BUSINESS

Lay's will release five limited-edition holiday chip flavours in the United States, including roasted turkey, maple bacon, milk chocolate and Dubai-style dark chocolate varieties.

Elon Musk says he plans to give one SpaceX share to every child in the United States in 2027, but key details about eligibility, distribution and taxation remain unclear.

Samsung is heading for its most profitable quarter on record as AI demand drives memory-chip sales, but investors remain divided over slowing price growth, competition and cyclical risks.

Ingenia Communities shares climbed nearly 10% to A$4.65 on Tuesday amid unusually heavy trading, despite no immediately identifiable new announcement and a 17% decline over the past year.

Austal shares rose 7.5% as investors assessed potential interest in Austal USA, while the company's growing defence order book supported a recovery despite earnings concerns.

Cochlear shares rose 5.4% on Tuesday, extending a partial recovery from April's historic sell-off as investors weigh new products, demand concerns and upcoming guidance.

Domino's Pizza Enterprises shares rose 4.18% as investors supported its business reset, despite lower fiscal 2026 revenue, a statutory loss and weaker same-store sales.

Orora shares rose 3.6% to A$1.44 on Tuesday, offering limited relief after a difficult year marked by a €450 million Saverglass writedown and a 28% annual decline.

National Australia Bank plans to eliminate up to 2,500 domestic roles by mid-2027, reduce consultant reliance and redirect savings towards technology and operational efficiency.

Advanced Micro Devices shares gained nearly 4% as semiconductor stocks recovered from last week's sharp sell-off, supported by lower Treasury yields and easing oil prices.

Intel shares rose about 5% after JPMorgan upgraded the stock to Neutral, citing potential earnings growth from agentic AI demand, chip shortages and the company's restructuring efforts.

Micron shares rose more than 4% as memory stocks rebounded after last week's sell-off, with investors weighing Chinese competition against strong AI-related demand.

Disc Medicine shares rose sharply after the company reported positive Phase 3 results for bitopertin in erythropoietic protoporphyria, while seeking a renewed FDA review.

Cleveland-Cliffs shares rose nearly 8% after third-quarter adjusted earnings topped estimates, with the steelmaker forecasting stronger fourth-quarter EBITDA and more than $4 billion in 2027 EBITDA.

AXT shares rose more than 8% after an 11% fall, as investors rotated back into AI-related technology stocks despite the company releasing no market-sensitive news.

Applied Digital shares rose after two senior executives bought stock following a sharp decline, although investors remain focused on the company's debt, financing needs and volatile AI infrastructure market.

Sandisk shares rose more than 6% as memory stocks recovered from a sell-off linked to concerns about Chinese competition, while investors awaited the company's quarterly results.

Cleanaway shares rose 20.24% after EQT Infrastructure signed a binding agreement to acquire Australia's largest waste management company for about $6.7 billion, subject to approvals.

Challenger shares jumped nearly 20% after TAL Dai-ichi Life Australia proposed acquiring the annuities provider for about A$7.9 billion, subject to conditions and approvals.

Ingenia shares rose 7.07% as the board faced a deadline to assess Warburg Pincus's $5.25-per-security takeover proposal against its planned acquisition of Peet.

The ASX 200 rose 0.42% as banks, utilities and other defensive stocks outweighed technology losses, while Challenger rallied on Dai-ichi Life's takeover proposal.

Glencore has commenced secondary trading on the ASX through CHESS Depositary Instruments, seeking greater access to Australian institutional capital and a potential boost to its valuation.

The Australian Government has introduced legislation requiring east coast LNG exporters to reserve up to 20% of production for domestic buyers from July 2027, prompting industry concerns about investment and export commitments.

Simon and Kenneth Ip grew Breadtop from a struggling 1994 Melbourne cafe into a bakery franchise with more than 70 stores and products supplied to over 100 Coles supermarkets.

TAL Dai-ichi Life Australia has proposed acquiring the remaining stake in Challenger for A$7.94 billion, but the indicative offer still requires due diligence, regulatory clearance and board approval.

Apple retail staff have reportedly been told to discourage customers without preorders from seeking the iPhone Duo in stores, as production constraints drive delivery estimates into 2027.

The OECD says higher energy prices are fuelling renewed cost-of-living pressures, weakening purchasing power and threatening global growth despite resilient employment and low unemployment.

Bank of America expects Meta's third-quarter revenue to exceed forecasts as AI improves advertising performance, but a one-time $10 billion legal charge is set to hit earnings.

McDonald's will mark the Boo Buckets' 40th anniversary with five Disney villain designs, including Ursula, Scar and Maleficent, available with Happy Meals from 20 October.