Iran conflict hits consumer prices, Woolies v ACCC, FBI director’s $US250m lawsuit

Wednesday 22 April 2026

Business warns of profit losses and higher consumer prices as the war in Iran drags on. 

• The competition watchdog commences its case against Woolworths, using a pack of Oreos to demonstrate that not all items on sale, were actually on sale 
• The government invests big into drones
• Amazon spends $US5b on AI company Anthropic
• The boss of the FBI fights off allegations of excessive drinking and unexplained absences

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