Blood products and vaccines supplier CSL has reported a six per cent fall in annual profit and is tipping a slightly better earnings performance in 2022/23.
Scott Morrison has defended Australia's vaccine rollout while hinting the population could yet be fully inoculated against COVID-19 by the end of this year.
Australia has hit the half a million milestone for COVID-19 vaccinations but is way short of the four million jabs the government predicted just a few months ago.
Australians have been told to still expect their first dose of a coronavirus vaccine by October, with the federal government sticking by its time frame despite initial delays in the rollout.
A new flu vaccine manufacturing plant will be built in Melbourne to guard against future pandemics and provide antivenoms for some of Australia's most deadly creatures.
Australia will focus on bringing a growing list of people stranded overseas home before considering allowing international students into the country again.
The Australian share market has rallied hard in its final minutes for its best day ever after Prime Minister Scott Morrison announced the government's fiscal stimulus measures.
The Australian share market has shaken off a weak lead from Wall Street to rise early as government prepares to announce further economic support measures for businesses amid the COVID-19 pandemic.
CSL's full-year profit has risen 11 per cent to $US1.92 billion ($A2.82 billion), driven by disease diagnosis and global demand for its immunoglobulin portfolio.
The federal government has watered down planned changes to the research and development tax incentive scheme, which industry players say will improve its impact on productivity.
The $1.4 billion joint bid by Baosteel and Aurizon for control of Perth-based Aquila Resources marks a new wave of Chinese investment interest in WA's iron ore.
Perth-based burns treatment company Clinical Cell Culture Ltd has entered into a supply agreement with pharmaceutical company CSL Ltd for the supply of Trypsin, a key component of the Company's ReCell tissue harvesting device.