Tag: Market Place

Capitalism

Year of the RAT: Positive results for rapid test entrepreneurs

Nightclub owner Martha Tsamis set up a medical supplies business that has sold more than 800,000 rapid antigen tests since October.

State and federal governments may be scrambling to secure rapid antigen tests to ease the burden on PCR testing, but several Melbourne businesses recognised the potential of the fast-acting and relatively inexpensive technology months ago. Nightclub owner Martha Tsamis has sold more than 800,000 of the 15-minute tests since October, when she negotiated distribution deals with manufacturers in Australia, China and South Korea. Ms Tsamis had originally bought a few thousand rapid antigen tests for staff and patrons of her late-night venues Chasers in South Yarra and Inflation in the CBD. Now, her new business Oz Medical employs seven full-time staff and supplies thousands of the tests to every Australian state – other than Western Australia, where they remain prohibited.

Source: Year of the RAT: Positive results for rapid test entrepreneurs

Energy

‘That’s not sustainable’: Big Oil squeezes green energy profits

Offshore wind sites sell for record prices as oil companies battle for the right to develop renewable energy projects.

The world’s largest oil companies are bidding up prices for renewable energy projects, squeezing profits from wind and solar farms just as they’re needed most to avoid climate catastrophe. Companies from BP to TotalEnergies are paying top dollar for clean energy assets as they transition away from fossil fuels, boosting competition and compressing margins for developers. Wind giants Orsted and Vestas Wind Systems reported lower returns in the first quarter, while turbine maker Siemens Gamesa Renewable Energy lost money as materials rallied.

Source: ‘That’s not sustainable’: Big Oil squeezes green energy profits