PRE-MARKET AUSTRALIAN STOCKS NEWS: Nine Entertainment (NEC AT) executed a billion-dollar media deal in which it is buying QMS billboards and is selling radio assets

Elders (ELD AT) - Co. FY25 (AUD) underlying EBIT 143.5mln (prev. 128.0mln Y/Y), sales rose 2.2% Y/Y to 3.2bln. (Motley Fool)

Mayne Pharma (MYX AT) - Co. is to return to court to fight Cosette for failed bid costs. (AFR)

Nine Entertainment (NEC AT) - Co. executed a billion-dollar media deal in which it is buying QMS billboards and is selling radio assets. (The Australian)

Resmed (RMD AT) - Co. Q2 (AUD) net rose 14% Y/Y to 392.6mln, rev. rose 11% Y/Y to 1.4bln. (Motley Fool)

Rio Tinto (RIO AT) - Co. faces a February deadline to decide on a potential AUD 300bln merger with Glencore (GLEN LN), while Rio Tinto’s UK backers are pushing for the merger. It was separately reported that the Co. and Aluminium Corporation of China (601600 CH) agreed to acquire a controlling stake in the Companhia Brasileira de Aluminio for around USD 904mln. (The Australian/Dow Jones Newsplus)

Star Entertainment (SGR AT) - Co. is currently reviewing the resourcing structure and strategy of operations. (Newswires)