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As we enter Rosh Hashanah, I want to share something personal.

Google DeepMind has now mapped predictions for roughly nine billion possible single-letter changes in human DNA. Think about that: nine billion possible changes inside one human genome, each potentially affecting something different in the body.

A scientist can spend a lifetime trying to understand one tiny part of one gene, one atom or one biological process, and we rightly call that brilliance. Entire generations can spend decades and centuries collectively trying to understand just one small piece of what was already there before any of us arrived.

Now look at what already exists.

The human body. The brain. DNA. Trees. Flowers. Oceans. Animals. Gravity. Light. The laws that hold the universe together.

Billions upon billions of systems and wonders, all working with a depth and precision mankind is still struggling to understand.

Recently, scientists at CERN created what they called a “little Big Bang,” using one of the most advanced scientific facilities on earth, decades of research, extraordinary engineering and enormous energy just to reproduce for a fraction of a second one tiny condition they believe existed near the beginning of the universe.

And somehow that is supposed to make God less obvious?

To me, it does exactly the opposite.

If I dropped a brand-new Rolls-Royce in front of your house tomorrow and told you nobody designed it — there was just a huge explosion and somehow the engine, computer, leather, wheels, wiring and every screw landed exactly where they belonged — you would look at me like I had lost my mind.

You would say: Someone made this.

Yet a Rolls-Royce is nothing compared with a human body.

The car cannot heal itself. It cannot grow from a single cell. It cannot reproduce. It cannot think, love, remember, see, hear or repair its own DNA.

Science is not the enemy of faith. Science keeps opening our eyes.

Every discovery reveals another layer of Creation that was already there before we knew how to see it.

And maybe that is really the message.

We do not have to look very far to find God.

We just have to open our eyes.

My grandfather was a Holocaust survivor. He lost his family. He went through the camps. Six million Jews were murdered. He saw horrors no human being should ever have to see.

People asked him directly: After everything you went through, how can you still believe in God? Where was God?

His answer was simple.

He said: I look at the grass. I look at the trees. I see God. How could there not be a God?

He had questions. Of course he had questions. He had lived through terror and hell. He had seen suffering beyond anything most of us can imagine. He did not pretend to understand why.

But the questions did not erase what he saw in front of him.

Creation was still there.

God was still there.

For him, the grass and the trees were enough to say: I see the Creator.

And now it is our turn.

We live in a digital world that my grandfather could never have imagined. Google has now opened our eyes to see what earlier generations could not — billions of possibilities hidden inside human DNA, each tied to systems so deep that brilliant scientists can spend lifetimes trying to understand only a fraction of them.

What my grandfather saw in the grass, we can now see inside the genome.

So how can we not open our eyes?

This year especially, with anti-Semitism rising, wars raging and so much uncertainty around us, my message for Rosh Hashanah is simple:

God controls the world.

God controls our lives.

That does not mean we understand everything that happens. We do not. We have questions. We experience fear, pain, loss and uncertainty.

But when we recognize Hashem in our lives, we begin to see how many open miracles surround us every single day.

A child. A heartbeat. A recovery. A door that opened at the right moment. Protection we did not even realize we needed. A problem that somehow worked itself out. A new morning. Another year.

We call some of these things coincidence because we have become used to them.

Maybe Rosh Hashanah is our chance to stop calling them coincidence and start recognizing Who is running the world.

That is what I want to say to this generation.

Google DeepMind used artificial intelligence to map billions of possibilities inside DNA.

Now it is our turn to look at what it uncovered and say:

מָה רַבּוּ מַעֲשֶׂיךָ ה׳

How great are Your works, Hashem.

Wow.

Look at what Hashem created.

If artificial intelligence has brought us to a point where we can see deeper into Creation and recognize even more clearly how extraordinary it is, then perhaps AI was worth it for that alone.

Not just to make us smarter, but to make us more aware, more humble, more grateful and more connected to the Creator.

We spend Rosh Hashanah asking Hashem to recognize us, to remember us for life, to bless us, protect us and see us as His nation, His people and His children.

But first, we have to recognize Him.

Recognize His glory. Recognize His wisdom. Recognize His leadership. Recognize His presence in our own lives.

And once we recognize Him, we can ask Him to recognize us and bless us in return.

That is my message for Rosh Hashanah 5787.

Open your eyes.

See Hashem.

See the miracles already around you.

Bring that recognition into your home, your business, your family and your everyday life.

Especially now, when the Jewish people and the world are living through such challenging times, let us remember Who is ultimately in control.

May Hashem protect Klal Yisrael, bring peace to the world, bless our families and communities, and grant each of us health, parnassah, nachas, happiness and a year filled with open blessing.

May we be able to look back one year from now and see clearly how Hashem carried us through.

מָה רַבּוּ מַעֲשֶׂיךָ ה׳ כֻּלָּם בְּחָכְמָה עָשִׂיתָ

Wishing you and your family a Shana Tova U’Mesuka and a כתיבה וחתימה טובה.

May we all be written and sealed for a happy, healthy, peaceful and blessed new year.

Duvi Honig
Publisher, JBizNews
Founder & CEO, Orthodox Jewish Chamber of Commerce

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EATONTOWN, N.J. — As artificial intelligence rapidly changes how businesses operate, JBiz has announced the JBiz Leadership AI Operations Summit, a two-day executive training program designed to help companies improve productivity, streamline operations, reduce costs, and increase revenue through practical AI adoption.

The summit will take place July 13–14, 2026, at the Sheraton Eatontown Hotel in New Jersey and is geared toward business owners, corporate leadership, management teams, entrepreneurs, and organizations looking to better equip their workforce for an AI-driven economy.

Organizers say the goal is simple: help businesses understand how to effectively use today’s leading AI platforms and determine which tools are best suited for specific business tasks.

“Learning how to use AI is quickly becoming as important as learning how to use computers, email, and the internet became in previous generations,” said Duvi Honig, Founder of JBiz.

Open Ai all, Companies are encouraged to send multiple employees and leadership team members together to maximize results and help integrate AI throughout their organizations.

The shift underway is significant. For decades, businesses relied on large teams of junior employees and support staff to handle research, spreadsheets, presentations, scheduling, customer communications, reporting, and administrative work.

Today, properly trained employees using AI platforms such as ChatGPT, Claude, Gemini, Microsoft Copilot, Grok, and Perplexity can complete many of those tasks faster and more efficiently. Increasingly, companies view AI as a collection of virtual assistants that help employees draft emails, conduct research, analyze data, summarize meetings, create reports, improve communication, and accelerate workflow across departments.

Recent surveys suggest the business impact is growing quickly.

An Oliver Wyman Forum–New York Stock Exchange CEO survey found that 43% of CEOs plan to place less emphasis on hiring junior staff while increasing demand for experienced employees who know how to use AI effectively.

Research from Stanford University, MIT, and Boston Consulting Group has also found that workers using generative AI complete more tasks, work faster, and often produce higher-quality results than workers who do not use AI tools.

One high-profile example came from Citadel Founder and CEO Ken Griffin, who recently said that modern AI systems are performing work that previously required teams of finance professionals, completing in hours or days tasks that once took weeks or months.

Meanwhile, the McKinsey Global Institute estimates generative AI could create between $2.6 trillion and $4.4 trillion in annual global economic value across customer service, operations, software development, research, marketing, communications, and workflow management.

“We are watching one of the biggest operational shifts in modern business history,” Honig said. “The companies adapting early are gaining major advantages, while many businesses still don’t know where to begin. This summit was created to provide practical training businesses can immediately apply.”

Unlike many AI events focused on theory, organizers say the program is designed as a practical, implementation-focused training experience. Participants will learn how to use multiple AI platforms together and understand the strengths of each system.

Training will cover:

  • ChatGPT — communication, writing, workflow support, strategy, presentations, and operational assistance
  • Claude — long-form analysis, contracts, planning, and document review
  • Gemini — Google Workspace integration, collaboration, productivity, and research
  • Microsoft Copilot — Excel, Word, Outlook, PowerPoint, and enterprise workflows
  • Grok — live information analysis and trend monitoring
  • Perplexity — research, sourcing, and market intelligence
  • Additional leading AI platforms and workflow tools

Participants will receive hands-on instruction on applying AI to:

  • Communication
  • Operations
  • Documents and spreadsheets
  • Research
  • Sales
  • Marketing
  • Reporting and presentations
  • Administration and workflow systems

Summit attendees will leave with a clearer understanding of the AI landscape, practical workflows they can use immediately, and strategies to save time, improve productivity, reduce administrative burdens, and strengthen operational performance.

Organizers estimate businesses effectively implementing AI can save employees between 5 and 15 hours per week, potentially creating between $12,000 and $54,000 in annual operational value per employee, depending on role and implementation.

For a company with 10 employees, that could translate into productivity gains ranging from roughly $120,000 to more than $540,000 annually, although actual results will vary by company, industry, and adoption levels.

The summit will feature full-day training sessions from 10:00 a.m. to 5:00 p.m. on both days and will be led by professionals with hands-on experience using today’s leading AI platforms.

Participants will leave with a deep understanding of all platforms, practical skills and a framework for immediately execution integrating AI into their daily responsibilities and business operations.

Limited Seating Available! For corporate inquiries, team registrations, and group packages, Visit or contact Esther@OJChamber.com or 212-659-5270 x104.

JBizNews Desk — New Jersey

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

A 9-year-old boy died on Thursday after contracting encephalitis as a result of Naegleria Fowleri, also known as the ‘brain-eating amoeba,’ the Health Ministry announced. 

The ministry first announced that the boy had been hospitalized with swelling in his brain and was subsequently sedated and ventilated in intensive care at Rambam Medical Center on September 6. 

A sample was sent to the Health Ministry laboratory, which confirmed the cause as the amoeba the night before. 

According to the ministry, an investigation found that the boy had been swimming at Kursi Beach in the Kinneret (Sea of Galilee) about a week before his hospitalization. 

The microscopic amoeba is found in fresh and warm water sources and may cause an infection of the central nervous system if water containing the amoeba enters through the nose and the amoeba reaches the brain.

The ministry emphasized that the infection, while having a high mortality rate, is extremely rare and that it cannot be contracted from drinking the water or from another person.

There have been fewer than 500 cases worldwide, two of which were diagnosed in the US last year, and three of which were diagnosed in Israel in recent years.

Health Ministry advises public take care to mitigate risk while bathing in fresh, warm water

To reduce risk while bathing in fresh, warm water, it is recommended to avoid getting water in the nose as much as possible, especially when jumping, diving, or otherwise submerging one’s head in the water.

The Health Ministry recommends closing one’s nose or using a nose plug. 

Additionally, avoid digging or stirring the bottom in shallow water, where the amoeba may gather in higher concentrations.

If symptoms, including fever, pain, significant headaches, nausea, or vomiting, especially combined with neck stiffness, confusion, unusual drowsiness, or a change in consciousness, appear, the public is urged to seek immediate medical attention and mention their water exposure.

Due to the amoeba’s presence in warm water, swimming sports events have been postponed until the water temperature drops below 24 degrees, at which point the proliferation of the amoeba decreases significantly. 

This post was originally published on here. 

I was wrong about Israel’s third bloc. I also wanted it to succeed.

I wanted a political force strong enough to make the moderate parties of the Center-Right and Center-Left form a broad unity government. Enough seats to force politicians who could find endless reasons to avoid each other to discover reasons to sit together.

After the October 7 massacre and the war, I thought that was possible. I wrote columns explaining why.

The polling has forced me to reconsider. The independent camp I expected has failed to take shape. We are back to Bibi or no Bibi.

Wanting a broad government seems to me a perfectly reasonable position. Forecasting the emergence of a bloc that could force one into existence required evidence. I gave the possibility more weight than the campaign has justified, and I have to ask how much wanting that outcome influenced my judgment.

In August, I wrote about conversations around me in Gush Etzion, south of Jerusalem: at the kiddush after going to the synagogue, in the supermarket, at the park. People who had voted the same way for years were reconsidering their choices. They remained on the Right. Some were moving further Right. Their attachment to particular politicians had weakened.

My own thinking had changed, too. For years, I had argued that persuading haredi (ultra-Orthodox) men to serve in the military would achieve more than coercion. During the war, I came to support financial consequences for avoiding service. I knew how far I had moved on a question I had written about repeatedly.

I thought enough changes like these could produce a new political alignment. In that August column, I wrote: “Israel is going through the same thing with the lights on and pollsters in the room, failing to measure it.”

I was confident enough to suggest that the pollsters were missing something. Their numbers have since given me reason to question my own reading.

There was a leap in the argument. Dissatisfied voters still have to agree on where to go. Two reservists can agree about the unfairness of the burden they carry and disagree completely about who should be prime minister. A voter can lose faith in one right-wing politician and choose another who intends to join the same coalition. Changed loyalties can move seats around inside an existing camp.

The third bloc I imagined also had to do something quite demanding with those seats. It had to remain together, make a broad government a condition of its support, and leave the larger parties dependent on that support. Each step could fail. Even a respectable election result would have been only the beginning.

Those promising unity struggled to unite

Instead, some of the people promising unity struggled to unite with one another.

On September 4, Gilad Erdan withdrew his Unity party from the election, citing insufficient support and unsuccessful efforts to join forces with other parties. An N12 poll had put a potential combination of Unity and Benny Gantz’s Blue and White at 2.6%, below the 3.25% threshold for entering the Knesset.

Erdan said voters were primarily looking for an answer to “the question of who will be prime minister.” That was a fairly direct assessment from someone whose political offer had depended on voters giving a different question priority.

The negotiations also exposed a familiar problem. Asked by Walla why he insisted on leading a merged list, Gantz answered: “Because I need to lead this path.”

A project that asks parties across the political spectrum to compromise needs leaders capable of doing so themselves. The order of names on a list is a useful place to start. Those failed talks give us reason to examine the politicians’ decisions alongside the voters’ choices.

Some new lists remain. In the September 18 Maariv poll conducted by Lazar Research, Yoaz Hendel, and Yaron Zelekha’s joint list received four seats, as did Ofer Winter’s People of Israel. Both were narrowly above the electoral threshold. Winter’s seats were counted in the Netanyahu camp.

Four seats can matter enormously in a parliament of 120, where a majority requires 61. Those lists may yet affect who can form a government. The substantial independent camp I expected has nevertheless failed to emerge.

I also underestimated what the Netanyahu question would mean after October 7.

I had expected the scale of the catastrophe and the demands of the war to create pressure for a broad government. They could also make the choice of prime minister feel more consequential. A voter who holds Netanyahu responsible has a powerful reason to insist on his departure. A voter who trusts him most on security has a powerful reason to insist that he stay. The same war can deepen both convictions.

Mere calls for unity can not resolve disagreement

Calling for unity does very little to resolve that disagreement. Any party seeking to force a broad government has to explain whether it would serve under Netanyahu, what conditions it would set, and what it would do if those conditions were rejected. The answer could cost precisely the voters it was trying to bring together.

That is a harder problem than getting people to agree that the country needs unity. I gave too much weight to the apparent demand for a broad government, and too little to the compromises people would have to accept to produce one.

The election is still ahead. Polls can change, and small parties can cross the threshold or fall below it. But the weak numbers and failed attempts to build a common political vehicle are evidence I have to take seriously now. A columnist cannot keep extending the deadline for his own argument until it comes true.

I still want a broad government of the moderate Center-Right and Center-Left. I think it would give Israel a better chance of making decisions on military service, rebuilding, and responsibility for October 7 that could survive beyond one coalition.

The route I expected to get us there has failed in this campaign. A third bloc may have another chance in another election.

I would need to see leaders able to work together, voters prepared to accept the necessary compromises, and a credible way to turn their votes into a broad government. I owe readers that evidence before making the prediction again.

This post was originally published on here. 

IDF reservist Neria Leiter was seriously wounded Wednesday when a Palestinian attacker rammed a vehicle into him at a checkpoint near Beit Horon on Route 443.

After hours of surgery at Jerusalem’s Shaare Zedek Medical Center, doctors said his condition had stabilized, but his life remained in danger. His family has asked the public to pray for Neria Dov ben Chana.

His father, Israel’s ambassador to the US, Yechiel Leiter, flew home from New York. At the hospital on Thursday, he spoke about a previous journey through grief. In November 2023, his eldest son, Maj. (res.) Moshe Yedidya Leiter, was killed fighting in Gaza.

“He died instantly,” Yechiel said. This time, he said, the family could gather at Neria’s bedside while doctors worked to save him, and they could pray together and ask others to join them. “His life is still in danger,” he told reporters.

There are many ways to describe this family. Yechiel Leiter left the United States for Israel at 18, making a deliberate choice about where to build his life. His children grew up here and made their own choices about service.

Neria returned to reserve duty after his brother’s death

Moshe served for years, became a father of six, and was studying medicine when war called him back. After Moshe’s death, Neria returned to reserve duty.

Their father has spoken about other sons and sons-in-law who served on the front lines, of a son in a support role, and of another son who has Down syndrome, living through the war with the family. Each has a life beyond this accounting of service.

Neria described the decision to go back in a post this year. “As a bereaved brother,” he wrote, returning to the reserves “was not simple at all.” Losing Moshe had torn at him.

He also had opinions and criticisms about how the war and the country were being run. The question he posed, in translation, was: “What do I need to do? What is in my control?”

He could not sit at home while his friends reported for one reserve stint after another. His team included religious and secular men, husbands and fathers, alongside single men, from Israel’s center and its periphery. By then, the rounds of duty were too numerous to count. His closing words were about the privilege of defending home.

Israel’s reservists carry an enormous weight for their country

Read the whole account, and its honesty becomes clear. A person can believe in his duty and feel the strain of carrying it.

He can disagree with those making the decisions and still answer the call. No country should mistake that resolve for an inexhaustible supply of time, health, or courage.

Israel has needed its reservists across multiple fronts since the October 7 massacre. Their families have lived with repeated departures, interrupted work, and the fear that accompanies every call.

The Leiter family’s name is known because Yechiel represents Israel in Washington. Countless families whose names never reach a newspaper have carried comparable burdens. They, too, deserve to be seen while they are serving and long after they return.

‘Choosing life’ means caring for the soldiers who protect it

Yechiel wrote after the attack that he believes prayer and national unity can bring miracles. “Neria needs a miracle,” he said, adding: “They choose death – we choose life.”

A father whose son is fighting for his life is entitled to speak with that force. For the rest of us, choosing life must also mean tending to those who protect it: giving wounded service members and their families sustained care, making repeated reserve service bearable, examining attacks seriously, and sharing the demands of defense as fairly as possible.

That requires support for families and employers long after the headlines have moved on. Officials must hear reservists who voice criticism, even when those same reservists continue to serve.

At Shaare Zedek, Yechiel’s daughter gave birth after visiting her brother. A new life began in one part of the hospital while doctors worked to save Neria in another. Nothing about that proximity tells us how Neria’s story will end. For now, the only ending to seek is his recovery.

The family has asked us to pray. We join that prayer. We should also listen to what Neria wrote when he was well enough to explain why he kept going – and make sure Israel lives up to the people who do.

This post was originally published on here. 

Prime Minister Benjamin Netanyahu met with leaders from several Latin American countries following his address to the United Nations General Assembly, including Argentine President Javier Milei, Paraguayan President Santiago Peña, Panamanian President José Raúl Mulino, and Bolivian President Rodrigo Paz Pereira, the Prime Minister’s Office said Thursday.

The meetings focused on strengthening ties between Israel and Latin America, including the potential expansion of the Isaac Accords, an initiative launched last November to promote political, economic, and cultural cooperation between Israel and Latin American countries, modeled after the Abraham Accords.

Netanyahu emphasized the importance of closer cooperation with Latin American nations, describing them as key partners in addressing security challenges posed by Iran and affiliated groups operating across the region. He said these networks continue to threaten countries throughout the continent.

During the meeting, Netanyahu praised Milei’s economic reforms in Argentina, calling him “one of the great leaders of our time” and saying his transformation of the country’s economy was “masterful” despite political opposition. Netanyahu also highlighted Milei’s support for Israel, saying, “you stand up for the truth” and that the two countries share “a common heritage of justice and speaking the truth.”

Milei thanked Netanyahu for his remarks, calling it “an honor” to receive praise from “one of the greatest leaders of all history of the world.” The Argentine president reiterated his close personal ties with Netanyahu and his support for Israel during their meeting.

MDA hosts Latin American delegation to share emergency response expertise

The diplomatic outreach comes as Israel seeks to deepen ties with Latin America through a range of initiatives, including cooperation in emergency medicine. Last week, Israel’s Magen David Adom emergency medical service hosted a delegation of 21 senior executives and managers from emergency medical organizations in Latin America and Spain for a professional workshop.

As part of the Foreign Ministry’s 545 Project, representatives from Spain, Mexico, Panama, Peru, Argentina, the Dominican Republic, Bolivia, Chile, and Honduras visited Israel to learn from MDA’s emergency response operations. The delegation toured MDA facilities in Ramle and Jerusalem, visited communities in southern Israel, and examined Israel’s emergency medical systems.

The growing engagement comes as several Latin American countries have taken steps to strengthen ties with Israel. The Dominican Republic recently became the seventh Latin American nation to adopt the International Holocaust Remembrance Alliance (IHRA) Working Definition of Antisemitism, joining Argentina, Colombia, Costa Rica, Guatemala, Panama, and Uruguay.

Other countries, including Argentina, Colombia, Paraguay, Bolivia, and Chile, have expanded cooperation with Israel in areas including security, trade, technology, and efforts to combat antisemitism and Iran-linked threats. The trend has been driven by shifting political dynamics in the region and shared concerns over terrorism, organized crime, and regional security challenges.

Scheduling challenges limited Netanyahu’s UN diplomatic agenda

The initial plan for Netanyahu’s UN visit included a broader diplomatic schedule, including a planned meeting with US President Donald Trump. However, the two leaders’ schedules did not align, preventing the meeting from taking place.

A planned meeting with entrepreneur Elon Musk was also canceled, while logistical challenges related to potential travel to Texas and heightened security concerns in New York further limited the prime minister’s movements.

Netanyahu’s stay in New York was ultimately reduced to roughly six hours, leaving limited time for additional engagements. Beyond his meetings with Latin American leaders, he also met with the prime ministers of Ethiopia, Greece, Slovenia, and Papua New Guinea, according to the Prime Minister’s Office.

Anna Barsky, Lee Smith, Combat Antisemtism Movement, and Milla Wolman contributed to this report. 

This post was originally published on here. 

Prominent academics, legal experts, and historians are among more than 6,000 signatories of an open letter released earlier this month rejecting as a “blood libel” the accusation that Israel committed genocide in Gaza.

The letter, which launched with more than 5,000 signatories and later surpassed 6,000, argues that the accusation of genocide is contradicted by Israel’s actual conduct in the war and has been weaponized as a pretext to exclude and attack Jews around the world.

The letter was released by Creative Community for Peace in partnership with its authors: Yossi Klein Halevi, Rabbi Yitz Greenberg, Rabbi Micha Odenheimer, and Binghamton University historian Jonathan Karp.

Open letter: ‘We must unite in repudiating the lie of genocide’

“There is a vigorous debate within the Jewish community over aspects of how this war was fought, and that is a sign of moral health. So is our pain over every innocent life lost. But we must unite in repudiating the lie of genocide,” the letter states.

It goes on to address the “unprecedented combat conditions” in Gaza, including Hamas’s use of “hundreds of kilometers of tunnels, thousands of boobytrapped homes [and] the conflating of combatants with ‘journalists’ and ‘human rights workers.’”

It also addresses the civilian-to-combatant casualty ratio, which it says is “considered low for asymmetrical urban warfare.”

Taking the Gaza Health Ministry’s current death toll, which does not distinguish between civilians and combatants, alongside INSS’s May estimate of more than 23,000 terrorists killed, the implied civilian-to-combatant ratio would be roughly 2:1.

The letter also cites “the absence of mass starvation despite repeated claims of imminent catastrophe” and “the warnings given to civilians before attack,” and asserts that “All these factors were erased in the eagerness to indict Israel for genocide.”

Meanwhile, the letter argues that Israel went to war after October 7 to break what it calls an “Iranian-led siege of terror enclaves” on its borders, while noting that anti-Zionists were already leveling accusations of genocide against Israel the following day.

Letter: In ‘bitter irony,’ Israel is only country to face ‘sustained war of attempted genocide’

“The bitter irony is that Israel, home to half the world’s Jews, is the only country to face a sustained war of attempted genocide – from its inception in 1948 until today,” the letter states.

Prominent scholars who signed the letter include Harvard professor and public intellectual Steven Pinker. Other Harvard-affiliated signatories include Harvard Law professor Jesse Fried and visiting scholar Anat Alon-Beck, a professor of law at Case Western Reserve University.

Other notable scholars who signed on include historian Niall Ferguson, Israeli historian Benny Morris, Holocaust historian and former US Special Envoy to Monitor and Combat Antisemitism Deborah Lipstadt, Tel Aviv University professor emerita and former Yad Vashem chief historian Dina Porat, historian and author Simon Sebag Montefiore, UCLA professor Judea Pearl, and Brandeis University professor emeritus Jonathan Sarna.

Steven Pinker speaks onstage during OZY Fest 2018 at Rumsey Playfield, Central Park on July 21, 2018 in New York City. (credit: Brad Barket/Getty Images for Ozy Media)

The signatories also include John Spencer, chair of Urban Warfare Studies at the Modern War Institute at West Point.

Prominent legal figures include former Canadian justice minister and attorney general Irwin Cotler, Cornell Law professor Robert Hockett, Jeffrey Mausner, a former prosecutor with the US Justice Department’s Nazi War Crimes Unit, and Eugene Kontorovich, a professor of law at George Mason University’s Scalia Law School and director of its Center for the Middle East and International Law.

“The genocide libel is a case study in the longstanding – and intensified post-October 7th – historical, moral, legal and normative inversions of fact, law and history,” Cotler said in a statement cited by CCFP.

Political signatories include former UK prime minister Boris Johnson, Iraqi-born former UK cabinet minister Nadhim Zahawi, and former US secretary of veterans affairs Robert Wilkie, among others.

This post was originally published on here. 

Wells Fargo is warning investors that U.S. stocks could decline 5% to 10% in the near term as unusually heavy exposure to equities collides with Treasury yields above 5%, giving investors a more attractive alternative to the stock market.

The bank lowered its year-end target for the S&P 500 to 7,700 from 7,950 in a Sept. 14 research note led by Ohsung Kwon, Wells Fargo’s chief equity strategist. The revised target was published after the index closed at 7,619.98, leaving only about 1% of projected upside at the time.

The S&P 500 subsequently moved above Wells Fargo’s target, strengthening the bank’s argument that prices could retreat before recovering toward its year-end forecast. A 5% decline from an index level of approximately 7,760 would take the benchmark to about 7,370. A 10% drop would bring it close to 6,985.

That would not necessarily constitute a bear market or signal an economic collapse. Pullbacks of 5% to 10% occur regularly, including during longer-term market advances. Wells Fargo’s warning is that current positioning and borrowing costs have made such a correction more likely.

The central issue is how heavily investors are leaning toward stocks.

Wells Fargo estimates equities now represent 72% of investor portfolios, the highest proportion since 1969. In practical terms, that means roughly $72 of every $100 represented in the bank’s allocation measure is exposed to the stock market.

With the 10-year Treasury yield above 5.1%, Wells Fargo calculates that a more balanced allocation would be approximately 60% stocks and 40% bonds. The 12-percentage-point difference between actual and modeled stock exposure is the widest negative gap since 1969 and exceeds the imbalance recorded during the late-1990s technology bubble.

The concern is not that every investor must immediately adopt a 60-40 portfolio. Appropriate allocations vary according to age, income, financial obligations and tolerance for losses. The market risk is that even a modest shift from equities into bonds could create significant selling pressure because so much investment capital is already concentrated in stocks.

Government bonds are also competing more effectively for investor money. When Treasury securities offer yields above 5%, investors can receive a substantial return without accepting the earnings and valuation risks that come with owning stocks.

Wells Fargo said the allocation gap has historically been connected to weaker excess returns from equities over the following five years. That does not guarantee an immediate decline, but it indicates that stocks may offer less additional reward relative to bonds than they did when interest rates were lower.

The bank remains optimistic about corporate earnings. It raised its projection for S&P 500 earnings per share to $425 in 2027 from $395 and increased its 2028 forecast to $460 from $425.

The problem is valuation rather than an expectation that profits will suddenly collapse.

Wells Fargo described corporate America as “over-earning,” estimating that 10-year annualized earnings growth could reach 14% by 2027. The bank said that pace has been exceeded only during the post-World War II expansion of the 1950s.

It also estimates that 2027 profits could stand about 42% above their long-term cyclical trend. When earnings move that far above normal, investors may become reluctant to continue paying increasingly high prices for each dollar of profit because they expect growth to slow eventually.

Wells Fargo characterized the market as entering the “late innings” of the cycle, a period that can produce lower valuation multiples even while corporate earnings continue rising. Put simply, companies can make more money while their stocks stagnate or fall if investors decide those profits are unlikely to keep growing at the same pace.

Weakening market liquidity adds another risk. Wells Fargo said its liquidity indicator had fallen to its lowest level of the year and could decline further through November. Reduced liquidity can amplify price movements because fewer buyers may be available when investors decide to sell.

The bank adjusted its sector recommendations to reflect that caution. It lowered technology to equal weight from overweight and raised health care to overweight from equal weight.

Within technology, Wells Fargo favors software over semiconductor companies. It warned that chip stocks could revisit their July lows and identified political opposition to large data centers, the November midterm elections and a strengthening South Korean won as potential risks.

A stronger won can create pressure for South Korean memory-chip producers by increasing domestic costs when overseas sales are converted back into the local currency.

Wells Fargo also said 2028 earnings could fall short of expectations if spending on artificial-intelligence infrastructure slows. The bank’s $460 forecast is below the consensus estimate of approximately $487 cited in its analysis.

The Federal Reserve’s Sept. 16 decision to raise its benchmark rate to 3.75%–4% has made the backdrop more difficult. Higher policy rates and Treasury yields affect mortgage costs, corporate borrowing and the value investors assign to future earnings.

For households, a 10% stock-market decline would reduce a fully invested $100,000 portfolio by approximately $10,000, at least on paper. Investors who do not sell may eventually recover those losses, but retirees making withdrawals during a downturn face a greater risk of permanently reducing their savings.

At the same time, bonds, certificates of deposit and money-market funds are offering yields that cautious savers have not seen in years. That gives households a genuine choice between taking stock-market risk and earning meaningful interest from more conservative assets.

Wells Fargo is not predicting a crash. Its year-end target implies that the S&P 500 could recover after a correction. The warning is that high stock exposure, weaker liquidity and competition from 5% Treasury yields could make the route to that target far more volatile than investors currently expect.

Verification Sources: Wells Fargo’s Sept. 14 equity-strategy findings were verified through Reuters, MarketWatch and Investing.com reporting. The S&P 500 target, earnings forecasts, allocation figures and sector changes were independently cross-checked. The Federal Reserve’s Sept. 16 policy decision was verified against the official FOMC statement.

JBizNews Desk | Wall Street

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

Russian Foreign Minister Sergei Lavrov and his Iranian counterpart met on Thursday, and Moscow said both agreed that only a diplomatic settlement could end tension in the Middle East sparked by the US-Israeli war against Iran.

“Current regional and international issues were discussed with emphasis on the situation around Iran,” Russia’s Foreign Ministry said in a statement after Lavrov and Iran’s Abbas Araghchi met in New York on the sidelines of the UN General Assembly.

“It was stressed that there is no alternative to a diplomatic settlement of the crisis provoked by the illegal actions of the United States and Israel.”

Russian President Vladimir Putin and his Iranian counterpart Masoud Pezeshkian signed a strategic cooperation partnership in 2025, which provides for a deepening of bilateral ties and closer defense cooperation, but includes no mutual defense clause.

Each side has provided the other with military know-how and equipment.

Tehran and Moscow push back against US pressure

Pezeshkian thanked Vladimir Putin earlier this month for Moscow’s position on the Iran war and said together, Moscow and Tehran can resist what he called US “unilateralism.”

Pezeshkian said in an interview published on Thursday that it was up to the US to choose when the Iran war would end, when asked if the conflict could end by the end of the year.

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France will send troops and defense systems to Saudi Arabia to help protect the Red Sea port city of Yanbu, which is key for energy transport, French President Emmanuel Macron said on Thursday.

Macron also said a US ban on diesel exports, which the White House has denied is under consideration, would be “catastrophic,” both globally and for the US economy.

Macron was speaking in a wide-ranging primetime television interview on the international situation, in which he also warned about possible Russian attacks on French soil.

Facing growing pressure at home over high energy prices, Macron sought to assure the French that France had adequate gas and oil supplies as winter approaches. He said Paris was actively working to ensure flows were not disrupted.

Crude oil prices have surged recently as the main alternative route for Saudi oil exports through Yanbu has come under missile attacks from Yemen’s Iran-backed Houthis.

“We are going to send military resources, that is to say, soldiers, radar systems and defense systems, to protect this site – not to get us involved in any conflicts, but to protect this site,” Macron told TF1 and France 2 TV.

Russian threat in the region

Macron dismissed a report by Spanish newspaper El Mundo that the US Central Intelligence Agency had warned European governments about the threat of potential drone attacks from the Mediterranean.

“I can deny it. The CIA did not inform French services,” he said.

Still, Macron said Russia is multiplying hostile and criminal acts against European countries, and France could face strikes similar to the failed attack in Leipzig. Germany said Russia was responsible for an attempted drone attack in August on the Leipzig airport.

Macron gathered French party chiefs at the Elysee last week to brief them on the growing threat from Russia. He later said he had ordered his government to draw up a plan to protect critical infrastructure against drone and cyber attacks.

Macron said Moscow was seeking to intimidate Europe and break the continent’s resolve in supporting Ukraine.

Russia says European allegations of hybrid attacks are baseless and the result of anti-Russian hysteria.

Yet Macron’s position on Russia was weakened this week after France shocked other EU members by getting Russian-Uzbek metals tycoon Alisher Usmanov exempted from EU sanctions, citing national security concerns. That prompted Azerbaijan to pardon a French national jailed for espionage.

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Pop singer Pink is facing more calls – including from Spanish Oscar-winning actor Javier Bardem – for her removal as an ambassador for UNICEF, the United Nations agency that provides aid to children and mothers.

Pink criticized Macklemore for the pro-Palestinian comments and imagery in his opening set on Ed Sheeran’s tour. The rapper was removed from the tour after venues objected to his participation.

Macklemore has announced his own “Free Palestine” tour beginning with three dates in Dublin, Paris and London starting Oct. 26, with additional dates, including in the US, to be announced. “All proceeds will benefit organizations supporting the Palestinian people and movement,” he said. Jewish Voice for Peace, an anti–Zionist group, is one of the causes listed on the tour flier.

The petition reads, “As individuals who care deeply about the welfare of children around the world, we must hold UNICEF Ambassadors to the highest standards of neutrality and compassion.” It was started by the group Swifties Against Genocide and has received more than 192,000 signatures. Bardem, who has been vocal in his support of Palestinians, shared the petition on his Instagram account earlier this week. 

“Palestinian children, like all children affected by genocide, deserve ambassadors who unequivocally extend support and empathy towards their plight,” the petition reads.

UNICEF did not return the Jewish Telegraphic Agency’s request for comment.

Pink cites work as UNICEF ambassador in post on Macklemore comments

Pink, whose real name is Alecia Beth Moore-Hart, cited her work as a UNICEF ambassador in a lengthy Instagram post earlier this month about Macklemore’s comments.

“I’ve spent a decade as a UNICEF ambassador for kids who didn’t choose the country or the war they were born into, and I have grieved every one of them, on both sides of that fence,” Pink wrote at the time.

She added that Macklemore used “violent images from a war on the screens, dedicated a song to the movement of his choice, and then took the mic to tell all of the Jews in the stadium that it wasn’t about them.”

Macklemore told the crowd during his speech: “To all of my Jewish brothers and sisters: criticism of Israel, criticism of apartheid, being against genocide in no way is a criticism of you.”

“You don’t get to decide that for us,” Pink responded in her post.

That comment, and not Macklemore’s use of the phrase “Free Palestine,” was what motivated Pink to weigh in, she said.

She first weighed in by sharing a post by the account StopAntisemitism, which accused Macklemore of ambushing fans with “anti-Israel propaganda.” After receiving backlash for the repost, Pink issued a statement of her own, saying that people assumed her exact beliefs based on her Jewishness.

“I was born a Jew. I didn’t pick it, and I’ve never hidden it,” she wrote. “And this week a whole lot of people decided what I believe without asking me, without checking a single thing I’ve ever said or done, because a repost and the word ‘Jew’ were apparently enough to fill in the rest.”

In her post, Pink wrote that she does not “speak for Israel, or for any government,” and that “Palestinians deserve a future that honors their humanity and their aspirations.” She lamented the use of the word “‘Zionist,’ spat like it’s a slur.” 

She also wrote that she did not call for Macklemore to be dropped from the tour, which some critics did. 

“I have never asked for another artist to be silenced, and I’m not asking now,” she wrote. “I don’t need anyone fired, and I don’t need a refund. What I need is to be able to say, as a Jewish mom, ‘that scared me, and it scared people I love,’ without being told our fear is just propaganda, and without being told I’m somehow cool with genocide because I noticed?”

Petition gains thousands of signatures to oust Pink

The petition calling for Pink’s ouster was published the same day that she posted her statement, and has since gained nearly 200,000 signatures. Her comments, the petition writes, have “fueled ongoing conflict and struggles for visibility and empathy,” and removing her “would reaffirm UNICEF’s commitment to impartiality and its dedication to all children, irrespective of nationality or heritage.”

Bardem and his wife, actress Penelope Cruz, faced threats of a boycott in 2014 after they joined an open letter condemning Israel for its conduct in its war that year with Hamas. Bardem particularly stirred outrage with a separate statement at the time in which he said: “I cannot understand this barbarism, even more brutal and incomprehensible considering all of the horrible things the Jewish people have gone through in the past.” He and Cruz soon walked back their comments.

Pink was first named a US national ambassador for UNICEF in 2015. That year, she traveled to Haiti and met with children and health center patients who were dealing with the aftermath of the country’s devastating 2010 earthquake. UNICEF’s website also says that Pink is passionate about ending global malnutrition and that she has used QR codes in her merchandise booths that link to UNICEF donation pages.

UN officials have previously defended the right of UNICEF ambassadors to express political views in their personal capacity.

The Pakistani government called for UNICEF to drop Indian actor Priyanka Chopra as one of its ambassadors in 2019, saying that her “support for war” and for India’s government amid heightened conflict in the disputed region of Kashmir made a “mockery” of the role.

“When UNICEF Goodwill Ambassadors speak in their personal capacity, they retain the right to speak about issues that interest or concern them,” Stephane Dujarric, a spokesperson for UN Secretary-General António Guterres, said at the time, adding that their “personal views or actions do not necessarily reflect those of UNICEF.” 

UNICEF has, however, removed an ambassador over political conduct. In 1987, it terminated its association with goodwill ambassador Boris Becker after the tennis player declined to commit to not returning to apartheid-era South Africa.

This post was originally published on here. 

Former prime minister Naftali Bennett was escorted from Motis’ restaurant in Bnei Brak on Thursday evening after a disturbance broke out during his visit. An object was thrown toward Bennett but did not hit him, and the suspect who allegedly threw it was arrested by police.

Bennett’s B’yachad party issued an official statement following the incident:

“Former prime minister and chairman of the B’Yachad party Naftali Bennett arrived in Bnei Brak tonight.

“He held a ‘parliament’ with several yeshiva students, and the conversation was conducted in a good and substantive manner. After about half an hour, a group of political activists arrived at the scene.

“Two objects that were thrown toward Bennett struck the head of one of his female staff members. She was treated at the scene by a Magen David Adom team and was released without requiring additional medical treatment. Later, Bennett spoke with her and heard that she was feeling well.

“Security forces who were at the scene arrested the suspect in the attack. Bennett thanked the security and rescue forces for their swift response. Bennett will continue holding meetings throughout the country as part of the campaign to repair the State of Israel.”

Police statement claimed no one was hit by thrown object

According to a police statement, during a visit by a “public figure” to a restaurant in Bnei Brak, a passerby who walked by the location threw an object that did not hit the individual. Officers from the Bnei Brak, Ramat Gan police station, who were at the scene, immediately arrested the suspect, who was taken for questioning at the station. 

Videos circulated on social media showed a crowd gathering outside the restaurant and a disturbance developing during Bennett’s visit. According to reports from the scene, extremists who arrived at the restaurant issued threats toward Bennett, and police escorted him from the area.

Among those present at the scene was right-wing activist Mordechai David, who was filmed arriving at the location and engaging in a verbal confrontation with Bennett and those around him. Footage showed large groups of people gathering near the former prime minister while police worked to manage the situation.

During the exchange, Bennett told David: “I suggest you get drafted quickly because from the moment I become prime minister, you won’t receive a single shekel from the state.”

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British Foreign Secretary Ed Miliband told Iranian Foreign Minister Abbas Araghchi that the UK would not tolerate intimidation, threats, or hostile activity linked to Iran on British soil, Sky News reported Thursday.

Miliband and Araghchi met on the sidelines of the United Nations General Assembly in New York, according to the British Foreign Office.

The two officials discussed regional developments, including the war in the Middle East, as well as efforts to restore freedom of navigation through the Strait of Hormuz.

Miliband urged Iran to pursue “de-escalation and diplomacy instead of prolonging the war,” according to a statement from the British government.

The British foreign secretary also stressed the importance of fully reopening the Strait of Hormuz, warning that continued disruption to the key shipping route could affect global security and economic stability.

UK raises concerns over Iran-linked groups, cyber operations

During the meeting, Miliband reiterated Britain’s commitment to confronting threats from Iran-linked groups operating in the UK, including those targeting the British Jewish community.

“The Foreign Secretary made clear that Britain will not tolerate intimidation, threats or hostile activity on UK soil and set out the measures the government has taken in response,” the statement said.

The warning came after Britain’s National Cyber Security Center said Iranian state-linked cyber actors had used a spyware tool known as “CHOSEN BRICK” to steal emails, messages, and other sensitive information through spear-phishing campaigns on platforms including WhatsApp and Telegram.

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Iranian President Masoud Pezeshkian said that he had met with Iran’s Supreme Leader Mojtaba Khamenei approximately a month ago for several hours and that Khamenei was “completely” healthy and was giving directions to the Iranian leadership in a Fox News interview with Bret Baier, aired on Thursday evening. 

“The implementation of the policies is in the hands of the administration and the government, but the consultations and the directions come from there [Khamenei],” Pezeshkian said. 

Khamenei has not been seen publicly since the start of the war, when he succeeded his father, Ayatollah Ali Khamenei, as supreme leader following Ali Khamenei’s assassination. 

Pezeshkian previously claimed he met with Mojtaba Khamenei in August on Iranian state television, saying the two spoke for seven hours on issues facing Iran, including affordability, unemployment, sanctions, unity, and wartime resilience.

Iran willing to move forward with peace agreement, never wanted nuclear weapon, Pezeshkian claims

Pezeshkian said in the Thursday interview that Iran was still “willing and still wish[es] to move forward” with the peace agreement signed by Iran and the US, which failed in July. 

“We do not seek war. Rather, whenever they attack us, we are forced to defend ourselves. We never started a war. But if they wish to keep fighting with us, we will respond strongly, resolutely,” Pezeshkian said. 

Iran is also willing to dilute its highly enriched uranium and has never wanted a nuclear weapon, according to Pezeshkian. 

“Our martyred esteemed supreme leader, he had announced several times that from a religious decree, it is unholy, it is religiously illegal to have weapons of mass destruction,” Pezeshkian said. 

When asked why the nuclear material had not been inspected by the International Atomic Energy Agency (IAEA) and was stored beneath Pickaxe Mountain, Pezeshkian blamed US military activity as the reason the UN watchdog has not been able to conduct an investigation since 2025. 

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For more than nine months, UC Berkeley has failed to honor a legal settlement with an Israeli dance scholar who was denied a teaching position due to her nationality. 

In response to a J. inquiry, a university spokesperson said the delay was caused by “internal miscommunication.” The university now promises that the scholar, Yael Nativ, will receive the job offer she was guaranteed in the December 2025 settlement “no later than the week of Sept. 28.”

“We deeply regret this unfortunate delay and look forward to welcoming Dr. Nativ back to our campus,” UC Berkeley spokesperson Dan Mogulof said in a statement. 

Nativ said she received an apology for the delay and the promise of an imminent job offer in a Sept. 21 email from a university administrator. 

“It’s always a surprise when I get emails from them because the correspondence was so little to none,” Nativ said. “I’m so tired of this case.”

UC Berkeley professor cites student anger in decision not to rehire Nativ

Nativ, a sociologist specializing in Israeli dance, taught in UC Berkeley’s dance department during spring 2022 as a visiting professor through the Helen Diller Institute for Jewish Law and Israel Studies. Her course focused on contemporary dance in Israel through social, political, and cultural perspectives.

The institute invited Nativ to reapply for another year of teaching. But after the Oct. 7, 2023, Hamas attack on Israel, SanSan Kwan, chair of the dance department, informed Nativ that she would not be rehired. In November 2023, Kwan told Nativ in a WhatsApp message: “My dept cannot host you for a class next fall. Things are very hot right now, and many of our grad students are angry. I would be putting the dept and you in a terrible position if you taught here.”

The university’s civil rights office investigated the matter and concluded that Nativ was discriminated against based on her Israeli identity. 

Nativ sued the university, with representation from the Brandeis Center for Human Rights Under Law, in August 2025. When the two sides settled the lawsuit in December 2025, the university acknowledged its wrongdoing and committed to apologizing to Nativ and inviting her back to campus. 

UC Berkeley apology followed by delay in job offer

UC Berkeley Chancellor Rich Lyons apologized to Nativ over Zoom on Feb. 3, but no job offer arrived. 

The lapse was publicized by Malcolm Feeley, a retired UC Berkeley Law professor, who wrote about Nativ’s case in a Sept. 16 article in the Jewish Review of Books.

“Justice delayed is justice denied. This is justice delayed in the extreme,” Feeley said in an interview. “It takes a concerted effort of badgering to get [the university] to move an inch.”

In a statement to J. following the publication of Feeley’s article, Mogulof said the university hadn’t sent Nativ a job offer due to a misunderstanding among administrators about who was responsible for doing so. 

Executive Vice Chancellor and Provost Ben Hermalin will personally ensure the offer will come within the next two weeks, according to Mogulof. 

Nativ went on to work as a research fellow at Ben-Gurion University in Israel after she left Berkeley. She said her main goal since the lawsuit has been to hold UC Berkeley accountable, not to land a job. 

“It wasn’t urgent for me to go [back to campus]. It’s more about making a point, getting my justice,” she said. “But if they invite, I will consider.”

This story was first reported by J. The Jewish News of Northern California and is reprinted with permission.

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Trump’s plan to sell earlier access to his Truth Social posts for six-figures has hit a new wrinkle. More than 50 former federal prosecutors and law enforcement officials are asking a federal judge to block Donald Trump’s $100,000 monthly service for early access to Truth Social posts, arguing that the arrangement could implicate several federal criminal statutes—including giving traders a paid window into potentially market-moving government information.

The 53 former prosecutors and law enforcement agents filed an amicus brief Monday in the Southern District of New York in support of a preliminary injunction from The Intercept and the Freedom of the Press Foundation. The group includes former officials who worked on public corruption and public integrity matters at the Justice Department, FBI and U.S. attorneys’ offices across 11 presidential administrations, both Republican and Democratic. Collectively, they say they have more than 880 years of government service.

“It’s so corrosive to democracy and to the public interest when we see the president financially benefitting from his official role,” Renata O’Donnell, senior legal counsel at the Campaign Legal Center which worked with Singleton Schreiber on the filing, told Fortune. “We’re in an environment where we all want to be looking to the founders, right? They came over because they were in a situation where they saw that a government all in the hands of one person was not a success—and they tried to insulate the president constitutionally and through a variety of other protections to make sure he could be independent.”

And the filing echoes the sentiment.

“There is no legitimate, let alone significant, government interest in allowing public officials to profit personally by selling early access to official government announcements,” the filing read. “But Truth Social’s new scheme to charge up to $100,000 per month for users to get early access to messages from the President and other officials on the platform seeks to do precisely that.”

Truth API is a data licensing product launched by Trump Media & Technology Group, the parent company of Truth Social. The company had pitched the service to financial institutions and trading firms as a way to receive posts from prominent Truth Social accounts before they are broadly available. Reports estimate nearly a dozen firms have already signed up for the $100,000 a month service.

“I’ll be blunt,” Gian Luca Clementi, an economics professor at NYU Stern School of Business, previously told Fortune regarding Trump’s subscription service. “This is insider trading by definition.”

Trump Media and Technology Group did not immediately respond to a request for comment from Fortune.

Not a lawsuit—yet

The group has not filed a lawsuit yet—and it’s not asserting that a crime has already been proven. Instead, the brief is disputing launching the service on grounds that it may be criminal. The brief states the Truth API subscription may violate criminal laws and the Securities Exchange Act, where violators may be liable for “unlawful insider tips.”

And O’Donnell emphasizes the liability of the subscribers, explaining that there can be “implications for the people who are paying for the premium subscription.”

“There is potential criminal liability for folks who have paid the $100,000,” she said, “and so that would extend to folks who have already paid the $100,000, and for future folks who might. And so, to shunt some of that future harm, it is in the public interest to shut this down sooner rather than later, as before more folks sign on.”

The filing also outlines further ways Trump’s service may be in violation of laws, including the Securities Exchange Act, Trade Secrets Act, illegal gratuity, conflict of interest, and illicit compensation for federal employment.

“Because there are myriad ways that the Truth Social scheme could pose criminal liability for both the President and for subscribers, there is no legitimate or significant government interest that justifies the scheme,” the filing read. “Public officers are trusted with serving the public and operating outside of corrosive special interests. But the Truth Social scheme flips this anti-corruption principle on its head.”

The filing also argues the financial relationship between Trump and TMTG makes the arrangement different from an ordinary government communications system. Trump is a major beneficiary of TMTG, and the brief says he therefore benefits financially when the value of Truth Social goes up.

The city of San Francisco separately sued TMTG as well, accusing the company of violating California’s unfair competition law and federal insider trading rules. The city is also seeking to stop the service and impose penalties for violations.

Just one of many business ventures for Trump

Trump Media operates Truth Social alongside Truth+, its streaming service, and Truth.Fi, a financial services brand. Its SEC filings say Truth.Fi includes investment products and a digital-asset strategy, including a bitcoin treasury. TMTG also launched a group of exchange-traded funds tied to themes such as American defense, energy security and other investments.

Trump’s family has separately built a substantial cryptocurrency business through World Liberty Financial, a venture co-founded by Trump and his sons. Trump’s 2025 financial disclosure showed more than $1.4 billion in income from crypto-related ventures, including almost $800 million associated with World Liberty Financial and $635 million from Trump memecoin sales.

This story was originally featured on Fortune.com

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Remember when holiday shopping started with a very important research trip through the rainbow-colored doors of Toys “R” Us? To an 8-year-old, it was serious business: Santa needed to know exactly which toys to bring, of course. And inevitably, when the holidays rolled around, there was always a sneaking suspicion that the pogo stick-shaped present under the tree was the same one from aisle 20.

Now, those 8-year-olds have grown up, and Toys “R” Us wants them back. The retailer is planning to open 120 stores across the U.S. this holiday season, nine years after the company filed for bankruptcy and eventually closed all of the more than 800 stores nationwide. But the new aisles won’t just be for kids making wish lists; they’re also courting adults who buy LEGO sets, trading cards, and collectibles themselves. 

The timing aligns with an uptick in toy sales: U.S. toy sales rose 17% in the first half of 2026, while sales of toys bought for adults climbed 25%, according to data by Circana. The question now is whether nostalgia can get those grown-up shoppers through the doors often enough to keep them open.

“Our customer base now extends well beyond kids and parents,” Jamie Uitdenhowen, the retailer’s executive VP at WHP Global, told Fortune in a statement. “Adults are increasingly buying toys, collectibles, and trading cards for themselves, and fandom has become an important part of the category.”

The kids grew up. So did their toy budget 

Adults still have their inner child at heart—only now, they have their adult money. Things like the Sonny Angel craze, or Labubu collectors lining up for blind boxes are nothing new. LEGO, meanwhile, sells flower bouquets and elaborate display sets aimed at adults. 

Toys “R” Us is trying to give those shoppers a familiar place to browse, even if the next must-have toy first caught their eye online. 

“We’re not trying to recreate the Toys ‘R’ Us of the past,” Uitdenhowen said. The company plans to sell toys tied to popular characters and fandoms, with some stores featuring Creator Studios—spaces where toy brands and creators can film videos and unveil products, and host launch events. Fans can attend an event in the locations featuring these studios, while the videos reach people watching from the comfort of their home.

Think of Jellycat’s plush toys, which have been around since 1999, long before they became a social-media craze. But recently, the brand’s in-store experiences have shown how a trip to buy a toy can become an event worth filming and sharing. Toys “R” Us is betting the studios can make toy launches similarly shareable, both inside the store and online.

Geoffrey the Giraffe is back, but his stores are smaller

The Toys “R” Us shoppers remember isn’t what’s coming back, though. Gerald Storch, who led the chain from 2006 to 2013 and now runs a retail consulting firm, told Fortune he expects the new stores to be smaller and require less investment than the traditional locations he once ran. He compared them to pop-up kind of stores like the ones in malls and shopping centers.

Neil Saunders, managing director and retail analyst at GlobalData, told Fortune nostalgia is only part of what’s drawing adults back to toys. “People are looking more for those kinds of craft-based, quiet activities where they can just take a moment out and sort of disconnect from the noisy world.”

Saunders also said the old Toys “R” Us didn’t collapse simply because shoppers lost interest. In 2005, Bain Capital, KKR and real estate firm Vornado Realty Trust bought the chain in a $6.6 billion deal financed heavily with debt. By the time Toys “R” Us filed for bankruptcy in 2017, it was carrying more than $5 billion in debt. That left it with little financial room to adapt as shopping habits changed. 

Still, Storch sees an advantage in a brand that people remember.

“The brand’s incredibly powerful,” Storch told Fortune, calling the expansion a “smart move.” But he cautioned against measuring the comeback by store count alone. By his estimate, 100 of the smaller stores might generate the sales volume of just a handful of traditional Toys “R” Us locations.

Toys “R” Us faces the challenge that parents shopping for their children still care about price and convenience. Saunders said that can send them to Amazon, Walmart or Target, where they can have toys delivered or pick them up alongside everything else on their shopping lists. The chain has to give families—and its newly grown-up fans—a reason to make a separate trip back into the rainbow-colored doors.

The expansion would bring Toys “R” Us to 160 standalone U.S. stores for the holidays. The company also said many of the new locations are expected to remain open well into 2027, though it will evaluate their performance and shoppers’ response. 

As Storch put it, “I’m sure everyone will make an assessment after the holidays of how many of these stores will stay open.”

This story was originally featured on Fortune.com

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OpenAI is preparing to preview its latest cybersecurity-focused model, GPT-6 Cyber, in the coming days, according to multiple sources familiar with the plans. It will also unveil a new product to help customers deploy the model in a more secure, automated manner.

The new, yet-to-be-named product will be a first for OpenAI, and extends a paradigm that OpenAI pioneered with its consumer products, in which ChatGPT serves as a gateway through which many users access new models like GPT-6 Astra. It aims to help customers create automated workflows and patch vulnerabilities in the face of increasingly sophisticated, AI-powered cyberattacks. It also gives OpenAI more oversight into how its models are being used, to monitor for safety.

The GPT-6 Cyber model and accompanying product could be unveiled at OpenAI’s Dev Day conference in San Francisco on Tuesday, Sept. 29, or sooner, with a launch expected in the coming months.

A limited number of customers in OpenAI’s application-only Daybreak Red program already have access to GPT-6 Cyber for alpha testing, the source said. Daybreak is the company’s cybersecurity program, which is broken into two access tiers—red and blue. Customers in the Daybreak Red program have access to OpenAI’s most advanced cybersecurity products. Daybreak Blue is its more generalized access program, though it is also application-only.

The release of the new cyber products comes as OpenAI and other leading AI labs have been under fire for a string of worrisome incidents in which “rogue” agents escaped their sandboxes and hacked outside websites including the Hugging Face site and an Australian government site. But while the incidents have set off alarms about AI’s security risks, OpenAI’s new cybersecurity tools are part of an ongoing effort by the company to develop AI security products.

GPT-6 Cyber is the fourth cybersecurity-focused model OpenAI has released this year. Its first was GPT-5.4 Cyber in April 2026, followed by GPT-5.5 Cyber in June, and GPT-5.6 Cyber in August. OpenAI has been focusing on enterprise sales of cybersecurity products, an effort now led by its Chief Revenue Officer Dali Rajic, who joined the company in August.

OpenAI said earlier this month it will invest $1 billion to subsidize the use of its cybersecurity products for critical services.

Next week, OpenAI also plans to ship a dozen or more other products at its annual DevDay event, according to another source familiar with the program. Most of those releases are not related to cybersecurity but rather other areas of the business, both enterprise- and consumer-focused.

OpenAI has put a freeze on any major launches in the past 2 weeks, save for its affordability-focused GPT-6 Sol and Luna models, so it could ship them all at DevDay, the source said. Earlier this month, CEO Sam Altman teased the buffet of new releases at DevDay in a tweet with multiple ship emojis.

OpenAI said earlier this month it will invest $1 billion to subsidize the use of its cybersecurity products for critical services.

This story was originally featured on Fortune.com

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The rapturous reception for the documentary film NAZA, whose name comes from the Hebrew acronym applied to the collateral damage estimates carried out by all law-abiding militaries, has once again brought allegations of cruel and arbitrary slaughter of civilians to Israel’s door.

There is a noble assumption at the heart of conflict journalism: that unflinching reporting of the horrors of war protects civilians and holds military power to account.

But conflict has changed, the information battlefield has changed, and now the way civilian casualties are being reported is actually creating a strategic incentive to produce them.

This is a phenomenon called civilian casualty harvesting: the deliberate exploitation of civilian deaths and suffering as a military and political resource. It is related to human shielding, but it is not the same thing. It is a cynical and grotesque abuse of conflict reporting.

Human shielding describes the use of civilians to protect military infrastructure. International humanitarian law prohibits it. The International Committee of the Red Cross defines human shielding as using the presence or movement of civilians to render military objectives immune from attack or to shield or impede military operations.

Civilian casualty harvesting begins where human shielding ends.

Its purpose is not merely to make an enemy reluctant to shoot. It is to create a situation in which either decision benefits the exploiting belligerent.

Do not attack the military target, and the combatants survive.

Attack it, and civilians die, and their deaths become ammunition in another theater of war: phone screens, newspaper front pages, cinema, TV, international institutions, and Western public opinion.

The civilian has become strategically valuable precisely because he can die.

The NATO Strategic Communications Centre of Excellence has described the strategic logic of human shielding in Gaza in strikingly similar terms:

“By engaging in these acts, Hamas employs a win-win scenario:

“If indeed the IDF uses kinetic power, and the number of civilian casualties surges, Hamas can use that as a weapon in the lawfare it conducts. It would be able to accuse the IDF (and Israel) of committing war crimes, which in turn could result in the imposition of a wide array of sanctions.

“On the other hand, if the IDF limits its use of military power in Gaza to avoid collateral damage, Hamas will be less vulnerable to Israeli attacks, and thereby able to protect its assets while continuing to fight.”

Cynical use of civilian casualties

The horrific innovation Hamas has perfected is the cynical use of civilian casualties to manipulate the global information environment.

A civilian death can now travel around the world before anyone knows what was targeted, whether combatants were present, what precautions were taken, who the dead were, or sometimes even what caused the explosion.

The image arrives first, context limps along after, and journalism, with its noble instincts drawing it toward human suffering, is allowing itself to be recruited into this twisted harvesting of death.

At CAMERA, much of our work consists of restoring context missing from reporting on conflict in the Middle East. Where were the combatants? What was the objective? Why is only violence from one side active, while the other is painted in passive and reactionary terms? This phenomenon is not restricted to any one outlet.

Hamas has learned that its strategy will not be questioned, and that the catastrophic suffering it causes to its own people will be uncritically amplified by Western journalists, driving public and institutional antipathy against Israel. It has identified an incentive structure.

If hiding among civilians makes you safer, you hide among civilians.

If preventing civilians from leaving makes enemy attacks politically more costly, preventing them from leaving becomes useful.

And if civilian deaths reliably generate international condemnation of your opponent, while scrutiny of your own role in placing civilians at risk disappears from the story, then civilian death has acquired strategic value.

This is where journalists and media outlets need to examine their own conduct. The failure is tiny and yet catastrophic. The simple fact is that by refusing to clearly label the original human shielding strategy, they have created an unending appetite for civilian death. Hamas has no reason to protect civilians in Gaza when putting them deliberately in harm’s way is so successful in achieving their war objective to isolate Israel on the world stage.

The journalist didn’t kill the civilian. The image didn’t kill the civilian. But an incentive doesn’t require direct responsibility; it requires participation and, darker still, complicity.

The war in Gaza has provided us with a stark case study in the harvesting of death for propaganda purposes, but it is by no means only an issue relating to Israelis and Palestinians. Western Europe arguably stands closer to the brink of war than it has since the 1930s. Iranian proxies across the Middle East hold huge populations captive. And in the digital era, the journalist, once the observer holding power to account, is now an active part of the battlefield.

Pressuring major outlets to acknowledge civilian casualty harvesting is not a hasbara (public diplomacy) issue. It is a reaction to the changed nature of conflict reporting in the era of the digital war. It is a campaign to prevent any civilian population from finding itself in the clutches of an authoritarian organization or government that realizes that civilians’ brutal deaths are more valuable to the war effort than their lives.

Crucially, acknowledgement would not ask journalists not to report on civilian deaths. The noble purpose remains the same. Report the deaths, but report clearly who caused them. If the BBC, for example, employed a simple formulation every time civilians died in Gaza because of Hamas strategy, “Hamas routinely embeds in civilian areas for strategic reasons,” it could, in nine words, strike a hammer blow to the incentive structure. If Hamas were being held to account for this horrific tactic, how long would the tactic remain useful?

The idea that being careful about context somehow diminishes compassion is backward and must be abandoned. The truth is more protective than ever. The media must fully commit to it, not just for the sake of Palestinians in Gaza, but for all of us.

The writer is a UK media researcher at CAMERA, the Committee for Accuracy in Middle East Reporting and Analysis. She previously founded Scotland Against Antisemitism.

This post was originally published on here. 

What if, on October 7, 2023, Gazans had gone to the neighboring Israeli kibbutzim to pick olives with Israeli civilians instead of killing and kidnapping?

It may sound impossible today. But I have learned that things that appear impossible can become possible when people choose to see one another as human beings before seeing one another as enemies.

I remember 2014.

I was suffering from a heart condition, and after doctors in Egypt, Ramallah, and Hebron were unable to resolve the problem, I received a referral for treatment in Israel.

Before entering through the Erez crossing, I was thinking deeply. It was going to be the first time I would meet Israelis face to face.

As a child, I had only seen Israelis from the other side of the border. I saw the soldiers. I saw Palestinian youths throwing stones. I sometimes went to the border, but I never threw a stone myself.

I remember standing there and thinking: Who are the people behind that border? And who are we on this side?

Then something unexpected happened.

As I crossed the checkpoint, Israeli soldiers helped me carry my bag to the other side.

I remained silent.

I eventually arrived at Ichilov Hospital in Tel Aviv.

Suddenly, I saw an Israel I had never experienced before.

There were civilians everywhere. Buses, trains, and trams. Flower sellers, falafel shops, apartment buildings, parks, and children playing on sidewalks. I saw mothers with their children and ordinary people simply living their lives.

It was my first real encounter with Israeli civilian society.

At Ichilov, I met a heart surgeon who looked at my medical records from Egypt, Ramallah, and Hebron. He told me that I needed further examinations and joked that I looked strong and had beautiful hair.

I laughed.

Over the next 11 days, I met dozens of Israeli patients, families, doctors, and nurses.

When they learned that I was from Gaza, I encountered compassion.

We talked about ordinary life.

We talked about olive-picking seasons.

We talked about the years when workers from Gaza traveled to Israel for work and returned to their families. We talked about the social and economic connections that had once existed between people on both sides.

Then, on the 12th day, the surgical team came to me. They told me that I needed urgent surgery.

I asked about the chances of success.

The answer I remember was: “God is there.”

I entered the operating room.

I lost a great deal of blood.

After I woke up, I learned that an Israeli man from Tel Aviv, who was accompanying another patient, had donated blood.

That blood helped save my life.

At that moment, I did not think about politics. I did not think about borders. I did not think about Hamas or Fatah or any political faction.

I thought about one human being giving something from his own body so that I could live.

The blood did not ask me about my identity.

It was simply human blood.

Hoping for peace in unexpected places

Since then, one question has remained with me: If a Palestinian and an Israeli can meet inside a hospital, and one can help save the other’s life, why can they not meet somewhere else? Why not in an olive field?

This is why I return to the question that may sound shocking: What if Gazans had gone to the neighboring kibbutzim on October 7 to pick olives with Israeli civilians?

What if that day had been a day of meeting instead of killing and kidnapping?

What if Palestinians had carried baskets for olives instead of weapons?

What if Israelis and Palestinians had sat together under the same olive tree?

I know many people will say that such a thing is impossible. But I believe that imagining a different future is sometimes the first step toward changing reality.

I am not speaking on behalf of Hamas, Fatah, or any political faction.

I am speaking about civilians.

About Gazans who want to live.

About Israelis who want to live.

And about a question we should be willing to ask openly: Do Palestinian and Israeli civilians want to continue dying, or do they want a chance to live?

The loudest voices are not necessarily the only voices.

There are Palestinians who want life, even when expressing that desire is difficult.

There are Israelis who want peace, even while living with fear, trauma, and grief.

I am one of the Palestinians who wants to see the voices of life and peace heard more clearly.

A few weeks ago, in Cyprus, I met Israeli civilians from the kibbutzim and Palestinian civilians from Gaza.

It was not a political meeting. It was a human meeting.

We talked about pain. Some of us cried.

We discovered that tears do not need translation.

The pain was shared, even though our experiences were different.

That is why I ask: Could such a meeting one day happen in Kibbutz Re’im?

Could it happen between the people of Re’im and the people of Jabalya?

Could Palestinians who have also suffered from Hamas and from war sit with Israelis who suffered on October 7, under the same olive tree?

I believe it can happen.

Not necessarily tomorrow. Not easily. Perhaps not for years.

But history is full of things people once considered impossible that became possible when ordinary people decided to break the cycle of fear.

For me, the olive harvest is not only about olives. It is about an opportunity.

An opportunity for a Palestinian to extend his hand to an Israeli – not to fight him, but to carry an olive basket together.

The photograph we took in Cyprus may be only a small photograph.

But I keep asking: Could the next photograph be taken in Kibbutz Re’im and Jabalya?

Perhaps peace sometimes begins in a place we do not expect.

A hospital.

A drop of blood.

An olive tree.

And two people who decide to meet as human beings.

The writer is a Palestinian peace activist and founder of the “We Want to Live” movement, which advocates for civilian life and alternatives to factional politics in Gaza.

This post was originally published on here. 

Our friends’ WhatsApp group began debating Netanyahu’s UN speech before he had opened his mouth.

Someone shared a link to watch without translation or commentary. Someone else suggested watching together. One friend wondered what there was to look forward to. Victory, achievements, Iran. She could already imagine it.

Another said she loved hearing him address the world. She admired his speechwriters and enjoyed the references. She also made clear that enjoying the performance said very little about whether she believed him.

Once he started, even the skeptics gave him credit.

“He’s a master at speaking,” one message read. A friend agreed, then added that he was ruining things at home. There was room in the conversation for both reactions.

When he finished, the friend who had been looking forward to the speech was annoyed. Why didn’t he talk this way to Israelis, she asked. In Hebrew. Explain his vision. Talk about our right to live here. Say these things to us.

“Come and say this here too. At home.”

I agreed with her. I still do.

Netanyahu was very good on Thursday evening. His English is impeccable, his confidence extraordinary. He knows when to pause, when to make a joke, and when to let a personal story do the work. He is smart, and he assumes his audience can follow an argument about history even while he simplifies the politics.

I enjoyed parts of it. I suspect quite a few Israelis who have no intention of voting for him did, too. Hearing someone defend your country well can feel good, especially after listening to it being attacked.

Bible diplomacy shapes Netanyahu’s message 

The biblical references worked. Call it Bible diplomacy. He told Syria’s president that Jews had been on the Golan “since the days of Moses.” He brought biblical figures into his explanation of who we are and why we are here. For a Christian listener familiar with those names, there is an obvious point of connection. For a Jewish listener, there is the satisfaction of hearing our history spoken about confidently. 

I initially wondered whether he had used the Bible more heavily than usual. Reading the previous two speeches made me reconsider. In 2024, the choice Moses put before the Israelites, between blessing and curse, organized much of the address. Even Thursday’s closing reference to the eternity of Israel appeared two years ago. 

What caught my attention in the comparison was how much more specific he had previously been about peace.

In 2024, he spent time on what an agreement with Saudi Arabia could achieve, including trade and regional infrastructure. Last year, he spoke about negotiations with Syria and invited Lebanon to direct talks. He described opportunities to expand the Abraham Accords. 

You could be skeptical of those prospects and still know what he was proposing.

This year, I came away with a much clearer sense of whom he was answering than of what diplomatic initiative he wanted to advance. There were plenty of arguments against Israel’s critics and relatively little about the agreements he hoped to reach. 

I wouldn’t judge the speech by whether it produced a breaking-news alert. Answering accusations is part of a prime minister’s job. Some of the people watching needed to hear Israel’s case again.

Personal stories of Yoni Netanyahu, the Leiter family frame vision for Israel’s future

But Israelis needed something from it, too. After three years of war, a list of achievements leaves a fairly obvious question: Where are we going?

The story about his brother Yoni, and the passage about the Leiter family, were among the moments that gave the speech a human weight. He spoke about people who had paid for the country’s survival. That makes an explanation of what comes next all the more necessary. 

Then there was this description of Israel: “one nation fighting for one future, left and right, young and old, religious and secular.” 

I liked that sentence. I would like to hear more of it in Israel, followed by an explanation of what it asks of him.

People who oppose Netanyahu also serve, raise children here, and worry about the country. They should be able to hear their prime minister explain his plans without feeling that the conversation is intended for somebody else. He has the ability to reach some of them. The messages in our group suggested as much.

Of course, a UN address serves a different purpose from a domestic interview. And of course Israelis can watch him speak in New York. We were doing exactly that.

Domestic audience looks for a message of unity, belonging

The frustration was with how much effort he was making to explain Israel to everyone else. My friends wanted some of that attention. They wanted to hear a future they could believe in, to feel proud of their country, and to feel included when its leader said: “we.”

I share that feeling. I would like him to explain which opportunities he thinks the military achievements have created, what he is prepared to do to pursue them, and what he expects the rest of us to carry. I would like to hear him answer the follow-up questions, too.

A serious conversation with the Israeli public would include people who disagree with him. Some would remain unconvinced. That is part of the job. He manages to stand before a hostile international audience and make his case; surely he can make more time for questions from home.

We have an offer, Mr. Prime Minister. At The Jerusalem Post, we’ve been trying to interview you for three years, with about as much luck as many of our colleagues in the Israeli media. It’s not too late. We can even do it in English.

This post was originally published on here. 

New York City Mayor Zohran Mamdani condemned Prime Minister Benjamin Netanyahu’s speech at the United Nations General Assembly (UNGA) on Thursday, saying he used the platform to “repeat baseless lies meant to sanitize his genocide of Palestinians.”

“No lie can change the fact that he remains the subject of an International Criminal Court (ICC) arrest warrant,” Mamdani said. 

This comes days after Mamdani called for the ICC to honor Netanyahu’s arrest warrant in an interview with CNN. 

In July, Mamdani said he was investigating the possibility of arresting Netanyahu based on the ICC’s warrant, concluding after a few days that he could not legally do so but still warning that Netanyahu was “not welcome” in New York City.

Netanyahu criticizes Mamdani, says he cannot silence the truth

During his address to the UNGA, Netanyahu addressed Mamdani directly, calling him antisemitic and saying that many Jews no longer feel safe in New York. 

“Shame on you for spitting in the face of the truth, Mr. Mamdani,” Netanyahu said. 

“It’s no wonder if we consider that you [Mamdani] praised criminals convicted of supporting Hamas; you count as friends people like Hassan Piker, who said America deserved 9/11. Some friends you have. You invite into your home a Palestinian journalist who filmed Hamas terrorists beating and torturing Israeli hostages and later admitted that he refused to publish the videos in order to protect the terrorists. Your wife likes a post praising the Oct. 7 massacre, and another saying Tel Aviv shouldn’t exist,” Netanyahu added.

“Mr. Mamdani, you tried to stop me from coming here; you tried to silence me. You can’t silence me. You can’t silence the truth. And here’s the simple truth. Israel didn’t commit genocide. Israel prevented genocide. And that’s exactly what Mr. Mamdani’s Hamas buddies would have done to us had we not stopped them,” he said.  

Miriam Sela-Eitam contributed to this report.

This post was originally published on here. 

Israel’s national team forward Saied Abu Farchi was sent off for his goal celebration during Israel’s 3-1 UEFA Nations League defeat to Austria on Thursday after using the corner flag to simulate a gun.

Abu Farchi headed home in the 55th minute at the Raiffeisen Arena in Linz to equalize after Romano Schmid had given Austria the lead from the penalty spot before halftime.

The 20-year-old then ran toward the corner, grabbed the flag and made a gesture resembling firing a gun during his celebration.

The referee had already booked Abu Farchi four minutes earlier and showed him a second yellow card for the celebration, resulting in a red card that left Israel with 10 players.

Austria regained the lead in the 90th minute through Phillipp Mwene, who finished after a cross from Paul Wanner. Sasa Kalajdzic added a third goal in stoppage time with a close-range finish.

International pressure grows over Israel’s football participation

The incident came amid growing pressure from some groups calling for Israel’s national team to be excluded from international competitions over the ongoing war in Gaza.

The Israel Football Association (IFA) recently engaged in a social media dispute with Republic of Ireland national team coach Heimir Hallgrímsson over Ireland’s decision to call for boycotts of upcoming matches against Israel.

In a post on X, the IFA wrote: “We have contributed to the world and humanity… Unfortunately, we have not yet found a cure for stupidity, ignorance and hypocrisy displayed by @IrelandFootball team coach.”

“We’re not playing with ignorance, hypocrisy and stupidity,” the IFA added. “We’re playing against the coach who embodies them.”

Hallgrímsson said last week that he had spoken individually with players about facing Israel and that “none of us feel comfortable playing in these games.”

Israel-Ireland games to be held behind closed doors amid boycott calls

On Monday, Reuters reported that more than 160 Irish sports figures had signed an open letter urging the Ireland national football team to boycott its two upcoming UEFA Nations League matches against Israel, according to the Irish Sport for Palestine Group.

The matches, scheduled for September 27 and October 4 in Serbia, will be played at neutral venues and behind closed doors.

Aaron Glick contributed to this report.

This post was originally published on here. 

‘The start-up isn’t the goal,” said Gadi Bahat, founding director of the Leaders program at Ben-Gurion University of the Negev. “The people are.”

It’s a deceptively simple distinction, but one that has shaped the program since its inception six years ago. 

While many academic entrepreneurship initiatives operate as accelerators, bringing students together around promising business ideas in the hope of producing the next successful start-up, the Leaders program takes a different route. It operates as part of the university’s Yazamut 360 center, led by Dana Gavish and Prof. Carmel Sofer, whose joint vision has helped position entrepreneurship as a strategic pillar at BGU.

GADI BAHAT, founding director of Leaders program at Ben-Gurion University’s Yazamut 360 Center.  (credit: Boris Kulikov)

“We looked at the traditional model and said not every student wants to become a start-up founder,” Bahat recalled.

“Entrepreneurship is much more than creating companies. It’s a way of thinking, a mindset. It’s leadership combined with personal resilience. These are skills and personal qualities that today’s world demands, whether you launch a start-up or not.”

That philosophy has produced dozens of graduates who have carried those skills into industry, research, and the public sector.

It has also led to socially minded start-ups like ANNIE. Founded by Leaders alumni Ofek Eliasko, Idan Mizrahi, and Tal Ben-Lulu, the venture aims to improve the treatment of trauma casualties by connecting first responders, field medics, and hospitals through a real-time monitoring platform.

THE ANNIE founding team receiving an investment check from Cactus Capital.  (credit: Boris Kulikov)

Like the Leaders program, the company’s origins are less about technology than about people.

“We didn’t focus on building a technological product,” Eliasko said. “We became passionate about solving a real human challenge.” 

Bahat, in turn, never intended to work in academia. An electronics engineer with an MBA, he spent decades in Israel’s hi-tech industry, serving in senior executive positions at companies such as Comverse and Alvarion before leading two start-ups of his own.

Then came an unexpected phone call. A former colleague, BGU’s Sofer, asked him to step in for what was supposed to be a temporary assignment.

“I came for a few months, and I fell in love,” he laughed. 

The value lies in doing

“We don’t teach entrepreneurship through theory,” Bahat explained. “We teach everything through practice.” 
That practical experience unfolds as what Bahat described as an entrepreneurial journey built on three pillars: entrepreneurial knowledge, personal skills, and hands-on work.

Students are divided into teams and asked to build start-ups together. But unlike a traditional accelerator, success is measured less by the company’s future than by the individual’s development. 

“The start-up is the learning tool,” Bahat explained. “Students encounter obstacle after obstacle. Every time they overcome one, they’re building an entrepreneurial mindset.”

Only later, while completing his master’s thesis, did Bahat discover the academic terminology describing what he had intuitively built.

“It’s called incidental learning,” he said. “Students come to learn entrepreneurship, but along the way, they leave with far more and acquire a completely complementary set of skills.” 

Those skills range from negotiation and public speaking to resilience and what Bahat calls “entrepreneurial agency,” the confidence and ability to drive change independently.

“You’re the engine,” he said. “That’s exactly what the market is looking for.”

That philosophy would eventually help shape one of the program’s most ambitious ventures. Eliasko and Mizrahi first met through Leaders, though their company took shape elsewhere.

Amid the war and the mass-casualty events that followed, Eliasko experienced an event that would eventually become the foundation of ANNIE. 

OFEK ELIASKO, Leaders program alumnus and co-founder of the medical technology startup ANNIE (credit: Boris Kulikov)

“We witnessed a highly complicated medical evacuation following a mass casualty event,” he recalled. “Tragically, one person died, while another recovered.”

What he observed stayed with him long afterward. “As we later examined what had happened, it became clear that there were significant gaps in the way trauma casualties are managed and evacuated in the field.”

Rather than accepting those failures as inevitable, the pair began asking what technology could do differently.
The result became ANNIE – a platform combining wearable hardware and software that can monitor critical vital signs in real time and transmit them continuously from the point of injury through emergency dispatch centers and eventually to hospitals. 

Its ambition reaches beyond traditional emergency medicine.

“Our vision is for ANNIE to become as common as defibrillators,” Eliasko said. “Every rescue team, every disaster response unit, every emergency situation should have access to it. Ultimately, we want to integrate into existing emergency systems, not only in Israel but everywhere.” 

Neither founder believes the company would exist without Leaders. “We actually built the foundations of ANNIE during the program,” Eliasko said.

“Leaders gave us a place to begin before we entered the real world.” Mizrahi agreed, arguing that the most valuable lessons had little to do with business models or investment pitches. “It challenged us professionally, but even more mentally,” he said. 

Students were encouraged to leave the classroom, interview strangers, test assumptions, and, above all, make mistakes.
“Bahat always said, ‘Go wild,’” Mizrahi recalled. “‘There are no limits; take it wherever you want.’ We made plenty of mistakes, but we also succeeded.”

Some of the most lasting lessons had nothing to do with entrepreneurship.

“The academic degree doesn’t teach you how to stand in front of an audience in English,” Mizrahi said. “It doesn’t teach resilience. It doesn’t teach you how to communicate under pressure.”

Perhaps even more important were the relationships.

“We had incredible mentors,” Mizrahi noted, recalling his personal mentor, Yoram Yaacovi, a former Microsoft executive.  

Beyond the BA

When asked how they fared once the program concluded, Mizrahi laughed. “Who says Leaders is over? Bahat still gets phone calls from us in the middle of the night.”

For the latter, those conversations are part of the program. “Students tell us this was one of the strongest experiences they’ve ever had,” he said. “And six years later they’re still using the tools.” 

This ongoing connection is formalized through the Leaders Alumni Association. Upon completing the program, graduates join an exclusive, growing network of hundreds of alumni who hold highly sought-after positions across a wide range of industries. Through dedicated networking events and gatherings, the association ensures that the community continues to thrive, offering lifelong professional value, support, and collaboration opportunities long after the academic year ends.

This relationship has also shaped the program itself. Early cohorts were given almost complete independence, but after it proved overwhelming, changes were made so that every team is paired with alumni mentors.

“We threw them into the deep end,” Bahat admitted. “It was too much.” 

Reflecting less on entrepreneurship than on humility, Bahat asserted that he has learned an enormous amount from his students. “If you’re open enough and humble enough, younger people will teach you far more than you expect.” 

Eliasko offered similar advice to future participants. “Leaders is only a taste of the real world,” he said. “Push yourselves. Stay up late. Take yourselves to the limit. That’s where the real growth happens.”

Mizrahi is even more succinct. “It’s a place where you’re allowed to dream,” he said. “More importantly, it’s a place where you’re expected to make those dreams happen.” 

Today, the program has also evolved alongside technology, with artificial intelligence becoming a growing part of the curriculum, and next year each student team will develop its own AI agents as collaborative teammates throughout the program.

Even so, those changes serve the same underlying objective. “The methodology changes; the person remains at the center,” Bahat said. 

For a university program that insists start-ups are merely a means to an end, the emergence of ANNIE may seem like a remarkable success story. Bahat would probably disagree. The company, after all, is only evidence that the real experiment worked. The real product of Leaders isn’t a start-up, but the people capable of building one.

This article was written in cooperation with Ben-Gurion University.

This post was originally published on here. 

Curbing the federal government’s roughly $2 trillion budget deficit would help reduce the affordability challenges American households are facing, a new analysis finds.

The nonpartisan Committee for a Responsible Federal Budget (CRFB) published a report on Wednesday detailing how reducing the federal budget deficit over both the near- and long-term could improve affordability issues for Americans through fiscal policy changes involving tax and spending policies.

CRFB finds that reducing the deficit can provide an affordability boost by tempering inflation, lowering interest rates, reducing cost pressures stemming from government policies, boosting private investment and preventing future affordability crises that could be caused by the insolvency of Social Security and Medicare.

“Fiscal policy alone cannot solve all affordability challenges,” CRFB noted, adding that monetary policy, regulation, plus policies related to housing, trade, foreign, labor and education are also significant factors, including at the state and local level. “But responsible fiscal policy can play an important role.”

FEDERAL BUDGET DEFICIT REACHES $2T IN FIRST 11 MONTHS OF FISCAL YEAR 2026, CBO REPORTS

“Conversely, expansionary fiscal policy – attempts to ease affordability concerns with subsidies, tax cuts, or spending measures financed by borrowed funds – is likely to worsen affordability challenges over time by boosting inflation, interest rates, and the cost of what is being subsidized,” the group wrote.

CRFB said that fiscal policies geared toward deficit reduction, such as higher taxes or limited federal spending and transfers from the government to households, reduce excessive consumer spending and inflationary pressures facing households.

Reducing inflation, which has been above the Federal Reserve’s 2% target for five-and-a-half years and is currently about 3.4% year over year, can also give the central bank room to lower short-term interest rates.

“Deficit reduction lowers interest rates through two channels. First, lower deficits reduce inflationary pressure and thus make it easier for the Federal Reserve to cut short-term interest rates (or reduce the need for the Fed to increase interest rates). Second, a lower stock of debt reduces the interest rates the Treasury needs to offer on long-term debt in order to attract buyers,” the report said.

US NATIONAL DEBT HITS $40 TRILLION MILESTONE FOR FIRST TIME EVER

CRFB noted that the Congressional Budget Office (CBO) estimates that every 1 percentage point reduction in debt-to-GDP ratio lowers interest rates by about 2 basis points. That means current interest rates are about 1.5 percentage points higher than they would be if the U.S. debt-to-GDP ratio was still at 2001 levels and hadn’t tripled in the last 25 years.

Healthcare costs are a key area where government reforms within programs like Medicare and Medicaid can reduce both costs to the government and consumers. For example, CRFB noted policies to lower drug prices, reduce overpayments, and reform provider payments can lower premiums and coinsurance costs for Medicare enrollees.

Lower federal deficits can also boost private investment, as CBO estimated that every dollar of federal borrowing “crowds out” about 33 cents of private investment – meaning firms invest less in areas that can boost productivity and workers’ wages.

CRFB noted CBO’s 2025 findings that stabilizing the debt as a share of GDP would boost real per-person income growth by one-tenth over the next three decades compared to their baseline and over 44% compared to a higher government debt scenario.

ONE TYPE OF SOCIAL SECURITY ADJUSTMENT COULD CUT THE 75-YEAR SHORTFALL IN HALF

That would amount to income per person growing by $46,500 with debt stabilized, or $32,350 if the debt is rising rapidly – an increase of about $14,250 individually and nearly $36,000 per household if the debt is stabilized.

Cost reductions and new tax revenues to shore up the solvency of Social Security and Medicare would also help prevent an affordability crisis from hitting seniors, who would face immediate benefit cuts if the trust funds that help finance those programs are depleted in the next decade as they’re currently projected to.

Social Security is facing an estimated 22% shortfall in 2032 when its trust fund reaches its projected depletion, which would trigger an automatic 22% cut for beneficiaries – roughly $500 per month in current monthly benefits.

CRFB added that deficit reduction could help the U.S. better prepare itself for future recessions, which can cause affordability challenges due to higher unemployment and slower income growth as well as higher government spending on relief programs. It can also stave off a future fiscal crisis caused by excessive growth in the national debt.

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“Responsible deficit reduction is not just an abstract concern for fiscal policymakers focused on bringing spending and revenue in line; it is one of the most powerful levers policymakers have to make daily life more affordable for American families,” CRFB said.

This post was originally published here. 

Iranian airlines were barred from neighboring countries, including the UAE and Oman, on Thursday in response to new US sanctions, the first major impact of a shift in US policy to target companies in third countries that do business with Iran.

The General Civil Aviation Authority of the United Arab Emirates, the Middle East’s biggest travel hub, said that as a result of the new US policy, it was suspending all flights by Iranian airlines until further notice.

Iran’s Islamic Revolutionary Guard Corps-affiliated Tasnim news agency reported that flights had also been shut down to Oman, Georgia and Azerbaijan, and to the Iraqi capital Baghdad. It said authorities were working to reroute flights to another Iraqi airport in Najaf, a major Shi’ite Muslim pilgrimage site.

Washington had announced it would put sanctions on any global companies doing business with Iranian airlines after September 23, with the aim of grounding Iran’s entire civil fleet worldwide.

Other countries in the Gulf region also appeared to have restricted flights.

Tehran’s Imam Khomeini Airport listed scheduled arrivals and departures on Thursday to and from countries including Afghanistan, Armenia, China, Iraq, Pakistan, Tajikistan and Turkey. But no flights appeared to be listed to or from the nearby Gulf states, with which Iran has long had some of its most important business and travel ties.

Iran has suggested that enforcement of a US-mandated air blockade would lead to potential escalation. On Wednesday, a senior Iranian official threatened to make airports “unusable” in any regional country that abides by the US ban.

Houthis continue to fire ballistic missiles at Saudi Arabia

Separately on Thursday, authorities in Saudi Arabia said they had intercepted six ballistic missiles fired by Yemen’s Houthi terrorists. The Houthis said they had fired dozens of missiles and drones at Saudi targets. An escalating conflict between Saudi Arabia and the Houthis has emerged this month as the combat zone in the wider Middle East war.

With the US-Israeli war against Iran largely stalemated for months on the battlefield, Washington has announced a shift in tactics to extend the reach of its financial sanctions by targeting companies from third countries that do business with Iranian firms, a practice known as “secondary sanctions.”

Trump referred to the new strategy last month as “economic D-Day,” comparing it to the assault on Nazi-controlled France in World War Two by the United States and its allies.

A flight ban, if sustained, could deepen Iran’s isolation and worsen an economic crisis in the country, which is already facing a US blockade of its ports at sea.

“We are living in an open-air prison,” a retired teacher in Tehran told Reuters by text message on condition her name not be used.

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Israeli weapons are top-notch, and it has the right to self-defense, Latvian Defense Minister Raivis Melnis told The Jerusalem Post in an exclusive interview on Thursday.

Due to the Russia-Ukraine war, Latvia currently faces the threat of drones spilling into its territory.

This visit, against the backdrop of the upcoming elections in both Israel and Latvia, carries considerable weight. According to Israeli defense sources, Melnis stated during the visit that Latvia is open not only to dialogue, but also to action.

During the visit, Melnis met with Defense Minister Israel Katz, Director-General Amir Baram, and top Israeli defense industry companies such as Rafael, Elbit, and Israel Aerospace Industries.

Melnis told the Post that Latvia is looking into “loitering systems and air defense systems” among other defense products.

Latvia looks to buy Iron Dome system

One system Latvia is exploring is Iron Dome, which is effective against drones and could be used to defend against drones from Russia. Meanwhile, Latvia has opted for a mutual, collective European air defense structure.

Latvia is also exploring the possibility of implementing anti-ballistic missile systems.

There have been reports that Israeli systems, other than the Arrow, can shoot down certain kinds of ballistic missiles –  and that they’re cheaper than the Arrow. If it exists, this affordable alternative may appeal to smaller countries like Latvia.

Melnis said they had “initiated those discussions, but we need to move fast. There is strong intent, and it would be very positive to get certain” air defense systems.

“We hope we will get these systems soon,” he noted. “Israeli systems are battle-proven. [They are] very high-end systems that have shown reliability during three years of war. Israeli companies provide systems for defending Israel, but also have the capacity to produce for different foreign partners. Israel has developed a really strong military industry.”

Melnis was asked if “moving fast” meant three to five years, which is markedly shorter than the 10 years most defense systems take to develop. He responded: “I hope it will take much less time than three years from the decision to the delivery. I hope for a much shorter time.”

Next, he was asked whether he’d met with Israeli officials to obtain cyberdefense products, as cyberattacks are worsening worldwide. According to Melnis, obtaining cyberdefense products was not on the list of goals for this specific visit, “but our experts are looking at different additional new technologies to improve cyber capabilities.”

Melnis focused on discussing purchases of “loitering munitions [kamikaze drones], artillery, and radar systems.” He said that some of Israel’s products have yet to be matched. Because of this, Melnis said he would send additional Latvian military experts to learn more.

Moreover, he said he wanted to “learn from Israel’s experience about how to protect borders, including from drones, missiles, proxy forces, and in cyberspace.”

He affirmed that “Israeli advice and guidance, based on its battle experience, was very unique.”

Melnis said he told Katz that the only two countries that have wide-ranging battlefield experience are Israel and Ukraine. He added that Israel’s experience in this arena went back decades, beyond the last three years of war.

In addition, Melnis said the visit has “a political perspective. Our president and other officials have visited Israel. This deepens our political cooperation. We strongly support Israel’s right to self-defense.”

He added: “We condemn Iranian attacks on Israel and support Israel’s defense of its country and its people. Iran is an enemy not just for Israel, but also for the region, and for our friends in Ukraine, where Iran is supporting Russia.”

Despite the NAZA film harming Israel’s reputation across the globe, Melnis said that he wanted to “show solidarity – it is an honor to be here.” He noted that he has not yet seen the film.

While the EU is boycotting Israel’s settlements, Latvia wants to expand economic cooperation and friendship with Israel. Melnis’s visit follows two previous visits to Israel by the head of Latvia’s Procurement Department.

In recent years, according to foreign sources, Latvia has purchased Israeli arms and cyberware in several deals. These include Rafael’s Spike missiles, worth around 200 million euros; Elbit’s UT30 turret system; and several contracts reportedly worth more than 600,000 euros, intended to buy Cellebrite’s phone-hacking equipment and software.

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Prime Minister Benjamin Netanyahu stood at the podium of the United Nations General Assembly hall and absolutely tore into all of the multiplying progenitors of antisemitism around the world. He jumped right in by calling out UN members that walked out ahead of his speech. “Before I begin, just a quick announcement. If there are any other moral cowards who haven’t yet left this hall, please do so now.”

By the way, a lot of moral cowards left, but a lot of people with moral backbones stayed and applauded Mr. Netanyahu on any number of occasions. Just as surprisingly, there were a lot of applause lines for President Trump the day before.

It was a remarkable speech. He regards himself as the leader of world Jewry, and no one can deny him that platform. He has basically governed Israel for nearly 30 years. Through thick and thin. Through the wars and the massacres. And the labyrinths of domestic politics. Including his moving Israel into free-market prosperity, despite the constant attacks their people have suffered.

I first met him about 30 years ago when he was finance minister, running for prime minister, and asked a number of us to help him develop free market policies. In a sense, though, all that is beside the point. Today, he stood up in the UN and blasted antisemitism. And he consistently praised Mr. Trump as his trusted partner. 

As he put it: “In this battle against the barbarians. We’ve had no greater partner than President Trump. I thank him. I thank him for his bold leadership. He boldly confronted an enormous danger to America, Israel and the world. Decades ago, he understood that if left unchallenged, the fanatic ayatollahs who chant Death to America, death to Israel would eventually carry out their mad fantasies. So Israel and America acted together not only to protect ourselves, but to save civilization.”

Having praised his friend Mr. Trump, he then proceeded to skewer his main enemy today, Mayor Zohran Mamdani. I don’t even want to paraphrase, so here’s the main quote: “So to all those spreading these lies about my country and about our brave soldiers, whether they sit in this hall or in the office of the anti-Semitic mayor of New York, I say this. Shame on you. Shame on you for distorting the facts. Shame on you for inverting victim and aggressor. Shame on you for spitting in the face of truth, Mr. Mamdani. Since you were elected mayor of this city, many Jews no longer feel safe in New York. They talk to me. They tell me this isn’t the city we remember. It changed so quickly. Now it’s no wonder you praise criminals convicted of supporting Hamas. You count as friends people like Hassan Piker, who said America deserved 9/11.”

Yet he wasn’t finished: “You falsely, repeatedly accuse Israel of genocide. Mr. Mamdani, you try to stop me from coming here,” and “you tried to silence me. Well, you can’t silence me. You can’t silence the truth. And here’s the simple truth. It was a simple truth. Israel didn’t commit genocide. Israel prevented genocide”

Yet it’s not only Mamdani at New York, antisemitism is spreading around the world. And Mr. Netanyahu spared no one. The premier asserted: “In New York, Jews are threatened on the way to synagogue. Jews have been stabbed in the streets. Jews are demonized. Targeted. They’re targeted simply for being Jews. Jews have been murdered in Sydney, Manchester, Montreal. Boulder, Colorado. They’ve been attacked in Los Angeles, London, Paris, Berlin, Washington, DC.”

Then he turned to his principal protagonist over the years, Iran, which has financed the war against Israel from Hamas and Hezbollah, and virtually every terrorist organization. Saying going to war was one of the easiest decisions he ever made as prime minister. He has dedicated his premiership down through the years, not only to stopping the arc of Iranian terrorism, but to prevent a murderous dictatorship from developing nuclear weapons.

Right here, let me say that he and Mr. Trump are succeeding in stopping nuclear weapons. Which brings me to Mr. Netanyahu’s vision pivot, where he said that “it’s only a matter of time that in Iran, something incredible will happen. The power of the people will overcome the people in power. I want you to listen to my words carefully one day, and it may not be far away. The Iranian people will be free. Their murderous regime will be toppled by its lies, by its corruption, by its cruelty. This evil regime will fall. And we will all celebrate that day.”

This is a wondrously positive vision, adjacent to Mr. Netanyahu’s earlier rallying cry, that “We will continue to win because we have no other choice.” It parallels Mr. Trump’s positive vision for humanity, that he said to great applause on Tuesday.

There was much more to the prime minister’s brilliant speech, about the Iranian tyrants who butchered and maimed tens of thousands of their own people, and the Biblical reference that Jews have been in the Golan heights since the days of Moses. The hideous barbaric Hamas slaughter of 1,200 Israelis and others, and the heroism that Israel recovered all of the hostages, both dead and alive. This is a speech everyone should read.

Finally, right outside my apartment building, there are hundreds of protesters, because I live in the same neighborhood where Mr. Netanyahu and his team stay. I don’t exactly welcome these protestors, but in a sense I do, because this is a free country and we believe in freedom of speech and freedom of religion. We are different than Iran, or Hamas, or Hezbollah, or the whole axis of terrorism, that regrettably still exists.

As I always do, though, I thank the cops for their service and protection. And then I thank Benjamin Netanyahu for his bravery.

This post was originally published here. 

Agentic commerce and prediction markets are two of tech’s biggest narratives this year. Now, New York-based investing app Public is bringing them together with a product that lets AI agents execute automated strategies tied to real-world events. On Wednesday, Public announced that users can deploy the agents to trade those events directly or use prediction market data as a signal for their broader portfolios.

It works like this: Public users decide on a strategy, and instruct the platform’s AI what they want it to do. The agent turns that request into fixed rules, which can range from sending an alert when the odds change to automatically buying or selling an investment. The product is aimed at investors who want to use prediction-market data to track events that could affect their portfolios, such as Federal Reserve rate decisions, regulatory approvals or company metrics like quarterly shipments. Investors must approve the rules before the agent can act.

Public partnered with Kalshi, one of the largest prediction markets, to launch the product. Kalshi will provide the event contracts and handle the trades, while giving Public users access to its markets through Public’s platform.

“AI agents can do work for you, and in investing, that means they can monitor markets when you’re not looking at a screen. They can execute strategies that you might have not been physically even able to execute yourself,” Leif Abraham, Public’s cofounder and co-CEO, told Fortune.

The launch fits into Public’s effort to position itself as an “agentic brokerage.” Founded in 2019, the company is backed by major venture firms including Accel and Tiger Global, and manages billions in assets across millions of users. Public is focused on active, self-directed investors, rather than people who rely on wealth managers to oversee their portfolios.

The strategy is a bid to distinguish the platform from discount brokerages that compete largely on price. Its software is intended to handle more of the routine work involved in managing a portfolio, rather than serving mainly as a place to execute trades.

To prevent AI agents from making unintended trades, Public’s chatbot converts each investor request into a visual plan. The user must review and approve the strategy before it runs as fixed code. Once activated, the agent cannot make trades outside the customer’s chosen conditions.

The Public-Kalshi comes at a time when agentic finance has been gaining mainstream momentum, particularly in payments. Major companies including Visa, Mastercard and Stripe have built tools that let AI agents shop and pay on users’ behalf. Prediction markets have also surged in the U.S. since the 2024 presidential election. Platforms such as Kalshi and Polymarket, where users trade on outcomes in politics, sports and culture, have reached multibillion-dollar valuations, while some contracts have generated billions in trading volume.

This story was originally featured on Fortune.com

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WASHINGTON — Heidi Overton, President Trump’s nominee to lead the Food and Drug Administration, was grilled by senators on hot button topics like China, vaccines, and abortion access in her hearing before the committee that will decide whether to send her nomination for a vote of the full Senate.

Throughout the two-hour hearing, Overton, a preventive medicine physician from rural New Mexico who worked in the White House during both Trump terms, revealed very little of her own feelings on top issues facing the FDA. Instead, she referred repeatedly to existing agency guidance and approvals for products like childhood vaccines and the abortion drug mifepristone — without saying whether she would endorse updating those guidance or altering approvals to satisfy the desires of Trump or health secretary Robert F. Kennedy Jr.

“You’ve done a pretty good job of avoiding answering questions so far,” Sen. Chris Murphy (D-Conn.) observed during his questioning. 

Continue to STAT+ to read the full story…

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Israel has received vastly disproportionate and unusually persistent media coverage compared with larger countries, states accused of widespread human rights abuses, and countries experiencing deadlier conflicts, according to an independent analysis of global media coverage published last month.

The analysis found that, in contrast to typical media trends, where the coverage volume of stories spikes and then rapidly decays over time, coverage of Israel remained persistently elevated, with no comparable decay. Further, it found that the floor of media coverage of Israel, in years when the country experiences no major conflict or war, is analogous to the level other small countries reach only “in the single worst week of [their] history.”

“The size of the spotlight, its persistence, and its tone are facts. They can be measured,” independent researcher and technology entrepreneur Jeremy Musighi, the author of the analysis, wrote.

Musighi analyzed nearly 14.7 million news articles published between 2017 and August 2026 using the Global Database of Events, Language, and Tone (GDELT), a massive open database that monitors global news coverage across 65 languages. He also used GDELT’s television database to measure broadcast coverage. With these, he examined how often countries around the world were mentioned or appeared as the primary subject of international media coverage over time, excluding each country’s domestic press from the data.

Israel media coverage shows unusual persistence

The analysis explains that at the heart of the anomalous attention paid to Israel, beyond the sheer volume of media coverage, was its persistence.

“Coverage volume is half the phenomenon. The other half is time,” Musighi wrote. “News attention is a decay function. A story erupts, peaks, and dies.”

To measure the persistence of major stories, Musighi examined television coverage of significant events from 2020 onward.

When the Taliban seized Kabul in August 2021, the fall of the city at its peak consumed 27% of the US cable news airtime measured in the analysis. Three months later, coverage of Afghanistan had fallen to just 2% of its peak. A year after the event, “it barely registered.”

Sudan followed a similar pattern after war began there in April 2023, despite subsequent famine declarations and a US determination that the Rapid Support Forces and allied militias had committed genocide. The same pattern held following the exodus of more than 100,000 Armenians from Nagorno-Karabakh in September of that year, which the European Parliament called ethnic cleansing.

Further, according to the analysis, Ethiopia’s Tigray war, in which African Union mediator Olusegun Obasanjo estimated around 600,000 people were killed, never reached even 0.03% of US cable news airtime.

Israel followed a markedly different pattern, averaging 5.65% of the US cable news airtime measured in the analysis for a year after the Hamas-led attacks on October 7, 2023, higher than Ukraine received in the year following Russia’s invasion.

A year after the attack, coverage remained 27 times its prewar baseline.

In print, coverage likewise showed no sustained decay, peaking at 3.8% in 2024 and remaining at 3.6% through August 2026.

The analysis also found that the volume of coverage dedicated to Israel was similarly disproportionate.

It used 2019, a relatively quiet year in terms of fatalities in the Israeli-Palestinian conflict, as a baseline year.

That year, according to the UN’s OCHA, Israeli forces killed 135 Palestinians, while Palestinians killed ten Israelis. OCHA’s tally notes that of the 108 Palestinians killed in Gaza that year, 44 were members of armed groups.

The analysis, using data from the Uppsala Conflict Data Program, cited a lower figure of 83 conflict deaths and compared the toll to “a month or two of homicides in Chicago.”

According to the Chicago Police Department, 492 criminal homicides took place in the city that year.

Still, in 2019, the analysis found that even without a major conflict for Israel to be engaged in, one of every 112 international news articles was primarily about Israel. Israel also ranked seventh in the world in terms of coverage and first in the world in coverage per capita, as it did in every year studied except 2022.

In these per capita terms, it found on average that, over the last decade, “the world wrote about Israel 71x Brazil, 86x China, [and] 283x India.”

The CNN Headquarters is pictured in Atlanta, Georgia, US, October 29, 2018. (credit: REUTERS/CHRIS ALUKA BERRY)

Following the start of the war, in 2024, “One in every 26 of the world’s articles mentioned Israel,” while the world published “more than twice as many stories about Israel as about all 48 countries of sub-Saharan Africa combined.”

That year, Israel’s per capita news coverage was more than six times higher than Ukraine’s.

GDELT data shows unusually negative tone toward Israel

The analysis also found that coverage of Israel was unusually negative in tone. Using GDELT’s document-tone scores, which measure the balance of positive and negative language in an article, Musighi found that even in relatively quiet 2019, coverage of Israel averaged -2.3 on a scale of -10 to 10, placing it in a similar range to countries including Iran, Syria and Iraq.

The metric, however, measures the language used in an article, rather than whether the coverage itself is biased against Israel.

In 2024, coverage of Israel by Western outlets averaged -4.4, with 78% of articles scoring negative, placing it in a more negative register than the same outlets applied to Russia, Iran or Syria that year.

Israel’s wartime register, Musighi wrote, was “darker than that of Iran, where dissidents are hanged to death by the regime from cranes in densely-populated city centers.”

In response to the findings of disproportionate persistence and volume in coverage of Israel, Musighi argues that “only one class of explanation survives.”

He traces the pattern back to a decades-old anti-Israel influence campaign, which he says was first spearheaded by the Soviet Union to turn international opinion against Israel and the United States, and was later taken up and sustained by other state actors, international institutions, and activist networks.

“The spotlight is not a response to events,” he wrote. “The spotlight is the operation.”

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Twenty people previously included in the Committee to Protect Journalists’ (CPJ’s) database of journalists and media workers killed in the Israel-Gaza war were removed after CPJ determined they had engaged in combat, the organization said on Thursday.

CPJ said the review examined its documentation of journalists and media workers killed between October 2023 and August 2026. The organization launched the process after Hamas and Palestinian Islamic Jihad published obituaries identifying as combatants people whom CPJ had previously listed as journalists, an issue that prompted CPJ to begin reviewing its Gaza casualty database in June.

According to CPJ’s updated casualty records, 20 people were removed after new research established that they had engaged in combat. Three names were removed after CPJ determined that the individuals were not journalists or media workers, with one person appearing in both categories. CPJ reinstated six people after determining that their deaths were work-related.

Among those reinstated was Assaad Shamlakh. CPJ also reclassified Ahmed Abu Mhadi from “journalist” to “media worker,” rather than removing him from the database. Nine other people were similarly moved from the journalist category to that of media worker, while three were reclassified in the opposite direction.

Review ‘applies existing standards’ to new information

CPJ said the review did not change its methodology or its definition of a journalist or media worker. Instead, it said researchers applied its existing standards to newly obtained information. Researchers examined published work, social media posts, photographs, videos and other material and, when new evidence emerged, sought to speak with at least two additional sources who had known the person killed. CPJ said it succeeded in doing so in 220 of the 229 cases reviewed.

The organization commissioned an external audit following the first phase of the review. The auditor found no evidence that CPJ had removed or retained individuals in violation of its stated criteria, but recommended that CPJ provide greater clarity about how it determines whether a person was engaged in combat. The audit also noted several areas in which CPJ’s documentation or methodology required clarification.

CPJ maintains that affiliation with a militant organization is not, by itself, sufficient for exclusion if a person was working as a civilian journalist and was not directly participating in hostilities. Under its longstanding policy, however, people found to have been engaged in combat are excluded from its casualty data.

The review follows months of scrutiny over classifications of Gaza-based journalists and media workers. CPJ’s annual report earlier this year said a record 129 journalists and media workers were killed in 2025, with the organization attributing most of those deaths to Israel, figures the IDF disputed.

Questions over militant affiliations have also affected other international press organizations. In August, Reporters Without Borders removed Gaza-based individuals from its media casualty records after information emerged linking them to terrorist organizations. Recent reporting has separately examined the broader question of journalists operating within Gaza’s Hamas-controlled media environment.

Media watchdog criticizes CPJ’s conclusions

HonestReporting, a media watchdog that has investigated alleged links between Gaza-based media workers and terrorist organizations, sharply criticized CPJ’s conclusions in a statement provided directly for this report.

“Hamas and Palestinian Islamic Jihad are no longer even bothering to hide how their operatives have posed as journalists. And why would they when the CPJ has been such a willing participant in the charade?

The CPJ removed almost two dozen terrorists HonestReporting had already identified, yet reinstated PIJ operative Assaad Shamlakh, left on terrorists like Hamas’ Ahmed Abu Mhadi and nearly 60 employees of terrorist-affiliated media remain on its list.

Gaza’s media ecosystem has been contaminated by proximity to Hamas and its allies. This is something CPJ simply refuses to admit despite being shown, repeatedly, to be complicit in helping the system to perpetuate while placing the blame on Israel.

It’s time the CPJ properly examined the flaws in its own methodology, as no such self-examination or reflection appear in this audit.”

CPJ, for its part, said its determinations were based on whether individuals met its definitions rather than on their views or affiliations. The organization said its review and external audit supported the way those standards had been applied.

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Yemen’s Iran-aligned Houthis said on Thursday that they had launched missile and drone attacks on what they described as “a sensitive target” in Saudi Arabia’s capital Riyadh and on Saudi Aramco facilities in the Red Sea city of Yanbu.

The statement came after Saudi Arabia said it had intercepted six ballistic missiles fired by the Houthis towards the southern province of Taif and Yanbu area on the Red Sea.

There was no immediate Saudi confirmation of an attack on Riyadh or of damage or casualties in either Taif and Yanbu.

This is a developing story.

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Lowe’s announced Thursday that it is rolling out a drone delivery pilot in North Carolina, saying it is the first home improvement retailer to offer shoppers the service.

The pilot is now live at a Lowe’s store in Matthews, North Carolina, where eligible customers can order select products through the DoorDash app for delivery by Alphabet-owned Wing drones in as little as 20 minutes, according to an announcement from the company.

“At Lowe’s, our mission is to solve problems and fulfill dreams for the home,” Seemantini Godbole, chief information and AI officer at Lowe’s, said in a statement. 

“To achieve this mission, we’re removing friction from home improvement and making it easier for customers to enjoy their home. Any technology we implement is designed to eliminate that friction so our customers can complete their projects quickly.”

LOWE’S LAUNCHES MAJOR EFFORT TO HELP CLOSE AMERICA’S SKILLED TRADES GAP

The service expands Lowe’s same-day fulfillment options, which already include buy online, pick up in store, curbside pickup and same-day delivery.

The initial rollout focuses on lightweight items that the company said are often “easily forgotten yet critical to finishing any home improvement task.” 

These include items like hand tools, paint products, soap, tape, batteries and all-purpose cleaner.

Wing drones can currently carry orders weighing about 2.5 pounds.

LOWE’S CEO WARNS AI CAN’T CLIMB A LADDER AS COMPANY MAKES $250M BET ON BLUE-COLLAR FUTURE

Customers within the eligible delivery area will automatically see a drone delivery option in the DoorDash app, where they can shop through the dedicated “Lowe’s by Drone” storefront and place qualifying orders.

The pilot builds on Wing and DoorDash’s existing drone delivery network in the Charlotte area and is part of Lowe’s broader effort to use technology to improve the shopping experience.

The company said its AI-powered tools, including the Mylow customer assistant and Mylow Companion for store associates, have answered more than 25 million questions since launching last year.

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“By piloting drone delivery, we’re addressing a real project pain point with an innovative solution that is integrated into the retail journey, giving our hometown customers next-generation fulfillment right when they need it,” Godbole said.

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For most of the last decade, AJ Scaramucci has built companies nobody outside his network was watching. He backed a bitcoin miner years before it became a Trump family venture. He wrote the first check into a satellite ground-station startup when its founder and her husband were the entire company. He quietly amassed a collection of comics, trading cards, and even dinosaur bones that he now argues belong in asset classes comparable to gold and bitcoin. And he assembled it all under one investment thesis he has been developing since college.

Solari Capital, the venture firm he is taking out of stealth today, has deployed roughly $350 million across early-stage investing, late-stage growth checks, and in-house incubations since its founding.

The astronomer-turned-venture capitalist

Scaramucci’s route began in science, far from finance. Describing an interest in “amateur astronomy” as a kid, Scaramucci said he worked in a bioelectronics lab, studying implantable therapeutics and the cholinergic anti-inflammatory pathway, before moving to the Bay Area and taking a job at Tesla in 2013, then a rotation through Google, where he briefly worked alongside Eric Schmidt.

Scaramucci traces his current thesis to April 2012, when he sat in his dorm room at Stanford reading Peter Diamandis’ Abundance: The Future Is Better Than You Think. He described it as something of a spiritual successor to Ray Kurzweil’s 2005 book “The Singularity Is Near, calling the pair “the Old and New Testament,” as both predicted the shape of the current AI boom years before the underlying technology existed.

He immediately started working to get to know Diamandis via methods Scaramucci describes as “brute force”: emailing XPRIZE’s general inbox “dozens of times,” failing, and eventually finding his way in through Chris Lewicki, then-CEO of the asteroid-mining startup Planetary Resources. By 2015, he was an entrepreneur-in-residence under Diamandis, building the CAR-T cell therapy startup Cellularity and the education venture Abundance Group. He later worked at Kai-Fu Lee’s Sinovation Ventures, splitting time between San Francisco and Beijing.

Scaramucci traces the same “brute force” instinct to his upbringing. The oldest of five children in what he called “a big, loud Italian family,” he watched his parents go from a one-bedroom apartment above a fire station in Tarrytown, N.Y. — “negative money in debt,” in his description — to a house in posh Manhasset, Long Island, by the time he reached high school. His mother, a chemical engineer, and his father, serial entrepreneur Anthony Scaramucci, gave him “a front row seat to [the] American dream.” That upbringing, he said, shaped his sales-first, ask-forgiveness-not-permission approach to sourcing deals and mentors alike.

Andrea Pasinetti, founder of the AI education startup Kira Learning, a Solari portfolio company, met Scaramucci at Stanford roughly 10 years ago, when Scaramucci was an MBA student. “He basically shared his worldview with me when we first had lunch. He started talking to me about programmable reality,” Pasinetti said. “There’s a remarkable consistency at a macro level with AJ that also permeates the micro.”

The Programmable Reality thesis

But what is Programmable Reality, really? As Scaramucci describes it, it’s the idea that as computational power keeps compounding, biology, intelligence, physical matter and money all become substrates that can be engineered with software-like precision, rather than domains governed by trial and error, intuition or manual labor.

“The ramifications of the programmable reality thesis are that every bit in the universe becomes programmable,” he said. “It’s kind of like the sequel to software eats the world,” he added, citing Marc Andreessen’s famous 2011 essay, “reality becomes programmable.”

The thesis splits into four verticals, each with its own roster of bets:

Programmable Intelligence covers AI, compute and foundation models. Solari’s positions include xAI, the lab behind Grok, now folded into Space Exploration Technologies Corp. (Nasdaq: SPCX) following SpaceX’s all-stock merger with xAI; Suno, the generative-music startup; Physical Superintelligence, an AI-native physics lab; and Kira Learning, Pasinetti’s AI-native K-12 education platform.

Scaramucci has backed Kira “from day zero,” according to Pasinetti. Kira’s technology is now used as part of a broader AI-in-education push in El Salvador, where a pilot cohort of 171 public schools recently posted PISA-for-Schools results that officials and the OECD described as comparable to Germany and Sweden’s 2022 averages. El Salvador’s national PISA scores outside that pilot remain well below OECD averages, and Pasinetti cautioned that AI in education “has to be done right.”

Programmable Biology spans computational drug discovery, gene therapy, immunotherapy and longevity. The portfolio includes Tessera Therapeutics, which is developing all-RNA “Gene Writing” therapies; Gameto, which engineers stem-cell-derived ovarian cells for IVF; Orionis Biosciences, which uses AI to discover molecular glues for hard-to-drug cancers; Prolific Machines, which applies optogenetics to biomanufacturing; Cambrian Bio, a clinical-stage longevity company; and General Medicine, a chat-first healthcare marketplace co-founded by Elliot Cohen and TJ Parker, the PillPack co-founders, alongside former Amazon Health executive Ashwin Muralidharan, who serves as CEO.

Our understanding of the immune system and the genome is still nascent but accelerating, Scaramucci said, “particularly because you can design drugs increasingly in silico. I can run simulations as opposed to doing wet lab experiments.”

Programmable Matter covers aerospace, defense, energy, materials science, semiconductors and robotics. Holdings include Varda Space, which manufactures pharmaceuticals and materials in orbit; Apex Space, which builds satellite buses at production-line speed; Giga Energy, which builds modular AI data centers; Base Power, which makes home batteries that function as a distributed grid resource; General Biological, focused on critical-industry supply chains; and Northwood Space, a phased-array ground-station startup founded by Bridgit Mendler.

Solari wrote the first check into Northwood “when it was a baby company,” Scaramucci said. The startup now has over 100 employees and has raised over $100 million. He cited recent progress in humanoid robotics — “we’ve seen robots beat Usain Bolt in a 100-meter dash. That literally happened a few weeks ago” — as evidence that embodied AI is catching up to language models quickly. “We passed the Turing test effectively four years ago,” he said. “When that has a body and it has senses” is, in his view, the next unlock.

Programmable Finance covers monetary-debasement hedges, fintech, blockchain infrastructure and decentralized finance, including Genius Terminal, a non-custodial multi-chain trading terminal; Fission Labs, which tokenizes venture-backed private companies for liquid secondary trading; and Architect Financial, which Solari describes as the first U.S. derivatives exchange built specifically for the AI economy.

Betting on friends, and against the grid

Solari’s investing style, Scaramucci said, leans heavily on long relationships rather than cold outreach to founders it doesn’t know. One clear example: American Bitcoin, the Bitcoin miner co-founded by Eric Trump that went public this year via a reverse merger. Scaramucci backed a $220 million financing round in the company last July, Fortune exclusively revealed at the time, with Solari alone contributing more than $100 million.

The bet traces to U.S. Bitcoin Corporation, where Scaramucci backed Asher Genoot, Mike Ho, and his Stanford Business School roommate, Matt Prusak. That company merged into Hut8, now a $10 billion publicly traded company, which later spun out American Bitcoin. “That story is one of really like an 11-year friendship with Mike and Asher,” he said.

That trade sits inside a broader, deliberately contrarian view of where value is being created. Noting that gold and bitcoin together have created more market capitalization since 2008 than the entire “Magnificent Seven” group of tech stocks, he argued that “currency debasement” is a defining reality of 21st-century finance, with the “average life expectancy of a given currency” running around 26 years. That view extends into Treasure Trove, the collectibles holding company he launched earlier this year and has since used to buy a first-appearance Iron Man comic for $2 million and, separately, a record-setting Pokémon card.

“I think of collectibles as the cultural store of value in the same way gold might be the physical store of value or Bitcoin might be the digital store of value,” Scaramucci explained. “I’ve been in the market buying a lot of one-of-one Grail assets because these Grail assets have unbelievable, uncorrelated returns. … I view them as a debasement trade.”

Pasinetti pointed to Scaramucci’s interest in dinosaur fossils as an example of his timing. “This was probably a year and a half ago, two years ago, he was talking about … the short supply of T-Rex fossils,” Pasinetti said. “Just a few months ago, Sotheby’s transacted the most expensive T-Rex fossil, and AJ was talking about that very one a long time ago.”

Scaramucci called the collectibles market a “sleeping giant” that institutional capital has largely ignored, and pitched Treasure Trove as a way to open it up to ordinary investors, not just the ultrawealthy. “It’s a $25 trillion asset class that has not been properly institutionalized,” he claimed. It’s the flipside of programmable reality, he explained: one trade is “the AI trade or the singularity trade where computational power continues to double … But there’s also this other trade happening, which is the scarcity trade or the cultural trade.”

Building from zero

Solari also builds companies in-house, and Scaramucci said that incubation arm is central to the firm’s identity. Radial Health, an interventional psychiatry chain treating treatment-resistant depression, bulimia, anorexia, addiction and PTSD with transcranial magnetic stimulation and ketamine, is the flagship example. He built it alongside Cohen and Radial CEO John Capecelatro; public filings list Alex Klokus as a third co-founder, along with Anthony Scaramucci. The company has since raised follow-on funding from General Catalyst, the Box Group, the Emerson Collective and SV Angel, and now appears on the Nasdaq Private Market as a pre-IPO name.

Pasinetti recalled hearing the idea early. “He talked about his view on programmable biology and started talking about psychedelics as interventions for PTSD and other mental health disorders. This was before the conversation was mainstream,” he said. “Then you start reading headlines … that play back elements of the vision he had described a year before.”

Solari’s incubation model runs alongside SALT, the investor conference and media business Scaramucci co-chairs, which he described as an informal investor-relations function for the portfolio; its five to seven events a year draw roughly 10,000 attendees combined.

A network built over a decade

The firm’s approved list of backers includes SV Angel founder Ron Conway, Breyer Capital’s Jim Breyer, Bain Capital co-chairman Stephen Pagliuca, former Alphabet chief executive Eric Schmidt and Diamandis, who has founded more than 25 companies in longevity, space, venture capital and education — several of them mentors Scaramucci has known since his 20s.

“AJ is an exceptional investor and operator — a rare combination in venture,” Conway told Fortune. “He has the instincts to identify great founders early, tenacity and the ability to recruit world-class teams.”

Pasinetti compared Scaramucci to a sort of reverse Cassandra, the prophet from Greek mythology cursed to see the future accurately but never be believed. “AJ has a perpetual fear of Cassandra prophecy,” Pasinetti said. “He is able to see things that seem outlandish at first, but become kind of consensus after a year or a year-and-a-half of his working on them.”

Betting that exponentials are deceptive

Asked how quickly these technologies will reshape the economy, Scaramucci pushed back gently on the premise that AI adoption has stalled, arguing that any lag in real-world deployment is structural rather than a sign the thesis is wrong.

“I actually think that things in the digital domain are moving even faster than expectations,” he said. “The notion of having fundamental mathematics or physics or chemistry or biology breakthroughs — we’re starting to have that now.”

“In that reality, well, you have radical abundance,” he said of the world Programmable Reality points toward. “Ideally the optimistic take is that food, water, shelter and basic needs are covered … I’m less of a doomsday-er than I am an optimist.”

“You can expect from us to continue to double down on this nature of programmable reality,” he said. “It’s a thesis that I think has a lot of multi-decade staying power.”

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.

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The CEOs of two of America’s top AI companies told the UN Security Council on Wednesday that artificial intelligence has become a threat to global security, and asked world governments to write shared rules for it. 

Yet the White House won’t jump. On Thursday morning, ahead of his summit with Chinese President Xi Jinping, Trump posted that “super intelligence”—his administration’s new term for AI—would be a big topic of discussion, “but I want to leave it exactly where it is. That is China’s position also.” He added: “Our guardrail is the DOJ!”

And hours later, standing next to Trump at the White House, Xi struck a different, more cooperative note. “We have both the capability and responsibility to develop and manage AI for good and ensure that development of AI is always under human control,” he said.

Behind the scenes, the two nations have begun talking. China’s commerce ministry said at a press conference Thursday the countries had held their first dialogue on AI, after Treasury Secretary Scott Bessent met Chinese Vice Premier He Lifeng in New York earlier in the week. Bessent said that the U.S. proposed a notification mechanism between the two countries for national security-related AI incidents.

That’s similar to what Anthropic CEO Dario Amodei asked the Security Council for a day earlier. “No leader, no company, and no nation can manage this alone,” he said.

It’s also an early sign that the administration’s public posture and private diplomacy don’t fully line up. Two days earlier, Trump told the UN General Assembly the U.S. rejects any “globalist scheme” to control AI. Yet now his Treasury secretary is proposing a formal channel with China, the country which Trump and American VCs cast as the main villain in the race to AI against the U.S. 

Yet Amodei’s proposal at the Security Council went further. He called for starting with small agreements every country could agree on, such as a ban on using AI to make biological weapons, then building systems for governments to verify each other’s commitments, and then the global alert system. OpenAI CEO Sam Altman also called for fast, shared incident reporting. And he said his company had slowed down its own AI development before and would again, undercutting the industry’s usual argument that they’re locked in a race they can’t escape from. 

Borrowing the UN’s language

Xi’s line about keeping AI “under human control” echoed nearly word for word what speakers told the Security Council a day earlier. Yoshua Bengio, an AI scientist who co-chaired the UN’s scientific panel on AI, said the goal was AI that “demonstrably remains under our control.” Pakistan’s foreign minister also said the top priority was to “retain human judgment and control” over AI.

That allows Beijing to present itself as the responsible party on AI as it visits the White House, while Trump claims China shares his hands-off approach.

China is also building its own coalition on safe AI. In July it launched the World Artificial Intelligence Cooperation Organization, with 29 countries (and no major Western democracies), pitched to the developing world as a way to share AI rather than let a few American companies dominate. At the Security Council, Pakistan, a founding member of that organization, warned that measures “pursued in the name of safety must not become instruments of denial of technology,” a thinly veiled shot at U.S. export controls on advanced chips, or of a regulatory regime that would prioritize a few top models at the expense of open source. Loosening the chip controls is one of Xi’s top asks this week.

Clement Delangue, the french CEO of Hugging Face, the company OpenAI’s models hacked this summer, agrees with Xi that open models keep all the companies safer. He told the council that when his team tried to use closed American AI models to defend itself, the models’ safeguards blocked them. So they fought the attack with an open sourced model from China. The bigger risk than powerful AI, he said, is that just a few companies and countries control it.

That’s an awkward pitch for OpenAi and Athropic, both of which sell closed models. The safety regime that they are instead pitching, with extensive testing, verification and a coordinated pace at the frontier, is also the kind that only a few well funded companies can most easily meet.

American tech isn’t necessarily united behind the CEOs, either. Meta CEO Mark Zuckerberg told NBC News this week that he doesn’t think the industry needs “some kind of industrywide coordination,” arguing there’s “plenty of commercial incentive to get this right.” Nvidia CEO Jensen Huang, who is expected at Thursday night’s state dinner with Xi, has called AI fears overblown. Trump’s position is much closer to theirs than to Altman’s or Amodei’s.

This story was originally featured on Fortune.com

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Prime Minister Benjamin Netanyahu said that the genocide claim against Israel was “the lie of the century, while adding that the Iranian regime’s toppling was “only a matter of time,” during his Thursday address to the United Nations General Assembly.

One of the main topics in Netanyahu’s speech was the different fronts that the country is fighting, with the prime minister explaining that Israel is also fighting on the information front against countries that push for antisemitic narratives and spread lies “such as the genocide claim.”

“What genocidal regime gives millions of polio vaccines to the enemy population? What genocidal regime enables the distribution of two million tons of food to Gaza, a ton per person?” Netanyahu asked the assembly, adding that a majority of the fighting was done in the social media sphere.

Netanyahu also said that there were several countries in the region actively financing information campaigns against Israel, with Qatar being the first one to hold these sorts of policies and Turkey being the last one.

“Years ago, Qatar started financing universities and the toxic media outlet Al Jazeera. They did the same in Europe, by the way. And their goal was clear. Brainwash young minds to hate Israel, America, and the West. This is the same Qatar that holds the Hamas butchers of October 7,” he said.

“Now the last country to become an antisemitic spreader of lies is Turkey. [Turkish President Recep Tayip] Erdogan is a tyrant who also hosts the Hamas terror chiefs,” he added.

Netanyahu also explained that the Turkish leader has “murdered thousands of Kurdish civilians, denies the Armenian genocide, has jailed thousands of journalists, and in fact, he holds the world record for this, and illegally occupies northern Cyprus and regularly trespasses into Greece, a NATO member.”

He said that it was no surprise that now Erdogan was “attempting to trespass into Syria, and that’s not surprising. Because he called for Israel’s destruction almost every single day. He says he is going to be the ruler of Jerusalem. No sir, you won’t.”

Netanyahu calls out Mamdani for links to Hamas, Hasan Piker

During his speech, Netanyahu also called out to recently elected New York City mayor Zohran Mamdani for his policy, saying that Jews are worried about the state of the city and the safety. “Many tell me that this is not the New York that we know, and that they can’t believe how fast it changed,” he pointed out.

“It’s no wonder if we consider that you [Mamdani] praised criminals convicted of supporting Hamas; you count as friends people like Hassan Piker, who said America deserved 9/11. Some friends you have. You invite into your home a Palestinian journalist who filmed Hamas terrorists beating and torturing Israeli hostages and later admitted that he refused to publish the videos in order to protect the terrorists. Your wife likes a post praising the Oct. 7 massacre, and another saying Tel Aviv shouldn’t exist,” Netanyahu added.

“Mr. Mamdani, you tried to stop me from coming here; you tried to silence me. Well, you can silence me, you can’t silence the truth,” the Prime Minister continued, and said: “And here is the simple truth: Israel didn’t commit genocide; Israel prevented genocide. And that’s exactly what Mr. Mamdani’s Hamas buddies would have done if we hadn’t stopped them; they would have killed every last one of us.”

Netanyahu refers to West Bank violence, recounts latest attacks against Israelis

In another moment of his speech, Netanyahu recounted the recent rise in West Bank violence, saying that the settler population can’t be represented by 150 youngsters who “throw rocks and burn down olive trees.”

“I can’t stand for vigilantes, and that’s why we are looking for them with the Shin Bet,” he continued, adding that there is no comparison between settler violence and the terror attack perpetrated by Palestinians against Israeli civilians in the West Bank. 

“Three days ago, an Israeli-French citizen was shot by a Hamas terrorist in a lake in Judea and Samaria. Two days ago, a reservist was run over by a terrorist while in Judea and Samaria,” he recounted, then explaining that the victim of the car ramming was Neria Leiter, an American citizen who serves as an IDF reservist and is the son of Ambassador to the US Yechiel Leiter.

“In a recent post, before he was attacked, Neria wrote this: We have no country; it is a privilege to defend it. To Neira, and to all the heroes of Israel, I pledge: Your sacrifice won’t be in vain. We will continue to fight and to win, because we have no other choice,” Netanyahu said.

Starlink, beepers, and people leaving during his entrance

During the speech, Netanyahu also used prompts to explain his points, starting by showing a beeper when recounting how the IDF destroyed the Hezbollah threat with the beeper operation, and also a Starlink antenna receptor when speaking about the Iranian people rising up against the regime.

While talking about Iran, Netanyahu also recalled how the protests seen against Israel in Gaza and the West Bank were not seen when Iran repressed protesters in the streets. “But I have news for you. In Iran, the power of the people will overcome the people in power,” he said.

During Netanyahu’s address, several delegations walked out and booed the Prime Minister when he was called to the podium. Although several delegations left the plenum, 120 remained in their seats, according to the Prime Minister’s Office, which told Walla. 

Additionally, Iran’s delegation left a photograph of arch-terrorist Islamic Revolutionary Guard Corps Quds Force leader Qasem Soleimani on the bench.

Iran's delegation left a photograph of arch-terrorist Islamic Revolutionary Guard Corps Quds Force leader Qasem Soleimani on the bench. (credit: screenshot)

Bennett, Golan, Sa’ar react to Netanyahu’s speech

Former prime minister and B’Yachad party leader Naftali Bennett said that Netanyahu missed his “historic opportunity to declare Qatar an enemy and expose its involvement in the October 7 massacre to the entire world.”

“In doing so, he whitewashes and legitimizes Qatar. Every moment Netanyahu refuses to call the Qatari enemy by its name harms our national security, damages Israel’s standing in the world, and dishonors the memory of those murdered in the massacre,” Bennett added.

“Qatar is an enemy with the blood of our people on its hands. They funded [Hamas’s] Nukhba forces, celebrated the massacre, have hosted and continue to host Hamas leaders, and even at this very moment, continue to spread antisemitic propaganda worldwide calling for Israel’s destruction,” he continued.

“Netanyahu speaks about Hamas, but he is trying to hide the truth. Without Qatar, there is no Hamas. Netanyahu is handing Qatar the keys to Gaza, which is why he has been unable to defeat Hamas for three years now,” the former prime minister said.

“We will declare Qatar an enemy, oust it from Israel and Gaza, and defeat Hamas,” Bennett concluded.

Netanyahu’s speech “presented our truth in the house of lies that is the UN,” Foreign Minister Gideon Sa’ar said.

“Israel’s prime minister must be equipped with the abilities and skills to fight for Israel’s cause and to be a player on the international stage. The candidates seeking to replace Netanyahu in these elections do not have these abilities that Netanyahu has,” Sa’ar added.

“I was surprised to hear that Netanyahu is accusing Qatar of spreading lies and hosting Hamas leaders on October 7. Apparently the speech did not align with Yonatan Urich,” Democrats party head Yair Golan said.

Danon, allied nations presidents meet with Netanyahu on the sidelines

Israel’s Ambassador to the UN, Danny Danon, welcomed Netanyahu and his wife Sara before the PM took the stage.

Protests were reported outside the UN Headquarters against Netanyahu’s presence at the gathering of world leaders.

Several protesters were arrested by the New York Police Department for causing disruptions outside UN HQ.

Among those arrested was anti-Zionist movie star Susan Sarandon, Walla learned.

Before his speech, Netanyahu met with Greek Prime Minister Kyriakos Mitsotakis on the sidelines of the UNGA.

Netanyahu “emphasized the importance of the strategic partnership between the countries for regional stability and welcomed Greece’s selection of Israeli defense systems,” the Prime Minister’s Office said.

Netanyahu and Mitsotakis discussed “regional developments, energy cooperation, and the advancement of another tripartite summit with Cyprus,” the PMO added.

Netanyahu also met with Slovenian Prime Minister Janez Janša on the UNGA sidelines, the PMO confirmed.

He thanked Janša for the opening of the Israeli embassy in Ljubljana and his “steadfast support for Israel, which has led to a turnaround in bilateral relations,” the PMO said.

The two leaders “discussed opportunities to deepen cooperation between the two countries in various fields,” and Netanyahu invited Janša to visit Israel, the PMO noted.

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“The Readout LOUD” is going international this week.

STAT’s Jason Mast joins the podcast from Shanghai, where he’s digging into what the rise of Chinese drug development means for the biotech industry. The hosts also speak to colleague Margaret Manto about Heidi Overton, the president’s pick to be commissioner of the Food and Drug Administration. Will the new nominee bring some needed stability or controversy to the troubled agency?

Read the rest…

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Banks are warning that using artificial intelligence (AI) agents for online shopping could increase the risk of scams, fraud and data privacy breaches affecting consumers.

The warning was issued in a report by a group of banks including Bank of America, Capital One, the UK’s NatWest, New Zealand’s ASB Bank, and Commonwealth Bank of Australia and cautioned that despite enthusiasm about the potential for AI shopping agents, the tech risks outpacing consumer protections and industry standards.

“Consumers are unclear if AI will act in their interests,” the report said. “They are concerned that AI agents may buy the wrong thing or spend too much – or even worse, lose their money to scams and fraud. They are not sure whether they will be protected or who they will need to go to if things go wrong.”

Tech companies are rolling out increasingly capable AI agents to consumers, who can use them as shopping tools to track products and even make purchases on their behalf.

EFFECTIVE AI GOVERNANCE DOESN’T SLOW INNOVATION, AI EXPERT TELLS HOUSE PANEL

British retailer John Lewis said in September that searches from AI agents rose from 0.3% last year to 2.5% this year, with the AI agent share of traffic rising.

The banks’ report warned about risks involving AI agents, including requesting customers’ card details and entering them directly into websites, or steering consumers to payment methods with weaker protections.

The banks are planning to discuss proposals with policymakers aimed at protecting consumers, like requiring disclosure when an AI agent is involved with a transaction, increased transparency over how AI agents make decisions, and safeguards to protect customer data.

META INTRODUCES MUSE, A PERSONAL AI AGENT THAT CAN SEND EMAILS, BOOK TRAVEL

The report also said that consumers and merchants should be free to choose which AI-powered e-commerce services they use, while different systems should be interoperable.

Agentic AI systems are able to take actions and interact with other systems with a measure of autonomy granted by the user. They differ from conversational AI chatbots in that they can perform tasks, rather than simply respond to a user’s prompt by performing research.

META’S MUSE BECOMES APP STORE’S HOTTEST DOWNLOAD

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Reuters contributed to this report.

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Tools that target revenue cycle management are attracting attention — and investment dollars — from providers, while payers are buying tech focused on utilization management, according to a new survey.

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Record-high diesel prices are squeezing American farmers during harvest season, raising the risk that higher production costs could eventually hit consumers at the grocery store.

Pivot Bio CEO Chris Abbott joined FOX Business’ Taylor Riggs on “Mornings with FOX Business” to discuss how rising diesel and fertilizer costs are pressuring farmers and threatening to push food prices higher.

Diesel prices have climbed to a national average of $6.51 per gallon as global supply disruptions tied to conflicts in Iran and Ukraine strain fuel markets. U.S. farmers depend heavily on diesel to run tractors, combines and other equipment, making the surge particularly painful during harvest season.

NATIONAL AVERAGE PRICE FOR DIESEL HITS NEW RECORD HIGH AMID IRAN CONFLICT

“If you think about the ripple effect of that, higher diesel and input costs mean the marginal acre may come out of production or the marginal investment doesn’t happen. And so you get lower yield. When you get a lower yield, you get [a] higher price. So it can be a vicious cycle as input costs rise very quickly,” Abbott said.

Abbott said stronger corn prices could encourage higher productivity and help soften the blow, but he warned the pressure may not disappear quickly.

“We certainly look like we’re facing higher food prices and higher protein prices for at least a year or so to come,” he said.

PETER SCHIFF PREDICTS ECONOMIC ‘DOWNTURN,’ HIGHER OIL PRICES: ‘I DON’T THINK IT’S OVER’

The fuel crunch is hitting an agricultural sector already facing elevated input costs. Abbott said fertilizer prices are also moving higher as growers begin making purchases for 2027, adding another layer of uncertainty for farm budgets.

“There’s no other solution for our farmers in the United States… We must get the cost of farming and the volatility down, full stop. You cannot argue that,” Abbott said. “And so you need new technology. You need new support programs for growers to adopt innovation, to take that cost down.”

A FRESH MIDTERM HEADACHE FOR THE GOP JUST HIT A NATIONAL RECORD

Abbott also expressed skepticism that short-term restrictions on diesel exports would solve the underlying problem, arguing that fuel operates in a global market and temporary supply controls would do little to address the structural pressures facing producers.

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Startup Fervo Energy flipped the switch on its Cape Station power plant in Utah, officially bringing the first next-generation geothermal power to the grid at a utility scale, the Houston-based startup announced Thursday.

The U.S. faces an unprecedented demand surge for power from the AI boom and more, and next-gen geothermal power is now part of the mix. Geothermal offers both clean energy and reliable baseload power without the intermittency issues of wind and solar.

Bill Gates-backed Fervo, which went public in May with the biggest clean-energy IPO ever, touts technology that combines old-school geothermal science with modern oil-drilling and fracking techniques to develop reservoirs and power plants anywhere the customers want—as opposed to traditional geothermal power, dating back over 100 years, which relies on naturally occurring reservoirs.

Fervo focuses on enhanced geothermal systems (EGS, not to be confused with ESG), designed to address the scalability limitations of traditional geothermal with the modern drilling approach.

“This is a gamechanger for the geothermal industry,” said Fervo co-founder and Tim Latimer in a statement Thursday. “It establishes EGS as the defining new power generation technology of our time, and we believe it shows that the commercial and technical maturity of EGS is ready to meet the urgent need for reliable, clean power.”

“We are just getting started,” he added.

The startup of Cape Station in Beaver County, Utah represents the first time a utility-scale, EGS development has reached the first power milestone anywhere in the world. Southern California Edison is the primary customer. Cape Station follows Fervo’s initial pilot, Project Red, which went online in 2023.

Fervo went public in May with an upsized IPO and a market cap that quickly ballooned above $10 billion. But its Wall Street momentum slowed in the months that followed and its market cap plunged to about $5 billion. The company is hoping to trigger an upward trajectory again with the Cape Station startup.

The first phase pf Cape Station is a 100-megawatt project—enough to power about 70,000 homes—comprised of three, 33-megawatt “GeoBlocks.” The first GeoBlock just came online. Fervo said it will continue ramping up the first phase through the end of this year. The next phase, an additional 400 megawatts, is under construction with an expected completion in 2028. A third phase would add another 400 megawatts, growing Cape Station to a 900-megawatt complex.

 Scaling next-gen geothermal power up to become economically competitive is the next major challenge.

Cape Station entails drilling wells 10,000 feet deep—about 2 miles—and then directionally drilling horizontally another 7,500 feet to create adequately sized reservoirs, and fracking (hydraulic fracturing) the rock to release the flows of water naturally heated to more than 400 degrees. Utah—and much of the western U.S.—is geographically ideal because the necessary heat levels are accessible at shallower depths than most of the country.

Named from the Latin word meaning “to boil,” Fervo’s technology utilizes water heated underground to generate steam for electricity-producing turbines, then pumps the cooled water back into the subsurface to be reheated and recycled.

“Cape Station works because we treated the subsurface like an engineering challenge,” said Jack Norbeck, Fervo co-founder and chief technology officer. “Years of drilling, completion design, subsurface modeling, and flow testing led to this moment, and this is the validation that matters most. First power is proof the science works.”

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OpenAI’s issues with rogue AI agents are more extensive than the company has previously acknowledged—and may be ongoing. That is the conclusion of a new report from an independent research firm.

The new revelations emerged on the same day the Australian government said OpenAI’s rogue AI agents had hacked an agency that held the country’s Medicare data, accessing non-public information and gaining the ability to write to file servers. That attack occurred in June, but the Australian government said OpenAI only told it about what happened on September 10.

The latest findings come from Transluce, which says it is an independent non-profit research lab focused on AI oversight. It said in a report published Wednesday that it discovered OpenAI agents attacking additional Australian government websites, including its Institute of Health and Welfare as well as BOSCAR, which is the crime statistics body for the Australian state of New South Wales. In addition, it discovered at least two previously unreported incidents of OpenAI’s agents attacking a company and a university.

Transluce also said it found evidence of similar activity stretching back at least until March, months earlier than OpenAI has said there was any evidence of its AI agents behaving in unauthorized ways, and continuing up until at least September 16 and possibly as recently as September 20. That would be significant because it would suggest OpenAI has not yet managed to contain its rogue AI agents and that they are continuing to cause havoc across the internet.

The most recent activity seemed to involve attempts to hack into a crypto currency exchange and trade crypto currency, although the attempts were unsuccessful, Transluce said.

OpenAI did not immediately respond to requests to comment on the Transluce report. The company said Wednesday it was in touch with Australia about its AI agents attacking the site that held Medicare data and that its agents had taken actions that it didn’t intend.

Transluce said that in addition to the attack on the Australian Institute of Health and Welfare, OpenAI’s agents also attacked Data USA, a free open-source data platform that pools U.S. government data from different sources, and the University of New Mexico’s digital library. It said it was able to directly connect the attack on the Australian health agency and Data USA to the same OpenAI AI agent swarm that was involved in the July cyberattack against AI platform Hugging Face. 

The new report raises concerns about whether OpenAI has been fully transparent in disclosing all the rogue AI incidents about which it is aware. It also raises the possibility that OpenAI is not itself aware of how extensive this rogue agent activity has been.

Transluce found “strong evidence” that OpenAI’s AI agents may have been attempting to hack websites as far back as March. It said there was weaker evidence that the activity might have begun as far back as November 2025. OpenAI has said it had not found evidence of precursors to the Hugging Face attack as far back as May 8, but has not disclosed any earlier suspicious activity.

Ongoing concerns

The report also suggests that OpenAI may be continuing to experience rogue AI agent activity. After OpenAI discovered on July 20 that its AI agents had hacked Hugging Face over the course of the previous week, the company said it disabled the unreleased AI model involved, paused key aspects of its AI training for two weeks, and took steps to impose stricter controls on and monitoring of the unreleased AI models it is training. OpenAI announced these stricter controls on August 18. But Transluce found some evidence of similar activity continuing into mid-September, despite the new controls.

In addition, the Transluce researchers said the findings were significant because they show the AI agents resorted to hacking attempts when they were unable to retrieve information they were seeking directly from information found on the public web pages of these organizations. “Notably, the tasks these agents were trying to solve were not cyber-related; the agents resorted to hacking tactics while working on ordinary data retrieval tasks,” it said.

That is important because one explanation for the Hugging Face attack is that the AI agents involved in that incident were being evaluated on their ability to conduct cyber tasks, including simulated vulnerability exploits. If the agents readily resort to hacking into systems in other contexts, that would suggest that the AI models involved are even more dangerous than previously believed.

OpenAI has said that two models were involved in the Hugging Face attack—an unreleased model that it has not publicly-named was primarily responsible, although some AI agents based on its GPT-5.6 Sol model, which has been released to the public, was also involved. In the evaluation during which the Hugging Face attack took place, OpenAI has said, guardrails that it normally uses to restrict the ability of its publicly-released models from engaging in cyber attacks were not in place because of the nature of the assessment. 

Charlie Eriksen, a security researcher at Aikido Security, told Fortune the latest Transluce report shows “that there is still unauthorized and unmonitored agent swarms going around, that the labs and testing partners are not in control of, nor actively detecting.” He noted it was “a reall bad look” for OpenAI CEO Sam Altman to be addressing the United Nations Security Council on AI risks, and spending part of that time saying how seriously OpenAI takes those dangers, at the same time it either didn’t know about or didn’t disclose these additional incidents involving its AI agents trying to break into systems.

“What worries me is how badly this could escalate,” George Chalhoub, professor at the University College London Interaction Centre, which focuses on human-computer interaction, said. “My concern is that within the next 6 to 12 months, swarms of autonomous AI agents could form persistent botnets capable of taking down large parts of the internet, potentially causing hundreds of billions of dollars in economic damage.”

This story was originally featured on Fortune.com

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Welcome to Eye on AI. Beatrice Nolan here. In today’s issue:

Another day, another billion-dollar IPO.

This time it’s Nscale, the Nvidia-backed “neocloud” that filed for a New York listing last week at a valuation of up to $35 billion, according to the Financial Times.

Nscale is a two-year-old neocloud—a type of company that builds or finances AI-ready data centers and rents out the computing power. It’s headquartered in London and run by founder and CEO Josh Payne. It was spun out of the Australian crypto miner Arkon Energy in 2024. It has since recruited a board that includes former Meta COO Sheryl Sandberg, former U.K. deputy prime minister Nick Clegg, and former Yahoo president Susan Decker.

Per the S-1, the company posted a net loss of $1.02 billion in the six months to June 30, 2026—and at one point, its own management flagged “substantial doubt” about its ability to continue as a going concern.

When I profiled the company back in June, there were already serious questions about the company’s losses running wildly ahead of its revenues. The new filings show the extent of them.

Despite those losses, Nscale is asking Wall Street to value it at as much as $35 billion on the promise that $103 billion in contracts, much of them not yet firm, will turn into revenue on schedule.

Also front and center in the S-1 are the company’s deep links to Nvidia. Nvidia is Nscale’s biggest supplier, one of its investors, and—depending on how the IPO prices—soon to be one of its largest shareholders. On September 15, Nscale signed a subscription agreement for a $3.1 billion financing round, of which Nvidia itself is taking $1 billion in convertible notes or non-voting shares.

Previous filings from Nscale’s own U.K. company accounts in October 2025 showed that Nvidia bought warrants for over 157,945 Nscale shares for $60 million—and in exchange, agreed to guarantee up to $860.3 million of Nscale’s lease obligations at a facility in Ward County, Texas.

In a way, Nvidia has been pretty open about the fact that it’s propping up companies like Nscale. Back in April, Nvidia CEO Jensen Huang said this, referencing both Nscale and CoreWeave, another neocloud company:

“If we didn’t support CoreWeave to exist, these neoclouds, these AI clouds, wouldn’t exist…If we didn’t support Nscale, they wouldn’t be where they are today.“

But the extent of Nscale’s reliance on Nvidia raises questions we’ve seen before about circular financing. The chipmaker is providing funding—in the form of investment, loans, or loan guarantees—to customers who are turning around and sending money back to it in the form of GPU purchases. In some cases, Nvidia is also investing in the AI companies that are buying data center capacity from the neoclouds. In that case, it’s all Nvidia’s money just passing from one place to another. The rest of us are left trying to work out how much of the AI boom’s growth is real demand versus one company’s balance sheet talking to itself.

Coreweave may foreshadow Nscale’s IPO fate

CoreWeave is probably our best point of reference for how this IPO may go. Similarly, CoreWeave posted an $863 million net loss in 2024—the last full year before its March 2025 IPO, as disclosed in its own S-1. The company also disclosed in that same filing that two customers—Microsoft and a second buyer widely reported to be Nvidia itself—made up 77% of its revenue.

Still, despite a shaky debut—CoreWeave priced below its range and closed flat on day one—the stock went on a huge run, more than doubling within months.

While we’ll have to wait and see how this listing goes for Nscale, there is a question about whether the market is still in the same place as when CoreWeave went live in March 2025.

Earlier this month, a warning from Anthropic’s Dario Amodei about the pace of AI development—echoed by Sam Altman and Elon Musk—helped wipe close to 6% off the semiconductor index in a single session, alongside a spike in Treasury yields that made investors less patient with unprofitable growth stories generally.

Community and political pushback against data centers has intensified globally, with some politicians proposing various bans on the rapid build-out Nscale is relying on. There is also a question of how many loss-making, billionaire-dollar companies the market is going to tolerate. Nscale is also getting ahead of companies like Anthropic and OpenAI in the IPO queue.

Going first may mean Nscale helps to test the waters for later listings by the frontier AI companies. If the neocloud prices well, it sets a valuation benchmark and a tailwind for the much bigger listings expected from Anthropic later this year and OpenAI sometime in early 2027. If Nscale stumbles, it’s a much cheaper way for Wall Street to find out where the AI infrastructure story breaks than waiting for a trillion-dollar name to test it first.

With that, here’s more AI news.

Beatrice Nolan
beatrice.nolan@fortune.com
@beafreyanolan

Before we get to the news: One question we here at Fortune keep returning to as agentic AI accelerates: which companies are finding ways to successfully deploy AI agents at scale and in ways that provide significant business value? And which are just playing around with pilots?

On October 6, from 11:00 AM–12:00 PM ET, Fortune AI editor Jeremy Kahn will explore that question with AI and technology leaders from AXA, Mistral AI, Mastercard, and Accenture during Fortune’s virtual Brainstorm AI session,The Agentic Era: Are Enterprises Keeping Up? We’ll look past the demos to discuss the operational realities of data, security, governance, human oversight, and ROI. Join us for the conversation.

This story was originally featured on Fortune.com

This post was originally published here. 

Wayne Rooney, the former English soccer star, revealed that his maternal grandmother was a Polish Jew during a family visit to Auschwitz.

Speaking in his Disney+ documentary, The Real Rooneys, Rooney explained that he “recently found out my mum’s mum, my nan, her family was Polish Jews.”

“Technically, if that’s true, you’re actually Jewish,” a producer called from off camera. Judaism is passed down maternally, and given Rooney’s heritage comes from his “mum’s mum,” the former soccer player is considered Jewish by Halacha (Jewish law).

“I’m Catholic, but I’ve always asked questions like, ‘Why aren’t we Jewish?’” Rooney responded.

He explained that his mother told him that his great-grandmother had fled Poland for Liverpool, adding that they thought her original surname was Greenburg.

The Rooneys visit Auschwitz at their 10-year-old’s request

The announcement came during a family trip to Poland, where the family aimed to learn more about World War II for their son’s school project. 

“Kit really wanted to go,” Rooney’s wife, Coleen, told the Guardian when asked whose idea the trip had been.

Rooney added, “It’s really important to learn about history, good and bad. Sometimes with your kids, you only want to tell them the good stuff, and I don’t think that’s good for them.”  

“I’ve watched a lot of documentaries on it, and you just wouldn’t think human beings could do that to other human beings. It’s crazy,” he told his taxi driver on the way to the concentration camp.

Although his sons hadn’t been to Auschwitz before, Rooney himself had visited with his England teammates during the 2012 Euros, which were held in Poland and Ukraine.

Jewish organizations respond to Rooney’s announcement

Rooney could usurp Nick Blackman, the Blackburn Rovers player who is officially recognized as the first English-born Jewish player in the UK’s Premier League.

Blackman debuted in 2009 while Rooney, who has subsequently discovered his Jewish heritage, debuted for Everton in 2002.

Blackman played for Israel’s Maccabi Tel Aviv towards the twilight of his career.

However, Campaign Against Antisemitism (CAA), a UK-based charity dedicated to exposing and countering anti-Jewish hate, felt that Rooney’s newfound history had bigger implications. In a statement on X/Twitter, CAA commented that “this news is a reminder that the idea that Jewish people are not sporty is a myth laced with antisemitic tropes about Jewish physical weakness.”

“In fact, before the Second World War, Jewish people were at the pinnacle of European sport across a range of disciplines, including football,” it added.

“It is taking time to rebuild that culture from the ashes of the Holocaust, and educate about how Jewish people and people with Jewish heritage have contributed, and continue to contribute to the world of sport.”

This post was originally published on here. 

IDF Chief of Staff Lt.-Gen. Eyal Zamir on Thursday called the arrival of Israel’s sixth submarine, the INS Drakon, a major step in strengthening the IDF’s capabilities during a ceremony at Haifa’s naval base.

“Even these days, our eyes are open toward what is happening in Iran and among its proxies. The Iranian regime is hurt and wounded, but has not learned to change its intentions,” Zamir said at the ceremony.

“With the integration of the INS Drakon into the Navy, the Navy reaches improved maritime readiness and new heights in its capabilities and operational strength: more covert, farther-reaching, deeper and more lethal.”

Zamir added that Israel’s recent military achievements were “unprecedented,” citing operations against senior figures, strengthened defensive readiness, improved deterrence and expanded operational capabilities.

Herzog: ‘INS Drakon’ is a new chapter for Israel’s Navy

President Isaac Herzog said the vessel represented a glimpse into the future of the Navy, and added that the submarine fleet would expand Israel’s operational capabilities.

“Today, as we receive the INS Drakon into the ranks of the Navy, we look for a moment into the future,” Herzog said.

“The Drakon submarine joining the Navy today, like the additional submarines that will arrive after it, together reflect the bright future of the Navy. A future that means innovation, a future that means broader operational capabilities, a future that means immense power available to the State of Israel, more than ever before.

“Power that we will be able to use, and will not hesitate to use when necessary, even thousands of kilometers from Israel’s borders.”

Herzog said that in recent years, the Navy sailors and many others involved in the project had worked at the Kiel naval base in Germany.

“Over the past two years, Israeli Navy soldiers and many others connected to this enormous project worked at the Kiel port on German soil. Another almost unimaginable symbol,” he said.

“Eighty-one years since the terrible Holocaust, the nation-state of the Jewish people is building together with Germany the crown jewel of global defense engineering. At the same time, the State of Israel is not only importing security equipment from Germany, but is also exporting advanced defense systems to it, thereby contributing to the defense of all of Europe.”

Herzog thanked Zamir, Defense Minister Israel Katz, Ministry of Defense Director General Maj.-Gen. (res.) Amir Baram, Navy commanders and soldiers, and representatives of the German government and Thyssenkrupp for their roles in bringing the submarine into service.

Addressing the submarine crews, Herzog praised their work and said the arrival of the Drakon marked a new chapter in Israel’s naval capabilities.

“Above all, I want to thank you, the submarine fighters under the command of Cmdr. O. Two years of training and long weeks at sea have brought you here as heralds of a new chapter in Israel’s maritime strength,” he said.

“We hold in our hearts, with appreciation and pride, the memory of the 69 members of the Dakar crew, and send a comforting embrace to their families.”

He told the Drakon’s crew that the human element remained the decisive factor despite the submarine’s advanced technology.

“Today, when the Drakon submarine is entrusted to you, the fighters of the submarine flotilla, among the finest sons and daughters of Israeli society in all its diversity, we remember one clear principle: the person determines. The person operating the machine, whether it is the most advanced and expensive machine, is the one who will always bring victory and the ability to complete the mission in full,” Herzog said.

Herzog also referred to the legacy of the INS Dakar submarine, which disappeared in 1968 and whose crew of 69 sailors were lost.

“Even at this ceremony, especially at this ceremony, we remember well the painful journey of the Dakar submarine, whose name not only serves as inspiration for the Drakon submarine, but also represents the immense courage and strength of spirit that characterized its crew,” Herzog said.

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The Israeli author and poet Yehuda Atlas died on Thursday at the age of 89, Sourasky Medical Center’s Ichilov Hospital in Tel Aviv announced.

“Yehuda was an eternal child until his last moments. In his life, he acted and worked for people out of emotion and a desire to help. He was an editor, children’s writer, and translator, and in his last years he wrote about children at risk out of a sense of mission. May his memory be blessed,” read the statement.

Atlas, one of the most recognizable and beloved authors in Hebrew children’s literature, left behind a work that became an integral part of the childhood of several generations in Israel.

His most recognizable book, And This Child Is Me (Vehayeled Haze Hu Any), was published in 1977 and introduced readers the a child’s world in simple, direct, everyday language as he grapples with parents, friends, shame, love, jealousy, and frustration.

In an interview with Walla Culture, Atlas revealed the principles of his writing: “I write briefly, simply, understandably, and to tell the truth.”

An inflation in children’s books

In the same interview, Atlas said that he believed there was an “inflation” in children’s books, criticizing books that he described as trying to be too educational or therapeutic.

“Everything in our lives is a long process, and by the time you get close to describing the problem, you’re at the end of the book,” he said.

This is a developing story.

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Canada’s push to expand its economic relationships around the world should not be mistaken for a retreat from the U.S., a leading Canadian business voice told FOX Business, warning that continued uncertainty over North American trade risks creating a “capital chill” that could weigh on investment.

Goldy Hyder, president and CEO of the Business Council of Canada, said Canadian companies continue to view the U.S. as their most important market even as Prime Minister Mark Carney’s government accelerates efforts to attract investment and expand trade with Europe and other markets.

“Even a kid with a lemonade stand would know, it’s not good for business to just have one customer,” Hyder said, describing Canada’s approach as a “U.S. Plus” strategy.

“The United States is and will be our most important trading partner,” he added.

The push comes amid a sharp deterioration in the trading relationship between the longtime allies. Nearly 68% of Canadian exports have gone to the U.S. this year, with roughly 80% of those shipments moving duty-free under exemptions provided by the U.S.-Mexico-Canada Agreement, according to Canadian and U.S. government data cited by Reuters.

WHAT ARE THE MAIN STICKING POINTS IN THE TRUMP ADMIN’S TRADE NEGOTIATIONS WITH CANADA, MEXICO?

Washington and Ottawa have exchanged new trade restrictions in recent weeks after negotiations broke down, adding uncertainty over the future of USMCA. The agreement remains in force, although the U.S. declined to renew it in its current form during a July review and has continued negotiations with its North American partners.

“Business does not welcome uncertainty, it shuns uncertainty, and there’s too much of that,” Hyder said.

EU OPENS DOOR TO UNPRECEDENTED ‘ASSOCIATE MEMBER’ STATUS FOR CANADA AMID US TRADE SPAT

“The key here is the uncertainty can create capital chill, it will create hesitancy because we just can’t be sure the environment in which we’re dealing.”

That concern is shared by the U.S. Chamber of Commerce, which is urging all three governments to quickly resolve the issue.

“For businesses and investors, it is essential to restore certainty to a North American economic partnership on which 13 million U.S. jobs depend,” Neil Herrington, the Chamber’s senior vice president for the Americas, told FOX Business.

Herrington said the Chamber wants the process concluded in a way that eliminates tariffs and broader trade restrictions while ensuring the relationship “remains trilateral.”

Carney, meanwhile, is attempting to position Canada as a more diversified destination for global capital. His government has set a goal of helping catalyze 1 trillion Canadian dollars in investment over five years, with a focus on sectors including energy, mining, technology and infrastructure.

Canada has also pursued deeper ties with Europe. The EU is Canada’s second-largest trading partner after the U.S., accounting for $178 billion in total trade last year, Global Affairs Canada spokesperson Renelle Arsenault told FOX Business.

Arsenault said Ottawa remains committed to a “fair and stable economic relationship” with the U.S. while simultaneously diversifying its trade and investment relationships.

Hyder similarly cautioned against interpreting Canada’s outreach abroad as an alternative to North American economic integration.

“I don’t believe there’s any scenario in which we seek to have more regulatory and/or tax or other types of integration with Europe because it’s nowhere near as competitive as we are, and certainly you are in terms of what we have going when it comes to the USMCA,” he said.

“That is the foundational trade architecture under which we operate.”

Hyder also dismissed concerns that Washington’s separate negotiations with Canada and Mexico signal that the three-country framework is fragmenting.

“All roads point to a merger. All roads point to this coming together trilaterally,” Hyder said, adding that businesses are seeking a “timely, trilateral, tariff-exempt” review and renewal of the USMCA.

Global Affairs Canada likewise said all three countries “would benefit from restoring greater certainty” to the North American free-trade arrangement.

Looking beyond the current dispute, Hyder pointed to energy, nuclear power, food security and critical minerals as areas where the three countries could deepen cooperation and strengthen North American supply chains.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“It shouldn’t be… America at the expense of Mexico and Canada,” Hyder said. “It should be America, Mexico and Canada thinking as North Americans that we can work together to compete with the rest of the world.”

Reuters contributed to this report. 

This post was originally published here

When Prime Minister Benjamin Netanyahu addresses the United Nations General Assembly, perhaps for the last time as Israel’s prime minister, he will be standing in a house he was taught, 42 years ago, to see two ways.

Israelis vote on October 27, and current polls leave his bloc short of a majority. The audience he first courted there in 1984 may therefore be about to hear a valedictory from a man constitutionally incapable of delivering one.

When Netanyahu arrived in New York as Israel’s ambassador, he received two descriptions of the institution that would become his great international stage.

The Lubavitcher Rebbe, Netanyahu later recalled, told him he would be serving in a “house of many lies,” but that even in darkness a single candle could be seen.

A veteran Latin American diplomat offered another: “The house of immortal life.” At the UN, he explained, no resolution ever truly died.

Netanyahu would spend four decades making a politics out of both.

He cast himself as the man who saw through lies others missed, then turned that claim into an argument that Israel could not afford to do without him. 

In a 1988 interview, he described the method: establish “irrefutable facts,” couple them with “powerful arguments,” use rhetoric, and score “visible victories.” Begin with what is true, cast uncertainty in its most threatening form, and turn danger into an argument for his own necessity.

The pitch came with props: a PLO calendar in 1986, a cartoon bomb and red marker in 2012, 44 seconds of silence in 2015. In 2024, he held up placards labeled “The Blessing” and “The Curse” and closed with Deuteronomy: “Be strong and of good courage.” 

But the chapter is also about succession. Moses prepares Israel for Joshua; authority passes, and the people continue without him.

Succession was the political problem this politics could not solve. Under Netanyahu, Likud produced no heir. Rivals were diminished, sent abroad, or denied authority; loyalty became safer than stature. 

From 2019 to 2022, five elections revolved around a man his party could not replace. His case rested on singularity: only he understood America, only he understood Iran, only he could be trusted with the danger.

Political survival stopped being a talent and became a theory of government.

Even defeat proved temporary. He lost power in 1999 and returned a decade later; lost it again in 2021 and was back 18 months later. Defeat became an intermission.

The October 7 massacre shattered Netanyahu’s central promise: only he could keep Israelis safe. 

A real danger

Since 2009, his governments had treated Hamas as containable, allowed Qatari money to help sustain its rule in Gaza, and found Hamas’s rivalry with the Palestinian Authority strategically useful. 

The Shin Bet (Israel Security Agency) later identified the “policy of quiet” and Qatari money among the reasons for Hamas’s military build-up. Netanyahu neither resigned nor accepted responsibility.

The disaster should have destroyed the argument for his indispensability. Instead, its scale became another reason he could not leave.

War supplied the postponement. National Security Minister Itamar Ben-Gvir left the government over the January 2025 ceasefire and returned when fighting resumed. 

Netanyahu resisted a state commission of inquiry into October 7; his criminal trial was repeatedly interrupted by security emergencies. 

Motive is beside the point. Emergency made accountability itself appear irresponsible: resignation premature, inquiry untimely, elections dangerous.

The crisis did not pass.

Iran was the danger Netanyahu returned to most insistently at the UN, the supreme test of his claim to indispensability. Israeli and American strikes badly damaged the nuclear program. 

But the campaign widened into a regional war with no plausible end in sight, spreading across the Gulf and into the Red Sea while leaving the nuclear question unresolved. 

Iran has been weakened, but at the price of a conflict whose political end-state no one has yet been able to define.

The catastrophe of October 7 became a reason Netanyahu could not leave in wartime; military gains against Iran became proof that only he could deliver them. 

When opposite outcomes produce the same conclusion, the claim can no longer be tested against events. It has become a rationale for his continued rule.

The argument now hangs over Tel Aviv. A Likud billboard places New York’s mayor, Zohran Mamdani, beside Iran’s supreme leader, Turkey’s president, and Hezbollah’s chief. 

“They want Netanyahu to lose,” it says. “Don’t let them win.” Their hostility becomes his qualification for office.

At home, Netanyahu remains on trial for corruption. Abroad, an International Criminal Court warrant seeks his arrest for alleged war crimes and crimes against humanity, which he denies. Washington will not execute it; New York is safe. 

Elsewhere, his map has narrowed. For a politician famous for bringing maps to the General Assembly, international law has become an itinerary.

Last September, representatives from dozens of countries walked out as Netanyahu approached the microphone. He spoke to rows of empty chairs. An adversarial audience still grants a speaker the dignity of an adversary.

Even contempt is a form of attention. An empty chair is not.

He will not call this a farewell. Finality is the one verdict Netanyahu has never accepted. Indictment becomes persecution; isolation, vindication; catastrophe, another mandate to stay. 

The two descriptions have converged. In the house of lies, every judgment against him can be dismissed as false. In the house of immortal life, every verdict can be treated as temporary.

Much of his audience has already walked out. Netanyahu’s last confidence trick is to persuade enough Israelis that they cannot afford to.

The dangers are real. The lie is that they require Netanyahu.

The writer is a senior fellow for Mitvim: The Israeli Institute for Regional Foreign Policies.

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Several civilians crossed into the barrier separating the Gaza Strip from Israel on Thursday, the IDF said.

The civilians were then stopped by the military and returned to Israel, with no one managing to cross into Gaza itself, the IDF added. 

“The area adjacent to the barrier is designated as a closed military zone; entry is strictly prohibited,” the IDF emphasized in its statement.

The military didn’t comment on why the civilians attempted to enter Gaza or whether they belonged to a particular movement, with the latest civilian attempts to cross into the area being led primarily by far-right groups demanding the Israeli re-settlement of Gaza.

Far-right Nahala group agrees to stop march at Gaza border

Back in July, the Nahala movement organized a march to Gaza that ended inside the Israeli border, after an agreement was reached between organizers and the IDF.

According to a report by Walla, approximately 10,000 people participated in the march, which started at the Zikim beach and ended with a lookout over the settlement of Elei Sinai and the northern border of the Gaza Strip.

In a statement announcing the march, the group said it would call for “the immediate establishment of the settlements of Nissanit, Dugit and Elei Sinai.”

“We call on the public to continue to come in droves and take part in this historic process,” the movement said. “With God’s help, we will soon be able to establish the first settlements in the Gaza Strip – the heavens are marking the border!”

In February, a similar march (which ended with a border crossing) was led by deputy Speaker of the Knesset, MK Limor Son Har-Melech, together with dozens of activists from the movement.

According to the IDF, the activists were apprehended and returned to Israeli territory, where they were transferred to the police.

Lara Sukster contributed to this report.

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OpenAI tried to hack into government or university websites four other times without being prompted, in addition to the Australian government data breach, The New York Times reported on Wednesday.

Australia said on Wednesday that an OpenAI agent breached a government health data portal in June, gaining unauthorized access to files, in what could be the first known instance of an AI agent hacking a government website.

Australian Prime Minister Anthony Albanese said the OpenAI agent gained unauthorized access to the medical statistics portal of a government agency responsible for non-sensitive health data and statistics, including public medical spending.

The New York Times reported that OpenAI hacked into university and government websites in May and June of this year. Researchers said that the AI was prompted to do mundane data collection, but struggled to get the information it needed and instead hacked into websites.

This differs from the Hugging Face attack in July, when OpenAI systems were told to run a series of cybersecurity tests to demonstrate their hacking abilities. NYT reported that research lab Transluce identified three other incidents in which artificial intelligence went rogue.

In the first instance, OpenAI systems tried to hack into the University of New Mexico’s digital library on May 25 and 26, the NYT reported. The attempt was unsuccessful.

In the next instance, OpenAI tried to hack Data USA, a public repository of American educational and employment data, on May 28. The attempt was also unsuccessful.

The NYT reported that the Australian government website hack was on June 18. Albanese announced the incident on Wednesday.

The Australian prime minister claimed that OpenAI did not disclose the incident until September 10.

The fourth incident was an attack on the Australian Institute of Health and Welfare website on June 20 and 21. OpenAI did not obtain any private information, the NYT reported, citing Australian officials.

These OpenAI incidents follow a surge of similar cases in which other AI models, such as Meta, Anthropic, and Google, hacked into systems without human knowledge.

The incidents come amid a debate over whether AI companies must slow the pace of their models’ advancement.

Conrad Stosz, the head of governance at Transluce, told the NYT that the incidents “add further evidence to the idea that agents need to be dealt with carefully.”

He added that the Australian hacks were “the first instance of an agent autonomously choosing to hack into a government.”

An OpenAI spokesperson told the NYT that it was in contact with the Australian government and had reached out to the University of New Mexico and DataUSA.

“In our broader review, we’re continuing to prioritize the most serious incidents while expanding our work to lower-severity activity, including agents spamming websites.”

The incident comes after OpenAI and Anthropic, in separate submissions to a parliamentary inquiry this month, urged Australia to reconsider a ban on the use of the country’s creative content to train their models.

Web data procured by Transluce suggests that OpenAI agents have been trying to hack websites as early as March and as late as last week, the NYT reported. Transluce researchers told the NYT that in the reported incidents, the agents appear to be involved in data retrieval training.

This post was originally published on here. 

The British government on Thursday said it was providing an £88 million ($116.25 million) package of support for humanitarian relief and early recovery in Gaza.

The funding would help deliver health care, clean water, sanitation and hygiene services, waste management and protection support to people in Gaza and the West Bank, the UK Foreign, Commonwealth & Development Office (FCDO) said in a statement.

This is a developing story.

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New York City is giving away 70,000 tickets to the Metropolitan Opera, making performances more accessible to those who might not otherwise be able to afford them. Mayor Zohran Mamdani on Thursday announced “Opera for All,” a partnership with the Met that will release 10,000 free tickets each month during the 2026-27 season. New Yorkers who have never purchased a Met Opera ticket can enter the monthly ticket lotteries through the Met’s app or the city’s website.

The 70,000 tickets account for roughly 10 percent of all tickets available for the season and will include seats in every section of the house, excluding standing room. The city will introduce other ways for New Yorkers to access tickets in the coming months.

Productions slated for the Met this season include “Macbeth,” “Lincoln in the Bardo,” and “La Bohème.” The opera house plans to continue “Opera for All” in future seasons.

The partnership builds on the Mamdani administration’s broader efforts to expand access to cultural and entertainment experiences that may be out of reach for some New Yorkers. These efforts include free tickets to major sporting events, such as the FIFA World Cup this summer, as well as 1,000 discounted tickets to the U.S. Open.

Earlier this summer, the mayor also announced a partnership with the Theater Development Fund to provide thousands of free and low-cost Broadway and Off-Broadway tickets to high school students, as well as free memberships to more than 20 cultural institutions across the five boroughs.

In a video announcing the partnership, Mamdani also cited Mayor Fiorello La Guardia as an inspiration, pointing to the former mayor’s establishment of New York City Center in 1943, which he called “The People’s Opera” and where tickets cost between 75 cents and $2.

“Opera is one of the greatest art forms we have, and there is no better place to experience it than the Metropolitan Opera House,” Mamdani said. “But art should not be reserved for those who can afford it.”

“Every New Yorker should have the opportunity to sit in these seats, hear these voices and experience this stage, no matter what’s in their bank account,” he added. “From the rise of opera buffa in the 18th century to Mayor Fiorello La Guardia’s “people’s opera” in the 1940s, this art form was meant to be seen by everyone.”

The city is helping distribute tickets this season, promoting the lottery through the Department of Social Services, the New York City Housing Authority, public schools, the city’s three public library systems, CUNY, the Department for the Aging, and the Situation Project.

To qualify for a ticket, you must be an NYC resident with a valid ID, have not previously purchased a ticket to the Met, and have the Met Opera app downloaded on your phone. The app will verify residency and ticket history.

“Throughout its storied history, the Met has culturally enriched New York,” Peter Gelb, general manager of the Met, said. “With this new initiative, we hope to further demonstrate that the Met is a vital part of life in the city.”

RELATED:

The post NYC is giving away 70,000 Met Opera tickets to New Yorkers first appeared on 6sqft.

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The Energy Department is set to announce it will spend almost $2 billion to try to squeeze more electricity out of the nation’s aging and stressed power grid, as President Donald Trump’s administration steps up efforts to avoid blackouts amid skyrocketing energy demand spurred by artificial intelligence.

The money will go toward 31 projects across 26 states that are expected to produce more than 23 gigawatts of additional electricity capacity — enough to power 16 million homes. The projects will use new technologies such as sensors and other devices to measure real-time weather conditions to ensure safe transmission or direct power away from congested or overloaded paths, the department said.

The upgrades could improve power reliability and lower electricity costs for about 100 million Americans, officials said.

“These investments will get more out of the infrastructure we already have, move more electricity across the grid, and help deliver affordable, reliable and secure power that will fuel American prosperity for decades to come,” Energy Secretary Chris Wright said in a statement.

Wright was set to announce the grant program Thursday in Allentown, Pennsylvania. The Associated Press obtained program details before its public release.

The announcement comes amid warnings that AI’s voracious demand for power is threatening to overwhelm U.S. power supplies, as massive new data centers come online faster than new power plants can be built. It also comes as electricity bills rise faster than inflation in many parts of the U.S., blamed in some areas on demand from data centers.

The snowballing opposition to data centers in communities across the country has thrown a wrench into the plans of the world’s richest companies and transformed the midterm election landscape.

Trump continues to stick up for data centers, even as politicians from both major political parties criticize them and many communities try to block them. Trump, a Republican, said last month that U.S. communities that don’t have data centers will “end up being backwards and poor.”

In the meantime, Congress and some states are trying to push regulators to require utilities to use technology and new components to make grids more efficient and better able to serve new customers without additional power sources.

Utilities — which have seen rising profits and share prices during the data center-fueled energy boom — tend to stay away from such efficiencies because they make more money from building new power plants and grid infrastructure projects that are more expensive and take longer to complete, utility critics say.

Projects being announced Thursday will involve component enhancements on more than 1,500 miles (2,400 kilometers) of transmission lines and technological enhancements across nearly 21,000 miles (34,000 kilometers), the department said.

Projects were prioritized based on those that can be put into operation quickly, officials said. Money for the grants comes from the bipartisan infrastructure law enacted by Congress under then-President Joe Biden, a Democrat. The government’s $1.9 billion in funding will be matched by $3.35 billion in cost-share funding from the recipients, the Energy Department said.

Trump has vowed to “unleash” the nation’s energy sector in his second term, aiming to drive up record-setting domestic oil and gas production, strip away pollution restrictions on power plants and keep expensive coal-fired power plants operating past their retirement dates.

His administration has pushed to help tech giants build and connect data centers to power plants and high-voltage power lines and convert Cold War-era uranium enrichment plants into data center and power plant complexes.

Trump’s Environmental Protection Agency this summer issued a plan that would make it harder for the public to learn about and comment on proposed AI data centers.

This story was originally featured on Fortune.com

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With a valuation of $190 billion, Databricks is now one of Silicon Valley’s biggest—and fastest-growing—software companies. But according to CEO Ali Ghodsi, one key to scaling the company hasn’t been getting his top talent into more meetings—it’s making sure they aren’t stuck in conference rooms all day.

“I try to compress the calendar,” Ghodsi said on a recent episode of the Long Strange Trip podcast.  “What I mean by that is I try to put nothing on the calendar. It ends up being packed anyway, but there are many blocks that are free where I can go back to this main thing.”

At 8 a.m. every Monday, Wednesday, and Friday, Ghodsi said he and his team meet to identify that “main thing”—essentially, the biggest bottleneck facing the company and how they can work together to solve it.

“I want to unblock that big thing that I think is the thing that’s going to get us 10x,” he said.

Other than that, Ghodsi said he wants to avoid other meetings being put on his calendar. A day with back-to-back meetings isn’t just exhausting—it can mean losing control of his own schedule.

“I think if I do the 8 a.m. back-to-back-to-back-to-back-to-back-to-5 or 6 p.m., I consider those days I’ve just been a slave to my calendar. I’m just working for my calendar,” he said. Instead of focusing on his own priorities, he’s spending the day working through everyone else’s demands: “Monkeys on my back, right?”

Fortune reached out to Databricks for further comment.

CEOs are pushing back on unnecessary meetings and bad etiquette

In a business environment where companies are constantly being pushed to move faster, it can be tempting to solve every problem with another meeting—and invite a handful of stakeholders. 

However, meetings can quickly become distractions themselves, filling up with small talk, veering off topic, or getting bogged down in corporate jargon. In fact, a 2024 survey by software giant Atlassian found that nearly three out of four meetings are ineffective at disseminating information. And for 77% of respondents, meetings simply create more meetings.

And while Ghodsi leads a relatively young company, CEOs at more established businesses have echoed his concerns that calendars packed with meetings can get in the way of actually getting work done.

Southwest Airlines CEO Bob Jordan warned last year that leaders can easily mistake being busy for being effective.

“When you first start, it’s easy to confuse busyness and going to meetings with leadership,” Jordan said on a panel of CEOs at The New York Times DealBook Summit in December 2025. “…Because what we all find, I’m sure, is there’s no time to ‘work,’ and you confuse going to meetings with the work.”

United Airlines CEO Scott Kirby has taken a more concrete approach to protecting that time: He caps his meetings at four hours a day—and sets strict rules for when a meeting is convened.

“My meetings are also quick, and my meetings are almost all conversational,” Kirby said in a recent interview with Semafor. “I want to talk—really, don’t go through decks. If you want to send a deck, send it to me in advance, and then we’re just going to talk about it. But you’re not going to read slides to me.”

Fewer CEOs have been more blunt about their disdain for meetings than JPMorgan Chase CEO Jamie Dimon, who put his philosophy plainly in his 2024 letter to shareholders: “Kill meetings,” he said.

But that doesn’t mean every meeting is useless. Instead, he expects them to be treated with the same focus brought to any other important work.

“When I go to a meeting, I’ve done the pre-reads, and you get 100% of my attention,” Dimon said at Fortune’s 2025 Most Powerful Women summit.

“None of this nodding off, none of this reading my mail,” Dimon added. “If you have an iPad in front of me and it looks like you’re reading your email or getting notifications, I tell you to close the damn thing. It’s disrespectful.”

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Heidi Overton, the Trump administration’s pick to lead the Food and Drug Administration, appeared before a Senate committee today in a highly anticipated hearing that promises to shed some light on the nominee’s views. 

If confirmed, Overton, at 37, would be the youngest FDA commissioner ever. A preventive medicine physician who worked in both Trump administrations, she would take the helm of an agency that’s weathered a turbulent 18 months of politicized decisions and staff departures, and is still trying to claw back its brain trust after the 2025 reductions-in-force cut its numbers by nearly 20%. 

Overton has drawn scrutiny from lawmakers and industry leaders for her relative lack of managerial experience, and also for her adherence to policies pushed by health secretary Robert F. Kennedy Jr. Her role shaping the administration’s efforts to upend the childhood vaccine schedule has drawn criticism from Sen. Bill Cassidy (R-La.), chairman of the Senate Committee on Health, Education, Labor and Pensions. 

Continue to STAT+ to read the full story…

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WASHINGTON — A key Senate committee on Thursday approved the nomination of top federal health official Chris Klomp to be deputy secretary of health and human services, clearing the way for him to be confirmed by the full Senate.

Klomp is currently senior adviser to HHS Secretary Robert F. Kennedy Jr. He was advanced by the Senate Finance committee in an 15-12 vote. Sen. Sheldon Whitehouse (D-R.I.) joined all Republicans in supporting Klomp.

Read the rest…

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If you’ve been imagining the benefits of townhouse living in the city, but the words “renovation” and “restoration” aren’t on your wish list, this turnkey brownstone at 237 West 120th Street may be just right. Asking $4 million, this thoroughly renovated four-bedroom townhouse with a landscaped rear garden and a second-floor terrace is an opportunity to settle in and enjoy life without a contractor in sight. You won’t have to live with some developer’s idea of high-end: Contemporary style choices and considered design set the tone.

Behind the classic brownstone facade lies a modern volume with high ceilings and four levels of floor-to-ceiling glass, anchored by a staircase of steel and reclaimed oak. Twenty-first-century necessities like central air, Nest thermostats, Lutron shades and lighting, multi-zone sound, smart-home technology, video security, and keyless entry are already in place.

On the parlor floor, a custom Gaggenau kitchen is anchored by an oversized island. Just beyond is a dining area overlooking the garden (with garden access) through a wall of steel-framed glass. Also on this floor are a home office space, pantry, and powder room.

Down on the home’s garden level, you’ll find a bedroom and full bath, perfect for use as a guest room. There’s also a library, media room, and bar. Step out into the landscaped private garden designed by Evan Lai. This multi-level outdoor oasis offers lounge and dining areas and a grill.

The home’s second and third floors hold a luxurious primary suite with access to a private terrace, a family room, a laundry room, a lounge, and additional bedrooms. At the lowest level, a finished cellar offers plenty of storage and recreation space.

Built in 1910, this historic home adds up to 3,910 square feet of living space, without the need to live in the past. The Harlem location is steps from Central Park, Morningside Park, Marcus Garvey Park, and the neighborhood’s bounty of restaurants and cultural destinations.

[Listing details: 237 West 120th Street at CityRealty]

[At The Agency by Jed Lewin]

RELATED: 

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By 10 a.m. Eastern Time today, oil had reached $104.67 per barrel, measured using the Brent benchmark. That’s $2.64 more than it cost yesterday morning and about $36 above its price a year earlier.

Oil price per barrel % Change
Price of oil yesterday $102.03 2.58%
Price of oil 1 month ago $94.42 10.85%
Price of oil 1 year ago $68.94 +51.82%

Will oil prices go up?

Oil prices are inherently unpredictable. While many variables come into play, the basic push and pull of supply and demand is what ultimately matters. In times of heightened concern about recession, war, or other major disruptions, oil can swing suddenly.

How oil prices translate to gas pump prices

Each gallon you pay for at the pump bundles together several costs. Crude oil is one piece, but you also pay for refineries, wholesalers, government taxes, and the price markup set by gas stations.

Because crude oil usually accounts for more than half of the price per gallon, it tends to move the needle the most. Sharp increases in oil almost always show up quickly at the pump. Declines in the price of oil, on the other hand, often translate into slower, more delayed drops in gas prices—the “rockets and feathers” effect.

The role of the U.S. Strategic Petroleum Reserve

When an emergency arises, the U.S. has a reserve of crude oil called the Strategic Petroleum Reserve. Its chief function is to secure energy during disasters like sanctions, severe storm damage, or war. It can also help take the edge off brutal price spikes when supply gets hit.

It’s not a solution for the long haul. It’s more of an immediate safety net to support consumers and keep crucial sectors of the economy running (think key industries, emergency services, public transportation, and the like).

How oil and natural gas prices are linked

Oil and natural gas are two of the main fuels that keep the world running. A big change in oil prices can end up affecting natural gas. As an example, if oil prices increase, some industries may sub natural gas for certain areas of their operations wherever possible. This can increase demand for natural gas.

Historical performance of oil

The oil market typically tracks two benchmarks:

  • Brent crude oil (the main global oil benchmark)
  • West Texas Intermediate (WTI) (the main benchmark of North America)

Between the two, Brent offers a clearer view of global oil performance because it prices much of the world’s traded crude. It’s also often the preferred gauge for tracking historical oil trends. In fact, the U.S. Energy Information Administration now uses Brent as its primary reference in its Annual Energy Outlook.

Looking at the Brent benchmark over multiple decades, you’ll find oil has been anything but stable. It’s seen sharp rises due to factors like wars and supply cuts, along with steep declines tied to global recessions and oversupply (called a “glut”). For example:

  • The early 1970s saw the first major oil shock when the Middle East slashed exports and placed an embargo on the U.S. and others during the Yom Kippur War.
  • Prices fell in the mid-1980s for reasons including lower demand and the entry of more non-OPEC oil producers.
  • Prices jumped again in 2008 with increased global demand, but then plunged alongside the global financial crisis.
  • During the 2020 COVID lockdown, oil demand collapsed like never before—bringing prices below $20 per barrel.

Bottom line, oil’s historical performance has been anything but smooth. It’s hugely affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.

Energy coverage from Fortune

Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:

Frequently asked questions

How is the current price of oil per barrel actually determined?

The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.

How often does the price of oil change during the day?

The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.

How does U.S. shale oil production affect the current price of oil?

In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.

How does the current price of oil impact inflation and the broader economy?

When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.

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As corporate America and Europe drag workers back to five days in the office and squeeze for ever more efficiency, Japan is quietly paying thousands of older employees to show up, sit down, and do almost nothing at all.

Meet the madogiwazoku cohort—older, underperforming, or redundant employees who are assigned desks near the window with little to no work to do. 

These “window workers” are mostly Gen X and baby boomer men in their late 50s and 60s, who were hired on the promise of lifetime employment shushin koyo and a seniority‑based pay system.

Instead of leading teams or closing deals, they spend their days answering the occasional email, shuffling a few documents, and sorting paperwork—kept on comfortable salaries but carefully steered away from any real responsibility.

And while the phenomenon isn’t anything new, it’s gaining interest online. As Western CEOs double down on productivity, five-day in-office mandates, and AI headcount cuts, more and more young people are looking to Japan for a calm alternative—even vacationing there for a taste of a slower, more intentional way of life that feels worlds away from the corporate grind.

Moved instead of sacked: Japan’s seniors are still clocking in long after retirement

“[While]Trump says, ‘You’re fired,’ in Japan we don’t say, ‘You’re fired,’” a 74-year-old Japanese influencer who goes by @papafromjapan explained on TikTok. “If someone is not doing a good job, we put him near the window, let them do paperwork. Those people we call madogiwazoku.”

A key distinction, he suggests, is that these workers aren’t office troublemakers—they’re often loyal, non-confrontational workers who’ve simply been overtaken by changing technology or strategy. Rather than push them out, employers quietly move them aside.

“They’re not aggressive people, so we just let them work, and they don’t complain, and they’re happy with it, and they work for the company for a long time.”

Protecting older workers from redundancy—even when their roles shrink—has had a measurable ripple effect on who’s still turning up to work in Japan. The country now has one of the highest rates of senior employment in the developed world, with more than a quarter of people ages 65 and over still working in 2022, compared with less than one in five in the U.S., and barely one in 10 in the U.K.

Surveys show roughly 80% of Japanese workers want to continue working after retirement, with around 70% preferring to stay with their current employer rather than start over somewhere new. 

To make that possible, the government pushed through a revised Law Concerning Stabilization of Employment of Older Persons and a raft of subsidies that nudge companies to secure employment opportunities for workers until the age of 70. The World Economic Forum noted that already some companies are introducing systems that allow employees to extend their retirement age, enabling them to work longer without sacrificing benefits. 

Meanwhile, Japan’s Ministry of Health, Labor, and Welfare offers subsidies to employers who support such initiatives.

Survey suggests that about half of Japanese companies have an ‘old guy who does nothing’

One small study hints at just how widespread this quiet reassignment from core work to the window seat has become.

In a survey of 300 workers ages 20 to 39 at large Japanese companies, consulting firm Shikigaku found that 49.2% said their employer has an “old guy who doesn’t work.”

When younger staff were asked what their madogiwazoku coworkers actually do all day, the top answers were taking too many smoking and snack breaks, idle chatting, browsing the internet, and staring off into space.

Even in Japan, where respect for elders is baked into social etiquette, Gen Z and millennial workers are losing patience.

Nine in 10 respondents said their company’s “old guy who doesn’t work” has a negative impact on the workplace, blaming them for dragging down morale (59.7%), increasing everyone else’s workload (49%), and weighing on labor costs (35.3%). 

Still, the practice has an upside: By absorbing older, less adaptable employees instead of sacking them, companies maintain psychological safety; reduce workers’ fear of being abruptly displaced; and preserve decades of experience that can be tapped for mentoring and training. 

In an era when workers are being cut in the name of AI efficiency, Japan’s “window tribe” might look unproductive—but it’s a quiet reassurance to everyone else in the building that a bad quarter or a skills gap won’t cost you your livelihood. 

A version of this story originally published on Fortune.com on February 27, 2026.

Read more about work-life balance from Fortune’s Orianna Rosa Royle:

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Many professionals are on edge as AI enters the workforce. Employers are cutting jobs, restructuring teams around the technology, and raising the bar for the skills workers need to stay competitive. Chuck Robbins, CEO of tech company Cisco, says many workers will face growing pains as they navigate this constant state of technological change. 

“If you’re an employee who is uncomfortable with a lot of change and a constant dynamic environment, nothing’s going to feel good right now,” Robbins recently told Inc. “The pace of change is too fast, too dynamic, and they’re going to have to figure out their role in this world we’re living in.”

The leader of the $415 billion company says that industry leaders are the real pacemakers of the AI era—and employees “have no choice but to at least keep up.” But Robbins also added that workers aren’t the only ones trying to keep their heads above water. An early-morning Business Roundtable meeting showed that every CEO is worried about the speed of the technology and whether they can keep up, alongside cybersecurity concerns about protecting their businesses. 

Some AI leaders like Anthropic’s Dario Amodei and OpenAI’s Sam Altman have recently called on companies to slow down their pace of building models. Robbins said, “When the people building the most advanced models are raising questions about the pace of development, we should listen.”

Workers are feeling most exposed in the great AI transformation. Staffers are getting culled in the name of tech efficiency, as employers boast that their AI agents can now do the work of hundreds of humans. And while Robbins doesn’t see AI as a reason to shrink headcount, workers at many companies are still watching as employers restructure their businesses around AI—and wondering whether their jobs will be next.

Fortune reached out to Cisco for comment.

Workers are on edge as AI upends their job security

AI is hailed as the productivity holy grail, taking over mundane tasks, writing code, handling customer calls, and analyzing mountains of data. With those efficiency gains, it’s natural for employees to wonder where they’ll fit in a tech-optimized workplace. 

The CEO, who oversees more than 80,000 staffers worldwide, maintains that it’s best to keep staffers in seats and boost productivity, rather than cut workers just to maintain the same level of success. 

“The most innovative companies in the world shouldn’t view this as a cost-reduction efficiency play,” Robbins said in the Inc. interview. 

“You should view this as an innovation enhancement play,” he continued. “You can do exactly what you’re doing today, perhaps with 20 percent fewer people—and I’m making that number up. Or you can do 20 percent more and deliver more innovation to your customers with the same number of people you have today.”

That being said, Cisco did cut around 4,000 jobs earlier this year as part of a restructuring towards AI and related growth areas. At the time, Robins reasoned that “The companies that will win ​in the AI era will be those with focus, urgency, and the discipline to continuously shift ​investment toward the areas where demand and long-term value creation are strongest.” And it’s not the only company rethinking its workforce around AI.

Earlier this year, $46 billion fintech company Block reduced its workforce by around 40% after its CEO Jack Dorsey and other leaders questioned how many humans would need to stay if the company was built today with the latest AI tools. More than 4,000 of Block’s 10,000 employees would be affected. And this July, Microsoft laid off about 4,800 employees—with its Xbox division hit hardest. Amy Coleman, executive vice president and chief people officer at Microsoft, attributed the cut to the tech sector’s AI overhaul. While she clarified no dismissed roles will be replaced by AI, she admitted that “AI is changing how work gets done.”

Some experts have challenged the narrative around recent layoffs, arguing cost-cutting measures stem from pandemic overhiring—not an AI takeover. But others are chiming in and waving the red flag. Goldman Sachs economists predicted that the tech has erased around 16,000 net jobs per month over the past year; AI substitution wiped out roughly 25,000 roles every month during that period, while the tech’s enhancements have added back about 9,000. Entry-level Gen Z workers, exposed to AI substitution, have been hit hardest.

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Prime Minister Anthony Albanese said Thursday he was extremely concerned about OpenAI ‘s breach of an Australian health department website and that the artificial intelligence company took too long to reveal the incident.

An OpenAI agent infiltrated the public-facing Medicare Statistics Reporting Service portal on June 18, he said. The portal hosted aggregate data about health spending and drug subsidies and is popular with researchers and academics. No personal information had been accessed, the government said.

Albanese made the breach public following a telephone conversation with OpenAI chief executive Sam Altman. Both are in New York to address the U.N. General Assembly.

Altman was among heads of major AI firms who in speeches Wednesday pleaded with the United Nations to save the world or at least its people by somehow regulating the fast-expanding technology that they have been designing.

“Today I spoke with … Altman to express Australia’s extreme concern about this incident,” Albanese told reporters. “I also expressed my disappointment that it took the company way too long to inform the government what had occurred and the nature of the way that notification occurred as well was unacceptable.”

OpenAI said in a statement it had reviewed activity involving several Australian government departments and discovered “our models took actions we did not intend.”

OpenAI notified Australia of the breach in an email to a government department’s generic address on Sept. 10, Albanese said.

An inquiry looking into the security breach would examine whether OpenAI could be criminally charged, Albanese said. The inquiry would also investigate how Australian security agencies failed to detect the breach before OpenAI revealed it.

Albanese said he assumed there were commercial reasons for the AI investigation of how much was being spent on particular medicines and where expenditures were changing.

Government Services Minister Katy Gallagher said OpenAI had advised on Sept. 10 that an “AI agent had accessed infrastructure behind the public-facing” portal. OpenAI shared with the government the vulnerability the agent had found.

The Australian government had not been confident that it knew what the agent had been doing until officials held a technical briefing with OpenAI on Tuesday, Gallagher said.

She said the portal had been closed and the data moved to more secure systems.

OpenAI said last week it was introducing a new framework for tracking, investigating and disclosing instances of what it called “misalignment,” including cases where AI models acted without authorization, coordinated with other models or evaded oversight.

Deputy Prime Minister Richard Marles said the incident was the first time that an AI agent was known to have gained unauthorized access to the Australian government’s information technology systems.

“This is a warning about the technology being developed without safeguards and without guardrails in place,” Marles said.

OpenAI was engaging with the government but the situation was “fundamentally unacceptable,” Marles said.

When the agent was denied information, it engaged in “misaligned behavior” to gain unauthorized access, he said.

Marles said the information accessed was “not particularly sensitive” and had since been made public.

Marles used an analogy of the information sitting behind a fence.

“It was not sitting behind a particularly high fence. This AI agent scaled the fence … and the point is it was unintended. It wasn’t asked to. That’s our concern here,” Marles said.

___

This story corrects the date of breach to June 18.

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Israeli officials believe that it’s only a matter of time until the resumption of strikes against Iran, according to a report by Saudi state-owned news outlet Al Hadath on Thursday.

The official told the outlet that the Israeli intelligence has detected an attempt by Iran to revive and activate its nuclear program in anticipation of a strike, following reports in Israel about the regime transferring its remaining nuclear project to Jabal al-Fas, near the Natanz nuclear facility.

The report also cited the official saying that Israel is “defensively and offensively prepared for the possibility of renewed war on Iran and on other fronts as well, at any time.”

“We will move to strike nuclear facilities and any site belonging to them again if Tehran crosses any of the red lines, whether with or without the participation of the US,” the official added.

The official also warned that the current economic sanctions taken against Iranian-linked entities are generating pressure in Tehran, causing internal division and domestic pressure. “These factors could push it [the Iranian regime] toward military responses in the region, including against Israel.”

He then insisted that the only way to have a non-nuclear Iran is through a regime change in the country.

Elections don’t constitute a decisive variable against Iran

The official also revealed that the elections in Israel, which will be held on October 27, aren’t a factor that could influence the decision-making about striking Iran.

He also said that the current sanctions by the Trump administration are having better effects than expected, with current estimates suggesting that a regime collapse could happen sooner than anticipated.

Finally, the official warned Al Hadath that Israel doesn’t see much value in the current negotiations between Americans and Iranians, despite the continuation of contacts and mediations, due to Tehran’s procrastination and its bets on political developments in the United States and Israel that could stop an attack from happening.

Iran, US meet on sidelines of UNGA

Iran’s Foreign Minister Abbas Araghchi and US envoys Steve Witkoff and Jared Kushner communicated through mediators on the sidelines of the UN General Assembly in New York, the first such contacts since an interim ceasefire agreement collapsed in July.

“Steve and Jared had a very productive meeting today with mediators of Iran, merely mediators. Let’s see what happens with that,” US President Donald Trump said. “They’ve been mediated for a while, but I think there’s a lot of momentum for them to make a deal. It’s what we’re hearing from everybody.”

The Al Hadath report mentioned that no agreement was reached during this meeting, as disagreements continued over several issues, most notably the Strait of Hormuz, in addition to the lack of trust between them.

Reuters contributed to this report.

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While world leaders gather at the United Nations for their annual diplomatic ritual, the two biggest power brokers in global politics will sit down in a different venue on Thursday: the White House.

US President Donald Trump and Chinese leader Xi Jinping will meet for the second time this year, hoping to keep the world’s most consequential bilateral relationship steady as both leaders grapple with a host of domestic and global issues.

The split-screen moment highlights an existential question for the UN: does the world body, established after the calamity of two world wars, still matter?

While UN delegates discuss “multilateralism” and hold panels on the world’s conflicts, Trump and Xi – what the US president calls the “G2” – will talk AI, trade, and defense.

“It’s pretty notable that Xi Jinping is coming to Washington in the same week as the General Assembly, but does not feel bothered to come up to New York,” said Richard Gowan of the International Crisis Group.

“I think a lot of people will say, ‘Where is the real center of decision-making?'”

Xi rarely travels to New York for the General Assembly.

The questions about the UN’s role are hardly new, but have acquired fresh urgency as the organization struggles with deep financial problems, divisions among major powers and limited influence over conflicts from Ukraine to the Middle East.

Those concerns have gained new relevance since Trump’s return to office last year. The US leader has pulled the US out of dozens of UN agencies and slashed Washington’s budgetary contributions to the organization, pushing it to the brink of bankruptcy.

In his speech on Tuesday, Trump accused the UN of “imposing the far-left agenda of globalist bureaucrats who nobody ever elected.”

UN facing deepening financial woes

The UN has a persistent budget shortfall, forcing it to cut the budget of its Secretariat by 9.2% for 2026. It laid off thousands of staff, sent peacekeepers home, and cut back on humanitarian and human rights work.

The United States, which has for years withheld much of its dues, is part of that problem.

The Trump administration last week paid $725 million for the regular budget, preserving its vote at the assembly, but still owes $1.3 billion to the regular budget and $2.9 billion for peacekeeping operations, the UN said.

The organization’s problems extend beyond money, however.

Gridlock has long defined the UN Security Council, where five veto powers, including China, Russia and the US, rarely agree on anything substantive.

“There are two main challenges that the UN faces today: the first is its dire financial situation,” said Eugene Chen, a former UN official.

“This is linked to a second, broader, challenge – the fact that member states no longer agree on what the form or function of the UN ought to be at a time of mounting global challenges,” he said.

Outgoing Secretary-General Antonio Guterres launched a reform task force last year, known as UN80, which seeks to cut costs, remove duplication, move jobs to locations cheaper than New York and Geneva and improve efficiency.

It includes a 21% reduction in posts at the Secretariat and a review of more than 600 series of mandated Secretary-General’s reports, aiming to reduce reporting by about 700,000 words in 2026.

Trump decries ‘craven hypocrites’ of UNHCR

Unlike in 2025, Trump did not use his Tuesday speech to complain about escalators or teleprompters and largely stuck to a script that focused on defending his record in the war with Iran and on the US economy.

Still, he inveighed against the “craven hypocrites” of the UN’s Human Rights Council who “want America to open our borders to gangs and criminals from the world’s most dangerous places,” and zeroed in on UNESCO, saying “these globalists are actively destroying the greatest cultures and most extraordinary heritage in history.”

The UN has defended culture and education agency UNESCO’s work as “unanimously acclaimed by major specialized organizations,” and the Human Rights Council as playing “a very important role in the promotion and protection of human rights worldwide.”

Xi has sought to capitalize on Trump’s often bellicose rhetoric by presenting China as a reliable partner on the global stage, especially for developing nations, and by using the UN as a platform to advance that message.

Over 1,000 meetings planned over UNGA week

For all the criticism of the UN, its annual meeting remains a forum for high-volume diplomacy. This week, member states planned more than 1,000 bilateral meetings, according to UN data.

Iran’s Foreign Minister Abbas Araghchi ‌and US envoys Steve Witkoff and Jared Kushner communicated through mediators on the sidelines on Tuesday, the first such contacts since an interim ceasefire agreement collapsed in July.

The European Union’s foreign policy ‌chief Kaja Kallas told reporters the UN remained relevant, but she too criticized the organization for being “paralyzed when it comes to preventing or ending conflicts.”

Ukrainian ​leader Volodymyr Zelensky used the venue to hold talks with Trump on ending the war with ‌Russia, including a potential ceasefire on energy-related targets.

He was asked by a journalist whether years of meetings at the UN have brought any concrete results. He answered in English: “Today it helps us to meet. Maybe it’s not too much, but it’s something.”

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With elections bearing down and the whole country consumed by the race, diplomat and writer Einat Wilf sat down with Jacob Laznik to make a case that almost no one else in Israeli politics is making. Running third on the Reservists–New Economic Party list, an unaligned slate polling around four seats and openly determined to blow up the country’s paralyzing bloc politics, Wilf argues that the real fight isn’t over territory or coalitions at all, but over consciousness. 

October 7, in her telling, was the day adversaries “emerged from physical and metaphorical tunnels to launch a global assault on Jewish life,” and her central claim is that neither the government nor the opposition grasps the scale of that war of ideas, let alone how to fight it.

For a writer and former lawmaker who has spent two decades on exactly this terrain, the campaign is less about a seat than about forcing a conversation the political class keeps avoiding.

Moving the topic to the Gaza Strip

Where the interview gets passionate is Gaza. Wilf contends that Israel’s leaders have left the single most consequential question of the postwar era: What actually happens the day after, which is almost entirely undiscussed. She then lays out a strikingly concrete alternative: Reinterpreting the Board of Peace’s twenty-point framework so that “Gaza will not be a threat” means ideological disarmament rather than a few weapons stashed in a shed, and splitting the Strip into a “Gaza of war” and a “Gaza of peace” where residents must formally renounce refugee status and the right of return before any reconstruction money flows. 

It’s a vision that ranges from the granular, which includes cutting UNRWA cards, new documents, a new flag, to the sweeping idea of rebuilding not just a place but a people’s self-understanding. Around it she threads the themes her readers will recognize: the “bigotry of low expectations,” “Westsplaining,” the “Zionism Is” project, and the “mass psychosis” she says drives anti-Israel activism from the Oxford Union floor to the street. Laznik, in turn, questions the logistics, the other players at the table like Qatar and Turkey, the risk that reopening a signed agreement reads as reneging, and the uncomfortable reality that Hamas keeps boasting it would do it all again. 

Whether you come away thinking Wilf’s plan is visionary or unworkable, you’ll want to hear how she answers when pressed. Watch the full interview to see where it holds up and where it strains.

This is part one of The Jerusalem Post‘s interview with Wilf. Stay tuned for part two.

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To his family, Lt. Col. Mahmoud Khairaldeen was a gentle man who always had time to listen, offer advice, and help those around him. To the Israeli public, he was known only as “Lt. Col. M.” Eight years after he was killed during a covert operation in the Gaza Strip, the man behind the initials is finally being remembered for more than the secrecy that surrounded his life and death: for the quiet devotion he showed to his family, his community and the country he served.

A center in Isfiya was opened in his memory to support young entrepreneurs in starting their own businesses, marking a major first for Israel’s Druze community. The center honors not only the sacrifices made by Khairaldeen, but also the extensive work he did to help young Druze gain admission to the military boarding school he once attended.

Khairaldeen had a long military career in the Paratroopers Brigade and later in Military Intelligence’s Special Operations Division. However, his commitment to his community extended well beyond his military service. In 2009, he established a nonprofit to support young members of his community, and partnered with Aharai!, a program designed to help teenagers build the resilience and skills needed to succeed in the military once they turn 18.

“He had a gentle smile that was truly defining, and even today that smile continues to guide our steps, even giving us strength, purpose, and comfort in everything we do. Mahmoud was not only an extraordinary officer and commander; he was deeply dedicated to education, leadership, and empowering youth,” Khairaldeen’s brother Mamduch told The Jerusalem Post. “We believe in quiet leadership, leading through actions, building bridges between communities, and ensuring that the next generation has every opportunity to realize their full potential. For us, honoring his memory means carrying forward what he lived by, investing in people, driving positive social change.”

Lieutenant M foundation facilitates community support

With the generous support of Prof. Meriam Adelson, the center opened an “accelerator” only weeks ago to help advance young Druze in the high-tech industry.

Mamduch explained that his family first opened the Lieutenant M Foundation to carry on Khairaldeen’s memory. They are now working on several projects, including a commemoration and heritage center with an educational space designed to share Khairaldeen’s story, values and devotion to Israel, as well as a community and parenting support center focused on empowering parents with the tools they need to nurture their children’s development.

Mamduch said the foundation was working in close partnership with the Association for the Advancement of the Druze Soldier, also known as the Druze Veterans Association, a nonprofit founded by Koftan Halabi to support and empower IDF Druze soldiers and veterans in Israel.

“Koftan Halabi chose to dedicate this inspiring venture to the memory of my brother Mahmoud. We, as his family, deeply appreciate this meaningful tribute and are proud to partner with the foundation and support this innovation,” Mamduch said. “It truly reflects everything Mahmoud stood for: empowering the next generation and opening doors for young talent by connecting peripheral communities directly to Israel’s high-tech ecosystem and providing young entrepreneurs with mentorship and professional tools. This innovation turns military leadership and resilience into real-world innovation.”

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A knife-wielding man chased a yeshiva student home while shouting antisemitic expletives in an incident captured on surveillance footage on Wednesday.

Security footage posted online by the Crown Heights Shmira Patrol (CHSP) shows a man pursuing an individual down a residential street and onto a flight of steps outside a home at approximately 2:33 AM on Wednesday.

During the pursuit visible in the video, the suspect yells toward the student, “Now I know where you live,” before screaming, “Heil f***ing Hitler!” while holding an object appearing to be a knife. The assailant continues shouting racial and antisemitic slurs as the student moves toward the safety of the doorway.

NYPD located the suspect shortly after the attack

According to a report by COLlive, a Crown Heights based local news outlet, the suspect allegedly slashed the tires of bicycles parked on the property before fleeing the area. Crown Heights Shmira and the NYPD were immediately called, and responders soon located the suspect nearby. He took off again, jumping over fences on private properties and managing to evade responders temporarily.

Multiple Shmira volunteers reportedly continued canvassing the surrounding streets and yards, and a short time later the suspect was located again. He was taken into custody by officers from the NYPD’s 77th Precinct. The NYPD Hate Crimes Division is investigating the incident.

The NYPD did not respond to a request for comment and confirmation of the report by publication time.

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Some New York City Council members want to transform several areas into “low-traffic neighborhoods” by redesigning streets to divert through-traffic away from residential blocks. The bill, set to be introduced on Thursday by Council Member Shaun Abreu, chair of the council’s Transportation Committee, would require the city to install at least two types of “traffic-calming devices” in each neighborhood, such as speed bumps, medians, or barriers at intersections, as first reported by Gothamist. The measures are intended to slow traffic and discourage drivers from cutting through residential streets while maintaining access for emergency vehicles and delivery trucks.

The legislation, co-sponsored by Council Members Selvena Brooks-Powers and Shahana Hanif, was inspired by conversations Abreu had with lawmakers in London, England, where officials have implemented their own low-traffic neighborhoods (LTN).

The bill calls for a two-year LTN pilot program that involves installing at least two traffic calming devices in five neighborhood areas. As part of the legislation, the city would have to study the number of car crashes and the noise levels in the areas and make recommendations surrounding the maintenance and installation of the calming devices.

“It allows any vehicle, whether it be private cars, deliveries, emergency vehicles, and sanitation, to allow access within its boundaries, but traffic simply cannot cut through,” Abreu told Gothamist.

“We believe in this day and age, with all the collisions we’ve been seeing, especially from our cars, we think we can have safer streets with that.”

Open Plans, a street-safety advocacy group, says its research indicates that LTNs are among the most effective strategies cities around the world have used to reduce cut-through traffic.

The nonprofit organization says community boards in three boroughs have already called for their neighborhoods to be considered for LTN pilots, including Brooklyn Community Board 6, Manhattan Community Boards 7 and 9, and Queens Community Board 6.

The four boards have asked the Department of Transportation (DOT) to study cut-through traffic and explore potential solutions.

Council Members Tiffany Cabán, Julie Won, and Shekar Krishnan have also expressed support for LTNs, writing to the DOT to urge the agency to study cut-through traffic in their districts and consider them as potential pilot locations.

In a statement, Sara Lind, co-executive director of Open Plans, called the bill a “common-sense solution” to street safety concerns and excessive traffic on residential streets.

“Low Traffic Neighborhoods are a common-sense solution to growing problems caused by reckless, cut-through driving and excessive congestion,” Lind said. “We’ve heard from neighbors across the city about the impacts of overwhelming traffic and dangerous driving on their streets, and this bill addresses those concerns with a proven solution.”

“We urge the Council to advance this legislation without delay and create more thriving, livable communities,” she added.

The legislation’s introduction comes a few weeks after Mayor Zohran Mamdani unveiled his long-awaited version of the Vision Zero plan. It reimagined the original initiative’s goal of eliminating traffic deaths and serious injuries while introducing more than 100 policy commitments for the next decade.

Organized around eight “big-picture goals,” the plan includes pedestrian-only zones, safety redesigns for nearly 200 Vision Zero priority corridors that have yet to receive treatment, and stronger enforcement against reckless drivers.

RELATED:

The post NYC Council bill would create ‘low-traffic neighborhoods’ across the city first appeared on 6sqft.

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Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday.

Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week’s reading of 6.95%.

The average rate on a 30-year loan was 6.3% a year ago.

AMERICA’S BEST AND WORST CITIES FOR HOUSING AFFORDABILITY RANKED

The average rate on a 15-year fixed mortgage climbed to 6.42% from last week’s reading of 6.26%.

THE US CITIES WHERE HOME PRICES ARE FALLING THE FASTEST

Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed’s interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 5.1% as of Thursday afternoon.

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Palestinian Authority President Mahmoud Abbas said that the PA “seeks a non-militarized state that lives in security and peace alongside the State of Israel,” during his address to the United Nations General Assembly on Thursday.

Abbas, who had to appear via video after being denied entry to the United States for the second consecutive year, claimed that the PA also seeks “security and peace for all,” rejecting attacks against civilians by any party whatsoever, terrorism, and extremism in all their forms.

“We combat antisemitism, racism, and hatred. And we believe in a culture of peace, dialogue, and co-existence. We seek a democratic Palestinian state that respects the rule of law and human rights,” he added.

Abbas warns about settlement expansion, ‘Greater Israel’ plan

Abbas also warned that the E1 settler project announced by the current government will “separate the northern West Bank from its south, isolate East Jerusalem from its Palestinian surroundings, and prevent the realization of a geographically continuous Palestinian State.”

He then demanded immediate intervention by the United Nations Security Council and the implementation of Resolution 2334, which established that Israeli settlements in the West Bank have no legal validity and constitute a violation of international law.

He the asked the assembly: “What is the world waiting for to protect the Palestinian people, ensure their continued presence on their land, end the Israeli occupation, and implement the two-state solution?”

“This solution guarantees peace for all, instead of the threat emanating from Israeli extremism, which seeks to expand their colonial project towards establishing the so-called greater Israel,” he added, warning about “Israeli attacks” reported in eastern Jerusalem’s Al Aqsa Mosque, the Holy Sepulcher and Hebron’s Cave of the Patriarchs.

He also claimed that “settler terrorism is escalating under the protection of the occupying forces, while the crimes of land theft, checkpoints and raids continue,” and is also isolating Palestinians in eastern Jerusalem, with the area “being fragmented and Judaized.”

“We highly appreciate the measures taken by the UK, as well as other twelve countries, to protect the two-state solution, and the call launched by the leaders of France, the UK, and Canada to convene a summit in New York on this matter,” Abbas pointed out.

“Furthermore, we call on US President Donald Trump to fulfill the commitments that he made to the leaders of the Arab and Islamic states last September, to prevent the annexation of Palestinian land and prevent displacements,” he continued.

Abbas claims reforms must allow for independent state, release of funds

Later in his speech, Abbas pointed out the reforms the Palestinian Authority has been pushing in the last year. “We have fulfilled our pledge. We completed the national reform program that we had committed to. We strengthened institutional governance, public financial management, transparency, anti-corruption measures, and the rule of law,” he said.

“We established a unified, needs-based national system for social protection and social welfare, abolished the previous laws in the area, and obtained an independent international audit confirming the validity of our measures,” he added, and detailed that the education system has been “developed in accordance with international standards.”

“We are demanding the release of all our withheld funds. The guarantee of their regular and full transfer. And the lifting of the financial and economic restrictions and the blockade imposed on our people, in accordance with the Paris Economic Protocol agreed upon in the Oslo Convention,” he also demanded from the Israeli government.

This is a developing story.

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Yashar party leader and former IDF chief of staff Gadi Eisenkot has emerged as the leading opposition candidate seeking to oust Prime Minister Benjamin Netanyahu ahead of the October election.

Receiving rapid, widespread support at a crucial juncture, Eisenkot is well positioned to become the country’s next prime minister in the country’s first elections since the Oct. 7 Hamas attacks in 2023.

In his first in-depth interview to an English news outlet ahead of the elections, Eisenkot broke down to the Magazine his plans for the country as prime minister, what his security approach would be, and his stance on Oct. 7 failures – while also opening up on the loss of his son and two nephews who fell in battle during the Israel-Hamas War.

Eisenkot rose through the IDF’s Golani infantry brigade and was OC Northern Command, before serving as chief of staff from 2015 to 2019. His military career put him at the center of Israel’s confrontation with Iranian forces and their allies in Syria, a threat he identified in the interview as his foremost concern.

He entered politics in 2022 with Benny Gantz’s National Unity party. After Oct. 7, Eisenkot joined Netanyahu’s emergency government and sat as an observer in the war cabinet. He and Gantz left the government in June 2024. Eisenkot later broke with Gantz and founded Yashar, Hebrew for “straight” or “upright,” in September 2025.

A Channel 12 poll conducted Tuesday projected 23 seats for Yashar, 20 for the Likud, and 13 for Naftali Bennett’s B’Yachad. It gave Zionist parties opposed to Netanyahu 54 seats, short of the 61 needed for a Knesset majority without Arab parties. Eisenkot led Netanyahu, 41% to 38%, when respondents were asked who was better suited to be prime minister, though that difference is within the poll’s reported margin of error.

The numbers sharpen the question we put to him: How does he form a government while ruling out the Arab parties?

Eisenkot has presented himself as a unique candidate, offering a more reserved personality compared with the outgoing, outspoken figures who have dominated Israeli politics.

He arrived at The Jerusalem Post studio with the mannerisms that have come to characterize him, sitting at the edge of his seat and speaking calmly throughout the nearly hour-long interview.

Amid the countless theories and claims that there was a betrayal on Oct. 7, Eisenkot said that there was no possibility that this was the case.

“Unequivocally, there was no betrayal…. I know the people [and the system]. There is no chance that someone betrayed.”

Addressing Oct. 7 failures

“What there was, however, was deep negligence, arrogance, contempt, lack of professionalism – first of all by the military echelon, and afterward by the political echelon,” Eisenkot elaborated.

“And the most serious thing, in my view, is that all the cabinet ministers… are running again in the upcoming elections, except [then-defense minister Yoav] Gallant. This is inconceivable,” he said.

He told the Magazine that one of his top priorities would be to establish an official state commission of inquiry to probe government failures on Oct. 7.

“A state commission of inquiry must be established that will examine the last 10 years, from when I started my position,” he said.

Eisenkot himself became a bereaved father during the war, losing his son Gal two months into the war in Gaza. That same week, he lost a nephew, along with another nephew who fell in fighting a year later.

Speaking of his son, Eisenkot said, “The desire to contribute and do more for the country – there is no doubt that his fall… motivates me to act to be worthy of the heavy price that we paid, both as a country and as a family.

“He is with me every day,” he said.

Eisenkot’s coalition redlines

Eisenkot also laid out some of his coalition redlines to the Magazine, saying that the two major Arab-led parties running – Ra’am and the Joint List – are not viable coalition partners.

Ra'am party head MK Mansour Abbas and MK Walid al-Huashla at faction meeting, at the Knesset, the Israeli parliament in Jerusalem, on June 15, 2026. (credit: YONATAN SINDEL/FLASH 90)

“I decided that in the next government, I would see as a partner anyone who accepts Israel as a Jewish democratic state, the values of the Declaration of Independence, and the obligation of service.

“About a month ago, more or less, I understood that there is also a part of them [the Arab parties] that does not see Hamas as a terrorist organization.

“And I said that in the basic guidelines of the next government, it will be written that whoever does not accept that Hamas is a terrorist organization, that it needs to be dismantled and destroyed, will not be a partner in the next government.

“And therefore I do not see an Arab party that accepts my principles.”

When asked how he believes he could form a government when recent polling shows both blocs unable to form a coalition without the Arab parties, he said: “I believe the majority we receive will be much larger than what the polls currently show.

“We will continue working until the election to bring the opposition bloc to 63-64 mandates, together with my partners in the bloc, [B’Yachad leader Naftali] Bennett, [Yisrael Beytenu leader Avigdor] Liberman, and [The Democrats leader Yair] Golan.

“I said that I do not rule out any Zionist party. I see as a partner anyone who meets the four principles I have set.”

Regarding Ofer Winter, who chairs the right-wing People of Israel party that recently emerged, which has backed Netanyahu, Eisenkot said that “there is a contradiction in his positions.

“In the end, he [Winter] chooses to perpetuate the rule of the person who was in power on Oct. 7.

“He says he will go with whoever passes a conscription law, yet he chooses to go with someone who promoted draft evasion. I don’t see him joining any coalition.”

Stances regarding the West Bank

Eisenkot also spoke on his stance regarding Finance Minister Bezalel Smotrich, who leads the far-right Religious Zionist Party and has strongly pushed to expand West Bank settlements.

“I will tell you a secret: I have family in Judea and Samaria, in [the West Bank settlement] Yakir, and some of them vote for him [Smotrich]. I therefore do not personally disqualify him.

“But Smotrich expresses highly problematic positions. I cannot accept his support for a draft-evasion law. He also called for refusal to serve.

“I am also deeply concerned by Judea and Samaria. Four years ago, Netanyahu took the Civil Administration and handed it to Smotrich, and took the police and handed it to [National Security Minister Itamar] Ben-Gvir.

“He undermined the [IDF] Central Command commander’s ability to exercise sovereignty and responsibility.”

When asked what he would do to change the situation in the West Bank, especially amid the spike in Jewish settler violence in the area, Eisenkot said that after entering office he would immediately “reverse” the situation and change who was in charge.

“The Civil Administration would return to military coordination, and police activity in Judea and Samaria would again be coordinated by the military command,” he said.

“Administrative orders would be restored against those who riot and harm the settlement enterprise. First and foremost, they harm the State of Israel,” Eisenkot continued.

When asked if he would consider firing the head of the Mossad, Roman Gofman, and Shin Bet (Israel Security Agency) Director David Zini, who are both Netanyahu appointments, Eisenkot said that while the two were “both very good commanders,” they were “incorrect appointments.”

“Now they have been appointed to positions. From here, it [the matter] will be examined through their performance,” he said.

One prime minister: Eisenkot nixes the idea of a rotation government

Eisenkot also ruled out the possibility of a rotation government, in which coalition partners would alternate serving as prime minister.

“I see one prime minister, whom the people decide on and elect, and he puts forward a work plan for four years, and he is prime minister for four years,” he elaborated.

Eisenkot also said that after the elections, the leader of the largest party should be the candidate for prime minister.

He said he had held that position before his rapid rise in the polls, when he was polling at “six seats, and Bennett had 26.”

The Yashar party leader said he had told Bennett and Liberman, “Let’s establish a clear rule: The head of the largest party is the candidate for prime minister.

“I have not changed my mind. They are the ones who changed their minds,” he added.

Change and repair: What would Eisenkot do differently from Gantz?

Comparisons have been drawn between Eisenkot and his former political partner Gantz, another former military chief once seen as one of Netanyahu’s strongest rivals, who has since lost public support.

When asked what would make him different from Gantz, Eisenkot paused and said: “I feel a very deep sense of commitment.

Benny Gantz meets with Jerusalem Post staff, August 3,  2026. (credit: Marc Israel Sellem/Jerusalem Post)

“If I believed someone else could defeat Netanyahu today, I would say that I should not run.

“The personal price I paid through the death of my son, two nephews, and the broader pain throughout the country give me a deep sense of mission.

“I want to bring change and repair. I do not want to say that someone appeared to me in a dream, but my inner feeling is that I now have the ability to defeat Netanyahu, bring Israel to a place representing 70% of its residents, and forge an alliance of those who serve.

“There is a commitment and a mission here to change things and return the country to normality. I look at my children, grandchildren, friends, and young people. I am doing this out of deep inner conviction. I do not have an obsession with becoming prime minister.”

Foreign affairs strategy and policies

Regarding his policies and strategy for foreign relations and defense, Eisenkot said his outlook is that “Israel is today facing the greatest strategic complexity since the establishment of the state.

“Therefore, difficult decisions are required, not simple ones, both externally and internally.

“The thing that concerns me most among the external threats is Iran…. My concern is that their lesson to us will be this: They have 440 kilograms of enriched uranium. They will put in centrifuges, and they will race to 90% and shock the world with the production of a nuclear explosive device.”

When asked if Israel had been able to achieve its military objectives throughout the current government’s term, Eisenkot had a direct response.

“No, unfortunately,” he said.

Elaborating further, Eisenkot continued that only “one of the war objectives was achieved: returning the hostages.

“Netanyahu initially opposed including that objective, and I forced it upon him on the ninth day of the war,” he added.

Eisenkot also said that he would invest in US-Israel relations, which he said he saw as crucial.

“I saw it from [former US president Joe] Biden to [US President Donald] Trump. These are special relations that are a necessity for Israel.

“The fact that Netanyahu, ‘Captain America,’” he said jokingly, “is bringing Israel to the lowest point in relations with American society.”

Eisenkot also said that he has not been in touch with Netanyahu during his campaign and after the establishment of his party.

When asked if he was in contact with US officials, Eisenkot responded directly, “The answer is yes. I won’t elaborate beyond that.”

He also expressed support for Trump’s actions in brokering the deal that secured the release of some of the hostages.

“But the most important thing is the peace among us. And that, in my view, is the biggest challenge for the government.”

“Peace, from Egypt to Jordan, is not something that can be taken for granted. We need to strengthen it and cultivate it.”

Dwelling with others: Israel’s international standing

Asked how he believes he could improve Israel’s international standing, Eisenkot said that his approach would be different from Netanyahu’s stance, which he argued has put Israel into isolation.

He criticized Netanyahu for saying in 2025 that Israel needs to become a “super-Sparta.”

“We do not want to be ‘a people that dwells alone,’” he said, quoting the Bible.

“We need to be a strong country. And the challenge here is to be a strong Jewish state, a model state,” he added.

“The first steps require national agreement. The next government will have to make very difficult decisions. The first is a universal service law. Everyone must serve: haredim and Arabs. Arabs would perform National Service, while Bedouin service in the IDF would be expanded significantly.”

Drafting haredim

Regarding the issue of drafting haredim into the military amid the IDF’s severe manpower crisis, Eisenkot said that in addition to passing legislation to enforce haredi conscription, he would end the existing arrangement under which rabbis can grant exemptions through a lawyer.

Israeli police clash with haredi protesters during a mass demonstration against military conscription outside the Beit Lid military base in June.  (credit: Amir Levy/Getty Images)

Eisenkot said he would increase benefits for reservists and soldiers and revoke any state incentives granted to those who evade service.

Eisenkot has also called for a more “realistic plan” for drafting haredim into the IDF, under which 3% of haredim would be eligible for exemptions from service. He noted that this would be similar to exemptions currently granted to outstanding musicians and athletes.

This approach has drawn criticism from other opposition party leaders in the bloc who have called for no exemptions.

“Today, an annual cohort is approximately 70,000 people, so 3% is about 2,200…. Israel can permit that.

“At the height of the War of Independence, David Ben-Gurion refused to end the studies of 400 exceptional [Torah] scholars, saying, ‘Under no circumstances. We are a Jewish state.’

“I believe in that. I am not religious, but I grew up in a traditional family and have profound respect for Judaism and tradition.”

Eisenkot also said he would require all Israeli children to study through the state education system, which teaches core curriculum subjects such as math and English.

“Whoever is not in state education – secular, religious, haredi, Arab – will not receive funding from the state,” he said.

He said the reform of the country’s education system would take four years and involve putting “a lot of money into the education system in order to improve it.”

Eisenkot’s distinction for voters

When asked what makes him different from the other parties in the opposition bloc, he said that though he has respect for them, “I think what is different is the trust that the citizens of the country place in me.”

“Trust in my motives for wanting to become prime minister, my leadership, my experience, my responsibility, my personal example, and what I communicate to people.

“I believe I can create greater solidarity than any other prospective leader of Israel and rally the broadest possible public,” he said.■

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Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic “downturn.”

Schiff, chief economist and global strategist of Euro Pacific Asset Management and host of “The Peter Schiff Show” podcast, described the elevated prices as “a tax on the economy,” opining, “I don’t think it’s over.”

“I think oil prices are headed significantly higher from here — not just oil, but everything related to, to energy,” he explained, “especially… diesel, which is gonna have a particularly harmful impact because that is the fuel… that is used in, in agriculture, it’s used in transportation, all the trucks are diesel,” he noted, adding that this will “affect the price of pretty much everything.”

The AAA national average price for diesel recently hit the highest recorded average price of $6.5276 as of Tuesday, but inched down to $6.5141 by Thursday.

While Americans have been facing elevated fuel prices amid the Iran war, Schiff also pointed to the Federal Reserve as part of the reason for the energy prices.

SENATORS PRESS PRESIDENT TRUMP TO RELEASE HOME HEATING OIL RESERVES AMID SOARING PRICES

“But the Fed’s monetary policy has been much too loose for much too long,” he said. “The quarter-point rate hike… last week is too little too late to really derail the inflation train. And I think you’re gonna see a lot of upward pressure on all prices” due to “Fed policy,” Schiff explained. 

He also pointed out that the U.S. will eventually “have to stop selling” oil from its Strategic Petroleum Reserve (SPR).

“And I think the same thing is gonna happen with other countries that have been liquidating reserves in order to… artificially suppress prices,” he said, noting, “imagine what happens if we have to start replenishing those depleted reserves. That would put even more upward pressure on prices.”

The supply of crude oil in the U.S. SPR has fallen significantly this year from over 400 million barrels down to more than 284 million as of the most recent data posted by the U.S. Energy Information Administration.

“Look, I think the prices will be lower if we manage to get ourselves outta this war. How much lower it’s hard to say. Because I think even if we have some kinda deal to end the war, I don’t know that you could trust it,” he said. “I think that there’s gonna be a risk premium for many years now because you have no idea when the war would resume.”

US ECONOMY ‘WORSE’ OFF THAN WHEN BIDEN DEPARTED, PETER SCHIFF SAYS, WARNING OF 2028 DEM SOCIALIST ‘THREAT’

“Maybe we get some kind of deal, a ceasefire or something, but… we’ve seen these deals before and… they immediately blow up,” he noted.

Schiff said he believes “oil prices are going up regardless of the outcome of the war and whether we end it or not. It’s just that if the war continues, I think the prices will be higher than if it doesn’t continue,” he said, predicting that prices will increase “either way.”

President Donald Trump asserted in part of a Truth Social post last week, “The World’s Diesel price rise is mostly caused by the Russia/Ukraine War, not Iran.”

Schiff expects unemployment to rise and consumer spending to fall, speculating that the Fed may “not raise interest rates as much as they should to contain inflation. In fact, they may even end up cutting rates if the economy is weak enough.”

“If the Fed tries to stimulate the economy or fight rising unemployment by rate cuts or quantitative easing, that’s gonna fuel the fire that’s already burning in, in consumer prices,” energy included, he noted.

IRAN WAR COSTS US HOUSEHOLDS $860 MORE IN HIGHER ENERGY PRICES, ECONOMIST SAYS

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“Putting the customer at the heart of everything we do” is the boilerplate response of choice for new chief executives. Antony Jenkins said almost precisely those words when he became the CEO of Barclays in 2012, just four years after the financial crisis blew a hole in the global economy. 

Saying something and doing something are very different. Few businesses die through the lack of good ideas. They fail through the lack of execution. And that is often down to technology. 

Jenkins had a 30-year career in what might now be described as “legacy banking.” He left Barclays in 2015. And if he had learned one thing, it is that there was a major problem lurking at the heart of nearly all large-scale, long-history businesses. It is the “spaghetti systems” issue—computer refits and technological upgrades that have been built haphazardly over time, one on top of the other.  

“Much of it had been created in the 70s and 80s,” Jenkins told me of the computer systems that underpinned much of banking then. “Some of it even went back to the 60s. 

“I was worried that as technology made lots of things possible, we as incumbents would fall further and further behind. And you could see that manifest itself as banks responded firstly to having to deliver services over the internet and then over mobile—which they did, but they did it in a very expensive, slow, and costly way. And I lived through all of those experiences in my first career in the banking industry. 

“It’s a bit like a cathedral. When you look at a cathedral, it’s all beautifully built. But actually, it’s generations of people who have added a gargoyle here or a spire there and that’s exactly how these systems started off in the banking industry.” 

“Take me back to the start,” Coldplay sang in Scientist. Many C-suite executives know they should restart whole technology systems in their business, an imperative even more important now as AI agents demand new ways of looking at technology enablement. Many C-suite executives also know the often risk-averse world they operate in. Caution is the enemy of innovation. 

“In a big bank, if you want to deliver a new product, a new variant mortgage or a credit card, it can take you nine months to a year to 18 months to build and deliver that,” Jenkins said. 

“I wanted to be able to do that in a few minutes. I wanted to be able to build beautiful user experiences without having to put a whole bunch of technology between the legacy systems and the new system. And perhaps most importantly, in this era of AI, get to data in real time.” 

Greg Jackson, the founder of Octopus Energy Group, said that true disruption is often only possible by finding a greenfield site and starting again. Jenkins launched 10x a decade ago—a banking platform which provides new ways of organizing core services and customer interfaces which legacy systems find almost impossible. Clients include Chase U.K., Old Mutual and Westpac. A £50m raise in 2024 valued the company at north of £500m ($663m). 

“Technology allows you to do lots of things, but it’s only really worth doing if you are going to make things a lot better.” 

Antony Jenkins

“Today, most bank systems still run a hybrid of batch and semi-real time,” Jenkins said. “Our platform runs in real time, and our clients can look at what’s going on at any point in time. And then [see] if they want to apply AI agents to create a set of outcomes that are better for the customer. 

“When I concluded [in traditional banking], I became convinced there was an opportunity to create a set of technologies that would transform how banking gets done, and that was the genesis of 10x. 

“Technology allows you to do lots of things, but it’s only really worth doing if you are going to make things a lot better. Hence the name, 10x. We wanted to make things 10 times better, not just a little better.” 

Jenkins started 10x with a blank piece of paper on his dining room table. Many C-suite leaders of legacy businesses would be delighted to do the same. 

For the latest coverage and updates from Fortune CEO Forum, as well as insights into the companies on our list, visit this page.

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U.S. stocks opened lower Thursday as renewed Middle East tensions pushed oil prices and Treasury yields higher, reviving concerns about inflation, borrowing costs and corporate profit margins ahead of high-level U.S.-China talks.

At the opening bell, the Dow Jones Industrial Average fell 95.8 points, or 0.19%, to 51,415.75. The S&P 500 declined 39.0 points, or 0.51%, to 7,666.99, while the Nasdaq Composite dropped 201.5 points, or 0.75%, to 26,734.51.

In trading shortly after 10 a.m. ET, the Dow was down approximately 161 points, or 0.31%, at 51,350. The S&P 500 was down about 27 points, or 0.36%, at 7,679, and the Nasdaq was lower by roughly 150 points, or 0.56%, at 26,786. The figures show that the Dow weakened further after the opening, while the technology-heavy indexes recovered part of their initial losses.

The market’s immediate concern was energy. Brent crude rose about 2.4% to $105.52 a barrel, while West Texas Intermediate gained approximately 2.3% to $94.32. The increase reflected renewed uncertainty surrounding Iran, regional shipping and the Strait of Hormuz, a critical route for global oil and liquefied-natural-gas supplies.

Higher oil affects businesses well beyond the energy industry. It raises fuel expenses for airlines, trucking companies and delivery services while increasing manufacturing and agricultural costs. If the increase persists, those expenses can eventually reach consumers through higher prices.

Treasury yields added another source of pressure. The benchmark 10-year yield traded near 5.09%, while the 30-year yield reached approximately 5.40%, around its highest level since 2004. Those rates raise the cost of mortgages, corporate loans and government financing while making highly valued technology shares less attractive relative to bonds.

Major Market Movers

Technology shares were mixed after their recent artificial-intelligence rally. Nvidia fell about 1.4% and Marvell Technology declined approximately 1.8%, reflecting profit-taking and concern that elevated interest rates could limit the valuations investors are willing to assign to future AI earnings.

Meta Platforms rose roughly 2.3%, bucking the broader weakness as investors continued assessing the potential revenue opportunity from the company’s Muse artificial-intelligence assistant and newly introduced Meta Charm handheld device. Wall Street’s optimism toward Muse has increased following strong early adoption, although longer-term revenue projections remain analysts’ estimates rather than confirmed company results. reuters.com

Oracle dropped about 4.5% after a developing report said the company issued a force-majeure notice involving a New Mexico data-center project. Oracle had not publicly confirmed every reported detail at filing time, making this a developing corporate story rather than a fully established operational disclosure.

MGM Resorts International plunged approximately 10.4% after Barry Diller’s People Inc. withdrew an acquisition proposal, removing a potential takeover premium from the casino operator’s shares.

Darden Restaurants fell about 2.8% after the Olive Garden parent reported fiscal first-quarter sales and profit below market expectations. The decline reflects concern about restaurant demand and operating costs as households face higher fuel and financing expenses.

Amazon, Tesla and Apple also traded modestly lower, adding pressure to the major indexes.

Morning Economic Recap

The morning’s reports presented a mixed picture: layoffs remained limited, but the United States’ international financing gap widened.

Initial applications for unemployment benefits decreased by 1,000 to a seasonally adjusted 197,000 during the week ended Sept. 19. The prior week was revised to 198,000. The four-week average fell to 202,250, while continuing claims increased by 2,000 to 1.719 million. The figures indicate that employers are still avoiding widespread layoffs despite high interest rates. dol.gov

Separately, the U.S. current-account deficit widened by $33.4 billion, or 15.7%, to $246.0 billion in the second quarter. The revised first-quarter deficit was $212.6 billion. The shortfall increased to 3.0% of gross domestic product from 2.7%, showing that the country’s combined trade and international-income gap expanded during the quarter. bea.gov

The labor figures were firm enough to reinforce expectations that the Federal Reserve can keep interest rates elevated. Markets were assigning an increased probability to another quarter-point rate increase in October, particularly as oil threatens to add to inflation.

Key Business and Policy News

Investors are awaiting talks between President Donald Trump and Chinese President Xi Jinping. Trade, tariffs, artificial-intelligence regulation, Taiwan and Middle East security are expected to figure in the discussions. Any confirmed extension of the U.S.-China trade truce could help semiconductor companies, automakers, retailers and other businesses dependent on Chinese supply chains.

Federal Reserve commentary also remains important. New York Fed President John Williams indicated that another rate increase could be appropriate this year if inflation does not continue moving toward the central bank’s objective.

What to Watch

Oil is the clearest intraday risk. A sustained Brent move above $105 would increase pressure on transportation, consumer and manufacturing companies. Confirmed diplomatic progress involving Iran or the Strait of Hormuz could reverse part of the increase.

Treasury yields are the second test. If the 10-year yield holds above 5%, homebuilders, banks, commercial real estate and richly valued technology shares could remain under pressure.

Investors should also watch for confirmed announcements from the Trump-Xi talks, additional information from Oracle about its reported data-center disruption and whether Meta’s strength can help stabilize the broader AI sector. The market’s ability to recover from the opening decline will depend heavily on whether oil and yields stop climbing.

Verification: Index levels and changes were rechecked shortly after 10 a.m. ET on Sept. 24, 2026. Economic figures were verified against the U.S. Department of Labor and Bureau of Economic Analysis; market and corporate developments were cross-checked against Reuters reporting and live market data.

JBizNews Desk | Trenton, N.J.
© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

In the latest battle over access to medicines, an Indonesian court recently struck down a provision in a law that allowed so-called patent evergreening, a tactic used by drugmakers to file additional patents containing minor tweaks to existing medicines and, ultimately, forestall competition.

The decision, patient advocates say, sends an important message to other countries to challenge the industry practice.

The Constitutional Court ruled that a two-year-old amendment to a law, which had removed a prohibition on evergreening, was unconstitutional after deciding the original restriction is needed to balance the rights of patent holders with the broader public interest, particularly public health. The case had been brought by several patients and advocacy groups.

Continue to STAT+ to read the full story…

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During Sundar Pichai’s two-decade career with Google, he’s worked on many of the company’s major products including Google Chrome, Gmail, Google Maps, and Chromebook. In 2019, he became CEO of Alphabet, which currently has a market cap of more than $4 trillion, and its subsidiary Google. His current net worth is estimated at about $1.6 billion.

As one of the most powerful leaders in tech, Pichai reflected on how he got to where he is in his career. On a 2025 podcast by Podium VC, he said it took “a lot of luck along the way,” but added “it’s important to listen to your heart and see whether you actually enjoy doing it.”

While Pichai sits at the helm of one of the largest tech companies in the world, his path to the top wasn’t a completely smooth ride. His advice to young people who aspire to be in leadership positions like him someday is to surround themselves with people who outshine them.

“At various points in my life, I worked with people who I felt were better than me,” Pichai said. “Get yourself in a position where you’re working with people who you feel are stretching your abilities. [It’s] what helps you grow. [Put] yourself in uncomfortable situations. I think often you’ll surprise yourself.”

How did Sundar Pichai become CEO of Google? 

Pichai was born and raised in Chennai, India, to a father who was an electrical engineer and a mother who worked as a stenographer. They were considered to be a middle-class family; Pichai told Yahoo Finance he was fortunate to have grown up in a household where education was valued. 

He said he had minimal access to computers growing up—and even recalled being on a waitlist for five years to get a rotary phone. He said experiencing technology for the first time changed his life. 

“It was a vivid moment for me as to how access to technology can make a difference,” Pichai told Yahoo Finance, adding that his limited exposure to computers during childhood is something he’s carried with him throughout his career, serving as inspiration for the rollout of Chromebooks to students in the U.S.

Pichai moved to the U.S. in 1993 to earn his master’s degree in materials science from Stanford University in the heart of Silicon Valley. He briefly worked for a semiconductor materials company after graduating, but then went back to school to earn his MBA from the Wharton School at the University of Pennsylvania. Pichai had a brief stint at McKinsey & Co. after earning his MBA and landing at Google in 2004. 

“I think it’s tough to find things you love doing, but I think listening to your heart a bit more than your mind [helps] in terms of figuring out what you want to do,” Pichai said during the podcast. 

Reflecting on 20 years at Google in April 2024, Pichai said a lot had changed about the company since he first joined, like the technology, the number of people who use Google products, and his hair. 

“What hasn’t changed—the thrill I get from working at this amazing company,” Pichai wrote in an Instagram post. “20 years in, I’m still feeling lucky.”

A version of this story was published on Fortune.com on June 10, 2025.

This story was originally featured on Fortune.com

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Jodee Kozlak, a veteran of major multinational corporations, will join UnitedHealth this coming Monday to modernize and align the healthcare behemoth’s operations across its various businesses.

This post was originally published here. 

Bitcoin traders are heading toward one of the year’s biggest derivatives events, with nearly $16 billion worth of options set to expire Friday as the cryptocurrency trades roughly $10,000 above a key level watched by options traders.

About $15.9 billion of Bitcoin options are scheduled to expire on Deribit at 8 a.m. London time Friday, or 4 a.m. Eastern. Another roughly $2.1 billion of Ether options are scheduled to expire alongside them, bringing the combined cryptocurrency options settlement to approximately $18 billion.

The Bitcoin contracts alone represent about 37% of Deribit’s total Bitcoin options open interest, making Friday’s expiration large enough to potentially alter short-term trading dynamics after the contracts and the hedges associated with them disappear.

What a $16 Billion Expiry Actually Means

The headline number can sound more dramatic than it is.

Nearly $16 billion is not simply going to change hands Friday morning.

It represents the notional value of the Bitcoin underlying the expiring contracts. Deribit’s options are cash-settled, meaning profitable positions are settled financially rather than requiring billions of dollars worth of Bitcoin to physically change hands.

Still, the size matters because options dealers often buy and sell Bitcoin or related instruments to hedge their exposure.

When such a large group of contracts expires simultaneously, some of those hedges may no longer be necessary.

That can change the buying and selling forces influencing Bitcoin.

Bulls Hold the Bigger Hand

The expiring positions lean toward higher Bitcoin prices.

Approximately $9.4 billion of the expiring contracts are calls, which generally benefit from rising prices, compared with about $6.5 billion of puts, which provide downside exposure or protection.

That produces a put-to-call open-interest ratio of roughly 0.69 — about seven puts for every 10 calls.

Deribit CEO Luuk Strijers characterized the positioning as heavily geared toward higher prices, while noting that dealer hedging may have contributed to Bitcoin’s recent advance.

Bitcoin has been trading around the mid-$80,000 range ahead of the settlement.

At those prices, approximately 55% of the expiring call-option notional is already in the money, according to figures associated with the Deribit positioning.

Why Everyone Is Watching $75,000 to $76,000

Another number attracting attention is Bitcoin’s so-called maximum-pain price.

Deribit data places that level around $75,000 to $76,000 for Friday’s expiration.

Maximum pain is the theoretical price at which option buyers collectively suffer the greatest losses because the largest value of contracts expires worthless.

It is not a prediction of where Bitcoin will trade.

Some market participants believe dealer hedging can sometimes pull prices toward heavily populated options strikes as expiration approaches. But that relationship is debated, and large options expirations can occur without producing major moves in Bitcoin itself.

The important point this week is the gap.

Bitcoin has been trading roughly $10,000 above max pain, meaning the cryptocurrency would need to fall substantially before reaching that level.

$70,000 Is the Most Crowded Strike

The largest concentration of contracts sits around the $70,000 strike.

That level contains substantial call and put positions.

With Bitcoin currently well above $70,000, calls struck there are deeply profitable while puts at the same strike are far from profitable heading into expiration.

Other large call concentrations sit around $85,000, $90,000, $95,000 and $100,000, while downside protection is concentrated around $60,000, $70,000 and $75,000.

Those concentrations help explain why traders are paying such close attention to Bitcoin’s movements immediately before and after settlement.

The Bigger Test Comes After Expiration

Friday morning’s settlement may not itself produce Bitcoin’s biggest move.

What happens afterward could matter more.

Options dealers constantly adjust their hedges as Bitcoin moves. With such a large portion of open contracts disappearing at once, some of those hedging flows will disappear as well.

Strijers has said dealer hedging may have helped Bitcoin move through roughly the $80,000-to-$87,000 range and that the expiration could allow short-term volatility to increase as those positions reset.

That means the market could get a clearer look at how much underlying demand exists once the derivatives-related support changes.

Friday Has More Than Bitcoin on the Calendar

The options settlement will not happen in isolation.

U.S. durable-goods orders are scheduled for release at 8:30 a.m. Eastern, followed by the University of Michigan’s final September consumer-sentiment report at 10 a.m.

Those reports could influence expectations for interest rates, Treasury yields and the dollar — all of which can affect cryptocurrency markets.

Bitcoin traders will also be watching the scheduled settlement of CME Bitcoin futures.

That creates an unusually concentrated series of potential market catalysts within several hours.

Higher Interest Rates Remain a Headwind

Bitcoin’s resilience is also being tested against a difficult backdrop for speculative investments.

The Federal Reserve raised interest rates last week, while Treasury yields have risen and the U.S. dollar has strengthened.

Higher interest rates can make bonds, money-market funds and other lower-risk investments more attractive compared with assets such as Bitcoin that produce no interest themselves.

Bitcoin has nevertheless remained around the mid-$80,000 range ahead of Friday’s expiry.

What Investors Should Watch

The first number is Bitcoin’s price around the 8:00 UTC Deribit settlement.

The second is what happens afterward.

A large expiration does not automatically mean Bitcoin will rise or fall. What changes is the structure surrounding the market: billions of dollars of contracts disappear, dealer hedges are adjusted and traders establish new positions for later expirations.

That makes Friday less a prediction event than a reset.

With nearly $16 billion of Bitcoin options disappearing from Deribit’s books in a matter of minutes, traders will soon find out whether Bitcoin’s recent strength can survive once one of the largest options positions of the year is cleared away.

JBizNews Desk | Wall Street

© JBizNews.com All Rights Reserved. Reproduction or distribution without written permission is prohibited.

The IDF has cut its forces in southern Lebanon from eight brigades down to six, Army Radio reported on Thursday.

According to Army Radio, the IDF has recently pulled four brigades out of Lebanon, replacing them with only two. It has also released many reservist soldiers.

The four brigades that exited Lebanon were the Commando Brigade, the Golani Brigade, and two reservist brigades: the 55th Paratrooper Reservist Brigade and the 4th Armored Reservist Brigade.

In their stead, the 188th Armored Brigade and the Ground Forces Training School Brigade entered Lebanon and have taken positions across the border, Army Radio reported.

A military source told Army Radio that the reduction in forces was intended to ease the burden on the IDF’s manpower and specifically allow reservists to return home as conditions allow.

Former IDF commander warns against pulling out of Lebanon

Earlier this month, IDF Col. (res.) Oren Zini, former commander of the Tze’elim Training Base, warned against any future agreement that would force the IDF to withdraw from its positions in the Gaza Strip and Lebanon before completing its missions in an interview with 103FM.

“If we do not maintain our hold in these areas, the enemy will escape with its forces and munitions, and we won’t be taken seriously,” he said.

“We saw what happened when we left the security zone [in southern Lebanon]. Not everyone will like hearing this, but that year 2000 effort under Ehud Barak looked like one big retreat. I was there. We left equipment and weapons behind, and pulled out at the drop of a hat.”

103FM contributed to this report.

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Lawmakers in the Michigan House of Representatives have introduced a resolution urging the US government to back Israel’s right to statehood and take measures to prevent Hamas from eliminating the Jewish state on Tuesday.

House Resolution 372, introduced by Rep. Gina Johnsen and sponsored by Rep. Joseph Fox and Rep. Tim Kelly, is officially described as “A resolution to urge the United States government to take action to support Israel’s right to statehood and prevent Hamas and other groups from succeeding in their efforts to eliminate the only Jewish state, and to call on the Governor to review department policies to ensure they are not antisemitic.”

The resolution traces the historical context behind the measure, noting that “The Jewish people are native to the Land of Israel. However, throughout history and across the reign of multiple kingdoms, the Jewish people were persecuted and expelled from the Land of Israel, forced to live as minority diaspora communities in other lands.”

The text highlights that “This genocide provided new urgency to re-establish a Jewish homeland for the Jewish people, where they would not be a vulnerable minority, where they could freely practice their faith, and where something like the Holocaust could never happen again.”

Resolution labels threats to Israel’s existence as antisemitism

The measure further points out that once Israel was established, “other countries and terrorist entities continued to attack Israel, reject its right to exist, and call for its destruction,” while adding that the events of October 7 “demonstrate that Israel continues to face existential threats to this day.” 

The resolution emphasizes that “The State of Israel has a right to exist, and denying this is a form of antisemitism.”

The resolution stated that “When public officials use antisemitic rhetoric, it has harmful effects on the Jewish community and our broader society. The espousal or endorsement of such beliefs is anti democratic and contrary to the founding principles of our nation and the state of Michigan, and the use of such harmful language can be a precursor to further human rights abuses.”

The text formally requests that the state governor conduct a comprehensive review of department policies and administrative guidelines to ensure they remain entirely free from antisemitism.

Following its formal introduction on the House floor, the measure was referred directly to the House Committee on Government Operations for further review and committee consideration on Tuesday.

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The Beersheba District Court increased Guy Haddad’s sentence from five-and-a-half to seven-and-a-half years in prison for stealing five vehicles from Kibbutz Be’eri days after the October 7 massacre, ruling that the original punishment did not reflect the exceptional severity of the crimes.

In a decision handed down Wednesday and publicized Thursday, Judges Gilat Shalev, Itay Bresler-Gonen and Fani Gilat Cohen accepted the state’s appeal against the sentence, while rejecting Haddad’s appeal.

Haddad, the owner of a towing company, was convicted by the Beersheba Magistrate’s Court of conspiracy to commit a felony and five counts of vehicle theft following a full trial.

The court found that Haddad and another man used their work as volunteers at a logistics center established near Sde Yoav to help soldiers and residents of the Gaza border communities. That role gave them access to areas closed by the military after the Hamas attack.

On October 18 and 19, 2023, they entered Be’eri under the pretense of removing residents’ vehicles, loaded five vehicles onto tow trucks, and took them from the kibbutz. Some were later transferred to Palestinian Authority territory and could not be returned to their owners, according to the judgment. Fictitious sale documents were used for at least one vehicle.

NIS 25,000 fine and NIS 5,000 to each affected owner

The Magistrate’s Court sentenced Haddad to five-and-a-half years in prison, a suspended sentence and a NIS 25,000 fine. It also disqualified his driver’s license and ordered him to pay NIS 5,000 to each of the five vehicle owners.

Haddad argued on appeal that the evidence did not prove he had planned the thefts, that testimony against him was unreliable, and that he had received inadequate legal representation at trial. He also challenged the severity of his sentence.

The District Court rejected those arguments, saying that the trial court examined the evidence in detail and that there was no basis to overturn its factual findings or its assessment of the witnesses.

That evidence included testimony from the man who acted with Haddad, other volunteers, military and Shin Bet (Israel Security Agency) personnel, communications records and video footage. The judges said it established that Haddad had initiated and directed the thefts rather than merely carrying out towing work authorized by others.

The court also rejected Haddad’s claim that failures by his previous lawyer had undermined the trial. His former attorney told the appellate court that no additional witnesses whom the defense had wanted to call were left unheard, and the judges found no indication that different representation would have changed the result.

The prosecution argued that the original prison term was too lenient because Haddad had exploited both the access and the trust given to him as a volunteer.

The case was distinguished because it happened directly after Oct. 7

The District Court agreed, distinguishing the case from an ordinary vehicle theft, as the offenses were committed while Israel was still reeling from the October 7 attack, residents had been evacuated, and volunteers and security forces were working across the Gaza border area, the judges wrote.

They said the thefts harmed not only the vehicle owners but also the public trust on which emergency volunteer work depends. The court also pointed to the planning involved, the five vehicles taken over two days, and the fact that some could not be recovered.

The judges added two years to Haddad’s sentence, with credit for time already spent in custody. The suspended sentence, fine, license disqualification and compensation orders remain unchanged.

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Jonathan Karlinsky, an Israeli-Ukrainian hassid who was arrested while crossing the Ukraine-Romania border after Rosh Hashanah and drafted into the Ukrainian army, has been located at a detention facility near Odessa, the Federation of Jewish Communities of Ukraine (FJCU) announced on Thursday.

Karlinsky is currently awaiting transfer to a military base near the city of Kharkiv, where he is expected to serve as an army medic, several dozen kilometers away from the front lines where combat is actively taking place between Ukrainian and Russian forces.

After his location was ascertained, local rabbis, including those from Chabad, were able to assist in ensuring Karlinsky received kosher food, a prayer book, and the Arba Minim (Four Species) used on Sukkot.

Karlinsky also sent a video to his family in which he said he was in good condition and being treated fairly.

According to his family, “We tried to secure his release, but it wasn’t feasible. His medical expertise, combined with the Ukrainian army’s growing shortage of medical personnel, meant the army needed him immediately and could not let him go. Furthermore, he had previously served in the Ukrainian army – before becoming religious and immigrating to Israel – so, from their perspective, he belongs to them.”

Ukraine-Russia war is existential, FJCU chairman says

Rabbi Meir Stambler, Chairman of the FJCU, said that Ukraine was unable to provide exemptions to any potential soldiers due to the ongoing war with Russia.

“Ukraine is engaged in a very difficult war against an aggressive enemy that has been striking people, buildings, schools, hospitals, and more for nearly five years,” he said. “People are being killed every day, resulting in a severe shortage of manpower. Every Ukrainian citizen is needed here, so obtaining exemptions is impossible.”

Stambler drew a comparison to Israel’s wars with Hamas and Hezbollah, calling it an existential war.

At the same time, Stambler added, “Ukraine is doing everything it can, and we are deeply grateful for its consideration of the needs of all religions and every individual soldier. Karlinsky stated that, for religious reasons, he did not wish to carry a weapon; the authorities accommodated this request and assigned him to a medical role. Perhaps later on, we will be able to integrate him into the Ukrainian military rabbinate.”

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Iranian President Masoud Pezeshkian spoke at the UN General Assembly on Wednesday. It was a potentially momentous occasion. Nearby, according to reports, Iranian mediators headed by Foreign Minister Abbas Araghchi were in a meeting room and sending someone back and forth to speak to an American delegation.

Pezeshkian was aware that this was a chance to stand on the world stage and make Iran’s position clear. Channeling a well-known line from the series Game of Thrones, he said Iran would not “bend the knee.” It’s not clear whether he is a fan of the show and borrowed the phrase or whether it is a Persian saying.

Iran’s president knows that the US-Iran war is not popular in the United States. It is not popular in Iran either. He is aware that Parliament Speaker Mohammed Baqer Ghalibaf has supported talks with the US, but he also knows there are others in the Iranian leadership who want war.

While the United Nations is relatively friendly territory for Iran, Pezeshkian was also entering a lions’ den because – similar to the Irish commander Michael Collins entering into talks with the United Kingdom in 1921 – he risked becoming the fall guy back home.

Pezeshkian’s told the UN General Assembly US President Trump is ‘a bully’

“It must be understood by [US] President [Donald] Trump and those who seek to bully us that we are ready for dialogue and diplomacy and negotiations but without the language of force,” Pezeshkian said.

His speech was interpreted by commentators as demonstrating defiance.

“Masoud Pezeshkian turned the tables on Donald Trump, describing the US as the true bully and terrorist in the Middle East while insisting that Iran had always shown a commitment to the negotiating table,” The Guardian reported.

Trump had used bellicose language as he stood at the UN podium on Tuesday, threatening that Iran could be annihilated if it didn’t make a deal.

In response, Pezeshkian said: “The resistance of the Iranian people will only increase in the face of sanctions, increased pressure, increased bullying. It cannot be the case that everyone benefits from the Strait of Hormuz while we are denied access.”

“The US president described us as terrorists,” he said. “We have been the victims of terrorism.”

Pezeshkian held up a photo of former supreme leader Ali Khamenei, who was killed on February 28, along with photos of children killed during the war as the result of a strike on a primary school in Minab and a sports complex in Lamerd.

“Our innocent people have been the targets of cowardly attacks and aggressions imposed on our country,” he said. “And we defended ourselves with utmost strength.”

Defending Iran on the international stage while being attacked at home

Pezeshkian faced online pushback from Islamic Revolutionary Guard Corps (IRGC) members in Iran, while his supporters depicted him as holding up a shield and being shot in the back with arrows. He was considered to be defending Iran while being attacked at home.

Pezeshkian is not the first one to be put in this position. As noted, the Irish leader Collins was also attacked for defending his country and bringing home an agreement. He was subsequently killed in the Irish Civil War and accused of having let the British continue to control Northern Ireland.

Similarly, German officials were accused by Nazi forerunners of stabbing their country in the back in the 1920s.

In another analogy, Cherokee Treaty Party leaders were hunted down and murdered in 1839, four years after they agreed to a deal that caused the Cherokee to be forced westward by the US government.

At the UN General Assembly, Pezeshkian sought to be as defiant as possible to avoid being perceived by the IRGC generals as selling out Iran.

This post was originally published on here. 

Michigan Democratic Party senate candidate Abdul El-Sayed evaded an audience member’s direct request to unequivocally condemn the Iranian regime and the Islamic Revolutionary Guard Corps (IRGC) during a University of Michigan town hall event titled “Students vs. Billionaires” on Wednesday, at the Michigan Theater in Ann Arbor. 

The event was part of a statewide campus tour organized by More Perfect University to engage voters across Michigan.

During the speaking event an attendee wearing a Michigan Persians sweatshirt confronted El-Sayed regarding his past silence on the regime’s violent suppression of dissidents and protesters. The attendee specifically pointed to leaked audio from earlier in the year where El-Sayed allegedly stated he did not want to comment on the death of Iranian Supreme Leader Ayatollah Ali Khamenei because “there are a lot of people in Dearborn who are sad today.”

“My cousin was hunted in the streets of Iran by the IRGC because her hijab wasn’t on right,” the audience member stated at the event. “My uncle was sentenced to die, received 50 lashings by Ali Khamenei’s government.”

The questioner pressed El-Sayed to break his silence, asking if he regretted that silence and if he would denounce the IRGC. “I haven’t heard anything from you about the protesters, Abdul,” the audience member said. “That silence had a gaping hole in our community and I want to ask if you regret that silence, I want to ask if you renounce the people that held vigils, that supported this terrorist for all that he’s done. I wanted to ask if you stand unequivocally against the IRGC, against the Islamic Republic of Iran that has killed 50,000 protesters, Abdul, I haven’t heard anything from you about the protesters, Abdul, please.”

El-Sayed redirected the discussion to US military intervention in the Middle East

Responding to the inquiry during the town hall event, El-Sayed avoided condemning the IRGC directly and instead shifted the discussion toward foreign policy and military intervention, telling the crowd that “for too long and too often, when we think about our role in the world, we have turned ourselves into the world’s policeman.”

El-Sayed addressed the risks of foreign entanglements and regime change initiatives rather than addressing the audience member’s demand to oppose the Iranian military branch. “One can disagree with the governance of a foreign country, one can stand in solidarity with freedom and democracy movements, but my worry is one when one decides that we are going to go in and take out the leadership of a foreign government,” he said.

While stating that he stands with freedom and democracy movements, El-Sayed argued that foreign intervention often serves corporate interests regarding natural resources rather than supporting democratic outcomes. “I will always stand for and with democratic movements, always,” El-Sayed said. “But I also don’t believe that we were in the right to go to war to topple the government of Iran. It was not our responsibility to do it.”

As El-Sayed continued explaining his position on foreign leadership and military action, the audience member interrupted from the floor to point out that the candidate still had not directly answered the question regarding the IRGC, shouting, “You still haven’t said it though, we’re dying, the IRGC, do you stand with us?”

In response, El-Sayed reiterated his stance against foreign regime change efforts, telling the crowd that “the US has no, we should not be in the business of regime change,” while adding that “once you start putting our resources toward regime change in foreign countries, more often than not the regimes that we seek to change are the ones in which there is a natural resource interest and it becomes a ploy for the interest of our corporations and that’s what I worry about.”

This post was originally published on here.