Leg

Tougher merger laws will boost competition and improve performance and productivity

Retrieved on: 
Wednesday, April 10, 2024

This is because a market economy, based on companies and individuals pursuing their own interests, only works if those companies and individuals face sufficient competition.

Key Points: 
  • This is because a market economy, based on companies and individuals pursuing their own interests, only works if those companies and individuals face sufficient competition.
  • If Treasury and the Reserve Bank are now doing analysis, this indicates they clearly understand Australia’s competition problem.
  • The increased competition that will result will drive better performance and so productivity.

What’s in the reforms?

  • And the ACCC should decide if a merger will substantially lessen competition.
  • These are economic judgements that are poorly suited to first instance decision making by a court.
  • Third, and also hugely important, the reforms mean a merger cannot proceed if it creates, strengthens or entrenches substantial market power.
  • They have wanted proof it will be used in ways that reflect inadequate competition, even though the merger has not happened yet.
  • It recognises that substantial market power should be prevented, and certainly not strengthened or entrenched.
  • The latest merger that triggered the investigation can be stopped, as presumably will be others that may have followed.

What’s not yet in the reforms?

  • The treasurer has, however, indicated the thresholds will be set to capture the number of merger assessments the ACCC does now.
  • The ACCC’s approach to this was to be able to “call in” problematic mergers below the thresholds, but the treasurer has rejected this idea.
  • This suggests the thresholds should be set at a lower level than seems to be envisaged.
  • They reflect a healthy approach to increased competition in our economy which will benefit consumers, most businesses, and the wider economy.


Professor Rod Sims is an expert adviser to the Commonwealth Treasury’s Competition Task Force. He was Chair of the ACCC from 2011-2022.

Fossil beetles found in a Botswana diamond mine help us to reconstruct the distant past

Retrieved on: 
Wednesday, April 10, 2024

One of the few Cretaceous age deposits that’s been discovered in Africa is at Botswana’s Orapa Diamond Mine.

Key Points: 
  • One of the few Cretaceous age deposits that’s been discovered in Africa is at Botswana’s Orapa Diamond Mine.
  • Recently a team I lead discovered two new species of rove beetles preserved in the sediments of the Orapa Diamond Mine.
  • Rove beetles are typically identified by their unique short elytra (protective wing cases) which expose the rest of the abdomen.
  • Our finds are the first fossil rove beetles ever discovered on the continent and in the southern hemisphere.
  • The fossils closely resemble today’s rove beetles, showing how successful they’ve been in adapting to various environments without significant changes to their bodies.

Identifying the fossils

  • We found the fossils in lacustrine sediments (deposits that accumulate in lake environments).
  • Afristenus orapensis belongs to the stenine rove beetle subgroup while Paleothius mckayi belongs to the subgroup staphylinine.
  • The stenine rove beetle was previously described in Russia, France and Myanmar while the staphylinine rove beetle was previously described in Russia, China, Myanmar and England.
  • So we scoured research articles about fossils of a similar age that have already been studied elsewhere for comparative purposes.

More to find

  • We are currently studying each specimen and preparing academic manuscripts that describe what we’ve found.
  • My hope is that more money will be invested in training more palaeoentomologists in South Africa and on the continent more broadly.
  • The study of fossil insects and plants is an important way to preserve our beloved continent’s heritage.


Sandiso Mnguni receives funding from GENUS (Centre of Excellence in Palaeosciences - UID 86073). He is affiliated with the Sophumelela Youth Development Programme (SYDP).

UMeWorld to Debut the World's First & Only Weight Loss Cooking Oil in the US

Retrieved on: 
Tuesday, April 9, 2024

In order to capitalize on the exclusive license, UMeWorld plans on constructing a state-of-the-art DAG cooking oil pilot plant in Miami Florida which is slated to break ground in 2024.

Key Points: 
  • In order to capitalize on the exclusive license, UMeWorld plans on constructing a state-of-the-art DAG cooking oil pilot plant in Miami Florida which is slated to break ground in 2024.
  • This revolutionary cooking oil not only promises to redefine culinary standards but also promotes healthy living because Diacylglycerol (DAG) oil can actually help people lose weight making DAG the world's only ‘weight loss cooking oil’.
  • DAG oil boasts superior digestibility which ensures minimal fat storage, aligning perfectly with weight loss dietary guidelines established to treat lifestyle diseases such as obesity and insulin resistance.
  • “We’re going after a huge segment of the market with our exclusive DAG weight loss cooking oil and enzymatic refining process.

LSU Researchers' Nootkatone Studies Could Lead to Prevention of Lyme Disease

Retrieved on: 
Tuesday, April 9, 2024

The LSU researchers propose decreasing the cost of the nootkatone synthesis, making any products made with the compound affordable to the general public.

Key Points: 
  • The LSU researchers propose decreasing the cost of the nootkatone synthesis, making any products made with the compound affordable to the general public.
  • “The family of compounds that make up nootkatone is already proven to be both safer and more effective than existing commercial repellents,” principal investigator Dooley said.
  • Years ago, Laine discovered the efficacy of nootkatone as an insect repellent while collaborating with retired LSU AgCenter Entomologist Gregg Henderson in Laine’s lab.
  • Mosquito nets could be covered with it, or they could have cloth ankle bands with nootkatone so ticks can’t crawl up your leg.

Alloy Receives Significant Investment from Purpose Group to Accelerate Growth Strategy

Retrieved on: 
Monday, April 8, 2024

Both Atlanta-based, Alloy is Purpose Group’s second portfolio company.

Key Points: 
  • Both Atlanta-based, Alloy is Purpose Group’s second portfolio company.
  • “The investment from Purpose Group is more than just growth capital,” said Alloy CEO Raj Choudhury.
  • Purpose Group’s investment in Alloy will go directly to value creation - fueling the agency’s strong go-to-market and corporate growth strategies.
  • “For over a decade, Alloy has been at the forefront of marketing innovation,” Purpose Group’s largest investor David Cummings said.

Alloy Receives Significant Investment from Purpose Group to Accelerate Growth Strategy

Retrieved on: 
Monday, April 8, 2024

Both Atlanta-based, Alloy is Purpose Group’s second portfolio company.

Key Points: 
  • Both Atlanta-based, Alloy is Purpose Group’s second portfolio company.
  • “The investment from Purpose Group is more than just growth capital,” said Alloy CEO Raj Choudhury.
  • Purpose Group’s investment in Alloy will go directly to value creation - fueling the agency’s strong go-to-market and corporate growth strategies.
  • “For over a decade, Alloy has been at the forefront of marketing innovation,” Purpose Group’s largest investor David Cummings said.

TWISTED TEA HARD ICED TEA UNVEILS GAME-CHANGING TWIST FOR GOLFERS: CHEATER PANTS

Retrieved on: 
Tuesday, April 2, 2024

Boston, MA, April 02, 2024 (GLOBE NEWSWIRE) -- Twisted Tea Hard Iced Tea, the masterminds behind everyone's favorite hard iced tea, is shaking up the golf world with its newest creation: Twisted Tea Cheater Pants.

Key Points: 
  • Boston, MA, April 02, 2024 (GLOBE NEWSWIRE) -- Twisted Tea Hard Iced Tea, the masterminds behind everyone's favorite hard iced tea, is shaking up the golf world with its newest creation: Twisted Tea Cheater Pants.
  • Like any pair of golf pants, Twisted Tea Cheater Pants have pockets.
  • Once you sink it, crack open an ice-cold Twisted Tea to celebrate— it's tea time on the green!
  • A golf essential, Twisted Tea kicks the fun up a notch with real tea flavor and 5% ABV.

2024 USO Service Members of the Year and Vice Chairman of AMB Sports and Entertainment to Be Recognized at USO Gala

Retrieved on: 
Monday, April 1, 2024

The USO Gala, on April 11 at The Anthem in Washington, D.C., will also recognize Steve Cannon, Vice Chairman of AMB Sports and Entertainment, Army veteran and member of the USO Global Advisory Council, with the USO Merit Award.

Key Points: 
  • The USO Gala, on April 11 at The Anthem in Washington, D.C., will also recognize Steve Cannon, Vice Chairman of AMB Sports and Entertainment, Army veteran and member of the USO Global Advisory Council, with the USO Merit Award.
  • Steve Cannon, who will receive the USO Merit Award, serves as Vice Chairman of AMB Sports and Entertainment (AMBSE), a for-profit holding group under the Arthur M. Blank Family of Businesses.
  • The USO Service Members of the Year were nominated by command leadership from each military branch and final selections were made by a USO committee.
  • For more information about the 2024 USO Service Members of the Year, visit https://www.uso.org/stories/3733-meet-the-2024-uso-service-members-of-th...

Kane Biotech Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 26, 2024

WINNIPEG, Manitoba, March 26, 2024 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”) today announces its fourth quarter and full year 2023 financial results.

Key Points: 
  • WINNIPEG, Manitoba, March 26, 2024 (GLOBE NEWSWIRE) -- Kane Biotech Inc. (TSX- V:KNE; OTCQB:KNBIF) (the “Company” or “Kane Biotech”) today announces its fourth quarter and full year 2023 financial results.
  • On December 20, 2023, Kane Biotech announced that it received a non-binding offer for its interest in STEM Animal Health.
  • Gross profit for the fourth quarter of 2023 was $398,234, an increase of 24% compared to $320,653 for the fourth quarter ended December 31, 2022.
  • Loss for the fourth quarter of 2023 was ($1,611,894), an increase of 92% compared to ($838,150) for the quarter ended December 31, 2022.

Clarius and ThinkSono Introduce a New AI-Guided Ultrasound System Enabling Rapid Assessments of DVTs

Retrieved on: 
Friday, April 5, 2024

VANCOUVER, BC, April 5, 2024 /PRNewswire/ -- Clarius Mobile Health, a leading provider of high-definition handheld ultrasound systems, and ThinkSono, a pioneering medical technology company specializing in ultrasound artificial intelligence (AI) guidance solutions, are introducing a new AI-guided ultrasound system in Europe, which will improve the efficiency of detecting deep vein thrombosis (DVT). ThinkSono Guidance, an AI App that pairs with Clarius ultrasound scanners, recently attained Class llb CE mark regulatory approval.

Key Points: 
  • ThinkSono Guidance, an AI App that pairs with Clarius ultrasound scanners, recently attained Class llb CE mark regulatory approval.
  • ThinkSono Guidance enables non-ultrasound trained healthcare professionals to use the Clarius handheld ultrasound scanner to collect DVT exam data for a qualified clinician to review.
  • ThinkSono now uses Clarius' Solum software development kit (SDK), enabling the company to create a bespoke solution tailored to their DVT application.
  • The Clarius SDK suite empowers third party developers to seamlessly integrate AI-powered ultrasound software with Clarius handheld ultrasound systems, the Clarius App, and the Clarius Cloud exam management platform.