{"id":624936,"date":"2026-04-23T03:52:20","date_gmt":"2026-04-23T03:52:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/624936\/"},"modified":"2026-04-23T03:52:20","modified_gmt":"2026-04-23T03:52:20","slug":"consumer-staples-stocks-rise-cochlear-weighs-on-health-care","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/624936\/","title":{"rendered":"Consumer Staples Stocks Rise, Cochlear Weighs on Health Care"},"content":{"rendered":"<p>    <img fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/04\/a97821316e4cd797cc43244838725b96.png\" alt=\"MT Newswires - Shutterstock\" loading=\"eager\" height=\"403\" width=\"768\" class=\"yf-lglytj  loaded\"\/> MT Newswires -Shutterstock      <\/p>\n<p class=\"yf-1fy9kyt\">Consumer staples stock rose more than 1% to lead gainers in midday trading on Wednesday.<\/p>\n<p>Treasury Wine Estates (ASX:TWE) was advancing more than 16% after saying it will transition to a new regional operating model, effective Oct. 1, under which the company will have four regional divisions.<\/p>\n<p>On the flip side, health care stocks retreated over 5%, weighed down by a sharp decline for sector heavyweight Cochlear (ASX:COH).<\/p>\n<p>The company&#8217;s shares plunged more than 39% after it downgraded its fiscal year 2026 underlying net profit guidance, saying that trading conditions for its hearing implants in developed markets have been weaker than anticipated since January.<\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock Consumer staples stock rose more than 1% to lead gainers in midday trading on Wednesday.&hellip;\n","protected":false},"author":2,"featured_media":624937,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[64,63,68731,137,500,302720,302721,132305],"class_list":{"0":"post-624936","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-au","9":"tag-australia","10":"tag-consumer-staples","11":"tag-health","12":"tag-healthcare","13":"tag-midday-trading","14":"tag-regional-divisions","15":"tag-treasury-wine-estates"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/624936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=624936"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/624936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/624937"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=624936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=624936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=624936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}