ASX 200 LIVE: Mayne sinks on Chalmers’ Cosette bid block; WiseTech, Reece protest votes; BHP dives

Pharma group Mayne’s stress bucket is overflowing with Treasurer Jim Chalmers handing reluctant US suitor Cosette a way out of its $670m takeover.

WiseTech executive chairman Richard White has a 10-year agreement to stay on, but shareholders say it’s time to step aside.

The Australian’s rolling coverage of business and markets news for Friday, November 21.

The ASX 200 index closed down 1.6 per cent at 8416.5 points after falling as much as 2 per cent to a 5.5-month low of 8383.2 after Wall Street’s AI bubble fears returned and Nvidia fell.

Originally published as ASX 200 LIVE: Mayne sinks on Chalmers’ Cosette bid block; WiseTech, Reece protest votes; BHP dives