{"id":625089,"date":"2026-10-09T06:14:10","date_gmt":"2026-10-09T06:14:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/625089\/"},"modified":"2026-10-09T06:14:10","modified_gmt":"2026-10-09T06:14:10","slug":"new-zealand-shares-rise-rua-bioscience-strikes-deal-to-sell-pharmala-biotechs-laneo-mdma-in-new-zealand","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/625089\/","title":{"rendered":"New Zealand Shares Rise; Rua Bioscience Strikes Deal to Sell PharmAla Biotech&#8217;s LaNeo MDMA in New Zealand"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/b89281218b2cfd8e80de5801892fbe013fc917899e8782504d258796ef8d2b78\/lightyear_networkapi\/resizefit_w960%3Bquality_80%3Bformat_webp\/https%3A%2F%2Fmedia.zenfs.com%2Fen%2Fmt_newswires_au_792%2F4fd4ee7d261642a1f299d92571ebbc6f.png\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"MT Newswires - Shutterstock\" height=\"403\" width=\"768\" class=\"yf-1f8hkhu loader\"\/><\/a> MT Newswires -Shutterstock           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">New Zealand shares closed higher on Friday while most Asian markets saw losses after Thursday&#8217;s Wall Street sell-off.<\/p>\n<p>The S&amp;P\/NZX 50 gained 0.4%, or 57.50 points, to close at 13,749.35.<\/p>\n<p>Overnight, the Nasdaq Composite fell 1.3%, the S&amp;P 500 lost 0.5%, while the Dow Jones managed to add 0.1%.<\/p>\n<p>In domestic news, energy has emerged as one of the top worries for firms in New Zealand, with more than two-thirds of local businesses voicing concerns over current and future energy costs, according to ASB Bank&#8217;s latest business survey.<\/p>\n<p>Also, consumer prices in New Zealand are now expected to rise 1.1% in the December quarter, which would see annual inflation hitting a three-year high of 4.2% by the end of the year, Westpac said.<\/p>\n<p>In company news, Rua Bioscience (NZE:RUA) will import, distribute, and sell PharmAla Biotech&#8217;s pharmaceutical-grade LaNeo MDMA in New Zealand under a new distribution and license deal between the companies.<\/p>\n<p>General Capital (NZE:GEN) sold its wholly owned subsidiary Investment Research Group (IRG) to Chief Executive Brent King for NZ$36,492 as part of arrangements related to his planned retirement on June 30, 2027.  <\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock New Zealand shares closed higher on Friday while most Asian markets saw losses after Thursday&#8217;s&hellip;\n","protected":false},"author":2,"featured_media":625090,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2169,138,553,219,246,5932,329,37332,5933,5483,16400,7454,111,43,139,69,244,8499,13081,294,781,5934,5935,643,37333,7496,37334],"class_list":["post-625089","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-401k","tag-business","tag-business-news","tag-economy","tag-finance","tag-financial-information","tag-investing","tag-investment-tools","tag-investor","tag-market-news","tag-mortgage","tag-mutual-funds","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-personal-finance","tag-quote","tag-real-estate","tag-retirement","tag-stock","tag-stock-research","tag-stock-valuation","tag-stocks","tag-suze-orman","tag-tax","tag-track-portfolio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/625089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=625089"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/625089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/625090"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=625089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=625089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=625089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}