URL has been copied successfully!

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

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

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

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

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

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

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

This post was originally published on here. 

URL has been copied successfully!

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

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

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

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

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

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

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

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

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

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

CLICK HERE TO GET FOX BUSINESS ON THE GO

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

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

This post was originally published here. 

ArchiveJune2024StateDepartmentexteriorinWashington,nottheRubioSybiha meeting location.

URL has been copied successfully!

Ajay Suresh / Wikimedia Commons / CC BY2.0

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

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

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

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

JBizNews Desk | Global Affairs

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive2006Coloradooilpumpjack,photoGregGoebel,cropped16:9,notcurrenttradingactivity.

URL has been copied successfully!

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

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

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

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

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

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

JBizNews Desk | Energy & Markets

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive2016photoofprescriptionbottles,notRxTranYiddishlabels.

URL has been copied successfully!

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

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

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

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

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

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

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

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

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

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

JBizNews Desk | Health & New York/New Jersey

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

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

URL has been copied successfully!
Self-storage urban v. suburban

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

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

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

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

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

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

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

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

Midsize metro areas are where urban self-storage thrives.

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

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

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

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

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

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

Urban inventories grew the most in Northeastern metros

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

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

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

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

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

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

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

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

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

This post was originally published here. 

URL has been copied successfully!

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

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

The need-to-know this morning

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

PepGen shows promising data for muscular dystrophy 

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

Continue to STAT+ to read the full story…

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

This post was originally published here. 

URL has been copied successfully!

Dear Jewish Democrats,

Congratulations. You’ve scored a massive victory in your all-out war against US President Donald Trump. But as my son starts another round of reserve duty – uncomplainingly – I hate to remind you of our uncomfortable reality. We Israelis are still at war. It’s a real war with lethal enemies. And we need your help, now, more than ever – especially after the Democratic sweep.

This is a war of self-defense for the survival of the world’s only Jewish state and for the survival of the Jewish people worldwide. It’s a war we didn’t start – I’m astonished I need to repeat this. It’s a war we, encouraged by you and American governments, dodged for years as our enemies kept arming themselves. And it’s a war that continues, not because of Israel’s government, but because of evil neighbors seeking our destruction… and yours.

Please don’t be fooled. Ours is a particularly dastardly enemy. They live that Jewish joke defining chutzpah as killing your parents, then pleading for mercy as orphans. They’ve turned their ability to start the fight, act barbarically, cheer it, hide behind their women and children amid the counterattack, then cosplay as the world’s innocent Jesus-like victims, into today’s greatest con game.

That doesn’t make Israel perfect. Nor does it compel you to change your domestic politics or even like Israel’s next leader. But it does mean, if you care about us here in Israel – and I know most of you do – that you must remember the threats we face daily, while constantly reminding newly-empowered Democrats of that unhappy reality too.

Whatever you think of Trump and his conduct of the war, Iran remains a lethal threat to America, to you, to the West. We, along with the long-suffering Iranian people, would be so much better off if that regime collapsed – and if American and Israeli power got credit for finishing the job.

US President Donald Trump delivers remarks ahead of the midterm elections at the Lincoln Memorial Reflecting Pool, after being reopened following months of repairs, on the National Mall in Washington, DC, US, November 2, 2026. (credit: JONATHAN ERNST/REUTERS)

Whatever you think of the Jewish terrorists and the outgoing government’s unconscionable failure to stop them, Palestinian terrorism is more lethal, systemic, and popular among Palestinians than Jewish hooliganism is among Israelis.

And whatever you think of Prime Minister Benjamin Netanyahu and how he managed this war, this election reflected Israelis’ pro-war consensus to keep crushing Hamas, Hezbollah, Palestinian terrorism, and Iran’s exterminationist regime. The consensus includes rejecting unrealistic calls for a two-state solution until Palestinian leaders stop demanding a no-Jewish-state solution.

Admittedly, my blunt reminder rejects the blame-Israel-first narrative pushed in the media, on social media, and by a growing minority of your rabbis, teachers, and community leaders – whom I confront in this month’s Commentary cover story.

And it won’t make you popular in the intellectual, social, ideological, and political centers of blue state America you revere and built. But just as my kids and their friends are on the front lines defending you and Western civilization – we need your help on that critical front explaining why America and the new Democratic Congress must not abandon Israel.

I keep hearing from Trump-hating American Jews that Israelis need more “introspection.” They preach about “Jewish values,” which for them means embracing Palestinians while double-crossing their own people.

True, Israelis should ponder how the previous government alienated so many of you. But ask “how much was avoidable” – like the violent settlers – and “how much was unavoidable” – given our need to defend ourselves amid a vicious campaign demonizing us.

But now, as you wield power, maybe you need some introspection – and a reset. You’ve built your political identities around an axis of liberalism and social justice. Since 2016, you’ve revolved around anti-Trump politics, cementing in certainty your all-or-nothing political identity.

Acknowledging Trump’s achievements

Most of you couldn’t even acknowledge Trump’s achievements in advancing peace through the Abraham Accords or fulfilling promises Democrats made but never kept – by moving the US embassy to Jerusalem. And many of you still can’t admit that if Kamala Harris had been elected, some hostages would probably still be languishing in Gaza.

Most inexcusably, so many of you voted for avowed enemies of you, of us, like Zohran Mamdani and Abdul El-Sayed, enthusiastically.

If you at least agonized, denounced their obsessive anti-Zionist form of antisemitism, then said, “nevertheless I fear Trump’s threat more,” there’s something to debate. But your gusto is chilling, as 60% of Michigan Jews supported someone who fanatically hates them and their great homeland reclamation project.

We Israelis will survive. Will you? How sustainable is a Jewish community that cannot recognize brazen adversaries who don’t bother hiding their bigotry? And what country ever succeeded after degenerating into rank Jew-hatred?

So beware. Don’t be too cocky. American politics keeps whiplashing. Since 2000, party dominance has flipped 10 times – with six different reversals since 2012.

If the Squad-squared runs the Washington agenda, intimidating the spineless centrists like Charles Schumer currently leading the party, it could help Republicans triumph in 2028 – note the quadrennially ping-ponging from Barack Obama to Trump to Joe Biden back to Trump.

But if the 160 Congressional moderates win the brewing Democratic civil war, this 2026 election may be realigning.

This is your moment. The pro-Palestinian anti-Zionist antisemites bash America as systemically broken. These illiberal liberals keep canceling anyone who disagrees with them, feeding today’s toxic polarization.

So, please, grow a spine. Stand up for yourselves, your people, Israel. If you emerge as muscular moderates and sane Democratic centrists, you may win future elections by governing America effectively and constructively, not demagogically and vengefully.

The writer is a distinguished scholar of North American history at McGill University and a senior research fellow at the Jewish People Policy Institute. He is the author of nine books on presidential history and nine on modern Zionism, including To Resist the Academic Intifada: Letters to My Students on Defending the Zionist Dream, as well as his latest e-book, The Essential Guide to the US-Israel Partnership: the 250th Anniversary Edition.

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

This post was originally published on here. 

URL has been copied successfully!

Israel’s Mer Group has secured a series of contracts valued at approximately €46 million ($53 million) from government entities in a West African country, expanding its footprint in the intelligence, cyber defense, and homeland security sectors as governments grapple with rapidly evolving AI-driven threats.

The contracts were awarded to a wholly owned subsidiary, Athena Security Implementations, which is Mer Group’s homeland security contributor that specializes in integrating intelligence solutions with national security frameworks.

The contracts include providing intelligence and cybersecurity capabilities, modernizing existing intelligence systems, and modernizing and protecting strategic national infrastructure. The projects are expected to be executed over approximately 24 months.

According to the company, roughly €34m. of the contract value is expected to be supported by a financing agreement between the customer and a financing bank, which is anticipated to be signed in the coming months.

West African Soldiers from Burkina Faso, Ivory Coast and Niger attend the closing ceremony of the U.S. sponsored Flintlock exercises at the site of the new French-backed international counter-terrorism academy in Jacqueville, Ivory Coast  (credit: REUTERS)

Athena works primarily with governments and security agencies, although it also supports corporations facing similar security challenges. According to Athena CEO Omer Lavie, the company’s model begins with assessing a country’s intelligence and security vulnerabilities before designing an integrated package based on Israeli operational experience and proven technologies.

“We don’t just deliver technology,” Lavie told Defense & Tech by The Jerusalem Post. “We provide doctrine, procedures, protocols and best practices, while improving the capabilities of the people operating those systems through training, mentoring, and professional development.”

The new contracts come as governments worldwide confront the growing impact of artificial intelligence on terrorism, intelligence collection, and influence operations.

“The main challenge for intelligence communities today is that AI has fundamentally changed the shape of the threat,” Lavie said. “It’s an arms race between governments and state-sponsored terrorist organizations, and in many cases terror groups have an advantage because they can adapt faster and are not constrained by regulations.”

Among the most significant changes, he said, is the disappearance of traditional barriers to recruitment and influence operations. AI enables terrorist organizations to tailor messaging across multiple languages and demographics while conducting large-scale disinformation campaigns capable of influencing public opinion with increasingly convincing false content.

“AI helps terrorist organizations recruit more efficiently, and intelligence agencies are going to have a very difficult challenge keeping up,” he said.

At the same time, Lavie argued that AI should not be viewed as a revolutionary break from existing intelligence practices but rather as the next stage in their evolution.

“The more data and sensors a country possesses, the better AI will perform,” he said.

Athena helps intelligence organizations adapt by restructuring workflows into smaller, more agile operational units that can rapidly adopt emerging technologies. The goal is to integrate intelligence disciplines such as visual intelligence (VISINT), signals intelligence (SIGINT), human intelligence (HUMINT), and field intelligence into unified platforms accessible across multiple command structures.

According to Lavie, these fusion capabilities significantly improve both defensive and offensive intelligence operations by allowing agencies to analyze massive amounts of information from disparate sources more efficiently.

Saving years of trial and error

The contracts also highlight the growing importance of West Africa and the Sahel region in the global fight against terrorism.

“It’s somewhat off the radar, which makes it an attractive testing ground for terrorist organizations experimenting with new capabilities and technologies, including AI,” Lavie said.

Fighters from the Al Qaeda-linked Islamist group MUJWA, who are travelling with a convoy including Burkina Faso foreign minister Djibril Bassole, stand guard in Gao, northern Mali, August 7, 2012.  (credit: REUTERS/STRINGER/FILE PHOTO)

He noted that the Sahel area has become one of the world’s most active theaters for jihadist terror groups, while many governments in the region continue to struggle with limited resources and operational capabilities.

“Some of these governments have limited budgets and tools,” he said. “What we’re bringing them are combat-proven intelligence solutions that help them avoid years of trial and error.”

Mer Group CEO Avi Shechter described the contracts as part of the company’s broader international expansion strategy.

“The new agreements are a direct continuation of the expansion of the group’s international technological operations in the fields of intelligence, cyber defense, and the protection of critical facilities,” Shechter said. “We continue to deepen our engagement with government clients and leverage the experience and capabilities we have accumulated in complex projects.”

Mer Group operates across homeland security and intelligence, military systems, cybersecurity, and telecommunications infrastructure. Founded in 1982, the company also develops data centers and communication networks for government and commercial customers.

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

This post was originally published on here. 

URL has been copied successfully!

The UN children’s agency said Israel had rejected the importation of equipment needed to repair a water basin in Gaza, and warned that the facility could overflow and endanger nearby residents through flooding and disease.

Local authorities say Israel destroyed water infrastructure and vehicles used to pump water during its war against Hamas, which had displaced most of the territory’s more than 2 million ‌residents and ⁠left much of Gaza in ruins. Most of the population now lives in tent camps.

One damaged facility is the Sheikh Radwan stormwater basin in Gaza City, which is now contaminated with sewage and at risk of overflowing after heavy rainfall, according to UNICEF’s James Elder.

He told reporters the agency had been working with Israeli authorities and US President Donald Trump’s Board of Peace for a year on a $3 million plan to repair it, but that COGAT, the Israeli military agency overseeing humanitarian affairs in Gaza, had rejected the project in the past few days.

“Toxic sewage could flow into the streets and tents of Gaza City, forcing children and families from their makeshift homes once more, and grossly increasing the threat of disease. So we’re a bit baffled,” he told a press briefing in Geneva.

Palestinians are seen inside and near tents sheltering displaced families amid heavy rainfall and flooding in Gaza City, November 7, 2026. (credit: Ali Hassan/Flash90)

“Let’s do the rehabilitation before this becomes another entirely preventable killer of girls and boys in Gaza,” he said.

COGAT did not immediately respond to a request for comment.

COGAT cited security grounds for refusal, Elder says

Elder said it had cited security grounds, in an apparent reference to strict Israeli rules regulating the entry of items that could be used for either civilian or military purposes by Hamas.

This week, heavy rain has already flooded tens of thousands of tents housing displaced Palestinians crammed ​into encampments across the Gaza Strip.

Four people, including three small children, were killed when a sand embankment collapsed on their tents in an incident that highlighted the risks ahead of the rainy winter season.

A US-brokered ceasefire last year called for the eventual reconstruction of Gaza, but little progress has been made as negotiators have failed to agree on terms for Hamas to disarm or for Israel to withdraw its troops.

World Health Organization spokesperson Christian Lindmeier said at the same briefing there were significant communicable disease risks in Gaza due to flooding, poor sanitation and insufficient health and water services.

Nearly 1 million displaced people across Gaza now face medium or high flood risk, he said. 

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

This post was originally published on here. 

URL has been copied successfully!

Yashar party leader Gadi Eisenkot said on Tuesday that the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu would not give up on the issue of haredi (ultra-Orthodox) conscription, amid ongoing coalition talks in which the bloc has considered partnering with haredi parties.

“We are committed to service for all citizens. We will not surrender on the issue of service. We will not surrender our flags or principles,” Eisenkot said at the first Yashar faction meeting in the Knesset ahead of the inaugural ceremony to swear in the 26th Knesset.

Party leaders in the opposition bloc have recently opened the door to negotiations with the haredi parties after previously drawing a red line against partnering with them, offering an alternative path to forming a government amid the political deadlock between the opposition bloc and Netanyahu’s camp following the October 27 elections. 

The haredi parties – Shas and United Torah Judaism (UTJ) – had repeatedly pushed against legislation to draft haredim to the IDF amid the military’s severe manpower crisis throughout the government’s past term.

Eisenkot officially received the mandate to form a government from President Isaac Herzog on Sunday at a ceremony at the President’s Residence. By law, he has 28 days to form a government, starting Sunday, and the president may grant him an extension of up to 14 additional days if necessary.

Avigdor Liberman speaks during a faction meeting at the Knesset, in Jerusalem, November 10, 2026. (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

Eisenkot confident in ability to form government

The Yashar leader has said that “unconventional steps” would be required to form a government and expressed confidence that it would be possible.

“We will work together with our partners – B’Yachad, the Democrats, and Yisrael Beytenu – and extend a hand to any partner who recognizes our four principles,” Eisenkot added during his remarks at the Knesset.

Opposition bloc leaders Naftali Bennett (B’Yachad), Yair Golan (the Democrats), and Avigdor Liberman (Yisrael Beytenu) also expressed their backing for Eisenkot during their respective faction meetings at the Knesset.

Bennett said at the start of his faction meeting in the Knesset that the oppostion bloc has “received the tools necessary to form a good government in Israel.” 

“But there is no time. Even at this very moment, our reservists along all of the country’s borders are crying out for a change of leadership under the stretcher.

Expressing his support for the Yashar leader, Bennett added he was “doing everything possible to help Eisenkot form a Zionist government of reform as quickly as possible, so that we can bring about the ‘servants’ revolution’ and begin repairing the State of Israel.”

Liberman pledges to act as Eisenkot’s ‘right-hand man’

Yisrael Beytenu leader Avigdor Liberman said that Eisenkot was “in charge of forming the government” and that he would act as his “right-hand man.”

“We presented three flags during the election campaign: ending the era led by Netanyahu, establishing a government without Arab parties, and passing a conscription law and forming a government without haredi parties,” Liberman said.

“We thought these positions had majority support among the public, but we saw that they did not, and therefore we are looking for a compromise,” he continued.

Liberman also said that the Eisenkot-led bloc would push for an IDF conscription law that could receive the approval of the High Court of Justice.

Golan called on the opposition bloc not to rule out the Arab parties during his remarks at his party press conferance in the Knesset. Other opposition bloc leaders had drawn a red line against partnering with them ahead of the elections. The Arab parties received a record-breaking 19 seats combined in the elections.

“Do not rule out the Arab parties, and do not exclude the Arab public. Those capable of treating our wounded sons and saving their lives are worthy, entitled, and able to sit alongside us in the government and the coalition,” Golan said.

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

This post was originally published on here. 

URL has been copied successfully!

National Road Safety Authority (NRSA) Council Chairman Israel Police Deputy-Chief (ret.) Moti Edrei has filed a formal police complaint against delivery company Wolt and its CEO, Tomer Cohen, alleging ongoing violations of traffic regulations and serious traffic offenses involving the company’s couriers.

In a letter to the head of Israel Police Traffic Division, Assistant-Chief Haim Shmueli, Edrei called for a criminal investigation into the company and its CEO, along with immediate enforcement measures, including consideration of a court order to suspend Wolt’s operations.

Road Safety Authority claims Wolt must appoint traffic safety officer

In his complaint, Edrei cited Regulation 579 of Israel’s Traffic Regulations, which defines an enterprise as a company or business operating at least 40 vehicles of specified categories, including motorcycles and private cars.

According to Wolt’s figures, approximately 20,000 couriers operate through its platform. The NRSA also holds the registration numbers of approximately 214 motorcycles, scooters and other vehicles used by couriers involved in reported road safety incidents, more than five times the threshold specified in the regulation.

A Wolt standing under a McDonald's sign, in central Jerusalem. (credit: NATI SHOHAT/FLASH90)

Based on these figures, the NRSA argues that Wolt qualifies as an enterprise under the regulation and is therefore required to appoint a traffic safety officer, an obligation the authority claims the company has repeatedly failed to meet.

According to the complaint, Regulation 580(a) also places personal responsibility on the company’s CEO.

Wolt disputes this interpretation, arguing that its couriers are independent contractors rather than employees and that the company is therefore not required to appoint a traffic safety officer to oversee their activities.

The company maintains that it addresses every complaint concerning couriers’ riding behavior and involvement in accidents. However, it has declined to disclose how many couriers have been removed from its platform following such complaints.

Wolt accused of failing to implement road safety measures

According to the letter, the NRSA contacted Cohen in September, demanding that Wolt appoint a traffic safety officer and establish a detailed, binding action plan to reduce risks associated with its delivery operations.

The authority claims the company’s response was insufficient, with Wolt expressing willingness to consider or develop measures in the future without providing implementation deadlines, measurable targets, or defined monitoring mechanisms.

The NRSA further alleges that Wolt has not submitted the promised action plan and has yet to appoint a traffic safety officer.

Edrei argues that Cohen bears personal responsibility for the alleged failure, claiming that the CEO was aware of the legal requirement and its violation but did not take corrective action.

Police urged to investigate Wolt and consider suspending operations

Edrei called on police not only to investigate Wolt and its CEO over suspected violations of traffic laws and regulations, but also to immediately prevent couriers who fail to meet legal requirements from continuing their activities.

He urged law enforcement authorities to consider all available measures, including seeking a court order to suspend Wolt’s operations.

The complaint also calls for increased targeted enforcement against life-threatening traffic violations involving the company’s delivery couriers.

Supporting materials submitted to police include evidence collected by the NRSA, emergency hotline reports concerning Wolt couriers, vehicle registration numbers, findings from enforcement operations and public complaints, including those compiled by the Tel Aviv Municipality.

Copies of the letter were sent to Transportation and Road Safety Minister Miri Regev, Israel Police Commissioner Insp.-Gen. Daniel Levy, and Federation of Local Authorities Chairman Haim Bibas.

Complaint follows years of warnings over delivery courier accidents

Edrei’s complaint follows years of warnings from the NRSA about safety risks involving delivery couriers, which the authority has struggled to translate into effective enforcement measures.

During a Knesset discussion in 2021, NRSA deputy director-general for education and public awareness Nehama Laor Drori said 80 people had been injured in accidents involving delivery couriers over the preceding three years.

According to Laor Drori, approximately 40% of those incidents involved motorized two-wheelers, while another 7% involved bicycles.

She also reported that the number of accidents involving couriers had more than doubled within a year, rising from 10 in 2020 to 24 in 2021.

“It is unacceptable for couriers’ financial motivation to drive them to endanger their own lives and the lives of others,” Laor Drori said at the time.

The authority’s decision to file a police complaint rather than act directly against Wolt highlights the limitations of its enforcement powers.

The NRSA lacks independent authority to enforce traffic regulations and depends on other bodies, primarily the police and the Transportation Ministry, to implement the measures it advocates.

Meanwhile, previous reporting by Walla indicated that police had reduced enforcement against electric bicycle riders, a form of transportation widely used by Wolt couriers.

Wolt rejects allegations, accuses road safety authority of publicity campaign

Responding to the complaint, Wolt accused the NRSA of turning the issue of courier safety into a publicity campaign aimed at rehabilitating its own image.

“Unfortunately, the National Road Safety Authority has turned the issue of courier safety into a public relations campaign to restore its reputation,” the company said.

“Wolt invests significant resources and works continuously to improve road safety for both the public and couriers, as demonstrated in the detailed plan it presented to the authority.”

The company said it had also requested a meeting with NRSA representatives to advance road safety measures, but claimed the request had gone unanswered.

“We would have expected the National Road Safety Authority to focus on promoting professional and practical solutions rather than directing its resources against those working toward the same goal,” Wolt said.

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

This post was originally published on here. 

URL has been copied successfully!

The Tuesday announcement by leaders of the opposition bloc nominating MK Liran Avisar Ben-Horin of the B’Yachad party to serve as temporary chair of the 26th Knesset Finance Committee has brought potential conflicts of interest arising from her husband’s commercial activities to the surface.

Avisar Ben-Horin is married to Itai Ben-Horin, who holds a 50 percent stake in the strategic consulting, public relations, and crisis management firm Ben-Horin Alexandrovitz.

The firm provides spokesperson and communications advice to a central corridor of prominent Israeli companies, including Mizrahi Tefahot Bank, the credit card company Cal, Strauss Group, the pharmaceutical giant Teva, the investment house Altshuler Shaham, Fox Group, Samsung, Ashtrom, SolarEdge, Africa Israel, and the NTA Metropolitan Mass Transit System.

The powers of the Finance Committee include approving budgetary transfers, adjustments to the state budget, tax legislation, and promoting structural economic reforms, all of which directly impact these companies and sectors such as banking, retail, and energy.

Under Knesset regulations, members of Knesset are not bound by the conflict-of-interest agreements standard in the public service. Instead, they are required to disclose any personal interest or affinity during committee discussions and votes. Consequently, during deliberations directly concerning clients of her husband’s firm, the designated chair must declare her connection to them.

Liran Avisar Ben-Horin, a member of the B'Yachad party, attends the presentation of the party’s candidate list ahead of the upcoming general elections in Tel Aviv, September 6, 2026. (credit: FLASH90)

Conflict-of-interest agreement signed during tenure in Communications Ministry

Furthermore, during her tenure as director-general of the Communications Ministry between 2020 and 2023, Avisar Ben-Horin signed a formal conflict-of-interest agreement. As part of that arrangement, she committed to submitting a quarterly list of major clients handled by Ben-Horin Alexandrovitz and files under her husband’s personal care, and to refraining from involvement in decisions that could create a conflict of interest.

In addition to her husband’s business activities, Avisar Ben-Horin served until recently as a senior officer at the infrastructure and investment fund Keystone. The fund holds a controlling interest in the Egged transportation company, owns 40 percent of Hot Mobile, and holds stakes in the Hagit Mizrach and Ramat Hovav power stations (via Keystone Power), Sunflower, and the Ashkelon desalination plant.

Keystone’s sectors of operation are directly influenced by central government decisions. Egged relies on operating agreements and government subsidies, portions of which pass through the Finance Committee (as approved in past budgetary transfers in 2019). Tax legislation, levies, and regulation affect the power stations and renewable energy assets, while desalination facilities operate under state concessions that may require committee budgeting.

Avisar Ben-Horin, who holds a Law degree from New York University and previously served as director-general of the Communications Ministry, steps into the committee role as budgetary transfers, surplus allocations, and economic reform deliberations top the agenda. The legal and procedural challenge facing her will be managing committee meetings and votes given the substantial business ties of her immediate circle and her professional background.

B’Yachad defends Ben-Horin’s appointment to Finance Committee chair

The B’Yachad party released a statement in response: “Liran Avisar Ben-Horin will assume her position and act on behalf of the Israeli public in accordance with the law and proper governance standards, including conflict-of-interest arrangements, as she has done across all public roles over the past twenty years, including as director-general of the Communications Ministry and chief of staff to the director-general of the Prime Minister’s Office.”

Meanwhile, Deputy Knesset Speaker MK Limor Son Har-Melech (Otzma Yehudit) submitted an urgent request to Knesset Legal Adviser Sagit Afik, demanding an immediate freeze and review of Avisar Ben-Horin’s designated appointment to head the Finance Committee. In her letter, Son Har-Melech warned of an inherent conflict of interest stemming from the family firm’s business relationships with prominent corporate entities in banking, capital markets, real estate, energy, and retail.

Son Har-Melech noted that the committee chair has sole authority to set the agenda, schedule sessions, and advance economic decisions, rather than merely vote. She questioned whether the committee could formulate an effective conflict-of-interest arrangement for the role, citing the previous arrangement required during Avisar Ben-Horin’s tenure at the Communications Ministry.

“The Finance Committee cannot become a venue where family business interests potentially conflict with the public interest,” a statement on behalf of MK Son Har-Melech read. “The issue is not merely how one votes in a specific discussion, but control over the agenda and decisions promoted or delayed. Therefore, a thorough legal review must be completed before any appointment is approved.”

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

This post was originally published on here. 

URL has been copied successfully!

Israeli Ambassador to the United States Yechiel Leiter strongly criticized The New York Times on Sunday, accusing the newspaper of spreading a “blood libel” against Israel and warning that allegations of genocide and starvation in Gaza could pave the way for violence against Jews.

Speaking before thousands of Chabad emissaries at the movement’s annual international conference in New Jersey, Leiter described a meeting with 21 NYT editors in November 2025, during which he said they accused Israel, its government, and IDF soldiers of committing genocide and deliberately starving Palestinians in Gaza.

Leiter recounts confrontation with 21 New York Times editors

“In two days, it will be exactly one year since my meeting with ‘The New York Times’ editorial board on November 10,” Leiter told the gathering.

According to Leiter, his spokesperson persuaded him to attend the meeting despite his doubts about whether it would be productive.

Palestinians wait to receive food from a charity kitchen after the global hunger monitor, Integrated Food Security Phase Classification (IPC), said that Gaza City and surrounding areas are officially suffering from famine that will likely spread, in Gaza City, August 28, 2025. (credit: REUTERS/Mahmoud Issa)

“I walked into the room. They were the jury, the judge, and the firing squad,” he said. “Fifteen editors were in the room, and another six were on the screen. They accused me, the Israeli government, and IDF soldiers of genocide and starving people to death.”

The ambassador said he attempted to present the editors with information about humanitarian aid entering Gaza and Israeli efforts to minimize civilian casualties during military operations.

“I told them how many trucks of humanitarian aid enter every day. I told them how we risk the lives of our soldiers to avoid taking the lives of noncombatants on the other side,” he said.

“I brought facts, and they brought feelings.”

Leiter recalled an exchange approximately 45 minutes into the meeting, when one editor reportedly challenged his position by saying, “Ambassador, not everyone can be wrong.”

“I answered him: Not everyone is wrong. Not everyone thinks we are committing genocide,” Leiter said.

He cited urban warfare expert John Spencer and journalist Douglas Murray, both of whom have defended aspects of the IDF’s conduct in Gaza.

“If you think that everyone believes this, maybe it is because of you, ‘The New York Times’,” Leiter said.

Ambassador criticizes ‘New York Times’ over photo of malnourished Gaza child

At the center of the confrontation was a photograph of Mohammed Zakaria al-Mutawaq, a Palestinian toddler approximately 18 months old, published on the front page of The New York Times in July 2025.

The photograph showed the severely underweight child in his mother’s arms and became one of the widely circulated images associated with the hunger crisis in Gaza.

Leiter argued that the newspaper had failed to provide readers with the child’s full medical history.

“You did not mention that the child suffered from a genetic disorder, cerebral palsy and other medical conditions,” he said. “And you also cropped his brother, who was completely healthy, out of the photograph.”

According to Leiter, one of the editors questioned whether he was placing excessive significance on how the photograph had been used.

“I told him: No. This is a blood libel,” Leiter said.

Following publication of the photograph in July 2025, The New York Times updated its reporting to clarify that the child had preexisting medical conditions affecting his brain and muscle development.

However, the newspaper also emphasized that the toddler was suffering from severe malnutrition and that his condition had deteriorated amid shortages of food and medical care in Gaza.

Leiter compares accusations against Israel to historical antisemitic blood libels

Leiter expanded his criticism by drawing comparisons between contemporary allegations against Israel and antisemitic blood libels historically directed against Jewish communities.

“There is no difference between what is being done to us today and what was done to our grandparents in the ghettos of Europe,” he said.

“This is not just another antisemitic statement. This is a blood libel. And a blood libel will cost lives.”

The ambassador argued that accusations of genocide against Israel could contribute to an atmosphere that encourages future violence against Jews.

“The reason they accuse us of genocide is to prepare the next genocide against us,” Leiter claimed.

“Hitler did not come out of nowhere. There were years of demonization and delegitimization of Jews before that,” he said.

“And now, through the State of Israel, through the Jewish state, there is an attempt to delegitimize and deny Jews their rights as Jews.”

Israel’s existence, not territorial disputes, is at stake, ambassador says

Leiter warned that what he described as the current campaign against Israel was no longer primarily focused on territorial disputes.

“The issue today is no longer Judea and Samaria, the Golan Heights, Gaza or Jerusalem,” he said. “What is at stake is the very existence of the State of Israel.”

Addressing the slogan “From the river to the sea,” which was heard at demonstrations in the United States in the days following the October 7 attacks, Leiter argued that the phrase was not a call for territorial compromise.

“They are not talking about giving up Hebron,” he said. “What they mean is the destruction of the Jewish people in the Land of Israel.”

Israeli ambassador urges Chabad emissaries to confront antisemitism

Concluding his remarks, Leiter called on Chabad emissaries to intensify their efforts against antisemitism and recognize what he described as growing threats to the Jewish people.

He urged those attending the conference to identify and challenge antisemitic rhetoric, arguing that hostility toward Jews can take different forms.

“The plague of our generation is that we have forgotten how to identify the enemy,” Leiter said.

“Antisemitism is not made up of just one thing. It is a virus that mutates.”

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

This post was originally published on here. 

Official Dreeze company logo, centered on a neutral background.

URL has been copied successfully!

Dreeze

TEL AVIV – Israeli cloud-recovery company Dreeze announced $33 million in seed funding Tuesday and said its Application Revival platform is generally available for Amazon Web Services. Norwest and Bessemer Venture Partners led the funding, with participation from Claltech.

In its November 10 announcement, Dreeze said the software is designed to restore complete cloud applications after outages and cyberattacks, rather than recovering data alone. The announcement discloses the funding; it does not establish that the round closed Tuesday.

Cloud applications depend on infrastructure, configurations, identities, encryption keys and connections as well as data. Dreeze says its platform maps those dependencies, backs them up, rebuilds them in the required order and lets customers test recovery before a disruption.

Those are the company’s descriptions of its product, not independently verified recovery results. The release does not provide a uniform recovery-time guarantee or establish that the software eliminates every source of downtime.

“Companies have spent years getting better at backing up data, but getting the data back doesn’t mean the business is back,” co-founder and CEO Ziv Kedem said in the announcement.

Dreeze said it has 70 employees across Israel and the United States. It plans to use the funding for product development, sales and marketing and to expand its enterprise customer reach.

The company distinguishes between two cloud offerings: Dreeze for AWS is in general availability, while its Microsoft Azure offering is in early access, with general availability planned for early 2027. Azure customers should not read the announcement as unrestricted availability today.

Dreeze was formed in 2025 by Ziv Kedem, Oded Kedem and Avi Raichel. Its company history describes the founders’ earlier work at Kashya and Zerto, the disaster-recovery company acquired by Hewlett Packard Enterprise in 2021.

What it means: Dreeze is using the funding announcement and AWS launch to pitch application recovery as a broader task than data backup. For potential customers, the useful distinction is what the product actually restores and tests in their own environment, and whether their cloud platform is generally available or still in early access.

JBizNews Desk | Israel Business & Technology

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

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

URL has been copied successfully!

Anthropic, the artificial intelligence company behind the Claude chatbot, is seeking a valuation of up to $1.02 trillion in a blockbuster initial public offering, falling short of earlier expectations as Wall Street grows increasingly cautious about the enormous costs fueling the AI boom.

The San Francisco-based company plans to raise as much as $64.4 billion through the sale of 825 million shares priced between $70 and $78 apiece, according to an amended Securities and Exchange Commission filing released Tuesday.

Anthropic will also raise $26 billion through a separate private placement involving major technology companies, including Google, Nvidia, Microsoft and AMD, bringing the combined fundraising target to as much as $90.4 billion.

JOE MANCHIN CALLS ON TRUMP TO FREEZE AI IPOS, CLAIMS PRESIDENT HAS ‘POWER TO SAVE HUMANITY’

The proposed valuation is significantly below the $1.5 trillion figure previously discussed by prospective investors. At one point this year, investors had anticipated a valuation as high as $2 trillion, Reuters reported.

The reduced target comes amid growing concerns about whether AI companies can generate sufficient returns to justify their massive spending on chips, data centers and computing infrastructure.

“What we are seeing is essentially a reassessment of Anthropic’s value in a more challenging AI environment,” Ipek Ozkardeskaya, senior analyst at Swissquote Bank, told Reuters.

“The company continues to post impressive growth, but investors are increasingly focused on the cost of generating that growth,” she added.

Still, some analysts view the proposed valuation as a sign of continued confidence in the AI sector despite recent market volatility.

Fiona Cincotta, senior market analyst at City Index, described the offering as “fairly bullish,” saying it suggests Anthropic remains optimistic about future demand for artificial intelligence.

ANTHROPIC CEO CALLS ON AI INDUSTRY TO SLOW DOWN TECH RACE, DRAWING SUPPORT FROM ELON MUSK, SAM ALTMAN

Anthropic’s IPO filing revealed explosive revenue growth, with sales reaching $33.2 billion during the first nine months of 2026, compared with $2.5 billion during the same period last year.

Third-quarter revenue climbed to approximately $17 billion, driven by growing adoption of its Claude AI models across industries including healthcare, financial services and legal services.

Despite that growth, Anthropic reported a $1.3 billion operating loss for the first nine months of the year, including a $567 million loss in the third quarter.

The company also recorded a $104 billion net loss over the nine-month period, largely driven by noncash accounting charges related to financing arrangements. Operating cash flow, meanwhile, was positive at $6.6 billion.

The financial disclosures highlight the challenges facing AI developers as they race to expand computing capacity while competing for customers and market share.

Anthropic has disclosed nearly $900 billion in computing commitments with partners including Amazon and Google, underscoring the scale of infrastructure investment required to support its ambitions.

ANTHROPIC AI SENDS FAKE MURDER TIP TO PHILADELPHIA POLICE

“You’ve got to build a sustainable client base that is willing to pay those sizeable bills, both on the consumer side and among businesses,” Michael Baker, head of U.K. premium clients at Capital.com, told Reuters.

“It’s a huge valuation, and I think it will take a lot to convince investors that it represents a fair price,” Baker added.

Anthropic’s prospectus warns that competitors could develop more advanced models faster and that rapid advances in AI could outpace the company’s ability to implement adequate safety and security measures.

Founded in 2021 by former OpenAI researchers, Anthropic is led by CEO Dario Amodei and competes directly with OpenAI and other technology companies developing increasingly powerful AI systems.

The company plans to list on the Nasdaq under the ticker symbol “ANT,” although a trading date has not yet been announced.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Goldman Sachs and Morgan Stanley are leading the underwriting syndicate for the offering.

FOX Business’ Madison Alworth contributed to this report.

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

This post was originally published here. 

Archive photograph of the New York Stock Exchange facade, April2008, cropped16:9.

URL has been copied successfully!

Arnoldius / Wikimedia Commons / CC BY-SA3.0

NEW YORK – Stocks opened lower Tuesday as Treasury yields rose after the government’s October inflation report, cutting into Monday’s rally.

The Dow Jones Industrial Average was down 0.47% at 52,144.30 in a quote stamped 9:48am Eastern. The S&P 500 was down 0.58% at 7,506.25 at 9:48am, while the Nasdaq Composite was down 0.70% at 25,076.221 at 9:48am.

The 10-year Treasury yield stood at 4.988% at 9:48am, up from the previous close of 4.862%. These are early-session snapshots, not closing prices.

The Bureau of Labor Statistics reported that consumer prices rose 0.4% in October from September, slowing from September’s 0.6% increase. Core prices, excluding food and energy, rose 0.3% for a third consecutive month. The figures were covered in JBizNews’ report on the release.

BLS said it could not publish October 12-month changes for indexes whose October 2025 observations were unavailable because of last year’s lapse in appropriations. That limits year-over-year comparisons; it does not mean that all individual CPI series lack annual figures.

Before the release, Federal Reserve Governor Christopher Waller said he favored at least a quarter-point December rate increase and would consider a half-point move if core inflation stayed at 0.3% or higher. As JBizNews reported earlier, the October reading met his stated threshold for considering the larger move. His remarks were conditional and preceded the data, not a post-release reaction or a decision by the full Federal Open Market Committee.

Chip shares were mixed as the market pulled back. In the Nasdaq exchange’s 9:49am quote, Nvidia traded at $170.46, down 4.60%. Advanced Micro Devices was up 1.40% at $515.71 in its 9:49am quote. AMD’s move had turned positive rather than remaining near flat.

Nvidia’s board said Sunday that it was initiating an independent investigation following reporting that chief executive Jensen Huang had been the target of a foreign intelligence effort. Independent directors and outside counsel will oversee the review.

The board said it had no reason to believe national security or Nvidia secrets had been compromised, expressed confidence in Huang and his leadership team, and said he supported and would cooperate with the review. The announcement is an investigation, not a finding of wrongdoing.

What it means for you: The inflation report showed slower monthly headline price growth, but core inflation remained at 0.3%. The rise in Treasury yields is worth watching alongside borrowing costs. Early stock moves can change quickly, so the levels above should be read with their individual timestamps.

JBizNews Desk | Wall Street

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
ArchiveDecember2023Knessetexterior,nottheNovember2026ceremony.

URL has been copied successfully!

כובש המלפפונים / Wikimedia Commons / CC0

JERUSALEM – President Isaac Herzog addressed the opening session of Israel’s 26th Knesset Tuesday, called on lawmakers to debate with respect and then invited Speaker Amir Ohana to take the parliamentary oath before handing him the chair.

In the official Knesset television broadcast, Ohana pledged loyalty to the State of Israel and faithful fulfillment of his mission in the Knesset. Herzog then transferred management of the session to him.

The ceremony continued with a recital of Psalm 122, after which Ohana began his opening remarks on the new parliament. These were opening-session steps, not the announcement of a coalition agreement or a vote to replace the speaker.

Herzog’s address emphasized how lawmakers speak to one another. He urged them to disagree passionately while considering the effect of debate inside the chamber on public life outside it. He referred to a dialogue initiative established by bereaved families and said the country’s wounds could not heal while one person’s pain became another’s goal.

The president also reminded lawmakers that their words and decisions reach beyond Israel. Decisions made in the chamber directly affect Jewish communities around the world, he said, adding that they look to Israel as their home too.

Turning to the future, Herzog said the full scale of the artificial-intelligence revolution was not yet known. He called for preparation so that every child in Israel could participate equally in that future: Jewish and Arab, secular, religious and Haredi.

His remarks framed AI as a challenge for preparation, education and scientific leadership. They were not a forecast that a particular technology, economic outcome or government policy had been secured.

Herzog closed with prayers for service members, recovery for those wounded in body and mind, and support for bereaved families. The Psalm 122 reading that followed the oath was given by Avi Harush, identified in the broadcast as the father of fallen soldier Rif Harush.

Ohana then spoke about the start of the 26th Knesset and the difficult period experienced by its predecessor. His assumption of the chair in this opening sequence should not be confused with the outcome of any subsequent speaker-selection process.

A subsequent segment of the same official broadcast showed the roll-call pledges under way, with lawmakers taking the oath one by one. The chair addressed MK Itamar Ben-Gvir during an interruption, warned that the next disruption would lead to removal without another warning and then asked the Knesset secretary to continue. The segment does not establish who caused the interruption or why.

The opening follows the session preview published earlier by JBizNews. The broadcast segments reviewed for this report confirm Ohana’s oath, the handover of the chair and the roll-call pledges under way; they do not establish that all 120 members had completed their oaths.

What it means: The new Knesset’s opening ceremony has begun, with Herzog’s address and Ohana taking the oath and chairing the session. Coalition formation, any later speaker vote and the completion of all members’ oaths are separate developments.

JBizNews Desk | Israel & Global Affairs

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

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

URL has been copied successfully!

Four states have filed a lawsuit asking the court to delay implementation of Medicaid work requirements less than 60 days ahead of the implementation deadline.

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

This post was originally published here. 

Archive photograph of the Knesset exterior, December2023. Not the appointment meeting.

URL has been copied successfully!

כובש המלפפונים / Wikimedia Commons / CC0

JERUSALEM – Prime Minister Benjamin Netanyahu is reported to be preparing to seek Cabinet approval Wednesday for the appointment of Foreign Minister Gideon Sa’ar as Israel’s interior minister.

The planned appointment would return Sa’ar to a post he held between 2013 and 2014. Cabinet approval is still pending; the announcement is not a completed appointment.

Likud said Netanyahu initially offered the position to MK Ofir Katz. Katz is reported to have declined so that he could focus on coordinating the right-wing bloc’s parliamentary moves in the Knesset.

The planned Cabinet submission comes as Israel’s 26th Knesset opens its term. The timing of any approval and Sa’ar’s formal entry into the role remain separate from the announcement of Netanyahu’s intention to nominate him.

What it means: Netanyahu is moving to fill the Interior Ministry post, but the next step is a Cabinet decision rather than a transfer of authority already completed.

JBizNews Desk | Israel & Global Affairs

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

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

URL has been copied successfully!

Top of the morning to you and a fine one it is. Blue skies, cool breezes, and plenty of chirping birds are enveloping the comfy Pharmalot campus, which is cause to fire up the coffee kettle for yet another cup of stimulation. Our choice today is pistachio. Meanwhile, we have assembled the latest menu of tidbits for you to peruse. We hope you have a wonderful day and please do keep in touch. Once again, we will note that our settings have changed to accept postcards and telegrams …

The Food and Drug Administration approved a Bayer drug to reduce recurrence of stroke, making available the first in a novel class of medications that hold the promise of preventing blood clots more safely, STAT notes. Many blood thinners are not used in this setting due to the increased risk of bleeding, but the drug, which will be sold under the brand name Sunharbo, uses a mechanism that is thought to stop the formation of bad clots without increasing the risk of bleeding. Experts say the data showed a significant advance in an area that has seen little innovation over the past few decades. Secondary strokes are estimated to affect about 20% of people who have had a first stroke and can cause severe disability or death.

The FDA warned that GLP-1 drugs carry a potential risk for a rare but serious eye condition and required pharmaceutical companies to inform patients and doctors of the risk, STAT writes. The condition, called non-arteritic anterior ischemic optic neuropathy, or NAION, is sometimes referred to as an “eye stroke” and is caused by insufficient blood flow to the optic nerve. It typically causes sudden vision loss and, in severe cases, can lead to blindness. There are currently no proven treatments for the condition. The FDA said it started looking into this risk after researchers in 2024 published an observational study linking Ozempic and Wegovy to the eye condition.

Continue to STAT+ to read the full story…

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

This post was originally published here. 

URL has been copied successfully!

Martin Hunt joined the volunteer fire service at 15 in his corner of northern Delaware, just outside Philadelphia. Along with fighting fires, he eventually took on a less glamorous part of keeping a department running: selling its old trucks.

It was a lot harder than it sounds. A department that buys a new engine often needs to sell the one it replaced to help pay for it. However, finding a buyer meant cold-calling departments across the country or sending the truck to a local auction, where a vehicle that another town could use might unfortunately go for scrap. 

Last year, the very same engine that carried Hunt to his first fire went up for sale. His hometown department’s board hoped to get $30,000. Instead, it sold within days for $125,000, Hunt said, on the online marketplace he had built with his cofounder, Alaz Sengul.

Their company, Garage, is building a nationwide marketplace for the trucks that keep communities running. It connects departments ready to sell with buyers who can’t afford new equipment or wait years for it to arrive, because a truck one town has replaced can still have a long working life somewhere else. 

Now the 27-year-old former firefighter, who later worked in private equity at Goldman Sachs, has raised $41 million to grow it. The Series B, led by Invus Opportunities, values the startup at $225 million and brings its total funding to $60 million, the company told Fortune. 

From cold calls to a company 

By 2023, Hunt was a private equity investor at Goldman Sachs when a friend from his old fire department reached out. The friend had taken over Hunt’s equipment duties and wanted to know how Hunt had managed to make it look so easy. 

“I told him it wasn’t easy. I just didn’t complain a ton,” Hunt said.

Not much had changed since Hunt did the job nearly a decade earlier. Departments still leaned on auctions and word of mouth, and new trucks had only gotten harder to come by. Instead, Hunt said new truck can cost millions of dollars and take years to arrive.

The call got Hunt and Sengul, whom he met through a mutual friend at Columbia University, thinking about whether those sales could move online. Sengul had worked as a software engineer at Twitter (now X) and later at the AI note-taking startup Mem, while Hunt knew firsthand what the departments they hoped to serve were up against. 

So they quit their jobs with no funding and no product, living off their savings as they built Garage. After joining Y Combinator’s winter 2024 batch, they moved to San Francisco and launched the marketplace early that year. 

Amazon, not Craigslist 

Garage doesn’t own the trucks, and there’s no lot full of fire engines waiting for buyers. Vehicles stay with their sellers until someone buys them, then go straight to their new home, which is often a long drive away. More than 90% of transactions cross state lines, Hunt said, and the average piece of equipment travels 1,400 miles.

Moving an 80,000-pound truck across the country takes more than a “buy now” button. Garage uses AI tools that appraise equipment and coordinate freight, and buyers anywhere in the lower 48 states can punch in a ZIP code for an instant delivery quote. The company also offers financing and optional warranties. 

Hunt compares it to adding a T-shirt to your Amazon cart: buyers know the price, the shipping cost, and when it will show up. The goal, he said, is “an experience that feels a lot more like an Amazon than a Craigslist,” even when the item in the cart weighs tens of thousands of pounds and costs hundreds of thousands of dollars. 

Still, a fire truck isn’t a T-shirt. Buyers can trade inspection reports with sellers and book video walkarounds, but buying anything used carries risk. “At the end of the day, they’re buying a used trash truck or a used fire truck, and so things do go wrong,” Hunt said.

Garage says it serves more than 1,000 communities across all 50 states and Canada. Hunt said equipment sales through the platform top $100 million on an annualized basis. The company makes money by charging sellers a 10% success fee on buy-now purchases and buyers a 10% premium at auction. Garage did not disclose its revenue.

What towns get back

For sellers, a bigger pool of buyers can mean real money. South Charleston, West Virginia, budgeted a few hundred thousand dollars from surplus sales in 2025 and instead brought in $1.2 million through Garage, Hunt said. The windfall helped pay for replacement equipment and firefighter cancer screenings.

“An extra million dollars has a real impact on a community,” Hunt said in a statement to Fortune. “Those funds can be reinvested in schools, roads, and local employees without increasing the burden on taxpayers.”

Burlington, Vermont, had previously sold surplus fire equipment through local auctions, often with little to show for it, Fire Chief Michael LaChance said in a testimonial on Garage’s website.

“Basically, we’d take what we could get, which wasn’t much,” he said.

After using Garage, LaChance said, “We got about five times more for our equipment selling with Garage than we did on our own.” According to the company, the proceeds will help replace the department’s command vehicle.

The new funding will go toward hiring and expanding into public works and sanitation. Fire trucks, it turns out, aren’t the only rigs looking for a second life; private sanitation companies are already Garage’s fastest-growing customer segment, Hunt said.

Even in fire, where Garage calls itself the largest source of used trucks in the country, Hunt estimates the company works with about 1% of the market.

 “Even in our largest categories, we have a long way to go,” Hunt said.

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

Financial firms looking to accelerate money transfers with crypto have no shortage of options when it comes to blockchains, including Ethereum, Solana and Avalanche. That hasn’t deterred a startup called Alta from trying to lure banks and big companies with a blockchain of its own. The chain seeks to stand out with its plug-and-play compliance layer that lets customers ensure that any transactions they process are consistent with rules and regulations anywhere in the world.

On Tuesday, Alta announced it has raised a $47.5 million a Series A round at an undisclosed valuation. The new round, which was led by Index Ventures, comes after the startup raised $32.5 million in seed funding backed primarily by the Australian fintech giant Airwallex, which is taking on Stripe and others in the global payments space.

The CEO of Alta is Loong Wang, who founded an earlier crypto startup that he sold in 2021, and then pivoted to a second startup that employs quantum computing to aid in drug discovery. Wang returned to crypto technology to found Alta, which recently rebranded from its original name of Metal, alongside former Meta executive Catherine Porter, who helped oversee the company’s since-abandoned crypto venture.

In an interview with Fortune, Wang explained that, even at a time when there are a multitude of so-called Layer 1 blockchains, he chose to build another because he believes blockchain is the best technology for transferring money. He added that none of the existing options offer a set of privacy and compliance tools designed for banks and other large financial players.

“We often say we wouldn’t have built an L-1 if we didn’t have to,” said Wang, noting that Alta’s features include one that prevents random people from sending funds to those with an address on the blockchain. (Most blockchains allow for so-called “airdrops” that oblige wallet holders to accept funds whether they want to or not).

Alta, which has 25 employees and offices in San Francisco and Melbourne, is also notable for its close ties to Airwallex. Those ties include a personal connection between Wang and Airwallex CEO Jack Zhang, who was a crypto skeptic, but recently acknowledged the inherent value of stablecoins when it comes to cheap and efficient money transfers.

Airwallex is also serving as a massive distribution channel for Alta, persuading its global network of customers to use the startup’s platform for crypto transactions. This comes at a time when Airwallex’s main rivals, including Stripe and its Tempo blockchain, are likewise building out crypto infrastructure.

“With the rise of agentic banking and programmable payments, stablecoins are becoming an important vector for settlement,” said Zhang in a statement announcing Alta’s latest funding round.

Also participating in the Series A funding round were GV (Google Ventures), Blackbird Ventures, Square Peg and Capital49, a venture firm established by Airwallex’s cofounders.

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

The fiscal year of 2027 is not off to a great start for the U.S. Treasury’s pocket book.

The Congressional Budget Office (CBO) just released its October budget report, the first month of the 2027 fiscal calendar year.

The strictly nonpartisan CBO reported that in October 2026, it estimated the federal government incurred a deficit of $409 billion—more than $100 billion a week. This is $125 billion more than the shortfall recorded last October. 

Revenues were $36 billion lower, and outlays were $89 billion higher than the same month last year, according to the CBO. The report suggested October’s federal deficit was that much higher due to shifts in the timing of certain federal payments that otherwise would have been made on November 1 (that date fell on a weekend in 2025 and 2026, therefore pushing those payments into October of each year).

This comes after a summer of debt reshuffling in the U.S. Treasury, with fiscal hawks questioning whether Treasury Secretary Scott Bessent was moving deckchairs on the Titanic, rather than meaningfully improving the macroeconomic picture.

Bessent described this summer’s actions as a “Treasury twist,” a reference to policymaker action in which longer-dated Treasuries are bought and paid for by issuing shorter-term debt. The strategy has not been confirmed verbatim by the Treasury, but Bessent himself has indicated the scheme worked by buying back more expensive, long-term debt (in which yields, and hence interest, are higher) in lieu of cheaper, short-term debt.

The move did not impress markets. JPMorgan’s co-head of global fundamental research, James Sullivan, described it as “paying your mortgage with your credit card. It can work for a while, but eventually the mismatch starts to become more obvious.”

Context has since achieved the desired effect: A range of factors (including tough Fed talk on inflation and the recent AI rout) have brought down longer-dated yields and smoothed volatility.

The fiscal path

While this has made government borrowing relatively cheaper in the long term (interest rates are tied to long-dated Treasury yields), it will do little to reassure debt hawks the U.S. fiscal trajectory is on a sustainable path.

In its budget review, the CBO showed that for the fiscal year of 2026, the deficit was at 6.2% of the nation’s GDP, up from 5.8% a year prior. This percentage is greater than the 50-year average of 3.8%, and has only previously been matched or exceeded eight times since 1946: from 2009 through 2012 and in 2020, 2021, 2023, and 2024.

The total deficit for the year was $1.9 trillion, the CBO added, with $1.14 trillion spent on interest on the public debt.

Government income was up for the year to $5.4 trillion, up $169 billion in the 2025 fiscal year, thanks, in large part, to increases in collections of individual income and payroll taxes. But, on the contrary, total outlays increased by $217 billion—most of which came from an uptick in Social Security, Medicare, and Medicaid.

This story was originally featured on Fortune.com

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

This post was originally published here. 

ArchiveMay2024StateDepartmentbuildingentranceinWashington,nottheParispressremarks.

URL has been copied successfully!

Linda D. Epstein / U.S. Department of State

PARIS – Secretary of State Marco Rubio said Tuesday that U.S. sanctions and a blockade were putting enough pressure on Iran that President Donald Trump did not currently need to launch major combat operations, while warning that the military remained ready if Tehran crossed unspecified red lines.

Speaking to reporters after G7 discussions in Paris, Rubio described the economic campaign as effective and said the pressure would increase. His remarks were a statement of the administration’s assessment, not an announcement of an agreement or a permanent decision to rule out force.

In the public recording of the press remarks, Rubio said the president had concluded that “for the time being there’s no need for major combat operations” because, in his assessment, economic pressure was achieving the objective.

He immediately qualified that position. If the Iranian regime crossed certain red lines, he said, the U.S. military stood ready to respond. He declined to specify the actions that would trigger that response.

Asked whether the approach meant maintaining the status quo, Rubio rejected that description. “The economic pressure is going to get even worse,” he said, arguing that sanctions would become more painful over time and that U.S. officials were closing routes used to evade them.

Rubio attributed what he called severe damage to Iran’s economy to both the blockade and sanctions. Those were his claims about the campaign’s effect. His comments did not independently establish the scale of Iran’s economic losses, oil revenue or shipping disruption.

On negotiations, Rubio said the United States was open if there was a “real deal” to be done, but characterized Iran’s current conditions as “absurd.” He said Qatar and other countries were acting as intermediaries. Those comments did not announce an agreement.

Asked whether Israel shared the U.S. position, Rubio said: “I’m not going to speak for the Israeli government. I’m telling you what the American position is.”

The secretary also discussed the Ukraine talks in Abu Dhabi. He called them “very productive” but cautioned against expecting a rapid settlement: “It’s not like something that’s on the verge of being solved in the next 24 hours or anything like that.”

Rubio said European partners had been working closely with the U.S. team and were alongside it in Abu Dhabi. He distinguished that cooperation from direct participation in the formal trilateral format involving the United States, Ukraine and Russia.

“It’s actually our goal at some point to expand this trilateral,” he said, so that European representatives would be directly at the table. He presented that as an objective for the talks, not a completed expansion of the negotiating format.

The comments follow the joint Abu Dhabi statement previously reported by JBizNews. Rubio said substantial work remained and did not announce a finished Ukraine agreement.

What it means: Rubio described a current preference for economic pressure on Iran while retaining a military option, and a push for a broader European role in Ukraine diplomacy. Neither part of his remarks amounted to a declaration that a conflict was over or a deal had been completed.

JBizNews Desk | Global Affairs

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

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

URL has been copied successfully!

Deal allows up to 65% ground-up infill construction loans and brings total securitization volume to $723M

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

This post was originally published on here. 

URL has been copied successfully!

Adobe and Google are announcing an AI-focused strategic partnership on Tuesday that will deepen the integration of the two companies’ products.

The two companies plan to bring Adobe tools into more Google apps, and also incorporate Google Deep Mind’s AI models into more Adobe apps. For example, Acrobat will be available in Google Drive and Gmail, while Google’s latest imaging tools will be in Photoshop, Premiere and Firefly. The announcement comes as part of Adobe MAX, the world’s largest creativity conference that began Tuesday in Miami Beach.

Ely Greenfield, chief technology officer for creativity business at Adobe, told FOX Business that a major theme for the company in the past few years has been “pushing the bounds of how we can use AI to accelerate that and to make people even more capable and more powerful through the use of creative AI.”

“It used to be that you had to bring that into a desktop tool like Photoshop to really be able to get access to those capabilities. Now we can deliver that to them whether they’re doing that through a web app, through our desktop flagship tools, or through any of these new AI portals like Gemini where customers are really coming to start and do more and more of their work,” he said.

GOOGLE PARTNERS WITH VETERANS GROUPS TO HELP 25,000 ENTER SKILLED TRADES CAREERS AMID WORKER SHORTAGE

Greenfield said the partnership is leveraging the expertise at the two companies to “shape the technology to make it accessible to people for creation, whether that’s for content creation or consuming or modifying a PDF.”

“We get to pair that together with Google’s deep expertise in AI, really pushing the bounds with DeepMind and what they’re doing in bringing those capabilities to the bleeding edge, and also, obviously, their world-class capability to reach a mass of users around the world,” he added.

Matt Renner, president and chief revenue officer for Google Cloud, told FOX Business that he often hears from CEOs and other corporate leaders that they want Google to bring value to the user to help make things less complex and allow them to be more productive.

GOOGLE LAUNCHES GLOBAL STUDY OF MILLIONS OF AI CHATS TO UNDERSTAND HOW PEOPLE USE ARTIFICIAL INTELLIGENCE

The partnership has already seen the integration of some of the two companies’ tools, such as the launch of Adobe connectors in Gemini and Gemini Enterprise. Acrobat will also be available as a suggested app in Google Workspace – including popular platforms like Google Drive and Gmail.

HOW DEMOCRATS’ MIDTERM GAINS COULD RESHAPE THE POLITICAL LANDSCAPE FOR AI

The companies plan to integrate Google’s AI models into models powering AI capabilities in Acrobat to allow users to edit PDFs conversationally, get summaries of information in documents and create assets faster. Google’s frontier models for image and video will be available in Adobe Photoshop, Firefly Express and Premiere.

Adobe and Google DeepMind are also planning to explore new editing capabilities for creative professionals, with the companies explaining they plan to explore customization of a Google image model for Photoshop that could enable near-real-time edits through the use of prompts to edit images and choose among variants.

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

This post was originally published here

ArchiveApril2007southviewoftheKnessetinJerusalem,nottheTuesdayinterview.

URL has been copied successfully!

Beny Shlevich / Wikimedia Commons / CC BY-SA 3.0

JERUSALEM – United Torah Judaism leader Yaakov Asher said his faction will not join any government without advance commitments on the draft status of yeshiva and kollel students, the independence of Haredi education and the religion-state status quo.

In an interview published Tuesday, Asher presented the three demands as conditions for coalition participation, not an announcement that his faction had accepted a deal or chosen a partner.

“Without these conditions we will not be partners with anyone. Period,” he said, according to the interview write-up by Yishai Cohen. The quotation is translated from Hebrew.

The first demand concerns an arrangement for the military draft status of yeshiva students and men studying in kollels. Asher said the issue must be settled before a partnership can proceed. The published interview did not specify the legal terms of such an arrangement.

The second concerns the independence of Haredi education. Asher opposed making school funding conditional on accepting an imposed curriculum or outside intervention in what schools teach.

The third is preservation of the status quo on religion and state. Asher said he saw this as a responsibility concerning the character of the country as a whole, rather than only Haredi neighborhoods or cities.

Asked about reported discussions with the change bloc and the prospects of understandings becoming an agreement, Asher declined to predict an outcome. “Be patient, I don’t like gambling,” he said in remarks translated from Hebrew.

His comments did not announce that UTJ had joined a coalition, abandoned an existing political alignment or secured draft exemptions. They set out what he said any prospective coalition partner would need to commit to in advance.

The interview follows JBizNews coverage on November 6 of Avigdor Liberman’s willingness to compromise on the Haredi draft issue and Asher’s response welcoming flexibility. Tuesday’s remarks add explicit conditions; they do not establish that those conditions have been met.

What it means: Asher is defining UTJ’s negotiating requirements around Torah study, educational independence and religion-state arrangements. Whether any bloc will accept them, and what a legal draft arrangement would contain, remain unresolved in the published interview.

JBizNews Desk | Israel & Global Affairs

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
ArchiveJanuary2017U.S.Capitolatdusk,illustratingCongressionaloversight,nottheTuesdayinterview.

URL has been copied successfully!

Jesse Collins / Wikimedia Commons / CC BY 3.0

WASHINGTON – Rep. John Moolenaar said Tuesday that Congress needs answers about whether privileged information was shared, whether Nvidia’s lobbying was influenced and whether China received preferential access to the company’s limited supply of advanced chips.

The Michigan Republican, who chairs the House Select Committee on China, framed those points as questions about Nvidia CEO Jensen Huang, not established findings. In a Tuesday television interview, he also urged transparency and said an internal investigation must be more than reputation management.

“If it becomes less of an investigation, more of damage control, that’s not going to work because people have to have confidence,” Moolenaar said.

His first question concerned the extent to which privileged information might have been shared with a person he described as a Chinese spy. His remarks did not establish that any information had been transferred.

He then asked about possible influence over Huang’s advocacy on chip sales to China. Moolenaar criticized Nvidia’s lobbying against legislation that would prohibit advanced chip sales to China and its argument for selling chips to keep China dependent on U.S. technology. Those were the lawmaker’s characterizations and concerns.

His third question was about allocation. Given Nvidia’s limited chip supply, he asked whether China had received some preference and what that might have meant for American companies trying to obtain chips.

The distinction between questions and evidence is important. Moolenaar did not present findings that Huang had shared privileged information, that chip policy had been improperly influenced or that Nvidia had favored China. His comments described what he wants examined.

Asked about discussions between the administration and Huang, Moolenaar said he did not have access to information about those discussions. The interview therefore did not establish what administration officials knew or when.

When asked about possible lines of inquiry involving Nvidia and government agencies, he said Congress has oversight and “those kinds of questions will be asked.” He called for getting to the bottom of the matter, rather than announcing a conclusion about interference or a cover-up.

Moolenaar also said Nvidia’s board has a responsibility to protect shareholders’ interests and that he hoped Huang would come forward transparently. He did not demand Huang’s firing in the interview.

The comments follow the earlier request by House committee chairs for a briefing from Huang. Tuesday’s interview did not establish that the requested closed-door briefing had taken place.

What it means: The interview sets out the questions the committee chairman wants answered about sensitive information, lobbying and chip allocation. It does not answer those questions or establish wrongdoing by Huang or Nvidia.

JBizNews Desk | Technology & Business

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

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

URL has been copied successfully!

Many high-performing women build careers by becoming trusted experts, exceptional operators and reliable problem-solvers. Those strengths are critical, but advancing to more senior leadership roles requires a shift: expanding your focus from leading a function to helping lead the entire enterprise.

One of the most effective ways to prepare women for executive and board-level leadership is to give them enterprise-level experiences before they’ve been promoted into senior leadership roles. At Thrivent, we talk about the importance of “wearing your enterprise hat.” The idea captures a leadership transition that matters more and more as leaders advance. Success requires understanding how decisions affect the broader organization and having the perspective to act accordingly.

That shift from “my team” to “the business” is one of the most important transitions a leader can make. And enterprise thinking can be developed with practice.

1. Step back from being the expert in the room

Successful functional leaders are often exceptional operators. They solve problems quickly, make sound decisions and consistently deliver results.

The challenge is that the behaviors that drive early-career success can become limiting at more senior levels. Leaders who remain at the center of the work may increase speed in the short term, but over time, that approach can restrict the capacity, decision-making and growth of others.

Wearing your enterprise hat starts with creating enough distance from the work to ask bigger questions:

  • What decision best advances the business?
  • Who else needs to be involved?
  • What capabilities do we need to strengthen for the future?

Success is no longer measured only by what you personally accomplish. It is measured by the results you enable through others.

2. Build business acumen beyond your discipline

Enterprise thinking begins with curiosity.

Leaders who successfully make the leap to higher levels invest time in understanding the business beyond their area of expertise. They learn how decisions affect customers, financial performance, talent, risk, operations and long-term strategy.

That broader perspective helps leaders see connections that are not always visible from within a single function, division or department. It also allows them to contribute meaningfully to conversations that extend beyond their day-to-day responsibilities.

The most effective executives are not experts in everything. But they understand enough about the whole company to make informed decisions that advance shared goals—and they are humble enough to trust others’ expertise.

3. Make trade-offs for the greater good

Enterprise thinking becomes most visible when resources are limited. Every leader can advocate for their team. The harder challenge is recognizing when the organization’s strategic direction requires prioritization, reallocation or a different course of action.

That may mean supporting a decision that benefits the broader organization, investing in a capability outside your area because it creates greater value overall, or saying “no” or “not now” to an initiative even when that decision creates short-term challenges for your own team.

These choices require leaders to look beyond functional optimization and focus on enterprise impact.

4. Give future leaders enterprise experiences

We cannot expect emerging leaders to demonstrate enterprise thinking if they’ve never had the opportunity to practice it.

One of senior leaders’ most essential responsibilities is creating experiences that expand perspectives. Cross-functional projects, enterprise-wide initiatives, strategic planning efforts and exposure to senior decision-making help future leaders understand how organizations operate beyond their immediate area of responsibility.

These opportunities are especially important for women who are preparing for executive and board-level roles. Experience builds credibility. It also builds the judgment and confidence required to lead through complexity.

Developing enterprise thinking in future leaders

Preparing the next generation of women leaders goes beyond identifying high-potential talent. It requires giving talented leaders opportunities to think, contribute and lead beyond the boundaries of their current roles.

By the time someone is being considered for the C-suite, enterprise thinking should already be how they operate. That leadership shift prepares executives not only to reach senior leadership but also to succeed once they get there.

The future belongs to leaders who can connect the dots across the enterprise, elevate those around them and make decisions that advance the whole organization. As businesses continually evolve, wearing your enterprise hat is more than an executive skill—it is a leadership imperative.

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

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

Google Cloud says its newest AI product can help with one of Americans’ biggest complaints: the cost and redundancies of health care.

On Tuesday, the company launched Gemini for Healthcare, an AI product that connects to the records, billing and insurance systems that hospitals and insurers already use—and is able to act between those systems. Launch customers include Northwell Health, Highmark Health, HCA Healthcare, Optum, Blue Cross Blue Shield of Massachusetts, Hartford HealthCare and Stanford School of Medicine.

The new healthcare AI can pull a patient’s records from Epic and other systems into one single summary, flag gaps or conflicts between records, prepare and review prior authorizations, check what a patient’s insurance covers, estimate what they’ll owe, and search medical guidelines from groups like ASCO and the BMJ.

This comes as health costs keep climbing. Workers with employer coverage now pay $7,471 a year on average toward family premiums, up 9% from 2025, according to KFF’s annual employer survey released in October. When including what employers contribute, total family premiums rose 5% to $28,303, outpacing a 3.7% rise in wages and 2.7% inflation.

For the head of New York’s largest health system, part of that bill comes from records that don’t talk to each other.

“All the fragmentation of information in healthcare is what has led to, in my mind, some of the costs that have gotten away from us, and also overutilization,” John D’Angelo, who took over as CEO of Northwell in October 2025, told Fortune.

An emergency physician by training, he said he saw it in the ER. “I would treat people de novo, and the information is out there somewhere,” he said. “So I’m either playing detective or I just have to assume.” That could mean ordering a CT scan, he said, not knowing if they’ve had it four times already for the same condition.

Google

Bringing bedside manners back to the bedside

When you walk into a doctor’s office, you inevitably are given a clipboard with papers you’re all but certain you’ve completed through the portal online. Then when you finally are whisked away to the doctor’s office, you’re asked the same questions you’re fairly certain were asked in the papers lining that very clipboard.

That constant asking and re-asking of questions leaves a poor taste in patients’ mouths, and that’s all before they were told to go “aaah.” Gemini for Healthcare is solving for that: it cites the source for each finding so clinicians can check it. For now, it can read patient records but not change them, so a doctor or nurse still makes any updates and decisions. In essence, it cuts down on the paperwork a doctor has to complete when they see a patient, bringing back that face-to-face consultation rather than letting paperwork pull doctors away from patients.

“Right now, for every 10 minutes a doctor spends with a patient, they’re 20 minutes on the computer documenting, capturing stuff, looking up the old data, tracking things down,” D’Angelo said.

Much of that time goes to insurers. Prior authorizations, the approvals insurers require before some treatments, are among the biggest burdens. Each physician completes about 40 prior authorizations a week, which takes around 13 hours of physician and staff time weekly, and 40% of practices have staff whose sole job is handling these requirements, according to the American Medical Association. The American Hospital Association estimates administrative costs make up 25% to 35% of U.S. health spending.

At Northwell, the fight with insurers takes a whole department. “I have like 400 employees whose sole job is fighting the insurance denials, and we overturn over 90% of them, but that’s a big labor cost,” D’Angelo said.

Karen Hanlon, president of Highmark Health, which owns both an insurer and the Allegheny Health Network hospitals, said doctors made clear what bothered them most. When Highmark asked its clinicians a few years ago what to fix after prior authorization, she said, “universally they said nothing else. Just keep focusing on prior authorization.”

Aashima Gupta, Google Cloud’s global director of healthcare strategy, said nurses and doctors now spend much of their day moving information between systems. “Humans are acting as an integration layer today,” she told Fortune. “They didn’t get into the profession to be glorified data-entry clerks. They want to be able to take care of the patients.”

Google

AI is making things personal

Gemini for Healthcare launches with five ready-made “skills” — preset instructions for tasks like summarizing medical records, preparing for appointments and checking a patient’s insurance benefits — plus connectors to Epic, federal Medicare coverage data and medical guidelines from the American Society of Clinical Oncology and the BMJ.

In a demo with Fortune, Will Rosenfeld, Google Cloud’s healthcare data and AI lead, asked the system what was new in an outside specialist’s report that wasn’t in a patient’s Epic chart. In 35 seconds, it pulled the patient’s conditions, medications, allergies and labs, compared them with the outside report and flagged new lab results and an allergy the chart had missed, with each finding linked to its source. A clinician then decides whether to update the chart, since the system can read Epic records but not change them.

“A lot of the power of the product is just like simply one plus one equals three,” Rosenfeld told Fortune, describing how it puts a patient’s record next to coverage rules or medical research.

The same tool can answer cost questions during a visit. Gupta described a nurse asking whether a Medicare patient’s coverage pays for a skilled nursing facility, and what the copay would be, without making calls to find out. Rosenfeld said customers are especially interested in cost estimates. “It’s just something that’s really difficult for patients, to not know what their costs are going to look like,” he said.

Highmark already uses automation to cut waits. It says 78% of approved outpatient prior authorizations submitted digitally now go through automatically, so a patient can sometimes get approval before leaving the office. “They don’t have to take another day off work,” Hanlon told Fortune. She said a clinician reviews every case before Highmark issues a denial.

Potential savings?

D’Angelo called automating the denial fights “part of driving the affordability conversation the right way,” and said Northwell runs on “a 1% margin business at best.” Money saved on paperwork, he said, could go to community health workers who keep patients out of the hospital.

He said faster records and notes could also shorten wait times without overworking doctors, letting offices “squeeze two more patients a day” in practices with long waits. “Not because I made them stay open later or I told the doctor, ‘Suck it up, miss lunch,’ but because they’re able to be more efficient,” he said.

“It shouldn’t replace the doctor or the nurse, but it should give the doctor or the nurse back to the patient,” he said.

Both D’Angelo and Hanlon said the potential savings come from catching illnesses earlier, with Gemini acting as a pseudo-preventative care measure, while also allowing people to gain trust within their medical professionals.

D’Angelo, for example, described a system that notices a former smoker turning 50, confirms insurance has approved lung cancer screening, and offers nearby appointments, all without having a human pour through the records in the first place.

“That’s how you also address affordability over the long term, as we get much further upstream on wellness and driving down chronic disease,” he said.

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

Memories.ai is paying people to show robots how to do their jobs. The San Francisco startup supplies first-person video data for robot training, with cameras capturing the hands-on details of preparing food, stocking shelves and repairing equipment.

The company is launching Memories Upload, a global gig-work platform where contributors take paid video-recording tasks to help train robots. Its wearable LUCI Pin camera, developed by Memories.ai, weighs under 45 grams and attaches magnetically to mounts worn on a person’s head, chest or wrist. It captures POV video of the contributors doing various tasks. Two cameras can be paired for stereo capture, providing views that help estimate depth. 

Memories.ai says its network recorded more than 1 million hours of first-person video in the platform’s first month in beta and that it aims to collect more than 10 million hours by March 2027. The company was founded by former Meta researchers Shawn Shen and Ben Zhou. The company announced an $8 million seed round in July 2025 led by Susa Ventures, with investors including Samsung Next.

Humanoid robotics startup Figure and Physical Intelligence, a startup that builds AI software “brains” that can control a variety of different types of robots and embodied AI devices, are both exploring how robots can learn from POV video footage. Figure’s Index platform pays people to record everyday tasks for its Helix AI models. Physical Intelligence has tested combining human video with teleoperation data, which is recorded as people control robots remotely, demonstrating how to complete tasks or handle unfamiliar objects and environments. Physical Intelligence co-founder Sergey Levine wrote in a blog post that human video and other supplementary data could provide “a source of knowledge about what can happen in the real world,” complementing data collected by robots themselves. 

For a robot learning to make coffee, those recordings could show how someone grips a cup, positions it beneath a grinder and moves it without spilling. Footage from different kitchens, tools and ways of working can expose models to a wider variety of tasks and environments. Developers still work out how to translate those observed movements into actions suited to the robot’s own body.

“Recognizing an activity is different from understanding exactly how a hand grips a tool, moves an object or completes a step, especially when the camera is moving and objects are partly hidden,” Rick Zhuang, director of product and engineering for Cosmos at Nvidia, which works with Memories.ai, told Fortune.

Finding those details in a growing collection of footage is part of the problem Memories.ai is trying to solve. The company uses Nvidia’s Metropolis Video Search and Summarization tools to optimize video streaming and processing. Its video-captioning model is fine-tuned from Cosmos, Nvidia’s family of models for understanding the physical world, and it also uses Cosmos-based models to label actions. The company further trains Cosmos on curated video for customers’ specific tasks, a process known as post-training.

The resulting descriptions are tied to specific moments, letting developers search for an action and retrieve relevant examples without watching hours of recordings. “What stands out is the focus on making everyday human experience searchable and useful for robot learning,” Zhuang said of Memories.ai.

The company says its customers include three of the top five frontier AI labs, alongside robotics developers buying its first-person training data, although the company declined to name these customers citing non-disclosure agreements. Co-founder and CEO Shawn Shen told Fortune that customers increasingly want footage covering a wider range of work environments, tasks and camera angles. Two people making coffee in different kitchens can supply useful variation, he said, even when they are completing the same task. Developers also request wrist-level footage to see interactions that a camera on someone’s head might miss, such as exactly when a hand touches an object.

Adam Scraba, Nvidia’s head of physical AI ecosystem for vision agents, told Fortune that the wide variety of specialized tasks in heavy industry, coupled with the need for highly accurate models, presents one of the field’s hardest challenges.

“The training dataset for Vision AI and video analysis becomes critically important for basically all Physical AI solutions. Developers need to find the right corner-case examples, trust their labels and trace each annotation to the moment it describes,” he said.

Producing labels developers can trust is particularly difficult when hands make subtle movements, objects are partly hidden or the boundary between two actions is unclear, Zhuang said. Those cases make human review and evaluation essential. Human video is most useful alongside robot demonstrations and simulation, he added, helping developers connect observations of human work to actions a robot can perform.

Paying human contractors to provide video in this way can raise privacy concerns. Recordings can potentially capture coworkers, passersby and sensitive information. Memories.ai said camera wearers and coworkers who regularly appear must sign consent forms before recording. Before footage leaves the country where it was captured or reaches customers, the company’s teams use automated tools to obscure other people in the frame and mask identifying details such as badges, screens and license plates. It also manually reviews a sample of frames from each batch to check that these sensitive details have been blurred or obscured.

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

Alterra Labs, a New York startup building simulated medical environments to test and train AI models, is announcing a $12.5 million seed round led by Oak HC/FT, with participation from Flare Capital Partners and Company Ventures.

The company evaluates models on medical tasks to identify where they fail, then turns those failures into training exercises. Doctors and scientists help design the tasks and judge the models’ decisions, providing feedback developers can use to improve their systems.

In a simulated patient case, a model might be asked to decide which tests to order, with clinicians assessing whether its choices are medically appropriate.

Akash Kapoor, Alterra’s founder and CEO, told Fortune that today’s models can learn to operate the software while still struggling with the clinical judgment behind each action. “The models don’t know when not to do something for a patient, and how to deal with uncertainty,”  he said. 

Stanford researchers found similar difficulties in PhysicianBench and HealthAdminBench, two benchmarks testing AI agents on clinical and administrative work. In each, the best-performing agent completed fewer than half of the tasks. Some agents described the correct action in a clinical note but never carried it out in the electronic health record. Others lost information as they moved between software systems.

Alterra turns clinicians’ assessments into scoring criteria and rewards used in reinforcement learning, which encourages models to repeat stronger decisions and avoid behaviors experts have flagged as unsafe. The company also builds environments for tasks involving medical imaging, clinical trials and telehealth.

Vig Chandramouli, the Oak HC/FT partner who led the investment, said Oak saw a pattern across the healthcare AI companies it has backed—adapting models for medical work took more than data. They also needed realistic environments and clinical judgment. AI labs are going through a similar shift, he said: “All of the money that went into ‘I need data’ is now evolving into ‘I need to understand how to successfully do work.’”

He sees an opportunity in building realistic simulations of the software clinicians and administrators use, such as electronic health records, insurer portals and billing systems, where AI models can practice real work. Frontier labs have yet to build deeply into those environments, he said. Creating realistic tasks within them requires people who understand both clinical work and model behavior.

“You can’t build this stuff without clinicians,” Chandramouli said. “And more specifically, clinicians who actually understand how AI works.”

Kapoor fits that profile. He studied machine learning before turning to medicine, pursued healthcare-focused machine learning research at the National Institutes of Health and completed three years at Columbia Medical School. Chandramouli said that “clinical backbone is essential” to making AI perform better in healthcare.

From healthcare applications to model training

Kapoor started the company in 2025 while attending Columbia Medical School. Initially called ChartR, it worked with healthcare providers to study how frontier models behaved in clinical settings.

The models often appeared capable at first, Kapoor said. Their weaknesses became clearer when they had to follow a patient over time, consider large amounts of information or make a series of decisions. They also struggled to recognize when they lacked enough information to act safely. Those observations pushed the company toward working directly with model developers. Kapoor left medical school in his final year to work on Alterra full time.

Kapoor’s interest in healthcare safety began with his own experience as a patient. As a junior at UCLA, he said, he discovered a two-year-old X-ray report in his patient portal warning of a potentially cancerous tumor in his leg and recommending an immediate oncology referral. No one had told him about it. He was diagnosed with osteosarcoma, a rare bone cancer, and underwent surgery. 

His work at Alterra now focuses on the judgments AI models struggle to make when patients do not fit textbook descriptions. Kapoor expects that work to require repeated testing and training as models gain capabilities and medical knowledge changes.

“It has a lot of knowledge,” he said. “It lacks a lot of judgment.”

Alterra says it works with several frontier labs, hospitals, medical societies and applied AI companies. According to Kapoor, frontier AI labs are its fastest-growing customer group, and the company earns revenue from training environments and post-training services.

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

Good morning. As Lumen Technologies transforms from a legacy telecom company into an AI enterprise connectivity provider, it’s finding a new use for its old copper network: mining it.

“Copper is worth more to us mined than operated,” President and CFO Chris Stansbury said.  

Lumen plans to turn off copper-based services in Iowa, Florida, Nevada and Utah, about 25% of its copper network, by the end of next year. At current copper prices, Lumen expects $1 billion to $1.5 billion in pretax net proceeds from copper recovery over the next five years, Stansbury said.

The benefits extend beyond the metal. Decommissioning will also cut the operating and capital costs of maintaining aging infrastructure, simplify operations, and free up resources for higher-return investments, he said.

“We’re now at the point in our transformation with legacy where the cash generation from revenue is actually not as good as what will be cash generation from mining the copper that’s in the ground,” Stansbury told me. “This industry is sitting on one of the largest copper mines in the world.”

Lumen plans to work with regulators and meet its service obligations as it stops marketing new copper services.

The strategy is part of a broader effort to reinvent Lumen, No. 354 on the Fortune 500, as an enterprise connectivity provider for the AI era. Lumen pairs its large fiber network with Alkira’s software, which works with any carrier. That lets companies connect and manage their data from one place, whether it sits on Lumen’s network, another provider’s network, in the cloud, or in data centers.

The company recently announced three initiatives involving intelligent networking, AI energy challenges, quantum connectivity and emerging security threats.

There are signs of progress. Lumen reported third-quarter revenue of $2.72 billion, down 12.1% year over year, largely reflecting the sale of its consumer fiber business to AT&T. But adjusted EBITDA reached $715 million, and its adjusted loss of 14 cents per share was narrower than analysts expected.

More importantly, strategic revenue, higher-growth enterprise and fiber-based services, rose 10% to $1.28 billion, driven by AI demand and private connectivity deals. Lumen reaffirmed its full-year EBITDA and free cash flow guidance.

The challenge will be sustaining that growth while replacing the revenue and cash of its legacy business.

CEO Kate Johnson and Stansbury have worked on the transformation for about four years. Johnson envisioned making Lumen’s network easier for businesses to consume.

“What Kate came in, and saw was the ability to effectively cloudify the network, just like the hyperscalers had done with compute and storage,” Stansbury said.

The effort has also required a cultural shift and change management.

“I think the approach that you take in having those conversations and making those tough decisions is treating people with respect and empathy, and being transparent—telling them what you can, when you can,” he said. “I don’t want to say it makes those decisions easier, but I think it ultimately helps the organization transform from what was to what will be in a much better way.”

Sheryl Estrada
Sheryl.Estrada@fortune.com

This story was originally featured on Fortune.com

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

This post was originally published here. 

URL has been copied successfully!

Several suspected members of the Hariri crime organization were arrested in south Tel Aviv on Monday, on suspicion of attempting to extort a businessman, following an operation by the Israel Police’s Serious and International Crime Unit, part of Lahav 433 – The National Crime Unit.

The arrests took place in broad daylight on a busy street, where several men were seen lying face down along the sidewalk with their hands behind their backs, an unusual scene even for south Tel Aviv.

Police intercept suspects allegedly carrying knives

According to police suspicions, the suspects were on their way to confront a businessman while carrying knives. Before reaching their intended destination, they were intercepted and arrested by Lahav 433 investigators as part of an operation targeting the Hariri crime organization.

Footage circulated from the scene shows several suspects restrained on the ground before being taken into custody by masked police officers.

Illustration image of handcuffs on the hands of an arrested man, in Jerusalem, May 21, 2025. (credit: YOSSI ZAMIR/FLASH90)

In the videos, the men can be seen lying along the sidewalk, some dressed in black and others wearing lighter clothing, with their hands positioned behind their backs.

Businesses, parked vehicles and scooters are visible nearby, as what began as an ordinary day on a busy south Tel Aviv street turned into a police operation targeting one of Israel’s prominent organized crime groups.

Hariri crime family among Israel’s major criminal organizations

The Hariri family is considered a major force in Israeli organized crime, particularly within the Arab community.

The organization, regarded as one of the country’s largest and most cohesive criminal networks, has once again become the focus of an investigation by Lahav 433’s Serious and International Crime Unit.

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

This post was originally published on here. 

URL has been copied successfully!

Maccabi Tel Aviv pulled off a stunning 86-75 comeback victory over Hapoel Tel Aviv to capture the Winner Cup and claim the first piece of silverware of the season.

Trailing by as many as 23 points, the yellow-and-blue flipped the script in spectacular fashion, riding monster second-half performances from Jimmy Clark, Daniel Theis and Keaton Wallace to stun the Reds.

Clark was the driving force behind the comeback, finishing with a game-high 24 points and earning MVP honors. Theis and Wallace added 16 points apiece, while Eugene German paced Hapoel with 26 points in a losing effort.

Maccabi got off to the better start, with Jaylen Hoard and Clark providing the early offense as Oded Katash’s squad took a 26-17 lead after the opening quarter. Hapoel responded in the second, however, as Khadeen Carrington found his range and German caught fire from beyond the arc, drilling five three-pointers in the period to send Dimitrios Itoudis’s team into halftime with a 44-36 advantage.

The Reds carried that momentum into the second half and appeared to have the game firmly in hand. German continued to score, Tai Odiase added points inside, and Hapoel’s defense completely shut down Maccabi, holding the yellow-and-blue scoreless for the first seven minutes of the third quarter. The lead ballooned to 59-36, leaving Maccabi staring at a seemingly insurmountable 23-point deficit.

VASILIJE MICIC (left) and Hapoel Tel Aviv players look to regroup after a difficult Euroleague week, as the Reds prepare for a pair of highly anticipated duels vs Maccabi Tel Aviv. (credit: Hapoel Tel Aviv/Courtesy)

But the game was far from over.

Theis, Wallace, Clark get Maccabi’s offense rolling

Theis, Wallace and Clark finally got Maccabi’s offense rolling, sparking a furious rally that cut the deficit to 62-51 heading into the fourth quarter. Wallace opened the final frame with a triple before Clark caught fire, knocking down back-to-back threes. Theis threw down a dunk, and Clark connected again from downtown as Maccabi stormed into a 65-64 lead midway through the quarter.

From there, the yellow-and-blue never looked back. Wallace and Clark continued to rain threes, Hoard chipped in with a pair of baskets, and Wallace delivered another long-range dagger to put the finishing touches on a remarkable comeback and another trophy for the Maccabi cabinet.

Following the victory, Katash admitted that his team had made life difficult for itself but was thrilled with the character shown in the comeback.

“We struggled with simple plays, just as we have throughout this recent stretch. Shots weren’t falling, and five minutes of losing focus brought them back into the game. It helps when you make shots in basketball, and things finally started to loosen up for us. We showed a lot of character. After a stretch like this, we’re happy for the club and the fans. We deserved this.”

Itoudis was understandably disappointed after watching his team surrender such a commanding advantage.

“We were up 23 points and played solid basketball, but something happened. We couldn’t get a bucket, we gave up 31 points off turnovers, and we couldn’t hit our free throws. It’s tough, but life isn’t easy, and we need to stand up, take the next game as redemption, and bring joy to those who support us.”

MVP Clark credited the team’s belief and determination for completing the turnaround.

“We believed in each other. We were disappointed to go into halftime trailing, but we’ve had a tough season and knew there would be ups and downs. So we just wanted to fight and give everything we had, especially in moments like these. I always have faith. I believe in the players alongside me, and they believe in me.”

Hapoel’s Carrington acknowledged the disappointment but insisted the Reds would quickly turn their attention to the next opportunity, with another showdown against Maccabi looming in the Euroleague on Thursday.

“That was a tough one. We played well in the first half, but then things went the wrong way in the second half. We threw the first punch, and then they threw the punch in the second half, and we didn’t recover. It’s a different game on Thursday in the Euroleague. It stings, and we will go out and try to win it.”

Hapoel Jerusalem remains unbeaten in league play with victory over HaEmek 

In Israeli League action, Hapoel Jerusalem defeated Hapoel HaEmek 65-59 to remain unbeaten in league play, improving to 5-0 under Sasa Obradovic.

Second-chance opportunities proved crucial in securing the home victory as the hosts struggled to find a consistent offensive rhythm. Kenny Lofton Jr. scored 13 points, and Jaleen Smith added 11, while CJ Elleby paced HaEmek with 15 points.

Despite the win, Obradovic was far from satisfied.

“I wasn’t happy at all, despite the win. This is the fourth consecutive league game in which we’ve played this poorly. We consider ourselves a good team, and we feel that we can win every game, but we can’t keep giving our opponents a head start. It won’t always work out this way.”

Meanwhile, Hapoel Galil Elyon defeated Hapoel Holon 110-101 in a heated contest, building a commanding advantage behind terrific shooting from Nate Kingz.

Holon’s Adama Sanogo was ejected late in the third quarter, leaving the Purples without their big man for the remainder of the game.

Kingz erupted for 37 points, while Alston Mason added 21 and Maurice Kemp scored 19 to lead Idan Avshalom’s squad. Netanel Artzi paced Holon with 19 points, Sanogo scored 16, and Shahar Amir added 14.

Following the game, Holon head coach Predrag Krunic was dismissed, while sports director Daniel Ravitz resigned.

Also, Ness Ziona cruised to a convincing 111-81 victory over Kiryat Ata for its third win of the campaign and first home victory of the season.

Paul Corsaro’s team took control from the opening minutes, building a commanding 65-38 halftime lead and eventually stretching the margin to 38 points. Josh Christopher scored 26 points, Jacob Wiley added 24, and Noam Dovrat chipped in with 17. David Green and Jordan Cohen each scored 14 for Kiryat Ata.

Elsewhere, Maccabi Rishon Lezion overwhelmed Maccabi Ramat Gan 97-61, racing out to a 30-16 first-quarter lead and never looking back.

Justin Tillman and Idan Zalmanson each scored 16 points and recorded double-digit rebounds, while Chaunce Jenkins added 13.

Finally, Hapoel Eilat edged Hapoel Beersheba 88-86 thanks to a late comeback sparked by Kendale McCullum, Javontae Hawkins and James Dickey, while Maccabi Ashdod clipped Bnei Herzliya 75-72 as Isaiah Hill and Augustin Rubit led the port city’s side to victory.

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

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

This post was originally published on here. 

URL has been copied successfully!

Everyone is entitled to their opinions, however absurd they may be. They can believe the Earth is flat or even suspect that Jews sank the Titanic (per the classic “Iceberg, Goldberg, what’s the difference?” joke).

The problem begins when unhinged notions make their way onto public television, where conspiracy theories acquire the appearance of legitimate political analysis. And that is precisely what happened in Spain.

On October 28, two high-speed trains collided near Urda, in the province of Toledo, killing, as of this writing, 69 people. As the country struggled to absorb the tragedy, families waited for news of their loved ones, and investigators began examining what had gone wrong, an old and convenient suspect emerged: Israel.

On RTVE, Spain’s publicly funded broadcaster, guest commentator José Miguel Villarroya suggested a possible Israeli connection to the disaster.

Villarroya, a historian and commentator known for his hostility toward Israel and nostalgia for the GDR (German Democratic Republic), alleged that a French company responsible for carrying out railway safety testing is linked to Israeli capital.

Cranes at the site of the collision the day after two high-speed trains crashed between the towns of Mora and Orgaz, near Toledo, Spain, October 29, 2026. (credit: REUTERS/Ana Beltran)

He also invoked supposed threats by Prime Minister Benjamin Netanyahu against Spain. The implication was unmistakable: Israel might somehow have been behind the catastrophe.

There was, of course, no evidence. But who needs evidence when the suspect is Israel?

El Televisero, a digital news site published by HuffPost Spain, maintained that presenter Jesús Cintora had stopped Villarroya in his tracks over his insinuations. And technically, Cintora did ask him whether this was a conspiracy theory, questioning why he was pointing toward Israel, and remarked on the seriousness of his claims.

But inviting a conspiracy theorist to elaborate on his theory is not the same as calling his accusation out as a completely unacceptable conspiracy theory. The crucial question is whether viewers received the information needed to understand that the accusation had no evidentiary basis.

This is not Villarroya’s first excursion into conspiratorial territory on RTVE.

Only days earlier, discussing unrest on European streets, Villarroya suggested in the same program that certain actors had an interest in the disturbances, adding that “Israel has shown its hand.”

Over a year ago, on another RTVE program, Malas lenguas, he offered a fantastical version of Zionist history. Among the gems from his television appearance, Villarroya claimed that Zionism originated in Bavaria as an offshoot of the German völkisch movement, effectively linking its origins to the ideological roots of Nazism.

He also declared that “Semites are a race, and today Palestinians are more Semitic than 90% of the Israelis living in Israel, who are of the Yiddish race.” He insisted he knows this because, as a German-speaker, he understands Yiddish, which “is like German,” he said.

Yet the bigger question is not why Villarroya believes such nonsense. The question is why a public broadcaster repeatedly provides a platform for such claims without subjecting them to elementary scrutiny.

What makes the episode about Israel’s alleged involvement in the train accident particularly interesting is that even media outlets hardly known for their sympathy toward Israel found the speculation difficult to swallow.

Prejudice has become part of the information landscape

Maldita.Es, a Spanish fact-checking organization, traced the circulation of the false claim about Netanyahu’s supposed threat across several languages and accounts associated with pro-Kremlin disinformation networks.

The irony is that RTVE’s own fact-checking department subsequently debunked the loony theories linking Israel to the Urda accident, including fabricated claims that Netanyahu had threatened Spain with railway disasters. In other words, while one part of RTVE explained why the accusations were false, another allowed a commentator to present the baseless insinuations to its audience.

This contradiction cannot be separated from RTVE’s broader treatment of Israel.

As media watchdog CAMERA documented, the Spanish public broadcaster has repeatedly presented Israel through an overwhelmingly accusatory framework. RTVE reporting has included references to a supposed “Jewish lobby.”

The framing of its coverage of the third anniversary of the October 7 massacre was “Three years of genocide in Gaza.” The anniversary of the deadliest massacre of Jews since the Holocaust thus became another opportunity to foreground accusations against Israel.

The terminology is not incidental. The Spanish government has positioned the libelous genocide accusation as a central element of its political confrontation with Israel, and RTVE has repeatedly echoed that framing.

Spain, meanwhile, is experiencing serious domestic political difficulties. Prime Minister Pedro Sánchez has struggled to secure parliamentary support for new budgets and has called early elections for November 29. His confrontation with Israel has become a prominent feature of his government’s political identity.

Against that background, the attempt to link Israel to a domestic tragedy raises a broader question about the political usefulness of external scapegoats.

But perhaps the most revealing aspect of this episode is that the accusation was so grotesque that it provoked unusual criticism even beyond the expected defenders of Israel. Perhaps that anomaly should prompt Spanish audiences to ask themselves an uncomfortable question.

If an accusation as demonstrably baseless as Israeli involvement in a train collision can find its way onto public television, what about the countless other accusations against Israel that are less obviously absurd, more carefully packaged, and therefore far harder to recognize? How many have been accepted without scrutiny simply because they fit an established narrative?

When prejudice becomes part of the information landscape, the audience is predisposed to believe ludicrous allegations lacking evidence. The ensuing danger extends far beyond Israel or the Jews; it is a danger to journalism itself.

When speculation replaces evidence, ideological obsession masquerades as expertise, and public broadcasters fail to distinguish between legitimate criticism and conspiracy theories, the profession loses credibility. And with it, democracy loses one of its essential safeguards.

There is also something particularly indecent about exploiting a tragedy in which 69 people lost their lives to advance an obsession with Israel. Those victims deserve answers, accountability, and truth. They do not deserve to become props in someone else’s conspiracy theory.

The writer is the manager of CAMERA Español, the Spanish media team of the Committee for Accuracy in Middle East Reporting and Analysis. CAMERA is the leading organization exposing and countering anti-Israel narratives in the media, online, and in schools. Learn more at CAMERA.org and on social media at @CAMERA4Truth.

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

This post was originally published on here. 

URL has been copied successfully!

US Secretary of Defense Pete Hegseth said that the resolution to impeach him was politically motivated and displayed to the US’s enemies, including Iran, that the US will punish its “warriors” for lawful military actions on Tuesday. 

This comes the day after Republican Representative Thomas Massie introduced articles of impeachment against Hegseth, which lawmakers are expected to vote on later this week. 

Speaking on Tuesday, Hegseth compared the impeachment efforts to previous failed attempts to impeach President Donald Trump. 

US Secretary of Defense Pete Hegseth holds a press briefing at the Pentagon in Washington, DC, US, November 10, 2026. (credit: REUTERS/EVELYN HOCKSTEIN)

Hegseth says impeachment articles target all service members

Hegseth condemned Massie’s decision, saying that the impeachment efforts insulted all service members. 

“Make no mistake, this is not about me. Politicians in Washington have accused the sailors and the pilots who have struck narcoterrorists with war crimes for doing their jobs,” Hegseth said. 

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

This post was originally published on here. 

URL has been copied successfully!

Dutch anti-trust regulators are investigating allegations that Biogen may have abused its dominant position in the market for multiple sclerosis treatments and associated blood tests.

The Netherlands Authority for Consumers and Markets, also known by its Dutch acronym ACM, is probing whether the company reserved a test for patients who are treated with Tysabri, its MS drug, and refusing to make the test available to patients on rival medications, such as Tyruko, a biosimilar version that is sold by Sandoz.

Patients who are treated with Tysabri, Biogen’s biggest-selling medicine, must be regularly tested for the risk of developing progressive multifocal leukoencephalopathy, an infection caused by a virus that may be fatal or result in severe disability. Biogen developed a test for the virus and provides it free of charge — and exclusively — to patients receiving Tysabri.

Continue to STAT+ to read the full story…

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

This post was originally published here. 

Ringcompanylogo,officialpressasset,nottheDroneorRoverproduct.

URL has been copied successfully!

Ring

UNITED STATES – Amazon’s Ring is moving home and business security beyond fixed cameras, introducing a $249.99 indoor flying camera and a $999.99 wheeled robot that can patrol commercial spaces.

The Ring Drone Cam and Ring Rover Cam are featured in the company’s new Ring Robotics lineup. They have different jobs, capabilities and availability: the Drone Cam is on a notification list and still needs Federal Communications Commission authorization, while the Rover Cam is listed for preorder.

That regulatory distinction matters. Ring’s Drone Cam page says the device has not been authorized under FCC rules and may not be offered for sale or lease, or sold or leased, until authorization is obtained. A listed price is not the same as an available product.

In its November 10 announcement, Amazon said U.S. shipping is planned for December 16, 2026, for the Rover Cam and January 27, 2027, for the Drone Cam. The Drone Cam remains subject to FCC authorization.

The flying camera is designed to move between rooms inside a home, follow custom patrol routes and return to its charging dock. Ring lists up to eight minutes of flight per charge, a figure tested with a new, fully charged battery under controlled conditions. Actual flight time depends on the environment, use and battery condition.

Its camera records 2K video. LED spotlights illuminate dark rooms, rather than infrared night vision. The Drone Cam has no microphone, speaker, two-way talk or siren, according to Ring’s specifications. It is for indoor use only.

Ring says the Drone Cam only records while flying and stops recording when docked. Scheduled patrols require a compatible subscription, as do features such as saved video history. During setup, users must carry the device through the home to build a map. Reflective, transparent or featureless surfaces can disrupt performance.

The Rover Cam is aimed at businesses. Ring says it can autonomously map and cover up to 5,000 square feet, travel to saved viewpoints and perform 360-degree room sweeps. It supports two-way talk, a remotely activated siren and a light tower.

Unlike the flying camera, the Rover Cam stays on one floor. It cannot go up or down stairs and is intended for dry indoor spaces. Ring also lists restrictions involving sunken areas, some floor transitions and black glossy floors. Its specifications say it is not suitable around children under three or small pets.

Ring says users can turn off the Rover Cam’s microphones, camera and motion with a button. The company says it records while moving and can also record when it detects people while docked. Scheduled patrols require a compatible subscription.

What it means: Ring is offering mobile cameras as another way to check multiple rooms or parts of a business. Buyers still need to weigh the total cost of subscription features, indoor layout limits and privacy controls. The products’ stated coverage and recording features are company specifications, not evidence that they prevent crime.

JBizNews Desk | Technology & Business

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
ArchiveSeptember2012detailoftheFederalReserveBuildinginWashington,notWallerLondonvenue.

URL has been copied successfully!

Tim Evanson / Wikimedia Commons / CC BY-SA 2.0

WASHINGTON – October’s 0.3% rise in core consumer prices landed at the level Federal Reserve Governor Christopher Waller had identified earlier Tuesday as grounds to consider a half-percentage-point interest-rate increase in December.

The connection is between a new inflation reading and a condition Waller set before the data arrived. It is not a new post-release call from Waller, and it is not a decision by the Federal Open Market Committee.

The Bureau of Labor Statistics reported Tuesday that consumer prices excluding food and energy rose 0.3% in October, matching the monthly increases in September and August. Overall consumer prices rose 0.4%, down from September’s 0.6% increase.

In his November 10 speech in London, delivered before the CPI release, Waller said: “But if the October CPI inflation data out later today are similar to the past two monthly readings” with core CPI inflation “around 0.3 percent or even higher,” a stronger policy move may be needed.

“In that case, I believe a 50 basis point hike in the policy rate should be considered at the December meeting,” he said.

A 50-basis-point increase is half a percentage point. Waller’s base case before the report was a smaller, 25-basis-point increase, even if monthly inflation improved. The larger move was conditional on the persistence of core inflation.

Tuesday’s core reading met the numerical condition he described. The lower headline inflation rate did not change the fact that the core measure remained at 0.3% for a third straight month.

JBizNews reported Waller’s pre-data remarks earlier Tuesday. The separate CPI article covers the October figures and the missing overall year-over-year rate, which BLS could not calculate because relevant October 2025 data were unavailable.

Waller said his views were his own and not necessarily those of his colleagues on the Fed Board or the FOMC. His speech also distinguished the CPI report from the personal consumption expenditures inflation measure the Fed targets.

What it means: The report puts a half-point hike scenario back in focus because core inflation matched Waller’s stated pre-release test. It does not make that increase automatic. The December decision remains the committee’s to make, and this article does not attribute any post-release reaction to Waller.

JBizNews Desk | Economy & Markets

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
GoogleCloud2026logo,centeredonwhite.

URL has been copied successfully!

Google / Wikimedia Commons / Public domain logo

SUNNYVALE, California – Google Cloud launched Gemini for healthcare in preview Tuesday, introducing an AI product designed to help hospitals and health plans bring together medical records, coverage rules and administrative information. Northwell Health is among the launch customers.

The product is initially available in preview, not a general rollout of every planned integration. In its November 10 announcement, Google named Blue Cross Blue Shield of Massachusetts, Hartford HealthCare, HCA Healthcare, Highmark Health, Northwell Health, Optum and Stanford School of Medicine as launch customers.

Google said the system supports tasks such as synthesizing medical records, preparing for appointments, reviewing coverage and policies, and helping with benefit determinations. It connects information from electronic health records, billing platforms, clinical guidelines and federal healthcare datasets so staff can work across systems.

A key limit is how it handles medical records. Google’s direct integrations with Epic and Oracle Health are read-only: they can pull information such as active conditions, medications and recent lab results into a workflow, but do not write changes back to the electronic health record.

Additional connectivity for NextGen Healthcare is still in development, Google said. The company also described some benefits-verification capabilities as being in limited release and testing, rather than available across the entire customer base.

For Northwell, the stated goal is less paperwork and more time for patients. “Through these integrated solutions, we expect to ease some of the administrative burden on our clinical teams and give them more time for what matters most: caring for their patients,” said Dr. John D’Angelo, Northwell’s president and CEO, in the release.

That is an expectation, not evidence that the product has already lowered patient bills or improved clinical outcomes. Google’s announcement did not provide dollar prices, measured patient savings or clinical-outcome results.

Google said existing role-based access controls are preserved, and described audit logs and source citations that allow clinical and IT teams to check outputs. It said consequential decisions remain subject to appropriate human oversight.

The company also said patient records, clinical data, prompts and outputs remain within the customer’s dedicated enterprise environment on Google Cloud, and that it does not use customer data to train its foundation models. Those are Google’s stated data-handling commitments.

The product is intended for Gemini Enterprise Standard and Plus customers, with per-user subscriptions or pay-as-you-go pricing. Google did not disclose dollar rates in the announcement.

What it means: The launch is aimed at the work around care, from gathering a patient’s history to checking coverage. For hospitals and insurers, the test is whether those tasks become faster and easier to verify without weakening privacy or human control. For patients, lower bills or better health outcomes remain to be demonstrated.

JBizNews Desk | Technology & Health

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

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

URL has been copied successfully!

California voters rejected Proposition 40, a proposed wealth tax on the net worth of billionaires, spurning a ballot proposition that would have imposed a one-time 5% tax on any Californian whose net worth exceeded $1 billion.

With 100% of precincts reporting results as of Monday evening, 52.8% of Californians who voted on the measure, or 5,909,899 people, voted against it, according to California’s Secretary of State.

Despite a sweeping blue wave that saw numerous prominent progressive Democrats such as Los Angeles mayor-elect Nithya Raman win their races, the far-left pet policy wealth tax did not make it past the state’s voters thanks in part to Gov. Gavin Newsom taking a stand against the measure.

Newsom, a rumored 2028 presidential hopeful, wrote a lengthy Substack post in June explaining why he’d be voting against the measure while imploring Californians to do the same.

CALIFORNIA FACES ONE-TWO PUNCH AS VOTERS REJECT WEALTH TAX AND BILLIONAIRES EYE EXITS

Rather than come out generally against a wealth tax, Newsom objected particularly to the fact that, under the measure’s text, revenue taken from the state’s billionaires would go exclusively to funding health care.

“I’m voting no because this measure dedicates almost all of the revenue it raises to a single category of state spending,” he wrote in the post.

“There is nothing for housing, nothing for childcare, nothing for public safety workers who must answer 911 calls, and nothing for our public universities that have powered California’s economy for a decade,” Newsom added.

The California governor has still said that he supports a national wealth tax on anyone with a net worth over $100 million.

CALIFORNIA ENTREPRENEUR WARNS BILLIONAIRE WEALTH TAX COULD TRIGGER ‘GIANT SUCKING SOUND’ OF BUSINESS EXITS

Newsom joined a number of the state’s trade associations and unions in opposing the measure, including the California Teachers Association, California Medical Association, California Children’s Hospital Association and California Professional Firefighters.

“Proposition 40 was a reckless experiment conducted on our state’s economy with little regard for the harms it would cause,” a coalition of the groups opposed to the proposal wrote in a statement.

Also opposing the measure, and pouring millions of dollars into political action committees to defeat it, were a number of California’s wealthy technology executives. Google co-founder Sergey Brin spent over $100 million of his own money to help nix the measure.

A wealth tax has long been a popular policy for progressives like Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt.

Opponents to the measure feared it could drive the state’s billionaires — whose taxes are a key revenue source for the state — elsewhere. The ballot initiative was crafted with a potential exodus in mind, and would have retroactively taxed any billionaire living in California on or before January 1, 2026. Despite this, some of the state’s most wealthy, like Meta CEO and founder, Mark Zuckerberg, openly pledged not to leave.

Supporters of the measure have already begun running advertisements in key Democratic primary states such as New Hampshire and Virginia criticizing Newsom for opposing the measure.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Fox News Digital contacted Gov. Newsom’s office, the California Teachers Association, California Medical Association, California Children’s Hospital Association and California Professional Firefighters for further comment.

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

This post was originally published here. 

EmptyPublixgroceryaisleinOrlando,Florida,inJune2023archivephotograph.Notcurrentprices.

URL has been copied successfully!

Nielsoncaetanosalmeron / Wikimedia Commons / CC BY 4.0

WASHINGTON – Average hourly pay rose in October, but inflation used up the increase. Real average hourly and weekly earnings for employees on private nonfarm payrolls were unchanged from September after seasonal adjustment, the Bureau of Labor Statistics reported Tuesday.

In its November 10 real earnings report, BLS said a 0.4% increase in average hourly earnings was offset by a 0.4% increase in the Consumer Price Index for All Urban Consumers. The average workweek was unchanged, leaving inflation-adjusted weekly earnings flat as well.

Nominal average hourly earnings reached $38.00, up from $37.86 in September. Average weekly earnings rose to $1,307.20 from $1,302.38, while average weekly hours held at 34.4. October and September figures are preliminary.

The distinction is between more dollars and more buying power. Average pay in dollars rose, but the overall price index rose at the same rounded monthly rate. On the broad private-payroll measure, workers did not gain purchasing power over the month.

The separate October inflation report showed that price growth slowed from September’s 0.6% increase to 0.4%. Slower inflation still meant rising prices, rather than a fall in the overall cost of living.

Production and nonsupervisory employees had a different result. Their real average hourly earnings increased 0.1%, as nominal hourly earnings rose 0.4% and the Consumer Price Index for Urban Wage Earners and Clerical Workers rose 0.3%.

But their real average weekly earnings declined 0.3%, with the average workweek falling 0.3%. That is why a small improvement in inflation-adjusted hourly pay did not translate into a stronger inflation-adjusted weekly paycheck.

The two groups use different inflation measures: CPI-U for all private nonfarm employees and CPI-W for production and nonsupervisory employees. BLS defines the latter group to include production workers in mining and manufacturing, construction employees and nonsupervisory service-sector employees.

No October year-over-year real earnings comparison is available. BLS said it could not collect the relevant October 2025 CPI data during the lapse in appropriations, leaving it without the price comparison needed to calculate the annual change in purchasing power.

What it means for a paycheck: A raise in dollar terms is not automatically a gain after inflation. These October averages show hourly pay keeping pace with prices across private nonfarm payrolls, while shorter hours reduced weekly buying power for production and nonsupervisory employees. The figures describe averages across jobs, not the change in every person’s take-home pay.

JBizNews Desk | Economy

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive photograph of a North Brunswick,NewJersey,gasstationatnight,April4,2021.Notacurrentpricedisplay.

URL has been copied successfully!

Doug Davey / Wikimedia Commons / CC BY 2.0

WASHINGTON – AAA’s national average price for regular gasoline fell below $4 a gallon Tuesday, reaching $3.9788 in its November 10 daily update and crossing the threshold in AAA’s own series for the first time since July.

The AAA national price table showed an average of $3.9788 for regular unleaded, down from $4.0093 the day before and $4.1493 a week earlier. A month ago the average was $4.3669; a year ago it was $3.0707.

The move brings another measure of U.S. pump prices below the widely watched $4 mark, but it is not the first below-$4 reading reported nationwide this week. GasBuddy analyst Patrick De Haan reported his service’s national average below $4 on Sunday, while AAA’s separate average was still $4.0203.

That earlier GasBuddy milestone was its first since August 10. Tuesday’s update is about AAA’s own price series and its different threshold date, not a correction to Sunday’s GasBuddy figure.

AAA said in its October 15 report that its national average had remained above $4 since late July. Its November 5 update put the average at $4.1003 and said prices had been declining for nearly two weeks as crude oil prices fell.

The relief at the pump does not erase the year-over-year increase. Tuesday’s $3.9788 average remained above the $3.0707 AAA recorded a year earlier, even after the recent decline.

Other fuel grades were still higher. AAA listed national averages of $4.4990 for mid-grade, $4.8969 for premium and $6.1572 for diesel in the same November 10 table.

What it means for drivers: A lower price reduces the cost of buying the same amount of gasoline. But a national average is not a price every station must charge. Your fill-up cost still depends on the local station, fuel grade and number of gallons you buy.

JBizNews Desk | United States

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

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

URL has been copied successfully!
Consumers did not see much relief in October as inflation rose more than expected.
Last month’s inflation climbed 0.4 percent, from 0.6 percent in September, according to the Bureau of Labor Statistics.
Stripping out food and energy, core inflation edged up 0.3 percent.
Both readings came in above the consensus estimate of 0.3 percent and 0.2 percent, respectively.
This is a developing story. Please check back for further updates.
…
Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link

This post was originally published here. 

Archive aerial photograph of the White House,April30,2007.Not the November2026statement.

URL has been copied successfully!

Carol M. Highsmith / Library of Congress / Wikimedia Commons / Public domain

WASHINGTON – President Donald Trump praised Pete Hegseth’s defense against an impeachment push Tuesday, giving him an “A” followed by “PLUS, PLUS, PLUS” in a Truth Social post and directing a fresh personal attack at Rep. Thomas Massie.

“Pete Hegseth gets an ‘A’ PLUS, PLUS, PLUS for his defense against a disgruntled, angry, defeated, former Congressman, Thomas Massie, a TOTAL LOSER! President DJT,” Trump wrote on Truth Social. The statement appeared on his official profile.

Trump’s reference to a “former Congressman” was his wording. Massie is a sitting House member, and the post did not announce any change in his status.

The president’s praise followed Hegseth’s Pentagon briefing response, in which he called the impeachment effort a “political spectacle,” a “farce” and a “stunt.” Hegseth argued that policy disagreements should be addressed through legislation, debate and elections, and said he would continue to stand with Trump.

The post adds a new statement of presidential support after Hegseth delivered his own defense. It is not an announcement of a House vote or a determination of the merits of the allegations.

Massie introduced an eight-article impeachment resolution Monday. Trump’s approval of Hegseth’s remarks does not establish how lawmakers will vote on that resolution.

Trump had already said he would stand by Hegseth. Tuesday’s post focused specifically on Hegseth’s defense, while repeating Trump’s criticism of the Republican lawmaker leading the effort.

JBizNews Desk | Washington

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
eToro2026companylogo,centeredonwhite.

URL has been copied successfully!

eToro / Wikimedia Commons / Public domain logo

NEW YORK – eToro reported a 74% drop in third-quarter net income Tuesday as weaker cryptocurrency trading weighed on its results, even as funded accounts grew and its board authorized a new share repurchase program of up to $250 million.

The trading and investing platform reported net income, labeled GAAP in its November 10 earnings release, of $15.030 million for the quarter ended September 30, down from $56.817 million a year earlier. Diluted GAAP earnings per share fell to $0.14 from $0.53.

Adjusted net income, a non-GAAP measure, fell 60% to $23.934 million from $60.330 million. Adjusted diluted EPS was $0.26, compared with $0.60. Adjusted EBITDA, also a non-GAAP measure, declined 56% to $34.200 million from $77.908 million.

Net contribution decreased 13% to $186 million from $215 million, primarily because of lower crypto trading activity, the company said. That measure is not total revenue: eToro defines it as total revenue and income less the cost of revenue from cryptoassets and margin interest expense.

The user base continued to expand. Funded accounts rose 18% to 4.39 million from 3.73 million, while assets under administration were flat at $20.8 billion. The company held $1.2 billion in cash, cash equivalents and short-term investments at September 30.

Chief Financial Officer Meron Shani said capital markets net contribution increased 21% year over year, while crypto activity recovered sequentially. Those gains did not prevent a year-over-year decline in overall net contribution and profit.

Buyback is an authorization, not a completed purchase

The board approved repurchases of up to $250 million through methods that may include open-market purchases, privately negotiated transactions, block trades or an accelerated repurchase program. The company said timing and amounts will depend on market prices, economic conditions, liquidity needs and other factors.

The authorization does not mean $250 million of shares have already been repurchased. eToro said the program is intended to return capital and provide flexibility for future strategic initiatives.

October figures are separate from the quarter

In a separate monthly update within the release, eToro reported October assets under administration of $19.2 billion, down 6% year over year, and 4.42 million funded accounts, up 18%. October crypto trades totaled 2.0 million, down 62% year over year, while capital markets trades were 48.2 million, down 22%.

The company scheduled its results video call for 8:30am Eastern Tuesday. The figures in this article come from the earnings release, not remarks from a completed call.

JBizNews Desk | Wall Street

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

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive photograph of a Hannaford supermarket aisle in Vermont,December24,2025.

URL has been copied successfully!

Tessa Bury / Wikimedia Commons / CC BY 4.0

NEW YORK – Consumer prices rose 0.4% on a seasonally adjusted basis in October from September, cooling from September’s 0.6% jump, the Bureau of Labor Statistics reported Tuesday, in an inflation report that arrived without the familiar 12-month rate because of last year’s government shutdown.

The October Consumer Price Index reading came in below September’s pace. Core prices, which leave out food and energy, rose 0.3% for the third straight month, the bureau’s release shows.

The bureau said it did not collect survey data for October 2025 because of the lapse in appropriations, so it cannot publish 12-month percent changes for October 2026 for most CPI series. The last available annual reading, for September, showed prices up 3.7% over 12 months.

Food prices rose 0.5% in October, with groceries up 0.4% and restaurant meals up 0.5%. Energy prices rose 0.7%, slowing sharply from September’s 5.2% surge, and gasoline rose 1.0% after jumping 9.1% the month before. Shelter costs rose 0.3% and accounted for over thirty percent of the monthly increase, the bureau said. Used car and truck prices fell 1.2%.

Delayed quotes from about 8:22-8:23am Eastern, before the release, showed Dow futures up 0.4%, S&P 500 futures little changed and Nasdaq-100 futures down about 0.4%. Those quotes do not show the market response to the inflation report.

The report lands one day after the Dow Jones Industrial Average surged 1,104 points, as JBizNews previewed this morning.

What it means for you: The overall price index is still rising, but its monthly increase slowed from September. Grocery prices rose 0.4% and restaurant prices rose 0.5%, while the gasoline index increased 1.0% after seasonal adjustment. The missing October 2025 data mean there is no overall year-over-year inflation rate in this release; they do not mean prices stopped rising.

JBizNews Desk | Wall Street
© JBizNews.com. All rights reserved. Unauthorized reproduction or redistribution is strictly prohibited.

Share this story:
Share by Email
X (Twitter)
Follow Me
Tweet
Whatsapp
LinkedIn
Copy link
Archive aerial photograph of the Pentagon in November2005,not the November2026briefing.

URL has been copied successfully!

Johnny Bivera / U.S. Navy / Wikimedia Commons / Public domain

WASHINGTON – Pete Hegseth rejected Rep. Thomas Massie’s impeachment push at a Pentagon briefing Tuesday, calling it a “political spectacle” and a “stunt” and saying he would continue to stand with President Donald Trump.

“What one disgruntled and defeated congressman is attempting is not oversight and it’s not accountability,” Hegseth said in the public recording of the briefing. “It’s a political spectacle, a personal manifesto driven by ego and resentment.”

Hegseth’s comments were his response to the effort to remove him, not a finding about Massie’s motives or the merits of the impeachment allegations. He also called the effort “a farce” and “a stunt.”

Massie, a Kentucky Republican, filed an eight-article impeachment resolution Monday. Tuesday’s remarks did not announce a House vote result.

Hegseth argued that the dispute was over policy rather than impeachable conduct. “The proper remedy for a policy disagreement, it’s legislation, it’s debate, it’s the next presidential election,” he said.

That is Hegseth’s defense of his position. His description does not settle the constitutional or legal questions raised by the resolution, which are for Congress to consider.

Comparing the effort against him to Trump’s past impeachments, Hegseth predicted: “They will fail again.” He added: “If standing with President Trump puts me in that company, I’ll take that company every day of the week.”

Trump had publicly backed Hegseth on Monday, saying he would stand by him. Tuesday’s briefing put Hegseth’s own response on the record as the impeachment effort moved through the House.

The next issue is what action the House takes on the resolution. Hegseth’s prediction of defeat is not a vote count, and his remarks do not establish the outcome of the proceeding.

JBizNews Desk | Washington

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

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