The tech trade has handed investors both big gains and big worries. On Wednesday, Aisa Ogoshi, a managing director and Asia Pacific equities portfolio manager at JPMorgan Asset Management, told Bloomberg Television that the rally still has room left, even after a long stretch that has packed an unusual share of the market’s value into a small handful of companies.

Ogoshi did not downplay the danger. The biggest risk in the market right now, she said, sits inside the tech trade itself, because so much money is riding on so few names. When a small group of stocks carries the whole market higher, a stumble by any one of them can pull everyone down with it. That kind of concentration is exactly what makes experienced investors nervous.

Even so, she sees more room to climb. The next stretch of gains, in her view, runs through what she called the AI data center supply chain — the businesses that build, power, and connect the massive computing hubs that artificial intelligence depends on.

Here is what that means in plain terms. Every time a company rolls out a new AI tool, that tool has to run somewhere. It runs inside data centers, which are warehouse-sized buildings packed with specialized computers. Those buildings need chips to do the thinking, electricity to keep the machines running, cooling systems to stop them from overheating, and networking gear to tie everything together. Each of those pieces is a business, and many of them are publicly traded.

The spending behind all this is enormous. The group of giant technology companies often called the Magnificent Seven — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla — is on track to spend roughly $527 billion on AI and data center projects in fiscal 2026, well above earlier estimates. Looking further out, total spending on data center infrastructure worldwide is expected to approach $1 trillion annually by 2030.

That wave of money is the heart of Ogoshi’s argument. The household-name tech stocks have already climbed a long way, and many now trade at rich valuations. But the suppliers further down the chain — the firms selling power equipment, cooling systems, network switches, and chips — stand to keep collecting orders as long as the building boom continues.

Nvidia, the chip designer at the center of the AI boom, remains the most direct way to bet on that demand, with a market value north of $4.5 trillion. Beyond it sit less famous names that still play essential roles. Vertiv makes the power and liquid-cooling systems that keep dense racks of computers from overheating. Arista Networks sells the high-speed switches that move data inside AI clusters, with customers that include Meta and Microsoft. Neither company is a household name, but both benefit whenever a new AI data center comes online.

The reason Ogoshi points beyond the obvious winners is straightforward. Betting everything on a single famous stock concentrates risk in one company, one product line, and one valuation. Spreading investments across the broader supply chain gives investors a way to participate in the AI buildout without relying entirely on the most crowded trade in the market.

Ogoshi also weighed in on Japan, where she spends much of her time as an Asia-focused portfolio manager. The Bank of Japan raised its benchmark interest rate to 1% from 0.75% at its June 15–16 meeting, continuing its gradual move away from years of near-zero borrowing costs. The central bank has been tightening policy as inflation remains above its 2% target, supported by a weaker yen and elevated energy prices.

Rising rates in Japan matter far beyond Tokyo. For years, Japan’s ultra-low rates made it a popular place for global investors to borrow money cheaply and invest elsewhere. As Japanese rates rise, that equation changes, potentially affecting capital flows and investment decisions worldwide.

For everyday investors, the takeaway from Ogoshi’s comments is less about chasing the latest hot stock and more about understanding where AI spending is actually going. The software gets the headlines, but the money is increasingly flowing into physical infrastructure — buildings, power systems, networking equipment, cooling technology, and advanced chips.

That does not eliminate the risk she highlighted. A market leaning heavily on a handful of technology giants can reverse quickly if AI investment slows or if one major player disappoints investors. But for now, Ogoshi’s message is that the trend remains intact, and that some of the best opportunities may lie one step behind the biggest names grabbing the spotlight.

As AI adoption continues to accelerate, the companies supplying the infrastructure that powers it may become some of the most important — and potentially most profitable — businesses in the market.

Wall Street – JBizNews Desk

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

Thirty-seven years ago, a slightly skinnier version of myself entered the Israeli Security Zone in South Lebanon with my Givati platoon. We were all geared up with state-of-the-art tactical battle equipment of the day. 

Being the platoon’s combat medic, in addition to my weapon, helmet, flak jacket, heavy tactical vest, ammunition, and grenades, I had a lot of medical equipment, anti-mine shoes, and a portable stretcher on my back. 

Before we set out on our daily patrols and nightly anti-terrorist ambushes on the other side of the international border, whatever our mission briefing was, it always ended with the same mantra: “Our mission is to defend the northern settlements (from Hezbollah terrorists).”

My 20-year-old self would have been incredulous to learn that, almost four decades later, I am in the same place, with the same mission statement. Despite the intervening years, nothing seems to have changed. It is a depressing situation. 

I see young men and women in my PALMAR medical extraction unit who are not much older than I was the first time I was in Lebanon. The thought that they will be there in another four decades is a grim one.

I would also not have thought when I fought to reenlist in the IDF after the October 7 massacre – thus becoming the oldest combat medic in the IDF – that I would still be serving on an emergency call-up almost three years later, with Hamas still in power in an albeit reduced area in Gaza and Hezbollah – despite being weakened – still calling the shots in Lebanon.

I distinctly remember the feeling of waiting on an ambush in Lebanon. It felt like a game of Russian roulette. 

Many thoughts went on in our heads as we lay for hours in enemy territory protecting our northern border, chief of which was “Will it be our turn tonight to fight the Hezbollah terrorists attempting to infiltrate our homeland to leave a trail of murder and destruction?”

In today’s Lebanon, the troops have a similar feeling when wondering if they will encounter the still unsolved problem of fiber-optic first-person view (FPV) explosive drones.

I attended my first funeral during this time. I remember the sea of purple berets and the bereaved siblings, parents, and grandparents as if it were yesterday. Psychologists refer to this as a “reverse-order death.” In a normal world, children are supposed to bury their parents, not the other way round. 

Nothing seems to have changed, as every week we are still losing our best. As Billy Joel observed, “only the good die young.” This is not even factoring in the many wounded soldiers who my unit treats on an almost daily basis, whose lives will never be the same again. For what?

We never seem to be able to win a war. As Matti Friedman observed, a war needs to have a clear strategic goal to succeed. We are still fighting Hezbollah, which is still entrenched in every element of Lebanese society. We don’t know what victory looks like.

The North has been largely abandoned since October 7. Tens of thousands of residents are still unable, or do not want, to return home. We face the grim reality that this war of attrition seems to be never-ending. 

Israel is the only country that is not allowed, by its “allies,” to win a war. What is it all for, if we are not allowed to win this war?

The writer, currently stationed in Lebanon, is the oldest combat medic in the IDF. His latest book, Heroes of Palmar, How One IDF Unit Revolutionized Combat Medicine in Gaza, is available on Amazon and from Gefen Publishers.

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Travelodge has not been able to determine how a “free Palestine” message appeared on the room TV screen of a Jewish guest, the hotel chain told The Jerusalem Post on Thursday.

During the first week of June, a visibly Jewish man found “Free Palestine” on the TV in his Travelodge room in London Manor House, in London. 

A video he took of the TV soon went viral on social media, especially after he reported being met with hostility by a staff member at the front desk, who refused to look at him or properly serve him.

Travelodge close to concluding ‘robust internal investigation’

Travelodge told the Post on Thursday that it is very close to concluding a “robust internal investigation” into the incident, but has not been able to determine how or when the message was put on the TV.

It confirmed that the CEO has spoken with the guest to express apologies for the experience. 

“We have also been engaging closely with leaders and groups within the Jewish community to reiterate our absolute zero-tolerance stance on antisemitism and any form of discrimination and our commitment to ensuring that the Jewish community feels safe and welcome at all of our hotels,” the hotel added. 

“We have treated this incident very seriously from the outset as there is no place for antisemitism in this country and we took action immediately to address this.”

A source told the Post that the hotel reached out to Antisemitism Policy Trust shortly after the incident and is in discussions with them about training on antisemitism in the business.

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A global conspiracy of “Jewish supremacists” is preventing a Los Angeles man from attending the Tuck School of Business at Dartmouth College, according to a lawsuit filed in the US District Court in Concord.

The plaintiff filed his lawsuit under the John Doe pseudonym to protect himself from the supposedly deadly conspirators. But that could change. On Friday, Judge Stephen McAuliffe ruled that there is no compelling legal reason to allow the lawsuit to proceed anonymously.

“Doe does assert that his physical safety will be threatened if he is not allowed to proceed pseudonymously because ‘Jews commonly harm or murder their opposers.’ But, those allegations, unsupported by any particularized evidentiary showing, are, to put it charitably, not credible,” McAuliffe wrote.

Doe’s original complaint against Dartmouth claims he was rejected from the business school despite having good grades. He is, of course, representing himself.

“Plaintiff applied with a GMAT test score higher than 99% of test-takers and higher than approximately 95% of 2024’s entering class. Plaintiff applied with an undergraduate GPA within the normal range of admitted students and a long career of impressive and unique accomplishments. Despite Plaintiff’s outstanding qualifications, Dartmouth notified Plaintiff on May 2, 2024, that his application for admission was denied,” Doe states.

Doe claims he was rejected for being white

The obvious reason for the rejection, according to Doe, is that he is a White gentile.

“Nearly all ‘White’ students at Dartmouth, including the business school, are Jews. Non-Jewish Whites are nearly completely excluded from admission unless they meet a few criteria that are not required of Jews or non-Whites: they must be female, they must be queer, or they must be veterans of the US armed forces,” Doe claims.

Doe’s complaint against Dartmouth is rife with antisemitic, unfounded claims: Jews oppressed and enslaved the ancient Egyptians; the Holocaust is fictional; Jews committed genocide against Germans during World War II; and Jews murdered President John F. Kennedy.

Notably, Doe is suing other prestigious business schools that rejected him. Doe has a lawsuit against Harvard University and the University of Pennsylvania’s Wharton School of Business. All of Doe’s complaints blame “Jewish supremacists” for his failure to get into an MBA program.

Dartmouth declined to respond to a request for comment.

Does claims ‘HR Jews’ would impede future job search

As in his lawsuit against Dartmouth, judges in the other cases have ruled he cannot pursue his lawsuits and remain anonymous, which Doe claims puts his career and life in danger due to the number of powerful Jews around the world.

He wrote that “HR Jews” would make sure he was never hired at a traditional job, and that “Venture Capital Jews” would make sure he could never get investment funding for any business. Doe argues that if his name were known, he would be called a “Nazi,” which would be a difficult problem for his social life. But the most dire claim is that Jewish agents would target him for assassination. Doe claims to know this firsthand. Possibly.

“Plaintiff may have already survived an assassination attempt by Jewish agents. Through a series of unlikely events, seemingly contrived by apparently conspiring Jews, Plaintiff was enticed by an attractive, busty Jewess and wet his mouth with a drink of partially unknown provenance. Hours later, Plaintiff experienced overwhelming fatigue and ‘twilight consciousness’ for hours – an event never experienced by Plaintiff prior or since. Plaintiff suspects he was poisoned by Jews,” he wrote.

None of this convinced McAuliffe or the other judges.

“Doe fails to plausibly allege with any degree of specificity a legitimate threat to his physical safety,” McAuliffe wrote.

Doe has until next week to appeal McAuliffe’s ruling or file his case under his actual name.

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A rabbi in Ocean County is being sued by a woman who claims he sexually assaulted her when she came to him for financial help, then defamed her on a website and in fliers he posted near her children’s school.

Avraham Appel, of Jackson, abused his position as a trusted community leader to sexually assault and exploit the woman, an Israeli immigrant who came to him as a single mother struggling to pay bills, according to the lawsuit, filed in the Superior Court of Ocean County.

Appel is a prominent rabbi and Rosh Kollel, or head of a Jewish institute for advanced Talmudic study, who is based in Lakewood and Jackson, according to court papers filed January 5.

Appel did not respond to calls to his home and cellphone seeking comment on the lawsuit.

The woman claims she confided in one of her children’s schoolteachers in early 2020 that she was in significant financial distress and having trouble paying for daycare.

The teacher suggested she contact Appel, according to the suit.

In February 2020, Appel arranged to meet with the woman at a local Starbucks.

“During that meeting, Appel presented himself to (the woman) as a rabbi, mentor, advisor, and friend whom (the woman) could trust, confide in, and depend on,” the lawsuit states.

Appel, who had experience in real estate, allegedly offered the woman an opportunity to solicit investments on his behalf and to “draw,” or advance, money against future commissions.

Rabbi issues payments to woman after alleged sexual assault

In June and July 2022, Appel issued six payments to the woman, totaling $20,000 and characterized as advances or loans. He also provided the woman with “financial assistance” so she could buy groceries and pay medical expenses and water bills, according to the suit.

The lawsuit claims most of the money was meant to buy the woman’s silence after he attacked her on June 1, 2022.

The suit alleges Appel visited the woman while she was alone at home and sexually assaulted her as she pleaded for him to stop.

“Appel was abusive and unrelenting. The more (the woman) pled for mercy, the more aggressive Appel became,” the suit alleges.

Before leaving her home, he allegedly ordered her to delete Ring camera footage that showed him arriving.

In the months after the assault, Appel “forced himself upon” the woman and took sexual advantage of her on other occasions, the suit claims.

Appel also allegedly bombarded the woman with demands for sexual acts and sent her a barrage of text and WhatsApp messages containing crude and graphic sexual content.

“I want to squeeze your breasts,” one text allegedly said. In another, he sent the woman a photo of his penis, the suit alleges.

In July 2024, the woman met with another rabbi and shared evidence of the sexual assault and “other incidents involving Appel,” the suit claims.

Woman offered $50,000 for therapy after sexual assault

Appel later contacted his attorney and the two offered the woman $50,000 to cover her future therapy expenses.

The money would be available only if the woman signed a release of any claims related to the assault and agreed to keep all incidents between them confidential, according to the suit.

The woman refused to accept the money or sign the agreement, the suit says.

Appel then launched a campaign to destroy the woman “personally and professionally,” according to the lawsuit.

On December 15, 2025, the woman became aware of a website with her photos that claimed she was “a danger to all Jews,” and warned the public to stay away from her, according to the complaint.

The website disclosed the woman’s address, claimed she stole money, and characterized her as a “thief.”

Moreover, Appel and possibly others posted signs smearing the woman. The signs were posted at public locations throughout the community, including the school her two children attended, the suit alleges.

The lawsuit claims sexual assault, invasion of privacy, intentional infliction of emotional distress, defamation, and conspiracy.

The complaint also alleges Appel breached his duty as a rabbi to conduct himself with loyalty and in good faith.

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WASHINGTON — Twannetta Weaver felt like she made the responsible choice when she enrolled in a high-deductible health insurance plan through her employer, an option that avoided high premiums and allowed her to save for retirement.

Then, in 2025, she slipped a disk in her back, requiring medication and physical therapy. Suddenly, the medical bills were so overwhelming that Weaver, an adult learner working toward a leadership degree on the side, had to delay graduation by a year.

Read the rest…

This post was originally published here

The real estate industry just got a headline that reads like a misprint. Bed Bath & Beyond is buying a brokerage. The same Bed Bath & Beyond that filed for bankruptcy and closed every store it owned a few years ago. The brand name will grab the attention. The strategy behind it is what industry leaders should study.

On June 17, Fathom Holdings signed a definitive agreement to be acquired by Bed Bath & Beyond, Inc. in an all-stock transaction. The deal values Fathom at roughly $53.38 million, with Fathom shareholders receiving 0.2236 shares of Bed Bath & Beyond stock for every share they own. The companies expect to close in the second half of 2026, subject to regulatory approval and a vote of Fathom shareholders.

Not yesterday’s Bed Bath & Beyond

The company writing the check is not the retailer most people remember. The original Bed Bath & Beyond collapsed in 2023. Overstock.com bought the brand and the intellectual property out of bankruptcy, renamed itself Beyond, Inc., then in 2025 took the Bed Bath & Beyond name back because it was the most valuable piece of intellectual property the company owned.

Today, led by the television entrepreneur Marcus Lemonis, it owns Bed Bath & Beyond, Overstock, buybuy Baby, Kirkland’s Home, The Container Store and a portfolio of other assets. It is a holding company built around a famous name.

Lemonis has been direct about the vision. He is building what he calls Everything Home, an ecosystem organized around three pillars: homeownership and transactions, omnichannel commerce, and home services. Fathom fills the first pillar, bringing brokerage, mortgage, title, insurance and a technology platform. The pitch is a single company that can sell a consumer the house, finance it, insure it and then furnish it. On paper, it is a coherent idea, and Lemonis has assembled real scale to chase it.

Give both companies their due. Fathom is a respected, fast-growing platform. In 2025, it generated about $420 million in revenue, up 25% year over year, with transactions up nearly 15%, built on a technology-first model and a growing set of higher-margin mortgage and title services. Bed Bath & Beyond, for its part, has been mounting a real turnaround. In its most recent quarter it returned to revenue growth for the first time in 19 quarters, sharply narrowed its losses, and ended the period with about $163 million in cash.

The structure deserves a clear eye

This is an all-stock deal, so the value moves with the share price, and neither company has reached profitability yet. That is not unusual in this part of the industry, where plenty of well-regarded names have run at a loss while building scale, but it does mean the payoff here depends on execution.

When the news broke, Fathom shares jumped about 82%, a sign investors saw real upside in the pairing. The honest way to read it is two growth-stage companies, each bringing real assets, betting that together they can reach a scale neither could reach alone.

Here’s why this matters beyond one transaction. The deal is part of a sustained push to own the entire homeownership journey. Portals, national brokerages, lenders and now a retail conglomerate are all chasing the same outcome: a single front door that captures search, financing, title, insurance, the sale itself and everything the consumer buys after the keys change hands. Whoever owns that front door owns the customer relationship and the data that comes with it.

That ambition raises questions our industry should be discussing now

When one company controls every step of the transaction, where does independent advice live? What does real consumer choice look like inside a closed ecosystem? And what happens to open competition, and to the MLS, when the goal is to keep the consumer inside one funnel from the first search to the closing table? These are not reasons to panic. They are reasons to pay attention and to lead the conversation rather than react to it.

There is a larger point that often gets lost in deal coverage. You can bundle services. You can connect a brokerage to a lender to a title company to an insurance product to a furniture catalog. What you cannot bundle is trust and judgment.

The purchase of a home remains the largest financial and emotional decision most people ever make and consumers still want a knowledgeable professional who represents their interests, reads the local market and negotiates on their behalf.

No platform has replaced that, and the evidence keeps pointing the other way. The more the transaction gets automated and packaged, the more valuable independent, expert human guidance becomes.

Here’s the honest read for industry leaders

The name on this deal is a curiosity. The strategy behind it is the story. The race to own the full homeownership journey is accelerating, and it is not going to slow down. Our job is not to fear it. Our job is to compete on the one thing these platforms cannot manufacture, the trusted relationship between a skilled professional and the family they serve. That is where the lasting value sits, and it is not for sale.

Darryl Davis, CSP, is a speaker, coach, and bestselling author who has trained real estate professionals, and the leaders who build them, for more than 40 years. He is the founder of the POWER AGENT® Coaching Program and Darryl Davis Seminars. Learn more at darrylspeaks.com.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.

To contact the editor responsible for this piece: tracey@hwmedia.com

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Ralo, an AI-native mortgage broker founded by two former Google employees, has raised a $2.9 million seed round to expand its automated home loan platform, which the company says delivers interest rates below the national average and closes loans in roughly half the industry’s typical timeline.

Co-founders Arjun Lalwani and Helly Shah, who met while working at Google, position Ralo as the “first AI-native mortgage broker,” meaning the mortgage process, from initial rate shopping to post-closing, is handled primarily by an AI loan officer rather than a human one. 

Ralo, which is a portmanteau of the words “rates” and “low,” uses artificial intelligence to help consumers compare mortgage options, obtain preapprovals and navigate the loan process. 

“We started Ralo because we were homebuyers ourselves. Arjun bought a condo in San Francisco, I bought a condo in New York, and we went through the mortgage process. And as two Googlers … it was absolutely jarring how archaic the mortgage process is for consumers,” Shah said in an interview with HousingWire ahead of the launch.

Shah and Lalwani became licensed loan officers and built Ralo over the span of one year. As a licensed broker, the company is onboarded to lender platforms and uses its engine to surface the lowest rate available for a borrower’s scenario on a given day. Ralo’s technology aggregates and synthesizes price sheets from multiple wholesale lenders

“Helly and I took the hard path of getting licensed as loan officers ourselves … because if you’re building tech for this industry and for customers, we need to understand both sides,” Lalwani sai.

The founders, who are the sole employees of the company, did not disclose which lenders they are currently working with. 

New York-headquartered Ralo said it closed its first loans in March and is currently licensed in California, Colorado and Texas. The company did not disclose how many loans it has done, but it currently reports that customers are seeing an average savings of 0.6 percentage points relative to the national benchmark, with some cases reaching 1 full percentage point. 

“We use AI to shop for deals, eliminate a lot of the intermediaries, and reduce processing costs for end consumers, and that usually means that customers get rates that are more than half a point below the national average,” Lalwani said.

He added that Ralo is “hovering” at an average of 15 to 17 days to closing.

Shah said that the entire process is automated using AI and that customers can go to Ralo, answer a few questions without having to provide their email or phone number, and see what the best deal is available for them on that day. “That is automated with AI,” she said. 

Shah said that if a customer chooses to proceed, Ralo’s AI loan officer guides them through the entire process, but she and Lalwani are on standby if human help is wanted. 

The funding round included backing from investors like Y Combinator, Manresa Ventures and Pack Ventures, along with angel investors Charles Ferguson, the director of the documentary “Inside Job,” and Ryan Frazier, co-founder and CEO of Arrived.

The founders were part of startup accelerator Y Combinator’s spring 2025 cohort. Shah and Lalwani confirmed that the seed funding will be used in three main areas: product and engineering enhancements; sales and marketing to build brand awareness; and licensing expansion beyond the handful of states where Ralo is currently approved to operate.

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There is no denying that consumer usage of AI during a home sale or purchase transaction is on the rise. 

According to a study published earlier this month by Veterans United Home Loans, 53% of prospective homebuyers say they’d be comfortable buying a home without any direct human involvement. The study also found that 89% of prospective buyers would share personal financial information with an AI-powered lender tool for tailored mortgage advice. However, only just a quarter of survey respondents said they would be “very comfortable” closing a home purchase without any human involvement. 

Additionally, a Realtor.com study published in October 2025, found that 82% of consumers are using AI for real estate insights. Additionally, while 65.6% of survey respondents found getting information from real estate agents as a “positive use of time” this was closely followed by 61.9% of consumers reporting that getting information from AI was a positive use of time. 

So while consumer AI-usage is going up, it is clear that a large portion of homebuyers and sellers still want a human advisor involved in the transaction. However, brokers say this is changing the role of the human real estate agent.

“The conversation we’ve been having with our agents is how do we transition from information providers to real estate advisors because with AI and technology consumers can get all of the information, but the information is only as good as the questions you are asking,” Amy McCann, the head of agent success at The Keyes Company, said. “So, how do we take that information that the consumer was able to generate and then use judgment and local knowledge and really our experience to advise them on what makes sense.”

How consumers are using AI

Brokers said they are seeing clients use AI to do everything from find information about neighborhoods to advising them on lists or offer prices on properties. Due to this, Linda O’Koniewski, the broker-owner of Leading Edge Real Estate, said she has recently rewritten a series of letters the brokerage sends to clients over the course of their home buying or selling journey.

“We know the consumers are using AI, and we are telling them that AI is for research, not decisions or judgement as real estate is so nuanced,” she said. “The biggest thing is that they shouldn’t be outsourcing their thinking as they make the largest financial decision of their lives.”

While some agents may be frustrated or feel threatened that their clients are using AI, O’Koniewski said it is important for agents not to scold consumers for using AI. 

In addition to general research, pricing and even contract review, O’Koniewski said she and her agents have also seen consumers create repair lists for a seller based on home inspection reports. 

“Our listing agents and sellers have gotten repair lists back that are just ridiculous with things like gutter extensions and GFCI outlets and that just aggravates the sellers,” O’Koniewski said. “AI is a very poor gauge of the labor costs in most markets and it doesn’t understand local business customs and practices.” 

McCann said she and her agents in Florida have also seen these AI-generated repair lists. 

“What we’ve focused on with our agents is how to take this information and use judgement and understanding of the local marketplace to put the plan into action,” McCann said. “One of the things I tell our agents is that it’s an evolution of what we’ve been seeing. It went from information being passed from friends and family, to then the internet, to now having AI. They are checking with LLMs at every stage, and they are coming to the table armed with all this information and then asking the agents to put it into use and create the strategy for them to move forward.”

Could consumer reliance on AI impact commissions?

This increased consumer reliance and confidence in AI comes as industry experts predict that AI could drive down real estate agent commissions. “The Home Sale Transaction, Reconsidered,” published last week by Amit Kulkarni and Russ Cofano of Alloy Advisors, broke down the tasks bundled into a listing commission that have been commoditized by software and AI, finding that the remaining “human core” of the job does not scale with home price. 

Before AI, the report found that tasks like MLS entry, listing descriptions and transaction coordination had a combined market value of roughly $1,500 to $3,500 per listing, but with modern tools, the report found that their marginal cost of these services has fallen close to zero for a competent AI user, aside from $10 to $30 per deal for workflow software. As for the “human-value tasks” like skilled negotiation, emotional coaching, hyperlocal knowledge and licensed fiduciary accountability, the report estimated that costs to be roughly $2,000 to $6,500 per transaction, regardless of home price. If this cost does not scale with home prices, this, in theory, could drive down commissions for some agents. 

To O’Koniewski, this presents a great opportunity for the top agents and those willing to go the extra mile for clients to really shine. 

“The smart agents, the good agents, will always do extremely well because they don’t operate on an algorithm,” she said. “They work on high emotional intelligence, they bring amazing insight to the transaction and they protect people from themselves. People want to work with people who care.” 

McCann agrees, saying this change in consumer behavior has caused agents to “step up their game.” 

“There is so much information out there, so it is a matter of the agents coming to the table more informed and being able to translate that into what that actually means for pricing and strategy,” she said. 

Where to start

As for agents concerned about working with these AI-equipped consumers, O’Koniewski said the first thing she tells every agent to do is search the questions that buyers and sellers are most frequently asking AI so they can be aware.

“Then, make sure you are going into a listing appointment or a buyer meeting knowing the information that the LLMs can’t gain access to,” she said. “I am also encouraging my agents to go into and LLM in incognito mode in their browser and ask the AI what a fair price is on a property so they can go into a listing appointment and show the client that they asked AI too and then they can see the discrepancies in answers and have a conversation about how the AI lacks local context.” 

Here’s a strong ending that brings it back to the agent’s value without sounding defensive:

For brokers, the shift is less about competing with AI and more about helping agents understand where it stops.

Consumers may arrive with more information than ever, but that doesn’t mean they have the context, judgment or strategy to use it well. AI can summarize an inspection report, suggest a list price or explain contract language, but it can’t read the room during a negotiation, understand the seller’s motivation or know which repair requests are customary in a specific market.

That is where brokers say agents have to make the turn from being the source of information to being the interpreter of it.

AI may be changing the questions consumers bring to the table. But for agents who can provide judgment, local expertise and a steady hand through an emotional transaction, the answer may still be very human.

This post was originally published on here

Are you ready to begin a fulfilling real estate career in the Sunshine State? To get started, you have to complete 63 hours of prelicensing coursework through a state-approved real estate school before you’re allowed to take the licensing exam. Most schools offer this online now, which makes it easier to work through the material without putting your life on hold.

Not all online Florida real estate schools are the same. Some are better if you want structure and support while others work well if you just want to get through the coursework at your own pace. We’ve broken down the best online Florida real estate schools for 2026, comparing course formats, pricing, study tools and exam prep so you can choose the option that actually fits how you learn and fits your budget.

8 best real estate courses in Florida: Our top picks

Logo-300x100_The-CE-Shop

Best for overall experience and learning tools

The CE Shop

From $139

Jump to details ↓

Use HW30 to Save 30%

Aceable Agent logo

Best for mobile learning and audio lessons

Aceable Agent

From $179

Jump to details ↓

Click to Save 20%

Logo-Colibri-wide

Best for progress tracking and accountability

Colibri Real Estate

From $169

Jump to details ↓

Use HousingWire40 to Save 40%

Casa Academy logo.

Best for audio and AI-enhanced learning

Casa Academy

From $49

Jump to details ↓

Use HW20 to Save 20%

Logo-Kaplan-png

Best for exam prep and instructor support

Kaplan Real Estate

From $269

Jump to details ↓

VISIT

Logo-Gold-Coast-Schools

Best for personalized learning experience

Gold Coast Schools

From $329

Jump to details ↓

VISIT

New York Real Estate Institute (NYREI) logo

Best for budget-friendly, straightforward learning

RealEstateU

From $99

Jump to details ↓

VISIT

Logo-VanEd

Best for affordable learning on the go

VanEd

From $139

Jump to details ↓

VISIT

8 best real estate courses in Florida: Our top picks

Best for overall experience and learning tools

The CE Shop

From $139

Use HW30 to Save 30%

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Evernorth CEO Ashish Birla says blockchain is no longer a futuristic concept but a technology solving real financial problems today.

According to Birla, networks like Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are increasingly becoming trusted rails for moving value, challenging incumbents such as PayPal.

Tokenization As The Next Big Shift

In a National Cryptocurrency Association podcast on June 17, Birla highlighted that blockchain’s core value lies in removing intermediaries and replacing them with decentralized trust.

Instead of relying on platforms such as PayPal (NASDAQ:PYPL) to move money, users can send stablecoins …

Full story available on Benzinga.com

This post was originally published here

Julia Parker – JBizNews Desk
The college major, long treated as a personal credential and a cultural marker, now looks more like an early career trade tied to artificial intelligence exposure, according to Goldman Sachs, which described student choices as a signal that young workers already price the technology into lifetime earnings decisions.

The scale of the shift shows up in enrollment data: National Center for Education Statistics figures show U.S. bachelor’s degrees in computer and information sciences more than doubled from roughly 48,000 in 2012 to more than 108,000 in 2022, while Goldman Sachs has linked that migration to a broader repricing of skills around generative AI.

That comparison matters because students increasingly treat majors as an investment decision rather than a fixed identity, according to Goldman Sachs, whose economists have said generative AI could lift global gross domestic product by 7% and expose the equivalent of 300 million full-time jobs to automation.

The original undergraduate bargain looked simpler: choose a field, obtain a credential and enter a labor market that rewarded degree completion broadly, according to National Center for Education Statistics, which tracks degree production across disciplines and shows how technology programs gained share during the past decade.

That realization changed the economics of campus choice, according to Bureau of Labor Statistics, which projects software-developer employment growth of 17% from 2023 to 2033 and data-scientist employment growth of 36%, far above the agency’s projection for total employment growth.

The inflection point arrived when artificial intelligence moved from research labs into consumer and corporate tools, according to Stanford University, whose AI Index has said industry now dominates advanced AI model development and private capital continues to cluster around machine learning infrastructure and applications.

Large technology companies reinforced that message, according to Microsoft, which has described AI copilots as a core layer across enterprise software, and OpenAI, whose public releases accelerated student awareness that coding, statistics and domain knowledge could combine into a new premium skill set.

Employers then supplied the market confirmation, according to Bureau of Labor Statistics, whose occupational data show computer and mathematical roles carrying median pay well above national averages, giving students a clearer numerical basis for shifting from lower-return majors into AI-adjacent programs.

Universities have responded by expanding data-science, analytics and computational social-science offerings, according to National Center for Education Statistics, whose degree classifications show a broad increase in computer-related awards rather than a narrow boom limited to traditional computer science.

The demand surge also reflects corporate capital spending, according to Goldman Sachs, which has said AI investment could approach a scale large enough to influence productivity, cloud demand and semiconductor supply chains, making undergraduate talent pipelines relevant to investors tracking long-cycle technology adoption.

That investor connection runs through Nvidia, which has said demand for accelerated computing and AI infrastructure has driven record data-center revenue, turning what students see in classrooms into the human-capital side of one of the equity market’s dominant growth themes.

Still, the path upward contains risk, according to Goldman Sachs, which has cautioned that AI can automate tasks inside high-skill occupations even as it creates new demand for workers capable of deploying, supervising and integrating the technology.

That tension has fed skepticism among students and parents, according to Bureau of Labor Statistics, whose projections imply strong demand for technical roles but do not eliminate cyclical hiring risk in technology, where graduate timing can collide with layoffs, start-up funding pullbacks and changing corporate budgets.

The middle of the market looks especially vulnerable, according to Goldman Sachs, whose research has emphasized that generative AI affects cognitive work rather than only routine physical labor, challenging the old assumption that any white-collar degree provides durable insulation from automation.

For that reason, the emerging campus trade favors hybrid majors, according to Stanford University, whose AI Index highlights demand for AI literacy across industries, suggesting that economics, biology, engineering, finance and law programs may gain value when paired with statistics and computation.

Financial firms see the same pattern inside their own workforces, according to Goldman Sachs, which has described AI as a productivity tool for knowledge workers, implying that future analysts, bankers and portfolio managers may need technical fluency even when their formal degree sits outside computer science.

The practical question for students now concerns option value, according to Bureau of Labor Statistics, whose wage and growth data suggest majors tied to software, data architecture, cybersecurity and applied analytics offer wider career paths than programs with weaker links to expanding digital capital budgets.

But a narrow coding-only strategy carries its own limitation, according to Goldman Sachs, which has said productivity gains depend on organizational adoption, meaning students who combine technical training with business judgment, regulation, health care or industrial expertise may command a more durable premium.

The current market position of AI education resembles an early-cycle infrastructure buildout, according to Stanford University, whose AI Index frames the technology as a general-purpose platform with investment, talent and model development feeding one another across corporate and academic systems.

That creates a feedback loop for universities, according to National Center for Education Statistics, whose degree data imply that student demand can pressure schools to redirect faculty hiring, course capacity and capital budgets toward computing-heavy programs.

For investors, the enrollment shift offers a human-capital indicator, according to Goldman Sachs, which has connected AI adoption to productivity and growth potential, making student major selection a modest but telling signal for labor supply in technology-intensive sectors.

The broader lesson reaches beyond campus, according to Goldman Sachs: AI has turned education into a forward-looking allocation of risk, time and earning power, and students now move accordingly before labor markets fully settle the final price of the new technology cycle.
JBizNews Desk

A group of 51 hotel owners who together run close to 1,000 Marriott-branded properties has told the company it wants a larger share of the money flowing through its Bonvoy rewards program, according to a letter the owners sent in March that became public Tuesday.

The letter went straight to the top, addressed to Chief Executive Anthony Capuano and Chairman David Marriott.

The fight comes down to a simple question: who pays when a guest cashes in points for a free night, and who pockets the profits the program throws off.

Most Marriott hotels are not owned by Marriott. They are owned by independent operators and franchisees who run the buildings, employ the staff, and pay Marriott for the right to fly its flags and tap into Bonvoy, one of the largest loyalty programs in travel.

When a member redeems points for a free stay, the hotel that hosts that guest gets reimbursed from a shared fund. Owners say that reimbursement often falls short of what the room is really worth.

Here is what changed.

For years, owners believed Bonvoy roughly broke even — a marketing engine that filled rooms without making anyone rich.

Now they have learned the program is a serious money-maker, and they feel cut out.

Marriott has said it expects fee revenue from its co-branded credit cards to climb about 35% this year, approaching $1 billion.

Much of that comes from card partners paying Marriott for the right to issue Bonvoy cards.

Owners argue they help create that value every time a guest stays, yet little of the windfall reaches them.

Their core complaints are about money and transparency.

They want higher payments when members redeem free nights — at least matching what they would earn from an online travel site like Expedia — and they want to see the program’s books, which Marriott has historically kept close.

Under the old setup, owners got a low base payment for an award night when the hotel had empty rooms to spare, on the logic that a free guest in an otherwise unsold room costs the hotel nothing.

When a property filled up, the payment rose toward the hotel’s normal nightly rate.

Owners say that formula no longer reflects how much Marriott earns from the credit-card side of the business.

Marriott has made some moves to ease the tension.

The company says it recently raised what owners are paid for loyalty stays on busy, high-demand nights, trimmed certain charge-out rates, and for the first time shared some Bonvoy financial details with owners.

It is also renegotiating agreements tied to the program.

The stakes are large because loyalty has quietly become one of the most profitable corners of the hotel business.

Bonvoy added roughly 43 million members last year and counted about 283 million members by the end of the first quarter.

Every one of those members is a reason for a traveler to book a Marriott instead of a competitor — but the value created sits at corporate, in the form of high-margin card fees, while the cost of honoring free nights lands on the individual hotel.

For travelers, the dispute could eventually show up in the value of their points.

If owners win bigger reimbursements for award stays, Marriott has to find that money somewhere.

The most common way hotel programs cover rising costs is by raising the number of points needed for a free night, which quietly erodes what each point is worth.

Nothing has changed for members yet, but a richer payout to owners tends to flow downhill to guests.

There is also a business-model question for investors.

Marriott International (MAR) has long sold Wall Street on an “asset-light” story — it manages and licenses brands rather than owning buildings, and loyalty and credit-card fees are a big part of that pitch.

A revolt by the people who actually own the hotels puts a spotlight on how durable those fees are, and how much Marriott may have to give back to keep its franchise network from walking.

For now, the two sides are negotiating.

The owners have leverage in numbers and in the simple fact that Marriott needs them to run its hotels.

Marriott has the brand, the members, and the card deals.

Somewhere between those positions is the new split of a billion-dollar pot — and the answer will ripple from hotel balance sheets all the way down to the points sitting in travelers’ accounts.

Bethesda, Md. — JBizNews Desk

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

Senior figures in Israel’s defense establishment voiced frustration during a Security Cabinet meeting this week following the announcement of a Memorandum of Understanding (MoU) between the United States and Iran, arguing that the pressure campaign against Tehran was beginning to produce significant results.

According to two sources familiar with the discussion, ministers were told that Iran’s economy had deteriorated sharply under the US-led naval blockade of the Strait of Hormuz and that the regime was approaching a critical point.

“The Iranians are now on the verge of economic collapse,” cabinet ministers were told.

On April 12, US President Donald Trump announced a naval blockade targeting Iran. Under the operation, the US military’s Central Command (CENTCOM) imposed restrictions on Iranian ports, preventing Iranian vessels from leaving the Persian Gulf and foreign ships from docking at Iranian facilities.

Israeli officials told ministers that the move had a noticeable impact inside Iran.

“There are shortages of basic goods and medicines, and long lines at gas stations,” senior security officials reportedly said during Tuesday’s cabinet meeting.

IDF officers say economic pressure on Tehran was working

According to participants, senior IDF officials argued that continued economic pressure could have forced Tehran into an even more severe crisis.

“If the Americans had maintained the blockade, Iran would not have been able to withstand it,” senior IDF officials reportedly told ministers and Prime Minister Benjamin Netanyahu.

One of the sectors hit hardest by the blockade was Iran’s oil industry, a cornerstone of the country’s economy. As one of the world’s largest oil exporters, Iran relies heavily on maritime routes to ship crude oil to international customers. Because Tehran lacks major overland export pipelines, the naval restrictions left the country with growing quantities of unsold oil.

Iran initially stored excess crude in tankers, including older vessels anchored near its ports. But officials told ministers that storage capacity eventually became exhausted.

“The Iranians began reducing oil production, meaning the initial stages of shutting down oil fields had begun,” officials said.

Energy experts warn that shutting down oil fields can cause long-term damage, and in some cases, production cannot be restored quickly or economically. According to officials who briefed the cabinet, continued restrictions could have forced Iran to close additional fields, inflicting potentially irreversible damage on a critical source of state revenue.

Those assessments appeared to align with data released by OPEC last week, which showed Iranian oil production fell by 19% over the previous month, suggesting Tehran had already begun scaling back output.

Iran to resume oil exports

The MoU reached between Washington and Tehran now allows Iran to resume oil exports. As part of the agreement, the US administration agreed to suspend sanctions on Iran’s oil sector for 60 days, a step expected to ease pressure on the country’s energy industry and reduce the likelihood of additional oil-field shutdowns.

Several participants in the cabinet meeting, including ministers and senior security officials, reportedly expressed concern that the agreement had effectively relieved pressure at a moment when Iran appeared increasingly vulnerable.

“They were experiencing severe shortages,” one participant reportedly remarked.

Senior security officials also warned that the influx of funds expected to reach Iran under the agreement would be “like oxygen for breathing.”

Still, some experts cautioned against assuming that economic hardship alone would have compelled Tehran to make broader concessions.

Dr. Raz Zimmt, director of the Iran and the Shiite Axis Program at the Institute for National Security Studies, told The Jerusalem Post that Iran has undoubtedly suffered significant economic damage.

“It is clear that Iran has suffered significant economic damage, stemming not only from the blockade but also from a prolonged economic decline that was deepened by waves of public protests and by the war itself,” Zimmt said.

At the same time, he argued that policymakers often overestimate the relationship between economic pain and political flexibility.

“However, it would be a mistake to translate the depth of the economic crisis into assumptions about the concessions Iran was or would be willing to make. Even if the country had reached a very severe economic crisis, the regime and the Islamic Revolutionary Guard Corps would likely have found ways to protect their own interests. The people would have been the ones to suffer.”

Zimmt added that severe economic hardship does not automatically translate into political unrest or regime instability.

“Hungry people do not necessarily take to the streets,” he said. “There is an argument that people struggling to secure their daily bread are often more focused on survival than on political activism. And even if protests had erupted, it is not clear that they would have produced different results from those seen during the demonstrations in January.”

This post was originally published on here

IDF Chief Sergeant First Class (res.) Alexander Filin, aged 29, from Haifa, was killed in combat in southern Lebanon, the military announced on Thursday.

Filin was a combat soldier in the 36th Division command post.

He was killed when a team of soldiers from the 36th Division and the Givati Brigade was walking on foot near the Litani River when a Hezbollah IED exploded near them, at approximately 5 p.m. on Wednesday.

During the incident, at least seven other soldiers were wounded, the military noted.

This included an IDF officer, a reserve officer, and an additional reserve soldier who were moderately wounded, the military said.

The officer was identified as the 36th Division’s deputy commander, a Colonel rank, and the reserve officer as the 556th Battalion commander, a Lieutenant-Colonel rank.

Additionally, a combat NCO and three reserve soldiers, one of whom was a woman, were lightly wounded in the incident, the military added.

Following the incident, the IDF targeted terror infrastructure in the area with artillery fire.

The IDF is investigating the incident.

Haifa Mayor Yona Yahav issued a statement, expressing deep sorrow at the news of Filin’s death and expressing condolences to the family.

Double Hezbollah drone attack wounds five IDF soldiers

Meanwhile, in a separate incident on Wednesday morning, two Hezbollah explosive drones wounded five soldiers operating in southern Lebanon.

The first drone exploded near a tank belonging to the Givati Brigade during the early hours of Tuesday. Shrapnel from the drone wounded four soldiers, who were evacuated by helicopter to the hospital for medical treatment.

Shortly afterward, another drone exploded, wounding a fifth soldier, who was also evacuated.

One of these soldiers was severely wounded, while two were moderately wounded and two were lightly wounded.

The IDF also responded to this incident by targeting terror infrastructure with artillery fire.

Amir Bohbot contributed to this report.

This post was originally published on here

Israel has just announced the creation of special tribunals to prosecute those responsible for the October 7 attacks. The news has been welcomed as evidence that Israel acts as a democracy governed by the rule of law, in contrast to the barbarity of its enemies. 

But its usefulness ends there, because the factual and legal framework within which it situates the events paves the way for its own conviction of genocide in international courts.

The consequences are far from theoretical.

They include the proliferation of cases against Israeli citizens in foreign courts, the growing legitimacy and dissemination of hostile narratives across media platforms, and the encouragement such narratives provide to acts of direct persecution and violence in the streets.

The first strategic mistake lies in validating the factual basis upon which the international accusation rests. 

If the cases before the International Criminal Court (ICC) and the International Court of Justice (ICJ) confine October 7 to a single day’s events in order to portray Israel’s actions from October 8 onward as a separate act of aggression, the Israeli jurisdiction replicates the same framework, adopting its adversaries’ narrative. 

This self-incrimination is serious because the state itself pretends to ignore that the events included kidnappings, enforced disappearances, torture, and murders in captivity – continuing crimes that only ceased on January 26, 2026, when the remains of the last victim were recovered. 

It also disregards the sustained attacks against its civilian population throughout that period. Worse still, it endorses a distortion whose correction would strengthen its own position.

If it is established that Israel’s defensive response began simultaneously with the massacre, then its actions must be understood – from the outset until the cessation of those crimes – as those of a victim responding to an ongoing attack rather than those of an aggressor.

This is no minor issue, since the genocide allegations against Israel rest on the existence of a specific intent to destroy, in whole or in part, a protected population.
 
Therefore, the more clearly it can be shown that Israel’s actions formed part of a response to an ongoing aggression – aimed primarily at recovering hostages, ending continuing crimes, and neutralizing sustained attacks against its civilian population – the more difficult it becomes to attribute to it an intent to destroy the Palestinian people as such.

The continuing nature of the October 7 crimes also makes it possible to encompass the other aggressors involved in the attack: Hezbollah, from October 8, 2023, onward; and the Islamic Republic of Iran, from June 2024, onward, both largely excluded by the temporal fragmentation advanced by the international accusers.

Why the legal characterization matters

This factual flaw is compounded by a legal one: classifying the events that began on October 7 as “terrorist acts” when they should fall within the category of “genocide” as defined in the Crime of Genocide Law (5710–1950), enacted by the Knesset in 1950. 

The conceptual abdication is significant: “terrorism” describes a method; “genocide” describes a purpose. One explains how an attack is carried out; the other, why it is carried out.

In substance, the overlooked law reproduces the same definition of genocide applied by the ICJ and the ICC: the total or partial destruction of a national, ethnic, racial, or religious group.
 
And it punishes not only the commission of the crime but also conspiracy, incitement, attempt, and complicity, extending potential liability to other actors.

The specific intent required by the law does not appear to be an obstacle. 

The will to eliminate the group (the Jewish people) is set out in Hamas’s founding charter, in Hezbollah’s manifesto, in the repeated programmatic statements of their leaders, and in the explicit promise to repeat October 7. 

When these elements are coupled with the persistent and deliberate attacks against civilians, there is a sufficient basis to sustain a genocide charge under the terms of that very law.

It is difficult to understand why, despite the existence of this law for 75 years, the state chooses not to invoke it at the very moment it faces international accusations of the same crime. 

Especially when it would strengthen its own defense in universal jurisdiction proceedings. 

Because the difference between terrorism and genocide does not merely alter the legal characterization of the aggressor; it also shapes the legal interpretation of the victim’s response to an existential threat. 

In that respect, it matters whether the aggression is understood as a limited cross-border incursion or as an attack aimed at the destruction of the national group itself.

Israel still seems not to grasp that the main battle is being fought not in Jerusalem but in The Hague, where its adversaries have succeeded in consolidating a narrative that reverses the roles, turning the victim into the perpetrator: the genocidal actor is the Jewish state. 

Yet the accused responds in its own courts by assigning quasi-police categories to those who openly seek its destruction.

No one doubts that Hamas will be condemned in Jerusalem. But what value will that have in preventing Israel’s condemnation in The Hague? Because that’s where the serpent’s egg lies. 

That is where the legal truth is forged and spread across the world.

The Hague is the source of the narrative that today legitimizes persecution. Israel still fails to recognize this. It is staging tribunals invoking Eichmann when the historical analogy it faces is that of Dreyfus.

It must be understood: Israel is the accused today. Domestic proceedings may help strengthen its international defense, but they are insufficient to shift the center of gravity of the dispute. 

Israel’s judgments lack resonance beyond its borders. We are no longer in 1962.

Since the entry into force of the Rome Statute in 2002, a transnational legal order has emerged, producing categories, narratives, and decisions capable of shaping legal truth worldwide. 

Yet there remains an alternative: to enter a jurisdiction belonging to that order and take the offensive.

Argentinian jurisdiction appears to be the natural venue for such a strategy.

Not because it could replace the ICC, but because it allows the introduction – within its legal ecosystem – of a reverse prosecution platform capable of issuing rulings that challenge the narrative currently taking shape in The Hague. 

It offers a concrete opportunity to contest that libel before it becomes a verdict. Perhaps it’s time to launch a new J’Accuse…!, in defense of the sovereign Jew.

The writer is an architect, author, and journalist. He has published several books and recently initiated a criminal case in Argentina under international jurisdiction to prosecute the October 7 massacre as crimes against humanity and genocide.

This post was originally published on here

The Islamic regime’s killing of civilians in drone strikes on Bahrain and Saudi Arabia may constitute a war crime, Amnesty International said on Thursday, publishing new evidence detailing the deaths and serious injuries caused by the attacks.

At least 28 people were killed and hundreds were injured after Iran launched unprovoked attacks on GCC countries, though information on said attacks was largely restricted by those states. Despite the strict legislation in place, Amnesty shared that it was able to investigate two attacks by the regime in March, which collectively killed four civilians and wounded at least 12.

The researchers concluded that the Islamic regime likely used Shahed drones in the attack, a relatively cheap weapon able to travel 2,000km at low altitudes. These low-altitude flights have largely enabled the bypassing of a number of air defense systems.

Researchers found that between 2 a.m. and 3 a.m. on March 2,  two drones were spotted near the MT Stena Imperative oil tanker while it was still in dry dock undergoing repairs at the Arab Shipbuilding and Repair Yard (ASRY) in Al Hidd, Bahrain. SM Tareq, a Bangladeshi employee of ASRY, was killed, and two other workers were injured.

A worker who witnessed Tareq’s death told the NGO, “I saw one of my friends on fire, and he had his brain coming out of his head.”

Family members had reported that Tareq had grown fearful of the attacks before his death and had asked his loved ones to pray for his safety.

“The conflict in the Middle East has had a devastating impact on civilians, with thousands killed and injured across the region. Civilians are paying with their lives in attacks by Iran that must be investigated as war crimes,” said Heba Morayef, Amnesty International’s Middle East and North Africa Regional Director. “Iranian authorities must immediately stop targeting civilian infrastructure. Those responsible must be held accountable, and victims have the right to justice, truth, and reparations.”

Swedish civilian tanker attacks by Iran

The Stena Imperative is a civilian tanker owned by the Swedish company Stena Bulk. Media reports suggest that the IRGC attempted to strike and seize the ship in February 2026 after it had been contracted by the US Maritime Administration’s Tanker Security Program to move fuel. However, at the time it was docked, Amnesty said it was a civilian object in a civilian repair yard.

It is prohibited by international law to directly attack civilians and civilian objects.

Less than a week after the attack on Bahrain, on March 8, Iran struck a labor camp in Al Kharj, Saudi Arabia, at approximately 4 p.m. The attack took the lives of three civilian men and wounded 10 more, with some needing months to recover in the hospital.

The victims of the regime attack were civilian workers of the Al Twaik cleaning company, who were providing general janitor services.

Witness reports, photos, videos indicate Iran’s responsibility for attack

Six witnesses, family members of the victims, and 26 photos and videos of the attack’s aftermath led Amnesty to the conclusion that either Iran or one of its proxies launched a Shahed drone.

One witness told Amnesty International: “One worker, the blast turned him into pieces, and I could smell him burning. The second worker had his legs broken, and something pierced his head. The third was screaming, ‘Save me’. Three of them died: two died on the spot, and one was taken to hospital and died there.”

The three Bangladeshi citizens, Musharaff Hussain, 42, and Abdullah Mamun, and Bachchu Mia, 35 years, were killed were preparing to break their fast during Ramadan when they were killed.

All the witnesses said no military forces, either US or Saudi, were ever in the labor camp prior to the attack, though the IRGC claimed it had targeted a radar system on site. It is likely the regime was targeting the Prince Sultan Air Base, around 15km away from the site.

This post was originally published on here

An 8th-grade Colorado Jewish student was called a ‘stupid k***’ while being strangled by a laptop charging cord, in one of many antisemitic assaults by other students described in a Title VI complaint to Boulder Valley Public School District.

The ADL (the Anti-Defamation League) has filed a federal civil rights complaint with the US Department of Education’s Office for Civil Rights, alleging that Jewish Student A was subjected to repeated antisemitic bullying, slurs, and physical assault by multiple fellow students at Southern Hills Middle School (SHMS) throughout 7th and 8th grade. 

In one incident, students in Student A’s PE class attempted to play a game called “Jew touch tag” and said Jews were “dirty” and “contaminated.” 

In another, in December 2025, a classmate reportedly fashioned a Chromebook charging cord into a lasso, threw it around the student’s neck and dragged him backward from a chair while calling him a “stupid k***.” This was deemed severe enough that the Boulder Police Department was called in to investigate. 

Following this particular incident, the Boulder Police Department opened a Juvenile Court Referral for third-degree assault.

ADL says no meaningful action taken by school district over assault

As a result of these incidents, Student A no longer wears a Star of David necklace and does not share his religious identity with anyone.

ADL and the family allege that the school took no meaningful action despite being informed of the situation on multiple occasions. For example, the complaint says the school failed to enforce the no-contact order between Student A and the classmate involved in the Chromebook assault.

The complaint also says that the burden was consistently placed on the victim, such as reassigning his study hall class rather than restricting the aggressor, forcing him to miss a school trip, and asking him to leave class early to avoid crowded hallways.  

“The record here is overwhelming: written pleas from the student’s parents, formal school reports, and a police investigation all point to the conclusion that antisemitic harassment at Southern Hills Middle School was pervasive, escalating, and severe,” said James Pasch, ADL Vice President of Litigation.

“Despite the family’s pleas for help to stop the harassment, the school district failed to effectively address it, a clear violation of Title VI of the Civil Rights Act. No family should have to fight this hard to ensure a Jewish child’s safety at school, and certainly no Jewish student should face the threat of assault or harassment because of their Jewish identity.”

Susan Rona, ADL Mountain States Regional Director, noted that 167 antisemitic incidents were recorded in Colorado in 2025, a “stark reminder that antisemitism is not something abstract – it is showing up in our communities, in our neighborhoods and even in our schools.”

ADL is requesting that the US Department of Education require the district to take steps to comply with Title VI and ensure that this student and all Jewish students feel safe and protected.

Boulder Valley School District said that while it does not comment on ongoing legal matters, “we take all allegations of discrimination and harassment seriously.”

“We continue to focus on improvements to our policies, reporting systems, practices, and education efforts – all with the goal of ensuring every BVSD student feels safe, welcomed, and a strong sense of belonging.”

This post was originally published on here

In Mexico City, thousands of fans are making the pilgrimage to the capital’s cathedral to pray to a baby Jesus dressed in a Mexican soccer kit, asking for a World Cup victory.

The tradition dates back to 1970, when Mexico first hosted the tournament, but this year, a ‘Soccer baby Jesus’ has been placed in the country’s main cathedral, leading to many more visiting fans paying homage and asking for a miracle.

In Mexico, it is common for figures of the baby Jesus to be dressed in different outfits, including as a pilgrim to grant protection to travelers or as a doctor for good health.

The dressing of the baby Jesus in a Mexico soccer outfit started at the San Miguel Arcangel church in a poor area of the city 55 years ago. This year, a new parish priest banned the practice on the basis that it was disrespectful.

Amid growing outrage and fear among some fans that it might impact the team’s performance, Mexico City’s Metropolitan Cathedral decided to display a baby Jesus in the soccer shirt of ‘El Tri.’

‘Soccer baby Jesus’ made its debut at Mexico City’s Metropolitan Cathedral this year

“It’s the first time it’s been here in the cathedral… the people themselves asked for it,” Canon Manuel Corral told Reuters.

Corral said the faithful seeking a bit of extra World Cup edge were not limited to Mexico fans.

“Today, for example, we have Colombians here saying their prayers to ask for victory,” he said on Tuesday, the day before Colombia plays Uzbekistan at the Azteca stadium.

The figure will remain on display in the atrium and in various parts of the cathedral until the end of the tournament, regardless of Mexico’s performance, and will wear one of the national team’s kits.

On Tuesday, the baby Jesus wore a white jersey and green shorts similar to the kit co-hosts Mexico will wear in their match on Thursday in Guadalajara against South Korea.

Fans from Argentina, Colombia, Spain, Mexico, and other countries posed in front of the figure for photos or to ask for victory for their national teams.

Some worshippers were not amused, however.

Eleazar Martinez, a Mexican fan who arrived at the church shortly before noon, said: “As a Catholic, it’s very strange for me to see the baby Jesus dressed like that. I don’t really agree with it.”

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Four ancient artifacts were returned to Egypt by an American family in early June, announced the Egyptian Tourism and Antiquities Ministry.

All four had been part of a private collection belonging to a US citizen from Texas.

Following his death, his family reached out to the authorities regarding returning the artifacts to Egypt “in recognition of the civilizational and historical value they represent.”

An international legal expert was hired by the family to act as a liaison between them and the necessary Egyptian authorities.

The artifacts were received in Cairo by representatives from Egypt’s Supreme Council of Antiquities on June 5, before being transferred to the Egyptian Museum for further examination, documentation and restoration ahead of their display in the museum. 

What are the artifacts?

Included in the newly returned artifacts are a granite sphinx head, a bronze hippopotamus figurine, a double bronze statue of a king, and a bronze statue of the Egyptian deity Sobek.

Shaaban Abdel Gawad, director-general of the antiquities repatriation department at Egypt’s Tourism and Antiquities Ministry, noted that the granite sphinx head is the most prominent artifact to be recovered due to its significant artistic value. 

Dated to the 18th Dynasty of the New Kingdom, the figure is depicted as wearing the formal headdress of the pharaohs, the Nemes, decorated with a cobra. 

It is believed to be a portrait of either the 18th Dynasty Pharaoh Hatshepsut, one of the two known female rulers of ancient Egypt, or of her nephew, Thutmose III.

The recovered bronze hippopotamus figurine, covered with a distinctive green patina, dates back to the 12th Dynasty of the Middle Kingdom.

The double bronze statue depicts a king wearing the Hedjet (White Crown of pharaonic Upper Egypt) while being accompanied by the ancient Egyptian falcon-headed god Horus. It dates back to the 26th Dynasty of Egypt’s Late Period.

Also dating to the Late Period is the bronze statue of the ancient Egyptian crocodile god Sobek.

Egypt’s Tourism and Antiquities Minister thanked the American family for their gesture, adding that the recovery of the pieces reflects the growing global awareness of the importance of preserving cultural heritage.

US repatriates 13 artifacts to Egypt

The return of the four artifacts in early June follows an upward trend of international repatriation of cultural and historical artifacts to their home countries.

Back in April, the United States returned 13 artifacts to Egypt that had been smuggled from the country illegally. 

Among the 13 were an alabaster vessel dated to the seventh century BCE used for storing oils and perfumes, a kohl container from the New Kingdom in the shape of a monkey, a cosmetics container in the shape of a cat from the Middle Kingdom, a vessel from the Ptolemaic era, a ceremonial cup, and several other containers from the Middle Kingdom. 

Part of a vessel depicting a child hiding amid marsh plants, believed to be connected to the deity Horus the Child, a pottery piece in the shape of a duck from the Ptolemaic era, and a ceramic decoration bearing the head of the Greek god of wine Dionysus, were also returned. 

Further included in the returned artifacts was a statue of the ancient Egyptian goddess Isis in the form of Aphrodite (Greek goddess of love), dating back to the second century CE, and a block statue of an individual named “Ankh-en-Nefer” from the Late Period.

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Gulf states will likely be reluctant to contribute to the minimum $300 billion promised to Iran for reconstruction in the Memorandum of Understanding after months of unprovoked attacks, regional experts told The Jerusalem Post on Thursday.

US President Donald Trump denied on Wednesday the reports of the fund, asserting that neither the US nor Gulf partners would be expected to contribute to the endowment, though Vice President JD Vance earlier told CBS that Iran could receive a $300 billion reconstruction fund backed by Gulf states if it complies with the agreement.

The MoU demands “The United States of America undertakes with regional partners to develop a definitive, mutually agreed plan with at least USD 300 billion for the reconstruction and economic development of the Islamic Republic of Iran. The mechanism for the implementation of this plan will be finalized as part of a final deal within 60 days. All required licenses, waivers, and permissions needed for the relevant financial transactions will be granted by the United States of America.”

Such a commitment would not be easily accepted by Gulf States, Bahraini analyst Dr. Ahmed Alkhuzaie, a managing partner at Khuzaie Associates, told the Post. While Gulf states were likely relieved by what they see as a “tactical pause,” there is an obvious fear that the financial terms of the agreement would allow Iran to further destabilize the region.

The pause, which has allowed energy exports to finally continue after months of disruption, “welcomes a deeper unease,” he explained. There is a well-founded fear that the release of frozen Iranian funds and the lifting of sanctions could “empower Tehran’s regional networks of militias and proxies, reinforcing the very threats the MoU was meant to contain.”

$300 b. in funds frees resources for militias in Iraq, Syria, Lebanon, Yemen

Though the funds would undoubtedly help stabilize Iran’s flailing economy, he explained that it would also free resources for Iran to invest in its militias in Iraq, Syria, Lebanon, and Yemen, “that directly threaten Gulf security,” he highlighted.

“This is why Gulf leaders frame the MoU as fragile: while they welcome the ceasefire and reopening of Hormuz, they fear the agreement may empower Iran rather than restrain it.”

After suffering months of attacks from Tehran, the American commitment raises “the uncomfortable question of whether Gulf states would indirectly contribute to rebuilding the very adversary that targeted their infrastructure,” he noted, adding that Riyadh, Abu Dhabi, and Manama all feel that the fund “risks rewarding aggression and undermining deterrence.”

Even Muscat and Doha, the lowest advocates for mediation, would also “struggle to justify Gulf financial participation when public opinion remains raw from the damage inflicted on energy facilities, ports, and civilian infrastructure,” he claimed.

Saudi Foreign Minister Prince Faisal bin Farhan told al Arabiya on Wednesday that he had “no details” on the fund or the “concept behind it,” but admitted that there was a significant loss of trust in Iran, which was “only just” beginning to recover following the Beijing agreement in 2023. He asserted that the trust would need to be rebuilt before financial investments could be addressed.

With that mentality shared by regional leaders, Alkhuzaie said there has been a push to see the fund tied to verifiable limits on Iran’s “regional interference and nuclear ambitions. Without such safeguards, Gulf capitals worry that today’s truce could become tomorrow’s strategic miscalculation, leaving them to face a more resilient and emboldened adversary.”

Practically, there are also apparent limitations that need to be addressed. Investments, he noted, require conditions that Iran cannot yet meet, such as the aforementioned trust, legal protections, and political stability, he continued. “Between enemy states, this mechanism simply cannot function: investment is not just financial, it is also a vote of confidence in the host country’s future. In the case of Iran, the situation is even more stark.”

“Sanctions, opaque regulations, and the ever‑present risk of conflict make Iran an unattractive destination for foreign direct investment. For Gulf states that have suffered direct attacks, the idea of channeling funds into Iran’s reconstruction is not only politically implausible but economically irrational, as it would expose investors to heightened risks while strengthening a state still perceived as a strategic adversary,” he continued.

Tehran’s rampage halted, relieving Gulf states

International relations expert Dr. Arman Mahmoudian, research fellow at the University of South Florida’s Global and National Security Institute, took a slightly different stance, telling the Post that Arab states were likely relieved as the war’s extension meant facing off against an increasingly trigger-happy Tehran.

While not willing to risk the agreement by openly rejecting the promised fund, Mahmoudian stressed that the US made the sizable commitment on behalf of its allies, meaning that Arab states can maintain distance with the simple explanation that it was never their initiative.

Other states may also see the potential fund as an opportunity to cage Tehran in financial interdependence, he added. “By investing in Iran and becoming more valuable economic partners, they may hope to reduce the likelihood of being targeted by Tehran,” Mahmoudian said.

Oman was targeted significantly less than other Gulf countries during Tehran’s rampage, which notably came as the Islamic regime courted the country into a deal to govern the Strait of Hormuz together.

Though many states would be unwilling to threaten the agreement, Mahmoudian noted that there were deep concerns about what the MoU meant for the psychology of Tehran. Largely presenting itself as a victor in the negotiations, there is a fear that the regime could become “more assertive” and bolder in its moves across the region.

“The fact that Iran was persistent and successful in including Lebanon in the MoU suggests that Tehran has no intention of resetting or reducing its regional ambitions. This is one of the main issues that worries Arab states,” he noted, referencing the inclusion of Israel’s war against Hezbollah in the agreement.

Though Trump denied his goal was to install regime change, the war has restructured Tehran, leaving the Islamic Revolutionary Guards with greater power. The new status quo in Iran has Arab states feeling increasingly nervous, aware that the IRGC “has held a hostile view of the Arab states of the Persian Gulf, accusing them of collaborating with the United States, supporting Saddam Hussein during the Iran-Iraq War, and, in some cases, pursuing overt or covert normalization with Israel,” Mahmoudian continued.

Many of the IRGC’s more pragmatic voices were killed during the war, or the war in June, leaving “the likelihood of more radical and aggressive factions gaining influence is higher,” he highlighted.

Tempering the hardline voices is the fact that Iran has been in a near-constant state of instability. The June war, January protests, ongoing drought, years of sanctions, the blockade of Hormuz, damage to its proxy network, and the March war will likely mean Tehran avoids immediately provoking tensions, he theorized.

“Despite what it may gain from the MoU and any future deal, Iran has a great deal to reconstruct, recover, and rebuild, both domestically and regionally… Tehran is not in a position to enter another round of major hostilities. It needs a brief window for recovery,” Mahmoudian continued, though he disclosed he expected the regime to immediately begin refinancing and rebuilding its proxy networks.

Having learned the importance of maritime security through the blockade, Mahmoudian suggested that Iran’s first action would be to invest in the Houthis’ strength and loyalty, so that the Bab el-Mandeb Strait is ready for the next round of conflict.

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Robinhood Markets disclosed Tuesday that it will cut about 10% of its workforce, eliminating roughly 290 jobs, in a move chief executive Vlad Tenev described not as a retreat but as a deliberate effort to keep the company lean and fast-moving.

The cuts were announced in a Form 8-K filing with the Securities and Exchange Commission and laid out in a memo Tenev sent to employees, which the company later posted on X. In it, Tenev struck an unusual tone for a layoff announcement.

Robinhood’s business has never been stronger,” he wrote, before arguing that the company “cannot default to operating as a heavily-layered organization” and must instead be a “lean, hyper-focused team.”

The numbers back up the claim of strength, which is what makes the move notable. Robinhood, which employs about 2,900 full-time workers, said its trading volumes hit record levels in June across stocks, options and the fast-growing market for prediction-market contracts. The company recently reported a 15% jump in revenue, though its stock slipped at the time because the figure came in below what analysts had hoped.

Robinhood expects the cuts to cost about $28 million, including roughly $20 million in cash for severance and benefits and about $8 million in stock-based compensation, all to be recorded in the second quarter.

These are the company’s first layoffs in three years; the last came in 2022, when a cooling market and a crypto crash forced two painful rounds of reductions.

One detail stands out for what it leaves out.

A growing number of banks, fintech firms and payment companies cutting staff this year have pointed to artificial intelligence, saying software can now do work that once required people. Robinhood did not.

Tenev framed the decision purely as a matter of structure and speed, not automation, casting the smaller headcount as a way to push more responsibility onto fewer, higher-performing employees.

The backdrop is a broader wave of belt-tightening across financial technology and crypto.

Last month, Coinbase, one of the largest crypto exchanges, said it was cutting about 14% of its staff. Earlier in the year, Crypto.com and Algorand announced their own reductions.

The price of Bitcoin and other digital currencies has slumped, and trading has cooled from the frenzy of 2024, squeezing companies whose fortunes rise and fall with market activity.

What separates Robinhood is the framing: most of its peers are cutting because business slowed, while Robinhood says it is cutting from a position of strength.

Here is why it matters beyond Wall Street.

Robinhood is the app that pulled millions of ordinary Americans into investing for the first time, powering the meme-stock craze and turning phone-based trading into a mainstream habit.

When a profitable company posting record activity still decides to shed one in ten workers, it signals something about the moment: even healthy businesses are trimming management layers in the name of speed.

For employees across the technology sector, it is one more sign that the era of aggressive hiring has given way to a focus on doing more with less.

Investors gave the news a mixed reception.

Robinhood shares rose more than 2% early Tuesday before giving back the gains and turning lower later in the day, a sign that Wall Street is still weighing whether a leaner Robinhood means a stronger one.

For the roughly 290 people losing their jobs, the company said it would offer support through the transition.

For everyone else watching, the bigger question is whether “lean and disciplined,” the phrase Tenev keeps returning to, becomes the standard other strong companies adopt, even when business is good.

Wall Street — JBizNews Desk

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

Real estate fraud prevention firm CertifID has acquired CloseSimple, a closing experience platform used by hundreds of title companies, the companies announced Thursday.

Financial terms of the transaction were not disclosed.

The acquisition combines CertifID’s fraud prevention infrastructure with CloseSimple’s communication and automation capabilities — creating a unified platform that aims to address what CertifID CEO and co-founder Tyler Adams described as customer demand for both security and efficiency.

“What [CertifID and CloseSimple] found was that our customers were trying to pull us closer and closer by saying, ‘Well, security would be great, but it needs to have communication and automation, and for communication and automation to be great, it needs to have more security,’” he told HousingWire. “So, we started to build overlapping features and functionality to the point where our customers were like, ‘Guys, why don’t you just get together? Why aren’t you guys doing this now?’

“I couldn’t think of a more natural evolution of how the two businesses have evolved, and also, how now we’re coming together.”

The acquisition comes as title companies face what Adams described as a “dual threat” — losing younger homebuyers to competitors with more streamlined digital experiences while operating on infrastructure that makes them targets for fraud.

Millennials are now the largest cohort of active homebuyers and Gen Z is projected to account for 30% of all homebuyers by 2030, according to CertifID.

CertifID said it has now blocked more than $283 million in fraud attempts and recovered $132 million on behalf of clients since its founding.

A modern closing experience

Adams said the combined company envisions a closing experience that operates with minimal manual intervention.

“We really see it as this automated experience that just happens — like you’ve got buyers, sellers, real estate agents and title companies that are all being seamlessly guided from start to finish,” Adams said. “That would be without having to do a follow-up or remind somebody to complete something.”

He described a future where every action is automated and completed securely, with all parties receiving continuous updates through an agentic system.

“What that feels like as a consumer is this very safe, secure, simple process where purchasing a home — which is one of the most important purchases of your life and the most valuable — has this incredible experience and feeling around it,” Adams said. “That’s not what it is today, which is stress and nerves and this horrific feeling of, ‘What’s going to go wrong?’”

Integration and metrics

Adams emphasized that the CloseSimple team would remain intact following the acquisition.

“I can tell you right now, the CloseSimple team is here to stay,” he said. “This acquisition, in large part, came because we wanted to work with every member of their team. We wanted them to be involved every step of the way. Their platform is remaining — and they’re going to continue to utilize their experience.”

Adams also said the company aims to help title companies win more business by making their services more attractive to real estate agents and brokerages.

“We believe that real estate agents and brokerages are going to choose companies that are utilizing our software, because it’s going to make the experience that much better for the clients that they serve,” he said.

Security and convenience — no longer a choice

Adams said technology has evolved to the point where security no longer requires significant friction.

“When we first entered the market eight years ago, we really had to focus on security and security equaled friction,” he said. “I think as we’ve developed our security to be even stronger, we’ve been able to do it in a manner where the friction has been reduced, where it can kind of happen seamlessly behind the workflow that they’re already operating in.”

The combined company will deepen integrations with title production systems and accelerate the use of artificial intelligence across the closing workflow, according to the announcement.

“I think that the resounding thing that keeps coming back is around the quality of our two teams and the trust that people have in these two businesses to be able to deliver something great,” Adams said. “As title gets bigger and noisier and everything else is happening, we want to be the safe place that they come to — to know that they’ve got a partner to help build a great business in real estate.”

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

Good morning. There’s a lot of great reporting to share today, so be sure to read all the way through the newsletter. We won’t have a newsletter tomorrow, Juneteenth, so I’ll talk to you again on Monday.

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There is an ongoing heated debate about the positives and negatives of US President Donald Trump‘s new deal with Iran – a debate that will likely be resolved by whether a few major nuclear issues are properly resolved in the next several months.

But on Wednesday, Trump thrust himself into a major and unnecessary unforced error, actually proactively endorsing Iran keeping its ballistic missile program.

To understand why this statement was so much worse than anything else which has happened to date related to the deal, one needs to understand that the main reason Israel went to war in February of this year was not because of regime change (which was long shot), and not even because of the nuclear threat (which was already hammered in June 2025), but to get Tehran to back off an existential ballistic missile threat.

To clarify further, if the problem were just Iran having one or two missiles, as Trump seemed to be implying, there would be no problem.

Iran had 2,500-3,000 missiles for decades, and Israel was ready and able to defend against such an arsenal.

But in late 2024/early 2025, Iran learned how to hyper-speed up its ballistic missile production pace to 200-300 per month, something which could have gotten it to 4,000-6,000 missiles in 2026 and 8,000-10,000 missiles in 2027-2028.

Long before 2027, it appears that Iran would have hit a volume of missiles that Israel could not have defended sufficiently.

When Trump said that missiles can hit one target, but cannot destroy the world, he is either showing shocking ignorance or is trying to aggressively pull the curtain down over the public’s eyes.

The power of an Iranian ballistic missile

Israelis saw up close that one Iranian ballistic missile – as opposed to a weak Hamas or Hezbollah rocket – can destroy eight homes at once, wound dozens of people, and damage hundreds of nearby residences with the shock wave.

Iran fired around 550 missiles at Israel with around a 90% shoot down rate, leading to around 50 getting through and dozens killed, thousands hospitalized, and close to 30,000 property damage claims.

Imagine if it fired 5,000 missiles and “only” 10% got through, meaning 500 or 10 times what got through during this war.

Would Tel Aviv and Haifa be half-destroyed? Would thousands or tens of thousands be killed, and a much larger number wounded?

Preventing this is why Israel went to war in 2026.

Iran is down to 500-1,000 missiles right now and cannot rebuild in large numbers, probably for a couple of years – one of the biggest successes of the war.

And the Islamic Republic was never going to give away those 500-1,000 missiles, and it did not need to.

But there should have been a clear and unequivocal “opening the gates of hell” threat if Iran dared to try to cross a volume of missiles that would be more than Israel can handle.

Hopefully, at the negotiation table, Trump and his team will take a harder line on missiles, even if they do not remove them, by setting a cap.

If not, and if the Iranians take this statement as encouragement, Trump will have just made another war between Israel and Iran much more likely and much sooner than might have been.

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A San Diego resident was arrested on suspicion of raising hundreds of thousands of dollars for Hamas through fundraising campaigns that appeared to be humanitarian aid efforts for residents of the Gaza Strip, the US Justice Department announced Wednesday.

Reda Mazen Rida Sabassi, 38, of San Diego, California, was charged in a five-count criminal complaint with terrorism, sanctions evasion, wire fraud, money laundering, and making false statements, according to the Justice Department.

Sabassi was arrested Tuesday and appeared before US Magistrate Judge Steve B. Chu in the Southern District of California. If convicted, he could face significant prison terms. Each of the four charges carries a maximum sentence of 20 years in prison.

According to the complaint, Sabassi allegedly operated social media accounts, crowdfunding websites, and a purported charity called Ikram – The Arab Charity Foundation Inc. Through them, prosecutors said, he solicited donations from around the world, including from US citizens, while claiming that the funds were intended to provide humanitarian aid in the Gaza Strip. In practice, prosecutors alleged, the money was intended to support Hamas.

Court documents allege that between December 2023 and February 2024, Sabassi raised approximately $600,000. Of that amount, he allegedly sent approximately $116,000 to a Hamas member and attempted to convert approximately $382,000 into cryptocurrency in order to transfer the funds to Hamas through Gaza Now, a Hamas-linked fundraising organization.

Sabassi publicly expressed support for Hamas on social media

Investigators also alleged that Sabassi publicly expressed support for Hamas on social media. Among other things, he allegedly created an hour-long propaganda video about the October 7, 2023, Hamas massacre and posted it to at least two social media accounts that he controlled, including around the second anniversary of the massacre.

The complaint further alleges that in private conversations with one of his co-conspirators, the two joked about naming the fundraising campaign after the Izzadin al-Qassam Brigades, Hamas’s military wing, before ultimately deciding to use the name of Sabassi’s charity, Ikram.

Assistant Attorney General for National Security John A. Eisenberg said Sabassi allegedly exploited the October 7 attacks in order to draw donors to fraudulent “humanitarian” causes.

“He allegedly raised hundreds of thousands of dollars through this scheme, which he then funneled to Hamas to help finance that group’s terror and violence and to line his own pockets,” Eisenberg said.

US Attorney says Hamas had promoted attacks against the US and murdered dozens of Americans in acts of terrorism

US Attorney Jay Clayton for the Southern District of New York said Hamas had promoted attacks against the United States and murdered dozens of Americans in acts of terrorism.

“Our arrest of Reda Sabassi demonstrates our whole-of-government commitment to prosecute those who provide financial support to a malign terrorist regime that hates America,” Clayton said.

The FBI also stressed the severity of the allegations.

“The defendant allegedly claimed to be raising money for charity but was actually funding the terrorist organization Hamas and also lining his own pockets,” said Donald Holstead, assistant director of the FBI’s Counterterrorism Division.

The Justice Department said the charges are accusations and that Sabassi is presumed innocent unless proven guilty in court.

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New secret Hamas internal documents have been provided by IDF intelligence to the Meir Amit Terrorism and Intelligence Research Institute, which provided them exclusively to The Jerusalem Post on Thursday.

An analysis by the Amit center includes six documents viewed by the Post, of which three are covered in this article, showing the progression of Hamas’s secret plans from 2022-2023 to systematically deceive Israel into complacency so as to surprise the IDF during the October 7, 2023, massacre.

A Hamas document planning the deception plans surrounding the October 7 massacre. (credit: THE MEIR AMIT INTELLIGENCE AND TERRORISM INFORMATION CENTER)

Although much is already known by now about Hamas’s deception, these original documents have not previously been viewed by the public and reveal a variety of new pieces of the puzzle of Hamas’s strategy and tactics.

The first document is from September 13, 2022, and is titled Building a Strategic Deception Plan Which Will Be the Basis for a Surprise Attack by Hamas on Israel.

Section 5 of the document emphasized Hamas’s need “to formulate a multi-disciplinary strategic deception plan (diplomatic-military-economic-public relations) which will include advancing the exchange issue [ongoing negotiations at the time to return two living and two deceased Israeli citizen held hostage by Hamas even prior to 2023] with prime minister [Yair] Lapid [Lapid was prime minister from mid-2022-December 2022].”

A Hamas document planning the deception plans surrounding the October 7 massacre. (credit: THE MEIR AMIT INTELLIGENCE AND TERRORISM INFORMATION CENTER)

Hamas outlines strategy of normalizing border activity ahead of attack

It also highlighted Hamas operatives “building the military [border] positions at a normal pace and continuing drills in a routine manner until the opening of the pressure campaign, which will provide an appropriate excuse for reducing (open military activities).”

Section 6 said that Hamas would “act to summon the Nukhba Force fighters repeatedly and in different ways, and in a manner which would cause ‘the enemy’ [Israel] to lose the ability to identify the moment of the attack.”

According to Section 7, Hamas should put special efforts into evaluating special moments when its forces would be extra ready for an attack and when Israel and the IDF would have a reduced focus on defending from an attack.

In Section 8, Hamas recommended not only having the pattern of certain forces going to and from the border for drills to increase and be carried out in a way to confuse the IDF, but also that high level commanders be frequently sent to the border and that the broader volume of Hamas terrorists on the border be increased to make it even more difficult for the IDF to notice that anything unusual might happen.

The Amit Center then notes in its own analysis that top Hamas officials had proudly admitted after October 7 that they had utilized a systematic deception plan to fool Israel and the IDF into a sense of complacency and that the Gaza terror group was too deterred to mount any real threat.

According to the Amit Center, this deception plan included Hamas standing down during multiple rounds of conflict between Israel and Palestinian Islamic Jihad, even at the cost of looking weak in the Strip in the short term.

A Hamas document planning the deception plans surrounding the October 7 massacre. (credit: THE MEIR AMIT INTELLIGENCE AND TERRORISM INFORMATION CENTER)

Hamas documents describe effort to mislead Israel into complacency

Top Hamas officials were totally willing to look weaker in the short term in order to fool Israel so that their larger “Big Project” surprise attack plan on Israel would later fully catch the Jewish state off guard.

In the intelligence center report, top Hamas officials are quoted as saying they “undertook unprecedented intelligence tactics to confuse Israel, including convincing Israelis that Hamas was afraid to go to war and just wanted to improve its economic situation.

According to the report, Hamas continued to send deceptive and pro-negotiation messages to Israel even in the days before October 7.

Next, from a year later, there is a September 25, 2023 document, Document Five, entitled “Situational Update Regarding the Second Stage of Pressure” from Mohammed Odeh [later became Hamas’s chief briefly in May 2026 before himself being assassinated] to Yahya Sinwar.

According to the document, “The additional pressure on ‘the enemy’ caused it to work more intensely with ‘middle-man negotiators’ [such as the Qataris] to calm the situation. ‘The Movement’ [Hamas] presented official updated conditions regarding humanitarian aid.”

Regarding strategy leading up to the invasion, which ended up taking place only two weeks later, the document emphasized the importance of the continuation of the marches until Hamas’s goals would be achieved.

A Hamas document planning the deception plans surrounding the October 7 massacre. (credit: THE MEIR AMIT INTELLIGENCE AND TERRORISM INFORMATION CENTER)

“Experience has shown that the enemy only responds to pressure. Jewish holidays represent opportunities in the short term,” and in the medium term, there is a desire to calm matters in order to facilitate normalization with the Saudis and to avoid any connection between the different fronts, said a Hamas analysis of the current situation.

Document details calibrated pressure and negotiation timeline

Next, the document said that pressure must be based on “political motivations and goals, including pressure, clear presentation of demands, and giving the enemy a reasonable time to respond.”

Further, the document stated, “Our humanitarian goals are limited, and we can achieve them through patience and continuous pressure so that the amount of pressure and effort is attuned to the scope of the achievements.”

In addition, the document said that the pressure should continue on September 24, but should be reduced on September 25-27. “This brief amount of time will allow the enemy time to respond, time to speak to the negotiators, and time to move more personnel and resources toward the border, in order to inflame it more,” on September 28-29.

Moreover, the document said that, “the Movement should ensure that other armed groups do not overheat conflict on the border, which could be used to undermine Hamas’s control of the national narrative [and by extension the future of the Big Project].”

After that, Hamas’s internal analysis, the document issues a list of specific recommendations.

These recommendations included that, “It is critical to push into the public sphere the slogans which will ignite the situation, such as al-Aqsa, security prisoners, enemy aggressiveness against West Bank Palestinians, removing the Gaza sea blockade, the right to work, the right to travel, and the right to medical care” without being extorted at the Erez Crossing. “These must be inculcated with determination into the national Palestinian consciousness,” added the document.

Next, it recommended that all military forces be kept up to date and ready to act.

Also, the document said there needs to be comprehensive efforts with Qatar, Turkey, Algeria, and Kuwait to keep pressure on Israel to improve the humanitarian and unemployment situation.

Curiously, Hamas recommended that a civilian delegation be sent to visit parliaments around the world to rally support for ending the sea blockade of Gaza and to encourage weekly and monthly protests outside American embassies worldwide for the same goal.

Hamas seeks to broaden conflict by linking regional territorial claims

Another strategy from Hamas was to press for tying the Palestinian cause to the cause of restoring territory from Israel to Syria, Lebanon, and Jordan.

Document Six from October 2, 2023, only five days before the invasion, is a “List of Those in Attendance from a Transcript of the Political Bureau of Hamas,” – which was the last major meeting of the specific high committee.

Out of 22 members of the committee, the transcript noted that seven members were not present, including Khalil al-Hayya, Bassam Naim, and Kamal Abu Oun, with the reason for their absence labeled as “travel.”

Hayya, who was Yahya Sinwar’s top aide at the time, would fly to Qatar and serve as the main negotiator for Hamas over hostages and ceasefires over the course of the war.

He remains one of Hamas’s top officials, though so many of the terror group’s top officials have been killed by the IDF that there is currently some ambiguity about exactly who has which authorities.

Since Odeh was killed, Hamas has not announced a new military leader.

The Amit Center is unique because it is run by former top officials from IDF intelligence, the Mossad, and the Shin Bet, in addition to talented outside researchers, and has had special access to Hamas documents seized by IDF intelligence, on top of its high-level open source research.

Its current head is Col. (res.) Shlomo Mofaz.

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Hassan Khomeini, grandson of the founder of the Islamic regime, Ruhollah Mostafavi Musavi Khomeini, hailed the Memorandum of Understanding (MoU) as a major “victory” for Tehran, promising that the “greater jihad” would now begin, according to a speech aired by state media earlier this week.

Khomeini advised that to maintain victory, Iranians “must stay away from pointless disputes, disputes that are the product of ego and self-centeredness.”

While it is unclear which disputes he was referring to, the regime has struggled to suppress growing domestic dissent, most visibly during the January demonstrations that erupted over the country’s worsening economic conditions.

Human rights organizations say tens of thousands of protesters were killed and tens of thousands more detained by security forces. During the crackdown, the regime imposed a nationwide internet shutdown, preventing independent observers from documenting and investigating the repression.

The war with Israel and the United States has also led many to witness seeming divides in the regime’s senior leadership. Criticism from Iranian parliamentary hardliners, unapproving of the MoU, has led to a number of street demonstrations by the regime’s supporters.

Terms favorable to the regime, though many Iranians condemn MoU

The hardline Paydari Front has vocally condemned the regime for engaging in the negotiations, despite many experts viewing the agreed-upon terms as largely favorable to the regime.

At some demonstrations, protesters have even been recorded calling for the execution of Iran’s foreign minister, Abbas Araghchi.

“The kind of actions the Americans took could have brought many countries to their knees,” Khomeini said of the US’s blockade of the Strait of Hormuz. “The capacity of the Islamic Republic and the people of Iran is extremely great; that is the lesson we take from all of this.”

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US President Donald Trump reportedly received a warning in recent weeks that keeping the Strait of Hormuz closed would “trigger a global recession – not just in the US, but across the entire world.”

The warning came from several economists and senior Trump administration officials.

As a businessman, Trump was deeply concerned by these warnings. They were reinforced by arguments from top White House aides and Republican Party figures that if the war with Iran continued and fuel prices for US consumers rose, then Republicans would almost certainly lose the November midterm elections.

Such a loss would hand Democrats control of both the House of Representatives and the Senate, effectively preventing Trump from advancing his agenda during the final two years of his presidency.

These concerns were likely a major factor behind Trump’s decision to reach an agreement with Iran, even at the cost of making significant concessions.

Just a month earlier, he told reporters that “economic considerations are not a factor in war, and the only thing driving me is the desire to prevent a nuclear Iran.” But at a press conference held on Wednesday in France, his tone had changed. “I wanted to prevent an economic catastrophe,” Trump said.

Trump says desire to avoid being remembered as this generation’s Herbert Hoover

“There is only one president I never want to become, and that is Herbert Hoover,” he added.

The Great Depression, which began with the dramatic collapse of Wall Street in 1929 during Hoover’s presidency, triggered a severe economic crisis in the US and around the world that lasted more than a decade.

Within the US, unemployment reached 25%, and GDP contracted by 60%. The economic turmoil abroad caused severe hardship and soaring unemployment in Germany, contributing to the rise of the Nazis in 1933 under the claim that “our enemies and the Jews want to weaken us,” and ultimately paving the way for World War II several years later.

Hoover failed to address the economic crisis effectively, and when he ran for re-election in 1932, eggs and rotten vegetables were thrown at his car. He was eventually defeated in a landslide by Franklin Delano Roosevelt.

Economic concerns, fear of Republican losses in election, explain Trump’s rush to sign Iran MoU

These concerns help explain why Trump repeatedly emphasizes the reopening of the Strait of Hormuz as one of the key achievements of the Memorandum of Understanding with Iran.

“Not a single dollar will come from the pockets of American taxpayers, and fuel prices will fall,” Trump and senior members of his administration have repeatedly said.

In other words, as James Carville, the strategist behind Bill Clinton’s election victory in 1992, famously put it: “It’s the economy, stupid.” Once again, the economy dictated the outcome: First end the war, then deal with everything else afterward.

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Former prime minister Naftali Bennett established an advisory committee on artificial intelligence ahead of the upcoming elections to advance and develop a long-term national policy on AI, his office announced on Wednesday.

The plan is said to be aimed at boosting the country’s technological edge and positioning Israel as a global and regional leader in artificial intelligence.

Bennett’s Together Party is one of the leading parties in the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu in the upcoming elections, which are set to take place no later than October 27. 

His party merged with opposition leader Yair Lapid’s Yesh Atid in April.

The AI advisory committee will work to develop policy recommendations for the government in areas that include innovation, education, regulation, and security, Bennett’s office stated.

AI opportunities and challenges for Israel’s economy, society, security

The committee is said to be aimed at promoting the use of AI technologies for the benefit of the public and the economy.

The committee is also expected to examine the opportunities and challenges posed by AI for the country’s economy, society, and security. 

Bennett’s office noted that the initiative seeks to strengthen Israel’s advantage in a field that has yet to reach its full potential.

The committee includes several experts in AI, technology, academia, and the technology industry, among them Prof. Yoav Shoham, professor emeritus of Computer Science at Stanford University; Daniel Schreiber, co-founder and CEO of Lemonade; and Prof. Meir Feder, founder and head of the Center for Artificial Intelligence and Data Science at Tel Aviv University.

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A 21-year-old Israeli man was arrested in Cyprus on Wednesday for attempted murder after allegedly stabbing three people.

A local youth and two security guards were stabbed during the brawl, which occured outside of a nightclub on Louka Louka Street in the resort town of Ayia Napa at around 4:30 a.m.

A 22-year-old Israeli, a friend of the suspect, was also injured and arrested for his suspected involvement in the incident.

According to the investigation by the Famagusta District Police, the two Israelis got into a dispute with a Cypriot youth. Two security guards from the nearby club rushed to separate the parties, at which point the 21-year-old suspect allegedly drew a knife and stabbed all three of them.

The 25-year-old security guard was stabbed in the abdomen and underwent emergency surgery; his condition is serious but stable, and it has been reported that he is out of life-threatening danger. The second security guard, aged 41, was stabbed in the leg. The Cypriot youth was also injured.

Knife seized at scene, additional charges added for breach of public order

The 22-year-old Israeli sustained head and facial injuries during the brawl.

A knife was seized at the scene and taken into evidence. When police officers arrived at the location, the primary suspect cursed at them, leading to an additional charge against him – breach of public order and insulting public servants. The court in Paralimni extended his detention by eight days, and the investigation is ongoing.

Ayia Napa, the popular resort town in Cyprus, is known for its vibrant nightlife but also for periodic incidents of violence involving tourists.

Cypriot authorities have not yet released further details regarding a motive.

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Kevin Warsh announced the Fed’s decision to hold rates steady at his first FOMC meeting Wednesday and deliberately avoided forward guidance, leaving markets to price in a rate hike by year-end as Bitcoin (CRYPTO: BTC) faces a fresh headwind.

Warsh Killed Forward Guidance and Nine Committee Members Want a Rate Hike

The FOMC statement under Warsh ran barely half a page compared to the page-and-a-half releases under Jerome Powell

Warsh did not add his own position to the dot plot. Nine committee members already project a rate hike before year-end, and the CME FedWatch tool shows markets pricing only a 15% chance that rates stay flat through December.

Analyst Benjamin Cowen argued Wednesday that the pricing-in of a rate hike is itself the headwind, regardless of whether one actually happens. 

Bitcoin depends on looser monetary policy to outperform, …

Full story available on Benzinga.com

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Qantas plans to launch what it says will be the world’s longest nonstop commercial flight in October 2027, connecting Sydney and London with a journey expected to last up to 22 hours.

The Australian airline announced Wednesday that nonstop flights between the two cities will begin operating as part of its long-awaited Project Sunrise initiative, which aims to connect Australia’s east coast directly with major global destinations.

Qantas unveiled the first of its specially configured Airbus A350-1000ULR aircraft at Airbus’ manufacturing facility in Toulouse, France. The aircraft has been modified for ultra-long-haul travel and includes an additional 20,000-liter fuel tank that allows it to travel more than 16,000 kilometers, or nearly 10,000 miles, nonstop.

The Sydney-London route will become the first nonstop service between Australia’s east coast and the United Kingdom. According to Qantas, the flights will reduce travel time by as much as four hours compared with existing one-stop itineraries.

GSA SELLS OLD POST OFFICE BUILDING IN WASHINGTON, ONCE HOME TO TRUMP HOTEL

“Since we first flew the Kangaroo Route in 1947, where we stopped seven times on the way to London, every generation of aircraft has taken a stop out of the journey,” Qantas Group CEO Vanessa Hudson said in a statement. “Today, we’re taking out the last one.”

The launch marks a significant milestone for Project Sunrise, an initiative first announced by Qantas in 2017 to push the limits of commercial long-haul travel.

Qantas said the A350-1000ULR aircraft were designed specifically for the project and will carry 238 passengers across four cabin classes. The airline plans to take delivery of 12 of the aircraft.

The carrier said nonstop Sydney-London flights will go on sale in February 2027 ahead of the service launch later that year.

The route is expected to surpass Singapore Airlines’ nonstop service between Singapore and New York, currently regarded as one of the world’s longest regularly scheduled commercial flights.

‘THAT GUY’S INSANE’: FAA INVESTIGATES AIRSPACE INCIDENT INVOLVING JETBLUE FLIGHT, OTHER AIRCRAFT

Qantas cited recent research showing growing demand for ultra-long-haul travel, with 70% of surveyed Australians indicating they would consider booking a nonstop flight of that length. Among premium travelers, interest rose to 80%, according to the airline.

The company said more than 1.7 million passengers have flown on its existing nonstop long-haul routes since 2018, including services linking Perth with London, Rome and Paris.

Qantas plans to expand Project Sunrise beyond London. The airline confirmed that Sydney-to-New York will be the next route added to the network, with additional details expected next year.

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The airline said pilots, cabin crew and maintenance personnel are already undergoing training ahead of the aircraft’s arrival and entry into service.

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Dream, a company that builds artificial intelligence and cyber‑defense systems for governments and critical infrastructure, has raised $260 million in new funding, pushing its valuation to $3 billion just three years after its founding.

The round was co‑led by Bicycle Capital and Group 11, with additional participation from Antler, Bain Capital Ventures, Tru Arrow Partners, and other investors. The company said the financing follows nearly $300 million in total contract value since it began commercial operations in late 2024.

Dream positions its technology as sovereign AI, with its platforms designed to run entirely within government‑governed environments, allowing national authorities to secure and use their data without depending on foreign technology providers.

Sebastian Kurz, Dream’s president and co-founder, said governments are moving from asking whether to use AI to determining how to maintain control over it. He described sovereign AI as a foundation for national resilience and competitiveness.

Speaking to The Jerusalem Post from Tel Aviv, Kurz said that he and Hulio started Dream together “with the idea that AI would change the world and how cyber attacks are working.”

And as the United States and China continue to lead the AI sovereignty race, “other countries need this technology and not be dependent on others.” 

According to him, Europe is behind in the race, “and this is why we, as a European-Israeli company, can contribute a lot.” 

“Nations will become supernations if they use AI,” Kurtz said. “In the past, a nation was a super nation if they had nuclear power. But if you look to the future, things will be more digital. Cyber, quantum, and AI will be the key.”

Shalev Hulio, Dream’s co-founder and CEO, said the rise of AI represents a shift comparable to earlier eras of strategic infrastructure investment, which were the foundation of economic growth and national security. He explained that the company’s mission is to help governments protect and operationalize their information as AI becomes central to national security and public services.

“Land created empires. Industry created nations. Artificial intelligence will create the next super nations,” he said. “Every nation has data. Few can protect it. Fewer can use it. Sovereign AI is the key. We built Dream to help governments secure their information, transform it into knowledge, and convert that knowledge into national capability,” he shared. “The future of a nation should never depend on technology it does not control.”

The former chancellor of Austria said that the disruptive power of AI will allow for more efficiency across all sectors. Dream, he explained, offers “AI in a box. Systems that are built for nations and critical infrastructure.”

Dream currently offers three main platforms. Sphere provides unified national‑level cyber defense capabilities, combining cyber intelligence, exposure management, attack‑path analysis, digital‑twin modeling, and AI‑driven detection and response. 

Hero functions as an autonomous AI security researcher that identifies vulnerabilities and continuously tests defenses. Atlas is the company’s sovereign AI system, designed to connect fragmented government data and generate structured insights within secure, government‑controlled environments.

“The future is all about data,” Kurtz told the Post. “You just need the capabilities to make something out of it.”

Growing footprint

Investors said the company is emerging at the intersection of AI, cybersecurity, and government technology. 

“Governments around the world are increasingly seeking secure and sovereign ways to deploy artificial intelligence,” said Shu Nyatta, co-founder and managing partner of Bicycle Capital. “Dream has built a unique platform at the intersection of AI, cybersecurity, and government technology. The company is defining one of the most important technology categories of the coming decade.”

Founded in 2023 by Hulio, Kurz, and Gil Dolev, Dream employs about 350 people across Tel Aviv, Abu Dhabi, and Vienna. The company said the new capital will accelerate deployment of Dream’s sovereign AI and national cyber defense platforms across Europe, the Middle East, Asia, and the Americas. With the latest round, Dream has raised $412 million to date.

In February, the company opened a sovereign AI data center near Modi’in. The facility, which is part of a tens‑of‑millions‑of‑dollars investment, is designed to serve national agencies and critical infrastructure operators that require full control over data, model training, and deployment environments.

The data center includes a GPU cluster built on NVIDIA B200 systems, enabling DREAM to train proprietary language models and domain‑specific AI systems. The company develops its own models rather than relying solely on public foundation models, targeting sectors such as cybersecurity, healthcare, transportation, and finance, as well as decision‑support systems for government agencies.

With the data center in Moddin, DREAM aims to strengthen its role in Israel’s growing AI ecosystem, which includes defense‑oriented AI initiatives, secure cloud environments, and national cyber capabilities. The company said the facility will support long‑term investment in AI systems that must operate under the highest levels of security, reliability, and accountability.

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Foreign Minister Gideon Sa’ar is severing all ties with EU Foreign Policy Chief Kaja Kallas, following her remarks she made during her recent visit to Mexico, comparing Israel to the racist South African apartheid regime, he announced in a Thursday X/Twitter post.

“Ms. Kallas…has for some time now been acting obsessively and with blatant unfairness toward the State of Israel,” Saar said in his statement.

To date, Kallas has neither denied nor clarified, nor responded, which prompted the foreign minister’s decision.

The foreign minister applauded European officials who condemned her remarks.

“I have no choice but to sever all contact with Ms. Kallas until she retracts the blood libel she directed at the world’s only Jewish state, which is also the only democracy in the Middle East,” the statement said.

“And this is what I am doing,” he concluded.

Kallas reaffirms EU’s commitment to Israel, two-state solution

Kallas responded to Sa’ar, reaffirming EU-Israel relations on X, Thursday.

“I value our dialogue and engagement, and I’m open to continue in that spirit, respectfully and constructively…The EU is always committed to a constructive relationship with Israel,” Kallas said. 

Kallas also reaffirmed support for a two-state solution while condemning “illegal settlements” in the West Bank.

“To bring peace to the Middle East, the Two-State Solution remains the only viable path. The EU has condemned the illegal Israeli settlements in the West Bank, which make it increasingly difficult to get to that goal. That is the EU position,” the statement concluded.

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This is the online version of Adam’s Biotech Scorecard, a subscriber-only newsletter. STAT+ subscribers can sign up here to get it delivered to their inbox.

I am entirely enthralled by the World Cup. I am watching a ton of soccer on TV. I love the Tartan Army that has invaded Boston for Scotland’s games at Gillette Stadium. Tiny Cape Verde drawing mighty Spain was incredible. Messi, 39, playing in his sixth (!) World Cup, is still the GOAT. 

And England still hasn’t played but will in a couple of hours, as I get this newsletter finished on Wednesday afternoon. Olé!

Programming note: This newsletter is taking a holiday next week but will be back in your inboxes July 2.

What Soon-Shiong says vs. what he has delivered

I’ve taken a good bit of heat (and hate) from online fans of Patrick Soon-Shiong who view the billionaire physician as a selfless scientist/entrepreneur trying to rid the world of cancer. That’s a laudable goal, of course, except Soon-Shiong’s proclamations are mostly fluff, financially self-serving and have led to FDA wrist-slapping.

A wide gap exists between what Soon-Shiong says his cancer drugs can achieve and what they actually do, based on real clinical evidence.

Pancreatic cancer is an instructive and presently relevant example. Long before Soon-Shiong became rich and famous, he treated diabetic patients with pancreas transplants and performed surgery on patients with pancreatic cancer. A desire to transform the treatment of pancreatic cancer with novel immunotherapies inspired Soon-Shiong’s “Bioshield” mission, according to his own treatise.

Continue to STAT+ to read the full story…

This post was originally published here

This is the online version of Adam’s Biotech Scorecard, a subscriber-only newsletter. STAT+ subscribers can sign up here to get it delivered to their inbox.

I am entirely enthralled by the World Cup. I am watching a ton of soccer on TV. I love the Tartan Army that has invaded Boston for Scotland’s games at Gillette Stadium. Tiny Cape Verde drawing mighty Spain was incredible. Messi, 39, playing in his sixth (!) World Cup, is still the GOAT. 

And England still hasn’t played but will in a couple of hours, as I get this newsletter finished on Wednesday afternoon. Olé!

Programming note: This newsletter is taking a holiday next week but will be back in your inboxes July 2.

What Soon-Shiong says vs. what he has delivered

I’ve taken a good bit of heat (and hate) from online fans of Patrick Soon-Shiong who view the billionaire physician as a selfless scientist/entrepreneur trying to rid the world of cancer. That’s a laudable goal, of course, except Soon-Shiong’s proclamations are mostly fluff, financially self-serving and have led to FDA wrist-slapping.

A wide gap exists between what Soon-Shiong says his cancer drugs can achieve and what they actually do, based on real clinical evidence.

Pancreatic cancer is an instructive and presently relevant example. Long before Soon-Shiong became rich and famous, he treated diabetic patients with pancreas transplants and performed surgery on patients with pancreatic cancer. A desire to transform the treatment of pancreatic cancer with novel immunotherapies inspired Soon-Shiong’s “Bioshield” mission, according to his own treatise.

Continue to STAT+ to read the full story…

This post was originally published here

UFC is all in on America 250. 

UFC announced the launch of exclusive limited-edition apparel collections with four brands that have integrated themselves into streetwear culture: Anti Social Social Club, Warren Lotas, ID Supply Co., and Culture Kings. 

The limited-edition apparel collections made their debut on the White House South Lawn on Sunday during the UFC Freedom 250 spectacle and have flown off the shelves.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

The collaborations were a massive hit, as they set an all-time UFC merchandise record for a single event. They also doubled the company’s previous revenue record.

Within the collection there are T-shirts, hoodies, mugs, and more that combine America 250 and UFC into one. 

Anti Social Social Club is a Los Angeles-based brand whose deliberately limited released helped grow a massive and dedicated following in streetwear. For the UFC Freedom 250 collection, the Anti Social Social Club brought its signature aesthetic to the world’s premier mixed martial arts organization. 

ZERO BS. JUST DAKICH. TAKE THE DON’T @ ME PODCAST ON THE ROAD. DOWNLOAD NOW!

Warren Lotas is also a Los Angeles-based artist and designer whose dark aesthetic, unapologetic style and hand-drawn imagery have become iconic, making him one of the most recognizable and sought-after names in streetwear. He released a fighter-themed T-shirt collection in the UFC Freedom 250 drop. 

ID Supply Co. the premium merchandise house and brand licensing group, created a graphic T-shirt line that showcases the historic UFC Freedom 250 card.

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Culture Kings offered UFC Freedom 250 fighter-themed T-shirts as the final part of the campaign. The collections are available on the UFC Store’s website but are quickly selling out. 

The UFC Freedom Spectacle saw 14 fighters compete in the cage, with an estimated 4,300 people in attendance. 

Follow Fox News Digital’s sports coverage on X, and subscribe to the Fox News Sports Huddle newsletter.

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Even if the war in Iran ends, the price increases it set off are not going to disappear with it. That is the message coming from senior officials at the European Central Bank (ECB), who raised interest rates last week and warned that the energy shock has already worked its way too deeply into the economy for a peace deal to reverse on its own.

On June 11, the ECB lifted its key deposit rate by 0.25 percentage points to 2.25%, marking its first rate increase since 2023 and the first move by a major central bank in response to the surge in oil and natural-gas prices triggered by the conflict. ECB President Christine Lagarde said the decision was unanimous and reflected concerns that inflation pressures created by the war were becoming more persistent.

The bank’s chief economist, Philip Lane, explained the concern in simple terms: inflation can outlive the event that caused it.

Once higher energy costs begin spreading through wages, transportation, food, manufacturing, and everyday services, they develop momentum of their own. A manufacturer facing higher electricity costs raises prices. Workers facing higher living expenses seek larger wage increases. Businesses then raise prices again to offset higher labor costs. Economists call this process “second-round effects,” and it is the part of inflation that does not disappear simply because a ceasefire is signed.

That concern helps explain why policymakers remain cautious despite signs that the fighting may be winding down.

The numbers remain troubling. Inflation across the 20 nations that use the euro climbed to 3.2% in May, significantly above the ECB’s 2% target. The central bank now expects inflation to average roughly 3% this year, up from the 2.6% forecast it issued in March, before gradually returning toward target by 2028.

At the same time, economic growth remains weak. The ECB now expects the euro-area economy to expand just 0.8% in 2026, after posting only 0.1% growth during the first quarter. That combination of slowing growth and elevated inflation presents one of the most difficult challenges central bankers face.

A peace agreement may help, but not as quickly as many consumers hope.

The closure of the Strait of Hormuz, which normally handles roughly a quarter of the world’s seaborne oil shipments, disrupted global energy markets for months. In addition, attacks on energy facilities across the Gulf region damaged infrastructure and restricted supplies.

Even as shipping resumes and tensions ease, energy markets cannot immediately return to normal. Facilities must be repaired, inventories replenished, and transportation networks stabilized. Much of the economic damage has already been built into business contracts, household budgets, and corporate expectations.

Not everyone believes the ECB will continue raising rates aggressively.

Mark Wall, chief European economist at Deutsche Bank, described the latest increase as a significant milestone but cautioned that interest-rate hikes can only do so much when inflation originates from a supply shock rather than excessive demand.

Higher rates may cool spending, but they do not produce more oil, natural gas, or electricity.

That reality creates a difficult balancing act for policymakers. Raise rates too aggressively and they risk pushing an already fragile economy closer to recession. Move too slowly and inflation could become entrenched.

For households and businesses, the consequences are becoming increasingly visible.

Borrowing costs are rising just as economic growth weakens. Businesses face higher financing expenses while still coping with elevated energy and transportation costs. Families carrying mortgages, auto loans, or credit-card debt may find monthly payments becoming more burdensome even if fuel prices eventually begin to decline.

The divide among major central banks adds another layer of uncertainty.

While the ECB has chosen to tighten policy, the Federal Reserve in the United States and the Bank of England have so far held rates steady, reflecting a belief that much of the energy shock may eventually fade on its own. The ECB has taken a different view, concluding that inflation risks are too serious to ignore.

Those differing approaches can influence currency values, trade flows, investment decisions, and the cost of doing business across global markets.

What happens next depends largely on whether the energy shock leaves lasting scars.

ECB officials have signaled that another rate increase could come as soon as July if inflation remains elevated, though they have emphasized that future decisions will depend on incoming economic data.

For now, Europe’s central bankers are sending a clear message: even if peace arrives, the economic consequences of the conflict may linger far longer than the fighting itself.

Frankfurt – JBizNews Desk

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Bitcoin (CRYPTO: BTC) is pulling back near the $64,000 level, but some crypto-linked equities are telling a stronger story: Galaxy Digital Inc. (NASDAQ:GLXY) and BitMine Immersion Technologies Inc. (NYSE:BMNR) have climbed into top-tier momentum zones.

At last check, Bitcoin traded around $64,200, down about 1.9% over 24 hours, with the world’s largest cryptocurrency still nearly 49% below its all-time high of $126,198.07.

Crypto Stocks Outrun Bitcoin

According to Benzinga Edge Stock Rankings, BitMine Immersion Technologies posted a week-on-week jump in its momentum score from 80.29 to 91.08. The stock was down 42.17% year-to-date, 20.99% over the month, but it gained 225.73% over the last year.

Benzinga Edge Stock Rankings for BMNR.

Meanwhile, Galaxy Digital’s momentum score rose from 86.71 to 90.87, despite having a poor growth score. The stock was 47.76% higher YTD, 11.58% over the month, and 78.69% over the year.

Benzinga Edge Stock Rankings for GLXY.

Robinhood Markets Inc. (NASDAQ:HOOD), another crypto-adjacent stock tied to retail trading activity, also showed strength with a momentum score of 75.60, rising from a mere 20.55 score.

It maintained a strong price trend in the short and medium terms but a weak trend in the long term. The stock …

Full story available on Benzinga.com

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Shiba Inu’s (CRYPTO: SHIB) official X account highlighted on Wednesday the approval of a new exchange-traded fund that could hold SHIB, signaling growing institutional recognition for the memecoin.

SHIB Achieves Regulated Entry In Wall Street

The SEC approved the T. Rowe Price Active Crypto ETF last week, which is slated to list on the NYSE Arca exchange under the ticker TKNZ.

The T. Rowe Price Group Inc. (NASDAQ:TROW), a global investment firm with over $1 trillion in assets under management, is expected to hold multiple cryptocurrencies in the fund, with SHIB classified as one among the many “eligible” assets.

“‘Just a meme coin,’ they said,” SHIB’s X account noted, countering the long-standing skepticism that memecoins work purely on speculation and are not fit to be institutional-grade assets.

Full story available on Benzinga.com

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The Federal Reserve left interest rates unchanged Wednesday, but its latest projections delivered a surprise: more policymakers now expect the next move to be a rate increase rather than a rate cut.

In its first policy decision under new Chair Kevin Warsh, the Fed voted 12-0 to keep the federal funds rate in a range of 3.50% to 3.75%, where it has remained since December.

The bigger story was not the decision itself, but what came next.

The Fed’s updated economic projections showed officials abandoning their earlier expectation of a rate cut this year. Instead, the median forecast now points to a benchmark rate of 3.8% by the end of 2026, compared with 3.4% in the Fed’s March outlook.

Of the 18 officials submitting forecasts, nine now expect at least one rate hike before year-end, while six foresee two quarter-point increases.

Just three months ago, most policymakers were still expecting lower rates.

Inflation Changes the Conversation

The shift reflects growing concern over inflation.

Fed officials now expect their preferred inflation gauge to finish the year at 3.6%, significantly above the central bank’s 2% target and well above the 2.7% forecast issued in March.

Higher energy prices have been a major factor behind the inflation outlook, forcing policymakers to reconsider the path of monetary policy.

The Fed’s latest projections also show:

  • Economic growth: 2.2%
  • Unemployment: 4.3%
  • Inflation: 3.6%

The new forecasts suggest the central bank is becoming increasingly concerned that inflation could remain elevated longer than previously expected.

What It Means for Consumers

For households, the message is straightforward: borrowing costs are likely to remain high.

Mortgage rates, auto loans, business financing, and credit card interest rates are all influenced by the Fed’s policy stance. If the central bank ultimately raises rates again, those costs could increase further.

The upside for consumers is that savings accounts, money-market funds, and certificates of deposit may continue offering relatively attractive yields.

For Americans waiting for cheaper financing to purchase a home, vehicle, or expand a business, relief may be further away than expected.

Warsh’s First Meeting as Chair

Wednesday’s decision marked the first policy meeting led by Kevin Warsh, who was nominated by President Donald Trump.

Warsh introduced a shorter and simplified policy statement and announced plans to review several aspects of how the Fed communicates with markets and the public.

In an unusual move, Warsh declined to submit his own interest-rate projection to the Fed’s closely watched “dot plot,” saying he did not believe it was helpful to the policymaking process.

He indicated the Fed would review its broader communications strategy, including projections, press conferences, meeting minutes, and transcripts.

Markets React

Investors reacted negatively to the Fed’s more hawkish tone.

By Wednesday afternoon:

  • The S&P 500 fell about 0.6%
  • The Nasdaq declined roughly 0.7%
  • The Dow Jones Industrial Average lost approximately 160 points
  • The 2-year Treasury yield jumped nearly 11 basis points

The market reaction reflected disappointment among investors who had hoped a new Fed chair might signal a path toward lower interest rates.

Instead, policymakers delivered a clear message: inflation remains the priority.

Looking Ahead

The Federal Reserve is still officially in a wait-and-see mode, but the debate inside the central bank appears to be changing.

For much of the past year, the question was when rates would be cut.

Now, for the first time in this cycle, the discussion has shifted toward whether the next move may need to be a hike.

JBizNews Desk
Washington, D.C.

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

Senator Rick Scott, continuing his quest to block the former Kanye West from performing in Tampa, showed up to the Florida Holocaust Museum on Monday with a lot of questions.

“Why on Earth would we use tax dollars to fund someone who has called himself a Nazi and praised Adolf Hitler?” he asked at a news conference. “There’s countries all over the world that have banned him, and we’re going to allow him to come to our state and our city?”

Scott’s concerns were echoed in speeches from fellow Florida politicians, Jewish leaders, and even some local Holocaust survivors, drawing national attention.

They wanted to know why the Tampa Sports Authority, the public agency that manages Raymond James Stadium, had inked the contract for not one, but two concerts. They questioned whose funding the shows. They demanded answers.

But despite mounting pressure, the Sports Authority says it has no intention of canceling Ye’s concerts on June 26 and 28.

Antisemitism condemned, free speech affirmed

“We condemn antisemitism from any source. However, we also respect free speech rights guaranteed under the US Constitution, even when we disagree with that speech,” the Authority wrote in a statement on Monday. “In addition, no taxpayer money is being used for staging the Ye concerts.”

So, are Hillsborough taxpayers footing the bill? Could political pressure force a cancellation? To find out, the Tampa Bay Times obtained a copy of the contract for the concerts. Here’s what it shows.

Scott’s campaign to stop the concerts kicked off on June 4 with a public letter addressed to the Tampa Sports Authority. It wasn’t just a problem that Florida, a state with a large Jewish population, would host an artist who has sold swastika merchandise, he wrote. While Ye apologized earlier this year for his antisemitic remarks and actions, Scott also took issue with the idea of taxpayer funding going toward the shows.

“The Raymond James Stadium is a publicly owned venue made to be safe and serve the interests of Hillsborough County and Tampa residents,” he wrote. “No taxpayer dollars should be used to give a vocal antisemite a stage in Florida, and I am sure that you will take appropriate action to make sure that doesn’t happen.”

Sports Authority spokesperson Bobby Silvest said in an email that all costs will be covered by the event’s promoter, Ikon Global, LLC, not the Sports Authority.

“To suggest otherwise is false,” read a statement from the agency on Monday.

The contract for the two shows outlines the promoter’s contribution: A one-dollar license fee and a $1.5 million fee to cover the Authority’s expenses – including security, law enforcement, cleaning, and other services.

For every ticket sold, the promoter will also collect and pay the Authority a five-dollar facility fee and a ticket surcharge of no more than $2.50. Ikon Global will also reimburse the Authority for other “ancillary expenses.” After those fees and any others are paid, the promoter will keep the remaining net ticket revenue.

Silvest said in an email that the Authority “retains or controls all ticket sales, parking, merchandise, food and beverage revenue” until all payments are settled after the events. “In simple terms,” he said, ”TSA is always in control of the money.”

The Authority expects a profit of around $1 million per show, Silvest said.

It is not yet clear how much money Ye is expected to make. A ticket manifest obtained by the Times shows that, with a capacity of more than 72,200 seats at an average price of more than $200 per seat, the potential revenue could climb to more than $14.8 million per show.

Anthony Palermo, an assistant professor of law at Stetson University College of Law, said in an interview that “the contract is structured and designed to make the event revenue-positive for the TSA.”

He added that “any public facility requires funds for its general upkeep,” and the contract “doesn’t prove that public resources won’t be used or advanced before the event.” But, he said, there are plenty of avenues to recoup any money spent.

First Amendment protections, legal challenges, hate speech

Palermo said the contract also raises questions about First Amendment protections – and potential legal challenges the Authority could face if it cancels the shows.

A clause states that the Authority cannot cancel or interfere with the events “based upon artist identity, prior or past public statements, public perception, political viewpoints, or the anticipated or actual content of the performance,” as long as Ye’s concert doesn’t run afoul of any laws or venue rules.

Silvest said the provision isn’t normally included and was requested by Ikon Global, the promoter.

The Sports Authority’s general counsel, Jeffrey W. Gibson, took up the First Amendment question in a memo to CEO Eric Hart this week. The stadium, he wrote, “should not discriminate against speech based on viewpoint.” He cited a 2017 case in which the US Supreme Court protected “the freedom to express hated thoughts.”

Raymond James Stadium has a history of hosting free expression, and the county and Authority can’t now favor a certain perspective over another, Gibson wrote. The choice to restrict speech because of a disagreement with a speaker’s viewpoint would, he wrote, violate the First Amendment.

Palermo agreed, adding that canceling the shows could lead to both First Amendment and breach of contract challenges.

But several elected leaders have called for greater scrutiny because of the stadium’s status as a public facility.

Sen. Ashley Moody said the Sports Authority “hid behind free speech and contractual obligations.” Hillsborough County Commissioner Chris Boles said he believes in free speech and Constitutional principles, but added, “Free speech does not entitle anyone to a public stage backed by public resources.”

Scott, who began the campaign, said, “If you have a public venue, you don’t get to go say, ‘Oh, I’ve got to let all (of) everybody there.’ You do not.”

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Suspects who planned to attack the White House over the weekend sought to target lawmakers who received money from pro-Israel groups, according to federal law enforcement officials.

Five men were charged on Tuesday for allegedly plotting to kill government officials and others attending the Ultimate Fighting Championship event at the White House on Sunday, the Justice Department said.

The Jerusalem Post, at the time, cited US officials saying that targets included politicians who had received money from the American Israel Public Affairs Committee (AIPAC).

One of the suspects, 19-year-old Tycen Proper, was part of a Christian “ultra-religious and anti-government” group online, according to an affidavit filed by an FBI agent on Sunday.

Proper’s mother called local police in Ohio about his recent behavior, which included communicating with the group and buying firearms. She said Proper mapped locations in the Washington area and told her his group intended to conduct “recon” and “hit and run missions.”

Proper’s family members also said that he made “concerning statements” in recent months, such as “sympathetic comments about Adolf Hitler” and “antisemitic comments on Facebook,” according to the affidavit.

Coordinated attack against US government during Trump’s UFC event

Proper admitted to investigators that his group planned a coordinated attack against the United States government during the UFC event. A search of his cell phone revealed that he specifically sought to attack lawmakers who received support from AIPAC.

Proper identified Republican Tennessee Sen. Marsha Blackburn as a “possible target.” When asked why, he said, “She’s taken money from the Israel pro-Israel lobby and supports them.”

He later sent a message that said, “These are people we’re going to focus on,” followed by images of West Virginia’s four Republican members of Congress, Sens. Jim Justice and Shelley Moore Capito, and Reps. Carol Miller and Riley Moore.

The images of the lawmakers appeared to be taken from Track AIPAC, a website affiliated with the progressive movement that documents AIPAC’s financial contributions to federal officials. The images appeared to include information about how much money each lawmaker received from “pro-Israel PACs,” according to the affidavit.

US must be ‘torn down,’ governed by elites ‘involved with Jeffrey Epstein’

Members of Proper’s group said the United States had to be “torn down so that it could be rebuilt” and that “people who were involved with Jeffrey Epstein should not govern the country.”

Proper has been charged with conspiracy to commit an offense against the United States and attempted murder of an officer or employee of the United States, among other offenses.

A photo of a suspect's gun is seen after the FBI said it thwarted a potential attack on the Ultimate Fighting Championship mixed martial arts event on the White House lawn on the weekend, in this handout image provided by the US Department of Justice in Washington. (credit: REUTERS/US DEPARTMENT OF JUSTICE/HANDOUT)

The details of the plot prompted condemnation from New Jersey Rep. Josh Gottheimer, a Jewish Democrat who has championed measures in Congress to defend Israel and send it military aid.

“This is a stark reminder that anti-Israel hatred has been far too normalized in our politics, with real and deadly consequences,” Gottheimer said in a statement, adding that “targeting Americans because of their support for the US-Israel alliance stems from antisemitism.”

Officials at other federal law enforcement agencies have criticized FBI Director Kash Patel for revealing details of the early-stage investigation into the plot against the White House. Matthew Quinn, the deputy director of the Secret Service, criticized the disclosure without naming Patel in a press conference on Tuesday.

“I’ll tell you a phrase I learned early in my career in the New York field office, and that’s ‘Don’t choke on your own smoke,’” Quinn said. He added that “some” of the details revealed by the FBI were accurate, but the Secret Service “chose not to leak” its investigation as more suspects remain at large.

Shir Perets contributed to this report.

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Jackson Lahmeyer, a pastor who supports Israel and believes the Antichrist will be Jewish, drew enough votes Tuesday to force a runoff in his district’s Oklahoma congressional primary.

But on Wednesday, Lahmeyer announced that he was suspending his campaign “after prayerful consideration,” saying that he did “not want to be a distraction to my family, my church, and the great people of Oklahoma’s 1st Congressional District, who deserve a strong conservative voice representing them in Washington.”

Lahmeyer had been seen as a favorite in the crowded race after earning US President Donald Trump’s coveted endorsement, but his star fell in the days before the primary amid revelations that he had exchanged text messages with a former Miss Oklahoma.

He said he had “crossed a boundary,” but said the episode was a private matter and in the past, and Trump reaffirmed his endorsement following the revelation. On Wednesday, Trump rescinded his endorsement.

Lahmeyer’s exit clears a path for Mark Tedford, a member of the state House of Representatives from Tulsa, to be elected in November. The district is solidly red, virtually assuring the Republican candidate of victory.

GOP, MAGA divided on many lines: Israel, tradition, Christianity

The runoff would have pitted candidates with two very different approaches to politics and Israel against each other at a time when the Republican Party is divided on multiple lines.

Lahmeyer is part of Trump’s MAGA movement, while Tedford is a more traditional conservative. Both men promote a hard line on immigration, but Lahmeyer’s rhetoric has been peppered with incendiary claims about efforts by Muslims to establish “sharia law” in the United States.

While both competitors are also evangelical Christians with training in ministry, Lahmeyer works as a pastor and preaches an end-times theology that includes an Antichrist with Jewish heritage. Lahmeyer is also a vocal supporter of Israel, in keeping with his Christian Nationalist outlook, while Tedford has made few, if any, public comments about Israel or the war in Gaza.

The two candidates pulled far ahead of the pack in Tuesday’s crowded primary, which attracted 11 candidates to fill an open seat. Tedford received 32.1% of the votes, and Lahmeyer drew 25.9%, according to the Oklahoma State Election Board.

MAGA leads the GOP, victory requires a Trump endorsement

Few, if any, of the eight candidates who did not make the runoff were part of the MAGA movement, suggesting that Lahmeyer’s path to a runoff victory would have been challenging.

“We need everyone who came out today to keep fighting until we succeed,” Lahmeyer said in a statement to local media late Tuesday. “Let’s send a Trump-endorsed warrior to fight for Oklahoma values in Congress.”

The Democratic candidate, John Croisant, is a Tulsa school board member who has not spoken publicly about Israel or Gaza, issues that are occupying some Democrats.

This story has been updated since publication to reflect Lahmeyer’s decision to suspend his campaign.

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Compass is expanding its presence in northern Arizona with the addition of veteran real estate professional Shane Randall, who joins the brokerage after previously working with Russ Lyon Sotheby’s International Realty.

Randall will help lead Compass’ expansion in the Flagstaff, Arizona, market alongside Arizona Sales and Growth Manager Patrick Clark.

“Flagstaff has its own identity and energy,” Randall said. “You’ve got luxury buyers, retirement-home demand, university influence and very limited inventory all operating inside one market. There’s a lot happening here right now, and we see significant opportunity in northern Arizona.”

Randall moved to Arizona from Chicago in 2002 and previously worked in business, advertising and internet marketing before entering real estate.

He has built his business in Scottsdale’s golf and resort communities as well as Flagstaff’s luxury mountain-home neighborhoods, including Forest Highlands and Flagstaff Ranch.

Marie-France Dagenais also joined the northern Arizona team, while Kristina Henson, former Russ Lyon Sotheby’s International Realty agent and current president of the Northern Arizona Association of Realtors, joined Compass last week.

Existing Compass agents Keegan Olson and Chad Dragos will continue serving clients throughout the region.

The brokerage’s expansion comes as Flagstaff continues to attract buyers seeking luxury, second and retirement homes. The market also faces ongoing housing demand tied to the area’s university population and a limited housing supply. Buyers frequently come from the Phoenix metropolitan area, southern California and other western states, Compass added.

Dagenais brings more than 17 years of luxury real estate experience to Compass and is licensed in both Arizona and Florida. She also has experience in residential design, relocation services and home staging.

Compass said it plans to continue expanding its presence in northern Arizona and is exploring a permanent office in the region.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.

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The U.S. Department of Justice asked a federal court in Mississippi on Monday to dismiss a pollution lawsuit against Elon Musk’s artificial-intelligence company xAI, arguing that the natural-gas turbines powering one of its largest data centers are too important to national security to shut down.

The filing, which was joined by the state of Mississippi, marks an unusual intervention by the federal government on behalf of a private company facing environmental claims brought by local residents and advocacy groups.

The dispute began in April when the NAACP filed suit under the federal Clean Air Act, alleging that xAI installed dozens of portable natural-gas turbines to power its massive Colossus 2 supercomputer facility without obtaining the permits required under federal law.

The turbines are located in Southaven, Mississippi, near the Tennessee border and within proximity of residential neighborhoods, schools, and churches. In May, the NAACP sought an emergency court order to halt operations, arguing that emissions from the turbines could increase health risks including asthma attacks, respiratory illnesses, and heart disease among nearby residents.

The Justice Department responded with a dramatically different argument.

In its filing, government attorneys said shutting down the turbines would threaten “American national, economic, and energy security.”

The department relied heavily on a declaration from Cameron Stanley, the Defense Department’s chief digital and artificial intelligence officer, who stated that the military version of xAI’s chatbot, Grok, has become an important tool for classified government operations.

According to the filing, the Defense Department used Grok Gov, a government-specific version of the AI platform, during recent military operations involving Iran. The declaration states that the technology helped support operations in which U.S. forces struck approximately 2,000 targets using more than 2,000 munitions over a 96-hour period.

Adam Gustafson, head of the Justice Department’s Environment and Natural Resources Division, argued that the federal government cannot allow private litigation to interfere with infrastructure it considers important to national defense.

The department further argued that only a small number of artificial-intelligence systems are authorized to operate on highly classified government networks and that Grok is among those approved systems.

The filing arrives at a notable moment for Musk’s business empire.

Just days earlier, SpaceX, which now owns xAI following a corporate restructuring earlier this year, completed what reports described as the largest stock offering in history. SpaceX now carries a valuation exceeding $2 trillion, making it one of the most valuable companies in the world and placing it ahead of many of America’s largest public corporations.

The ownership connection means the Southaven facility at the center of the lawsuit is now part of a company that also maintains extensive relationships with the federal government through defense, aerospace, communications, and technology contracts.

The legal challenge has drawn fierce criticism from environmental advocates.

Earthjustice, the law firm representing the NAACP, accused the administration of attempting to weaken one of the Clean Air Act’s most important enforcement mechanisms. The organization argues that citizen lawsuits have served for decades as a way for residents and community groups to enforce environmental laws when regulators fail to act.

If courts allow the government to halt such cases simply by citing national-security concerns, Earthjustice argues, similar protections could eventually be extended to other large industrial projects and corporate operators.

The Environmental Protection Agency, which typically oversees air-permit enforcement, is not participating directly in the litigation and referred questions regarding the filing to the Justice Department.

The result is a high-profile legal battle that places environmental law, artificial intelligence, national security, and executive authority on a collision course.

For businesses, the outcome could have implications far beyond one Mississippi data center.

The Clean Air Act’s citizen-suit provision has long been a factor companies consider when planning major industrial facilities, energy projects, and manufacturing operations. A ruling that allows national-security concerns to override those actions could reshape how companies evaluate legal and regulatory risks, particularly as AI firms race to build energy-intensive data centers across the country.

For residents living near the Southaven facility, however, the issue remains more immediate.

The central question is whether the turbines continue operating while the legal fight unfolds.

The court has not yet ruled on the NAACP’s request for an emergency shutdown order, and no hearing date has been announced. Until a judge issues a decision, the turbines remain online — and so does the broader debate over who ultimately gets to decide when environmental concerns give way to national-security priorities.

Washington – JBizNews Desk

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For decades, American consumers have wondered what the “Beyond” in Bed Bath & Beyond actually refers to. Well, as of Wednesday morning, one thing is clear: It refers to real estate brokerage, mortgage, title, insurance and homeowner financial services, after the firm announced it signed a definitive agreement to acquire Fathom Holdings in an all-stock deal valuing the national, technology-focused real estate services platform at $53.38 million. 

As part of the announcement, Fathom said board member Adam Rothstein has been appointed interim CEO and Daniel Weinmann, previously vice president of finance, has been named chief financial officer, both effective immediately.

On Tuesday, Fathom’s board terminated CEO Marco Fregenal, who also resigned from his role as a director of the company. 

According to the announcement, the acquisition is part of Bed Bath & Beyond’s “Everything Home” strategy. The company introduced this strategy in a letter sent to shareholders from CEO Marcus Lemonis in early January 2026, in conjunction with his move to CEO from executive chairman. 

“Homes are not static. While the home itself is an anchor asset, fixed to a location and held over long periods, the individual or family attached to that home is constantly evolving,” Lemonis wrote in the letter. “Life stages evolve us, needs and tastes change, risk and priorities alter over time. Real value is created not just by the home itself but by everything that touches it throughout its lifecycle, from furnishing and maintaining to insuring, financing, improving and ultimately moving. Our strategy is built around serving the home as a living platform or operating system and the customer as the evolving holder of that asset. We create loyalty with customers by connecting every part of their home life through technology, making life simpler, more affordable and securely connected over time with blockchain.” 

Bed Bath & Beyond’s three pilars

Bed Bath & Beyond breaks down this strategy into three pillars: omnichannel retail, homeownership and transactions and home services. These pillars include things like the company’s retail brands like Kirkland’s, Bed Bath & Beyond and The Container Store, services related to a home sale transaction and installation, renovation, maintenance, project management and related services. 

Since announcing this strategy in January, the firm has undergone a series of acquisitions, expanding its portfolio of brands as it looks to build out its “Everything Home” strategy. 

In the past six months, Bed Bath & Beyond has acquired Lumber Liquidators and Cabinets To Go parent company F9 Brands, as well as The Container Store, Installed Right and SFV Services, strengthening its retail and home services pillars. The company said its proposed acquisition of Fathom Holdings adds to its homeownership and transactions pillar “by adding Fathom’s capabilities across brokerage, mortgage, title, insurance and homeowner financial services.” 

“Combined with Bed Bath & Beyond’s Omnichannel Commerce platform and growing home services business, these capabilities are expected to create a unified platform centered around homeowners, their homes and the neighborhoods where they live,” the company said in its announcement. 

What this means for the real estate industry

For the real estate industry Amit Kulkarni, a co-founder of Alloy Advisors, says the proposed acquisition is a “nothing burger.”

“I just don’t think it is going to have a material impact on how brokers respond because I don’t actually see a whole lot of sense in this transaction,” Kulkarni said. 

However, Kulkarni’s Alloy Advisors co-founder Russ Cofano has a different take. 

“I think what they are trying to do is build a consumer ecosystem around the home,” Cofano said. “It is another example of what Rocket-Redfin-Mr. Cooper is trying, but with a different entry point — one is mortgage and the other is retail, but they send the same message, that there are people out there betting that the home sale transaction is going to become part of a larger consumer ecosystem.”

Like Cofano, Craig McClelland, a partner at McClelland & Hahn, agrees that some companies, like Rocket, are working to create an ecosystem. However, he believes this falls into another category of the end-to-end transaction model.

“You have this home sale transaction and then they are looking at other things they can parallel on top and see the customer,” he said. 

But like Cofano, McClelland also sees some potential for this deal to make some waves in the brokerage industry.

“It is clear that they want to create this flywheel effect of all of the different components of the homeownership journey,” he said. “I don’t think a brand can do everything and just because customers come to you to buy loofahs and epsom salts doesn’t mean they are going to buy a house from you.” 

Kulkarni agrees, noting what he most frequently associates with Bed Bath & Beyond is 20% off coupons he can use to buy bedsheets. 

“I am not going to go to Bed Bath & Beyond thinking that I am going to use these people that are selling me discounted sheets for the most important financial transaction of my life,” Kulkarni said. 

But RVs aren’t real estate 

Despite his doubts, Kulkarni noted that Bed Bath & Beyond CEO Lemonis has previously been successful creating an end-to-end consumer transaction ecosystem in the RV space. 

“I think he is trying to make the same bet here, but I think there are two big challenges that he has. Number one is that in the RV space, the entry point is the actual RV purchase, so the consumer is getting into the ecosystem at the most expensive stressful part of the transaction. Once you do that, there’s a little bit of trust built up, and you’re going to buy other services from his companies,” Kulkarni said. “But this is flipping that, as the entry point is Bed Bath & Beyond. You are betting that someone who is going to spend hundreds of thousands of dollars on a home is going to do so through an entry point of buying 20% off bed sheets.”

Due to this, Kulkarni feels Rocket Companies’ take on the end-to-end ecosystem is much more promising as it captures the consumer through financing and not retail. 

Cofano, on the other hand, believes with enough investment of time and capital, Fathom Realty could be the firm’s consumer entry point.

“I am wondering if they are going to put money into building the Fathom platform out and use Fathom to drive retail sales, flipping that script and not relying on somebody looking at bedsheets to pick a real estate agent,” Cofano said.

Recycling the playbook

While Bed Bath & Beyond’s entrance into the real estate brokerage industry may come as a surprise, this is far from the first time a more retail focused player has tried its hand in brokerage. Most notably, in the mid-2000s Home Depot began offering real estate services looking to connect their existing remodeling, moving, installation and home-improvement services customers with real estate services. After difficulty scaling the brokerage operation and complications due to the Great Recession, Home Depot eventually decided to shut down the program. 

Additionally, storied retailer Sears once owned Coldwell Banker and Dean Witter Reynolds. 

McClelland said he is unsure if Bed Bath & Beyond’s attempt at this will be any different from those that came before it, like Home Depot. 

“There is certainly a comparison to Better Homes and Gardens Real Estate — it is a lifestyle brand with a customer base and they clearly think there is something there, but we’ll see if they can turn it into anything meaningful,” McClelland said. “Fathom has a fairly high level of agent churn, so we’ll see if the Bed Bath & Beyond name will resonate with them.” 

Cofano agrees that it is unclear how this will turn out for Bed Bath & Beyond, but he does believe it is part of a broader trend we are seeing in the industry.

“This is part of a broader picture that says that the real estate transaction is going to become part of a larger ecosystem. I’m willing to watch this thing play out and see if it has legs,” Cofano said. “Also, the fact that someone has tried this before and it didn’t work, doesn’t mean that it won’t work today because we are in such a different era. Consumers today behave differently because of AI. We are in such a place of massive change, and I think that opens the door for people to try things that may not have worked in the past, but may work now because consumer behavior has changed.” 

While some in the industry have mixed feelings about outside firms entering the space, McClelland thinks it provides the industry with some wonderful opportunities. 

“I think it is great because it helps those of us who have been in the industry for too long, who just accept that this is how things are done, to think about things in a different way,” he said. “We need that creativity because maybe things could be better or maybe there is another way of doing things that would be smarter. I love all of the ideas coming into the industry right now.”

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The Middle East and wider region have positive expectations regarding the new agreement between the US and Iran. As this develops, it is clear that many countries and companies will now be seeking to take advantage of the potential reduction in conflict to secure new trade deals.

One of the key features of this new regional order will be investment in new pipelines and energy projects.

The conflict with Iran exposed the problem countries face in relying on one maritime method of exporting oil. It has also illustrated how Iran is a destabilizing force in the region.

Many countries also feel that Israel is destabilizing. That means they will want to secure routes that avoid being close to Iran and Israel. A ready-made route is the one through Syria or Turkey.

According to Syrian state media, “Iraqi Prime Minister Ali Falih al-Zaidi and US presidential envoy Tom Barrack discussed plans to rehabilitate the Kirkuk-Baniyas oil pipeline during talks in Baghdad, as the two sides also reviewed regional developments and security issues.”

Kirkuk-Ceyhan oil pipeline enables Iraq to export via Turkey

In another development, Iraq has also requested an extension of an agreement related to the Kirkuk-Ceyhan oil pipeline. This is important because it is a pipeline that enables Iraq to export via Turkey.

In another development, the website offshore energy reports that “US-headquartered energy giant Chevron has signed on the dotted line to acquire a majority stake and operatorship in a block off the coast of Greece, currently solely owned by Helleniq Energy, a Greek integrated energy player.”

Beyond the energy deals, there is also more work being done by the US on issues in the Eastern Mediterranean.

The Israeli Ministry of Foreign Affairs noted on June 12 that “Israel, Greece, Cyprus, and the United States have launched the East Med Energy Center, a new platform for cooperation in energy, technology, innovation, and research.

The initiative will strengthen cooperation on energy security, cybersecurity, innovation, and critical infrastructure while bringing together governments, universities, researchers, and industry leaders.” This is important. Israel views it as a “major step forward in strengthening regional cooperation and building a more secure and connected Eastern Mediterranean.”

In addition, there is a new focus on rail and trade links in Syria that would link Turkey to countries such as Jordan, Iraq, and Saudi Arabia.

This is a kind of new “Great Game” in the region as countries rush to invest in Syria and work with Iraq and other countries to develop trade routes and corridors.

It will take time to see how this plays out. However, the Iran war has likely accelerated some of these processes. 

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As the US and Iran sign a Memorandum of Understanding intended to pave the way for a broader agreement, there is a lot of commentary about the emerging deal.

The view among many is that this has been a loss for the US and Israel. The same voices that were very confident on February 28 when the conflict began are now resigned to what they see as a bad deal that will empower Iran and somehow leave Israel more isolated.

It’s worth considering that, like in any conflict, the “enemy gets a vote.” Iran is a key player in what has transpired, and it’s worth considering what the regime’s game plan has been.

Over the years, Iran has generally sought not to sit down with the Trump administration. The regime didn’t want talks with the first Trump administration, especially after the US walked away from the 2015 JCPOA. The Supreme Leader in Iran, who was killed at the opening of the February conflict, was suspicious of the West. When Trump walked away from the Iran Deal, it cemented a perception among Iran’s leadership that the US and the West could not be trusted.

This set in motion an Iranian attempt to basically turn off relations with the West and shift towards China. Iran already had close ties with Russia, but after 2018, it increasingly pursued a policy of working more closely with China and developing infrastructure to create a north-south economic corridor and expand trade with Central Asia. This didn’t all pan out because Iran’s economy is in bad shape. Iran and China moved toward a 25-year agreement, but little Chinese investment flowed into Iran.

Iran brings nothing to Beijing in return

Beijing views Iran as a chaotic regime that doesn’t offer a return on investment. As such, Beijing assumed it could actually get more trade with the Gulf and other countries than with Iran. Economic groupings such as BRICS, the SCO, and others offered Beijing more opportunities abroad. Iran was simply one of many countries.

Iran believed it would benefit from the October 7 war. It sought to create a multi-front war against Israel. This didn’t succeed. Instead, Iran saw Hamas weakened and its Hezbollah partner badly beaten in the fall of 2024. Iran’s goal after this was to try to salvage its proxy network.

When the new Trump administration appeared, Iran signaled it was open to indirect talks. The indirect talks format meant any discussions would be slow. Iran and the US turned to Oman to be a mediator. The talks failed when Israel began airstrikes in June 2025. The US followed this up with strikes of its own, and Iran and the US turned to Qatar to end the conflict.

From Iran’s point of view, the June 2025 attacks showed that Iran’s air defenses and many other weapons programs were a paper tiger. Iran had launched large numbers of missiles at Israel, not only in June 2025 but also in two large salvos in 2024. Iran saw that its missile attacks would not win a war with Israel. Now Iran was presented with a strategy against Israel similar to the one Hezbollah was conducting. The goal was for the regime to survive and continue low-level attacks. It couldn’t win, but by not losing it could claim a kind of victory.

When Israel and the US attacked Iran on February 28, the Iranian regime was already prepared for a strategy of “not losing” as a way of “winning.” Iran is a large country, some 150 times larger than Lebanon. If Israel couldn’t defeat Hamas or Hezbollah, Iran reasoned that it could hold out as well. Holding out became Iran’s strategy.

The US and Israel didn’t have a clear strategic goal

The US and Israel didn’t have a clear strategic goal. Israel’s Prime Minister in March did claim that Iran had been so decimated that it could no longer enrich uranium or produce ballistic missiles. Ostensibly, these were Israel’s war goals.

But the goals had mission creep. Mission creep worked in Iran’s favor. Rather than a short conflict as in June 2025, Iran faced a long conflict of diminishing returns for the US and Israel, the kind of conflict that might benefit Tehran.

Iran acted to close the Strait of Hormuz and attack the Gulf and Iraq. Iran assumed that it could more effectively wage war in its neighborhood, while clawing back some influence over policy in Lebanon. As such, Iran’s goal was to prolong the conflict and negotiations. As long as Iran could return to something like a status quo, it could say it had won.

In any kind of game, if one side wins by not losing and the other side has to win, then clearly the side that needs to win has a much more complex road ahead.

Israel and the US chose this path, which put them at a potential disadvantage. Now that the result has been what many cynics might have predicted, there is a tendency to portray Iran as having achieved a lot. However, the reality is that Iran set itself very low goals and a low bar of success here.

During the war, much of the commentary on the conflict seemed to miss key points about Iran. For instance, some argued that precision strikes on a few IRGC positions would make IRGC members fearful and make them lose morale and desert. However, in a country as large as Iran, with so many IRGC members, is it likely that a few strikes on a few IRGC checkpoints will demoralize a group of tens of thousands? Most IRGC members probably never saw an airstrike during the conflict. How can they be demoralized by something they never experienced? Soldiers in the trenches in the First World War survived, and so did soldiers in Stalingrad.

The Iranian soldiers didn’t experience anything like that kind of war. Anyone who follows the regime knows that its ideology is rooted in the experience of the war with Iraq in the 1980s. If the regime survived that and was steeled by it, its troops are likely capable of withstanding some precision airstrikes. 

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An LGBTQ organization in Kalamazoo issued a public statement this month labeling the Israeli flag a “harmful” symbol after two volunteers, working in the beer tent at a Pride festival, wore outfits in support of the country.

At the June 6 event, Michelle Zukowski-Serlin, 64, of Comstock Township, wore a dress that featured the Star of David, while her husband, Troy Zukowski-Serlin, 62, wore a hat with the Israeli flag on it.

Amid opposition by some to Israel’s military operations in the Middle East, the couple, both of whom are Jewish, said their clothing spurred a mixture of positive feedback but also what Troy described as “blowback.”

Three days after the event, OutFront Kalamazoo, which put on the festival, posted on Facebook saying the organization had heard from “many community members who were hurt, distressed, or angered by the presence of Israeli flags worn by volunteers.”

“For LGBTQ+ people with family, heritage, or lived experience connected to Palestine and the broader Levant region, including Lebanon, Syria, and other communities impacted by Israeli military actions, these symbols carry deep trauma and represent ongoing violence, displacement, and loss of life,” the statement said. “We want to acknowledge that pain clearly.

OutFront Kalamazoo says future of ban unclear, reviewing LGBTQ guidelines 

“We are sorry for the pain caused, and we will do better.”

The seven-paragraph social media post was titled, “Our Statement Addressing Harmful Symbolism at Kalamazoo Pride 2026.” It had generated more than 300 responses on Facebook as of Wednesday afternoon.

The statement also said OutFront planned to review its policies and procedures to “better address situations where political symbolism may create an unsafe or exclusionary environment.”

Christopher Terkos, executive director of OutFront Kalamazoo, said no decision had been made on banning symbols from future events.

“We are reviewing our guidelines to ensure Pride remains a space where all LGBTQ+ people can participate without fear or retraumatization,” Terkos said in an email to The Detroit News. “This review is focused on community safety, not banning cultures, religions, or religious imagery.”

In an interview, Michelle and Troy Zukowski-Serlin, both social workers and supporters of OutFront, voiced frustration with the Facebook post from OutFront Kalamazoo and the criticisms they faced from some individuals at the festival.

‘Genocidal baby killer,’ harmful, hateful, antisemitic remarks

“Saying that symbols of Judaism are harmful and hateful, that is antisemitism,” Michelle said.

Troy said people who are Jewish often feel they have to dial down their support for Israel to be accepted in progressive circles. That’s despite the fact, he contended, that Israel is the only place in the Middle East where LGBTQ people are safe.

“If you go to Gaza, you’ll probably be thrown off a roof if you’re gay,” Troy said.

The situation in Kalamazoo comes during a pivotal political year in Michigan. Voters will select a new governor and a US senator this fall, and the debate over US foreign policy toward Israel has become a key topic in Democratic primary races.

Michelle described the overall response to her dress at the Pride festival as warm.

But she also acknowledged that someone handed her a note that said, “You’re a genocidal baby killer.”

Michelle said she handed the note back to the person.

“They spit on the floor. Not at me. I want to be clear. It was nowhere in my direction. Then, they stomped off,” Michelle Zukowski-Serlin told The Detroit News.

At one point, during the festival, Terkos told Michelle the organization had received 100 complaints, she said.

In the organization’s Facebook statement, it said OutFront stands with Palestinians and rejects antisemitism.

“The outfits in question did not violate our current conduct policies in a way that allowed removal from the festival,” the statement said. “However, we recognize that its presence caused real harm for many attendees. That harm is real, and it deserves to be taken seriously.

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In high school, Ashley Delgado dreamed of becoming a doctor and one day buying her father a Rolls-Royce. “She wanted to heal people,” said her father, James Taylor. She had a high GPA, Taylor added, and did especially well in science and Latin.  

In her mid-20s, Ashley suffered a leg injury and was prescribed OxyContin. The painkiller marked the beginning of a yearslong descent through addiction — from prescription opioids to methamphetamine, then heroin, and finally, fentanyl.

Read the rest…

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Federal Reserve Chairman Kevin Warsh hosted his first policy meeting as head of the U.S. central bank, leaving interest rates unchanged on June 17.
Warsh also held his first press conference, telling the media that a series of reforms to how the Fed communicates with the public are coming soon.
Financial markets panicked when Warsh concluded his remarks, while President Donald Trump says he is “guided” by what his replacement for Jerome Powell wants. Market watchers believe change is coming to the 113-year-old institution.
Here are the key takeaways from Warsh’s first Federal Open Market Committee meeting.
Shorter Statement
The committee publishes statements at the end of its two-day policy meeting. These feature a brief summary of economic conditions, the rate action, biased language (tightening or easing), the balance sheet, and voting members’ decisions. They are typically around 400 words….

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GLP-1 weight loss drugs like Novo Nordisk’s Wegovy and Eli Lilly’s Zepbound have been on the market for a few years now. The medications are wildly popular, so it’s no surprise that other pharmaceutical companies like Pfizer and Amgen are trying to grab a piece of the market with similar drugs of their own.

In this week’s STATus Report, we’ll see how several pharma companies are trying to compete with Novo and Lilly’s already safe and effective products. We’ll also learn what Novo and Lilly are cooking up in order to stay dominant in the weight loss marketplace. And I drop in for a visit with my STAT colleagues from “The Readout LOUD” podcast for their thoughts on this head-spinning GLP-1 news cycle.

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WASHINGTON — Senate Democrats are opening an inquiry into the Trump administration’s remaking of federal vaccine policy, demanding officials produce records by next week.

In a letter to health secretary Robert F. Kennedy Jr. viewed by STAT, Senate Finance Committee Democrats Ron Wyden (Ore.) and Maggie Hassan (N.H.) denounced the changes Kennedy has made to federal vaccine policy, focusing on the remaking of the Advisory Committee on Immunization Practices. Last year, Kennedy fired all previous members of ACIP and packed the panel with vaccine-skeptical allies.

The Democrats requested documents, including records of messages, that could indicate who made and approved the decision to revamp ACIP, the risks that were considered before making the change, and the vetting process for the new members of the committee — saying they want to “assess the legality, decision-making process, and public health consequences” of the committee’s overhaul.

Continue to STAT+ to read the full story…

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The first thing to know is that the baby is all right now. She’s coming up on her second birthday, playful and curious. She chases the family dog around the house, trying to give him kisses, and mimics her dad by wiggling her hips as he shows her how to hula hoop. 

But her home holds a few clues to her past. An oddly huggable orange stuffed animal shaped like Clostridium botulinum, the bacteria that causes botulism. And enshrined in plexiglass, a bottle of BabyBIG, the antitoxin treatment that saved her life when she was 7 months old.

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Whether our nation’s foreign policy is grounded in America First or American exceptionalism, improving global health should be a top policy priority of the United States. The recent hantavirus outbreak and evolving Ebola crisis serve as a reminder to Congress that the well-being of Americans is tied to the well-being of people around the globe.

Two of us, as former U.S. senators, were fortunate to play leading roles in the launch of PEPFAR, the President’s Emergency Plan for AIDS Relief, in 2003. Our research at the Bipartisan Policy Center demonstrated that beyond saving 26 million lives and preventing millions of HIV infections, PEPFAR contributed to a positive opinion of the U.S., better socioeconomic indices, and reduced political instability in target countries compared with non-PEPFAR countries. We termed this effect “strategic health diplomacy” — the idea that by addressing global health, America advances its own national strategic interests.

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XRP (CRYPTO: XRP) has pulled back from this week’s gains, but analysts believe the recovery structure stays “intact” as long as the coin defends the key support at $1.20.

The Headwinds And Tailwinds

In a note shared with Benzinga, Shawn Young, Chief Analyst at MEXC Research, stated that XRP’s biggest headwind is “weak follow-through” across the broader cryptocurrency market, though he noted that inflows into spot exchange-traded funds are providing support.

The ETFs, including Bitwise XRP ETF (NYSE:XRP) and Canary XRP ETF (NASDAQ:XRPC), have drawn $1.44 billion in cumulative net inflows since launch and seven straight weeks of positive flows, according to SoSo Value.

The analyst viewed progress on the Clarity Act as a key catalyst that could improve “institutional confidence” in XRP.

Key Levels To Watch Out For

XRP surged to $1.28 earlier this week on reports of a U.S.–Iran peace deal, but it pulled back afterward and …

Full story available on Benzinga.com

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Explosions and sustained gunfire that lasted over an hour were heard early Thursday morning at the airport in Niamey, the capital of Niger, and security forces had blocked off the area, a Reuters witness and two residents said.

The first explosions occurred at around 6 a.m. local time, and sporadic gunfire was still audible nearly two hours later, the Reuters witness said.

A security source said it appeared the airport was under attack.

A Niger government spokesperson did not immediately respond to a request for comment.

The Islamic State affiliate in the region claimed responsibility for an attack on the airport in January.

Niger, like its Sahel neighbors Mali and Burkina Faso, has struggled to contain attacks from jihadist groups linked to al-Qaeda and Islamic State that have killed thousands and displaced millions in the three countries.

This is a developing story.

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An Israeli labor union warned Social Equality Minister May Golan (Likud) on Wednesday that her ministry’s reported decision to stop funding municipal LGBTQ+ coordinators could lead to layoffs and reduce services for vulnerable communities across the country.

Histadrut HaMaof, a branch of Israel’s national labor federation that represents workers in local government and public-sector administration, sent a letter to Golan, Federation of Local Authorities in Israel chairman Haim Bibas, local authority heads, and municipal directors-general.

The union demanded that the government halt the move and hold talks with workers’ representatives before any funding is cut.

In Israel, many social services are delivered through municipalities and regional councils, known collectively as local authorities. These bodies often depend on national government funding to operate programs for specific populations, including youth, senior citizens, people with disabilities, immigrants, women, and members of the LGBTQ+ community.

The municipal LGBTQ+ coordinators work inside local authorities and help develop community programs, connect residents with social services, advise municipalities on LGBTQ+ needs, and support people facing social, family, or welfare-related distress.

LGBTQ programming promoting tolerance, inclusion, safety, and belonging

The program is connected to the Social Equality Ministry, which is responsible for promoting policies for various population groups in Israeli society. Under previous ministry frameworks, local authorities received state support for LGBTQ+ programming aimed at promoting tolerance, inclusion, safety, and community belonging.

Histadrut HaMaof said the reported funding halt could lead to the dismissal of municipal workers, harm workers’ rights, cancel community programs, and weaken services used by residents who need support and guidance. The union warned that the impact would be especially severe in poorer municipalities and towns in Israel’s periphery, where local authorities have fewer independent resources to replace state funding.

“The decision by the Ministry for Social Equality to stop funding LGBTQ+ coordinators in local authorities is a grave and unreasonable decision that could lead to the dismissal of dedicated workers and harm populations that need the services and assistance they provide,” said Adv. Gil Bar-Tal, chairman of Histadrut HaMaof.

“This is a move with deep social consequences, made without sufficient dialogue and with disregard for the heavy price that will be paid by the workers, the local authorities, and the public,” he added.

LGBTQ issue has become politically charged

The dispute comes amid broader criticism from LGBTQ+ organizations and local officials over the direction of LGBTQ+ policy under Golan, a Likud lawmaker who serves as minister for social equality and the advancement of the status of women.

The issue has become politically sensitive because LGBTQ+ services in Israel are often provided through a combination of national ministry budgets, local authority staff, and civil society organizations. When ministry funding is delayed, reduced, or canceled, municipalities may be forced to scale back programs or end staff positions.

Hebrew media previously reported that dozens of local authorities had LGBTQ+ coordinators whose work depended on ministry funding. Reports over the past year described uncertainty around renewed state support, warnings from municipalities about possible dismissals, and criticism from LGBTQ+ groups that the ministry was weakening existing services.

The ministry also faced controversy after reports that LGBTQ+ programs had been instructed to remove the Social Equality Ministry’s logo from publicity materials. Golan denied that this reflected official policy and said the instruction had been issued without authorization.

Union frames the move as a labor-rights fight

While much of the public debate has focused on LGBTQ+ rights and social policy, Histadrut HaMaof framed the issue as a labor dispute as well.

The union said the decision was made within a short time frame, without sufficient consultation with workers’ representatives, and without properly considering the employment and social consequences.

LGBTQ+ coordinators are not a luxury,” Bar-Tal said. “They are an inseparable part of the community-service system in local authorities, and every day they provide support, guidance, and accompaniment to thousands of citizens.”

He said some of the work helps prevent situations of risk and distress among teenagers and young adults.

“At a complex social and economic time, the state should strengthen services like these,” he said.

Bar-Tal called on the government and local authorities to stop the move, continue funding the program, and hold “real dialogue” with workers’ representatives before making unilateral decisions.

“Dedicated workers and the communities they serve must not become the victims of a mistaken and short-sighted decision,” he said.

The ministry had not issued an immediate public response to the Histadrut demand as of Wednesday evening.

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The US Air Force on Wednesday awarded production contracts to General Atomics and Anduril Industries to build its first fleet of semi-autonomous Collaborative Combat Aircraft (CCA), moving a program that began just over two years ago from prototype to full-scale manufacturing.

The department awarded production contracts to both companies — General Atomics for the FQ-42 and Anduril for the FQ-44, the Air Force said, without disclosing the cost or size of the order.

The contracts were awarded months ahead of schedule, a sign that both aircraft meet mission requirements and are ready for manufacturing.

“By moving fast from competitive selection into full-scale manufacturing, we position ourselves to field highly credible and combat-ready semi-autonomous systems to stay ahead of the pacing challenge,” said Secretary of the Air Force Troy Meink. “These contracts reaffirm our confidence in the strategic path forward for the program to procure over 150 combat capable CCA by the end of the decade.”

In a press release, Anduril said that the contract “establishes a structure for the Air Force to buy additional lots of production FQ-44 aircraft across the next several years, providing a clear path for the Air Force to rapidly and affordably expand fighter capacity.”

According to the company, the timeline from prototype award in April 2024 to production contract represents the fastest path from prototype to production for a fighter aircraft in more than 50 years.”

Alongside the hardware contracts, the Air Force simultaneously moved forward on the software side of the program, awarding mission autonomy production contracts to a pool of six vendors: Anduril, General Atomics, Lockheed MartinLMT.N, Northrop GrummanNOC.N, RTX’s RTX.N Collins Aerospace, and Shield AI.

In a notable departure from traditional Pentagon procurement, the Air Force is pursuing a strategy it calls “software sold separately,” deliberately decoupling the purchase of the CCA’s mission autonomy software from its airframe.

CCA is key component

The CCA program is a key component of the USAF’s future force design, intended to distribute combat power, reduce risk to human pilots, and expand the reach of crewed aircraft that are intended to serve as force multipliers and expand the lethality of manned aircraft, such as the F-35 and Boeing’s F-47 fighter jet for the Next Generation Air Dominance (NGAD) platform that will replace the F-22 raptor.

The Air Force ultimately intends to field about 1,000 combat-capable CCA, using continuous competition among vendors to drive down costs while scaling fighter capacity. According to Anduril, the production line is currently capable of delivering up to 150 aircraft per year.

The CCA program emphasizes human-machine teaming, allowing pilots to command multiple autonomous aircraft that can scout ahead, engage targets, and absorb enemy fire. CCAs offer a cost-effective means of expanding airpower, allowing militaries to deploy large numbers of capable aircraft without the logistical and human constraints of traditional fleets. 

Their AI-driven autonomy enables rapid decision-making and mission adaptability, particularly in scenarios where communication may be degraded or denied. Moreover, by placing unmanned systems in high-risk roles, commanders can reduce the exposure of human pilots to hostile fire, thereby enhancing survivability and operational resilience.

The YFQ‑44A and related platforms will eventually support missions ranging from electronic warfare and surveillance to strike operations, depending on the needs of the battlespace. 

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Firefighters rescued 25 trapped individuals from a flaming apartment building in Netanya early on Thursday morning, the Israel Fire and Rescue Authority confirmed.

Of those rescued, 13 were evacuated to the hospital for further medical treatment, of which 10 were listed to be in mild condition, and three, a mother and her children, were listed as being in satisfactory condition, according to the announcement.

The fire, which occured on Macdonald Street in Netanya, was reported at 11:34 p.m. to Magen David Adom’s Emergency Dispatch Center in the Sharon region, MDA confirmed.

MDA, United Hatzalah attend scene, provide medical aid

Firefighting and rescue teams, including those from MDA and United Hatzalah, gained control of the fire, preventing it from spreading throughout the building, and searched the premises extensively to ensure that everyone was evacuated safely.

The source of the outbreak is currently under investigation by IFRA.

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Homebuilder mergers and acquisitions (M&A) have changed dramatically since the Great Financial Crisis. What began as a survival-driven market dominated by public builders has evolved into a more competitive landscape shaped by private capital, foreign investment and the pursuit of scale. As builders seek greater operational efficiency and market expansion, consolidation activity is increasingly driven by long-term investors, secondary-market opportunities and evolving deal structures.

Founded in 2017, JTW Advisors is an investment bank specializing in M&A advisory for homebuilders and building products and services companies. Drawing from decades of operational and investment banking experience, the firm advises buyers and sellers nationwide on strategic growth and homebuilder consolidation.

In this conversation, Christopher Jasinski, CEO of JTW Advisors, Charles Schetter, Senior Managing Director and Ken McWilliams, Senior Vice President of Research, discuss how the homebuilder M&A market has evolved since 2010, why secondary and tertiary markets are attracting increased attention and how scale continues to reshape consolidation across the industry. 

HousingWire: How has the homebuilder M&A industry evolved since the Great Financial Crisis?

Ken McWilliams: Since 2010, we’ve tracked nearly 200 homebuilder transactions and seen the market evolve significantly. In the years immediately following the financial crisis, builders were still focused on survival, and transaction activity remained limited.

That began to shift in 2014 as the market regained strength. We saw a meaningful increase in transactions, particularly in larger primary markets, and public builders were the dominant acquirers because they had the strongest balance sheets and the most stability at the time.

Over the next several years, transaction activity continued to accelerate, but the biggest evolution has occurred during the last six years. The buyer pool expanded significantly beyond public builders. Today, the market includes large U.S. private builders, Canadian investors and especially Japanese buyers, who have become major players in the space.

In fact, roughly 30% of the transactions during the last several years involved foreign buyers. Year to date, most of the major acquisitions have involved Japanese firms. As public builder activity slowed, foreign investors and scaled private builders with strong balance sheets became more aggressive acquirers.

HW: How has the expanded universe of buyers impacted the industry?

Christopher Jasinski: The biggest impact is not simply the increase in buyers, but the diversity of buyers. Since 2010, 72 unique buyers have been involved in homebuilder transactions. Buyers now vary widely by strategy, targeting different geographies, product types and growth structures. 

Historically, selling to a public builder was often the only real option. In those deals, the acquirer typically bought the company outright and absorbed the operations. Today, sellers have far more flexibility.

Some buyers still want a full acquisition in which ownership is entirely transferred. Others prefer recapitalizations or partial acquisitions where founders retain equity, continue operating the business and gain access to additional capital to fuel growth. Founders can now access liquidity while remaining involved in the business and participating in future growth.

That diversity has made selling or recapitalizing a business a much more realistic option for private builders. It has increased overall transaction activity because builders now have multiple paths depending on their goals.

HW: What trends are emerging in homebuilder M&A?

Charles Schetter: One of the biggest trends is the industry’s move toward asset-light operating models. Builders are increasingly focused on improving asset turns and return on equity by reducing the amount of land they hold directly on their balance sheets.

That has elevated the role of land bankers in transactions. In many acquisitions today, a land banker participates alongside the buyer at closing, purchasing the lot pipeline and feeding lots back to the builder over time through takedown schedules.

For sellers, that adds complexity because they are effectively working with two sophisticated counterparties simultaneously: the buyer and the land banker. But it also allows builders to remain asset-light while continuing to scale.

Another major trend is the migration toward secondary and tertiary markets. These markets are often less competitive than major metros, which can create stronger margins. There is a concept we refer to as a “mid-sized defensible market”: Markets that are large enough to support growth but not large enough to attract every national builder.

Approximately half of the remaining private builders operate in these secondary markets, which is one reason acquisition activity has increasingly shifted there.

CJ: The margin opportunity is important. In many secondary markets, there are fewer institutionally backed competitors, which often leads to greater profitability. Well-capitalized builders can more effectively leverage scale advantages in those environments.

CS: The third major trend is the growing influence of Japanese homebuilder acquisitions. Firms like Sumitomo, Sekisui and Daiwa House have established a meaningful presence in the U.S. homebuilding market and collectively control a significant share of the industry by dollar volume.

Based on conversations we are having, we expect foreign investment to continue increasing steadily over time. The U.S. housing market remains highly attractive relative to opportunities in many foreign markets, and because homebuilding is fundamentally local, investors need a direct presence here to participate.

HW: What other trends are shaping the homebuilder M&A market today?

CS: Public builders, which historically led consolidation activity, are sitting out much of the current cycle. Many public companies believe that buying back their own stock yields a higher return than acquisitions because some are trading below book value.

At the same time, the market remains choppy. Interest rates, consumer sentiment and uneven demand have pushed public builders to focus heavily on quarterly performance. That has opened the door for large private builders and foreign investors who operate with much longer time horizons. Japanese firms, for example, often think in decades rather than quarters.

Another important development is that some public builders are now becoming acquisition targets themselves. Smaller public companies that struggle with profitability or scale may ultimately benefit from joining a larger organization.

KM: Homebuilding remains an extremely fragmented industry. Some efficiencies come with scale, and builders increasingly recognize that larger organizations can operate more profitably. That push toward scale is driving homebuilder consolidation at every level, including among public builders.

HW: Can you tell us what the future of homebuilder M&A looks like?

CJ: We believe activity will remain robust because the industry continues consolidating. Public builders now control more than half of the U.S. new home market, and when you include major foreign players, that percentage exceeds 60%.

On the supply side, there are still hundreds of private builders across the country that could become acquisition candidates. Because there are now so many different types of buyers and transaction structures, quality builders can usually find a partner that aligns with their goals.

On the demand side, scale remains the primary driver behind homebuilder consolidation because larger builders can spread overhead, improve margins and operate more efficiently within individual markets. Many builders pursuing acquisitions are focused less on entering new geographies and more on deepening scale in markets where they already operate.

CS: We often describe the middle market as “The Pit.” Builders generating roughly $25 million to $75 million in revenue can struggle because they are carrying the infrastructure required to operate, but lack enough volume to achieve strong margins. As builders move beyond that range and scale up to higher revenue levels, profitability improves significantly.

CJ: Scale matters at both the company and market levels. That is why builders continue pursuing acquisitions. Expanding within existing markets creates efficiencies and improves margins across the combined business. Ultimately, the desire to grow and operate more efficiently will continue to drive M&A activity regardless of where we are in the housing cycle.

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Your next prospect has already made up their mind about you. And you’ve never spoken.

Somewhere right now, someone who needs exactly what you do is typing your name into a search bar. They’re reading your LinkedIn profile. They’re scanning what you’ve posted, what others have said, what shows up and what doesn’t. They’re forming an opinion. And by the time you actually speak to them, that opinion is mostly complete. 

The online experience is where the decision actually gets made now. Not on the call. Not in the pitch. In the quiet research you never see, before you even know the prospect exists. Gartner and Forrester have tracked it for a decade: a prospect is about 70% of the way to a decision before they ever reach out. Seventy percent before the first call, before they fill out a form, before they reply to an email, before they even hear your voice.

It climbs every year. The figure was 57% in 2015. Seventy percent by 2019. It’s pushing 80% now. The conversation you think of as the start of the relationship is really the last step of a decision that’s nearly finished.

By the time they call, they’re not shopping around. They’ve already decided you’re a finalist. The call confirms what the research already told them, that you’re credible and you’re the smart choice. The call is the formality.

You’re not winning deals in the pitch. You’re winning them in the research, or losing them there, in an online experience you’ve either intentionally curated or unintentionally ignored. 

Trust has moved from institutions to individuals

For years, the industry ran on a simple promise. Do good work, and the referrals follow. The work still matters, but the referral doesn’t wait anymore. People research first. They shortlist before they reach out. And the ones who get the inquiries were already visible, already authoritative, already clear about who they are.

The person doing the research doesn’t believe much of anything anymore. Trust in institutions has cratered. Seventy percent of people now believe business leaders, government officials and journalists deliberately mislead them. That’s the perspective a prospect brings to your name before you’ve said a word. And it sits heaviest in financial services, a sector that has always had to earn belief the hard way.

But trust didn’t disappear. It moved. As faith in institutions fell, people started trusting individuals instead, and not just anyone. They trust experts and peers, the people who clearly know the thing and have lived it. Edelman’s data shows technical and subject-matter experts ranking as the most credible voices, while corporate executives and institutional spokespeople rank near the bottom. The expert is trusted now. The logo isn’t. You carry the logo. It doesn’t carry you.

The AI skepticism crisis

That rewrites how you get chosen. The borrower isn’t evaluating your lender. The referral partner isn’t evaluating your brokerage. They’re evaluating you. The institution behind you can’t earn that trust on your behalf. That job is yours now, and it gets done in public, online, before the first call.

AI poured fuel on all of it. The skepticism, the doubt, the sense that nothing online is quite what it claims, AI took that and multiplied it. The research phase your prospect is standing in is flooded. Same automated outreach. Same AI-written posts. Same polished profiles that all sound like they came off an assembly line, because most of them did. And buyers know it. Sixty-nine percent of consumers say they’re more skeptical of online content than they were a year ago, specifically because of AI. Less than four in ten believe they can even tell what’s real.

Imagine the actual moment. Someone is researching three professionals who do what you do. The credentials look alike. The websites are similar. The LinkedIn profiles are incomplete or inactive. The content could have been written by the same bot, and it probably was. They can’t verify any of it, and they don’t trust their own ability to try.

So the brain does what it always does under uncertainty. When it can’t trust the message, it judges the messenger.

Your lived experience is your best asset

When buyers can’t trust what they’re reading, they look for who they can trust instead. A real person with a real point of view becomes the smart choice, the signal that cuts through everything that looks machine-made. Researchers have measured the penalty on content people suspect came from AI, and it runs the other way too: a clearly human point of view carries a premium, one that grows as AI gets more capable.

The part AI can never touch is what you’ve actually lived. The deal that collapsed and taught you what to watch for. The borrower you talked off the ledge at 9 pm. The pattern you catch in seconds because you’ve seen it a thousand times. AI assembles information. It was never in the room. Your lived experience is the one input it can’t generate, and it’s the foundation of a brand worth trusting.

So go do what your next prospect is about to do. Search your own name. Read what comes back the way a stranger would, someone deciding whether to trust you with the biggest financial decision of their life. The gap between what you know and what they can see is the only thing standing between you and the deal.

By the time they call, the decision’s been made. The only question is whether it was made in your favor, and whether you gave them any reason it would be.

Stephanie Armstrong is the Founder and CEO of Moxie Creative Studios
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com.

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Organizers of the Great Israeli Real Estate Event held in London on Sunday have apologized amid revelations that the event showcased offerings in the West Bank, contradicting their assurances that it would not.

The owner of a real estate agency that had a booth at the event, meanwhile, told the Jewish Telegraphic Agency that she had obscured the name of a city in the West Bank from a poster but also passed “two flyers under the table” to attendees who expressed interest in properties in contested areas of Jerusalem.

Ahead of the event, the organizers, along with the synagogue that hosted the event and the Board of Deputies of British Jews, publicly rejected claims by pro-Palestinian activists that properties beyond Israel’s internationally recognized borders would be promoted.

They had faced sharp pressure over the claims from dozens of British lawmakers and the mayor of London, Sadiq Khan, and had to find a new space after the venue that was initially set to host the event pulled out abruptly.

Organizers apologize after revelations

Following a protest outside the synagogue where the event took place, the Board of Deputies’ acting president, Adam Cohen, said the event organizers had “publicly refuted claims that it was marketing real estate over the Green Line” separating Israel from the West Bank and alleged that the claims were being used to justify antisemitism.

“The false pretenses seem to be little more than an excuse to harass and intimidate members of the Jewish community,” he said.

The Board of Deputies declined to comment on the subsequent revelations that West Bank properties were advertised at the event.

But the organizers, who have staged similar events in the United States, issued a statement to the UK’s Jewish News that both apologized for mentions of East Jerusalem settlements in a brochure distributed at the event and rejected the idea that British Jews should face constraints in where they are offered property.

“We would like to re-emphasize that the venue made it clear to us that we were not in any way to promote the sale of Israeli real estate over the Green Line, and all participating vendors agreed to abide by that requirement,” the statement said. “At the same time, we believe it is outrageous that in this day and age, anyone would seek to deny British Jews the right to purchase property anywhere in the world, whether in Paris, New York, or Israel.”

The statement also described social media claims that “stolen Palestinian land” was being sold at the event.

“These allegations are simply untrue. No one at the event promoted or spoke about properties in the ‘disputed territories’, such as Givat Zeev or Kfar Eldad,” two East Jerusalem settlements, the statement continued. “Their mention in the event brochure was made in error, for which we apologize.”

Flyers advertised West Bank properties

The revelations came after attendees photographed flyers promoting West Bank settlements and posted them on social media.

The Guardian reported that it had obtained brochures from the event advertising properties not just in Givat Ze’ev and Kfar Eldad but also in Ma’ale Adumim and Teneh Omarim in the West Bank, and Ramat Eshkol and Givat Hamatos in East Jerusalem.

Guy Zilberman, a member of the pro-Palestinian group Jewish Anti-Zionist Action, posted a video showing footage from inside the event where he received brochures from companies selling homes in several of those locations. He said a salesman “directly offered us properties in ‘Judea and Samaria,’” the Israeli term for the West Bank.

The footage showed Zilberman then revealing himself in a conference room and denouncing the event while exhorting attendees in Hebrew not to steal, before being removed by security.

An unnamed member of Jewish Anti-Zionist Action told Sky News, “I visited Tivuch Shelly’s stall and was given a leaflet advertising properties in Ma’ale Adumim, which is an illegal West Bank settlement.”

Legal questions and settlement sales

The locations cited highlight the complexity of Israel’s geography and the pressures facing those trying to sell property in the region.

The UK considers expansions of Israeli settlements a violation of international law, posing potential legal challenges to efforts to sell homes there. The United States does not consider the settlements illegal, making real estate events there less vulnerable to legal scrutiny even as they have drawn fierce protests.

Settlements within the municipality of Jerusalem, such as Ramat Eshkol and Givat Hamatos, pose another wrinkle. While Israel recognizes that the West Bank is disputed territory, it does not consider any part of Jerusalem as such. East Jerusalem was incorporated into the state in 1980, and under Israeli law, both West and East Jerusalem form the state’s complete and undivided capital.

Ma’ale Adumim, meanwhile, is a city of approximately 40,000 that is located in the West Bank and has long been seen as likely to remain under Israeli control if a Palestinian state is created through negotiations in the future.

Tivuch Shelly’s owner and founder, Shelly Levine, told JTA in a phone interview that her company never actively promoted properties in Ma’ale Adumim at the event. She said the words “Ma’ale Adumim” were covered up with tape on their booth.

But she said they gave out “two flyers under the table” with Ma’ale Adumim properties because the company had received emails in advance of the event from people who said they were specifically looking for properties in that area.

She said she did not recall the names of the people but said she had handed over the brochures “in a bag and we told them they were not allowed to take them out or look at them in this building because we are not selling Ma’ale Adumim at this event.”

Levine said she now believes those emails were “a setup” to trick her into sharing incriminating material that could be handed to the media.

Unless people went to Tivuch Shelly’s website, Levine said, “Nobody would know that we advertise in Ma’ale Adumim. We did not break our word to the event organizers; we posted no brochures, put nothing out on our tables.”

Protests, arrests and government scrutiny

Even before the revelations, the lead-up to the event had been fraught for weeks, with the original venue pulling out of hosting less than 48 hours before Edgware Synagogue agreed to host it. And while the venue remained secret until less than 24 hours before the event, almost 1,000 demonstrators showed up outside the synagogue, from both the pro-Palestinian and pro-Israel camps.

Despite police being deployed to the scene to keep the groups separate, 14 people were arrested, including seven pro-Israel and six pro-Palestinian supporters, for offenses including violent disorder, assault, and public-order offenses.

More than 100 members of parliament and peers wrote to Foreign Secretary Yvette Cooper ahead of the event, calling on her to halt the event because selling properties in the West Bank is a violation of international law.

On Tuesday, Cooper told members of Parliament that the government had asked a national regulator to look into complaints connected to both the advertising of the event and promotional material.

“We have asked the authority to urgently look into the matter and reassure us that, if there is any evidence of the advertising or promotion of property in illegal settlements at that event or any others, it will uphold the law, regulations and guidance that apply,” Cooper said in response to a question from a local lawmaker about why the government had allowed the Great Israeli Real Estate Event to go on.

“It is extremely important that those standards are met in the UK, and that is exactly why we have raised the matter so seriously with the Advertising Standards Authority,” she continued.

That was not enough for Zack Polanski, the anti-Zionist Jewish leader of the Green Party, who sent a letter later on Tuesday to Khan demanding action, including from London’s police force.

“This needs to be escalated to the Metropolitan Police Service immediately,” Polanski wrote. “Anything less fails to reflect the seriousness of the situation.”

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Popular cryptocurrency analyst Ali Martinez drew attention to the fact that Elon Musk, who became the world’s first trillionaire, owns Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE).

Is Musk ‘Orange-Pilled’?

In an X post, Martinez paired a line drawing of Musk with the Bitcoin logo, with the caption, “The world’s first TRILLIONAIRE owns Bitcoin. Let that sink in.”

Both of Musk’s companies, Space Exploration Technologies Corp.  (NASDAQ:SPCX) and Tesla Inc. (NASDAQ:TSLA), indeed hold BTC in their reserves. In fact, these two are the only companies in the top 10 by market capitalization that hold BTC on their balance sheets.

SpaceX holds 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. At current prices, this stash would be worth $1.19 billion. Tesla holds 11,509 BTC, worth more than $734 million, according to on-chain data.

Details about Musk’s personal BTC holdings remain sketchy. Back in 2020, he

Full story available on Benzinga.com

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Florida Attorney General James Uthmeier last week issued a legal opinion affirming that all school districts must accommodate parents who want their children to leave or be absent from school for the purpose of receiving religious instruction.

Release time for religious instruction, also known as RTRI, allows students to be excused from school to attend religious instruction or “devotional exercises” off school property.

Uthmeier wrote the opinion in response to a question from Senator Clay Yarborough about whether existing Florida statutes require a school district to accommodate such requests. Uthmeier said his answer, in short, is yes.

According to Uthmeier’s opinion, certain school boards in Florida were providing “blanket denials” for RTRI programs or placing other types of restrictions. Both violate Florida law, said Uthmeier.

“Florida law, consistent with the Supreme Court’s decisions in Zorach and Mahmoud, prohibits public schools from restricting parents’ efforts to direct the religious upbringing of their children, including participation in RTRI,” Uthmeier wrote.

Florida already had policies in place for parents who want their children to be excused for things like religious holidays and religious instruction, but they weren’t mandatory for school districts. Uthmeier’s opinion, coupled with a recently approved update to policy by the Florida Board of Education, gives further guidance to school districts about how the rules should be implemented.

Younger generations can be ‘properly shaped’ in religious character

In his opinion, Uthmeier said the rule ensures that the younger generations are becoming “properly shaped” in terms of civic, moral, and religious character, elements that he said are “essential to the maintenance and longevity of our republican system of government.”

“Crucially, RTRI enables parents to honor their sacred duties to raise their children in the faith. The LORD—author of our natural rights and duties—requires nothing less,” the attorney general wrote.

Board of Education updates existing policy

At a May 14 meeting in Miami-Dade County, the State Board of Education updated its policies to require school districts to allow parents to request permission for a student to be absent from school for religious instruction or religious holidays. The absence would count as an excused absence, and teachers must give students an opportunity to make up missed work, according to the new rules.

The amendment also requires the school principal to work with parents to ensure that absences for religious instruction “do not take place during instruction in core-curricula courses.”

The rule changes take effect on June 17.

At the meeting, members of the board of education applauded the rule changes.

Board commissioner Anastasios Kamoutsas said that the amendment fits into Florida’s broader initiative around teaching character development in schools.

Kamoutsas said the amendment was “near and dear to his heart” and allows students to be given more exposure to education that he believes is vital to a child’s development. At the same time, Kamoutsas said the amendment balances giving children a rigorous classroom instruction with giving parents the option to expose their children to religious instruction.

Board member Grazie Christie celebrated the amendment, saying she believes the purpose of education moves beyond filling “children’s minds with knowledge and technical know-how,” but also includes character development through religious practice.

Freedom of religious expression

The rule change comes at a time when the state and federal governments have been highly focused on advocating for freedom of religious expression.

In February, the Department of Education released guidance reiterating that public school students and employees have a right to act and speak in accordance with their religious beliefs, provided they do not invade the rights of others.

In March, Kamoutsas announced a new complaint process, which allows parents and individuals to submit complaints to the department if they feel their rights to prayer and religious expression in schools are not being honored.

At the May 14 Board of Education meeting, Amy Perwien, a parent in Collier County, raised questions about how a student’s excessive absences may negatively impact their overall learning and mental health. Perwien also asked if all religious holidays would be treated equally.

“How disruptive will leaving and returning to school be for classroom learning? What additional scheduling problems will be created by this rule?” asked Perwien, who is also a member of the Interfaith Alliance of Southwest Florida.

Kathleen Murray, state education director of Citizens Defending Freedom, praised the new rules for allowing parents to “place faith at the center of their child’s lives” without being penalized.

“A child can retake a test, but that child cannot get back a missed opportunity for worship or spiritual growth,” said Murray.

This story was produced with financial support from Trish and Dan Bell and donors in South Florida’s Jewish and Muslim communities, including Khalid and Diana Mirza and the Mohsin and Fauzia Jaffer Foundation, in partnership with Journalism Funding Partners. The Miami Herald maintains full editorial control of this work.

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The Hind Rajab Foundation (HRF), a pro-Palestinian organization that pursues IDF soldiers who served in Gaza when they travel abroad, demanded on Tuesday that the US Justice Department arrest a dual Israeli-American IDF veteran who arrived in Los Angeles for World Cup matches.

The HRF, whose founder and director is affiliated with Hezbollah, previously filed a complaint against him when he was vacationing in Sri Lanka in May.

The organization reiterates its claims that he is an IDF soldier in “D” Company of the 603rd Combat Engineering Battalion, which operates under the 7th Armored Brigade.

According to the foundation, he is a young man who volunteered for service following the events of October 7, 2023, and was subsequently deployed to the Gaza Strip, where he participated in military activity that was extensively documented by the organization’s “investigators.”

HRF claims that the 603rd Battalion has become, “based on extensive documentation,” a central unit in the widespread destruction of civilian infrastructure in the Gaza Strip.

Although it is defined as an engineering unit whose duties include mine clearance and fortification, the foundation claims its activity in practice focused on the systematic destruction of civilian areas.

HRF hunts IDF veterans overseas, makes demands of Justice Department

The foundation claims to have documented at least 65 controlled demolitions carried out by the battalion between October 2023 and mid-2025. It alleges these actions targeted residential buildings, mosques, agricultural lands, and industrial facilities. It is further claimed that the unit was involved in attacks against hospitals, as well as the unlawful detention and abuse of civilians.

According to the foundation, these actions are part of a broader operational pattern designed to render large parts of Gaza uninhabitable and enable territorial division, partly through the creation of military corridors such as the “Morag Corridor” in the southern part of the Strip.

HRF claims its investigation revealed that the soldier is “directly linked to at least one incident of unlawful destruction in Khan Yunis during October-November 2025.”

The foundation further claims that the accused veteran himself posted photos and videos on social media proving his presence inside the Gaza Strip, including in Khan Yunis and Rafah. In one instance, the foundation claims he is seen holding the detonation cable of an explosive charge inside a destroyed civilian structure alongside other soldiers, “indicating active participation in a controlled demolition.”

In another instance, it is alleged that he published a video of a demolition action geolocated to Khan Yunis, which bore his company’s insignia.

Since he is an American citizen and is currently staying in the United States, HRF claims that the United States has “jurisdiction and even a legal obligation to prosecute him for war crimes, genocide, and other serious offenses under US law.”

The organization is demanding that the Justice Department arrest him, immediately launch a criminal investigation against him, and prosecute him in a competent federal court.

The organization states that, alternatively and until then, US authorities must prevent him from leaving the United States until the investigation is complete, and alert immigration and border authorities to prevent his “escape.”

Jake Rome, a representative of the anti-Israel organization in the United States, stated in reference to the young man, that: “The War Crimes Act was enacted to prevent any war criminals, regardless of their nationality, from finding safe haven in the United States. When American citizens travel abroad and commit war crimes and genocide, the obligation to prosecute them is even more vital.”

“Many of our politicians have condemned what they call the genocide being committed by Israel in Gaza, but condemnation is not enough – those responsible must be brought to justice,” said the foundation representative, who curiously operates within the US despite the fact that his founder and director is affiliated with Hezbollah, which is recognized there as a terrorist organization.

“It is time for these politicians to call for the arrest of any Israeli suspected of committing such offenses within the jurisdiction of the United States, so that the law and the commitment to accountability do not become a dead letter.”

He further claimed that “the law requires this, the American public demands this, and above all – justice demands this.”

IDF General Staff Order 08.107 (“Soldiers’ Use of Online Space”) strictly forbids soldiers from uploading documentation, photos, or videos linking them to military activity to social networks.

Despite this regulation and repeated directives from the IDF Spokesperson and military officers, the phenomenon of soldiers documenting themselves in combat zones (such as the Gaza Strip and the West Bank) continues, repeatedly drawing public criticism and even causing international complications for Israel, occasionally prompting urgent behind-the-scenes intervention.

However, despite the directives and the lack of real enforcement within the IDF, the HRF organization – founded just about two years ago – has so far filed around a hundred complaints in dozens of countries based on information uploaded to the web.

HRF filed similar complaints in India, Peru, Brazil, Romania, and Chile

Earlier this month, the organization filed a similar complaint against “A.G.”, a young Israeli man who arrived for a trip in India.

No response of any kind has been reported from the authorities there, and the Justice Department, as in the past, is expected to shelve HRF’s complaint and disregard it.

However, in Peru, Brazil, Romania, and Chile, various legal proceedings have been opened against soldiers as a result of these complaints, and in Peru, there was a relatively clear indication of progress beyond the mere receipt of a complaint.

It should be noted that, in addition, the foundation submitted the names of approximately 1,000 soldiers to the International Criminal Court (ICC) in The Hague, alleging war crimes and crimes against humanity committed by IDF soldiers and officers during the fighting.

The foundation filed additional complaints within this framework against senior commanders and the political leadership, including former chief of ftaff Lt.-Gen. (ret.) Herzi Halevi, then-IDF spokesperson R.-Adm. Daniel Hagari, former defense minister Yoav Gallant, and Prime Minister Benjamin Netanyahu.

The founder of the “March 30 Movement” and its subsidiary “Hind Rajab Foundation,” Dyab Abu Jahjah – a 54-year-old Lebanese national born in the Bint Jbail district – obtained Belgian citizenship through marriage to a Belgian woman, whom he has since divorced.

Abu Jahjah himself is a Shia and, as noted, close to Hezbollah. He is banned from entering the United Kingdom and appears on the No-Fly list for flights passing through United States airspace.

In a militant post recently, he voiced support for the Hezbollah terrorists who the IDF surrounded in Bint Jbail.

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US President Donald Trump said on Thursday that he had signed the memorandum of understanding (MoU) aimed at ending the war with Iran, according to Reuters, with the White House later publishing footage of the signing in an X/Twitter post.

A White House official said earlier on Thursday that Trump signed the agreement, with a United States official adding that Iranian President Masoud Pezeshkian had also signed the document.

US Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Ghalibaf digitally signed the agreement, with Trump witnessing the signing, according to the US official.

Iranian Foreign Ministry Spokesperson Esmaeil Baghaei said that Iran’s nuclear materials would not be sent outside the country, saying that the agreement gives the regime the option of uranium dilution.

He added that the regime would consider continued Israeli attacks in Lebanon as a “breach of commitment.”

Baghaei also discussed the issue of Iranian ballistic missiles, saying that they are “only meant to be fired, not to be negotiated.”

“Iran’s defensive capabilities will not be discussed in any process or with any party,” said Baghaei. “Our missiles don’t like it at all when anyone talks about them.”

Baghaei: 60-day agreement begins today

Baghaei said later on Thursday that negotiations to establish an enforcement mechanism for the MoU would “start immediately.”

He said that the Farsi document is “similar” to the English one, calling that agreement “commitment in exchange for commitment.”

“The US is committed to removing all obstacles when it comes to Iran’s frozen funds,” said Baghaei.

He added that the 60-day commitment begins “today,” noting that the US “should not increase its military presence in the region or issue new sanctions” during the agreement.

He further called for sanctions against Iranian oil to be lifted, saying that the country should be allowed to start selling its oil “starting today and for 60 days.”

Baghaei claimed that the responsibility for the Strait of Hormuz lies with Iran and Oman, saying that the Islamic Republic would collect fees for “services given to ships” passing through the waterway.

Regarding planned talks between the US and Iran set for Friday in Switzerland, Baghaei said they are yet to be confirmed.

“The Friday meeting was confirmed until a few hours ago, but when it was decided that the presidents of the two sides would sign the agreement, it was decided to pause consideration of the Friday meeting for now,” he said.

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SkyBridge Capital founder Anthony Scaramucci threw his weight on Wednesday behind fellow Bitcoin (CRYPTO: BTC) bull Michael Saylor and his firm Strategy Inc. (NASDAQ:MSTR), suggesting they’ll be “right” in the nick of time.

Michael Saylor Not In Trouble, Scaramucci Says

During an interview with CNBC, Scaramucci stated that Saylor is “definitely not in trouble,” pointing to a “very deep capital pool” at his disposal.

“You have to really understand the mechanisms of the balance sheet to understand that Bitcoin can go a lot lower, and he’s virtually not in trouble,” the money manager said.

Scaramucci said that the MSTR stock still trades at a premium to its underlying Bitcoin reserves, which gives people the “necessary arbitrage” to get comfortable with.

“I like him. I think he’s going to be right,” Scaramucci added.

Saylor has defended the company’s model, …

Full story available on Benzinga.com

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Alex Bores, who’s running to succeed Rep. Jerry Nadler in Congress, is threading a very delicate needle.

On the one hand, Bores, a two-term New York State Assembly member from the Upper East Side, has garnered support from several Jewish leaders and political moderates who tout his backing for Israel. He marches annually in the city’s Israel Day Parade and has resisted growing calls for Democratic politicians to support conditioning military aid to Israel.

At the same time, he’s being backed by a number of left-wing groups and individuals calling for those very conditions.

Those two camps seldom coexist on a single candidate’s list of endorsements, especially as Israel has become a major wedge issue this midterm election cycle. But Bores, who has made a promise to regulate artificial intelligence at the center of his campaign for New York’s 12th Congressional District, has managed to maintain the coalition.

“You could make a sitcom,” said Cameron Kasky, a former candidate in the race who’s now backing Bores, referring to what he called the “Boalition.” “If you put 12 Alex Bores endorsers in a mansion together and showed up with a reality TV crew, you could make the most must-watch television in the entire world.”

Scroll through the “Endorsements” page on Bores’ campaign website, and you’ll find Chi Osse, the democratic socialist City Council member who’s called for divesting city pension funds from Israel bonds, just a couple rows down from Carolyn Maloney, the former Upper East Side representative who was a staunch supporter of Israel in Congress.

Progressive groups such as Bernie Sanders’ Our Revolution and PSC-CUNY, the City University of New York’s staff-faculty union, are backing the same candidate who drew the support of ActJew, which supports more centrist candidates and calls itself “a response to a political and social landscape that normalizes antisemitic and anti-Israel activity and rhetoric.”

Bores’ endorsers include some of Mayor Zohran Mamdani’s political allies, such as failed City Council candidate Lindsey Boylan, as well as vocal critics of the mayor, including Fabien Levy, a Jewish spokesperson for Mamdani’s predecessor, Eric Adams.

“I can’t imagine the Bores campaign hasn’t occasionally looked at each other and been like, ‘What is happening right now?’” Kasky said.

A coalition across the Israel divide

So how is Bores pulling it off?

For progressive groups, the answer lies, at least in part, in Bores’ work on AI.

“He put forward the country’s strongest regulation of the AI industry to protect Americans from those who want no rules and only care about unfettered power and profit,” wrote Our Revolution’s executive director, Joseph Geevarghese, in an endorsement announcement. Geevarghese was referring to the RAISE Act, a state law that Bores introduced to impart transparency and safety regulations on AI models.

As an elected official, Bores is no political outsider, though the 35-year-old’s background in the tech industry differentiates him from fellow frontrunner Lasher, who’s spent decades working for politicians such as Nadler, Gov. Kathy Hochul, and Mike Bloomberg, the former mayor.

Bores’ resume includes a nearly five-year stint at the tech company Palantir, starting as a data scientist in 2014 and working his way up to become the US government lead. That gig has complicated how some progressives view Bores, given Palantir’s work with ICE, the Immigration and Customs Enforcement agency that Bores himself has called for abolishing. He has repeatedly said that he quit Palantir over its contract with ICE back in 2019, and that he chose “principle over my career and millions of dollars.”

Pundits such as center-left commentator Matthew Yglesias, who has also joined the Bores coalition, say there is a “unique value” to him winning because of his promise to enforce AI regulations and the message that it would send to the anti-regulation PACs that have been spending against him. Yglesias added that Lasher, too, would be “an above-average House member.”

But in a race with little daylight between the two frontrunners, particularly regarding the US-Israel relationship, Bores’ AI focus is setting him apart. And rather than sit out the race due to differences on Israel, a number of progressive groups are backing him anyway.

“I think progressives see something in Alex that is a testament to a resolve he’s going to bring,” said Kasky, who has advocated for policies such as an arms embargo on Israel. “And I think that that is enough for progressive groups to cede ground on the issue of Israel-Palestine, and frankly, the issue of Israel and the Middle East region as a whole, which is getting increasingly severe.”

Israeli politics in a heavily Jewish district

The makeup of the district itself plays a role as well. As one of the country’s most heavily Jewish districts, NY-12 is seen as less hospitable than other deep-blue districts for a “Squad”-type insurgent candidate. John F. Kennedy’s grandson, Jack Schlossberg, is the only major candidate who calls for conditioning aid and blocking weapons sales to Israel, but he has dropped in recent polls as he’s faced questions over his lack of experience.

Bores, Lasher, and Schlossberg are all listed as “primary approved” candidates by J Street, the liberal pro-Israel organization.

Bores has confirmed that Our Revolution asked him about Israel and gave him its endorsement despite not being aligned on the issue. During a candidate forum in May, he said that “we need to make it acceptable for there to be people in progressive spaces that still believe in the right of Israel to exist and to defend itself.”

Michael Miller, who was CEO of the Jewish Community Relations Council of New York for 36 years, is endorsing Bores and wrote in a Facebook post that Bores is a “steadfast supporter of Israel as a Jewish and democratic state.”

In an interview, Miller, whom Bores named at a recent Temple Emanu-El forum as a Jewish American he admires, said he felt assured that Bores’ support from groups such as Our Revolution was mostly due to his AI work.

“The fact that he’s receiving support from a coalition that includes decidedly left-wing supporters doesn’t trouble me for as long as the issues of central concern to me, antisemitism and support for Israel, are those issues where he has given his support and with which he has identified,” Miller said.

Miller added that he believes Bores’ Jewish family, his wife, Darya (who recently appeared in a campaign ad), and son, Charlie, who is also Jewish, play a “large role in how he thinks about matters of concern to the Jewish community.”

Praise and skepticism from Jewish groups

A number of Jewish celebrities in the district have embraced Bores. The Oscar-winning songwriter Benj Pasek and Jewish cookbook author Jake Cohen posted photos on social media showing them at a Bores event in a private home that included a conversation with journalist Laurie Segall about AI.

On the same day, Miller and more than 20 other local Jewish leaders and elected officials signed a letter endorsing Bores. The letter emphasized his record of combating antisemitism, pointing to measures such as securing funds for Holocaust survivor programs, funding security for synagogues and Jewish institutions, and organizing trips for students to Jewish museums.

But for some Jewish groups, Bores’ support from left-wing groups critical of Israel has given them pause.

Moshe Spern, a board member of the group ActJew, called on Bores to drop his PSC-CUNY endorsement back in March, saying the union is “consistently calling for divestments from Israel” and has “downplayed and ignored Jewish students/faculty experiences since 10/7.” PSC-CUNY revoked a pro-BDS resolution against Israel in February 2025, after its initial passage sparked backlash, including from Hochul and CUNY itself. Spern told JTA he pushed for the group to rescind its endorsement, but was outvoted.

Bores replied to Spern’s tweet, writing that “every major candidate pursued PSC-CUNY’s endorsement,” and that his endorsement interview focused on funding public education and regulating AI. Bores added that he has “spoken out against antisemitic incidents on campuses (including CUNY specifically) and will continue to do so.”

Meanwhile, some progressive groups have refrained from endorsing Bores because of his pro-Israel politics.

“It’s pretty much a non-starter for us to endorse someone who wouldn’t sign on to the Block the Bombs,” said Sophie Ellman-Golan, director of communications of Jews for Racial and Economic Justice, referring to the Block the Bombs to Israel Act that would prohibit certain weapons sales to the country. She added that Bores also voted for a statewide “buffer zone” bill meant to curb protests outside houses of worship, which Lasher introduced, and which JFREJ has vehemently opposed throughout the year.

According to the latest polling data, despite Bores’ greater support from the left, there’s been little difference in the number of voters who are responding to each candidate.

“You go into any Jewish WhatsApp chat, I see this as an Upper East Side resident myself, and there’s no consensus,” said Michael Harris, ActJew’s CEO. “The consensus is Bores or Lasher.”

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Watch this episode without interruptions.

Listen wherever you get your podcasts.

After a turbulent week in the Middle East, the latest episode of The Deep Dive tackles the news that the United States and Iran are preparing to sign an agreement: one that Prime Minister Benjamin Netanyahu says leaves Israel out entirely. To make sense of what this means in the broader picture, Shifra Jacobs is joined by Yasmin Sayeh, an Iranian-Israeli strategic analyst, security-studies scholar, and Persian speaker who works to bridge academic strategy with the human reality inside Iran. Her verdict on the emerging US-Iran deal is blunt: from what is known so far, she calls it possibly the worst agreement she has ever read.

From protests to a deal 

Sayeh walks through the arc of the past six months, from the mass protests and the regime’s brutal crackdown to the multi-front war and now sudden diplomacy. By her account, tens of thousands of Iranians have been killed for demanding change, yet the deal does little to weaken the regime, instead handing it the money, legitimacy, and breathing room to rebuild. She argues that even if leadership has changed hands, the ideology has not, and a diplomatic “win” risks letting Tehran present a moderate, West-friendly face to the world while repression continues at home.

The human cost behind the headlines

A central thread of the conversation is the human cost. Drawing on her reporting for The Jerusalem Report, Sayeh describes how the regime has used sexual violence as a systematic tool of fear against its own people, drawing a direct parallel to the atrocities of October 7 and Iran’s network of proxies such as Hamas and Hezbollah. She and Jacobs press on a difficult point: how easy it is for outside audiences to grow desensitized to these stories, and why testimony, even when it can only be told secondhand, still demands to be heard. For Israelis, she notes, the war never really stopped, with rockets still coming from the north.

Cautious hope and a wish for Tehran

The episode closes on a cautiously hopeful note. Sayeh reflects on the Iranian-Israeli solidarity protests she helped organize in Tel Aviv and the flood of messages she received from Iranians grateful simply to be seen. She suspects the publicized friction between Trump and Netanyahu may be political theater, and holds out hope that the deal set to be signed in Switzerland on Friday could yet hold a surprise. Her closing wish captures the spirit of the conversation: that one day soon she and Jacobs might record the podcast together in Tehran.

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The emerging US-Iran Memorandum of Understanding may reduce the immediate danger of a wider regional war. Israel has every interest in serious diplomacy, especially diplomacy that prevents Iran from advancing toward nuclear weapons and keeps the region from sliding into another catastrophic front.

But diplomacy cannot become a substitute for security, and on the northern border, that distinction is no longer theoretical. Rather, it is the difference between a family returning to Metula, Kiryat Shmona, Manara, Shlomi, or the Galilee, and another year of empty streets, shuttered businesses, improvised schooling, and lives lived in suspension.

The full text of the US-Iran understanding has not been officially published. According to public reporting, Israel was not permitted to review it before the expected signing, even as its reported clauses touch directly on Israeli security.

The reported draft is said to call for an end to the war on all fronts, including Lebanon, while other reports describe provisions related to reopening the Strait of Hormuz, sanctioned Iranian funds, and broader economic rehabilitation for Iran.

Western diplomats told The Jerusalem Post that the framework is expected to affect Israel-Lebanon negotiations. Previous understandings among Israel, Lebanon, and the United States reportedly conditioned a ceasefire on Hezbollah withdrawing from southern Lebanon and disarming, with the Lebanese Armed Forces entering designated areas as the IDF withdrew from them.

That was the correct direction: strengthen the Lebanese state, weaken Hezbollah, and separate Lebanon’s future from Tehran’s agenda.

New US-Iran deal risks empowering Hezbollah in negotiations

The new US-Iran framework risks doing the opposite. By placing Lebanon inside the Iran track, it effectively ties Hezbollah’s fate to Tehran’s leverage. Iranian officials and Hezbollah’s political allies are already treating Israeli withdrawal from Lebanon as part of the next stage of US-Iran negotiations.

That is precisely the danger: Israel’s northern border becomes another bargaining chip in a deal whose central parties are not the people who live under Hezbollah’s rockets.

This does not mean Israel should reject every diplomatic initiative. Israel needs the United States, needs working ties with neighboring countries, and should support any serious effort to turn Lebanon into a sovereign state capable of enforcing its own territory. If the Lebanese Armed Forces can genuinely replace Hezbollah south of the Litani, that is an Israeli interest.

But hope is not a security mechanism. A ceasefire that leaves Hezbollah armed, politically emboldened, and protected by Iranian patronage is not a solution; it is quietly purchased on credit, and the bill will come due in the North.

Northern residents have paid too much for temporary quiet. Since October 7, they have endured evacuations, rocket and drone fire, destroyed homes, collapsing local economies, and the humiliation of not knowing when their own state can safely tell them to return. This is not just a military problem – it is a civic failure.

For years, the state underinvested in the North, neglected emergency preparedness, and allowed border communities to live with insecurity that would be intolerable in the center of the country. The result is a slow hollowing-out of the Galilee.

People leave because they cannot build a future on a warning siren, businesses close because uncertainty is not a business model, and communities meant to embody national resilience become evidence of national neglect.

Israel cannot accept less than dismantling Hezbollah

This is not new, but today it receives a different kind of validation. When an international framework appears to prioritize regional calm over dismantling Hezbollah’s threat, residents hear the same old message: wait longer, trust more, accept less.

Israel cannot accept that.

A responsible Israeli position should be firm, not reckless. Any arrangement must include enforceable benchmarks for Hezbollah’s withdrawal and disarmament, a credible Lebanese or international mechanism on the ground, and explicit recognition that Israel retains the right to act against imminent threats. It must not allow Iran to trade Lebanon’s stability for nuclear concessions, or ask Israeli citizens to return home based on diplomatic language that Hezbollah has not implemented.

Israel should welcome diplomacy that makes the North safer – and resist diplomacy that merely makes that danger quieter.

The people of the North do not need another declaration; they need protection, reconstruction, accountability, and a border secure enough to come home to.

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Cryptocurrency bettors aren’t expecting any change to the Federal Reserve’s policy in July, following the central bank’s unanimous decision to keep the federal funds rate unchanged on Wednesday.

Polyamarket Projects Rates To Remain Steady

Traders on Polygon (CRYPTO: POL)-based Polymarket believed there was roughly an 80% chance that rates would remain unchanged during the next meeting on July 29, while the chances of a 25 basis point increase stood at 25%.

Bets in favor of rates falling below the current 3.50%–3.75% range remained very low. Over $11.8 million has already been wagered on the outcome, making it one of the most traded contracts on Polymarket.

These predictions broadly aligned with the CME FedWatch tracker, …

Full story available on Benzinga.com

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Leading cryptocurrencies were red, while stock futures rallied overnight on Wednesday after President Donald Trump signed a historic “Memorandum of Understanding” with Iran to end all hostilities.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m. EDT)
Bitcoin (CRYPTO: BTC) -1.36% $64,604.40
Ethereum (CRYPTO: ETH)
               
-1.61% $1,755.43
XRP (CRYPTO: XRP)                          -1.70% $1.18
Solana (CRYPTO: SOL)                          -1.29% $72.35
Dogecoin (CRYPTO: DOGE)              -1.02% $0.08619

Crypto Market Fails To Rally

Bitcoin retreated from $66,000 to below $64,000, as trading volume jumped 25% over the last 24 hours. Ethereum slid below $1,800, while XRP and Dogecoin also recorded intraday declines.

Cryptocurrency-related stocks also fell, with Strategy Inc. (NASDAQ:MSTR) and Bitmine Immersion Technologies Inc. (NYSE:BMNR) closing down 5.09% and 3.15%, respectively. 

Nearly $440 million was liquidated from the market in the last 24 hours, with $300 million in long  positions traders alone wiped out, according to Coinglass data. 

Bitcoin’s open interest fell by 2.62% over the last 24 hours. That said, the majority of the retail and whale derivatives traders on Binance were positioned long on the apex cryptocurrency.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price (Recorded at 9:25 p.m. EDT)
Yooldo (ESPORTS)       +145.98%     $0.2055
o1.exchange (O)                    +89.86%     $0.6317
Tac Protocol (TAC)               +45.05%     $0.02388

The global cryptocurrency market capitalization stood at $2.25 trillion, following a modest dip of 0.85% over the last 24 hours.

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Several minority-owned construction firms that helped build the Obama Presidential Center in Chicago say they are still owed millions of dollars and fear the financial damage could threaten their businesses, according to contractors and industry advocates speaking out as the center prepares to open.

Omar Shareef, president of the African American Contractors Association, said multiple Black-owned contractors are under significant financial pressure because of work performed on the project. The allegations carry added weight because the center was widely promoted as an economic opportunity for minority-owned businesses on Chicago’s South Side.

The complaints come just days before the center’s formal dedication ceremony. The Obama Presidential Center is scheduled to be dedicated Thursday with appearances by Bruce Springsteen, Stevie Wonder, and John Legend, before opening to the public on Juneteenth. The 19.3-acre campus sits in Jackson Park and is expected to become one of the most significant landmarks associated with former President Barack Obama.

At the center of the dispute is II in One Concrete, a Black-owned company that participated in a joint venture known as the Concrete Collective alongside Trice Construction and W.E. O’Neil Construction. The group performed major structural concrete work throughout the project and has filed claims exceeding $40 million, alleging substantial additional costs resulting from project changes and delays.

In a separate lawsuit, II in One Concrete has accused engineering firm Thornton Tomasetti of racial discrimination, alleging the company was subjected to excessive scrutiny and unfairly blamed for project delays. Thornton Tomasetti has denied the allegations and maintains that performance issues, not discrimination, were responsible for the project’s challenges. The litigation remains ongoing.

The financial concerns extend beyond minority-owned firms.

Mike Owen, owner of Adamson Plumbing, told Fox News Digital that his company has suffered nearly $4 million in losses after years of work on the project. Owen attributed the losses to repeated design revisions, schedule changes, and project delays that significantly increased costs.

“That is a hole that no subcontractor, small business can survive,” Owen said, warning that layoffs could become necessary if the losses are not recovered.

Another minority-owned contractor reportedly told Fox News Digital that his company absorbed approximately $2.5 million in losses but declined to speak publicly because of a non-disclosure agreement. According to that contractor, work initially expected to last roughly 24 months stretched to nearly five years.

Shareef said some contractors remain reluctant to speak publicly because they fear doing so could jeopardize ongoing efforts to recover disputed payments.

The Obama Foundation disputes suggestions that it directly owes money to subcontractors. The foundation said it paid Lakeside Alliance, the project’s construction manager and general contractor, which in turn was responsible for managing and paying subcontractors. Foundation officials stated that there are no outstanding disputed charges between the foundation and Lakeside Alliance and noted that the foundation has no direct contractual relationship with subcontractors.

The foundation also said it worked with Lakeside Alliance to help smaller firms participate successfully in the project through accelerated payment schedules, advance payments, and a 15-day payment cycle designed to improve cash flow.

Lakeside Alliance acknowledged that financial issues frequently remain unresolved on large construction projects even after completion and said it continues working through outstanding claims and disputes.

Fox News Digital reported that it could not independently verify the losses claimed by contractors or confirm whether any businesses face closure.

The payment controversy arrives alongside renewed scrutiny of the project’s broader finances.

The foundation’s 2020 annual report described plans for a $470 million endowment intended to support future operations and reduce the likelihood of taxpayer-funded support. Public filings, however, indicate the reserve currently contains approximately $1 million. Foundation officials have responded by noting that the agreement with the City of Chicago did not require a specific endowment amount.

Meanwhile, the project’s construction cost has grown substantially. Early estimates of approximately $330 million have risen to nearly $850 million following years of delays, design changes, and construction challenges.

For many of the contractors involved, those rising costs translated into additional labor, equipment expenses, financing costs, and overhead that they say remain unpaid.

As the Obama Presidential Center prepares to welcome visitors, the celebration surrounding one of President Obama’s most ambitious post-presidency projects is unfolding alongside unresolved legal claims, financial disputes, and allegations from some of the very businesses the project was expected to help.

Whether those contractors ultimately recover the money they claim is owed will likely be determined through negotiations and court proceedings long after the ribbon-cutting ceremony concludes. For the companies involved, however, the issue is more immediate: payroll, suppliers, and lenders continue to demand payment regardless of how long legal disputes take to resolve.

JBizNews Desk
Chicago

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

Ford Motor Company and NASCAR are revving up a new tribute to U.S. service members and military families.

The companies are joining forces during America’s 250th anniversary year to launch a military-focused campaign anchored by a new Veterans Day race and a limited-edition Super Duty Proud to Honor package that will support Blue Star Families, a nonprofit serving military and veteran families.

Ford and NASCAR are unveiling the campaign Wednesday during a tribute event aboard the USS Midway in San Diego, where they will be joined by actor and Marine Corps veteran Rob Riggle, Blue Star Families, Zac Brown Band and more than 1,500 members of the local military community.

Nick Ford, director of corporate strategy at Ford Motor Company and the great-great-grandson of Henry Ford, told FOX Business the effort builds on the automaker’s long history of supporting those who serve.

FORD RECALLS MORE THAN 255,000 FOCUS VEHICLES OVER ENGINE STALL RISK

“From day one, supporting the military community has been a huge priority for us,” Nick Ford said. “… We have always tried to show up for our country and for those who serve.”

At the center of the campaign is the “Proud to Honor Veterans Day Classic,” scheduled for Nov. 11, 2026.

The first-of-its-kind race will feature Ford Mustang Dark Horse R race cars and Ford Racing drivers in a tribute honoring all six branches of the U.S. military. The event will also include a concert headlined by Zac Brown Band, with additional performers expected to be announced.

Nick Ford said the company wanted to bring together its racing business and its military support efforts as the U.S. marks its 250th anniversary.

“It is going to be a really special day,” Nick Ford said.

HOW CUTTING ONE COSTLY HABIT COULD SAVE SMALL BUSINESSES THOUSANDS ON FUEL: EXPERT

Tim Clark, executive vice president and chief brand officer at NASCAR, told FOX Business the partnership reflects a shared commitment between the racing organization and Ford to recognize military families and veterans.

“Being able to put a marquee event on a holiday like that… that’s kind of core to [what] NASCAR is,” he said. “… I think it’s a great way to bring that community together.”

Ford is also using the campaign to debut a limited-edition Super Duty Proud to Honor package, available on F-250, F-350 and F-450 models. 

The trucks will feature red, white and blue styling, darkened exterior trim and black wheels, with a portion of proceeds going directly to Blue Star Families.

TRUMP ADMINISTRATION TAPS AUTOMAKERS TO BOOST WEAPONS PRODUCTION IN WWII-STYLE PUSH

Later this week, Ford Philanthropy will host a Ford Driving Skills for Life program for local military teens, focused on helping young drivers build critical safety skills behind the wheel.

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The announcement follows another Ford campaign tied to the nation’s 250th anniversary.

Earlier this year, the Michigan-based automaker launched its “American Value. For American Values” campaign, offering employee pricing to all U.S. customers on most new 2025 and 2026 Ford and Lincoln vehicles through July 6.

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Apple customers may soon pay more for their favorite devices as the company faces soaring costs for memory and storage chips.

The tech giant’s CEO, Tim Cook, told The Wall Street Journal that Apple has tried to absorb the increases but can no longer fully protect customers from higher prices. Cook did not say when prices would rise or which products would be affected.

“Unfortunately, price increases are unavoidable,” Cook told the outlet. “We’re doing our best to mitigate the huge increases that are being passed to us, and we’ve been trying to shield our customers from the increases, but the situation has become unsustainable.”

HOW YOU CAN GET A SLICE OF APPLE’S $250M IPHONE SETTLEMENT

Apple’s next major product launch is expected in September, when the company is likely to unveil its iPhone 18 lineup.

The remarks come as artificial intelligence (AI) companies buy up huge amounts of memory and storage chips, according to The Wall Street Journal.

Research firm TechInsights estimates Apple would need to add about $270 to the next iPhone Pro model to maintain its profit margins, the outlet reported.

APPLE CHIEF TIM COOK SAYS IT WAS THE ‘RIGHT TIME’ TO STEP DOWN AS CEO

Cook said DRAM chips are a key concern because more of them are now being used for AI servers.

“There’s less supply at a time when consumers want devices and the memory guys are passing along huge price increases,” Cook told The Wall Street Journal. “We definitely need memory pricing and supply to return to reasonable levels for consumer products. That’s the bottom line.”

Apple may use its cash reserves to help expand chip supply, Cook said, but the company does not plan to build its own memory factories.

“This is a hundred-year flood,” said Cook. “I’ve never seen anything like it in any area in over 40 years.”

FORMER APPLE CEO SEES OPENAI POSES LARGEST COMPETITIVE THREAT TO TECH GIANT IN YEARS

Apple announced earlier this year that Cook will step down on Sept. 1 after 15 years as chief executive. 

He will transition to executive chairman of the company’s board of directors and will be succeeded by longtime Apple veteran John Ternus, the company’s senior vice president of hardware engineering.

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Apple could not immediately be reached by FOX Business for comment.

FOX Business’ Bonny Chu contributed to this report.

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A growing number of voters in both the United States and Israel appear dissatisfied with the outcome of the war against Iran, according to newly released polling that suggests the political and economic consequences of the conflict are continuing to shape public opinion.

A Rasmussen Reports survey released Wednesday found that 48% of likely U.S. voters consider the war that began in February unsuccessful, including 27% who described it as “not at all successful.” By comparison, 44% viewed the effort as successful. The survey also found that only 35% of respondents favored continuing military operations until the government in Tehran was removed from power.

Economic concerns appear closely tied to those views. Since the conflict began on February 28 under the codename Operation Epic Fury, gasoline prices have risen significantly, with the national average approaching $4 per gallon, according to data tracked by AAA. At the same time, inflation has accelerated. The Bureau of Labor Statistics reported consumer prices up 3.8% year-over-year in its most recent reading, the highest annual pace since 2023, driven largely by energy costs.

Consumers have also faced higher grocery prices and increased household expenses. Recent labor data showed that average hourly earnings, after adjusting for inflation, have declined, adding pressure to household budgets. For many voters, the debate over the war has become intertwined with concerns about everyday living costs.

Those concerns are reflected in President Donald Trump’s approval ratings. A Reuters/Ipsos poll conducted June 3–8 found Trump’s overall approval rating at 35%, among the lowest levels of his second term. The survey found 29% approval for his handling of Iran and 22% approval for his handling of the cost of living. Meanwhile, the Economist/YouGov tracker recorded a net approval rating of negative 25 points, with particularly weak marks on inflation and consumer prices.

Several analysts have noted that economic management has traditionally been one of Trump’s strongest political issues. Rising inflation and higher energy costs have complicated that advantage, placing greater focus on voters’ financial concerns heading into the election season.

The political challenges extend beyond the United States. In Israel, a poll conducted for public broadcaster Kan found significant skepticism toward the U.S.-brokered agreement that ended active hostilities. Among the 555 Israelis surveyed, 18% supported the agreement while 55% opposed it. The poll also found that 70% remain concerned about the Iranian threat despite the joint U.S.-Israeli military campaign.

Views of Trump among Israeli respondents were more mixed. Approximately 40% described him as a strong friend of Israel, while 32% said they believe his approach toward the country may be changing.

A key issue moving forward is the impact of the agreement on global energy markets. The arrangement includes the reopening of the Strait of Hormuz, a critical shipping corridor through which roughly one-fifth of global oil supplies pass. The deal also provides temporary relief on some restrictions affecting Iranian oil exports.

Energy analysts say increased oil supplies could eventually help reduce fuel prices, although several experts have cautioned that supply chains and inventories may take considerable time to normalize. As a result, any meaningful reduction in energy costs may not be immediate.

The economic effects of the conflict have also been felt by businesses. Appliance manufacturer Whirlpool, parent company of KitchenAid and Maytag, recently reported declining sales and cited weakening consumer demand. Meanwhile, the Federal Reserve, under Chairman Kevin Warsh, has kept interest rates unchanged, citing ongoing inflation concerns and uncertainty surrounding energy prices.

The months ahead could prove critical politically. With the midterm elections approaching, public opinion surveys suggest that voters remain highly focused on inflation, fuel prices, and overall economic conditions. Whether lower energy prices emerge quickly enough to ease those concerns may play a significant role in shaping both voter sentiment and market expectations.

JBizNews Desk
Washington

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

Flights from Ben-Gurion Airport Terminal One are expected to reopen on June 28 ahead of the school holidays.

Domestic flights will resume from Terminal One on June 28 followed shortly by international flights on July 1st, as “part of the preparations for the expected increase in the number of passengers during the summer months,” the Israel Airports Authority (IAA) announced on Wednesday.

Terminal One is mainly used by budget airlines due to its lower 

Domestic and international flights have been operating exclusively from Terminal Three for the past four months.

In May, IAA Director General Sharon Kedmi told KAN News that up to three million Israelis would have their flights canceled due to American military activity at Ben-Gurion Airport, which was reportedly using 70% of the airport’s capabilities.

Maariv: US aircraft to be moved from Ben-Gurion

Maariv reported on Sunday that approximately half of the US refueling aircraft currently stationed at Ben-Gurion Airport are expected to be relocated to Israel Air Force bases to reduce the risk of flight disruptions during the summer travel season.

In addition, parking spaces at other airfields, including Megiddo, will be cleared for use by the IAF.

The relocation plan, managed by National Security Council Director Shmuel Ben-Ezra, is expected to be finalized in the coming days.

Anna Barsky contributed to this report.

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The Federal Reserve set the table for Thursday’s trading on Wednesday, June 17, when new Chair Kevin Warsh wrapped up his first policy meeting by holding interest rates steady while signaling that more officials now expect rate increases this year than cuts. The decision, paired with Warsh’s debut press conference, reset the mood heading into the next session and left traders recalculating how long borrowing costs will stay elevated.

Stocks finished Wednesday sharply lower once the message sank in. The Dow Jones Industrial Average fell 507 points, or 0.98%, to close at 51,492.55, wiping out an intraday record set earlier in the day. The S&P 500 dropped 1.21% to 7,420.10, and the tech-heavy Nasdaq Composite slid 1.34% to 26,021.66. Policymakers held the benchmark rate in a range of 3.5% to 3.75%, where it has remained since December 2025, but fresh projections showed nine of 18 officials expecting at least one rate hike before year-end, while six policymakers now anticipate two or more increases. The median forecast now places the federal funds rate at 3.8% by the end of 2026, up from 3.4% in the March projections.

What Could Move Markets Thursday

Fed Rate Expectations

The biggest driver remains the market’s reaction to Kevin Warsh’s first Fed meeting. Traders are now debating whether the next move from the Federal Reserve could be a rate hike rather than a rate cut. If investors continue adjusting to that possibility, stocks could remain under pressure.

Treasury Yields

The 2-year Treasury yield jumped roughly 16 basis points to 4.216%, while the 10-year Treasury yield climbed toward 4.49% after the Fed meeting. Another rise in yields could weigh heavily on stocks, especially high-growth technology companies.

Kroger and Accenture Earnings

Results from Kroger (KR) will provide a fresh look at consumer spending, grocery inflation, and household budgets. Accenture (ACN) will offer insight into corporate technology spending, business confidence, and demand for artificial intelligence-related services.

Oil Prices and the Iran Ceasefire

Crude oil remains one of the market’s biggest wild cards. Prices have fallen sharply following the framework agreement between the United States and Iran that ended hostilities and reopened the Strait of Hormuz. Any disruption to that agreement could quickly move oil prices, inflation expectations, and broader markets.

Technology Stocks

After leading Wednesday’s decline, investors will be watching whether Microsoft, Meta Platforms, Alphabet, Amazon, Nvidia, and other technology leaders stabilize or continue dragging the broader market lower.

Bank of England Rate Decision

The Bank of England is expected to announce its latest interest-rate decision Thursday. A surprise move could ripple through global bond markets and reinforce concerns that central banks remain focused on fighting inflation.

Holiday Trading Ahead of Juneteenth

With U.S. markets closed Friday for Juneteenth, Thursday is the last full trading session before the long weekend. Lower trading volumes can sometimes magnify market swings and increase volatility.

Market Movers

Thursday’s earnings calendar will provide fresh insight into both consumer and corporate spending.

Kroger (KR) reports results before the opening bell, offering investors a window into consumer behavior, grocery inflation, and whether shoppers continue shifting toward lower-cost products and private-label brands.

Consulting giant Accenture (ACN) will provide one of the market’s clearest gauges of corporate spending trends, technology investments, and business confidence. Investors will be listening closely for management’s outlook on enterprise demand and artificial intelligence-related projects.

Additional reports from Progressive and Jabil will provide updates on insurance trends and manufacturing activity.

Technology stocks remain in focus after leading Wednesday’s selloff. Shares of Microsoft, Meta Platforms, Alphabet, and Amazon all closed lower. Meanwhile, SpaceX (SPCX) experienced its first decline since going public on June 12, temporarily pausing a powerful post-IPO rally.

Commodities and Volatility

Oil remains one of the market’s biggest wild cards.

West Texas Intermediate crude traded near $76 per barrel, while Brent crude hovered around $79 per barrel, both well below their wartime highs.

Gold fell 1.77% as investors adjusted to the prospect of higher-for-longer interest rates. Meanwhile, the Cboe Volatility Index (VIX) moved above 16, reflecting increased uncertainty following the Fed’s policy shift.

One additional factor may shape trading activity. U.S. financial markets will be closed Friday, June 19, for Juneteenth, making Thursday the final full trading session before the holiday weekend. Overseas, the Bank of England is expected to announce its own interest-rate decision, with economists widely forecasting no change to its benchmark rate.

For investors, the takeaway is straightforward: the Federal Reserve no longer appears eager to deliver lower rates, and Thursday’s trading session will offer the first real test of how markets adapt to a more hawkish era under Chairman Kevin Warsh.

Bottom Line

Thursday’s market direction will likely be determined by three factors: Fed rate expectations, Treasury yields, and oil prices. If yields continue rising and investors conclude that rates will stay higher for longer, stocks could face additional pressure. If yields stabilize, oil remains contained, and earnings come in strong, markets may attempt a rebound after Wednesday’s sharp selloff.

JBizNews Desk
Wall Street

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

An asteroid around the size of 38 Lubavitcher Rebbes is set to pass the Earth on Thursday, June 18, which is the anniversary of the Rebbe’s death, according to NASA’s asteroid tracker. 

The asteroid in question has been designated 2003 LN6, and is set to fly past the planet at a distance of a little over 1.4 million kilometers, according to the Center for Near-Earth Object Studies (CNEOS) at NASA’s Jet Propulsion Laboratory (JPL).

The relatively close – but safe – flyby will occur during the yahrzeit of Rabbi Menachem Mendel Schneerson, the famed leader of the hassidic Lubavitch sect and the founder of the global Chabad movement. 

The Asteroid Rebbe? How big is the asteroid heading for Earth?

Asteroid 2003 LN6 has an estimated diameter of as much as 67 meters, according to NASA’s calculations. 

But why count all of that when we can instead make a timely reference to one of the most influential Jewish religious leaders of the modern era?

Yes, I am referring to the Lubavitcher Rebbe himself, Menachem Mendel Schneerson. 

While he is often referred to as a giant of Torah and Judaism, his physical size was far more realistic. 

According to records from the Rebbe’s 1941 arrival in the United States by way of the Portuguese ship SS Serpa Pinto to Ellis Island, the man himself stood at a height of five feet, nine inches. 

Now we normally like to do these calculations to appease the metrically-challenged readers, but this time we will do so for the metrically-inclined. Five foot nine inches is roughly 1.75 meters. 

Now the fun part, imagining how many Rebbes can we fit inside the diameter of an asteroid. The answer is approximately 38. 

Unfortunately, the result didn’t come out to any of the more significant Chabad numbers like 770. 

However, if one were to look at chapter 38 of the Tanya, the text that embodies the core of Chabad philosophy and authored by one of the previous Lubavitcher rebbes, we see the following quote: 

“[For] even the material body, and furthermore, even the very stones and earth which are absolutely inanimate – has within it light and vitality from God, so that it should not revert to naught and nothingness as it was.”

The interpretation of this is that even inanimate beings, such as asteroids, have a divine life force maintaining its existence. 

Scientifically, this pairs well with the fact that asteroids are essentially made of the same materials as Earth – both formed of the space dust and minerals from the birth of the Solar System. The origins of the Earth, and all life on it, are in a sense tied to the origins of asteroids. 

Adoneinu, moreinu, ve-asteroid: Will asteroid 2003 LN6 hit the Earth?

It should be noted that asteroid 2003 LN6’s orbit will take it closer to the Earth than what is normal for most asteroids. However, at a distance of over one million kilometers, it still won’t be close enough to cause any danger. 

For context, the Moon is much closer at around 387,000 kilometers. So while the words of the Rebbe may be close to the hearts of the untold masses of Jews around the world, the asteroid I am measuring using him will be far off. 

The Messiasteroid: How can the Earth be protected from asteroids?

Is the Lubavitcher Rebbe the Messiah? Does Chabad think that he was the Messiah?

Officially the answer to both is no, though there are some within the Chabad movement that hold this belief. Regardless, the idea of the Messiah as the redeemer who will save the world is an important one in many hassidic movements. 

But who will protect the world from asteroids?

We may not have a Messiah now, but we do have something else: scientists.

Those working in the field of planetary defense have been hard at work developing ways to monitor asteroids in space and predicting any that could pose a danger to the planet. Some methods have even been put forward to prevent a potential asteroid attack. One such method, that of kinetic deflection, was even put to the test with NASA’s Double Asteroid Redirection Test (DART) Mission. 

So while the Messiah may not be here yet to save the world, scientists can at least make sure the world is still around for when he does come.

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Last year, I had the privilege of attending the biennial Friendship Circle gala. I’d long heard about the worldwide organization that supports individuals with special needs and their families. On a basic level, they do incredible work: they send volunteers to play and spend time with individuals with special needs, giving heroic parents a well-earned break, hosting joy-filled events, and building a supportive community where everyone belongs.

I was invited to the gala by my dear friend Rabbi Levi Shemtov, who, together with his wife Bassie, founded Friendship Circle in 1994 in Detroit, Michigan. I always knew that Friendship Circle was more than just a “hug fest,” although that love and thoughtfulness are essential parts of the magic. But what I witnessed there blew me away. I realized that Friendship Circle was, in fact, a revolution in how we understand human value.

Let’s be honest: when most people see someone with special needs, they may feel sympathetic, maybe inspired, but generally, their expectations are low. People acknowledge that everyone has a place in society, but do we truly believe that people with special needs have something meaningful to contribute?

Sure, people will gush over an art project or applaud a musical performance, but deep down, many still see these gestures as symbolic. “Let them just be happy,” some may think. “Let them live a peaceful life. That’ll be enough.” It’s a sentiment that sounds kind but writes off their potential.

Friendship Circle flips that on its head. They say, “You are a human being.” That fact means you have something to give. The world needs you, and without your contribution, we are all missing something.

It’s not just a feel-good slogan. They mean it. And what’s more, it’s true.

Friendship Circle reframes how we see people with special needs and, most importantly, how they see themselves. Their programs make participants feel unique and special, help them understand that it’s okay to be different, and show them that they belong.

The Rebbe: Term ‘disabled soldiers’ misses the point

The next day, I had lunch at Soul Café with Rabbi Shemtov and his friend, Dr. Stephen Shaya (now my friend too). We spoke about the philosophy behind Friendship Circle. “Where does this worldview come from?” he asked. A little later, he answered his own question.

The highlight of the dinner had been a video of the Rebbe speaking to a group of injured Israeli soldiers, men who had sacrificed their bodies in service of their people. The Rebbe honored their courage, but didn’t let the moment settle into pity. He challenged the very name of their group: “disabled soldiers.” That label, he said, missed the point entirely.

Instead, he urged that they should be called “exceptional soldiers,” people to whom God entrusted exceptional challenges because they have exceptional strengths. Not only were they not “done,” they were just getting started.

That viewpoint is the beating heart of Friendship Circle and, frankly, the way we should look at every human being.

We’re all born with purpose. And purpose is expressed through contribution. That’s not a luxury for the elite or the gifted. It’s not reserved for the successful or the brilliant. It’s a basic part of what it means to be human.

The Rebbe insisted that regardless of our perceived abilities, each of us has a unique mission, something only we can bring into the world. And the moment we lose sight of that, we shrink the very definition of humanity.

The Rebbe’s legacy

On Thursday, June 18, Jews around the world mark Gimmel Tammuz, the 32nd anniversary of the Rebbe’s passing.

On this day, many people study the Rebbe’s Torah teachings, visit his gravesite in Queens, or attend events at their local Chabad House. In addition, what better way to honor the Rebbe’s legacy than by adopting his revolutionary lens on human potential?

His belief was that every person is an indispensable piece of the puzzle and that the picture is incomplete without them. Their contribution might not land on the front page of the newspaper. It might not look revolutionary. But it’s theirs. It’s real. And the world needs it.

No, not every autistic child is a card-counting savant. Not every blind person can play piano at the age of three. But every human being has something to offer.

Sometimes, it takes time to discover. Sometimes, it takes a whole community to believe in you before you believe in it yourself.

That’s what Friendship Circle does. They don’t stop at love and hugs. They roll up their sleeves. They search, they support, and they help each person shine and then share that light with the world.

So the next time you see someone who looks or speaks differently, ask yourself:

When I look at a human being, what do I see?

To learn more about Friendship Circle, visit FriendshipCircle.org.

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UN Secretary-General Antonio Guterres warned on Wednesday that Israeli settler groups could be added to a global blacklist for violations against children as he voiced alarm at a “staggering” rise in violations against Palestinian children.

The world body’s annual report on Children and Armed Conflict recorded 38,558 “grave violations” globally in 2025, affecting 24,174 children, the latter figure a record since CAAC’s mandate began in 1996.

The data showed 14,224 children killed or maimed, with a 34% rise over 2024 in the number killed to 6,266. It said the United Nations had verified the killing of 2,668 Palestinian children in Gaza and 57 in the West Bank.

The Gaza war began on October 7, 2023, when Hamas-led fighters attacked southern Israel, killing about 1,200 people, according to Israeli figures. Israel responded with a large-scale military campaign that has since killed tens of thousands of Palestinians.

“Countries with the highest levels of violations in 2025 were the Occupied Palestinian Territory and Israel, Democratic Republic of the Congo, Nigeria, Myanmar, and Somalia,” a senior UN official said in a briefing on the report.

SETTLER GROUPS IN FOCUS

Israel itself already features in the report’s so-called list of shame annexes for alleged violations, but the latest version for the first time highlights settlers as a potential future listing.

“I am appalled by the magnitude of grave violations against children in the Occupied Palestinian Territory and Israel, notably by the widespread use of explosive weapons in populated areas,” Guterres said in the report.

“I am deeply alarmed at the staggering rise in attacks carried out by Israeli settlers resulting in grave violations against Palestinian children,” Guterres added.

He said Israeli settler groups should be listed if the high number of violations is repeated in 2026.

The report said 9,465 grave violations were attributed to Israeli forces and 326 to Israeli settlers.

It defines grave violations as including the killing and maiming of children, rape and other forms of sexual violence, and attacks on schools and hospitals.

Israel’s UN mission did not immediately respond to a request for comment.

HAMAS REMAINS ON BLACKLIST

The report continues to blacklist Hamas’ armed wing and affiliated factions for killing and maiming children and for abductions, and attributes 2,806 violations to Palestinian armed groups.

The new report comes weeks after Guterres infuriated Israel by adding it to a separate UN blacklist of countries and parties suspected of committing sexual violence in conflict zones, a move that prompted Israel’s foreign ministry to say it would sever all ties with him.

Guterres said he was alarmed by the high number of children detained by Israel and reports of severe physical violence and poor conditions during detention, saying these “may constitute inhuman or degrading treatment or punishment.”

Being blacklisted does not automatically trigger sanctions but causes reputational harm and requires negotiating action plans to secure delisting.

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Israel Police, working in coordination with the Southern District Unit and the National Headquarters for Economic Counter Terrorism under the Defense Ministry, confiscated property on Wednesday linked to drone smuggling into the Gaza Strip since the beginning of the year.

Officials said the operation marks the first time this type of enforcement has been used in the drone field.

As part of the move, Defense Minister Israel Katz imposed economic sanctions based on precise intelligence and evidentiary material collected and transferred by Israel Police, even though the vehicle owners, residents of Bedouin communities in the Negev, were not caught in the act.

Authorities said the measure is intended to target the financial infrastructure behind smuggling activity, disrupt ongoing operations, and strengthen deterrence against individuals and networks assisting terrorist organizations in the Gaza Strip.

“Anyone who smuggles weapons, equipment, or funds to terrorist organizations in Gaza is part of the terrorist network itself and will pay a heavy price,” Katz said in a statement.

New policy broader than terrorism alone

Katz added that he had decided to impose economic sanctions on those involved in drone smuggling into the Gaza Strip, as part of a broader policy aimed not only at terrorists but also at the economic and logistical systems that enable their activity.

Southern District Unit commander Chief Superintendent Shimon Portal added, “This is another significant enforcement tool in our fight against smuggling infrastructures.

“Alongside operational and intelligence activity on the ground, we are also working to damage the economic capability of those involved, thereby disrupting their activity, deterring additional actors, and preventing the strengthening of terrorist organizations in the Gaza Strip,” he added.

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The Federal Housing Finance Agency (FHFA) and Director Bill Pulte are asking Congress for the power to bring civil lawsuits against individuals suspected of mortgage fraud.

In its newest Annual Report to Congress, released Monday, the FHFA recommended new authority to directly sue for mortgage market fraud. This would allow the agency to file the same types of lawsuits in state or federal courts that Fannie Mae, Freddie Mac or the Federal Home Loan Banks (FHLBanks) can.

Alternatively, the FHFA suggested Congress could create a new federal law against mortgage fraud that the agency could enforce in federal court. This would explicitly mirror the Securities and Exchange Commission (SEC)’s direct power to sue for insider trading.

The FHFA did not reply to HousingWire’s request for comment.

Pulte, who was appointed earlier this month as acting director of national intelligence (DNI), has aggressively targeted mortgage fraud as part of leading a major overhaul of the government-sponsored enterprises (GSEs). He has filed multiple criminal referrals to the Department of Justice (DOJ), alleging mortgage fraud against Federal Reserve Governor Lisa Cook, New York Attorney General Letitia James, and Sen. Adam Schiff (D-Calif.).

Last year, the FHFA also announced a partnership with Palantir Technologies to launch an artificial intelligence-powered crime detection unit at Fannie Mae. Around the same time, the agency established an official mortgage fraud tip line for whistleblowers and the public.

The agency said that all federal regulators overseeing mortgages should be empowered to take action against fraud but noted that its current authorities are “indirect or limited.”

Right now, the FHFA is legally required to get reports when fraud is suspected, but it must pass these cases on to other agencies for potential action. It can also block the organizations it regulates from doing business with anyone convicted or sanctioned in the past three years. But only in very specific circumstances can it bring an enforcement action against a partner who fails to ensure the eligibility of loans.

The FHFA is also asking Congress for the legal authority to set safety standards for outside services provided to the organizations it regulates. The agency wants the ability to directly examine the records, operations and facilities of key third-party service providers.

“FHFA’s regulated entities rely on third-party service providers for a wide range of services, some of which are critical to their operations,” the FHFA stated in its Annual Report. “FHFA has limited authority to assess the impact of third-party relationships on the safe and sound operations of its regulated entities.”

According to the agency, the Government Accountability Office (GAO), the Financial Stability Oversight Council (FSOC), and the FHFA’s own Inspector General have all identified this lack of oversight as a top risk and recommended that Congress close the gap.

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