CBA, Telstra, Wesfarmers hit highs; RBA rate cut likely; Biden cancer diagnosis

Tuesday 20 May 2025

Commonwealth Bank, Telstra, Wesfarmers and others hit record, or multi-year, highs despite the market turmoil. 

And more, including:

• The Reserve Bank set to announce an interest rate cut today. 
• Global leaders respond to Joe Biden’s cancer diagnosis. 
• Claims Telstra inflated its coverage area.
• Labor’s superannuation policy comes under scrutiny.

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