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News.com.au
19 minutes ago
- News.com.au
Paul Shailer hits back at criticism to scratch Winx Guineas favourite Mister Bianco
Paul Shailer has hit back at criticism of his decision to scratch Mister Bianco from last weekend's Group 3 Winx Guineas (1600m), with the Gold Coast trainer insisting there were no suitable jockeys to ride the temperamental gelding. Shailer refuted suggestions that there were senior riders available to steer Mister Bianco in the Winx Guineas following a back injury to Ryan Maloney in an earlier race at the Sunshine Coast last Saturday, adding that he was 'comfortable' with the decision. in an industry that relied heavily on wagering turnover. However, Shailer insisted he had no option but to scratch Mister Bianco given the lack of experienced jockeys available on the day. The gelding's regular riders Michael Rodd (broken hand) and Andrew Mallyon (holidays) were unavailable to ride a horse that needed a jockey with 'quiet hands'. The Gai Waterhouse and Adrian Bott -trained The Three Hundred ended up taking out the Winx Guineas, thanks to a superb ride from in-form hoop Angela Jones. 'He was the favourite in a $300,000 race so obviously we had every intention of running the horse,' Shailer said. After learning of Maloney's injury, Shailer approached stewards, who told him there were only three jockeys available to ride Mister Bianco – apprentice Corey Sutherland, Adam Sewell and Scott Sheargold. Three hundred reasons to cheer! 🥳 The Three Hundred leads all the way in the G3 Winx Guineas at @SCTurfClub! Ange Jones with a winning double. @GaiWaterhouse1 @TrilogyRacing1 — SKY Racing (@SkyRacingAU) July 5, 2025 'Corey has ridden for me before and I've got no problem with him,' Shailer said. 'He's an apprentice who's just been granted his metropolitan licence so I certainly didn't think he'd be a suitable replacement. 'I say this with the utmost respect but these are the facts – Adam Sewell hasn't ridden a winner in his last 50 rides and he's only had one metropolitan ride in his last 50 rides. 'Scott has ridden two winners in his last 50 rides – one at Dalby and one at Kilcoy. 'He's had one metropolitan ride in his last 50, being at the Sunshine Coast on a Saturday on a horse that was 200-1. 'I've got nothing against these jockeys, I'm sure they're great human beings. 'But when they've got 100 rides between them and they've ridden two winners and they're riding the favourite in a $300,000 race on a horse that's been a work in progress and has its vices, I felt it wouldn't be fair to the punters or my connections that the horse goes around. 'My connections and myself were all in agreement that it was best for the horse's welfare and benefit that we scratch and save him for another day. 'Whether that's our right or not, people have their views on it and they're entitled to that, but we're entitled to our views on it.' Kyle Wilson-Taylor Doomben, before going for a spell.
News.com.au
19 minutes ago
- News.com.au
Opposition homes in on productivity after shock RBA rates hold
The opposition is homing in on productivity after the Reserve Bank of Australia chief cited it as a concern in her post-rates hold remarks. In a move that shocked financial traders and economists, the bank decided to hold the official cash rate at 3.85 per cent on Tuesday. The decision was not unanimous, with three monetary board members voting against a hold. Speaking afterward, RBA Governor Michele Bullock said she was not ready to say inflation had been 'nailed', noting underlying inflation had only been within the bank's target range for a quarter. She said one of the board's concerns was wages growth outstripping productivity – how efficiently labour can produce goods and services. Shadow treasurer Ted O'Brien said on Wednesday the Albanese government needed to 'put productivity as a priority so you see more growth in the private sector' rather than fuel the public sector growth. 'I think the priority of government has not been productivity,' Mr O'Brien told the ABC. 'And therefore, I welcome the fact that the government is now starting to look at it, and I've taken the treasurer at his word that he's actually going to take action.' Jim Chalmers has invited his opposition counterpart to take part in a productivity roundtable. Mr O'Brien said he was looking for options to 'drive three things'. 'One, incentives – incentives for the private sector, for businesses, for entrepreneurship, to basically have more investment, both domestically and internationally, coming into Australia,' he said. 'Secondly, capabilities – we need to ensure that we've got measures that grow, not just human capital, but also technology and broader investments so that we can build our sovereign capability in Australia. 'And, thirdly, flexibility – we've got to make sure that we are a nimble, agile economy.' Mr O'Brien said the 'only idea that is being brought forward' was the Labor's plan to rollback concessions on ultra-high super balances. But the Treasurer has taken a different view, insisting the Albanese government has been focused on productivity. 'Productivity is one of the big structural challenges in our economy,' Mr Chalmers said, also speaking to the ABC. 'It hasn't just shown up in the last couple of years – it's been a feature of our economy, unfortunately, for the last couple of decades. 'And so we did spend a big chunk of the first term working to make our economy more productive.' Pointing to competition policy and investments in upskilling, he said the government had 'had a big productivity agenda' but noted it was 'not one of those areas where you see quick wins'. 'We have got a big agenda, and the productivity roundtable is all about working out the next steps in that regard,' Mr Chalmers said. He added that 'it should be a source of considerable pride to Australians' that the country has managed to reel in inflation' and get it into the lower end of the RBA's target range. 'That's a good thing, as the Reserve Bank Governor acknowledged yesterday as well,' he said.
News.com.au
27 minutes ago
- News.com.au
‘Screw over': Truth about Donald Trump's plan to impose crippling 200 per cent tariffs on Australian pharmaceuticals
US President Donald Trump's plan to drop a 200 per cent tariff bomb on Australian pharmaceuticals is set to 'screw over' the sickest and most vulnerable in the United States suffering rare and life-threatening conditions including burns patients. As the Albanese Government scrambles to secure more information about the US government's latest plans, Australian officials are sounding the alarm given that pharmaceutical exports are worth over $2 billion a year. All plasma products collected in Australia stay here and are not exported to the US. Instead, the export issue relates to vaccines and blood products collected overseas and sent to Australia for processing before being returned to the US. President Donald Trump has threatened to introduce 200 per cent tariffs on pharmaceuticals – one of Australia's biggest exports to the US. Speaking to the media before a cabinet meeting, the President suggested the 'very, very high' levies on pharmaceuticals would not go into effect immediately, saying he would give drug manufacturers 'about a year, year and a half' to respond and relocate their operations to the US. 'They're going to be tariffs at a very high rate, like 200 per cent,' Mr Trump told reporters. 'We'll give them a certain period of time to get their act together,' he added, seemingly referring to drug manufacturers bringing back manufacturing into the US. Australia is subject to a 10 per cent 'baseline' tariff, which was the minimum rate imposed on all US trading partners by Mr Trump earlier this year. Australia's plasma exports to the US One of the biggest sections of the market includes blood products such as plasma products including exports linked to CSL Plasma which collects blood plasma in the United States. In 2023, Australia exported $1.42 billion of vaccines, blood, antisera, toxins and cultures, making it the 20th largest exporter of 208 in the world. Blood collection is a commercial operation in the United States, with plasma donors typically paid for their blood. CSL Plasma operates one of the world's largest and most sophisticated plasma collection networks, with nearly 350 plasma collection centers in the US and elsewhere. The blood products are mostly processed in the US but some are sent back to Australia to manufacture therapies for a variety of rare and life-threatening conditions. These conditions include primary immunodeficiencies, bleeding disorders like hemophilia, neurological disorders, and critical care needs like those arising from trauma or burns. One Australian official predicted that demand for the products would continue but the tariffs would 'screw over' patients relying on the notorious US healthcare system. Vulnerable patients will be hit with cost increases because the tariffs are paid by importers, not Australian exporters. CSL has a factory in Melbourne Biotech giant CSL has a plasma fractionation facility in Broadmeadows in Melbourne. The impact of the threatened tariffs relates to the commercial arm of CSL. which uses US blood products which are sourced in America and then processed in Australia before being sent back. 'Plasma manufacturing is a really fragile supply chain because it starts in a human vein,'' an industry source said. 'It's not a tap that you can turn on or off. You need people to vote with their feet to go into a facility that is enabled to collect plasma, and the demand for plasma products is growing globally each year.' 'Tariffs on pharmaceuticals impact the end user.' Treasurer Jim Chalmers 'very concerned' The Treasurer said on Wednesday that Washington's latest announcement was 'very concerning'. 'These are obviously very concerning developments,' Mr Chalmers told the ABC, adding that it had 'been a feature of recent months that we've had these sorts of announcements out of DC'. 'It's still early days. Obviously, we'll make a more detailed assessment of what's come out of the US in the usual way.' 'Our pharmaceuticals industry is much more exposed to the US market, and that's why we're seeking - urgently seeking - some more detail on what's been announced. 'But I want to make it really clear once again … our Pharmaceutical Benefit Scheme is not something that we're willing to trade away or do deals on – that won't change.' 'We've made it very clear that we think these tariffs are bad for the US, bad for Australia and bad for the global economy.' Mr Chalmers said one of the things the Albanese Government was 'most concerned' about was in addition to the direct impact on Australian workers and industries caused by this tariff, was the 'impact on global demand more broadly'. 'That's why we've been … at every opportunity, making the case that these tariffs are unjustified, they should be removed in line with our free trade agreement,' he said. The Prime Minister has described the taxes on Australian exports to the US as an 'act of economic self-harm'. 'Tariffs are a penalty on the country that is imposing them, because what they require is for goods to be purchased with a tax on top, and the US has made that decision,' the Prime Minister said. How plasma exports are used to help patients CSL Behring uses a process called plasma fractionation to separate the collected plasma into different components, such as immunoglobulins, coagulation factors, and other proteins. One example is helping people with bleeding disorders, with doctors utilising coagulation factors that are used to help patients with hemophilia and other bleeding disorders. Plasma-derived products are also used in emergency situations like severe trauma, burns, and shock to replace lost blood volume and proteins. For now, Australian officials concerned about the impact on blood product exports don't have full clarity on how it will impact the supply chain process.
