Pope Leo XIV seated, May 2025 archive portrait, cropped to landscape.

URL has been copied successfully!

Edgar Beltran / The Pillar / CC BY-SA 4.0 (cropped/resized)

Pope Leo XIV told Argentina’s leaders Sunday that the economy must serve the person, pairing that message with a call to encourage private initiative, broaden the benefits of growth and create opportunities for young people.

President Javier Milei was present for the address to authorities, civil society and the diplomatic corps at Palacio Libertad in Buenos Aires, according to the Vatican’s official account and Spanish-language transcript. Milei delivered welcoming remarks before the pope spoke.

“The economy must be at the service of the person, and not the person at the service of the economy,” Leo said, translated from Spanish.

In the same passage, he described the ability to live from one’s own work as a basic condition of daily life. Work, he said, allows people to support their families, develop their abilities and participate in building their country. He urged policies that open opportunities, encourage private initiative and allow growth to reach people facing greater difficulties.

The pope singled out families living with uncertainty, people looking for jobs, older people and workers who struggle to cover household needs. His appeal connected economic opportunity with the responsibilities of public service and the dignity of individuals.

Turning to young people, Leo said the opportunities they find now will shape whether they can build their lives in Argentina. He called for stronger education, vocational training, universities and research, alongside trust in young people’s ability to take initiative and assume responsibility.

The address followed a private meeting between Leo and Milei at the Casa Rosada. In his broader remarks, the pope urged dialogue across political differences, care for the country’s natural resources and ethical responsibility in the use of new technologies, including artificial intelligence.

JBizNews Desk | Buenos Aires

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Beethoven / Wikimedia Commons, CC BY-SA 4.0. Archive Capitol exterior March 26, 2018, resized. Not Sunday announcement.

URL has been copied successfully!

Beethoven / Wikimedia Commons / CC BY-SA 4.0 / Archive U.S. Capitol exterior, March 2018, resized; not Sunday’s announcement

President Donald Trump urged senators Sunday evening to support the American Affordability and Jobs Act, saying the permitting legislation would speed energy projects and require data centers to build and pay for their own electricity.

“I am urging all Senators to vote for The American Affordability and Jobs Act (S. 5653)!” Trump wrote in a 7:05 p.m. Eastern post on Truth Social. He called the measure a win for U.S. energy independence and urged supporters to contact their senators.

The president said the bill would put his energy agenda into law and allow pipelines, mines and power plants to be built faster. He argued that the changes would lower energy costs for families and create high-paying jobs. Those are the benefits Trump claimed for the legislation, rather than results already delivered by it.

Trump also tied the bill to his position on the electricity demands of data centers. “This Legislation also codifies my RATEPAYER PROTECTION PLEDGE, ensuring Data Centers build and pay for their own Electricity, and help invest in their local communities,” he wrote.

The post framed data-center construction as an issue of international competition, with Trump arguing that China would welcome facilities the United States did not want. He pressed senators to vote yes but did not announce that the measure had passed.

The appeal puts permitting and responsibility for data-center electricity costs together in Trump’s push for Senate action. His post was an endorsement of the legislation, not an announcement that new permitting rules or ratepayer protections were already in force.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
DJTechYT / Wikimedia Commons, CC BY-SA 4.0. Archive White House exterior, June 2024; not the departure announcement. Resized.

URL has been copied successfully!

DJTechYT / Wikimedia Commons / CC BY-SA 4.0 / Archive White House exterior, June 2024; not the departure announcement

White House Deputy Chief of Staff Richard Walters is leaving the Trump administration ahead of Stephen Miller’s move into the chief of staff role Monday, according to statements Walters and Miller issued Sunday.

Walters said in a statement that he would continue supporting the administration from outside the White House. Miller separately confirmed the departure, praising Walters’ work.

“Serving President Trump has been the honor of a lifetime and I will always be thankful to Susie Wiles for the opportunity,” Walters said in his statement. “Stephen is building an incredible and capable team to implement the President’s agenda and I look forward to being part of it from the outside.”

The departure comes as Miller prepares to replace Susie Wiles as chief of staff on Monday, November 9. Walters was a longtime political ally of Wiles, with a relationship extending back more than a decade.

The statements did not identify an effective departure date.

Miller called Walters an “invaluable member of the White House” in his statement and said he would continue to help the administration from outside. Neither statement described Walters’ next position.

Walters joined the White House in May. A veteran Republican operative, he previously served as chief of staff at the Republican National Committee and as executive director of Trump’s 2025 inaugural committee.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Anna Zvereva / Wikimedia Commons, CC BY-SA 2.0. Archive Arkia aircraft, August 2022; not identified as the aircraft involved. Resized.

URL has been copied successfully!

Anna Zvereva / Wikimedia Commons / CC BY-SA 2.0 / Archive Arkia aircraft, August 2022; not identified as the aircraft involved

A passenger tried to enter the cockpit of an Arkia flight from Tbilisi to Ben Gurion Airport on Friday, according to reports published Sunday. Arkia confirmed an incident on the flight and said the crew handled it according to procedure, stressing that flight safety was never endangered.

The incident occurred aboard flight IZ418 on November 6, Maariv reported Sunday. The passenger approached the front of the aircraft about an hour after takeoff and repeatedly struck the cockpit door while trying to get inside. The reinforced door remained closed, according to the report.

Arkia said the flight crew handled the incident with help from members of the passenger’s family and reported it to the relevant authorities in accordance with procedures.

“We emphasize that at no stage was there a danger to flight safety,” the airline said in its response to Maariv. Arkia declined to discuss the passenger’s personal circumstances, citing privacy.

The attempted cockpit entry did not succeed.

JBizNews Desk | Israel

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Giselleai / Wikimedia Commons, CC BY 2.0. Archive aerial view of Darwin, June 2007. Not an EcOz project site; resized.

URL has been copied successfully!

Giselleai / Wikimedia Commons / CC BY 2.0 / Archive aerial view of Darwin, June 2007; not an EcOz project site

Onterris has acquired EcOz Environmental Consultants, expanding its Australian consulting network into the Northern Territory with offices in Darwin and Alice Springs.

The environmental services company, which trades on the New York Stock Exchange under the symbol ONT, announced the acquisition Sunday in a company release. EcOz will join Onterris’ consulting division, adding a Northern Territory presence to its existing network across Queensland, New South Wales, Victoria and South Australia.

EcOz provides environmental and advisory services for the development, operation and rehabilitation of projects. Its work focuses on helping clients manage regulatory, environmental and stakeholder risks through practical, science-based advice, according to the announcement.

For Onterris, the acquisition extends the geographic reach of an Australian platform it has been building through local capabilities. The company pointed to EcOz’s technical expertise, client relationships and established presence in the Northern Territory as the reasons for the deal.

“We are excited to welcome EcOz to Onterris and further expand our environmental consulting capabilities across Northern Australia,” Onterris President and Chief Executive Officer Vijay Manthripragada said in the release.

EcOz owner and Managing Director Ray Hall said the firm’s work had been built on local relationships and a commitment to the communities and environments it serves. “I’m excited about what comes next and the opportunity to build on those strengths as our people, capabilities and impact continue to grow as Onterris,” he said.

Nash Advisory served as lead financial adviser and Ward Keller as legal adviser to EcOz. Jones Day advised Onterris on legal matters. The announcement did not disclose a purchase price or financing terms.

JBizNews Desk | Little Rock, Arkansas

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

URL has been copied successfully!

Israel Police operating in the West Bank have opened investigations into three suspects arrested over the weekend for illegal possession of firearms and other weapons, as well as gazelles, a protected species in Israel, police announced on Sunday.

The suspects were arrested during a military operation during which illegal firearms were seized across the West Bank.

In the village of Shufa, near Tulkarm, Israeli forces acting on previously gathered intelligence found three hunting rifles hidden in a civilian home and an adjacent greenhouse, along with a large amount of ammunition, IDF uniform pants, and two knives. Police arrested the suspect, a Shufa resident in his 40s, at the scene.

Police also found and seized four gazelles being held there, which were later handed over to the Israel Nature and Parks Authority due to their status as protected animals.

Israeli forces arrest two in Nablus region 

In Askar, a refugee camp on the outskirts of Nablus, Israeli forces seized an M-16 rifle and a handgun, both hidden inside a home, and arrested a Nablus resident in his 20s in connection with the find.

Weapons and IDF uniform trousers are seen after they were seized from a Palestinian resident of the West Bank. Image released on November 8, 2026. (credit: ISRAEL POLICE SPOKESPERSON'S UNIT)

In the village of Bizzariya, about 13 km. (8 miles) northwest of Nablus, Israeli forces seized a hunting rifle while responding to a reported shooting. The man suspected of possessing the rifle, a resident of the village in his 20s, was arrested

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

US Secretary of State Marco Rubio said on Sunday that negotiations with Iran have made little progress, stressing that Washington is not close to reaching a diplomatic breakthrough with Tehran.

Speaking to reporters ahead of his departure for France to attend a meeting of G7 foreign ministers, Rubio said, “I have no progress to report. There are several countries that continue to engage with Iran and put forward various ideas, but I would not say that we are on the verge of a breakthrough.”

Rubio said President Donald Trump continues to favor a diplomatic solution, but acknowledged that Iranian demands remain a major obstacle to reaching an agreement.

“The president will always prefer to resolve this problem, like any other problem, through diplomatic means. Unfortunately, sometimes that is impossible. If there is an opportunity to do so, we will examine it. At the moment, the talks have not been particularly productive because the Iranian demands are simply unacceptable, and in some cases they are outrageous, ridiculous, and detached from reality,” he added.

Rubio also addressed the possibility of additional US strikes on Iran, saying Washington would act if American forces or shipping in the region came under threat.

US Secretary of State Marco Rubio speaks to the media before departing from Homestead Air Reserve Base in Homestead, Florida, on November 8, 2026. (credit: Brendan SMIALOWSKI / POOL / AFP via Getty Images)

“If there is a clear and immediate threat to shipping or to our forces in the region, we have the right to defend ourselves. It all depends on the level of the threat and whether they are acting against us or intend to do so,” he said.

Rubio defends Trump’s decision to go to war with Iran despite political fallout

The secretary of state also defended Trump’s decision to go to war with Iran, despite the potential political consequences of the conflict.

“A nuclear Iran would be unacceptable and dangerous not only to Israel and the Middle East, but to the entire world and the United States. The president confronted a threat that other presidents were unable to confront. Sometimes doing the right thing is not necessarily popular, but it is necessary,” Rubio said.

Rubio declined to comment on whether the war had contributed to Republican losses in the US midterm elections.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

The Khor Mor gas field, an important energy facility, was attacked Saturday. The attack came less than 24 hours after a report that the Iranian-backed group Kataib Hezbollah had made comments about the gas facility. 

In the past, Iranian-backed groups have targeted the facility. The Kurdistan Region of northern Iraq and its Kurdistan Regional Government have long asked Baghdad for drone defenses to defend the gas field and other sites. Iran has carried out more than 1,000 drone and missile attacks on the Kurdistan Region since February. 

Rudaw media in Erbil, the capital of the Kurdistan Region, reported that “gas production at the Khor Mor field west of Sulaimani came to a halt late Sunday after an unknown projectile struck the facility’s gas storage unit, causing significant damage, according to a Rudaw reporter on the ground.” Reports and videos online show smoke and fire billowing from the facility and the sky lit up in orange from the flames. Some reports say the facility was struck by a drone.

Rudaw added that “a source from the field confirmed the attack to Rudaw’s Peshawa Bakhtyar but couldn’t determine whether the attack came from an attack drone or a rocket, adding that the strike has caused a ‘massive fire’ in the field.”

Bakhtyar also said that the strike “hit Khor Mor’s warehouse unit, which stores nearly 1.5 thousand tons of cooking gas through 170 oil tankers. The source said the fire was close to being brought under control.” A Telegram channel linked to pro-Iran terrorist groups has said a drone was involved in the attack.

A mourner attends the funeral of a commander from Iraq's Kataib Hezbollah armed group who was killed in what they called a ''Zionist attack'' in the Syrian capital Damascus on Friday, during a funeral in Baghdad, Iraq September 22, 2024.  (credit: REUTERS/THAIER AL-SUDANI)

Kataib Hezbollah makes veiled threat, alluding to Khor Mor

Meanwhile, on Sunday, reports noted that Abu Mujahid al-Assaf of Kataib Hezbollah had slammed Iraq’s prime minister Ali al-Zaidi and said, “we do not want to air dirty laundry in public, nor open the files of (Khor Mor) and the incitement to target it for the purpose of extorting the UAE; for whoever’s house is made of glass should not throw stones at people.”

The reference to Khor Mor may have been a threat. Zaidi has vowed to rein in armed groups and confiscate their weapons. Kataib Hezbollah has been in the spotlight amid this attempt to disarm various groups, including the Iranian-backed groups. Zaidi also canceled contracts at Mosul airport because the contracts were linked to “armed groups,” which is usually a euphemism for Iranian-backed terrorist groups in Iraq. 

Kataib Hezbollah has targeted facilities in Iraq in the past and also targeted Saudi Arabia and killed three Americans in Jordan in January 2024. Khor Mor gas field was attacked in December 2025, February 2025 and August 2023.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Firefighters in Kiryat Ata, near Haifa, were called to Yitzhak Rabin Road on Sunday after a report of an animal in distress, only to find a cow stuck in the mud up to its neck after several days of heavy rain across the country, the Fire and Rescue Authority said.

Emergency responders quickly determined that the cow had been trapped for some time and realized the situation was more than they could handle alone. They called the municipality, which sent a veterinarian to the scene. A short time later, the cow was pulled out of the mud unharmed, using heavy machinery fitted with specialized straps.

IDF halts Golani Brigade drill after 80 cows wander into firing range in North

It was not the first time this year that cattle in northern Israel ended up somewhere they should not have been. In August, two herds wandered onto a firing range during an IDF training exercise, disrupting and ultimately halting the drill, Israel Police confirmed at the time.

Soldiers from the IDF’s Golani Brigade were training on the range when the cattle appeared, likely using live fire.

Authorities seized and quarantined about 80 cows in the Moshav Dor area, along Israel’s northern Mediterranean coast, north of Caesarea. The operation required a period of intelligence gathering and the cooperation of the Border Police, the Israel Air Force, and the Israel Nature and Parks Authority.

Emergency responders rescue a cow stuck in the mud in Kiryat Ata on November 8, 2026. (credit: ISRAEL FIRE AND RESCUE AUTHORITY)

Police suspected that the cattle belonged to residents of Muawiya and Ein Ibrahim, two villages next to Umm el-Fahm, near the Golani Brigade training base where the cattle were found.

At the time, the cattle were expected to remain in quarantine until their owners, who were under investigation by the Border Police, paid fines for letting their livestock stray onto an IDF firing range.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

Cyberdoomslayer, CC BY-SA4.0 https://creativecommons.org/licenses/by-sa/4.0/ . ChicagoBoardofTrade November2008archive, resized.

URL has been copied successfully!

Cyberdoomslayer / Wikimedia Commons / CC BY-SA 4.0 / Chicago Board of Trade archive, November 2008, resized

U.S. stock-index futures were mixed Sunday evening, with Nasdaq-100 and S&P 500 contracts lower while Dow futures edged higher.

The December 2026 E-mini S&P 500 contract, ESZ6, traded at 7,388.00, down 14.00 points, or 0.19%, from its prior settlement of 7,402.00. The contract’s quote row was timestamped 6:57:59 p.m. Eastern on November 8.

The December 2026 E-mini Nasdaq-100 contract, NQZ6, stood at 26,932.25, down 153.00 points, or 0.56%, against a prior settlement of 27,085.25. Its row carried a 6:57:58 p.m. Eastern timestamp.

The December 2026 E-mini Dow contract, YMZ6, was at 51,447, up 62 points, or 0.12%, from its previous settlement of 51,385. That row was timestamped 6:57:53 p.m. Eastern.

The exchange data is delayed by at least 10 minutes. These are futures-contract prices measured against each contract’s prior settlement, not changes in the underlying cash indexes or a forecast of Monday’s closing levels.

The split left the technology-heavy Nasdaq-100 contract weaker than the broader S&P 500 contract, while the Dow contract remained above its prior settlement. The readings do not establish a single cause for the moves.

JBizNews Desk | New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Abdelrhman1990, CC BY-SA4.0 https://creativecommons.org/licenses/by-sa/4.0/ . Archive Egyptian railway carriages at Alexandria, not the crash. Resized.

URL has been copied successfully!

Abdelrhman 1990 / Wikimedia Commons / CC BY-SA 4.0 / Archive Egyptian railway carriages in Alexandria, resized; not the crash

Egypt’s Health Ministry reported seven deaths and 125 injuries after Sunday’s train crash south of Cairo, with 71 injured people discharged from hospitals after treatment.

The ministry’s statement, published by Egypt’s State Information Service, said Health Minister Khaled Abdel Ghaffar was following the response and had directed his deputy to visit the injured in hospitals.

The ministry said 72 ambulances took part in transporting and evacuating patients. Hospitals received 132 people in total, comprising the 125 injured and seven who died.

The ministry’s account said 11 injured people were transferred for further treatment and 43 remained under medical observation. Reported injuries included bruises, fractures and cuts, with patients receiving examinations and treatment according to their condition.

The ministry said railway carriages overturned near the Gerza junction in Giza province on Sunday. The crash occurred in the al-Ayyat district south of Cairo, when a train heading toward Fayoum struck the rear of another train.

The figures describe the ministry’s reported accounting of casualties and hospital care. They do not establish a final determination of what caused the crash.

JBizNews Desk | Cairo

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Julianna01, CC BY-SA4.0 https://creativecommons.org/licenses/by-sa/4.0/ . Archive Bensonhurst Park neighborhood view, resized; not the attack site.

URL has been copied successfully!

Julianna01 / Wikimedia Commons / CC BY-SA 4.0 / Archive Bensonhurst Park neighborhood view, resized; not the attack site

A New York City school aide accused of killing Brooklyn jogger Katie Suarez has been arraigned and ordered held without bail. The Brooklyn District Attorney’s account of the case was described in a Sunday court report.

Sayed Mohassib, 27, faces charges of second-degree murder, tampering with physical evidence and criminal possession of a weapon in connection with the October 30 attack on the Shore Parkway Greenway in Bath Beach. The charges are allegations, and he has not been convicted.

Court documents described in the Sunday report allege that Mohassib told investigators he went to the bike path carrying a knife because he believed people were going to kill his family. That account is an allegation in the court papers, not an established explanation of the attack.

The criminal complaint also alleges that he told detectives he disposed of the knife and bloody clothing and tried to clean blood from inside his apartment.

Prosecutors allege surveillance footage showed Mohassib walking toward the running path before the attack and running away afterward. Court documents also describe video allegedly showing him returning home and later discarding items in a garbage chute.

Suarez went for a run and did not return home, according to the court records described in the report. She was found severely injured and taken to a hospital, where she died. The medical examiner determined the cause of death was a stab wound to the neck.

Investigators also alleged they found a stain inside Mohassib’s apartment that tested presumptively positive for blood. A presumptive test is the preliminary finding described in the complaint; it is not a finding of guilt.

Mohassib was employed as a school aide with the city’s Department of Education at the time of his arrest, according to the report. He remains in custody pending further court proceedings.

JBizNews Desk | Brooklyn

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Juan de Vojníkov, CC BY-SA4.0 https://creativecommons.org/licenses/by-sa/4.0/ . Archive human hair root microscope photo2007, resized, not trialimage.

URL has been copied successfully!

Juan de Vojníkov / Wikimedia Commons / CC BY-SA 4.0 / Archive human hair root under a microscope, 2007, resized; not a trial image

Veradermics will hold an investor call Monday morning to discuss 12-month data from a late-stage trial of its experimental extended-release oral minoxidil treatment for male pattern hair loss.

The call and live webcast are scheduled for Monday, November 9, at 8 a.m. Eastern, the company said in a November 8 company announcement. The discussion will cover topline results from Part B of Study 302, which evaluated VDPHL01 in more than 500 men with mild-to-moderate pattern hair loss.

Sunday’s announcement scheduled the presentation but did not disclose the 12-month results, safety-event counts or a regulatory action. It therefore does not establish how much hair growth was observed or whether the longer-term findings met the company’s expectations.

VDPHL01 is an investigational, non-hormonal tablet using an extended-release formulation of minoxidil. The company says its gel-matrix technology is designed to release the drug steadily over time. The formulation remains in development rather than approved for routine treatment.

Veradermics described Study 302 in the announcement as a randomized, double-blind, placebo-controlled registration-directed Phase 3 trial. Monday’s discussion concerns its 12-month Part B data, rather than a newly announced trial or an approval decision.

The company said the webcast and accompanying slides would be available through the Events page in its investor-relations website, with a replay following the call. Veradermics trades on the New York Stock Exchange under the symbol MANE.

JBizNews Desk | New Haven, Connecticut

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Bahnfrend, CC BY-SA4.0 https://creativecommons.org/licenses/by-sa/4.0/ . QatarAirways A7-ALH at MilanMalpensa2024 archive, resized, not new service.

URL has been copied successfully!

Bahnfrend / Wikimedia Commons / CC BY-SA 4.0 / Qatar Airways aircraft at Milan, 2024 archive, resized; not a new route announcement

Qatar and the United Arab Emirates exchanged instruments of ratification for an air transport agreement on Sunday, completing a formal bilateral step aimed at supporting air traffic between the two countries.

The governments signed the record of the exchange in Doha, Qatar News Agency reported. The announcement concerned the agreement between the governments, rather than the launch of a specific airline route.

Abdullah bin Saif Al Mansouri, director of the GCC Affairs Department at Qatar’s Ministry of Foreign Affairs, signed for Qatar. Saeed Abdulla Al Qemzi, the UAE’s ambassador to Qatar, signed on behalf of the Emirates.

QNA said the signing was part of efforts to strengthen bilateral cooperation in air transport and facilitate traffic between the countries. The agency’s account did not announce new flights, additional seat capacity or a change in fares.

The distinction matters for travelers and businesses arranging trips: Sunday’s development was a government-to-government ratification exchange, not an airline schedule announcement. The official report did not provide new service dates or booking details.

JBizNews Desk | Doha

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Zach1055, CC BY-SA4.0 https://creativecommons.org/licenses/by-sa/4.0/ . Saudi freight train near Dhahran August9,2025 archive, not the proposed GCC service. Resized.

URL has been copied successfully!

Zach1055 / Wikimedia Commons / CC BY-SA 4.0 / Saudi freight railway archive, August2025, resized; not the planned GCC service

Qatar signed a framework agreement in Manama on Sunday for a railway project connecting the six Gulf Cooperation Council countries, setting out coordination and technical requirements for a regional network intended to carry people and goods across borders.

The General Agreement to Connect GCC Countries Through the Railway Project was signed on the sidelines of the bloc’s 30th transport ministers meeting in Bahrain, Qatar News Agency reported.

The agreement establishes coordination between member countries and the GCC Railways Authority. It defines national responsibilities and addresses technical and operational standards, safety requirements and the ability of the countries’ railway networks to work together, according to the official account.

QNA said the agreement includes a timetable for execution and operation, but its report did not disclose the dates. Sunday’s signing was a framework step, not an announcement that a six-country cross-border service had begun running.

Qatar’s transport minister, Sheikh Mohammed bin Abdulla bin Mohammed Al-Thani, said the agreement would help connect national transport networks and facilitate the movement of people and goods. He said it would improve logistics and create opportunities for trade and tourism.

Those are the minister’s expected benefits of the project, rather than measured savings or newly available passenger services. The announcement did not provide fares, freight rates or a date for travelers to book a cross-border train.

The GCC Supreme Council approved the establishment of a railway network connecting its six member states in 2009. It decided in December 2021 to establish the GCC Railways Authority to coordinate implementation and compatibility with national networks, QNA said.

Sunday’s agreement adds a common framework for moving that long-running regional project forward, with the operational details and country-level work determining when the planned connections can carry passengers and freight.

JBizNews Desk | Manama

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Jack E. Boucher / HABS, public domain federal photograph. Archive DOJ entrance detail; converted from16-bit TIFF and resized.

URL has been copied successfully!

Jack E. Boucher / Historic American Buildings Survey / Public domain / Archive Justice Department entrance detail, resized

Attorney General Todd Blanche said Sunday that the Justice Department would represent executive-branch officials called before Congress, defending that role as Democrats prepared to exercise congressional oversight.

“In every Administration, the Department of Justice represents members of the executive who are brought in front of Congress,” Blanche said in remarks highlighted by a November 8 White House release summarizing his Sunday television appearances.

Blanche argued that his position was consistent with the work of previous attorneys general. The release presented the administration’s defense of its officials as it faces the prospect of investigations and demands for testimony.

He also criticized Democrats’ rhetoric about cabinet officials, private companies and donors. Blanche said proposed efforts to investigate companies that had invested in the country went beyond legitimate oversight. Those were his accusations and his assessment of Democrats’ intentions, rather than findings by a court.

The attorney general said threats directed at donors and students interested in working for conservative institutions were troubling. The White House release did not provide a new court order resolving those allegations.

For companies and individuals drawn into congressional inquiries, Blanche’s comments signal the administration’s intended approach to defending its officials. They do not establish immunity from subpoenas, resolve a dispute over congressional authority or announce a judicial ruling.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Hypergio, CC BY-SA4.0. Archive ICC headquarters April2016, resized. License https://creativecommons.org/licenses/by-sa/4.0/

URL has been copied successfully!

Hypergio / Wikimedia Commons / CC BY-SA 4.0 / Archive ICC headquarters, 2016, resized

Secretary of State Marco Rubio warned Sunday that Washington could take further action against the International Criminal Court, pressing allies to persuade the court to reject jurisdiction over Americans.

“If they want to avoid the actions we are going to take against the ICC, they should convince the ICC once and for all” to ensure American service members and leaders were not subjected to its jurisdiction, Rubio said during remarks to reporters, ahead of the G7 foreign ministers meeting in Paris.

Rubio said the United States would not accept the court asserting jurisdiction over American service members or leaders. He described that position as a dispute involving citizens of countries that had not joined the court’s treaty, and argued that the court should make changes to address U.S. objections.

He urged allies who wanted to avoid U.S. action against the ICC to persuade the court to make those changes. “They still have a chance,” he said, while warning that Washington would do what it considered necessary if its concerns were not addressed.

Rubio’s characterization of the court’s jurisdiction was the administration’s position. His remarks did not announce a court ruling resolving that legal dispute.

The secretary did not identify new sanctions targets, provide a sanctions list or set an effective date for action in the remarks. His warning left the form and timing of any further U.S. measures unspecified.

Rubio separately criticized the progress of talks with Iran during Sunday’s exchange with reporters, while saying the administration would explore a diplomatic opening if one emerged.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
U.S. Embassy & Consulates in Italy, public domain. Archive G7 group photograph, November 2025; not Sunday remarks. Resized.

URL has been copied successfully!

U.S. Embassy & Consulates in Italy / Public domain / Archive 2025 G7 group photograph; not Sunday’s remarks

Secretary of State Marco Rubio said Sunday that talks with Iran had not been very productive, criticizing Tehran’s demands while saying Washington would still explore a diplomatic opening if one emerged.

“Right now it hasn’t been very productive because the Iranian demands are simply not just unacceptable, but in some cases outrageous and ridiculous and really not realistic,” Rubio told reporters ahead of the G7 foreign ministers meeting in Paris.

Rubio said he would not describe the negotiations as being on the verge of a breakthrough. He said President Donald Trump preferred a diplomatic solution and that the administration would explore an opportunity to reach one, while acknowledging that diplomacy was not always possible.

The comments stopped short of announcing that talks had ended or setting a deadline for an agreement.

Asked about potential military action, Rubio defended the United States’ right to respond to threats against its forces and shipping in the region. “The U.S. acts defensively. If there is a threat to our forces in the region, we will act against those,” Rubio said in remarks posted by the State Department. His remarks were a statement of the administration’s position, rather than an announcement of a new attack.

Rubio also defended the war against Iran as necessary even if it was unpopular. He said presidents were elected to make difficult decisions and argued that Trump had acted against a threat that previous presidents had not addressed.

His criticism came as Iranian Foreign Minister Abbas Araghchi reaffirmed Tehran’s conditional two-day proposal concerning the Strait of Hormuz. Araghchi said the offer depended on Washington meeting Iran’s requirements, including an end to war on all fronts. Neither statement announced an agreement or a change in access to the waterway.

The State Department’s travel announcement said Rubio would visit Paris November 8-10 for the G7 meeting and engagements with his counterparts.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive merchant ship in the Strait of Hormuz in July 2004, not current shipping conditions

URL has been copied successfully!

Angel Roman-Otero / U.S. Navy / Public domain / Archive Strait of Hormuz shipping, July 2004; not current conditions

Iranian Foreign Minister Abbas Araghchi said Sunday that Tehran’s proposal for reopening the Strait of Hormuz remained on the table if Washington met its conditions, while warning of a military response if the United States chose renewed war.

“Our 2-day proposal stands: meet the requirements, including end to war on all fronts, and you will see results,” Araghchi wrote in his Sunday post on X.

Araghchi’s message linked the offer to a broader demand for an end to fighting. “American voters have made their choice. Time for the White House to make its own,” he wrote, referring to the U.S. midterm elections.

He also warned that Iranian forces would “rain down hell” if Washington chose war. That was a threat from Iran’s foreign minister, not a report that a new Iranian attack had taken place.

The statement renewed Tehran’s conditional position on an oil-shipping route at the center of the negotiations. It did not announce that the Strait of Hormuz had reopened, that Washington had accepted Iran’s terms or that a ceasefire agreement had been reached.

JBizNews Desk | Tehran

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Donald Trump at an October 21, 2026 White House roundtable, archive photograph

URL has been copied successfully!

Daniel Torok / The White House / Public domain / Cropped archive photograph, October 21, 2026; not Sunday’s announcement

President Donald Trump said Sunday that Task Force Iron Gate was “in full force and effect,” praising the new U.S. effort to restrict Iran’s weapons supply routes a day after Central Command announced the team’s creation.

“Coupled with history’s greatest Naval Blockade, very little gets into, or out of, Iran!” Trump wrote in a Truth Social post. His description of the blockade’s effectiveness was a presidential claim, rather than a new accounting of shipments or trade flows.

The president’s remarks followed CENTCOM’s November 7 announcement that Adm. Brad Cooper had directed the formation of an approximately 20-person team of civilian and military staff in Tampa, Florida.

The command said the team would coordinate with other U.S. government agencies to prevent the movement of advanced weapons, dual-use technologies, sanctioned materials and illegal revenue across Iran’s land borders and the Caspian Sea. Its stated role is interagency coordination from Florida, not a newly announced deployment of U.S. ground troops inside Iran.

“The establishment of Task Force Iron Gate reinforces the success of our ironclad blockade against Iran at sea,” Cooper said in the official release. He said closer cooperation with other agencies would further constrain Iran’s ability to finance terrorism, rebuild weapons factories and replenish its military.

The task force is intended to complement the maritime blockade by focusing on overland and Caspian routes. CENTCOM said enforcement at sea continued against ships entering or leaving Iranian ports and estimated that the blockade had prevented more than $25 billion in crude-oil exports in recent months. That figure is the command’s estimate.

Sunday’s development was Trump’s public endorsement of the initiative, rather than its initial launch. JBizNews reported the task force’s creation on Saturday.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive Jackson Township Municipal Building in June 2025, not the search site

URL has been copied successfully!

Mr. Matté / Wikimedia Commons / CC BY-SA 4.0 / Archive Jackson Township Municipal Building, June 2025; not the search site

Dozens of volunteers searched in Jackson, New Jersey, on Sunday for missing Rutgers University student Morty Wortman, nearly a year after his disappearance.

Family members and friends gathered to search new areas for clues, with organizers sending four groups to different locations. Wortman has been missing since November 21, 2025.

The search took place near the Regional Day School in Jackson, where Wortman was last seen. Volunteers planned to continue until sunset.

His mother, Johanna Reyes, described what she would do if she could see her son again.

“If I see him right now, I would jump on him. I would hug him, kiss him, tell him that I love him,” Reyes said.

One volunteer said searchers were looking for anything that might help establish whether Wortman had been in the wooded areas, including personal belongings or clothing. Family and friends said they were continuing their efforts despite the months without answers.

JBizNews Desk | Jackson, New Jersey

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive MRI scanner in Gothenburg, Sweden, not a RadNet facility

URL has been copied successfully!

Jan Ainali / Wikimedia Commons / CC BY 3.0 / Archive MRI scanner in Gothenburg, Sweden, 2008; not a RadNet facility

RadNet raised its full-year outlook for its imaging-center business Sunday after reporting a 22.1% increase in third-quarter revenue, as more MRI, CT and PET/CT scans helped lift sales. But the company’s net income fell, showing that stronger demand did not translate into higher bottom-line profit.

In its November 8 earnings release, the outpatient diagnostic-imaging provider reported total revenue of $638.3 million for the quarter, up from $522.9 million a year earlier. Net income declined to $4.2 million, or 5 cents a diluted share, from $5.4 million, or 7 cents a share.

The company’s adjusted earnings told a different story. Adjusted diluted earnings per share rose to 30 cents from 24 cents, while adjusted EBITDA increased 23.8% to $105 million. Those are non-GAAP measures that exclude certain expenses and other items; they are not substitutes for the company’s reported net income.

For the full year, RadNet now expects its imaging-center segment to generate revenue of $2.385 billion to $2.435 billion, compared with its previous range of $2.370 billion to $2.420 billion. It raised that segment’s adjusted EBITDA forecast to $350 million to $363 million from $345 million to $358 million, and its free-cash-flow forecast to $120 million to $130 million from $115 million to $125 million.

That outlook also calls for higher spending on equipment and facilities. The imaging-center capital-expenditure range increased to $170 million to $180 million from $165 million to $175 million. The revenue, cash-flow and spending forecasts apply to that segment, not the entire company, and remain projections rather than guaranteed results.

Chief Executive Howard Berger attributed the quarter’s growth to filling capacity at existing centers, new locations, acquisitions, a shift toward advanced imaging, improved commercial-insurer reimbursement and health-system joint ventures. Advanced-imaging procedure volumes rose 19.9% overall and 8.9% at centers operating in both comparison periods.

The distinction matters because acquisitions and new centers can increase total volumes even without growth at existing locations. Across all imaging procedures, including routine exams such as X-rays and ultrasound, RadNet reported volume growth of 10.8% overall and 3.2% on a same-center basis.

The smaller digital-health business, which includes artificial-intelligence and radiology technology, reported revenue of $32.9 million, including intersegment revenue, up 32.6%. Its adjusted EBITDA fell 11.8% to $3 million. RadNet ended September with $750.6 million in cash.

RadNet’s imaging-center markets include New York and New Jersey.

JBizNews Desk | Los Angeles

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive Massapequa neighborhood library exterior in April2021, not the Tutor Time day-care center or incident location

URL has been copied successfully!

Jim.henderson / Wikimedia Commons / CC BY 4.0 / Massapequa neighborhood archive, April 2021; not the day-care center; resized

A Tutor Time assistant teacher has been charged with assaulting a 3-year-old student at the day-care center in Massapequa, Nassau County police said.

Sydney Forbes, 21, of Copiague, is accused of physically assaulting the child while working at the center at 100 Grand Avenue. Detectives said the incident occurred Monday, October 5, at approximately 12:55 p.m., according to the Seventh Squad’s account published Sunday.

Police said Forbes was arrested without incident after an investigation. She is charged with second-degree assault and endangering the welfare of a child.

Her arraignment was scheduled for Sunday, November 8, at First District Court, 99 Main Street in Hempstead. The charges are accusations, not a finding of guilt.

Detectives asked anyone who believes they may have been a victim of a similar incident to contact Nassau County Crime Stoppers at 1-800-244-TIPS. Police said callers will remain anonymous.

JBizNews Desk | Massapequa, New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

URL has been copied successfully!

I turned to Alexis de Tocqueville, having read about him for years and never actually read him myself, after the Nov. 3 midterms handed Democrats a “blue tsunami” the likes of which I haven’t seen in my 43 years. Texas went blue down the line. And in 40 of 41 local votes across 10 states, Americans chose to limit data centers.

Within days, $3.2 trillion of AI-related stock market wealth was wiped out as investors bet the election winners would slow the AI buildout. Texas holds one-fifth of the planned data-center pipeline, and its governor-elect has promised to ban new approvals until the state legislature acts.

I had been privately skeptical, because data centers are the bedrock of the massive industrial boom powering most of America’s GDP growth. From an economic perspective, being anti-data center is like being pro-recession, I assumed, but Tocqueville’s Democracy in America explains a lot of what has really gone on in America for centuries.

Tocqueville was a young French aristocrat who toured the United States in 1831 and published Democracy in America in two volumes, dated 1835 and 1840. The Library of America calls it arguably “the most perceptive and influential book ever written about American politics and society.” One big idea he offered was what he called the “general equality of condition” among Americans, meaning how widely property and status were spread around. And this, he proposed, is the fact that the rest of American life comes out of. He argued that Americans hold tight to their property, care more about equality than liberty, and organize locally to get what they want. The data-center industry made its plans without accounting for any of that, and it’s an open question whether the Democrats who just won a landslide really understand it, themselves.

Most Gen Xers can barely remember a wave like this one. The closest historical comp is the 1974 blue wave that swept aside the corruption of the Nixon Watergate era. The 2026 midterms suggest a scrambling of the calculus of red states and blue states much like Donald Trump’s shocking election did a decade ago, when the “blue wall” of Pennsylvania, Wisconsin and Michigan crumbled.

Nationally, Democrats have so far flipped seven Senate seats and are on track for at least 258 House seats. They took a majority of governors’ mansions for the first time since 2010, and Trump acknowledged that Democrats had secured both chambers. Down the ballot, voters in 10 states decided 41 local measures on data centers, and in 40 of the 41 they favored limits on development. In NBC’s exit poll, 76% said they would oppose a new data center in their community. There were many stunners, like Kansas electing its first Democratic senator since 1932, but Texas stands out as the signature shock.

The Lone Star state went blue across its statewide offices. Beyond the Senate and governor’s races, Democrats won agriculture commissioner, attorney general, land commissioner, comptroller, lieutenant governor and railroad commissioner. They have taken the state House for the first time since 2002. Gina Hinojosa unseated Gov. Greg Abbott and will be the first Democrat elected governor of Texas since Ann Richards in 1990, and the first ever Hispanic person to hold the office. The Texas House looks likely to have its first female and first Black speaker in the form of 87-year-old Senfronia Thompson, who took office in 1973.

Reading Tocqueville in this climate is downright spooky. He wrote in 1835 that American political bickering at first looks to a stranger “so incomprehensible and so puerile” that he can’t decide whether to pity the people or envy the happiness that lets them argue. I personally thought as much for months about the issue of data centers — a massively overstated environmental risk but a massively understated political and emotional issue — until voters proved they were not messing around.

‘Popular authority’

Look closer, Tocqueville wrote, and nearly every faction of American political life comes down to one side trying “to limit,” and the other “to extend, the popular authority.” Five years later, in his second volume, he explained what made Americans different from the Europeans watching them. “The great advantage of the Americans is that they have arrived at a state of democracy without having to endure a democratic revolution; and that they are born equal, instead of becoming so.” Two centuries on, that birthright came out on Nov. 3 as a mass of voters told the Republican Party, and the data-center builders, something like “No, I don’t think so.”

Property, unlike aristocratic Europe where it is passed down from along family lines for centuries, is what keeps the whole thing from flying apart for most Americans, who are “possessed of sufficient property to desire the maintenance of order, yet not enough to excite envy.” Tocqueville observed that “the passions engendered by property are keenest and most tenacious amongst the middle classes.” And because equality leaves each person weak on his own, Americans band together to form what he called “associations,” without which they “become powerless if they do not learn voluntarily to help one another.”

Tocqueville also prophesied that Texas would hold the key to the American future. “The inhabitants of the United States are perpetually migrating to Texas, where they purchase land; and although they conform to the laws of the country, they are gradually founding the empire of their own language and their own manners,” he wrote, a decade before Texas joined the Union.

Texas has spent the 2020s proving him right. It added 391,243 residents in the year to July 2025, more than any other state for the third year in a row, reaching 31.7 million. It produced $2.9 trillion in GDP in 2025, and holds one-fifth of the planned 253-gigawatt data center pipeline nationwide. The five fastest-growing American cities, the Census Bureau revealed in May, were all in Texas, some for the second year running.

This year, Texas put every one of Tocqueville’s arguments on the ballot at once. Landowners fought transmission lines after a 2023 law cut the time regulators have to consider them from 365 days to 180. Groups like Save Rural Texas organized against data centers, and while Abbott ordered an audit of every data center in the grid queue, Hinojosa called for a statewide moratorium, vowing days before the vote to “stop the data center takeover.” Then the voters made clear in resounding fashion how they felt about property, equality and popular authority.

Equality, property and associations in the 21st century

For a lot of voters this year, equality came down to the cost of living. In Gallup’s final preelection survey, 44% of voters called income and wealth distribution extremely important, the highest reading in the three midterms Gallup has measured it, up from 32% in 2018 and 31% in 2014. On PJM, the grid running from Illinois to New Jersey, the independent market monitor puts data centers at $6.3 billion of the latest auction’s $16.4 billion in capacity charges, and at $29.4 billion, or 46%, across the last four auctions. In the October ABC News/Washington Post/Ipsos poll, 57% of Americans called home energy and utility costs unaffordable, up from 45% in February.

On property, Tocqueville wrote that “the heart of man is not so much caught by the undisturbed possession of anything valuable as by the desire, as yet imperfectly satisfied, of possessing it, and by the incessant dread of losing it.” The data-center fears, environmental concerns aside, cut straight to the American dread of losing one’s property. In August, a University of Texas/Texas Politics Project poll found 57% of Texas voters opposed a data center in their community, including 43% of Republicans and 60% of rural voters. The other side claims property, too. Texas Policy Research, a free-market think tank, argues Texas should protect private property rights and free enterprise while making large electricity users pay the costs they impose on the grid.

The “associations” that Tocqueville observed were so obvious in this election season they hardly need mentioning. Data Center Watch, a tracker maintained by AI research firm 10a Labs, counted 833 opposition groups across 49 states by March 2026, up from 396 at the end of 2025. In June, Seattle’s city council voted unanimously for a one-year ban, making it the largest U.S. city to pass one. None of these ran through Washington.

250 years of American surprises

Tocqueville spelled out the lesson in 1840: Americans describe their civic life in terms of self-interest. “The Americans… are fond of explaining almost all the actions of their lives by the principle of interest rightly understood,” he wrote. “They show with complacency how an enlightened regard for themselves constantly prompts them to assist each other.”

When they do something public-spirited, in other words, they insist it is in their own interest. They “seldom allow that they yield to emotions of this kind; they are more anxious to do honor to their philosophy than to themselves.” He didn’t mean that as an insult, calling the principle “the best suited of all philosophical theories to the wants of the men of our time,” and “their chief remaining security against themselves.”

That’s what most readings of the data-center fight, including mine, missed. From outside it looks like people guarding their power bills and their land. Others suspected the opposition was manufactured, even from China. The experts Fortune spoke to in June found it organic, with little evidence to support claims of China’s interference. The people in the fight talk about bills and property, as Tocqueville said they would, and they organized and voted in 41 places.

Americans misread themselves on the bigger question, too. Before the vote, fewer than half expected free and fair midterms, according to a University of California, San Diego, survey. Experts weren’t much sunnier. In Bright Line Watch’s October survey, their median forecast of a free and fair election was 75%, and one article in Political Science Quarterly argued the country had descended into soft competitive authoritarianism. But Tocqueville reasoned in the chapter “Why Great Revolutions Will Become More Rare” that a country of small owners has too much to lose to blow itself up.

“Nations are less disposed to make revolutions in proportion as personal property is augmented and distributed amongst them,” he wrote. Americans’ revolutions come through the ballot box when equality feels threatened. The contrast with Germany and France, where disaffected Gen Zers’ protests have turned violent in the streets, looks straight out of the late 18th century.

Democrats would be making a Tocqueville-sized mistake to read Nov. 3 as a conversion. The border counties that swung toward them had swung the other way two years earlier. In 2024, Trump won all four counties in the Rio Grande Valley, a region Democrats had swept in almost every presidential election since at least the 1920s. In Texas, where Democrats won their largest House majority since the 1993 session, several Democratic flips were decided by mere hundreds of votes. In Kansas, Hamilton won as an “independent-minded Democrat.” He avoided association with national Democrats and said he wouldn’t support Sen. Chuck Schumer for another leadership position, even though his campaign took $5 million from a PAC associated with Schumer.

The voters who elected them were following the bills, the land and the town meeting and will surely follow them again.

This story was originally featured on Fortune.com

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here. 

URL has been copied successfully!

Nvidia said Sunday it is launching an independent investigation after a media report alleged that CEO Jensen Huang had a close relationship with a Chinese businesswoman who passed information to Beijing.

In a message to Nvidia employees, Huang admitted to being unfaithful to his wife and took “full responsibility” for his actions.

The New York Times reported last month that US authorities were investigating Alice Huang, a former executive of Singapore-based company Megaspeed, which buys AI chips from Nvidia. US authorities have scrutinized Megaspeed over suspicions it helped Beijing gain access to advanced AI chips that are barred from shipment to China.

“The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort. A committee of independent directors, assisted by outside independent counsel, will oversee the investigation,” Nvidia said.

The company said on Sunday that, while its board has no reason to believe that either US national security or Nvidia secrets were compromised, its inquiry will examine all available information.

Nvidia CEO Jensen Huang speaks during a doorstep after attending the AI Ecosystem Reception in Tokyo, Japan, July 16, 2026. (credit: REUTERS/Manami Yamada)

Huang to cooperate with review

Huang fully supports the review and has committed to cooperating with it, it added.

Huang said in a message to employees: “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.”

Addressing his colleagues, board, partners, and shareholders, Huang said: “My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence.”

An Nvidia spokesperson said Huang is “committed to continuing to lead NVIDIA as CEO without interruption.”

Top Republican lawmakers in the US House of Representatives have called on Huang to brief Congress this month about the report.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Nvidia CEO Jensen Huang apologized Sunday for being unfaithful to his wife as the company opened an independent investigation into reports linking him to an alleged Chinese spy.

“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang wrote in a message to employees provided to FOX Business by Nvidia.

The New York Times first reported on Huang’s relationship with Megaspeed executive Alice Huang, whom U.S. intelligence identified as a Chinese intelligence asset. The newspaper reported Sunday that he acknowledged an intimate relationship to Nvidia’s board.

“I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it,” Huang wrote.

UNVETTED FOREIGN WORKERS AT AI FIRMS RAISE NATIONAL SECURITY ALARMS, ADVOCATES WARN

Nvidia said Huang will remain at the helm during the investigation.

“Today’s news will not slow NVIDIA. Jensen is committed to continuing to lead NVIDIA as CEO without interruption,” a company spokesperson told FOX Business.

Nvidia’s board said independent directors, assisted by outside independent counsel, will oversee the investigation.

“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,” the board said.

The directors said U.S. national and economic security take priority over the interests of Nvidia and its shareholders.

“Jensen fully supports the review and has committed to cooperating with it,” the statement continued. “The Board has confidence in Jensen and his leadership team and will provide further updates as appropriate.”

CHINA ‘THROWING GASOLINE ON THE FIRE’ IN AI DATA CENTERS RACE, SAY LAWMAKERS

Huang pledged to cooperate fully.

“I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security,” he wrote.

Secretary of State Marco Rubio had warned Trump administration officials about Huang’s ties to the woman, the Times reported, citing multiple people briefed on the matter.

The investigation follows demands from three House Republican committee chairmen for Huang to answer questions about his interactions with Megaspeed executive Alice Huang and Nvidia’s safeguards against foreign espionage.

House Foreign Affairs Committee Chairman Brian Mast, R-Fla.; Select Committee on China Chairman John Moolenaar, R-Mich.; and House Intelligence Committee Chairman Rick Crawford, R-Ark., requested a joint, closed-door briefing for Nov. 18.

AMERICA AND CHINA ARE FIGHTING FOR THE FUTURE OF AI — CHIPS ARE THE BATTLEFIELD

The Times previously reported that Alice Huang had gathered information for Beijing while developing a close relationship with Nvidia’s CEO. U.S. officials initially did not believe Jensen Huang knew of her alleged intelligence activities, according to the newspaper.

The scrutiny comes as Jensen Huang has lobbied the Trump administration to ease restrictions on Nvidia chip sales to China.

Fox News’ Christopher Visioli contributed to this report.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here. 

Archive illustrative blood-pressure cuff and gauge, not the Mineralys trial equipment

URL has been copied successfully!

ML5 / Wikimedia Commons / Public domain / Archive blood-pressure equipment illustration, resized

Mineralys Therapeutics said participants taking its experimental blood-pressure medicine lorundrostat maintained a 17.8 mmHg reduction in systolic pressure through 48 weeks, in new long-term results for adults whose hypertension remained difficult to control.

The company’s November 8 release reported that 56% of participants reached systolic pressure below 130 mmHg at Week 48. The findings came from the Transform-HTN open-label extension and were presented at the American Heart Association’s scientific meeting in Chicago.

The 17.8 mmHg reduction was measured from the baseline of the earlier Launch-HTN trial, not against a concurrent placebo group. Participants in the new analysis had already received lorundrostat during the 12-week parent study and then continued for another 36 weeks while taking their existing blood-pressure medicines.

The efficacy analysis included 504 participants. It excluded those assigned to placebo in a separate four-week treatment-withdrawal substudy between Weeks 24 and 28. The safety analysis included 632 people who received at least one dose in the extension; 583, or 92%, completed 48 weeks of follow-up.

Serious adverse events occurred in 27 participants, or 4.3%, with investigators considering two treatment-related. Thirty-seven participants stopped the trial medicine because of an adverse event, including 10 for hyperkalemia. Hyperkalemia requiring a dose reduction, interruption or discontinuation occurred in 32 participants.

The company said potassium levels rose and a measure of kidney filtration declined early in treatment, with both remaining stable through the open-label period. It reported no new clinically relevant safety findings compared with Launch-HTN. The open-label results add information about durability and safety, but the reported blood-pressure change is not a placebo-adjusted treatment effect.

Lorundrostat is designed to reduce production of aldosterone and is being developed for use alongside other hypertension medicines. It remains investigational and is not approved. Mineralys said the FDA is reviewing its application with a target action date of December 22, 2026; that date is not a guarantee of approval.

JBizNews Desk | Radnor, Pennsylvania

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive September2014 Regeneron Eastview office building nearing completion, not a current trial facility image

URL has been copied successfully!

Jim.henderson / Wikimedia Commons / CC0 / September 2014 Eastview building archive, resized

Regeneron said a single dose of an experimental medicine reduced liver fat by 58% to 80% across dose groups after 36 weeks in a small early-stage trial, offering an initial signal for a treatment aimed at metabolic dysfunction-associated steatotic liver disease, or MASLD.

The company’s November 8 announcement described the first results from a randomized, double-blind, placebo-controlled Phase 1/2 study of CIDEB siRNA. Thirty participants received the medicine across four dose levels, while 10 received placebo. The study’s main purpose was to assess safety and tolerability; changes in liver fat and liver-injury markers were secondary measures.

At Week 36, the placebo group had a mean liver-fat reduction of 2.9%. Among participants receiving CIDEB siRNA, 62% reached liver fat below 5%, the trial’s definition of normalization, compared with none on placebo. The measurements were made using an MRI-based test.

Regeneron also reported improvements in markers of liver injury, including lower mean ALT levels across all doses, sustained through Week 36. It said the findings were presented at the American Association for the Study of Liver Diseases meeting and published simultaneously in The New England Journal of Medicine.

MASLD involves excess fat building up in the liver and can include more serious disease with inflammation and scarring. The new results measure liver fat and injury markers, not a demonstrated reversal of fibrosis. They do not establish that the experimental medicine is a cure or that it prevents liver failure or other long-term complications.

Overall adverse-event rates were generally similar between the active-treatment and placebo groups, according to Regeneron. Events were mild or moderate except for one serious episode of severe hyperglycemia in a treated participant, which was attributed to a later diagnosis of adult-onset Type 1 diabetes rather than the study medicine. There were no trial discontinuations.

CIDEB siRNA is designed to mimic the protective effect of rare genetic changes in the CIDEB gene. Regeneron developed the approach with Alnylam and holds exclusive development and commercialization rights, while Alnylam is entitled to milestone and royalty payments.

The medicine remains investigational, and Regeneron said its safety and efficacy have not been evaluated by a regulatory authority. Longer-term safety and tissue-based outcomes are being studied in ongoing trials. The company will discuss its liver-disease pipeline at a virtual investor event Tuesday, November 10, at 8:30 a.m. Eastern, available through its events website.

JBizNews Desk | Tarrytown, New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive illustrative cement production plant, not the CSN Cimentos acquisition target

URL has been copied successfully!

HandaKiln / Wikimedia Commons / CC BY-SA 4.0 / Archive cement-plant illustration, not the acquisition target

China’s Huaxin Building Materials Group has signed an agreement to buy 99.99% of Brazil’s CSN Cimentos for approximately $1.64 billion, advancing an overseas expansion strategy as its domestic cement business faces pressure.

The deal, signed November 7 and disclosed in a November 8 Hong Kong exchange filing, would give Huaxin control of Brazil’s second-largest cement producer. It still requires regulatory clearances and has not closed.

Huaxin put the expected payment for the shares at 9.0337 billion Brazilian reais, equivalent to about $1.642 billion, subject to adjustments for debt and working capital at closing. That is distinct from the transaction’s agreed enterprise value of 12.7 billion reais, or approximately $2.3085 billion.

CSN Cimentos operates seven integrated cement plants and six grinding plants, with annual cement production capacity of 17 million tonnes. Its products mainly serve northeastern and southeastern Brazil, according to the filing. The seller is Companhia Siderúrgica Nacional, the Brazilian group with steel, mining, cement, logistics and energy businesses.

The signed purchase agreement moves the transaction beyond the exclusive agreement disclosed October 30. Huaxin said it expects the conditions for closing to be satisfied in the first quarter of 2027, although it warned that the acquisition may not proceed.

Required clearances include approval from Brazil’s competition authority, CADE, and electricity regulator ANEEL, alongside Chinese overseas-investment filings and foreign-exchange registration. Huaxin said the purchase would be paid in cash in Brazilian reais, using internal resources, bank loans, bond issuance and other external financing.

The company described the transaction as a way to expand internationally and offset weakness in its domestic market. It said the acquisition would mark its first entry, and the first by any Chinese cement producer, into Brazil’s cement market. If completed, CSN Cimentos would become a controlled subsidiary and its financial results would be included in Huaxin’s accounts.

JBizNews Desk | Wuhan

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Illustrative archive laboratory test tubes, not the Vir trial or experimental medicines

URL has been copied successfully!

Unsplash License / Archive laboratory illustration, cropped / Not the Vir trial

Vir Biotechnology said its experimental monthly treatment for chronic hepatitis delta met the main goal of a late-stage clinical trial, moving the two-drug regimen closer to a planned U.S. regulatory submission in mid-2027.

The company’s November 8 release reported that 44% of treated participants had both undetectable hepatitis delta virus and normalized ALT blood-test levels after 48 weeks. That compared with 0% in a delayed-treatment group assessed at Week 12. The different assessment times are important: this was not a comparison of two groups each observed without treatment for 48 weeks.

The Phase 3 ECLIPSE 1 trial enrolled 124 adults, randomly assigning 83 to receive elebsiran and tobevibart and 41 to delayed treatment. The delayed group began therapy at Week 12. The combination is given monthly as two separate injections under the skin.

Vir said the primary result was statistically significant, with a p-value below 0.0001. A key secondary goal was also met: 79% of treated participants had undetectable viral RNA at Week 48, compared with 0% in the delayed-treatment group at Week 12. Undetectable means the test did not detect the viral target; it does not establish a cure.

The potential beneficiaries are adults with chronic hepatitis delta, a serious liver infection for which treatment options remain limited. Vir said the trial included patients with advanced disease and that undetectable virus was seen in participants both with and without cirrhosis. The findings offer evidence of viral suppression, rather than proof that the regimen prevents liver failure, cancer or death over the longer term.

All patients completed 48 weeks of treatment, according to the company. It reported no treatment interruptions or discontinuations and one Grade 3 treatment-related decrease in neutrophil count, which resolved in 15 days. Most treatment-related adverse events were mild to moderate and temporary; flu-like symptoms were the most common.

Elebsiran and tobevibart remain investigational, and the combination is not an approved treatment. These are company-reported topline results, not a regulatory decision. The longer-term benefits and risks, and the outcome of any application, remain to be determined.

Vir expects results from the ECLIPSE 2 and ECLIPSE 3 trials in the first quarter of 2027 and plans to use data from all three studies in its regulatory filing package. It will discuss the new findings on a conference call Monday, November 9, at 8:30 a.m. Eastern, with a webcast available through its investor website.

Separate Phase 2 data track longer treatment and early follow-up after stopping

In a separate November 8 company announcement, Vir reported expanded results from the Phase 2 SOLSTICE study: all 28 participants who completed 96 weeks of combination therapy had undetectable hepatitis delta virus. That is a result for a treatment-completer subset, not the entire study population, and is separate from the Phase 3 ECLIPSE 1 results above.

Vir also reported an exploratory analysis of 10 participants who chose to stop treatment after maintaining undetectable virus for at least 96 weeks. All 10 had a sustained viral response 12 weeks after their last dose. Among those who had reached later follow-up points, seven had sustained responses at 24 weeks and one at 48 weeks. Those figures do not mean all 10 had been followed for 48 weeks.

The company said all 10 continued follow-up and had stable ALT levels, with no viral rebound or ALT flares observed at the interim assessment. But it called the analysis preliminary and exploratory, with incomplete follow-up and safety data not yet fully assessed. The small, selected group may not represent the broader study population; the findings do not establish a sustained treatment-free response or cure.

JBizNews Desk | San Francisco

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

URL has been copied successfully!

There have been competing theories to explain why Treasury yields have risen so much this year, but last week’s brutal stock selloff debunked one of them, according to a top economist.

The 10-year yield has eased in recent weeks as investors seek shelter in Treasuries. But before the latest dip, it shot up more 100 basis points, soaring above 5% and at one point hitting the highest level in 24 years.

The run-up began after the Iran war started in late February, sending oil prices up and raising expectations that the Federal Reserve will hike rates to fight suddenly resurgent inflation.

At the same time, hyperscalers have been flooding the bond market with fresh debt to finance massive capital spending and the AI infrastructure boom, which has kept the U.S. economy running hot and inflation sticky.

That’s competed for investors’ dollars as the Treasury Department taps the bond market to finance the federal government’s $2 trillion budget deficit—and pay interest of the $40 trillion in U.S. debt.

Some on Wall Street have downplayed the spike in yields, saying the deluge of AI debt has crowded out U.S. bonds and forced the Treasury to offer investors higher returns at auctions.

But Robin Brooks, a senior fellow at the Brookings Institution, doesn’t buy that explanation. In a Substack post on Saturday, he said the past week’s market selloff represented a “natural experiment” that puts the competing arguments to the test.

“On one end of the spectrum are people like me who think this is a rising fiscal risk premium as our public debt grows out of control,” he wrote. “On the other end are folks who say it’s hyperscaler debt issuance that’s pushing up yields, so there’s no sign fiscal policy’s in trouble.”

Brooks said corporate borrowing is nowhere near where it was in the IT bubble of the early 2000s, while public borrowing is historically high and more likely driving up yields.

He pointed to the bond market’s reaction to the latest monthly jobs report, which showed payrolls grew by more than double the consensus estimate.

Compared to previous upside job surprises, the two-year yield rose more than what hot economic growth could explain, undercutting the idea that U.S. growth depends on AI as well as the argument that AI is responsible for higher yields.

Brooks also cited the market-implied yield for a 10-year security 10 years from now, which gauges the premium investors demand for the risk of holding Treasuries long term. Such risks include the trajectory of U.S. debt and deficits.

If the AI bubble was pushing up long-term yields, then this “10y10y forward yield” would’ve fallen alongside the 10-year and two-year yields.

“It didn’t and that in my mind further cements the case for the fiscal risk premium,” he said.

“The midterm elections and the AI sell-off that’s ensued have given us the perfect natural experiment to disentangle what’s going on with long-term yields. They’re up because of mounting fiscal stress, not because of AI.”

U.S. debt warnings have been piling up recently. Last month, the Treasury Department’s final tally on fiscal year 2026 showed that the federal budget deficit widened to $1.99 trillion, 12% worse than the $1.78 trillion gap in fiscal 2025.

That came as revenue increased 3% to $5.4 trillion, lagging behind the 6% bump in spending to $7.4 trillion. Social Security and Medicare were the biggest line items, but in third place was interest payments on the national debt, topping defense spending and Medicaid.

Gross interest costs for fiscal 2026 came in at $1.36 trillion, Treasury data show, with an average interest rate of 3.53%. That’s more than double the rate in 2021, just before the Federal Reserve embarked on an aggressive tightening cycle to rein in inflation.

Net interest payments rose 8% to $1.05 trillion, outpacing increases in total spending, revenue and GDP. In fact, it exceeds real GDP growth of about 2% as well as nominal GDP growth of about 6%.

Fiscal 2026’s net interest costs translate to about $2.9 billion a day, and the Peter G. Peterson Foundation estimated they represent 3.2% of GDP, breaking the previous record set in 1991.

“Higher interest begets more debt, and greater debt begets higher rates and higher interest. Eventually, the whole thing could come crashing down,” Committee for a Responsible Federal Budget President Maya MacGuineas said in September.

“That’s why Washington needs a fiscal intervention now, before it’s too late. The President, the Treasury Secretary, and Congressional leadership need to understand the severity of this issue. There are no easy fixes, and we can’t just wish this problem away.”

This story was originally featured on Fortune.com

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here. 

URL has been copied successfully!

It was a rough weekend for Israeli teams in the Euroleague, as both Maccabi Tel Aviv and Hapoel Tel Aviv came up short in their respective games. The two sides will meet twice this week in a pair of highly anticipated derbies: first in the Winner Cup final and then in a Euroleague matchup in Cyprus.

Barcelona defeated Hapoel Tel Aviv 93-90 in a tightly contested matchup in Sofia, Bulgaria, as the Reds saw their Euroleague record drop to 6-4 on the season. Dimitrios Itoudis’s team saw Elijah Bryant and Vasilije Micic pour in the points, as the Reds were clearly in the driver’s seat throughout much of the contest.

However, midway through the third quarter, with Hapoel clinging to a 60-53 lead, the visitors, led by Dario Brizuela, went on a 16-0 run to take the lead for good and never looked back as they notched the win. Bryant scored 25 points, and Micic added 24 in the loss, while Brizuela scored 22 points and Justin Robinson also contributed 22 points in the victory.

Hapoel head coach Dimitrios Itoudis reflected on the loss.

“It was a bad outcome for us. We wanted to win, but we played a hungrier team that forced us to give up 16 offensive rebounds. Giving up the nine-point lead so quickly in the third quarter was just too much.”

  DIMITRIOS ITOUDIS is making a quick impact with Hapoel Tel Aviv after taking over the head coaching reins from Stefanos Dedas just over a month ago.  (credit: YEHUDA HALICKMAN)

Sekulic credits team’s defense for victory

Barcelona head coach Aleksander Sekulic spoke about the win.

“The players did a great job on defense, and we wanted to limit their best scorers, as they have a lot of firepower. But we found a way. When we didn’t score, we rebounded and played together. Our defense led to our offense, and we made the opponent nervous. The main thing was our defense in winning the game.”

Vasilije Micic had the hot hand for Hapoel Tel Aviv, while Josh Nebo countered inside for the Reds. Justin Robinson and Kevin Punter both scored for Barcelona, but a 3-pointer by Ish Wainright kept Hapoel in front, 21-19, after 10 minutes of play.

Robinson and Nebo scored to begin the second quarter, while Wainright went from deep again. Blakeney and Micic both scored, Tosan Evbuomwan found points, and Dan Oturu started to become a factor inside. Elijah Bryant scored with ease, but Robinson continued to fill the basket, including a triple as time wound down, to even up the game at halftime, 46-46.

Bryant and Tyrese Martin traded baskets, while the former kept scoring at will. Dario Brizuela began to chalk up the points to put the visitors in front, while Nebo also contributed as the period came to an end with Barcelona in front, 73-64, after 30 minutes of action.

Martin, Robinson, Nebo and Brizuela all scored to get the fourth quarter off and running and give Barcelona a double-digit advantage. Bryant, Micic and Zach LeDay scored to cut the lead to 91-90 with less than half a minute to go, but a deuce by Brizuela and a wild miss at the buzzer by Micic secured the win for Barcelona.

In Serbia, Maccabi Tel Aviv was crushed by Partizan Belgrade 88-67 as its record dropped to 2-8 in Euroleague play, marking its fourth consecutive loss in the competition. The defeat also marked the team’s sixth straight loss across all competitions, leaving Oded Katash’s squad in 18th place in the standings.

Maccabi fell behind early, trailing 23-7 before cutting the deficit and finishing the first quarter down 28-23. However, Partizan regained control as the game progressed, taking a 50-35 lead at halftime while keeping the Yellow-and-Blue to single digits in each of the final three quarters and holding Maccabi’s perimeter shooting to just 5-of-23 (21.7%).

Daniel Theis scored 11 points, Yam Madar added 10, and Jaylen Hoard scored nine in the loss, while Ethan Thompson scored 16 points, Lamar Stevens put in 14, and Antonio Reeves chipped in with 13 in the win.

“The team competed very well, and we played very solid defense,” Partizan head coach Joan Penarroya said. “We controlled the rebounds, played together, and today we didn’t need Carlik Jones to score 25 or 30 points, although he still had an amazing game. For us, it’s very important that he shared the ball in a very mature performance.”

“We’re struggling, and we’re playing without confidence,” Maccabi head coach Oded Katash said. “We were poor offensively and got off to a bad start. When you don’t have confidence, you have to keep things simple. We made some adjustments in the second half, but it wasn’t enough. I’m sorry, and I want to apologize to the fans. We have to change this situation quickly.”

Thompson: ‘It’s going to be a long season’

Ethan Thompson shared his thoughts on the win: “I felt we played a pretty complete game, and I am happy with the win. It’s going to be a long season, and we’ll be asked to adjust a lot, so we’ll be required to play in different positions in line with the ‘next man’ attitude.”

Bonzie Colson discussed the areas Maccabi needs to improve, emphasizing the importance of performing better on both ends of the floor.

“It was a tough game. We need to focus on everything, both defensively and offensively. With the derby coming up in the next few days, we have to work hard, improve on both ends of the floor, and continue believing in the system and in each other. We need to find a way to get a win and get better.”

See more Israeli sports coverage at www.sportsrabbi.com/en

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Israel was prepared over the weekend for the possibility that US President Donald Trump would order a strike on Iran, but no such order was ultimately issued, two sources told The Jerusalem Post.

Prime Minister Benjamin Netanyahu met with Israel’s top security officials on Friday afternoon, the sources said.

The US military was also preparing for the possibility that Trump would order a renewed military operation against Iran. In an interview with CNN, Trump said that “the US could destroy 38 Iranian bridges in one hour.”

Meanwhile, mediators continued efforts to broker a deal between Washington and Tehran. Two diplomatic sources told the Post that Trump had given Vice President JD Vance and other senior administration officials “a few days” to reach an agreement.

In the CNN interview, Trump said there was a “very low probability” that he would order the US to return to war with Iran if progress was made in talks between Tehran and Washington.

An election campaign poster featuring Israeli Prime Minister and Likud party chairman Benjamin Netanyahu alongside US President Donald Trump is displayed on the back of a bus in Jerusalem, ahead of the Israeli election on Oct. 25, 2026. (credit: YONATAN SINDEL/FLASH90)

“It depends on whether or not they sign a very strong agreement,” Trump said. “The answer is highly unlikely [that] it’s going to be necessary… I would if necessary, but we hit them really hard.”

Trump noted that he would prefer not to strike infrastructure, predicting that it could take Tehran up to 10 years to rebuild destroyed bridges.

“I don’t like ripping down bridges. And the hardest thing to build is a bridge. It takes years, and I’m a good builder,” he added.

US military continues to reinforce presence in the Middle East

At the same time, the US military continued to bolster its presence in the region. According to reports, the aircraft carrier USS Theodore Roosevelt and its carrier strike group departed Singapore after a several-day stay and are now heading toward the US Central Command area of responsibility, where they are expected to arrive within several days.

Separately, the amphibious assault ship USS Makin Island departed Japan over the weekend and is also heading toward the Middle East.

Goldie Katz contributed to this report.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

A man was detained after attempting to enter Israel through the Shuafat refugee camp checkpoint in east Jerusalem using the identity of a sex offender on Sunday.

The incident occured when the man, who did not have legal recourse to enter Israel, arrived at the checkpoint and attempted to identify himself using a photo of an identity card on his mobile phone. The identity card was discovered to belong to a sex offender currently under supervision by the Israel Prison Service’s Tzur Unit and does not live in the area.

The Tzur Unit officers were called to the scene to verify the identity of the man who presented the card and realized that he was not the sex offender, but was illegally trying to enter Israeli territory.

Suspect, sex offender met in prison

Upon questioning, authorities discovered that there was a connection between the man and the sex offender. The two had met while previously serving time in prison and met again in Jerusalem in March.

An Israel Police car, April 13, 2026; illustrative. (credit: YOSSI ALONI/FLASH90)

The man was then detained by Israel Police for further investigation.

The commander of the Israel Prison Service’s Tzur Unit, Brig.-Gen. Yehuda Aharoni, said that the incident “demonstrates the vigilance, professionalism, and operational capabilities of the supervision officers of the Israel Prison Service’s Tzur Unit, who work day and night to maintain public safety.”

According to Aharoni, cooperation with security and law enforcement agencies enables the unit to respond to incidents that fall outside its routine supervision activities.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Yoaz Hendel, whose party failed to cross the electoral threshold, slammed the possibility that the anti-Netanyahu bloc could reach a compromise with the haredi (ultra-Orthodox) parties on military conscription; he told 103FM radio on Sunday.

According to Hendel, the parties that promised to look out for those who serve are abandoning their principles, and he will keep up the fight from outside the Knesset.

On Friday, Yisrael Beytenu chairman Avigdor Liberman said his party was willing to “be flexible and compromise” on the haredi IDF draft law, as he laid out his conditions for joining a coalition led by Yashar leader Gadi Eisenkot.

Hendel, who chairs the Reservists-Economic party, has been watching the news from outside the Knesset with dismay. He spoke with hosts Avishai Grinzaig and Barak Seri.

‘If we don’t do this now, the State of Israel will fall apart’

“I told you I was afraid that if they had to get to 61 [seats, a Knesset majority], they would give up on the draft law. You told me, ‘Forget it, that’s not likely, it won’t happen,’” Hendel told Seri at the start of the interview. “I didn’t believe that an hour after the election, they would abandon the entire worldview I fought for over three years, and they were part of it. In the slogans on the buses, they talk about an alliance of those who serve and about conscription for everyone. I’m afraid that if we don’t do this now, the State of Israel will fall apart.”

Reservists Party chairman Yoaz Hendel and supporters gather at the party’s election headquarters in Modiin, following the release of exit poll results on Israel’s general election night, October 27, 2026. (credit: Jonathan Shaul/Flash90)

“We have no governance in the Negev and the Galilee; we have an Arab sector that sings ‘Biladi, Biladi,’ and on the other side, shtetls that sing about ‘the rule of the heretics,’” he added, referring to an Arabic patriotic song.

“The disgrace has already happened. As far as public perception goes, it has all happened,” Hendel said. “The Change bloc [the anti-Netanyahu bloc], which claimed that the flag of those who serve was what mattered to it, has already given up. Now Netanyahu’s supporters come and say they’re all the same, and that’s true. We should have agreed in advance that whoever doesn’t serve gets nothing, regardless of whether you support Bibi [Netanyahu] or oppose Bibi.”

“Those who failed, and those who threw their vote in the trash, are the people who voted for a party that, an hour after the results were published, says the exact opposite,” the former minister said, when asked about his election failure. “[Avigdor] Liberman and the entire Change bloc [the anti-Netanyahu bloc] said they didn’t need us and that they would take care of the reservists.”

‘My mission is not in the Knesset; it’s outside’

“For three years, I have been fighting to protect this country. 155,000 people voted for me, and that’s not enough to get into the current Knesset, but it’s enough to give this voice a platform,” he added. “Whoever dismisses it will have it come back at them.”

“Both the votes I brought in and the failure to cross the threshold are on me,” Hendel said later in the interview. “I won’t say ‘I told you so.’ My mission is not in the Knesset; it’s outside. It’s to fight so that the State of Israel doesn’t break apart into autonomous enclaves, because otherwise we will leave our children a country with a non-Zionist majority.”

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Four explosions were heard on Iran‘s Qeshm Island on Sunday evening, according to Iranian state media outlet IRNA.

IRNA reported that a correspondent on the island said that some areas of Qeshm appear to have been struck by projectiles.

The source and nature of the explosions have not yet been confirmed.

On Saturday evening, explosions were also heard on Qeshm Island, in addition to Sirik, Bandar Abbas, and Jask Port. 

Over the weekend, US President Donald Trump confirmed that the US conducted a “minor strike” on Qeshm Island.

People walk on a street near a mural featuring an image of the late Supreme Leader of Iran, Ayatollah Ali Khamenei, in Tehran, Iran, May 18, 2026.  (credit: MAJID ASGARIPOUR/WANA/REUTERS)

A similar, limited strike on Qeshm Island was also carried out on November 3. A US official told The Jerusalem Post at the time that the strike was ordered in response to Iran’s Islamic Revolutionary Guard Corps (IRGC) attempting to target an American aircraft with a missile launched from the island.

Trump says return to war with Iran ‘highly unlikely’

Trump said on Sunday, however, that it is “highly unlikely” that the US will return to full-blown war with Iran if progress is made in ongoing indirect negotiations.

“It depends on whether or not they sign a very strong agreement,” Trump said during an interview with CNN. “The answer is highly unlikely [that] it’s going to be necessary… I would if necessary, but we hit them really hard.”

Trump emphasized that American military forces are ready to act against Iran if he does decide to order strikes, saying that a third “fully locked and loaded” US aircraft carrier strike group recently arrived in the region.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Social comparison is one of the most universal human behaviors.

From early childhood, we learn who we are partly by looking at siblings, classmates, colleagues, friends, neighbors, and others. We compare grades, looks, achievements, careers, homes, vacations, and even happiness.

In many ways, comparison is simply part of how the human mind organizes social reality. It helps us understand where we stand, what we might strive for, and how we relate to others.

But not all comparison is created equal. For some people, comparing becomes a constant, exhausting mental habit, with them always looking at the world for signs of being “less than.” What begins as a normal cognitive process can turn into a source of chronic insecurity, jealousy, emotional pain, and mental exhaustion.

Psychologists often find something deeper beneath the person’s constant comparison behavior: an injured sense of self and fragile self-esteem.

 Anxiety (Illustrative) (credit: SHUTTERSTOCK)

The normal psychology of comparison

In its healthy form, social comparison is adaptive. It helps us look at our abilities and expectations.

A child watching a slightly older sibling ride a bicycle without training wheels may feel inspired to try.

Adults often use comparison to set goals, evaluate progress, strive for better results, or simply understand their place in a community. In a materialistic culture, people often compare homes, vacations, or cars to feel reassured or successful.

These things are all normal; it’s part of the way human beings operate.

Social psychologists identify two elements of normal comparison.

The first is upward comparison – looking at someone who seems better off. This can motivate movement toward personal growth.

I remember when I decided to pursue my doctorate, my best friend followed my path and also decided to do the same. Healthy competition is not a bad thing. It can drive someone to achieve new goals that were never believed to be obtainable.

The second element is downward comparison – looking at someone worse off. During stressful periods, downward comparison can offer temporary reassurance and potentially affect a personal sense of gratefulness for what the individual has.

When comparison turns compulsive

The roots of compulsive comparison are rarely about the other person. It is usually about the person’s self that feels fragile, uncertain, or unworthy. When someone’s inner sense of value has been compromised, comparison becomes a way of checking, again and again, whether they are “good enough.”

But because the underlying emotional injury is never addressed, the comparisons never help. They only intensify the feeling of being unhappy with oneself.

The role of early emotional injury

Where does this fragility come from? Often, it traces back to early relational experiences.

Children who grow up with narcissistic or emotionally inconsistent parents may learn that love is conditional, unpredictable, or linked to performance. They may internalize the belief that their worth depends on external validation.

Compulsive social comparison can also be shaped by peer experiences, being teased or humiliated, excluded, or chronically undervalued during childhood or adolescence. These experiences can leave lasting impressions.

A case in point: Daniel and Esti

Daniel and Esti came to therapy not because of an overt conflict, but because of a constant sense of dissatisfaction that seemed to cloud every achievement.

They had three thriving children, solid careers, and a stable home. Yet they often arrived in my office emotionally drained – not from life’s demands, but from a continual internal pressure of comparing themselves to others.

As therapy unfolded, their histories made the pattern unsurprising.

Daniel grew up with a profoundly narcissistic father, a man whose approval was conditional, unpredictable, and often nonexistent. The more Daniel succeeded, the less he got from his dad.

Esti’s upbringing carried a parallel injury. Esti’s mother was competitive with her, treating her less as a daughter and more as a rival. She was rarely praised, affection was minimal, and she was consistently criticized.

Both Daniel and Esti entered adulthood with a fragile internal sense of worth. They were not able to fully enjoy their achievements, which became temporary Band-Aids against old wounds. Comparison was not simply a habit but a vital, though maladaptive, psychological coping mechanism.

Clinically, individuals like Daniel and Esti often present as outwardly successful but internally unsettled. They live in a state of perpetual evaluation. Wanting more is not the problem. The problem arises when wanting more becomes a substitute for feeling satisfied.

For Daniel and Esti, the therapeutic work involved strengthening their internal sense of security and helping them differentiate when a comparison motivates true aspirations and when a comparison is driven by chronic low self-esteem and anxiety.

As they learned to be more cognizant of their own sense of self-worth, the comparison trap lost its grip. They began to want more in a healthier way, not out of fear but out of possibility.

Reclaiming your sense of worth

If you struggle with compulsive comparison, meaningful change can begin with a few important points:

1. Notice the triggers. Pay attention to when the need to compare is triggered and try to identify the specific environments, relationships, or moments of self-doubt.

2. Develop your internal sense of validation. Focus on your own self-worth, personal values, and aspirations, rather than on external praise and feedback.

3. Focus on your personal growth. Practice gratitude for your own unique path of life, instead of measuring your progress against someone else’s timeline.

4. Seek deeper insight. When the pattern feels deeply rooted or emotionally distressing, consider seeking professional help. It can help you understand the issues and help heal a fragile sense of self-esteem.

Social comparison will always be part of being human. The good news is that when we understand its deeper roots and change our counterproductive beliefs about ourselves, the healing process can begin.

Seeking help for compulsive comparison doesn’t just relieve personal suffering; it provides a healthier model for the next generation.■

The writer is a psychotherapist with over 40 years of experience helping individuals and couples navigate stress, trauma, and complex emotional challenges. Specializing in support for olim and couples managing wartime pressure and extended reserve duty, he maintains a private practice in Ra’anana and provides online therapy globally. drmikegropper@gmail.com

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

South Africa’s municipal election is unlikely to produce an immediate shift in the country’s policy toward Israel, but the African National Congress’s (ANC) declining electoral dominance could make it increasingly difficult for the party to maintain its diplomatic position without facing challenges from its coalition partners, Jason Halfon told The Jerusalem Post.

Halfon is a South African based in Israel who previously held leadership positions in the Democratic Alliance party and is a graduate of its Young Leaders and, more recently, Catalyst programs.

The November 4 local elections saw the ANC suffer significant losses, with its share of the national proportional representation vote falling to approximately 30.9%, down from 45.6% in 2021. The Democratic Alliance (DA) received approximately 24.7%, up from 21.7%, while the uMkhonto weSizwe (MK) Party received approximately 9.8%.

Halfon argued that the results should not be viewed solely in the context of the ANC’s declining popularity, but also as evidence of the growing fragmentation of political power in South Africa.

Seven of South Africa’s eight metropolitan municipalities are heading toward coalition negotiations, with no party securing an outright majority. 

Election posters of South Africa's African National Congress (ANC) and other political parties are displayed on street poles ahead of South Africa's municipal elections on November 4, in Pretoria, South Africa, October 29, 2026. (credit: REUTERS/SIPHIWE SIBEKO)

Although the election does not directly affect the composition of South Africa’s national government, the results could have implications for the balance of power within the governing coalition, particularly as parties prepare for the next national elections.

Halfon told the Post that the losses also carry organizational consequences for the ANC itself. Municipal control has long functioned as a key source of party revenue through contributions from public representatives and as a vehicle for local patronage networks. Losing council seats and executive positions reduces both income streams and the party’s ability to direct appointments and procurement, he opined.

Halfon noted that the full impact of these losses is likely to become clearer in the period leading up to the ANC’s 2027 elective conference, when internal mobilization and branch-level resources become decisive.

How ANC losses could shift foreign policy

Municipal councils do not determine South Africa’s diplomatic policy, as the Presidency, the Department of International Relations and Cooperation (DIRCO), and the national executive remain the principal centers of foreign-policy decision-making.

Nevertheless, the results could strengthen the political standing of parties seeking to challenge ANC policies, particularly the DA, which participates in the national Government of National Unity (GNU).

Halfon said the DA remains the largest non-ANC party in the GNU and is essential to its parliamentary majority. While alternative partners exist on paper, any sustained turn toward parties that themselves emerged from ANC fractures would risk accelerating further splits. 

This structural position, he argued, creates “latent leverage” that could be exercised through contestation of key appointments, demands for formal coordination on major foreign-policy decisions, and the linking of municipal coalition negotiations to broader governance issues.

For Israel, the question is whether this redistribution of political power could eventually translate into a more pragmatic South African foreign policy.

Halfon thinks it could, but “indirectly, and only over time.”

While foreign policy is not decided in municipal chambers, the “diffusion of power across major councils changes the internal balance inside the GNU,” he explained.

“Single-party dominance of diplomatic posture becomes harder to maintain when coalition partners control significant local executive authority and can link national cooperation to broader governance demands.”

While Halfon said a shift would not produce sudden alignment with Israel, he suggested that the results could eventually encourage a “gradual move toward greater pragmatism.” This could mean prioritizing economic and technological interests such as water management, agriculture, and municipal innovation in South Africa’s relationship with Israel, rather than allowing ideological considerations to dominate diplomatic decision-making.

Halfon noted that South Africa’s large Christian population also gives practical weight to the cost of restricted travel and pilgrimage links.

“These factors create space for recalibration if non-ANC parties consistently use their municipal and national leverage to demand it,” he noted.

South Africa’s ICJ case against Israel

The ANC has historically made support for the Palestinian cause a central part of its foreign policy and political identity.

This position has become particularly well-known since December 2023, when South Africa brought a case against Israel before the International Court of Justice (ICJ), accusing it of violating the Genocide Convention through its military activity in Gaza. Israel has rejected the allegations and challenged the court’s jurisdiction.

The case remains ongoing, with the ICJ setting November 22, 2027, as the deadline for South Africa’s next written submission and May 22, 2029, for Israel’s response. The court has not issued a final ruling on the genocide allegations.

Halfon said the ANC’s support for the Palestinian cause remains “institutionally entrenched,” even though the original framework that once contained it has largely eroded.

“Historically the ANC maintained a more complex position,” he told the Post. “A disproportionate number of South African Jews, drawing on their own experience of persecution, played significant roles in the anti-apartheid struggle. Nelson Mandela explicitly recognized the legitimacy of Zionism as Jewish national self-determination while simultaneously supporting Palestinian aspirations. He saw no necessary contradiction.”

According to Halfon, that balance began to narrow as the ANC transitioned from a liberation movement into South Africa’s governing party.

“Today the position functions less as a carefully weighed principle and more as a source of elite cohesion, international signaling, and domestic distraction,” he continued.

The ANC’s claim of historical solidarity with liberation movements “has become harder to sustain on two practical grounds,” Halfon added.

“First, consistency: Equivalent diplomatic energy and legal activism are not applied to other severe human-rights crises, including the mass internment of Uyghurs or the large-scale killing of Christians in parts of Africa. Selective application weakens the claim that the policy is driven by universal principle.”

“Second, opportunity cost. South Africa faces collapsing municipal infrastructure, unreliable water and power, and high levels of violence. The expenditure of diplomatic capital and state resources on a distant conflict while basic services deteriorate is increasingly difficult to justify to voters who judge parties on local outcomes.”

Halfon argued that, although support for the Palestinian cause remains deeply embedded within the ANC, “its political returns are diminishing relative to its costs.”

The municipal election results could reinforce that pressure by demonstrating that voters want more focus on domestic governance issues, particularly infrastructure, service delivery and public safety. However, they do not necessarily indicate that voters are rejecting the ANC’s position on Israel.

What the results mean for Israel and South Africa’s Jewish community

For Israel and South Africa’s Jewish community, Halfon said the results should primarily be seen as evidence that South African voters are judging parties on local delivery and accountability rather than international signaling.

“For Israel and the local Jewish community, the practical implication is straightforward,” he said. “The era of unchallenged single-party control of diplomatic posture is ending. The quality of the coalitions that emerge, and the willingness of non-ANC parties to treat foreign policy as a legitimate area of negotiation rather than a reserved domain, will determine whether that change produces a more balanced and interest-driven approach.”

“The municipal results themselves do not guarantee that outcome; they only make it possible,” he concluded.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Iraq has reached an understanding with the United States to allow Iraqi oil exports through the Strait of Hormuz via a shipping lane near Oman, Foreign Minister Fuad Hussein said in an interview with Al Jazeera.

He said Iraq’s losses from the Iran war and disruptions to oil exports had reached $60 billion.

Iraq’s oil exports recovered in October after a sharp drop the previous month. Exports rose to about 3.5 million barrels per day from 2.65 million bpd in September, according to Iraqi energy officials.

US asks Iraq to close Iran border crossings

Hussein also said the US Treasury had asked Iraq to close all but two of its border crossings with Iran, as part of Washington’s campaign to increase economic pressure on Tehran.

One of the two crossings that would remain open is in the Kurdistan Region.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, November 3, 2026 (credit: REUTERS/STRINGER)

Iraq has already closed some crossings with Iran in recent weeks, including the Al-Sheeb crossing in the south, citing the need for security and infrastructure upgrades. Tehran criticized that decision, saying Baghdad had not given advance notice.

Attacks in the Strait of Hormuz

Iran’s Revolutionary Guards said on Wednesday that four oil tankers were destroyed after striking naval mines while trying to traverse a route described as prohibited south of the key waterway, and that two other vessels had been seized.

A day later, the IRGC said two oil tankers and a tugboat had caught fire in separate incidents after attempting to use unauthorized routes through the Strait of Hormuz.

On Sunday, Iran’s navy said an oil tanker caught fire after striking a naval mine east of the Strait of Hormuz.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Over the last two days, several reports have emerged that claim Syria is sending forces to Saudi Arabia. The reports differ on the number and type of forces involved. This is an important development. It is equally important that rumors or anonymous sources be subjected to skepticism.

Here is what is known so far about the reports of Syria sending forces to support Saudi Arabia.

In October, Reuters reported that Damascus was considering sending military support to Saudi Arabia. This came after Riyadh was increasingly coming under fire from the Iranian-backed Houthis. Iran has been prodding the Houthis since July to prepare for a new campaign. This came in the context of Iranian support that goes back at least to the 2015 Houthi offensive in Yemen and the Saudi intervention that year.

The Houthis captured areas near the Bab el-Mandeb Strait in September. Saudi Arabia has backed the Yemeni government against the Houthis. Saudi Arabia has also supported the new government in Syria. Syria’s new army has experience fighting Iranian-backed proxies because Hayat Tahrir al-Sham and other Syrian rebel groups fought Hezbollah and Iranian-backed militias in Syria between 2012 and the fall of the Assad regime in December 2024.

The October report noted that Syria might help Riyadh defensively to protect the Kingdom. The Syrians could also use their skills in discretionary small-unit warfare to aid in operations in Yemen. The next reports at Reuters on November 6 reported more concrete evidence that the Syrians were aiding Riyadh. 

Saudi-backed Yemeni government forces ride in the back of a military truck at the Jabal Han front west of the city of Taiz following fierce battles earlier in the day, October 3, 2026. (credit: Ahmad AL-BASHA / AFP via Getty Images)

“Syria is aiding Riyadh with military advice and training as Saudi Arabia comes under attack by Yemen’s Houthis, and has sent a limited number of military personnel to the kingdom, two Syrian military sources and a senior US official said,” Reuters reported.

Syrian media site claims country sent military advisers, training teams to Saudi Arabia

Levant24, a Syrian media site, re-reported the Reuters report. “Syria has sent military advisers and training teams to Saudi Arabia as Riyadh confronts escalating attacks by Yemen’s Houthi group, Reuters reported Friday, citing Syrian and US sources. The reported deployment comes days after Damascus and Riyadh signed a defense cooperation agreement covering military training, advisory support and the exchange of expertise.”

Levant24 noted that two Syrian sources had said that “dozens of Syrian military personnel have traveled to Saudi Arabia in recent weeks. They said the personnel are providing advice and training, while suggesting their responsibilities could extend beyond those activities.”

This looks like an advise and assist mission, with training for the Saudis and Yemeni fighters as well. “The goal is to improve their combat capabilities, drawing on the experience Syrian fighters gained during years of conflict.”

Syria has said that the initial deployment was small and is narrowly focused. It is based on the defense agreement with Saudi Arabia, which includes “advisory support, training, and the exchange of expertise.” A Saudi source told Reuters that Riyadh was also aiding Syria to restructure its armed forces. It also noted that the recent November 4 agreement “was signed during Syrian President Ahmad al-Sharaa’s visit to Riyadh, where he met Crown Prince Muhammad bin Salman.”

Aron Lund, an expert on the region at FOI, the Swedish Defence Research Agency, noted in a post on X/Twitter that the report “comes right after the signing of a Syrian-Saudi defense MoU and, interestingly, the Turkish parliament’s ratification of the Mecca Alliance. All previous Syrian mercenary ops were organized by Turkey or Turkish security companies.”

Syrian State media SANA was quoted by Al-Arabiya on November 7, noting, “A Syrian diplomatic source told SANA: Military cooperation with Saudi Arabia focuses on training and advisory services.” SANA had added that the current military agreement with Riyadh focuses on exchange of expertise and other discussions that would benefit both countries.

Syrian-Saudi agreement focused on training military forces, building capabilities

The agreement with the Kingdom of Saudi Arabia was focused on training military forces and building their capabilities, with coordination and visits forthcoming. The concept is to move toward a mutual defense agreement or Syria’s accession to the Mecca Joint Defense Agreement, a partnership of Saudi Arabia, Pakistan, and Turkey.

However, Syria appeared to reject reports that said military forces had been sent. The prominent X account Qalaat Al Mudiq, which focuses on Syria, added that “Damascus has finally issued a – carefully worded – statement on growing reports of Syrian military support for Saudi Arabia, while leaving the door open to joining the Mecca Pact.”

The report noted that “even sending advisers to Saudi Arabia would mark a significant shift from Sharaa’s earlier non-alignment stance,” noting that Saudi Arabia had provided Damascus with financial support and this could be seen as reciprocating that. “In return, Syria may be offering something Saudi Arabia needs: Experienced advisers – and this might well be where things are heading.”

The next major report on the deployment came from the AFP. It said that “thousands of Syrian troops are set to deploy to Saudi Arabia and Yemen, with some already on the ground, multiple Yemeni officials told AFP, as Riyadh rallies international help to repel the Houthis and bolster the government in Aden.”

This Saturday report claimed that “hundreds of Syrian troops have already been deployed to both sides of the border, according to three separate Yemeni military sources and a defense official, with more to come.”

A source with the Yemen government’s Presidential Leadership Council told AFP that Syria would send as many as 3,000 troops to help fend off the Houthis. The report also claimed that as many as 10,000 troops could be sent. That would be a lot more than advisors for training. “Those already stationed on the Yemeni side of the border at the moment are leading drone operations against the Houthis in the area, one of the military officials told AFP.”

Levent Kemal, a conflict and security correspondent, reacted by noting on X that “the sources cited to AFP have exaggerated the numbers. The first team deployed, between October 20 and 25, consisted of approximately 1000 personnel, including drone operators and logistics personnel. Sending thousands of soldiers would pose a serious problem for Syria.”

Charles Lister, the Director of the Syria program at the Middle East Institute, noted that “reporting from AFP has not accurately reported on #Syria, Saudi and Yemen. Syrian MOD personnel are in Saudi — but they are providing advisory & logistics roles, primarily in drones, transport & ISR [Intelligence, Surveillance, and Reconnaissance]. They are not combat troops — that was the compromise.”

US Representative Joe Wilson, who has been a major supporter of Syria and the Syrian people, wrote that he is “deeply grateful to Syria for their courageous leadership in providing military assistance to the people of Yemen and Saudi Arabia in their fight against radical Houthi terrorists. Syria has been freed from Iran and will soon help to free Yemen from Iran. All of the peoples of the region must work against Iran and its puppets!”

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

URL has been copied successfully!

Teva Pharmaceuticals is “disappointed” by the Irish Hospital Consultants Association’s decision to boycott its products, the Israeli company told The Jerusalem Post on Sunday.

The Irish consultants’ representative body passed a motion last week encouraging a boycott of products made by the Teva Pharmaceuticals, and urging members to avoid prescribing, administering, or using Teva Pharmaceuticals’ products “where clinically appropriate and equivalent alternatives are available” and as long as it does not compromise patient safety, continuity of treatment, or clinical outcomes.

A full prescription boycott would affect 12.5% of all prescriptions in Ireland (the amount estimated to be produced by Teva).

The motion, according to the Irish Examiner, said it would support and defend clinicians who choose not to use the products on “ethical grounds.”

Teva told the Post that it is proud to have been producing medicines in Ireland for over 30 years – medicines that patients and healthcare professionals “rely on every day both here and around the world.” 

(ILLUSTRATIVE) DEMONSTRATORS HOLD banners in support of Palestinians during a protest in relation to the ceasefire in Gaza, in Dublin, Ireland, February 21, 2026. (credit: REUTERS/CLODAGH KILCOYNE)

“Healthcare shouldn’t be politicized, and treatment decisions should be guided by clinical evidence, patient need, and professional judgment,” Teva said.

“Any action that seeks to restrict access to medicines for reasons unrelated to patient care risks undermining the principle that patients should receive the treatment most appropriate for their condition.”

Teva says it remains committed to working constructively with Irish healthcare professionals

While Teva said it respectfully disagrees with the decision, it told the Post it remains committed to working constructively with healthcare professionals across Ireland and to supporting patients through the “consistent supply of high-quality medicines.”

The motion said the position was being taken as Teva Pharmaceuticals faces “significant ethical concern and international scrutiny in the context of the ongoing conflict” in Gaza.

“These concerns have led healthcare professionals in Ireland and internationally to question the continued use and procurement of Teva products where clinically appropriate alternatives are available,” it said.

The motion was proposed by Irish consultant Thomas Donnelly following concerns over Israel’s actions in Gaza.

“As a pediatric orthopedic surgeon, I have treated families from Gaza whose injuries are devastating and will require lifelong management,” Donnelly said, according to the Irish Examiner.

“To then contemplate that products I prescribe or administer could, even indirectly, contribute to further bombardments is unconscionable.

Donnelly: ‘I cannot in good conscience use Teva Pharmaceuticals products’

“Where a clinically appropriate alternative exists, I cannot in good conscience use Teva Pharmaceuticals products, which is why I proposed the motion and I welcome the IHCA’s commitment to defend clinicians who take that position in good faith,” he reportedly said.

Teva Ireland’s own website describes it as one of the largest suppliers of prescription medicines to the HSE and says one in eight prescription packs supplied to Irish pharmacies is a Teva medicine.

Just weeks ago, the UK’s Royal College of Nursing and the Royal College of Pharmacy also cut ties with Teva UK, the British arm of Teva Pharmaceuticals. Both ended the commercial partnership (sponsorship and exhibition presence, for example) rather than boycotting the products themselves.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published on here. 

Archive December2015 Teva factory exterior in Kfar Sava, Israel, not an Irish facility

URL has been copied successfully!

David Shay / Wikimedia Commons / CC BY-SA 4.0 / December 2015 archive

Teva Pharmaceuticals says it remains committed to supplying high-quality medicines and working with healthcare professionals in Ireland after the Irish Hospital Consultants Association approved a motion encouraging members to avoid its products when clinically appropriate alternatives are available.

The company said in a statement Sunday that it was “disappointed” by the decision and respectfully disagreed with it. Teva placed patient care and the continuity of its work with Irish healthcare professionals at the center of its response.

“Healthcare shouldn’t be politicized, and treatment decisions should be guided by clinical evidence, patient need, and professional judgment,” Teva said.

“Any action that seeks to restrict access to medicines for reasons unrelated to patient care risks undermining the principle that patients should receive the treatment most appropriate for their condition,” it said.

The consultants’ motion is conditional: it encourages avoiding Teva medicines where clinically appropriate and equivalent alternatives exist, provided that doing so does not compromise patient safety, continuity of treatment or clinical outcomes. It is a professional association’s position, not a government ban on the company’s medicines.

Teva said it is proud to have produced medicines in Ireland for more than 30 years, serving patients and healthcare professionals in the country and around the world. Despite its disagreement with the motion, the company said it remains committed to working constructively with Irish professionals and supporting patients through the “consistent supply of high-quality medicines.”

JBizNews Desk | New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Elon Musk speaking at the World Economic Forum in January2026 archive video frame

URL has been copied successfully!

World Economic Forum / CC BY 4.0 / January 2026 archive video frame

Elon Musk said Sunday that fixes to make Grok Bot more efficient and improve its behavior are underway, putting the focus on how much work subscribers can get from an AI usage allowance shared across several products.

“Grok Bot fixes for improved token efficiency and smarter behavior are underway,” Musk wrote in an 8:17 a.m. Eastern post on X on November 8. He did not give a release date, quantify the expected improvement or announce an increase in subscription allowances.

The distinction matters for paying customers: a more efficient bot is not the same as a larger included allowance. Under the company’s current Grok Bot subscription rules, usage comes from a weekly pool shared across Grok, Grok Bot and Cursor, rather than a separate additional pool reserved for the bot.

Grok Bot is included in the Premium, Super and Ultra tiers of The X Subscription. The current list prices are $30, $100 and $200 a month, respectively, before applicable taxes and fees. The $8 Plus tier does not include Grok Bot. Higher tiers provide larger shared usage pools.

Subscribers who reach their included usage can buy top-ups or wait for the allowance to refresh, according to the pricing page. The weekly reset means that how much an individual product consumes can affect the capacity left for other Grok and Cursor work in the same pool.

The company’s subscription documentation also distinguishes these plans from existing Cursor, SuperGrok and X Premium subscriptions, which continue unless customers change or cancel them. Switching to the combined subscription is optional for existing customers.

For users deciding whether to upgrade or buy more usage, Sunday’s announcement is a commitment to work on efficiency and behavior, not a new published price or a guaranteed amount of additional work. Musk’s post did not say the fixes were already available.

JBizNews Desk | New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive September2022 Nvidia headquarters entrance in SantaClara

URL has been copied successfully!

Coolcaesar / Wikimedia Commons / CC BY-SA 4.0 / September 2022 archive

Nvidia Chief Executive Jensen Huang admitted he was unfaithful to his wife in a reported email to employees Sunday, apologizing to his family and colleagues as the company’s board opened an independent investigation into reports that he was targeted by a foreign intelligence effort.

A company spokesperson said Huang will continue leading Nvidia as CEO without interruption. The board separately expressed confidence in him and his leadership team while assigning oversight of the inquiry to independent directors assisted by outside independent counsel.

“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang wrote in the reported employee email.

Huang took responsibility for the hurt caused by his actions and addressed his colleagues, the board, partners and shareholders. “Leading NVIDIA is the privilege of my life,” the reported email said. “I am fully committed to NVIDIA and will work to earn back your confidence.”

Addressing the national-security concerns raised in news reports, Huang said he supports the board investigation and will cooperate fully. He also said his family bears no responsibility for his choices and asked that they be given privacy.

The published text of the reported email does not name the woman or establish that espionage occurred. Huang’s admission of infidelity and the board’s examination of potential security concerns are separate matters.

“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,” the directors said in their November 8 statement.

The board said U.S. national and economic security is paramount to the interests of Nvidia and its shareholders and promised further updates as appropriate. A company spokesperson’s statement said Huang remains committed to continuing as chief executive without interruption.

JBizNews Desk | New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

URL has been copied successfully!

Every generation entering the workforce has its work ethic put on trial. For Gen Z, the charge is a reluctance to stay reachable once the workday ends.

New survey data suggests the bargain they are questioning is lopsided. In a June 2026 survey of 1,006 U.S. employees by Software Finder, 69% said being available after hours has not meaningfully improved their careers. Just 8% credit it with a promotion, and 12% with a raise or bonus.

The costs are easier to find. Forty percent of respondents said after-hours availability has worsened their work-life balance, 38% said it has raised their stress, and 32% said it has worsened burnout.

That gap between sacrifice and reward comes as employers grow stingier with advancement. Workday data reported by Fortune showed promotion rates fell in 10 of the 11 industries it tracks in the first half of 2025.

Always-on workers get a small edge at a steep price

The survey splits respondents into always-on workers and those who set firmer boundaries around their time off. The always-on group does report more upside: 57% say their availability helped their career, compared with 8% of boundary-setters.

Promotions are another story. Only 17% of always-on workers credit their availability with a promotion, though that still beats the 2% of boundary-setters who do.

The trade-off is steep. Always-on workers were 2.8 times as likely as boundary-setters to report worsened burnout, 2.6 times as likely to report worsened work-life balance, and 2.4 times as likely to report worse sleep.

Even time off offers little relief. Some 73% of workers check work messages on vacation, and 51% have answered a work email while away.

Stepping back carries its own risk, and workers know it: 49% worry that setting boundaries could hurt their careers. That fear has some basis. In a 2025 study covered by Fortune, managers rated employees who unplugged after hours as more productive but less committed and less deserving of promotion, even when their performance reviews were identical.

Gen Z feels the pull less than older colleagues

This is where the generational divide shows up. Gen Z respondents were the least likely to feel pressure to respond after hours, at 65%, compared with 72% of both millennials and Gen X.

Feeling less pressure has not spared them the toll. Burnout worsened for 34% of Gen Z workers, the same share as millennials, compared with 26% of Gen X.

Jeff LeBlanc, a lecturer at Bentley University, describes the old bargain as “performative availability” in a recent Fast Company column: treating visibility, rather than results, as proof of commitment. He argues Gen Z’s resistance challenges workplace norms, not a lack of drive. “Gen Z hasn’t shown that they don’t value hard work,” he writes.

Millennials and Gen X, many now in management, may be part of the problem. LeBlanc writes that those generations “might be compounding these expectations” for the workers who report to them.

The cost of showing up

The strain extends well beyond one survey. In Deloitte’s 2026 Gen Z and Millennial Survey of more than 22,500 respondents in 44 countries, 48% of Gen Zs and 45% of millennials said they feel burned out.

Those same respondents are rethinking the climb itself. As Fortune reported in June, only 6% of Gen Zs and millennials in the Deloitte survey named reaching a leadership position as their top career goal.

Emma Codd, Deloitte Global’s global inclusion leader, put the stakes plainly in the report: “When showing up becomes more important than being well, inequities deepen, and the cost shows up in burnout, attrition, and lost potential.”

This story was originally featured on Fortune.com

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here. 

Archive Starlink satellite-internet dish and stand outside a residential home

URL has been copied successfully!

Wikideas1 / Wikimedia Commons / CC0 / archive, cropped

Starlink lists monthly prices of $104 to $156 for its Residential Max home-internet plan in its U.S. Broadband Facts disclosure, putting the same plan’s listed price range $52 apart depending on location.

For households comparing internet bills, the important number is the quote for their own address. The satellite-internet service, a division of SpaceX, tells customers to enter their service address to see the available plans, equipment cost and monthly service price. Its published range is not a single nationwide rate.

Three plans, three price ranges

The Broadband Facts labels on Starlink’s residential order page, checked Sunday, list Residential 100 Mbps at $44 to $66 a month and Residential 200 Mbps at $68 to $102, alongside the $104-to-$156 range for Residential Max. Those are monthly service prices; the labels separately list demand surcharges, shipping and handling, and taxes as costs that vary by location.

At the top and bottom of the Max range, 12 months of service would total $1,872 and $1,248, respectively, before any separate charges. That is a $624 difference over a year, calculated from the label’s monthly figures, not a claim that every subscriber’s bill is going up by that amount.

A Sunday check using a public Portland, Oregon, address showed why the range and an individual quote must be read separately. The order page displayed $66 a month for Residential 100 Mbps, while selecting Max displayed $130 a month. Neither quote establishes what a different address or an existing customer’s account will show.

Why the address matters

Starlink says its service-plan offerings vary with network capacity, regulatory approval and local demand. Available options are filtered by the service address, account and hardware, and a plan that does not appear is not currently available for that account.

The lower-priced tiers also differ from Max in what they offer. Starlink says the 100 Mbps and 200 Mbps plans have download-speed limits matching their names. Its Max label lists typical download speeds of 170 to 320 Mbps and unlimited residential data. The company cautions that advertised maximum speeds are not guaranteed and can be slower during congestion.

For someone deciding whether the service fits the household budget, the check is straightforward: use the exact service address, compare the monthly service charge with any equipment and one-time costs, and read the plan’s Broadband Facts label. Starlink’s cost guidance directs customers to preview that address-specific breakdown before ordering.

JBizNews Desk | New York

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

URL has been copied successfully!

A 15% Black Friday discount on a Christmas hotel room this year comes to about $167 a night. That is roughly what the average Christmas room cost a year ago.

Black Friday falls on Nov. 27 this year, followed by Cyber Monday on Nov. 30 and Travel Tuesday on Dec. 1, and airlines, hotels and cruise lines are expected to compete for bookings across all three. For budget-conscious travelers, the question is whether a markdown matters when starting prices have already jumped.

Fuel costs are keeping fares high

According to Hopper’s 2026 Holiday Travel Index, domestic round-trip Thanksgiving flights are averaging $402, up 31% from 2025. Christmas fares are up 23%, with round trips averaging $452. Hopper projects this will be the most expensive holiday travel season in a decade.

Elevated jet fuel prices are behind the climb, making deep holiday discounts less likely. For most carriers, fuel is the second-largest cost after labor. Delta said after its third-quarter results that its jet fuel costs rose 60%, an increase of $1.6 billion from a year earlier.

Travelers have absorbed most of that. CEO Ed Bastian said in July that he expected Delta to pass close to 100% of its higher fuel costs on to customers in the third quarter, and the airline’s revenue per seat mile rose 15%.

On the earnings call, Bastian said the market “has accepted these price points.” He also said, “Hopefully, we will see fuel recede into the next year at some point, and that’s when I think you’ll see the real earnings power of this franchise be amplified.” As Fortune reported, that suggests higher fares could stick even if fuel prices ease, as long as demand holds up.

Other carriers, including American, United and Southwest, have cut less profitable routes, tightening supply as demand peaks. U.S. airfares were up 22.4% in September from a year earlier, according to the Bureau of Labor Statistics, as airlines chose higher fares over fuller planes.

Hotels are steady at Thanksgiving and pricier at Christmas

Domestic hotel prices are splitting. Hopper reports that Thanksgiving rates are running about $170 a night, comparable to 2025, while Christmas rates average $197 a night, up 18% from a year ago.

Hopper expects rates to rise and availability to fall as the holidays near, which changes the math on any sale. A promotional price may only bring a surge-priced room back to last year’s rate.

The best travel deals come bundled

With capacity tight and costs elevated, there is little room left for deep discounts. DaShawna Carpenter, owner of Skyy Travel Mavens, says the shopping holiday has lost some of its punch in travel.

“Black Friday is definitely becoming weaker,” she says. “While I think you can genuinely find legitimate savings, I have found that prices are sometimes inflated to appear cheaper during the sale periods. So it’s more of a marketing campaign than anything, especially for travel.”

She says Travel Tuesday tends to offer the best deals of the three days but cautions that most of them are bundled. “Most of the deals are attached to packages rather than flights alone, so it’s hard to say whether there are huge fare deals or not.”

That distinction matters for anyone hoping to save on airfare alone. A package price blends airfare, lodging and extras, which makes it difficult to see what the flight itself costs.

Even when a discount does apply to airfare, Carpenter says, the savings may be narrower than they look. “Some airlines apply discounts to airfare but leave fuel pricing, taxes, and other fees the same.”

Her advice is to arrive with a reference point rather than be swayed by a lower sticker price. “A traveler has to be knowledgeable in what the fare normally costs to really understand the discounts and what they are comparing it to.”

Travel sales fill a slow booking window

November and December have historically been slow booking months, and Carpenter notes that the discount-day “marketing campaigns have helped fill that gap.” The sales are less about generosity than about smoothing demand in a quiet window for trips later in the year.

That is also why missing them is not a big deal. “If you don’t buy on any of these marketed ‘discount days,’ there will definitely be other chances to catch a discount,” she says.

Carpenter’s read on traveler spending is consistent with carriers’ decision to hold prices high. “We found out during COVID that travel is somewhat recession- and virus-proof,” she says. “Travelers are going to remain committed to their vacations and I’ve found they cut back on other things in order to keep their travel plans up.”

She also credits buy now, pay later services such as Klarna, Afterpay and Affirm with making travel more attainable and consistent, even for price-sensitive travelers.

What to do before you book

For travelers eyeing next year, Carpenter’s advice centers on comparison shopping rather than chasing a single flash fare.

  • Compare against the normal price, not the crossed-out one. Watch a route or hotel for weeks before the sale and check its price history.
  • Read what the discount covers. Taxes, fuel-related charges and fees may not change, and a sale that applies only to a nonrefundable fare is not the same as a cheaper trip.
  • Look at packages, but price the parts. The strongest bundled offers tend to appear on Travel Tuesday, but a bundle can hide a weak airfare.
  • Don’t panic if you miss the window. Other sales will come.

For this holiday season, timing matters more than coupons. Hopper had advised booking holiday flights and hotels before Halloween and expects prices to keep rising as the dates approach, so waiting for a sale works against the trend.

Fares on the Sunday after Thanksgiving can top $600, Hopper notes, while flying on Thanksgiving Day, Black Friday or Cyber Monday is cheaper. This year, the best Black Friday travel deal may be a seat on a plane that day.

This story was originally featured on Fortune.com

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here. 

Falcon9 standing at Vandenberg in January2016, archive photograph

URL has been copied successfully!

SpaceX / Wikimedia Commons / CC0

SpaceX is targeting Monday, November 9, for a Falcon 9 launch of the USSF-627 mission from California, with a four-hour window opening at 7:03 p.m. Pacific time, or 10:03 p.m. Eastern. The flight from Vandenberg Space Force Base would be the seventh for the mission’s first-stage booster.

For viewers on the East Coast, the opening of the launch window falls late Monday evening. Residents in three California counties may also hear sonic booms during the flight, depending on weather and other conditions.

SpaceX’s mission announcement lists Space Launch Complex 4E at Vandenberg as the departure point. If the mission does not fly during Monday’s opportunity, a backup is available Tuesday, November 10, at 6:49 p.m. Pacific, or 9:49 p.m. Eastern.

Seventh flight for the booster

The Falcon 9 first stage assigned to USSF-627 previously supported NROL-179, SDA-T1TL-E, SDA-T1TL-A and three Starlink missions, according to SpaceX. Monday’s planned flight would add another mission to that booster’s record.

After separating from the rocket’s second stage, the booster is scheduled to return to the Of Course I Still Love You droneship in the Pacific Ocean. The published flight sequence places stage separation at about two minutes and 29 seconds after liftoff and the first-stage landing at about eight minutes and 11 seconds. Those times are approximate.

How to watch, and where booms may be heard

A live webcast is scheduled to begin about 10 minutes before liftoff on the mission page and the company’s X account. The broadcast’s start follows the actual launch time rather than guaranteeing liftoff at the opening of the four-hour window.

SpaceX said residents of Santa Barbara, San Luis Obispo and Ventura counties could hear one or more sonic booms during the launch. What people experience will depend on weather and other conditions.

The schedule remains a launch target. For people planning to watch or living within the possible sonic-boom area, the mission page is the place to check for changes to the countdown, launch opportunity and live coverage.

Archive photograph: Falcon 9 at Vandenberg in January 2016, not the USSF-627 rocket.

JBizNews Desk | Vandenberg, California

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive photograph of a gas station canopy

URL has been copied successfully!

U.S. Air Force / Airman 1st Class Andrew Lee / Public domain

GasBuddy’s measure of the U.S. national average price of gasoline fell below $4 a gallon Sunday for the first time since August 10, according to analyst Patrick De Haan, marking a milestone for drivers after months above that level.

De Haan put the average at $3.998 a gallon in an 11:10 a.m. Eastern time update on November 8. The figure is his morning snapshot of the national average, not a promise about the price on every station’s sign.

“The national average price of gasoline has fallen below $4 per gallon for the first time since August 10,” he wrote in his Sunday update. He described gasoline as “$3.998/gal and falling” and said diesel prices were also declining.

The separate AAA national average was $4.0203 on Sunday, so the below-$4 milestone applies to the GasBuddy measure De Haan reported.

Seasonal declines meet hopes for an Iran deal

In a follow-up to the same post, De Haan said the decline was mainly seasonal, with falling oil prices on optimism over a possible deal with Iran also contributing. That explanation links the pump-price improvement both to the seasonal pattern he identified and to expectations about diplomacy.

The distinction matters for drivers planning their next fill-up. The milestone describes a national average crossing a threshold; it does not set one uniform retail price. Individual stations and local markets can remain above or below it.

Diesel’s next threshold remains a forecast

De Haan said diesel was “poised to fall below $6 soon.” That was his expectation for the next move, separate from the gasoline milestone already reached in his morning data.

For households paying to commute, run errands or travel, a lower pump price reduces the cost of buying the same amount of fuel. For businesses buying diesel, the next threshold he flagged would be another sign of relief if the decline continues.

Sunday’s gasoline update moves the story from an expected drop to an observed milestone in De Haan’s tracking. The national average had crossed below $4; how much motorists save on their own fill-up still depends on the price where they buy.

Archive photograph of a gas station, not a current price display.

JBizNews Desk | United States

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

URL has been copied successfully!

Investors have already taken a severe beating recently, but there’s much more stock market carnage in store as the AI investment boom wanes, according to Capital Economics.

In a note on Friday, Chief Economic Adviser Vicky Redwood said AI still has potential to boost productivity but is bearish about the amount of revenue that can be generated to sustain the rate of investment.

A handful of hyperscalers are expected to spend $800 billion this year, double from a year ago, and invest an estimated $1 trillion or more in 2027. Many forecasts assume annual capital expenditures will remain above $1 trillion for several years.

But Redwood calculated that annual AI-related revenues earned from external customers would have to explode by 10-fold by 2030 to justify all that spending. While that’s possible, it implies a much more severe and rapid disruption to the economy than currently seen, such major displacement of existing businesses and labor.

As a result, she thinks investment will continue to rise next year but at a slower pace—then fall outright in 2028 by around 10%.

Given that higher AI investment added 0.3 percentage point to U.S. GDP growth last year, a capex slowdown should trim that much from its recent growth rate, Redwood estimated, and a 10% capex drop might take 0.1% off GDP.

That’s actually just a slight haircut, especially compared to more AI-dependent economies in Asia. Taiwan’s real GDP growth next year should be around 3 percentage points lower, and South Korea’s should be 1 point lower, with a further drag in 2028.

Meanwhile, the stock market will price in the looming AI capex drop even sooner. Redwood expects the S&P 500 will be 12% below its current level by the end of 2027, putting it 17% off its early-October peak.

“We expect considerably larger falls in tech-heavy indices,” she added. “A tightening of financial conditions driven by factors such as higher energy prices or term premia could also make financing investment hard.”

Lower stock prices will also feed into the economy via the wealth effect, which fuels consumer spending. The market’s rally over the past year lifted GDP by around 0.4%, according to Redwood, so a stock selloff should produce an economic drag of similar scale.

Despite the warnings about capex, GDP and stocks, AI will continue to work its way into the economy and improve productivity, helped by the infrastructure that’s already been built and the new investment that’s on the way, albeit at a slower rate.

In fact, capex could remain relatively high even after declining, Redwood pointed out, as hyperscalers keep spending to replace depreciating equipment, exploit economies of scale, and stay ahead in the “winner-takes-most” AI race. They could also spread out any investment declines over several years instead of all at once.

“The bottom line for the U.S. economy is that we expect slower GDP growth in 2028, but not a major downturn,” Redwood wrote. “Admittedly, recessions have sometimes followed previous capex booms and busts, including in the early 2000s after the dotcom bust. However, a fall in capital spending alone has generally not been sufficient to cause a recession.”

At the same time, AI adoption should continue to expand, boosting productivity and supporting output growth. Redwood estimated that AI will increase U.S. productivity by about 1% per year for several years.

She does not expect an abrupt collapse in AI investment or a severe economic downturn when the boom ends.

“Rather, we expect investment to adjust to a more sustainable pace, with sufficient capacity still being added to support further growth in AI usage,” she concluded.

This story was originally featured on Fortune.com

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here.