining #Politics #Crypto #Google #GoogleNews #GoogleFinance #Yahoo #YahooFinance #BusinessNews #Finance #FinanceNews #Brands #BrandNews #Comms #Marketing #Tech #TechNews #Portal #Portals #PopCulture #PopCultureNews #OnlineNews #NewsMedia #trend #trends #buzz #watercooler #cafenews #media #mediaman #XNews #XBrands #XMedia  XXX engagements  **Related Topics** [investment](/topic/investment) [dow](/topic/dow) [united states dollar](/topic/united-states-dollar) [money](/topic/money) [australian dollar](/topic/australian-dollar) [australia](/topic/australia) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [Post Link](https://x.com/mediamanint/status/1945793512823476429)
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Media Man Int @mediamanint on x 1336 followers
Created: 2025-07-17 10:31:39 UTC
News, Biz, Markets, Mining, Metals, Politics, Culture, Brands: Australia and World
July 17, 2025
Australian Dollar: $XXXXXX USD (up $XXXXXX USD) Iron Ore: $XXXXX USD (up $XXXX USD) Oil: $XXXXX USD (down $XXXX USD) Gold: $XXXXXXXX USD (up $XXXXX USD) Copper: $XXXXXX USD (up $XXXXXX USD) Bitcoin: $XXXXXXXXXX USD (up 2.4%) Dow: XXXXXXXXX (up XXXXXX points)
News
Albanese firm with Li on investor rules
Prime Minister Anthony Albanese has responded to criticism of Australia's foreign investment policy by China's Premier Li Qiang. The issue of restrictions on Chinese investment in assets such as critical infrastructure was raised by Li during official talks with Albanese on Tuesday. Li said he hoped that Australia can provide a "fair, open and non-discriminatory" business environment for Chinese enterprises. Albanese has emphasised that foreign investment decisions are made on a case-by-case basis rather than any one country, and all such decisions are based on national interest grounds. (RMS)
News
Labor and Coalition in lockstep as Trump threatens to pull pharma tariffs forward
US President Donald Trump has indicated that a proposed new tariff on pharmaceutical products could be imposed by the end of July. Trump recently flagged a lead-in time of at least XX months for the tariff of up to XXX per cent on pharmaceutical imports. He has now suggested that the tariff will initially be low, before rising to a "very high" level in a year or so. Australia exported about $2.2bn worth of pharmaceutical products to the US in 2024. The federal government has previously ruled out using the Pharmaceutical Benefits Scheme as a 'bargaining chip' in tariff negotiations with the Trump administration, and shadow trade minister Kevin Hogan says the Coalition will work co-operatively with the government to defend the PBS.
News
Miners warn of carbon credit cliff
Rio Tinto has used its submission to the Productivity Commission's so-called 'five pillars' productivity review to call for action to increase the supply of Australian Carbon Credit Units. Rio Tinto noted that mining industry analysts have forecast a potential shortage of ACCUs by 2030. The Minerals Council of Australia has in turn warned that failure to increase the supply of "low-cost, high-integrity" ACCUs will increase the cost of Australia's transition to net zero and threaten the viability of industrial facilities that are subject to the federal government's safeguard mechanism. (Roy Morgan Summary)
News
Meta's warning to PM on AI laws
Social media giant Meta has defended the use of Australians' personal data to train its artificial intelligence platforms. Meta has argued in its submission to the Productivity Commission's "five-pillars" productivity inquiry that it needs this data to ensure that its AI bots can authentically replicate how Australians speak and interact. Meta also cautioned that any changes to the nation's privacy laws must take into account "innovation and economic interests". Amazon in turn has argued that any changes to privacy laws must strike a balance between protecting privacy and enabling legitimate business activities. (RMS)
News
Scrap the MARS contract: unions
The union movement has doubled down on its criticism of the federal government's decision to have the Northern Endeavour floating oil platform dismantled in Denmark. The $35.6m contract was awarded to US-based Modern American Recycling Services, whose shipyard in Denmark has come under scrutiny over its workplace safety record. Thomas Mayo from the Maritime Union contends that if an offshore shipyard was the government's only option, it should have chosen one that meets the highest global safety and environmental standards. Paul Farrow from the Australian Workers' Union in turn says the government must explain why it chose MARS when local companies had tendered for the contract. (RMS)
News
Coal plant closure heaps pressure on Allan to accelerate renewables
Andy Smith from the Mining & Energy Union says it appears to be increasingly likely that the operating life of Victoria's Yallourn coal-fired power station will need to be extended. Energy Australia plans to permanently shut down the state's oldest power station in mid-2028; Smith argues that the government must reveal how it will address the looming electricity supply gap, given that no offshore wind farm projects will be operational until 2030 at the earliest. A government spokesman has stated that the timetable for Yallourn's closure has not changed. (Roy Morgan Summary)
News
Shares slide as sentiment sours; NAB drops
The Australian sharemarket retreated on Wednesday, with the S&P/ASX XXX shedding XXX per cent to close at XXXXXXX points. The local bourse took its lead from Wall Street, which fell after the latest US inflation data pared expectations that the Federal Reserve will reduce the cash rate in September. National Australia Bank was down XXX per cent at $38.27, BHP ended the session XXX per cent lower at $XXXXX and CSL fell XXX per cent to $XXXXXX. However, Iluka Resources was up XXX per cent at $XXXX and Megaport rose XXX per cent to $XXXXX. (RMS)
News
Bitcoin reserve delivers for ASX small caps
Locate Technologies' decision in late May to invest in bitcoin has proven to be an astute move, given that the price of the cryptocurrency recently rose above $US123,000 for the first time. Locate Technologies bought XX bitcoin tokens in June, at prices of between $US100,783 and $US106,110. CEO Steve Orenstein concedes that the company's plans to establish a bitcoin 'treasury' had received a mixed response from shareholders. However, he believes that bitcoin will eventually be on the balance sheet of every company. (RMS)
News
Brand News via Media Man
Netflix wins Media Man 'Brand Of The Month'; Runner-up: MAX/HBO
WWE wins Media Man 'Wrestling Promotion Of The Month' award
UFC wins Media Man 'MMA Promotion Of The Month' award
TKO Group wins Media Man 'Entertainment Promoter Of The Month' award
AEW wins Media Man 'Challenger Brand Of The Month' award
Prime wins Media Man 'Beverage Of The Month' award
Nespresso wins Media Man 'Coffee Brand Of The Month' award; Runner-up: Claudio's Cafe
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