19 April 2024
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AP/JAMES ROSS

5 things you need to know today

Switzer Daily
14 September 2020

1. Some businesses are set to reopen in Victoria from this week. The Victorian government also announced a $3bn "Business Survival and Adaptation Package" yesterday, to support Victorian businesses impacted by COVID-19 lockdowns.

2. Treasurer Josh Frydenberg told Rio Tinto's chairman, on Friday, to consider an Australian to assume the role of chief executive, after RIO's CEO stepped down last week. The Treasurer told the AFR that “Rio Tinto is one of the great companies of the world with a proud Australian history."

3. Sydney's housing market is showing signs that it's starting to stabilise. Sydney's preliminary clearance rate from CoreLogic figures was 70.4% with 606 listed properties, compared to Melbourne's preliminary clearance rate of 27.3% and just 14 homes listed.

4. A promising COVID-19 vaccine trial by AstraZeneca, which was put on hold last week due to safety concerns, has recommenced clinical trials after confirming the woman who experienced side effects was suffering from a spinal inflammatory disorder.

5. The Dow rose 0.48% to 27,665.64 on Friday, the S&P 500 was up 0.053% to 3,340.97 and the Nasdaq fell 0.60% to 10,853.54.

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