The ACCC has given the green light to an $8.8 billion merger between Chemist Warehouse and Sigma Healthcare.
The hearings will go from 10am to 5pm on most days for the next 2.5 weeks. First up today is the consumer group Choice, followed by other voices in the supply chain to supermarkets. A lot of people are observing, maybe they're holding off on announcing those elements of just how much and how because they know there is a possibility that Trump would get elected, which has happened.
"The ACCC's analysis found that the proposed merger is unlikely to substantially lessen competition nationally or locally because other pharmacies and non-pharmacy retailers will continue to compete to the same extent they compete now." "It might be inflationary in some ways, but it might be deflationary. Otherwise, if China ends up badly affected by this, and that badly affects us.
China's EV power has led the USA, EU and Canada to apply tariffs on EVs made in China in an attempt to protect their local industries from that stiff competition.The Reserve Bank's top executives are currently giving evidence before a Senate committee on economics legislation. "It's also pushing the US dollar up and other currencies down, but I would note other currencies have fallen by more than the Australian dollar in recent days, so on a trade weighted basis, we aren't much changed in terms of our exchange rate.
"And then finally, the big concern is large tariffs on China, which may have an adverse effect on us. The US Federal Reserve is widely expected to cut interest rates by 25 basis points on Friday morning . The US dollar hit a four-month high, making oil and gold more expensive for buyers holding other currencies .