King David Hotel in Jerusalem, archive view

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Foreign-tourist hotel nights in Jerusalem rose 46% in the third quarter from a year earlier but remained about 67% below 2019, leaving the city’s tourism businesses well short of their pre-pandemic level despite the rebound.

Hotels recorded 294,500 foreign-tourist nights in July through September 2026, compared with 201,000 in the same period of 2025 and 879,400 in 2019, according to hotel-association data in a report published Sunday. The figures count overnight stays, rather than individual visitors.

Domestic visitors support the recovery

Total hotel nights in the city reached 878,300 in the quarter, including 583,800 nights by Israeli guests. The total was up about 16% from a year earlier but remained about 30% below 2019, the report said.

Neta Briskin-Peleg, head of tourism at the Jerusalem Development Authority, said foreign visitors historically accounted for about 80% of the city’s tourism activity. She said their absence had hurt businesses dependent on incoming tourism and led many to adapt to the domestic market.

Flights and insurance remain barriers

Briskin-Peleg identified too few flights, high airfares and uncertainty around travel as the main obstacles to recovery. Travel warnings make it difficult in some countries to obtain insurance for trips to Israel, while security-related flight cancellations complicate planning for visitors and group organizers, she said.

Her assessment puts access to Israel at the center of the city’s tourism challenge. Marketing Jerusalem and adding rooms depend on travelers being able to arrange flights and insurance with confidence.

More rooms planned through 2030

Jerusalem has about 193 hotels, guesthouses and hostels with roughly 14,000 rooms, Briskin-Peleg said. She expects about 3,000 additional hotel rooms by the end of 2030.

The development authority has used domestic-tourism campaigns, cultural events and support for group travel to encourage demand, the report said. Its past summer promotion included hotel discounts and a digital wallet benefit, while its wider work includes encouraging conferences and marketing the city to Israeli vacationers.

The quarter’s results show how much of the recovery still depends on overseas guests: foreign-tourist nights have risen sharply from a low base while remaining far below the level that supported the city before the pandemic.

JBizNews Desk | Jerusalem

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

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US Central Command (CENTCOM) has announced that it is establishing a task force aimed at preventing Iran from using land routes and the Caspian Sea to transport advanced weapons, sanctioned materials, and other equipment.

The fresh operation represents an expansion of American efforts to restrict the Islamic Republic’s access to new weapons and financial networks.

This comes after an eight-month naval blockade.

CENTCOM says it has already prevented Tehran from exporting billions of dollars in crude oil. Task Force Iron Gate, part of the new CENTCOM plan, will have “an internal staff of approximately 20 civilian and military personnel based in Tampa, Florida,” the US said.

“The new CENTCOM team will coordinate with other US government agencies on preventing the movement of advanced weapons systems, dual-use technologies, sanctioned materials, and illegal revenue streams across Iran’s land borders and the Caspian Sea,” it added.

US CENTCOM Commander Admiral Brad Cooper testifies before the Senate Armed Services Committee on ''The Posture of the US Central Command and US Africa Command in Review'' on Capitol Hill in Washington, DC, US, May 14, 2026.  (credit: REUTERS/KEVIN LAMARQUE)

The new move also comes after the midterm elections, with many critics of the Iran war now empowered in the US, who may use their power in Congress to try to rein in the war effort.

This means that the United States could have limited time to execute new operations. The question is whether this latest attempt to interdict trade at Iran’s land border will work.

It is also not clear what the US will be doing in order to cut off Iran from various weapons supplies. It is known that the regime continues to try to build missiles and drones. Iran also uses supplies from Russia and China to keep its military-industrial complex humming.

Iran’s various land borders

CENTCOM said it wants to “prevent Iran from using ground routes to transport advanced weapons and other materials.”

Understanding the layout of Iran’s land borders can help clarify what this means and how CENTCOM aims to operate in this case.

Iran’s longest border is with Iraq, 1,599 kilometers long. Next comes its long border with Turkmenistan at 1,148 km., and then Afghanistan at 921 km. Its border with Pakistan is similarly long, at around 900 km. It also has shorter borders with Azerbaijan (611 km.) and Turkey (534 km.). Lastly, it borders Armenia with a 44 km perimeter.

Trying to cut off Iran from these borders appears to be an immense task. The US has already pressured Iraq to cut off Iranian air routes, and there is some pressure to deal with the Iran border crossings as well.

There are numerous Iranian-backed militias in Iraq. How will all of this clandestine trade be stopped?

It’s not clear what Iran may be bringing in from Pakistan, Afghanistan, and Central Asia. The US has good ties with Azerbaijan, and Turkey is a NATO member.

CENTCOM Commander directs formation of Task Force Iron Gate

Pakistan has complex ties with Iran. China has good relations with Pakistan and may use it as a conduit to supply Iran. However, Islamabad also has warm relations with the Trump administration. Significantly, Pakistan, Saudi Arabia, and Turkey have the new Mecca Defense Alliance pact. This adds many pieces to the puzzle.

CENTCOM Commander Adm. Brad Cooper will direct the Task Force Iron Gate team to coordinate with other US government agencies in addressing weapons trafficking and sanctions evasion across Iran’s borders, CENTCOM said over the weekend.

“The establishment of Task Force Iron Gate reinforces the success of our ironclad blockade against Iran at sea,” Cooper said in the statement, broadcast on Saturday. “Strengthening CENTCOM’s collaboration with US interagency partners will further constrain Iran’s ability to finance terrorism, rebuild weapons factories, and replenish its military.”

He added that the American naval blockade has prevented Iran from exporting over $25 billion in crude oil in recent months.

CENTCOM said strict enforcement continues against ships entering or departing Iranian ports.

This comes as the US Rewards for Justice program is also offering millions of dollars for information on Iran’s nuclear program. Will the two new initiatives pressure Iran? Will they cut Iran off from some supplies it needs for its weapons programs?

The establishment of the task force suggests that Washington is increasingly concerned about Iran’s ability to circumvent maritime restrictions via overland trade and transportation networks.

Unlike a naval blockade, which focuses on shipping routes and ports, monitoring land borders involves a complex network of roads, border crossings, and commercial transport companies. It appears to be a major challenge.

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Avigdor Liberman’s 2018 haredi (ultra-Orthodox) conscription proposal has reemerged as a potential basis for coalition negotiations after the Yisrael Beytenu chairman signaled on Sunday that he was willing to compromise with ultra-Orthodox parties. But how does the proposal compare with the draft legislation promoted by Boaz Bismuth in 2025, and would either framework meet the IDF’s growing manpower needs?

The 2018 proposal, developed by the Defense Ministry and the IDF during Liberman’s tenure as defense minister, sought to gradually increase haredi enlistment while preserving military service deferrals for yeshiva students. It established annual recruitment targets, financial penalties for institutions that failed to meet them, and a mechanism that could ultimately terminate the special exemption arrangement if recruitment targets were repeatedly missed.

Unlike Bismuth’s proposal, which introduced additional personal sanctions against individual yeshiva students, Liberman’s framework primarily targeted yeshiva funding and the continued validity of the exemption system itself. It also set a lower exemption age of 24, compared with 26 under Bismuth’s proposal.

The differences have taken on renewed political significance as Gadi Eisenkot prepares to receive the mandate to form a government. Liberman’s decision to lift his veto on cooperation with haredi parties has opened the door to coalition negotiations, although he maintains that his willingness to compromise does not amount to abandoning his support for universal conscription.

“Willingness to compromise does not mean abandoning values and principles,” Liberman wrote in a statement on Sunday, defending his change in political position amid criticism from commentators and journalists.

Yisrael Beytenu MK Avigdor Liberman Avigdor Liberman at the Democracy Festival, in Glilot, October 13, 2026 (credit: AVSHALOM SASSONI/FLASH90)

He emphasized that his 2018 proposal would require adjustments in light of the October 7 attacks and the subsequent increase in the military’s manpower requirements.

“It is clear to me that following the events of October 7, the law I proposed in 2018 also requires changes and adjustments, but it still constitutes a suitable basis for reaching agreements,” he wrote.

How do Liberman’s and Bismuth’s haredi draft proposals compare?

Liberman’s 2018 legislation was developed by a committee comprising representatives of the Defense Ministry and the IDF. It passed its first reading in the Knesset in July of that year.

The proposal aimed to increase military enlistment among ultra-Orthodox men without dismantling the existing yeshiva system. It allowed many students to continue deferring their service while establishing gradually increasing recruitment targets.

Bismuth’s 2025 proposal similarly preserved the possibility of service deferrals and exemptions but added personal restrictions intended to encourage enlistment.

Neither proposal established an immediate and equal military conscription requirement for all young haredi men.

One of the most significant differences between the proposals concerned the age at which yeshiva students could receive exemptions from military service. Liberman’s framework set the exemption age at 24, while Bismuth’s proposed legislation raised it to 26.

The enforcement mechanisms also differed substantially.

Under Liberman’s framework, annual recruitment targets were accompanied by financial sanctions against yeshivas if those targets were not met.

The proposal’s most consequential provision addressed prolonged failures to meet recruitment quotas. If actual enlistment remained below 85% of the annual target for three consecutive years, the amendment to the law would expire after an additional 12 months.

This meant that the special arrangement allowing military service deferrals and exemptions could not continue indefinitely if recruitment targets were repeatedly missed.

However, Liberman’s proposal did not establish a new system of personal sanctions against individual yeshiva students who failed to enlist.

Instead, its enforcement mechanisms focused primarily on financial penalties for religious institutions and the continued validity of the exemption system.

The committee that developed the framework also recommended expanding administrative sanctions against deserters and draft evaders.

Bismuth’s proposal, by contrast, introduced personal sanctions alongside financial penalties for yeshivas that failed to comply with the law.

Those proposed restrictions included limitations on overseas travel, obtaining a new driver’s license before age 23, and eligibility for certain government benefits and economic incentives.

However, the personal sanctions were not all designed to take effect automatically or immediately.

Some depended on the issuance of an enlistment order and the individual’s subsequent failure to report for duty. Others were linked to failures to meet broader recruitment targets, while certain restrictions were subject to age limits or delayed implementation dates.

The proposal also included provisions allowing sanctions to be eased or exemptions to be granted under specified circumstances.

For individual yeshiva students, Bismuth’s framework was therefore more stringent because it introduced additional personal restrictions.

On the exemption system as a whole, however, Liberman’s proposal established a potentially more far-reaching consequence for persistent failures to meet recruitment targets.

Under his framework, the special legislative arrangement could expire following three consecutive years of missed targets, subject to the stipulated 12-month transition period.

Bismuth’s proposal included review mechanisms, financial sanctions, and possible adjustments, but did not establish an equivalent automatic mechanism terminating the entire exemption arrangement.

The differences are also evident in the recruitment targets themselves.

Liberman’s framework established a target of 3,996 recruits in 2018, gradually increasing to 4,967 in 2021 and 6,208 in 2025.

One version of Bismuth’s framework set a target of 8,160 recruits over 18 months, averaging about 5,440 per year.

Under that version, up to 10% of the recruitment target could be met by individuals performing civilian service in security-related fields.

At first glance, Bismuth’s initial target appears higher than the target Liberman established for 2018. However, Bismuth’s annual average was lower than the target Liberman’s proposal established for 2025.

The figures do not represent identical periods or legislative arrangements operating under equivalent timetables.

Several versions of the recruitment targets were presented during the advancement of Bismuth’s framework. Each figure must therefore be examined in light of the specific legislative version and period it refers to.

Another significant difference concerns how recruits are counted.

Liberman’s framework established targets for national and civilian service separately from military enlistment targets.

Under one version of Bismuth’s proposal, civilian service in security-related fields could count toward the overall recruitment quota, up to 10% of the target.

Consequently, meeting the overall quota would not necessarily indicate that an equivalent number of new soldiers had joined the IDF.

The identity of those included in the recruitment figures has also sparked controversy.

One criticism of Bismuth’s framework concerned the possibility of counting young men who had already left the haredi community.

If a young man raised in the ultra-Orthodox community but no longer studying at a yeshiva is counted as a haredi recruit, meeting the recruitment target does not necessarily demonstrate increased enlistment among students attending active yeshivas.

Beyond these legal and numerical differences lies a fundamental change in Israel’s security requirements.

Liberman’s proposal was developed in 2018, five years before the October 7 attacks and the war that followed.

Since then, the haredi population has grown, while the IDF’s manpower requirements have increased significantly.

The Bank of Israel and other professional bodies have warned that the recruitment targets under discussion do not guarantee an increase in the number of soldiers sufficient to meet the military’s needs.

A framework that might have been considered a reasonable basis for regulating haredi conscription before the war does not necessarily provide an adequate response to current requirements.

This also explains why Liberman himself acknowledged that his original proposal would need to be updated.

The central questions are which changes he will demand and whether the haredi parties will be prepared to accept them.

At this stage, Liberman has not presented an updated version of the bill or specified which provisions of his original framework he considers nonnegotiable.

The distinction between the two proposals also illustrates the political complexity of reaching an agreement.

In 2018, the haredi parties opposed Liberman’s legislation because they regarded its recruitment targets, budgetary sanctions, and mechanism allowing the exemption arrangement to expire as threats to the yeshiva world.

With proposals that include personal sanctions now under consideration, Liberman’s earlier framework could appear to those parties to offer a more comfortable starting point for negotiations.

Nevertheless, his original proposal was not without costs for the haredi parties, and some ultra-Orthodox factions continue to oppose recruitment targets and sanctions.

There is therefore no basis for a sweeping conclusion that Bismuth’s framework is more stringent than Liberman’s, or vice versa.

Bismuth’s proposal is stricter on personal sanctions, while Liberman’s includes a tougher mechanism for addressing systematic failures to meet recruitment targets.

Differences in the exemption age, the number of recruits, and how they are counted further complicate the comparison.

From the perspective of the IDF’s current manpower needs, neither proposal, as originally formulated, independently guarantees a sufficient increase in the number of soldiers.

Could Liberman’s 2018 proposal help Eisenkot form a government?

The renewed attention surrounding Liberman’s proposal comes as Eisenkot faces the challenge of forming a coalition involving parties with sharply conflicting positions on military conscription.

If he receives the presidential mandate, Eisenkot is expected to lead coalition negotiations and will be responsible for reaching agreements with the haredi parties and other potential coalition partners.

Liberman has indicated that he is prepared to consider compromises based on previously proposed frameworks, including the legislation he advanced as defense minister in 2018.

He also referred to the Shkedi Report and the military conscription legislation promoted by the most recent coalition.

“In 2018, I submitted a draft law formulated by the IDF and the defense establishment,” Liberman wrote.

However, he did not demand that the original framework be adopted in its entirety, nor did he claim that Eisenkot intended to use it as the basis for coalition negotiations.

Haredi sources say discussions are already taking place between figures in the ultra-Orthodox parties and people close to Liberman, and that the removal of the veto on political cooperation is mutual.

According to the sources, the haredi parties have a long history of working with the Yisrael Beytenu chairman, and they believe their trust in him could even exceed their trust in Eisenkot.

Nevertheless, the sources expressed doubts about Eisenkot’s ability to bring Shas into a coalition, even if he reaches agreements with United Torah Judaism (UTJ).

UTJ has faced its own dilemma over coalition negotiations and the draft law, with the party declining to clarify whether its demand for conscription legislation would also apply to a potential Eisenkot-led government.

“It is no coincidence that Deri recommended Netanyahu,” the haredi sources said.

Without Shas, the Zionist change bloc and UTJ would hold only 55 Knesset seats.

The difficulty helps explain why Liberman is presenting compromise with the haredi parties as a political necessity rather than an ideological shift.

For the Yisrael Beytenu chairman, the alternative, a minority government dependent on Arab parties, remains unacceptable.

He reiterated that he would not support a government dependent on Ra’am or the Joint List, even if that position complicated efforts to replace Prime Minister Benjamin Netanyahu.

“Those who attack me for my attempts to reach understandings with the haredi parties are among the same people who prefer to establish a government dependent on Ra’am and the Joint List,” he argued.

Liberman accused some Arab party lawmakers of identifying with Hamas and made his opposition to such a coalition clear.

“That will not happen. I will not lend a hand to the establishment of such a government, which, in my view, would harm security and return Netanyahu to power,” he said.

He argued that the election results required a reassessment of the available political options.

“In the reality that has emerged, in order to prevent another election and put an end to the Netanyahu era, there is no choice but to make difficult decisions and reach conclusions on issues where flexibility can be shown, and understandings can be reached,” he wrote.

Despite his willingness to negotiate, Liberman insisted that his fundamental position on military conscription had not changed.

“I still believe that the correct model is a draft law for everyone,” he wrote.

“Reaching an understanding does not mean abandoning principles, and dialogue does not mean erasing red lines.”

Sources in haredi political circles believe that the ultra-Orthodox parties and Yisrael Beytenu would vote against a government dependent on Arab parties, although that remains an assessment rather than an official voting decision.

The challenge facing Eisenkot is therefore not simply persuading Liberman and the haredi parties to negotiate, but reconciling the competing demands of potential coalition partners whose positions on conscription and Arab party participation remain far apart.

Liberman also rejected allegations that his change of position was motivated by personal aspirations to become prime minister.

“I am not acting out of personal ambition to become prime minister at any cost,” he wrote.

“I have always emphasized that, as far as I am concerned, it is an option, not an obsession.”

He recalled that since 2019, he had received numerous offers from the opposing political camp, according to his account, and denied engaging in political maneuvers or attempting to undermine another candidate.

Liberman also emphasized his commitment to those serving in the military.

He noted that during his tenure as finance minister, the salaries of conscripted soldiers were raised by 50%, and the Mimadim LeLimudim (“From Uniforms to Studies”) program was included in the state budget.

He said that even under a future compromise, he would not abandon efforts to expand benefits and improve conditions for reservists and career military personnel.

The focus will now shift to Eisenkot, who must determine whether coalition agreements can be reached between the haredi parties and potential Zionist partners demanding substantial military enlistment and a more equal sharing of the defense burden.

The wording of any proposed legislation remains unknown, as does whether agreements can be reached with the haredi parties and whether other potential coalition partners would accept them.

For Liberman, the 2018 framework represents a possible reference point for negotiations, not a completed coalition agreement.

Lifting the veto makes dialogue possible, but it does not guarantee that the dispute over military conscription will be resolved.

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US Central Command (CENTCOM) is focused on preventing Iran from acquiring advanced weapons and other materials. One of the new initiatives is to focus on the Caspian Sea as one of the routes that Iran has used during the war. This is not the first time the Caspian Sea has been in the spotlight.

The Caspian Sea has emerged as an increasingly important strategic corridor linking Iran and Russia, providing a route for commercial trade, military equipment, and sanctioned goods. The establishment of CENTCOM’s Task Force Iron Gate on November 7, aimed at restricting Iranian weapons transfers across land borders and the Caspian Sea, spotlights the growing importance of this inland waterway.

Russia has used the Caspian in the past to carry out airstrikes in Syria and Ukraine. As such, this area is already known to be militarily important to Russia. Iran has also invested in the Caspian in various ways. It maintained a naval presence there and expanded infrastructure along the coast, hoping to knit the coastline into a north-south trade corridor with Azerbaijan, Russia and Central Asia.

The Caspian is the world’s largest enclosed inland body of water. Five countries border it: Russia, Iran, Azerbaijan, Kazakhstan and Turkmenistan. During the Soviet era, Iran and the Soviet Union were the only two major states on the sea. Following the Soviet collapse in 1991, newly independent countries emerged along its shores, transforming the region’s landscape.

Historical trade across the sea dates back centuries, including commercial links between northern Iran and Russian ports. In modern times, the Caspian has become part of the International North-South Transport Corridor, a network connecting Russia to Iran and onward to Pakistan and India by rail, road, and maritime shipping. Iran was investing in this before the war began in February. Iran sought to shift its trade to China and Central Asia as it was cut off from the West.

A man stands near a boat moored along a beach on the Caspian Sea coast in Sorkhrud in Iran's northern Mazandaran province on March 24, 2026; Illustrative. (credit: ATTA KENARE / AFP via Getty Images)

Russian, Iranian ports handle agricultural trade, industrial goods, other cargo

Russia’s key Caspian ports include Astrakhan and Makhachkala, while Iran operates ports such as Bandar Anzali and Amirabad. These sites handle agricultural trade, such as grain, as well as the transport of industrial goods and other cargo.

The Caspian route became more important after Russia’s invasion of Ukraine in February 2022, when Western sanctions increased pressure on both Moscow and Tehran. Unlike the Persian Gulf, the Caspian is not directly accessible to Western navies.

The sea is important for Moscow’s military moves. Russia launched strikes in Syria from the Caspian in 2015. In November 2024, the spokesman of the Ukrainian Navy, Dmytro Pletenchuk, said, “There are also missile carriers in the Caspian Sea that can launch Kalibr missiles, but the Russians more often use the Caspian Sea to launch strikes from the air.

They enter this water area specifically, and from there they have launch lines in order to fire at Ukraine. They are doing this most likely to prevent casualties among their own civilian population in the event of an accidental dropping of old missiles.”

In August 2025, a website named militarnyi.com noted that “Ukrainian forces have struck a Russian vessel in the Caspian Sea that was transporting military cargo from Iran, marking the first confirmed loss of its kind. The cargo ship Port Olya-4 was hit in an airstrike by Ukraine’s Special Operations Forces.” In December 2025, more strikes may have happened. In September 2026, a report claimed that Ukraine may have targeted the Russian warship Tatarstan.

After the US and Israeli strikes on Iran, the Caspian was in the crosshairs. For instance, Radio Free Europe noted in April that “while the inland waterway has served as a sanctuary for Iranian drones bound for the battlefields of Ukraine in Moscow’s ongoing full-scale invasion, Israel recently launched air strikes on Bandar Anzali, an Iranian naval outpost on the Caspian.

Growing media reports based on intelligence say the corridor is now being used to transfer Russian-produced weaponry back to the Middle East, bringing Israeli air strikes closer to Moscow’s backyard.” This may have hampered Russian arms shipments.

Iran’s supply of weapons to Russia brought new attention to Caspian shipping. According to an April 2023 Wall Street Journal report, Iran shipped more than 300,000 artillery shells and one million rounds of ammunition to Russia across the Caspian in 2023. Iran also supplied Shahed drones and technology that helped Russia establish domestic drone production. Now that Iran is under blockade via the Gulf, Tehran may need shipments from Russia.

The military relationship has also developed in the opposite direction. In May 2026, US officials told The New York Times that Russia was sending drone components to Iran through the Caspian, potentially helping Tehran replenish military capabilities following American and Israeli strikes. The report called the sea a “long-overlooked” trade corridor.

Iranian naval facilities in Caspian Sea struck in March 2026

The Caspian itself became a witness to the war in March 2026, when airstrikes hit Iranian naval facilities at Bandar Anzali. The March 18 strikes appear to have destroyed an Iranian Navy corvette, missile boats, and several auxiliary vessels. On July 25, President Volodymyr Zelensky said Ukrainian forces had struck vessels involved in military cargo shipments connected to Iran, as well as a Russian warship. Ukraine dismissed Iranian threats of retaliation at the time.

Commercial shipping has continued despite the attacks. According to Lloyd’s List Intelligence, the number of active Iranian- and Russian-flagged vessels in the Caspian increased 21% year on year in August 2026, while general cargo capacity on the bilateral corridor rose 36%. The Caspian route faces limitations, including shallow waterways, restricted port capacity, and other challenges.

For the US, the challenge now is distinguishing civilian commerce from military shipments and sanctions evasion. Task Force Iron Gate indicates that the US increasingly views the Caspian as part of Iran’s wider military and economic supply network. The sea, once a commercial link between Russia and Iran, has become a strategic corridor linking two major conflicts.

How the US will implement its new policy in the Caspian remains unclear. The statement is certainly a warning to Iran and Russia. However, the US administration has sought to improve ties with Moscow. This means that the US would be wary of harming Russian shipping. In addition, countries on the Caspian may be wary of seeing the war spread to the sea. 

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The U.S. is the world’s largest healthcare spender, pouring roughly 17% of its GDP—or $5.6 trillion—into treatments and care. Yet, according to Li Zhong, the APAC president of the Walgreens Boots Alliance (WBA), while Americans generally have a long lifespan, they have a shorter healthspan than their counterparts in Vietnam, despite the latter devoting just 4.6% of its GDP to health spending.

“Everyone loves to reference the U.S., since it has been able to come up with the most advanced therapies to extend life,” Li said at Fortune’s Southeast Asia 500 Summit in Vietnam’s Ho Chi Minh City on Nov. 3. “It saves your life, but it’s not very healthy. That’s not what I would suggest for Southeast Asia.”

Li’s comments come as Southeast Asia builds out its systems of care amid rising healthcare costs and a shortage of specialist doctors. “Every country is different and has to find its own route,” he explained. “What’s not right is to automatically reference the U.S. model.”

Many Southeast Asian countries, like Thailand, Malaysia, Singapore and Indonesia, are also rapidly greying. And with that demographic trend comes a rise in chronic disease incidence.

“The scarcity of specialists is becoming a burden,” admits David Utama, the president director of Indonesia’s largest private hospital chain, Siloam Hospitals. “In Indonesia, the ratio of specialists is about 0.2 per 1,000 people. Neighboring Malaysia and Thailand are about 0.5, while Singapore sits at 1.2 [specialists per 1,000 people].”

More patient-centric

To serve patient needs, Asia’s healthcare operators are increasingly looking to community-based care. Singapore and Malaysia-headquartered IHH Healthcare, for instance, operates over fifty primary care clinics under their Parkway Shenton network, while offering ambulatory care, diagnostic and rehabilitative care facilities within residential neighborhoods. 

Siloam Hospitals, too, is building more community health facilities in Indonesia. “We have about 41 hospitals across Indonesia, but we’re now building an ecosystem of primary care clinics.” (The firm’s website shows that it currently has 25 clinics, spread across the cities of Palembang, Jakarta, Bali and Surabaya.)

Pharmacies can also play a larger role, Li argued. He points to the UK’s NHS Pharmacy First scheme, which allows patients in England to walk into participating Boots pharmacies for clinical assessments and treatment for seven common conditions, without needing a GP appointment.

“It’s more cost-efficient to utilize community healthcare centers and pharmacies to help with everyday healthcare,” Li explained. “But that’s on the condition that we have to get our [pharmacists] well-trained.”

Ultimately, both experts agreed that public-private partnerships and emerging technology like AI are countries’ best bets at enabling affordable, high-quality healthcare for its populace.

“Patient-centric healthcare requires a collaboration between governments and the private sector,” said Utama. “Who has access, who has scale, [it’s] obviously the government… but the private sector helps to build capability, innovation and speed.”

Since late-2025, Utama and Siloam Hospitals have also been investing in enterprise AI. He says the team will finish building the foundational layer of its AI platform by this year, and is now looking to build digital twins for its patients, doctors and hospitals.

“For us to leapfrog, we need to adopt technology,” Utama concluded. “Today, in our ICUs, because of the data analysis we do, we can predict 30 minutes before a patient drops. Previously, we could only react 30 minutes after a patient dropped.”

This story was originally featured on Fortune.com

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An iPhone 16 Plus in teal, illustrative image

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メイド理世 / Wikimedia Commons / CC BY-SA 4.0

Apple opened a Siri AI Developer Preview to all developers on November 3, allowing apps to expose content and custom actions through App Intents, according to Apple’s developer announcement.

The preview is included in the iOS 27.3, iPadOS 27.3, macOS 27.3 and visionOS 27.3 betas. Developers can build actions such as checking a delivery, booking a reservation or placing an order. Apple also introduced skills that combine several app actions into one experience.

Apple said the preview gives developers early access before the capabilities ship to customers in a few months, with App Store submissions opening in the spring. Availability requires an Apple Intelligence-enabled device and a supported language; some features vary by region and language.

JBizNews Desk | Cupertino, California

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Jamie Dimon, one of the banking industry’s longest-serving CEOs, has thoughts on why some CEOs rise to the occasion while others flounder—and it has little to do with how much they know about business.

Dimon, who has served as CEO of JPMorgan Chase, the largest U.S. bank by market cap, for more than 20 years, said on the Master Investor Podcast earlier this year, that more than anything, insecurity is one of the biggest threats to a CEO’s career and their company’s success.

As Dimon puts it, when executives climb the corporate ladder, they often go from being an expert overseeing one area of the business they know well to a generalist responsible for other areas of the company they know less well. 

“The bigger job you get, the less you know—literally—about the job,” he told the podcast’s host, Wilfred Frost.

Some CEOs handle that transition well, he said. They seek out people with expertise in areas they lack and don’t get embarrassed when they don’t know something.

But for others, this change is a recipe for insecurity. 

“It becomes PowerPoints, you know, make them look good, don’t tell them the bad news. And that is what causes the problem,” he said.

Dimon said this type of insecurity, more than arrogance, speaks to a deeper weakness in leadership that causes other issues. A CEO needs to be able to absorb criticism and turn it into a plan for improvement, especially when it comes to customer complaints, he said. 

“You’re not going to hurt my feelings by telling me we have a crappy product,” he said. “If you’re right, I’m gonna thank you for letting me know.” 

In fact, Dimon said in an October interview with the Wall Street Journal executives should take a note from the leadership style of Ted Lasso, the relentlessly positive protagonist of the Apple TV series of the same name. Lasso, he said strikes a great balance between two leadership traits he said are needed in upper management, both a drive to win as well as empathy and humility.

“I love Ted Lasso,” Dimon said. “He comes in and he doesn’t know anything about football, and he’s just gracious. He’s working with people—their insecurities, their bad behavior, their work ethic—and he’s getting them to function as a team.”

Dimon’s record gives his leadership advice added weight. During his tenure, he has turned JPMorgan into a $894 billion banking giant. His “fortress balance sheet” strategy, which emphasizes high liquidity and conservative risk management, was key to helping the bank survive the 2008 recession. Dimon has also helped grow the bank over the past two decades by acquiring competitors in turmoil, such as Bear Stearns in 2008 and, more recently, First Republic Bank in 2023. 

His latest comments on insecurity are also consistent with his previous warnings that “bureaucracy, complacency, and arrogance,” can take down otherwise successful companies. 

In April, Dimon said the best way to tackle these problems is to “get rid of the jerks,” or bureaucratic managers who care more about the process than the outcome. Holding back information, as might happen with an insecure CEO, breeds “rope-a-dope politics,” a reference to Muhammad Ali’s evasive defense strategy, which he has also said creates unnecessary debate and hinders results.

Dimon’s philosophy aligns with that of other successful current and former CEOs. Microsoft CEO Satya Nadella previously told Fortune he encouraged his employees to maintain a growth mindset rather than be content and complacent.

Nadella also tried to shift the company from a “know-it-all” culture to a “learn-it-all” culture where employees are encouraged to approach problems with curiosity. Ray Dalio, the founder and former CEO of Bridgwater Associates, also pushed for “radical transparency” during his tenure, encouraging employees to challenge one another openly and confront mistakes without defensiveness.

The JPMorgan CEO, who also serves as chairman of the board, practices what he preaches. For the past 20 years, he has stepped out of every board meeting to give board members time to discuss without the pressure of his “forceful” personality, he said. He has previously said leaders like himself must earn the trust of their employees every day. Part of doing that, he argued, is being willing to admit mistakes without taking criticism personally.

“I’m not trying to do the thing that I want to do, I want to do the right thing for the company,” he said Monday.

A version of this story was published on Fortune.com on July 21, 2026.

This story was originally featured on Fortune.com

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The exact number of years of saving it would take for the average worker to claw out of the middle-class bracket has been revealed—and it’s nearly half a century.

Sobering research released in October 2025 from the think tank Resolution Foundation shows that for aspirational Brits looking to move up the wealth ladder, the average worker would need to save their earnings for 52 years to raise £1.3 million ($1.7 million). That’s the amount needed to move from the middle and become as wealthy as the richest 10%.

And it gets worse: That’s with zero bills being paid.

“Wealth gaps in Britain are now so large that a typical full-time employee saving all their earnings across their entire working life would still not be able to reach the top of the wealth ladder,” wrote Molly Broome, formerly a senior economist at the Resolution Foundation and the lead author of the report.

And for those who happen to be born in the working class, the odds are increasingly stacked against them. 

“Wealth mobility in Britain is low. People that start life wealthy tend to stay wealthy, and vice versa,” Broome added.

As the saying goes, money makes money. The report revealed the key driver of widening inequality is the “passive” gains. Essentially, those who bought property and invested their money have seen their wealth balloon since 2010.

Workers in the U.S. would need to save for 70 years to unlock the American Dream 

As inflation squeezes workers in a cost-of-living vise, paired with a job crisis, and AI threatening to make it even worse, the salary it takes to be considered rich keeps climbing further out of reach. And the issue is transatlantic.

Even in the U.S., workers say they’d need at least $2.3 million to feel rich. Meanwhile, separate research highlights they’d need a staggering $4.4 million to achieve the American Dream—the house in the suburbs, two children, an annual vacation, and a new car in the driveway. Achieving those milestones would cost over $1 million more than most Americans will make in their lifetime, according to an Investopedia calculation.

With median weekly earnings of full-time workers averaging $1,232, according to the Bureau of Labor Statistics, it would take over 35 years of full-time work to feel rich with $2.3 million in the bank. That’s before a single bill is paid, and still $2.1 million short of affording the American Dream.

It would take the average American worker nearly 70 years without a single expense being paid to reach that $4.4 million benchmark—far longer than most people will work in a lifetime. And that’s without even considering inflation, any unexpected financial shocks, or automation’s impact on the future of work.

A version of this story originally published on Fortune.com on December 23, 2025.

Read more about success from Fortune’s Orianna Rosa Royle:

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An NBC News national exit poll put the Democratic share of the Jewish vote for the US House at 68%. A week earlier, Benjamin Netanyahu’s Likud emerged from Israel’s election as the largest party, with 27 of the Knesset’s 120 seats.

American Jews were voting on American concerns. Israelis brought their own fears and priorities to the ballot box. For years, I have told American Jewish leaders that they have neglected the Israeli Right. I have spent just as long trying to persuade Israelis to understand the communities abroad whose loyalty we so readily expect.

Democrats have won both houses of Congress. President Isaac Herzog has chosen Yashar’s Gadi Eisenkot to try to form Israel’s next government. We need relationships that can survive changes of government, disagreements over Israel and the discovery that our fellow Jews voted for someone we dislike.

A movement making responsibility for Diaspora a sustained force in Israeli politics

Ahead of the Jewish Federations’ General Assembly in Washington, I want to propose a three-year experiment: an Israeli citizens’ movement that makes responsibility for the Jewish world a sustained force in Israeli politics.

Call it a reverse AIPAC.

A VISITOR holds an AIPAC folder in an elevator in Rayburn House Office Building on March 12, 2024 on Capitol Hill in Washington, DC.  (credit: Alex Wong/Getty Images)

AIPAC organizes American support for Israel. This movement would organize Israelis to advocate to their own politicians about the concerns of Jews abroad. Israelis would join, pay dues, elect the leadership, and choose campaigns. A Jewish community facing the consequences of an Israeli decision would have people here prepared to take up its concerns.

Recently, I met an Israeli researcher who had organized a US delegation for prominent right-wing journalists, broadcasters and influencers, including outspoken Netanyahu supporters. I knew some of the names. Several had been harsh toward American Jewry.

The delegation was private; the names will remain private. The organizer is firmly on the Right. She explained that many participants would have refused an invitation from an organization they regarded as progressive. They trusted her.

She told me they returned with a more complicated understanding of American Jewish life. She is raising money for another cohort, and I offered to volunteer. I have been asking organizations to arrange encounters like these for years.

Consider whom those invitations reach. A room full of people already committed to this relationship can produce an encouraging photograph and leave the harder work untouched.

I know how marginal that work can feel. When I covered the Diaspora in Hebrew, I warned leaders that I would eventually have to move on because I saw no professional future on the beat. One major outlet offered an apparently brighter prospect: “Start with the Diaspora; eventually you’ll be a political reporter.” Covering Jews abroad was something an ambitious journalist could hope to recover from.

Our ignorance has consequences. A minister’s reckless statement can leave a rabbi, a student or a pastor abroad answering for it. Evangelicals, Republicans and pro-Israel Democrats deserve a partner who considers the difficulties he creates for them. Better advocacy requires reliable information and responsible Israeli conduct.

On Friday, CUFI Action Fund, the political arm of Christians United for Israel, challenged US Vice President JD Vance’s claim that the Iran war and the US-Israel relationship helped cause Republican losses. Our evangelical allies are defending this partnership inside their own political camp.

Jewish communities also deserve our interest in their own lives, including when they disagree with us. Israeli sovereignty gives us power whose consequences extend beyond our electorate. Listening to those affected belongs among the responsibilities of exercising it.

Gary Torgow, now JFNA’s chairman, urged Israel in 2021 to “invest time, effort and money to reengage the Diaspora community.” JFNA President and CEO Eric Fingerhut had put it more personally in 2020: “We love Israel, we love all the people of Israel – love us back.” This movement would give Israelis a way to answer them.

Run the pilot from 2027 through 2029. Aim for 10,000 Israeli members by the end of its third year. At full dues of NIS 30 a month, that membership would generate NIS 3.6 million annually for professional advocacy. Reduced dues should keep membership accessible. Start with a volunteer organizing committee; hire lobbyists as recurring Israeli dues cover the salaries.

Lobby 99 offers experience in recurring member funding and member-chosen priorities. Its socioeconomic remit excludes the political and religious disputes this movement would confront. Dan Lahav, a former deputy director-general of Israel’s Prime Minister’s Office who oversaw Diaspora affairs, has already argued for an effective Diaspora lobby in Israel.

Give every Israeli member one vote. Publish the accounts, cap individual contributions and limit leadership terms. Philanthropists could separately finance encounters, education, independent journalism and evaluation. Contributions should buy no additional votes or leadership seats.

A rotating Diaspora council, spanning countries, religious streams, generations and people outside established organizations, should have the right to propose campaigns, receive answers and publish disagreement. Israeli members would elect the movement’s leadership. Participation would confer no vote in Israel’s elections.

Begin with specific work: consultation before changing rules affecting Jewish visitors and communities; dependable access to prayer at the Western Wall; and hearings about the consequences abroad of Israeli decisions. Local Jewish communities should be heard before ministers embrace foreign political movements whose histories those communities know. Members could meet their own parties’ representatives, organize Knesset hearings and publish an annual record of commitments kept and broken. A politician should encounter this concern at a local party meeting as well as on a visit to New York.

Encounters and journalism would help members understand Jewish communities abroad. Expand trusted encounters like the researcher’s delegation. Give Israeli journalists fellowships to cover Jewish life regularly, with editors committing to publication. Test the monthly bilingual review I have proposed: the same reporting and arguments, in the same order and framing, in Hebrew and English, with readers responding to one another.

Birthright, Masa Israel Journey, the Z3 Project, the Jewish Agency’s Partnership2Gether, Gesher, the Ruderman Family Foundation and President Isaac Herzog’s Voice of the People already offer experience and relationships. The pilot should work with them and explain what it adds.

Research should begin when the pilot launches. Independent researchers should establish a baseline, follow participants and comparable nonparticipants, and repeat surveys annually. Measure knowledge of Jewish communities, sustained personal contact, and willingness to engage across disagreement. Publish membership renewals, the range of people joining, official responses, and completed policy changes alongside those findings.

An independent review of movement’s effectiveness after three years

Agree on the measures before launch and publish disappointing results too. After three years, an independent review should recommend expansion, revision or closure. Funders should know when an experiment fails.

The movement could easily become another gathering of Israelis who already agree. Its founders would have to recruit across political and religious divisions and keep members involved when campaigns challenged their own loyalties. Israelis exhausted by war and reserve duty would need room to explain their lives as fully as the Jews they were meeting.

I want the people leaving the GA to have something concrete to help establish, and Israelis to assume responsibility for keeping it alive.

When a politician next speaks recklessly about Jews abroad, I want an Israeli who voted for him to object.

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Malicious actors are carrying out a “well-orchestrated and well-funded” disinformation campaign relating to Israel’s activities in Mexico, Israeli Ambassador to Mexico Yoed Magen claimed during a press conference on Friday.

The veteran diplomat convened the gathering to address what he referred to as “an alarming campaign of hatred and incitement against Israel on social media” in recent weeks.

The campaign, he continued, involves “blatant lies” and “false claims,” specifically conspiracy theories related to Israel’s relationship with Mexico.

“It is clear that the campaign is well orchestrated and well funded,” he told the press on Friday. “It includes ridiculous accusations bordering on delusion, such as claims that Israel is stealing Mexico’s water or wants to control it, or that former Israeli soldiers are infiltrating Chiapas or that Israel seeks to colonize Mexico, among other things.”

“These lies distort reality and create a false perception of Israel,” he stressed.

Yotam Mexico team, June 12, 2026. (credit: Screenshot/Facebook/Heroes for Life)

Magen: Campaign exploited to ‘promote hatred, delegitimize Israel’

Magen also alleged that the campaign is being exploited by various actors, both in Mexico and abroad, “including Palestinians,” to “promote hatred, delegitimize Israel, and damage its good relations with Mexico.”

Magen then specifically addressed the accusation that Israel is seeking to take control of Mexican water.

He told the press that Israel is a “world leader” in water management, having become self-sufficient in water more than 25 years ago, allowing it to supply water even to its neighbors, including Jordan and the Palestinians.

“Since our independence, we have invested heavily in research and the development of irrigation solutions, water technologies, and precision agriculture,” Magen said, before listing some of Israel’s water-related achievements, such as collecting and treating 94% of wastewater and reusing 87% of it.

Over the years, he continued, Israeli experts and companies have gained extremely valuable experience and knowledge and want to share it with other countries, not just Mexico.

For this reason, Magen said Israel is invited to different Mexican states to understand their challenges and share best practices and solutions.

This includes, for example, a recent trip by Israeli representatives to the Agro Expo in Yucatán.

Magen also rejected allegations that Israel was seeking control over water resources in the northern Mexican state of Chihuahua.

The accusations emerged three years ago following a 2023 cooperation agreement between the state government and Israel’s international development agency, MASHAV, which activists have criticized over concerns about foreign involvement in water infrastructure.

Magen said the agreement’s purpose was to draw on Israeli expertise to address the state’s water challenges, but the operational component of the agreement was never signed and never implemented.

The agreement has been hotly protested by locals in recent months, including a larger protest at the start of August where Chihuahuans marched with signs reading ‘Water is for Mexicans, not for Zionists.’

Regarding accusations of Israeli soldiers infiltrating Chiapas, Magen said thousands of Israelis travel to South America and Central America for their ‘big trip’ after finishing the army. Some, he added, put the “Israeli spirit of volunteerism into practice” by volunteering in schools and communities or helping provide humanitarian assistance.

“It is important to clarify that these young people volunteer in many Latin American countries and, in fact, throughout the world. They always coordinate their activities with local authorities,” he said.

Magen concluded by expressing hope that his explanations “will clear up any misunderstandings that may have been deliberately caused by this campaign, this campaign of hatred against Israel, a campaign that seeks to damage relations between our two peoples.”

In recent weeks, claims have circulated on social media that Israeli soldiers were authorized to enter an indigenous school in Chiapas, a southern Mexican state known for having one of the nation’s largest indigenous populations.

The controversy largely emerged due to pro-Palestinian solidarity groups, which called for an investigation into the presence of Israelis at schools in Zinacantán, San Cristóbal de Las Casas, and Chamula.

According to testimonies and photographs circulated online, approximately 25 individuals identified by those making the allegations as IDF members appeared alongside Tsotsil children during school activities.

The visitors seem to have been coordinated by the Israeli nonprofit organization Heroes for Life, known in Spanish as Héroes por la Vida, which organizes short-term (usually two-week) humanitarian volunteer trips for Israeli backpackers and recently discharged IDF soldiers traveling abroad.

Heroes for Life volunteers helped renovate, paint schools, taught classes

The individuals reportedly helped renovate and paint schools and taught English, science, and music classes.

On November 3, the Chiapas Education Department denied authorizing current or former members of the Israel Defense Forces (IDF) to enter public schools in indigenous communities in the Los Altos region.

The department’s head, Roger Adrián Mandujano Ayala, told the press he was aware of members of a foreign organization participating in activities at a school, although he said their entry appeared to have been arranged directly with parents.

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A Tel Aviv man with 14 previous convictions has been charged with breaking into a yeshiva on Rothschild Boulevard and stealing approximately 10 pairs of tefillin, a charity box, and other valuables, according to an indictment filed over the weekend.

The suspect, Roy Cohen, a Tel Aviv resident in his 40s who has previously served lengthy prison sentences, told investigators that he did not recognize himself in surveillance footage presented to him. He also claimed to be homeless.

According to the indictment, Cohen arrived at the yeshiva at approximately 9:30 p.m. on October 29, forced open the entrance door, and entered the building.

He allegedly stole approximately 10 pairs of tefillin, each valued at NIS 2,500, bringing their total estimated value to NIS 25,000.

Other items reported stolen included a cellphone worth approximately NIS 2,000, a watch, cash, and a charity box containing money.

Ultra-Orthodox Jewish men from the Vizhnitz Hasidic dynasty study Torah outside the Justice Ministry in Jerusalem during a silent protest against the imprisonment of yeshiva students who failed to comply with military recruitment orders, July 1, 2026; Illustrative. (credit: CHAIM GOLDBERG/FLASH90)

Police identify suspect following investigation

Officers from the Lev Tel Aviv Police Station in the Yarkon District launched an investigation following the break-in and were able to identify Cohen as a suspect.

Cohen was arrested on November 3 and taken in for questioning. During his interrogation, he claimed that he did not recognize himself in the footage shown to him and told investigators that he was homeless.

He was taken into custody following the interrogation.

Police said Cohen has a criminal record that includes 14 previous convictions, for which he has served lengthy prison sentences over the years.

Following the investigation, the Tel Aviv District Prosecution Unit filed an indictment charging Cohen with breaking into a nonresidential building and theft.

Prosecutors also requested that the court order Cohen to remain in custody until the conclusion of legal proceedings against him.

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Reusable shopping trolleys, illustrating household spending

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Martin Burns / Wikimedia Commons / CC BY 2.0

Household budgets remain the economic test for President Donald Trump and the incoming Democratic congressional majority after voters demanded relief from rising living costs. Their choices on spending, taxes and investment will also shape the outlook for borrowing costs and retirement income.

An economic outlook reported Sunday, available in full through a syndicated account, identifies three connected pressures: persistent inflation, a large federal deficit and growth increasingly tied to artificial intelligence investment. Social Security adds a longer-term deadline for lawmakers.

Affordability starts with prices and interest

The report puts annual consumer-price inflation at 3.7%, above the Federal Reserve’s 2% target. For families, the question is how policymakers can reduce that pressure while keeping the economy growing.

Douglas Holtz-Eakin, president of the American Action Forum, told the report that divided government could give the Fed more room to pursue lower inflation. Stanford economist John Cochrane argued that monetary restraint needs to be accompanied by fiscal restraint.

Relief competes with the cost of debt

The annual federal deficit is roughly $2 trillion, while interest on government debt exceeds $1 trillion a year, according to the report. Treasury Secretary Scott Bessent and White House budget director Russell Vought have been preparing a deficit-reduction plan.

Marc Goldwein of the Committee for a Responsible Federal Budget said reducing the deficit would likely involve tax increases, spending cuts or both. He pointed to lowering health care costs, including Medicare expenses, as a way to save money for patients and the government. That puts the debate close to household budgets: how to deliver relief without adding to financing costs.

AI is a source of growth and a point of exposure

Harvard economist Jason Furman’s Econvitals analysis found that data-center construction rose 80.6% over the past year while construction spending on homes, schools, factories and offices fell, the report said.

Furman warned that an economy leaning on one source of strength also has a vulnerability. The report describes a risk that slower AI investment and weaker stock prices could reduce consumer spending and growth. For readers, that connects the data-center debate to jobs, savings and spending well beyond the technology industry.

The retirement deadline

Social Security is projected to be unable to pay full benefits at the end of 2032, according to the report. Possible responses include changing the payroll-tax cap or the retirement age, but the choices remain matters for legislation.

The report says Senators Elizabeth Warren and Bernie Moreno have been working on a proposal involving the payroll-tax cap. Any eventual changes would matter to both people receiving benefits and workers paying into the system.

JBizNews Desk | Washington

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CM Composite Materials, an Israeli supplier to major defense and aviation companies, has asked a court for protection from creditors and a temporary trustee to oversee its rehabilitation, reporting about NIS 26 million in debts and a further $8 million owed to an American investor.

The Modi’in-based manufacturer employs about 105 people and supplies companies including Israel Aerospace Industries, Rafael, Elbit and Boeing, according to a Sunday report on its filing. Its products include structural components, assemblies, production molds and airframe parts for unmanned aircraft.

A cash shortage despite orders

In the reported request, CM says a shortage of working capital is preventing it from buying raw materials and generating enough new revenue. It reports an order backlog of NIS 54 million and says customers remain committed to it, according to a separate account of the application.

The company attributes its difficulties to falling orders and raw-material shortages during the pandemic, increased management and administrative expenses, and the costs of moving to Modi’in in 2023. These are the company’s explanations in the reported filing.

Seeking room to rehabilitate

CM is seeking a stay of proceedings and the appointment of a temporary trustee as part of its request to begin rehabilitation. It argues that court protection would allow new funding to support day-to-day operations rather than be seized by creditors.

The reported application says CM holds defense and aviation manufacturing approvals and is classified as an essential enterprise. The company points to the expertise and certifications it has built over nearly two decades as the basis for its rehabilitation prospects.

For its workforce and creditors, the immediate issue is financing ongoing operations. The company says it cannot currently pay employee salaries and has asked for the process to move quickly.

JBizNews Desk | Modi’in, Israel

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Haim Zach / GPO / CC BY-SA 3.0

President Isaac Herzog conferred the mandate to form Israel’s next government on Yashar party chairman Gadi Eisenkot at the President’s Residence in Jerusalem on Sunday, a live report from the ceremony said, starting the 28-day period for him to assemble a coalition.

Eisenkot can ask Herzog for an extension of up to 14 additional days under Article 8 of Basic Law: The Government. The mandate opens the formal coalition-building period following Herzog’s Saturday announcement of his choice.

During Herzog’s consultations with party delegations on Wednesday and Thursday, Eisenkot received 67 recommendations for the premiership, a majority in the 120-member Knesset, while Netanyahu received 46, according to the Times of Israel. The seven-seat United Torah Judaism party recommended neither candidate. The recommendations are party tallies, not coalition commitments or votes.

“Now is the time for the formation of a national emergency government,” Eisenkot wrote after the announcement, adding, “I will do everything to make us worthy.” Netanyahu, in a video statement, called on the Eisenkot-led bloc to form what he called a “national unity government,” though he said it would have to include all of his allies.

Update: November 8, 2026, 1:50 a.m. EST (8:50 a.m. Israel time). A Sunday report, citing an unnamed senior member of Ra’am, said the eight-seat party would support a government presented by Eisenkot even if a coalition agreement had not been finalized. This is reported prospective support, not an announced coalition deal or a completed Knesset vote.

According to the report, Ra’am wants to avoid leaving Eisenkot’s 48-member bloc dependent on United Torah Judaism. The Joint List would not vote in favor of such a government but would not act to topple it, the report said. Both Arab-led parties reportedly intend to cooperate with Eisenkot’s bloc on replacing the Knesset speaker and setting up committees. No coalition talks are ongoing with the Joint List, according to the same account.

Update: November 8, 2026, 2:02 a.m. EST (9:02 a.m. Israel time). Requests to replace Knesset Speaker Amir Ohana reportedly carry more than 61 signatures, according to a Sunday account. The report said parties in the bloc seeking to replace Netanyahu and the Arab parties had submitted requests. Ohana said that if 61 signatures are submitted, he will allow a vote to elect a replacement within a week. The requests are not a completed vote, and the report does not identify a replacement who has been chosen.

Significant obstacles remain. Hawkish members of Eisenkot’s bloc publicly oppose any reliance on the Arab-led parties, many bloc members campaigned on sending both Netanyahu and the ultra-Orthodox parties into opposition, and Eisenkot has repeatedly said he will not partner with Netanyahu. Yashar said Saturday night that Likud could join an Eisenkot-led coalition “without extremists,” but did not extend that offer to Netanyahu himself.

JBizNews Desk | Jerusalem, Israel

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Iran continues to feel pressure from US sanctions and the blockade in the Gulf. Iran is also confronted by a new campaign by the US to cut it off from supplies going through its land borders and the Caspian Sea. As Tehran feels pressure, the militias it backs in Iraq may lash out. Iran has spread the current war to Iraq and has sought for decades to influence Iraqi politics using militias and political groups.

One of the militias, Kataib Hezbollah, slammed Iraq’s Prime Minister Ali al-Zaidi over the weekend. “The security chief of pro-Iran Kataib Hezbollah on Saturday accused Iraqi Prime Minister Ali al-Zaidi and his top aide of amassing billions of dollars in alleged illicit wealth, while denying that the armed group controls commercial contracts at Iraqi airports and threatening to expose alleged plots targeting the Kurdistan Region’s Khor Mor gas field,” Rudaw media reported.

“How was your massive financial empire built, which Mr. al-Zaidi acknowledged, amounting to nearly [21] trillion dinars – that is, more than [13] billion dollars? And how was this wealth collected in a period of time not exceeding [10] years, so that perhaps hardworking youth may benefit from it in earning their livelihood,” Abu Mujahid al-Assaf, Kataib Hezbollah’s security chief, wrote in a statement published on Telegram.

This illustrates how Kataib Hezbollah is now trying to challenge the Iraqi government and its leader. Kataib Hezbollah, like its counterpart in Lebanon, Hezbollah, is a key part of the Iranian proxy network. Kataib Hezbollah has carried out attacks on US forces in Iraq in the past. It has also attacked Saudi Arabia and killed three American service members in Jordan in January 2024. It also kidnapped researcher Elizabeth Tsurkov. 

Rudaw notes that “Assaf also warned against opening files concerning alleged plots to target the Kurdistan Region’s Khor Mor gas field, saying: ‘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.’”

Fighters lift flags of Iraq and paramilitary groups, including al-Nujaba and Kataib Hezbollah, during a funeral in Baghdad for five militants killed a day earlier in a US strike in northern Iraq, on December 4, 2023. (credit: Ahmad al-Rubaye/AFP via Getty Images)

The Khor Mor field is in the Kurdistan Region between Sulimaniyeh and Kirkuk. It is key to the Kurdistan Region’s energy grid. Kataib Hezbollah may be feeling pressure from Baghdad. Zaidi has demanded that groups like Kataib Hezbollah hand over their arms to the government. There are a dozen similar groups in Iraq, militias of various sizes backed by Iran. These include Badr, Harakat Hezbollah al Nujaba, Harakat Ansar Allah al-Awfiya, Kataib al-Imam Ali and others.

Iran-backed militias in Iraq have played a central role in expanding Tehran’s influence in the country, particularly through their involvement in the Popular Mobilization Forces (PMF). Several of these groups have been designated as Foreign Terrorist Organizations (FTOs) by the United States, reflecting their involvement in attacks and other activities linked to Iran’s Islamic Revolutionary Guard Corps (IRGC).

Kataib Hezbollah was designated an FTO in July 2009. The group has been linked to attacks on US forces in Iraq and the wider region. The US designated Asa’ib Ahl al-Haq, led by Qais al-Khazali, as an FTO in January 2020. Both organizations have maintained close relationships with Iran while also participating in Iraq’s political and security landscape.

Iran backing militias in Iraq to expand influence

In September 2025, the US expanded its FTO designations to include four additional Iraqi militias: Harakat Hezbollah al-Nujaba, led by Akram al-Kaabi; Kataib Sayyid al-Shuhada, associated with Abu Alaa al-Walaei; Harakat Ansar Allah al-Awfiya; and Kataib al-Imam Ali. These organizations had previously been subject to US terrorism-related sanctions.

Other influential Iran-backed factions have not been designated FTOs. These include the Badr Organization, led by Hadi al-Amiri, which has longstanding ties to Iran and significant influence within Iraq’s political and security institutions. Saraya al-Khorasani and Kataib Jund al-Imam are also associated with Iran-aligned militia networks.

The Islamic Resistance in Iraq serves as an umbrella identity used by several Iran-backed factions to claim attacks. The PMF itself, which includes numerous armed groups with differing allegiances, is not designated an FTO by the United States.

Rudaw adds that “Zaidi initially set the end of September as the deadline for armed factions to surrender their weapons, coinciding with the end of the United States-led coalition’s military mission in Iraq, before extending the timetable to the end of June 2027.” This is one reason the militias feel pressure.

Iran-backed militias involved in Mosul airport corruption

Meanwhile, the militias appear to have been involved in corruption at Mosul airport. Mosul was liberated from ISIS in June 2017. It has been reconstructed. However, militias took over swaths of the Nineveh plains and have played a role in Mosul. “Iraqi Prime Minister Ali al-Zaidi on Saturday ordered the cancellation of three commercial contracts at Mosul International Airport over the companies’ alleged links to armed groups, directing that the contracts be awarded to international firms,” Rudaw noted.

According to the Iraqi News Agency (INA), citing a source, Zaidi has directed “the cancellation of the contract of ‘Sky Plus’ company for leasing counters at Mosul Airport against the backdrop of its links to armed groups, and its referral to international companies.”

In his recent statement, Assaf dismissed reports by the Saudi-owned Al-Arabiya television network alleging that Kataib Hezbollah controls contracts inside Iraqi airports as a “blatant lie” and part of a “media war” waged against the pro-Iran Axis of Resistance, Rudaw noted.

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Head of the ultra-Orthodox Shas party, Arye Deri, announced Sunday that he would withdraw from the party list and would not be a member of the 26th Knesset.

The move means Deri will no longer serve as a member of Knesset, but will retain his position as Shas’s political leader, continuing to oversee the party’s direction and coalition negotiations.

His resignation will also allow the next eligible candidate on Shas’s electoral list to enter the Knesset in his place.

The announcement comes days after the Shas Council of Torah Sages rejected Deri’s request to step down as party leader on Wednesday, following the party’s heavy losses in last month’s election.

Shas won just six seats, down from 11 in the outgoing Knesset, its weakest result in more than two decades.

Shas party head Arye Deri speaks to supporters as the results of the Israeli elections are announced, in Jerusalem, November 1, 2022 (credit: YOSSI ZAMIR/FLASH90)

Shas rabbis initally reject Deri’s resignation request

Shas had initially denied reports that Deri had submitted a resignation letter, rejecting claims that he had formally announced he was leaving either the Knesset or the party leadership.

In a letter last Wednesday, the council said it had “heard with great sorrow” Deri’s request and would “forbid him from leaving his position in the movement.

“We are confident that he will fulfill the will of the sages, as he has always done,” the letter said.

Deri said he accepted the council’s “unequivocal directive” and would remain in his post. “I accept it without hesitation or reservation, and thank the rabbis for the trust and support they have given me throughout the way,” he said.

Keshet Neev contributed to this article.

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Yashar party leader Gadi Eisenkot officially received the mandate to form a government from President Isaac Herzog on Sunday during a ceremony at the President’s Residence, as the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu has continued its efforts to secure coalition partners.

Eisenkot will have 28 days to form a government, and the president may grant an extension of up to 14 additional days if necessary.

Eisenkot receives 67 recommendations in the week following elections 

The Yashar leader received 67 recommendations during consultations Herzog held throughout last week with representatives of all the parties set to serve in the incoming Knesset. Meanwhile, Netanyahu received 46 recommendations.

Eisenkot received the backing of both Arab parties, Ra’am and the Joint List, although their recommendations do not commit them to ultimately joining his coalition.

The election results showed a political deadlock in which no bloc received a 61-seat Knesset majority, making the path to forming the next government unclear. Netanyahu’s bloc secured 53 seats, while the opposition bloc won 48. The Arab parties, Ra’am and the Joint List, won a record-breaking 19 seats combined.

Yashar party chairman Gadi Eisenkot and President Isaac Herzog, November 7, 2026. (credit: ARNON BOSSANI)

If the candidate fails to form a government within the allotted time, informs Herzog that the effort has failed, or presents a government that fails to win a confidence vote, the president must decide within three days whether to assign the task to another MK or inform the Knesset speaker that he sees no possibility of forming a government.

Meanwhile, in Netanyahu’s bloc, the parties that recommended the prime minister included Likud, National Security Minister Itamar Ben-Gvir’s Otzma Yehudit,  Finance Minister Bezalel Smotrich’s Religious Zionist Party (RZP), Moshe Feiglin’s Zehut, and Arye Deri’s Shas.

The haredi (ultra-Orthodox) United Torah Judaism (UTJ) party, a longtime coalition partner of Netanyahu, declined to recommend a candidate for prime minister.

UTJ’s decision to abstain comes amid reported tensions between the haredi party and Netanyahu, and it benefits the opposition bloc seeking to replace him. Opposition party leaders have recently signaled greater openness to including haredi parties in their coalition, beginning negotiations with them.

The political deadlock could ultimately lead to another election, although the parties may still reach an agreement through coalition negotiations. Other possible outcomes include a unity government between Netanyahu and members of Eisenkot’s bloc, or a minority government.

What happens next?

Under Israeli law, if the candidate who receives the mandate fails to form a government within the allotted time, informs Herzog that the effort has failed, or presents a government that fails to win a confidence vote, the president must decide within three days whether to assign the task to another MK or inform the Knesset speaker that he sees no possibility of forming a government.

A second candidate would then have 28 days to establish a coalition, without the possibility of an extension.

If the second attempt also fails, or Herzog decides not to appoint another candidate, a 21-day period begins during which at least 61 MKs can jointly request that the president assign the task to a particular lawmaker. That candidate would have 14 days to form a government.

Should all attempts fail, the Knesset would be dissolved, and another election would be held. Until a new government wins the Knesset’s confidence and takes office, the outgoing government remains in place in a caretaker capacity.

Shir Perets contributed to this report.

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The Druze community has faced more than double the amount of violent and incendiary discourse on Israeli social media since the elections last month, a FakeReporter report released last week found.

FakeReporter found that online hate speech against the Druze increased by 106% from Election Day until October 30, when activity peaked because some Right-wing conspiracists began pushing claims that Arab voters stole the election.

The report, first reported by Israeli daily newspaper Haaretz, emphasized that the accounts leading the trend were all associated with current coalition parties.

Pro-government accounts on X included pictures of polling stations in Druze villages with captions such as “the Druze are ungrateful. They betrayed Netanyahu and stabbed him in the back,” while also including false claims about low percentages of Druze support for Likud.

Between October 27 and October 31, FakeReporter identified 952 posts mentioning the Druze community among X accounts it classified as part of the “poison machine.”

People from the Druze minority vote in the Israeli national election at a polling station in the Druze village of Daliyat al-Carmel, northern Israel, October 27, 2026. (credit: REUTERS/AMMAR AWAD)

Online anti-Druze sentiment comes after Likud received 5% more Druze votes than in 2022

However, the hate comments came after Druze support for Netanyahu’s Likud rose. 

While a majority of Druze voters chose Gadi Eisenkot’s Yashar or Avigdor Liberman’s Yisrael Beytenu, support for Likud rose among Druze voters by 5% since the last election.

FakeReporter noted that in the 2026 Knesset elections, Likud received 16% of overall Druze votes, as compared to 11% in the 2022 election. However, Druze support for Likud fell from its overall high in 2021, when the party received an overall Druze vote share.

Notably, Yashar and Yisrael Beiteinu both have Druze candidates who will serve in the 26th Knesset: Kamil Abu Rukun was 13th on Yashar’s list, and MK Hamad Amar was 7th on Yisrael Beiteinu’s list.

‘I spit on you’: Pro-government accounts claim Israeli Druze ungrateful to Netanyahu

Several of the comments portrayed the Druze community as traitors to Israel.

“Very unfortunate… but says a lot about the Arab character… I spit on you,” one post, with 64,400 views, reads.

People line up at a polling station to vote in the Israeli national election in the Druze village of Daliyat al-Carmel, northern Israel, October 27, 2026.  (credit: REUTERS/AMMAR AWAD)

Others characterized the Druze community as inseparable from other Arabic-speaking communities in Israel.

Another user posted that the Druze community “are no longer my brothers. You have Muslim brothers. Wretched traitors.” That post received 27,000 views.

Some of the comments identified by FakeReporter accused the Druze of being “ungrateful” to Netanyahu and to Israel, and accused them of bringing the “…next massacre upon your Druze brothers in Syria.”

“After these elections I understood that it is only a matter of interest and apparently if they were strong, they too would slaughter me if only they could… In my opinion, these ungrateful people should be transferred to Syria and Lebanon.”

A small minority of the hate comments called for the Druze community to be expelled from the country.

“The Druze are traitors who should have been murdered… What have we seen? That one must not trust the gentiles,” one comment read.

“The Druze are Arabs exactly like Hamas; they too should be expelled from here,” another read.

Most of the comments that called for expelling the Druze from Israel had only a few dozen views.

Notably, FakeReporter noted that it identified a 428% increase in the amount of negative and inflammatory discourse against Arab Israelis two days after the elections, approximately when coalition supporters began claiming the election was stolen.

FakeReporter CEO Nir Rosen noted that “this is not just an attack against the Druze community, but part of a broader discourse of delegitimization of the election results, and of populations that voted contrary to the political expectations of profiles belonging to the poison machine.”

Some of the accounts that led the vitriolic comments against the Druze had tens of thousands of followers, and several were followed by Prime Minister Benjamin Netanyahu’s son, Yair.

“This is dangerous discourse that undermines the social fabric in Israel and harms its democratic foundations,” Rosen said.

“When incitement against entire populations becomes intertwined with attempts to undermine the legitimacy of election results, the danger is not only in deepening hatred and division, but also in refusing to accept the voters’ decision and deteriorating into violent confrontations.”

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After heavy rains caused flooding and swept away tents in Gaza on Saturday, Hamas blamed Israel for the situation.

Security officials rejected the criticism on Sunday morning, saying that as part of preparations for winter weather, the Coordinator of Government Activities in the Territories (COGAT), Gaza Board of Peace, and the UN had already transported a variety of supplies to the enclave.

Officials stated that 91,000 new tents, waterproof tarps, and 9,000 truckloads of clothing and blankets were among the equipment delivered to offset the flood damage.

COGAT also encouraged aid organizations and countries to continue donating supplies and assisting in humanitarian efforts.

Permanent buildings not to be reconstructed until Hamas disarms, security officials say

Meanwhile, security officials asserted that for as long as Hamas refuses to disarm and the Gaza Strip is not demilitarized, equipment for the reconstruction of buildings in Gaza and mobile homes will not be allowed in.

 A Palestinian child stands between tents on the beach amid heavy rain on November 7, 2026 in Gaza City, Gaza. (credit: Omar Ashtawy/Getty Images)

“Even now, Hamas is exploiting the aid entering the Gaza Strip to rebuild its military wing. It is not stopping its rearmament. It is exploiting the civilian environment and the entry of reconstruction equipment. We knew in advance that this would be the situation in winter, and therefore COGAT prepared for it,” a security official added.

The same security official explained that “the situation now is the best it has been since the war began. During previous winters, there was military maneuvering, restrictions on the entry of general equipment, and population displacement. There are difficulties in the Gaza Strip. There is no doubt. But they are not comparable to what existed at the height of the war.”

Security officials are waiting to see what new government will be formed in Gaza, what its policy on reconstruction will be, and whether it will insist on Hamas being disarmed.

COGAT prepared for Hamas campaign blaming Israel for flooding

As first reported by Walla, COGAT prepared for a coordinated Hamas campaign amid the winter storm that caused flooding in the Gaza Strip.

On Saturday, heavy rains and winds that had battered the Gaza Strip since Friday night flooded displacement camps, damaged tents, and left families without dry shelter. Hamas said that approximately 70,000 tents were flooded within 12 hours and estimated the initial direct damage at approximately $3 million.

Hamas launched a campaign against Israel, blaming it for the harsh winter conditions, while members of the terrorist organization uploaded photos and videos to social media.

Gaza’s Hamas-run Civil Defense said it had received 2,166 distress calls since the storm began but had managed to respond to only 218 of them.

The organization’s spokesperson, Mahmoud Basal, said that displacement camps, shelters, and entire areas had been flooded, with water levels reaching approximately 1.5 meters in some locations. According to him, shortages of equipment and rescue tools forced teams to limit themselves to providing help to many families.

According to Palestinian and Arab media reports, the flooding affected tents in the area of Gaza City’s port, western Deir al-Balah, the northern part of the Nuseirat camp, and areas of Jabalya and Beit Lahiya.

Water entered shelters, soaking mattresses, blankets, clothing, and personal belongings. Families attempted to remove the water with buckets or prevent it from reaching their tents by using sand.

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Significant policy differences between the Mossad and the IDF regarding Iran have once again become the norm after the Israeli defense establishment experienced a period of greater unanimity on the issue from 2023 to 2025, sources have told The Jerusalem Post.

The latest battle was regarding how aggressive to be about pushing for a joint US-Israel operation against Iran before the Israeli election.

Mossad director Roman Gofman was in favor, backing Prime Minister Benjamin Netanyahu, while IDF Chief of Staff Lt.-Gen. Eyal Zamir was opposed.

Despite that conflict, sources close to the Mossad told the Post that Channel 12 reports claiming Gofman supported an operation in the recent period were false.

Rather, they said that the debate centered on whether Gofman is most concerned about using a joint offensive opportunity with the US against Iran before that window closes.

 Iranian flags fly as fire and smoke from an Israeli attack on Sharan Oil depot rise, following Israeli strikes on Iran, in Tehran, Iran, June 15, 2025.  (credit: MAJID ASGARIPOUR/WANA/REUTERS)

Zamir has been more concerned that an attack during this sensitive election season could harm the legitimacy of any operation and be abused by Netanyahu against his rivals.

These debates have not been black and white, and there are circumstances in which Zamir would favor an attack on Iran and where Gofman might oppose one, but those are the general debate lines.

Both IDF, Mossad favored striking Iran in 2025, 2026 operations

In June 2025 and in early 2026, both the IDF and the Mossad were in favor of striking Iran with major operations.

In June 2025, they debated who would lead certain matters, but both sides eventually reached an understanding.

In 2023-2024, both the IDF and the Mossad favored taking more time to fully prepare to take out a wide range of Iranian targets before initiating a major strike.

The sides started to differ regarding the goals of the early 2026 operation.

Then-Mossad director David Barnea was all in to try to push for regime change with several practical plans that included the Kurds and – according to foreign sources – former Iranian president Mahmoud Ahmadinejad, with the IDF being opposed to or lukewarm about such plans.

Generally, the IDF has been more doubtful that regime change is achievable in the short or medium term, while the Mossad, whether under Barnea or Gofman, has been more optimistic.

Mossad, IDF debated return to JCPOA in 2022

In June 2022, both the Mossad and the IDF debated whether returning to the 2015 Joint Comprehensive Plan of Action was a wise strategy.

Back in 2018, the Mossad favored convincing the US to pull out of the JCPOA, while the IDF favored staying in the deal, at least until close to 2024, when some of its limits – which Iran was then observing – would expire.

From 2010 to 2012, the Mossad and the IDF united against Netanyahu and then-defense minister Ehud Barak’s possible plans to attack Iran’s nuclear program.

They said that such an attack would prematurely draw the region into danger and chaos long before Iran was even near a nuclear weapon.

Netanyahu and Barak warned that, absent an attack, nuclear items would be moved to Iran’s underground Fordow nuclear facility, which would make it impossible for Israel to strike without help from the US, which, at the time, was considered doubtful.

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Despite its fragmented markets and myriad of cultures and spoken languages, Asia is becoming an increasingly popular home for budding tech and AI entrepreneurs, according to Magnus Grimeland, the founder and CEO of venture capital firm Antler.

“Going to the U.S. to build companies is still very popular and we see that happening at scale,” Grimeland said at the Fortune Southeast Asia 500 Summit in Vietnam on Nov. 3. “[But] for the first time ever in one of these platform shifts, there are real advantages in Asia that will lead to a lot of the leading companies being built out of here.”

According to Crunchbase data, investors poured $42.8 billion into startup funding rounds across all of Asia in the second quarter of 2026—the highest quarterly total in over three years. In Grimeland’s telling, several factors make Asia an appealing home for startups: a rapidly growing electricity grid, and an abundance of advanced chips and AI engineering talent.

“If you look at global power production, there’s four times more power being generated and built in Asia per year than in Europe and the U.S. combined,” he explained. “Most of that is in China, but [it’s happening] in the rest of Asia as well… the cost of power has gone down drastically compared to what you can access in the U.S..”

Asia, too, is leading in the physical AI realm. “All the leading companies in that space are here,” Grimeland said. “There’s very, very few autonomous vehicles on the streets in the U.S…. [but there’s] one company in China that has more autonomous vehicles on the streets than the rest of the world combined.”

Uneven growth

Yet, the allocation of venture funding remains hugely uneven within Asia. Thus far in 2026, 68.1%—or $96.1 billion of $141 billion—of VC funds entering Asia flowed into China, mainly to AI startups such as DeepSeek, Moonshot AI and StepFun, according to Dealroom data. By contrast, only $10.7 billion of venture funding went to Southeast Asia during the first nine months of the year.

“I get this question all the time: “What kinds of AI deals are you seeing in the Philippines?”” said Franco Varona, managing partner at Foxmont Capital Partners, a Philippines-based early growth fund. “[But] we don’t have the infrastructure for an LLM developer. We don’t even have the infrastructure for AI apps to be developed in the Philippines.”

Varona, a Canada-born Filipino, argued that this environment creates different investment opportunities. “In developed markets, you can already benefit from the infrastructure which has been developed, and you can invest in innovators, because those innovators have everything around them that can help them out,” Varona said. “[But] when we think about investing in an emerging market like the Philippines, we think about it as investing in the infrastructure itself.” 

To date, Foxmont has launched several themed funds, including one on digitization in the Philippines, and another focused on accessibility and affordability for Filipino consumers.

The unique corporate dynamic in Asia has also pushed the region’s long-running venture firms to launch new funding models. Singapore-headquartered VC firm Granite Asia’s private credit fund Libra Hybrid, for example, combines the characteristics of both debt and equity into a single financial instrument. 

“A lot of businesses [in Asia] are family owned or part of conglomerates,” said Ming Eng, Granite Asia’s managing partner. “They may not be interested in dilution or going for an IPO at any point in time… but they still need strategic capital to help them grow, and that’s where we see a lot of opportunities to help founders and companies, [by] having a different form of capital other than [pure] equity.”

All three panelists remained bullish on Asia’s VC scene, despite recent geopolitical headwinds. “We are going into a world now where the balance of innovation is clearly shifting,” concluded Grimeland of Antler. “There’s a real chance that more than the majority of the most exciting and innovative companies in [the AI] space will have been built out of Asia, and that has never happened before.”

This story was originally featured on Fortune.com

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I welcomed my fourth baby on June 29, 2026, six days after writing this. These words capture the week before, when I was 38 weeks pregnant, and the question that kept me awake still feels urgent now.

It was 11 p.m. I was 38 weeks pregnant with my fourth child, and instead of sleeping I was lying in the dark, silently running the list. Camp forms. The pediatrician follow-up. The board deck due to review. Who’s covering carpool the week I deliver? My body was begging me to rest, and my brain wouldn’t let it. By every external measure, I was doing it all. But lately, I could feel myself disappearing.

Four years ago, I wrote an article urging women to stop asking about work-life balance. My advice? You can never be truly balanced. The goal is to live unbalanced, to teeter back and forth, but with conviction about which way you’re leaning. I was pregnant with my third child then, a hustling venture capitalist. Today, I am a mother of four, a growing portfolio behind me, and over three-quarters of a billion dollars raised to deploy into healthcare companies. Now I find myself reflecting on the advice I gave back then. The question I keep asking: did we perfect the art of teetering so well that we forgot to live?

Four kids and a full career later, the list of to-dos is endless. Check one off, move on to the next. Whack-a-mole to the extreme. Focus on optimization. Prioritize. BE EFFICIENT. Get the to-do list done. Don’t worry if I’m the sacrifice.

The mental load has changed from our parents’ generation. Gone are the days when kids ran free until dinner. Unencumbered freedom has been exchanged for meticulous planning. Our kids are overscheduled, and we bear the brunt. And it’s not just the kids. It’s our jobs. The expectation of how much to produce, how high to climb. “How does she do it all?”

And the work never clocks out anymore. Hybrid and remote have blurred the line between the office and the kitchen table until there was no line at all. Now AI promises to make us faster, which somehow just means we’re expected to produce more, around the clock, forever.

But is this having it all? Countless working moms tell me stories of their day, collapsing into bed with just barely enough energy to make it to the following day. We figured out how to live in the unbalance yet it appears we teetered too much, too quickly, and we started losing ourselves in the process.

The trad wife movement has gained steam in part for this reason, a desire for simplicity. It’s not really about sourdough and aprons; it’s a referendum on a deal that stopped working. When “do it all” leaves you this depleted, opting out entirely starts to look like the only way to breathe.

My work as an investor in healthcare companies serving women makes it impossible to ignore: the mental load is exhausting, and it’s measurably hurting women’s health.

Without our health, we have nothing, and women are paying for it.

Mothers carry 71% of the household’s mental load, the invisible work of remembering, planning, anticipating, despite the fact that fathers are more involved than at any point in modern history. They’ve nearly tripled their childcare hours since the 1960s, yet it still isn’t enough.

And that load has a body count. There’s a name for what chronic stress does to a body: allostatic load, the cumulative wear and tear of a stress response that never fully switches off. It’s not a metaphor. It shows up as inflammation, hypertension, and disease, and it’s quietly accruing in women who are praised for how much they can carry.

Women spend 25% more of their lives in poor health than men, roughly nine years each. Nearly half of working women say their job has damaged their mental health in just the past six months. This isn’t fatigue. It’s a deterioration we’ve normalized.

The system that’s supposed to support us isn’t built to. Less than 9% of NIH research dollars over the last decade went to women’s health.

Humans were supposed to be raised in tribes, in community, yet somehow today we are expected to accomplish more than we ever have, in isolation. Please your spouse, take care of your kids, crush it at work, don’t ask for help. In fact, don’t even tell anyone you have help.

A friend of mine was on a panel and was asked how she had four kids. She replied honestly, “I have two nannies and lots of help.” Later she was scolded by the conference organizers, “shhh don’t tell the truth! We don’t want to scare people.”

But isn’t asking for help one of the most important things we can do for ourselves and each other? Somehow, we have lost the ability to be honest and say “I can’t do this alone. I need you.”

I felt that loss too. The optimization of my life was consuming me to the point I lost the greatest gift of all: time. So, I sought out help. First in small, confined ways, and later, more outwardly.

It’s still incredibly difficult. I’m a high-performing woman with local family and resources to pay for help; shouldn’t I be able to do it all?

In the pandemic, I found myself on a text chain with four other women. Half of us had never met in person. Six years later, we’ve texted every single day since, and I consider them some of my closest confidants.

You want to know what we named our chat? The Womb of Silence.

It’s where one of us admits she’s drowning before a board meeting. Where someone asks, with no shame, if anyone has a pediatrician they trust, a therapist taking new patients, a name for the thing they’re feeling or ailment they’re experiencing. Where “I can’t do this alone” is the price of entry, not a confession. Nothing you say there gets you exposed. Nothing gets you judged. You can always ask for help, and someone always answers.

I’ve since replicated this feeling with other groups, my Core of Core and Bad Ass VC Mamas, to name a few.

That chat taught me something the rest of my life kept trying to unteach me: asking isn’t the moment you fail. It’s the moment you actually start living and thriving.

Little by little, I am trying to reframe my brain to believe that doing it all myself doesn’t win me any awards. Deteriorating in plain sight won’t improve my health and happiness. Asking for help will.

The companies I’m drawn to as an investor are the ones giving women back the two things the world keeps taking: their time and their health. Every time I ask for help, I get a little of myself back.

The woman lying awake at 11 p.m., doing it all and quietly disappearing, is starting to reappear. Not because I’m carrying less, but because I’m finally not carrying it alone.

Maybe it’s okay ChatGPT wrote the tooth fairy poem or Instacart auto-ordered my groceries or, gasp, I got a babysitter to take a nap. And as I reflect four years later, with my fourth and final baby now here, I realize that maybe it’s okay to just rest on one side of the see-saw. It’s okay even to climb off of it for a bit to take a break.

Ask for help when you need it. And we all know, we need it.

The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of Fortune.

This story was originally featured on Fortune.com

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Seven people were killed and 112 were injured when two passenger trains collided south of Cairo on Sunday, Egypt’s Health Ministry said, according to BBC reporting and UPI. The ministry said 45 people sent to hospital had been discharged.

A train travelling from Giza to Fayoum struck the rear of another train heading from Cairo to Aswan between the Kafr Ammar and Al-Raqqa stations, according to the Egyptian National Railways Authority, as reported by UPI. Several carriages derailed, and the cause remained under investigation.

President Abdel Fattah al-Sisi said he had directed state agencies to provide medical care for the injured, investigate the circumstances of the collision promptly and hold accountable anyone found negligent. He offered condolences to the families of those killed and wished the injured a speedy recovery.

This is a developing story.

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National Security Minister Itamar Ben-Gvir claimed that Israel Police Commissioner Insp.-Gen. Danny Levy was being blackmailed by Attorney-General Gali Baharav-Miara, accusing her of pressuring the police chief and influencing his conduct following the elections, in an interview on 103FM on Sunday.

“Unfortunately, the police commissioner is being blackmailed,” Ben-Gvir said. Asked who was blackmailing him, Ben-Gvir replied, “The attorney-general.”

“Google it,” Ben-Gvir continued. “It’s not that complicated to understand why the police commissioner did a complete 180. He was a police commissioner who implemented government policy, and I was pleased with him. She puts pressure on him; she screams at him in meetings. He gets shouted at by her, and she has several things she uses to pressure him.”

Asked what those issues were, Ben-Gvir instead brought up the head of the Israel Police Spokesperson’s Division.

Itamar Ben-Gvir speaks to 'The Jerusalem Post' October 21, 2026 (credit: MARC ISRAEL SELLEM)

“Arieh Doron, look into his role in this story,” he said.

“Google ‘the police commissioner’s building violations,’ and see who the building inspectors for his house were. The attorney-general is terrorizing people,” Ben-Gvir added.

Ben-Gvir outraged over reports Balet didn’t involve Shin Bet

Ben-Gvir continued, “If the police commissioner had shared these things with me, I would have told him, ‘Shame on you if you commit building violations, and shame on you if you hire building inspectors you’re not allowed to hire.

I don’t even let the grocery store give me a one-shekel discount. People bring me gifts, and I tell them I can’t accept them. If you’re a public figure, protect yourself, because everyone is watching your every move.'”

Ben-Gvir also sharply criticized Maj.-Gen. Boaz Balet, head of the Israel Police Investigations and Intelligence Division, following reports that Balet had prohibited police from transferring investigative materials to the Shin Bet (Israel Security Agency) in a case concerning election integrity.

“I think Boaz Balet is the attorney-general’s emissary for closing cases, covering things up and sweeping them under the rug,” Ben-Gvir said.

“Boaz Balet is a fraud; he is a liar who has taken control of the Investigations and Intelligence Division and is running it as though it belongs to him. The investigation was with Manny Binyamin. What is he doing there?”

Ben-Gvir expressed outrage over the report that Balet had decided not to involve the Shin Bet in matters concerning election integrity.

“Zini is talking about NIS 100 million that was transferred. We saw the vouchers. The suspicion is Qatar, and it’s clear there were various attempts at interference here. It’s also clear that in the prisons they passed materials to the Joint List,” he added.

Ben-Gvir was also confronted with remarks by his aide and fellow party member, Hanamel Dorfman, who argued that the high voter turnout for Arab parties was actually a protest vote by the Arab public against Ben-Gvir’s policies at the National Security Ministry.

Responding directly to Grinzaig, Ben-Gvir said, “You kept saying Ben-Gvir was worth nothing, and suddenly it’s blowing up in your face. Suddenly it turns out that the very people you told everyone I had no influence over all went to the polls to bring me down? That’s the best compliment I’ve ever received.”

“The claim that if the Arabs came out because of me, to bring down Itamar Ben-Gvir, that’s the best proof that I’ve done what hasn’t been done in 40 or 50 years,” Ben-Gvir added.

Brig.-Gen. Arieh Doron declined to comment on the remarks.

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A military-grade laser weapon system has been deployed as part of the air-defense network protecting President Donald Trump’s Mar-a-Lago estate, US security agencies have confirmed. 

Officials from NORAD and US Northern Command confirmed to The War Zone that counter-drone and air-defense capabilities had been deployed in and around Mar-a-Lago at the request of the US Secret Service, citing a heightened security environment while declining to disclose operational details. 

“These assets add a complementary layer of technology to enhance protection,” the statement said.

The system, AeroVironment’s LOCUST, is a high-energy laser designed to detect, track, and disable Group 1 through Group 3 (quadcopters, small drones, and fixed-wing aircraft that weigh up to 600 kilograms) using directed-energy technology. The system can be deployed in a fixed or mobile configuration, moved on a pallet, or mounted on a vehicle.

AeroVironment's LOCUST high energy laser defense system (credit: AeroVironment)

The Secret Service was quoted as saying that the agency “is operating in a heightened threat environment, and we continuously adapt our protective operations to incorporate cutting-edge tools, technologies, and methods to safeguard our protectees.”

According to The War Zone, at Mar-a-Largo the system is mounted on a Joint Light Tactical Vehicle (JLTV) and operates as part of a larger defensive network alongside radar systems, infrared sensors, electronic countermeasures such as jamming systems, and AN/TWQ-1 Avenger short-range air-defense systems mounted on a floating platform.

Earlier this year, AeroVironment unveiled its LOCUST X3, and it is unclear which version has been deployed.

The LOCUST X3 features a scalable 20-35+ kilowatt laser and a modular beam director, and it uses AI to detect, track, and engage threats.

AeroVironment space, cyber, and directed energy president Mary Clum was quoted by Army Technology as saying that the upgraded HPL “transforms how defenders respond to the challenge of massed drone attacks. Its modular design and advanced AI allow for resilient, adaptive protection of critical assets on any platform, at the tactical edge, or at fixed sites. With LOCUST X3, operators can now counter high-volume threats with unmatched speed, precision, and affordability.”

In September, the company was awarded a contract of approximately $464.8 million by the US Army Portfolio Acquisition Executive for Fires. The contract marks the first-ever production for the high-energy laser weapon system in US history, allowing the US Army to field a scalable solution against hostile unmanned aerial systems.

The contract will have the company deliver dozens of LOCUST X3 to the US Army to advance its layered air defense capabilities, “While also solidifying directed energy as a cornerstone of future battlefield operations,” the company said in a statement at the time.

Low-cost, highly precise

The reported deployment marks another real-world use of counter-drone laser technology as the US military continues to expand the operational role of directed-energy weapons.

DELIVERED TO the IDF late last year, the Iron Beam system marks a historic milestone – the world’s first operational laser defense platform capable of neutralizing rockets, drones, and mortars at a fraction of the cost of traditional interceptors. (credit: The Defense Ministry/Handout via REUTERS)

Driven by the pressing need to counter increasingly available weaponry like drones, governments and militaries around the world have been working to develop and deploy high-power laser technology. Hostile forces are flooding battlefields with low-cost but sometimes highly precise weapons, which, despite their affordability, can inflict significant damage. 

The growing proliferation of such weapons, including UAVs and guided munitions, poses a meaningful threat, necessitating defenses like high-power laser systems to neutralize them before they can cause harm. 

According to AeroVironment, LOCUST can engage a threat at less than $10 per shot, compared to more traditional kinetic weapons that can cost millions of dollars. The systems are designed to detect, engage, and defeat threats within seconds, delivering a highly accurate strike as soon as the threat is identified. 

A report by Army Technology said that the Federal Aviation Administration and the Department of War have established a safety agreement allowing the LOCUST system to be operated in US airspace.

This is meant to enable rapid response to provide a higher level of protection for both military and civilian targets. 

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Fourteen foreign nationals and three Palestinians were detained on suspicion of involvement in disturbances near Ras Karkar in the West Bank on Saturday, Israel Police said on Sunday.

Following questioning by the Judea and Samaria District Police, the cases of the foreign nationals were referred to the Population and Immigration Authority for hearings and decisions on their possible deportation from Israel.

According to a police statement, the incident occurred on Saturday after authorities received a report of a disturbance in the Samaria region. IDF troops and Border Police officers from the Judea and Samaria District were dispatched to the scene and detained 17 suspects on suspicion of involvement in the disturbance and violating a lawful order.

Officers from the Modi’in Illit police station also arrived at the scene, and the suspects were taken to the station for questioning.

During the investigation, conducted in cooperation with the foreign nationals desk of the Judea and Samaria District Police’s Central Unit, investigators raised suspicions that the foreign nationals had traveled to the area to provoke confrontations and clashes on the ground and promote media campaigns against Israel, allegedly intended to attract international attention.

Israeli soldiers take part in a military operation in the market in the Old City of Nablus, in the northern West Bank, September 27, 2026 (credit: NASSER ISHTAYEH/FLASH90)

Suspects thought to support BDS movement against Israel

Police further stated that several of the suspects were believed to support the Boycott, Divestment, and Sanctions (BDS) movement, which advocates boycotts of Israel. Some were also suspected of expressing support for organizations that police described as anti-Israel and presenting them as legitimate groups.

Following the completion of questioning of the 14 foreign nationals, and after police said investigators had established an evidentiary basis for the suspicions against them, the investigation materials were transferred to the Population and Immigration Authority for review.

The move was carried out in coordination with the Foreign Ministry and the Population Administration at the Interior Ministry, enabling the authority to conduct hearings and determine whether the foreign nationals should be deported from Israel.

Police said the move was part of broader cooperation among the relevant authorities to prevent similar activities at various locations throughout Judea and Samaria.

The investigation into the remaining suspects is ongoing.

The Judea and Samaria District Police said it would continue taking action against incidents of friction and violence, including during the olive harvest season, as well as against what police described as manifestations of incitement, agitation, and identification with terrorist organizations.

According to police, such activities could lead to disturbances and endanger public safety.

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House Republicans are demanding answers from Nvidia CEO Jensen Huang about his reported relationship with a Chinese intelligence asset, escalating scrutiny of whether Beijing gained access to sensitive U.S. technology through the chip giant’s business ties.

The request follows a New York Times report that Alice Huang, a Chinese citizen and Megaspeed executive, had been gathering information for Beijing and developed a close relationship with Jensen Huang.

The Times reported that President Donald Trump was briefed on the intelligence findings about a year ago but chose not to act.

SUSPECTED CHINESE INTELLIGENCE ASSET GAINED ACCESS TO NVIDIA CEO JENSEN HUANG: REPORT

The letter, dated Wednesday and released Thursday, says recent reports raise national security concerns about China’s access to sensitive U.S. technology and information.

The lawmakers are seeking details about Jensen Huang’s interactions with Alice Huang and Nvidia’s security protocols against foreign espionage.

The letter was signed by 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. They invited Huang to an in-person joint briefing on Nov. 18, one day after Nvidia is scheduled to report its third-quarter earnings.

“China’s access to that sensitive U.S. tech is core to the investigative work of our three committees this Congress,” the lawmakers wrote, adding that Congress must determine whether U.S. national security was put at risk.

HOW US CEOS QUIETLY TEAMED UP WITH TRUMP TO GAIN LEVERAGE OVER CHINA

It is unclear if Huang will attend. Nvidia did not immediately respond to FOX Business’ request for comment.

The Times reported that U.S. officials initially did not believe Jensen Huang knew Alice Huang was allegedly gathering intelligence for China. It remains unclear whether that assessment has changed. Huang has not received a defensive briefing from the government, according to the Times.

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

Earlier this year, Huang joined Trump’s business delegation to meet with Chinese President Xi Jinping. He was reportedly added to the trip at the last minute and secured a seat on Air Force One, underscoring Nvidia’s role in U.S.-China trade and technology talks.

The delegation brought together executives from major U.S. companies with deep ties to China, including Apple CEO Tim Cook, Tesla and SpaceX CEO Elon Musk, Micron CEO Sanjay Mehrotra and Meta’s Dina Powell McCormick. Financial leaders Stephen Schwarzman of Blackstone, Larry Fink of BlackRock, Jane Fraser of Citigroup and David Solomon of Goldman Sachs also joined the trip.

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

Many of the executives are among the world’s wealthiest business leaders. Musk is the richest person in the world, according to the Bloomberg Billionaires Index, while Schwarzman and Huang have fortunes in the tens of billions.

Together, their companies represent trillions of dollars in corporate power and rely on Chinese consumers, manufacturing and supply chains, even as Washington and Beijing clash over trade, technology and national security.

U.S. officials suspect some chips acquired by Megaspeed may have been smuggled into China.

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Silicon carbide wafers used in chipmaking

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Two of Israel’s senior chip-equipment executives said Sunday they see no sign of a slowdown in orders despite last week’s rout in semiconductor stocks, drawing a line between a financial market hunting for short-term returns and companies investing in infrastructure for years ahead.

“We see no change. We are in contact with manufacturers around the world,” Ofer Greenberger, president and CEO of Applied Materials Israel, said on a panel at the “Seeing Beyond the Trend” conference, according to a report from the event. “There is apparently a gap here between a financial market looking for short-term returns and companies investing in infrastructure for a horizon of years. We saw this in previous cycles as well.”

Expanding capacity, not cutting

Greenberger said Applied Materials is investing heavily to expand its production capacity because it sees customer demand continuing. “There is the question of who is financing this whole cycle, but between those ordering and those supplying, we see continuity in demand,” he said. “We are investing a great deal in expanding production capacity, because we see the demand and are preparing for it.”

Lior Aviram, chairman of Camtek, agreed, while cautioning against reading too much into single market moments. Camtek tracks its order backlog, deal pipeline and customers’ road maps, he said, “and also the road maps of our customers’ customers. We are at the back of the cycle, so we feel the rises late, but we also feel a slowdown later. I stressed that right now we see no slowdown at all.”

The remarks came after the Philadelphia semiconductor index fell 12 percent last week, bringing its decline over the past half year to nearly 30 percent, though the index is still up 30 percent over the past year. According to Morgan Stanley data presented at the panel, the wafer fab equipment market, where Camtek, Applied Materials and Nova operate, is estimated at about $100 billion a year and is expected to nearly double by 2028.

A more cautious read

Yotam Ironi, head of foreign equities at Altshuler Shaham, offered a differing assessment, calling the selloff “a waking from a dream, a sobering up.” He said the correction reaches every investment portfolio and savings plan worldwide because the technology sector, and chips in particular, has grown so large in the indexes.

“Now the industry is more mature. We know how much it costs to build a server farm and how much it costs to buy chips, and the screen gives us the cost of financing every day in the form of bond yields,” Ironi said. He added that the U.S. election results signal some data-center projects could be delayed and take longer to generate cash flow, though he believes they will ultimately be built because states carrying heavy debt need the taxes and development.

On pricing, Ironi said the market is already signaling a pause: “Companies publish reports with nice growth in revenue and profits, but the stock moves sideways. Take Nvidia: relative pricing falls quarter after quarter while profitability rises. We are at least one foot into a stop in the cycle.” He said he hopes the correction proves healthy, giving everyone time to prepare financially.

What they watch for a turning point

Greenberger said he follows the capital-spending budgets of the cloud giants and utilization rates at packaging plants, which handle the silicon wafers produced by TSMC. “The packaging field is considered the canary in the coal mine. Those plants get work first, and lose it first,” he said. “Right now things look solid.” Aviram said he sees no path in which the United States pauses AI development while China continues to advance.

The panel also highlighted Israel’s position in process control, the machines that inspect and measure chips during production. Greenberger said Applied Materials Israel leads the global market in electron microscopy, and that “there is almost no chip in the world that does not pass under an Applied Israel machine.”

JBizNews Desk | Tel Aviv

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

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The founders of Poppi are launching a new beverage startup on Monday, taking aim at the sports drink category dominated by Gatorade, owned by the same company that paid $1.95 billion for their soda brand last year.

Allison and Stephen Ellsworth’s new brand, Jetty, arrives Monday, November 9, with bottled drinks and ready-to-mix electrolyte packets at Whole Foods stores and online at Target and Amazon. The venture is self-funded with $2.5 million, and the founders expect to raise outside capital in 2027.

Competing with the buyer

PepsiCo bought Poppi, the prebiotic soda the Ellsworths built over a decade, for $1.95 billion in 2025. Jetty, which the couple owns and funds independently, now competes with Pepsi’s Gatorade, which holds about 60 percent of the U.S. sports drink market, according to Numerator data.

Jetty is pitched at everyday hydration rather than post-workout recovery. It launches with five flavors, watermelon, orange mango, fruit punch, black raspberry and white cherry, each containing 6 grams of sugar and 3 grams of fiber per 15.2-ounce bottle or 15-gram packet, along with 100 milligrams of sodium, 310 milligrams of potassium and 100 milligrams of magnesium. A 20-ounce bottle of traditional Gatorade Thirst Quencher carries about 34 grams of sugar by comparison.

A crowded aisle

The Ellsworths are entering a category drawing heavy interest. Dollar sales of hydration and electrolyte products climbed 20 percent to $2.6 billion in the 52 weeks ended October 4, according to SPINS data, and the number of new items in the category has risen 41 percent over two years. Kraft Heinz added electrolytes to Capri Sun and Kool-Aid this spring, and Pepsi unveiled a Gatorade overhaul in April aimed at broader, everyday use.

Allison Ellsworth, Jetty’s chief brand officer, said the idea grew from her own experience using a GLP-1 medication, which can dampen thirst, and from watching consumers drift away from legacy sports drinks. “Our core audience is going to be millennial moms and Gen Z,” she said. Her husband, Stephen, is the new brand’s CEO.

JBizNews Desk | New York

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Gen Zers are so desperate to get a home of their own they’re increasingly willing to make trade-offs—even if it means putting opportunities on the back burner and moving back in with mom and dad.

Around 28% of Gen Z adults say they would choose their dream home over their dream job, according to new Harris Poll data commissioned by Coldwell Banker Real Estate.

About 92% of the young generation who aren’t homeowners want to buy one day—even if it means setting aside other big life goals. And to make it happen amid a stifling cost-of-living crisis, many are settling down in their childhood bedrooms; more than three-quarters of Gen Zers have moved in or considered living with their parents or in-laws to save up for a home. 

They’re part of a growing number of young Americans putting off traditional milestones of adulthood, as living with family becomes a more practical and increasingly culturally accepted way to get ahead financially.

“Gen Z is telling us loud and clear that owning a home is still the milestone that says you’ve made it,” Mary Lee Blaylock, president of Coldwell Banker Affiliates, tells Fortune in a written comment. “Many are moving back in with family and making real sacrifices now because they see homeownership as the foundation for the life they want to build.”

Despite how out-of-reach homeownership can look, it’s still an integral achievement for people to feel like they’ve made it; around 85% surveyed said owning a home is part of the American Dream for most Americans, unchanged from 2025, according to the Coldwell report. Knowing how difficult it is to buy, some young families are already planning ahead so their kids don’t face the same hurdles. Around 85% of Gen Z and 82% of millennial parents have started saving for a child’s home down-payment, or at least considered it.

Why Gen Z and young millennials are delaying their move-out

A record 25.2 million U.S. adults under the age of 35 lived with their parents in 2025—representing about one in three young adults—according to a 2026 report from Realtor.com. It was even higher than the pandemic-era surge, when many budding professionals returned home to ride out the pandemic with their loved ones.

However, it doesn’t mean that Gen Zers and young millennials are jobless and mooching off their family resources. 

In fact, around 70% of 25 to 34-year-olds who still live at home with their parents are actually employed, according to the report. Plus, around 72% of young adults who live with their parents say they contribute financially to the household in some sort of way, according to 2024 data from Pew Research. About 46% contribute toward rent or the mortgage, while 65% put in money towards the family groceries, utilities, or other household expenses.

But many have found they can’t fly the coop just yet, as pay increases have failed to keep pace with skyrocketing housing costs. 

In 2025, the median American home price was $430,000, up 34.4% from 2019, according to the Realtor.com report. Meanwhile, average monthly rent shot up by 17.9% to $1,673. And a housing shortage of roughly 4 million homes is only exacerbating the issue.

Instead of kicking back, most workers are postponing their move-out plans thanks to an affordability crisis pinching the wallets of everyday Americans. And as professionals on the lowest rung of the corporate totem pole, their rock-bottom salaries, job instability, and lack of savings may be keeping them home.

The American Dream has changed: ‘We are going to start looking a lot more like Europe’

For younger Americans, moving back in with their parents is no longer necessarily a temporary detour on the path to independence. Instead, it may be a longer-term lifestyle shift, as the financial and cultural barriers to multigenerational living continue to fall.

“Now since rates have been going up and affordability remains very stretched, we’re seeing [multigenerational living] increase,” Ivy Zelman, cofounder and executive vice president at housing research firm Zelman, a Walker & Dunlop Company, said during a roundtable discussion Fortune attended earlier this year. “We assume that it’s going to stay fairly stable as we continue into the second half of the decade.”

The proportion of adults in their twenties and thirties living at home has continued to rise in recent years, and shows no sign of letting up. Back in 1980, only around 15% of these younger adults opted to live with their parents. 

Now, around 22.4% of Gen Zers and millennials are bunkering down with their families, according to recent data from Zelman. And the real estate firm predicts that number won’t budge by 2030. Echoing the Realtor.com data, Zelman also found that young adults face a cost-of-living crisis and lackluster salary increases; only 44% of 20- to 39-year-olds could afford their median local rent. And beyond affordability, the firm noted that a cultural change is underway. 

“We also believe that there’s a secular shift in how people are living,” Zelman continued, explaining that when you look “at young adults today that are happy or content living with their parents, the negative stigma is really no longer prevalent. We are going to start looking a lot more like Europe: multigenerational living.”

This story was originally featured on Fortune.com

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Israeli airline Israir is in preliminary talks to buy its main local rival Arkia in a bid to better compete against foreign carriers, Chief Executive Uri Sirkis said in a letter to staff.

Local media have reported that privately owned Arkia has recently suffered a loss, and though its results have not been published its owners said the airline had fallen into a “crisis” and they were working to find a solution.

Arkia stressed “its operations continue as usual” and it was “looking forward, making the adjustments required by a changing reality, maintaining operational stability, and continuing to develop its activity.”

Israir, valued at $144 million, and privately held Arkia are the second- and third-largest Israeli airlines behind flag carrier El Al.

In a letter to employees over the weekend seen by Reuters, Sirkis said that while Arkia is a worthy and respected competitor, Israir has invested more heavily in infrastructure, technology, and future development – including the purchase of eight aircraft, forming partnerships with hotels, and taking a stake in a credit card firm.

The company urged ticket holders to decide within 12 hours whether they wanted an alternative flight on another airline with a layover or to receive a financial refund. Arkia. (credit: ARKIA)

“That gives us a significant advantage today,” Sirkis said. “All these investments together place us as a significant potential buyer. Now there is an opportunity to leverage this infrastructure.”

Israir aims to carry 3.5 million passengers by 2030

He noted that Israir aims to carry 3.5 million passengers by 2030, with a fleet of some 20 aircraft.

“If the move is approved.. we will create an amazing aviation group that will compete on price and service against the major international airlines operating in Israel,” Sirkis said, adding it would create “significant annual savings in operating expenses and allow us to build a real competitive challenger under the Israeli flag.”

“This is not a takeover move; it is a move to strengthen Israeli aviation. It is a move that secures the future of all of us, of Israir and of Arkia alike” and “could change the map of Israeli aviation.”

Israir holds a 12% market share of passengers using Ben-Gurion Airport near Tel Aviv so far in 2026, while Arkia has nearly 11%. They have traditionally mainly operated on domestic routes and to Europe, but recently both have begun longer-haul flights to New York.

Arkia also now flies to destinations in Asia, such as Thailand and Vietnam, and plans flights to the Philippines starting in January.

Arkia reportedly loses $30 million in 2026

Israeli media have reported that Arkia made a loss of $30 million over the first three quarters of 2026, though Arkia says that as a private company it does not publish its financial results, so data are not official. Media also reported that its owners were considering a capital injection.

Arkia is owned by the Nakash brothers, who said in a statement: “The Nakash Group is working to find solutions to the crisis Arkia has fallen into, with the aim of rehabilitating the company and bringing about its recovery. Its approach is uncompromising, professional, and long-term, with the well-being of passengers and employees at the forefront.”

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For decades, the markers of extreme wealth were easy to spot: the second home, the fancy cars, the Ivy League education. New analysis of Federal Reserve data points to a subtler one: a third child.

Mike Konczal, vice president of policy and research at the Economic Security Project and a former White House economist, studied households headed by 45- to 64-year-olds in his analysis of the Fed’s Survey of Consumer Finances, pooling five surveys from 2013 through 2025. He found that 49% of top-1% earners have three or more children, compared with about 40% of the rest of the top 10%.

Families with four or more kids are about as common in both groups, so the gap comes down to the third child: 34% of the 1% stop at exactly three, versus 24% of the merely affluent.

What changed isn’t the rich. Since the 1990s, families with three or more kids have become less common overall and among the rest of the top 10%, while the 1%’s share barely moved. “What’s new is that it has become rarer for everyone else,” Konczal writes.

Big families thin out in the upper middle class. Rank families by wealth instead of income, and among those wealthier than about three-quarters of Americans their age, but well short of the top, only about a third have three or more kids.

That’s well below families further down the wealth ladder. In the top 1%, half do.

Many of these families earn too much for federal child care subsidies, which are capped at 85% of a state’s median income, but not enough to hire their way around the problem.

Elaine Shi and her husband once thought they might have four kids. They stopped at three. Asked how much cost factored in, Shi, the CEO and co-founder of body-composition scanning company BodySpec, said simply: “None.” What settled it was their third child’s “firecracker personality,” along with her health during each pregnancy.

Shi doesn’t see that divide among the people she knows. “Candidly, this has not been my experience,” she says. What stands out to her is timing: “Relatively few of my peers in our late 30s have chosen to have three children because they started having the first one relatively late in life.”

Americans still say they want three

Big families used to be ordinary. In 1976, about two-thirds of mothers in their early 40s had three or more kids; by 2016, 38% did, according to Pew Research Center.

The U.S. fertility rate, close to two children per woman in 1995, hit a record low of 1.57 in 2025, by a Wall Street Journal calculation using federal data.

Americans still say they want more: 42% called three or more kids ideal in Gallup’s July 2025 poll. But more than 7 in 10 say that raising kids is unaffordable for most people, according to BYU’s 2025 American Family Survey.

Where the money goes

Shi’s third child arrived at a hectic moment. Her older two, about two years apart, were starting school, and their needs were diverging.

“It didn’t seem fair to drag an infant along to every gymnastics and swim class, nor did it seem fair to forego those kinds of activities to stick to a baby’s nap schedule,” she says. She was also mid-fundraise and needed to get back to work fast. “So we ended up investing in multiple caregivers to better meet everyone’s needs.”

The biggest financial change from two kids to three, she says, was “definitely childcare.”

Most families can’t hire their way out. Full-day care for a child cost $6,552 to $15,600 a year in 2022, or 8.9% to 16% of median family income, according to the Labor Department. And that’s for one child.

By one LendingTree estimate, a two-child household needs to earn $400,000 a year for childcare to be affordable.

A third kid often means a bigger house, too. The typical existing single-family home sold for $412,500 in 2024, about five times the median household income, according to Harvard’s Joint Center for Housing Studies. In the 1990s, it was closer to three times.

Why it matters beyond the family budget

The U.S. recorded just over half a million more births than deaths in 2025, and Census Bureau and Congressional Budget Office projections show that cushion ending in the next decade, the Wall Street Journal reported. After that, population growth would depend on immigration.

Economists warn that fewer births mean a smaller future workforce, slower growth and more strain on Social Security.

Konczal cautions that his numbers show a correlation, but it’s the one you’d expect if money solves the hard parts of raising kids. He argues that some of what money buys the rich, like stability and support, could be offered to families now, through policy aimed at the years when kids are young and budgets are tightest.

Shi’s own fix is more about time than money. She and her husband run BodySpec together, and their favorite workday, she says, is Saturday.

The office is empty, and one of the kids usually tags along, most often her son, the middle child. He gets to build a LEGO set without his sisters taking it apart, then has lunch alone with his mom.

“Nobody told us this counted as work-life balance, but it’s the closest thing we’ve found,” Shi says.

This story was originally featured on Fortune.com

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For decades, the markers of extreme wealth were easy to spot: the second home, the fancy cars, the Ivy League education. New analysis of Federal Reserve data points to a subtler one: a third child.

Mike Konczal, vice president of policy and research at the Economic Security Project and a former White House economist, studied households headed by 45- to 64-year-olds in his analysis of the Fed’s Survey of Consumer Finances, pooling five surveys from 2013 through 2025. He found that 49% of top-1% earners have three or more children, compared with about 40% of the rest of the top 10%.

Families with four or more kids are about as common in both groups, so the gap comes down to the third child: 34% of the 1% stop at exactly three, versus 24% of the merely affluent.

What changed isn’t the rich. Since the 1990s, families with three or more kids have become less common overall and among the rest of the top 10%, while the 1%’s share barely moved. “What’s new is that it has become rarer for everyone else,” Konczal writes.

Big families thin out in the upper middle class. Rank families by wealth instead of income, and among those wealthier than about three-quarters of Americans their age, but well short of the top, only about a third have three or more kids.

That’s well below families further down the wealth ladder. In the top 1%, half do.

Many of these families earn too much for federal child care subsidies, which are capped at 85% of a state’s median income, but not enough to hire their way around the problem.

Elaine Shi and her husband once thought they might have four kids. They stopped at three. Asked how much cost factored in, Shi, the CEO and co-founder of body-composition scanning company BodySpec, said simply: “None.” What settled it was their third child’s “firecracker personality,” along with her health during each pregnancy.

Shi doesn’t see that divide among the people she knows. “Candidly, this has not been my experience,” she says. What stands out to her is timing: “Relatively few of my peers in our late 30s have chosen to have three children because they started having the first one relatively late in life.”

Americans still say they want three

Big families used to be ordinary. In 1976, about two-thirds of mothers in their early 40s had three or more kids; by 2016, 38% did, according to Pew Research Center.

The U.S. fertility rate, close to two children per woman in 1995, hit a record low of 1.57 in 2025, by a Wall Street Journal calculation using federal data.

Americans still say they want more: 42% called three or more kids ideal in Gallup’s July 2025 poll. But more than 7 in 10 say that raising kids is unaffordable for most people, according to BYU’s 2025 American Family Survey.

Where the money goes

Shi’s third child arrived at a hectic moment. Her older two, about two years apart, were starting school, and their needs were diverging.

“It didn’t seem fair to drag an infant along to every gymnastics and swim class, nor did it seem fair to forego those kinds of activities to stick to a baby’s nap schedule,” she says. She was also mid-fundraise and needed to get back to work fast. “So we ended up investing in multiple caregivers to better meet everyone’s needs.”

The biggest financial change from two kids to three, she says, was “definitely childcare.”

Most families can’t hire their way out. Full-day care for a child cost $6,552 to $15,600 a year in 2022, or 8.9% to 16% of median family income, according to the Labor Department. And that’s for one child.

By one LendingTree estimate, a two-child household needs to earn $400,000 a year for childcare to be affordable.

A third kid often means a bigger house, too. The typical existing single-family home sold for $412,500 in 2024, about five times the median household income, according to Harvard’s Joint Center for Housing Studies. In the 1990s, it was closer to three times.

Why it matters beyond the family budget

The U.S. recorded just over half a million more births than deaths in 2025, and Census Bureau and Congressional Budget Office projections show that cushion ending in the next decade, the Wall Street Journal reported. After that, population growth would depend on immigration.

Economists warn that fewer births mean a smaller future workforce, slower growth and more strain on Social Security.

Konczal cautions that his numbers show a correlation, but it’s the one you’d expect if money solves the hard parts of raising kids. He argues that some of what money buys the rich, like stability and support, could be offered to families now, through policy aimed at the years when kids are young and budgets are tightest.

Shi’s own fix is more about time than money. She and her husband run BodySpec together, and their favorite workday, she says, is Saturday.

The office is empty, and one of the kids usually tags along, most often her son, the middle child. He gets to build a LEGO set without his sisters taking it apart, then has lunch alone with his mom.

“Nobody told us this counted as work-life balance, but it’s the closest thing we’ve found,” Shi says.

This story was originally featured on Fortune.com

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Binance has named a new chief financial officer just over a week after hackers stole approximately $6.3 billion in cryptocurrency from the exchange in what is believed to be the largest digital asset theft on record.

Kaiser Ng is leaving the company after more than five years to pursue a new venture, Binance co-CEO He Yi said in a statement provided to FOX Business. 

Justin Yek, a former finance executive at global payments firm Airwallex, will succeed him.

The announcement comes nine days after the Oct. 29 cyberattack, but a Binance spokesperson confirmed to FOX Business that the leadership transition was planned more than six months ago and had no connection to the security incident.

BINANCE DETAILS HOW A FAKE JOB INTERVIEW LED TO A $6.3B CRYPTO HEIST

“Kaiser Ng has decided to pursue a new venture after more than five years at Binance, with a transition plan implemented over the last half year,” He Yi said.

The CFO change comes as Binance works to recover stolen assets and strengthen its cybersecurity defenses following the attack, which the FBI has attributed to North Korean hackers associated with an operation known as “TraderTraitor.”

FRANCE BLOOD BANK CYBERATTACK TARGETS REFRIGERATION SYSTEMS AS EUROPEAN SUPERMARKETS HIT

Binance has pledged to absorb the losses rather than pass them on to customers. Co-CEO Richard Teng previously told FOX Business that customers would not bear any losses and that the exchange had replenished affected assets.

In a Nov. 3 update, Binance said it had replenished 98% of the affected token assets and that approximately $2.85 billion in stolen assets had been frozen or intercepted.

The exchange also said it was working with law enforcement and industry partners to trace the stolen funds while bolstering its cybersecurity defenses.

Binance said hackers used a fraudulent job interview to compromise an employee’s computer before exploiting internal systems, including an artificial intelligence tool, to execute unauthorized cryptocurrency transactions.

Ng had served as Binance’s CFO since January 2022 and previously worked at rival cryptocurrency exchange Kraken.

His successor, Yek, most recently served as Airwallex’s vice president of finance. The payments company announced his appointment as head of strategic finance and corporate development in February 2023, noting his previous experience at Morgan Stanley and Citi.

Yek said he was grateful for Ng’s partnership during the transition over the past several months.

CLICK HERE TO GET FOX BUSINESS ON THE GO

“I look forward to leading our finance organization as we continue to scale responsibly and deliver on our mission globally,” Yek told FOX Business.

Reuters contributed to this report. 

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Arkia passenger aircraft in a 2019 archive photograph

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Arkia’s controlling Nakash brothers have taken a planned dilution of employee shares off the table for now, and the labor dispute workers threatened last week will not be activated, a Sunday report said. The company is expected to examine alternative routes for a capital injection.

Another investor group meets Arkia’s finance chief

An investor group led by Gil Damati and Shmulik Susana visited Arkia’s offices Sunday and met chief financial officer Ran Cohen, who examined their proposal, TheMarker reported.

The report says their talks with Arkia have been under way for several months. Its $30 million to $40 million figure is an estimate of the sums involved in the negotiations, not a signed purchase price. The Damati-Susana group is separate from the Lerner, Elkayam and Varor framework reported below.

A group of three businessmen has reportedly agreed on an initial framework to buy Arkia, separate from Israir’s interest, according to a report published Friday. The report names Yariv Lerner, Avi Elkayam and the family of George Varor. It says Varor’s family and Elkayam signed the framework through a joint company, and reached understandings with Avi Nakash and with the employees’ corporation, Tut, and that Lerner is expected to join them if due diligence leads to a deal.

Alongside potential sale talks, the Nakash family is examining a merger with a publicly listed shell company. That route, if it advances, would involve raising tens of millions of shekels from the public to inject into Arkia, the report said. It remains an exploratory option.

The framework, as reported, would put tens of millions of dollars into Arkia, whose shareholders’ equity deficit the report puts at $50 million to $60 million. Without new capital, the report says, the company could reach insolvency.

The obstacles, as reported

The same report says brothers Joe and Rafi Nakash may put in capital themselves and block the move.

The report put Tut’s stake at 22% of Arkia’s shares, with a veto over who may buy the company. An earlier report this week put the employees’ stake at 20%, down from 30%. The two figures come from separate reports and differ.

On Israir, the report’s assessment is that a deal is unlikely, because Arkia needs capital immediately and Israir would need Competition Authority approval, a process that could take months. Israir has said there is no certainty its examination of Arkia will become a deal.

Earlier this week, Israir was reported to be taking steps toward buying control of rival airline Arkia from the Nakash family, according to a report Wednesday, as Arkia faces reported losses, debt pressure and a dispute with employee shareholders.

Rami Levy, Israir’s controlling owner, did not formally confirm a purchase when asked. “I know there are reports that Arkia is in serious trouble with the workers. Do I want to buy? After I check,” he said in an interview. “Maybe yes, maybe no. Not buying yet. Do you know what it means to buy Arkia? You need the Competition Commissioner’s approval and to examine the business. It is not a simple thing.”

For travelers, airline workers and owners, the question is simple: putting two competitors under one owner could change the choice of flights and the future of jobs.

The proposal would bring together the second- and third-largest carriers at Ben Gurion Airport by the passenger figures cited in the report. Any agreement would still face competition scrutiny, alongside the immediate question of whether a deal can be reached.

A possible deal, not a signed takeover

Israir, controlled by businessman Rami Levy and led by Uri Sirkis, is examining a business with routes to Europe, North America and the Far East. Its own investor website describes a group combining flights with hotels and holiday packages, and an expansion beyond its traditional European and Mediterranean network.

In a statement issued after the initial report, Israir said an approach had been made to the company to examine a purchase of Arkia. It said there was no certainty the examination would mature into a deal, that it was “not a commitment or promise of any kind,” and that any decision would be reported as required by law.

The report also said El Al was examining a possible acquisition, and assessed El Al’s chances of regulatory approval as low because of its much larger position in the Israeli market. That assessment applies to El Al; it does not establish that regulators have decided on Israir’s potential bid.

The Nakash Group, Arkia’s controlling shareholder, said that given the company’s situation under CEO Oz Berlovich, its owners were working to rehabilitate the company and examining alternatives in Israel and abroad, and had appointed group CEO Avi Hurmero to manage the process on their behalf.

Debt pressure meets a shareholder dispute

The report estimated that Arkia lost about $30 million in the first nine months of 2026 and could finish the year with a $50 million to $60 million loss. Those are reported estimates, not company-published financial results.

Arkia expressly cautioned that it is a private company that does not publish financial data and that outside estimates should not be treated as its official figures. It said a sale or merger was a matter for shareholders, while management continued to focus on customers and day-to-day operations.

The earlier report puts the Nakash family’s holding at 80% and the employees’ stake at 20%, down from an earlier 30% after dilution. Workers demonstrated outside the airline’s headquarters Tuesday.

Why routes and competition matter

Beyond the aircraft, an acquisition could give Israir access to Arkia’s workforce and operating network. The report points to scarce airport capacity and potential operating savings as part of the attraction.

But a stronger combined carrier would also mean one fewer independent competitor. That creates a difficult regulatory balance between preserving competition and the financial pressures facing Arkia.

For now, passengers have an acquisition proposal to watch, not a confirmed change to their bookings. Employees and shareholders face a separate question: what any eventual agreement would mean for jobs, ownership and the money needed to keep the airline operating.

JBizNews Desk | New York

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

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An Amazon Echo smart speaker

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Photo: Asivechowdhury / Wikimedia Commons, CC BY-SA 4.0

Amazon has assembled a new home robotics group and is hiring for what job listings describe as a “new-to-world robot product,” signaling a fresh attempt at the household robot market five years after its Astro device never moved beyond an invite-only beta.

Job posts describe the team’s hiring plans. One engineering listing, since removed, described a product able to navigate “dynamic home environments” and operate autonomously “alongside family members.” Another seeks a user experience designer to “define what it feels like to live with a Fauna robot.”

The current listings describe Fauna Robotics as “an Amazon company.” A scientist role focuses on conversation, memory and long-term relationships between robots and users, while a software engineering role covers perception, navigation, motor control, reasoning and human-robot interaction.

Built on Astro’s team and a startup acquisition

Earlier this year, Amazon redeployed much of the team behind Astro and brought in an MIT roboticist to work on the project, according to staff profiles on LinkedIn. In March, it acquired New York-based Fauna Robotics, which became part of a new division called the Personal Robotics Group. Some of the group’s staff previously worked in Lab126, the Amazon research and development unit behind the Kindle, Echo and Fire TV.

Amazon spokesperson Brad Glasser said the company bought Fauna because it is “committed to tackling the challenges that can unlock the personal robotics category,” and that Amazon takes a long-term view on new markets. He said there remains a substantial gap between what works in a controlled lab and what works in a living room, and that Amazon is working with the robotics community to solve those challenges. Glasser said Amazon continues to support Astro customers.

A second run at a hard market

Astro, a $1,450 Alexa-equipped tablet on wheels that can navigate a home, recognize faces and act as a roving security monitor, shipped to only a few thousand customers after its 2021 unveiling. A business version released in 2023 was sunsetted within a year.

The renewed push comes as advances in artificial intelligence have kicked off a new wave of robotics development. Barclays estimated in a January report that the global humanoid robot market, currently valued at $2 billion to $3 billion, could reach roughly $40 billion by 2035. Amazon CEO Andy Jassy named artificial intelligence and robotics among the “biggest inflections of our lifetime” in his latest annual letter to investors.

JBizNews Desk | Seattle

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In 2024, Donald Trump appeared to make inroads with Indian Americans, a traditionally Democratic voting bloc. He won the support of 30% of Indian Americans that year, up from 22% in 2020, according to a report published on Nov. 2 by the Carnegie Endowment for International Peace. Its charts show that up until January of this year, GOP support was increasing among Indian women and men aged 40 and older. 

But two years into Trump’s second term, and those gains vanished ahead of the midterms. Just 19% of the 1,000 Indian American adults surveyed from Oct. 7 to Oct. 27 by Carnegie intended to vote for the Republican in their House district, compared to 62% intending to vote for the Democrat. In Senate races, Democrats held a similar advantage over Republicans at 63% to 21%.

The reversal coincided with the Trump administration’s crackdown on legal immigration through H1-B visa restrictions, increasingly vocal anti-Indian rhetoric from some Republicans, and renewed concerns about the rising cost of living, contributing to the GOP’s declining appeal to even the Indian Americans it began winning over. 

Devesh Kapur, a professor of South Asia studies at Johns Hopkins University who co-authored the Carnegie report, told Fortune that economic concerns drew Indian Americans toward Trump in 2024, when voters were frustrated by inflation and the rising cost of living under Joe Biden.

But those same anxieties, compounded by Trump’s immigration politics and a rise in anti-Indian racism, helped turn Indian American voters away again. 

“It’s a combination of these three factors,” he said. 

A blatant example of what Kapur refers to as the “racist rhetoric in the MAGA crowd” came in September, when Bo French, the GOP candidate for Texas’s railroad commissioner, posted a photo on X of a crowd of South Asian students celebrating a University of Texas at Austin football victory. 

“I heard UT graduation this year looked like this,” French wrote. “I didn’t believe it. The problem is now obviously far worse than anyone imagined.”

While members of his party like Sen. John Cornyn condemned the post, its existence revived Indian Americans’ concern that Republicans don’t fully welcome the community.

Amrita Bhasin, the CEO of AI-powered supply chain platform Sotira, told Fortune that more vocal anti-South Asian rhetoric by political figures pushed away Indian American voters more than changes to immigration policy alone.  

“I actually don’t think the racism is any worse than it was pre-Trump,” she said. “What’s different now is that politicians and people in power feel comfortable saying racist things out loud, specifically about South Asian people.”

In her view, Trump proposing a $103,265 surcharge on companies hiring workers with an H1-B visa in August also played a role. H1-B visa holders generally can’t vote, but Indian Americans may have relatives, friends, or colleagues whose ability to work in the country depends on the program.

Indians represent 71% of all H1-B visa approvals and have a strong presence in tech jobs and other highly skilled professions, so these restrictions send a message that they don’t belong, Bhasin said.  

“I think the H-1B is part of it, but really the H-1B is a symptom of a bigger issue,” she said. “When you see that this work is not being respected in the same way, it feels like the Republicans maybe are not on the side of Indians.”

Religion as another wedge

Republicans have long believed Indian Americans should be receptive to their platform. David Frum, a former speechwriter for George W. Bush, called Indian Americans “natural conservative voters” because of their high incomes, educational backgrounds, and entrepreneurship.

Indian journalist and now Council on Foreign Relations senior fellow Sadanand Dhume penned a 2012 essay for the conservative American Enterprise Institute saying that “interests, values, and history all suggest that the natural political home for Indian-Americans is the GOP.”

But Kapur said the “growing grip” of evangelical Christianity in the GOP has limited its appeal to Indian American voters. The Carnegie report found nearly one in three Indian American Christians (31%) identified as Republicans, compared with 21% of Hindus, 10% of Muslims, and just 8% of those with no religious affiliation. 

“Since the majority are not Christian, that alone becomes a singular sort of impediment,” Kapur said. “There’s no way to get around it.”

The tension over religion surfaced notably in Texas politics. In 2023, Democratic state lawmaker James Talarico pointed to the potential alienation of Hindu students during a legislative hearing on a GOP bill requiring public schools to display the Ten Commandments.

“How do you think it makes a Hindu student feel to have a poster in every classroom that says ‘thou shall not worship any God before me’?’ he asked.

Three years later, Talarico beat GOP candidate Ken Paxton to become the first Democrat to win a U.S. Senate seat in Texas since 1988. In Fort Bend County, which includes the Houston suburb of Sugar Land and its sizable Indian American community, Talarico won 63% of the vote compared with Paxton’s nearly 35%, according to county election returns.

But Indian Americans voting against Republicans in the midterms doesn’t mean they did it out of stronger loyalty to Democrats. About 35% of Indian Americans who planned to vote Democrat in the midterms said they were motivated by opposition to Republicans, rather than support for Democrats, per the Carnegie report. 

“Anger or feeling of antipathy towards the Republican Party was clearly an important factor over and above the support for the Democrat Party per se,” Kapur said.

This story was originally featured on Fortune.com

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In 2024, Donald Trump appeared to make inroads with Indian Americans, a traditionally Democratic voting bloc. He won the support of 30% of Indian Americans that year, up from 22% in 2020, according to a report published on Nov. 2 by the Carnegie Endowment for International Peace. Its charts show that up until January of this year, GOP support was increasing among Indian women and men aged 40 and older. 

But two years into Trump’s second term, and those gains vanished ahead of the midterms. Just 19% of the 1,000 Indian American adults surveyed from Oct. 7 to Oct. 27 by Carnegie intended to vote for the Republican in their House district, compared to 62% intending to vote for the Democrat. In Senate races, Democrats held a similar advantage over Republicans at 63% to 21%.

The reversal coincided with the Trump administration’s crackdown on legal immigration through H1-B visa restrictions, increasingly vocal anti-Indian rhetoric from some Republicans, and renewed concerns about the rising cost of living, contributing to the GOP’s declining appeal to even the Indian Americans it began winning over. 

Devesh Kapur, a professor of South Asia studies at Johns Hopkins University who co-authored the Carnegie report, told Fortune that economic concerns drew Indian Americans toward Trump in 2024, when voters were frustrated by inflation and the rising cost of living under Joe Biden.

But those same anxieties, compounded by Trump’s immigration politics and a rise in anti-Indian racism, helped turn Indian American voters away again. 

“It’s a combination of these three factors,” he said. 

A blatant example of what Kapur refers to as the “racist rhetoric in the MAGA crowd” came in September, when Bo French, the GOP candidate for Texas’s railroad commissioner, posted a photo on X of a crowd of South Asian students celebrating a University of Texas at Austin football victory. 

“I heard UT graduation this year looked like this,” French wrote. “I didn’t believe it. The problem is now obviously far worse than anyone imagined.”

While members of his party like Sen. John Cornyn condemned the post, its existence revived Indian Americans’ concern that Republicans don’t fully welcome the community.

Amrita Bhasin, the CEO of AI-powered supply chain platform Sotira, told Fortune that more vocal anti-South Asian rhetoric by political figures pushed away Indian American voters more than changes to immigration policy alone.  

“I actually don’t think the racism is any worse than it was pre-Trump,” she said. “What’s different now is that politicians and people in power feel comfortable saying racist things out loud, specifically about South Asian people.”

In her view, Trump proposing a $103,265 surcharge on companies hiring workers with an H1-B visa in August also played a role. H1-B visa holders generally can’t vote, but Indian Americans may have relatives, friends, or colleagues whose ability to work in the country depends on the program.

Indians represent 71% of all H1-B visa approvals and have a strong presence in tech jobs and other highly skilled professions, so these restrictions send a message that they don’t belong, Bhasin said.  

“I think the H-1B is part of it, but really the H-1B is a symptom of a bigger issue,” she said. “When you see that this work is not being respected in the same way, it feels like the Republicans maybe are not on the side of Indians.”

Religion as another wedge

Republicans have long believed Indian Americans should be receptive to their platform. David Frum, a former speechwriter for George W. Bush, called Indian Americans “natural conservative voters” because of their high incomes, educational backgrounds, and entrepreneurship.

Indian journalist and now Council on Foreign Relations senior fellow Sadanand Dhume penned a 2012 essay for the conservative American Enterprise Institute saying that “interests, values, and history all suggest that the natural political home for Indian-Americans is the GOP.”

But Kapur said the “growing grip” of evangelical Christianity in the GOP has limited its appeal to Indian American voters. The Carnegie report found nearly one in three Indian American Christians (31%) identified as Republicans, compared with 21% of Hindus, 10% of Muslims, and just 8% of those with no religious affiliation. 

“Since the majority are not Christian, that alone becomes a singular sort of impediment,” Kapur said. “There’s no way to get around it.”

The tension over religion surfaced notably in Texas politics. In 2023, Democratic state lawmaker James Talarico pointed to the potential alienation of Hindu students during a legislative hearing on a GOP bill requiring public schools to display the Ten Commandments.

“How do you think it makes a Hindu student feel to have a poster in every classroom that says ‘thou shall not worship any God before me’?’ he asked.

Three years later, Talarico beat GOP candidate Ken Paxton to become the first Democrat to win a U.S. Senate seat in Texas since 1988. In Fort Bend County, which includes the Houston suburb of Sugar Land and its sizable Indian American community, Talarico won 63% of the vote compared with Paxton’s nearly 35%, according to county election returns.

But Indian Americans voting against Republicans in the midterms doesn’t mean they did it out of stronger loyalty to Democrats. About 35% of Indian Americans who planned to vote Democrat in the midterms said they were motivated by opposition to Republicans, rather than support for Democrats, per the Carnegie report. 

“Anger or feeling of antipathy towards the Republican Party was clearly an important factor over and above the support for the Democrat Party per se,” Kapur said.

This story was originally featured on Fortune.com

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In 2024, Donald Trump appeared to make inroads with Indian Americans, a traditionally Democratic voting bloc. He won the support of 30% of Indian Americans that year, up from 22% in 2020, according to a report published on Nov. 2 by the Carnegie Endowment for International Peace. Its charts show that up until January of this year, GOP support was increasing among Indian women and men aged 40 and older. 

But two years into Trump’s second term, and those gains vanished ahead of the midterms. Just 19% of the 1,000 Indian American adults surveyed from Oct. 7 to Oct. 27 by Carnegie intended to vote for the Republican in their House district, compared to 62% intending to vote for the Democrat. In Senate races, Democrats held a similar advantage over Republicans at 63% to 21%.

The reversal coincided with the Trump administration’s crackdown on legal immigration through H1-B visa restrictions, increasingly vocal anti-Indian rhetoric from some Republicans, and renewed concerns about the rising cost of living, contributing to the GOP’s declining appeal to even the Indian Americans it began winning over. 

Devesh Kapur, a professor of South Asia studies at Johns Hopkins University who co-authored the Carnegie report, told Fortune that economic concerns drew Indian Americans toward Trump in 2024, when voters were frustrated by inflation and the rising cost of living under Joe Biden.

But those same anxieties, compounded by Trump’s immigration politics and a rise in anti-Indian racism, helped turn Indian American voters away again. 

“It’s a combination of these three factors,” he said. 

A blatant example of what Kapur refers to as the “racist rhetoric in the MAGA crowd” came in September, when Bo French, the GOP candidate for Texas’s railroad commissioner, posted a photo on X of a crowd of South Asian students celebrating a University of Texas at Austin football victory. 

“I heard UT graduation this year looked like this,” French wrote. “I didn’t believe it. The problem is now obviously far worse than anyone imagined.”

While members of his party like Sen. John Cornyn condemned the post, its existence revived Indian Americans’ concern that Republicans don’t fully welcome the community.

Amrita Bhasin, the CEO of AI-powered supply chain platform Sotira, told Fortune that more vocal anti-South Asian rhetoric by political figures pushed away Indian American voters more than changes to immigration policy alone.  

“I actually don’t think the racism is any worse than it was pre-Trump,” she said. “What’s different now is that politicians and people in power feel comfortable saying racist things out loud, specifically about South Asian people.”

In her view, Trump proposing a $103,265 surcharge on companies hiring workers with an H1-B visa in August also played a role. H1-B visa holders generally can’t vote, but Indian Americans may have relatives, friends, or colleagues whose ability to work in the country depends on the program.

Indians represent 71% of all H1-B visa approvals and have a strong presence in tech jobs and other highly skilled professions, so these restrictions send a message that they don’t belong, Bhasin said.  

“I think the H-1B is part of it, but really the H-1B is a symptom of a bigger issue,” she said. “When you see that this work is not being respected in the same way, it feels like the Republicans maybe are not on the side of Indians.”

Religion as another wedge

Republicans have long believed Indian Americans should be receptive to their platform. David Frum, a former speechwriter for George W. Bush, called Indian Americans “natural conservative voters” because of their high incomes, educational backgrounds, and entrepreneurship.

Indian journalist and now Council on Foreign Relations senior fellow Sadanand Dhume penned a 2012 essay for the conservative American Enterprise Institute saying that “interests, values, and history all suggest that the natural political home for Indian-Americans is the GOP.”

But Kapur said the “growing grip” of evangelical Christianity in the GOP has limited its appeal to Indian American voters. The Carnegie report found nearly one in three Indian American Christians (31%) identified as Republicans, compared with 21% of Hindus, 10% of Muslims, and just 8% of those with no religious affiliation. 

“Since the majority are not Christian, that alone becomes a singular sort of impediment,” Kapur said. “There’s no way to get around it.”

The tension over religion surfaced notably in Texas politics. In 2023, Democratic state lawmaker James Talarico pointed to the potential alienation of Hindu students during a legislative hearing on a GOP bill requiring public schools to display the Ten Commandments.

“How do you think it makes a Hindu student feel to have a poster in every classroom that says ‘thou shall not worship any God before me’?’ he asked.

Three years later, Talarico beat GOP candidate Ken Paxton to become the first Democrat to win a U.S. Senate seat in Texas since 1988. In Fort Bend County, which includes the Houston suburb of Sugar Land and its sizable Indian American community, Talarico won 63% of the vote compared with Paxton’s nearly 35%, according to county election returns.

But Indian Americans voting against Republicans in the midterms doesn’t mean they did it out of stronger loyalty to Democrats. About 35% of Indian Americans who planned to vote Democrat in the midterms said they were motivated by opposition to Republicans, rather than support for Democrats, per the Carnegie report. 

“Anger or feeling of antipathy towards the Republican Party was clearly an important factor over and above the support for the Democrat Party per se,” Kapur said.

This story was originally featured on Fortune.com

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On the eve of the midterm election, Gov. Kathy Hochul told a Brooklyn crowd how she planned to use New York’s new clout.

“I cannot wait when I call up Hakeem Jeffries and say, ‘Mr. Speaker, I kind of need a few more billions of dollars for New York,’” she said at a rally in Williamsburg, according to THE CITY. “Then I call Chuck Schumer: ‘Mr. Majority Leader, I need a few more billions of dollars for New York State.’ Get used to it, America. Because we’re in charge.”

Less than 24 hours later, Democrats won both chambers of Congress, and if Jeffries and Schumer win their leadership votes come January, two Brooklynites will lead Congress opposite a Queens-born president. For the first time in U.S. history, sons of New York are poised to run both chambers of Congress and the White House.

Hochul, again, come Tuesday night: “Can you imagine New York state having both leaders of both bodies in Congress? Everybody’s going to want to move to New York because we’re the political club of the nation,” per Crain’s reporter Jack Grieve. “Imagine a world where I actually have a Congress, a House and a Senate, that are not fighting me, but working as partners to deliver even more for New York.”

The three men grew up within about 11 miles of one another: President Donald Trump in Jamaica Estates, Queens, and Schumer and Jeffries just a few miles apart in Brooklyn, in Midwood and Crown Heights.

The last time the House and Senate were led by people from the same state was when Texans Sam Rayburn and Lyndon Johnson held the top jobs, respectively, an overlap that ended in 1961. Jeffries would also be the first House speaker from New York state in nearly 160 years, in addition to being the first from New York City and the first Black speaker.

New York came close once. In 2018, after Schumer became the Senate minority leader, Queens Democrat Joe Crowley was the House’s fourth-ranking Democrat and a likely successor to Nancy Pelosi. He also chaired what City & State called arguably the most powerful county committee in the state. Then Alexandria Ocasio-Cortez beat him in a primary and Jeffries succeeded Crowley as chair of the House Democratic Caucus, the post that set him on the path to the speakership today.

New York’s reach in Washington extends beyond just Congress. Two of the nine Supreme Court justices were born in New York City: Sonia Sotomayor in the Bronx and Elena Kagan in Manhattan. Outside of Gotham, Chief Justice John Roberts was born in Buffalo and Federal Reserve Chair Kevin Warsh, who took over the central bank in May, was born in Albany.

So the question now is what can the Big Apple and Empire State reap from the outer-borough love? Is it going to be like how Brooklyn’s own Biggie said in his 1994 instant bop “Juicy,” that the two chambers of Congress will get to “Spread love, it’s the Brooklyn way”?

Or as the Queens-bred 50 Cent said, will the president tell them that he (and potential but improbable White House spox Nicki Minaj) is “from Queens where we are taught to handle beef on our own”?

New York ‘will get its fair share’

Politics aside, it’s all about infrastructure for Gotham City.

At the top of the list of wishes is Gateway, the $16 billion rail tunnel under the Hudson River. The idea dates to 2004 and survived New Jersey Gov. Chris Christie’s cancellation of an earlier version in 2010.

Just last fall, during the government shutdown, Trump froze its funding. “It’s billions and billions of dollars that Schumer has worked 20 years to get—it’s terminated,” he wrote on Truth Social—and then he later suggested he’d restore the money if Penn Station and Dulles International Airport were renamed for him. This past July, a federal judge permanently blocked the freeze.

There’s also Sunnyside Yard, a plan to build 12,000 homes over a Queens rail yard that the mayor’s office says would need more than $21 billion in federal grants. When Trump visited Gracie Mansion in September, the first visit by a sitting president in decades, he and fellow-Queens-rep Mayor Zohran Mamdani discussed the project.

Trump said he’d been watching the site for 35 years. In the 1980s, he floated an arena there for his New Jersey Generals football team. “You’re going to need a lot of federal approvals and probably some federal money to do it,” he told Mamdani in front of reporters, before insinuating that he would be open to giving the city the funds to do it.

New Yorkers also want money for the Second Avenue subway extension, plus relief for the more than 20,000 affected by changes to SNAP and the more than 400,000 facing Medicaid changes. Following Tuesday’s wave, Rep. Gregory Meeks of Queens predicted New York “will get its fair share,” per NY1. Even Mamdani, who seems to have gain favor with the president, said following the midterms that having leaders “from our city and of our city” is “of incredible importance.”

Far cry from ‘Drop Dead’

New York knows what it’s like to lose in Washington. During the city’s 1975 fiscal crisis, the New York Daily News summed up the federal response in a famous headline: “Ford to City: Drop Dead.”

After Hurricane Sandy, the state’s congressional delegation sought about $60 billion in federal aid, and after a very public debate between Ted Cruz and Schumer, was offered just a little more than $27 billion. (Schumer, for his part, following the devastation of Hurricane Harvey in Texas, gave Cruz the funds he requested years later.)

“It definitely would have been different if New Yorkers had been in charge,” Pete King, then a Republican congressman from Long Island, told the New York Times. “If you have to have Democrats in charge, as a New Yorker it’s better to have Schumer and Jeffries.”

Who knows what happens next. In addition Trump, Schumer, and Jeffries, New York has even more muscle to flex: Environmental Protection Agency Administrator Lee Zeldin is a former Long Island congressman; Sen. Kirsten Gillibrand is in charge of the Democratic Party’s Senate campaign arm, and Bronx-and Queens Rep. AOC is weighing a 2028 presidential run or a Senate bid.

Maybe they all do what Ja Rule suggested in his 2004 song and tell the rest of the country: “We from New York.”

This story was originally featured on Fortune.com

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On the eve of the midterm election, Gov. Kathy Hochul told a Brooklyn crowd how she planned to use New York’s new clout.

“I cannot wait when I call up Hakeem Jeffries and say, ‘Mr. Speaker, I kind of need a few more billions of dollars for New York,’” she said at a rally in Williamsburg, according to THE CITY. “Then I call Chuck Schumer: ‘Mr. Majority Leader, I need a few more billions of dollars for New York State.’ Get used to it, America. Because we’re in charge.”

Less than 24 hours later, Democrats won both chambers of Congress, and if Jeffries and Schumer win their leadership votes come January, two Brooklynites will lead Congress opposite a Queens-born president. For the first time in U.S. history, sons of New York are poised to run both chambers of Congress and the White House.

Hochul, again, come Tuesday night: “Can you imagine New York state having both leaders of both bodies in Congress? Everybody’s going to want to move to New York because we’re the political club of the nation,” per Crain’s reporter Jack Grieve. “Imagine a world where I actually have a Congress, a House and a Senate, that are not fighting me, but working as partners to deliver even more for New York.”

The three men grew up within about 11 miles of one another: President Donald Trump in Jamaica Estates, Queens, and Schumer and Jeffries just a few miles apart in Brooklyn, in Midwood and Crown Heights.

The last time the House and Senate were led by people from the same state was when Texans Sam Rayburn and Lyndon Johnson held the top jobs, respectively, an overlap that ended in 1961. Jeffries would also be the first House speaker from New York state in nearly 160 years, in addition to being the first from New York City and the first Black speaker.

New York came close once. In 2018, after Schumer became the Senate minority leader, Queens Democrat Joe Crowley was the House’s fourth-ranking Democrat and a likely successor to Nancy Pelosi. He also chaired what City & State called arguably the most powerful county committee in the state. Then Alexandria Ocasio-Cortez beat him in a primary and Jeffries succeeded Crowley as chair of the House Democratic Caucus, the post that set him on the path to the speakership today.

New York’s reach in Washington extends beyond just Congress. Two of the nine Supreme Court justices were born in New York City: Sonia Sotomayor in the Bronx and Elena Kagan in Manhattan. Outside of Gotham, Chief Justice John Roberts was born in Buffalo and Federal Reserve Chair Kevin Warsh, who took over the central bank in May, was born in Albany.

So the question now is what can the Big Apple and Empire State reap from the outer-borough love? Is it going to be like how Brooklyn’s own Biggie said in his 1994 instant bop “Juicy,” that the two chambers of Congress will get to “Spread love, it’s the Brooklyn way”?

Or as the Queens-bred 50 Cent said, will the president tell them that he (and potential but improbable White House spox Nicki Minaj) is “from Queens where we are taught to handle beef on our own”?

New York ‘will get its fair share’

Politics aside, it’s all about infrastructure for Gotham City.

At the top of the list of wishes is Gateway, the $16 billion rail tunnel under the Hudson River. The idea dates to 2004 and survived New Jersey Gov. Chris Christie’s cancellation of an earlier version in 2010.

Just last fall, during the government shutdown, Trump froze its funding. “It’s billions and billions of dollars that Schumer has worked 20 years to get—it’s terminated,” he wrote on Truth Social—and then he later suggested he’d restore the money if Penn Station and Dulles International Airport were renamed for him. This past July, a federal judge permanently blocked the freeze.

There’s also Sunnyside Yard, a plan to build 12,000 homes over a Queens rail yard that the mayor’s office says would need more than $21 billion in federal grants. When Trump visited Gracie Mansion in September, the first visit by a sitting president in decades, he and fellow-Queens-rep Mayor Zohran Mamdani discussed the project.

Trump said he’d been watching the site for 35 years. In the 1980s, he floated an arena there for his New Jersey Generals football team. “You’re going to need a lot of federal approvals and probably some federal money to do it,” he told Mamdani in front of reporters, before insinuating that he would be open to giving the city the funds to do it.

New Yorkers also want money for the Second Avenue subway extension, plus relief for the more than 20,000 affected by changes to SNAP and the more than 400,000 facing Medicaid changes. Following Tuesday’s wave, Rep. Gregory Meeks of Queens predicted New York “will get its fair share,” per NY1. Even Mamdani, who seems to have gain favor with the president, said following the midterms that having leaders “from our city and of our city” is “of incredible importance.”

Far cry from ‘Drop Dead’

New York knows what it’s like to lose in Washington. During the city’s 1975 fiscal crisis, the New York Daily News summed up the federal response in a famous headline: “Ford to City: Drop Dead.”

After Hurricane Sandy, the state’s congressional delegation sought about $60 billion in federal aid, and after a very public debate between Ted Cruz and Schumer, was offered just a little more than $27 billion. (Schumer, for his part, following the devastation of Hurricane Harvey in Texas, gave Cruz the funds he requested years later.)

“It definitely would have been different if New Yorkers had been in charge,” Pete King, then a Republican congressman from Long Island, told the New York Times. “If you have to have Democrats in charge, as a New Yorker it’s better to have Schumer and Jeffries.”

Who knows what happens next. In addition Trump, Schumer, and Jeffries, New York has even more muscle to flex: Environmental Protection Agency Administrator Lee Zeldin is a former Long Island congressman; Sen. Kirsten Gillibrand is in charge of the Democratic Party’s Senate campaign arm, and Bronx-and Queens Rep. AOC is weighing a 2028 presidential run or a Senate bid.

Maybe they all do what Ja Rule suggested in his 2004 song and tell the rest of the country: “We from New York.”

This story was originally featured on Fortune.com

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On the eve of the midterm election, Gov. Kathy Hochul told a Brooklyn crowd how she planned to use New York’s new clout.

“I cannot wait when I call up Hakeem Jeffries and say, ‘Mr. Speaker, I kind of need a few more billions of dollars for New York,’” she said at a rally in Williamsburg, according to THE CITY. “Then I call Chuck Schumer: ‘Mr. Majority Leader, I need a few more billions of dollars for New York State.’ Get used to it, America. Because we’re in charge.”

Less than 24 hours later, Democrats won both chambers of Congress, and if Jeffries and Schumer win their leadership votes come January, two Brooklynites will lead Congress opposite a Queens-born president. For the first time in U.S. history, sons of New York are poised to run both chambers of Congress and the White House.

Hochul, again, come Tuesday night: “Can you imagine New York state having both leaders of both bodies in Congress? Everybody’s going to want to move to New York because we’re the political club of the nation,” per Crain’s reporter Jack Grieve. “Imagine a world where I actually have a Congress, a House and a Senate, that are not fighting me, but working as partners to deliver even more for New York.”

The three men grew up within about 11 miles of one another: President Donald Trump in Jamaica Estates, Queens, and Schumer and Jeffries just a few miles apart in Brooklyn, in Midwood and Crown Heights.

The last time the House and Senate were led by people from the same state was when Texans Sam Rayburn and Lyndon Johnson held the top jobs, respectively, an overlap that ended in 1961. Jeffries would also be the first House speaker from New York state in nearly 160 years, in addition to being the first from New York City and the first Black speaker.

New York came close once. In 2018, after Schumer became the Senate minority leader, Queens Democrat Joe Crowley was the House’s fourth-ranking Democrat and a likely successor to Nancy Pelosi. He also chaired what City & State called arguably the most powerful county committee in the state. Then Alexandria Ocasio-Cortez beat him in a primary and Jeffries succeeded Crowley as chair of the House Democratic Caucus, the post that set him on the path to the speakership today.

New York’s reach in Washington extends beyond just Congress. Two of the nine Supreme Court justices were born in New York City: Sonia Sotomayor in the Bronx and Elena Kagan in Manhattan. Outside of Gotham, Chief Justice John Roberts was born in Buffalo and Federal Reserve Chair Kevin Warsh, who took over the central bank in May, was born in Albany.

So the question now is what can the Big Apple and Empire State reap from the outer-borough love? Is it going to be like how Brooklyn’s own Biggie said in his 1994 instant bop “Juicy,” that the two chambers of Congress will get to “Spread love, it’s the Brooklyn way”?

Or as the Queens-bred 50 Cent said, will the president tell them that he (and potential but improbable White House spox Nicki Minaj) is “from Queens where we are taught to handle beef on our own”?

New York ‘will get its fair share’

Politics aside, it’s all about infrastructure for Gotham City.

At the top of the list of wishes is Gateway, the $16 billion rail tunnel under the Hudson River. The idea dates to 2004 and survived New Jersey Gov. Chris Christie’s cancellation of an earlier version in 2010.

Just last fall, during the government shutdown, Trump froze its funding. “It’s billions and billions of dollars that Schumer has worked 20 years to get—it’s terminated,” he wrote on Truth Social—and then he later suggested he’d restore the money if Penn Station and Dulles International Airport were renamed for him. This past July, a federal judge permanently blocked the freeze.

There’s also Sunnyside Yard, a plan to build 12,000 homes over a Queens rail yard that the mayor’s office says would need more than $21 billion in federal grants. When Trump visited Gracie Mansion in September, the first visit by a sitting president in decades, he and fellow-Queens-rep Mayor Zohran Mamdani discussed the project.

Trump said he’d been watching the site for 35 years. In the 1980s, he floated an arena there for his New Jersey Generals football team. “You’re going to need a lot of federal approvals and probably some federal money to do it,” he told Mamdani in front of reporters, before insinuating that he would be open to giving the city the funds to do it.

New Yorkers also want money for the Second Avenue subway extension, plus relief for the more than 20,000 affected by changes to SNAP and the more than 400,000 facing Medicaid changes. Following Tuesday’s wave, Rep. Gregory Meeks of Queens predicted New York “will get its fair share,” per NY1. Even Mamdani, who seems to have gain favor with the president, said following the midterms that having leaders “from our city and of our city” is “of incredible importance.”

Far cry from ‘Drop Dead’

New York knows what it’s like to lose in Washington. During the city’s 1975 fiscal crisis, the New York Daily News summed up the federal response in a famous headline: “Ford to City: Drop Dead.”

After Hurricane Sandy, the state’s congressional delegation sought about $60 billion in federal aid, and after a very public debate between Ted Cruz and Schumer, was offered just a little more than $27 billion. (Schumer, for his part, following the devastation of Hurricane Harvey in Texas, gave Cruz the funds he requested years later.)

“It definitely would have been different if New Yorkers had been in charge,” Pete King, then a Republican congressman from Long Island, told the New York Times. “If you have to have Democrats in charge, as a New Yorker it’s better to have Schumer and Jeffries.”

Who knows what happens next. In addition Trump, Schumer, and Jeffries, New York has even more muscle to flex: Environmental Protection Agency Administrator Lee Zeldin is a former Long Island congressman; Sen. Kirsten Gillibrand is in charge of the Democratic Party’s Senate campaign arm, and Bronx-and Queens Rep. AOC is weighing a 2028 presidential run or a Senate bid.

Maybe they all do what Ja Rule suggested in his 2004 song and tell the rest of the country: “We from New York.”

This story was originally featured on Fortune.com

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A bitcoin mining rig

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Photo: Mirko Tobias Schaefer / Wikimedia Commons, CC BY 2.0

Thirty homes and buildings in Finland and the Netherlands are now heated by bitcoin mining machines that earn cryptocurrency while they run, and their Finnish maker says the mining income can cover the entire power bill as long as bitcoin stays above roughly $70,000.

The company, SunBit, delivered its first production “Bitcoin Boilers” in 2025 and now has 30 systems operating, founder and CEO Elmeri Suomi said in an interview published Sunday. Twenty-nine are in Finland, where they have replaced or cut back on gas, oil, wood and district heating, and one unit in the Netherlands replaced gas heating at a commercial property.

How it works

Every kilowatt-hour a mining computer draws comes out as heat. SunBit’s system captures that heat in water at up to 60 degrees Celsius and pushes it through a building’s radiators and floor pipes the way an oil or gas boiler would, while the machine mines bitcoin the whole time it runs. Heat the house cannot use, most of it in summer, is dumped outside through a dry cooler.

The homeowner buys the equipment, pays for the electricity and keeps the bitcoin. Under SunBit’s model, with bitcoin at about $82,000, network computing power at 1,040 exahashes per second and power at about 11 cents per kilowatt-hour, one machine earns slightly more than its roughly $5,200 annual power bill, making the heat effectively a free by-product of mining. Bitcoin traded near $81,500 as of U.S. morning hours Friday, and SunBit puts the break-even for covering the power bill at just under $70,000, a figure that does not include the cost of the system itself.

Not exactly free

The equipment is a real outlay. SunBit’s own pricing lists the heating system at 14,500 to 22,300 euros plus VAT depending on the property and equipment choices, with the mining hardware priced on order, about $20,000 or more all told according to the report. Suomi puts the payback period at three to six years through mining income.

That timeline runs into a built-in deadline: bitcoin’s next “halving,” expected in spring 2028, will cut the new coins awarded to miners from 3.125 to 1.5625 per block. SunBit’s payback calculator does not factor in the halving because the company declines to predict prices or network difficulty, Suomi said, adding that it explains the event to every customer. Holding the company’s own assumptions fixed, a miner-heated home would keep its free heat after the halving only if bitcoin trades above roughly $131,000.

Oil is easy to beat, heat pumps are not

Against heating oil, the math can work: replacing a typical 2,300-liter-a-year oil habit could eliminate a roughly $5,000 fuel bill. A heat pump is a tougher rival, delivering 2.5 to 3 kilowatt-hours of heat per kilowatt-hour of electricity while a miner delivers exactly one. The miner’s edge comes only from mining revenue, which rises and falls with bitcoin’s price and mining competition. Suomi argues winter is where a miner pulls ahead, since its output does not drop in extreme cold the way an air-source heat pump’s efficiency does.

JBizNews Desk | Helsinki

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An airplane wing seen from a passenger window at sunset

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Booking a Thanksgiving flight with frequent flyer miles will cost travelers 32 percent more than it did last year, with the average one-way award ticket between large U.S. airports running nearly a third higher than the 2025 holiday, according to data from the redemption search site Seats.aero.

The figure measures award redemptions, not cash fares. The increase reflects the dynamic pricing systems carriers now use, in which the number of miles required for a seat moves with demand, the route and other factors rather than following a fixed chart.

What is pushing the price up

Limited seat capacity, strong travel demand and expensive jet fuel have raised travel costs. Jet fuel has surged since the U.S. and Israel attacked Iran on February 28 and eaten into airline profits. Carriers have passed costs along to consumers where they can, and airline executives said last month that demand remains strong even as fares climb.

The mileage jump lands on top of cash fares that have hit a ten-year high for the Thanksgiving and Christmas travel season, squeezing travelers whether they pay with money or points.

Where it stings most

Among the most expensive routes for award tickets this Thanksgiving is a nonstop between New York and Houston, while longer routes, including flights from Hawaii, also top the list. Even the cheapest award itineraries cost more than last year: the short hop from Tulsa, Oklahoma, to Dallas Fort Worth International Airport is among the least expensive options and still runs higher than it did for the 2025 holiday.

For households that saved miles expecting a free holiday trip, the practical effect is that the same points now buy less.

JBizNews Desk | New York

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The New York Stock Exchange on Wall Street

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Investors head into the new week on unsteady footing after a sharp selloff in technology stocks, with a key inflation reading due Tuesday morning and earnings from three companies at the heart of the artificial intelligence trade later in the week.

The tech-heavy Nasdaq closed Thursday nearly 12 percent below its October 6 record high, past the 10 percent line that marks a correction, as worries spread that Democratic victories in the midterm elections could slow the buildout of AI data centers. Tech stocks led a modest rebound Friday, but the major indexes still finished the week lower, according to a Wall Street week-ahead report. The S&P 500 remains up nearly 8 percent for the year.

Tuesday: the October inflation report

The Bureau of Labor Statistics releases the consumer price index for October on Tuesday, November 10, at 8:30 a.m. Eastern, the most closely watched inflation gauge. The number lands at a sensitive moment: the Federal Reserve held rates steady at its last meeting after raising them in September for the first time in three years, and traders are pricing roughly an 80 percent chance of another hike at the December 8 to 9 meeting, according to LSEG data cited in the report.

Why it hits your wallet: a hotter-than-expected reading strengthens the case for a December rate hike, which feeds directly into credit card rates, car loans and mortgages. A softer number could ease that pressure and steady retirement accounts still rattled by the week’s swings.

Tuesday after the close: CoreWeave

CoreWeave, the AI cloud provider whose fortunes are tied directly to data-center demand, reports third-quarter results Tuesday at 5:00 p.m. Eastern. With the AI trade at the center of both this year’s rally and last week’s selloff, its numbers will be read as a real-time check on whether the buildout is still accelerating.

Thursday: Applied Materials and Cisco

Chip-equipment maker Applied Materials reports its fourth-quarter and fiscal-year results on Thursday, November 12, offering a look at how much semiconductor makers are spending on new capacity. Cisco reports first-quarter fiscal 2027 results after the market closes the same day, a window into corporate and data-center networking spending.

Together, the three reports will show whether the companies building and supplying the AI boom are still seeing the demand that carried markets this year. Thursday’s selloff was the sharpest in more than six years for both the S&P 500 technology sector, down 7.3 percent, and the Philadelphia semiconductor index, down more than 12 percent, so the bar for reassurance is high.

For households, the stakes are simpler than the ticker symbols: the inflation number shapes what borrowing costs, and the earnings reports shape whether the retirement savings parked in index funds keep their footing.

What CPI means for your bills

The consumer price index measures how prices change for a basket of everyday goods and services, from groceries and gasoline to housing and medical care. It is an average, not a forecast of your next bill. A family that drives a lot or spends more of its income on rent can feel a different squeeze from the national number because its spending mix is different.

The details matter as much as the headline. In the latest available report, for September, consumer prices rose 0.6 percent from August after seasonal adjustment and 3.7 percent from a year earlier before seasonal adjustment. Gasoline rose 9.1 percent over the month and accounted for more than half of the monthly increase. Shelter rose 0.4 percent, while grocery prices, measured by the food-at-home index, fell 0.1 percent. Those are September results, not October results or a prediction of what happens next.

For a household budget, a slower inflation rate means prices are rising more slowly; it does not by itself mean the grocery basket or the rent has become cheaper. Tuesday’s report will show whether the measured prices rose or fell during October. It will not set a landlord’s next rent charge or a gas station’s price tomorrow. The report also separates food and energy from other prices so readers can see whether changes are concentrated in those everyday expenses or spread more widely.

The BLS calendar lists October CPI and real earnings for Tuesday, November 10, at 8:30 a.m. Eastern, Veterans Day on Wednesday, November 11, and October producer prices for Friday, November 13, at 8:30 a.m. Eastern. The producer price index measures changes in selling prices received by domestic producers, rather than the prices households pay. It is a different view of prices, not a promise that a particular grocery item will cost more or less.

JBizNews Desk | New York

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A Siberian burial mound from the ancient Scythian culture dating to 2,800 years ago has yielded the oldest-known evidence for the use of cannabis for its mind-altering effects, with scientists finding its seeds among the grave goods and human hair bearing its chemical signatures inside the tomb.

Researchers said the evidence was unearthed in a monumental burial structure, around 460 feet in diameter, located in the Uyuk Valley of Russia’s remote Republic of Tyva. The tomb in southern Siberia was the last resting place of high-ranking members of Scythian society, known for its expertise in horseback warfare and gold craftsmanship, and its relatively nomadic lifestyle across the Eurasian steppe.

Cannabis is a versatile plant that has been used and domesticated for thousands of years not only for psychoactive purposes, getting high, but also for its fiber and oilseed production. It is one of today’s most commonly used intoxicants. But figuring out the history of its psychoactive use has been difficult because of the perishable nature of plant remains.

“There is a lot of speculation about the use of psychoactive drugs in the past, but very rarely do we find concrete evidence and can actually confirm that a plant was consumed for this purpose,” said archaeologist Gino Caspari of the University of Bern in Switzerland and the Max Planck Institute of Geoanthropology in Germany, who led the study published in the journal Science.

“The reason for this is that plant matter and human soft tissue rarely survive, and even rarer is their preservation in the same context. Our study shows the earliest direct evidence of psychoactive cannabis consumption,” Caspari said.

An aerial view of an ancient Scythian burial mound, in the Valley of the Tsars, the Republic of Tyva, south of Siberia, Russia in this handout image released on November 5, 2026. (credit: Frozen Corpses Golden Treasures, T.Wallace & G. Caspari/Handout via REUTERS)

This conclusion is underscored by the fact that the discovery comes in the context of a burial site and elaborate funerary rituals. The site predates the oldest previous evidence from the first millennium BCE for mind-altering use of cannabis such as evidence of implements in which it was burned from the Middle East and the Pamir Mountains in Central Asia.

The researchers recovered more than 1,400 cannabis seeds associated with burials inside the Siberian tomb, and used a scientific dating technique to trace their age to the early 8th century BCE.

“Things of value in the world of the living often made it into the burial context as an offering in this region,” Caspari said.

 Evidence found in hair braids

Chemical analysis of braids of hair from the bodies of several people found in the central burial chamber identified chemical signatures consistent with THC, the psychoactive compound in cannabis, and traces of cannabinol, a compound related to THC.

“The human body does build cannabis-related molecules like THC and CBD into the hair. That’s how drug tests work,” Caspari said. “We cannot really say how they consumed it based on the hair alone, but considering later evidence in the region it seems likely that it was inhaled.”

The burial mound was constructed using larch tree logs and clay, and the entire assemblage is encased in thousands of tons of stones. The researchers recovered items inside crafted in an artistic form called the Scythian animal style, as well as a number of unusual gold objects.

A preserved human hair braid dating to about 2,800 years ago at the site of an ancient Scythian burial mound, in the Valley of the Tsars, the Republic of Tyva, south of Siberia, Russia in this handout image released on November 5, 2026.  (credit: Frozen Corpses Golden Treasures, T.Wallace & G. Caspari/Handout via REUTERS)

On the mound’s surface, Caspari said, the Scythians apparently performed animal sacrifices of dozens of horses and probably also of people, considering the scattered human bones found among the remains.

“Finding cannabis in a large burial already indicates that this has to be seen in a ritual context. We have found that both animal and human sacrifices might have been built up on the surface of the mound in the form of a spectral cavalcade. Propped up on stakes, the horses and dead riders would feature as a display of extreme social power within the steppe communities,” Caspari said.

Cannabis seeds in good state of preservation

The Scythians came into contact with rich cultures of their time including ancient Greece, as documented by 5th century BCE historian Herodotus.

“Herodotus described the spectral cavalcade ritual but we were always quite hesitant to believe his writings, as he tends to drift into the fantastic. After finding the remains in southern Siberia, we know that at least some of his descriptions about the steppe peoples had some truth,” Caspari said.

The seeds discovered at the site were in a good state of preservation.

“This is where it gets even more exciting. We have started sequencing some of the seeds, and we have really well-preserved DNA,” Caspari said. “That’s even rarer than having plant remains themselves, and it is currently the oldest cannabis DNA known. I think over the coming years we will be able to add details and partially rewrite the domestication history of this important crop.”

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The Kinneret‘s water level rose by just one centimeter over the weekend after record rainfall hit central and northern Israel, reaching 213.70 meters below sea level on Sunday, the Water Authority announced, with the lake still 39 centimeters lower than at the same time last year.

Water Authority spokesperson Itay Dudi said approximately 20 millimeters of rain fell over the lake during the weekend, while the flow of the Jordan River stood at six cubic meters per second.

“The effect of the rain on the river is still small to negligible,” Dudi said, adding that most of the rainfall from the current weather system was concentrated along Israel’s coastal plain, particularly in the south.

Dudi added that, “Over the past decade, there were three winters with worse figures: Exactly one decade ago, the water level was 3 cm higher than it is today.”

According to additional figures released by the Water Authority, the lake’s current level is among the lowest recorded for November 8 over the past decade. In 2017, the water level was 58 centimeters lower than today, while in 2018, it was 94 centimeters lower.

Israelis enjoy at the Kinneret, the Sea of Galilee, in northern Israel, during the Sukkot holiday, on October 13, 2025. (credit: MICHAEL GILADI/FLASH90)

Kinneret water levels affected by desalination disruptions

The latest figures follow a decline in the Kinneret in September, when disruptions at Israel’s desalination plants forced authorities to pump more water from the lake to maintain the country’s supply.

As The Jerusalem Post previously reported, an algal bloom crisis forced desalination plants in southern Israel to shut down for nearly two weeks, prompting authorities to draw about 3.3 million cubic meters of water from the lake over 10 days.

During that time, the Kinneret’s water level dropped by 10 centimeters, reaching 213.50 meters below sea level on September 9, its lowest level for that date since 2018.

The disruptions also temporarily reversed Israel’s recent approach to managing the lake. In recent years, the Reverse National Water Carrier project has transferred desalinated water into the Kinneret to replenish the reservoir.

By September 10, all six desalination plants had resumed operations, although only the Hadera facility was operating at full capacity, while the remaining plants reportedly operated at about half capacity.

Eli Ashkenazi contributed to this report.

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Dutch Bros CEO Christine Barone can do more than steer a $7.5 billion coffee chain—she can also hold her own behind the store counter. Like all other top leaders at the beverage giant, she embarked on a two-week bootcamp to learn the ropes of being a “broista.” And the chain’s workers weren’t afraid to call her out on mistakes. 

“As I trained, people knew I was the CEO, and our teams would always point out when I was doing something wrong,” Barone tells Fortune. “That is one of the magical signs of a great culture that I need to make sure I build upon, because when my team cares so much about the customer that they’re going to tell the CEO that they were doing something wrong, I love that.”

The executive’s beverage training is part of the company’s “growth from within” model. Dutch Bros staffers, from store owners to senior managers, have been put through the course for years to understand the hard work of the chain’s 25,000 broistas churning out drinks. During the training, leaders complete six shifts of hands-on shop training, sharpening their hospitality skills, perfecting drink orders, and learning how to deliver on the values of speed, quality and service.

The chain says they witness first-hand how customer connections are made, and learn how to perfect drinks including the popular Golden Eagle coffee, so that everything tastes the same on Monday as it does on Wednesday. At the end, Dutch Bros leaders have to pass a “Flow” test, with questions ranging from drink recipes and company history to shop operations and culture. And the brand is serious about its standards; those who don’t pass have to retake the test.

Barone says the broista bootcamp reflects the vision of Dutch Bros’ founders: brothers Travis Boersma and the late Dane Boersma, who named the company in honor of their grandparents who immigrated from the Netherlands. Aside from gaining technical and hospitality expertise, she says the training nurtures “compelling futures” at the company, and lights a path for employees to work themselves up the chain of command. 

“As we rolled it out to the more broader team across HQ, we were very thoughtful about making sure our marketing teams went through the training, especially the folks who are helping to design and make beverages,” the CEO explains. “Just thinking through: What are all those decisions we’re making that touch where the customer interaction is? And how do we ensure that everyone who is designing programs for our teams, or designing marketing programs, or designing new beverages, really understands what the shop environment feels like?”

How Dutch Bros has kept a strong culture as it grew into a $7.5 billion coffee giant

After Starbucks and Dunkin’ Donuts, Dutch Bros is the third-largest coffee chain in the U.S. by sales and number of locations—and a huge hit among Gen Zers. But before ascending the caffeine mountaintop, the business was a humble roadside operation. 

Their family dairy business was struggling, forcing the Boersma brothers to sell their cows and consider a new venture.

Their coffee business started off with a pushcart and 100 pounds of coffee beans back in 1992, with the brothers slinging espresso by the railroad tracks of Grants Pass, Oregon. Friends, relatives, and loyal customers kept their dream alive as the business grew. In 1994, their pushcart was upgraded to a drive-thru stand; and just two years later, they had expanded to six locations. The first Dutch Bros franchise opened for business in 2000. 

The brand is known for its high-energy service and sugary drinks, which have since made their way to high school classrooms and office cubicles across the country. By 2018, it was already at 300 locations and employed 9,000 staffers, then private equity TSG Consumer Partners acquired a minority stake in Dutch Bros to grow it even more. 

The years following were marked by major milestones, including going public, surpassing $1 billion in revenue, and beefing up its store count. Dutch Bros reported record-breaking revenue of $1.64 billion in 2025, up 27.9% year over year. And now, the brand boasts 37,000 systemwide employees and 1,273 Dutch Bros locations across 27 U.S. states. It hopes to grow its store footprint to 2,029 by 2029.

It can be difficult for businesses to preserve their home-grown culture as headcounts balloon, operations spread out, and outside investors get into the mix. One way to preserve it may be getting leaders to experience the business from the ground floor. The Dutch Bros CEO says that it has operators—a store or market leader responsible for running location operations—start off their career on the coffee line before moving up and into new markets. And as they advance into leadership and expand the number of locations they’re managing, they understand front-line issues and are skilled in building tight community connections. 

“They’ll manage a region, so they’ll have their own set of shops that they’re managing. So why is that important?” Barone says. “Understanding this is the business that we’re in, and so when you have lived it yourself, your ability to understand where others on your team are starting from, you understand what that customer service feels like. That is important.” 

Barone says that a “large number” of workers at HQ started off as broistas, enabling senior staffers to make decisions “through the right lenses.” That firsthand experience helps employees develop a sense of empathy that extends from the boardroom to the coffee counter—and serves them whether they stay at Dutch Bros, or choose to go elsewhere.

“When we’re great at hospitality, the definition for me is almost the ability to think through how someone else will experience something, more so than ourselves,” Barone says. “It really is great to be able to be empathetic…I think it’s a great skill if folks come up with us, or if they go and choose to do something else.”

This story was originally featured on Fortune.com

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Faculty and university staff members report being bullied in two ways: by their colleagues and supervisors, and by their students over grades, according to an international study I conducted with colleagues Zahra Moradi and Deborah Circo.

Researchers define workplace bullying as harmful acts of mistreatment between people that go beyond incivility and cross the line to intentionally cause harm. In other words, it’s behavior any reasonable person would know isn’t OK.

Junior faculty and staff faced more workplace bullying from peers. Faculty members and staff who are Black, Indigenous or people of color were targeted more frequently.

Senior faculty were more likely than younger educators to report being bullied by students over grades. Although bullying usually runs down the chain of power – for example, from a boss to an employee – grade bullying flips that. Researchers call it contrapower harassment – when someone with less formal power targets someone with more.

More than 30% of adult workers in the U.S. and Canada experience bullying, harassment and sexual abuse in the workplace at any given time, harming both individuals and organizations.

That rate is more than double in academia, where bullying rates are as high as 68% at some institutions, far exceeding those in general workplaces and aligning with high-stress fields like emergency services, according to our peer-reviewed findings published in the October 2026 Journal of Multidisciplinary Research and Practice.

Why it matters

Academic bullying undermines both the well-being of staff and faculty and the integrity of higher education institutions.

Thirty percent of our survey respondents reported that students pressured them for a better grade. Students’ tactics included threatening grade appeals, malicious complaints, negative online reviews, emotional manipulation and intimidation. Women and minority faculty are particularly affected. Over time, the bullying creates a toxic environment that damages relationships between faculty and students and hurts the quality of education for everyone.

Such pressure could result in mental health issues like anxiety and depression, decreased job satisfaction and reduced productivity. These dynamics not only affect individual faculty members but can also lead to long-term damage to the reputation of institutions and negatively impact students’ educational experiences.

How we did our work

We surveyed 189 faculty and staff at colleges and universities in Canada, the U.S. and U.K.

Anonymous respondents reported how often they’d faced 22 common forms of mistreatment from colleagues and supervisors. A separate set of questions asked about pressure from students over grades.

The most common issues related to colleagues weren’t shouting or threats. They were easier to dismiss: unmanageable workloads, withheld information and impossible deadlines.

Pressure from students over grades was reported more frequently than bullying from colleagues.

What still isn’t known

Gaps remain in understanding the root causes of bullying of faculty.

Studies that follow the same faculty over several years could show how grade bullying builds over time, and whether it pushes people to leave or lose trust in their institutions. One likely pattern is that grade bullying escalates when it works, wearing faculty down until they either give in or leave their jobs.

Researchers need to test what actually works to stop bullying, and whether those fixes hold up at different kinds of colleges and universities.

Bigger studies would help. So would sitting down with faculty and hearing their experiences in their own words to add context that a survey can’t capture.

Future research could also explore interventions to mitigate bullying and measure their effectiveness across diverse educational contexts.

Bullying at work is a form of violence. The harm is psychological rather than physical, but it’s real. Change starts with higher standards of conduct for everyone, from first-year students to senior administrators and leaders committed to enforcing respectful rules.

The Research Brief is a short take on interesting academic work.

Jason Walker, Associate Professor of Psychology, Health and Wellness, Adler University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

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A Marvell chip

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Photo: ZyMOS / Wikimedia Commons, CC BY-SA 4.0

Eran Heruti, chief executive of Marvell Israel, said in an interview published Sunday that the chipmaker’s forecasts are anchored in binding customer commitments rather than market enthusiasm, and that demand for artificial intelligence infrastructure now exceeds supply by several multiples.

Speaking at the “Seeing Beyond the Trend” conference, Heruti, who also serves as vice president of engineering for the company’s Cloud Switch business unit, addressed last week’s sharp selloff in chip stocks, in which the sector index fell 12 percent and Marvell shares dropped 16.4 percent in a single day.

“We report a forecast based on customer commitments, actual orders,” Heruti said. “What characterizes the market is that demand exceeds supply by several multiples.” He attributed the decline in part to uncertainty surrounding the U.S. midterm elections and what they may mean for the scale and timing of hyperscaler capital spending on data centers and AI.

Revenue rising on data center demand

Heruti cited company revenue of $8.2 billion last year, of which $6.1 billion came from the data center business, and said he expects about $12 billion this year and $20 billion next year, of which $18 billion would come from data centers. He stressed that the trajectory reflects a deliberate, decade-long strategic build rather than riding a passing wave.

Marvell, an American company that has operated in Israel since the 2000s and acquired the Israeli chip startup Galileo at the height of the second intifada, develops custom chips, largely for connectivity and for components tailored to hyperscalers. It currently trades at a market value of about $127 billion.

AI will deliver, pace may change

“I have no doubt that the AI revolution will realize its technological potential,” Heruti said, placing it in a line of past transformations from personal computing through the internet, mobile, data and cloud. He acknowledged, however, that regulation of AI technology could affect the pace at which hyperscalers invest, which would directly affect the company’s revenue. “I am convinced the projected capital spending will materialize, but the timing data can change,” he said.

On concerns that the sector is in a bubble, Heruti noted that operating profit is positive at most players, that valuations are growing in line with revenue growth, and that net debt relative to EBITDA remains low. “The market judges them by very strict financial models, and so far they have met them successfully,” he said.

The optical bet

Heruti described optical interconnect technology as the strategic basis for Marvell’s agreed acquisition of Lumentum. Training and running AI models, he explained, requires linking tens of thousands to hundreds of thousands of processors, and the connections between them are a decisive component of performance. Copper-based connectivity is limited in distance, he said, and the penetration of optical technology is gaining momentum.

In the AI infrastructure chip market’s three categories of computing, memory and connectivity, he said, Marvell becomes the leading connectivity player following the deal, though it is “not yet in a position to fight Nvidia.” He added that Nvidia chief Jensen Huang had complimented Marvell’s CEO, calling it “the next trillion-dollar company.”

Asked why Israel has not produced a thriving domestic chip industry, Heruti pointed to the hundreds of millions of dollars in sustained investment required and the limited ability to keep pace with hyperscaler spending, while praising local talent and singling out Mobileye and Q.ai, which was sold to Apple, as exceptional success stories.

JBizNews Desk | Tel Aviv

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