AGP Executive Report
Last update: 2 hours agoConsumer Health Recall: Touch Biotechnology’s at-home chlamydia/gonorrhoea test has been pulled after TGA review found it’s unreliable and can produce false negatives, with supply halted while further checks are done. Mortgage & Lending Pressure: Equifax data shows national mortgage demand fell 14% year-on-year, with WA the standout at -8.5% and personal loans up 7.1%—a sign borrowers are getting more cautious. Payments Reform Debate: A fintech executive argues Australia’s payments system is overregulated, calling for direct participation and a clearer liability framework to boost competition and consumer protection. AI Infrastructure Upside: IREN shares jumped after lifting its AI cloud revenue target to above $4bn for 2026, citing new multiyear customer contracts and prepayments. Food & Retail Product Launch: Mondelez and the Pioneers promote Philadelphia Protein Spread in Coles and Woolworths, pitching 5g protein per serve and 35% less fat. Self-Storage Expansion: StoreLocal opened a new Beaudesert facility with online booking, keyless access and 7am–10pm entry. Car Market Shift: Fiat has stopped importing new passenger vehicles into Australia, leaving the 500e/Abarth 500e effectively sidelined as buyers turn to cheaper Chinese options.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.