CSL prepares to slash R&D as it grapples with looming Trump tariffs
But after decades of robust earnings and share price growth, the gloss has well and truly come off the healthcare giant over the last three years.
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AU Financial Review
11 hours ago
- AU Financial Review
CSL prepares to slash R&D as it grapples with looming Trump tariffs
CSL appeared to be bulletproof for decades as Brian McNamee, its long-time chief executive turned chairman, led it the country's fourth-largest company through string of offshore acquisitions, transforming the Melbourne-headquartered biotech into a world leader in plasma-based products. But after decades of robust earnings and share price growth, the gloss has well and truly come off the healthcare giant over the last three years.
ABC News
11 hours ago
- ABC News
The "frank and fearless advice" Treasury gave to Jim Chalmers
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The Australian
12 hours ago
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A-League: Western United under pressure to pay wages on time
Western United players may consider strike action if the embattled A-League club is late in paying them for a fourth successive month. Despite the players having been assured by the club they will be paid on Tuesday, this month's pay day, they are ready to take action – with the backing of Professional Footballers Australia – should the 'trust' be broken. 'The club has assured the players that this month's wages will be paid on time and in full, and we trust that the club will keep its word in this respect,' a PFA spokesman said. 'It would be extremely disappointing if this turns out not to be the case and the players are left, once again, to fight for their most basic employment entitlement.' Such is United's financial state that players haven't been paid on time for the past three months, leading to the PFA lodging breach of contract notices with the club. On each of the three occasions, players and staff were paid within a 14-day deadline given by PFA to pay or run the risk of losing contracted players to other clubs. However, should wages again be late, the deadline could be limited to just two days, which if not met could lead to not only industrial action but also a demand that sporting sanctions be placed on United. United's plight also includes the club's proposed $100m sale to KAM Melbourne not yet being approved by the Australian Professional Leagues – which runs the A-League – despite the club having announced in early May the acquisition of a controlling stake to the subsidiary of American company KAM Sports. Should the ownership deal be rejected, there are grave fears about United's ongoing existence. United's other problems also include being banned by FIFA from registering players. The sanction is slapped on clubs for 'various infractions, such as financial disputes or regulatory breaches', according to FIFA's website. It's understood United's ban relates to a dispute between the club and its former striker, Aleksandar Prijovic. The registration ban means that new United signing, former Sydney FC attacker Jaiden Kucharski, won't be able to play for the club in its Australia Cup clash with the Sky Blues on July 29 at Ironbark Fields unless the matter is resolved before then. Marco Monteverde Sports reporter Marco Monteverde is a Brisbane-based sports reporter for NCA Newswire. He worked in a similar role for The Courier-Mail from 2007 to 2020. During a journalism career of more than 25 years, he has also worked for The Queensland Times, The Sunshine Coast Daily, The Fraser Coast Chronicle and The North West Star. He has covered three FIFA World Cups and the 2000 Sydney Olympics, as well as a host of other major sporting events in Australia and around the world. @marcothejourno Marco Monteverde
