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Democrats have close to 100 more House seats than Republicans among races called so far:228 Democrats, 139 Republicans, an 89-seat gap, with 68 seats still open. See the classroom guide and historical comparison.

Live race-by-race results from election night 2026, newest first. Each entry links to the full JBizNews race report. This post is updated as races are called.

See every race post in the Election Results 2026 archive

Democrats took control of the Texas state House, AP reports.

Will Lawrence wins Michigan’s 7th District, defeating Tom Barrett

2:05 p.m. ET

Democrat Will Lawrence defeated Republican incumbent Tom Barrett in Michigan’s 7th Congressional District, the Associated Press reported. AP called the race at 2:05 p.m. EST; Fox News also projected Lawrence’s victory. The result flips the Lansing-area seat to Democratic control, giving residents a new representative in the next Congress.

Tom Suozzi wins reelection in New York’s 3rd District

Added 2:41 p.m. ET

Democratic Rep. Tom Suozzi won reelection in New York’s 3rd Congressional District, the Associated Press reported. Fox News projected his victory over Republican Mike LiPetri. The result keeps the Nassau-and-Queens seat Democratic, with Suozzi continuing to represent the district in Washington.

Adam Gray wins reelection in California’s 13th District

Added 2:19 p.m. ET

Democratic Rep. Adam Gray defeated Republican Kevin Lincoln in California’s 13th Congressional District, the Associated Press reported; Fox News also reported the result. Gray secures a second term, keeping the district Democratic and continuing as its representative in Washington.

Randy Villegas wins California’s 22nd District, defeating David Valadao

1:18 p.m. ET

Democrat Randy Villegas won election to the U.S. House in California’s 22nd Congressional District, defeating Republican incumbent David Valadao, the Associated Press reported. The result flips the seat from Republican to Democratic control and gives district residents a new representative in the next Congress.

Sean McCann wins Michigan’s 4th District, defeating Bill Huizenga

1:13 p.m. ET

Democrat Sean McCann defeated Republican incumbent Bill Huizenga in Michigan’s 4th Congressional District, the Associated Press reported. AP called the race at 1:13 p.m. EST; Fox News also reported the result. The seat flips to Democratic control, giving southwest Michigan residents a new representative in the next Congress.

Angela Gonzales-Torres wins California’s 34th District

1:12 p.m. ET

Democrat Angela Gonzales-Torres defeated incumbent Rep. Jimmy Gomez in California’s 34th Congressional District, Fox News reported. The Los Angeles-area district will have a new representative in the next Congress. Both candidates are Democrats, as Ballotpedia identifies; this is not a party flip.

Marie Gluesenkamp Perez wins reelection in Washington’s 3rd District

1:04 p.m. ET

Democratic Rep. Marie Gluesenkamp Perez defeated Republican John Braun in Washington’s 3rd Congressional District, the Associated Press reported; Fox News also reported the result. She secures a third term, keeping the seat Democratic and continuing to represent southwest Washington in Congress.

Leticia Gutierrez wins Texas’s 9th Congressional District

1:02 p.m. ET

Democrat Leticia Gutierrez won Texas’s 9th Congressional District, Fox News reported. The Texas secretary of state’s results, with all polling locations reporting, show Gutierrez ahead of Republican Alex Mealer. The Houston-area district will have a new representative in the next Congress.

Christina Hines wins Michigan’s 10th District, flipping a Republican seat

12:26 p.m. ET

Democrat Christina Hines defeated Republican Michael Bouchard in Michigan’s 10th Congressional District. The Associated Press called the race at 12:26 p.m. EST; Fox News also reported the result, citing AP. The open seat was held by Republican John James, who ran for governor. Residents of the district will have a Democratic representative in the next Congress.

Dina Titus Projected to Win Reelection in Nevada's 1st District

6:41 a.m. ET

Dina Titus is projected to defeat Carrie Buck in Nevada’s 1st District. KTNV reports AP called the race. The result keeps the seat Democratic. Full results

Steven Horsford Projected to Win Reelection in Nevada's 4th District

6:40 a.m. ET

Steven Horsford is projected to defeat Cody Whipple in Nevada’s 4th District. KTNV reports AP called the race. The result keeps the seat Democratic. Full results

Joey Cohen-Saban Projected to Defeat Novakhov in Brooklyn Assembly Race

6:24 a.m. ET

Democrat Joey Cohen-Saban is projected to defeat incumbent Michael Novakhov in Brooklyn’s 45th Assembly District, according to Brooklyn Paper and City & State, citing unofficial city election results. Families in the district will have a new representative in Albany. Full results

Aaron Ford Projected to Defeat Lombardo, Become Nevada's First Black Governor

5:21 a.m. ET

Democrat Aaron Ford is projected to defeat Gov. Joe Lombardo, according to AP and NBC, flipping the governor’s office. Ford will be Nevada’s first Black governor. For Nevada families, the result means new state leadership and a change in the party running the governor’s office. Full results

Susie Lee Projected to Win Reelection in Nevada's 3rd District

4:58 a.m. ET

Democratic Rep. Susie Lee is projected to win reelection over Republican Marty O’Donnell, according to AP and NBC. Residents of Nevada’s 3rd District keep Lee as their representative in Washington. Full results

Becerra Wins California Governor Race, Becoming State's First Latino Governor Since 1875

4:31 a.m. ET

Democrat Xavier Becerra defeated Republican Steve Hilton, according to AP, NBC, CBS and Fox. He will succeed Gavin Newsom and become California’s first Latino governor since 1875. Full results

Democrats Break Through in Texas With Governor, Senate and Statewide Wins

4:27 a.m. ET

Texas Democrats won governor and U.S. Senate races, plus lieutenant governor and attorney general, AP reports. NBC and CBS also project Jon Rosenthal for railroad commissioner. Other statewide offices remained uncalled in NBC results. Full results

Pete Ricketts Projected to Win Reelection to Senate in Nebraska

3:32 a.m. ET

Republican Sen. Pete Ricketts is projected to win reelection in Nebraska over independent Dan Osborn, according to AP. The result keeps the seat in Republican hands. Full results

Richard Pan Projected to Win California's 6th District

3:23 a.m. ET

Democrat Richard Pan is projected to win California’s 6th District over Rep. Kevin Kiley, according to AP, CBS News and NBC News. Kiley, an independent who caucuses with Republicans, ran in the 6th after redistricting. Full results

Jim Pillen Projected to Win Reelection as Nebraska Governor

3:08 a.m. ET

Republican Gov. Jim Pillen is projected to win reelection in Nebraska. AP projected the result. Pillen’s reelection keeps the governor’s office in Republican hands. Full results

Kurt Alme Projected to Win Montana Senate Seat

3:08 a.m. ET

Republican Kurt Alme is projected to win election to the U.S. Senate from Montana. AP projected the result. Alme’s victory keeps the seat in Republican hands. Full results

Marcy Kaptur Projected to Win Reelection in Ohio's 9th District

3:04 a.m. ET

Democratic Rep. Marcy Kaptur is projected to win reelection in Ohio’s 9th District, according to AP, CBS News and NBC News. She defeated Republican Derek Merrin in a rematch. Full results

Abdul El-Sayed Projected to Defeat Mike Rogers in Michigan Senate Race

2:02 a.m. ET

The Fox News Decision Desk projects Democrat Abdul El-Sayed to defeat Republican Mike Rogers in Michigan. Other major desks had not confirmed the result in the sources reviewed. Full results

Mike McGuire Projected to Defeat James Gallagher in Redrawn California District, a Democratic Flip

1:55 a.m. ET

Democrat Mike McGuire is projected to defeat Republican Rep. James Gallagher in California’s redrawn 1st District. AP and NBC News called the race. A Democratic flip under new boundaries, not the old district Gallagher won in June. Full results

Marsha Blackburn Projected to Win Tennessee Governor, a Republican Hold

1:52 a.m. ET

Republican Marsha Blackburn is projected to defeat Democrat Jerri Green for Tennessee governor, succeeding term-limited Bill Lee. Fox News projection; Republican hold. Full results

Julia Letlow Projected to Win Louisiana Senate Seat, a Republican Hold

1:52 a.m. ET

Republican Julia Letlow is projected to defeat Democrat Jamie Davis for Louisiana’s Senate seat, succeeding Bill Cassidy. Fox News Decision Desk projection; Republican hold. Full results

Johnny Garcia Projected to Win Texas’s 35th Congressional District

1:51 a.m. ET

Democrat Johnny Garcia is projected to defeat Republican Carlos De La Cruz in Texas’s redrawn 35th District. AP called the race and NBC News projected Garcia the winner. Full results

Kristen McDonald Rivet Projected to Win Reelection in Michigan’s 8th District

1:42 a.m. ET

Democratic Rep. Kristen McDonald Rivet is projected to defeat Republican Thomas Smith in Michigan’s 8th District. Fox’s Michigan results page lists an AP call. Full results

Brian Poindexter Wins Ohio’s 7th District, Unseating Rep. Max Miller in Democratic Flip

1:35 a.m. ET

Democrat Brian Poindexter has won Ohio’s 7th Congressional District, unseating Republican Rep. Max Miller, who conceded, and flipping the seat. CBS News projected the result. Full results

Tommy Tuberville Projected to Defeat Doug Jones for Alabama Governor, a Republican Hold

1:27 a.m. ET

Republican Sen. Tommy Tuberville is projected to defeat Democrat Doug Jones for Alabama governor, the Fox News Decision Desk reported; other outlets had not called the race. Full results

Henry Cuellar Wins 12th Term in Texas’s 28th District, Defeating Tano Tijerina

1:24 a.m. ET

Democratic Rep. Henry Cuellar has won a 12th term in Texas’s 28th Congressional District, defeating Webb County Judge Tano Tijerina, the Associated Press reported. Full results

Katy Padilla Stout Wins Texas’s 23rd District, Flipping Seat as Brandon Herrera Concedes

1:23 a.m. ET

Democrat Katy Padilla Stout has won Texas’s 23rd Congressional District, defeating Republican Brandon Herrera, who conceded, and flipping a traditionally Republican border seat. The Associated Press called the race. Full results

Jocelyn Benson Projected to Defeat John James for Michigan Governor, Keeping Office in Democratic Hands

1:23 a.m. ET

Democrat Jocelyn Benson is projected to defeat Republican Rep. John James for Michigan governor, the Fox News Decision Desk reported; other outlets had not called the race. Full results

J.D. Ford Projected to Defeat Victoria Spartz in Indiana’s 5th District, a Democratic Flip

1:18 a.m. ET

Democrat J.D. Ford is projected to defeat Republican Rep. Victoria Spartz in Indiana’s 5th Congressional District, flipping the suburban Indianapolis seat, Fox News and NBC News projected. Full results

Rebecca Cooke Wins Wisconsin’s 3rd District, Flipping Seat as Derrick Van Orden Concedes

1:15 a.m. ET

Democrat Rebecca Cooke has won Wisconsin’s 3rd Congressional District, defeating Republican Rep. Derrick Van Orden, who called her to concede, and flipping the seat. The Associated Press and CBS News called the race. Full results

James Kingston Projected to Hold Georgia’s 1st District for Republicans, Defeating Amanda Hollowell

1:12 a.m. ET

Republican James Kingston is projected to win Georgia’s 1st Congressional District, defeating Democrat Amanda Hollowell and keeping Rep. Buddy Carter’s open seat in Republican hands, Fox News reported. Full results

Gabe Vasquez Projected to Win Reelection in New Mexico’s 2nd District, Defeating Greg Cunningham

1:08 a.m. ET

Democratic Rep. Gabe Vasquez is projected to win reelection to a third term in New Mexico’s 2nd Congressional District, defeating Republican Greg Cunningham. The Associated Press declared Vasquez the winner, and CBS News projected his victory. Full results

Mitchell Berman Projected to Flip Wisconsin’s 1st District, Defeating Bryan Steil

1:07 a.m. ET

Democrat Mitchell Berman is projected to defeat Republican Rep. Bryan Steil in Wisconsin’s 1st Congressional District, flipping a southeastern Wisconsin seat Republicans had held for more than three decades, Fox News reported. Full results

Bob Harvie Wins Pennsylvania’s 1st District, Unseating Brian Fitzpatrick in Democratic Flip

12:59 a.m. ET

Democrat Bob Harvie won Pennsylvania’s 1st Congressional District on Tuesday, defeating Republican Rep. Brian Fitzpatrick and flipping the suburban Philadelphia seat. The Associated Press, NBC News, CBS News and Fox News each projected Harvie’s victory. Fitzpatrick had not conceded as of early Wednesday. Full results

Bobby Pulido Projected to Flip Texas’s 15th District, Defeating Monica De La Cruz

12:54 a.m. ET

Democrat Bobby Pulido is projected to flip Texas’s 15th Congressional District, defeating Republican Rep. Monica De La Cruz in a closely watched South Texas race. Full results

Ilhan Omar Wins Fifth Term in Minnesota’s 5th District

12:52 a.m. ET

Democratic Rep. Ilhan Omar won reelection to a fifth term in Minnesota’s 5th Congressional District on Tuesday, defeating Republican John Nagel and independent DeVelle Jackson. The Associated Press called the race, and CBS News projected her victory. Full results

Matt Little Projected to Win Minnesota’s 2nd District, Keeping Seat in Democratic Hands

12:47 a.m. ET

Democrat Matt Little is projected to win Minnesota’s 2nd Congressional District, defeating Republican Eric Pratt and keeping the seat in Democratic hands, according to a projection by Fox News. Full results

Phil Scott Wins Sixth Term as Vermont Governor; Amanda Janoo Concedes

12:44 a.m. ET

Republican Gov. Phil Scott won a sixth term leading Vermont on Tuesday, defeating Democrat Amanda Janoo. Janoo conceded the race Tuesday night, NBC5 reported. NBC News projected Scott the winner, and Fox News also reported his reelection. Full results

Shomari Figures Wins Reelection in Alabama’s 2nd District, Defeating Rhett Marques Under Redrawn Map

12:42 a.m. ET

Democratic Rep. Shomari Figures won reelection to a second term in Alabama’s 2nd Congressional District on Tuesday, defeating Republican state Rep. Rhett Marques, according to the Associated Press. Full results

Tina Kotek Projected to Win Reelection as Oregon Governor, Defeating Christine Drazan in Rematch

12:38 a.m. ET

Democrat Tina Kotek is projected to win reelection as Oregon’s governor, defeating Republican state Sen. Christine Drazan in a rematch of their 2022 contest, according to a projection by Fox News. Full results

Christina Bohannan Projected to Flip Iowa’s 1st District

12:30 a.m. ET

Democrat Christina Bohannan is projected to defeat Republican Rep. Mariannette Miller-Meeks in Iowa’s 1st Congressional District, according to NBC News and the Fox News Decision Desk. Full results

Troy Jackson Defeats Susan Collins in Maine Senate Race as Collins Concedes

12:29 a.m. ET

Democrat Troy Jackson defeated Republican Sen. Susan Collins in Maine’s U.S. Senate election after Collins conceded the race Tuesday night and called Jackson to congratulate him. Full results

Laura Gillen Wins Reelection in New York’s 4th District

12:24 a.m. ET

Democratic Rep. Laura Gillen won a second term in New York’s 4th Congressional District, defeating Republican Jeanine Driscoll, according to Long Island Press and the New York Post. Gillen, a Rockville Centre attorney and former Hempstead town supervisor, campaigned on affordability and tax relief. Full results

Peggy Flanagan Wins Minnesota Senate Race as Michele Tafoya Concedes

12:24 a.m. ET

Democrat Peggy Flanagan won Minnesota’s U.S. Senate election on Tuesday, defeating Republican Michele Tafoya, who conceded the race. Full results

Amy Klobuchar Wins Minnesota Governor Race

12:23 a.m. ET

Democratic Sen. Amy Klobuchar is projected to defeat Republican state House Speaker Lisa Demuth in Minnesota’s governor election, according to NBC News. Full results

Denise Powell Wins Nebraska’s 2nd District, Flipping Open House Seat

12:23 a.m. ET

Democrat Denise Powell defeated Republican Brinker Harding in Nebraska’s 2nd Congressional District, flipping the open Republican-held seat, Nebraska Examiner reported. Full results

Josh Gottheimer Reelected to Sixth Term in New Jersey’s 5th District

12:22 a.m. ET

Democratic Rep. Josh Gottheimer won reelection to a sixth term in New Jersey’s 5th Congressional District, defeating Republican Sean Kirrane, New Jersey Monitor reported, citing The Associated Press. NBC News also called Gottheimer the winner. Full results

David Crowley Wins Wisconsin Governor Race, Becoming State’s First Black Governor

12:08 a.m. ET

Democrat David Crowley won Wisconsin’s governor election, defeating Republican U.S. Rep. Tom Tiffany, according to NBC News and the Fox News Decision Desk. Full results

Hannah Pingree Wins Maine Governor Race

12:08 a.m. ET

Democrat Hannah Pingree won Maine’s governor election, defeating Republican Bobby Charles and independent Rick Bennett, according to Fox News. Full results

Josh Green Projected to Win Second Term as Hawaii Governor

12:08 a.m. ET

Democratic Gov. Josh Green is projected to win a second term in Hawaii, defeating Republican businessman Gary Cordery, according to the Fox News Decision Desk. Full results

Letitia James Projected to Win Third Term as New York Attorney General

11:56 p.m. ET

Democrat Letitia James is projected to win a third term as New York attorney general, defeating Republican challenger Saritha Komatireddy, Spectrum News reported Tuesday night. The Times Union and WRGB also reported her third-term victory. Full results

Rob Sand Wins Iowa Governor Race

11:56 p.m. ET

Democrat Rob Sand defeated Republican Zach Lahn in Iowa’s governor election, according to CBS News and the Fox News Decision Desk. Full results

Cait Conley Wins New York’s 17th District as Mike Lawler Concedes

11:54 p.m. ET

Republican Rep. Mike Lawler conceded New York’s 17th Congressional District race to Democrat Cait Conley on Tuesday night, FOX 5 New York reported. Full results

Josh Turek Wins Iowa Senate Race

11:52 p.m. ET

Democrat Josh Turek defeated Republican Rep. Ashley Hinson in Iowa’s U.S. Senate election, according to The Associated Press and the Fox News Decision Desk. Full results

Barry Moore Projected to Win Alabama Senate Race

11:52 p.m. ET

Republican Rep. Barry Moore is projected to defeat Democrat Everett Wess in Alabama’s U.S. Senate election, keeping the seat in Republican hands, according to the Fox News Decision Desk and NBC News. Full results

Larry Rhoden Projected to Win Full Term as South Dakota Governor

11:41 p.m. ET

Republican Gov. Larry Rhoden is projected to defeat Democrat Dan Ahlers in South Dakota’s governor election, Fox News projects. Full results

Mike Rounds Projected to Win South Dakota Senate Reelection

11:41 p.m. ET

Republican Sen. Mike Rounds is projected to defeat independent challenger Brian Bengs in South Dakota’s U.S. Senate election, the Fox News Decision Desk reported Tuesday night. Full results

Katie Hobbs Projected to Win Arizona Governor Reelection

11:32 p.m. ET

Democratic Gov. Katie Hobbs is projected to defeat Republican Rep. Andy Biggs in Arizona’s governor race, CBS News projects. The Fox News Decision Desk also projected Hobbs’s reelection. Full results

Adam Hamilton Wins Kansas Senate Race

11:32 p.m. ET

Democrat Adam Hamilton defeated Republican Sen. Roger Marshall in Kansas’s U.S. Senate race, the Fox News Decision Desk reported Tuesday night. Full results

Sherrod Brown Wins Ohio Senate Special Election

11:31 p.m. ET

Democrat Sherrod Brown defeated Republican Sen. Jon Husted in Ohio’s U.S. Senate special election, NBC News reported. The Fox News Decision Desk also called Brown’s victory. Full results

Kelly Ayotte Projected to Win New Hampshire Governor Reelection

11:17 p.m. ET

Republican Gov. Kelly Ayotte is projected to defeat Democratic challenger Cinde Warmington in New Hampshire’s governor race, the Fox News Decision Desk reported Tuesday night. Full results

Harriet Hageman Wins Wyoming Senate Seat

11:17 p.m. ET

Republican Rep. Harriet Hageman defeated Democrat James Byrd in Wyoming’s U.S. Senate race, the Fox News Decision Desk reported Tuesday night. Full results

Gina Hinojosa Wins Texas Governor Race, Defeating Greg Abbott

11:16 p.m. ET

Democrat Gina Hinojosa defeated Republican Gov. Greg Abbott in the Texas governor’s race, according to The Associated Press, NBC News and CBS News. The Texas Tribune, republished by Click2Houston, reported that Abbott conceded at 10 p.m. Tuesday. Full results

James Talarico Wins Texas Senate Seat

11:16 p.m. ET

Democrat James Talarico defeated Republican Ken Paxton in the Texas U.S. Senate race, flipping the seat to Democrats, according to the Fox News Decision Desk. CBS News and NBC News also called Talarico’s victory Tuesday night. Full results

Cognetti and Stelson Projected to Flip Two Pennsylvania House Seats

11:03 p.m. ET

Democrats Paige Cognetti and Janelle Stelson are projected to defeat Republican incumbents in two Pennsylvania congressional races Tuesday night, flipping the state’s 8th and 10th District seats, Fox News reported. Full results

Amy Acton Wins Ohio Governor Race

11:03 p.m. ET

Democrat Amy Acton defeated Republican Vivek Ramaswamy in Ohio’s race for governor, with Ramaswamy conceding Tuesday night. The Fox News Decision Desk reported Tuesday night. Full results

Tom Cotton Projected to Win Arkansas Senate Reelection

10:47 p.m. ET

Republican Sen. Tom Cotton has won reelection in Arkansas, defeating Democratic challenger Hallie Shoffner, the Fox News Decision Desk projects. Full results

Deb Haaland Projected to Win New Mexico Governor Race

10:47 p.m. ET

Democrat Deb Haaland has won New Mexico’s race for governor, defeating Republican Gregg Hull, the Fox News Decision Desk projects. Full results

Eric Barlow Projected to Win Wyoming Governor Race

10:43 p.m. ET

Republican Eric Barlow has won Wyoming’s race for governor, defeating Democrat Kenneth Casner, the Fox News Decision Desk projects. Full results

Bob Brooks Wins Pennsylvania House Seat

10:43 p.m. ET

Democrat Bob Brooks has won Pennsylvania’s 7th Congressional District, defeating Republican Rep. Ryan Mackenzie and flipping the seat to Democratic control, according to Fox News’ election-night reporting and the NBC News Decision Desk’s call. Full results

Mrvan Projected to Hold Indiana Seat; Dembo Projected to Flip Kentucky District

10:30 p.m. ET

Democratic Rep. Frank Mrvan is projected to win reelection in Indiana’s 1st Congressional District, while Democrat Zach Dembo is projected to flip Kentucky’s 6th District, according to Fox News’ election-night reporting. Full results

Democrats Flip Colorado and New Jersey House Seats; Shaheen and Avila Chevalier Win

10:17 p.m. ET

Democrats are projected to flip Republican-held House seats in Colorado and New Jersey, while Stefany Shaheen is projected to keep New Hampshire’s 1st District in Democratic hands and Darializa Avila Chevalier is projected to win New York’s 13th District, according to CBS News’ election-night coverage. Full results

Annie Andrews Projected to Flip South Carolina Senate Seat

10:14 p.m. ET

Democrat Annie Andrews has won South Carolina’s U.S. Senate race, defeating Republican Sen. Graham and flipping the seat to Democratic control, NBC News projects. The Fox News Decision Desk also projects an Andrews victory. Full results

Sanders, Deluzio and Hagerty Projected to Win New Terms; Hern Projected to Win Oklahoma Senate Seat

10:00 p.m. ET

Republican Gov. Sarah Huckabee Sanders is projected to win a second term in Arkansas, Democratic Rep. Chris Deluzio is projected to retain Pennsylvania’s 17th Congressional District, Republican Rep. Kevin Hern is projected to win Oklahoma’s Senate race, and Republican Sen. Bill Hagerty is projected to win reelection in Tennessee, according to Fox News’ election-night coverage. Full results

Jewish Attorney General Phil Weiser Wins Colorado Governor’s Race

9:46 p.m. ET

Phil Weiser, Colorado’s Jewish attorney general, has won the state’s race for governor, defeating Republican Victor Marx, Fox News reported. Full results

Keisha Lance Bottoms Flips Georgia Governor’s Office

9:42 p.m. ET

Democrat Keisha Lance Bottoms has won Georgia’s race for governor, defeating Republican Rick Jackson and flipping the office from Republican control, the Fox News Decision Desk reported. Full results

Lamont Wins Third Term as Connecticut Governor

9:33 p.m. ET

Democratic Gov. Ned Lamont has won a third term as Connecticut governor, defeating Republican state Sen. Ryan Fazio, Fox News reports. Full results

Florida and New York Governor Races Stay With Incumbent Parties

9:31 p.m. ET

Florida and New York kept their governor’s offices with the parties that already hold them: Republicans in Florida and Democrats in New York. The outcomes preserve party control even though one state is choosing a new governor while the other is returning its incumbent. In Florida, NBC News reports Republican Byron Donalds defeated Democrat David Jolly. Full results

Jeremy Moss Projected to Win Michigan House Seat

9:28 p.m. ET

Democrat Jeremy Moss has won Michigan’s 11th Congressional District, the Associated Press projects, according to the AP race call listed on Fox News’ Michigan results page Tuesday night. Full results

Ocasio-Cortez and Jeffries Projected to Win New York House Races

9:28 p.m. ET

Democratic Reps. Alexandria Ocasio-Cortez and Hakeem Jeffries have won reelection in their New York districts, Fox News reported Tuesday night. Full results

Byron Donalds Wins Florida Governor’s Race

9:15 p.m. ET

Republican Byron Donalds won Florida’s race for governor over Democrat David Jolly, according to the NBC News Decision Desk. Full results

Claire Valdez Projected to Win New York House Seat

9:15 p.m. ET

Democrat Claire Valdez has won New York’s 7th Congressional District, NBC News projects, defeating Republican Melvin Rivera and independent Priscilla Ghaznavi. Full results

Hickenlooper Holds Colorado Senate Seat; Ager Flips North Carolina House District

9:14 p.m. ET

Democratic Sen. John Hickenlooper won a second term in Colorado, while Democrat Jamie Ager is projected to flip North Carolina’s 11th Congressional District, Fox News reported Tuesday night. Full results

Andy Barr Projected to Win Kentucky Senate Race

9:14 p.m. ET

Republican Rep. Andy Barr is projected to win Kentucky’s U.S. Senate race against Democrat Charles Booker, the Fox News Decision Desk reported Tuesday night. Full results

Hochul Wins New York Governor’s Race

9:13 p.m. ET

Democratic Gov. Kathy Hochul won reelection in New York over Republican Bruce Blakeman, the Fox News Decision Desk reported Tuesday night. Full results

Foulkes Wins Rhode Island Governor’s Race

8:53 p.m. ET

Democrat Helena Foulkes has won Rhode Island’s race for governor, the Associated Press reports. The result keeps the governor’s office in Democratic hands. Read the AP race call via WTOP. Full results

Bell Wins Second Term in Missouri; Dandiya and Gimenez Win Florida House Races

8:52 p.m. ET

Democratic Rep. Wesley Bell has won a second term in Missouri’s 1st Congressional District, the Associated Press reports. AP also reports that Democrat Pia Dandiya won Florida’s 22nd District and Republican Rep. Carlos Gimenez won the state’s 28th District. Full results

Rabb Wins Philadelphia House Seat; Castor Wins Redrawn Florida District

8:40 p.m. ET

Democrat Chris Rabb has won Pennsylvania’s 3rd Congressional District, The Philadelphia Inquirer reports, confirming an earlier Fox News projection. Democratic Rep. Kathy Castor has won Florida’s 14th District, the Associated Press reports. Both seats remain in Democratic hands. Full results

Moody Wins Florida Special Senate Race Over Nixon

8:40 p.m. ET

Republican Sen. Ashley Moody has won Florida’s special U.S. Senate election over Democrat Angie Nixon, the Associated Press reports. The seat remains in Republican hands. Read the AP race call via WTOP. Full results

Cooper Flips North Carolina Senate Seat, Defeating Whatley

8:40 p.m. ET

Democrat Roy Cooper has won North Carolina’s U.S. Senate race over Republican Michael Whatley, the Associated Press reports, flipping the seat held by retiring Republican Sen. Thom Tillis. Read the AP race call via WTOP. Full results

Democrats Hold Senate Seats in Delaware, Rhode Island and Massachusetts

8:28 p.m. ET

Democrats have won Senate races in Delaware, Rhode Island and Massachusetts, while Democratic governors in Massachusetts, Maryland and Illinois have won reelection, the Associated Press reports. Full results

Pappas Defeats Sununu in New Hampshire Senate Race

8:26 p.m. ET

Democratic Rep. Chris Pappas has won New Hampshire’s U.S. Senate race, defeating Republican John E. Sununu, the Associated Press reports. Read the AP race call via WTOP. Full results

Booker Wins Third Full Senate Term in New Jersey

8:26 p.m. ET

Democratic Sen. Cory Booker has won reelection in New Jersey, the Associated Press reports. He returns for a third full term. Read the AP race call via WTOP. Full results

Shapiro Wins Second Term as Pennsylvania Governor

8:25 p.m. ET

Democratic Gov. Josh Shapiro has won a second term in Pennsylvania over Republican Stacy Garrity, the Associated Press reports. Read the AP race call via WTOP. Full results

Ossoff Wins Reelection to Georgia Senate Seat, Defeating Mike Collins

8:24 p.m. ET

Democratic Sen. Jon Ossoff has won reelection in Georgia, defeating Republican Rep. Mike Collins, the Associated Press reports. The result keeps the seat in Democratic hands. Read the AP race call via WTOP. Full results

Race calls above are media projections, reported concessions or race calls as stated in each linked report. A media race call is not election certification.

JBizNews Desk | Washington

© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

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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

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IBM corporate headquarters in Armonk, New York, in an August3,2010 archive photograph. Cropped; CC BY2.0.

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Mark Hillary / Wikimedia Commons / CC BY 2.0

IBM is ending U.S. visa and green-card sponsorship for the majority of roles that have used such sponsorship in IBM Consulting, narrowing an immigration-support practice the company says has already been declining for years.

“IBM Consulting participates in U.S. high-skilled visa programs to address skill shortages,” an IBM spokesperson said in a statement Tuesday. “That participation has been declining for a number of years and as skill availability and client need have evolved, we have opted to discontinue visa and green card sponsorship for the majority of such roles in IBM Consulting.”

The statement concerns the consulting business and the majority of the relevant sponsorship roles. It does not announce an end to sponsorship for every IBM job or every position across the company.

IBM’s stated reason is a change in skill availability and client needs, alongside a decline in the consulting unit’s participation in high-skilled visa programs over several years. The statement does not quantify how many positions or employees are affected.

IBM describes its consulting business as a global professional-services operation with more than 150,000 consultants serving clients in more than 175 countries. That worldwide workforce figure is not a count of U.S. visa holders or people affected by the sponsorship decision.

The business provides services including strategy, technology consulting, systems implementation and managed services. The sponsorship change addresses how the unit supports immigration applications for relevant U.S. roles; it is not, by itself, an announced layoff total.

The spokesperson’s statement does not give an exact effective date, list exceptions or explain how individual pending cases and existing immigration statuses will be handled. It should not be read as establishing a uniform outcome for every employee who has previously received sponsorship.

JBizNews Desk | Business & Economy

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U.S. Treasury building in an August12,2012 archive photograph by Rchuon24. Cropped; CC BY-SA3.0.

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Rchuon24 / Wikimedia Commons / CC BY-SA 3.0

NEW YORK – The benchmark 10-year U.S. Treasury yield was above 5% at midday Tuesday, adding pressure to borrowing costs as investors assessed inflation and the outlook for Federal Reserve interest-rate increases.

Tradeweb market data showed the yield at 5.019% at 12:25 p.m. Eastern time on November 10, compared with a previous close of 4.862%. That is an increase of 15.7 basis points. A basis point is one-hundredth of a percentage point.

A separate Cboe 10-year Treasury index data display showed 5.01 at 12:13:14 p.m. Eastern time, with a day’s range of 4.90 to 5.02. The readings are from different timestamps and should not be treated as simultaneous quotes.

The observations confirm that the benchmark was trading above 5% around midday. They do not establish the exact time it first crossed that level, and they are intraday market-data readings, not an official Treasury daily yield-curve release.

Bond prices move in the opposite direction to yields. A rise in the benchmark yield means investors are demanding a higher return to hold the debt. Treasury yields also help shape the pricing of mortgages, corporate borrowing and other long-term financing, although individual loan rates do not move one-for-one with the benchmark.

The midday level marks a further development from JBizNews’s earlier market-opening report. The morning report remains a snapshot of conditions at that time; Tuesday’s new yield readings are a separate update.

The inflation and rate-policy debate remained in focus. In remarks Tuesday morning, Dallas Federal Reserve President Lorie Logan said October’s Consumer Price Index had come in higher than expected and raised concern that personal consumption expenditures inflation could also rise when those data arrive.

Logan reiterated her support for at least two more quarter-point rate increases and said it might be possible to move more rapidly this winter than the FOMC had moved so far this fall. Those are her views, not a new FOMC decision or a promise of a particular December increase.

The yield readings do not show how much of the move was attributable to any one data release or policymaker’s remarks. Intraday prices and yields can change quickly; the figures above are tied to their stated observation times, not a closing-market report.

JBizNews Desk | Markets & Economy

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Oura, the smart ring maker that just over a month ago delayed plans to go public over market uncertainty, announced on Tuesday that it will spend $625 million to acquire Counsel Health, a clinical artificial intelligence startup.

Counsel Health is the maker of a chatbot that users can talk with about health concerns before being transferred to a clinician for treatment and diagnosis over telehealth. The company had previously disclosed $36 million in funding. 

The large transaction reflects a growing desire to connect consumer wearable devices to clinical care as well as the conviction that AI chatbots will be an important part of health care.

Continue to STAT+ to read the full story…

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You’re reading the web edition of STAT’s Health Tech newsletter, our guide to how technology is transforming the life sciences. Sign up to get it delivered in your inbox every Tuesday and Thursday.

Good morning health tech readers!

A week from tomorrow I’ll be on stage with a panel of physician leaders from ARPA-H, Verily, and Whoop during our event, STAT at HLTH in Las Vegas. Join us. 

Continue to STAT+ to read the full story…

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AI lab Anthropic has launched the roadshow for its long-awaited initial public offering. The company announced a price range of $70 to $78 a share, a range that would value the AI lab at up to $1.4 trillion on a fully diluted basis, but is well short of the $2 trillion that some news outlets had reported just weeks ago. Anthropic filed confidentially in June and made its prospectus public on Oct. 26. SpaceX, which listed in June, had sought a valuation of about $1.75 trillion. Trading in Anthropic shares could start as early as Wednesday or Thursday next week.

Anthropic is selling 825 million shares on the Nasdaq under the ticker “ANT,” which would raise up to $64.4 billion at the top of the range. Seven strategic partners, including Google and Nvidia, have also agreed to buy $26 billion of non-voting stock at the IPO price.

Tuesday’s amended filing adds that Anthropic’s annualized revenue run rate reached about $81 billion as of the end of October, up from roughly $71 billion in late September.

The IPO has landed at a difficult time for the broader AI industry. Following the Democrats’ major gains in the midterms, the AI sector has faced a sharp sell-off as fears over stricter regulation and tougher scrutiny, especially around the data center buildout, have spooked investors. The Nasdaq fell 5.5% last week and erased nearly $2.5 trillion in market value in a single session, as some analysts warned the market was tipping into correction territory.

Instability at Nvidia, one of Anthropic’s key strategic partners, has added to the market jitters. The chipmaker’s shares closed down more than 4% on Monday after the company’s board opened an independent investigation in the wake of reports that CEO Jensen Huang had been the target of a Chinese intelligence-gathering effort, after he was romantically linked to a woman named Alice Huang. She served as an executive at Singapore-based cloud computing and data center company Megaspeed, and U.S. intelligence agents believe her to be to an asset of China’s main intelligence agency. Beijing has called the accusations baseless while Nvidia has said Jensen Huang fully supports the review.

The market nerves around the midterms and Nvidia’s future add to earlier fears—often voiced by Anthropic—about the safety, and potential existential risk, of the AI systems the labs are building.

Anthropic’s prospectus also carries a fresh warning about the company’s progress toward recursive self-improvement (RSI)—the point at which AI systems become capable enough to substantially build their own successors, with each generation speeding up development of the next. RSI has been a long-held safety concern because that feedback loop could, in theory, push AI capabilities forward faster than humans can test, understand, or control them. Anthropic’s filing acknowledges the risk, warning that using AI to build more capable AI “could also pose a considerable safety risk, particularly if it sharply accelerates the pace of progress.”

In a new amendment, Anthropic said internal estimates about future models indicate it “may imminently meet” its Responsible Scaling Policy’s definition of “dramatically accelerated progress attributable to AI.” The policy pegs that threshold at roughly a doubling in the pace of AI progress, driven substantially by AI automating research. Anthropic said no current model has crossed it and that it is considering policy changes “to keep humans in control of frontier model development.”

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AI lab Anthropic has launched the roadshow for its long-awaited initial public offering. The company announced a price range of $70 to $78 a share, a range that would value the AI lab at up to $1.4 trillion on a fully diluted basis, but is well short of the $2 trillion that some news outlets had reported just weeks ago. Anthropic filed confidentially in June and made its prospectus public on Oct. 26. SpaceX, which listed in June, had sought a valuation of about $1.75 trillion. Trading in Anthropic shares could start as early as Wednesday or Thursday next week.

Anthropic is selling 825 million shares on the Nasdaq under the ticker “ANT,” which would raise up to $64.4 billion at the top of the range. Seven strategic partners, including Google and Nvidia, have also agreed to buy $26 billion of non-voting stock at the IPO price.

Tuesday’s amended filing adds that Anthropic’s annualized revenue run rate reached about $81 billion as of the end of October, up from roughly $71 billion in late September.

The IPO has landed at a difficult time for the broader AI industry. Following the Democrats’ major gains in the midterms, the AI sector has faced a sharp sell-off as fears over stricter regulation and tougher scrutiny, especially around the data center buildout, have spooked investors. The Nasdaq fell 5.5% last week and erased nearly $2.5 trillion in market value in a single session, as some analysts warned the market was tipping into correction territory.

Instability at Nvidia, one of Anthropic’s key strategic partners, has added to the market jitters. The chipmaker’s shares closed down more than 4% on Monday after the company’s board opened an independent investigation in the wake of reports that CEO Jensen Huang had been the target of a Chinese intelligence-gathering effort, after he was romantically linked to a woman named Alice Huang. She served as an executive at Singapore-based cloud computing and data center company Megaspeed, and U.S. intelligence agents believe her to be to an asset of China’s main intelligence agency. Beijing has called the accusations baseless while Nvidia has said Jensen Huang fully supports the review.

The market nerves around the midterms and Nvidia’s future add to earlier fears—often voiced by Anthropic—about the safety, and potential existential risk, of the AI systems the labs are building.

Anthropic’s prospectus also carries a fresh warning about the company’s progress toward recursive self-improvement (RSI)—the point at which AI systems become capable enough to substantially build their own successors, with each generation speeding up development of the next. RSI has been a long-held safety concern because that feedback loop could, in theory, push AI capabilities forward faster than humans can test, understand, or control them. Anthropic’s filing acknowledges the risk, warning that using AI to build more capable AI “could also pose a considerable safety risk, particularly if it sharply accelerates the pace of progress.”

In a new amendment, Anthropic said internal estimates about future models indicate it “may imminently meet” its Responsible Scaling Policy’s definition of “dramatically accelerated progress attributable to AI.” The policy pegs that threshold at roughly a doubling in the pace of AI progress, driven substantially by AI automating research. Anthropic said no current model has crossed it and that it is considering policy changes “to keep humans in control of frontier model development.”

This story was originally featured on Fortune.com

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The CEO of Taiwanese memory maker Team Group says the global memory chip shortage is about to get worse, to the point where “even money can’t buy goods.”

Speaking on the company’s third-quarter earnings call on Nov. 2, CEO Gerry Chen (Chen Ching-wen) said the most severe stretch will run from now through the end of the second quarter of 2027, according to a BigGo Finance report. He sees “no downward price trend whatsoever” next year and doesn’t expect supply and demand to balance until the second half of 2028 at the earliest.

The warning reaches well beyond memory makers. The DRAM and NAND flash chips that go into AI servers also go into PCs, smartphones, and cars, and AI buyers are winning the bidding war. That leaves device makers choosing among higher prices, thinner margins, and fewer units.

AI servers are absorbing most of the world’s memory

Chen said AI servers and enterprise applications are taking most DRAM output. The industry’s biggest suppliers, Samsung, SK Hynix, and Micron, have shifted capacity toward the high-bandwidth memory used in AI chips, leaving less conventional memory for consumer devices, as Fortune reported earlier this year.

The money behind that demand is enormous. A recent Stateline analysis called data centers “the largest financial bet in US history.”

The shift shows up in Team Group’s own business. Business-to-business sales made up 64.6% of revenue in the first three quarters of 2026, up from 24.6% a year earlier. Chen attributed the change to market demand rather than a strategic decision by the company.

DDR5 prices are up more than fivefold in a year

Contract prices for a 16-gigabit DDR5 chip rose from $8.70 in October 2025 to $48 in September 2026, according to figures cited on the call. That is more than five times the price of a year earlier.

For Team Group, the squeeze has been a windfall. Third-quarter revenue hit a record NT$10.14 billion (about $312 million), up nearly 34% from the prior quarter. Net profit reached NT$3.62 billion (about $111 million), and gross margin climbed to 49.3% from 42.8% in the second quarter.

Device makers sit on the other side of that trade. Apple has reportedly cut component orders for its iPhone 18 Pro models after raising their starting prices by $100, and IDC expects global smartphone shipments to fall 16.7% this year. Consumers are likely to keep absorbing the cost, through pricier PCs and phones or through machines that ship with less memory at the same price.

Contracts no longer guarantee supply

The most striking part of Chen’s warning is that money and supplier relationships may not be enough. “We have contracts but can’t get enough volume, so we have to go to the spot market and pay a premium to grab supply,” he said, according to Tom’s Hardware. He put the gap between spot and contract prices at 30% to 50%.

New capacity will arrive slowly. Team Group’s new plant in New Taipei City is slated to begin production in the second quarter of 2027. SK Hynix said last month that the shortage will last until 2030, with long-term agreements already covering more than half of its capacity for 2027 and 2028. Harvard Business School professor Willy Shih expects new fabs to reach volume production only in late 2027 or 2028, and has warned that memory booms have always ended once that supply arrives.

What the Nvidia probe could mean for memory supply

The investigation into Nvidia CEO Jensen Huang adds a new variable. Nvidia’s board said on Nov. 8 that it would open an independent probe into Huang’s affair with Megaspeed executive Alice Huang, who is suspected of spying for China and is no relation. President Trump has since said the FBI is “looking into” the matter.

So far, the scandal has not directly touched memory supply. Nvidia, No. 16 on the 2026 Fortune 500, relies on Samsung and SK Hynix for the advanced memory in its AI accelerators, so the exposure runs through export policy. If Washington responds by tightening AI chip controls on China, Korean memory makers could face stricter end-user checks that raise compliance costs and delay shipments, the Korea Herald reported.

Even then, the effect on the broader shortage may be limited. South Korea’s government expects deliveries under existing contracts to continue without disruption, and Hanwha Investment & Securities analyst Park Se-yeon cautioned against tying Huang’s personal controversy directly to Korean chipmakers’ outlook, according to Korea JoongAng Daily.

The next signals arrive quickly: Nvidia reports third-quarter earnings on Nov. 17, and three House committee chairs have requested a closed-door briefing on the case for Nov. 18. For memory buyers, though, Chen’s outlook rests on a simpler problem. “How can prices fall when there’s nothing left?” he said.

This story was originally featured on Fortune.com

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Sports has never been bigger—team valuations are skyrocketing, fanbases are diehard, and the money in the industry is growing faster than it has before. Now Bilt, the online rewards platform, wants to make going to a sporting event about more than just what happens in the stadium.

The company is expanding what it calls a “neighborhood operating system,” allowing teams and local businesses to connect with fans through personalized rewards, loyalty programs, and AI according to a press release Tuesday.

The expansion is another step in Bilt’s effort to move beyond its origins as a rent-rewards platform and become an operating system for local commerce—under the proposed system, local restaurants and small businesses can use Bilt’s platform to pair with sports teams and drive local traffic through personalized rewards. The company has already partnered with multiple professional sports teams to make it happen—including the Phoenix Mercury, Phoenix Suns, Houston Comets, Houston Rockets, Houston Texans, Sacramento Kings, and Chicago Bears.

“We think of it as expanding game day into the neighborhood,” Bilt founder and CEO Ankur Jain told Fortune. Teams could offer fans restaurant reservations before games, transportation to stadiums and watch parties at nearby businesses—alongside exclusive discounts and other benefits, he said.

Bilt is also bringing sponsors into the equation. Jain described an arrangement with Constellation Brands, the company behind Corona, in which fans participating in a team’s loyalty program could receive a complimentary round of the beer at a local bar if their team wins. The sponsor would fund the offer directly through Bilt and the bar’s point-of-sale system without needing access to individual customers’ private information, Jain explained.

No better time than now

As pro sports have expanded past television screens in the modern day, they’ve become a source of community: fans congregating at sports bars, stadium tailgates, and camaraderie.

According to S&P Global Market Intelligence’s 2026 Consumer Insights survey in July, approximately 74% of Americans watch live sports. Of those fans, 53% of Americans watch the NFL or college football, 36% watch baseball or basketball, and 20% watch hockey.

And that large fanbase means larger commercial opportunities that can extend past ticket sales. Sports teams have created opportunities to monetize their audiences through merchandise, sponsorships, memberships, and experiences past game day.

The global sports market generated an estimated $463 billion in revenue in 2024 and is projected to reach $610 billion by 2028, according to a 2024 study from investment bank Houlihan Lokey. Sports-related travel alone generated $111.2 billion in direct spending in the U.S. in 2025 as 339 million people traveled to attend sporting events, according to the Sports Events and Tourism Association’s 2026 State of the Industry Report.

According to Deloitte’s 2026 Global Sports Industry Outlook, AI and changing ownership models converged with sports, media, and entertainment as major forces shaping the industry—which is “inclusive of leagues, teams, federations, mega-events, media partners, investors, and more,” according to the report. The firm highlighted the importance of sports venues as year-round commercial destinations.

“AI has outgrown its role as a trick play,” the report read. “For many sports organizations, it’s becoming a whole new game plan. Moving into 2026 and beyond, sports organizations looking to compete shouldn’t ignore AI.”

Leveraging AI for small businesses

The rollout of the new platform also impacts small businesses, according to Bilt. Jain said AI is an integral part of making the system work, especially for small businesses that struggle to manage multiple software platforms.

Bilt’s “Neighborhood OS” is at the center of the new system that rewards users for visiting local businesses, an AI-powered platform helps local businesses attract customers, build loyalty, and grow without replacing their existing systems—“designed to unlock” a $6.6 trillion opportunity in “local commerce.” According to Bilt, approximately $6.6 trillion of annual U.S. retail and food-services spending occurs in person.

Bilt’s AI Agents have completed more than 2 million real-world actions across more than 29,000 businesses, with 91% completed without human intervention in the past 30 days, according to the company. In one example, Jain described a restaurant potentially using Bilt’s system to recognize returning customers, identify previous orders, provide special offers, and combine existing software into one app.

“To me, the way a lot of these technology companies are looking at AI, they’re all talking about digitizing everything and taking away jobs and living online,” Jain said. “But our belief is that the biggest beneficiaries of it will be small businesses who can now use AI to help them run their fragmented business.”

This story was originally featured on Fortune.com

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Sylvester Stallone first played Rocky Balboa 50 years ago this month. Now Anthony Ippolito is playing Stallone in I Play Rocky, a movie about the making of the original that began life without the studio that owns the franchise.

Directed by Peter Farrelly, the film follows Stallone’s hardscrabble push to write Rocky and his insistence on playing the title role himself. It premiered at the Toronto International Film Festival in September, where it was first runner-up for the People’s Choice Award.

It is also the first film from the Rocky universe to come together entirely under Amazon’s ownership, giving Amazon MGM Studios a fresh way to introduce one of its marquee franchises to a new generation. According to screenwriter Peter Gamble, that payoff is exactly why rival studios passed on it.

How a $1 million underdog became a $1.9 billion franchise

Rocky opened in November 1976, earned 10 Academy Award nominations, and won three, including Best Picture. It grossed about $117 million at the domestic box office. Along with The Godfather, Jaws, and Star Wars, it is often credited with kicking off Hollywood’s blockbuster era of entertaining, grandiose, myth-affirming movies that sparked billion-dollar franchises.

Five sequels followed between 1979 and 2006, then the Creed spinoff trilogy, plus merchandise from action figures to mobile games. For a roughly $1 million movie about a fighter going the distance, Rocky has stayed relevant across generations: the nine films have grossed about $948 million domestically and $1.9 billion worldwide, according to The Numbers.

That library is a big part of what Amazon bought when it agreed to pay $8.45 billion for MGM, home to both Rocky and James Bond. The deal closed in 2022, and MGM now sits inside Amazon MGM Studios. Its parent has since become No. 1 on the 2026 Fortune 500, ending Walmart’s 13-year run at the top.

The franchise has already paid off once for its new owner. Creed III opened to $58.7 million in March 2023, and it held the record for Amazon’s best opening since the MGM deal until Project Hail Mary topped it this year. But Creed III was already in production when the acquisition closed.

A spec script that still needed MGM

I Play Rocky was developed without the studio. Gamble wrote the script on spec; it landed on the Black List, then reached producers Christian Baha and Toby Emmerich and director Farrelly. In 2024, they took it to the Marché du Film at Cannes to court financiers, choosing the independent route over studio financing.

“Technically you can tell a story about Stallone because he’s a public figure, and technically you can show scenes from the film as long as you comment on the scenes,” Gamble told Fortune. “So in theory, you don’t need the rights to Rocky to make this movie, but just because something is technically true doesn’t mean that it’s the smartest thing to do.”

Dramatizing the making of Rocky might have been protected as fair use, but some of the original’s iconography, such as Bill Conti’s unmistakable theme, “Gonna Fly Now,” would have been difficult and expensive to include without MGM’s cooperation. Copyright law is not an exact science, and every reference to the original film would have put the production on a treacherous line.

Distribution posed the same problem, since a movie about the origins of one studio’s franchise was a hard sell to everyone else. “We tried to go to the different studios, but the studios had the problem of ‘If we make this story, it’s going to be advertising another studio’s franchise,’” Gamble explained. “They were kind of like, ‘We don’t know if that’s really the risk we want to take because a lot of the reward goes to someone else. This is really an Amazon MGM project.’”

Introducing Rocky to a new generation

Amazon MGM signed on to distribute the film in 2025, before cameras rolled, which cleared I Play Rocky to borrow from the franchise. The finished film uses Conti’s theme and recreates exact shots from the original.

If it works, the film delivers exactly what rival studios feared: a new generation of Rocky fans for Amazon. It has been nearly 20 years since the last Rocky movie, 2006’s Rocky Balboa, and 11 since Creed hit theaters.

The early numbers are encouraging. I Play Rocky opened on seven screens on Nov. 6 and grossed about $345,000, roughly $49,300 per screen, according to The Numbers. It goes wide on Nov. 20, as Rocky enters its sixth decade.

This story was originally featured on Fortune.com

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The Israel Nature and Parks Authority (INPA) has renewed its warning against diving and snorkeling near sharks gathering off the coast of Hadera, as the marine predators return to the waters surrounding the city’s power plant for their annual winter aggregation.

The authority emphasized that swimming is prohibited in the area and that entering the water poses significant risks due to strong currents and whirlpools created by the power plant’s warm-water discharge. Fishing equipment, including loose hooks and fishing lines, also presents a danger to divers and swimmers.

Dozens of sharks gather near Hadera power plant each winter

Sharks gather near the Hadera power plant annually between November and May, with the group typically numbering several dozen individuals.

However, the INPA stressed that the sharks are not confined to the power plant area and have also been observed at other beaches along Israel’s coast.

Drone view sharks swimming off the shore of Hadera, Israel, April 17, 2021 (credit: SHUTTERSTOCK)

The public has therefore been urged to avoid approaching sharks while diving or snorkeling at other beaches.

The authority warned that shark encounters are unpredictable and cannot be controlled. In April 2025, an encounter between a shark and a person who entered the water near Hadera ended in a fatality.

Sharks are protected species under Israeli law

The INPA reminded the public that sharks are protected wildlife in Israel and that harming, harassing, or feeding them is prohibited by law.

Violations of these restrictions can result in criminal penalties.

Two shark species are known to gather off Israel’s coast: dusky sharks and sandbar sharks.

In Israeli waters, dusky sharks can reach about three meters in length and weigh up to 150 kilograms, while sandbar sharks typically reach about two meters and weigh about 70 kilograms.

Sandbar sharks are endangered in the Mediterranean Sea, while insufficient data are available to determine the conservation status of the region’s dusky shark population.

Researchers examine why sharks gather in Hadera’s warm waters

So far, research findings suggest that sharks travel to Hadera to rest and warm themselves in the water discharged by the power plant.

The warmer temperatures may help accelerate physiological processes, including digestion and reproductive functions.

“Shark populations in the Mediterranean Sea have declined significantly due to overfishing and accidental capture in fishing operations,” said Yigal Ben Ari, head of the INPA’s Marine Unit.

“Sometimes sharks that are accidentally caught are thrown back into the sea dying or already dead,” he explained.

Ben Ari emphasized that sharks are protected in Israel and play a crucial role in maintaining healthy marine ecosystems.

“As predators, they reduce the number of weaker and slower animals in the ecosystem, thereby strengthening other species and the marine environment as a whole,” he said.

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UN aid sent to victims of the coastal massacre and Alawites displaced by sectarian violence in Syria is being redirected to the same Sunni militias responsible for the attacks, some of which are affiliated with the new Sharaa regime, several displaced families told The Jerusalem Post.

Sharing photos of armed gangs patrolling UN aid distribution points, as well as posts by SARC aid workers that supported the massacre of ethnic and religious minorities in Syria, a Syrian source said the situation was becoming increasingly desperate.

The Post was asked not to share images taken inside and around aid sites, as the individuals feared being identified and targeted for speaking to Israeli media.

SARC is one of several major Syrian organizations responsible for distributing UN aid in the country. The source claimed that, by relying on an organization biased against Alawites, whose aid workers had expressed support for massacres, international organizations were failing both to ensure that aid reached its intended recipients and to ensure that displaced communities could safely access the resources they needed.

R., speaking on behalf of her family and two other families she shared a two-room apartment with in rural Hama after being displaced by the attacks in Latakia.

Aid cargo at the IHC warehouse destined for Syria (credit: IHC)

Alawites accused of Assad affiliation  

She said that her family had been told by their community leader to register at the SARC center to receive assistance with mattresses and blankets. However, when she arrived at the center, gangs and individuals wearing Amn al-Aam (Syrian General Security) uniforms accused them of being remnants of the former regime and denied them aid. R. insisted that neither she nor her family members had served in or been affiliated with the Assad regime in any way.

“We went to the center, and then when we entered the center of the SARC plant, [we] saw the army of Jolani (Sharaa)… They started to tell [us] that, ‘You are Alawites, you are, you are linked to the old regime, you are criminals,’ and these kinds of things,” she recounted. “So even though we registered our name and the staff told us, ‘We will call you to come and take some assistance,’ after a while, the UN with the SARC, they came to the community, and they started to distribute to the Bedouins who actually looted and stole the houses, and not for the Alawites.”

She said that both her family and their neighbors saw their names replaced on the list of aid recipients with those of local militias or people whose family members were affiliated with SARC, a claim the source said they had also observed.

R. said that her family had submitted multiple complaints to UNHCR, though the agency did not confirm whether it had received the complaints in its response to the Post.

A UNHCR spokesperson said that they did not have information about specific complaints but that anyone with concerns about possible misconduct by UNHCR staff or associated entities should contact the agency’s Inspector General’s Office.

The spokesperson added that UNHCR’s non-food item assistance in Syria was distributed according to assessed humanitarian needs and established eligibility criteria, without distinction based on religious, ethnic, or other community affiliations.

“Our aid has reached diverse communities across Lattakia and Tartous, irrespective of their religious, ethnic, or any other backgrounds; these include IDPs and returnees (both refugees and IDPs), as well as Syrian households affected by emergencies,” the spokesperson said, adding that aid recipients were identified through assessments, household visits, and eligibility verification, with distribution lists checked for duplication and implementation monitored through field visits and recipient feedback. 

Any concerns identified through these processes were reviewed and cross-checked to ensure adherence to humanitarian principles, they continued.

Alawites faced increasing persecution, massacres following fall of Assad

The Assad family was ethnically Alawite, as were many of the soldiers who served in the military before Damascus fell to Ahmed al-Sharaa’s Hay’at Tahrir al-Sham in December 2024. Since then, Syria’s ethnic and religious minorities have faced continued persecution and large-scale massacres.

A UN investigative team confirmed last year that war crimes were likely committed by members of both the interim government’s forces and other parties during the coastal massacre in March 2025, which resulted in the deaths of around 1,400 people, the majority of whom were Alawite civilians. 

R. had witnessed the violence, and her cousin was killed during the attacks.

“A year ago, the entire village was looted, and some of their neighbors actually had their houses burned completely. So they were forced to leave the entire village they used to live in, and the Bedouins actually came to take it,” she said, explaining that militias forced her to flee again after she arrived in Hama, where they burned and looted more homes.

UNHCR, SARC complicit in violence, Alawite Syrian says

T. began his interview with the Post by swearing that he had never had any connection to the Assad regime. During a video call last week, he also showed the reporter the rough bandages wrapped around his foot, which had been shot while he attempted to flee the massacre in Jableh, Latakia, and reach a Russian military base for safety.

“All the old people who are disabled, they couldn’t move… These people who were unable to walk… they stayed in the houses while we saw that they were killed,” he said. “They actually were not able to move or to be displaced, so they were killed. And I was injured.”

He said that he had personally witnessed his community hand over all its weapons, only months before militias wearing the country’s official military uniforms began the attacks.

T. said he believed that UNHCR and SARC were complicit in the violence, describing how aid delivered to his neighborhood in front of cameras was allegedly stolen by the same militias that shot him just two hours after the delegations had left.

He described the aid distribution efforts as little more than a photo opportunity, saying that the lack of protection around distribution sites had cost his family dearly. T. said that his paternal uncle was killed while attempting to collect UN aid in town.

“They brought Bedouins in front of the cameras under the United Nations. They started to distribute some food to the Bedouins…, and later on, they gave all the assistance to those Bedouins. So, in front of the United Nations, they were giving to other people,” he said. “We have not received anything from the UN or the SARC, and my family and our neighbors were attacked.”

T. also said that he had registered for aid with the UN under the guidance of Latakia’s Al Mukhtar (local governor), but had not received any assistance.

“The current situation is very bad. Alawites who worked in government, including doctors and other employees, were kicked out of their jobs. We are now jobless and have no money. Not only that, but they looted our houses, burned our land, and cut down our olive trees,” he said.

“They destroyed everything we had to eat or earn a living from. All of this happened in front of the entire world. International reporters and television networks documented everything, but they did nothing.”

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It has been 1,131 days since October 7. Hamas continues to control all 2 million civilians in Gaza, as it did prior to the massacre.

Today, Hamas controls around 30 percent of Gaza, and all the civilians have been forced to move to this small area it governs.

The US-backed ceasefire and peace plan of October 2025 envisioned having an international force in Gaza with a technocratic committee running the enclave. However, Israel’s elections and the Iran war have postponed most progress in Gaza.

On Monday, the Board of Peace, created as part of the peace plan, posted a statement about the winter conditions in the enclave. It said that there had been severe flooding in Gaza.

This has harmed tens of thousands of people who are stuck in tents. “These people were already living in precarious conditions, exposed to cold and unsafe conditions,” the board noted.

A displacement camp stretches across the coastline in Gaza City, Gaza Strip on November 7, 2026. Heavy rain from the first winter storm of the season flooded displacement camps across the Gaza Strip, leaving many families exposed to wet conditions and shortages of adequate shelter.  (credit: Hassan Salem/Middle East Images/AFP via Getty Images)

BoP enables humanitarian aid, says it’s not enough

Meanwhile, the board says that it has been enabling humanitarian aid to enter Gaza, but warned that “the gains are not enough. They must be protected and accelerated.”

It noted that it has urged the Israeli government to authorize the entry of essential materials for temporary shelter. The statement also said Hamas should lay down its arms.

In other words, the Board of Peace believes Israel’s response is insufficient. It said that the “time for assurances without implementation has passed.” It argued that the civilians in Gaza “cannot afford continued inaction.”

The challenge in Gaza is that most of these problems were well known. A year ago, the peace and ceasefire plan was new. Hamas was still handing over the bodies of hostages.

By January 2026, the US had received backing from the UN for the peace plan. There was also the US Central Command-backed Civil-Military Coordination Center in Kiryat Gat that was helping with the logistics of humanitarian aid entering Gaza. A lot seemed to be working well.

High hopes at the time envisioned the International Stabilization Force (ISF) coming into being in the spring of 2026. Around five countries were believed to be committed, and more were expected to agree.

However, the beginning of the Iran war in February 2026 appeared to put some of these plans on hold, or at least slow them down. Kosovo and Albania did send a handful of personnel to examine how they might deploy forces. The US supported a new logistics center near the Gaza border. The basic elements of the next steps were in place by the summer of 2026.

However, that summer saw another round of postponements for what might come next. Ostensibly, this was because of Israel’s elections. The theory was that the governing coalition couldn’t be pressured to do anything because it wouldn’t want to appear “soft” on Hamas.

The governing coalition’s policy prior to October 7, 2023, had been to transfer cash to Hamas as part of the theory that paying Hamas would “deter” it from war. After the terrorist organization’s invasion, there was a brief period of unity in Israel when the rhetoric in Jerusalem argued that Hamas was similar to ISIS and that there wouldn’t be Hamas in Gaza after the war.

However, that narrative changed by 2024, shifting to a mission of degrading Hamas’s “military and governance” capabilities.

Essentially, Hamas would remain but be weakened, similar to the “mowing the grass” concept before October 7. From that point onward, any suggestion of a “day after” plan or enabling civilians in Gaza to move to civilian “bubbles” or “pilot zones” where they would be free of Hamas was shelved. There would be no possibility of civilians leaving the Hamas area.

Most of Hamas military command killed

It should be noted that by the fall of 2024, most Hamas commanders had been killed. This included almost all Hamas platoon, company, battalion, and brigade commanders.

By 2025, some of Hamas’s commanders had been replaced, but the new faces were killed off as well.

Nevertheless, even a weakened Hamas continued to recruit. The IDF tactic in Gaza was to call on civilians to leave areas so that Hamas and the civilians would then leave an area and the IDF would conquer it.

This happened up to seven times in some cases. In Zeitoun in Gaza, for instance, the IDF conquered the area seven times. In other places such as Jabalya, the IDF captured it at least three times. Over the course of the war, the IDF began to raze many of the areas in Gaza, systematically destroying most of the homes.

The result was that the civilians all had to move to an area around the central refugee camps in Gaza. Perhaps a million civilians had moved several times during the war.

They had to evacuate Gaza City when the war began and move to southern Gaza. Then they had to move back north when the IDF went into Khan Yunis and Rafah in 2024.

Then they had to leave the north again in the fall of 2024. Then, in March, they had to leave southern Gaza again, and in August and September, they had to leave Gaza City again.

This led to Hamas basically moving around Gaza, from the north to the south, to the center, to the north again, to the south again, and then to the center again.

The result when the ceasefire deal began in October 2025 was that Hamas continued to control the central refugee camps area and parts of western Gaza. The IDF controlled the rest. This was about half of Gaza.

Since the ceasefire, the IDF has expanded its control, overseeing around 70% of Gaza. Anyone who leaves the Hamas zone is viewed as a possible terrorist. Civilians have no way to leave.

The plans envisioned by the Trump administration and the Board of Peace, such as deploying the ISF and reconstruction, have not materialized. It seems that Washington may be waiting to see the results of the Israeli elections. The Trump administration also has its own issues after the US midterms.

The result for people in Gaza is that they are in limbo. Israel does not seem ready to work with any kind of technocratic committee. No real progress is being made. Progress is plausible in the future, but it will require commitments from various countries.

Hamas has said it has agreed to some ceasefire and peace-deal concepts. However, it is unclear how it can be disarmed. The IDF does not want to go into the rest of Gaza and try to disarm around 10,000 Hamas gunmen hiding among 2 million people.

That seems an impossible task. Armored and infantry brigades are not good at disarming a few fighters hiding among civilians. It is an impossible task.

On the other hand, letting civilians leave the Hamas area could deprive Hamas of its ability to “swim” amongst the civilians.

This worked in the Mosul operation, enabling the defeat of ISIS. In fact, historically, this is how wars are won. Civilians can leave the area, and the enemy is defeated.

Various concepts in Gaza that envisioned a different scenario have not panned out. For a while in 2025, there was talk of “militias” running part of Gaza. The militias proved a failure. They didn’t help civilians. This is because militias usually act like a mafia, and mafias aren’t good at creating the conditions for civilian life to thrive.

The current situation is that there is no initiative to create an area for civilians to live free of Hamas. This has the result of leaving them all under Hamas rule, just as it was before October 7.

The Board of Peace wants to see change. However, it will also need to give its activities teeth, such as deploying the ISF and rebuilding parts of Gaza to show what the future can look like.

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Commentary
I don’t know about you, but I am glad the midterm elections are over, since, in my opinion, the importance of the election was overhyped, even though this was a landmark Democratic sweep. This election delivered two years of “gridlock,” which Wall Street prefers, historically. Also, the Trump administration front-loaded its agenda in the first two years, so this leadership change in the House and Senate should not derail Trump’s agenda on energy, AI, and other important drivers of U.S. economic growth. Even if there are (and will be) a lot of Congressional hearings on AI, I am not expecting growth to be impaired….
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Federal Reserve Bank of Dallas headquarters in an October 2009 archive photograph, not the Houston conference. Cropped; CC BY 3.0.

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Andreas Praefcke / Wikimedia Commons / CC BY 3.0

HOUSTON – Dallas Federal Reserve President Lorie Logan said Tuesday that interest-rate increases could proceed faster this winter after October’s consumer inflation report came in higher than she expected, adding a new warning about the pace of tightening to her existing call for at least two more quarter-point hikes.

In remarks at a Houston energy conference, Logan said the October Consumer Price Index raised concern that the Fed’s preferred inflation measure could also move higher when those data arrive.

“The Consumer Price Index for October came out this morning. It was higher than expected. I am concerned that PCE inflation could rise when we receive those data for October in a couple of weeks,” she said.

The PCE price index measures personal consumption expenditures. Logan noted that overall PCE inflation was 3.6% over the year through September, while core PCE inflation, excluding food and energy, was 3.1%. The Fed targets 2% inflation as measured by the overall PCE index.

Logan reiterated that the Federal Open Market Committee needs at least two more 25-basis-point increases, followed by a possible pause to assess economic and financial conditions. That two-hike position is not new: she made it in October 30 remarks, which JBizNews covered at the time.

Tuesday’s remarks added a more explicit possibility of a faster winter pace.

“The exact pace of increases could depend on the near-term economic and financial environment. It may be possible to move more rapidly this winter than the FOMC has moved so far this fall,” Logan said.

Her comments describe her own policy view, not an FOMC decision. They do not announce a December half-point increase or commit the committee to a particular timetable.

Logan estimated that the federal funds target range is at least 50 basis points, or half a percentage point, below the level needed to create modest restraint and begin bringing the inflation trend back toward target. That is her assessment of the gap in policy restraint, not the size of an announced next move.

She argued that price pressures extend beyond energy and tariff-sensitive goods into services such as healthcare, childcare, dining and hotels. She described economic growth as strong and the labor market as near maximum employment, saying accommodative policy is adding to inflationary pressure.

The FOMC raised its target range by a quarter point in September and held it steady in October. Logan said financial-market volatility had supported a more gradual approach, but skipping one meeting did not change her view of the destination.

After two more increases, she said, a pause could allow officials to examine developments and decide whether further action is needed. She also said she would change her policy views if the outlook and risks changed.

The speech was delivered at the Dallas and Kansas City Feds’ joint energy conference at the Dallas Fed’s Houston branch. It was scheduled as the morning keynote, not a midday announcement.

JBizNews Desk | Economy & Markets

© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

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Medication storage shelves and dispensing equipment at the University Hospital Münster pharmacy in a June 2015 archive photograph. Not the recalled lot. Cropped; CC BY-SA 3.0.

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UKM Elisabeth Deiters-Keul / Wikimedia Commons / CC BY-SA 3.0

EAST WINDSOR, N.J. – Eugia US LLC is recalling one lot of vancomycin hydrochloride for injection nationwide after a glass particle was found inside a vial, according to a company notice listed by the Food and Drug Administration.

The recall applies to lot 3VM26026A of the 1.25-gram product in 30-milliliter single-dose vials, with an expiration date of JUL 2028. It does not cover all vancomycin products.

Eugia, based in East Windsor and formerly known as Auro Medics Pharma LLC, announced the voluntary recall on November 6. The FDA’s drug-recall listing carries a November 9 posting date. The affected lot was shipped to wholesalers nationwide from September 2 through September 15, 2026.

The vial label carries National Drug Code 55150-471-01; the carton carries 55150-471-10. The recall extends to the hospital, healthcare facility and user level.

In its recall notice, Eugia warned that glass particles in an injected product can cause blood-vessel blockage and clotting, a pulmonary embolism, permanent organ damage or death. The notice also lists possible local vein irritation, inflammatory reactions, worsening of existing infections and allergic reactions. Neonates, infants and patients with compromised organ function may be more susceptible.

Those are stated risks, not reported outcomes from this recall. Eugia said in the November 6 announcement that it had received no reports of adverse events related to the recall.

The company told wholesalers, hospitals, pharmacies, institutions and doctors holding the affected lot to stop using it and quarantine it immediately. Facilities that redistributed the lot should notify receiving accounts and locations. Eugia is arranging returns or replacements.

Vancomycin hydrochloride for injection is an antibacterial used to treat certain serious infections in adults and children. Consumers who have experienced problems that may be related to this product should contact their physician or healthcare provider, the notice says.

For medical questions or adverse-event reports, Eugia lists 1-866-850-2876, option 2, Monday through Friday, 8 a.m. to 5 p.m. Eastern time. Questions about returns can go to Qualanex at 1-800-505-9291, Monday through Friday, 7 a.m. to 4 p.m. Central time.

JBizNews Desk | Health

© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

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Ocusell and other vendors say MLS specific fields, compliance and duplicate licensing costs could slow adoption

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Similar estimates can reflect shared market assumptions, not independent validation of comparable sales

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Israeli laser defense systems will be more integrated for any war scenarios by the end of 2026, sources have told The Jerusalem Post.

Many in the Israeli public were puzzled that the Iron Beam laser defense system did not play a larger role in providing air defense to Israel during the early 2026 war with Iran.

On May 1, the air force said that the Iron Beam laser defense system was used less in the 2026 war with Iran because the military needs 14 batteries to have a significant enough impact.

Previously, on March 12, the IDF had acknowledged that it was not using the Iron Beam laser for regular use during the ongoing Iran war.

This admission came despite the fact that various forms of Iron Beam were used to shoot down around 40 Hezbollah drones in fall 2024

 The IRON BEAM in action. (credit: DEFENSE MINISTRY)

Israel building additional Iron Beam platforms 

The Post understands that Israel is making strong progress in building additional Iron Beam platforms compared to what it was able to deploy in December 2025, when it made its first announced deployment.

This could mean the laser would be used more actively for air defense in any future conflict with Iran or Hezbollah, though still in tandem with the Iron Dome.

In 2025, Defense Ministry Director-General Amir Baram said deployment of the Iron Beam laser marked, ” the completion of our high-power laser system development – a historic milestone for Israel’s defense establishment and defense industries. This is the first time in the world that a high-power laser interception system has reached full operational maturity, completing numerous interceptions across various simulated operational scenarios.”

Also in 2025, the ministry’s head of the Directorate of Defense Research & Development (DDR&D), Danny Gold, said, “the Iron Beam laser system is expected to fundamentally change the rules of engagement on the battlefield.  Simultaneously, we are already advancing the next-generation systems.”

Already in June 2025, the ministry and Rafael, the lead company of multiple defense tech companies involved, including Elbit and others, had announced that Lite Beam, a smaller relative of Iron Beam, was operational.

In mid-September 2025, the Defense Ministry announced that Iron Beam was operational and that a full series of batteries would be fanning out across the country to provide cutting-edge new air defense capabilities within the coming months.

Back in June 2025, the ministry already disclosed that Israeli laser defense systems had shot down around 40 Hezbollah drones in October 2024.

Iron Beam has more power, a longer range, and can be used to defend against a wide array of threats compared to Lite Beam, a shorter-range version of the system.

Iron Beam can specifically shoot down drones, missiles, rockets, mortars, when ready

Second, Iron Beam, if and when it is ready, can specifically shoot down not only drones, but also missiles, rockets, and mortars, making it far more formidable than if it were only capable of shooting down drones, a relatively slow- moving threat.

In 2025, the ministry and the IDF said they had expected Iron Beam to immediately start reducing the cost of shooting down aerial threats, an issue which has been out of control for Israel during this war in which tens of thousands of threats have been launched through the air at Israel on six fronts.  

Firing Arrow interceptors can cost millions of shekels, Iron Dome interceptors can cost tens of thousands of shekels, but firing the Iron Beam is as cheap as turning a light on.

Some sources have said that any move for Iron Beam to truly move ahead of Iron Dome as the lead short-range air defense could still take a number of years.

Using lasers to defend against long-range threats, such as Iran’s ballistic missiles, could take that much longer, with some projecting 5-10 years or longer.

This is because shooting down such missiles could require air-based or space-based lasers.

Israel develops new techniques to deal with Hezbollah FPV drone threat

Meanwhile, Israel is far more ready now for the Hezbollah FPV drone threat than it was in early 2026, but there is still a learning curve, the Post has learned.

According to sources, the IDF has deployed special kinds of short-range guns for shooting down drones, nets, kamikaze Israeli drones, and electromagnetic warfare, and has also improved detection of FPV drones, which was an enormous issue in early 2026.

Israel is also working on direct-energy, microwave-style weapons that could “fry” and neutralize the machinery of an FPV drone

The Post understands that the Defense Ministry held a large series of tryouts in the South recently, with two companies winning a competition for new techniques to combat drones.

One threat which Israel is also working on, but has had less attention to invest in due to the massive number of larger threats, is Iran’s cluster munitions.

Israel is certainly working on combating the cluster munitions. But they do not cause anywhere near as much damage as ballistic missiles or drones.

Adding that, along with the fact that they are difficult to stop if they are not destroyed along with the ballistic missile that usually carries them, it is not clear that Israel will have substantially improved its defense against these munitions in any near-future Iran conflict, though it will have a better chance in a medium-term conflict.  

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Israeli laser defense systems will be more integrated for any war scenarios by the end of 2026, sources have told The Jerusalem Post.

Many in the Israeli public were puzzled that the Iron Beam laser defense system did not play a larger role in providing air defense to Israel during the early 2026 war with Iran.

On May 1, the air force said that the Iron Beam laser defense system was used less in the 2026 war with Iran because the military needs 14 batteries to have a significant enough impact.

Previously, on March 12, the IDF had acknowledged that it was not using the Iron Beam laser for regular use during the ongoing Iran war.

This admission came despite the fact that various forms of Iron Beam were used to shoot down around 40 Hezbollah drones in fall 2024

 The IRON BEAM in action. (credit: DEFENSE MINISTRY)

Israel building additional Iron Beam platforms 

The Post understands that Israel is making strong progress in building additional Iron Beam platforms compared to what it was able to deploy in December 2025, when it made its first announced deployment.

This could mean the laser would be used more actively for air defense in any future conflict with Iran or Hezbollah, though still in tandem with the Iron Dome.

In 2025, Defense Ministry Director-General Amir Baram said deployment of the Iron Beam laser marked, ” the completion of our high-power laser system development – a historic milestone for Israel’s defense establishment and defense industries. This is the first time in the world that a high-power laser interception system has reached full operational maturity, completing numerous interceptions across various simulated operational scenarios.”

Also in 2025, the ministry’s head of the Directorate of Defense Research & Development (DDR&D), Danny Gold, said, “the Iron Beam laser system is expected to fundamentally change the rules of engagement on the battlefield.  Simultaneously, we are already advancing the next-generation systems.”

Already in June 2025, the ministry and Rafael, the lead company of multiple defense tech companies involved, including Elbit and others, had announced that Lite Beam, a smaller relative of Iron Beam, was operational.

In mid-September 2025, the Defense Ministry announced that Iron Beam was operational and that a full series of batteries would be fanning out across the country to provide cutting-edge new air defense capabilities within the coming months.

Back in June 2025, the ministry already disclosed that Israeli laser defense systems had shot down around 40 Hezbollah drones in October 2024.

Iron Beam has more power, a longer range, and can be used to defend against a wide array of threats compared to Lite Beam, a shorter-range version of the system.

Iron Beam can specifically shoot down drones, missiles, rockets, mortars, when ready

Second, Iron Beam, if and when it is ready, can specifically shoot down not only drones, but also missiles, rockets, and mortars, making it far more formidable than if it were only capable of shooting down drones, a relatively slow- moving threat.

In 2025, the ministry and the IDF said they had expected Iron Beam to immediately start reducing the cost of shooting down aerial threats, an issue which has been out of control for Israel during this war in which tens of thousands of threats have been launched through the air at Israel on six fronts.  

Firing Arrow interceptors can cost millions of shekels, Iron Dome interceptors can cost tens of thousands of shekels, but firing the Iron Beam is as cheap as turning a light on.

Some sources have said that any move for Iron Beam to truly move ahead of Iron Dome as the lead short-range air defense could still take a number of years.

Using lasers to defend against long-range threats, such as Iran’s ballistic missiles, could take that much longer, with some projecting 5-10 years or longer.

This is because shooting down such missiles could require air-based or space-based lasers.

Israel develops new techniques to deal with Hezbollah FPV drone threat

Meanwhile, Israel is far more ready now for the Hezbollah FPV drone threat than it was in early 2026, but there is still a learning curve, the Post has learned.

According to sources, the IDF has deployed special kinds of short-range guns for shooting down drones, nets, kamikaze Israeli drones, and electromagnetic warfare, and has also improved detection of FPV drones, which was an enormous issue in early 2026.

Israel is also working on direct-energy, microwave-style weapons that could “fry” and neutralize the machinery of an FPV drone

The Post understands that the Defense Ministry held a large series of tryouts in the South recently, with two companies winning a competition for new techniques to combat drones.

One threat which Israel is also working on, but has had less attention to invest in due to the massive number of larger threats, is Iran’s cluster munitions.

Israel is certainly working on combating the cluster munitions. But they do not cause anywhere near as much damage as ballistic missiles or drones.

Adding that, along with the fact that they are difficult to stop if they are not destroyed along with the ballistic missile that usually carries them, it is not clear that Israel will have substantially improved its defense against these munitions in any near-future Iran conflict, though it will have a better chance in a medium-term conflict.  

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Tehran and Washington are more likely to reach an agreement to end the conflict now than they were two months ago, Sima Shine, a senior researcher and former director of the Iran and Shiite Axis Research Program at the Institute for National Security Studies, told The Jerusalem Post on Tuesday. 

However, she stressed that negotiations could still fall through if the US refused to bend on giving Iran the right to uranium enrichment or if personal egos got in the way.

Shine, who was head of the Research & Evaluation Division of the Mossad until 2007, assessed that both, due to the results of the midterm elections and because of the coming winter season, US President Donald Trump and Iran’s negotiation team had to avoid a return to military clashes.

Trump told CBS’s “60 Minutes” on Sunday that both opposition to Israel and the Iran war are what handed the Democrats major wins during the midterms.  

“I think we can understand this from Trump’s declarations and behavior, as well as the fact that he acknowledged that the defeat in the Senate and Congress was because of the Iran war. All these things together make it quite understandable that he would prefer to close this issue and spend the next two years focusing on other matters,” she said. “As for the Iranians, they also don’t want to remain in the current situation. We heard President Pezeshkian say that the Supreme Leader’s instruction is not to allow the current state of ‘no war, no peace’ to continue.”

US President Donald Trump speaks in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, November 9, 2026. (credit: REUTERS/AARON SCHWARTZ)

Winter, fuel shortage puts added pressure on Iran’s struggling economy

On the Iranian side, Shine noted that the blockade of the Strait of Hormuz has been largely successful and, now entering winter, their fuel shortage could prove a major issue for the already struggling economy. Iranian lawmakers this past week have already begun advising households to cut energy use in anticipation of the drop in temperature in the coming weeks.

Though both Washington and Tehran have their own reasons to want to end the war, Shine said that there were still major obstacles that remained and Iran was unlikely to accept any agreement that did not allow it to continue pursuing uranium enrichment, an issue Trump has stated he is set against.

“You can’t let Iran have a nuclear weapon. I think, historically, this will be a very good decision. Is it a good decision for today and tomorrow? Maybe not. But you know, I have to go with what’s right for our country. If they had a nuclear weapon during my term, I would be excoriated far worse than what’s happened,” Trump said on Sunday.

Despite the potential gap, Shine said she believed, based on leaked information, that there is a good chance there will be an agreement.

“It will not be a good agreement, nor the best agreement that could be achieved,” she continued, suggesting that a better agreement could have been made two years ago. “I think the Iranians understood from the beginning, when they started negotiating with Trump, that he might decide to use the military option. It wasn’t just talk, and I think they were much more willing to compromise on different issues, believing they could overcome the differences and reach some kind of agreement. They had been talking about postponing enrichment for five to seven years or something along those lines, although I don’t think they are at that point today.

“But what matters is where we are today, not where we were in the past. Today, it looks to me like there is room for an agreement, unless someone on either side decides that the demands are impossible to accept.”

Shine theorized that pressure from Gulf states had also pushed Trump to be more flexible.

Asked whether, given the lack of support for the Iran war in the US, Iran might be emboldened by an agreement and become a greater threat, Shine appeared confident that it would be moderated by its state of uncertainty.

Explaining that Israel had surprised Iran with its capabilities during the wars, and, given the transitional period Israel is currently in after the elections, Iran would be unlikely to risk making a move that could embolden caretaker Prime Minister Benjamin Netanyahu’s camp.

Trump’s actions without agreement remain uncertain

She added that there is also uncertainty surrounding what Trump will do next if an agreement is not made, especially should Pickaxe Mountain become a target. 

According to The Sunday Times, citing a health ministry official, iodine tablets are already being distributed to communities near nuclear facilities as a precaution against possible radiation exposure should the attacks go ahead.

“The situation is very fragile, and all sides are suspicious of one another. There is no trust at all between the Iranians and the Americans, or vice versa. But I think that, at the end of the day, it is up to the Trump administration, and Trump himself, to decide what direction things will take,” Shine concluded. “If he decides to reach an agreement, I think he will make sure that Israel does not attack.”

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Israel’s Diaspora Affairs Minister Amichai Chikli met this week with senior officials from Austria’s far-right Freedom Party (FPÖ), indicating further warming relations between Israel and the party, despite the latter’s Nazi roots.

The meeting was the first of its kind between an Israeli minister and senior representatives of the party, which remains officially boycotted by Israel.

However, it follows a landmark speech by FPÖ chairman Herbert Kickl in September in which he announced the party would unanimously adopt the full IHRA definition. Kickl also defined October 7 as “a crime against humanity, not resistance” and pledged that a government under his leadership would move Austria’s embassy from Tel Aviv to Jerusalem.

The speech was praised at the time by Israel’s Foreign Minister Gideon Sa’ar, who said Kickl’s remarks “provide an opportunity to begin substantive, open and candid dialogue.” He also thanked Kickl for his apology to Austria’s Jewish citizens, victims and survivors of Nazism, their descendants, and the Jewish people.

The FPÖ was founded in 1956 by former Nazis: Its first leader, Anton Reinthaller, had been a senior Nazi official who held the rank of SS Brigadeführer, and his successor, Friedrich Peter, had served as an officer in an SS unit.

Diaspora Minister Amichai Chikli with FPO's delegation leader to Europe, Harald Vilimsky, on November 9, 2026.  (credit: SCREENSHOT/X) 

What does the FPÖ stand for?

Since its founding, the FPÖ has moved between nationalist liberalism, far-right politics and populist conservatism. It won Austria’s parliamentary election for the first time in its history in September 2024, securing approximately 29% of the vote. Kickl subsequently sought to form a government with the ÖVP, but coalition negotiations collapsed in February 2025.

Israel has long been hostile to the FPÖ due to its historical origins and the antisemitic associations of some of its members and affiliated organizations.

When the FPÖ entered Austria’s government in 2000, Israel recalled its ambassador and downgraded diplomatic representation, marking the start of an official boycott which persisted even when the party returned to government in 2017, and despite Israel having restored relations with Austria in 2003.

However, this week, on the eve of the anniversary of Kristallnacht, Chikli and Likud MK Ariel Kallner traveled to Austria for a brief visit led by FPÖ politician and Member of the European Parliament Harald Vilimsky, whom Chikli called his “friend.”

Chikli meets FPÖ on eve of Kristallnacht

In the Austrian Parliament in Vienna, Chikli met with National Council President Walter Rosenkranz and with Styria Governor and former Defense Minister Mario Kunasek – both also FPÖ politicians.

The visit concluded with a Kristallnacht memorial ceremony at the synagogue in Graz, in the presence of Jewish community chairman Elie Rosen and members of the community.

During his speech at the ceremony in Graz, Chikli said that “In Europe today there is great respect for dead Jews. As for living Jews, in large parts of the continent the attitude has not changed”.

He lamented the introduction of import sanctions in the Netherlands (“where roughly 75% of the country’s Jews were murdered in the Holocaust”), and other such boycotts in Belgium and Britain.

“The voices seeking to deny Israel’s right to exist are growing stronger, in a combined assault by two forces: Palestinian Islamo-Nazism and the progressive left,” he said.

Chikli argued that the Freedom Party and other “conservative” parties in Europe are “the last chance for European nation-states to stop the slide before reaching the point of no return.”

“Anyone who thinks the lesson of the Second World War is that we must deny the peoples of Europe the German, Austrian, French or English the right to sovereign national life, and replace that life with some progressive post-national mishmash, will bring ruin upon European civilization.”

Chikli’s language was warm; he described Likud’s “partnership” with the Freedom Party and described Vilimsky as his friend.

He also said he was “deeply grateful” to the members of the Freedom Party, who, alongside adopting the IHRA definition, chose to emphasize the Jewish people’s historical connection to all parts of its homeland, “especially Judea, Samaria, and Jerusalem.”

He also referred to Kickl’s speech last month as a “historic turning point in a process of building trust that began roughly two years ago” and praised Kickl for “breaking a decades-long taboo in the relationship between Israel and the FPÖ.”

Following the visit, Vilimsky reciprocally expressed warmth towards Chikli, calling him “Dear Minister” and saying it was an “honor for us to host you here in Austria.”

Chikli’s ties to far-right European politicians

Over the last few years, Chikli has received criticism both domestically and from Diaspora Jews who believe his push towards friendship with far-right European parties and political figures is a betrayal of Jewish history.

Last year, politicians from far-right parties in Spain, Sweden and the Netherlands were invited by Chikli to speak at the International Conference on Combating Antisemitism in Jerusalem.

Among the invitees were Jordan Bardella, head of France’s National Rally Party, which was co-founded by a former member of the Nazi Waffen-SS. Bardella and Chikli met in 2025 in Washington, D.C. Chikli also invited Spain’s Hermann Tertsch, a Vox politician whose father was an Austrian Nazi leader in Spain.

Until recently, Israel’s decision to end its longstanding boycott of far-right parties in Sweden, France and Spain did not extend to similar parties in Austria and Germany, such as FPÖ and the AfD.

This new relationship between the Likud minister and FPÖ signifies that the longstanding boycott of the Austrian right may be set to end.

Nevertheless, on the cusp of a new government, it is hard to determine whether an official policy change will occur from Israel’s side, even if the FPÖ is seeking to establish itself as a defender of Jewish communities and Israel.

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Tehran and Washington are more likely to reach an agreement to end the conflict now than they were two months ago, Sima Shine, a senior researcher and former director of the Iran and Shiite Axis Research Program at the Institute for National Security Studies, told The Jerusalem Post on Tuesday. 

However, she stressed that negotiations could still fall through if the US refused to bend on giving Iran the right to uranium enrichment or if personal egos got in the way.

Shine, who was head of the Research & Evaluation Division of the Mossad until 2007, assessed that both, due to the results of the midterm elections and because of the coming winter season, US President Donald Trump and Iran’s negotiation team had to avoid a return to military clashes.

Trump told CBS’s “60 Minutes” on Sunday that both opposition to Israel and the Iran war are what handed the Democrats major wins during the midterms.  

“I think we can understand this from Trump’s declarations and behavior, as well as the fact that he acknowledged that the defeat in the Senate and Congress was because of the Iran war. All these things together make it quite understandable that he would prefer to close this issue and spend the next two years focusing on other matters,” she said. “As for the Iranians, they also don’t want to remain in the current situation. We heard President Pezeshkian say that the Supreme Leader’s instruction is not to allow the current state of ‘no war, no peace’ to continue.”

US President Donald Trump speaks in the James S. Brady Press Briefing Room at the White House in Washington, DC, US, November 9, 2026. (credit: REUTERS/AARON SCHWARTZ)

Winter, fuel shortage puts added pressure on Iran’s struggling economy

On the Iranian side, Shine noted that the blockade of the Strait of Hormuz has been largely successful and, now entering winter, their fuel shortage could prove a major issue for the already struggling economy. Iranian lawmakers this past week have already begun advising households to cut energy use in anticipation of the drop in temperature in the coming weeks.

Though both Washington and Tehran have their own reasons to want to end the war, Shine said that there were still major obstacles that remained and Iran was unlikely to accept any agreement that did not allow it to continue pursuing uranium enrichment, an issue Trump has stated he is set against.

“You can’t let Iran have a nuclear weapon. I think, historically, this will be a very good decision. Is it a good decision for today and tomorrow? Maybe not. But you know, I have to go with what’s right for our country. If they had a nuclear weapon during my term, I would be excoriated far worse than what’s happened,” Trump said on Sunday.

Despite the potential gap, Shine said she believed, based on leaked information, that there is a good chance there will be an agreement.

“It will not be a good agreement, nor the best agreement that could be achieved,” she continued, suggesting that a better agreement could have been made two years ago. “I think the Iranians understood from the beginning, when they started negotiating with Trump, that he might decide to use the military option. It wasn’t just talk, and I think they were much more willing to compromise on different issues, believing they could overcome the differences and reach some kind of agreement. They had been talking about postponing enrichment for five to seven years or something along those lines, although I don’t think they are at that point today.

“But what matters is where we are today, not where we were in the past. Today, it looks to me like there is room for an agreement, unless someone on either side decides that the demands are impossible to accept.”

Shine theorized that pressure from Gulf states had also pushed Trump to be more flexible.

Asked whether, given the lack of support for the Iran war in the US, Iran might be emboldened by an agreement and become a greater threat, Shine appeared confident that it would be moderated by its state of uncertainty.

Explaining that Israel had surprised Iran with its capabilities during the wars, and, given the transitional period Israel is currently in after the elections, Iran would be unlikely to risk making a move that could embolden caretaker Prime Minister Benjamin Netanyahu’s camp.

Trump’s actions without agreement remain uncertain

She added that there is also uncertainty surrounding what Trump will do next if an agreement is not made, especially should Pickaxe Mountain become a target. 

According to The Sunday Times, citing a health ministry official, iodine tablets are already being distributed to communities near nuclear facilities as a precaution against possible radiation exposure should the attacks go ahead.

“The situation is very fragile, and all sides are suspicious of one another. There is no trust at all between the Iranians and the Americans, or vice versa. But I think that, at the end of the day, it is up to the Trump administration, and Trump himself, to decide what direction things will take,” Shine concluded. “If he decides to reach an agreement, I think he will make sure that Israel does not attack.”

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US Secretary of State Marco Rubio said on Tuesday that he told G7 allies the US economic sanctions and naval blockade are working so well that President Donald Trump does not need to conduct major combat operations against Iran.

Speaking to reporters in Paris after two days of meetings with G7 allies, Rubio repeatedly pushed back on the assertion that not returning to military action would amount to a stalemate or status quo.

“The economic pain that is being inflicted on Iran right now is extraordinary, and it compounds. It’s growing every day,” Rubio said. He added that Trump has also received input from regional allies in the Middle East confirming this assessment.

“We don’t need to conduct military strikes if we’re achieving the same objective through economic means and economic pressure. That’s not a stalemate,” Rubio said. “Never has Iran ever faced the inability to sell energy in the global market like they are today.”

On Monday, Trump said he plans to hold off on military strikes against Iran after appeals from ​countries in the region, including from Qatar’s prime minister in White House talks, and that he did not believe military action was needed. 

“At this point, taking the military action doesn’t seem to be a very necessary thing. But we’re locked and loaded, ready to go for any reason that changes,” Trump said.

US Secretary of State Marco Rubio speaks to the press after a meeting with France's President on the sidelines of the G7 foreign ministers summit in Paris, France, November 9, 2026. (credit: BRENDAN SMIALOWSKI/POOL VIA REUTERS)

Trump convinced tenable deal not possible, source says

Some of Trump’s top advisers also prefer economic pressure over military strikes, namely newly installed White House chief of staff Stephen Miller and Treasury Secretary Scott Bessent, a person familiar with the thinking said. Vice President JD Vance prefers a deal with Iran, but Trump is for now convinced that a tenable deal is not possible, the person said.

The White House did not respond to a request for comment.

Trump has acknowledged ​the Iran war was one reason for Republicans’ defeat in last week’s midterm congressional elections, while Vance, seen as a potential successor to Trump when his term ends in two years, was more definitive, saying, “The reason we lost is the war.”

The US ​has maintained sanctions against Iran for decades, ⁠most of which have been aimed at curtailing the country’s oil revenue, acquisition of weapons components and at cutting off funding for business enterprises controlled by the Islamic Revolutionary Guard Corps, a dominant force in the Iranian economy.

Tehran has weathered the sanctions, but the naval blockade that the US imposed has inflicted severe economic damage on the country.

Iran’s top security official says no talks underway with US

Iran’s top security official Mohsen Rezaei said there are currently no negotiations taking place between Tehran and Washington, in an interview with pro-Iran broadcaster Al-Mayadeen.

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US Secretary of State Marco Rubio said on Tuesday that he told G7 allies the US economic sanctions and naval blockade are working so well that President Donald Trump does not need to conduct major combat operations against Iran.

Speaking to reporters in Paris after two days of meetings with G7 allies, Rubio repeatedly pushed back on the assertion that not returning to military action would amount to a stalemate or status quo.

“The economic pain that is being inflicted on Iran right now is extraordinary, and it compounds. It’s growing every day,” Rubio said. He added that Trump has also received input from regional allies in the Middle East confirming this assessment.

“We don’t need to conduct military strikes if we’re achieving the same objective through economic means and economic pressure. That’s not a stalemate,” Rubio said. “Never has Iran ever faced the inability to sell energy in the global market like they are today.”

On Monday, Trump said he plans to hold off on military strikes against Iran after appeals from ​countries in the region, including from Qatar’s prime minister in White House talks, and that he did not believe military action was needed. 

“At this point, taking the military action doesn’t seem to be a very necessary thing. But we’re locked and loaded, ready to go for any reason that changes,” Trump said.

US Secretary of State Marco Rubio speaks to the press after a meeting with France's President on the sidelines of the G7 foreign ministers summit in Paris, France, November 9, 2026. (credit: BRENDAN SMIALOWSKI/POOL VIA REUTERS)

Trump convinced tenable deal not possible, source says

Some of Trump’s top advisers also prefer economic pressure over military strikes, namely newly installed White House chief of staff Stephen Miller and Treasury Secretary Scott Bessent, a person familiar with the thinking said. Vice President JD Vance prefers a deal with Iran, but Trump is for now convinced that a tenable deal is not possible, the person said.

The White House did not respond to a request for comment.

Trump has acknowledged ​the Iran war was one reason for Republicans’ defeat in last week’s midterm congressional elections, while Vance, seen as a potential successor to Trump when his term ends in two years, was more definitive, saying, “The reason we lost is the war.”

The US ​has maintained sanctions against Iran for decades, ⁠most of which have been aimed at curtailing the country’s oil revenue, acquisition of weapons components and at cutting off funding for business enterprises controlled by the Islamic Revolutionary Guard Corps, a dominant force in the Iranian economy.

Tehran has weathered the sanctions, but the naval blockade that the US imposed has inflicted severe economic damage on the country.

Iran’s top security official says no talks underway with US

Iran’s top security official Mohsen Rezaei said there are currently no negotiations taking place between Tehran and Washington, in an interview with pro-Iran broadcaster Al-Mayadeen.

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ArchiveMay2025photographofTSMCFab18inSouthernTaiwanSciencePark,by4300streetcar.NotNovember2026boardmeeting.

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4300streetcar / Wikimedia Commons / CC BY 4.0

HSINCHU, Taiwan – TSMC’s board approved investments of up to $1 billion combined in Anthropic and OpenAI on Tuesday, authorizing up to $500 million for shares in each AI developer. The resolutions approve spending ceilings, not completed purchases.

Under the November 10 board resolutions, TSMC may acquire up to $500 million of Anthropic common shares at Anthropic’s per-share initial public offering price. A separate approval covers up to $500 million of preferred stock in OpenAI Group PBC.

The announcement does not disclose the number of shares TSMC would acquire, its eventual ownership percentages, completion dates or the per-share terms of the OpenAI investment. It does not state a numerical Anthropic IPO price or an IPO date.

The approvals concern equity investments. They do not announce chip-purchasing agreements, customer procurement commitments or a requirement that either AI developer buy a particular amount of TSMC production.

Separately, the board authorized up to $500 million to establish an investment company for strategic investments in the semiconductor industry and related ecosystem. That authorization is distinct from the two AI-company investments and is not part of their combined $1 billion ceiling.

The board also approved approximately $40.927 billion in capital appropriations for advanced manufacturing capacity, advanced packaging, mature and specialty technology capacity, factory construction and facility systems.

Those appropriations also cover 2027 research-and-development capital investments, sustaining capital spending and capitalized leased assets. They are project and investment authorizations described in the board release, not a new annual capital-expenditure forecast.

The resolutions follow TSMC’s separate October revenue report, covered earlier by JBizNews. The investment approvals do not change the figures in that report.

What it means: TSMC has authorized potential ownership stakes in two AI developers while making separate decisions about semiconductor investment and manufacturing capacity. The next question is whether, when and on what final terms the approved investments are carried out. Tuesday’s release does not answer those questions.

JBizNews Desk | Technology & Business

© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

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New York City’s oldest Black newspaper wants to reimagine its 19th-century Harlem headquarters as an educational and community hub. The New York Amsterdam News, which has operated from 2340 Frederick Douglass Boulevard since 1939, has unveiled plans to redesign the building as a national center for African American journalism history, with educational exhibitions, a research library, and a cafe, while preserving its historic newsroom. The newspaper, which tapped AYON Studio and Jerome Haferd Studio to redesign the building, launched a $44 million fundraising campaign for the project, as the New York Times first reported. If the financial goals are met, construction could begin in 2029.

The exterior of 2340 Frederick Douglass Boulevard in 2017. Image via Wikimedia Commons

The Amsterdam News was founded in 1909 in an apartment in San Juan Hill, a diverse neighborhood that was once home to the city’s largest Black population before being razed to make way for the Lincoln Center campus. The newspaper rose to prominence among nearly 2,000 Black newspapers in the country at the time, according to the Times.

Today, it is one of roughly 200 Black newspapers in the United States, according to the National Newspaper Publishers Association, which tracks Black-owned media companies.

After quickly gaining a following, the paper moved to Harlem, where African Americans fleeing the Jim Crow South began arriving during the early 20th century. The paper operated out of several other buildings in the neighborhood before acquiring 2340 Frederick Douglass Boulevard in 1939, where it rented out space to other businesses to help keep the publication afloat.

The four-story walkup played a critical role in the history of African American journalism. Originally founded to challenge Booker T. Washington’s “accommodationist conservatism” and compete with its rival publication, “The New York Age,” the Amsterdam News developed a “peerless record,” serving as a platform for Black voices and a “Black world view,” according to the paper’s website.

In an Instagram post announcing its involvement in the project, AYON Studio said the paper was among the first to publish Langston Hughes, the first major publication to give Malcolm X a platform, the first to print the word “hip-hop,” and the only newspaper to stand with the Central Park Five.

Renderings of the redesigned newsroom.

When the building hosted its grand opening in 1941, its interior was pristine, and 10,000 people attended the celebration. Today, as the New York Times reported, there are broken windows letting in drafts and pigeon feathers and droppings on the floor.

Publisher and editor-in-chief Elinor Tatum took over the newspaper from her father, Wilbert, in 1997. Elinor also chairs the board of the Amsterdam News Educational Foundation, led by Siobhan Bennett, which plans to acquire the building.

In 2025, Tatum and Bennett enlisted two Black-owned architecture firms, AYON and Jerome Haferd, to develop plans and renderings for a reimagining of the building. The project was funded by a $500,000 grant from the Mellon Foundation, according to the Times.

“This building, this facade is not distinct,” Angel Ayón, founder of AYON Studio, told the Times. “What is special about this building is what happened here.”

AYON is also serving as the preservation architect for another historic renovation, the 120-year-old Pacific Library branch in Downtown Brooklyn.

The redesign of the Amsterdam News building calls for installing an elevator, replacing antiquated electrical and plumbing systems, and adding an event and exhibition space on the roof. The firms will also restore the building’s historic facade, neon sign, murals, marble staircase, and mosaic floors, while refreshing its 1940s-era publisher’s office and former newsroom.

Renderings of the fifth-floor event space with an outdoor terrace.

Beyond modernizing the existing spaces, the newspaper plans to honor its legacy in Black journalism by opening its archives to the public for in-person and online research. A separate $520,000 Mellon Foundation grant will fund an archivist to sort through the building’s contents and help preserve the newspaper’s historical records.

A rendering of the “Citadel of Black Truth.”

The plans also call for a new two-story digital portal on the ground floor dubbed “The Citadel of Black Truth.” Renderings depict an airy space lined with LED panels that could display photographs and other content from the newspaper’s past and present. Visitors will be able to enter the space for free.

Other proposals include a fifth-floor event space with an outdoor terrace, as well as a cafe honoring the Civil Rights-era lunch counters where protesters staged “sit-ins” and gathered to share news.

A rendering of the cafe.

“The stories of the Black press are not told very often and the story of the Amsterdam News is not really told,” Tatum told the Times. “Our idea is to tell those stories in our own space.”

Upon completion, most of the staff will occupy offices on the third floor, which the newspaper will lease from the foundation.

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New York City’s oldest Black newspaper wants to reimagine its 19th-century Harlem headquarters as an educational and community hub. The New York Amsterdam News, which has operated from 2340 Frederick Douglass Boulevard since 1939, has unveiled plans to redesign the building as a national center for African American journalism history, with educational exhibitions, a research library, and a cafe, while preserving its historic newsroom. The newspaper, which tapped AYON Studio and Jerome Haferd Studio to redesign the building, launched a $44 million fundraising campaign for the project, as the New York Times first reported. If the financial goals are met, construction could begin in 2029.

The exterior of 2340 Frederick Douglass Boulevard in 2017. Image via Wikimedia Commons

The Amsterdam News was founded in 1909 in an apartment in San Juan Hill, a diverse neighborhood that was once home to the city’s largest Black population before being razed to make way for the Lincoln Center campus. The newspaper rose to prominence among nearly 2,000 Black newspapers in the country at the time, according to the Times.

Today, it is one of roughly 200 Black newspapers in the United States, according to the National Newspaper Publishers Association, which tracks Black-owned media companies.

After quickly gaining a following, the paper moved to Harlem, where African Americans fleeing the Jim Crow South began arriving during the early 20th century. The paper operated out of several other buildings in the neighborhood before acquiring 2340 Frederick Douglass Boulevard in 1939, where it rented out space to other businesses to help keep the publication afloat.

The four-story walkup played a critical role in the history of African American journalism. Originally founded to challenge Booker T. Washington’s “accommodationist conservatism” and compete with its rival publication, “The New York Age,” the Amsterdam News developed a “peerless record,” serving as a platform for Black voices and a “Black world view,” according to the paper’s website.

In an Instagram post announcing its involvement in the project, AYON Studio said the paper was among the first to publish Langston Hughes, the first major publication to give Malcolm X a platform, the first to print the word “hip-hop,” and the only newspaper to stand with the Central Park Five.

Renderings of the redesigned newsroom.

When the building hosted its grand opening in 1941, its interior was pristine, and 10,000 people attended the celebration. Today, as the New York Times reported, there are broken windows letting in drafts and pigeon feathers and droppings on the floor.

Publisher and editor-in-chief Elinor Tatum took over the newspaper from her father, Wilbert, in 1997. Elinor also chairs the board of the Amsterdam News Educational Foundation, led by Siobhan Bennett, which plans to acquire the building.

In 2025, Tatum and Bennett enlisted two Black-owned architecture firms, AYON and Jerome Haferd, to develop plans and renderings for a reimagining of the building. The project was funded by a $500,000 grant from the Mellon Foundation, according to the Times.

“This building, this facade is not distinct,” Angel Ayón, founder of AYON Studio, told the Times. “What is special about this building is what happened here.”

AYON is also serving as the preservation architect for another historic renovation, the 120-year-old Pacific Library branch in Downtown Brooklyn.

The redesign of the Amsterdam News building calls for installing an elevator, replacing antiquated electrical and plumbing systems, and adding an event and exhibition space on the roof. The firms will also restore the building’s historic facade, neon sign, murals, marble staircase, and mosaic floors, while refreshing its 1940s-era publisher’s office and former newsroom.

Renderings of the fifth-floor event space with an outdoor terrace.

Beyond modernizing the existing spaces, the newspaper plans to honor its legacy in Black journalism by opening its archives to the public for in-person and online research. A separate $520,000 Mellon Foundation grant will fund an archivist to sort through the building’s contents and help preserve the newspaper’s historical records.

A rendering of the “Citadel of Black Truth.”

The plans also call for a new two-story digital portal on the ground floor dubbed “The Citadel of Black Truth.” Renderings depict an airy space lined with LED panels that could display photographs and other content from the newspaper’s past and present. Visitors will be able to enter the space for free.

Other proposals include a fifth-floor event space with an outdoor terrace, as well as a cafe honoring the Civil Rights-era lunch counters where protesters staged “sit-ins” and gathered to share news.

A rendering of the cafe.

“The stories of the Black press are not told very often and the story of the Amsterdam News is not really told,” Tatum told the Times. “Our idea is to tell those stories in our own space.”

Upon completion, most of the staff will occupy offices on the third floor, which the newspaper will lease from the foundation.

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ArchiveMay2012photographlookingalongNassauStreetbesidetheFederalReserveBankofNewYorkbuilding,KenLund.Notcurrentreportevent.

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Ken Lund / Wikimedia Commons / CC BY-SA 2.0

NEW YORK – U.S. household debt rose $334 billion, or 1.8%, in the third quarter to $19.105 trillion, the Federal Reserve Bank of New York reported Tuesday. Mortgages accounted for most of the increase, while home-equity credit lines recorded their largest balance gain since 2005.

The November 10 report covers balances through the end of September. It is a quarterly snapshot of borrowing and repayment, not a real-time measure of consumer spending.

Mortgage debt rose $257 billion to $13.374 trillion. Home equity lines of credit, or HELOCs, increased $23 billion to $481 billion. Credit-card balances grew $22 billion to $1.285 trillion, while auto debt rose $21 billion to $1.734 trillion.

Student debt increased $5 billion to $1.656 trillion. Mortgage originations reached $595 billion during the quarter, and new auto loans appearing on credit reports totaled $208 billion. Credit-card limits increased $115 billion and HELOC limits rose $31 billion.

“Household debt levels rose moderately, led by increases in mortgage and home equity line of credit originations,” said Donghoon Lee, an economic research adviser at the New York Fed. “Although delinquency transition rates for housing debts have crept up, the overall credit quality of these loans remains strong.”

The share of outstanding debt in some stage of delinquency rose to 5.0%, up 0.3 percentage points from the previous quarter. That overall measure should not be confused with the rate at which previously current or less-overdue balances newly become seriously delinquent.

Transitions into early delinquency increased for auto loans and mortgages but improved slightly for credit cards. Transitions into serious delinquency improved slightly for credit cards and student loans, while auto loans and HELOCs were flat. Mortgage transitions worsened but remained low by historical standards, the New York Fed said.

Serious delinquency means a payment is at least 90 days late. The report’s transition rates are annualized shares of balances newly moving into that category, rather than the share of all borrowers who are behind on payments.

The figures come from the New York Fed’s Consumer Credit Panel, a nationally representative sample based on anonymized Equifax credit data. The report tracks mortgage, student, auto and credit-card debt, among other categories.

What it means: Household borrowing increased, led by housing credit, and a larger share of total debt was overdue. But the repayment picture was mixed across loan types. The report does not show that every delinquency measure worsened or establish a collapse in consumer spending.

JBizNews Desk | Economy & Business

© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

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Company reported a net loss of $36.5 million in the third quarter

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Shelter rose 0.3% and energy rose 0.7%, while core CPI held at 0.3% month over month

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Archive2014 photograph of Google campus in MountainView by Noah_Loverbear. Not a photograph of Gemini4Carbon launch.

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MOUNTAIN VIEW, California – Google made Gemini 4 Carbon available Tuesday to paying developers and enterprises and began rolling it out to Google AI Ultra subscribers, expanding access to a model previously offered to a limited group of cybersecurity defenders.

Google positions Carbon for demanding, multi-step coding, scientific research and other work that requires extended reasoning. In its November 10 announcement, the company said Gemini 4 Argon remains its recommended option for most software-engineering and knowledge-work tasks, while Carbon uses more tokens to explore and verify harder problems.

The new access is not a free rollout to every Gemini user. Developers can use the paid Gemini API tier in Google AI Studio and Android Studio. Enterprises can try Carbon through Gemini for business, Google Antigravity or CodeMender. Google AI Ultra subscribers are getting access in the Gemini app, AI Mode in Search and Antigravity.

Introductory API pricing: Google lists $2 per million input tokens and $10 per million output tokens for the public-access Carbon model. After the introductory period expires November 30, 2026, those rates become $4 and $20, respectively. Tokens are the units a model processes and generates; these are API usage rates, not a consumer subscription price.

Google also previewed a /swarm feature in its Antigravity development platform. It is designed to turn a prompt into a coordinated team of AI agents, with Carbon handling deeper reasoning tasks while lighter models work in parallel. The feature is a preview, not a claim that every project can run without human checks.

The company says Carbon improves performance in coding, document and data analysis, scientific reasoning and cybersecurity. Its benchmark rankings, cost-per-task comparisons and safety-test results are Google’s reported evaluations, not guarantees of accuracy, security or savings in a particular user’s workflow.

Access to Carbon’s specialized cybersecurity offering remains through the Fairwind Program on a rolling basis. That program should not be confused with unrestricted access to all cyber capabilities through the public model.

Google is also expanding its research-access program to include Carbon alongside Argon. Scientists can apply for six months of free access through Antigravity’s highest usage tier, with eligibility, capacity and selection limits and rolling onboarding. An application does not guarantee admission.

This is a separate model-availability announcement from Google Cloud’s Gemini for healthcare preview, which addresses medical and administrative workflows.

What it means: More paying users can now try Carbon on work that takes multiple steps, but access tier, token use and the end of introductory pricing matter. Businesses should test the model on their own tasks and keep human review for consequential outputs.

JBizNews Desk | Technology & Business

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New probes into Jensen Huang’s alleged relationship with a suspected Chinese spy have sent Nvidia stock sliding this week—and now, the billionaire CEO is no longer one of the 10 richest people in the world as his wealth continues to slide down the rankings.

The day after the Nvidia cofounder confirmed he had been “unfaithful” to his wife, his wealth dropped by $6.5 billion. Meanwhile, his company’s stock fell by as much as 9% by Monday, winding up 4.3% lower at $178.67 per share. 

Huang owns around 870 million shares (roughly 3.5%) of the $4.3 trillion business in his own name and family trusts, according to a September 2026 filing, which represents the bulk of his fortune.

The loss has sent him tumbling down the ultra-rich list past Walmart heirs Jim Walton and Rob Walton, according to the Bloomberg Billionaires Index. 

But Huang is still worth a whopping $148 billion and is the 12th wealthiest person in the world. 

Fortune has reached out to Nvidia for comment. 

Further investigations and lawsuits could continue to impact Nvidia’s stock and Huang’s net worth 

Investors and the public alike are reeling from the most recent investigations into Huang’s alleged spy affair scandal. Last month, the New York Times reported that the CEO had formed a relationship with Alice Huang, a Chinese executive at Singapore-based data center company Megaspeed, which buys Nvidia’s AI chips. 

On Sunday, Nvidia’s board launched an independent investigation into the reports that Huang had been “the target of a foreign intelligence effort,” and the CEO sent an email to staffers apologizing for the extramarital affair. And just yesterday, Rosen Law firm filed a class-action lawsuit in federal court alleging that the company and its CEO failed to disclose information about Huang’s connections to the alleged Chinese spy accused of passing information to Beijing. 

“While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board’s inquiry will examine all available information,” Nvidia’s board of directors said in a statement. “Jensen fully supports the review and has committed to cooperating with it.”

The latest dip in Huang’s wealth only compounded upon pre-existing problems, as the CEO briefly dropped out of the top 10 last week after a broad tech stock sell-off following the Democrats’ midterm victories. 

But the pending investigations and lawsuits could continue to impact Nvidia’s stock and Huang’s net worth. 

Dan Ives, a tech analyst at Yorkville Ives, wrote in a research note that this is a “black eye moment” for the CEO and will create “an overhang” on the company’s stock. There are a myriad of concerns as Huang has an outsized influence on the company, U.S.-China tensions rage on, and the possible tighter export restrictions loom overhead. 

Billionaire fortunes are at the whim of breakthroughs, investigations, and scandals

The net worths of CEOs and founders are largely at the whim of their company stock—all it takes is one breakout earnings report, scandal, or blockbuster news to shake up their fortunes.

In 2022, notorious FTX cofounder and CEO Sam Bankman-Fried was dropped from the billionaires ranking after 94% of his fortune vanished in a single day. 

His wealth plummeted following Binance CEO Changpeng “CZ” Zhao announcing that he had reached a provisional agreement to acquire FTX amid insolvency concerns, leading to a freefall in the price of the crypto exchange’s native token. Just 24 hours before that, Bankman-Fried was estimated to be worth $15.2 billion, according to Bloomberg, losing $14.6 billion overnight.  

And in 2023, Zhao also watched his fortune take a hit. 

The U.S. government cracked down on crypto trading platforms Binance and Coinbase, which sent the fortune of its billionaire founders, Zhao and Brian Armstrong, on a downward spiral. The pair lost nearly $2 billion of their combined fortune after the Securities and Exchange Commission filed lawsuits alleging that both crypto exchanges operated unlawfully.

On the flipside, good news can send a founder’s fortune soaring just as quickly. Michael Dell, the founder and CEO of pioneering tech company Dell Technologies, recently watched his wealth double thanks to the AI boom. The 61-year-old—who owns 40% of his tech company—gained around $122 billion between September 2025 and 2026, nearly doubling his wealth to a whopping $262 billion, according to the Bloomberg Billionaires Index. 

And earlier this year, Moderna cofounder Robert Langer re-entered the billionaires club following promising cancer vaccine trials that sent the company’s stock soaring. 

The “Edison of Medicine” witnessed his equity in the biotech business double in value, shooting his net worth up to roughly $1.7 billion, according to an August Forbes analysis. His wealth surge followed news that Moderna and pharmaceutical company Merck’s mRNA cancer vaccine hit its goals in a Phase 3 trial targeting melanoma, sending Moderna’s stock soaring more than 100%.

This story was originally featured on Fortune.com

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From Meta’s fluffy Muse to OpenAI’s onigiri-shaped Dots, AI companies have rolled out agents they promise will help people cross things off their to-do lists, whether that’s booking a trip, ordering food, or shopping online. But the companies that provide those services are reporting consumers haven’t yet flocked to use those agents to buy on their behalf. 

Executives from Uber, Doordash, and Airbnb said AI agents make up a negligible amount of their businesses so far even as all three develop their own AI tools to make their services easier to use.

Uber CFO Balaji Krishnamurthy told analysts on the rideshare app’s Nov. 4 Q3 earnings call that AI agents only booked four Uber rides and 500 Uber Eats deliveries out of 320 million combined rides and food deliveries during the week of Halloween. DoorDash CEO Tony Xu similarly told analysts on the company’s Oct. 29 Q3 earnings call AI agents are generating “maybe several hundred orders in total across the time that they have been up and running.” Muse and Dots both launched in September.

One explanation for the low engagement is that agents are promising to automate tasks that are already easy. Matt Maher, founder and CEO of tech research and development firm M7 Innovations, told Fortune tech giants’ AI agents are often overcomplicating simple things like booking a restaurant reservation that weren’t problems “that needed a lot of innovation” to begin with. 

“Big Tech companies] bludgeon us with solutions that are desperately looking for problems,” Maher said. “If you really want to nab something immediately, it’s going to be easier if you do it yourself as a human.”

Uber CEO Dara Khosrowshahi echoed that sentiment in the earnings call, saying it takes a median of 50 seconds for a customer to order an Uber and 90 seconds to order Uber Eats, so they’re unlikely to turn to an agent to do that. 

Airbnb is in a similar position with low traction from AI agents, but its situation differs in that users enjoy spending more time researching and booking a trip instead of trying to get it done as quickly as possible. CEO Brian Chesky told analysts on the Nov. 5 Q3 earnings call that out of Airbnb’s “nearly half a million bookings” a day, a “a very non-material number” of them happen through AI agents Muse and Instinct. He said while agents “are good at simple routine tasks,” planning a trip is different because travel is “aspirational,” saying 80% of travelers say they like researching their trips.

“Discovering where to go and where to stay is part of the experience,” Chesky said. “People want to look at photos, they want to compare homes, they want to make decisions with the people they’re traveling with, and I don’t think the general-purpose agents are the best to do that.”

There’s also a trust issue. Michael Klein, the director of product marketing at customer experience automation platform Talkdesk, told Fortune consumers aren’t confident in AI agents to make choices for them, and they won’t feel more confident until there’s more transparency about how agents collect and use their data.  

“Right now, agentic commerce still needs to earn shoppers’ trust and buy-in,” Klein said. “For example, for a shopper to feel comfortable sharing their credit card information with an AI agent, they want to know where, how, and why that information is going to be used.” 

Trying to enhance user experience 

But this lukewarm reception to third-party AI agents hasn’t stopped Uber, DoorDash, and Airbnb from using AI to improve their customer experience.

Uber Eats customers, for instance, can use Cart Assistance to upload a handwritten grocery list or recipe screenshot to the app and AI will fill up their basket with the items. Khosrowshahi said on the earnings call the baskets made with Cart Assistance are “roughly twice the average of the average basket.”

DoorDash has its version of this with Ask DoorDash, which also helps users quickly build a grocery list by uploading photos or typing in what they’re in the mood to eat. Text DoorDash also allows users place orders by texting rather than opening the app. Airbnb is also working on its own AI agent that will help users plan trips and manage their reservations, with Chesky telling analysts Airbnb will start rolling it out early next year. 

“What we are doing is developing a custom-designed, AI-native experience that responds to what guests are looking for,” Chesky said on the earnings call. “Over time, we want our agent to help guests plan their entire trip on Airbnb, all in one place.”

But that doesn’t mean the companies are shutting out third-party AI agents. Khosrowshahi said on the earnings call Uber “will have discussions with third-party AI agents” and views it as “another opportunity to reach our platform.” 

“Every single AI system company is talking to us, and we’re really now negotiating the terms of trade,” Khosrowshahi added.

This story was originally featured on Fortune.com

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Hungary has detained the brother of former prime minister Viktor Orban during its investigation of a people-smuggling case, Prime Minister Peter Magyar confirmed during a speech in Berlin.

Monday’s comments came after the Hungarian anti-graft body, said in a statement it and police had detained four people and searched homes at several sites in Budapest and Pest county as part of the case.

“Three out of the ex-ministers of Orban are already in custody,” Magyar said on the sidelines of a speech in the German capital.

“Already his brother today went to custody,” he added, referring to the former prime minister’s sibling, businessman Aron Orban, 49.

Writing on Facebook, Viktor Orban dismissed his brother’s detention as an instance of political revenge.

Election winner Peter Magyar speaks during a press conference in Budapest, Hungary, April 20, 2026. (credit: REUTERS/Bernadett Szabo/File Photo)

“In this dirty game, the aim is the elimination of the political opponent and the establishment of a one-party system. I am the target, my younger brother is just a tool,” the former prime minister wrote.

In Monday’s statement, the National Asset Protection and Recovery Office did not identify the suspects detained and police also declined to do so in an emailed response to Reuters.

The body was set up to investigate allegations of corruption ⁠during Orban’s 16-year rule, which the latter has denied.

It was established by Magyar, who ousted Orban in an April election, and is central to his government’s anti-graft campaign, which he has dubbed “Operation Purgatory.”

Detainees suspected of aiding Vietnamese citizens to reach Western Europe

Monday’s statement said the four detained were suspected of helping Vietnamese citizens reach Western Europe for several months in 2024. 

The perpetrators charged visa applicants a so-called recruitment fee at Hungary‘s foreign missions in Vietnam, which they then shared, the authorities said.

The woman and three men held are suspected “of human smuggling committed as part of a criminal conspiracy for the purpose of financial gain,” police said.

In September, the NVVH said “selling political connections to obtain residence ​permits for employment.” was among the first four cases it planned to investigate.

Two former ministers from Orban’s government and former central bank chief Gyorgy Matolcsy are currently ​under arrest over graft accusations in separate investigations.

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Iranian author and dissident Marziyeh Amirizadeh recounted her imprisonment and threats of execution for converting to Christianity in a conversation last week on The Jerusalem Post‘s Sits Down With podcast.

“My life is in God’s hands. It’s not in yours,” she recalled telling the judge who threatened her with execution, speaking to Jerusalem Post News Editor Alex Winston. Amirizadeh added that she also told the judge, “You are not fighting with me. You’re fighting with God.”

Amirizadeh was arrested in 2009 after years of running underground churches and secretly distributing Bibles across Tehran. She recalled how she and a fellow Christian distributed some 20,000 Bibles throughout the Iranian capital, often slipping them into people’s mailboxes at night.

Following her arrest, Amirizadeh said she was held for 14 days in an underground detention facility before appearing in court, where a judge accused her of apostasy and threatened to have her executed by hanging.

Reflecting on her childhood under the Islamic Republic, Amirizadeh also recalled being forced to chant “Death to America” and “Death to Israel” at school. She said the chants contradicted the values she learned at home, where her parents taught her love and respect for others.

The full article detailing Amirizadeh’s conversation on the podcast is set to be published next week, along with the second part of the interview on YouTube.

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Exiled Iranian Crown Prince Reza Pahlavi was honored with the prestigious King Solomon Award during the European Jewish Association (EJA) memorial dinner in Krakow, Poland, on Monday evening ahead of its delegation to Auschwitz. 

The annual conference gathered international diplomats, Jewish community leaders, and journalists to address rising antisemitism and global security threats. 

Accepting the recognition, Pahlavi reflected on the historic ties between the Persian and Jewish peoples while emphasizing the shared responsibility of democratic nations to confront contemporary tyranny and ideological extremism across the globe.

Islamic Regime wants to ‘finish what Hitler has done,’ Pahlavi warns

Earlier on Monday, Pahlavi addressed reporters and international delegates at an EJA press conference, warning that the current regime in Tehran poses an active, existential menace to global stability and human dignity. Framing the ruling Islamic Revolutionary Guard Corps (IRGC) apparatus as a unique threat requiring decisive action, he drew a direct lineage between historical fascism and the ideology behind the current Iranian regime.

He cautioned that the international community is repeating the fatal error of ignoring explicitly stated genocidal intentions.Iran's Crown Prince Reza Pahlavi receives the King Solomon Award during the European Jewish Association (EJA) memrial dinner in Krakow, Poland, November 9, 2026. (credit: YOAV DUDKEVITCH)

“When you hear ‘never again,’ this regime, in its viral sense, wants to finish what Hitler has done,” Pahlavi stated emphatically, stressing that “you have a regime that has the combination of the three worst forms of governments all at once. It is totalitarian in some respect. It is racist in some respect. It is fascist in some respect. And yet, nothing has been done to counter it.” He called for a moral awakening, arguing that ideological extremism left unchecked inevitably expands beyond its borders to imperil all humanity.

Upon receiving the King Solomon award at the EJA memorial dinner on Monday evening, Pahlavi recalled in his address the twenty-five-century-old relationship between Persians and Jews rooted in the legacy of Cyrus the Great, who liberated Jewish captives from Babylon and facilitated the rebuilding of the Temple in Jerusalem. 

Building upon his previous historic visit to Israel, where he met with national leadership and prayed at the Western Wall, Pahlavi argued that lasting regional normalization cannot be fully realized while Tehran remains under clerical dictatorship. 

He proposed elevating existing diplomatic agreements into a comprehensive framework he calls the ‘Cyrus Accords,’ noting that “without Iran as a partner in that process, there is no way the Abraham Accords could have stood on their own.” Under this vision, a secular, democratic Iran would serve as a cornerstone of regional security, economic integration, and Judeo-Persian partnership, restoring bonds that predated the 1979 Islamic Revolution.

The symposium concluded with the international delegation’s formal visit to the Auschwitz-Birkenau state museum and memorial on Tuesday. Crown Prince Pahlavi attended a solemn ceremony at Birkenau alongside his wife, Yasmine, joining prominent diplomats and Jewish community figures. 

Delivering a moving address at Birkenau, EJA Chairman Rabbi Menachem Margolin reflected on the solemnity of the site, stating, “Here, in this place, words are almost too much. We stand at Birkenau. There are no tombstones here, no names upon the earth… Those who built this place wanted more than just our death; they wanted us to be completely erased… They failed, because we are here, Jews from across Europe, children and grandchildren of survivors, standing alongside the leaders of European nations on this very soil. That, in itself, is an answer.”

Pahlavi expresses solidarity with Jewish community

Crown Prince Pahlavi also delivered remarks during the memorial service, expressing solidarity with the Jewish community by declaring, “We stand with you… to ensure that this never, ever happens again.” He emphasized the collective imperative of unity and moral clarity, adding, “We stand together, not only to honor those we have lost, but to ensure a future of peace and brotherhood, and an end to evil.” 

Following the speeches, Pahlavi walked through the historic grounds and laid a wreath to honor the millions of Holocaust victims, reinforcing his calls throughout the conference for global vigilance, solidarity, and moral leadership in the face of modern extremism.

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Chinese Ambassador to Israel Xiao Junzheng rejected as “baseless” allegations of Chinese military assistance to Iran, following claims by former senior Israeli security officials that Beijing helped Tehran develop its missile and nuclear capabilities.

Speaking to The Jerusalem Post on the sidelines of SIGNAL Group’s annual conference on Israel’s China and Indo-Pacific policy on Thursday at the Tel Aviv Stock Exchange, Xiao defended China’s relationship with Iran.

“I have to say, the kind of baseless arguments I heard today actually also came up at this conference last year,” Xiao said.

Among those raising the allegations was Maj.-Gen. (res.) Yaakov Amidror, a former national security adviser to Prime Minister Benjamin Netanyahu and senior IDF intelligence officer.

“In the past, when I was in the Prime Minister’s Office, I was more optimistic about the relations with China. I worked very hard to help improve those relations,” Amidror said. “Now, when I see the relations between China and some countries in the region, mainly Iran, I’m not so optimistic.”

Maj.-Gen. (res.) Yaakov Amidror, former national security advisor to Prime Minister Benjamin Netanyahu and senior IDF intelligence officer, at Israel's China and Indo-Pacific policy conference, November 5, 2026. (credit: Sam Halpern/The Jerusalem Post)

Iran turns to China to rebuild military infrastructure during war with Israel, US

Amidror alleged that following Israeli strikes against Iran’s missile-production infrastructure, Tehran turned to China to help restore its manufacturing capabilities.

“We succeeded in our attacks to destroy part of the Iranian capability to manufacture missiles that can reach Israel. But then they bought from China the ability to reproduce it,” he said.

“The Iranians could not resume their capability to produce missiles without help from China,” Amidror added.

He acknowledged that he did not know whether the assistance originated from China’s civilian or military sector.

Asked by the Post whether he could unequivocally deny that Iran was receiving Chinese military equipment, Xiao defended Beijing’s export policies.

“China maintains normal relations with Iran within the framework of international law, just like European countries do.

“And according to the internal export control law of China, China does not sell weapons to any party to an armed conflict. And China also strictly regulates exports of dual-use items.”

“If some people believe they have evidence that China is transporting lethal weapons to Iran, which would pose a serious threat to Israel’s security, I think the Israeli government will let us know.”

The comments came amid mounting scrutiny of China’s ties to Iran and reports of Iranian purchases of Chinese military-related goods.

A September Reuters report, citing five sources, said Iran had used a barter-like arrangement involving oil revenues to purchase billions of dollars’ worth of Chinese goods, including alleged military equipment.

The sources cited by Reuters said that the arrangement had been used at least once in the previous year in connection with multimillion-dollar air-defense contracts.

China’s Foreign Ministry said at the time that it was “not familiar” with the arrangement described by Reuters, and the outlet noted that it could not independently verify the alleged military transactions.

The following month, another Reuters investigation found that a network of more than 5,000 Iranian Defense Ministry-linked agencies facilitated imports of at least $2 billion in equipment, explosives, and other military-related goods since January 2025.

Rocket fuel, industrial machinery, heavy-duty vehicles for missile, drone production

The imported materials included rocket-fuel ingredients, industrial machinery, and heavy-duty vehicles that could be used in missile and drone production.

China, along with other countries including Russia and Germany, was named in the report as being among the countries from which the goods originated.

Experts consulted by Reuters, however, noted that some materials also had civilian uses, and the investigation did not establish whether Beijing directly authorized the transfers.

Former Mossad director Efraim Halevy, who also spoke at the conference on Thursday, raised allegations about China’s historical assistance to Iran’s nuclear program.

Recounting a 1993 visit by former prime minister Yitzhak Rabin to Beijing, Halevy asserted the visit was “occasioned by necessity to demand that China desist from affording scientific support to Iran in the nuclear field.”

He added that Rabin, accompanied by then-Mossad director Shabtai Shavit, presented Chinese president Jiang Zemin with “detailed intelligence on the subject,” which the Chinese president “flatly denied and rejected.”

Halevy added that following talks with the US, China appeared to take steps to halt its assistance in the nuclear field.

“Nevertheless, to this day, a building in Isfahan, Iran, contains equipment providing UF6 scientific support for the processing of high-level uranium,” Halevy said.

This building, the former Mossad director asserted, “has a plaque thanking China for its contribution affixed to its outer wall in Farsi and Chinese languages.”

The Post could not independently verify Halevy’s claim about the plaque.

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European nations have taken no concrete steps to strengthen shipping protection in the Red Sea, Italy’s defense minister said on Tuesday, adding that governments have failed to respond to his calls to bolster the bloc’s naval mission in the area.

In September, Guido Crosetto urged the European Union to bolster its Aspides mission, launched in 2024 to protect commercial shipping from attacks by Yemen’s Iran-aligned Houthis that have escalated as part of the Middle East conflict.

“I have yet to see anything concrete,” Crosetto told Reuters, although he said EU foreign policy chief Kaja Kallas had “fully understood” the importance of Italy’s request.

Following Crosetto’s appeal, Kallas wrote to the bloc’s 27 member states, urging them to increase their contributions, saying more than 10 warships would be needed for the mission to be truly effective.

Italian daily Il Sole 24 Ore reported that talks among EU states on boosting contributions have so far been inconclusive, partly due to the reluctance of some members with limited resources to deploy assets.

Damage in the aftermath of Houthi strikes on the Red Sea port city of Mocha, Yemen, August 10, 2026 in this screengrab taken from a handout video. (credit: Al Joumhouriya TV/Handout via REUTERS)

Third of European operations depend on Italian contribution, minister says

“About one third of European operations depend on Italy’s contribution. Other countries, far larger than us, contribute much, much less,” said Crosetto, a senior member of Prime Minister Giorgia Meloni’s government.

“If it is right to invest in missions, then it is right that everyone contributes,” he added, speaking after an event in Rome.

The US-Israel war on Iran has disrupted maritime routes that are vital for global trade and energy supplies, including the Bab al-Mandab Strait and the Strait of Hormuz, contributing to higher shipping costs and adding to inflationary pressures.

According to Assarmatori, one of Italy’s main shipowners’ associations, around 40% of the country’s trade with the rest of the world passes through the Suez Canal at the northern end of the Red Sea.

The Houthis have intensified attacks on commercial shipping and strategic infrastructure, while Saudi Arabia has also carried out strikes against Houthi targets in Yemen.

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Archive photograph of server racks in2005,byJemimus. Illustrative equipment,notOrcaSecurityfacilitiesorproductinterface.

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Jemimus / Wikimedia Commons / CC BY 2.0

AUSTIN, Texas – Orca Security announced new platform capabilities Tuesday that it says can uncover AI-built applications security teams do not know about, inventory autonomous agents and assess their access to company data.

The November 10 announcement expands Orca’s AI Security offering across cloud environments and code repositories. The capabilities are company descriptions, not independently verified evidence that every AI application or security risk will be found or prevented.

So-called shadow AI applications are built outside the processes a security team normally monitors. Orca says its AI AppGen Security capabilities look for digital fingerprints left by builders such as Lovable, v0, Replit, Base44 and Bolt, as well as hosting and data services including Vercel, Netlify and Supabase.

Those signals can include DNS records, installed packages, file markers, builder commit identities and cloud permissions. Orca says it connects them with cloud identities and accessible resources so security staff can judge which applications may reach sensitive data. Its agentless SideScanning technology is designed to find previously unknown services without requiring employees to register them.

“AI has turned everyone into a builder, but security teams are often the last to know what’s been created,” CEO and co-founder Gil Geron said in the release.

For autonomous agents, Orca says a new Agents tab in its AI Bill of Materials inventories cloud-managed and self-hosted agents, including coding agents operating on cloud workloads. It maps their relationships with models, tools, servers, cloud identities and data stores.

The company says the platform can flag excessive permissions, disabled approval controls, exposed credentials, insecure connections and access to destructive tools. Findings feed into its existing risk scoring and attack-path analysis to help security teams decide which exposures to address first.

Orca also says it can attribute AI-generated code to the agents and models that produced it. Its AI Skills Hub is designed to bring security requirements, scanning and suggested fixes into coding-agent workflows before code is committed.

What it means: The announcement targets a visibility problem: staff and AI agents can create software or gain access before security teams know they exist. For businesses, the test is whether discovery and permissions checks work in their own environments. The release does not provide pricing or measured customer outcomes.

JBizNews Desk | Technology & Israel Business

© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

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Archive view of Binghamton University Downtown Center, photographed by Jonathan Cohen in April2010. Illustrative university photograph, not the NYCAIRR facility or launch.

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Jonathan Cohen / Binghamton University / CC BY-SA 3.0

ALBANY – Governor Kathy Hochul launched the New York Center for AI Responsibility and Research at SUNY Binghamton Tuesday, bringing together more than 80 researchers across the state to independently test advanced artificial-intelligence systems and study their safety and security.

New York also opened a registration portal for large frontier AI developers operating in the state, ahead of a January 1, 2027 deadline under the RAISE Act, according to the Governor’s November 10 announcement.

Greg Morrisett of Cornell Tech and Jeannette Wing of Columbia University will serve as interim co-directors of the center, known as NYCAIRR. They will guide its scientific agenda and evaluation work while building a statewide network whose researchers continue working at their home institutions.

The center will use Empire AI computing resources for independent testing of frontier systems, foundational research and training for AI safety specialists. Its work is intended to develop tools, measurements and standards for evaluating increasingly powerful systems and to provide evidence that can inform public policy.

The launch is a research and testing initiative, not proof that any particular AI system is safe. The center’s planned work includes studying how systems operate, where they can fail and how to assess their security.

What developers must do: The Office of Digital Innovation, Governance, Integrity, and Trust, or DIGIT, has opened the RAISE registration portal. Large frontier developers operating in New York must register by January 1, 2027. Beginning in January, large frontier developers must also publish safety frameworks on their websites.

The reporting duties extend beyond large developers: all frontier AI developers operating in New York must report critical safety incidents and publish model-transparency reports. The announcement describes the law’s critical-incident reporting deadline as within 72 hours.

At the state’s request, NYCAIRR can provide expertise, assessments and evidence to inform oversight. It will coordinate with DIGIT to begin reviewing developers’ published safety frameworks and recommend ways to strengthen requirements.

Funding background: The center was first announced in January with a $30 million philanthropic gift from donors led by Binghamton alumnus and Bloomberg LP co-founder Tom Secunda, paired with an initial $25 million SUNY research investment and state operating capital. Those commitments are not a new $55 million announcement Tuesday.

The $500 million figure in the release refers to the broader Empire AI public-private initiative, not the center’s own budget.

JBizNews Desk | New York & Technology

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Managing director Bridgette Osguthorpe brings 20-plus years of experience after 16 years at Summit Sotheby’s International Realty

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Archive photograph of managed server racks in a Sydney data center, before May2009. Illustrative, not Mercor facilities.

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SAN FRANCISCO – Mercor announced a $750 million Series D at a $20 billion valuation Tuesday, saying it will expand the infrastructure and research that help companies evaluate and further train artificial-intelligence models for their own work.

The round included an employee tender, co-founder Brendan Foody wrote in the company’s November 10 announcement. The company did not separate the tender from the rest of the financing in that post, so the full $750 million should not be read as new operating cash going to Mercor.

Participating investors included Benchmark, General Catalyst, NVIDIA, Salesforce and Zoom, alongside Felicis, Fundomo, funds managed by affiliates of Apollo, G Squared, Glade Brook Capital, Sapphire Ventures, StepStone Group and XTX Ventures.

Mercor supplies human expertise and training data to help AI developers and businesses measure and improve models. The company says it is extending capabilities built for frontier AI labs to enterprises that want to test agents against their own systems, policies and quality standards.

Its funding release describes custom evaluations as a way to measure how reliably agents complete tasks and at what cost. Those tests can then guide post-training, the additional work used to adapt a model after its initial training.

Mercor says the funding will support evaluation and post-training infrastructure, research and realistic environments in which AI agents can practice professional workflows. It acquired Deeptune earlier this year, adding a team that recreated enterprise applications as training environments, according to the company.

The company says its network includes more than five million experts. Foody also said Mercor opened offices in New York and London this year beyond its San Francisco base. The network size and expansion are company-reported figures and developments.

What it means: Mercor is pitching businesses a way to judge AI against the work they actually need done, rather than relying on a general benchmark. The announcement sets out its financing and expansion plans; it does not establish that a particular customer’s AI system meets that customer’s performance standards.

JBizNews Desk | Business & Technology

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Grand Theft Auto VI’s highly-anticipated launch next week has some businesses bracing for a productivity nightmare, with millions of gamers potentially calling out sick—or sneaking in playtime on the clock. Logitech, however, is getting ahead of the curve: The $13 billion tech giant is giving its 7,000 global employees a day off to play video games. 

Dubbed “Logi Game Day,” the new initiative gives Logitech employees, from full-time workers to interns, the opportunity to take one day off from now until this time next year to play a game of their choice.

“It’s time to retire the stereotype that gaming is a waste of time,” Hanneke Faber, Logitech’s chief executive officer, said in a statement. “As a company designing products for work and play, we see every day how engagement in one sphere supports performance in the other. ”

Faber doesn’t necessarily plan to take a day off herself to game, but she will participate in the company’s Nov. 19 streaming event, when the company plans to transform its office into a full-fledged gaming lounge. The date is no coincidence: It also marks the launch of GTA VI. But workers can save the day off until 2027 if they want.

“I’m ready for some fun and (friendly) competition,” she told Fortune.

Logitech says playing video games like GTA 6 can make workers more productive

One estimate suggested that the U.S. economy could lose as much as $1 billion in productivity as 1.5 million workers potentially skip work for GTA VI’s release. But according to Victor Matheson, an economist at the College of the Holy Cross who studies sports and major events, even if the figure were accurate, the lost productivity might not be such a bad thing.

“But even if it were true, it’s not necessarily a bad thing if people are happier,” Matheson previously told Fortune. “And it’s pretty tiny in the big picture anyway.”

Instead, Logitech is betting that giving employees dedicated time to play could actually make them more productive.

A study released by Logitech last month, surveying 900 adults and an additional 100 gamers across nine countries, found that 4 in 5 respondents agreed gaming makes them more confident handling real-life challenges and helps them stay calm and focused in high-pressure situations.

“Play is not the opposite of work,” Elaine Laird, Logitech’s chief people officer, said in a statement. “When people have dedicated time to log off, decompress and immerse themselves in play, they return with clearer focus, renewed energy and fresh approaches to complex challenges.”

Logitech’s executives largely practice what they teach. Laird has a friendly competition with coworkers playing the mobile block puzzle game Block Blast, while chief financial officer Matteo Anversa plans to take his game day off to play Forza on a simulation racing rig.

Still, GTA VI is likely to be the main attraction when it launches. The game is expected to be one of the biggest entertainment releases of the year, with nearly 8 million copies already estimated to have been sold.

“If employees choose to spend their Gaming Time Off exploring Vice City on launch day, you won’t hear any complaints from us,” a Logitech spokesperson added to Fortune.

GTA VI’s publisher, Take-Two Interactive, increased its fiscal year 2027 outlook to an estimated $8.2 billion in net bookings, according to its quarterly earnings report released Monday. For comparison, the company achieved $5.65 billion in net bookings for fiscal year 2025.

GTA VI fever is spreading: Workers are booking PTO, and the Army is using the game to lure soldiers into reenlisting

Logitech isn’t the only organization taking advantage of the GTA VI hype.

A U.S. Army unit in Georgia went viral earlier this year for offering active-duty soldiers a four-day pass to play the game as an incentive to reenlist.

“The idea was to have a unique incentive program that connects to what soldiers are interested in,” Lt. Col. Angel Tomko, spokesperson for the 3rd Infantry Division, said in a statement to Fortune earlier this year. At the time, nearly two dozen soldiers had already signed up for the offer.

Data from BambooHR shows that PTO requests for GTA VI’s release date are nearly 13% higher than on comparable days in previous years. The company’s own survey found that 18% of salaried workers said they plan to take the day off for the launch.

But not everyone is planning to put in their requests ahead of time. Half of gamers who plan to take time off for an upcoming game release said they intend to call in sick rather than schedule PTO in advance—a potential headache for employers hoping to keep their teams fully staffed at the end of next week.

This story was originally featured on Fortune.com

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Prime Minister Benjamin Netanyahu said in his address to the Knesset on Tuesday that Iran is working to renew its nuclear threat, and that “the only way to permanently remove this existential threat is through the downfall of the Ayatollah regime.”

Netanyahu also warned that Israel will imminently face international pressure to accept Iran as a nuclear power and “to tolerate the terrifying regime seeking its destruction.”

The prime minister also added that Israel can be expected to be pressured to “retreat from its monumental achievements and from the major progress made regarding security zones.”

He pushed for Knesset members to set aside other priorities and considerations in order to form a national unity government, insisting that only such a government is capable of facing such challenges.

Netanyahu’s speech was interrupted by former prime minister and B’Yachad MK Naftali Bennett, who shouted at him, “What about your Qatari advisers? What about investigating October 7?”

Bennett’s remarks drew an inaudible response from Netanyahu’s wife, Sara, and son, Yair, who were in attendance.

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The Energy Department is touting a $480 million loan meant to help boost oil and natural gas production in the Gulf of America.

“The U.S. Department of Energy’s (DOE) Office of Energy Dominance Financing (EDF) today announced the financial close of a $480 million loan for Arena Energy’s Project Elkhorn to increase oil and natural gas production across the Gulf of America shelf,” the department noted in a press release obtained by Fox News.

“The project will modernize 22 offshore platforms off the coast of Louisiana and, at peak production, is expected to add up to 38,600 barrels of oil per day and up to 77 million cubic feet of natural gas per day to U.S. energy production,” the release adds.

TRUMP MEETS KEY IRAN WAR MEDIATOR AS UAE REVEALS MAJOR OIL EXPORT SURGE DESPITE CONFLICT

The company is now producing about 30,000 barrels of oil in the gulf per day, according to the Energy Department.

“The United States is the world’s largest producer and exporter of oil and natural gas, and thanks to President Trump, American energy production will continue to grow,” Energy Secretary Chris Wright said, according to the department. “Project Elkhorn will increase oil production by up to 38,600 barrels per day and create thousands of jobs. By providing financing for projects like Project Elkhorn, the Energy Department is expanding domestic production and strengthening our energy security to power American prosperity for decades to come.”

TRUMP ANNOUNCES END OF BIDEN-ERA METHANE RULE, CITING $45B IN SAVINGS

Americans have been facing elevated fuel prices amid the U.S. war with Iran this year.

As of Nov. 10, the AAA national average price for regular gas is $3.9788, which is much higher than the year-ago average of $3.0707, but much lower than the highest recorded average price of $5.0165 that was reached in June 2022 during President Joe Biden’s White House tenure.

TEXAS OIL INDUSTRY BECOMING ‘CALIFORNICATED’ COULD HAVE ‘DIRE CONSEQUENCES’ FOR ECONOMY, ENERGY BOSS WARNS

CLICK HERE TO GET FOX BUSINESS ON THE GO

“Thanks to President Trump and Secretary Wright’s leadership, EDF is putting existing energy infrastructure back to work for the American people,” EDF Director Gregory Beard noted, according to the Energy Department’s release. “Project Elkhorn will expand domestic oil and natural gas production, create good-paying American jobs, and strengthen our energy security while generating substantial returns for American taxpayers.”

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ArchiveJune2024StateDepartmentexteriorinWashington,nottheRubioSybiha meeting location.

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Ajay Suresh / Wikimedia Commons / CC BY2.0

Secretary of State Marco Rubio met Tuesday with Ukrainian Foreign Minister Andrii Sybiha and discussed negotiations to end the Russia-Ukraine war, energy resilience and defense cooperation, the State Department said.

The department’s November 10 readout identifies those subjects but does not announce an agreement, an aid package or a change in either country’s commitments.

The brief statement provides no meeting location or time and does not describe specific negotiating proposals, energy projects or defense arrangements. It confirms the discussion, not a result from the negotiations.

The Ukraine meeting is separate from Rubio’s earlier comments about Iran and the Middle East, which JBizNews covered Tuesday. The Ukraine readout does not announce a link between those subjects.

JBizNews Desk | Global Affairs

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Archive2006Coloradooilpumpjack,photoGregGoebel,cropped16:9,notcurrenttradingactivity.

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Greg Goebel / Wikimedia Commons / CC BY-SA2.0

NEW YORK – Oil futures traded lower Tuesday morning, with U.S. benchmark West Texas Intermediate below $86 a barrel and Brent below $91 in delayed exchange quotes.

December 2026 WTI futures, contract CLZ6, traded at $85.64 a barrel, down $1.21, or 1.39%, from the prior settlement of $86.85, according to CME Group’s quote table. The contract’s displayed trade time was 9:07:59am Central, or 10:07:59am Eastern, on November 10.

January 2027 Brent crude futures traded at $90.750 a barrel, down 1.966% on the day, in ICE Futures Europe’s quote table. Its displayed trade time was 3:07pm GMT, or 10:07am Eastern.

The contracts cover different delivery months. These are intraday futures prices, not settlement prices or retail gasoline prices. CME says its market data is delayed by at least 10 minutes; ICE labels its data delayed by a minimum of 15 minutes.

What it means: The morning decline is visible in both major oil benchmarks. For readers tracking energy costs, the contract, timestamp and data delay matter when comparing one quote with another.

JBizNews Desk | Energy & Markets

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Archive2016photoofprescriptionbottles,notRxTranYiddishlabels.

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Airman Valerie Monroy / U.S. Air Force / Public domain

NEW YORK – Pharmacies using RxTran can now provide prescription directions in Yiddish, the company announced Tuesday, adding a new language option for patients and families who prefer to read medication instructions in Yiddish.

RxTran, a division of Language Scientific, said Yiddish is its 27th language. The option is available through participating pharmacy-management systems and through the company’s web platform, according to its November 10 announcement.

This is an announcement about a vendor’s service, not a new New York requirement or confirmation that every pharmacy offers Yiddish labels. Availability at a particular pharmacy depends on whether it uses the service.

The company said Moshe Ringel, a licensed bilingual pharmacist practicing in Lakewood, New Jersey, validated the Yiddish translations. RxTran described a review process that included translation, independent editing, translation back into English for comparison and final pharmacist approval.

“I went through the translations line by line to make sure they make clinical sense and that a Yiddish speaker would understand them as intended,” Ringel said in the announcement.

RxTran’s service page also lists Yiddish among the languages it supports. The company says its software matches prescription directions to a library of pre-translated phrases and can print the translated directions on container labels.

RxTran named Computer-Rx, PDX Enterprise Pharmacy System, QS/1 and Rx30 among the systems it works with. Pharmacies without an integrated system can use its web platform, the company said.

Language Scientific and RxTran CEO Sharon Blank said Yiddish-speaking families should be able to bring a prescription home and follow the directions on the bottle. The company says readable labels can support understanding and medication adherence. Those are its stated goals and benefits, not independent clinical outcomes established by this announcement.

What it means for families: Yiddish-speaking patients can ask their pharmacy whether it offers RxTran’s Yiddish-label option. A label in a preferred language can be part of a conversation with the pharmacist about understanding the directions; the announcement does not change the prescription itself.

JBizNews Desk | Health & New York/New Jersey

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Self-storage urban v. suburban

Suburbs still win the self-storage race, but a surprising group of metros is heading downtown.

Self-storage development continued on a mostly suburban path over the past decade (2016 to 2025), with 59% of all new construction delivered during that period, amounting to 261 million square feet, located outside city centers.

Although urban self-storage is attractive, with population density and smaller living spaces creating extra demand, there are significant hurdles to building it, including but not limited to the scarcity of suitable land plots and, in many cities, strict zoning laws.

Even so, among the country’s 100 largest metro areas, 41 delivered at least 50% of their inventory in high-density urban areas over the past decade. StorageCafe’s latest study on urban vs. suburban self-storage development analyzed both sides of the coin: where suburban self-storage dominates, and where urban self-storage is taking flight.

The New York metro area leads in sheer square footage of suburban self-storage.

The New York metro area delivered a remarkable 25.8 million square feet of self-storage over the past 10 years, with 69% of it located in the suburbs — hardly surprising given New York City’s zoning laws and land availability and costs. In fact, the almost 8 million square feet of urban self-storage delivered here in the same period can be considered an impressive achievement for the sector, considering the headwinds.

The Atlanta metro area ranks second nationwide for suburban self-storage, with close to 15 million square feet delivered between 2016 and 2025, compared to about 3.3 million square feet in city centers. The significant growth of Atlanta’s suburban population acted as a major motivator for this trend. Dallas-Fort Worth-Arlington rounds out the national podium for suburban self-storage deliveries, but the situation is a lot more balanced: 14.6 million square feet went online in the suburbs, compared to 10 million in city centers. Other metro areas where suburban self-storage leads in sheer square footage include Houston, Chicago and Phoenix.

Changing the lens to suburban deliveries as a share of total deliveries, we notice Boston, where almost the entirety of the 7.9 million square feet of new space over the past decade went to the suburbs. The situation in Detroit is quite similar, with 95% of the 6.5 million square feet built over the past 10 years being suburban.

Midsize metro areas are where urban self-storage thrives.

As we have already seen, suburban self-storage is the rule and the status quo: a significantly higher share of what’s being built in the country’s largest metro areas actually goes to the suburbs. However, there are certain metro areas where urban development leads, and, as our analysis shows, many of them are midsize but fast-growing and located in the Sun Belt and Mountain West regions.

The Las Vegas metro area takes the top spot, with 96% of its 6.5 million square feet of decade deliveries located in urban areas, while the pipeline looks the same: every square foot planned or under construction is urban. Where centrally located land is sitting underused, storage can find room without going head-to-head with homebuilders.

Colorado Springs, Colorado, ranks second, with 89% of its new space (over 2.1 million square feet) delivered in urban areas, and 91% of the pipeline pointing the same way. Wichita, Kansas, follows at 86%, with close to a third of its urban inventory being less than 10 years old. Neither is a city anyone would call a skyline, which says a lot about where urban storage is actually being built: in downtowns that are filling up with new apartments, not necessarily in big-city cores. “Developers build where demand and available land overlap. In the largest metros, land costs and zoning tend to push that overlap to the suburbs, while in midsize metros it is often downtown,” said Victor Maghear, StorageCafe market analyst.

El Paso, Durham-Chapel Hill and Tucson have delivered 80% or more of their new space in urban areas (85%, 81% and 80%, respectively), and all three have a large institution at the center: major universities in the second two and a big military presence in the first. Students, researchers and service families rent, move often and rarely enjoy spare closets, which is exactly the kind of customer that keeps self-storage units turning over.

Zoning rules shape the map as much as demand does. El Paso allows storage in apartment districts, while Cape Coral, Florida, which delivered over 3 million square feet of urban space (83% of its total), revised its land development code in 2024 in a way that pointed new facilities toward established urban areas and mixed-use developments.

Scranton-Wilkes-Barre, Pennsylvania, is flipping the local balance as more people are moving into downtown buildings. Its total existing inventory is 62% suburban, yet 81% of what was built in the last decade went urban.

Urban inventories grew the most in Northeastern metros

There’s another way to look at the urban trend: how much of a metro’s current urban self-storage was built in just the last 10 years. By that measure, the Northeast comes out on top.

In Providence, Rhode Island, about 66% of the urban self-storage inventory was delivered in the past decade, followed by Worcester, Massachusetts, at 63% and New Haven, Connecticut, at 52%. In Albany-Schenectady-Troy, New York, the figure is 48%, and two-thirds of the 500,000 square feet in the pipeline are urban, so the momentum isn’t fading.

Numbers this high mean there was very little urban storage to begin with, and downtown housing revivals have created demand almost from scratch. The same logic applies far from the Northeast. In Huntsville, Alabama, where the urban population grew faster than the suburban population — by more than 20% in a decade — half of the urban inventory is new.

San Antonio, Austin and Los Angeles are changing course in the pipeline

San Antonio delivered 82% of its new space in urban areas over the past decade, but its pipeline is now split 51% urban and 49% suburban, with growth along the Interstate 35 corridor toward Austin adding suburban renters. Austin, at the other end of that corridor, shows a similar move: urban areas received 51% of its deliveries over the decade; however, the majority (76%) of the 1.3 million square feet planned or under construction is suburban.

Los Angeles moves in the opposite direction. Urban areas received 44% of the space delivered over the past decade, but now they account for 54% of what is planned or under construction: nearly 1.8 million square feet of space, the largest urban pipeline in the country.

Suburban storage may remain the default across America, but wherever downtowns are repopulating, self-storage is making its way back to the cities.

The post Self-storage stays suburban – except where it doesn’t appeared first on Market Share.

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Want to stay on top of the science and politics driving biotech today? Sign up to get our biotech newsletter in your inbox.

Good morning. We’ve got lots of news that we’ll get straight into.

The need-to-know this morning

  • Beam Therapeutics said its CRISPR-based treatment for sickle cell disease achieved the primary goal of a pivotal clinical trial — freedom from severe pain crises for at least 12 months. No detailed data were disclosed, but Beam said it would file an FDA marketing application for the therapy, called risto-cel, as soon as the end of this year.

PepGen shows promising data for muscular dystrophy 

The biotech company PepGen said this morning that its experimental drug had shown, by one key measure, the most promising early data yet in the race to treat a commmon type of muscular dystrophy.

Continue to STAT+ to read the full story…

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