Live ASX News Today
Proteomics’ (ASX:PIQ) predictive test for diabetic kidney disease can save US$384 billion in ten years
Proteomics International Laboratories Ltd (ASX:PIQ) has announced that testing for diabetic kidney disease with the PromarkerD prognostic blood test could save US payers almost US$400 billion over 10 years, research suggests.
Image: © Dacasdo | Megapixl.com
The revolutionary PromarkerD test is the first test adept of forecasting the beginning of diabetic kidney disease in patients with type 2 diabetes.
It is touted as the world’s first predictive test for diabetic kidney disease (DKD).
The United States is home to 31 million adults with diabetes who are at risk of DKD.
Private consultant Boston Healthcare Associates shaped the budget impact of using PromarkerD equated to the present standard of care, to proactively test for diabetic kidney disease in patients with type 2 diabetes but who otherwise have no sign of kidney disease.
It found the test can result in net savings to Medicare and commercial insurers of US$384 billion over 10 years.
In the US, instigating the simple test, set at US$150 for an annual testing regime, would cost $8.9 billion annually, however, could produce savings of US$473 billion over ten years. Savings erupt mainly from slackening the advancement of diabetic kidney disease, tracked by advantages from delaying or preventing dialysis and kidney transplants, and a decrease in dialysis crashes.
Southern Cross Media (ASX:SXL) strikes agreement with Network 10 to broadcast channels
One of Australia’s leading media companies, Southern Cross Media Group Limited (ASX:SXL) has struck a deal with Network 10 to broadcast channels 10, 10 Bold, 10 Peach and 10 Shake in the three aggregated markets of regional Queensland, Southern NSW and regional Victoria for two years starting 1 July 2021.
SXL was in collaborative discussions with Network 10 since past three months that had the respective sales, technical, and operations teams working closely to ensure a seamless transition to Network 10 programming on 1 July 2021.
Image: © Retina2020 | Megapixl.com
Network 10’s suite of highly successful programs include MasterChef Australia, Australian Survivor, The Bachelor Australia, The Masked Singer, The Project and live A-League, Westfield WLeague, Socceroos, Matildas and FFA Cup matches.
SCA’s television business continues to include program supply agreements with Seven West Media Limited (ASX:SWM) covering the Tasmania, Darwin, Central and Spencer Gulf markets until 30 June 2022.
SCA also takes care of broadcasting of Nine and Network 10 programming in Spencer Gulf.
From 1 August 2021, SCA will broadcast Sky News Regional – featuring news, weather, national affairs and sport from Sky News Australia and FOX SPORTS – in regional markets across Victoria, Southern NSW, Queensland and Spencer Gulf.
Total Brain (ASX:TTB) enters into loan agreements worth A$1.8 million
Total Brain Limited (ASX:TTB) has announced that it has entered into an unsecured loan agreement with Zoltan Varga (substantial 19.9% shareholder), Louis Gagnon (Managing Director & CEO), David Torrible (Non-Executive Director), David Daglio (NonExecutive Director), Matt Mund (COO), and an unrelated third-party non-professional lender, who is not a shareholder.
Australia Post starts selling ZOLEO device of Beam Communications (ASX:BCC)
Beam Communications Holdings Ltd (ASX:BCC) had shared that Australia Post Group has begun online sales of the Beam designed and developed ZOLEO device.
Beam Communications also stated that Australia Post will start stocking the product at their outlets before the end of this month.
Consumers can currently purchase ZOLEO from the Australia Post website, which is one of the nation’s most popular online shopping destinations that attracts millions of visitors a year.
ZOLEO will be initially stocked at 125 regional and rural outlets across the country that were selected by Australia Post for their high sell-through rates. These include Mount Isa in Queensland, Kalgoorlie in Western Australia and Lakes Entrance in Victoria – just to name a few.
Image: © Toxawww | Megapixl.com
ZOLEO will also attract caravaners, boaters, skiers and hikers who keep paying visits to regional Australia. The device allows subscribers to seek for help and keep in touch with friends and family from everywhere.
Aussies are the world's wealthiest people, says Credit Suisse
Source: © Iqoncept | Megapixl.com
The millionaires club in Australia is no longer confined to the super-rich and renowned. According to a new analysis from Credit Suisse, there are as many as 1.8 million millionaires in Australia today based on net household worth.
According to the report, Australians are the world's wealthiest people, with a median adult wealth of US$238,070, and the number of billionaires in Australia will reach about 3.1 million by 2025.
The majority of Australians' wealth comes from owning company shares and homes, which have risen in value due to historically low-interest rates throughout the epidemic.
Australia saw the third-highest increase of millionaires during the epidemic last year, with 392,000 people joining the once-exclusive club by 2020.
According to Credit Suisse, approximately one out of every 10 Australian adults is now a millionaire in US dollars, meaning that there are many more billionaires in local currency.
Indian multinational conglomerate Reliance commits US$10 billion towards clean energy
Source: © Allexxe | Megapixl.com
Indian multinational conglomerate Reliance Industries Limited – the operator of the world’s biggest refinery located in Jamnagar in western India has made commitments to invest US$10.1 billion towards clean energy in the next three years.
- The key decision is attributed to the company’s long-term goal to become carbon neutral by 2050, like its peers Royal Dutch Shell Plc and BP Plc.
- Regulators and policymakers across the globe want financial institutions to do more to accelerate the push to a low carbon economy and meet UN sustainable development goals.
- The company will invest INR 600 billion to build four Giga factories in Jamnagar to produce energy storage batteries, solar cells and green hydrogen.
Rio Tinto and Schneider enters an MoU for decarbonisation solutions
Source: Copyright © 2021 Kalkine Media
The world's second-largest metals and mining corporation, Rio Tinto (ASX: RIO), has signed an MoU with Schneider Electric to develop digital platforms, solutions and technologies to deploy across metals and mining supply chain.
- Both the companies inked the memorandum to develop a sustainable and circular market for their customers.
- Under the agreement, Schneider Electric will use responsibly sourced minerals produced by mining behemoth, including low-carbon copper and aluminium. In turn, to supply, Rio will use Schneider's energy and industrial services.
- Working in the partnership will allow both the companies to pursue opportunities beyond the ownership of both the firms.
Lockdown resumes in Sydney as NSW wrestles with new 22 COVID-19 cases
Source: © Yuryz | Megapixl.com
As Australia's major metropolis faces with a fast-growing Covid eruption, widespread new constraints will be imposed across Sydney, with 22 new instances of COVID-19 registered in New South Wales (NSW).
This is the largest daily increase since the outbreak began, bringing the total number of cases in the Sydney cluster to almost 70.
As NSW continues to combat a COVID cluster, hundreds of thousands of residents in the local government districts of Randwick, Sydney, Waverley, and Woolhara have been advised to stay at home.
Gladys Berejiklian, the Premier of New South Wales, declared that everybody who works in those local government areas (LGAs) should also stay at home, even though they reside elsewhere.
Moreover, residents must work from home, attend school from home, and only leave their homes for essential shopping, medical care, or exercise while the lockdown is in effect.
In addition, the Greater Sydney Region's mask-wearing restrictions have been expanded, and Sydney residents in regional NSW have been required to wear masks.
According to NSW's Chief Health Officer, case numbers are projected to grow further in the coming days, when more close contacts test positive for the highly virulent Delta strain.
In Australia, which has a population of 26 million people, the epidemic has claimed 910 lives. An 80-year-old man who became contaminated abroad and was diagnosed in hotel isolation was the sole COVID-19 death since October.