Business
Companies
CSL open to new manufacturing options after AstraZeneca production
The biotech giant says it can hit the 50 million dose mark by December and is in talks with the government about how else it can help fight the pandemic.
- by Emma Koehn
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Billionaires
Bill and Melinda Gates to divorce after 27 years of marriage
In a statement, the pair said “we no longer believe we can grow together.”
- by Dina Bass, Devon Pendleton and Sophie Alexander
Telstra blames COVID impact for ACMA fine
The telco giant has copped a $1.5 million fine for not letting consumers change their service while holding on to their existing phone number.
- by Supratim Adhikari
Music streaming giant Spotify funnels subscription income out of Australia
Music streaming giant Spotify has quietly shifted its subscription revenue out of Australia, moving it through its head office in Sweden instead.
- by Cara Waters
Internet trailblazers Yahoo and AOL sold, again, for $6.5 billion
Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to a private equity firm.
Transurban hopes to hitch ride on Biden’s road building spree
Transurban is hoping for a slice of US president Joe Biden’s $US2 trillion ($2.6 trillion) COVID-recovery infrastructure spending spree.
- by Patrick Hatch
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Retail
Gerry Harvey won’t follow Lew’s lead on returning JobKeeper funds
Billionaire retailer Solomon Lew’s decision to repay JobKeeper subsidies will not be followed by other notable recipients, including Harvey Norman founder Gerry Harvey.
- by Dominic Powell
Transurban says ACCC won’t block it from full WestConnex control
The toll road giant says the competition regulator will not stop it from taking full ownership of Sydney’s WestConnex. It expects the NSW government’s $10 billion-plus auction of the road to be finalised by October.
- by Patrick Hatch and Tom Rabe
Gupta touted bold plans as steel’s ‘saviour’. He didn’t deliver
In 2017, Sanjeev Gupta was the toast of Whyalla after buying its decades-old steel plant out of administration and announcing a more than $1 billion upgrade. But so far there’s little to show for it. It’s a story that has been repeated across his steel and aluminium empire.
- by Eddie Spence and Jack Farchy
WA media musings lead to on-air walk-back from Stokes’ former right-hand man
The ramifications of a concentrated West Australian media landscape were laid bare last week with a former editor in chief of the state’s only daily newspaper forced to apologise to his old boss.
- by Hamish Hastie
‘Indomitable spirit’ of young shoppers keeps Universal’s sales soaring
When asked why her fashion empire paid back $3m worth of JobKeeper funds, Universal Store boss Alice Barbery doesn’t blink.
- by Dominic Powell