Leading cryptocurrencies lifted alongside stock futures overnight on Sunday after President Donald Trump said that a framework agreement to end the conflict with Iran had been completed.

Cryptocurrency 24-Hour Gains +/- Price (Recorded at 10:30 p.m. EDT)
Bitcoin (CRYPTO: BTC) +1.84% $63,246.60
Ethereum (CRYPTO: ETH)
               
+1.33% $1,660.40
XRP (CRYPTO: XRP)                          +2.72% $1.13
Solana (CRYPTO: SOL)                          +3.60% $66.48
Dogecoin (CRYPTO: DOGE)              +2.12% $0.08570

Crypto Market Spikes

Bitcoin jumped to $65,800 overnight as trading volume soared 36% over the last 24 hours. Ethereum hit $1,730, fueled by a similar wave of buying pressure, while XRP and Dogecoin posted sharp gains.

Over $333 million was liquidated from the market in the last 24 hours, with short position traders losing $239 million, according to Coinglass data.

Bitcoin’s open interest spiked 2.57% in the last 24 hours. Retail and whale derivatives traders with open BTC positions remained “bullish” on the apex cryptocurrency.

Despite the gains, “Extreme Fear” sentiment persisted in the market, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M) Gains +/- Price …

Full story available on Benzinga.com

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Strategy Inc. (NASDAQ:MSTR) Chair Michael Saylor congratulated Elon Musk and Space Exploration Technologies Corp.  (NASDAQ:SPCX) on their record-breaking IPO, while drawing attention to the newly-listed firm’s substantial Bitcoin (CRYPTO: BTC) holdings.

Musk’s Firms Leading ‘Mag 8’ Bitcoin Leaderboard

Saylor hailed SpaceX’s debut as ‘historic’ on X, noting that 25% of the “Mag 8” companies — the original “Mag 7” plus SpaceX — now hold Bitcoin on their balance sheets.

The aerospace giant revealed in its IPO filing that it holds 18,712 BTC on hand as of March 31, recognized at a fair value of $1.29 billion. The total cost basis of …

Full story available on Benzinga.com

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The 10-year Japanese government bond yield could fall to as low as 2.530% during Monday trading, following news of a peace deal between the U.S. and Iran, said Mitsubishi UFJ Morgan Stanley Securities.

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U.S. stock futures jumped and oil prices fell sharply in Sunday evening trading after President Donald Trump announced that the United States had reached a deal with Iran to end nearly four months of war. “The Deal with the Islamic Republic of Iran is now complete,” Trump wrote, adding that he had authorized the reopening of the Strait of Hormuz and the removal of the U.S. naval blockade. “Ships of the World, start your engines. Let the oil flow!”

The announcement triggered an immediate reaction across financial markets that have been whipsawed since the conflict began on Feb. 28.

Futures tied to the S&P 500 rose 0.76% to 7,491.75, a gain of nearly 57 points. Dow Jones Industrial Average futures added 283 points, or 0.55%, to 51,888. Nasdaq futures climbed 1.26%, up 374 points to 30,036.25. Futures on the Russell 2000, which tracks 2,000 smaller American companies, opened at a record high.

Oil, which had carried a significant war premium for months, dropped sharply. Brent crude, the international benchmark, fell 3.8% to below $84 a barrel, its lowest level since early March. West Texas Intermediate, the U.S. benchmark, slid 4.3% to about $81 a barrel.

Elsewhere, gold rose 1.55% to $4,304.60, Bitcoin gained roughly 1.8% to $65,600, and the VIX, Wall Street’s fear gauge, plunged 9% to 17.68, reflecting a dramatic decline in investor anxiety.

The heart of the agreement is the Strait of Hormuz, the narrow waterway through which roughly 20% of the world’s oil supply passes each day. The strait has been effectively closed since the war began, sending shock waves through global energy markets and driving up the cost of oil, gasoline, fertilizer, plastics, packaging materials, and transportation.

The resulting inflation pressures rippled across the broader economy, affecting everything from grocery prices to manufacturing costs.

Trump said the strait would officially reopen Friday, when crews begin clearing mines from the waterway. Even with an order to reopen, analysts caution that restoring normal shipping operations could take weeks or even months. Hundreds of vessels remain stranded on both sides of the chokepoint, and insurance and security costs remain elevated.

Consumers may eventually see relief at the gas pump.

Patrick De Haan, an analyst at GasBuddy, said gasoline prices could fall to roughly $3.75 per gallon by July 4 if the agreement holds and oil continues to retreat. He cautioned, however, that the coming days will be critical in determining whether the ceasefire proves durable.

Before the war, average gasoline prices in many parts of the country were below $3 per gallon. The closure of the Strait of Hormuz and soaring shipping costs pushed prices significantly higher, placing additional strain on households and businesses alike.

The energy shock also contributed to broader inflation concerns. According to the Bureau of Labor Statistics, consumer prices in May were 4.2% higher than a year earlier, marking the sharpest annual increase since April 2023.

Iran publicly confirmed the agreement.

Kazem Gharibabadi, Iran’s deputy foreign minister, said on state television that both sides had agreed to halt hostilities and begin negotiations toward a comprehensive long-term settlement within the next 60 days.

Pakistan’s Prime Minister Shehbaz Sharif also confirmed the agreement, saying preliminary talks would be followed by technical negotiations and ultimately an official signing ceremony.

Still, investors remain cautious.

Markets have repeatedly rallied on reports of diplomatic progress only to reverse course following renewed violence. New warning signs emerged Sunday.

Iran’s semi-official Fars News Agency reported that marine traffic in the Persian Gulf would continue to be regulated jointly by Iranian and Omani authorities, a position that could conflict with Trump’s insistence on unrestricted navigation through the Strait of Hormuz.

Meanwhile, Israeli strikes in Lebanon underscored the fragile nature of regional stability.

Mohammed Bagher Ghalibaf, a prominent Iranian political figure and former Revolutionary Guard commander, argued that the attacks demonstrated that Washington either could not or would not fully enforce the agreement.

The deal arrives ahead of a critical week for financial markets.

The Federal Reserve meets Tuesday and Wednesday for the first policy meeting under new Chair Kevin Warsh, who was sworn in last month as the central bank’s 17th chairman.

Most economists expect the Fed to leave its benchmark interest rate unchanged within the 3.50% to 3.75% range.

Before the agreement, elevated energy prices complicated the inflation outlook and reduced expectations for future rate cuts. With oil prices now falling sharply, some of that pressure could ease.

Warsh, widely viewed as an inflation hawk, has indicated that he may take a different approach from his predecessor, Jerome Powell, including potentially holding fewer post-meeting press conferences. Investors will be looking closely for signals about the central bank’s outlook on inflation, growth, and future interest-rate policy.

“The Kevin Warsh era has begun,” said Phil Camporeale, chief investment strategist at J.P. Morgan Wealth Management, who expects the Fed to remain on hold through the rest of 2026 while adopting a more neutral policy stance.

For now, the market reaction reflects relief after months of uncertainty, military escalation, and economic disruption.

Whether that optimism lasts will depend on two simple questions that markets will answer in the days ahead:

Will oil begin flowing normally through the Strait of Hormuz again?

And will the guns remain silent?

JBizNews Desk
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The IDF is conducting strikes in the Dahiyeh district of Beirut in response to Hezbollah fire toward Israeli territory, Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz confirmed on Sunday in a joint statement.

“Israel will not tolerate fire directed at its territory,” the statement said.

The strikes precisely targeted one of Hezbollah’s command centers located within Dahiyeh used by the terror organization to “advance terrorist attacks against the citizens of the State of Israel and IDF soldiers operating in southern Lebanon,” the military added.

Israeli media reported that the targeted center was housing Hezbollah’s communication systems chief, while the result of the attack is still not clear.

According to Axios reporter Barak Ravid, the IDF notified CENTCOM shortly before conducting the strike.

Iranian parliament speaker and chief negotiator Mohammad-Bagher Ghalibaf responded to the strikes on Dahiyeh by commenting on the upcoming peace deal with the United States. In a post on X/Twitter, he stated that the strikes indicate that “America either lacks the will to fulfill its commitments or the ability to do so.”

“If you can’t fulfill your commitments, speaking of continuing the path is impossible,” he added.

Ebrahim Rezaei, an Iranian lawmaker and the military advisor of Supreme Leader Mojtaba Khamenei, said in a post on X/Twitter following the announcement of the strikes that the only way towards any sort of agreement with the United States is to “discipline the Zionist regime.”

“If this rabid dog is not brought under control, it will bite our own feet before the ink on the agreement has even dried,” Rezaei wrote.

IDF maintains ‘high alertness and readiness in all arenas’

The IDF is maintaining “high alertness and readiness in all arenas,” IDF Chief of Staff, Lt.-Gen. Eyal Zamir said during a meeting with Division and Brigade commanders from the military’s Northern Command.

“The entire IDF is determined, alert, ready, and operating with varying intensities in all sectors. Lebanon is our main center of gravity, but we are also preparing for developments in other arenas,” Zamir said.

He also said that the operation in southern Lebanon is leading to “the continued erosion and disintegration of Hezbollah’s southern front,” with the improvements in the security situation being key to determining the “framework of negotiations mediated by the American political echelon and the Lebanese government.”

Since early Sunday morning, several drones launched by Hezbollah have crossed into Israeli airspace, prompting sirens to be sounded in northern Israel.  

In response, several Israeli ministers called on the government to intensify attacks against Hezbollah and Dahiyeh.

‘For every drone, Dahiyeh must tremble,’ Ben-Gvir says

Finance Minister Bezalel Smotrich called on Netanyahu to implement his Dahiyeh doctrine with “determination and force and to demolish buildings in Dahiyeh today” in a post to X, adding that the government had “promised security to the residents of the north, and we must fulfill it!”

In his own X post, National Security Minister Itamar Ben-Gvir echoed the sentiment. 

“For every drone, a missile. For every violation, fire. For every drone, Dahiyeh must tremble. For every hair on the head of an IDF soldier, a thousand Hezbollah terrorists,” Ben-Gvir wrote. “Against terror, we do not contain, we crush!”

Last week, the Iranian military’s Khatam al-Anbiya Central Headquarters said in a statement published by the Islamic Revolutionary Guard Corps-run Fars News Agency that its several hours of attacks had come in response to Israel’s actions against Lebanon. 

Iran’s military had further threatened in its statement that should Israel continue to strike in Lebanon, “much more severe and crushing measures will be on the way.”

US-Iran deal set to be signed on Sunday

A deal with Iran is set to be signed on Sunday, and the Strait of Hormuz will open immediately afterward, US President Donald Trump announced in a Saturday Truth Social post.

“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” wrote Trump.

Trump emphasized that the deal was significantly different than that of the Obama administration, which he described as “an easy, beautiful, smooth road to a Nuclear Weapon, which Iran would have had six years ago, and would have used long before now.”

Pakistani Prime Minister Shehbaz Sharif added on Saturday that the US and Iran have agreed to a framework for a peace deal to end the months-long conflict in the Middle East, with the final text of the deal reached.

Pakistan is now preparing for an electronic signing expected within the next 24 hours, followed by technical-level talks next week, Sharif added.

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Thousands of students from 31 countries took part in My Family Story this year, the international heritage program run by ANU – Museum of the Jewish People in Tel Aviv, whose 2026 winners were recently announced in a global online ceremony broadcast from Israel to six continents.

The Manuel Hirsch Grosskopf International Competition is now in its 31st year.

The closing event, held on Zoom from the museum, included students, teachers, and family members from around the world, with the ceremony conducted in English and accompanied by live translation into Hebrew, Russian, French, and Spanish. Arkia sponsored the event and donated airline tickets for the winners and their families.

My Family Story is the flagship program of the Koret International School for Jewish Peoplehood Studies, ANU’s educational division. The project was created and is led by Martha Mazo, who has headed Spanish-language educational programs at ANU for 31 years.

The program highlights diverse Jewish family histories

The program invites young people in Israel and abroad to research their family histories, document their heritage, and transform their roots projects into creative, museum-style exhibits. In addition to schools, the program includes Jewish museums worldwide, summer camps, informal education frameworks, and families.

This year, hundreds of students submitted works exploring family stories, identity, memory, migration, heritage, and community. The entries were judged by an international panel led by ANU.

Alex Alush's project told the story of his great-grandmother, Gita, who fled a Belarus ghetto alone during the Holocaust. (credit: ALEX ALUSH)

Oded Revivi, CEO of ANU – Museum of the Jewish People, said the program gives young people a rare opportunity to connect personal memory with Jewish history.

“In a rapidly changing world, the ability to pause for a moment, listen to the stories that shaped us and connect past, present, and future is an extraordinary educational and moral gift,” he said.

“My Family Story gives young people the opportunity to discover the roots from which they grew and to understand how their personal story fits into the broad mosaic of the Jewish people. The fact that hundreds of students from 31 different countries take part in the project every year illustrates the power of the family story to connect people, communities, and cultures.”

Naama Keller, director of the Koret International School at ANU, said, “In the My Family Story program, children discover that they are not only heirs to the past, but also creators of the future. Through their family stories, they become the next link in the continuing chain of the story of the Jewish people.”

The winning projects will be displayed in the competition’s international digital archive and in the interactive installation devoted to the project at ANU – Museum of the Jewish People, becoming part of a growing collection of thousands of family stories gathered from across the Jewish world.

Meet the first-place winners 

The first-place winner in Hebrew is Alex Alush of A.D. Gordon School in Givatayim for “The Album That Never Was.” The project tells the story of Alush’s great-grandmother, Gita, born in Belarus in 1933, who, at the age of 10, was forced to flee the ghetto alone and hide in the forest, leaving behind her family and every trace of her past. Because of the war, the first photograph of her was taken when she was 13, in an orphanage.

Using artificial intelligence (AI), Alush recreated lost moments from Gita’s childhood, from her warm family home to her dramatic escape, turning stories passed down through the generations into tangible images. The project sought to give Gita back the childhood memories that had been stolen from her.

Sarah Sitton Massri of Or HaHayim School in Mexico City won first place in Spanish for “SHOCK/SHUK,” a sensory project about her Syrian Jewish family’s heritage as merchants. The work combines smells, textures, colors, and tastes to reflect the “flavor” of her family and cultural identity. Two lamps bearing family names symbolize the light she has received from past generations and the light she passes on to the future.

Daniel Voloshchuk of the Shalom Education Center in Rockville, Maryland, won in Russian for a handmade project utilizing the visual language of family albums and memory books. His research explored the gaps, silences, and omissions that often exist in Jewish family archives, especially in the wake of the tragedies of the 20th century. The judges praised the project’s warmth, authenticity, and use of handmade elements, including aged paper and handwritten Russian.

Aaron Lévy of École Marianne Picard in Neuilly-sur-Seine, France, won first place in French for a board game called “Our Roots Journey.” Born in France and living in Paris, Lévy comes from a family with roots in Tunisia on his mother’s side and Morocco on his father’s side. He interviewed his parents and all four grandparents, creating a game in which players move through family history by answering questions, following clues, and completing challenges. The game is housed in an old suitcase, symbolizing the journeys and displacements his family experienced over the years.

Zoe Sharf of Mount Scopus Memorial College in Melbourne, Australia, won first place in English and in the general international category. Her project explores how a legacy of giving passes from generation to generation and shapes personal identity.

At the center of her work is a unique tzedakah box made of transparent acrylic and engraved copper coins. Each coin includes faces, documents, and family values, representing lives of meaning and contribution. Sharf was inspired by her great-grandmother, who survived a labor camp in Siberia during World War II and cared for her younger brother, as well as by later generations of relatives who continued the family tradition of giving, including doctors and volunteers.

Sharf said the creative process taught her that, just as a tzedakah box fills gradually, identity is built step-by-step, coin-by-coin, and value-by-value, as part of a long chain of compassion, courage, and mutual responsibility linking her family story to the larger story of the Jewish people.

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What a crazy weekend: we had the NBA finals, a possible legit deal with Iran and we are all getting ready for Fed week with Kevin Warsh as the new Fed Chair. But the main question is: will mortgage rates get better now? On Sunday, President Trump announced that a deal had been agreed to and that it should be  signed on Friday — and then the oil will flow.

But how will the conflict ending help mortgage rates? Inflation is hot, the labor market has improved and the Fed is now run by hawks with very few doves left. Let’s dive in.

Oil and mortgage rates

First, getting closure on this conflict is very important. My peak 10-year yield forecast for 2026 was 4.60%, with a peak mortgage rate forecast of 6.75%, based on an improving labor market while inflation remained firm. 

Market-wise, the worst levels of the conflict pushed the 10-year yield to 4.68% and mortgage rates got to 6.75%. Currently rates are 6.58%. Now, if this conflict is really over and we don’t have disaster-related mistakes getting oil out, the worst rates for the year are over due to oil prices. On May 25, I outlined the metrics for what the 10-year yield should do if the market was pricing based on the conflict being over: rates should hit the 4.46%-4.48% mark, which happened on Friday. 

As I write this on Sunday night, the 10-year yield is at 4.43%. The next two levels I laid out of 4.35% and 4.24% are as low as I can go for now, short-term, because the labor market has improved since the start of the year and inflation is still running hot. I need to wait and see what happens with the Fed this week. So the downside is limited, unless we get some bad economic data and the Fed doesn’t go full hawk mode on us.

This Fed week is critical

If we hadn’t reached a deal to end this conflict, the Fed would be very hawkish at this week’s meeting and there isn’t anything Warsh could do about it. The only thing Warsh can do at this meeting is try to convince the hawks to be patient and not talk about raising rates soon, since oil prices are at levels we saw in 2024 and 2025.

However, inflation is well above target and the labor data has gotten better, so don’t expect the Fed to talk about rate cuts; just look for the hawks to try to lose the easing bias, and then basically say that if inflation doesn’t improve, they will look to hike rates.

chart visualization

How the bond market reacts to news about the conflict, economic data and the Fed meeting will be a good test of where bond traders stand. Just remember that every time the 10-year yield moved below 4% in 2023, 2024, 2025 and 2026 it was driven by labor market and economic growth concerns. However, since mortgage spreads are much better now than then, it’s hard to get rates over 7%.

chart visualization

On a positive note, we already have many rate cuts in the system. This has allowed rates to stay with a 6% handle for all of 2026 due to the better mortgage spreads above. However, the downside is that we have a lot of Fed hawks now who want to raise rates, so let the Fed battle begin this week.

Conclusion

It’s a huge win that we are talking about oil prices at $81 tonight rather than heading above $100 if the conflict wasn’t ending. However, I believe 65%-75% of the range for the 10-year yield and mortgage rates is determined by Fed policy. This year we have gone from two to three rate cuts being discussed to now talking about another rate-hike cycle.

So, it’s a plus that this conflict should be ending soon, but we need oil flowing again and then we can work back to the economic data, which means labor data and inflation data are key. Both labor data and inflation are moving in ways that make it hard for the Fed to cut rates.

Right now, the best-case scenario for mortgage rates following a favorable Fed meeting is a range of 6.25%-6.375%; the normal base case is 6.50%-6.75%. If Warsh can’t calm the hawks down and the labor and economic data stay firm with inflation still rising, the worst-case situation is 0.375%-0.435% higher than the 6.75% peak forecast. That would mean the economy is very firm, with inflation running super hot, and the hawks would be running the Fed, not Warsh.

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LONDON — Frasers Group, the British retail company controlled by billionaire Mike Ashley, has launched a bid to take full control of Hugo Boss, the German fashion house behind the BOSS and HUGO brands.

Frasers, already Hugo Boss’s largest shareholder, announced Wednesday that it will offer €38 per share in cash for the approximately 74% of the company it does not already own, valuing the outstanding shares at roughly €2 billion ($2.3 billion).

Investors immediately responded positively. Hugo Boss shares surged following the announcement and traded above the offer price, signaling that many investors believe a higher bid could eventually emerge.

The proposal would value Hugo Boss at approximately €2.7 billion overall.

Frasers currently owns just over 26% of Hugo Boss and is offering only a modest premium of about 4% above the stock’s previous closing price of €36.44.

The transaction does not require Frasers to acquire a minimum number of shares, but it remains subject to regulatory approval. The company expects the acquisition process to conclude during the second half of 2026.

BNP Paribas and Deutsche Bank are serving as financial advisers to Frasers.

The market’s reaction suggested investors remain unconvinced the current offer will be the final one.

Instead of trading near the €38 offer price, Hugo Boss shares climbed as high as €40.52 during trading after the announcement. In takeover situations, a stock trading above the bid price often reflects expectations that the offer may be increased or that another bidder could emerge.

At the same time, shares of Frasers Group moved lower, indicating some concern among its own investors about the cost and risks of acquiring the fashion company outright.

Mike Ashley has built a reputation as one of Britain’s most aggressive retail dealmakers.

He transformed Sports Direct into what is now Frasers Group, a retail empire that includes House of Fraser, Flannels, Sports Direct, and significant investments in companies including ASOS, Debenhams, and Currys.

Ashley owns nearly 74% of Frasers Group. While he stepped away from the board in 2022, leadership passed to his son-in-law, Michael Murray, who now serves as chief executive.

Murray also sits on Hugo Boss’s supervisory board, although Frasers said he did not participate in discussions regarding the takeover proposal.

The move fits a familiar pattern.

Frasers first invested in Hugo Boss in 2020 and has steadily increased its position over the years as part of a broader strategy to expand its presence in the premium and luxury retail market.

Earlier this year, the company also acquired a 5.8% stake in Puma, making it one of the German sportswear company’s largest shareholders.

Hugo Boss appears to fit the profile of many companies Frasers has targeted in the past: a globally recognized brand facing operational and financial challenges.

The company’s shares remain roughly 50% below their 2023 highs, while management continues working through a turnaround strategy focused on store upgrades, streamlining product offerings, and expanding womenswear sales.

Although the company has reported some progress, both revenue and profit declined during the most recent quarter.

One notable aspect of Frasers’ proposal was its unexpectedly supportive tone toward Hugo Boss management.

In its announcement, Frasers said the acquisition would help support additional investment in the business and publicly expressed confidence in current Chief Executive Daniel Grieder and Supervisory Board Chairman Stephan Sturm.

The comments marked a significant change from late last year, when Frasers openly challenged Hugo Boss leadership and sought board changes. The company withdrew those efforts only one day before announcing the takeover proposal.

Hugo Boss described the offer as unsolicited and said its board would carefully evaluate the proposal before making a recommendation to shareholders.

Analysts remain divided on Frasers’ ultimate objective.

Citi described the offer as relatively modest and suggested the pricing may leave room for a future increase while discouraging competing bidders.

Jefferies questioned whether Frasers actually intends to acquire full control, suggesting the move could instead be designed to provide greater flexibility for future investments in the company.

Russ Mould, investment director at AJ Bell, noted that Ashley has historically built value by acquiring underperforming brands at attractive prices and attempting long-term turnarounds.

The next steps now rest with Hugo Boss shareholders, regulators, and Frasers itself.

If Hugo Boss shares continue trading above the offer price, Frasers may eventually face a choice: raise its bid or remain a major shareholder without pursuing full ownership.

Either way, one of Germany’s best-known fashion brands has become the center of a major takeover battle, with one of Britain’s most prominent retail investors leading the charge.

Business — JBizNews Desk

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Consumer prices climbed at their fastest annual pace in three years last month, the Bureau of Labor Statistics reported Wednesday, June 10, with the spike driven almost entirely by what Americans pay at the gas pump. The Consumer Price Index rose 0.5% in May and was up 4.2% over the past 12 months — the highest annual reading since April 2023.

The headline number looks alarming, but the source is narrow. The energy index jumped 3.9% in May and accounted for more than 60% of the entire monthly increase, following gains of 3.8% in April and 10.9% in March — a three-month surge tied directly to the Iran war’s disruption of Middle Eastern oil supplies. Gasoline alone rose 7% in a single month and is up 40.5% from a year ago.

Strip out food and energy, and the picture is calmer. So-called core inflation rose just 0.2% on the month and 2.9% over the year, with the monthly gain coming in below forecasts and below April’s pace. That gap — a hot headline number and a mild core — is the central tension facing the Federal Reserve as it meets this week.

The everyday squeeze is real where families feel it most. Electricity prices rose 0.6% in May and are up 5.9% over the year. Shelter, the single biggest piece of the index, rose 0.3% and is up 3.4% annually, while food increased 0.2%.

New-vehicle prices slipped 0.3%, used cars rose 0.1%, airline fares increased 2.7%, and motor vehicle insurance fell 1.7%.

That mix matters. The fact that transportation services and other core categories stayed tame suggests high fuel costs have not yet spread broadly through the economy. Economists framed it as a pocketbook problem more than a runaway inflation problem — at least for now.

The worry among forecasters is second-round effects. Sustained high energy costs eventually raise the price of anything that needs to be transported, heated, or powered. So far that spillover has been limited, but it is exactly what the Fed is watching.

For the Fed, the report cuts against any near-term rate cut. After the data landed, futures markets leaned toward holding rates steady and even increased the odds of a hike later this year.

The bottom line for households: the basics cost more, the increase is concentrated in fuel, and whether it spreads depends largely on a war thousands of miles away. The next inflation report will reveal whether May was a spike or the start of something more persistent.

JBizNews Desk — Economy

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A senior Trump administration official tells FOX Business that Anthropic’s “recklessness” in responding to issues with the company’s latest artificial intelligence release led to export controls.

The official says there are ongoing talks about fixing the vulnerabilities with the company’s Fable 5, but claims the administration’s interactions with Anthropic created a lack of trust. The official believes the experience damaged Anthropic’s relationship with the government over its unwillingness to address the concerns.

The export controls imposed by the Commerce Department forced the company to pull down its latest release. Anthropic received a letter from the Commerce Department saying its Fable 5 and Mythos 5 models were banned for use by any foreign national “inside or outside the United States,” due to national security concerns. A source familiar with calls to Anthropic says the company brushed off the federal government’s initial concerns. A source close to the company disputes that, adding it was not presented with any details and never refused to fix issues.

ANTHROPIC FILES CONFIDENTIALLY FOR IPO

After a flurry of phone calls on Friday, the official familiar with the outreach tells FOX Business the company claimed Anthropic CEO Dario Amodei was at a wellness retreat and could not be reached about the concerns. A source close to Anthropic denies there was a retreat, says the company’s executives were not hard to reach and claims they were in touch with the White House within 15 minutes.

Still, the senior administration official says Anthropic’s reaction to potential issues led to the export controls, adding the government says the company did not take the request to fix issues seriously enough, given the expectations set before the Fable 5 rollout.

The feeling within the Commerce Department, Treasury Department, and White House is that Anthropic could have avoided the drastic step of export controls by engaging on a deeper level.

Multiple sources say the government made it clear to Anthropic that this release would be the first test case for the new executive order signed regarding AI guardrails. A Washington, D.C., tech policy expert tells FOX Business this is “government messaging 101” – that if a company is leading the conversation on AI safety, then appears reluctant to address any safety concerns, the administration will take a tough stance.

AI LEADERS ARGUE SOFTWARE WILL ADAPT – NOT DIE – BUT VALUATIONS ARE STRETCHED

Administration officials say the concerns were realized last week when Amazon AI experts were able to orchestrate a “jailbreak” on Fable 5 after it was released on June 9 alongside Mythos 5, the latter of which was only released to a limited group. Anthropic said the cyberattacking abilities of the new models were constrained, but Amazon and five other companies testing the release found a workaround in Fable 5 that opened the full cyber abilities of Anthropic’s more advanced model.

FOX Business reached out to Amazon for comment.

Under its leadership, the Trump administration has taken an all-of-government approach to making sure new AI models meet national security standards. The export controls originated in the Commerce Department, but the Treasury Department is being increasingly looped in due to its knowledge of computer power and markets.

A former Trump administration official tells FOX Business that President Donald Trump is business-friendly to a point, adding that if a company is slow to address issues, the president will force it to make the necessary changes. The former administration official expressed concern that the export controls will not be easily removed if Anthropic continues to brush off the issues being raised at the highest levels of government.

AMERICA CAN’T COMPETE WITH CHINA IN AI WITHOUT THESE WORKERS, META’S PRESIDENT SAYS

In a statement on June 12, Anthropic said, “We reviewed a demonstration of this specific technique being used to identify a small number of previously known, minor vulnerabilities. These vulnerabilities all appear relatively simple, and we have found that other publicly-available models are able to discover them as well without requiring a bypass.”

A source close to Anthropic says there were no details in the initial call with government officials, just a request to pull down the Fable 5 model within 90 minutes. The source adds that Amodei and other senior staff have been engaged from the beginning, there was no refusal to fix an issue and the company remains eager to resolve any concerns.

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FOX Business has also learned Anthropic senior technical staff are in Washington, D.C., to meet with White House officials. Another source tells FOX Business virtual meetings have been held every day since the administration’s initial outreach about the vulnerabilities.

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A Maryland dairy is recalling all of its cheese products after health officials warned they may be contaminated with listeria.

Clover Hill Dairy of Mechanicsville, Maryland, has agreed to voluntarily recall every cheese product it makes, including ricotta, cheddar, Monterey Jack, pepper jack and other varieties, according to a Sunday announcement from the Maryland Department of Health.

Health officials said eight listeria infections and one death may be linked to the recalled cheese.

FDA ISSUES HIGHEST-RISK RECALL FOR ALFREDO SAUCE SOLD IN 41 STATES

“The facility has agreed to initiate a voluntary recall for all of its cheese products,” the Maryland Department of Health stated.

The recall expands an earlier recall for Clover Hill soft ricotta cheese sold from May 4 through May 30 in North Carolina, New York, Virginia, Maryland, New Jersey and Washington, D.C.

The recalled ricotta were sold in 10-, 12- and 14-ounce clamshell containers. Some packages may list plant number 24-128 on the label. The cheese was sold through retail stores, bulk distributors and direct-to-consumer sales, according to a June 9 notice from the U.S. Food and Drug Administration.

FROZEN PIZZA SNACK RECALL HITS 21 STATES OVER POSSIBLE METAL CONTAMINATION IN PRODUCT

The recalled cheese may also have been sold in bulk 5-gallon and 2-gallon buckets and repackaged under other brand names, including KESSO, QUESOS LA RICURA, IZALCO, DE MI PUEBLO and RIO LINDO.

Maryland health officials suspended the dairy’s license on May 30 because of the public health risk.

Listeria can cause fever, severe headache, stiffness, nausea, abdominal pain and diarrhea. The bacteria can be especially dangerous for young children, older adults, pregnant women and people with weakened immune systems. In pregnant women, listeria can cause miscarriage or stillbirth, according to the FDA.

CDC URGES PARENTS TO STOP USING NARA ORGANICS INFANT FORMULA AFTER THREE BABIES HOSPITALIZED WITH BOTULISM

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Consumers who purchased the recalled cheese should not eat it and should return it to the place of purchase in its original packaging for a full refund.

“Clover Hill Dairy board and staff members sincerely apologize for any inconvenience and hardships caused by this recall, and we sincerely hope to correct this problem as soon as it is safely possible,” the company said in the June 9 recall notice.

Clover Hill Dairy could not immediately be reached by FOX Business for comment.

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 Israeli company Bigger Picture is bringing back cinemas with artificial intelligence and technology, by transforming them into experiences that offer more than just a film and some snacks.

“The new generations are looking for places to socialize. After the pandemic, and with the rise of on-demand services, young people lost the main reasons to leave the house. So now they are searching for activities that allow them to meet other people, not just to do something, but to have an actual connection,” Amit Bohensky, founder and chairman at Bigger Picture, told The Jerusalem Post.

According to Bohensky, theaters are working hard to create this “social environment” that goes beyond the movie, but lack the technology to conduct a real analysis of what they need to do to offer these experiences.

Pushing cinemas to maximize their profits

“They are already situated in malls and commercial districts, sometimes even having bars where people can hang out after the movies. But they lack the technology to create digital profiles of their clients and offer them the services based on previous purchases, giving these venues the possibility of even larger margins,” Bohensky pointed out.

This is how Bigger Picture came up with the idea of offering venues a full platform that allows them not only to offer touchless experiences that can start from the moment the client parks the car, but also to conduct big data analysis of clients.

“We can offer cinemas a platform that gives their clients a barcode, an app, or something similar, and helps identify them. This makes purchases more seamless and allows venues to offer more variety in their services,” Bohensky explained.

Using AI to make cinemas great again

Bohensky explained to the Post that Bigger Picture is using AI to analyze not only client data but also data from shows and other cinemas to offer a scheduling strategy that maximizes profits and aims to ensure that most screenings are sold out.

“Sometimes we don’t understand why the model decides that a movie needs to be in a specific slot. And having a human do the tracing calculations to maximize scheduling efficiency is not worth it. With our AI model, we get reasoning over scheduling decisions and a real-time learning curve on mistakes,” said Bohensky.

“This is our strongest selling point and a unique feature that we are offering. The chance to analyze everything and make decisions using an AI model is something that I’ve only seen in our products,” Bohensky claimed.

Additionally, the company offers the platform without requiring server installation and provides IT support to its clients for all products, from app development and debugging to software malfunctions on their terminals.

“We unite all of our clients’ IT needs into one place, making a seamless experience for movie goers, and we also create many more touch points for the clients, which in place lets us have better tracking of their needs,” he concluded.

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The Trump administration moved Friday, June 12, 2026, to close a loophole that allows pharmaceutical companies to avoid Medicare drug price negotiations by making limited changes to existing medicines.

In a proposed annual rule, the Centers for Medicare & Medicaid Services (CMS) outlined a policy aimed at drugmakers that add active ingredients to an existing medication in order to keep it off Medicare’s negotiation list. The proposal also establishes the framework CMS will use to select the next 20 drugs and biologics for negotiation, with that list scheduled to be released by February 1, 2027, and negotiated prices taking effect in 2029.

For the pharmaceutical industry, the proposal could affect billions of dollars in future revenue. For seniors and taxpayers, it could expand savings under Medicare’s drug pricing program.

How the Loophole Works

Under the Medicare negotiation program, the government identifies the medicines that cost Medicare the most money and negotiates directly with manufacturers over pricing.

However, some companies have been able to avoid selection by reformulating existing products. By combining an original active ingredient with another ingredient, the revised product can sometimes qualify as a different medicine under current rules, even though the core drug remains largely unchanged.

Critics argue that the strategy allows manufacturers to delay negotiations and continue charging higher prices for years longer than intended.

In simple terms, Medicare may target a high-cost drug for negotiation, only to find that the manufacturer has introduced a slightly modified version that falls outside the program’s eligibility requirements.

Not a New Concern

Federal officials examined a similar policy last year but ultimately delayed implementation while conducting further review.

The issue is returning now because the upcoming selection cycle is the first that CMS must administer through a formal rulemaking process rather than informal agency guidance.

CMS previously indicated that combination and reformulated products would likely be addressed during this stage of the program’s development.

Why Timing Matters

The timing rules built into Medicare’s negotiation program create a significant incentive for manufacturers to keep products out of the system.

Current law generally requires Medicare to wait:

  • 7 years after approval for certain drugs
  • Up to 11 years for biologic medicines

before becoming eligible for negotiation.

Biologics — complex medicines often administered through injections or infusions — receive longer protection periods than traditional oral medications.

That extended timeline creates opportunities for manufacturers to introduce updated versions of existing products and potentially extend the period before Medicare can negotiate lower prices.

Drug Industry Pushback

Drugmakers argue the proposal could discourage legitimate innovation.

The industry maintains that improvements to existing medicines often provide meaningful benefits for patients and should not automatically be treated as the same product for negotiation purposes.

Manufacturers contend that applying negotiated prices to reformulated drugs could reduce incentives to invest in better versions of existing therapies.

The administration sees the issue differently.

Federal officials argue the proposal is designed to preserve the integrity of the negotiation program and prevent companies from using technical product changes solely to avoid government price negotiations.

Potential Savings for Medicare

The Medicare drug negotiation program was created under the Inflation Reduction Act of 2022 during the administration of President Joe Biden and has continued under President Donald Trump.

According to CMS, the first round of negotiations reduced prices on 10 medications by approximately 38% to 79%, generating an estimated $6 billion in annual savings.

A second round involving 15 additional drugs produced discounts reaching into the mid-80% range.

Closing the reformulation loophole could bring additional medicines into the program and potentially increase future savings for both Medicare and taxpayers.

Expansion Beyond Traditional Prescriptions

The program now extends beyond pharmacy-counter prescriptions.

Under CMS Administrator Dr. Mehmet Oz, Medicare’s negotiation authority also covers certain physician-administered medications reimbursed through Medicare Part B.

That expansion is significant because many of the highest-cost biologic treatments administered in medical settings are precisely the types of products most likely to be marketed in combination or reformulated forms.

Legal Challenges Likely Ahead

For now, the proposal remains just that — a proposal.

CMS will accept public comments before issuing a final rule.

The pharmaceutical industry has aggressively challenged Medicare’s negotiation program in federal court since its creation, and any final rule that closes the reformulation loophole is expected to face additional legal scrutiny and potential lawsuits.

The next major milestone will come with CMS’s selection of the next 20 drugs eligible for negotiation, a process that could become even more consequential if the administration succeeds in tightening the rules around reformulated medicines.

JBizNews Desk — Washington

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A beverage brand linked to Barron Trump has launched its first product, a Florida-inspired yerba mate drink.

SOLLOS Yerba Mate recently debuted a Pineapple + Coconut 12-pack priced at $39. The Palm Beach-based company, which says it was founded by “a group of close friends ages 19-23 who grew up living in South Florida,” is leaning into its Sunshine State roots, marketing SOLLOS as a drink for Florida’s outdoor lifestyle. 

The company marks the latest business venture tied to Barron Trump, the youngest son of President Donald Trump and a student at New York University.

“The launch went very well,” Spencer Bernstein, co-founder of SOLLOS, told FOX Business. “Spending more than a year refining the formula and creating over 100 iterations to the recipe was absolutely worth it.”

BARRON TRUMP LINKED TO BEVERAGE COMPANY BASED NEAR MAR-A-LAGO

Bernstein said early feedback has been strong, including from people who were initially skeptical.

“We’ve received very positive feedback about the taste of SOLLOS, even from people we expected to dislike it because of preconceived notions. We’ve proven that it’s a beverage everyone can enjoy,” he added.

Yerba mate – a caffeinated herbal tea popular in Brazil, Argentina, Uruguay and Paraguay – has gained traction in the U.S. as a coffee alternative.

“We believe yerba mate is the best source of caffeine because it is plant-based and provides a smooth, sustainable energy boost without the sharp spikes and crashes often associated with coffee and synthetic energy drinks. It’s also naturally rich in antioxidants,” Bernstein said. 

BARRON TRUMP’S BEVERAGE BRAND UNVEILS FIRST FLAVORS AHEAD OF LAUNCH

SOLLOS also recently reached another milestone, Bernstein said, earning USDA Organic certification.

“Most beverages on the shelf use stevia or artificial sweeteners like sucralose,” Bernstein said. “From the start, we’ve focused on using the highest-quality organic ingredients to make SOLLOS the great-tasting, functional beverage that it is.”

Filings submitted in January in Florida and Delaware show that Barron Trump is one of five directors of SOLLOS Yerba Mate Inc., headquartered just minutes from the Trump family’s Mar-a-Lago Club in Palm Beach. 

The company said its products will be sold online and at select retail locations across South Florida. It is also selling branded merchandise, including a sweatshirt, shorts, beach bag and hat.

BARRON TRUMP BUSINESS PARTNER CLARIFIES FUTURE OF LUXURY REAL ESTATE VENTURE: ‘WILL NOT BE RELAUNCHED’

SOLLOS was previously announced as a beverage brand designed to complement life in the “Sunshine State,” with branding centered on the sun.

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In July 2024, Barron Trump and two partners – including a former classmate – incorporated a real estate firm, Trump, Fulcher & Roxburgh Capital Inc., in Wyoming. The company was dissolved on Nov. 14, 2024, days after the presidential election.

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US President Donald Trump and Prime Minister Benjamin Netanyahu spoke on the phone on Sunday after Israel launched strikes against Hezbollah in Beirut, a source with knowledge of the matter told The Jerusalem Post.

Earlier on Sunday, Trump denounced the strikes.

“There should be no more attacks by Israel anywhere in Lebanon,” Trump said, “but there should also be no more attacks by any other party, including Hezbollah, against Israel.”

“This morning’s attacks should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran,” Trump wrote on Truth Social.

Trump added that, while Israel has the right to “defend itself against threats,” the threat it was defending itself against was “very small and meaningless.”

Trump concluded his message by mentioning the potential peace deal with Iran, which is expected to be signed on Sunday evening, saying: “This could be the beginning of a long and beautiful peace – Let’s not blow it!”

‘Bibi has no f***ing discretion’

Trump told Israel’s Channel 12 on Sunday that he was unhappy with the IDF’s strikes on Beirut and with Prime Minister Benjamin Netanyahu’s choices. 

“Bibi has no f***ing discretion,” he told the news outlet. “Why did [he] do this attack?” Trump also noted that he had conveyed his feelings to Netanyahu directly. 

“Hezbollah fired and hit the middle of nowhere,” Trump went on to say. “Nobody was hurt. And then he has to f***ing attack, and in Beirut. That made me very angry.”

Mohammad Mokhber, a former interim Iranian president and senior advisor to Supreme Leader Ayatollah Mojtaba Khamenei, warned Israel and the US, saying Tehran will make “no concessions” on defending Lebanon and anyone crossing Iran’s red lines will “learn a lesson” they regret.

IDF strikes Hezbollah command centers in Beirut’s Dahiyeh, hours before signing of US-Iran deal

The IDF conducted strikes in the Dahiyeh district of Beirut in response to Hezbollah fire toward Israeli territory, Netanyahu and Defense Minister Israel Katz confirmed on Sunday in a joint statement.

“Israel will not tolerate fire directed at its territory,” the statement said.

The strikes precisely targeted one of Hezbollah’s command centers located within Dahiyeh used by the terror organization to “advance terrorist attacks against the citizens of the State of Israel and IDF soldiers operating in southern Lebanon,” the military added.

According to Axios reporter Barak Ravid, the IDF notified CENTCOM shortly before conducting the strike.

Walla contributed to this report.

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US President Donald Trump confirmed that a peace deal between the US and Iran has been completed in a post on Truth Social on Sunday.

“The deal with the Islamic Republic of Iran is now complete,” Trump stated, adding his “congratulations to all.”

“I hereby fully authorize the toll free opening of the Strait of Hormuz, and, simultaneously herewith, authorize the immediate removal of the United States Naval blockade,” Trump continued.

In a subsequent post on Truth Social, Trump clarified that the Strait of Hormuz will be reopened to allow the transit of commercial vessels on Friday after the agreement is signed.

Trump’s announcement came shortly after Pakistani Prime Minister Shehbaz Sharif stated the deal had been reached in a post on X/Twitter.

“Both sides have declared the immediate and permanent termination of military operations on all fronts, including in Lebanon,” Sharif stated.

According to a Maariv report citing Israeli sources familiar with the matter, Prime Minister Benjamin Netanyahu told Trump that Israel would not consider itself bound to the stopping of military operations in Lebanon.

Sharif added that now that the deal has been agreed upon, mediators will facilitate a series of “pre-implementation discussions” this week to discuss further technical talks.

An official signing ceremony for the deal will be held on Friday in Switzerland.

Sharif thanked both the US and Iran for their “commitment to finding a diplomatic solution to the conflict,” and extended his appreciation to Qatar for their support in facilitating negotiations. 

Iran’s deputy FM says text of agreement will be released after signing

Iranian semi-official news outlet Tasnim reported that Iran’s Deputy Foreign Minister Kazem Gharibabadi stated that the full text of the agreement will be released after the official signing ceremony.

Gharibabadi also stated that after the deal is signed by both countries, a 60-day period of further talks will begin. The talks will cover topics including the termination of sanctions against Iran, Iran’s nuclear program, and the establishment of a mechanism to monitor the implementation of the deal’s terms.

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Can any of the new obesity medications in development stand out from the pack? Which company just broke records with its IPO? And will the Food and Drug Administration allow greater access to experimental peptides?

We discuss all that and more on this week’s episode of “The Readout LOUD,” STAT’s biotech podcast.

Undark’s Sara Talpos joins the podcast to discuss her reporting on the peptide BPC-157, and how it’s jumped from a Croatian lab to bodybuilding forums on Reddit to the FDA. (STAT co-published Talpos’ articles; the second piece was supported by the Pulitzer Center). We also discuss the latest news in the life sciences, including obesity data from the American Diabetes Association meeting and a record-breaking IPO.

Continue to STAT+ to read the full story…

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Ivan & Mike Team, a Compass-affiliated ultra-luxury real estate group serving South Florida’s high-end housing market, finished No. 19 among medium-sized teams by sales volume in RealTrends Verified’s 2026 rankings — recording $298.32 million in transaction volume during 2025.

Led by co-founders Ivan Chorney and Michael Martirena, the team has spent the past decade building a business focused on affluent buyers from Miami to Palm Beach.

While 2025 volume actually declined from the previous year, Chorney told HousingWire the market remained active despite a more challenging transaction environment.

“I think we had about [$50 million] more the year before,” he said. “I would say all in all, it was a transitional year. It was just a little more difficult to get deals done. You had all this tariff stuff going on and there were just many headwinds on various fronts. But that’s led into this year, which will end up being our best year ever.

“Obviously, you don’t have those numbers to report on yet, but I can tell you, come back next year at this time, and we’ll be significantly higher than we’ve ever been.”

Ivan & Mike Team was founded 10 years ago after Chorney and Martirena began working together in Miami Beach.

“We were at Sotheby’s, and I had been at Sotheby’s about six years,” said Chorney. “Mike had just been there around two years. A recruiter from Compass had been very persistent, as I’m sure you can imagine, and just kept following up with us. Then, COVID happened, and we had all this time to evaluate our business and see what would actually move the dial.

“We decided we would actually do that face-to-face meeting with the recruiter — and we saw Compass as looking to help us grow our business the most.”

That Compass affiliation became official roughly five years ago. Today, the team focuses on affluent buyers across all of south Florida’s luxury corridor.

Domestic wealth migration

South Florida’s housing market often generates conflicting headlines, but Chorney said conditions vary significantly by geography and price point.

“I think that’s the thing about Florida, it is always conflicting,” he said. “One thing can be happening in one part of the state and another thing can be happening in another part of the state. The majority of the wealth migration is to very South Florida — mostly southeast Florida — although, you’re getting some in Naples and then maybe a tad bit in Sarasota and Tampa. I think the majority is really the greater Miami metropolitan area.”

Chorney pointed to the continued influx of businesses and high-profile investors into the region.

“We’ve got all kinds of businesses moving their headquarters here,” Chorney said. “We’ve got people like Ken Griffin doubling down on Miami. That’s not only in his residential purchases, but in his commercial purchases and his development plans for offices, apartment buildings, condominiums and so on.”

That momentum has fueled activity among the highest end buyers.

“What it almost feels like is there’s a bit of [fear of missing out] amongst the upper elite,” Chorney said. “This has been the most active year we’ve ever had in the $10 million-plus segment of the market.”

He recalled a recent Palm Beach transaction in which a buyer moved aggressively to secure a property.

“The guy went to contract on an $18 million place in Palm Beach, and he hadn’t even been down to see it,” Chorney said. “He’s just like, ‘I have to get something, I have to get it now, and I need to reestablish my tax base in Florida.’”

Marketing for the ultra-luxury buyer

Asked what has helped the team maintain its position among the nation’s top-producing groups, Chorney said there is no universal blueprint.

“There’s no one recipe that fits everybody,” he said. “I think there’s many different lanes to get to the top. A key variable for us has been with our advertising. We do a lot of online leads, so we really focus on being at the top of SEO searches and AI. We’re working on all those different algorithms to make sure that when people do AI searches — ChatGPT or Claude or whatever, or just Google — that that we’re coming up in those searches.”

The firm’s strategy also includes extensive physical advertising throughout South Florida.

“You can’t go through [Miami neighborhood Brickell] without seeing our face,” Chorney said.” We had a huge billboard up on I-395 going over to Miami Beach. We call it reinforcement marketing, just to make sure we’re always top of mind. Then for Mike and I — as being really the two top performers on the team — it’s really all about delegation and continuing to challenge ourselves to reach higher price points.

“We said going into the season, we weren’t going to work on any potential buyer prospects under $5 million. For next season, it’s going to be $10 million.”

That focus on higher price points, combined with strong demand from affluent buyers relocating to south Florida, has helped propel the team to a top-20 national ranking.

And if Chorney’s outlook proves accurate, the firm’s record-setting year may still be ahead.

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WASHINGTON — President Donald Trump announced on Sunday that the United States and Iran have reached a deal to end their war, declaring on Truth Social that “The Deal with the Islamic Republic of Iran is now complete”  and ordering the Strait of Hormuz reopened to oil traffic. “Let the oil flow!” Trump wrote, saying he had authorized the toll-free opening of the strait and the immediate removal of the U.S. naval blockade .

The statement came minutes after Pakistani Prime Minister Shehbaz Sharif said the peace deal had been reached . Sharif, whose government mediated the agreement, said it includes the immediate and permanent termination of military operations on all fronts, including in Lebanon . The memo is being called the “Islamabad declaration,” and a signing ceremony is expected soon, with Geneva floated as a likely venue and Vice President JD Vance potentially attending .

The deal, if it holds, would end a conflict that has gripped the global energy market since the war with Iran started February 28 . Iran’s effective closure of the Strait of Hormuz — the channel through which about a fifth of global energy flows — choked off supply  and sent prices on a months-long climb.

Brent crude broke $100 a barrel in March , and U.S. WTI crude briefly spiked as high as $117.63 during one of Trump’s reopening deadlines — its highest settlement since June 2022 . Analysts estimated the war had added nearly $30 to the price of every barrel , and FGE NexantECA’s Fereidun Fesharaki warned that a prolonged near-closure could push oil to $150 to $200 .

The pain reached American drivers. The national average for a gallon of regular gas sat near $3.94 early in the war  before climbing past $4.50 in recent weeks, according to AAA .

Reopening Hormuz is meant to reverse that. Each time a truce looked likely, prices fell hard. Brent dropped more than 10% in a single session on an earlier breakthrough, settling near $100.37, while WTI crashed to $88.85 , and gasoline futures fell more than 10% below $3 a gallon when Iran briefly reopened the strait in April .

For the broader economy, cheaper oil works like a tax cut. Economists estimate a sustained 10% drop in oil reduces headline inflation by roughly 0.4 percentage point , giving the Federal Reserve more room to consider rate cuts after a year in which the war undercut its progress against inflation.

Markets had already begun pricing in peace. On Friday, oil sank more than 3% and U.S. stocks rebounded after Trump signaled a breakthrough, with futures for the S&P 500, Dow and Nasdaq all rising .

Relief may still be uneven. Patrick De Haan of GasBuddy has cautioned that pump prices are slow to recover even after a war ends , and some traders noted the gap in oil supply could take months to close . Tankers that have sat idle, insurance markets, and shipping routes all have to normalize before barrels move freely again.

Political risk also lingers. Israel was not included in the negotiations , and Israeli strikes in Lebanon in recent days had threatened the agreement . Trump said the strikes on Beirut “should not have happened” and called on all sides to stand down .

For now, the message from the White House was aimed squarely at the oil market. After more than three months of war, record-high pump prices and whipsawing markets, Trump’s order to reopen the world’s busiest oil-shipping channel set up the prospect of cheaper energy heading into summer — provided the ships, and the barrels, actually start moving.

JBizNews Desk
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COLUMBUS, Ohio — Bath & Body Works is in the middle of a high-stakes makeover aimed at a generation that never grew up shopping its mall stores, and the effort is beginning to show results just as the company reshuffles its top finance position.

On Friday, June 12, Chief Financial Officer Eva Boratto stepped down to become CFO of drug distributor Cencora, with company veteran Tom Javitch taking over as interim CFO.

The leadership change comes just two weeks after the retailer reported first-quarter results on May 27 that exceeded its own guidance and helped send the stock up roughly 14%, providing early evidence that its strategy to attract younger consumers may be gaining traction.

The strategy has a name: the Consumer First Formula.

Launched in late 2025 by Chief Executive Officer Daniel Heaf, who assumed the top role in May 2025, the initiative aims to make the brand more relevant to younger shoppers through updated products, modern marketing, and expanded distribution channels.

Following the first-quarter earnings release, Heaf struck a measured tone.

“Our results exceeded guidance, but remain below the standard our brand is capable of delivering,” he said.

The numbers offered encouragement.

First-quarter net sales totaled $1.38 billion, down 3% from a year earlier, but adjusted earnings of $0.32 per share exceeded Wall Street expectations.

Net income rose to $183 million, up from $105 million a year earlier.

The company also reaffirmed its full-year outlook and projected approximately $600 million in free cash flow.

That matters because Bath & Body Works has faced challenges in recent years, including removal from the S&P 500 and a prolonged decline in its share price.

Perhaps the clearest example of its push toward younger consumers is its expansion onto Amazon.

The company launched its first authorized Amazon U.S. storefront on February 20, 2026, and executives say the platform is already attracting the customers they are targeting.

Management told investors the Amazon channel shows “a meaningful skew toward younger and more affluent consumers,” while also generating higher average selling prices than the company’s own channels.

For a retailer historically built around in-store fragrance testing and impulse purchases, the shift is significant.

Heaf has argued that the traditional distinction between digital and physical retail is rapidly disappearing.

The company is also targeting younger consumers through college campuses.

After entering approximately 600 campus stores in 2025, Bath & Body Works has expanded to more than 1,000 locations through multi-year partnerships.

The initiative provides low-cost exposure to students while allowing the company to gather insights into younger consumer preferences.

Chief Merchandising Officer Betsy Schumacher said the goal is to help students “make their dorm rooms feel more like home.”

Marketing has also been redesigned for the social media era.

The company recently relied on influencers and podcast advertising to promote its White Barn Neutrals candle collection, which grew approximately 20% during the first quarter and attracted a younger customer base.

The creator-focused approach is expected to expand across the company’s stores, digital properties, and future product launches.

Physical stores remain central to the strategy.

The retailer’s new Gingham+ store concept, designed primarily for off-mall locations, includes scent bars, wider aisles, and a calmer shopping environment intended to encourage browsing and product discovery.

There are signs the brand is reconnecting with younger consumers.

A recent Piper Sandler survey of approximately 6,500 teenagers ranked Bath & Body Works as their favorite fragrance brand and one of their top beauty destinations, marking its first top-10 finish in that category since 2018.

Meanwhile, the company’s My Bath & Body Works Rewards program has reached a record 38 million members, providing a substantial base of repeat customers.

The broader business case is straightforward.

Fragrance products, candles, and personal-care items are often viewed as affordable luxuries—small indulgences consumers continue purchasing even during periods of economic uncertainty.

If Bath & Body Works can attract a customer through Amazon, a college campus, or a social-media campaign at age 16 or 20, it potentially gains a customer for decades.

The challenge is execution.

Expanding through Amazon and third-party channels can create pressure on margins and brand positioning, both of which have historically been strengths for the company.

To offset those costs, Bath & Body Works has launched its Fuel for Growth initiative, a cost-reduction program targeting approximately $250 million in savings over two years.

With a new finance chief taking the reins and early signs of momentum emerging, the company’s bet is clear: win over the next generation of consumers now and reshape how Bath & Body Works reaches customers for years to come.

JBizNews Desk — Retail

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LAKEWOOD, N.J. — Dime Community Bank opened the first branch in its 162-year history located outside New York State in Lakewood, following Apple Bank into one of the fastest-growing markets in New Jersey.

Dime, founded in 1864, opened at 500 Boulevard of the Americas. Apple Bank opened its Lakewood branch in April 2025 at 140 East Kennedy Boulevard, its third location in New Jersey. Both now operate alongside national lenders already established in the township, including TD Bank and JPMorgan Chase.

More banks may soon follow.

“More banks are flirting with Lakewood now and looking to open up here as well,” said Duvi Honig, founder and CEO of the Orthodox Jewish Chamber of Commerce. “We are proud of our achievements.”

The draw is a population growing faster than anywhere else in the state. Lakewood recorded the largest population increase of any municipality in New Jersey between 2010 and 2020, expanding 45.6%, according to U.S. Census data. The Census Bureau estimated the township’s population at 141,985 residents in 2024, making it the fourth-most-populous municipality in New Jersey. Ocean County has also ranked among the nation’s faster-growing counties.

Behind that growth is one of the highest birth rates in America. Lakewood posted a birth rate of 36.1 births per 1,000 residents in 2023, the highest of any municipality in New Jersey and more than three times the statewide average of 10.9. The township recorded 5,420 births in 2024, more than any municipality in the state and approximately 5.3% of all births in New Jersey, exceeding Newark’s 3,895 births and Jersey City’s 3,842 births. Nearly half of Lakewood’s residents are under age 18.

That young and expanding population sits atop a substantial commercial economy. According to federal economic data, Ocean County generated approximately $31.7 billion in economic output during 2024, up from roughly $24 billion in 2020.

The Lakewood Industrial Park, one of the largest industrial complexes in New Jersey, spans more than 2,000 acres and approximately 200 buildings. The complex is associated with more than 10,000 jobs and approximately $2 billion in annual business activity, while serving as Lakewood’s largest commercial taxpayer.

Commercial growth has accelerated alongside residential expansion. Steven Reinman, Lakewood’s director of economic and industrial development, has described the township’s transformation into a major corporate and professional hub fueled by substantial Class A office development. Commercial real estate brokerage Avison Young reported that Ocean County maintained a 5.8% office availability rate, among the lowest in New Jersey.

Major employers continue to anchor the local economy, including Church & Dwight, which manufactures household brands such as Nair and Orajel at its Lakewood facility.

For banks, the attraction is straightforward: a rapidly growing population, large families, active real estate development, thousands of small businesses, and a significant nonprofit sector generate ongoing demand for deposits, mortgages, commercial lending, and treasury management services.

Dime, a New York State-chartered bank with approximately $15 billion in assets, cited Lakewood’s expanding commercial base in selecting the township for its first location outside New York. Apple Bank similarly pointed to the area’s growing residential and business communities when it entered the market last year.

State leaders have also recognized the region’s economic importance. In 2018, State Senator Robert Singer introduced legislation designating the second Monday of May as New Jersey Economic Development Day. The initiative originated with the Orthodox Jewish Chamber of Commerce and Duvi Honig and was signed into law in 2019, creating an annual statewide focus on economic growth, business expansion, and job creation.

Local officials expect the expansion to continue, pointing to an Ocean County population that could eventually surpass one million residents, with Lakewood serving as a principal driver of that growth.

For now, Dime’s arrival — following Apple Bank’s move into the township last year — reinforces what an increasing number of financial institutions already see: Lakewood has become one of New Jersey’s most attractive banking markets, and the next bank announcement may not be far behind.

JBizNews Desk

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Approximately half of the US refueling aircraft currently stationed at Ben-Gurion Airport are expected to be relocated to Israel Air Force bases to reduce the risk of flight disruptions during the summer travel season, Maariv learned on Sunday.

Additionally, parking spaces at other airfields, including Megiddo, will be cleared for use by the Israel Air Force.

The operation is being managed by National Security Council Director Shmuel Ben-Ezra, and the relocation plan is expected to be finalized in the coming days.

The aircraft are anticipated to remain at Ben-Gurion Airport at least until the end of 2027. However, their presence, along with the US military personnel required to operate them, has already caused significant logistical challenges for the airport.

Ben-Gurion Airport operating at one-third capacity 

In May, the Israel Airports Authority reported that Ben-Gurion Airport was operating at one-third of its capacity due to the presence of the US refueling aircraft. 

Sharon Kedmi, the director general of the authority, stated on KAN’s Reshet Bet radio station that 70% of activities at the airport are restricted due to the space and resources occupied by American military operations. “We are only utilizing one-third of the airport’s operational capacity,” he said. “We are at the limit of our capabilities. There will be flights that we will announce in the coming days that are being canceled.”

Kedmi also noted that in the past two months, the authority has suffered a loss of 700 million shekels (approximately $248 million), and this figure could escalate to billions if the situation continues.

Emergency evacuation plan

In preparation for the potential signing of a US-Iran agreement to end the war, Ben-Gurion Airport was reportedly ready to facilitate an emergency evacuation of the US aircraft. 

Israeli authorities were informed last month that, upon approval of the agreement, US military planes will leave the airport immediately. The evacuation is designed to occur within 72 hours to nearby bases in Europe, and, should the conflict escalate, the aircraft would be placed on high alert at Ben-Gurion Airport.

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On Friday, the U.S. Department of Housing and Urban Development (HUD) published a document with a proposed rule aimed at spurring more multi-story manufactured housing supply. 

The rule would expand the definition of a manufactured home and support multi-story manufactured housing construction. It would further permit upper-level sections to be transported and assembled without a permanent chassis. 

By supporting multi-story construction, the proposed definition would provide manufacturers with more design flexibility, which could expand housing options and lower production expenses, HUD argues. 

This proposed rule, if enacted, would complement a provision in the U.S. House of Representatives’ revised 21st Century ROAD to Housing Act that would eliminate the permanent chassis requirement for manufactured housing. 

A steel chassis can cost anywhere from $5,000 to $10,000. Eliminating that expense could significantly reduce the cost burden for manufactured housing.

Congress originally instituted the permanent steel chassis mandate as part of the National Manufactured Housing Construction and Safety Standards Act of 1974. The requirement was originally intended to provide structural support and safety during transportation, but housing advocates argue that the permanent requirement is a costly addition that is typically unnecessary after a home is delivered. 

Reporting from Pew found that only 5% to 7% of manufactured homes are moved once they are delivered, indicating that the permanent chassis requirement isn’t necessary for the overwhelming majority of units. 

“For the purposes of a manufactured home, the term “chassis” means the entire transportation system comprising the drawbar and coupling mechanism, frame, running gear assembly, and lights. A chassis is defined in the regulations…as the entire transportation system comprising the following subsystems: drawbar and coupling mechanism, frame, running gear assembly, and lights,” the HUD document noted. 

A piece of the affordable housing puzzle

About 7.2 million U.S. households live in manufactured housing units, representing 5.4% of the nation’s occupied housing stock. However, new manufactured home production is down substantially from peak levels seen in the 1970s, and many Americans have negative — and often outdated — perceptions about manufactured communities. 

Still, at a time when housing is out of reach for so many Americans, manufactured housing is increasingly viewed as one of many solutions to the nation’s affordability gap. 

According to the Manufactured Housing Institute, new manufactured homes sell for less than a third of the price of site-built homes. 

HUD Secretary Scott Turner agrees that manufactured housing can play a key role in the nation’s housing supply. 

“America needs more housing, and manufactured housing is part of the solution,” Turner said in an announcement. “We are removing unnecessary barriers, encouraging innovation and helping American manufacturers deliver more affordable housing options for American families.

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Beef prices continue climbing across the United States as the nation’s cattle inventory falls to levels not seen in generations.

According to the U.S. Department of Agriculture’s annual cattle inventory report, released January 30, 2026, the nation’s cattle herd totaled 86.2 million head, the lowest level since 1951.

The breeding herd stood at 27.6 million beef cows, the smallest since 1961.

Record Prices Reach Consumers

The supply shortage is increasingly visible at grocery stores.

Average ground beef prices have climbed above $6.70 per pound, setting new records.

Retail beef prices are roughly 20% higher than a year ago and approximately 72% above January 2020 levels, when ground beef averaged about $3.88 per pound.

At the farm level, cattle prices in April were nearly 18% higher than a year earlier.

Years of Pressure on Ranchers

The shortage reflects years of challenges across the cattle industry.

Extended drought conditions throughout portions of the Great Plains and Southwest reduced grazing opportunities and forced ranchers to sell breeding stock earlier than planned.

Higher interest rates during 2024 and 2025 increased financing costs for cattle producers.

At the same time, rising feed expenses and higher fuel costs further squeezed margins.

The result has been a smaller national herd and reduced future production capacity.

Recovery Will Take Years

Unlike other agricultural products, cattle require years to rebuild.

Even if ranchers began expanding herds immediately, additional supply would likely not reach grocery stores in meaningful quantities until 2028 or later.

Industry groups have repeatedly warned that rebuilding the breeding herd is a slow biological process that cannot be accelerated quickly.

USDA Sees More Tight Supply Ahead

The USDA expects beef production to decline again during 2026.

At the same time, pork and poultry production are projected to increase.

The agency forecasts a key cattle benchmark price averaging approximately $240 per hundredweight, about 7% higher than 2025 levels.

Analysts expect retail beef prices to remain elevated throughout the year.

Meat Processors Feel the Pressure

The cattle shortage is also affecting meat processors.

Tyson Foods, one of the nation’s largest meat companies, reported an operating loss of approximately $143 million in its beef segment during the first quarter of 2026.

With fewer cattle available, large processing facilities operate below capacity while paying higher prices for livestock.

The challenge affects much of the industry.

Consumers Shift to Alternatives

Many households are responding by purchasing less beef, choosing less expensive cuts, or switching to alternative proteins.

Chicken and pork remain significantly more affordable in comparison and continue attracting budget-conscious shoppers.

For now, economists and industry analysts agree on one point: meaningful relief is unlikely until the national cattle herd begins rebuilding.

And according to USDA projections, that process remains years away.

JBizNews Desk — Washington

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

There is a voter I keep meeting. He did his army service, or his son did, or both. He votes Right and always has. He believes Torah and the rifle belong together, the way the hesder yeshivot (programs that braid Talmud study with combat service) have insisted for two generations. And he has no party that he feels represents his values and ideals.

He will not vote Likud because the party he trusted spent this Knesset shielding haredi (ultra-Orthodox) draft evasion to keep its coalition alive. He will not vote for Bezalel Smotrich, who built his career on the national-religious service ethos and then let his party advance a Torah-study Basic Law that dresses up the same exemption. And he will not follow Naftali Bennett into Beyachad (“Together”), because Bennett owns the draft issue but sold it in a package with Yair Lapid, and that price is too high.

Too Right for the opposition, too betrayed for the coalition, too principled for the far Right. Call him the “homeless Right.” The data says there are at least six seats for him, and that he, not the slogans, decides the next election.

The numbers are not soft. A Channel 12 poll this spring found that 42% of Likud’s 2022 voters are no longer firmly committed to the party, and only 58% say they will definitely vote for it again. The instinct is to assume that they drift rightward, toward Smotrich or Itamar Ben-Gvir. They do not. Just 4% say they would move further Right. The exit is real, and it does not lead where the coalition assumes.

The one conviction the political market refuses to sell 

What unites these voters is one conviction the political market refuses to sell them. Roughly 60% of Israelis, veterans and first-time voters alike, say it will not back a party that preserves the current haredi exemption. For the national-religious voter, this is not policy. It is a body count. His community served, and it buried its sons at a rate the yeshiva world did not. He has run out of patience, and no party on offer matches his conviction with its conduct.

This is why he is decisive, and the math is brutally simple. The blocs have been frozen for months, the coalition stuck at around 50 seats and the Zionist opposition at around 60, neither side touching the 61 it needs. In a parliament that locked, the homeless seats are the only liquid votes left. They determine whether the right reassembles a majority or whether the deadlock hardens into another round of paralysis.

The leverage does not end on election night. The new right-wing efforts now circling these voters share one feature: a refusal to commit in advance to either camp. A party of six that pre-commits to no one is, in a 50-against-60 Knesset, the kingmaker. That is not a rhetorical flourish. It is the most concrete form of decisive there is.

So where is the party? This is the part the polls cannot show you. The demand is settled. The supply is a swarm. There are individuals and groups weighing a run, some with their names already in the papers, many more moving quietly, and a sizable share of them waiting to see what becomes of Netanyahu and his party before they move. The homeless Right is not waiting for a platform. It is waiting for a founder, and the founders are waiting on each other and on the prime minister. Demand certain, supply contingent.

Vacuums under this much pressure do not stay empty

That is the honest catch, and it belongs in this analysis rather than out of it. A bloc can be decisive in potential and inert in practice. These voters have told every pollster what they believe, and then parked their support, for now, with the very parties that betrayed their beliefs. Conviction has outrun behavior. The home has not been built.

But vacuums under this much pressure do not stay empty. The first credible entrant who is genuinely of the Right, clean of the extremists, free of Lapid, and willing to make haredi enlistment the whole campaign rather than a talking point, likely clears the field. Which is precisely why no one wants to move first and get it wrong.

The coalition is betting these voters come home out of habit and fear. The opposition is betting they can be rented through Beyachad. Both bets misread the man I keep meeting. He is not undecided. He is unrepresented. The seat that learns the difference will govern.

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Twelve people reportedly died in a plane crash on Sunday in Butler, Missouri, the state highway patrol said on social media.

The Missouri State Highway Patrol said the crash occurred near the Butler Memorial Airport.

“At this time reports indicate all occupants (12 total) have perished,” the agency wrote in a post on X/Twitter.

The plane that crashed was a Pacific Aerospace 750XL, a single-engine turboprop that is popular for skydiving, the Associated Press noted.

The plane was taking people to skydive, Patrol Sergeant Justin Ewing told the media.

Emergency responders received a call at approximately 11:30 a.m. that the plane was down and engulfed in fire, Ewing added, calling the scene “brutal.”

“It landed in a field adjacent to the airport, but I think they’re shutting down the roadway just as a precaution,” AP cited Ewing as saying.

Butler is about 60 miles south of Kansas City, Missouri.

This is a developing story.

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Amid Yair Lapid’s criticism over the premier’s handling of security as the country faces escalating tensions with Iran and Hezbollah, the opposition leader’s spokesperson confirmed to The Jerusalem Post on Sunday that no security meeting between the two leaders had been held since April. Under Knesset law, the prime minister is required to update the opposition leader on state matters “as necessary, and no less than once a month.”

Lapid sharply criticized the emerging US deal with Iran and on Sunday said that, if the reports of the deal were correct, it “would be one of the most shocking failures of Israeli foreign and security policy, and it would be entirely on Netanyahu’s account.”

“No press conference and no media spin or AI-generated video will conceal the failure,” Lapid said.

No productive strategy behind Israel’s attacks on Iran

He has said that there was no productive strategy behind Israel’s attacks on Iran, arguing that the country was failing to achieve its military objectives while continuing to draw its citizens into repeated rounds of conflict.

Lapid outlined various points on Sunday that he said were related to Netanyahu’s failures.

He said that Netanyahu “sold the Americans an overly optimistic scenario without fully presenting the risks involved, and lost their trust in the middle of the war.”

Lapid added that Netanyahu “failed to establish a professional team to work with the various power centers and decision-makers within the American administration,” and “failed to persuade the Americans to strike Iran’s oil and energy facilities and did not secure the issue in advance.”

The prime minister also failed to convince the Americans to include Iran’s ballistic missile program in the agreement, or even in the negotiations, Lapid said.

He added that Netanyahu had “underestimated the importance of freedom of navigation through the Strait of Hormuz.” Although “the possibility that the Strait could be closed was raised before the war,” Lapid said, “no serious discussion was held on the matter.”

He further argued that Netanyahu “failed to consider the implications of rising oil prices in the United States just months before congressional elections,” as well as the consequences of lifting sanctions and “injecting tens of billions of dollars into the Iranian economy under the supervision of the Islamic Revolutionary Guard Corps.”

Additionally, Lapid blamed Netanyahu for failing to account for the possibility of attacks on Gulf states’ energy facilities and did not successfully leverage Israel’s ties with Gulf countries to bring them into a joint campaign.

‘We changed the Middle East.’ 

“He [Netanyahu] continues to tell everyone: ‘We changed the Middle East.’ The problem is that due to negligence, arrogance, the absence of an appropriate professional team, and judgment influenced by other considerations, he changed it for the worse,” Lapid said.

“The emerging agreement does not achieve any of Israel’s war objectives. The regime survives, the missile program remains intact, and Iran is able to rebuild its nuclear program,” he added.

“This is a complete failure by Netanyahu, and on the way, he is turning us into a client state that receives instructions regarding its own national security,” he added.

With upcoming elections currently scheduled for October, Lapid has vowed that the next government would have a “historic role: to repair the damage caused by Netanyahu’s inability to turn military achievements into strategic successes.”

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The Palestinian Authority will hold presidential elections in 2027, the PA’s official WAFA agency reported on Sunday.

PA President Mahmoud Abbas announced the elections, adding that he is expected to issue a decree calling for elections to the PA’s legislative council, which would be scheduled for November 2026.

This is a developing story.

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Two IDF soldiers were wounded after Hezbollah rockets were launched at their post in southern Lebanon on Sunday, the military announced. 

One was lightly wounded, and the other was moderately wounded, during activity at the Ali Taher Ridge, per the IDF.

They received medical treatment in the field and then were evacuated to receive further treatment in an Israeli hospital. 

Both soldiers serve in the IDF’s 7th Armored Brigade’s 77th Battalion, which operates as part of the IDF’s 36th Division.

This is a developing story.

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Fourteen people were arrested for violence and disorder while protesting an Israeli real estate event in London’s Edgware United Synagogue on Sunday.

The Met Police confirmed that a total of 14 arrests were made: five for violent disorder (one person also arrested for assault on an emergency worker); six for Section 4a Public Order Act offenses (four of those for racial or religiously aggravated matters); one for Section 18 Public Order Act offenses; one for assault on an emergency worker, and one for common assault.

The anti-Israel protest had congregated at the synagogue after learning of the planned Great Israeli Real Estate Event, which they claimed involved selling off properties in the West Bank, and therefore, in “occupied territory” (they cited the areas of Ma’aleh Adumim and Gush Etzion).

The protests against the event were coordinated by the Palestine Solidarity Campaign (PSC), Jewish Bloc for Palestine UK, and International Centre of Justice for Palestinians, which served a formal legal notice to Edgware United Synagogue, warning it of reputational and legal risks.

‘Organisers are using a place of worship as cover for potentially criminal activity’

PSC said that the fact that “the event has been relocated to a synagogue is disturbing, suggesting that organizers are using a place of worship as cover for potentially criminal activity.”

Then, on Friday, over 100 UK lawmakers wrote to the foreign secretary calling for the event to be canceled, saying that it was “firmly embedded in Israel’s project of colonial expansion by facilitating the sale of land that has been stolen from Palestinians.”

Allegations are ‘motivated by anti-Israeli and terrorist supporters’

My Home in Israel, which organized the event, said that all properties being marketed were located within Israel’s internationally recognized borders and that allegations of West Bank land being sold at the event were “motivated by anti-Israeli and terrorist supporters.”

Ultimately, the event went ahead, but not without significant counterprotest.

Police estimated that around 1,000 demonstrators and counterprotesters were involved, and officers of the Met, as well as Community Security Trust, were required to separate the two groups.

Hundreds of Jewish residents, joined by groups including Stop the Hate, worked to create a human barrier to stop the pro-Palestinian activists from reaching the synagogue itself. They were mostly successful. However, a protester from the Jewish Bloc for Palestine UK managed to infiltrate the event and interrupt it with chants before being escorted out by attendees.

Pro-Palestinian protesters outside could be heard chanting, “Zionists watch your back; we will be coming back.”

Adrian Cohen, the acting president of the Board of Deputies of British Jews, said he was “deeply disturbed at the wholly unjustified protest.”

“The event organizers have publicly refuted claims that the event is marketing real estate over the Green Line.”

“Protesting at a synagogue based on false pretenses seems to be little more than an excuse to harass and intimidate members of the Jewish community,” he said.

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Two helicopters crashed in Rio de Janeiro, Brazil, on Sunday, and American singer Oliver Tree, 32, was among the dead, local authorities confirmed.

According to local media, six people were killed, with Argentine YouTuber Gaspar Prim Díaz, 23, most known by his alias Gaspi, also among the dead.

The incident happened in the neighborhood of Recreio dos Bandeirantes, in the western area of the city, at 9 a.m. local time (12:00 GMT), when the helicopters crashed mid-flight.

One of the helicopters crashed inside a parking lot of a commercial district, destroying some 20 cars parked in the site, according to Rio’s rescue services.

The crash also produced several fragments that flew towards buildings in the area, with authorities reporting only material damage to windows and no more people wounded on the ground.

Oliver Tree, Gaspi among the dead

Tree, most known for his hit songs “Life Goes On” and “Miss You,” was in Brazil headlining a world tour for his fourth studio album.

He rose to fame in 2018 with his EP “Alien Boy,” with the song’s music video reaching 50 million views.

In 2020, his songs went viral when used in TikTok videos around the world, with “Life Goes On” featured in 3.7 million videos since its release and “Miss You” used 1.5 million times.

On the other hand, Gaspi was an Argentine influencer with almost 3 million YouTube subscribers, known for creating viral videos centered on street interviews.

According to Brazilian authorities, Argentine video producer Lucas Vignale was also among the dead.

This is a developing story.

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The IDF killed senior Hezbollah commander Ali Musa Daqduq in a precision strike in southern Lebanon, the military announced on Sunday. 

According to the statement, Daqduq held various senior positions within Hezbollah, including as bodyguard to then-Hezbollah secretary-general Hassan Nasrallah, head of the terror group’s infantry unit, and founding commander of the “Golan Terrorist Network.”

The “Golan Terrorist Network” is the terrorist unit responsible for Hezbollah’s involvement in Syria and the established military infrastructure along the Israel-Lebanon border. The network was exposed by the IDF in 2019.

Daqduq orchestrated many of Hezbollah’s operations against IDF soldiers and the State of Israel, primarily near the border with Lebanon.

Leiter announces death of senior Hezbollah terrorist before IDF publishes confirmation

Israel’s Ambassador to the US, Yechiel Leiter, announced the assassination of Daqduq before the IDF statement was officially released.

According to Leiter, Daqduq was responsible for carrying out the kidnapping and murder of five US soldiers in 2007 and managing Hezbollah’s “Golan Portfolio” plan to invade and take over northern Israel.

Who was Ali Musa Daqduq?

Daqduq joined Hezbollah in early 1983, The Jerusalem Post previously reported.

He was sent to Iraq in 2005 after Iran asked Hezbollah to form a group to train Iraqis to fight coalition forces in the country. He helped train and advise the terrorists in Jaysh al-Mahdi, now known as Asa’ib Ahl al-Haq. Daqduq was behind bloody attacks against Western troops in Iraq in 2006 and 2007, including the attack that killed five US soldiers.

He was captured by the British SAS in Basra in March 2007 and spent five years in prison. He was released by the Iraqi government in 2012 despite strong protests from Washington. He was designated by the United States Treasury Department that year for his role in the attack.

Anna Ahronheim contributed to this report.

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US Senator Mitch McConnell was admitted to the hospital Sunday morning, a spokesman said in a statement.

McConnell’s spokesman, David Popp, did not elaborate on why the Republican lawmaker from Kentucky was hospitalized or provide an update on his condition. He said in a statement that McConnell “is receiving excellent care.”

Two of McConnell’s neighbors told Reuters they saw the senator on a stretcher being loaded into an ambulance around 9 a.m. ET outside his Washington, D.C. home.

McConnell, 84, is a former Senate majority leader who helped steer Republicans’ legislation and appointees through Congress. He announced last year that he would retire when his current term ends in early 2027.

He has struggled publicly with health issues in recent years, including freezing up while speaking to reporters in 2023. He was hospitalized for eight days in February after experiencing flu-like symptoms.

This is a developing story.

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A year after Operation Rising Lion, we must ask: was the 12-day conflict between Israel and Iran as historic as it once seemed? At the time, Israelis were awoken in the early hours of the morning with emergency alerts on their phones. No one knew what was happening, nor why. However, having endured war since October 7, 2023, many were steeled for the conflict ahead. Soon, the news broke that Israel had carried out strikes against Iran.

Israel’s decision to strike Iran’s nuclear program is one of those “waiting for Godot” moments. It had been discussed for decades. In fact, it was such common knowledge that there had been mock discussions at Israeli universities about what would happen the “day after” Iran got a bomb. Israel’s prime minister had spent decades preparing for this eventuality, and even went to the UN with a cartoon drawing of a nuclear bomb with a red line.

The big question was not if, but when. US administrations had lurched back and forth on this topic. Some had sought ways to delay an Iranian bomb, via either technological means or a deal.

However, it was far easier to discuss scenarios than it was to actually do something. The nuclear program in Iran was well-known; the sites associated with it had become common knowledge, and we all heard about them via the media. Iran was often presented as being only a few weeks or months from breaking out a bomb.

Post-October 7 talk about the Iranian nuclear program

After the Israel-Hamas War began, there were continued discussions about the Iranian nuclear program. As it turned out, while Israel was focused on Iran, Hamas was the larger and more impending threat. Hamas was not viewed as a serious threat in most security circles.

The Iranians, meanwhile, had chosen to enrich uranium in response to US President Donald Trump leaving the nuclear deal during his first term. By 2024, the discussions were not about enrichment, but weaponization. Now, talks center on Iran’s ballistic missile and drone threats. Iran has used hundreds of ballistic missiles and long-range drones in its attacks on Israel in 2024.

Because of that, there were suddenly questions about whether the nuclear program was the main threat. After all, hundreds of ballistic missiles also posed a credible threat to Israel’s security. This was another example of how the laser focus on Iran’s nuclear program had led to Israel letting its guard down on other security threats.

When Operation Rising Lion was launched, Israel had the support of the Trump administration. The Iranian attacks in 2024 had proven that Israel’s new ties with US Central Command and other countries would help detect and intercept Iranian threats.

June 2025 inspired even more confidence. Iran’s ally, Hezbollah, was weakened in 2024. The Assad regime had fallen, and Hamas was similarly weakened.

Operation Rising Lion led to important achievements against Iran and its nuclear program. However, several goals didn’t pan out. Claims of myriads of missile launchers and launching sites being destroyed proved either to be too optimistic or outright false.

In fact, the problem Israel has faced since October 7 is a tendency toward optimism and a lot of premature claims of victory. For instance, just months after October 7, the IDF already claimed that Hamas was largely defeated in Gaza.

Israel also exaggerated its gains against Hezbollah and the Houthis, and it showed a similar tendency towards Iran. For instance, there were several claims in 2024 that Iran had suffered setbacks to its ballistic missile program because its “planetary mixers” had been destroyed.

The same hubris would return during Operation Roaring Lion in 2026, when there were claims that Iran could no longer enrich uranium or produce ballistic missiles. Iran, however, has always shown that it can find ways to rebuild its programs.

Operation Rising Lion was important because it has apparently clipped the wings of Iran’s nuclear program. The problem is that after the apparent victory in June 2025, the war in February 2026 occurred in response to purported ballistic missile threats.

The war in February and March was waged for a second reason: to push for regime change. Unfortunately, this didn’t pan out. 

Now, the conflicts with Iran present a new problem, because they have entered a familiar pattern Israel has seen on other fronts. This includes a series of extended conflicts and managing said conflicts amidst diminishing returns.

Air warfare has, historically, not won wars. Enemies can’t be bombed into submission. Israel knows this. It fought a decade-long conflict in Syria called the Campaign Between the Wars against Iranian entrenchment. Yet, the entrenchment remained, and Iran moved weapons to Hezbollah until the Assad regime was overthrown in December 2024. 

Israel has since shifted to carving out a buffer zone in Syria. In the early days of the new government, Israel resorted to bombing Syria. Iran was subsequently removed from Syria, but the bombings continued despite the new government that appeared more amenable to Israel. This shows that, even when a regime falls, it doesn’t necessarily result in peace or even a change in Israeli policy.

A grueling war that didn’t appear to have a clear strategy

The US has entered the picture to address the conflicts on Israel’s borders. The Trump administration got the Gaza deal that brought home the hostages. This helped end a grueling war that didn’t appear to have a clear exit strategy. The US also helped with ceasefires in Lebanon.

Currently, the Trump administration has become increasingly agitated with Israel’s strikes on Beirut. Iran, as a result, is trying to tie the conflict in Lebanon to itself. This means that a year after Operation Rising Lion, the region has shifted from a narrowly tailored conflict in June 2025 to a broad conflict stretching over thousands of miles.

The US and Israel’s strikes on Iran in February 2026 likely hope to replicate June 2025’s success. However, without a narrower scope and a clear, obtainable objective, these strikes have led to regional uncertainty. 

There was also controversy over talks of a Kurdish offensive in Iran. Iran is a large country, and the bombing campaign sought a large number of Iranian targets. Eventually, this led the US to threaten to attack bridges and other infrastructure. This kind of mission creep is the opposite of what has tended to win conflicts, such as the Gulf War in 1991 and the Six-Day War.

This means that Operation Rising Lion may be seen as a chapter in a long war, rather than a decisive conflict. There were rounds of strikes against Iran in 2024, and 2025 could be considered a second round. The latter is still important, as it weakened Iran’s nuclear program.

Now, the challenge is to see if the US will agree to a new deal and seek to remove the enriched uranium from areas that were bombed in 2025. As such, Operation Rising Lion was an usher for what comes next. History will judge whether it was particularly important or a step on the road to a broader strategy. 

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Iran’s national soccer squad left their Tijuana base camp to a rousing sendoff on Sunday, with supporters lining five-deep on a packed sidewalk outside their hotel on the eve of their World Cup opener against New Zealand in Los Angeles.

Fans, pressed against green wire fencing, chanted “Team Melli” – Persian for “national team” – as the players emerged from the hotel and walked towards the waiting bus.

Staff in red Iran shirts had distributed small Iranian flags through the fencing to the assembled crowds, and they waved them furiously when the team emerged.

Many of the players, dressed smartly in navy blue polo shirts and beige trousers, waved and smiled at those who had gathered, while some members of the delegation took video of the scene with their phones.

One supporter held a yellow sign with black lettering reading “Iran, you will never walk alone. Mexico stands with you.”

‘Iran, brother, you are Mexican now’

A young boy perched on someone’s shoulders clutched the official Panini FIFA World Cup 2026 sticker album, open to the Iran squad page.

At one point, the crowd sang in Spanish, “Iran, brother, you are Mexican now.”

Iranian soccer federation President Mehdi Taj stood outside the hotel as the players left with many of the supporters following the bus down the street as it drove away.

The Iranian community in Tijuana is tiny – around 20 people – and much smaller than that of Los Angeles, which is home to the largest Iranian community outside Iran.

Tens of thousands of Iranian-Americans live in LA, where a distinct diaspora often referred to as “Tehrangeles” has taken root.

Coach Amir Ghalenoei and striker Mehdi Taremi are scheduled to take part in a press conference at Los Angeles Stadium at 6:45 p.m. ET (2245 GMT).

Members of the Iranian-American community have planned to gather near the Los Angeles Stadium later on Sunday to protest what they called the Iranian government’s ongoing human rights abuses.

Iran moved their World Cup base camp from a sports complex in Arizona to Mexico late last month after the US and Israel conducted joint strikes on Iran ​beginning in late February.

This is the first ‌World Cup ⁠since its inception in 1930 in which a host nation is set to receive a country with which it is at war.

Monday’s Group G fixture against New Zealand at Los Angeles Stadium will be played against the backdrop of the US war with Iran, adding a charged atmosphere to ​a contest between two nations that have never met at the World Cup.

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ÉVIAN-LES-BAINS, France — The annual G7 Summit opens Monday in Évian-les-Bains, France, running June 15–17, a day later than the June 14–16 dates originally announced.

French President Emmanuel Macron’s office, which holds the 2026 G7 presidency, said the change followed “consultations with G7 partners.” A senior White House official described it more directly, saying other leaders “kindly shifted dates to accommodate the U.S. President’s schedule.”

That president, Donald Trump, turns 80 years old on Saturday and is spending the day hosting a UFC event at the White House.

France never officially linked the schedule change to the event, and Macron’s office declined to do so. However, officials familiar with the planning said the original summit opening fell on Trump’s birthday, June 14, the same day he had long planned to host the mixed-martial-arts event on the South Lawn. Rather than compete with it, Paris pushed the summit back by one day.

Trump is now expected to depart for France late Sunday following the event and arrive in time for Monday’s opening session.

The scheduling adjustment reflects broader tensions facing the group.

The United States, France, Germany, Italy, Japan, the United Kingdom, Canada, and the European Union are gathering at one of the most challenging moments for the alliance in recent years. Trade disputes, Middle East instability, and growing disagreements over artificial intelligence policy dominate the agenda.

The most immediate concern remains the closure of the Strait of Hormuz.

Following fighting involving the United States, Israel, and Iran earlier this year, Tehran shut the strategic shipping lane through which a significant portion of the world’s oil supply normally passes. The disruption has contributed to higher fuel prices, supply-chain challenges, increased shipping and fertilizer costs, and renewed inflation concerns across global markets.

Several European leaders continue to express frustration over the handling of the conflict and are expected to raise those concerns during summit discussions.

Trade remains another major flashpoint.

Trump has maintained tariffs on a range of European imports, creating friction with key allies. Canadian Prime Minister Mark Carney, who hosted last year’s summit, recently described the current environment as a period of global economic disruption rather than a routine transition, reflecting growing divisions within the group.

Artificial intelligence could produce some of the summit’s most significant debates.

European leaders have pushed for stronger oversight of major AI companies, including scrutiny of their growing energy consumption. The Trump administration has generally favored a lighter regulatory approach.

In a sign of AI’s increasing geopolitical importance, Macron invited OpenAI CEO Sam Altman to participate in portions of the summit. Executives from Anthropic and Google are also expected to attend select discussions.

Several high-profile meetings are planned on the sidelines.

Trump is expected to meet with Ukrainian President Volodymyr Zelensky and continue discussions aimed at securing a broader agreement to end the Iran conflict and restore stability to global energy markets. U.S. officials also indicated that securing reliable supplies of critical minerals used in advanced technology, defense systems, and semiconductor manufacturing remains a top priority.

For Macron, the summit represents a test of whether the G7 can still serve as an effective forum for addressing major global challenges.

The European Union will be represented by European Commission President Ursula von der Leyen and European Council President António Costa, while Japanese Prime Minister Sanae Takaichi will attend her first summit as a national leader. France has also invited several non-member nations, including India and Brazil, to participate in portions of the discussions.

The delayed start may have solved a scheduling conflict, but it does not resolve the deeper divisions facing the group.

Trump has previously left G7 gatherings early, and whether leaders can reach meaningful agreements on energy, trade, and artificial intelligence before the summit concludes may help determine the direction of the global economy through the remainder of the summer.

Washington — JBizNews Desk

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Get ready to make some content. A new TikTok-friendly exhibit has opened at Edge NYC’s sky deck at 30 Hudson Yards. The largest transformation of the observation deck since opening in 2020, the colorful, immersive indoor exhibit includes seven installations of moving color, sound, and light that lead to the city’s highest outdoor deck. Created in collaboration with design studios Moment Factory, SOFTlab, and Journey, the multi-million-dollar exhibit “brings the magic of the skyline indoors,” including New York City’s largest kaleidoscope, a “room with four interactive zones filled with endless reflections and vibrant colors, where every angle reveals a completely new view.”

Located 100 stories above the city, Edge NYC offers views from over 1,100 feet up, making it the highest outdoor sky deck in the Western Hemisphere. The deck is 7,500 square feet, complete with a glass floor.

The indoor experience begins on the fourth floor and takes guests through several immersive experiences before leading guests to the iconic outdoor observation deck.

Opening weekend is being ushered in with events and activities, including face painting, meditation, live performances, and a sunset DJ set. Tickets start at $49.

“The next era of Edge will take guests beyond the view,” Andrew Lustgarten, executive chairman of Hudson Yards Experiences, said.

“We’ve created a multi-layered, immersive indoor-outdoor entertainment destination where exceptional hospitality, food and beverage offerings, and experience make every visit feel like a once-in-a-lifetime New York City moment.”

A release detailed the seven installations:

PRISM: “Begin the journey at Edge NYC on Level 4 by passing through an ever-evolving prism that transforms iconic New York City imagery into shifting colors, patterns, and perspectives.”

PULSE: “Enter an interactive light installation where 450 glowing, color-changing orbs respond to guest movement.”

SKYRISE: “Ride a cinematic elevator that uses visuals and sound to simulate rising 100 floors above Manhattan in under 60 seconds.”

REFLECTIONS: “Walk through a two-level space of 200 spinning mirrored panels that track your movement and trigger responsive light shows.”

KALEIDOSCOPE: “Move through four kaleidoscope zones in one immersive room, including NYC’s largest kaleidoscope, where light, color, and original music shift around you continuously. Interactive photo spots and evolving patterns uniquely designed for morning, afternoon, sunset, and night ensure no two visits look the same.”

CRYSTAL CAVE: “Step beneath a 25-foot canopy of oversized crystals — transparent, reflective, and alive with color — that interact with light in unexpected ways from morning to night. Daytime visits may reveal rainbows scattering across the floor, while after dark, an immersive light show transforms the cave into one of the attraction’s most striking moments.”

INFINITE CITY: “Explore 18 large-scale illuminated columns inspired by New York City skyscrapers, where mirrored and translucent surfaces reflect the surrounding skyline and respond to your movement with waves of color and sound through daytime or nighttime visits.”

The new permanent exhibit isn’t the only new addition to the experience. Tao Group Hospitality has been brought in for the reopening of Peak with Priceless, a restaurant on the 101st floor.

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Iran will never have a nuclear weapon, US Secretary of Defense Pete Hegseth told CBS News on Sunday. 

“What I would say the president has been most clear about is that Iran will never have a nuclear weapon – never, full stop,” Hegseth said.

He went on to discuss the reports currently circulating about the deal, stating that some of the details that have come out publicly “are completely wrong.”

 “It’s performance-based,” Hegseth stated. “No money will be released to Iran until they perform.”

“There’s no trust here, and we are going to verify everything,” he added. “Nuclear material will be destroyed and removed, and the nuclear program will be dismantled.”

Details on the Iran nuclear deal

Earlier on Saturday, a senior Iranian official informed Reuters that, under a final draft memorandum of understanding with the United States, Tehran agrees not to produce or acquire nuclear weapons.

In his original announcement of the deal, posted on Truth Social on Thursday, US President Donald Trump listed several countries in the region that had approved the agreement, including Israel, Saudi Arabia, and the UAE. Pakistan and Qatar, both of which have been involved in mediating negotiations between the US and Iran, were also mentioned.

Until a final deal is reached, Iran has agreed to not maintain the current nuclear status quo, which includes refraining from uranium enrichment and expanding nuclear facilities.

Danya Saperstein contributed to this report.

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WASHINGTON, June 11 — The 2026 midterm elections are on pace to become the most expensive political advertising cycle in American history, according to a new projection released on Thursday, June 11, by advertising analytics firm AdImpact.

The firm estimates candidates, political parties, campaign committees, and outside groups will spend a combined $11.6 billion on advertising during the 2026 cycle.

If realized, the total would exceed spending during both the 2022 midterm elections and the 2024 presidential election, marking the first time a midterm cycle has generated more advertising spending than a presidential race.

Spending Accelerates

The projected $11.6 billion total would surpass the $8.9 billion spent during the 2022 midterms by roughly 30%.

It would also exceed the estimated $11.2 billion spent during the 2024 presidential election by approximately $400 million.

AdImpact said political spending had already reached nearly $4 billion by June 1, representing a 46% increase compared with the same point in the previous cycle.

The company also revised its forecast upward by nearly $800 million, reflecting stronger-than-expected early advertising demand.

Key States Driving Growth

Several major battleground states are attracting significant early spending.

According to AdImpact, high-profile races in California, Texas, Michigan, and Ohio are drawing campaign dollars months earlier than in previous cycles.

California is expected to lead the nation in total spending, with approximately $1.1 billion projected across its expensive media markets.

With control of Congress at stake, competitive races are attracting unprecedented financial attention from both parties and outside organizations.

Media Companies See a Windfall

The spending boom represents a major revenue opportunity for media companies.

Traditional broadcast television remains the dominant platform and is projected to receive approximately $5.6 billion, nearly half of all political advertising spending.

That figure is more than $300 million higher than AdImpact’s previous estimate.

Connected television platforms—including streaming services viewed through smart televisions—are expected to capture approximately $2.6 billion, making them the fastest-growing segment of the market.

Cable television is projected to receive $1.4 billion, while digital platforms such as Google, Facebook, Snapchat, and X are expected to attract approximately $1.6 billion.

Record Spending Across the Ballot

The growth extends beyond marquee races.

AdImpact projects Senate campaigns will spend approximately $2.8 billion, surpassing the previous record set during the 2024 cycle.

House races are expected to reach $2.2 billion, marking the first time congressional House spending has exceeded $2 billion.

Lower-profile state and local contests are also expected to surpass previous records.

Campaigns increasingly purchase advertising earlier in the cycle to secure inventory and avoid escalating prices closer to Election Day.

Biggest Spending Still Ahead

According to AdImpact, between 58% and 67% of total election-cycle advertising spending typically occurs between August and November.

October alone can account for as much as one-third of all political advertising expenditures.

For voters, that means months of campaign ads across television, streaming services, social media platforms, and digital devices.

For broadcasters, streaming companies, technology platforms, and advertising firms, it means one of the largest revenue opportunities in years.

Regardless of political outcomes, the business of elections continues to grow at a record pace.

JBizNews Desk — Washington

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NEW YORK — Bitcoin has taken a severe hit from its record highs, and some market analysts believe the downturn may not be over.

As of Friday, June 12, the world’s largest cryptocurrency was trading around $63,300, up less than 1% on the day but substantially below levels seen earlier in the cycle.

Speaking at the BTC Prague conference, André Dragosch, Head of European Research at Bitwise Asset Management, warned that Bitcoin could fall another 20%, potentially reaching approximately $48,000 in a worst-case scenario.

The decline has been significant.

Bitcoin has fallen roughly 28% from its May peak near $82,000, briefly dropping below $60,000 before recovering into the low $63,000 range.

Viewed over a longer timeframe, the pullback is even more dramatic.

The cryptocurrency reached an all-time high of approximately $126,000 in October 2025, meaning it now trades at roughly half its peak value.

The broader trend since last fall has been decisively lower.

According to Dragosch, the primary driver of the decline has been persistent outflows from Bitcoin investment funds.

He pointed to approximately $2 billion in weekly outflows from Bitcoin exchange-traded products, investment vehicles that allow investors to gain exposure to Bitcoin through traditional brokerage accounts.

That level of selling pressure is equivalent to roughly 50,000 Bitcoin entering the market over a short period.

Notably, Dragosch said large corporate buyers, including Strategy, have largely maintained their accumulation programs, suggesting the pressure is coming primarily from fund redemptions rather than institutional buyers abandoning the asset.

The weakness has extended beyond Bitcoin.

In a recent research note, Bitwise reported that Bitcoin touched a cycle low near $58,000, while Ether, the second-largest cryptocurrency, fell to approximately $1,507, its lowest level in more than a year.

The firm described Bitcoin as the “canary in the macro coal mine,” reflecting its tendency to react quickly to shifts in investor sentiment and broader economic conditions.

That characterization appeared timely as technology stocks also came under pressure, with the Nasdaq experiencing a sharp selloff during the same period.

Dragosch outlined three key support levels that traders are closely monitoring.

The first sits near $61,000, a long-term average price level that has historically attracted buyers.

Below that is approximately $56,000, representing the average purchase price of many current holders.

The final major support zone is around $48,000, which reflects the average cost basis of long-term investors.

Dragosch described that level as the market’s “maximum pain scenario.

If all three support zones fail, he believes Bitcoin could ultimately test the $48,000 range.

Other analysts remain cautious as well.

Alex Thorn, Head of Research at Galaxy, recently said Bitcoin may not have reached its ultimate bottom.

According to Thorn, only four of thirteen historical indicators typically associated with major market bottoms have been triggered.

Galaxy’s research suggests Bitcoin could potentially fall into a range between $40,000 and $46,000 before the current cycle fully resets.

There are, however, some early signs that selling pressure may be easing.

Dragosch noted that Bitwise’s proprietary bottom-detection model has started moving higher in recent weeks.

At the same time, he cautioned that blockchain data has not yet reached the extreme levels often associated with major market capitulation.

In simple terms, the market may be moving closer to a bottom, but analysts do not yet see definitive evidence that the decline has ended.

Not everyone is bearish.

Matt Hougan, Chief Investment Officer at Bitwise, continues to maintain a constructive long-term outlook.

Hougan argues that Bitcoin’s fundamental scarcity remains unchanged.

With a maximum supply capped at 21 million coins, he believes the long-term investment case remains intact despite short-term volatility.

As Hougan recently noted, “there is good news underneath the surface,” even if investors have not yet seen it reflected in prices.

That debate—between short-term selling pressure and long-term scarcity—is now at the center of the Bitcoin market.

For everyday investors, the lesson is clear.

Bitcoin remains one of the most volatile major financial assets in the world.

The same exchange-traded funds that made cryptocurrency easier for mainstream investors to buy can also accelerate selling when sentiment shifts.

The key level now is $61,000.

If Bitcoin holds above it, fears of a deeper selloff may begin to fade.

If it breaks below, traders will quickly turn their attention to the next support levels further down.

JBizNews Desk — Markets

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Haredi (ultra-Orthodox) activists protested on Jerusalem’s Bar Ilan Street on Sunday, Israel Police confirmed.

Police and Border Police officers attempted to disperse the crowd, who were blocking traffic and threatening to damage construction work on Jerusalem’s Light Rail expansion.

“Dozens of rioters began blocking traffic routes and public buses with their bodies, significantly disrupting the routine of life in the area and putting road users at risk,” the police said.

The officers attempted to disperse the protesters in order to facilitate reopening traffic and avoid damage to nearby infrastructure.

This is a developing story. 

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ALEXANDRIA, Va. — A federal judge refused on Friday, June 12, to take the government at its word that a controversial $1.776 billion fund is finished and ordered the Justice Department to put its position in writing.

U.S. District Judge Leonie Brinkema, of the Eastern District of Virginia, extended her block on the so-called “Anti-Weaponization Fund” and gave the administration seven days to support its claims with sworn declarations.

During a court hearing, Brinkema repeatedly said a verbal promise was not enough.

Acting Attorney General Todd Blanche had told Congress the department had no plans to move forward with the fund, but the judge said that testimony did not guarantee the program was truly dead.

She ordered Blanche and Treasury Secretary Scott Bessent to submit signed, sworn statements confirming the fund will not proceed.

What raised the judge’s concerns was the president himself.

After Blanche testified that the fund was not moving ahead, President Donald Trump publicly said he liked the concept and wanted to compensate people he believes were victims of government “weaponization.”

Brinkema pointed to the difference between the department’s testimony and the president’s public comments as a reason to demand stronger assurances.

For taxpayers, the size of the fund is what makes the case significant.

The proposal would direct nearly $1.8 billion in public money to individuals claiming they were politically targeted by the government.

Exactly who would receive those funds remains at the center of the dispute.

The proposal stems from a legal settlement tied to a lawsuit Trump filed against the Internal Revenue Service over the disclosure of his tax returns.

The settlement established a pool of money intended to compensate alleged victims of government persecution through a five-member board.

Critics quickly labeled the proposal a “slush fund.”

Opponents, including watchdog organizations and police officers who defended the U.S. Capitol on January 6, 2021, argued that the money could ultimately benefit Trump allies and individuals charged in connection with the Capitol riot, many of whom have indicated they would seek compensation.

The proposal generated criticism from both Republicans and Democrats.

The Justice Department has argued the lawsuits challenging the fund should be dismissed because no actual program has been implemented.

Government attorneys told the court that no money has been transferred, no board members have been appointed, no operating rules have been created, and no claims have been submitted.

They described the dispute as both “moot and premature,” arguing the fund never became operational and may never exist.

The department also rejected allegations of political favoritism, calling such claims speculative.

Not all judges have been persuaded.

Earlier this week, in a separate case in Washington, U.S. District Judge Richard Leon declined to issue an emergency order blocking the fund after accepting Blanche’s representation that the administration would not move forward.

Even so, Leon delivered a warning to government attorneys.

Don’t play possum with this court,” he said.

The message was clear: if officials attempt to revive the fund after assuring judges it was inactive, they could face significant legal consequences.

The litigation continues on multiple fronts.

At least four separate lawsuits seek to stop the fund.

One was filed by a former January 6 prosecutor.

Another came from U.S. Capitol Police officers.

In a notable development, 35 former federal judges asked a court to reopen the underlying case, arguing the settlement resulted from collusion and amounted to a fraud on the court.

There is also another issue keeping the financial debate alive.

The federal government already maintains the long-established Judgment Fund, a separate mechanism used to pay taxpayer-funded settlements.

That fund predates the current administration and remains available regardless of what happens to the Anti-Weaponization Fund.

Critics argue similar payments could still potentially be made through that channel.

For now, the immediate question is straightforward but important.

Will the Justice Department and Treasury Department submit sworn statements declaring the fund is permanently abandoned?

Brinkema’s deadline gives the administration one week to answer.

If the statements are filed, the legal battle over this version of the fund could begin winding down.

If not, the judge’s doubts about whether the program is truly dead are likely to intensify.

JBizNews Desk — Washington

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The first annual Thai Festival in Israel was held on Friday, marking 72 years of Israeli-Thai diplomatic relations and highlighting Thailand’s culture, cuisine, traditions, and art.

“Today we are celebrating the 72-year anniversary of Thailand-Israeli diplomatic relations,” Thai Ambassador Boonyarit Vichienpuntu told attendees at the event, adding that the Thai government only holds the festival in major cities such as London, Paris, New York, Tokyo, and Mexico City. 

“We’re bringing the Thailand festival here because you are special. I promise that next year we will bring it again and again. It’s going to be an annual event for Israel,” he said.

Held at the D-One Conference Hall in central Israel, the festival brought out hundreds of attendees.

Thai musical and dance performances were staged both inside and outside the venue. Muay Thai practitioners also performed demonstrations of their martial art.

The event also featured performances by Thai transgender dancers, referred to in Thailand as kathoey, as well as a station where attendees could receive Thai massages. Concession stands were also set up where event-goers could purchase authentic Thai snacks.

First Thai Festival begins in central Israel with a moment of silence for Thailand's Princess Bajrakitiyabha Narendira Debyavati. June 12, 2026. (credit: Courtesy)

Festival honors Thailand’s Princess Bajrakitiyabha after passing

The festival, though, kicked off after Thailand’s Princess Bajrakitiyabha Narendira Debyavati passed away at the age of 47 after spending more than three years in a coma.

In honor of the princess, the event began with a minute of silence.

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A group of masked individuals in Spain’s Basque region has vandalized six light rail trains belonging to the Spanish company CAF that were allegedly destined for Tel Aviv. The damage caused is likely to delay the trains’ arrival in Israel.

In early June, the attackers smashed the windows of the trains, which were being stored in the Navarre region, and sprayed them with red paint.

‘We did not remain passive’

In a statement, the group said, “We discovered where CAF stores the trams that are heading to Tel Aviv, because they were marked in Hebrew, and faced with that, we did not remain passive.”

A spokesperson for Israel’s Metropolitan Mass Transit System (NTA) said that CAF informed it about the incident “during which several carriages intended for the Purple Line were painted with anti-Israeli slogans and several windows were damaged.”

NTA said the damage was handled by the CAF company, including cleaning and replacing/repairing the glass.

@ynetnews

Pro-Palestinian vandals damage Israeli light rail cars in Spain Masked anti-Israel activists broke into a storage site in Navarra, smashed windows and sprayed graffiti including ‘Destroy Israel’ on cars meant for the Tel Aviv-area Purple Line, possibly delaying their shipment to Israel *** Masked vandals damaged light rail cars stored in Spain before their planned shipment to Israel, according to a report by the Spanish news site Noticias de Gipuzkoa. The incident occurred about a week and a half ago in the Navarra region of northern Spain, where the cars were being held before being sent to Israel for use in the Tel Aviv metropolitan area’s light rail network. According to the report, the suspects smeared red paint on the front of the cars and broke windows in what they described as a protest for “freedom, equality and justice for Palestine.” #Spain #Antisemitism #Trains #ynetGlobal

♬ original sound – Ynet Global

NTA said the incident has no impact whatsoever on the progress of the Purple Line project.

In September 2025, CAF was one of four Spanish companies listed in a United Nations report about 158 companies that carry out activities generating “human rights concerns” in the West Bank. The listing resulted from CAF’s involvement in the Jerusalem light rail construction project, which includes the construction of the Green Line tram as well as the extension of the existing Red Line tram, which partially runs through east Jerusalem.

Arab community makes up a significant share of tram users

CAF said at the time that it was “fully aware of the complex legal and ethical implications linked to the Jerusalem Project, in particular in relation to International Humanitarian Law and corporate responsibility,” and for this reason, carried out specific due diligence measures with three levels of intensity before taking on the project.

It also noted that the Arab community makes up a significant share of tram users and is the most frequent group of users.

In April 2026, a coalition made up of various Basque, Catalan, Spanish, and Palestinian institutions filed a complaint against CAF before the National Court, claiming the company aids “the occupation of Palestine.”

The organizations NOVACT, Comunitat Palestina de Catalunya, Committee of Solidarity with the Arab Cause, ODESCA, Peace with Dignity, and SUDS, represented by the Guernica 37 Center, admitted the case and announced that the Prosecutor’s Office had accepted it.

The Basque group Palestinarekin (Solidarity with Palestine) has been carrying out coordinated action against CAF in the town of Beasain for the last week. The Basque branch of the Boycott, Divestment, Sanctions movement will continue to gather at CAF-linked facilities in Zornotza, Irun, and Castejón in Navarre in the coming days.

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The latest round of confrontation with Iran once again demonstrates the determination of the regime not only to avoid capitulation, but also to continue fighting for its interests and national honor. 

Following the unexpected loss of Syria, the regime is making every effort to project control and coordination with its remaining proxies – Hezbollah in Lebanon, the Houthis in Yemen, and Shi’ite militias in Iraq. 

This coordination is intended to signal that despite the severe blows suffered by the “Axis of Resistance,” it continues to play a role in the struggle against the United States, Israel, and their allies.

Israel’s response so far has been that what has not been achieved through force will be achieved through greater force – unless, of course, US President Donald Trump stops it. One quote attributed to Prime Minister Benjamin Netanyahu during a cabinet meeting preceding the June 2025 attack on Iran (Operation Roaring Lion) was that “only force works, when they fear you.”

But what happens when force does not intimidate the enemy, as in the case of Iran, Hezbollah, and the Houthis? Then greater force is applied. 

This solution, as has already been demonstrated in conflicts with states and organizations driven by fervent religious or nationalist ideologies and determined not to surrender – a situation perceived by them as worse than death – does not produce a “final victory.” 

This happened to the Americans in Vietnam, Afghanistan, and Iraq; it happened to the Soviets in Afghanistan; and it will most likely happen to Putin in Ukraine as well.

So, is there a solution, and if so, what is it? 

The first step is recognition that conflicts of this kind do not end with a quick decisive blow. They take time. 

Second, there is a possibility that they will not end at all, but rather continue at varying levels of intensity. 

Yet there is a third path: adopting an indirect and covert approach that employs subversion and maneuvering to destabilize the enemy from within, to weaken it and, perhaps in the long term, even toppling it.

In practice, this method has been used mainly against Iran. The logic behind focusing on Iran is that a substantial blow to the heart (Iran) would also critically damage the limbs (the proxies).

For years, the Mossad operated both inside and outside Iran to sabotage its nuclear development – including assassinations of nuclear scientists. This framework also includes Mossad activity inside Iran and among the Kurds aimed at advancing regime change. 

Despite many tactical successes, the ultimate goals – preventing a nuclear Iran or toppling the regime – have not been achieved yet, partly due to an underestimation of the difficulty of the mission on the one hand, and an overestimation of Kurdish willingness to fight the regime on the other.

Thus, the objective should be to weaken the proxies – but by different means. In fact, the transformation that took place in Syria and led to its removal from the circle of proxies may serve as a case study, insofar as it was primarily the outcome of an internal process that began with the 2011 uprising, while Israel contributed by weakening the regime.

In other words, the process must be internal, with Israel assisting it through means tailored to each specific arena.

Confronting Hezbollah

The principal challenge is Hezbollah. As long as Israel occupies Lebanese territory there, it fuels the organization’s ideology, reinforcing its narrative as the “protector of Lebanon.”

Israel should assist the internal Lebanese process aimed at limiting Hezbollah’s power. The shift in Lebanese discourse regarding a settlement with Israel is dramatic, particularly since it is being led by the president and the government. 

This is a process that should enlist regional states along with the international community and its institutions, including the United States, the European Union, and the World Bank. 

Any effort to curtail Hezbollah’s power must encompass far more than simply disarming the organization and supplying more weapons to the Lebanese army; it requires a comprehensive, long-term political and diplomatic strategy.

Israel should persist in attempts to reach an agreement with the official Lebanese state, thereby driving a wedge between it and Hezbollah. 

An Israeli withdrawal from southern Lebanon could be quietly presented as conditional upon Hezbollah’s disarmament, thereby creating a “political horizon” for official Lebanon, while Shi’ites displaced from villages in the south would most probably apply pressure on Hezbollah. 

At present, the Lebanese army is incapable of disarming Hezbollah. To this end, it must be strengthened with manpower and advanced equipment. A combination of Western weaponry financed by Gulf money, together with training of units in Jordan or Egypt, could provide a viable solution. 

The ultimate goal is not merely to strengthen the army militarily, but to transform it into an institution capable of carrying out the basic functions of a state military controlling territory; a body trusted by both sides; and financially attractive to recruits (today, for example, a Hezbollah operative earns far more than a Lebanese soldier). 

The key constituency is the Shi’ite community, and the key figure is Speaker of Parliament Nabih Berri, leader of the Amal movement. Whereas Berri previously fully supported Hezbollah’s position, signs of fissures within the Shi’ite community are now emerging. 

This process should be strengthened to produce an attractive alternative to Hezbollah infrastructure. Israel and the international community can support this process by providing financial and logistical assistance for rebuilding the south, in contrast to what Hezbollah did with Iranian money after 2006. 

Hezbollah is not only missiles and weapons – it also consists of banks, clinics, subsidized supermarkets, schools, and more. The entry of the Lebanese state into this vacuum, in cooperation with Shi’ite actors outside Hezbollah, is the key.

Such an Israeli policy in Lebanon and Yemen would operate below the radar and would not provoke the antagonism generated by the overt and blunt use of military power. 

There is a strong likelihood that, in the long term, the results of such a policy would prove more beneficial from both Israeli and regional perspectives. Such a strategy could also help Israel reintegrate into the region after once again becoming a “pariah state.”

In this sense, “less force” may ultimately produce “more power” – but this time, diplomatically.

Prof. Elie Podeh teaches in the Department of Islamic and Middle Eastern Studies at the Hebrew University of Jerusalem, is a board member of Mitvim, and a member of the Coalition for Regional Security. 

Eitan Yishai is a PhD candidate at the Hebrew University, Head of the Middle East and North Africa Program at Mitvim, and a Lebanon expert.

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The Islamic regime detained 130 people accused of rioting during January’s protests and the war with Israel, Iranian media outlets reported on Sunday, citing the regime’s Intelligence Ministry.

According to the reports by IRGC-linked Fars News and semi-official Tasnim News, four people were arrested for “terror-affiliated groups” that worked in espionage operations with Israel and the US.

Additionally, 126 people were detained by the regime over “sabotage operations and rioting” during the January protests in Iran.

Khamenei pardons 139 people sentenced to death

Also on Sunday, experts told The Jerusalem Post that the Islamic regime’s supreme leader, Ayatollah Mojtaba Khamenei, pardoned 139 people who were sentenced to death.

The Iranian Student News Agency (ISNA) reported that detainees convicted of security-related offenses, espionage, actions against Iran’s internal or external security, and crimes threatening public security were not eligible for the pardon.

Iran’s police chief, Ahmadreza Radan, claimed last month that the regime’s security forces had arrested over 6,500 individuals accused of espionage since the war started on February 28.

Many of those who demonstrated during the January economic protests and the 2022 Women, Life, Freedom protests were also convicted of national security offenses and would therefore likely not qualify for the amnesty.

Danielle Greyman-Kennard contributed to this report.

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Dozens of families of those imprisoned by the Islamic regime for participating in the December demonstrations have been targeted by a series of costly fraud schemes, Dadban, a network of pro-bono lawyers and jurists that provides legal counsel, education, and support to political prisoners, protesters, and rights activists in Iran, claimed on Saturday.

A wife of one of the protesters detained in December, referred to as Mrs. M, told Dadban that she received a call from an unknown number. The caller claimed to be cooperating with the IRGC, and claimed she needed to pay 400 million tomans, nearly $300, to persuade the judge to grant her husband bail. The funds were not immediately available to Mrs. M, who was forced to raise the money and suffer “considerable hardship” in doing so, but were instead handed over to an individual at an established location. Once the payment was made, Mrs. M said the individual turned off their phone and disappeared, leading her to believe she had been the victim of fraud.

In another case reported on by Dadban, the sister of a detainee was contacted via Telegram about her brother’s case. The individual, who is understood to have had access to at least part of the case file based on confidential information he had in his possession, promised to have her brother’s charges reduced from espionage, which could lead to the death penalty, to a lesser charge for the price of 50 Bitcoin. In this case, the sister did not fall for the attempted fraud, according to Dadban.

In another reported case, several detainees were assigned a lawyer by the regime’s Criminal Investigation Department. When their families met with the lawyer for consultation and follow-ups on the case, he demanded several billion tomans in legal fees, claiming that through his special connections, he could secure the detainees’ release.

The fraudsters had access to private case information

Dadban noted that in many of the cases, the fraudster claimed to have close ties with judges, investigating magistrates, or other judicial officials and, in the majority of cases, had access to information not publicly available.

“These individuals possessed details that ordinary people could not have accessed,” the group confirmed. “This strongly suggests that they had access to at least part of the case file or had obtained information from within the system.”

The legal group stressed that depriving families of detainees of information about legal processes, their loved one’s well-being, and their cases makes these families more vulnerable. With the added emotional and psychological strain impacting their decision-making processes, fraudsters are taking advantage of families, some of whom have been forced to sell their homes to fund the scammer’s promises, the group asserted.

“There is little doubt that financial corruption exists within parts of Iran’s judicial and security systems. The more important question, however, is whether influential individuals are actually capable of interfering in national security cases and changing the course of legal proceedings in favor of the accused. This is a question that many families ask Dadban after receiving such deceptive offers, wondering whether paying these sums could actually make a difference,” the group stated.

Families of protesters hoped to sway legal proceedings 

Dadban confirmed it reviewed dozens of cases where families were promised an improvement in a detainee’s case, whether through changing the charges to a lesser crime or the granting of bail, but none of the payments have resulted in success.

Rebin Rahmani, a director at the Kurdistan Human Rights Network, confirmed to The Jerusalem Post that such scams are “very common, both for [the families of] political and non-political detainees.”

“Individuals often approach families claiming they can help secure a detainee’s release or reduce their sentence, and they ask for money in return. In many cases, however, they do not actually do anything meaningful,” Rahmani said.

“A common pattern is that people present themselves as intermediaries with judges, prosecutors, or other officials and collect money from desperate families based on promises of influence or special access. In practice, many of these promises never materialize, and the families lose significant amounts of money.”

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There’s good news and bad news. The good news is that, perhaps, the most pro-Israel administration ever is governing America at a time when the Jewish state is faced with its greatest existential threat.

So, what’s the bad news?

US President Donald Trump seems to be convinced that it is preferable to negotiate with Iranian mullahs, military hardliners, and Hezbollah terrorists rather than take them down once and for all. 

Who knew that in 2026, the thought of decisively defeating an enemy would be seen as uncivilized, relegated to a time when the act of killing evil men was the only way to resolve conflict?

Replaced by the more respectable negotiating table, today’s adversaries are expected to find enough common ground as each agrees to the invariable painful concessions needed to bypass the dreaded military option. 

Unfortunately, when one side is committed to the eventual annihilation of the other nation, or in this case, “nations,” any peace deal will, at best, be the purchase of more time to regain the advantage. But never underestimate their true intent! They will return with a vengeance to finish their long-awaited goal the moment they smell enough weakness.

That’s because Iran, run by the IRGC and a few extremist mullahs, is not Germany of the 1940s, captivated by a madman, without whom it would return to a sane country that could, once again, be trusted. 

Iran is not Nazi Germany

Behind today’s IRGC is a deep, inculcated belief system that has been propagated for nearly half a century, convincing the military and the ruling classes that an Islamic regime is the only path for all mankind, either voluntarily or by force. Anything else must be eradicated.

When that hard truth is internalized and fully understood, the negotiating table can be seen for exactly what it is – a mere band-aid to stop a gushing hemorrhage. 

Hezbollah terrorists, acting as Iran’s proxy fighters willing to do the heavy lifting when it comes to battling Israel, also have no reason to negotiate in good faith, because they, too, are fighting for the same cause – an Islamic caliphate.

These warriors do not go away after the talks are wrapped up. Nor do they abandon their religious aspirations, this time, ready to honor the commitments they made on what, to them, is a worthless piece of paper.

And anyone sitting across from them thinking that they will is simply delusional. 

If ever there was a time in history when a military battle had to be fought, it is now. When nuclear weapons are the coveted prize which, once attained, will be the ultimate coup for determining who controls the earth and all of its population, when has war been more imperative? 

We are literally at a critical point between deciding how we all live in the future – as free people or as coerced and enslaved captives? Choosing the negotiating table will only delay the inevitable bondage under which we will find ourselves. 

Negotiating serves to empower an enemy that was nearing defeat since it sends a clear message that the West no longer has the stomach for war. What other conclusion are we supposed to reach when each deadline is automatically renewed, extending more time for a deal that never materializes?

It’s gotten to the point that Iran and its proxies have gotten used to the idea that there is no such thing as a final deadline. It’s only a hollow threat that becomes an ineffectual warning, rendering the one making it to be viewed as the proverbial paper tiger.

When a leader becomes all bark and no bite, it provides the needed edge to an opponent who has come to realize that no harm will befall them. How did the world’s most formidable superpower succumb to that type of inaction?

IT’S NOT too difficult to construct the pieces responsible for the ideological change in how conflicts are resolved these days. As social constructs have made their way into our daily lives, we were told that anything seen as too aggressive should be avoided at all costs.

The toxic masculinity assertion, intended to force men to behave with more sensitivity, softness, and consideration, is what they were expected to do if they wanted to be worthy of feminine acceptance. 

Trans people had to be accommodated, at the expense of others, to avoid the transphobic label; geographic borders had to be erased, allowing for free movement, lest you risk the possibility of being called a xenophobe; and law enforcement had to overlook criminal behavior so as not to fall into the category of being the “bad apples” in the police force who were too heavy-handed in their dealings with lawbreakers.

In short, everything was designed to avoid conflict by simply lowering our standards, expectations, and forming opinions of right vs wrong. If that was the path which society was systematically taking, why would it not also spill over into the way that governments confront major threats?

That was when the negotiating table became the greatest asset, looked upon as a useful tool which would make war obsolete and killing barbaric. But here’s the dirty secret: that standard is a one-way street, solely intended for the upholders of freedom. It is not the option that would be used by the side that hopes to control the masses.

Their battle begins once you agree to abandon the need for war. Getting America to forfeit its defense, for the sake of temporary peace, is only the first step. They will wage war against anyone who refuses to bend the knee to Islam. No negotiations will take place as they strive to realize their objective of world dominance.

When violent terrorists believe that America has lost its appetite for war, no longer having the stomach to fight the bad guys, they will have achieved the beginning of real victory.

So, even as the secretary of war declares that America’s war machine is “locked and loaded,” without a commander-in-chief who gives the order to go to battle, the once-feared image will quickly wither away.

Because when you signal your reluctance to fight, as Trump has repeatedly done, it becomes clear that America no longer has the stomach for war. 

That’s music to the ears of terrorists who lucked out by being the bad guys in 2026!

The writer is a former Jerusalem elementary and middle school principal. She is the author of Mistake-Proof Parenting, available on Amazon, based on the time-tested wisdom found in the Book of Proverbs.

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Russia is bumping up its already intense recruitment campaign for soldiers as the war in Ukraine rages on. 

Signing bonuses pushed by the Kremlin are at an all-time high, some up to four times the national annual salary. However, with Ukraine launching mass drone attacks on Russian soil, recruitment numbers are trending negatively. 

The Kremlin’s drives for recruitment are down 20% this year, compared to years prior, Russian economic expert Janis Kluge wrote in April. She stated in June that the regional drive in Russia recruited approximately 71,216 soldiers in the first quarter of the year, as compared to 89,601 in the first quarter of 2025.

According to Ukrainian intelligence, cited by the Kyiv IndependentMoscow is now prepared to call up tens of thousands of soldiers for duty but is reportedly considering a vastly unpopular forced mobilization rather than increasing recruitment through other means.

What happened in the last partial mobilization? 

In 2022, Russia launched a wave of “partial mobilization,” drafting at least 300,000 soldiers. Some were lured in by promises of large signing bonuses and positions away from the front lines.

Some went under questionable circumstances. Russia launched a mass recruitment initiative in prisons, sending convicts to the front lines in exchange for pardons. Hundreds of thousands of draft-age Russian men fled the country.

But the Kremlin was able to withstand the blowback in 2022. Now, however, as the war enters its fifth year and as Russians grow more war-weary, dissent to a mobilization order could be harder to contain.

“If Russia does trigger military mobilization, it is a sign that the regime is under tremendous strain and is politically trapped,” Analyst at the Center for Strategic and International Studies (CSIS) Max Bergmann told the Kyiv Independent.

He told the Ukrainian outlet that it would be a “huge gamble for Putin, a bet that could put himself and his regime at risk.”

Notably, the Ukraine-Russia War is the first war in Russia’s history in which it has not technically imposed conscription, Nigel Gould-Davies, a senior fellow for Russia and Eurasia at the International Institute for Strategic Studies (IISS), wrote in a recent report.

Instead, the Kremlin moved to promising hefty bonuses, some more than four times the average annual salary. Ironic, seeing as Russia maintains that the war is still a mere “special military operation.”

But now, analysts like Gould-Davies believe that the Kremlin’s financial incentives are no longer working for younger Russians.

“There are signs that this incentive may no longer be working effectively, and that Russia has begun to lose more troops than it can recruit,” Gould-Davies wrote.

Will Russia be able to last the war in Ukraine?

Russia’s strategy so far has been to simply outlast Ukraine in a slow, grinding war. But now that one of its major advantages, its sheer manpower, is dwindling, analysts are unsure how Russia can keep up in the war. 

“Russian casualties have started to surpass the Russian recruitment rate as of late 2025, meaning that the Kremlin will need to recruit more personnel just to sustain ground assaults at the rate that Russia used to conduct in 2025,” Institute for the Study of War analyst Kateryna Stepanenko told the Kyiv Independent.

There have been countless reports of how Russian soldiers are mistreated on the frontlines. Ukrainian intelligence has released reports of Russian soldiers resorting to cannibalism after supplies ran low in the dead of winter in remote Ukrainian villages.

Some have been called back to combat with significant injuries, CNN reported in 2025.

But beyond that, Russia has reportedly lost around 1.2 million soldiers since the onset of the war in 2022, the CSIS wrote in January. The institute added that Russia is advancing only 70 meters per day at most, which it said is slower than most other campaigns in modern military history.

Some analysts believe that Putin will not risk a partial mobilization in the very near future for political reasons, despite the negative data. Mikhail Komin, an analyst at the Center for European Policy Analysis, told the Kyiv Independent that he only saw it happening in two scenarios. 

The first is a massive frontline crisis. The second would be a decision by Putin to “escalate the war to a new level for Russia, with the declaration of martial law, a full-scale shift of the economy to a war footing, the unleashing of provocations on the borders with NATO countries, and the buildup of combat units there for a potential invasion.”

Still, Komin told the Ukrainian outlet that if a mobilization were to occur, it would be widely unpopular among Russians. 

“Today, the backlash would be even greater (than in 2022), as war fatigue has increased, while the Kremlin has failed to explain to a significant portion of the population why this war is necessary and why it should be considered just,”  Komin said. 

Russia’s economy during the Ukraine war

On the Russian home front, the recruitment drive is causing a major economic issue for the Kremlin.

“It’s not just struggling to find people to go to the front,” Gould-Davies told CNN.  “They’re [Russia] struggling to find people to employ.

“The whole Russian economy is suffering from the most severe labor shortage in history.”

The Jerusalem Post previously reported that the Kremlin is spending up to half of its federal budget on the war.

Russia’s total expenses directly related to the war in Ukraine reached approximately 11.1 trillion roubles ($137.9 billion), Meduza, an independent Russian news outlet, reported. The Economic Ministry estimated Russia’s 2025 GDP at 217.3 trillion roubles ($2.7 trillion).

On top of this, Russians’ support for the war is reportedly wearing thin. Data from the independent Levada Center suggests that six out of 10 respondents believe that peace talks are necessary.

With the mounting war costs and dwindling support for the war, Russia faces a crossroads.

“The Kremlin will soon face a fundamental choice over whether to radically escalate its demands on Russia’s economy and society or to scale back its war aims,” Gould-Davies said.

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Michael Saylor, co-founder of Strategy Inc. (NASDAQ:MSTR), once acknowledged that his mother’s encouragement planted the belief in him that he could succeed in life.

The Story Of The ‘Best Paper Boy’

During the “When Shift Happens” podcast that aired May 21, Saylor recalled his first job as a paperboy in Dayton, Ohio, when he’d wake up very early in the morning to drop off newspapers.

He remembered there was a competition for the “best paper boy” in the city, and how his mother had encouraged him to participate.

“And she’s telling me, whispering my, ‘You’re going to do great things. You know, you’re going to conquer the world,” Saylor added.

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A Canadian teenager accused of stealing millions in cryptocurrency and financing a luxury lifestyle with the proceeds has pleaded guilty to money laundering charges in U.S.

What Happened

Trenton Johnston, a 20-year-old Canadian citizen, pleaded guilty Tuesday in federal court in Miami to one count of conspiracy to commit money laundering.

According to prosecutors cited by The New York Times, Johnston participated in a cryptocurrency fraud operation over a two-year period.

Court filings allege Johnston impersonated representatives from Google and cryptocurrency companies to gain access to victims’ accounts before stealing their funds.

Authorities say the proceeds financed an extravagant lifestyle that included luxury vehicles, jewelry, nightclub spending and private jet travel.

The Alleged Scheme

Homeland Security investigators said Johnston entered the U.S. from Canada …

Full story available on Benzinga.com

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Ethereum (CRYPTO: ETH) remained in a narrow range on Sunday, continuing a consolidation that has been going on in the past week. ETH was trading at $1,662, a few points above the year-to-date low of $1,510. Still, technicals and fundamentals suggest that it may be on the cusp of more downside.

Ethereum Price May Drop Further as Wall Street Sells

There are signs that US investors are rotating from the crypto industry and pumping their cash to the booming stock market. Data shows that spot Ethereum ETFs have continued experiencing substantial outflows this year.

These ETFs suffered a $4.95 million in outflows on Friday, bringing the weekly losses to $14.9 million. The funds have lost over $187 million in assets this month, bringing the year-to-date net outflows to $1.1 billion. 

The same is happening with Bitcoin (CRYPTO: BTC), whose ETFs have lost over $3 billion this year. 

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Ripple (CRYPTO: XRP) continued its strong downward trend last week and is hovering at its lowest level since November 2024. It has dropped in the last five consecutive weeks and is down by 70% from its highest point last year. 

XRP Price Has Slipped Despite Rising ETF Inflows

The XRP token has been in a steep decline since July last year despite some bullish news. One of the top catalysts has been rising ETF inflows, a sign that US investors are accumulating. 

Data shows that these ETFs have added $13 million in assets this month after adding $132 million in May. They are in the third consecutive month of inflows, with the net cumulative figure jumping to $1.44 billion. The Bitwise XRP ETF leads with $296 million, while Canary’s XRPC has $254 million. 

The ongoing XRP ETF inflows is a sharp contrast to those of Bitcoin

Full story available on Benzinga.com

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Porsche is bringing Disney and Pixar’s “Toy Story” characters to life on four wheels.

The luxury automaker unveiled three one-of-one Porsche 911 models inspired by Woody, Buzz Lightyear and Jessie at the Los Angeles world premiere of Disney and Pixar’s “Toy Story 5.”

The custom cars were created by Porsche’s Sonderwunsch department – German for “special wishes” – which serves as the company’s personalization program.

The trio will be sold as part of a charitable initiative benefiting Big Brothers Big Sisters of America, the American Red Cross and Starlight Children’s Foundation, according to Porsche.

“Following the positive, inspiring spirit of the characters in the films, the cars were designed not only to make people smile, but to also support a charitable initiative benefiting the American Red Cross, Starlight Children’s Foundation and Big Brothers Big Sisters to help families and children in need,” a spokesperson for Porsche told FOX Business in an email.

LUXURY AUTOMAKER RECALLS MORE THAN 173,000 VEHICLES IN THE US OVER REARVIEW CAMERA ISSUE

Pricing for the three custom models was not immediately available.

“Watching the characters of Woody, Buzz Lightyear, and Jessie come to life on the road with the help of the creative minds of Disney and Pixar, Style Porsche, and the Sonderwunsch department is very exciting,” Timo Resch, president and CEO of Porsche Cars North America, said in a statement. 

“Many of us – and our children – grew up watching the Toy Story films on the big screen. Celebrating this milestone is particularly rewarding – especially knowing that this initiative will ultimately support children and families in need.”

The Buzz Lightyear-inspired model is a 911 GT3 RS with the optional Weissach Package. 

Its white, green and purple color scheme mirrors the Space Ranger’s suit, while its large rear wing nods to Buzz’s wings. 

PORSCHE 2026 MACAN EV GETS DIGITAL KEY SHARING, AI VOICE CONTROL AND AUTOMATIC PARKING

Porsche also teamed with Goodyear on custom “Lightyear” tires. Inside, the car features green accents, Pebble Grey leather, Arctic Grey Race-Tex and illuminated door sill guards reading “To Infinity and Beyond,” according to Porsche.

Jessie’s model is a 2026 911 Targa 4 GTS with 532 horsepower. 

Porsche created a new paint color, Jessie White Metallic, for the model, pairing it with Cobalt Blue Metallic, Atacama Yellow and GTS Red accents. A red Targa top mimics Jessie’s cowgirl hat, while the cabin includes denim-inspired fabric and illuminated door sills that say “YEE HAW!”

Woody’s vehicle is based on a 2026 911 Carrera T. Porsche said the model uses a custom paint process designed to mimic worn blue jeans with visible denim texture. 

Inside, the car features brown vintage leather and door sill guards reading “Ride Like the Wind!”

TENS OF MILLIONS OF AIR BAG INFLATORS POSE SAFETY RISK, POSSIBLE RECALL LOOMING: US AUTO SAFETY REGULATORS

“Reuniting with the team at Porsche that created the Sally Special from Disney and Pixar’s Cars, and working to create these three all-new Toy Story 5 cars which will hopefully bring joy everywhere they go, is very meaningful and a great way to raise money for a good cause,” Bob Pauley, production designer at Pixar Animation Studios and original designer of Buzz Lightyear, said in a statement.

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WASHINGTON, June 11 — The cost of buying a home edged higher again this week, according to Freddie Mac, which reported Thursday that the average rate on a 30-year fixed mortgage rose to 6.52% from 6.48% a week earlier.

The average rate remains below the 6.84% recorded a year ago, but the latest increase adds to a gradual climb that continues to challenge homebuyers and sellers alike.

The average 15-year fixed mortgage also increased, rising to 5.84% from 5.79% last week.

Inflation and Energy Prices Drive Rates Higher

Behind the move is a combination of inflation pressures and rising energy costs.

Mortgage rates have moved higher since the conflict with Iran intensified earlier this year, contributing to increases in oil prices. Higher energy costs feed directly into inflation, and inflation expectations influence long-term borrowing costs, including mortgages.

Recent economic data reinforced those concerns.

The Bureau of Labor Statistics reported that consumer inflation reached 4.2% in May, the highest level in three years, while wholesale inflation climbed to 6.5%, its hottest pace in nearly four years.

Home Sales Show Signs of Life

Despite higher borrowing costs, there was some encouraging news in Freddie Mac’s report.

The company noted that stronger hiring and steady employment have helped existing-home sales reach a five-month high, suggesting some buyers are no longer waiting for rates to fall before entering the market.

That shift could be significant for a housing market that has remained largely frozen for much of the past two years.

Many buyers and sellers have remained on the sidelines, hoping for lower rates and improved affordability.

Hopes for Lower Rates Fade

Homeowners entered 2026 with optimism.

The average 30-year mortgage rate began the year near 5.99% following three Federal Reserve rate cuts during late 2025.

At the time, many analysts expected borrowing costs to continue moving lower.

Instead, inflation concerns and higher energy prices reversed that trend.

Mortgage rates have fluctuated sharply throughout the year and remain well above levels many prospective buyers hoped to see.

Higher for Longer

Most major housing forecasts now call for mortgage rates to remain elevated through the remainder of 2026.

The Mortgage Bankers Association and Fannie Mae both project 30-year mortgage rates will stay roughly between 6.3% and 6.5% through year-end.

That outlook reflects what economists increasingly describe as a “higher-for-longer” interest-rate environment.

The Real Cost to Families

For households, even small rate increases can have major financial consequences.

The difference between a 6% mortgage and a 6.5% mortgage can add thousands of dollars in interest over the life of a loan and significantly increase monthly payments.

Many buyers continue debating whether to wait for rates to fall before purchasing a home.

However, housing economists note there is a risk in waiting.

If mortgage rates decline substantially, many sidelined buyers could rush back into the market simultaneously, increasing competition and driving home prices higher.

In some cases, those higher prices can offset the savings gained from a lower mortgage rate.

Federal Reserve in Focus

Attention now turns to the Federal Reserve’s June 16–17 meeting, the first chaired by Kevin Warsh.

Financial markets currently see little chance of an immediate rate cut, and some traders are even pricing in the possibility of another rate increase before the end of the year.

As long as inflation remains elevated and energy prices stay under pressure, mortgage rates are likely to remain near current levels.

For millions of Americans hoping for cheaper borrowing costs, meaningful relief may still be some distance away.

JBizNews Desk — Washington

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MIAMI — For millions of Cubans, the difference between eating and going hungry now arrives in a cardboard box mailed from South Florida.

As Cuba sinks deeper into the worst economic and energy crisis in its modern history, the packages and cash sent by relatives in the United States have become the island’s most important lifeline, often providing more support than the Cuban state itself.

The pressure intensified this year after a U.S.-led effort to restrict oil shipments sharply reduced Cuba’s fuel supply. It tightened further on January 1, 2026, when a new 1% federal tax took effect on certain remittances sent abroad through cash, money orders, and cashier’s checks.

The scale of the crisis is staggering.

Cuba’s minimum wage is less than $7.50 per month, while average salaries remain only modestly higher.

Inflation has severely eroded purchasing power, leaving many families unable to afford basic necessities.

In that environment, a package containing cooking oil, powdered milk, coffee, medicine, soap, and other essentials is not a luxury.

It is survival.

As one Cuban physician writing from exile observed, in most countries remittances supplement household income.

“In Cuba, they are a condition for survival.”

The money involved is enormous by Cuban standards.

Before the collapse of formal transfer channels, remittances to Cuba totaled approximately $3.7 billion annually in 2019.

Today, formal transfers have declined by roughly 70%, according to independent analysts.

More than 95% of remittance flows now move through informal networks, private couriers, and travelers carrying cash or goods by hand because traditional banking channels have largely broken down.

Much of that disruption traces back to U.S. sanctions and the structure of Cuba’s financial system.

For years, the military-controlled company Fincimex, a subsidiary of the state conglomerate GAESA, handled much of the hard-currency flow into Cuba.

The organization directed significant amounts of foreign currency into government-operated retail chains, including CIMEX, where many consumer goods are sold at prices substantially above U.S. levels.

After the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Fincimex in 2020, Western Union suspended operations in Cuba, accelerating the shift toward informal transfer networks that remain dominant today.

The center of this system is South Florida.

Home to the largest Cuban community outside the island, Miami has become the operational hub for the movement of money, food, medicine, and household supplies to Cuba.

But even that lifeline has faced disruptions.

Earlier this year, courier company Cubamax suspended home deliveries and limited customers to one package per shipment because fuel shortages on the island made local transportation increasingly difficult.

Although some restrictions were later eased, concerns remain that supply lines could become even more constrained.

The crisis has reignited debate within the Cuban-American community.

For generations, sending money and supplies to relatives was viewed as a family obligation.

Today, some critics argue that every dollar entering Cuba indirectly helps sustain the government in Havana.

Others counter that cutting off remittances would punish ordinary families while doing little to change the political system.

Many economists who study Cuba support the latter view.

Emilio Morales, president of the Havana Consulting Group, argues that stopping remittances would do little to alter the island’s political reality because much of the money now bypasses state-controlled channels entirely.

Instead, those funds support individual households and Cuba’s growing private sector.

The economic impact extends far beyond family budgets.

On the island, remittances help finance thousands of small private businesses, known as cuentapropistas, including restaurants, repair shops, transportation services, and neighborhood retailers.

In Florida, an entire industry has developed around shipping goods and transferring funds, supporting logistics companies, courier services, travel operators, and money-transfer businesses.

When Washington changes remittance policies, both sides of the Florida Straits feel the effects.

The broader geopolitical backdrop continues to complicate the situation.

Following the removal of Venezuelan leader Nicolás Maduro, the United States increased pressure on Caracas to halt oil shipments to Cuba and warned other suppliers against filling the gap.

The resulting fuel shortages have contributed to power outages, transportation disruptions, and deeper economic hardship across the island.

Those conditions have only increased the importance of the packages arriving from Florida.

Each day, customers continue lining up at shipping centers across Miami carrying coffee, powdered milk, clothing, medicine, and household necessities.

Despite rising costs and political controversy, the flow continues.

For millions of Cubans, those boxes remain more than packages.

They are a lifeline.

And for many families struggling through one of the most difficult periods in the island’s modern history, they remain the primary barrier between daily survival and economic collapse.

JBizNews Desk — Miami

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STARBASE, Texas — He stood before a room full of cheering employees on Friday, June 12, the morning his company made history, and Elon Musk said the thing nobody expected him to say.

He admitted he never believed it would work.

“I gave SpaceX less than a 10% chance of succeeding at all,” Musk told the crowd, speaking by video from SpaceX’s Starbase headquarters in Texas as the company prepared to go public on the Nasdaq.

It was a startling confession for a man about to become the richest person who has ever lived. By the end of the morning, Musk would be the world’s first trillionaire.

Back when he started the company in 2002, he told friends the truth as he saw it. The odds were terrible. The company would probably fail.

But he believed it was worth trying anyway because if no one tried, humanity would never reach beyond Earth.

He laughed Friday as he remembered how impossible this day once seemed. If someone had described this moment to him back then, he said, he would have thought they were out of their mind.

For anyone who has ever been told their dream was foolish, his story landed close to home.

The early years nearly broke him.

SpaceX’s first three rockets failed, one after another, between 2006 and 2008. The money was almost gone. The company was one more failure away from disappearing entirely.

Then the fourth rocket reached orbit, and everything changed.

That single success became the foundation for everything that followed.

Reusable rockets that land themselves.

Starlink, the satellite internet network now beaming service to remote corners of the world.

Astronauts carried to the International Space Station.

And finally, the biggest stock market debut anyone has ever seen.

The numbers are almost hard to comprehend.

SpaceX raised about $75 billion on Friday, the largest IPO in history. Shares opened at $150 and climbed past $160, lifting the company’s value above $2 trillion.

Musk’s personal fortune crossed the trillion-dollar mark, a figure no human being has ever held.

But the people in that room were not only watching one man get richer.

They were watching their own lives change, too.

Thousands of SpaceX employees — the engineers, welders, technicians, and dreamers who stayed through the lean years — woke up Friday holding stock worth real money.

By some estimates, roughly 4,400 employees became millionaires the moment trading began.

Standing in for Musk at the Nasdaq in New York was Gwynne Shotwell, the company’s president and the seventh person he ever hired.

She has spent more than two decades helping turn Musk’s ambitious ideas into rockets that actually fly.

Beside her was Chief Financial Officer Bret Johnsen.

Together they rang the opening bell while their founder watched from Texas, surrounded by the team that built what once seemed impossible.

The Musk family turned out for the milestone as well.

His mother, Maye Musk, was among the first to arrive at the Nasdaq site in Times Square, there to witness her son reach a height few parents could ever imagine.

For everyday Americans, Friday offered something rare: a chance to own a small piece of the story.

SpaceX set aside a significant portion of its shares for retail investors through brokerages including Fidelity, Charles Schwab, and SoFi.

People who had only ever read about Musk could, for the first time, become shareholders in his company.

He ended his remarks the way he often does — looking forward rather than backward.

The whole point of SpaceX, he said, was to take science fiction and turn it into a future worth getting excited about.

He spoke about carrying ordinary people to the Moon and to Mars — not just astronauts, but anyone who wants to go.

It was a long way from the warehouse where it all began, and from the founder who once figured the odds were stacked against him.

On Friday, the man who gave his company less than a 10% chance stood at the top of the world, proof that sometimes the long shot is the one worth taking.

JBizNews Desk — Technology

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Hezbollah is confident that Iran will insist on Lebanon being included in a deal with the United States, a leading Hezbollah politician said on Friday, as hopes grew for an agreement between Tehran and Washington.

Hezbollah, a terrorist group founded by Iran’s Islamic Revolutionary Guard Corps (IRGC) in 1982, entered the regional conflict in support of Tehran on March 2, opening fire at Israel and prompting an Israeli response.

Iranian officials have repeatedly insisted on an end to fighting in Lebanon as part of any wider agreement.

“If the agreement happens, we have complete confidence in the Islamic Republic … we have confidence that it will insist on any agreement including the file of Lebanon,” Hassan Fadlallah, a Hezbollah politician, said in an excerpt of a speech broadcast by the terrorist group’s al-Manar TV.

US-Iran memorandum still a work in progress

A Western source said a memorandum between the United States and Iran to halt the war in the Gulf could be signed as soon as Sunday. The source said that language in the memorandum was still being finalized and Iran was sticking to its position that the deal must also end fighting in Lebanon.

Last week, Mohsen Rezaei, an adviser to Iran’s supreme leader, said Hezbollah had “made great sacrifices” in the war and that Lebanon “will be an inseparable part of any agreement and any ceasefire,” in comments reported by the IRGC’s semi-official Mehr news agency.

The war in Lebanon has continued despite several ceasefires announced by the United States, which has been mediating talks between the Lebanese and Israeli governments.

Hezbollah is not a party to the talks and has demanded the Lebanese government quit the process.

Hezbollah rejected a US-backed plan declared last week that would be contingent on the group ceasing fire and withdrawing its terrorists from southern Lebanon.

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WASHINGTON, D.C. — The federal agency that runs Medicare and Medicaid is building a new office focused entirely on technology, a move that could reshape how tens of millions of Americans interact with their health coverage and how companies sell software and digital services to the government.

The Centers for Medicare & Medicaid Services (CMS) announced on June 10 that it is creating the Office of Health Technology and Products (OHTP). The change became official in a Federal Register notice published on June 11, amending the agency’s formal statement of organization and responsibilities. The office will be responsible for modernizing the technology and digital products that support Medicare, Medicaid, the Children’s Health Insurance Program (CHIP), and other federal health programs.

In practical terms, the goal is to improve the websites, applications, and data systems that patients, healthcare providers, insurers, and government agencies rely on every day. Anyone who has attempted to compare Medicare plans, track a claim, or transfer medical records between providers understands how fragmented and outdated many of those systems remain.

According to CMS, the new office will work closely with the agency’s Chief Information Officer and operate under existing cybersecurity, information technology governance, and spending oversight policies. The structure is intended to ensure technology initiatives align with broader agency priorities and avoid duplication or disconnected development efforts.

The office will consist of several specialized groups.

Among them is an Open Source Program Group, which will oversee policies related to software built on open-source technology rather than proprietary systems controlled by a single vendor.

A separate Standards and Interoperability Group will focus on improving data-sharing capabilities across healthcare systems. The group includes divisions dedicated to data platforms and interoperability policy.

CMS is also creating a Product Development Group and a Digital Service at CMS unit, both designed to support the development and deployment of digital tools across the agency.

The agency said OHTP will provide enterprise-wide leadership for CMS health technology and digital product strategy.

The business implications are significant.

CMS is among the nation’s largest purchasers of healthcare technology, and any shift in standards or procurement strategy can influence billions of dollars in contracts. The agency’s increased focus on open-source technologies could create opportunities for smaller and emerging firms that have historically struggled to compete against large incumbent government contractors.

Likewise, the emphasis on interoperability—the ability of different systems to securely exchange information—has implications for hospitals, insurers, electronic health record providers, software developers, and virtually every organization connected to federal healthcare programs.

The move is part of a broader restructuring effort across the Department of Health and Human Services (HHS). On March 31, HHS announced changes reversing portions of a 2024 reorganization of federal health information technology leadership. The creation of OHTP is one of the first major organizational changes resulting from that effort.

The office also aligns with a larger federal push to bring private-sector technology expertise into healthcare modernization initiatives.

At a White House event earlier this year, CMS secured commitments from major technology companies—including Amazon, Apple, Google, OpenAI, and Anthropic—to help build what federal officials described as a next-generation digital health ecosystem.

HHS Secretary Robert F. Kennedy Jr. said the effort is intended to eliminate barriers that prevent patients from easily accessing and controlling their own health information. Approximately 30 companies reportedly pledged support for the initiative.

The foundation for many of these efforts was established in July 2025, when CMS launched its Health Technology Ecosystem Initiative to improve healthcare data sharing and interoperability. Early participants included Google, Amazon, Epic Systems, and UnitedHealth Group, with initial tools beginning to roll out this year.

A key challenge for the new office will be talent recruitment.

Federal agencies often struggle to compete with private technology firms for experienced engineers, software developers, cybersecurity specialists, and product managers. The success of OHTP may depend largely on its ability to attract and retain professionals capable of executing large-scale digital transformation projects.

For consumers, success would likely appear in simple but meaningful ways: easier enrollment processes, faster claims handling, improved access to health information, and medical records that move seamlessly between providers.

Whether the office ultimately delivers those results remains to be seen. For now, CMS has made clear that health technology modernization is becoming a central priority—and one important enough to warrant its own dedicated office.

JBizNews Desk — Washington

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New York Knicks star Jalen Brunson may be the king of the city after leading the team to their first championship since 1973, but he still has a lot of love for Texas.

Brunson was asked about his streak of winning championships in Texas, dating back to his national championship victory at Villanova. He also started his career with the Dallas Mavericks, giving the Lone Star State a special place in Brunson’s heart – especially, financially.

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“I have nothing against Texas. I love Texas. I miss the Texas taxes,” he told reporters after Game 5.

Brunson lives in Westchester, New York. He has to pay around 10.3% income tax in the state and a New York City tax of around 3.8% as well as a jock tax. Athletes in Texas still have to pay a jock tax but they do not have to pay a state income tax.

‘STILL VERY IMMATURE’: TEXAS SPORTS BAR OWNER SOUNDS ALARM ON NFL’S STREAMING PIVOT

He signed a four-year $156.5 million contract extension that went into effect before the 2025-26 season. He’s earned around $34 million this season and will earn nearly $38 million next season.

Brunson also touched on how special it was to win a championship with Mikail Bridges and Josh Hart – who he won two national championships with at Villanova.

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“Being able to win with Mikail and Josh – it’s a great feeling,” he said. It’s truly a great feeling knowing I got to meet them at a young age and were able to grow as friends and teammates in college and be able to achieve something in college. And then, to be able to do this at this level is just as special. Maybe a little more special. It’s an incredible feeling.”

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The Middle East, and particularly the Gulf states, are waiting to see if an Iran deal with the US will actually materialize this week. For months, there have been reports of a potential deal, followed by an inevitable letdown when it didn’t happen.

Regional reporting reflects talks of a potential deal. “Saudi Foreign Minister Prince Faisal bin Farhan [Al Saud] and his counterpart from Pakistan Muhammad Ishaq Dar spoke on the phone on Saturday,” the Saudi Press Agency reported. The report, also at Arab News in Saudi Arabia, noted that “during the call, they discussed the latest regional developments and the efforts being made in this regard.”

The ministers discussed the progress in deal talks and the optimism now forming around the potential new reality. “The statement came shortly after Prime Minister Shehbaz Sharif, whose government has mediated between Iran and the US, said that a peace deal to end the US-Iran war would ‘likely’ be finalized within 24 hours.”

Pakistan and Saudi Arabia are key allies. They are working together to manage the complex situation that has developed in the wake of the US and Israeli strikes on Iran on February 28. Pakistan, which has good ties with the Trump administration, has been a key mediator.

The leaders are keen to get a deal signed quickly

Now Al-Ain media in the UAE notes that “the anticipated agreement between America and Iran will be signed ‘electronically’ and not in person.”

Why? The report says that “informed officials confirmed to CNN that the plans for an electronic signing of the memorandum of understanding between the United States and Iran are aimed at quickly finalizing the agreement and avoiding any last-minute obstacles.”

The report goes on to add that “President [Donald] Trump and Vice President [JD] Vance do not travel abroad at the same time for security reasons and to ensure business continuity, although Trump is scheduled to leave for the G7 summit in France on Monday morning. It was difficult to transport Vance to and from the signing event in Europe in time for Trump’s departure.”

An electronic signature is expected, Al-Ain says. The Pakistani Foreign Ministry announced via X/Twitter that an electronic signing ceremony was scheduled for Sunday. But Al-Ain says that, in contrast, Iranian Foreign Ministry spokesman Esmail Baghaei told the IRNA news agency, “We have to wait to find out the exact date of the signing. It won’t be tomorrow.”

Al-Ain goes on to add that “the agreement, also called a memorandum of understanding, is supposed to pave the way for negotiations on outstanding issues between the two sides, most notably Iran’s nuclear program and its stockpile of highly enriched uranium.”

As the deal is being discussed, countries are also looking to Lebanon to see if tensions there will be reduced. This might mean Israel reduces its advance and returns to a new buffer zone near the border, which would create a new security zone. This deal has been in the works for months. Iran has sought to link Hezbollah and Lebanon to any Iran deal.

This is another part of the “wait and see” challenge the Middle East faces. Will a potential deal lead to more efforts in Lebanon to reduce Hezbollah’s influence, or will the terror group feel empowered? What about Iranian-backed militias in Iraq? All of these issues are now up in the air as the talk of a deal continues.

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A senior Iranian official told Reuters that under a final draft memorandum of understanding with the US, Tehran agrees that it will neither produce nor acquire nuclear weapons.

This comes shortly after Qatari mediators flew to Tehran this morning to help facilitate a deal.

The official said that the US has agreed in the draft memorandum for Tehran to dilute its highly enriched uranium stockpile inside Iran. The mechanism for this will be discussed over the next 60 days.

The US will also work with regional allies to prepare a reconstruction and development plan for Iran, to be negotiated and agreed with Tehran within those 60 days.

In US President Donald Trump’s original announcement of the deal, posted on Truth Social on Thursday, multiple countries in the region were listed as having approved it, including Israel, Saudi Arabia, and the UAE.

Pakistan and Qatar, both of which have been operational in mediating negotiations between the US and Iran, were also listed.

Until a final deal is reached, Iran has agreed not to maintain the nuclear status quo, including no uranium enrichment or expanding nuclear facilities.

US to release $25 billion in frozen assets, Strait of Hormuz to be reopened

Additionally, the US is set to waive all oil sanctions on Iran for a specified period and will release $25 billion of Iran’s frozen assets, including through direct cash transfers. 

This comes a day after Trump claimed that the deal required that “no money will exchange hands,” attempting to further differentiate the deal from the Joint Comprehensive Plan of Action (JCPOA), with Trump accusing then-president Barack Obama of paying “Hundreds of Billions of Dollars” to Iran, “including 1.7 Billion Dollars in green, cold cash.”

The draft also calls for the US to lift its blockade on Iran’s ports and for Iran to reopen the Strait of Hormuz.  

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The Islamic Republic of Iran has announced a move to grant amnesty to 139 individuals previously sentenced to death, in a strategy aimed at easing international and domestic pressure as part of Tehran’s wider struggle to create a perception of legitimacy, experts told The Jerusalem Post on Sunday.

Those 139 individuals were reportedly pardoned by the regime’s supreme leader, Ayatollah Mojtaba Khamenei, along with close to 2,000 others, ahead of the Shia religious holiday Eid al-Ghadir.

The Iranian Student News Agency (ISNA) reported that detainees convicted of security-related offenses, espionage, actions against Iran’s internal or external security, and crimes threatening public security were not eligible for the pardon.

Iran’s police chief, Ahmadreza Radan, claimed last month that the regime’s security forces had arrested over 6,500 individuals accused of espionage since the war started on February 28. Many of those who demonstrated during the January economic protests and the 2022 Women, Life, Freedom protests were also convicted of national security offences and would therefore likely not qualify for the amnesty.

IRGC pardons minor offenses to placate the people

Menahem Merhavi, a fellow at the Harry S. Truman Institute for the Advancement of Peace at the Hebrew University of Jerusalem, explained to the Post that the regime’s pardons come at a time of precipice for renewed unrest.

Students have begun demonstrating on campus in recent weeks, Iran’s economy has only declined since January, and the regime is “very concerned” that the situation will reach a boiling point “once this agreement is finalized, and the harm to Iran is exposed.”

“On the domestic level, it has to do with the regime’s dire need and understanding that it has a problem of legitimacy; and the need to deal with it, so I think it’s trying to deal with it, trying to better their image domestically,” Merhavi said.

On the international stage, the Islamic regime’s execution spree and mass human rights violations have also created significant issues. Some Members of the European Parliament called for military intervention in January in response to the mass killing of demonstrators, and the EU Parliament banned Iranian diplomats and representatives from its premises. The EU has formally added the Islamic Revolutionary Guard Corps (IRGC) to its official terrorism list.

Two separate non-governmental organizations have reported that the Islamic regime has executed the highest number of detainees since 1989, with the figure estimated at around 1,639 people last year alone, according to a report by Norway-based Iran Human Rights (IHR) and Paris-based Together Against the Death Penalty (EPCM).

Amnesty International also reported last month that the regime was using wartime conditions as an excuse to repress Iran’s civilian population, suppress dissent, and vilify those who do not immediately fall in line.

“To maintain their grip on power, the authorities have unleashed an all-out assault on people in Iran, targeting anyone who dares to criticize the Islamic Republic, share information about the US or Israeli air strikes or human rights violations with the outside world, or simply attempt to break through what became the longest recorded internet shutdown to communicate with loved ones or access independent information,” Erika Guevara Rosas, senior director of Research, Policy, Advocacy and Campaigns at Amnesty International, said.

Why pardon people now?

While the damage the regime has done to its reputation has been significant, and was not helped by the unprovoked attacks against its Gulf neighbors, Merhavi suggested that the pardons were part of an attempt to “polish” the regime’s image.

For Ben Sabti, an Iran expert and researcher at the Institute for National Security Studies (INSS), the move by the regime is nothing more than “propaganda,” not dissimilar to the choreographed moves of Khamenei’s father and predecessor, killed by Israel in the Operation Roaring Lion in February.

Sabti, noting that the regime has failed to confirm the identities of those released or identify their crimes, suggested it was likely those who committed minor economic infractions who were pardoned, and in a democratic country, they likely wouldn’t have been imprisoned to begin with. Without publishing the identities of those pardoned, it isn’t even clear that the regime’s own claims and figures are accurate, he added.

Khamenei wants to show himself as a kind leader and the regime as merciful, Sabti explained. “They free a few hundred in every celebration, every festival, and it seems from [the] outside that they are a kind and democratic and merciful regime… but they are taking hostages. They take the hostage, and after that, free him, so they seem kind.”

Rebin Rahmani, a director of the Kurdistan Human Rights Network, told the Post: “From what I understand, these kinds of amnesties in Iran are often announced on significant religious occasions. In many cases, over the years, they have mainly applied to prisoners convicted of ordinary criminal offenses rather than those facing political charges. Because the exclusions are generally based on the type of offense rather than ethnicity or religion, I would be cautious about interpreting the policy itself as primarily creating ethnic or religious divisions.”  

Rahmani added, “The main distinction tends to be between ordinary criminal cases and cases categorized as political or similar offenses. As a result, those convicted of ordinary crimes are usually the primary beneficiaries, while individuals facing political charges are often excluded.”

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Renowned medical journal The Lancet has published a petition calling for the suspension of the Israeli Medical Association (IMA) from from the World Medical Association (WMA).

On Saturday, The Lancet published a petition by health organizations such as the People’s Health Movement (PHM), Artsen voor Gaza (Doctors for Gaza), and Health Advisory Council of the Jewish Voice for Peace calling for the IMA to be suspended from the WMA over “its failure to speak out against the genocide of Palestinians, the destruction of health-care infrastructure, and the torture and killing of health-care workers in Gaza.”

The WMA Congress will now meet in Rotterdam in October to consider the petition.

Leslie London, Emeritus Professor of Public Health at the University of Cape Town and a member of PHM South Africa, told The Lancet that the IMA has “colluded in the unspeakable treatment of Palestinians during this war.”

The British Medical Association already suspended ties with the IMA in June, 2025.

WMA distances itself from calls to suspend Israel

The WMA however told The Lancet that it stands against exclusion of any of its members for the actions of their governments as “doing so diminishes our ability to call out injustices, and threatens shrinking the dialogue among physicians at this critical time when consensus in support of our medical ethics is so needed”.
 
It also pointed out that the IMA is one of the founding members of the WMA and is a “strong advocate for WMA ethics and policies.”

Following the publication of the petition, Iranian-Jewish cardiologist Dr Afshine Emrani wrote an open letter to The Lancet.

“I’m a cardiologist. I’m an Iranian Jew who grew up under a regime where medicine was subjugated to the state. What The Lancet just did is a disgrace to my profession,” he said.

He listed things that the boycott would actually destroy, including PillCam (revolutionized GI diagnosis), ReWalk (robotic exoskeletons for paralyzed patients) and breakthrough AI diagnostics for cardiac imaging and cancer detection, all of which are developed in Israel.

“Israel has among the highest per-capita rates of medical innovation on earth. These technologies save lives in London, Johannesburg, São Paulo, and New York. Suspending the IMA doesn’t punish a government. It severs research collaborations and training partnerships.”

Votes for Israel to be kicked out while Iran, Russia, and North Korea remain

Emrani also highlighted the double standards of singling out the IMA when the medical associations of Iran, North Korea and Russia do not face similar boycotts.

“The [Iranian] regime has executed physicians. Imprisoned doctors for treating protesters. Denied healthcare to political prisoners as policy. No petition. No Lancet article. No campaign.”

“The moment we expel medical bodies based on political litmus tests is the moment we destroy the neutrality that makes global medicine possible,” he said.

Emrani also noted that the WMA was established in 1947 mainly as a response to the atrocities committed by doctors in Nazi Germany during World War II.

This is not the first time that The Lancet has come under fire for its publication of articles relating to Israel.

Notably, in July 2024, The Lancet published a piece authored by doctors Rasha Khatib, Martin McKee and Salim Yusuf, which claimed that “it is not implausible to estimate that up to 186,000 or even more deaths could be attributable to the current conflict in Gaza.”

Despite the fact it was designated as a “correspondence” or a letter to the editor rather than a peer-reviewed academic article, the article was disseminated on mass, and shared by figures such as UN rapporteur Francesca Albanese.

Three days after the publication, one of the writers, Professor Martin McKee, retracted from the digits he co-provided in his piece, claiming that they were “purely illustrative” and that “our piece has been greatly misquoted and misinterpreted.” 

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The IDF is ready for a potential Iranian ballistic missile attack in the coming hours, and the home front should be on high alert, IDF Chief of Staff Lt.-Gen. Eyal Zamir said on Sunday at 5:07 p.m.

Zamir acknowledged that the attack would be a retaliation for the IDF’s airstrikes in Beirut earlier Sunday, which itself was in retaliation for Hezbollah drone launches against Israeli towns in northern Israel.

A statement said that Zamir was getting running updates on the heightened security situation.

Although Zamir stated that there were no immediate home front restrictions, there could be in the coming hours in the event of an Iranian attack.

If Iran attacks Israel, Israel will respond with airstrikes

It is expected that if Iran attacks Israel – as it did with around 25 missiles last week, which did not cause any deaths – that Israel would respond with airstrikes, as it did with two waves of dozens of fighter jets last week.

It is also expected that US President Donald Trump would step in after a relatively short time, and that a larger war would not be reignited.

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British right-wing activist Tommy Robinson said he was detained at Heathrow Airport on Saturday and had his phone seized, after a week during which he posted heavily online about racist and anti-immigrant riots in Northern Ireland.

Robinson, whose real name is Stephen Yaxley-Lennon, said on X that he was held on Saturday evening for around three hours under the Counter-Terrorism and Border Security Act.

“My phone has been seized by the police,” he said on X. “Please help kick off my legal fund for defence”.

Belfast violence, protests

Robinson tweeted repeatedly last week about violence that swept Belfast after a video went viral showing the brutal stabbing of a man, who lost an eye in the attack. A Sudanese man has been charged with attempted murder. Police have said they are not treating the attack as terrorism.

In the days that followed, rioters targeted homes and businesses owned by ethnic minorities or foreign residents in what the British minister for the province called racist thuggery.

Local politicians have said far-right agitators online had helped to coordinate or promote the violence.

Without naming him, a police spokesman said officers had stopped a man in his 40s at Heathrow Airport on Saturday, following his return to Britain from Russia via Turkey.

“The man was interviewed by officers, and his communication devices were seized. He was subsequently released,” the spokesman said.

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The Taliban has continued to employ excessive force against protesters and abduct women over what it claims are violations of the country’s Islamic dress code, according to the United Nations, multiple NGOs, and international media reports.

Taliban authorities in Afghanistan’s western city of Herat arrested at least 30 women, accusing them of violating dress rules imposed by the Taliban government, the UN agency for women’s rights confirmed late last week, adding that some of the women were later released.

Among the 30 women, Médecins Sans Frontières (MSF), known as Doctors Without Borders, confirmed on Friday that a staff member was held for two days in early June after she was stopped by representatives of the Promotion of Virtue and Prevention of Vice Ministry on her way to Herat Regional hospital over allegations she was failing to comply with the Taliban’s dress code for women.

The staff member was released on June 8 after she, her husband, and her family signed a commitment to wear clothes specifically selected by the ministry.

Protests broke out in Herat before being violently suppressed

Local anger over the Taliban’s mistreatment of women led to protests breaking out in Herat, which were violently suppressed by the Islamist terror group. They were said to have called for “Work, Education, and Freedom.” These protests were met with violence.

“According to the independent experts, Taliban security forces allegedly opened fire on protesters – men, women and children – administering beatings to some,” the UN agency added in a statement. “At least two people, including a boy, were killed and more than 20 were injured.”

One witness told Human Rights Watch, “When the shooting began, people started to escape, and I saw the Taliban shooting toward those attempting to flee. I witnessed some people getting injured. The Taliban even went to the streets and beat children to send them home. Everyone was terrified … some of the wounded [said] they didn’t go to the hospital [for fear of arrest]. I saw the 11-year-old who had been killed. He was bleeding terribly.”

Local sources told the diaspora media site Afghanistan International that, after suppressing the protests, Taliban forces conducted house-to-house and hospital-to-hospital searches for injured protesters.

Despite the various media reports, credible witnesses and footage of the incidents, the Taliban has denied the reports of mass human rights violations, dismissing them as rumors.  The Prevention of Vice Ministry added that the “hijab is a divine command, a law that we are obliged to implement.”

Under the Taliban’s morality law, a woman’s face is considered awrah (intimate parts of the human body), so women are forced to wear clothing that fully covers their faces.

“The Taliban authorities fear any dissent and so are escalating their repression of free expression and other basic rights,” said Fereshta Abbasi, Afghanistan researcher at Human Rights Watch.

Afghan women have experienced increasingly restrictive policies

Since the Taliban seized control in 2021, Afghan women have seen increasingly oppressive policies restrict their individual freedoms. Only last month, the Taliban introduced a decree which experts warn will prevent child brides from obtaining a divorce.

Article 5 instructed that “Upon reaching puberty, the minor has the option to dissolve the marriage” that a relative may have contracted for her, and that if she does not openly object, it will be treated as consent.

Zabiullah Mujahid, the Taliban’s spokesman, told The New York Times that, “A marriage proposal is something that a girl may feel shy or embarrassed about, and she may not be able to openly say that she agrees to marry. Therefore, her silence is regarded as consent.”

Girls are also now restricted from attending school above sixth grade, largely forbidden from entering public spaces, and husbands are permitted to beat their wives so long as the beating does not cause broken bones, bruising or injury.

Under Article 32 of the penal code, “If a husband strikes his wife with excessive beating resulting in fracture, injury, or the appearance of bruising on her body, and the wife proves her claim before the judge, the husband is deemed a criminal; the judge shall sentence him to fifteen days of imprisonment,” while under Article 70, those who cause animals to fight can receive a five month sentence.

“The Taliban authorities appear determined to silence those who try to speak out against their abusive practices,” Abbasi said. “By punishing people for exercising their free expression rights, the Taliban authorities aren’t silencing the message but only adding to their mounting list of human rights abuses.”

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According to public statements, we are approaching the signing of a Memorandum of Understanding (MOU) between the US and Iran. Until we see the document itself, we cannot know with certainty what it contains. In my view, even after it is released, people will interpret it widely, especially if they discover undisclosed understandings or side agreements. Some will describe it as a catastrophe (as I do), while others, including President Trump and several European leaders, may portray it as an excellent agreement. The debate, however, will focus not only on what the agreement contains but also on what it does not address.  

For President Trump, the question is whether he wants to be remembered as the leader who corrected former US president Barack Obama’s 2015 nuclear deal with Iran, or as the one who signed an even worse agreement when Tehran was at its weakest.

The successful Israeli-American campaign against Iran destroyed significant portions of Iran’s nuclear infrastructure, ballistic missile capabilities, and drone programs, but not all of it. It may have initiated a process that could eventually lead to regime change, but it could also trigger greater radicalization. The Islamic Revolutionary Guard Corps, which effectively controls Iran and Supreme Leader Khamenei, now understands that only the acquisition of nuclear weapons can provide it with a true “insurance policy,” and it will do everything possible to achieve that objective. 

By contrast, the emerging understanding between Iran and the United States, as I understand it, is hollow, devoid of substantive substance, and completely detached from the core issues. It addresses only what currently matters to the Trump administration and the Iranian regime: partially reopening the Strait of Hormuz to ease pressure on the global economy, particularly on the Gulf states, and enabling the flow of funds into Iran, including the removal of some sanctions.  

Iran’s unprecedented weakness

All other provisions merely describe what the parties will discuss in future negotiations. Each side will interpret these provisions as it sees fit and claim victory. We are already witnessing this through Iranian statements regarding the agreement’s 14 principles and American responses dismissing those claims as fake news. In any case, it is difficult to believe that a good agreement will emerge from future negotiations.  

Following the military campaign’s success and Iran’s unprecedented weakness, the United States should have continued its maximum-pressure campaign in Hormuz, expanded the naval blockade with an aerial component, and conducted extensive strikes against the regime’s main interests while simultaneously holding discussions regarding a future settlement.  

To pursue such a strategy, President Trump needed the full support of his closest advisers, particularly Vice President Vance, Steve Witkoff, and Jared Kushner. Instead, he received the opposite. Domestic political pressures ahead of the midterm elections, concerns about fuel prices, pressure from Gulf allies, and military assessments suggesting that further pressure would take time to yield results all pushed him in the wrong direction.  

Once the President mistakenly chose to pursue a hollow memorandum of understanding despite Iran’s consistent contempt and arrogance, he should at least have instructed his negotiating team to present one clear demand, one that Iran would almost certainly reject initially, but eventually accept when it had no alternative as pressure intensified: the complete dismantlement of everything that remains of Iran’s nuclear, ballistic missile, and drone programs, alongside an end to its support for terrorism and domestic repression, and the unconditional reopening of the Strait of Hormuz. 

Classic Iranian delay tactics

These measures should have been implemented in practice, not merely discussed in negotiations scheduled to begin after signing the memorandum and the start of the release of funds to Iran. Iran would naturally oppose such demands, and in prolonged negotiations it has historically excelled at delaying and outmaneuvering its counterparts.  

On the nuclear issue, it is not enough merely to suspend enrichment—even for decades—or to remove the enriched material (all levels) from Iran. Certainly, it is not enough to dilute it within Iran. What is required is the complete dismantlement of all enrichment facilities and capabilities, the destruction of all enriched material, the demolition of all existing and future underground enrichment facilities, and the closure of all weapons groups and supporting laboratories.  

The emerging understanding appears to allow Iran to do exactly what it does best: engage in diplomatic maneuvering and delay tactics while projecting an illusion of victory that exists only in rhetoric and propaganda.  

It is critical to acknowledge that Iran’s highest priority is the removal of crushing sanctions and the inflow of billions of dollars into its collapsing economy. Even a relatively modest influx of funds, combined with continued oil and gas exports, would enable the Revolutionary Guards, the de facto rulers of Iran, to suppress domestic dissent while using those resources to rebuild terrorist networks and proxy organizations, restore military capabilities and missile programs, including those capable of threatening the United States, and continue preparations for a future nuclear breakout after 2028.  

A memorandum of understanding that consists only of meaningless Iranian declarations renouncing nuclear weapons while providing sanctions relief, financial resources, a partial solution to the Hormuz issue, and postponing all other critical matters to future negotiations would be a catastrophic mistake, and a deal it would have been better not to reach at all.  

Such an agreement would also send a message to the Iranian people that the American president has once again abandoned the millions who took to the streets expecting the support President Trump had promised them. It would reduce the likelihood of regime change.  

Linking this memorandum to the developments in Lebanon, if such a connection exists, and I sincerely hope it does not, would be highly problematic, particularly if it were binding. I am convinced that Prime Minister Netanyahu has made it clear to President Trump that Israel will not accept any such commitment.  

The Iranian dirty game

The Iranian regime will continue to play the “dirty game,” at which it excels. Only sustained and credible military pressure, combined with an intensified blockade, may persuade the Iranian leadership to alter its behavior. Continued pressure may also convince the Iranian people, who remain burdened by economic collapse and the destruction now visible before them, to renew their protests, as they did months after Operation Rising Lion. Ultimately, only the Iranian people themselves can replace the regime.  

BG. (res.) Jacob Nagel is a senior fellow at the Foundation for Defense of Democracies (FDD) and a professor at Technion. He served as National Security Advisor to Prime Minister Netanyahu and as the head of the National Security Council (acting).

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The popular streaming platform YouTube has continued to broadcast content by individuals and companies sanctioned by the US Treasury Department for supporting or participating in the Islamic regime, according to a new report by the Tech Transparency Project published last week.

TTP, a research initiative established by the nonprofit group Campaign for Accountability, identified numerous sanctioned entities operating on YouTube, including Iran’s President Masoud Pezeshkian and Iran’s Assembly of Experts cleric Mohammed Mehdi Mirbagheri.

The entities included Babak Zanjani, an Iranian businessman sanctioned for helping the IRGC evade sanctions by laundering funds; an Iranian special forces unit accused of using lethal force on unarmed protestors; Ali Akbar Velayati, an advisor to Iran’s new supreme leader who threatened US forces in the region and sanctioned in 2019 for both oil sales to the Assad regime and his role in the 1994 antisemitic attack in Buenos Aires; Naji Sharifi Zindashti, an Iranian official sanctions in 2024 who was accused of targeting regime opponents abroad for kidnapping and assassination; and multiple official and semi-official Iranian state broadcasters, including the Islamic Republic of Iran Broadcasting which has been sanctioned by the US for more than a decade.

Zanjani owns multiple YouTube channels, according to TTP, including two for his holding company, DotOne. Under OFAC’s 50% rule, any company owned or controlled 50 percent or more by a sanctioned individual is also subject to sanctions.

The report found many accounts linked to sancctioned individuals and groups

Nobitex, Iran’s largest digital asset exchange, which was sanctioned on June 2 for “facilitating payments tied to Iran’s terrorist activities, sanctions evasion efforts, and Islamic Revolutionary Guard Corps (IRGC)-linked transactions,” also has a YouTube channel, as does Wallex, Bitpin, and Ramzinex.

Additionally, TTP found that Surabaya Hobby CV, an Indonesian company that was sanctioned for providing Iran with drone components, has had a channel since October 2024 despite OFAC sanctioning the company in December 2023.
In one case, an advertisement was played on the channel for Iran’s Cultural Heritage Ministry, encouraging people to apply for jobs with US Customs and Border Protection.

While it is unclear if the channels have profited from their uploads, TTP stressed that YouTube may have violated US sanction laws by allowing the channels’ presence. Through allowing advertisements on the channels, YouTube has also likely profited from their presence.

“Until YouTube cleans up this problem, advertisers will be vulnerable to having their ads run on content from individuals and organizations deemed a threat to U.S. national security,” TTP concluded.

The Jerusalem Post has contacted YouTube’s parent company, Google, for comment.

While Google has not yet responded to The Post, Google spokesperson Nate Funkhouser told Wired,  “Google is committed to compliance with applicable sanctions and trade compliance laws… If we find that an account violates our policies, we take appropriate action.”

In the hours after TTP published its report, 63 of the channels were removed.

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Twenty haredi (ultra-Orthodox) air force technicians were recruited last week at Tel Nof Air Force Base, following a two-month technician training course at a base in Haifa, the IDF announced on Sunday.

Following a two-month technician training course at a base in Haifa, the 20 haredim will begin working on F-15 aircraft in the 106th Squadron.

This is the first religious data center on the base.

The IDF is working to allow haredim to maintain their way of life while also completing mandatory military service, as Israel’s military manpower crisis is expected to deepen unless legislation extending mandatory service advances separately from the haredi draft bill. The IDF faces a widening gap between wartime operational needs and the number of soldiers available to meet them.

The army is operating across multiple arenas while also dealing with heavy casualties, high reserve use, and growing erosion among both regular and reserve forces.

Many reservists who once served far more limited periods have been called up repeatedly since the war began, with annual reserve burdens now reaching roughly 80 to 100 days for some combat soldiers.

Officials warn of manpower crisis if haredi draft is not enforced

In March, IDF Chief of Staff Lt.-Gen. Eyal Zamir, warned that the IDF will collapse due to lack of manpower, and raised “ten red flags.”

Former IDF chief of staff Gadi Eisenkot (leader of Yashar) said that implementing a law for mandatory service for all “is the need of the hour. It is a moral imperative. Only it will return Israel to the right path, fulfill the IDF’s mission, and safeguard Israel’s security.”

Reservist Party leader Yoaz Hendel stated, “The chief of staff is right. Listen to him. Victory requires soldiers. The government repeatedly uses the reservists as a resource and wears them down to the limit.”

“Even if they [the government] told the cameras that they froze the draft evasion law, in practice they continue to transfer money to institutions that encourage evasion and do not enforce the existing law,” Hendel added.

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This week in the crypto world was a rollercoaster ride, with Bitcoin’s potential drop, Dogecoin’s spending versus holding debate and significant purchases by crypto whales.

Let’s dive into the top stories that shaped the week.

Bitcoin’s Worst-Case Scenario

A Bitwise executive has outlined a potential worst-case scenario for Bitcoin, suggesting that the cryptocurrency could drop another 20% to $48,000. The executive identified three structural supports beneath the current spot price, with $48,000 being the worst-case floor if all three give way.

Read the full article here.

Dogecoin’s Purpose: Spending or Holding?

The Dogecoin Foundation’s director, Timothy Stebbing, has argued that Dogecoin is for spending, not holding. This statement comes amidst a debate within the crypto community about whether utility or speculation will determine the cryptocurrency’s future.

Read the full article here.

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Jacob Reses, the Jewish chief of staff to Vice President JD Vance, is leaving the administration at the end of the summer, a source confirmed to the Jewish Telegraphic Agency on Thursday.

Reses, who’s been in his role since Vance and President Donald Trump took office in January 2025, is perhaps the closest Jewish official in Vance’s orbit. He has had a close relationship with the vice president since Vance’s 2022 Senate campaign in Ohio. 

A source familiar with the matter confirmed NBC News’ initial report that Reses informed Vance of his decision months ago, after his wife became pregnant. Vance said in a statement on Thursday that he will “miss him dearly, but he won’t be far, and I plan to keep his counsel close until our paths cross again.” Reses’ plans for his next role are currently unknown.

Vance has recently drawn the ire of some Jewish Republicans who say that he has refused to confront antisemitism on the right, including from former Fox news host Tucker Carlson. (Carlson’s son is also a Vance staffer.) A New York Magazine profile published in March suggested that Reses was on board with Vance’s approach, and revealed that Reses used his private X account to amplify voices calling on Jews to embrace, rather than resist, the Christian nationalist current surging within the GOP.

Reses has been “by my side for my whole career in public life,” Vance said in a statement.

“I can’t imagine having been on this life-changing journey without him,” Vance said. “From day one of my time as a Senator-elect, I could not have asked for a more loyal and discerning advisor and friend as my chief of staff.”

Reses’ closeness to Vance elicited antisemitic rumors

The personal bond between the two men was on display in January, when Vance took part in Reses’ wedding to Rachel Altman at a synagogue in Rockville, Maryland, delivering a Jewish prayer under the chuppah. Chabad of Princeton University, Reses’ alma mater, posted a photo of the couple with the vice president, celebrating the occasion as an expression of Jewish pride.

That closeness, and Reses’ reported alignment with Vance’s stance on right-wing antisemitism, have not spared Reses from becoming a target of antisemites. In one instance, a white-nationalist website ran an article about him headlined, “Another Nail in the Coffin — Jew Runs J. D. Vance.”

A Jewish Telegraphic Agency profile published in 2024, when Vance was selected as Trump’s running mate, traced Reses’ Jewish identity and his journey from a Democratic-leaning Jewish teenager in southern New Jersey, whose grandfather escaped the Holocaust in Lithuania, to one of the most influential conservatives in Washington. His trajectory included internships for Hillary Clinton and John Kerry, a political conversion at Princeton and stints at the Heritage Foundation and in the office of Missouri Sen. Josh Hawley.

On Thursday, Republican leaders and Trump administration officials sang Reses’ praises in statements shared with JTA.

“Jacob Reses has been an invaluable, loyal, and trusted hand to Vice President Vance and President Trump,” said Matt Brooks, CEO of the Republican Jewish Coalition. “As a proud Jewish American, whose own family story carries the weight of our people’s history, Jacob brought both conviction and clarity to one of the most consequential roles in Washington.” Brooks added that the RJC has “no doubt he will continue to play a critical role moving forward.”

Secretary of State Marco Rubio, who’s seen as a possible challenger to Vance for the 2028 presidential nomination, said that Reses served Vance and the entire administration “with distinction,” and that he “understands the moment we’re in and he spent every day fighting to deliver results for the President.”

Steve Witkoff, Trump’s special envoy to the Middle East, said he was proud to have Reses “by my side in negotiating some of the toughest deals for the President.”

“Don’t let Jacob fool you — beneath his kind exterior he’s a killer,” Witkoff said. “It’s been a delight to get to know him through the Vice President, and our foreign adventures from Israel to Pakistan have been historic.” 

He added, “We haven’t seen the last of him.”

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BlackRock moved Friday, June 12, 2026, to limit how much money investors can pull out of its largest private-credit fund, as a wave of jittery shareholders — worried about loan losses, a string of fraud cases, and whether borrowers can survive the upheaval from artificial intelligence — rushed for the exits faster than the fund will let them leave.

In a shareholder letter and regulatory filing, the firm said investors in the HPS Corporate Lending Fund (HLEND) asked to redeem about 13.3% of the fund’s shares in the latest quarter, up from 9.3% the quarter before. BlackRock said it would buy back only 5% — roughly $620 million — and cash out the rest on a prorated basis.

And this is not just a BlackRock problem.

In the past two weeks alone:

  • Blackstone capped withdrawals on its flagship private-credit fund.
  • Cliffwater turned away most investors seeking to exit its roughly $31 billion fund.
  • Partners Group restricted redemptions from an $8.6 billion vehicle.

Across the roughly $2 trillion private-credit market, the same concern is spreading: the long period of easy money and steady growth may be ending, and investors are discovering that getting their money back is not always as simple as it appeared when they invested.

It is the second consecutive quarter that BlackRock’s HLEND fund has hit its redemption limit and restricted withdrawals. The increase in redemption requests — roughly half again as large as the previous quarter — is one of the clearest signs yet that investor anxiety is growing rather than fading.

Why Investors Cannot Get Their Money Immediately

Private-credit funds make loans directly to companies instead of buying bonds that trade on public markets.

Because those loans are difficult to sell quickly, many private-credit funds only allow investors to withdraw a limited amount of money each quarter — typically no more than 5% of fund assets.

When investors ask for more than that, fund managers impose what the industry calls a gate. Investors receive a portion of their money immediately while the remainder stays in the fund until future redemption periods.

That is exactly what BlackRock did this quarter.

A Key Fund in BlackRock’s Private-Market Strategy

The HPS Corporate Lending Fund sits at the center of BlackRock’s push into private markets.

BlackRock acquired the business through its approximately $12 billion purchase of HPS Investment Partners last year, a deal that significantly expanded the firm’s presence in private lending.

Today, the fund manages an investment portfolio approaching $25 billion, making it one of the largest buyers of private corporate loans in the United States.

BlackRock imposed similar limits elsewhere.

The firm also capped withdrawals at its smaller BlackRock Private Credit Fund (BDEBT) after investors requested withdrawals equal to approximately 5.3% of assets. BlackRock approved the maximum 5%, or roughly $83 million.

A third vehicle, the HPS Corporate Capital Solutions Fund, received lighter redemption requests of approximately 4.7%.

Why Investors Are Nervous

Several concerns are hitting the market simultaneously:

  • Rising concerns about future loan losses
  • High-profile fraud cases within parts of the credit market
  • Questions about how artificial intelligence will affect borrowers
  • Concerns about weaker software companies facing AI disruption
  • Expectations that corporate defaults could increase
  • Refinancing risk as older low-interest loans mature into a higher-rate environment

Many investors worry that companies which borrowed heavily during the era of cheap money may struggle as those obligations come due.

What It Means for Everyday Investors

The private-credit industry has attracted large numbers of individual investors over the last several years.

Financial advisers frequently promoted the funds because they offered:

  • Steady income
  • Higher yields
  • Returns that often moved independently from stock markets

The redemption restrictions serve as a reminder that higher yields often come with reduced liquidity.

Unlike stocks or publicly traded bonds, the underlying loans cannot be sold quickly. Investors who want their money back may need to wait through multiple redemption periods before receiving the full amount.

BlackRock Remains Optimistic

Despite the redemption pressure, BlackRock said it expects new investor commitments to offset withdrawals paid so far this year.

The firm also noted that higher interest rates could support future returns.

According to BlackRock, the HPS Corporate Lending Fund has generated annualized returns of approximately 10.2% since launch.

Chief Executive Larry Fink has told investors that large institutional buyers — including pension funds and insurance companies — continue to add capital on a net basis, even as some financial advisers and retail investors pull back.

Market Reaction

Investors appeared largely unfazed by the news.

Shares of BlackRock (NYSE: BLK) rose more than 1% Friday, suggesting Wall Street views the redemption pressure as manageable for now.

The broader question facing the private-credit industry is whether these redemption restrictions are temporary growing pains or the first sign of a more significant stress test for one of the fastest-growing corners of modern finance.

JBizNews Desk — New York

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Peru may be on the verge of electing the daughter of one of its most controversial former presidents, but the outcome remains uncertain. According to official results updated Wednesday by Peru’s electoral authority, conservative candidate Keiko Fujimori holds a razor-thin lead over leftist challenger Roberto Sánchez following Sunday’s presidential runoff. The margin separating the two candidates remains less than one percentage point, and electoral chief Roberto Burneo has warned that final certification could take as long as 30 days.

Fujimori, 50, is the eldest daughter of former President Alberto Fujimori, who governed Peru from 1990 to 2000. His presidency remains deeply divisive. Supporters credit him with defeating insurgent groups and stabilizing the economy, while critics point to his 1992 dissolution of Congress and subsequent convictions for corruption and human rights abuses.

The election marks Fujimori’s fourth attempt at the presidency after unsuccessful campaigns in 2011, 2016, and 2021. She leads the Fuerza Popular party, which already controls roughly one-third of Peru’s Congress. Her opponent, Sánchez, is politically aligned with former President Pedro Castillo, who remains imprisoned following his own failed attempt to dissolve Congress in 2022.

The election comes after a decade of political instability that has seen eight presidents cycle through office, undermining investor confidence and complicating long-term economic planning.

For global markets, the stakes extend far beyond Peru’s borders.

Peru is the world’s third-largest producer of copper, a metal essential to electric vehicles, power transmission infrastructure, renewable energy projects, and the rapidly expanding artificial intelligence industry. The country is also a major producer of silver, gold, and zinc, making its political stability increasingly important to global commodity markets.

Investors have generally viewed Fujimori as the more market-friendly candidate. Her platform supports mining investment and private-sector growth, while some investors feared a left-wing victory could lead to higher mining taxes, increased royalties, or stricter operating requirements for foreign companies.

A clear Fujimori victory would likely be viewed positively by financial markets, potentially strengthening the Peruvian sol, supporting the Lima Stock Exchange, and providing momentum for more than $50 billion in planned mining projects. Market analysts say the greatest risk remains a prolonged dispute over the election result that could trigger protests or political paralysis.

Hovering over the entire race is the growing influence of China.

Chinese companies have become deeply embedded in Peru’s economy. They control some of the nation’s most important mining assets, including Las Bambas, operated by MMG, and Toromocho, owned by Chinalco. Chinese state-backed firms have also acquired major utility assets, including Luz del Sur.

Perhaps the most strategically significant investment is the $3.6 billion Chancay deepwater port, developed by COSCO Shipping and inaugurated by Chinese President Xi Jinping during a 2024 summit. The facility gives China a direct Pacific gateway for South American exports, particularly minerals destined for Chinese manufacturers.

The project has attracted attention in Washington, where policymakers increasingly view strategic infrastructure investments as part of a broader competition with Beijing.

American investors have responded by backing alternative projects. BlackRock’s infrastructure division has invested in the rival Matarani port, positioning it as a competitor to Chinese-backed facilities and reflecting growing U.S. interest in maintaining influence in South America’s critical supply chains.

Analysts remain divided on what a Fujimori presidency would mean for U.S. interests.

Supporters argue that Fujimori is more likely to pursue pro-investment policies, strengthen ties with Washington, cooperate on security matters, and take a more cautious approach toward Chinese strategic investments. They point to issues such as counternarcotics cooperation and trade relations where closer alignment with the United States could emerge.

Others caution that any shift may be limited. China is Peru’s largest trading partner and a dominant source of investment capital. Regardless of who wins, Peru’s economy remains deeply tied to Chinese demand for minerals and commodities.

They also note that the Fujimori name remains highly polarizing. A victory decided by only a few hundred votes could face legal challenges and public protests, raising the possibility of renewed instability in a country that has struggled to maintain political continuity.

For investors, the central question may not be which candidate ultimately prevails but whether Peru can produce a widely accepted result and maintain enough stability to remain a reliable supplier of critical minerals.

Until the final certification is issued, Peru’s mines continue operating, copper continues flowing through both Chinese- and Western-backed ports, and global markets remain focused on one of the closest presidential elections in the country’s modern history.

JBizNews Desk — Latin America

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PARIS, France — June 14, 2026 — The Food and Drug Administration (FDA) on Friday granted accelerated approval to Sanofi’s Tzield for children ages 8 to 17 who have recently been diagnosed with stage 3 type 1 diabetes, opening the therapy to its largest patient population yet and significantly expanding the commercial opportunity for one of the company’s most closely watched products.

The decision marks the first time a drug has been approved in the United States to help preserve the body’s remaining insulin production in children who already have stage 3 disease. While Tzield does not cure diabetes or eliminate the need for insulin injections, it is designed to slow the autoimmune attack that destroys insulin-producing cells in the pancreas, potentially giving newly diagnosed children more stable blood sugar levels during the critical early months following diagnosis.

For Sanofi, the approval represents another step in turning its $2.9 billion acquisition of Provention Bio in 2023 into a major growth driver. Every expansion of Tzield’s approved uses increases the number of patients eligible for treatment and broadens the potential market for a therapy that carries a list price of approximately $194,000 per course.

Type 1 diabetes is an autoimmune disease in which the immune system mistakenly attacks and destroys beta cells in the pancreas, preventing the body from producing sufficient insulin. By the time patients reach stage 3 disease, enough of those cells have been lost to cause dangerous blood sugar elevations and symptoms including extreme thirst, frequent urination, sudden weight loss, fatigue, and blurred vision.

From that point forward, patients typically require lifelong insulin therapy.

Tzield works differently from traditional diabetes treatments. Rather than replacing insulin, the drug targets the immune system itself. Administered through a series of intravenous infusions, it slows the immune attack responsible for destroying the remaining insulin-producing cells.

The FDA’s decision was based primarily on data from the Phase 3 PROTECT study, which enrolled 328 children and adolescents diagnosed with type 1 diabetes within the previous six weeks. Participants receiving Tzield maintained significantly greater natural insulin production compared with those receiving a placebo, suggesting the therapy can preserve pancreatic function longer after diagnosis.

Doctors have long viewed preservation of insulin production as a meaningful goal because even small amounts of natural insulin can help improve blood-sugar management and reduce the risk of severe highs and lows.

The treatment is not without risks.

According to Sanofi, the most common side effects observed in clinical trials included decreased white blood cell counts, vomiting, rash, headache, and temporary immune-system reactions. The therapy also carries warnings regarding cytokine release syndrome, a potentially serious inflammatory response, as well as the possible reactivation of dormant viral infections.

Despite those risks, diabetes specialists have increasingly viewed Tzield as one of the most significant advances in type 1 diabetes treatment in decades because it addresses the disease process itself rather than simply managing symptoms.

The business debate surrounding Tzield has largely centered on price.

The drug’s list price of roughly $194,000 for a complete treatment course drew attention from insurers and healthcare analysts when it first launched. At the time, some Wall Street analysts had projected pricing closer to $70,000 to $115,000, leading to concerns that insurance companies could push back on coverage.

As a result, access to the treatment often depends on prior authorization and case-by-case review by insurers.

Sanofi has sought to address affordability concerns through its COMPASS patient-support program, which offers copay assistance and support services designed to help eligible patients obtain coverage. Even so, healthcare experts expect reimbursement decisions by commercial insurers and government payers to remain a major factor in determining how widely the treatment is adopted.

The latest approval follows a series of regulatory wins for the therapy.

Tzield first received FDA approval in November 2022 for delaying the onset of stage 3 type 1 diabetes in individuals with stage 2 disease. In April 2026, regulators expanded that indication to include children as young as 1 year old.

Friday’s approval opens an entirely new category by allowing treatment after stage 3 diagnosis, a substantially larger population than the preventive-use market.

According to Sanofi, approximately 64,000 people are diagnosed with type 1 diabetes each year in the United States, creating a significant opportunity if physicians and insurers broadly embrace the treatment.

The approval was granted through the FDA’s accelerated approval pathway, which allows therapies for serious diseases to reach patients sooner based on surrogate measures that are reasonably likely to predict clinical benefit. In this case, preserved insulin production served as the key marker supporting approval.

Sanofi is currently conducting a confirmatory trial known as BETA-PRESERVE to verify the long-term benefits of the therapy. Failure to demonstrate those benefits could result in the FDA revisiting the approval in the future.

Sanofi (NASDAQ: SNY) shares closed at $44.25 on Thursday, June 11, little changed ahead of the announcement as investors weighed the potential impact of the latest regulatory expansion.

JBizNews Desk — Health Care

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DoorDash Inc. said on Thursday, June 11, that it is adding an artificial-intelligence assistant to its app, allowing customers to order food and groceries by typing a request, speaking it aloud, or simply snapping a photo. The company unveiled the new tool, called Ask DoorDash, and said it plans to expand the feature to restaurant reservations and additional U.S. markets in the coming weeks.

Customers can access the assistant through a new “Ask” button in the app’s search bar. From there, users can describe what they want in plain language, use voice commands, or upload a photo. The chatbot then generates recommendations and provides one-click options to add suggested items directly to a shopping cart.

Initially, the feature is launching in select markets for food delivery and grocery purchases, with restaurant reservations and broader geographic expansion expected later this year.

The move places DoorDash directly in the growing competition among technology and delivery companies racing to integrate artificial intelligence into consumer shopping experiences.

Uber Technologies introduced its own AI-powered grocery assistant earlier this year, while Instacart rolled out AI tools for retailers and grocery partners last year. The industry increasingly views conversational shopping as a potential replacement for traditional search menus and category browsing.

For DoorDash, the initiative is part of a much larger strategy.

The company is currently investing heavily to consolidate its businesses onto a unified technology platform following several major acquisitions. Among them was its $1.2 billion acquisition of restaurant-management and reservation company SevenRooms, along with its nearly $4 billion purchase of European delivery platform Deliveroo.

The SevenRooms acquisition is particularly important to the new AI rollout because it provides the reservation technology that will allow customers to book restaurant tables through Ask DoorDash.

Instead of using separate applications for dining reservations and food delivery, users will eventually be able to search, reserve a table, order takeout, or purchase groceries through a single interface.

That broader vision is central to DoorDash’s growth plans.

Chief Financial Officer Ravi Inukonda recently told investors that much of the company’s platform-transformation spending is expected to occur this year. The company is effectively rebuilding portions of its technology infrastructure to support future products and services.

The AI assistant is one of the first highly visible consumer-facing examples of where those investments are being directed.

Investors have been watching closely.

DoorDash shares have fallen roughly 33% this year, significantly underperforming the broader Nasdaq Composite, which has gained about 8% over the same period. Concerns about acquisition costs, technology spending, and profitability have increased pressure on management to demonstrate a return on those investments.

The launch of Ask DoorDash is part of that effort.

Beyond helping consumers find meals and groceries faster, DoorDash is also signaling that the underlying technology could eventually become a business product.

The company suggested the AI infrastructure being developed for consumers may create future enterprise opportunities for restaurants, grocers, retailers, and brands that operate on the platform.

In practical terms, software that helps customers discover and purchase products could later be licensed, integrated, or sold to merchants seeking similar capabilities.

For consumers, however, the immediate pitch is convenience.

Instead of manually searching through hundreds of menu options, a user can ask for a quick family dinner, affordable lunch options nearby, ingredients for a recipe, or even upload a photo of a meal they would like to recreate. The assistant then searches across DoorDash’s network and presents recommendations.

Whether customers ultimately prefer conversational shopping over traditional app navigation remains an open question.

Many consumers are already comfortable browsing menus and categories manually, meaning the success of the feature will depend on whether it genuinely saves time and improves the ordering experience.

The reservation component may prove especially important.

By combining restaurant bookings, grocery purchases, and delivery orders inside a single AI-powered assistant, DoorDash is positioning itself as a broader commerce platform rather than simply a food-delivery company.

That strategy places it in more direct competition not only with delivery rivals such as Uber, but also with dedicated restaurant-reservation platforms.

The rollout is beginning on a limited basis, but adoption rates and customer engagement will provide a clearer picture later this year of whether DoorDash’s latest AI investment can translate into meaningful business growth.

JBizNews Desk — Technology

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Somaliland President Abdirahman Mohamed Abdullahi and Somaliland First Lady Fardowsa Mohamed Roble arrived in Israel on Sunday for a landmark state visit, opening a new chapter in relations between the two countries.

It is the first by a Somaliland head of state and the first since Jerusalem formally recognized Somaliland’s independence in December 2025.

Abdullahi had originally planned to make his first official visit to Israel at the end of March, The Jerusalem Post reported in February, citing two sources familiar with the matter.

Even so, this will not be his first time in the country. The president previously made a discreet visit to Israel during earlier diplomatic contacts that led to Israel’s formal recognition of Somaliland in December 2025. 

The current visit will include the opening of Somaliland’s embassy in Jerusalem and a series of government meetings aimed at expanding cooperation in security, trade, water technology, renewable energy, and regional development.

Somaliland’s president and first lady received an official welcome ceremony from President Isaac Herzog and First Lady Michal Herzog at the President’s Residence in Jerusalem at 11:30 a.m.

Following this, Abdullahi and Herzog conducted a diplomatic meeting and will attend a state luncheon alongside Foreign Minister Gideon Sa’ar.

Later in the day, Abdullahi is slated to lay a wreath at Mount Herzl, visit Yad Vashem, and plant a tree with the Keren Kayemeth LeIsrael-Jewish National Fund (KKL-JNF) at the Grove of Nations.

Sunday will conclude with a dinner bringing together senior representatives of Israel’s business community, reflecting both sides’ efforts to deepen economic ties.

Somaliland’s Jerusalem embassy to open on Monday

On Monday, Abdullahi will hold talks with Sa’ar and later meet with Prime Minister Benjamin Netanyahu.

The highlight of the visit is expected on Monday evening, with the official opening of Somaliland’s embassy, marking the establishment of full diplomatic relations following Israel’s recognition of Somaliland’s sovereignty.

According to officials familiar with the program, Abdullahi will remain in Israel until Thursday to meet with ministers, government officials, and business leaders. 

He is also expected to visit the Knesset and the Nova music festival memorial site, while holding discussions with Israeli companies specializing in water management and renewable energy technologies.

Supporters of closer ties between the two countries argue that cooperation between Israel and Somaliland could strengthen economic development, maritime security, and technological innovation, while providing Somaliland with expanded international engagement.

Shir Perets and Miriam Sela-Eitam contributed to this report.

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The US’s retaliation to the downing of the helicopter over the Strait of Hormuz both exposed US President Donald Trump’s strategy towards Iran and displayed why the goals of the US may be at odds with those of Israel. 

Trump still believes in negotiations, for a variety of reasons and considerations that have been discussed extensively. Trump wants a deal, still prefers the diplomatic path, and is looking for the moment when he can stand before the cameras and announce that he has restored order to the region and the world. 

But in the Middle East, as usual, the road to an agreement first passes through smoke, fire, statements, denials, leaks, and phone calls that none of the participants will be eager to describe in full. 

The incident over the Strait gave Trump a clear justification for a strike that was easy to explain to the public. 

A US Apache helicopter crashed near one of the world’s most sensitive shipping routes. Two crew members were rescued. Trump blamed Iran. US strikes on Iran followed. 

US strikes easily explained to public

The White House had little difficulty explaining the strike. A US president, even one who prefers peace to war, cannot spend weeks issuing threats, watch one of his helicopters go down near Hormuz, and respond only with expressions of concern. Trump said that Iran had “taken too much time” in negotiations and warned it would pay a price. He later spoke of a “very strong” attack if no agreement is reached.

It is worth remembering that while one possibility is that an Iranian aircraft collided with the helicopter, the circumstances are still under investigation, with no certainty regarding intent behind the event, according to the Iranian version of the incident. That detail matters: Trump treated it as a clear act of war by Tehran, even though the operational reality was somewhat less orderly and definitive than the political declaration suggested. 

This is exactly his method: raise his voice, deploy aircraft, and then leave the door open for a deal. He does not appreciate long wars, certainly not with midterm elections approaching. Fuel prices affect every US household, and his campaign promise was to end wars and make deals, not open another Middle Eastern quagmire. 

One of the most intriguing details Trump provided this week was not about bombs but about oil tankers. He said the US military had secretly helped move more than 100 million barrels of oil through Hormuz aboard 22 vessels that sailed at night without lights after Iranian radar capabilities had been damaged. Even after stripping away Trump’s usual layer of exaggeration, one central fact remains: nearly every component of the crisis converges around Hormuz, including oil, trade, energy prices, and political pressure on the White House. Therefore, any disruption is felt very quickly in Washington. 

This is also why Americans continue talking with the Iranians even after the strikes. Qatar has once again assumed the role of intermediary, shuttling between negotiating rooms and bombing zones. 

US, Iran negotiate while keeping up strikes

Both the US and Iran strike while keeping mediators involved. This has long ceased to be classical diplomacy. It is a negotiation conducted somewhere between a US Central Command statement and a presidential post on social media, between an American refueling aircraft over the Gulf and a phone call in Doha. That is how Trump operates, and by now it seems many have grown accustomed to the style. 

Anyone looking for clean logic in this episode will be disappointed. Trump wants the Iranians to understand that time is running out, but not to the point that talks collapse. The Iranians want to show they are not intimidated, but not to the point that they invite a large-scale attack. The Qataris want to remain indispensable mediators. The Gulf states primarily want tankers to keep sailing. Europe does not want to wake up to oil prices reminiscent of the 1970s. And Israel, as usual, wants the US to finish the job, but the US defines the word ‘finish’ differently. 

Iran does not appear ready to surrender. The leadership in Tehran has suffered serious blows, but regimes like this do not always soften under fire. Sometimes they harden. They look for external enemies, close ranks, and raise the price of compromise. 

Uranium critical to Israel but may end up pushed to the side of US priorities

The recent decision by the International Atomic Energy Agency’s (IAEA) Board of Governors demanding that Iran report its enriched uranium stockpile and allow verification adds genuine pressure. The resolution passed by a vote of 21 to three, with 10 abstentions. 

According to the IAEA, Iran possessed 440.9 kilograms of uranium enriched to 60% before the strikes. For Israel, that is the critical test. In Trump’s pursuit of a deal and a photo opportunity, it could end up pushed to the sidelines.

Officials in Jerusalem understand this gap very well. Israel wants heavy American pressure on Iran, preferably military pressure. There is no substitute for American aircraft in the Gulf, no substitute for a credible American threat against Iranian facilities, and no substitute for Tehran facing the president of the United States, not just the Israeli Air Force. Yet that same American presence can also create complications for Israel. Trump may use force in order to secure a quick agreement without fully dismantling the Iranian threat.

This is where the real drama in Trump-Netanyahu relations lies. Not in press conferences, videos, or mutual praise designed largely for domestic audiences, but in the conversations where Trump reins Netanyahu in.

Trump reportedly blocked an Israeli strike in Beirut after Iran warned that continued operations in Lebanon would jeopardize contacts with Washington. In one conversation, according to sources familiar with the matter, he called Netanyahu “crazy” and warned that a strike in Beirut would further isolate Israel.

It was the kind of conversation Netanyahu does not enjoy, not because of the sharp tone, but because of the message. This time, Washington was not asking Jerusalem for advice. It was demanding restraint.

Trump is unwilling to let Netanyahu manage his own timetable. The Israeli prime minister sees Iran as the project of his lifetime and one of his last major political assets. Trump sees Iran as a file that must be closed before it consumes his presidency and his midterm elections.

As long as the use of force serves Trump’s diplomatic objectives, the differences between him and Netanyahu remain manageable. But once the discussion shifts to how far pressure should go and how long military pressure should continue, the American president reminds Jerusalem who sets the boundaries.

That is why extending calm on the Lebanese front fits neatly into the broader American effort toward Iran. From Washington’s perspective, every additional front is noise in the system. If an Israeli strike in Beirut gives Tehran an excuse to walk away from negotiations, the Americans will pressure Jerusalem instead. From Israel’s perspective, that is frustrating and at times dangerous. Hezbollah does not disappear simply because Trump wants quiet. But when Washington is trying to negotiate an agreement with Iran, Lebanon becomes a place where Israel is expected to swallow more than it would prefer.

The question is what exactly Trump is trying to achieve. If the goal is a limited agreement, reopening Hormuz, reducing attacks, securing a general Iranian commitment on the nuclear issue, and maintaining oversight, then he has a chance. Iran needs economic oxygen. Gulf states want stability. Trump wants a photo. Preferably one with a grand statement, a broad smile, and as few missiles in the background as possible.

If the goal is a deeper solution addressing the nuclear program, uranium stockpiles, missile capabilities, proxy networks, and Iran’s ability to rebuild, the road is much longer. Threatening a radar site or an air defense battery will not be enough. It would require a rigorous verification mechanism, access to facilities, timetables, automatic sanctions snapbacks, and above all, a willingness by the United States to remain focused on Iran even after the cameras are gone.

That is precisely where Israel worries about Trump. He loves the moment of the big announcement. The painstaking work that comes afterward, monitoring mechanisms, timelines, and technical clauses, has never been his strongest suit.

US administration divided on path forward

Even the US administration is not completely unified. Some see the strikes as temporary leverage on the road to an agreement. Others argue that any deal would merely allow Iran to recover. 

Security officials understand how quickly an incident in Hormuz could escalate into an attack on an American base, a ship, or global energy markets. Republican politicians are already thinking about November and how to sell voters on strength without war, military action without body bags, and fuel prices that do not turn a geopolitical victory into an electoral defeat.

Tehran is making a similar calculation from the opposite direction. Iranian leaders know Trump wants a deal. They know he does not want a prolonged war. They also understand that even without physically closing the strait, merely threatening freedom of navigation is enough to unsettle markets and pressure Washington. Iran does not need to defeat the US Navy. It only needs to prove that efforts to squeeze it will impose costs on everyone.

That reality creates Israel’s dilemma. A small agreement may be good for America, good for markets, good for Gulf states, and good for Trump. It may be bad for Israel if it leaves Iran battered but not neutralized, weakened but still possessing uranium that has not been fully accounted for. More cautious, perhaps, but also convinced that the lesson of the war is that it must reach a strategic insurance policy more quickly.

Israel understands that danger well. The threat does not disappear simply because an American president declares that he has solved it.

For Netanyahu, there is little room for maneuver. He can praise Trump, leak reports of close coordination, and argue that American pressure validates the Israeli approach. In reality, he depends on the American president more than he would like to admit. Trump is the one who enables Israel’s freedom of action, and he is also the one who can limit it with a single phone call.

There is a certain irony in that. The American president, often considered Netanyahu’s closest ally, is also the one most willing to restrain him when White House priorities require it.

Four possible futures for US, Iran

The four main possible scenarios ahead are relatively clear.

The first, and most likely, is continued limited strikes alongside intensive negotiations. Another military target, another threat, another Qatari envoy, another defiant Iranian statement designed to preserve national pride.

The second is a deadly incident involving Americans, an attack on a base, a ship, or US personnel, which would require a far broader response.

The third is the collapse of negotiations and a return to open regional war, with Israel directly involved and its civilian population once again paying the price.

The fourth, and from Jerusalem’s perspective the most troubling, is success that comes too quickly: an agreement that calms Hormuz, lowers oil prices, delivers Trump a victory, and leaves the nuclear question for another day.

In that scenario, Israel would need to act quietly but firmly. Do not fight publicly with Trump. Not appear to sabotage an American agreement. Not to give Iran an excuse to leave the negotiating table. At the same time, it would need to work through every available channel to ensure that any agreement is more than simply clearing a traffic jam in Hormuz.

The boring details will be the decisive ones: Where is the uranium? Who verifies it? When is it verified? What happens if Iran refuses? Who restores sanctions? What remains of Iran’s missile arsenal?

The reality that has emerged is far more complex than the simple headline of “America versus Iran.” It is the United States striking Iran in order to bring it back to the negotiating table; an Iran willing to talk but unwilling to appear defeated; an Israel that wants the Americans to go all the way, while discovering that Washington defines the finish line differently; and a Netanyahu trying to ride Trump’s momentum only to discover that Trump does not like anyone else holding the reins.

The helicopter near Hormuz was the trigger. The real struggle is over the story told afterward. Trump will want to say it was the moment Iran finally understood. Netanyahu will want to say it was the moment America truly entered the fight. Iran will want to say it was simply another round that it survived.

Israel’s task is to ensure, without unnecessary speeches and without becoming enamored with victory photos, that it does not end up with a polished agreement, calm oil prices, and an Iranian nuclear capability still patiently waiting for the next chapter.

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Israel must work to form a coalition of Zionist parties from the Right and the Left after the upcoming election, Blue and White chairman and former defense minister Benny Gantz told 103FM in a Sunday interview.

“Yesterday I stopped at a coffee cart in Kibbutz Ruhama. I spoke with a nice woman who came up to me in tears and great excitement, and told me she supports me and is very worried about what will happen here,” Gantz said.

“She said to her daughter: If Netanyahu remains in power, you’re not going to officers’ course. I told her that there is someone else in the country who says: If [Naftali] Bennett, Gadi [Eisenkot], or [Yair] Lapid becomes prime minister, you’re not going to officers’ course.”

“The rift in the country is killing us,” he said. “I have no shadow of a doubt that if we do not want more of the same, we must form a Zionist unity government, because the Zionist majority in the country is the one truly carrying the wagon. Let it take the right to lead. That is what I am working on, and I hope to succeed.”

The former IDF chief of staff and defense minister did not sound enthusiastic about the framework of an agreement between the US and Iran.

“The feeling is not one of failure, because the military and operational achievements are very high, but of a strategic missed opportunity, because we did not manage, on our own against Lebanon and with the Americans in Iran, to strategically realize the major military achievements,” he said. 

“We need to prepare to deal with these things in the years to come as well, including militarily, that seems absolutely clear to me.”

Gantz remained pessimistic regarding Lebanon, Iran deal

Asked about reports that the ceasefire in Iran would also stop Israeli offensive activity in Lebanon, Gantz said that “we will need to insist in the next 60 days that Beirut is not the same as Tehran.”

“I can accept arguments for and against when it comes to Iran, but Lebanon and Israel are two neighboring countries, and we should not be dependent on others in everything related to it,” the Blue and White chairman stressed. “We cannot take security risks, and we need to act with all our strength and independence. October 7 changed the regional and conceptual reality, and we cannot agree to that. I explained this to the Biden administration, which opposed entering Gaza, and Netanyahu did not do this successfully.”

After he was asked whether he thought Netanyahu had caved to pressure from Washington, Gantz answered yes.

He argued that the prime minister erred when he changed Israel’s conduct toward the US and preferred Republicans over Democrats.

“We are the only Western democratic outpost in the Middle East. When we moved toward one direction, we remained captive to one direction, and that is Netanyahu’s failure,” he said.

Writing his first book, We

Gantz then spoke about his new status: author. “This was the first time I was at the book fair from the writer’s side. It was a beautiful experience in Jerusalem,” he said excitedly. 

“The book is based on material I wrote over the years, and on conversations I had with my wife, Revital. It had been a dream of ours to write a book from two points of view, but unfortunately, Revital fell ill, and then I told her story.”

He was asked whether he feels guilty that, as a man in the military and later a military man, he was not present enough at home.

“There are also those feelings. It is natural to have guilt feelings,” he replied. “But I learned to deal with the three axes: taking care of Revital, taking care of my family, and taking care of my country. I learned to handle this braid, and I am trying to deal with it as much as I can.”

Why is his book called We? “I called the book that because I am not only talking about Revital and me, but also about me and society, and the society within it,” Gantz answered.

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Several Israeli ministers called on the government on Sunday morning to intensify attacks against Hezbollah and Beirut’s Dahiyeh neighborhood in response to the terror group’s ongoing bombardment targeting Israel’s soldiers and northern communities.

Hezbollah continuing to launch drones and rockets at northern communities despite the ongoing ceasefire between Israel and Lebanon is a “test of the prime minister’s Dahiyeh doctrine,” wrote Finance Minister Bezalel Smotrich (Religious Zionist Party) in a Sunday post to X/Twitter. 

“I call on him to implement it with determination and force and to demolish buildings in Dahiyeh today as well,” said Smotrich. “We promised security to the residents of the north, and we must fulfill it!”

In his own X post, National Security Minister Itamar Ben-Gvir said he would clarify his position to Prime Minister Benjamin Netanyahu on Sunday regarding the ongoing fighting in Lebanon. 

“For every drone – a missile. For every violation – fire. For every drone – Dahiyeh must tremble. For every hair on the head of an IDF soldier – a thousand Hezbollah terrorists,” Ben-Gvir wrote. “Against terror, we do not contain, we crush!”

Aliyah and Integration Minister Ofir Sofer (RZP) affirmed that “Israel must attack Dahiyeh” in his own post to X on Sunday.

Neither Shlomi nor any other settlement in Israel will become a normalized target in the hands of Hezbollah,” he wrote.

IDF reportedly preparing to stop Lebanon ground advance amid pending US-Iran deal

Israeli public broadcaster KAN News on Saturday, citing security sources, reported that Israel is preparing for the possibility that the pending US-Iran agreement will result in calls to stop the IDF ground advance against Hezbollah in Lebanon.

Per the sources, the IDF is readying to halt attacks deeper in Lebanon to avoid harming the deal, but will not withdraw from the security zone as part of that agreement.

The sources also said that the issue of the IDF’s full withdrawal will be discussed with Lebanon during talks in Washington later in June.

The IDF’s 36th Division has continued to push north in Lebanon, according to KAN, with some reports saying they have neared the large Lebanese city of Nabatieh.

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Iranian hardliners took to the streets in Tehran and Mashhad on Saturday night to protest the emerging agreement with the United States, directing their anger at Iran’s negotiating team and senior officials, according to the Qatari-owned Arabic newspaper Al-Araby Al-Jadeed.

Demonstrators in Tehran gathered in a central square and chanted slogans against Iranian Foreign Minister Abbas Araghchi and Parliament Speaker Mohammad Bagher Ghalibaf.

“Araghchi, be ashamed and leave the country,” protesters shouted, according to the report. Others chanted: “Ghalibaf, Araghchi – what about the blood of our leader?”

A separate demonstration was held in the eastern Iranian city of Mashhad outside a Foreign Ministry office, where participants also raised slogans against Araghchi. Social media accounts reported localized friction in some areas between supporters and opponents of the proposed deal.

According to Al-Araby Al-Jadeed, most activists and lawmakers who have publicly opposed the emerging agreement belong to Iran’s conservative camp, particularly circles close to Saeed Jalili, the former secretary of Iran’s Supreme National Security Council.

Editorial criticizes deal framework, questions opening Strait of Hormuz

Hossein Shariatmadari, the editor of the hardline Iranian newspaper Kayhan, also criticized the proposed framework in an editorial titled “A letter to Messrs. Ghalibaf and Araghchi.”

“Did closing the Strait of Hormuz really block the commercial and economic breathing route of the enemy?” he wrote, questioning the logic of giving up what he described as one of Iran’s most important bargaining chips in the war.

Shariatmadari wrote that securing compensation “was and remains” one of the demands announced by the leader of the revolution, and questioned how Iran would be able to extract such compensation from the US and its partners if it agreed to reopen the strait. Opening the waterway under the proposed framework, he argued, would limit Tehran’s ability to press that demand.

The conservative Fars News Agency, considered close to the Islamic Revolutionary Guard Corps, reported Saturday that US President Donald Trump’s “strange insistence” on signing a memorandum of understanding with Iran on Sunday constituted a test for Iran’s negotiating team.

Fars noted that Trump had repeatedly said the memorandum would be signed on Sunday, while Iranian officials involved in the negotiations had said that the understandings had not yet been completed and that a signing on that date would definitely not take place.

The agency also pointed out that Sunday, June 14, is Trump’s birthday, arguing that he sought to use the date symbolically and turn it into a propaganda event.

Iranian Foreign Ministry spokesman Esmaeil Baghaei said in this context that any possible understanding with the United States would amount only to a framework for continuing talks, rather than a final agreement between the two countries.

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Hamas on Sunday praised the reported shooting of an IDF Non-Commissioned Officer (NCO) during an operation to arrest a suspect in Dhahiriya, near Hebron, over the weekend. 

The incident was reported by Israeli public broadcaster KAN News on Sunday morning. According to KAN, the NCO was lightly wounded, but did not provide further details.

The Jerusalem Post reached out to the IDF for comment.

In a Sunday statement, the terror organization took responsibility for the alleged incident, claiming that the NCO was wounded by one of its operatives.

It noted that it “salute[s] the pure hands that confront the occupier and resist.”

Additionally, Hamas said that the incident comes in response to Israel’s “crimes” against Palestinians in Gaza, the West Bank, and Jerusalem, as well as Israel’s plans to “seize West Bank lands and displace” Palestinians.

The terror group ended with a general call to Palestinians in the West Bank and east Jerusalem to “escalate resistance in all its forms to respond to the occupation’s crimes with painful operations that will disrupt its calculations and thwart its plans.”

IDF captures over 50 terror suspects in West Bank, seizes weaponry

Last week, the IDF conducted several counterterrorism operations across the West Bank, captured over 50 suspects, who were wanted for inciting terrorism, advancing terror activities, and possessing and trading weaponry.

Some 250,000 NIS intended for terrorism were also confiscated by the IDF, as well as a lathe used to manufacture weapons, a drone, military equipment, ammunition, and more than 10 weapons, including handguns and improvised Carlo weapons.

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On June 14, 1906, at least 70 Russian Jews were killed, and 90 were injured in the three-day-long Bialystok Pogrom.

Bialystok, located in modern-day Poland, was a western city in the Russian Empire with a majority Jewish population.

In the 1910 census, four years after the pogrom, around 68.5% of the population was Jewish, according to data from the Jewish Virtual Library.

The pogrom became the bloodiest incident against Russian Jews that year. It is worth noting that because multiple victims were taken to other towns, different hospitals, and private homes, the exact number of victims will never be truly known.

Bialystok was known for its textile industry. A large number of the fabric mills around town were owned by Jews and employed Jewish workers.

As such, the Jewish Labor Bund, a Yiddishist, secular, socialist Jewish labor organization, had a stronghold in the community. Jewish anarchist movements and the Polish socialist party also had strongholds in the city.

Why was there a pogrom in Bialystok?

Three days before the pogrom, the city’s police chief, named Derkatcheff, was killed. He was generally viewed as benevolent towards the city’s Jewish population. Chief Derkatcheff notably said that a pogrom would happen over his dead body. That is almost exactly what happened.

Derkatcheff’s rival, Police Commissioner Sheremetev, and the rest of the police force, were viewed as violently antisemitic.

Sheremetev blamed Jewish anarchist groups for Derkatcheff’s killing. Then, local officials spread rumors and distributed leaflets that Jews would bomb Catholic and Orthodox churches.

In preparation, Jewish leaders went to the governor in Grodno, over 100 knm away, to ask for Sheremetev’s removal. The governor refused, but promised the Jewish delegation that no pogrom would happen in June.

What happened in the Bialystok pogrom?

On June 14, authorities allowed a Catholic procession through the town’s market square on Pentecost. During the procession, a bomb went off and killed one person in the procession.

Simultaneously, an Orthodox Christian procession was occurring in town, during which shots were fired.  Russian authorities then claimed that Jews had attacked both and called for retaliation against Jews.

Thus, the pogrom began. For three days, Russian troops and policemen attacked Jewish homes and businesses.

On the third day, Russia’s minister for internal affairs ordered tsarist forces to stop the pogrom.

The pogrom came after the 1905 Russian Revolution, during which the city was a center of the anti-tsarist labor movement. It is part of the second wave of pogroms that eventually led to World War II.

Historians view the pogrom as a response to the labor movement by local authorities and government employees, who were later held accountable by Russia’s state Duma for the incident.

After the State Duma investigation, Bialystok’s industry and trade suffered a notable, prolonged decline.

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The United Arab Emirates denied reports that it had agreed to unlock billions of dollars for Iran, according to a Saturday morning X/Twitter post by the country’s Foreign Affairs Ministry.

Word of the move, reported by four sources to Reuters, coincides with the final stages of broader negotiations between Tehran and Washington to end the war, talks that diplomats say could involve the release of tens of billions of dollars in Iranian oil revenues frozen in foreign banks under US sanctions.

Two regional sources told Reuters the UAE had agreed to release a total of $10 billion, more than $3 billion of which had already been delivered.

Two other sources with knowledge of the arrangement put the total funds involved at $20 billion, adding that the move had been agreed in return for a halt to Iranian attacks on the UAE. One of the sources with knowledge of the arrangement also said a first tranche of $3 billion had already been made available.

Reuters could not establish whether the funds earmarked for the transfers belong to the UAE, originate in long-blocked Iranian accounts in the UAE banking system, or originate elsewhere.

But a UAE official, asked to comment on the transfer, said the country was trying to ease tension and foster peace.

“The UAE’s foreign policy is guided by promoting de-escalation and reducing tensions across the region, while advancing lasting peace and stability,” the official said. “The UAE supports efforts, including those undertaken by the United States, to protect the peoples of the region from the repercussions of conflict.”

Iran last attacked UAE on May 4

The White House did not immediately respond to a request for comment on the move.

In Washington, Vice President JD Vance said on Friday that funds would not be released to Iran for signing a deal with the US or attending a meeting, adding that the potential deal is structured to ensure that economic benefits would flow to Tehran if it meets its obligations.

There was no immediate response from Iranian authorities to a Reuters request for comment on the move.

None of the sources cited in this article would agree to be identified due to the sensitivity of the matter.

The arrangement signals a striking pivot from the open animosity of UAE-Iran relations through much of the war, when Iranian attacks emptied Dubai’s hotels, drove some expatriates to flee, and shook the reputation for safety that is central to the country’s position as a premier business hub.

One of the sources with knowledge of the arrangement said the move offered a way to help solve the conflict between the US and Iran without either side crossing its red line: Iran can claim it extracted compensation for war damages, Washington can insist it paid nothing, and Abu Dhabi obtains its own security and Dubai’s hub status, while framing the move as an investment in rebuilding regional trust.

The other source with knowledge of the arrangement said that, in return for the disbursement, Iran would halt missile and drone attacks on the UAE, and that bilateral ties would be rebuilt, including intelligence sharing and economic cooperation.

The source added that Iran had approached at least two other Gulf Arab countries to make a similar arrangement.

The last known direct attack by Iran on the UAE was more than a month ago – a May 4 strike on the Gulf state’s Fujairah port on the Gulf of Oman.

The first source with knowledge of the arrangement said talks had started several weeks ago but quickened pace when officials of Iran’s powerful Revolutionary Guards visited Abu Dhabi last week to meet Sheikh Tahnoun bin Zayed al Nahyan, the UAE’s national security adviser and deputy ruler of Abu Dhabi, and stayed at his guest house.

That trip was followed by a visit by UAE officials to Tehran to negotiate the details of the mechanism.

Sizeable Iranian assets in Dubai 

The UAE-Iranian arrangement is set to unfold against a complex financial backdrop, potentially involving Dubai, the UAE’s main commercial hub and one of Tehran’s most critical economic lifelines.

Dubai’s banks have long held substantial Iranian-linked deposits, much of them now immobilized under US sanctions that police the global dollar-clearing system and expose any foreign bank dealing with blacklisted Iranian entities to being cut off from the American financial network.

On April 11, a senior Iranian source said the US had agreed to release Iranian frozen assets held in Qatar and other foreign banks, although a US official swiftly denied the assertion.

The source, who declined to be named due to the sensitivity of the matter, told Reuters that unfreezing the assets was “directly linked to ensuring safe passage through the Strait of Hormuz,” a key issue in talks aimed at ending the conflict.

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A coalition of 20 state attorneys general sued the Trump administration on Wednesday, asking a federal court to block new federal contracting requirements tied to diversity, equity, and inclusion programs. The lawsuit, filed in the U.S. District Court for the District of Maryland and led by California Attorney General Rob Bonta and Maryland Attorney General Anthony Brown, challenges how federal agencies implemented President Donald Trump’s Executive Order 14398, signed on March 26, 2026.

The executive order directs federal agencies to include language in contracts prohibiting what the administration describes as “racially discriminatory DEI activities” by contractors and recipients of federal funds. The lawsuit does not seek to overturn the executive order itself. Instead, it argues that federal agencies violated federal law when they implemented the policy.

According to the complaint, more than two dozen federal agencies began adding the new contract provisions in April without providing public notice or allowing a formal comment period. The states argue that the requirements are vague, fail to clearly define prohibited conduct, and represent a significant departure from long-established federal contracting standards.

The attorneys general contend that the agencies violated the Administrative Procedure Act, the federal law governing agency rulemaking, and are asking the court to block enforcement of the new contract language.

The potential impact is substantial.

According to federal estimates cited in the lawsuit, the order could affect approximately 640,000 contracts and subcontracts nationwide, including more than 160,000 contracts held by over 34,000 vendors. Federal agencies have been instructed to modify existing contracts by July 24.

For businesses that rely on federal contracts, the concern extends beyond politics. Companies that certify compliance with unclear requirements could face future investigations, contract disputes, suspension from federal programs, or exposure under the False Claims Act, which allows the government to seek significant financial penalties for false certifications.

The coalition argues that the uncertainty places contractors in a difficult position, particularly smaller businesses that may lack extensive legal resources.

The attorneys general describe the lawsuit as a defense of established civil-rights practices. Vermont Attorney General Charity Clark said diversity, equity, and inclusion initiatives are intended to address discrimination and expand opportunity rather than violate existing law.

The coalition includes Democratic attorneys general from states such as California, Illinois, New Jersey, Massachusetts, Connecticut, and others, along with the District of Columbia.

The Trump administration has defended the policy as part of its broader effort to eliminate race-based preferences in government-funded programs. Administration officials argue that federal taxpayer dollars should not support policies that consider race or identity and that contractors can comply simply by eliminating such programs.

Legal experts note that the dispute may ultimately hinge more on procedure than ideology. Federal courts have repeatedly used the Administrative Procedure Act to halt executive actions when agencies failed to follow required rulemaking procedures.

A judge could temporarily block enforcement while the litigation proceeds.

Until then, contractors face a difficult decision: accept the new requirements, challenge them, or wait for the courts to determine whether the rules can legally take effect.

With billions of dollars in federal contracts potentially affected, the outcome of the case could reshape compliance requirements for businesses across the country and influence the future of DEI-related policies throughout the federal contracting system.

JBizNews Desk — Washington

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Israelis need a reality check on the impending Iran deal and understanding the winners and losers.

It all depends on the question you ask.

If you ask why Israel and the US haven’t already succeeded at regime change, then everyone has lost except for Iran.

If you ask why Israel is not only not dominating the direction of negotiations, but being pushed to the side, then Israel lost big time.

But if you speak to top IDF and Mossad officials, immediate regime change was never in play.

Regime change was never achievable with current war

Prime Minister Benjamin Netanyahu and US President Donald Trump made a mistake when, in the opening days of the war, they were excited and added that as a goal and a real, imminent possibility. 

Top IDF and Mossad officials across-the-board will tell you that the most the current war could achieve was to help improve conditions for regime change.

The real goals of the last two wars with Iran in June 2025 and early 2026 were to push back the two existential threats by a couple of years: nuclear weapons and massive ballistic missile volumes, which could overwhelm Israel’s air defense shield.

If you ask: Were those two primary goals achieved, the answer is unequivocally yes.

The first proof is that we are now a full year since the June 2025 war, and predictions by pessimists that the Islamic regime would have a nuclear weapon within a few months were not only proved wrong, but Iran is basically still around two years from nuclear weapons, and the impending deal will probably push it off even more. 

If Iran never gets nuclear weapons, then looking backward in 25 years, historians will probably credit Netanyahu with pushing off the nuclear threat during this time period.

But, looking back, a win will not help him much in the present and upcoming election when much of the country is sour about the failure to secure immediate regime change.

An illustrative image of uranium barrels over a backdrop of the Iranian flag. (credit: FOTOGRIN. Via Shutterstock)

Iran expected to give up uranium

There is a twist here that if Trump loses his attention completely, the Iranians could end up keeping some 60% enriched uranium, but all signs are that that uranium will be removed or diluted.

In terms of leverage, once Iran opens up the Strait of Hormuz and the US keeps even some of its forces in the region, Trump will have more leverage, not less, to get the Iranians to give up the uranium.

The same is true with enforcing the 15-20 years uranium enrichment freeze. And Iran is a long-term planner. Many forget that while Iran broke aspects of the 2015 nuclear deal, for the first four years, it stayed within the uranium enrichment limits.

Many Israelis are rightly enraged that the upcoming deal means that Iran will have new large funds to help its regime survive and to try to help rebuild Hamas and Hezbollah.

But with a reality check, this was always the deal Trump was going for: remove the nuclear threat in exchange for money.

The thought of regime change, even with Trump, was brief and passing, and he did not even allow the Mossad’s plan with the Kurdish Iranians and Iraqis staging a ground advance against the regime in parts of Iran to go forward.

Yet once again, anyone who thought he would let that go forward was not thinking about who Trump is and his aversion to messy and long wars, especially with ground troops.

Stunningly, top Israeli officials have told The Jerusalem Post exclusively that since former US president George Bush had supported this move in Iraq in 2033, they thought Trump would in 2026. 

These officials needed a reality check on the mentality of Americans and the US president right after 9/11, compared to those persons in 2026 under the banner of “America First” and with no attacks on the US mainland.

Is this funding bad news for Israel on all fronts between Iran, Hezbollah, and Hamas? Yes.

But are the apocalyptic warnings of how bad it will be over the top? Also, yes.

Israel has failed to completely defeat any of those enemies – that is a loss.

But by the same token, Israel has thoroughly bludgeoned and weakened all of those enemies in ways that cannot be restored in a year or two, and may not be fully restorable.

Hamas, Hezbollah weakened

It is looking more and more like Hamas will make some kind of partial disarmament move to allow rebuilding in Gaza to start.

If they do not, they still are utterly isolated from receiving weapons from outsiders, have zero rockets, essentially zero ability to threaten Israeli civilians (they can threaten forward IDF troops in Gaza), and have been reduced from a powerful and sophisticated national military to the guerrilla warfare organization they were in the 1990s.

Hezbollah has dropped from 150,000 rockets to maybe as few as 10,000 rockets. They can threaten Israel’s North, but not the rest of the country. Even the North cannot threaten at nearly the same level. Israel may be able to use a withdrawal from most of southern Lebanon to normalize relations with the Lebanese government, completing a historic process which could isolate Hezbollah much more than at any time since its founding.

For over 18 months, Hezbollah has been largely cut off from Iran, smuggling weapons by land, because the Syrian regime is now Sunni and as anti-Iran as Israel.

None of this means that Hamas and Hezbollah will fade away, and they are still threats, especially Hezbollah.

But getting more money from Iran is not going to help them restore their former powers and threats, especially since Israel will not stand by and allow them to rearm with long-range weapons, even after a ceasefire and even after a potential partial withdrawal.

Iran likewise will not restore its power overnight. 

In the upcoming stages of the expected deal, it is expected to get unfrozen funds (its own money held overseas) of between $6 billion and $24 billion, some of which will be conditioned on nuclear progress.

It lost hundreds of billions of dollars in its defense sector and some other sectors during the recent wars.

The biggest problem then is actually the ballistic missile program.

This threat of overwhelming volume has been pushed off by a couple of years.

But nothing in the deal prohibits Iran from trying to restore its 500-1,000 missiles to its pre-war 3,000 number, or worse, to jump to the 5,000-6,000 range, the prospect of which made Israel decide to go to war again in 2026.

Had Israel played its diplomatic cards better, including incorporating Europeans into some major decisions and strategy, maybe an upper limit and range of missile range could have been reached since Europeans would be threatened by Iranian ballistic missiles much sooner than the US, as they are only somewhat out of Iran’s current range, whereas for Iran to strike the US, it would need years more to master intercontinental ballistic missiles.

This is the largest and most under-covered loss for Israel in the deal.

The only, but relatively simple solution for Israel is to send a direct message to the Iranians that Israel will respect the ceasefire until Iran crosses whatever missile volume point the IDF deems as too many to handle. If Iran crosses that point, Israel must be clear that it will attack again.

All of this misses one of the largest threats to Israel today: the massive loss of support from its allies in the US, in Europe, and among some Arab countries in the Middle East. One positive of an end to the years of war, or even a pause for some years, is a chance to fix those issues.

This more complex analysis of wins and losses is not where the average Israeli is right now, having been sold the new “conceptcia” idea that after October 7, a two-plus-year war and with Iran, air power alone, could end all threats to the Jewish state. 

But at some point, it will be wiser if Israelis focus on the enhanced security they have achieved, while awakening to the largest dangers confronting Israel in the future: a return of Iran’s ballistic missile threat and Israel’s cratering diplomatic status, which, over time, will have severe military implications as well if the trajectory is not reversed.

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Cinderella (in the original French version, Cendrillon) by Jules-Émile Frédéric Massenet is the latest production of The Jerusalem Opera in cooperation with The Jerusalem Symphony Orchestra. After many months of preparation, it will be shown only once, on June 18, at the Jerusalem Theatre, the Henry Crown Hall, at 7:30 p.m.

French composer Jules-Émile Frédéric Massenet (1842-1912), known for his operas, songs, and oratorios, based his Cinderella on a story written by the French author Charles Perrault (1628-1703).

We all know the fairytale as a children’s story, though Massenet composed it for an adult audience as a full-length opera. It had its world premiere at Opéra-Comique in Paris in 1899.

Massenet approached the subject with humor, sensitivity, enchanting arias, and glowing musical nostalgia for the French Baroque. Yet his opera, despite being shown at many significant opera houses – including major European theaters, Opera Australia in Sydney, and the New York Metropolitan Opera – is not commonly known, even among opera lovers.

“This was another reason why to show it in Jerusalem,” affirmed Jerusalem Opera co-founder Omer Arieli, serving as its music director and conductor.

He decided to introduce Massenet’s Cinderella this year, as “one of the most magical works in the operatic repertoire, with beautiful musical harmonies.” With much of the audience familiar with the basic storyline, he said, they can focus primarily on the music.

Alternative story of ‘Cinderella’

But do we really know the story of Cinderella? Or is there just one story of this famous fairytale? Talking to the creators of the Jerusalem Opera performance, I had the notion: no. Or rather, each of us who grew up on it has our own favorite version.

Although it is based on the well-known fairytale, Massenet was not content with the children’s story; he designed a gentle, dreamy, and sometimes melancholic world, alighting on shifts from external events to the universe of inner emotion, such as loneliness, longing, and love, or at least the possibility of loving.

Massenet, Arieli told In Jerusalem, underlined the role of a father. That, to some opera viewers, could be a surprise, because in many popular versions of Cinderella, the father has already passed on. In Massenet’s take, he is still in the picture – as pointed out by the show’s stage director, Daniel Lasry, though “not fully present in the life of his daughter.” 

Lasry, 32 and a former opera singer, also takes a fresh approach to the story: “It’s about dating life, a very relevant story; I based it on my dating experiences, and of people I know,” she shared. 

“The center for me is the internal fire,” noted Lasry. “Like the fireplace is also part of their home.”

Cinderella will be performed by respected soprano Mima Millo, who is based in Berlin and returns to Israel especially for the show; the stepmother by Noa Hope Sion; the stepsisters by Shlomit Kovalsky and Yahav Dagan Gersht; and Prince Charming by Nadezhda Gaidukova. 

Mima Millo, acclaimed soprano. (credit: Oliver Krause)

It is interesting to notice that the prince is written not, as might have been expected, for a tenor, but for a mezzo-soprano, a female voice. “Massenet emphasized the prince’s sensitive nature this way,” said Lasry.

Talking about the father’s character (the role entrusted to Ivo Yordanov, a Bulgarian baritone, the soloist of Varna Opera House, who flew to Israel to perform at The Jerusalem Opera), Lasry noted: “He is a widower after his first wife [passed away], the mother of Cinderella. 

“About the stepmother, we don’t know much, but we know it’s her second marriage, because she brings her daughters. So, this is a house with a lot of emotional baggage. There’s some pain, some memories of the past. The stepmother promotes her daughters, but the father doesn’t have enough strength to do the same for his daughter.”

Nofar Yacobi, the Fairy  Godmother. (credit: HAIM KIMCHI)

This comes to a head with Cinderella: “So Cinderella is left alone. She’s by herself; she doesn’t have anybody to take care of her. She has to take care of herself. But when she goes to the ball…” And there the story continues.

The Fairy Godmother grants Cinderella a new identity for the ball with her magic, but the magic is temporary, and at the decisive moment, Cinderella chooses to obey the fairy’s instructions and leave the palace.

Here we arrive at another, non-traditional interpretation of the story. Lasry’s view on the character of the Fairy Godmother, sung by award-winning Israeli soprano Nofar Yacobi, is surprising to me.

“I see the Fairy Godmother as a witch, rather than a fairy,” she said. She is not even sure whether the Fairy Godmother existed or was only dreamed by Cinderella. The audience can decide for themselves after seeing the show.

Thus, Massenet’s Cinderella, as interpreted by Arieli and Lasry, with choreography by Yasmin Gariv, is not only a story about the princess and the glass slipper but also a work about love and inner exploration, inviting us to return to a familiar fairytale and discover that true magic lies in what already exists within us. 

Beyond the familiar plot, the opera offers a story about identity, boundaries, and choice.

This one-time opera show took a long time to prepare. 

While Arieli asserts that “every world’s capital deserves an opera house,” The Jerusalem Opera – which he co-founded in 2011, with a gala debut in 2012 – still doesn’t have its own stage or permanent building. Working on each opera requires additional efforts, at various locations and stages.

Moreover, unlike other opera houses, The Jerusalem Opera doesn’t have, for example, a permanent choir or a dance corps.

Arieli personally cast 12 members of the opera choir especially for this production and rehearsed with them for many months. 

“Each of them has a solo part to sing,” he said. What will also be visibly different from other opera performances is that the orchestra – in this case, the Jerusalem Symphony Orchestra – will be on the stage. 

This creates some challenges for the creators, Arieli shared, but can also be a special treat for the viewers to observe the musicians during the opera performance.

As for the Arieli-Lasry duo, Lasry met the maestro (in Italian, a conductor but also a teacher) Arieli when she was a 17-year-old singing student, as her teacher and accompanying pianist. So they have known each other for many years and also hold a long-term professional connection.

In the case of collaborating on Cinderella, Arieli played the entire opera for Lasry on the piano, thereby explaining the role of particular instruments in the opera. Afterward, for months, they worked separately – Lasry on the stage interpretation, Arieli on the musical side. They joined their efforts only recently, a few weeks before the Jerusalem premiere.

Arieli’s own road to Jerusalem began in Florence, Italy, where he was raised and educated. He first came to Israel in the mid-1990s as a young man. “When I served in the IDF, I decided to settle in Jerusalem,” he recounted. “I knew I wanted to start a family, work, and live in Jerusalem.”

Post-IDF, he spent several years in Europe building his musical career. 

“But I knew I would eventually come back to Jerusalem” – and some years later, he did. One of his dreams was to give opera lovers in Jerusalem the opportunity to hear the best operas without having to travel to other cities.

The Jerusalem Opera seeks to provide opportunities for performers and artists at the beginning of their careers to collaborate with experienced artists. Arieli wanted “to create a stage for Israeli singers and musicians, including new immigrants, and other artists from Jerusalem and throughout Israel.”

It manages to do so with support from the Culture and Sport Ministry, the City of Jerusalem, and the Jerusalem Foundation. Donations from other foundations and private donors comprise about 80% of its annual budget. Despite the pandemic and war, The Jerusalem Opera continues to create new performances.

“Since the tragic events of October 7, cultural activity has been a source of compassion, support, and strength,” Arieli noted. 

Over the last 15 years, The Jerusalem Opera has performed classics from the world’s opera repertoire and seeks to expand it with operas based on Jewish themes and to commission new works. Its first major production in 2013 was Mozart’s opera Don Giovanni staged in the majestic surroundings of David’s Citadel, using the walls of Jerusalem’s Old City as a natural backdrop. 

In the following years, opera productions included The Marriage of Figaro, The Barber of Seville, Hansel and Gretel, and La Canterina. Last year, a Puccini evening offered a double bill of Il tabarro and Act II of Tosca.

The Jerusalem Opera collaborates with leading musical institutions, including, as in this case, the Jerusalem Symphony Orchestra (JSO). In spring 2023, they joined with the JSO to show the opera Thérèse Raquin by Israeli composer Aharon Harlap.

The Jerusalem Symphony Orchestra, for its part, is in its 88th season. 

Legendary musicians have been giving concerts with the JSO for several decades, including Igor Stravinsky, Otto Klemperer, Arthur Rubinstein, Yehudi Menuhin, Mstislav Rostropovich, Isaac Stern, Pablo Casals, Igor Markevitch, Henryk Szeryng, Yo Yo Ma, Pierre Boulez, Neville Mariner, Christa Ludwig, Tabei Zimmermann, Martha Argerich, Radu Lupu, José Carreras, Jean Pierre Rampal, Maxim Vengerov, and Yefim Bronfman.

There is no history without culture, art, and music, so we can easily say the Jerusalem Symphony Orchestra built Israeli history.

The most outstanding premieres performed by the orchestra include Milhaud’s opera David (1954); the cantata Abraham and Isaac by Stravinsky, conducted by Robert Craft (1964); and Krzysztof Penderecki’s Seven Gates of Jerusalem, conducted by Maestro Lorin Maazel, commissioned to conclude the 3000th anniversary celebrations of Jerusalem (1999). 

Supported by the Culture and Sport Ministry and the City of Jerusalem as well, the orchestra regularly performs at the Israel Festival, and also frequently tours Europe and the US – performing in famed concert halls such as Vienna’s Musikverein, the Cologne Philharmonic, and New York City’s Carnegie Hall.

This one-off performance of Cinderella is generating great anticipation among music lovers, especially opera enthusiasts. This take on the famous story is not just for children, and it is ripe for all of us to explore. 

When longing for love, warmth, and understanding has no age limit, a fairytale can happen to anyone.

The opera will be performed in traditional costumes, in French with Hebrew and English subtitles. jerusalemopera.com/cinderella-
cendrillon/?lang=en

This post was originally published on here

Watch this episode without interruptions.

When Dr. Anna Harwood-Gross’s team finally cleared years of ethics reviews and was awaiting its first delivery of MDMA in October 2023, the war arrived instead.

Testing psychedelics on traumatized soldiers while rockets fall was, as she puts it, a paradigm no one would call ethical, so they stopped.

What changed her mind is the heart of this conversation: as PTSD cases surged, she realized that studying trauma treatment during ongoing violence wasn’t reckless but urgent, and not just for Israel, but for places like Ukraine, Sudan, and Nigeria, where continuous traumatic stress is the norm. This way, the research, funded by the METIV Israel Psychotrauma Center, got back on track.

The interview reveals what the treatment actually looks like: eight-hour sessions, two therapists, a lit candle and music. Harwood’s trial runs two arms, one with MDMA, one with a rigorous talk-based method called SEAT, because many people can’t take psychedelics or won’t surrender that much control.

Harwood-Gross called MDMA almost “a third therapist in the room,” then complicated her own story: the oxytocin “love hormone” everyone credits doesn’t track with dose, and some drug-free patients’ results are indistinguishable from those who took the drug. With standard military-trauma therapy succeeding only about 40% of the time, the other 60% are who this research is racing to reach.

It’s a rare look at science being built in real time, candid about what’s unknown, what the FDA won’t yet approve, and why a method this powerful is still too expensive to scale. Harwood-Gross talked about veterans carrying untreated wounds since the Lebanon wars, academic boycotts cutting off life-saving collaboration, and the funding limbo this work sits in. 

This post was originally published on here

NEW JERSEY – Lance Dunlop was, the day I met him, technically still a soldier in the United States Army. By the time you read this he will not be. He told me it was his last day in uniform almost in passing, the way you might mention you’d skipped lunch, and then he got back to the more pressing business of explaining how he had arranged to move to Haifa.

Dunlop is a psychiatrist. He lives in Alaska, where there is a great deal of snow and a large military presence, and he runs a medical practice there. In August, he will start work as an attending physician at Rambam Health Care Campus in Haifa, where there is very little snow. He already has the job. He already has his Israeli medical license and his board certifications. What he does not quite have is a tidy explanation for why a man with, by his own account, a very good life in Alaska would give it up for a country that spent much of the last two years under rocket fire.

“Part of it’s scary,” he said. “I love my life here. I have a really, really good life. But I know that I’m not going to be happy unless I’m in Israel.”

He is sixty, give or take, and the story doubles back forty years. In 1984 he came to Israel at eighteen on a year program at Tel Aviv University. He was meant to leave after a year. He didn’t. He stayed, made Aliyah, and served four years in the IDF as a paratrooper, including combat in Lebanon. He did not get into medical school in Israel. “You have to be freaking brilliant,” he said, and waved the memory off. So he went to the University of Pennsylvania instead, became a doctor in America, and joined the US Army Reserve. He did not expect to go back to Israel. Then, a year ago, the Army sent him to Israel as part of an American air-defense unit protecting the country from missiles, and somewhere on the tarmac at Ben Gurion the thing he had buried for forty years came back up.

There is a story he tells about that deployment. An Israeli sergeant, the one in charge of discipline, took him aside to ask why he was wearing an American army uniform. “Because I’m an American soldier,” Dunlop told him. He said it was an eye-opening moment for both of them. He was wearing the colors of one country and standing, he felt, in another.

A ballroom that doubles as a departure gate

I met Dunlop at MedEx, an annual event run by Nefesh B’Nefesh, in partnership with Israel’s Ministries of Aliyah and Integration; Health; and the Negev, Galilee and National Resilience; as well as the Jewish Agency for Israel. It has quietly become the single most efficient on-ramp into the Israeli healthcare system that exists anywhere in the Jewish world. This year’s edition, in a hotel in New Jersey with a Starbucks next door, drew some 350 medical professionals from across North America. It was the largest international MedEx to date, according to the organizers, with physicians from roughly 31 specialties alongside dentists, nurses, genetic counselors, psychologists and the rest.

The room was a strange and rather wonderful hybrid. The main ballroom was dim and a little party-ish, with tables of food and a low hum of conversation, and people drifting off to talks happening in other rooms. But it also had the unmistakable energy of a transit hub. Everyone had somewhere to be: a desk, a table, a station in the room next door where you could get your medical documents and certificates scanned. People moved through it with the butterflies-in-the-stomach look of travelers about to board a flight they have wanted to take their whole lives, except that the flight was a country and the boarding pass was a stack of notarized paperwork.

Nefesh B’Nefesh’s pitch is that it removes the stack. A medical professional can walk in and, over a single day, walk out with a license conditioned on making Aliyah, a job lined up with an Israeli hospital or health fund, and (new this year) a Hebrew proficiency test already behind them.

“That means when you hit the ground you have four or five days until you have a license in hand,” Rabbi Yehoshua Fass, the organization’s co-founder and executive director, told me. “And you have a job lined up, because the hospitals and the medical clinics have been fighting for you during the day to offer you a position. It is a dream.”

Fass, who co-founded Nefesh B’Nefesh in 2002 with its chairman, Tony Gelbart, has been doing this for twenty-four years, and he talks about the medical track the way an engineer talks about a system he is proud of. The bureaucracy used to take a new doctor almost a year on arrival: a year of forms and licensing and the supervised clinical period Israelis call the stage, a year in which you could not work or earn while the paperwork ground on. “You would be twiddling your thumbs,” he said. MedEx compresses that year into a day, or close to it.

This year they added two things. The first is a small technological flourish: every registrant wears a QR code that holds their entire CV, so that when a doctor sits down at a hospital’s table the representative scans the badge and the whole resume (specialties, residencies, subspecialties) loads into the system, instead of being scribbled out by hand. The second is more consequential. A new rule requires doctors to pass a Hebrew proficiency test, and rather than make people wait until they reached Israel, Fass had the examiners brought to New Jersey. Upstairs, in a classroom on the second floor, olim-to-be sat the YAEL exam.

I had been on the receiving end of the problem that test is meant to solve. I have sat in an Israeli doctor’s office where the doctor’s English ran out before my Hebrew began, and we sort of met in the middle and hoped. “So in this kind of environment,” I said to Fass, “you’re making sure the Israelis who live in Israel are going to get the same service from the people who’ve just arrived.” He nodded. “That’s the Ministry of Health that added that level this year.”

Nefesh B’Nefesh co-founder Rabbi Yehoshua Fass pictured at MedEx in New Jersey. (credit: EZRA TAYLOR/THE JERUSALEM POST)

Why a country needs to import its doctors

Behind the optimism in the room sits a hard arithmetic. Israel’s universities train fewer than a thousand doctors a year, and by the reckoning of the Aliyah and Integration Ministry the country needs closer to two thousand. The gap has a demographic edge to it: the enormous wave of immigration from the former Soviet Union in the 1990s brought with it a generation of doctors who staffed Israeli hospitals for three decades and are now retiring, all at roughly the same time. A steady number of Israeli-trained doctors also leave to work abroad, a long-running feature of the system that no one ministry has quite made its own. The shortfall is felt most acutely in the northern and southern districts the program is trying to staff.

That is the gap. Western Aliyah is one of the ways Israel is trying to close it.

In 2024 the ministry launched the International Medical Aliyah Program, IMAP, with a target of bringing 2,000 doctors to Israel by 2029. It is backed by the Marcus Foundation, the Gottesman Fund, Jewish Federations of North America, the Azrieli Foundation and the Arison Foundation. Since its launch the program has, by the ministry’s own account, brought more than 1,100 doctors in about two years, past the halfway mark. Of those 1,100-plus, 179 came from North America. The bulk came from elsewhere, much of it from the east, and some of that was, as Minister of Aliyah and Integration Ofir Sofer put it to a group of us, a windfall: doctors leaving Eastern Europe because of the war in Ukraine, some of whom were “on the road” anyway and whom Israel simply caught as they passed.

That is what an event like MedEx is partly for: to grow the North American share, in a part of the world the program is still working to reach.

The model leans hard on geography. The grants are bigger if you go where Israel most needs you. A new oleh in the center of the country might get a token housing subsidy that shrinks each year; one who moves to Dimona, or Karmiel, or up into the Galilee, can have the state cover something like 40 percent of the rent. “Today, more than ever, the State of Israel needs quality doctors in Safed, Metula, Kiryat Shmona, Beersheba and Dimona,” the Minister for the Negev, Galilee and National Resilience, Yitzhak Wasserlauf, said in a statement. The ministry pours additional money into hospitals in those regions to make the hires worth their while.

Reena Pankower, who was there representing that ministry, put the sell more plainly. The periphery offers a quieter life, she said, and less competition. “There’s more room for growth, there’s more room to establish themselves.” And there is something else, harder to put on a grant form. “There’s also a certain sense of shlichut,” she said. Mission. The people who choose Safed over Tel Aviv, in her experience, are the ones who wanted to feel needed.
Every stage of the same journey, in one room
What made the day absorbing was that the room held people at every point on the road at once.

Some had only just stepped onto it. Nina Epstein, a pediatrician, and her husband, Yoni, an anesthesiologist, had come because a daughter is making Aliyah and they have decided to follow her. They had been to exactly one lecture. “We just went to one lecture, so we have a lot of questions,” Nina said. They were not at the document stage. They were barely at the deciding stage, except that they had, clearly, already decided. When I asked whether it was the pull of Israel or a push out of America, Yoni thought about it. “I think the pull factor is stronger than the push,” he said, and then, after a beat, “although, has it gotten a little more uncomfortable? Yeah.”

Others were nearly done. David Sloan, an allergy and immunology physician, is moving to Haifa at the end of July with a fourteen-year-old daughter for whom he has already found a school. He has finished his documents. He came to the event to talk to hospital systems about academic medicine and medical education, and he wanted me to understand that none of it would have happened without help. “I’m one of those guys who almost didn’t go to college because I cannot fill out forms,” he said. Without Nefesh B’Nefesh walking him through every step, he reckoned, the move would have been almost impossible. Before their help, the process had been “just a morass of, how am I possibly going to navigate all this bureaucracy.”

And some were essentially at the finish line, signing off on a decision made long ago. Dr. Chava Blybis, a trauma and critical care surgeon, was at her third MedEx, mostly because she had been missing a document last year and wanted it done right. She did not need much convincing about the move; she has been working in Israel since October 7, operating on soldiers and civilians at Barzilai Medical Center and Ziv Medical Center. Trauma, she said, is a language of its own. “No matter where you go in the entire world, we’re all taught the same A, B, C, D, E.” The Hebrew sorts itself out. The work doesn’t change.

Talia Kupferman, a genetic counselor who works in an IVF clinic, was somewhere in the hopeful middle, five years into a five-year plan, documents in hand, waiting in line to open her file. At one point she lifted two diplomas to show me, a bachelor’s from Stern College and a master’s in human genetics from Sarah Lawrence College, and I noticed they were still in their photo frames. She had taken them straight off the wall to bring them, I noted. “Literally,” she replied. There is something about a person carrying their framed degrees through a hotel ballroom that captures the whole enterprise: the proof of a life’s work, held against your chest, on its way to being translated into another country’s language.

Genetic counselor, Talia Kupferman shows off her framed degrees taken from off the wall to bring to the MedEx event. (credit: EZRA TAYLOR/THE JERUSALEM POST)

She had been preparing for that translation for years without quite calling it preparation. During COVID she had shadowed the genetics team at Hadassah, and she kept a notebook: every Hebrew word she didn’t know went in it, and after each session she asked a doctor or counselor what it meant. The same medical words kept recurring, and slowly but surely they stopped being foreign.
The ones who aren’t going, and the one who can’t not
Not everyone in the room was leaving, and the honest ones were worth listening to most.

Dr. Brian Smolarz, an endocrinologist from New Jersey, came purely to find facts. He has no Aliyah plans. He is, he said, a planner by temperament, the sort of person who likes to know what he would need to do before he ever needs to do it. But when I asked whether the changing climate for Jews in America was pushing him toward Israel, the question nearly everyone else answered with some version of yes, he gave the opposite answer. “Not really for me,” he said. His job, as he saw it, was “to be a proud American Jew” and to demonstrate his Judaism openly at home, as a kind of pushback. He loves Israel and wants to support it. He just does not, for now, plan to live there.

Talia Kupferman, for all her certainty about her own move, was just as firm that it was hers and no one else’s. People in her community feel the pressure, she said, and she will not judge anyone who feels it differently. “If you want to, that’s great. You go at the time that’s right for you. There’s no point in going if it’s not right.” The time, for her family, is now. That it is not now for someone else is, to her, simply a fact about that someone else.

And then there was Dunlop, who could not have answered Smolarz’s question if he tried, because for him there was never really a question. Late in our conversation he got his phone out to show me photographs from Lebanon in the 1980s, his unit, a submachine gun, a hill above Nabatieh he and his comrades had just retaken, and the phone froze, and we spent a companionable minute trying to force-restart it. He is a child psychiatrist now, and he had his own combat trauma once, untreated for years, which is most of the reason he became one. He was careful to say he was not arriving with all the answers for a traumatized country. “It’s not just this thing where, hey, I’m coming with all the answers, I know everything. No. It’s a relationship. It’s dynamic. We do it together.”

What he would say to someone on the fence, he told me, was simple. Go and look. Reach out. “If it feels right to you, or even if it halfway feels right, or a quarter feels right, then you can’t let that fire go away. You have to explore it.” Maybe it won’t be for you. But you have to find out.
‘The right place on the ship’
One of the first people I spoke to all day was Howard Winter, a dentist from New York who is about to turn 62 and who has been dreaming of this for thirty-six years. He chose dentistry, partly, because it was a good profession to carry to Israel, and then life got in the way, as it does, and the dream waited. His three daughters are all in America. His apartment in Netanya is nearly finished. He is not coming to drill teeth; he has ideas about building businesses, a medical referral service, work that uses his head more than his hands, “because my body hurts me a lot.”

I asked him what made now the time, after a difficult few years for the country. He did not flinch.

“It’s been difficult all the time. I think now it’s just different difficult,” he said. “I do believe we’re living in very unusual times. If you’re going to go down with a ship, you might as well go down in the right place on the ship.”

I said it sounded like an optimistic message, and he agreed. He was not being grim. “I’m pretty optimistic. I think the best years are yet to come.”

By late afternoon, the ballroom was thinning out. The QR codes were still being scanned. Upstairs, somewhere, a few last people were finishing a Hebrew exam they would not have had to take a year ago, in a country that needs them more than it can comfortably admit. The diplomas were going back into their bags. And the doctors were going home to New Jersey, and Alaska, and New York, for now, to pack.

The writer attended MedEx New Jersey as a guest of Nefesh B’Nefesh.

This post was originally published on here

The smell of fresh oil paint still hangs in the air at “No Way Around It,” the first comprehensive solo exhibition by Broken Fingaz in Tel Aviv. Presented at the Nassima Art Foundation, the works were created specifically for the show, marking a new phase for the internationally acclaimed collective.

While Broken Fingaz has exhibited internationally for years, from major street art festivals and public commissions to group shows and institutional exhibitions, this presentation explores the act of painting itself and the physical experience of working with oil on canvas.

Broken Fingaz is composed of core members Tant, Unga, and Deso. The artists have worked together since the early 2000s, forming a continuous collaborative structure that has remained intact across geographies, working conditions, and production formats. That continuity reads less like stability and more like a line repeatedly drawn over itself, thickening rather than breaking.

For this exhibition, the collective has produced a body of oil paintings, drawings, and wooden sculptures. The works were developed within their shared studio pracwtice rather than as individually authored works. The production process, according to the collective, is collaborative and iterative, with works often evolving through internal exchange rather than a linear process of individual execution.

Throughout its practice, Broken Fingaz has worked in multiple formats, including large-scale murals, screen printing, animation, and installation. These formats are used in parallel rather than sequentially, forming a practice that moves between street-based production and institutional display, without fully abandoning either. Its practice behaves less like a ladder than a circuit – images returning in altered form, depending on where they appear.

According to the exhibition materials, the works in “No Way Around It” mark a shift in medium and approach. Earlier works associated with the collective often relied on graphic clarity and narrative structures developed for public visibility and reproduction. The new works combine figurative and abstract elements within layered compositions, in which forms are continuously reworked within the painted surface.

The shift into oil painting introduced different conditions from those that characterized earlier street and graphic production. Oil painting requires slower development, longer production cycles, and a more layered accumulation of decisions over time. If graffiti operates like a fast wound that closes as soon as it opens, oil painting behaves more like scar tissue, thicker, slower, resistant to erasure. Within this context, the works are presented as studio-based objects rather than public interventions.

In recent canvases like Unga’s Broken Wing and Lake Atitlan, along with Deso’s Egg Thief and Soul Rescue, this material shift is laid bare. Figures stretch and melt into dense color fields, showing a departure from clean digital outlines. Similarly, Tant’s Silver Lake and Depth Charged extend this intuitive and experimental approach to figuration, where the paint itself carries an atmospheric weight. The canvas becomes a dense ecosystem where images rarely breathe, oscillating between carnival and collapse.

In an interview ahead of the exhibition, Tant and Unga describe the show as a consolidation of the collective’s current working phase.

“I feel, in a way, that this is kind of our first exhibition,” he says, “or at least the first exhibition in our current incarnation, where we became kind of obsessive about painting.”

He continues: “It’s the first time we managed to somewhat package everything that happens with us in the studio and bring it out and say to people: ‘Here, this is what we do.’”

The move into a gallery context fixes this studio process within an institutional frame. Works that were previously developed in relation to public space and temporary conditions are now presented as objects intended for sustained viewing. The wall, once a surface of urgency and disappearance, becomes containment.

‘In The Beginning , we lived together, created together, traveled together.’ (credit: Yona Preminger)

A shared beginning

For Broken Fingaz, working almost as one unit felt natural from the start. The origins of that approach are tied to the childhood environments of two of its core members, Tant and Unga, who grew up in Haifa within an experimental artistic collective known as the Tav Group.

The Tav Group consisted of several families that lived and worked together in a valley near the foot of Mount Carmel.

“They were architects, designers, artists,” Tant recalls. “They created installations in nature, sculpture in the woods. They also designed exhibitions and buildings, and they lived together.

UNGA (Broken Fingaz), ‘Broken Wing’ 2026, oil on canvas.  (credit: Courtesy Broken Fingaz and Nassima Art Foundation)

“We lived together, five families,” he says. “I was born there and grew up there until age 10, until the authorities made us leave.

“It was a very, very special place, a way of life, very communal, completely amazing, perfect as a child, at least from our experience.”

Within this environment, creative work was integrated into daily life. Work occurred in shared spaces and involved collaboration among adults who operated collectively.

DESO (Broken Fingaz) ‘Egg-Thief’, 2026, oil on canvas. (credit: Courtesy Broken Fingaz and Nassima Art Foundation)

“They were always doing projects, and we were part of it; we saw dad working in the studio, and dad and his friends creating installations together.

“It was very, very, very natural that this is how you create art, and it is together.”

Artistic production was continuous and collective, without clear division between authorship roles.

TANT (Broken Fingaz) ‘Depth Charged’, 2026, oil on canvas. (credit: Courtesy Broken Fingaz and Nassima Art Foundation)

After the dissolution of the Tav Group environment and the relocation of the families, this model of shared production did not disappear. It reemerged later in different forms, first in graffiti practice during adolescence and later in the formal structure of the collective.

What had been a domestic ecology of making became, under different conditions, an urban one, less protected, more exposed, but structurally similar in its insistence on “together.”

Say my name

Broken Fingaz began operating formally in 2001 in Haifa within the local graffiti scene. At this stage, the members were working outside institutional frameworks and without formal artistic training. The formation of a graffiti crew was based on functional and material conditions of production rather than a defined artistic program.

DESO (Broken Fingaz), ‘Soul Rescue,’  2026, oil on canvas. (credit: Courtesy Broken Fingaz and Nassima Art Foundation)

“In graffiti, there is this thing called a crew,” Tant explains. “It has to be, because there has to be someone who watches your back while you do a piece.”

The crew structure functions as a practical system for collaboration in public space, particularly in environments where graffiti is executed quickly and often under conditions of illegality or risk.

“And then that thing is formed,” he continues, “and then when you pour the values or aesthetics we grew up on into this thing, something new is created that is unique to us and that we sort of nurtured over all the years.”

‘No way around it,’ exhibition display at Nassima Art Foundation. (credit: Amit Abargil)

Graffiti, both Unga and Tant agree, operates through repetition, visibility, and spatial placement. It involves the repeated marking of names or symbols within the urban environment.

“The basic essence of doing graffiti is writing your name as many times as possible,” Tant says. “It is not political. I see it as a sort of game.”

“The graffiti that was created in the late ’70s, early ’80s, before the social messages and all kinds of street paintings… specifically this graffiti we are talking about. Its goal is to put your name as big as possible in the most central place, as many times as possible.”

For the graffiti crews, the city functions as a field of competing visual systems, including advertising, signage, and other forms of public communication. Graffiti operates by occupying space without authorization. The city becomes a layered surface that is constantly overwritten, where visibility is temporary and contested.

“It happens in the city; it cannot happen in a village,” Tant notes. “Because you are surrounded by so many advertisements and images and signs, and then you come and take your space, because nobody will give it to you, and you don’t have money to buy a billboard. So it is political in the anarchist sense, or in the activist sense of: I come and simply take direct action. Every such action is a political action of sorts.”

The practice is also shaped by its temporal conditions. Works are often removed, overwritten, or painted over shortly after execution.

“You paint something, invest time, think, and the next day they buff it. You get used to it,” Tant recalls. “After it happens for years, it really affects you. You are like, okay… you become a bit numb in a good way. You saw they erased your work there – also good, fine. I had fun painting it, I even have a photo; fine.”

That repeated erasure functions almost like a training system: it removes attachment before it can stabilize.

Moving outward

As the collective expanded from local graffiti into international mural production, animation, and institutional exhibitions, its working method developed into a distributed practice operating across geography and time.

Broken Fingaz has exhibited at institutions including the Royal Academy of Arts, Saatchi Gallery, Urban Nation Museum in Berlin, MIMA in Brussels, and the Tel Aviv Museum of Art, as well as in group exhibitions such as “Beyond the Streets,” which focuses on graffiti and street practices in institutional contexts.

Throughout this expansion, the collective maintained anonymity regarding individual authorship.

“By our very nature we are quite anonymous people – we don’t like our faces preceding us,” Unga says. “It is just something that feels natural to us.”

“Originally, it comes from not wishing to expose your identity because what you are doing is illegal,” explains Unga. “But it became a habit, a part of who we are. It also gives the art more space to shine. If you Google ‘Broken Fingaz,’ the results show our art, not our photos. We think it’s cool.”

The collective operates across multiple geographic locations. Unga is based in London, while Tant lives in Klil in northern Israel, and Deso lives in Switzerland. Despite this physical separation, the collective maintains continuous communication.

“We got used to it,” Tant explains. “There was the Haifa period, in the beginning, where we lived together, created together, traveled together.” After that, for almost a decade, they operated almost like a single body moving from project to project.

“Now we meet only a few times a year, but we talk on Zoom almost every day. We show things to each other, share all the time, and talk about directions and insights.”

He describes the collective as a shared system of visual production rather than a set of individual practices.

“As a group, we created a language, a ‘bag of imagery,’ and a message – this whole thing that we share. It belongs to all of us. We can take from it, and we can contribute to it. It is the entity that we created.

“Within that, everyone has space to express themselves and to reflect their character and individual issues. It is a personal expression. There is absolute freedom in the sense that you can bring anything, you can use this pool, and there is no sense of mine and yours – this was my idea; I want it.

“No, it is the opposite; everyone brings. In the end, everyone benefits. There is no hierarchy of authorship. Nobody really knows who did what; and that, even on an ego level, usually doesn’t matter.”

When called to produce a mural for a festival or a city, execution often diverges from initial sketches during production, with adjustments made on site as the work develops.

“The process is very dynamic; it can happen in different ways,” Tant explains. “A lot of times we approach a project, and we all work on it at the beginning, sending sketches to each other, bringing ideas. Sometimes we leave the choice to the festival, and we are fine with whatever they choose. Then we execute it together, and even in execution, there is no one-to-one relationship with the sketch.

“On the last wall we did in Italy, there was a sketch by Deso, and when we arrived, everyone added something along the way. ‘Wait, maybe here it is better like this, let’s erase that, let’s change this.’ In the end, even if it starts as one person’s idea, it becomes something else entirely.

“You do need to let go. You think you had a plan, but then the work shifts. It’s a matter of dynamics: we know each other well, so sometimes someone has a clear vision, and the others let go, and sometimes we all adjust together.”

On occasions, they have to respond to scale limitations, adapting materials to the requirements of large architectural surfaces.

“In the last painting we did in Italy, we had to invent new tools,” Tant says, describing how, after being immersed in studio work for a long period, they had to adjust to working out in the street again. “We were released with all this energy to bring our new art from the studio out, but suddenly we were stuck because there were no brushes in that size.

“So we started experimenting, went to the hardware store and bought everything. In the end, we connected two brooms with screws and used them as a brush. We used rags and giant sponges, and we called it the octopus because it looked like a strange creature. You work standing on a lift, so your movement is limited. You dip the octopus in a bucket of paint with both hands and move it on the wall to the person standing on the lift next to you, who takes it from there and continues the line. Then, when you step back, it looks like a single continuous line.”

Away from the digital world

By the mid-2010s, the collective encountered the influence of digital circulation systems on visual production. Works that translated effectively into online formats often received higher visibility and engagement, introducing a feedback loop between image production and platform reception.

“If you look at our Instagram page, the work was so consistent; everything was very coherent, and got many likes.

Everyone loved that sort of thing, those images. Then, suddenly, we upload images that receive maybe two likes. Our audience doesn’t understand what is going on with us,” Unga explains.

“That is the negative effect of social media, because everything is so immediate. There are a lot of artists who are affected by this.

“If you are used to receiving many likes, and then you upload something and it doesn’t get them, the algorithm kind of pushes you to do things that people like. What that creates is doing things that work – meaning, things that look good on a screen, things that are familiar because people like that. It becomes very clear. So it is a bit of a struggle.”

In response, the collective shifted toward oil painting.

During this period, the collective also studied informally with instructors in Haifa. These studies focused on composition, structure, and painting technique.

“Not formally, but we had different teachers along the way. “We studied with Gennady, a high school teacher a lot of people in Haifa had studied with,” Tant recounts.

“Later, about seven years ago, Anna Lukashevsky from the Barbizon group moved to Haifa, and that was at the time when we wanted to start doing oil paintings. We took lessons with her, which was for a short period, admittedly, but at least for me it had a strong influence.

“Technically she had a lot of knowledge, and also she opened my mind to artists I didn’t understand before, or [whose works, I] thought, were, like, disgusting stuff, and she laughed at me, like I was a child. And slowly I started to understand.”

The shift in medium also changed the way earlier artistic influences resurfaced in their work.

“We always loved art. We knew a bit, we had books at home by David Hockney and Matisse and so on, but that didn’t feel relevant when we were kids. Now, from our perspective at this time, it is much more relevant,” Tant says.

He describes this process as a reversal of influence tracing:

“In music, you listen to hip-hop and then you start looking for the samples, and then you realize it comes from punk bands, and then who influenced them, and you dig backward.

“It happened to us, too. Over time, what we did didn’t give us the satisfaction we needed, the excitement, the challenge, the depth, and we found all that in painting.”

The transition also resulted in a period of reduced digital visibility, which they chose to accept as a necessary condition for their stylistic development.

Having to dig deep, Tant admits that the group helps. “Also now, because we do work separately and there are days, hours, when you are by yourself and so on, there is always support. There are three minds working together, in partnership, toward a specific goal.”

When one looks at the works in “No Way Around It” at Nassima, there is a sense of joy, of painting as something done for its own sake, of the pleasure of creating an image through the act itself.

“When you say that, it is really the best compliment we can get,” say Unga and Tant. “It is saying to us ‘Wow, how fun it was to have this color in the studio,’ and yes, that is what it feels like to us.”

At the same time, the process carries its own internal tensions, with moments of difficulty and doubt, held alongside a steady sense of direction.

“There is suffering, and there are dilemmas, and anger, and crises, and the sketch isn’t moving forward, and what I thought doesn’t work – of course there are. But still, this joy fits perfectly here,” Tant explains.

“Being here at the opening and seeing young guys who don’t necessarily go to exhibitions coming and enjoying it, that was really cool for us, because it is as if we managed for a moment to carry you into our passion for painting, and make it look relevant.”

The exhibition will run until June 24 at Nassima Art Foundation, 55 Ahad Ha’am Street, Tel Aviv. Tel: (03) 612-6969, nassimalandau.com. Opening hours: Monday-Thursday, 10:30 a.m.-6 p.m.; Friday, 10:30 a.m.-2:30 p.m.

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Rafael Advanced Defense Systems has introduced Hunter Eagle, a compact kinetic interceptor designed to counter the rapidly expanding threat of low‑altitude unmanned aircraft on the modern battlefield. First shown publicly at Defence Security and Equipment International  (DSEI) 2025 and now presented in its serial configuration at ILA Berlin 2026, the system marks an expansion of Rafael’s layered counter‑UAS (C‑UAS) portfolio.

Low‑altitude drones (those that range from hobby‑class quadcopters to larger Group 3 platforms) have become one of the most disruptive technologies on the modern battlefield. Their ability to fly low, evade radar, and deliver precision‑guided or improvised munitions has forced militaries to rethink air defense from the ground up. The proliferation of cheap, expendable drones has also overwhelmed traditional point‑defense systems, creating demand for interceptors that are fast, precise, and cost‑effective.

IDF troops operating in southern Lebanon have been facing low-altitude drones launched by the Lebanese Shia terror group Hezbollah, with over a dozen soldiers and reservists killed and numerous more wounded. 

Israel’s Defense Ministry, through MAFAT and the defense-tech ecosystem, has been rushing to find solutions to the threat and Hunter Eagle is Rafael’s answer to that challenge.

A compact, reusable hard‑kill interceptor

The interceptor is a vertical‑takeoff‑and‑landing (VTOL) drone standing roughly 0.4 to 0.5 meters tall and weighing between 5 and 10 kilograms. Its cylindrical fuselage houses an electro‑optical seeker, while cruciform wings carry electric motors with three‑blade propellers at each tip. The design allows for rapid vertical launch from a four‑legged ground support unit, followed by autonomous terminal guidance once the seeker locks onto the target.

Unlike loitering munitions or explosive‑laden interceptors, Hunter Eagle uses a pure hit‑to‑kill mechanism. It carries no warhead, eliminating the risk of collateral damage-an increasingly important requirement as drone engagements shift closer to urban areas, critical infrastructure, and friendly forces. If it misses or the mission is aborted, the interceptor can return to its launch point and land vertically, ready for re‑tasking.

The system can be deployed as a single interceptor or launched in coordinated swarms to counter multiple simultaneous threats. It is engineered to engage Group 1 through Group 3 unmanned aerial systems, covering the spectrum from small quadcopters to larger fixed‑wing drones commonly used for reconnaissance, strike missions, and kamikaze attacks like those seen in Lebanon.

The system integrates into Rafael’s broader Drone Dome suite, extending the company’s detection‑classification‑neutralization chain into a hardened kinetic layer. Drone Dome includes electronic‑warfare and directed‑energy effectors, while Hunter Eagle adds a reusable hard‑kill option for drones that are resistant to jamming or require physical destruction.

A response to the low‑altitude threat environment

According to Rafael, the company developed Hunter Eagle under a new internal directorate focused specifically on low‑altitude threats – a domain that has grown in importance as state and non‑state actors adopt drones for surveillance, targeting, and precision attack. Conflicts in Eastern Europe, the Middle East, and the Caucasus have demonstrated that small UAS can strike armored vehicles, artillery positions, and logistics nodes with minimal warning.

Hezbollah’s fiber‑optic drones have emerged as one of the most challenging threats on the northern front. Unlike traditional UAVs, these systems are physically tethered to their operators, making them effectively immune to electronic warfare and jamming. Their low cost, often under $1,000, enables mass deployment by Hezbollah, and their onboard autonomy allows them to navigate and target with minimal external guidance. 

The company positions Hunter Eagle as a mature, near‑term solution, with delivery readiness targeted for 2026.

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A World Cup bus was set alight and a teenager suffered a gunshot wound during chaotic scenes in Midtown Manhattan as thousands of basketball fans poured into the streets late on Saturday to celebrate the New York Knicks’ historic win in the NBA Finals.

Some fans set off fireworks and fired smoke grenades after spilling out of packed bars and outdoor venues, chanting “Knicks in five!” to mark their team’s victory in the fifth game of a possible seven.

The New York Knicks have not won a title since 1973, and this was just their third appearance in the finals after losses in 1994 and 1999 – to the Houston Rockets and the San Antonio Spurs, whom they defeated on Saturday night.

World Cup shuttle buses swarmed

At about 2 am, a 17-year-old was shot in the foot during celebrations in Times Square, a New York police officer told Reuters. Three persons of interest were in custody, he added.

As the celebrations ran into the night, hundreds of mostly young people swarmed a convoy of about 15 shuttle buses in Times Square after they transported soccer fans from the first World Cup game in the New York City area between Brazil and Morocco, which ended in a draw.

Some of them climbed onto the roofs of the buses, got inside and sat in the driving seats. One of the yellow school buses the city government hired to help transport soccer fans was set on fire, according to a Reuters video journalist who witnessed it in flames. It was not immediately clear if anyone was injured in the incident. At least three more shuttle buses were badly damaged by crowds.

A bicycle was hauled onto the roof of another bus and supporters of the Brazilian soccer team joined Knicks fans on the roof of a bus, waving their national flag. A man with a bleeding face walked through the crowds, but Reuters could not determine what caused his injury.

“They are expressing their happiness, a little bit violently, but it is what it is,” said Youssef Sabbr, a 49-year-old Canadian of Moroccan descent, who had got off one of the World Cup game buses before it was surrounded by crowds.

“That’s what happens everywhere around the world when a team wins,” Sabbr said.

 

Police move in, chase fans

Police fenced off some streets and after holding back for about two hours, officers in riot gear moved in, chasing fans down the streets.

Some officers on horseback pushed crowds back, clearing streets around Madison Square Garden, the Knicks’ home court.

Carol Marino, a real estate agent from New York in her 50s was taking a breather on a sidewalk after watching the game in a bar.

“Oh my God. It’s like New Year’s Eve times twenty,” she said about the celebrations.

Elsewhere, jubilant fans played drums, hugged each other, and climbed scaffolding and traffic lights.

New York couple Dean and Christina Smiros said they have been Knicks fans all their lives and were happy to see their team win the first time in their lifetime.

“They have not won since before we were born,” Christina said.

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For more than three decades after the Cold War, defense procurement operated under a relatively stable set of assumptions. Large-scale wars between major powers appeared unlikely, technological change moved at a manageable pace, and military planners focused primarily on maintaining readiness through stockpiles accumulated during peacetime.

Governments purchased weapons, ammunition, and military platforms designed to remain operational for decades. Production lines were optimized for efficiency rather than speed, and procurement cycles often stretched across many years. Defense industries built systems intended to be stored, maintained, and used only if a major conflict emerged.

This model was neither irrational nor inefficient. It reflected the strategic reality of its time. Today, however, that reality has fundamentally changed.

The wars and geopolitical crises of the past several years have exposed weaknesses in a procurement philosophy built around long-term storage and slow replenishment. Russia’s invasion of Ukraine, the conflicts in the Middle East, rising tensions in the Indo-Pacific, and the broader return of great-power competition have demonstrated that modern warfare consumes resources at a pace few Western nations had anticipated.

At the same time, the speed of technological innovation has accelerated dramatically. Artificial intelligence, autonomous systems, advanced sensors, electronic warfare, and software-defined capabilities are evolving far faster than traditional acquisition systems were designed to accommodate.

As a result, defense organizations around the world are being forced to rethink a fundamental question: what does military readiness actually mean in the twenty-first century?

The answer increasingly points toward a shift from stockpile-based readiness to capability-based resilience.

The end of the stockpile era

For decades, the effectiveness of a military procurement strategy was often measured by the size of its reserves. Governments sought to ensure that sufficient quantities of ammunition, spare parts, and platforms were available should a crisis emerge.

The assumption was that inventories accumulated during peacetime would provide the necessary buffer during wartime.

Recent conflicts have challenged this assumption.

Ukraine has demonstrated that high-intensity warfare can consume enormous quantities of munitions in a matter of months. The conflict exposed significant limitations in Western production capacity and revealed how difficult it can be to rapidly replenish inventories once large-scale combat begins.

The lesson extends far beyond artillery shells.

Modern conflicts consume not only traditional munitions but also drones, loitering munitions, communications systems, sensors, electronic warfare equipment, and software-driven capabilities. In many cases, these systems are evolving so quickly that stockpiling them for 20 years no longer makes strategic sense.

A drone purchased today may be technologically outdated within a few years. An artificial intelligence model can become obsolete in months. The pace of innovation increasingly competes with the logic of long-term storage.

This reality is forcing defense planners to think differently about readiness.

The critical question is no longer simply how much equipment is stored in warehouses. Increasingly, it is how quickly a nation can adapt, produce, and field new capabilities when circumstances change.

The numbers behind the transformation

The scale of this shift can be seen in global defense spending.

According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure reached a record $2.718 trillion in 2024, representing a 9.4% increase over the previous year and the largest annual increase since the end of the Cold War.

The United States accounted for approximately $997 billion of that total, maintaining its position as the world’s largest defense spender. China followed with roughly $314 billion, continuing its long-term military modernization efforts.

Europe has undergone an equally significant transformation. Defense spending among European Union member states reached approximately €343 billion in 2024 and is expected to rise further to around €381 billion in 2025. Compared to 2020 levels, European defense expenditure has increased by nearly two-thirds.

Israel has experienced one of the most dramatic increases. According to SIPRI, military spending rose by approximately 65% in 2024, reaching around $46.5 billion as the country responded to a rapidly evolving security environment.

These figures reflect more than increased budgets. They signal a broader reassessment of how nations prepare for conflict and where they choose to invest.

The rise of defense tech

One of the most visible outcomes of this reassessment has been the emergence of the modern Defense Tech ecosystem.

Historically, innovation in defense was dominated by large prime contractors operating through long acquisition cycles. Today, a growing share of innovation is coming from startups and DeepTech companies capable of developing and deploying new capabilities at unprecedented speed.

Many of these companies operate using methodologies borrowed from the commercial technology sector. They emphasize rapid iteration, software-driven development, continuous updates, and close interaction with end users.

Their focus areas include artificial intelligence, autonomy, robotics, edge computing, advanced sensing, communications, and autonomous systems.

The battlefield in Ukraine has become a powerful demonstration of this model. New drone designs, software upgrades, electronic warfare countermeasures, and autonomous capabilities are being developed and deployed in cycles measured in weeks or months rather than years.

This pace would have been difficult to imagine under traditional procurement frameworks.

Investors have noticed. Venture capital funding directed toward defense, national security, and resilience technologies has grown dramatically over the past decade. What was once a niche sector has become a major area of interest for governments, investors, and technology entrepreneurs alike.

Yet the long-term significance of Defense Tech is not simply that it produces new products. Its real contribution is changing how defense organizations think about innovation itself.

From inventory to industrial capacity

Perhaps the most important shift occurring today is the growing recognition that production capacity may be as strategically valuable as inventory.

For decades, military planners focused on the question: How much do we have?

Increasingly, they are asking: How fast can we make more?

The distinction is critical.

A nation with moderate stockpiles but highly flexible manufacturing capacity may ultimately prove more resilient than a nation with larger reserves but limited ability to replenish them. Production lines, supply chains, engineering talent, software development teams, and manufacturing flexibility are becoming strategic assets in their own right.

The ability to scale production rapidly during crisis is no longer merely an industrial concern. It has become a national security requirement.

This trend is likely to reshape procurement strategies for years to come. Governments will continue to purchase weapons and maintain inventories, but they will increasingly invest in the industrial ecosystems capable of sustaining prolonged competition and adapting to changing threats.

The emergence of joint resilience

Another major lesson of recent conflicts is that no nation can realistically maintain complete self-sufficiency across every critical capability.

Modern defense systems depend upon complex global supply chains, specialized components, advanced semiconductors, software, communications infrastructure, and manufacturing networks that often span multiple countries.

As a result, a new concept is beginning to emerge: Joint resilience.

Rather than relying exclusively on national stockpiles, allied nations are increasingly exploring models based on shared industrial capacity, cooperative production, and collective supply-chain resilience.

These arrangements may include shared inventories, multinational manufacturing programs, reciprocal supply agreements, interoperable standards, and distributed production networks.

In many ways, this evolution mirrors the logic that originally drove military alliances such as NATO. Just as collective defense strengthened military deterrence, collective industrial resilience may become a critical component of future security architectures.

In the coming decade, the strength of a nation’s industrial partnerships may become as important as the strength of its military forces.The key question may no longer be how much a country can produce alone, but how effectively it can mobilize a trusted network of partners when required.

What happens when the wars end?

This brings us to the most important strategic question facing the Defense Tech sector. What happens when today’s conflicts eventually subside?

Will governments continue investing at current levels? Will Defense Tech remain a defining force in national security? Or will the industry contract once immediate pressures diminish?

History suggests that some degree of consolidation is inevitable. Not every company benefiting from today’s environment will survive over the long term. However, it would be a mistake to assume that the broader transformation will disappear.

The companies most likely to endure are those built around genuine DeepTech capabilities rather than narrow wartime demand. Artificial intelligence, robotics, advanced communications, autonomy, edge computing, semiconductors, cognitive systems, and advanced sensing technologies are not exclusively military capabilities. They are foundational technologies for the broader economy.

The same technologies enabling autonomous military systems can support industrial automation, logistics, transportation, energy infrastructure, smart cities, and next-generation robotics.

This dual-use character gives such companies a resilience that extends beyond defense budgets alone. For them, defense represents one important market among several, rather than a single source of demand.

A new model of readiness

The future of defense procurement is unlikely to be defined by a choice between stockpiles and innovation. Successful nations will require both.Strategic reserves will remain essential. No military can operate without sufficient inventories of critical equipment and munitions.

At the same time, inventories alone are no longer enough.

The defining advantage of the next decade will belong to countries capable of combining strategic stockpiles with flexible manufacturing capacity, trusted international partnerships, and vibrant ecosystems of DeepTech innovation. Military readiness is increasingly becoming a function not only of what a nation possesses today, but of what it can develop, produce, and deploy tomorrow.

That shift – from stockpile-based readiness to capability-based resilience – may ultimately prove to be the most important transformation in defense procurement since the end of the Cold War.

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Federal health officials are urging parents to immediately stop using a popular organic infant formula after three babies were hospitalized with botulism in a multistate outbreak linked to the product.

The Centers for Disease Control and Prevention said all three infants consumed Nara Organics Whole Milk Organic Infant Formula before becoming ill.

The babies, who ranged in age from 2 to 5 months, were hospitalized and treated with BabyBIG, the FDA-approved treatment for infant botulism.

The cases were reported in California, Pennsylvania and Washington, according to the CDC.

POPULAR PET FOOD BRAND HALTS PRODUCTION AFTER FDA WARNS OF POSSIBLE DANGEROUS CONTAMINATION

Nara Organics on Friday recalled all lots and can sizes of its Whole Milk Organic Infant Formula, and federal health officials are investigating whether the product was the source of the outbreak.

Testing of opened and unopened formula samples is underway, with results expected in the coming weeks.

Nara Organics confirmed the recall in a statement posted on its website.

THREE MAJOR HOSPITAL SYSTEMS ACCUSE CVS OF SECRETLY SIPHONING HUNDREDS OF MILLIONS IN DRUG SAVINGS

“Stop using all Nara Organics infant formula immediately,” the company wrote. “We are heartbroken for the concern and stress this may cause your family.”

The formula is sold nationwide through Target stores, Target.com and Nara.com.

The CDC advised parents and caregivers to throw away or return any unopened cans of the recalled formula.

FDA ISSUES HIGHEST-RISK RECALL FOR ALFREDO SAUCE SOLD IN 41 STATES

Officials said opened cans may be retained and stored separately if an infant develops symptoms, as state health departments may request samples for testing.

According to the CDC, infant botulism occurs when spores from Clostridium botulinum bacteria enter a baby’s digestive tract and produce a dangerous toxin.

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Early symptoms can include constipation, difficulty feeding, a weak or altered cry and loss of head control.

Parents should seek immediate medical attention if an infant who consumed the recalled formula develops symptoms including poor feeding, difficulty swallowing, decreased facial expression or loss of head control, health officials said.

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US President Donald Trump said on Saturday that a deal with Iran is set to be signed on Sunday and that the Strait of Hormuz will immediately open following the signing, according to a Truth Social post.

“The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” wrote Trump.

Trump emphasized that the deal was significantly different than that of the Obama administration, which he described as “an easy, beautiful, smooth road to a Nuclear Weapon, which Iran would have had six years ago, and would have used long before now.”

“My Agreement with Iran is the exact opposite, A WALL TO NO NUCLEAR WEAPON!” said Trump. “In fact, they no longer want a Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement.”

He added that “no money will exchange hands,” attempting to further differentiate the deal from the Joint Comprehensive Plan of Action (JCPOA), with Trump accusing then-president Barack Obama of paying “Hundreds of Billions of Dollars” to Iran, “including 1.7 Billion Dollars in green, cold cash.”

“At the appropriate time, when all is calm, we will go in and get the Nuclear Dust, buried deep under the powerful sunken granite mountains, thanks to our beautiful B-2 Bombers and their brilliant pilots, and downblend and destroy it, whether in Iran, or the United States,” Trump added.

“We look forward to working with Iran, and the entire Middle East, long into the future,” continued Trump. “Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again!”

Opposition leader Yair Lapid condemned the potential deal, calling it a complete failure from Prime Minister Benjamin Netanyahu.

“He is turning us into a client state that takes orders about its national security,” he criticized. “No press conference, no media spin, no AI video will hide the failure. The next government will have a historic role: to repair the damage caused by Netanyahu’s inability to turn military achievements into strategic successes.”

Pakistan PM: US-Iran deal signing expected within 24 hours

Pakistani Prime Minister Shehbaz Sharif said earlier on Saturday that the US and Iran have agreed to a framework for a peace deal to end the months-long conflict in the Middle East, with the final text of the deal reached.

Pakistan is now preparing for an electronic signing expected within the next 24 hours, followed by technical-level talks next week, Sharif added.

Also on Saturday, Iran’s Foreign Ministry spokesperson Esmaeil Baghaei denied that the Islamabad memorandum would take place on Sunday, according to state media.

Baghaei said the possibility of signing the Islamabad memorandum in the coming days could not be ruled out, but cautioned against commenting on the signing date, given the other side’s hesitation.

He later added that the regime will charge for services provided in the Strait of Hormuz, according to Iran’s Fars News Agency, saying that the steps taken by the Islamic Republic to manage safe traffic in the strait align with the protection of national security and the common good of the world community.

Iran: Release of frozen funding part of deal

According to Fars, Baghaei further stated that the release of Iran’s frozen funds is an integral part of the pending agreement.

Baghaei added that the presence of foreign militaries and their bases in the region must end.

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At the end of October, Prime Minister Benjamin Netanyahu will once again face the Israeli electorate, perhaps for the final time in a political career spanning nearly four decades. 

Despite bearing responsibility for the failure of October 7, 2023, many Israelis continue to credit Netanyahu for his conduct in the aftermath of the massacre and his determination to confront the threats that had long hovered over the State of Israel. 

Indeed, after nearly three years of the war, Israel’s enemies, from the Iranian regime to Hezbollah and Hamas, have suffered severe blows. The elimination of senior figures such as Khamenei, Nasrallah, Haniyeh, Sinwar, and others is viewed by his supporters as evidence of Netanyahu’s determination to advance Israel’s security objectives despite considerable international pressure.

These security achievements have undoubtedly strengthened Israel’s strategic position, although they have not yet produced the complete victory over Israel’s enemies that Netanyahu repeatedly promised throughout the war. 

However, alongside these accomplishments, the past week witnessed an affair that bears the prime minister’s unmistakable signature: the process of selecting the state comptroller. 

Although retired Supreme Court justice Yosef Elron, considered one of the leading critics of Supreme Court President Isaac Amit, was a candidate for the position, Netanyahu chose to support his personal attorney, Michael Rabello, who has represented him in numerous proceedings before the High Court of Justice.

Historically, the position of State Comptroller was usually entrusted to senior figures from the judiciary. This was the case with former Supreme Court justices Yaakov Maltz, Miriam Ben-Porat, and Eliezer Goldberg, as well as district court judges Micha Lindenstrauss and Yosef Shapira. 

The appointment of Matanyahu Englman, who came from academia rather than the judiciary and previously served as director-general of the Technion and the Council for Higher Education, already represented a departure from this tradition. 

Nevertheless, there is a significant difference between appointing a professional figure from outside the legal system and appointing Rabello, a partner in the law office of David Shimron and Yitzhak Molcho, who have accompanied Netanyahu since his first term in office and have been involved in sensitive diplomatic and legal matters. 

The potential conflict of interest is therefore difficult to ignore.

Despite what many perceive as a troubling departure from statesmanlike conduct, Netanyahu’s political standing has remained relatively stable. Polls continue to place Likud at 23 seats, compared with 21 for Naftali Bennett and 19 for Gadi Eisenkot. 

The affair may generate resentment among many voters in the political center in the short term, but its long-term electoral consequences are likely to be limited. Unlike political-security themes, issues of governmental integrity and public ethics have historically exerted only a limited influence on voting behavior in Israel. 

As evidence of this pattern, the Shas Party increased its representation from 10 to 17 seats in the 1999 election shortly after its leader, Arye Deri, was convicted in court. 

Similarly, Ariel Sharon led Likud to a dramatic electoral victory of 38 seats in the 2003 election despite the ongoing Cyril Kern affair. Netanyahu himself has repeatedly led Likud to significant electoral achievements despite the criminal proceedings against him.

Lack of statesmanship

Ultimately, the controversy extends beyond the problematic voting process in the Knesset, during which some legislators filmed themselves casting their ballots in an attempt to demonstrate their loyalty to the coalition leadership, creating scenes that appeared more characteristic of authoritarian political systems than of a mature parliamentary democracy. 

The fact that Netanyahu’s personal attorney, regardless of his professional qualifications, was seriously considered for the position of State Comptroller and received the prime minister’s support should serve as a warning sign. 

Despite the efforts of Netanyahu and his supporters to dismiss concerns raised by opponents of judicial reform, namely that political loyalty could become a decisive criterion in appointments to sensitive institutions, the Rabello affair has strengthened rather than weakened those criticisms. 

With great regret, much like the dismissal of Yoav Gallant in March 2023, this episode reflects a profound lack of statesmanship.

The writer is a lecturer and research fellow at the University of South Wales, UK. Author of Collapse: Israeli Labor Party 1992-2024.

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British Prime Minister Keir Starmer said on Sunday that he had directed armed forces to intercept a Russian shadow fleet oil tanker attempting to pass through the English Channel.

In a post on X, Starmer said, “This successful operation delivers yet another blow to Russia and reminds those fueling Putin’s war in Ukraine that we will not let them hide.”

“I want to thank those involved, including our Armed Forces and law enforcement officers who keep this country safe 24 hours a day, 365 days a year.”

The vessel SMYRTOS was boarded by Royal Marine Commandos and specially trained law enforcement officers from the National Crime Agency, Britain’s Ministry of Defence said in a statement.

The vessel will be held and monitored off the south coast as investigations continue, the statement said, adding that enforcement action in Britain’s territorial waters was carried out in accordance with domestic and international law.

A shadow fleet is a covert network of older vessels used to transport sanctioned or high-risk commodities from countries such as Russia and Iran. Ships in a shadow fleet often turn off their transponders or broadcast fals geo-location codes, and fly false and often obscure flags, so as to hide their true ownership, origin, location, and destination.

Earlier this month the French navy intercepted a sanctioned tanker linked with the Russian oil trade in the Atlantic Ocean, in a move that Russia said bordered on “international piracy.”

The tanker, which had sailed from Russia’s Arctic port of Murmansk, was suspected of flying under a false flag and was intercepted with support from Britain, Macron said. According to the vessel tracker MarineTraffic, the 252-meter-long tanker was sailing under the flag of Madagascar.

This is a developing story.

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An active senior league soccer player was arrested by Lahav 433’s Sports Gambling and Bribery Division as part of its investigation into a gang from Migdal Ha’emek, Israel Police said on Monday morning.

The investigation is taking place in full cooperation with Israel’s Football Association.

The player was arrested on suspicion of illegal gambling on large amounts, match-fixing, offenses under Israel’s Prohibition on Money Laundering Law, and tax offenses – all acts inappropriate for an active player to take part in.

According to police, the player did not commit the offenses alone, and further arrests are expected.

This is a developing story.

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The New York Knicks have won their first NBA finals in 53 years on the back of their beloved star, and team captain, Jalen Brunson.

Twenty-seven years after their last Finals appearance, the Knicks defeated the same franchise that denied them a title in 1999, beating the Spurs in five games to end one of the longest championship droughts in professional sports.

Victory Wembanyama opened up the scoring with a transition dunk 9:46 into the game.

The Knicks would miss on their first 4 possessions of the game. 

Their first points would come three and a half minutes into the first with a Jalen Brunson wide-open 3-pointer to give the Knicks the lead at 3-2. 

But, as in the previous four games, the Spurs would retake the lead and push it to double digits. 

A few moments later, Stephon Castle would complete a put-back dunk at 8:46 and put the Spurs back up by one (4-3 Spurs).

The next few possessions would be face-based and back and forth. 

Karl-Anthony Towns would pick up his first foul against Wembanyama at the 7:49 mark of the first. He would be in foul trouble all game. 

Wemby would go to the line and hit both, to give San Antonio a 6-5 lead. 

Ensuing possession, Wembanyama would complete a ferocious put-back dunk to give the Spurs an 8-5 lead. 

Knicks struggle to score from the start

The Knicks would go 1-10 from the field through the first 6 minutes. 

Rookie Dylan Harper was sensational tonight off the bench. He’d open up his scoring with a 3-pointer to give the Spurs an 11-5 lead. 

Next possession, Game 4 hero OG Anunoby gets a clean look at a bench-side corner 3. 11-8 Spurs 6:19 into the first quarter.  

The Knicks are shooting 56% from 3 at this point. 

With Wemby on the bench at the 5:46 TV timeout, Harper would stay aggressive. He’d finish a reverse layup off an out-of-bounds,  to give the Spurs a 15-8 lead. Harper would have 7 points in 3 minutes, going 3-3 from the field. 

By the 4:18 mark of the quarter, the Knicks were 2-15 from the field, and zero points in the paint through 3:40 into the quarter.

The Spurs were securing second chances, picking up loose balls, and grabbing offensive rebounds, something the Knicks have been great at throughout the playoffs.

At this point in the game, Brunson would have 3 points on 1-4 shooting. 

Keldon Johnson would give the Spurs their first double-digit lead of the game, and for the fifth time in the series,  with a bench corner 3, at 3:05 in the quarter, score 18-8, Spurs up 10.

At the 2:07 mark in the game, the Knicks were 3-19 from the field, while the Spurs were 7-17. 

The Knicks would only have 10 points with 1:40 remaining in the quarter. 

De’Aaron Fox hits a crossover in-the-paint short jumper to give the Spurs a 10-point lead (20-10, Spurs).

Jalen Brunson would immediately respond with another 3, cutting the Spurs’ lead back down to 7. 

At this point, the Knicks would be 13-20 from the field, 3-8 from 3-point range, and only 1-13 from 2-point range.

Bruson would have eight of his 40 points (2-2 3pt), 

Julian Champagnie would close the quarter with a 3-pointer of his own.

The first quarter comes to an end with the Spurs up 23-13.

The Knicks shot 4-22 from the field, 18%, while the Spurs shot  9-21 from the field. 

JUNE 10: (L to R) Este Haim, Taylor Swift, and Mariska Hargitay attend Game Four of the 2026 NBA Finals between the San Antonio Spurs and the New York Knicks at Madison Square Garden on June 10, 2026 in New York City. (credit: Al Bello/Getty Images)

Like games prior, Spurs would push the lead to double digits

The second quarter would start with Wembanyama’s 4th block of the game on Knicks forward Jose Alverado, who was standing 4 feet away from him, a kind of play only he is capable of making.

Spurs Champagnie would open up the scoring with  his second 3-pointer on their next  possession. 

Spurs push the lead to eight points, 26-13, 10:57 into the quarter. The 

Knicks continue their rough start into the second quarter. They only have 13 points through 14 minutes of play and can’t seem to find any baskets in the paint. 

Dylan Harper continued to stay aggressive, going coast-to-coast, to the foul line for a mid-range two-point make at the 9:29 mark. He’d be 2/2 on the game. Harper was the youngest player with over 20 points, he finished with 24 points, the youngest in finals history in Game 4.

OG Anunoby and Jalen Brunson would be the only Knicks to score through 9:09 into the second quarter. 

Karl-Anthony Towns, who had played minimally to this point with foul trouble, would get his first points at 9:01 into the second quarter. Spurs up by 13, with the score 28-15.

Wembanyama would come right back down the floor to hit a 3-pointer at the 8:25 mark – 31-15, Spurs take a 16-point lead. 

On the ensuing possession, Wemby picks up a foul, but it is overturned to an offensive foul on Towns on the coach’s challenge, it would be KAT’s second foul of the game. 

Next Knicks possession, Mikal Bridges hits a bench corner 3-pointer, 7:43 into the quarter. It was his first points of the game. Cuts the Spurs’ lead to 13, 31-18 San Antonio. 

Harper would come right back down the floor to knock down an elbow free throw line pull-up jumper, at 6:40 to give him 11 points  off the bench.

Ensuing possession, Knicks Josh Hart comes down the floor and hits another top-of-the-key 3-pointer. Score, 33- 21 San Antonio. Knicks down by 12 points. 

The Knicks would cut the lead to nine points on their next possession on a second-chance 3-pointer by Brunson. 33-24, Spurs. 

Ensuing possession, Wemby misses a top-of-the-key jumper.

The Knicks secured the rebound and pushed the ball ahead to Mitchell Robinson, who appeared to have an easy dunk but missed at the rim. However, the officials whistled Devin Vassell for goaltending. San Antonio leads by 9 points,  35-26.

A few possessions later, Brunson comes down the floor and hits a mid-range 2-pointer at the 4:08 mark. The Spurs have the lead  35-28.

Knicks go on a run

The Knicks would be on a 10-2 run over the last 2:41, cutting the 16-point lead to 7 points.

Knicks and Spurs would trade baskets over ensuing possessions. 

But at 2:34, Towns would pick up his 3rd foul on a Castle drive. 

Wembanyama and Towns would both go to the bench.

Castle hits both free throws, giving the Spurs a 40-32 lead. San Antonio shot  6-6 from the line through the first half. 

Josh Hart converted an and-one fast-break layup on the ensuing possession after drawing a push from De’Aaron Fox, trimming the Spurs’ lead to 40-34 with 1:18 remaining in the first half.

The foul would be upgraded to a flagrant-one on Fox, and the Knicks retain possession. 

Hart would make the free throw, and Bridges would follow with a mid-range floater, cutting the Spurs’ lead to 3 points, 40-37, with 1:08 remaining in the half. 

In the waning seconds of the half, Devin Vassell hits a mid-range jumper to push the Spurs’ lead back up to five points. 

42-37 Spurs at the half. 

Some key stats at halftime: The Knicks shot just 29% from the field compared to the Spurs’ 34%. Jalen Brunson led all scorers with 16 points, while Victor Wembanyama recorded nine points, nine rebounds, and five blocks,  accounting for all of San Antonio’s blocks in the half. Rookie Dylan Hardler paced the Spurs with 11 points. The Knicks also struggled to generate interior offense, trailing the Spurs 18-6 in points in the paint.

Spurs maintain a double-digit lead into the third quarter

The Spurs opened the third quarter with possession, and Karl-Anthony Towns quickly picked up his fourth foul just 15 seconds into the period. Towns headed to the bench while Victor Wembanyama remained on the floor for San Antonio.

Neither team can score on the first two possessions. 

Mikail Bridges opens up the scoring with a floater at 10:54 in the quarter.  Bridges now with 10 points, Spurs leading 42-39. 

Following possession, Julian Champagnie hits a bench corner 3, his third 3-pointer. Spurs extend the lead to six points, 45-39. 

A few possessions later, Champagnie, the New York native, would hit another 3-pointer at the 9:23 mark. Pushes the Spurs’ lead to 10 points, 51-41.

The Knicks and Spurs would exchange baskets over the next several possessions. 

Rookie Dylan Harper, right off the bench, drives to the basket for a layup to extend San Antonio’s lead to 55-46 with 7:38 remaining in the third quarter. The rookie had 13 points in just 15 minutes of action.

A few possessions later, Harper would get his 15th point of the contest on a tough mid-range jumper, giving the Spurs a 2-point lead, 57-55. 

The Knicks would go quiet over the next several minutes. 

Harper struck again, converting a putback layup for his 21st point of the game to extend San Antonio’s lead to 68-53 with 3:09 remaining in the third quarter.

The basket capped a dominant stretch for the Spurs, who closed the quarter on a 9-0 run over the final 2:23.

Through this point in the game, the Spurs held a commanding 24-0 advantage in bench scoring over the Knicks.

OG Anunoby would pick up his 4th foul on the next possession, putting him in foul trouble. 

Jordan Clarkson finally got the Knicks’ bench on the scoreboard, knocking down a floater in the paint with 39.5 seconds remaining in the third quarter. The basket trimmed San Antonio’s lead to 72-63, pulling New York back within nine points.

Mitchell Robinson closed out the third quarter with a tip-in, trimming San Antonio’s lead to 72-65 heading into the fourth. The Spurs had led by as many as 15 points during the quarter.

The fourth quarter began with Karl-Anthony Towns back on the floor after playing just 15 minutes through three quarters, while Victor Wembanyama remained in the game for San Antonio. 

Keldon Johnson opened the scoring with a three-pointer to push the Spurs’ lead back to 10 points, but Josh Hart and Landry Shamet answered with triples of their own to keep New York close. 

Wembanyama responded with a powerful baseline dunk, and Devin Vassell added a deep three at the 9:09 mark, as San Antonio maintained control with an 81-71 lead. 

The Spurs continued to lean on rookie Dylan Harper, who returned midway through the quarter alongside Jalen Brunson. 

After Shamet scored to make it an eight-point game, Harper attacked the rim for a tough layup to give San Antonio an 83-73 lead and reach 23 points. 

Moments later, Shamet appeared to suffer a leg injury at the 8:32 mark and was escorted to the locker room after the Knicks intentionally fouled to stop play. He would return later in the game.

Brunson takes over the game

Brunson then began to take over. He drew a foul on a three-point attempt, converted two of three free throws, and followed with a one-handed scoop layup that cut the deficit to six. 

With Towns limited by foul trouble and Wembanyama controlling the paint, Brunson continued to find ways to get to the rim, trimming the Spurs’ lead to four points with 6:28 remaining.

The game turned on a controversial sequence involving Wembanyama and Towns. An offensive foul initially called on Wembanyama was challenged by San Antonio and overturned, with Towns instead assessed his fifth foul. 

Brunson capitalized shortly afterward, earning two free throws to cut the lead to 83-81. Wembanyama then headed to the bench with 5:18 remaining, opening the door for a Knicks rally.

New York seized the opportunity. Brunson scored 10 consecutive points, including another scoop layup that tied the game at 83-83 with 4:47 left. 

Knicks eases 16-point deficit on 10-0 run

The Knicks had erased a 16-point deficit with a 10-0 run, while San Antonio struggled offensively. 

Vassell briefly restored the Spurs’ lead with a jumper, but Brunson answered by drawing another foul and sinking three free throws to give New York its first lead since the opening minutes of the game.

With both teams in the bonus and key players battling foul trouble, defense took center stage. 

Mike Brown used a timeout to take Mitchell Robinson out of the game and avoid a potential Hack-a-Mitch strategy. 

After more than two scoreless minutes, a goaltending call on Vassell during an OG Anunoby dunk attempt extended New York’s lead to 88-85. By then, the Knicks were on a 15-2 run, and the Spurs had missed nine of their previous 10 shots.

The drama continued in the final two minutes. 

Wembanyama drew Towns’ sixth foul and split a pair of free throws, cutting the deficit to two. 

After a Knicks shot-clock violation, Harper tied the game at 88-88 with 1:16 remaining. 

Brunson immediately answered with a floater in the lane to restore New York’s lead, giving him 43 points and further cementing one of the greatest Finals performances in Knicks history.

The Knicks held their nerve in the closing seconds. 

Hart made a free throw after a key offensive rebound by Robinson, Anunoby split a pair at the line, and Mikal Bridges added another free throw after being fouled. 

San Antonio had one last chance, but Wembanyama missed a deep three before Stephon Castle followed with a put-back dunk.

After Harper missed two critical free throws with 7.7 seconds left, Anunoby sealed the game at the line, giving New York a 94-90 victory and completing a remarkable fourth-quarter comeback.

Knicks beloved superstar, Jalen Brunson, was named NBA Finals MVP, and after 53 long years, the Larry O’Brien Trophy returns to basketball’s mecca, New York City.

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The Prime Minister of Iraq, Ali al-Zaidi, plans to visit Washington in July. His visit is expected to “discuss strategic ties between Iraq and the United States, with economic cooperation topping the agenda, according to an Iraqi government spokesperson,” according to Rudaw media in Erbil in the Kurdistan autonomous Region of northern Iraq.

This is an important upcoming visit for the Iraqi leader. He has been an officer for several months and was appointed only after six months of political struggles in Iraq following an election in November 2025. As such, he came into office with many hoping he could resolve Iraq’s problems. Iraq is facing economic hardship due to the current blockade of the Strait of Hormuz. Zaidi is also attempting to rein in Iranian-backed militias in Iraq. As such, he faces major hurdles at home and will want US support.

At the same time, there have been reports that Syria’s president, Ahmed al-Sharaa, had also hoped for a visit to the White House. He has enjoyed a good relationship with the Trump administration. The administration has sought to reduce sanctions on Syria. This is important because Syria seeks investment in reconstruction. Syria is also trying to improve its economic situation amid the current Iran conflict, as land trade routes now appear more secure.

The US has the same envoy for Iraq and Syria. US Ambassador Tom Barrack, who is the ambassador to Turkey, is also the envoy to both countries. As such, it’s possible both countries might angle for a visit coordinated with Barrack. This would be important for Iraq and Syria, as well as for US policy. It could help stabilize both countries.

Currently, a visit by Sharaa has not been confirmed. Nevertheless, it is possible it could happen. The Trump administration will want to end the Iran conflict and get a deal while trying to show it can stabilize Iraq and Syria. The US anti-ISIS mission has wrapped up in Syria and is expected to wrap up in Iraq in September 2026.

Iraq seeks to strengthen economic ties with US

“Speaking to Rudaw on Saturday, Haider al-Aboudi said the visit [by Iraq’s prime minister] would focus on strengthening bilateral relations through an economic lens,” Rudaw noted.

The report goes on to note that “the files concerning the strategic relations between the two countries will be discussed during the visit. The agenda begins with economic issues because the current Iraqi government’s vision is that the economy is the engine of the state,” Aboudi said.

Rudaw further noted that “Zaidi’s anticipated visit comes as Iraq seeks to balance its strategic partnership with Washington while expanding economic cooperation and attracting foreign investment. Baghdad and Washington have maintained regular dialogue through mechanisms such as the Higher Coordinating Committee under the Strategic Framework Agreement, with security, energy, and economic issues featuring prominently in bilateral discussions.”

Meanwhile, Syria’s Permanent Representative to the United Nations, Ibrahim Olabi, announced on Saturday that Syria has joined the “Group of Friends for combating Technology- facilitated  Trafficking in Persons,” Syrian state media SANA noted. Syria has also proposed a “Four Seas Initiative,” which Syrian state media notes is “an ambitious plan to transform the country into a regional hub for energy, transport and trade connectivity, received renewed attention this week during a policy discussion in Washington that brought together Syrian officials, energy experts, and regional analysts.”

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New York City turned into one giant block party Saturday night the moment the New York Knicks clinched their first NBA championship in 53 years, and by Sunday Mayor Zohran Mamdani had made the celebration official, announcing a ticker-tape parade for Thursday, June 18, through Lower Manhattan.

The timing is striking. The biggest sporting event on the planet, the FIFA World Cup, is being played in the same metro area right now — yet it is the Knicks who have seized the city’s heart and its streets.

The scenes told the story.

Thousands of fans poured out of bars, apartments, and watch parties the instant the final buzzer sounded in San Antonio, converging on Madison Square Garden, Times Square, and major intersections across Midtown. Crowds stretched for blocks. Fans climbed poles, danced on cars, waved flags, hugged strangers, and chanted into the night — an outpouring of civic pride no marketing budget can manufacture.

Mamdani leaned into the moment.

“For more than 50 years, New Yorkers have waited for this moment,” he said while announcing a City Hall ceremony, Keys to the City for the team, and municipal buildings illuminated in blue and orange.

It will be the Knicks’ first ticker-tape parade, after the city marked its previous championships with ceremonies rather than a Canyon of Heroes procession.

The economic impact is real.

A hometown championship is an event the city actually owns. The excitement translates directly into spending at neighborhood bars, restaurants, retail stores, hotels, and entertainment venues. It fuels merchandise sales, creates additional tourism activity, and drives crowds into Lower Manhattan for the parade.

The celebration also boosts the value of the franchise itself.

The Knicks are owned by Madison Square Garden Sports Corp. (NYSE: MSGS), and the championship strengthens a franchise already valued at approximately $9.85 billion. The title is expected to support future increases in ticket prices, premium seating demand, sponsorship revenue, and merchandise sales.

Contrast that with the World Cup.

Organizers have projected approximately $3.3 billion in regional economic impact, with New Jersey claiming roughly $2 billion of that total. Yet early business results have been more muted than many expected.

International visitor numbers have reportedly come in below forecasts, while domestic travelers have accounted for a larger share of attendance. Some hotels have reduced room rates to stimulate demand, and travel-data firms have described the tournament’s impact as uneven across host cities.

But the biggest difference cannot be measured in economic studies.

A championship belongs to a city in a way a global tournament never quite can.

The Knicks are New York’s team. Their championship represents the culmination of a 53-year wait shared across generations of fans in Manhattan, Brooklyn, Queens, the Bronx, and Staten Island.

The World Cup, by comparison, is a global event temporarily visiting the region.

Its marquee matches are being played at MetLife Stadium in East Rutherford, New Jersey, while high ticket prices and travel barriers have limited participation for many fans.

That difference shows up in the streets.

The Knicks created a spontaneous celebration that required no advertising campaign. The World Cup, while enormous in scale, has largely been defined by logistics, transportation planning, security operations, and venue management.

One event feels like a city celebrating itself.

The other feels like a city hosting someone else’s party.

None of this means the World Cup will not generate meaningful revenue.

The tournament is expected to continue drawing visitors through mid-July, culminating with the World Cup Final on July 19. Hotels, restaurants, bars, transportation providers, and retailers throughout the region are still expected to benefit.

But the type of emotional momentum that sends hundreds of thousands of people into the streets is difficult to replicate.

The pride.

The history.

The shared memories.

The feeling that an entire city is celebrating together.

Those are things money cannot buy.

For local businesses, the coming days present a rare opportunity.

The Knicks parade arrives while World Cup matches continue throughout the region, creating the possibility that bars, restaurants, retailers, hotels, and entertainment venues benefit from both events simultaneously.

It is an unusual collision of a homegrown championship and the world’s largest sporting event unfolding within the same metropolitan area.

Still, if you walked the streets of New York on Saturday night, the verdict seemed obvious.

The World Cup may be bigger.

It may draw more viewers.

It may generate larger economic projections.

But it cannot match the pride, excitement, momentum, and sense of ownership that comes from seeing your own team finally bring a championship home after more than half a century.

For one unforgettable weekend, New York belonged to the Knicks.

JBizNews Desk — New York

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Americans and big investors are putting money into U.S. stocks faster than ever, and most of that cash is heading toward technology. Bank of America said Friday, in its closely watched weekly report on where money is moving, that U.S. stock funds drew record amounts of new money, with tech leading the way. The report, written by strategist Michael Hartnett and based on figures from EPFR Global, tracks how much money goes into and out of funds around the world each week.

To see how strong the run has been: in the week through June 10, technology funds pulled in a record $12.3 billion, part of $31.5 billion that flowed into U.S. and global stock funds. That capped an 11-week stretch of money moving into American stocks — the longest such streak since December 2025. Much of it chased computer-chip companies: the iShares Semiconductor ETF took in about $2.9 billion in a single week, and a leveraged fund that bets on the S&P 500 drew close to $3 billion.

Here is the twist that makes this week’s record unusual. At the very moment investors are handing over more money than ever, the biggest technology companies are selling them a flood of brand-new stock.

That matters because new shares soak up demand. Normally heavy buying with a fixed supply pushes prices up. But tech is issuing stock at a pace not seen in years. SpaceX went public on June 12, trading on the Nasdaq under the ticker SPCX at $135 a share, in a listing valuing it near $1.75 trillion — the largest U.S. stock debut ever. OpenAI and Anthropic, two of the world’s most valuable private companies, have both confirmed plans to go public. Analysts expect the three to raise roughly $200 billion between them.

It isn’t only newcomers. Alphabet, the parent of Google, has said it plans to raise about $80 billion by selling new stock, and Meta is reported to be weighing a similar move. Both want cash to build the giant data centers that power artificial intelligence — and selling shares lets them raise it without taking on more debt.

For everyday savers, the surge has a direct connection. Capital Economics notes that U.S. companies outside the financial industry began issuing more stock than they bought back early this year, the first time since 2021. The firm also offers a caution: big jumps in new stock sales have tended to appear near the late stages of past market booms.

There is also a new source of buying coming straight from Washington. Starting July 4, the federal government begins seeding “Trump Accounts” — investment accounts for children that open with a $1,000 deposit and steer the money into low-fee funds tracking the broad stock market. Bloomberg Intelligence estimates the program could push around $12 billion a year into those funds, rising toward $21 billion if families add the maximum. The money is automatic and stays put for years.

The rise has already lifted household wealth. By Bank of America’s count, the value of stocks owned by U.S. families has climbed about $6 trillion so far in 2026, after gains of roughly $10 trillion in 2025 and $9 trillion the year before. When portfolios swell, people tend to feel richer and spend more, which feeds back into the wider economy.

Not everyone is comfortable. Bank of America’s “Bull & Bear” gauge, which measures how greedy or fearful investors are, has been flashing a sell warning for several weeks — a level the bank reads as a sign buying has run hot. Hartnett has compared today’s market to 1994, when a long calm period ended abruptly once the Federal Reserve started raising interest rates.

For now, the money keeps coming. The bigger test arrives later this year, when OpenAI and Anthropic aim to complete their listings and Alphabet and Meta sell their new shares — adding hundreds of billions of dollars in fresh stock for buyers to absorb.


What These Deals Actually Mean for Your 401(k)

If you own an S&P 500 or total-market index fund, you don’t buy these stocks yourself — the fund does it for you, automatically, based on each company’s size. So a wave of giant tech listings sounds like it should pour your retirement money straight into SpaceX, OpenAI, and Anthropic. The reality is more gradual, and smaller than the headlines suggest.

Two things hold it back. First, index funds only count the shares a company actually sells to the public, not the ones founders and early backers keep. At launch, these firms are floating only about 4% to 5% of their stock, so their weight in your fund starts tiny no matter how huge the valuation.

Second, getting into the S&P 500 isn’t automatic. A company has to be profitable over recent quarters and gets picked by a committee, which can take time. Broad total-market and Nasdaq funds tend to pick up new listings sooner, but still in proportion to those small public floats.

The bigger effect comes later. Analysts at Capital Economics estimate that if these companies eventually release more of their shares to the public — say, a quarter of them — it could add about $750 billion in stock for funds to buy. That’s when an everyday index holder would really feel it.

JBizNews Desk | Wall Street

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The Trump administration moved Wednesday, June 10, 2026, to establish the first comprehensive federal framework for prediction markets, proposing rules that would allow most sports-related contracts to continue while banning contracts regulators believe are most vulnerable to manipulation.

The Commodity Futures Trading Commission (CFTC) released a 267-page proposed rule outlining which event contracts would be permitted and which would be prohibited. The proposal represents the agency’s first formal attempt to regulate a rapidly growing industry that has blurred the line between financial markets and sports betting.

CFTC Chairman Michael Selig said the goal is to provide clear rules for the industry while protecting market integrity and encouraging innovation.

What Are Prediction Markets?

Prediction markets allow users to buy and sell contracts tied to future events.

Participants essentially purchase “yes” or “no” positions on whether something will happen, with contract values changing as market sentiment shifts.

Over the past year, platforms such as Kalshi and Polymarket have expanded aggressively into sports-related contracts, creating products that often resemble traditional sports betting.

The new proposal would largely allow that activity to continue.

What Would Be Allowed?

Under the proposed rules, prediction markets could continue offering contracts tied to:

  • Game winners and losers
  • Final scores
  • Point spreads
  • Tournament advancement
  • Team statistics
  • Player statistics
  • Season-long performance outcomes

In practice, many of these contracts resemble traditional sportsbook products such as:

  • Moneyline bets
  • Point spreads
  • Over/under totals
  • Player prop wagers

The CFTC argues these markets provide value beyond gambling by generating information that may be useful to:

  • Broadcasters
  • Advertisers
  • Sponsors
  • Fantasy sports companies
  • Analytics firms
  • Sports data businesses

What Would Be Banned?

The proposal draws a firm line around contracts regulators believe are easiest to manipulate.

The CFTC would prohibit contracts involving:

  • A single pitch in baseball
  • One shot in hockey
  • One foul in basketball
  • Individual game plays
  • Player injuries
  • Officiating decisions
  • Physical altercations during games
  • Youth sports below the college level, including high school athletics

According to the agency, these contracts raise significant public-interest concerns because individual participants may have greater ability to influence outcomes.

Why Is a Financial Regulator Involved?

The key legal issue is that the CFTC treats prediction-market contracts as financial products rather than traditional wagers.

Under the Commodity Exchange Act, many event contracts are classified similarly to swaps and derivatives, placing them under federal commodities regulation.

That distinction has allowed prediction-market operators to offer sports-related contracts nationwide, including in states where traditional sports betting remains illegal.

The companies argue they are operating federally regulated financial markets rather than sportsbooks.

Growing Battle With States

That legal position has triggered opposition from state gaming regulators and tribal gaming operators.

Critics argue that prediction markets are effectively sports betting under another name and should be regulated under existing state gambling laws.

State officials have warned that allowing federally regulated prediction markets to operate nationwide could undermine:

  • State licensing systems
  • Tax revenues
  • Tribal gaming agreements
  • Consumer protections

The CFTC has largely supported the platforms in ongoing legal disputes, defending their ability to offer contracts under federal law.

Some members of Congress have also questioned whether the agency is stretching its authority beyond what lawmakers originally intended.

Industry Reaction

Initial responses from major operators were measured.

A spokesperson for Polymarket said the company welcomes greater regulatory clarity and intends to participate in the public comment process.

Kalshi said it was reviewing the proposal and had not yet reached conclusions regarding the details.

Why It Matters

The stakes extend far beyond sports fans.

A permanent federal framework could remove significant legal uncertainty hanging over the industry and potentially accelerate growth.

Clear rules could attract:

  • New investors
  • Additional users
  • Institutional capital
  • Media partnerships
  • Sports-league relationships

At the same time, regulators hope restrictions on easily manipulated contracts will reduce the risk of scandals that could damage confidence in the broader market.

What Happens Next?

The proposal now enters a 90-day public comment period.

During that time:

  • Prediction-market operators
  • Sports leagues
  • Gaming regulators
  • Tribal gaming organizations
  • Investors
  • Members of the public

will have an opportunity to submit feedback before the CFTC drafts a final rule.

With multiple lawsuits still working through the courts and states continuing to challenge federal authority over sports-related contracts, the battle over who controls America’s rapidly growing prediction-market industry is far from over.

JBizNews Desk — Washington

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The New York Knicks ended a 53-year championship drought Saturday night, June 13, 2026, in San Antonio, defeating the San Antonio Spurs in five games to capture the franchise’s first NBA title since 1973. The victory delivers one of the biggest moments in modern New York sports history. It also highlights a less-discussed reality: championships can create enormous financial value long before the confetti is swept off the floor.

Start with the team’s owner. The Knicks are held by Madison Square Garden Sports Corp. (NYSE: MSGS), controlled by James Dolan, and the franchise is now valued at approximately $9.85 billion. That valuation has climbed sharply alongside the team’s success, while MSGS shares have surged roughly 43% in 2026 and 86% over the past 12 months.

A championship does more than add a banner to Madison Square Garden. It increases the value of one of the most recognizable sports brands in the world.

The playoff run itself generated significant revenue. David Joyce, an analyst at Seaport Research Partners, estimated the Knicks earned approximately $8 million per home game in the first round from tickets, suites, concessions, and merchandise. That figure rose to about $12 million per game in the second round and roughly $17 million per game during the Eastern Conference Finals. Finals home games were likely worth more than $20 million each, with analysts estimating the entire postseason run could add approximately $140 million in revenue.

One reason the financial impact is so significant is the Knicks’ ownership structure. Unlike many professional teams that play in venues owned by separate entities, the Knicks operate within the same ownership ecosystem as Madison Square Garden, allowing more playoff-related revenue to remain in-house.

The NBA’s revenue-sharing structure still applies. Teams retain approximately 75% of postseason ticket revenue, while the remaining portion is directed to the league to help cover playoff expenses and related obligations.

Fans also paid historic prices to witness the run. The cheapest tickets for NBA Finals games at Madison Square Garden approached $4,000, while average resale prices exceeded $7,000, making the series one of the most expensive Finals experiences in league history.

Beyond the arena, city officials projected a substantial economic impact. Mayor Zohran Mamdani and the New York City Economic Development Corporation estimated the postseason generated approximately $202 million in economic activity from home playoff games. Officials projected that number could have reached as high as $465 million had every possible Finals home game been played, with each game estimated to generate roughly $90 million in spending on transportation, lodging, food, merchandise, and entertainment.

Because the Knicks clinched the championship on the road in Game 5, the final economic impact fell below the city’s highest projection.

Not everyone agrees with the larger economic estimates. Many sports economists argue that major sporting events often shift spending rather than create entirely new spending. In that view, the largest financial gains tend to flow to team ownership, broadcasters, sponsors, and ticket marketplaces rather than the broader local economy.

The championship may also accelerate strategic decisions inside MSG Sports. The company has explored separating the Knicks and New York Rangers into independent publicly traded entities, an idea supported by activist investor Boyar Value Group, which has argued that the market undervalues the franchises when combined under a single corporate structure.

The title only strengthens that argument.

For perspective, MSG Sports reported approximately $1.04 billion in revenue during fiscal 2025. A championship run can continue producing financial benefits for years through higher season-ticket prices, increased merchandise sales, premium seating demand, sponsorship growth, and stronger media value.

So how much did the Knicks’ first championship in 53 years bring in?

Approximately $140 million in additional company revenue, a franchise valuation approaching $10 billion, and hundreds of millions of dollars in estimated economic activity across New York City.

The biggest winners, however, may be the people who already owned one of the most valuable franchises in sports.

JBizNews Desk — New York

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The most expensive night in mixed martial arts history lands on the South Lawn of the White House at 8 p.m. ET Sunday, and the company staging it has already told the public not to expect a profit. UFC Freedom 250 — built to mark the nation’s 250th anniversary and President Donald Trump’s 80th birthday, which falls the same day — will cost more than $60 million, a figure stated on the record by TKO Group Holdings president Mark Shapiro and UFC CEO Dana White in interviews this spring. A White House official confirmed by email this week that the UFC is funding the event and no taxpayer dollars are being spent beyond normal staff duties.

Here’s the part that matters for the business of fighting: the company knows it will lose money Sunday and is doing it anyway. Shapiro has called the show an investment for the long term, built around “earned media,” and said TKO is working with corporate partners to offset roughly $30 million of the cost. There are no tickets to sell. About 4,000 invited guests will watch in person, including more than 1,000 members of the armed services.

So the money has to come from somewhere else. The official UFC listing names Crypto.com and Ram as presenting sponsors. Bud Light, Monster Energy and Polymarket are among the brands lining the rails of the Octagon. White said the UFC is offering sponsorship packages at a reported $1.5 million, though he noted those do not necessarily guarantee a South Lawn seat — “we’re trying to figure out how to bring some money in the door.” A UFC executive said the White House had to approve every sponsor whose name appears on the Octagon canvas.

The bigger financial story sits behind the spectacle. This year, under a seven-year, $7.7 billion agreement disclosed in TKO’s annual report, Paramount became the exclusive U.S. home of the UFC — bringing all 43 annual events to Paramount+ with select events on CBS. The deal averages about $1.1 billion a year, more than double what Disney’s ESPN had been paying, and scraps the pay-per-view model in favor of no extra charge for Paramount+ subscribers. The White House card is the splashiest showcase yet of that arrangement. Despite earlier expectations, CBS will not carry the fights — viewers need Paramount+, owned by Paramount Skydance (NASDAQ: PSKY).

The event nearly didn’t happen. A federal judge cleared it Friday after the Public Integrity Project sued on behalf of two Virginia residents — an activist and a Vietnam War veteran — seeking to block the show and the 92-foot, 600-ton steel structure nicknamed “The Claw” built on the South Lawn. U.S. District Judge Amit Mehta ruled the plaintiffs likely lack standing and failed to prove irreparable harm, noting the card had been public for nearly a year while they waited until June 7 to act. Mehta acknowledged a public interest in preventing “unauthorized, commercial exploitation” of protected landmarks, but said the standing problem weighed against ruling on it.

The president’s own finances have drawn scrutiny around the night. Trump bought stock in TKO before announcing the fight, designed a line of “Trump x UFC Freedom 250” medallions selling for $250 to $12,000, and is holding a $1 million-per-plate fundraiser for his top super PAC the night before. The White House has called the underlying lawsuit baseless and said it was not involved in cost or sponsorship negotiations.

The card carries real stakes for the roster. Ilia Topuria, Justin Gaethje, Alex Pereira and Sean O’Malley are among the fighters scheduled to compete. Topuria headlines against Gaethje, while Pereira meets Ciryl Gane for the heavyweight title in a bid for a third UFC belt. The full card was locked in after every fighter made weight at Saturday’s official weigh-ins in Washington.

Whether the $60 million bet pays off won’t be settled in the cage. It will show up later — in Paramount+ subscriber numbers, in TKO’s next sponsorship cycle, and in how much “earned media” a fight on the President’s front lawn actually earns.

JBizNews Desk — Washington

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What’s worse than giving Iran $6 billion? Giving it two $6 billions.

The United States and Iran signaled last week that they were close to a deal, with reports suggesting it could be signed in Geneva this week.

Alongside those announcements came accounts of what the framework may entail: a memorandum of understanding that would open another 60-day period of technical negotiations; the reopening of the Strait of Hormuz; possible access to frozen assets; discussions over dismantling Iran’s nuclear program and disposing of enriched uranium; and broader understandings affecting Lebanon.

Furthermore, Israel has not been a party to the talks, while Israeli officials have been left to repeat that US President Donald Trump understands Israel’s concerns and conditions.

If those reports are true, Trump’s Iran framework is a disaster.

An MoU can be useful when it locks in firm obligations. It is dangerous when it becomes the price of admission for concessions before the hard questions are answered.

A 60-day process may sound orderly, but in the Middle East, 60 days is enough time for facts on the ground to change. Iran can move material, harden facilities, pressure mediators, and present every delay as proof that the other side is acting in bad faith.

Reports of Iran booby-trapping tunnel entrances

Previous reports have stated that Iran has already taken steps to seal off enriched uranium, including collapsing tunnels and booby-trapping entrances. If accurate, it seems like Tehran is preparing to back out after US forces in the region have diminished and there isn’t much to be done.

Leaving ballistic missiles outside the core bargain would make the framework even weaker. Iran does not threaten Israel only through uranium enrichment. It threatens Israel through missiles, drones, Hezbollah, the Houthis, militias in Iraq and Syria, and the infrastructure that allows those forces to keep Israel under fire.

A deal that speaks about nuclear material while failing to confront the delivery systems and regional networks built around it cannot credibly claim to guarantee Israeli security.

The reported possibility of roughly $12b. in financial relief is troubling. Even if the Trump administration insists that money will be released only after Iranian performance, many of those who condemned the Biden administration for unfreezing $6b. in Iranian assets should view this as twice as dangerous.

Tehran does not need a financial lifeline to become moderate. It needs one to rebuild, rearm, stabilize the regime, reward loyal security forces, and restore the proxy networks that Israel and the United States worked to degrade.

Such relief would also betray the Iranian people. They were told that the free world understood the character of the regime ruling over them. They were told that pressure on Tehran was aimed at the men who jail dissidents, brutalize women, impoverish citizens, and spend national wealth on foreign wars.

A repeat of Obama-era agreement

This smells like JCPOA 2.0. The original nuclear deal was sold as a pragmatic way to delay Iran’s nuclear ambitions. In practice, it gave Tehran time, money, and legitimacy while leaving too much of its regional aggression intact.

The current framework risks repeating the same mistake under a new label: early concessions, vague sequencing, delayed technical talks, hopeful enforcement, and a refusal to confront the full architecture of Iranian power.

It is not enough for Israeli officials to say that Trump understands Israel’s position.

Understanding is not the same as agreement, and agreement is not the same as enforceable language. Israel will face the consequences if Iran cheats, if Hezbollah is strengthened, or if the northern border becomes another arena where Jerusalem is pressed to show restraint while enemies reload.

The reported Lebanon component is deeply troubling. Any concession that pressures Israel toward a cessation of fighting in Lebanon without hard guarantees on Hezbollah disarmament, Iranian funding, and cross-border fire would weaken Israel’s right to defend its citizens.

No state can be expected to outsource the security of its northern communities to promises made by Tehran.

All of this remains speculative. Predicting Trump is difficult even after he announces something, and reported terms can shift quickly.

But if the reports are true, this is not a great deal. It is a dangerous one, and it risks undercutting the enormous American and Israeli effort to weaken Iran’s regime, disrupt its nuclear ambitions, and reduce the threats it poses to Israel, the region, and the world.

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US President Donald Trump was assessed by 22 medical specialists in his latest annual medical examination at Walter Reed National Military Medical Center on May 26, according to a memorandum released by the Physician to the President, Sean Barbabella

This marked the largest number of physicians any president has been examined by in a single checkup, raising concerns among some medical analysts and political commentators about the president’s health as he approaches his 80th birthday, according to a Washington Post analysis.

For reference, this is nearly double the number of specialists who assessed Trump during his prior checkups as president, and more than four times as many as those who assessed former president George H.W. Bush.

A White House official said that the number is necessary to fulfill a “complete and preventative evaluation,” and that “the involvement of multiple specialists reflects a comprehensive, multidisciplinary evaluation consistent with best practices for executive-level medical care,” the Washington Post reported.

“We have nothing to hide,” the official said in the face of public concern over the president’s health.

Physical concerns like bruising, swelling at center of public observation

The three-page memorandum detailed several physical metrics that have been the subject of ongoing public observation.

Trump’s weight was recorded at 238 pounds, reflecting a 14-pound weight gain since his previous examination, and  Barbanella noted lower leg swelling, though the report reflected all-around good health for the president.

Bruises on the president’s hands, which caused concern when they were revealed a few months ago, were described away in the report as consistent with irritation “related to frequent handshaking in the setting of aspirin use for cardiovascular prevention,” representing a “common and benign effect of aspirin therapy.”

“President Trump remains in excellent health, demonstrating strong cardiac, pulmonary, neurological, and overall physical function,” Dr. Sean Barbabella wrote in the memo, adding that Trump is “fully fit to carry out all duties of the Commander-in-Chief and Head of State.”

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The United States plans to significantly reduce the aircraft and warships it makes available for NATO operations in Europe, the New York Times reported on Friday, citing two senior European officials.

The decision would limit NATO’s ability to launch long-range strikes and conduct surveillance, the report said.

The US plan includes cutting the number of F-16 and F-15E fighter jets from roughly 150 to 100, reducing maritime reconnaissance aircraft from 26 to 15, and removing all eight aerial refueling tanker jets it previously made available to Europe, the report said.

The US also aims to redeploy a missile-launching submarine and an aircraft carrier, along with several warships and scores of jets that join the carrier’s missions, the New York Times said, adding that one of two groups of bombers previously assigned for Europe’s defense may also be reallocated.

“Historically, there has been an over-reliance on US forces and capabilities,” NATO spokesperson Allison Hart told Reuters, adding that as Europe and Canada invest more in defense and develop greater capabilities, the balance of responsibility can shift.

Abandoning singular reliance on US may strengthen NATO 

This would strengthen NATO’s defense by reducing reliance on a single ally and reflect a broader change happening within the alliance, Hart said in an emailed statement.

The US Department of Defense did not immediately respond to requests for comment.

The US European Command said in a statement last week that it would “rightsize” its contributions to the NATO Force Model, without providing further details.

Reuters reported in May that the US planned to scale back the military capabilities it would make available to its alliance allies during a major crisis.

US President Donald Trump’s administration has repeatedly accused European governments of underinvesting in ​their militaries and relying too heavily on US protection, while urging both Europe and Asian allies ⁠to boost defense spending to 3.5% of GDP.

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The National Parents’ Leadership Association called on the Education Ministry to reject the Teachers’ Union’s ultimatum to limit the integration of children with disabilities into classrooms on Friday.

While teachers are threatening strike action over staffing shortages, parents are attacking the demand and describing it as dangerous discrimination.

In response to threats by Teachers’ Union chairwoman Yaffa Ben-David, the National Parents’ Leadership Association appealed to the Education Ministry’s director-general, demanding that the move be rejected.

“The Parents’ Leadership Association views the Teachers‘ Union’s letter with great concern,” the organization said in a statement. “This is an improper, discriminatory, and dangerous demand that cannot be accepted in an education system committed to the values of equality, inclusion, and acceptance of others. Instead of fighting for additional staffing positions, the Teachers’ Union has chosen to direct the spotlight at the children themselves.”

Parents’ Leadership Association chairman Oren Ozen stated: “The state’s role is to provide teachers with the tools needed for successful integration, not to remove children from the classroom. The education system cannot afford to send a message of exclusion.”

His deputy, Tzofit Golan, added that Ben-David’s message was “outrageous, dangerous, and unacceptable. Anyone lacking a budget should fight for resources, not for the removal of children.”

Teachers’ Union defends objection to student inclusion law

The Teachers’ Union, however, rejected the criticism. Anat Dadon, chairwoman of the union’s Early Childhood Department, responded by saying that the Inclusion Law in its current form is “a tragedy in the making.”

According to Dadon, “The intention behind the law is worthy, the problem lies in the way it is implemented. When a classroom includes five to seven students entitled to individualized support packages, without enough assistance hours and professional staff, educational teams find themselves facing an impossible task. The agreement was for up to two such students per class, but in practice there are two or three times that number.”

She also called on parents to direct their criticism at the government: “The kindergarten teachers and teachers are not the problem. They are doing far more than what is required under impossible conditions. The anger should not be directed at those on the front lines, but at those who made decisions without providing staffing positions and manpower.”

Dadon stressed that the situation primarily harms the students themselves: “This is not a failure of kindergarten teachers, teachers, or parents. It is a failure of policy that was not backed by resources.”

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Sticky

EATONTOWN, N.J. — As artificial intelligence rapidly changes how businesses operate, JBiz has announced the JBiz Leadership AI Operations Summit, a two-day executive training program designed to help companies improve productivity, streamline operations, reduce costs, and increase revenue through practical AI adoption.

The summit will take place July 13–14, 2026, at the Sheraton Eatontown Hotel in New Jersey and is geared toward business owners, corporate leadership, management teams, entrepreneurs, and organizations looking to better equip their workforce for an AI-driven economy.

Organizers say the goal is simple: help businesses understand how to effectively use today’s leading AI platforms and determine which tools are best suited for specific business tasks.

“Learning how to use AI is quickly becoming as important as learning how to use computers, email, and the internet became in previous generations,” said Duvi Honig, Founder of JBiz.

Open Ai all, Companies are encouraged to send multiple employees and leadership team members together to maximize results and help integrate AI throughout their organizations.

The shift underway is significant. For decades, businesses relied on large teams of junior employees and support staff to handle research, spreadsheets, presentations, scheduling, customer communications, reporting, and administrative work.

Today, properly trained employees using AI platforms such as ChatGPT, Claude, Gemini, Microsoft Copilot, Grok, and Perplexity can complete many of those tasks faster and more efficiently. Increasingly, companies view AI as a collection of virtual assistants that help employees draft emails, conduct research, analyze data, summarize meetings, create reports, improve communication, and accelerate workflow across departments.

Recent surveys suggest the business impact is growing quickly.

An Oliver Wyman Forum–New York Stock Exchange CEO survey found that 43% of CEOs plan to place less emphasis on hiring junior staff while increasing demand for experienced employees who know how to use AI effectively.

Research from Stanford University, MIT, and Boston Consulting Group has also found that workers using generative AI complete more tasks, work faster, and often produce higher-quality results than workers who do not use AI tools.

One high-profile example came from Citadel Founder and CEO Ken Griffin, who recently said that modern AI systems are performing work that previously required teams of finance professionals, completing in hours or days tasks that once took weeks or months.

Meanwhile, the McKinsey Global Institute estimates generative AI could create between $2.6 trillion and $4.4 trillion in annual global economic value across customer service, operations, software development, research, marketing, communications, and workflow management.

“We are watching one of the biggest operational shifts in modern business history,” Honig said. “The companies adapting early are gaining major advantages, while many businesses still don’t know where to begin. This summit was created to provide practical training businesses can immediately apply.”

Unlike many AI events focused on theory, organizers say the program is designed as a practical, implementation-focused training experience. Participants will learn how to use multiple AI platforms together and understand the strengths of each system.

Training will cover:

  • ChatGPT — communication, writing, workflow support, strategy, presentations, and operational assistance
  • Claude — long-form analysis, contracts, planning, and document review
  • Gemini — Google Workspace integration, collaboration, productivity, and research
  • Microsoft Copilot — Excel, Word, Outlook, PowerPoint, and enterprise workflows
  • Grok — live information analysis and trend monitoring
  • Perplexity — research, sourcing, and market intelligence
  • Additional leading AI platforms and workflow tools

Participants will receive hands-on instruction on applying AI to:

  • Communication
  • Operations
  • Documents and spreadsheets
  • Research
  • Sales
  • Marketing
  • Reporting and presentations
  • Administration and workflow systems

Summit attendees will leave with a clearer understanding of the AI landscape, practical workflows they can use immediately, and strategies to save time, improve productivity, reduce administrative burdens, and strengthen operational performance.

Organizers estimate businesses effectively implementing AI can save employees between 5 and 15 hours per week, potentially creating between $12,000 and $54,000 in annual operational value per employee, depending on role and implementation.

For a company with 10 employees, that could translate into productivity gains ranging from roughly $120,000 to more than $540,000 annually, although actual results will vary by company, industry, and adoption levels.

The summit will feature full-day training sessions from 10:00 a.m. to 5:00 p.m. on both days and will be led by professionals with hands-on experience using today’s leading AI platforms.

Participants will leave with a deep understanding of all platforms, practical skills and a framework for immediately execution integrating AI into their daily responsibilities and business operations.

Limited Seating Available! For corporate inquiries, team registrations, and group packages, Visit or contact Esther@OJChamber.com or 212-659-5270 x104.

JBizNews Desk — New Jersey

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Seventy employees of UNRWA (United Nations Relief and Works Agency for Palestine Refugees in the Near East) were fired this week after accusations from Israel and the NGO UN Watch that they were affiliated with Hamas.

“Our sustained documentation of UNRWA’s deep infiltration by Hamas – including our UNRWA Terror Network map identifying at least 400 culprits – together with the USAID Inspector General, has finally forced the agency’s hand,” Hillel Neuer, Executive Director of UN Watch, stated.

Earlier this week, USAID announced that it had referred 101 current or former UNRWA staff members to the US State Department for suspension or disbarment over their role in the October 7 massacre and/or affiliation with Hamas.

“For years, UN Watch has exposed how UNRWA teachers, school principals, and other employees are intertwined with Hamas, including terror chiefs heading the staff unions. Today’s action, while welcome, is only a small beginning,” Neuer added.

UNRWA’s official announcement stated that the action was taken “to mitigate safety and security risks for the refugees the Agency serves.”

It emphasized that Israel had not provided any evidence to back up its accusations, and that the employees’ firing was not intended to be a validation of those claims.

In response, UN Watch accused UNRWA of being more interested in defending itself than in true neutrality.

UNRWA union rejects employees’ dismissal

The UNRWA staff union also responded to the firing, stating that “making such a decision without a fair and transparent investigation constitutes a clear violation of the principles of justice.”

The union called on UNRWA to reverse the decision, and announced that it would remain in continuous session “to monitor developments and take the necessary steps to protect the rights and dignity of UNRWA employees.”

“When the very union representing UNRWA employees is controlled by Hamas operatives,“ Neuer said, “it is unsurprising they object to removing their comrades. This is not the behavior of a neutral humanitarian agency, but of an organization captured by a terrorist group.”

At least 1,500 Hamas members working for UNRWA in Gaza, UN Watch claims

The UN Watch director also claimed that they had identified at least 1,500 other Hamas operatives working for UNRWA in Gaza, with thousands more across the rest of the agency.

“UNRWA cannot be reformed. It must be shut down,” Neuer concluded. “Donor countries should immediately end all funding and work with an agency that indoctrinates children with hate in its schools, and functions as a political and military arm of Hamas. The United Nations has failed. Member states must now act decisively to dismantle this dangerous agency.”

Danielle Greyman-Kennard contributed to this report.

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President Donald Trump said US forces carried out a strike that killed Hector Rusthenford Guerrero Flores, also known as Niño Guerrero, the leader of Venezuelan prison gang Tren de Aragua, on Friday

“At my direction, the United States Southern Command delivered a swift and lethal kinetic strike to successfully execute Nino Guerrero the infamous leader of Tren De Aragua, one of the most bloodthirsty Terrorist Organizations on Planet,” Trump said in a post on Truth Social on Friday evening.

“This action was coordinated closely with our friends in Venezuela, with whom we are working very well.”

Pentagon chief Pete Hegseth posted on X that the strike was conducted earlier this week and that Guerrero “was confirmed killed during the strike.”

Venezuela’s information ministry did not immediately respond to a request for comment.

The Trump administration has repeatedly targeted Guerrero and other leaders of the Tren de Aragua organization with sanctions over alleged involvement in criminal activities such as illicit drug smuggling, human trafficking, and money laundering.

Tren de Aragua deemed a foreign terrorist organization by the State Depratment

The State Department has designated Tren de Aragua a foreign terrorist organization.

Trump has claimed Tren de Aragua coordinated its US activities with the Venezuelan government of President Nicolás Maduro. The Trump administration has cited the alleged connection to justify deporting some immigrants in the US to a maximum-security prison in El Salvador.

Tren de Aragua is known for being involved in human trafficking and controls routes taken by Venezuelans and other South American migrants heading south to relatively prosperous Chile and other destinations in South America or Europe.

The group has also been linked to extortion, kidnapping, money laundering, contract killings, smuggling, and organized retail theft from Panama to Brazil and along the Andean corridor, Latin American police officials say.

Guerrero escaped from the Tocoron prison in Venezuela along with other gang leaders just before a police raid in 2023.

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An Arkia aircraft en route from Tel Aviv to Prague temporarily lost contact with air traffic control while flying through Hungarian airspace on Friday, prompting NATO to activate its highest air policing alert level and scramble two fighter jets to identify and escort the aircraft.

The brief security incident unfolded after the Arkia Airbus suddenly lost radio contact with air traffic controllers while passing through Hungarian airspace. In response, NATO immediately raised its alert status, and Hungary dispatched two JAS 39 Gripen fighter jets to investigate.

The fighter jets located the Israeli aircraft, approached it, and established visual contact. Communication with the flight crew was subsequently restored. According to initial assessments, the incident was likely caused by a temporary technical malfunction, described as a “frequency fluctuation.”

The aircraft was then safely escorted through Hungarian airspace before continuing toward Austria. It exited Hungarian airspace at approximately 8:10 p.m. local time and proceeded to its destination without further incident.

Officials said NATO’s Combined Air Operations Center coordinated the response, while Hungarian authorities confirmed that standard air policing procedures were followed throughout the event. Hungarian Prime Minister Péter Magyar said that “the system operated efficiently throughout the incident.”

Israeli passenger plane escorted through Hungary by NATO jets

Authorities have not yet determined why the aircraft initially lost contact with air traffic control. No additional operational disruptions were reported, and the incident did not trigger any further escalation.

“The flight crew operated in accordance with the approved flight plan and along the predetermined flight routes. At a certain stage during the flight, communication between the aircraft and the Hungarian air traffic control unit was lost,” Arkia said.

“To the best of our understanding, following the loss of communication, the Hungarian authorities decided to deploy a military aircraft that approached the plane, after which contact with the flight crew was restored.

“The incident is under an internal review by the company, which will also examine the circumstances with the Hungarian authorities. The aircraft continued its flight as planned and landed safely at its destination. We emphasize that at no point during the flight was there any danger to the aircraft, its passengers, or its crew.”

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The U.S. Treasury Department sanctioned nine individuals and companies Wednesday for helping Iran’s military acquire weapons, with several of the entities based in China and Hong Kong. In a statement, Treasury Secretary Scott Bessent said the action, part of a campaign the department calls “Economic Fury,” is intended to disrupt “the foreign procurement networks that support the Iranian military’s efforts to acquire weapons.” He added that Treasury “will not tolerate any support of the Iranian military.”

The designations were issued by Treasury’s Office of Foreign Assets Control (OFAC) under an executive order targeting the proliferation of weapons of mass destruction and their suppliers. Among those sanctioned were Chinese and Hong Kong firms accused of helping procure weapons — including shoulder-fired anti-aircraft missiles known as MANPADS — for Iran’s Islamic Revolutionary Guard Corps and its defense ministry. One Hong Kong company was linked to a covert banking network that OFAC said attempted to move money for those purchases.

The sanctions carry significant financial consequences. OFAC warned that foreign banks that knowingly process substantial transactions for the designated parties could themselves face penalties, including losing access to the U.S. financial system. These so-called secondary sanctions are aimed at the banks, brokers, and trading houses that continue facilitating Iranian procurement efforts. The action marks the second major sanctions package in roughly a month, following Treasury measures in May targeting networks connected to Iranian drone and ballistic missile programs.

The repeated appearance of Chinese firms in these investigations raises a broader geopolitical question: How far is Beijing willing to go to protect Iran, and is it using that relationship as leverage against Washington?

China remains Iran’s most important economic partner. According to estimates from analytics firm Kpler, China purchases as much as 80% of Iran’s oil exports, providing Tehran with a critical source of revenue while securing discounted crude supplies for Chinese refiners. Beijing has repeatedly rejected U.S. sanctions on those transactions, arguing that it does not recognize Washington’s authority over commerce conducted outside U.S. jurisdiction.

China has also provided diplomatic support. Chinese officials have consistently described Iran’s nuclear facilities as peaceful and defended Tehran’s right to enrich uranium under the Nuclear Non-Proliferation Treaty. Alongside Russia, China blocked a United Nations Security Council resolution earlier this year that sought action related to the Strait of Hormuz, the strategic oil chokepoint at the center of the current conflict. China’s U.N. ambassador, Fu Cong, said the proposal failed to reflect the “full picture” of the crisis, while Beijing criticized the U.S. naval blockade of Iranian ports as dangerous and destabilizing.

At the same time, analysts caution against overstating the relationship. Reviews conducted by the U.S.-China Economic and Security Review Commission have found no public evidence that China has directly assisted Iran in building a nuclear weapon. Beijing has publicly opposed Iran obtaining such a capability and has generally avoided providing direct military support that could trigger a confrontation with Washington.

Chinese leaders also face practical concerns. China imports roughly 70% of its oil and natural gas, much of it through the Persian Gulf. A wider regional conflict that disrupts energy flows would directly threaten China’s economy. For that reason, Chinese Foreign Minister Wang Yi has urged Iran to respect the “reasonable concerns” of neighboring countries and avoid actions that could escalate tensions further.

U.S. officials have attempted to turn that dependence into leverage. Bessent recently called on Beijing to “step up with some diplomacy and get the Iranians to open the strait.” President Donald Trump has also said Chinese leader Xi Jinping expressed interest in helping broker a settlement while continuing to maintain economic ties with Tehran.

The result is a delicate balancing act. Beijing benefits from maintaining Iran as a strategic counterweight to U.S. influence in the Middle East, but it has so far stopped short of the direct military or nuclear assistance that would risk a severe confrontation with Washington.

For now, what some analysts describe as a Chinese “nuclear buffer” appears less like a deliberate defense strategy and more like the byproduct of economic and diplomatic support. Chinese oil purchases, financial channels, and diplomatic backing help Iran withstand international pressure, but Beijing continues to avoid crossing lines that could trigger broader economic or military consequences.

Each new round of U.S. sanctions tests where that line exists — and how much risk Chinese companies are willing to accept in order to keep Iran’s procurement networks operating.

JBizNews Desk — Asia

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Employees who use artificial intelligence at work are saving the equivalent of a full day every week.

That’s the picture from new research released May 19, 2026, by GoTo, the cloud communications and IT company, and the research firm Workplace Intelligence. Their second annual report, The Pulse of Work in 2026, surveyed 2,500 global employees and IT leaders between November 2025 and January 2026. The headline number: workers using AI save an average of 2.3 hours a day. Over a five-day week, that’s more than 11 hours back in their pockets.

Stretch that across a year and the math gets serious. Separate research from the London School of Economics puts the average savings at 7.5 hours a week, which researchers valued at roughly £14,000 per worker per year. Other estimates land across a wide band. A Federal Reserve Bank of San Francisco analysis pegged the savings at a more conservative 5.4% of work hours, or about 2.2 hours a week. Power users blow past all of it. Industry data shows 27% of frequent AI users save more than nine hours a week, with the heaviest users reporting gains approaching 20 hours.

So where does all that time come from?

Mostly the dull stuff.

The biggest single chunk is writing. Workers are drafting emails, replies, proposals, reports, and presentations that previously consumed hours of their week. One NBER-Microsoft study found knowledge workers cut email time by 31%, saving roughly 3.6 hours a week on inbox work alone.

Meetings are the next major source of savings. AI-powered transcription and summarization tools now generate notes, identify action items, and eliminate many of the follow-up conversations that once existed simply to repeat what had already been discussed. Research is another area undergoing rapid change. Instead of manually digging through lengthy reports, contracts, spreadsheets, and PDFs, workers can obtain preliminary summaries and insights in seconds.

Spreadsheets and data analysis round out the list. AI tools increasingly write formulas, identify trends, clean datasets, and produce first drafts of reports that once required hours of manual effort.

The gains are real, but they are not evenly distributed.

Software developers appear to be among the biggest beneficiaries. Some studies suggest coding output can more than double when AI tools are effectively integrated into workflows. GitHub has reported that users of its Copilot platform complete certain tasks roughly 56% faster. Customer-support agents handle approximately 14% more inquiries per hour. Leadership, management, and highly specialized hands-on roles generally report smaller gains, often two to three hours per week. Frequency of use remains one of the strongest predictors of productivity improvements. Employees who use AI daily consistently report far greater benefits than occasional users.

But the productivity gains are also changing how organizations function internally.

Prof. Lior Zalmanson, who heads the AI Lab at Tel Aviv University, argues that AI effectively gives every employee their own virtual team. Instead of relying on coworkers for brainstorming, research, drafting, analysis, or feedback, employees increasingly turn to AI assistants customized to their own working styles. The result, he says, is the creation of “isolated islands” inside organizations, where individuals become more productive but often work more independently than before.

Sharing knowledge has always been a challenge inside organizations, but the nature of that challenge is changing. In previous decades, companies struggled to get employees to share expertise and institutional knowledge. Today, many organizations are finding that employees are reluctant to share the prompts, workflows, and AI practices that help them perform better. According to Zalmanson, AI tools such as ChatGPT are increasingly viewed as an extension of the individual. Employees often feel that their interactions with AI are highly personal, making them less inclined to adopt someone else’s approach or reveal their own methods. What once revolved around knowledge sharing now increasingly revolves around prompt sharing, creating a new management challenge as companies seek to scale AI adoption across entire organizations.

Here is where the GoTo study becomes more complicated.

The same workers gaining hours are increasingly concerned about their dependence on the technology. Half of surveyed employees said they now rely too heavily on AI. Nearly three in ten reported feeling they could not function effectively without it. Perhaps most striking, 39% said they believe AI use is gradually eroding their own skills and making them less capable. Among Generation Z employees, that figure rises to 46%.

Dan Schawbel, Managing Partner of Workplace Intelligence, said the productivity gains are undeniable, but many organizations are overlooking a quieter challenge: employee confidence. Companies are measuring output improvements while often failing to track whether workers feel their expertise, judgment, and professional development are being weakened by overreliance on AI-generated assistance.

There is also a business cost hiding inside the productivity gains.

Much of the reclaimed time is spent reviewing and validating AI-generated work. AI systems frequently produce polished, persuasive, and confident responses that may contain factual errors or flawed assumptions. Someone still has to verify the output. Researchers from Stanford University and BetterUp have even coined a term for the growing volume of low-value AI-generated content flooding workplaces: “workslop.”

The Upwork Research Institute found that 77% of freelancers reported AI actually increased portions of their workload because of the time required to review, edit, and correct machine-generated output before it could be used professionally.

The lesson for employers is becoming increasingly clear.

Purchasing AI tools is relatively easy. Successfully integrating them into an organization is much harder.

The GoTo research found a significant gap between companies that simply provided employees access to AI and those that invested in training, governance, best practices, and measurable implementation strategies. The organizations reporting the strongest and most sustainable gains viewed AI not as a software purchase but as a long-term workforce and operational transformation initiative.

For workers, the takeaway may be even simpler. The productivity gains are real. The time savings are measurable. The challenge is capturing those benefits without sacrificing the judgment, creativity, expertise, and critical thinking skills that remain uniquely human.

With studies showing employees saving between 5 and 20 hours per week through AI, the upcoming JBiz AI Leadership & Operations Summit will provide hands-on training across leading platforms including ChatGPT, Claude, Gemini, Grok, Microsoft Copilot, Meta AI, Mistral, and Perplexity. Attendees will learn practical frameworks, templates, and workflows to increase revenue, reduce costs, improve productivity, and deploy AI across their organizations immediately. The two-day summit will be held July 13–14, 2026, from 9:00 a.m. to 5:00 p.m. at the Sheraton Eatontown Hotel, 6 Industrial Way East, Eatontown, NJ. For registration, HR Dept inquires, or team enrollment information, click here, email esther@ojchamber.com, or call 212-659-5270 x104.

— JBizNews Desk

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

Iran has accused the US of targeting drinking water facilities in southern Iran with precision bombs, according to a CNN report. 

Iran’s semi-official news agency, Mehr, published photos showing water tanks that were allegedly struck by US munitions. 

Mehr quoted the CEO of Hormozgan Water and Wastewater Company, Abdul Hamid Hamzehpour, saying that “Two concrete water-storage reservoirs with a combined capacity of 2,500 cubic meters in the Bamani district were struck by missiles and completely taken out of service.”

One image released by Mehr included identifiable parts from a US-manufactured precision-guided missile, according to CNN, which could not confirm that the munitions shown in the image were found at the site. 

Iran accused the US of violating the Geneva Conventions by striking the reservoirs, which supply drinking water to 10 villages in southern Iran.

Trump previously threatened to strike Iran’s infrastructure on Truth Social

“This is not collateral damage – it is a calculated war crime and a flagrant violation of human rights,” Iranian Foreign Ministry spokesperson Esmaeil Baghei said.

US President Donald Trump, who has threatened before to destroy Iran’s civilian infrastructure, did not confirm whether the recent US attacks launched in response to the downing of a US helicopter would intentionally do so this time around. 

“I’d rather not hit bridges and power plants. People would not be able to drink water. I don’t want to do that,” Trump said in a Fox and Friends interview on Thursday.

Defense Secretary Pete Hegseth was asked about the targeting of civilian infrastructure on Wednesday, to which he responded that the US would hit targets “that improve the environment for us to operate in,” according to CNN.

US Central Command (CENTCOM) spokesperson Capt. Timothy Hawkins said that he was aware of the reported damage to civilian water infrastructure and was looking into the situation, CNN reported. 

Reuters contributed to this report.

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Slovenia’s government has revoked a 2025 decision banning the export and transit of weapons and military equipment to Israel, as well as most arms imports from the country, the Defense Ministry said on Thursday.

The ministry said the ban, introduced in July, was no longer necessary, as the arms trade is already governed by national law and European Union rules. 

It added that existing legislation and regulations already define licensing procedures and controls, and Thursday’s decision was also aligned with the EU Common Position on arms export controls.

The 2025 measure barred the export, transit of military goods to Israel and imports from Israel, exempting equipment needed for Slovenia‘s security.

The measure was introduced under then-Prime Minister Robert Golob, who said Slovenia was the first EU country to impose such an embargo.

Israel-Slovenia relations grow under new PM

In June, Slovenia’s parliament approved Prime Minister Janez Jansa‘s center-right government, ending a political deadlock since a March election produced no outright majority.

Jansa’s election was hailed as “a new chapter in relations between Israel and Slovenia,” by Foreign Minister Gideon Sa’ar, in a post on X/Twitter on June 4. 

The post announced that Jansa and the Slovenian parliament had approved an Israeli embassy in Slovenia for the first time. 

Jansa responded to Sa’ar’s post on X with his own, saying that he is “looking forward to a new era in Slovenia-Israel relations.”

Jansa is a long-time supporter of Israel. He condemned Golob’s recognition of Palestine as a state, calling it “illegal.” He has repeatedly supported Israel’s right to defend itself, making statements such as “Israel has the unequivocal right to defend itself against Hamas’s attacks. We stand with Israel.”

Under Jansa’s predecessor, Robert Golob, Slovenia became one of the most hostile countries towards Israel, alongside Ireland and Spain. In May 2024, Slovenia announced its recognition of a Palestinian state, and in July 2025, Itamar Ben-Gvir and Bezalel Smotrich were also sanctioned under his government.

Slovenia then imposed a travel ban on Prime Minister Benjamin Netanyahu. In addition to the arms embargo, it also boycotted the 2026 Eurovision Song Contest in Vienna due to Israel’s participation.

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The Trump administration plans to deport a number of Iranians and other migrants to the Central African Republic, a chronically unstable country racked by violence and poverty, two lawyers and an official briefed on the matter told Reuters.

The Iranians include two women who face potential torture and persecution if they are forced to go back to Iran, their lawyer, Emily Trostle, said. One is a Christian convert and the other is a pro-democracy activist, she added.

The US State Department and the presidency in the Central African Republic, which recently reached a deal to accept so-called third-country deportees from the US, did not immediately respond to requests for comment.

Both the women were detained upon arriving in the US in November 2024, Trostle said. They applied for asylum in the US and had secured a form of protection known as withholding of removal from a US immigration judge, Trostle said.

Obtaining that protection meant judges found they faced a risk greater than 50% of being persecuted or tortured in Iran.

The official briefed on the matter told Reuters the first flight to the Central African Republic under the deal was expected to take about 20 people, also including Syrians and Afghans. The plane could leave as early as Thursday, the two lawyers said.

A Turkish national who fled political persecution and also had withholding of removal may be on board as well, said the person’s lawyer, who spoke on condition of anonymity.

Third-country deportation deals 

The Trump administration has used third-country deportation deals, including with Central African Republic’s neighbor the Democratic Republic of Congo, which is now facing an Ebola outbreak, to deport people it can’t legally send home.

Washington has defended the deals as lawful, though rights groups and advocates have said the details of the deals are opaque and many of the deportees are ultimately repatriated.

The US and Israel launched heavy strikes on Iran in late February, kicking off a now three-month-old war.

US President Donald Trump told reporters in April that he thought the Iranian people should rise ​up against the government ​in Iran if a ⁠ceasefire were declared, but understood ​that it was too dangerous ​for them to do so.

“At the very moment the United States is promising the Iranian people freedom and support for standing against the Islamic Republic, it is sending Iranian asylum seekers who fled that same regime back toward their demise,” said Ali Rahnama, interim legal director at the Iranian American Legal Defense Fund.

‘Hundreds’ could be deported under deal 

The deportees will be held in apartments in Central African Republic’s capital Bangui and are not expected to be repatriated immediately, the briefed official said.

Hundreds of migrants could ultimately be deported there under the deal, the official added.

The plan to deport Iranians was reported earlier on Thursday by The New York Times.

The US Department of Homeland Security said last week that all deportees would receive full due process.

A spokesperson for the International Organization for Migration said the agency would “provide post-arrival humanitarian assistance” to the migrants sent to Bangui, at the request of the Central African government.

The spokesperson said the IOM was not involved in the removals and would provide assistance “on a strictly voluntary basis and respecting applicable international standards.”

The US this year awarded $85 million to the IOM for operations in Central African Republic.

The country has endured repeated cycles of unrest since independence from France in 1960, leaving most of its 5.5 million people in poverty.

President Faustin-Archange Touadera signed peace deals last year with several rebel groups, while others have been weakened in the face of Russian mercenaries and troops from Rwanda deployed to shore up Touadera’s government as well as UN peacekeepers.

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The United States was in an “advanced” stage of planning to launch a ground mission into Iran to recover the regime’s enriched uranium, but US President Donald Trump paused the operation, according to a CNN report on Friday.

The report cited two sources familiar with the matter, who told CNN that US Chairman of the Joint Chiefs of Staff Gen. Dan Caine had briefed Trump on the mission, who then decided against it after warnings that such an operation could lead to significant US losses.

According to CNN, Caine rushed from a NATO meeting in Brussels to Tampa, Florida, on May 19 to brief Trump, suggesting that the US was very close to approving the mission before Trump put the brakes on.

Also influencing Trump’s decision were a likely escalation of hostilities between the US and Iran and increased pressure on the global economy, according to the report.

One source told CNN that the potential mission involved “lots of risk,” including potentially severe retaliation from the Islamic Republic.

CNN reached out to a spokesperson for the US Joint Staff, who declined to comment on the mission.

Deal to include dismantling of nuclear program

Reuters reported on Friday that the emerging US-Iran deal will include the dismantling of the Iranian nuclear program and allow the US to collect the regime’s enriched uranium.

A senior US official told Reuters that the deal also includes the reopening of the Strait of Hormuz and the lifting of a US blockade on Iranian ports.

In addition, the source stated that Iran committed under the deal to never develop a nuclear weapon, with the deal itself an important step in that direction.

Pakistani Prime Minister Shehbaz Sharif announced in a social media post on Friday that the deal’s text had been agreed upon by both the US and Iran.

Goldie Katz and Ariella Roitman contributed to this report.

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On February 9, 1413, in the third session of the Tortosa Disputation, a converted Jew named Gerónimo de Santa Fé (Yehoshua ben Yosef) stood before Antipope Benedict XIII and produced a line from the Talmud which, he said, proved the Messiah had already come. 

The pope agreed with him. 

A rabbi from Daroca, in the province of Zaragoza, named Joseph Albo cried out, somewhat violently, that it changed nothing. 

“If it was proven to me that the Messiah had already come,” he said, “I would not consider the Jew is worse off.”

It is tempting to read the book Albo wrote afterward as a long version of that outburst, a wall thrown up against Christian pressure. However, Sefer Ha’ikkarim, the Book of Principles, is much more than that; it is one long work in four books, more than 1,700 pages, and the disputation occupies almost none of it. 

Faith, not philosophy, at the center of salvation 

What Albo built is a complete system of Jewish belief, and an unusually readable one. His own foreword says the purpose was not to win an argument but to show what a divine law is and to guide a person toward true happiness.

It reaches English readers in Joseph Albo: Collected Writings, a volume built on Isaac Husik’s complete translation, which has been the standard English text for nearly a century, with a new introduction, as well as the first English version of Albo’s only surviving responsum.

Maimonides had fixed the principles of faith at 13. Hasdai Crescas brought them down to six, and Albo went further still, to three: the existence of God, revelation, and reward and punishment. He meant them as roots, the few truths a divine law cannot stand without, the ones everything else grows from. Reducing them was not a retreat into minimalism. It was an argument about where the weight of the whole structure rests.

Maimonides had placed the perfected intellect at the center of religious life and made knowledge the road to immortality. Crescas rejected that and put the love of God in its place. Albo took the same turn and argued it across hundreds of pages.

What saves a soul, he held, is not speculation but faith, devotion, and the performance of the commandments. “Faith stands higher than speculation,” he wrote, and “miracles are performed for men of faith, and not for men of speculative knowledge.” Eternal life is open to the ordinary believer, not reserved for the philosopher.

To a community that had just watched its scholars dragged onto a stage and its neighbors pressed to convert, unsure of what they still believed, that was no fine distinction. It was a door held open. 

Maimonides had made the mind the path to God. Albo made it faith. That turn, more than any shared persecution, is the real inheritance the two volumes carry.

The longest of the four books is given to the hardest question a believer faces, which is why the faithful suffer. Albo returns to it through Job, through Jeremiah, through the bitter psalm of Asaph. “I cannot forget the sorrow I feel,” he writes there. “Why do the ways of the wicked prosper?”

A scholar who had lived through the massacres of 1391 dedicated his longest book to why the good are afflicted and what in them outlasts the body. That, far more than any polemic, is the book’s center of gravity.

The path he maps is not a grim one. The highest service, he insists, is from love and not from fear, and even the commandments the mind resists should be performed with joy, the way a person digs gladly for buried treasure. 

Albo wanted a faith a person could live inside, not merely assent to.

Husik, whose translation this is, calls Albo a compiler, and the charge has weight. He drew whole discussions from Crescas, from Simeon ben Zemah Duran, who had already named the same three principles, and from Aristotle, often without credit. The originality of the Ikkarim is not in its raw materials. It is in the order he imposed on them and in the plain preacher’s voice that carried hard ideas to people who needed them.

The polemic is present, but it is one room in a large house. 

In the 25th chapter of the third book, Albo takes apart the Trinity, the incarnation, and the Eucharist on rational grounds, and for centuries censors cut that chapter from the printed editions, keeping his praise of the Torah and deleting his attack on Christianity. Husik’s critical text restores it. 

The single responsum that closes the volume shows the same mind in Halacha. A woman twice widowed, one husband killed in the 1391 massacre at Valencia, is freed to marry again because, Albo rules, a death decreed upon a whole community is not the verdict of one woman’s fate. He learned the ruling, he notes, from Crescas.

Albo ended his book on the priestly blessing, on the last three words, “and give you peace.”

Material prosperity and the perfection of wisdom pull against each other, he writes, and a person is the place where they collide. Peace is the name for their reconciliation, and it is also a name of God.

JOSEPH ALBO: COLLECTED WRITINGS
Edited by Shira Weiss 
Library of the Jewish People/Koren 
1,766 pages; NIS 180

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In the 1850s and ’60s, countries throughout the world experienced an unprecedented economic boom. The GDPs of England, France, Germany, and the United States almost doubled, while global trade expanded fivefold. Capital investment, in the form of bonds, often for railroad construction, fueled the surge. In the early 1870s, what had become a speculative bubble burst; markets crashed, railroads and governments defaulted. This was followed by a global depression and decades of deflation.

In 1873, Liaquat Ahamed (a former investment manager based in London and New York and author of Lords of Finance: The Bankers Who Broke the World) provided an informative and accessible analysis of the first international financial crisis of the modern era.

Throughout his research, Ahamed reported, “one name kept reappearing: Rothschild.” 

The Rothschild family, having made its fortune during the Napoleonic wars of the early 1800s, had established banks in London, Paris, Vienna, and Frankfurt, playing a dominant role in raising capital for governments and private corporations. The richest family in the world by the middle of the 19th century, the Rothschilds owned 41 mansions in the most coveted locales in Europe. Via their reputation and power, Ahamed writes, they evoked an “aura,” often perceived as an “ominous presence,” as the crisis – which, he writes, “offers unsettling parallels to our current economic woes” – unfolded.

Determined to preserve cohesion and accumulate capital across the generations, Mayer Amschel Rothschild, Ahamed indicates, mandated that Rothschild women receive modest dowries. Their husbands could not join the business, and only direct male descendants could become partners. 

Although brothers and cousins were not obliged to do so, they were encouraged to co-invest with one another. And to plow profits back into their banks.

Mayer also strongly supported marriages within the wider family.

Most importantly, the Rothschilds burnished their reputation by doing due diligence to satisfy themselves that their investments would produce results; and backing this judgment with their own money in cases of financial stress. Of 41 bonds their banks underwrote between 1860 and 1885, not a single one defaulted.

For these reasons, perhaps, the Rothschilds were considered “on par” with the great royal families of Europe before the depression of ’73. 

At the funeral of James Rothschild in 1867, for example, 40,000 Parisians lined the three-mile route from his home to the cemetery. La France praised him as “the king of bankers and the banker of kings.”

Although the deflationary impact of the depression persisted throughout the 1870s, exacerbated by the demonetization of silver in several countries, the Rothschilds weathered the storm remarkably well.  

Rothschild bankers made substantial profits, for example, by supplying prime minister Benjamin Disraeli with funds to purchase shares in the Suez Canal from Khedive Ismail Pasha and by underwriting French indemnity bonds. In the 1880s and ’90s, the family branched out even further with investments in South Africa, South America, Burma, Bengal, railways in the Mediterranean, and subways in New York City.

Rothschild Family Arms.  (credit: Wikimedia Commons)

That said, a growing number of Europeans blamed Jews for the depression. In Germany, where Jews owned many banking houses, newspapers and wholesale and retail companies, “antisemitism rose as the stock market fell.” 

Surprisingly, however, most critics focused on Gerson von Bleichröder, Bismarck’s personal banker, rather than the Rothschilds. Alleging an 18,000 year-long Jewish conspiracy to control the world, Wilhelm Marr coined the term “Antisemitismus.” His book became a bestseller.

Nonetheless, the furor died down in 1880, when dozens of distinguished citizens publicly opposed anti-Jewish legislation.  Antisemitism would remain dormant in Germany, Ahamed writes, “only to erupt in more venomous form during a later time of crisis.”

Rothschilds prevented collapse of Paris

In France, even though a $20 million bailout, funded predominantly by the Rothschilds, prevented the collapse of the Paris Bourse, brokers arrested for fraud claimed they were victims of a cabal of German Jewish bankers. 

Their allegations were taken up by journalist Edouard Dumont in a two-volume, 1,200-page screed that also became a runaway bestseller. Attacking hundreds of Jewish families by name, Dumont reserved a special place in hell for the Rothschilds, who, he declared, “despite their billions have the air of second-hand clothes dealers. Their wives, despite all the diamonds of Golconda [a metaphor for inexhaustible wealth], will always look like merchants in their toilet.” 

In 1892, Dumont founded a newspaper, La Libre Parole, which broke the story of Alfred Dreyfuss’s arrest for espionage and became the loudest antisemitic voice in France.

In the aftermath of another depression, which began in 1893, a loan brokered by J.P Morgan and the Rothschilds stabilized the finances of the United States. Nonetheless, Populists charged that the demonetization of silver had been a plot by government bondholders, Treasury Department officials, and Jewish foreign bankers, “tacking on an elaborate fantasy about the malevolent influence of the Rothschilds,” who until this time were not all that well known. 

“Coin’s Financial School,” a pamphlet by William Hope Harvey, a journalist in Chicago, featured a cartoon of a giant octopus, labelled “The Rothschilds,” sucking wealth out of every part of the world. William Jennings Bryan, who would be the presidential candidate of the Democratic Party in 1896, asserted, “We cannot afford to put ourselves in the hands of the Rothschilds, who hold mortgages on most of the thrones of Europe.”

By then, Ahamed points out, massive discoveries of gold in South Africa and the United States ended the drought that “had weighed so heavily on the global economy since 1873, and the great deflation that it had wrought was finally over.”

In the 20th century, however, the scourge of antisemitism was neither gone nor forgotten.

The reviewer is The Thomas and Dorothy Litwin Emeritus Professor of American Studies at Cornell University.

1873: THE ROTHSCHILDS, THE FIRST GREAT DEPRESSION AND THE MAKING OF THE MODERN WORLD
By Liaquat Ahamed
Penguin Press 
352 pages; $32

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For nearly three years, many American leaders have perfected a particular kind of cowardice: saying just enough about antisemitism to sound responsible while doing just enough nothing to stay comfortable with their anti-Israel support base. 

While some publicly pay lip service against horrible antisemitic acts, in reality, their lack of action delivers permission slips in practice. 

Synagogues have been attacked, Jewish students have been beaten on campuses, other Jewish citizens have been beaten in public spaces, and some have been murdered.

Jewish communities across the country, including in Los Angeles, have been targeted, all while the people in charge calculated exactly how little they could get away with doing. There is a word for that kind of response, and it is not leadership.

Spencer Pratt is not someone I expected to be the one to name it so clearly.

The former reality TV star, now running for mayor of Los Angeles, recently blasted the city’s leadership for playing what he called “far too cute” with antisemitism. 

He described how current officials have wink-and-nodded their way through years of rising anti-Jewish hatred, offering just enough condemnation to seem responsible while doing just enough nothing to stay comfortable with their base.

He is right. And the fact that a celebrity candidate is the one saying it out loud should embarrass every elected official who has spent the last three years perfecting the art of the non-response.

Los Angeles has been a case study in this.

At the University of California, the Department of Justice found that the university fostered an antisemitic hostile educational environment in the aftermath of October 7, displaying what prosecutors called “deliberate indifference” to discrimination against Jewish and Israeli students. 

When masked demonstrators erected an encampment and physically beat Jewish students with sticks, doused them with pepper spray, and blocked them from entering academic buildings, the university watched.
 
Police arrived hours later. The governor called the response “limited and delayed.” The mayor called the violence “absolutely abhorrent.” Words. Just words. Carefully calibrated, thoroughly meaningless words.

This is what “too cute” looks like in practice. Statements of concern without police presence. Expressions of outrage without consequences. Press releases timed to news cycles, not to protect any actual human being.

I have written about this pattern before.

When Professor Derek Peterson stood at the University of Michigan’s commencement ceremony and cheered on the very students who had spent two years making Jewish life on that campus a misery, urging them to “make good trouble,” the crowd applauded, and the university’s president sat in his regalia and let it happen. 

A pattern of institutional evasion

When criticism came, the administration issued a mild rebuke, then retracted it under faculty pressure. That, too, was too cute. That was a university calculating what it could afford to say while keeping the peace with the louder voices in the room.

The pattern runs all the way to Congress. When university presidents were asked, under oath, whether calling for genocide against Jews violated their campus conduct codes, the answer was “It depends on context.” 

That answer became, I believe, one of the most-watched congressional clips in recent memory. Not because it was shocking in isolation, but because it crystallized something everyone had already felt. 

The people responsible for protecting Jewish students had spent years finding increasingly sophisticated ways to avoid doing so.

Morality has no context clause.

You cannot beat someone with a stick depending on the context. You cannot blockade Jewish students from a library depending on the context.

The moment we accept that framework, we have already lost the moral argument, and we have handed a permission slip to everyone who wants to harm Jews while maintaining plausible deniability.

History is uncomfortable with this kind of analysis, but it demands it. The Wannsee Conference was full of lawyers. 

Every step of the Nazi persecution of Jews was technically legal under the laws that had been carefully passed to make it so. Legality and morality are not the same thing. Technically, not being wrong is not the same as being right.

Pratt said he has zero tolerance for antisemitism and that protecting Jews requires “strong and unwavering leadership.” 

He pledged to direct the Los Angeles Police Department to increase patrols around synagogues and Chabad centers. Whether or not he wins a mayoral race, he has done something valuable. He has put a name on the disease.

Too cute. The wink. The nod. The carefully worded statement that gestures toward concern while committing to nothing.

The Jewish community does not need more gestures. We need leaders who understand that when they choose comfort over clarity, someone else pays the price.

The writer is the International CEO of Aish, a global Jewish educational movement. He formerly served as Eastern Director of the Simon Wiesenthal Center, where he oversaw the Museum of Tolerance in New York City.

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Col. Netanel Lasri, head of the Planning Department for the IDF ground forces, died at the age of 40 after a long battle with cancer, Army Radio announced on Saturday night. 

Lasri, an armored corps officer, had previously served as commander of the 9th Battalion in the 401st Brigade and in the Golan and Hermon Brigade.

The 9th Armored Battalion received the Chief of Staff Award for excellent performance in 2020 under Lasri’s command, where he credited the armored corps’ discipline and ability to follow orders in a strict manner 

In 2024, he was diagnosed with cancer, which forced him to step down from his position as brigade commander after only eight months in it.

He was later appointed Head of the Planning Department for IDF ground forces, a role he held until his passing.

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The Pacific region has officially entered El Niño, a cyclical weather pattern that results in increased global temperatures and hotter oceans, the US National Oceanic and Atmospheric Administration (NOAA) announced on Thursday.

In its official report, NOAA stated that there was a 63% chance of sea surface temperatures exceeding 2.0° in the region, with the possibility of these higher temperatures causing the event to be considered a “very strong” El Niño.

NOAA’s Climate Prediction Center reported that this El Niño could be among the strongest in the historical record, going back to 1950.

“Every El Niño is not the same; each one is unique with its own imprint on our weather,” said Ken Graham, director of NOAA’s National Weather Service (NWS). “Advanced monitoring and an improved understanding of El Niño patterns allow the NWS to better predict and better prepare the public and our core partners for what is to come.”

El Niño events typically occur every two to seven years, on average, and last for between nine and 12 months. In some cases, however, the events can instead last for years.

This El Niño comes as the world continues a streak of exceedingly warm years, with the World Meteorological Organization (WMO) reporting in January that 2025 had been one of the three warmest years on record, the other top two being 2023 and 2024.

Israel votes against UN climate change resolution

Amid this, last month Israel voted against a United Nations General Assembly resolution backing a World Court opinion that countries have a legal obligation to address climate change.

The resolution, brought by the Pacific island of Vanuatu, affirms a July 2025 advisory opinion by the International Court of Justice (ICJ) that states are obligated to reduce fossil fuel use and tackle global warming.

Israel and the United States joined Saudi Arabia, Russia, Iran, Yemen, Liberia, and Belarus in opposing the resolution. COP31 climate summit host Turkey, India, and oil producers Qatar and Nigeria were among those abstaining.

Reuters contributed to this report.

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One year ago, I talked about how we were about to see a positive shift in the housing market, and with our weekly Housing Market Tracker articles and podcast, I’ve made sure to explain what has really been going on in the housing market since then and what hasn’t.

As we sit here on a glorious weekend — with a U.S. soccer team victory and the prospect of finally having a real deal ending the conflict with Iran — it’s time to review why housing demand is up year over year, and inventory is down year over year, even with higher rates, the conflict in Iran, recession fears and all the other crazy headlines we have seen in 2026. 

Weekly pending sales

Our pending home sales data provides a week-to-week perspective, though results can be affected by holidays and short-term fluctuations.  Our weekly pending sales data typically takes 30-60 days to be reflected in the sales data. 

Why has this index held up in 2026? Housing demand tends to improve when mortgage rates break under 6.64% and head toward 6%. Last year at this time, the 10-year yield was below 4.50%, and mortgage spreads were improving, so we were heading toward the 6.64% level and below.

For the most part this year, we have been under 6.64%, and we haven’t broken above 7% once. Affordability has slightly improved as wages have grown faster than home prices the last two years, so demand has a bit more footing to grow. If rates had just stayed under 6.25% I was looking for 237,000 more existing home sales this year, which would have easily happened if not for the conflict.
Weekly pending sales last week over the last two years:

  • 2026: 75,856
  • 2025: 72,039

Mortgage purchase application data

Purchase application data is a forward-looking indicator: growth here leads home sales by roughly 30-90 days.  Last week was a shock to many, as we saw 7% week-to-week growth and 17% year-over-year growth. The reason for the shock is that mortgage rates are near yearly highs. I wrote this article to explain what is going on.

Why has this index performed better this year, considering we don’t have the extremely low bar that we did in 2025? Keep it simple: 2026 had the lowest mortgage rate curve at the start of the year since 2022, and affordability has gotten a tad better over the past two years. People don’t stop living; they get married, start a household, have kids and work their way up from low levels. This index has performed better than most people thought it would.

chart visualization

Here’s 2026 so far:

  • 10 positive week-to-week prints
  • 10 negative week-to-week prints
  • 2 flat week-to-week prints
  • 10 weeks of double-digit year-over-year growth
  • 20 weeks of positive year-over-year growth
  • 2 negative year-over-year prints

Personally, I would like to see more positive week-to-week data. When we get at least 12-14 weeks of positive weekly data, it amounts to a couple of hundred thousand more home sales. But with volume growth picking up a tad this year and considering rates went up, it’s not bad. 

Housing inventory

Housing inventory is probably a bigger shock than the positive year-over-year demand. With so many headlines about the biggest seller market in history, etc., it was not in anyone’s playbook that inventory would be negative in June of 2026. What happened here?

Last year, inventory growth was very high; at one point, we had 33% year-over-year growth.  As mortgage rates started to fall, that type of growth simply can’t be sustained with stronger demand, given that the first half of 2025 saw higher rates. Again, it’s my belief that housing data improved with mortgage rates under 6.64%, and since mortgage spreads were improving, rates were heading lower with the labor data we had last year.

It’s mid-June —one year since the housing market started to turn. Keep it simple: It’s all about the supply-and-demand equilibrium. When rates fell, demand picked up and since rates never exceeded 7%, inventory growth turned negative. Even in a state like Florida, inventory has been noticeably down year over year because it had been working from an elevated level.

  • Weekly inventory change: (June 5-June 12): Inventory rose from 806,198 to 816,924
  • Same week last year: (May 30-June 6): Inventory rose from 808,524 to 825,718

chart visualization

New listings

New listings data has always been key for the tracker and I want to keep this as simple as possible. The normal range for new listings data is typically between 80,000 and 100,000. Last year, new listings data reached my 80,000 forecast, but it didn’t show enough growth to get back to normal. Last week we had year-over-year growth, but not enough to reach the normal range and seasonality will be kicking in soon. 

With new listings data still slightly below normal, there isn’t a lot of new supply coming on to the market, so we work with the supply and demand equilibrium from above. Never forget that most home sellers are also buyers and supply is a function of demand with housing economics. 

Some context for those who believe that the new listings data resembles the housing bubble years: new listings during that time ranged from 250,000 to 400,000 per week for several years.

Here is last week’s new listings data for the past two years:

  • 2026: 81,754
  • 2025: 78,284

chart visualization

Price-cut percentage

Typically, about one-third of homes undergo price reductions before they sell, reflecting the dynamic nature of the housing market. For the most part, price-cut percentages this year have been lower than last year’s.

In my 2026 home-price forecast, I had a negative 0.62% call for the year nationally. Mortgage rates fell more than I anticipated early in the year. Home-price growth really isn’t going anywhere this year, but the percentage of price cuts is now down 2% year over year. So, it will be harder for my forecast to be correct if rates go lower, demand picks up and inventory heads even lower year over year. 

The price-cut percentage for last week:

  • 2026: 37.93%
  • 2025: 40%

chart visualization

10-year yield and mortgage rates

In the 2026 HousingWire forecast, I anticipated the following ranges:

  • Mortgage rates between 5.75% and 6.75%
  • The 10-year yield fluctuating between 3.80% and 4.60%

Every year, I set a range for where I believe the 10-year yield can go, then take the anticipated spread difference and go with a rate range. So far, mortgage rates have stayed within my forecast range all year and the 10-year yield only briefly broke above 4.60% at the height of the conflict with Iran. Both rates and the 10-year yield are off their highs. Again, the key to 2026 is that because of mortgage spreads, mortgage rates have rarely spent time above 6.64% and have never gotten above 7%.

chart visualization

Mortgage spreads

Mortgage spreads have been a positive story for the past few years. Because of the Silicon Valley Bank crisis and fear of recession, not a lot of people thought mortgage spreads would improve after 2023 — but I did.

In 2026, I have been looking for spreads to get back to normal at 1.80%, but I thought that would happen toward the end of the year, not early. However, in January President Trump directed Fannie Mae and Freddie Mac to buy $200 billion in mortgage backed securities and spreads returned to 1.81% early in the year. They have been very tame since then — as they should be, even with all the crazy events.

chart visualization

Historically, mortgage spreads have ranged from 1.60% to 1.80%. Last week, spreads closed at 1.99%, down from 2.01% the week before.

Let’s compare last week’s mortgage rates to where they would have been over the last three years, given the 10-year yield’s current level:

  • If we had the worst mortgage spread levels of 2023, mortgage rates would be 7.70% today, not 6.58%.
  • If we had the worst levels of 2024, mortgage rates would be 7.32% today 
  • If we had the worst levels of 2025, mortgage rates would be 7.13% today.

The week ahead: Iran, Fed meeting and a ton of economic data

It’s going to be a monster week: we will have the market reaction to the hopefully signed Iran conflict deal, the Fed meeting with new Fed Chair Kevin Warsh and a ton of economic data: housing starts, retail sales,and pending home sales.

This week, the focus should be on how the bond market reacts to all the events above because we know that the housing market can shift positively with rates just heading toward 6%. 

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The Food and Drug Administration (FDA) has classified a recall of more than 900 cases of Alfredo sauce at its highest risk level after a supplier recalled a dry milk powder ingredient used in the product due to potential salmonella contamination.

The FDA designated the recall as a Class I event, its most serious classification, meaning there is a reasonable probability that use of or exposure to the product could cause serious adverse health consequences or death.

The recall affects 913 cases of Alfredo sauce packaged in 3-pound, 7-ounce sealed poly bags and 12 bags per case, according to an FDA enforcement report.

FORD RECALLS MORE THAN 255,000 FOCUS VEHICLES OVER ENGINE STALL RISK

According to the FDA, The Coffee Connexion Co., Inc., which is based in Lebanon, Tennessee, voluntarily initiated the recall on May 6, after a supplier recalled a dry milk powder ingredient used in the product due to potential salmonella contamination. The recall remains ongoing.

A representative for The Coffee Connexion Co. did not immediately respond to FOX Business’ request for comment.

The affected product carries UPC 0039954921963 and includes batches 046188 through 046193 with a best-by date of Jan. 12, 2028; batches 047290 through 047296 with a best-by date of Feb. 16, 2028; batches 048029 through 048034 with a best-by date of March 9, 2028; and batches 049089 through 049094 with a best-by date of April 20, 2028.

MORE THAN 17K COFFEE MAKERS RECALLED AFTER DOZENS OF REPORTED BURN INJURIES

According to the FDA, the product was distributed in Alabama, Arkansas, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin and Wyoming.

Salmonella can cause serious and sometimes fatal infections in young children, older adults and people with weakened immune systems. Healthy people infected with salmonella often experience fever, diarrhea, nausea, vomiting and abdominal pain, according to the FDA.

The FDA’s enforcement report states that no press release was issued for the recall and does not indicate whether any illnesses have been reported.

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The recall was assigned FDA recall number H-0909-2026 and received its Class I classification on June 4.

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The IDF’s 36th Division is continuing to clear tunnels beneath Beaufort Ridge, the military announced on Saturday.

The IDF noted that in one of the tunnel routes, troops discovered maps outlining northern Israel communities that border Lebanon.

According to KAN News, Hezbollah built an extensive underground complex that was intended for emergency use by the terrorist group after it lost Beaufort Castle to Israel’s large-scale anti-terror operation in Lebanon.

The tunnel network can reportedly accommodate hundreds of Hezbollah operatives across multiple rooms designed for long-term use.

The rooms include living quarters, plumbing, electrical infrastructure, and extensive anti-tank and aerial defense arrays “intended to target IDF troops and Israeli civilians,” the military stated.

IDF strikes Hezbollah terror targets

In another recent operation, the IDF identified and struck two Hezbollah terror cells operating from an underground route in southern Lebanon.

Troops then found two Kalashnikov rifles and various military equipment on the terrorists, as well as other weapons and launch positions that were destroyed near the underground route.

The IDF also struck more than 70 Hezbollah infrastructure sites in 24 hours, including launchers and buildings used by Hezbollah terrorists to advance terror activities against IDF forces and Israeli civilians.

The IDF announced on Friday that it had recently killed more than 10 of Hezbollah’s field commanders, as well as their successors, during operations in southern Lebanon.

Among the terrorists previously killed was the commander of Hezbollah’s Nasser Unit, Hajj Salameh. Less than two months after his assassination, two of his successors, Mahdi Bazzi and Ashraf Salloum, were killed.

Additionally, the IDF killed the commander of Hezbollah’s Shaqif Sector, Nasser Shaqir, and his successor, Ahmad Sablini, within 12 hours of each other.

The other Hezbollah commanders killed were Bint Jbeil Sector Commander Ali Abbas, Tyre Sector Commander Kamil Younes, Hajir Sector Commander Fuad Moussa, Jibshit Sector Commander Hussein Salami, al-Khiam Sector Commander Ali Khayekh, and Qana Sector Commander Musallam Harb.

Goldie Katz and Leo Feierberg Better contributed to this report.

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Israel is preparing for the possibility that the pending US-Iran agreement will result in calls to stop the IDF ground advance against Hezbollah in Lebanon, KAN News reported on Saturday.

KAN cited Israeli security sources as saying that the IDF is preparing to stop its deeper attacks into Lebanon to avoid harming the US-Iran deal, but will not withdraw from the security zone as part of that agreement.

The sources also said that the issue of the IDF’s full withdrawal will be discussed with Lebanon during talks in Washington later in June.

The IDF’s 36th Division has continued to push north in Lebanon, according to KAN, with some reports saying they have neared the large Lebanese city of Nabatieh.

IDF: Nabatieh an important Hezbollah stronghold

The military said that Nabatieh is an important Hezbollah stronghold and the IDF, therefore, must seize the opportunity to reach the city.

KAN noted that the IDF has limited its operations in Beirut due to the pending US-Iran deal. While sources reported Hezbollah had agreed not to fire upon northern Israeli communities, the Prime Minister’s Office described the reports as “fake news.”

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Growing up, I was never much of a concertgoer. I didn’t understand the allure. “I own the albums, why should I pay extra money to see them repeat it?” was my thought process. 

But then, in mid-college, I traveled with some friends to see the Dave Matthews Band. Although their CDs lived along with many others of mine, I wasn’t a huge fan. But something changed after I saw them live. 

It was more of a communal experience, like seeing a movie in the theaters as opposed to at home. Beyond becoming a concert enthusiast, I became a lifelong DMB fan – or so I thought.

One of the most memorable concerts was at an outdoor venue in Boston. It was raining throughout the opening acts, and there was concern that it might be canceled. I was praying it wouldn’t be true. 

By this point, the Dave Matthews Band were my favorite live performers.

When Dave finally took the stage alone, the crowd went crazy as he picked up a twelve-string guitar to open with the song “JTR.” The chorus is a refrain of the words “rain down on me.” 

Each time he belted it out, the energy of the crowd intensified. “He’s crazy,” I recall thinking. In retrospect, it was just stupid. The amount of electricity on that stage could have killed him. And as it turns out, nothing has changed.

Even after emigrating to Israel, some 20 years post-college, Dave Matthews still played a prominent role in my Apple Music library. It could have been due to nostalgia or the fact that well into my 40s, DMB – despite the death and estrangement of two band members – was still producing solid music. 

And I wasn’t alone in my admiration. My wife and brother-in-law were also fans. Some of our best memories were attending concerts together when we visited “the old country.”

But then, like so many other artists we love, politics got in the way.

I can remember exactly where I was when I first heard of it. “You don’t know what he’s been saying?” a colleague asked me over breakfast. “Oh no,” I replied. 

“Are you sure you want me to tell you this?” he asked. I had to know.

Matthews opposes Israel’s offensive following October 7

Since October 7, Dave Matthews has been a vocal opponent of the Israeli offensive. Concerts were littered with statements about how all war was wrong and that the war in Gaza was a genocide. 

I remember sloughing off Dave’s lefty politics in my youth. At the time, I wasn’t much of a news buff, so it didn’t bother me.

Who could argue with a message of peace?

However, in the last two and a half years, many concerts have ended with him holding up signs of “Stop the Genocide” and

“Stop Killing Children” while draped in a keffiyeh. 

It was just too much. The sad day finally arrived when I deleted all of his music from my library. My brother-in-law and I still send each other messages every now and again about the band, but none of them are positive. 

A few weeks ago, a favorite comedian of mine, Pete Holmes, shared a bit about how everyone unilaterally stopped eating Subway sandwiches. “One day in the late 2010s, we all got a wireless transmission. No more Subway. And no more Dave Matthews. It was the same day. No more DMB and no more BMTs [a type of Subway sandwich].”

“I wish I had gotten the memo,” I wrote to my brother-in-law. It would have saved me a lot of heartache.

But sometimes, there are those who just can’t leave bad enough alone.

Apparently, Dave Matthews has finally felt the financial ramifications of those of us who had to leave him behind. A video is making the rounds online of him reading a prepared statement to a crowd at one of his concerts. 

“It is no secret that I disagree with the policies of Israel and the United States and the treatment of the civilian population in Gaza and the West Bank,” he began. “That should by no means be twisted into anyone thinking I’m bigoted or antisemitic in any way at all.”

Dave then lists numerous famous Jews, indicating society’s debt to their various world-changing contributions. 

He also shared that he was attending his best friend’s son’s bar mitzvah on October 7, which was interrupted by the horrible news. If he had stopped there, it wouldn’t have made up for all that he had done, but it would have at least been a quasi-positive statement.

“The violence born out of that day against the Palestinian people is no less horrific and multiplies the death and suffering over and over.”

There’s something missing in this statement. Dave, you skipped over a major detail in the story – Hamas and the atrocities they waged on the Jewish people. What resulted from October 7 was not and is still not about vengeance. 

If Israel could have neutralized the threat of the terrorist organization that raped and burned women and children without any collateral damage, we happily would have.

With the ever-present threat of rocket fire from Iran and daily drones from Hezbollah, the attacks are relentless. 

Multiple terrorists from the West Bank infiltrated an Israeli town and gunned down six innocent civilians. And a vehicle-ramming attack recently occurred near the entrance of our town as my 15-year-old daughter was making her way home.

We held our breath until she arrived safely.

Working for peace is not wrong. We Jews pray for it three times a day. But you’re pressuring the wrong side. Israel has consistently strived for peaceful coexistence with its neighbors – yet defending ourselves is non-negotiable. 

To demand only peace when killers are at your doorstep is as foolish as standing on an electrified stage in the middle of a lightning storm.

The writer is a rabbi, a wedding officiant, and a mohel who performs britot (ritual circumcisions) and conversions in Israel and worldwide. Based in Efrat, Israel, he is the founder of Magen HaBrit, an organization protecting the practice of brit milah and the children who undergo it.

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A 29-year-old Palestinian man was shot by a resident on a farm in the Geva Binyamin settlement in the West Bank on Saturday after allegedly threatening the farmer with a stone. 

According to the farm’s owners, the Palestinian trespassed onto their property and attempted to attack the resident when the farmer approached him to investigate the situation. 

The resident reportedly felt threatened and then fired his personal weapon, wounding the Palestinian. The injured man was evacuated for medical treatment before the authorities arrived and will later be transferred to security forces for questioning.

Unconfirmed reports have suggested that the Palestinian attacker was suffering from a mental illness, but the police have reported that the investigation into the incident is ongoing.

Israeli government approves 61 more West Bank settlements

This comes as tensions rise in the West Bank, with the government expected to approve funding to establish 61 new settlements in the area. 

The plan involves allocating over $350 million over several years and is being promoted by far-right Finance Minister Bezalel Smotrich.

According to Axios, many of the settlements included in the proposal are located in “strategically sensitive areas.”

Some are located along Highway 90 in the Jordan Valley, in the South Hebron Hills, and in locations “designed to create territorial continuity between existing settlements.”

In another decision, the Higher Planning Council, a body that operates under the Defense Ministry, approved the development of 2,162 new housing units in West Bank settlements, Smotrich announced earlier this month.

Smotrich welcomed this decision, saying that “we are continuing to build the Land of Israel in practice.”

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Yaki Dayan, Israel’s former consul general in Los Angeles, said that US President Donald Trump’s push for an agreement with Iran reflects a change in direction in Washington and has raised concern in Israel.

In an interview with 103FM, Dayan said Trump has moved into a new phase.

“Trump has moved into a phase. He is now focused on world peace, peace with the Iranians, and expanding the Abraham Accords,” Dayan explained. “He will want to show in signs and wonders that he is a president of peace.”

Addressing the details of the emerging agreement with Tehran, Dayan said the picture is not encouraging.

“From his point of view, the picture of victory is enriched uranium and stopping nuclear enrichment. However, they are talking about not even removing the enriched material, but diluting it, which is a problem in itself,” he said. 

“All of this is happening while, within 60 days, Trump is lifting the economic siege, the tool that was really effective and the only one left. It does not look great.”

US, Israel’s interests are dissimilar in Lebanon

Dayan confirmed that there is a clash of interests between the US and Israel regarding Hezbollah in Lebanon.

“There are many cases in which the interests of the US and Israel overlap, but there are cases, like in Lebanon and now in Iran, where they do not overlap, and then the American interest outweighs Israel’s.

“Israel did not want to see such an agreement, because we had the feeling that as long as the murderous regime in Iran remains, the motivation to destroy the State of Israel has not ended.”

At that point, 103FM asked whether Trump was humiliating Prime Minister Benjamin Netanyahu with his remarks. Dayan said this is a characteristic style that is not reserved for Israel alone.

“That is the Trump style, there is no special treatment here,” the former consul general said.

“Sometimes when Trump’s Trump kicks in, there are no protected people and no immunity, including Netanyahu. There is no doubt that the two have a very good relationship, but Trump is now in a phase of world peace, and I am not sure he necessarily thinks Netanyahu is the natural partner for that.”

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A new campaign calling for rallies in the Gaza Strip later this month has gained momentum in recent days. Launched under the banner of the June 26 Revolution, the campaign seeks to protest Hamas rule and the current political, social, and humanitarian reality facing Palestinians in the Strip.

The initiative – which appears to have been organized by a group of Palestinian activists, exiled social media influencers, and journalists, mostly from Gaza – highlights the need for change and calls on Gazans to take to the streets.

“The people of Gaza need to rebuild their lives. The suffering has to stop,” Gazan journalist Abed al-Hamid Abed al-Ati, one of the prominent figures pushing the June protests, told The Jerusalem Post.

Ati said the aim is to give hope to Gazans and show them a path to dignity and a normal life, away from ongoing displacement and daily struggles.

“We are not asking much; we just want to live like any other human beings,” he said. Ati is known for criticizing the political and living conditions in the Strip.

“I see my role as helping Gaza residents because no one else is stepping in. People have been displaced and left in tents, and they’re just not seeing, at least for now, any real signs on the ground that their lives are about to significantly change and get better soon,” he explained. “We reject the continuation of this war. It needs to end.”

Activists call on Gazan civilians to protest against Hamas 

The June 26 Revolution movement has released several statements. One reads: “The people are the source of authority. They are the ones who have paid the price with their homes, future, sons, and daughters. From this painful reality, the people declare their revolution as a renewed expression of their independent will, rejecting oppression and the continued occupation of the Gaza Strip.

“The people have the right to proclaim their lives and reject surrendering to reality imposed upon them. We refuse to have our dignity violated or to be humiliated by standing in bread lines. We reject reducing our lives to living in a tent and waiting for water.”

The call for popular protest has begun to draw attention among Palestinians, with some expressing solidarity with the campaign’s goals and implicitly criticizing Hamas’s rule.

“We are thrown away in the streets. Wake up! For God’s sake, what are you waiting for?” a young Palestinian man said about the movement’s initiative.

Another Palestinian who spoke out against the terror organization asserted that “Hamas is finished” and urged Gaza residents to join the protests set for the end of June.

“Don’t be afraid. Demonstrate for the sake of your children and the dignity that was taken away from you. Free yourselves from slavery and injustice.”

Another statement released by the June 26 campaign read: “Our revolution does not await promises from anyone. The people are the ones required to act. We affirm our commitment to the peaceful nature of our revolution, and we call on local, international, legal, and media institutions to provide support and protect the protesters on June 26.”

However, the call for popular protest against Hamas rule has sparked controversy, as some accuse campaign members of “betrayal and collusion with the Zionist entity” due to their criticism of the “resistance.”

Ati has also come under attack by Hamas affiliates who have portrayed him and his colleagues as “traitors and collaborators with Israel” who seek to “fuel anarchy.”

Yesterday, Ati announced his withdrawal from the protest campaign. Palestinian sources in Gaza said it followed death threats made against his family because of his activities.

However, shortly after, he reversed his decision, explaining that his return came in response to the will of the people, who rejected his stepping back and insisted on the importance of this vital move.

“We continue for the sake of our people’s dreams. Intimidation is not going to bring results,” he said.

“I don’t have any agenda but to serve my people,” he stressed.

Ati now lives in Cairo with his three young daughters. He left Gaza shortly after the war began, triggered by Hamas’s October 7, 2023, massacre in southern Israel. His mother, sister, brother, and brother’s wife were killed in bombardments in northern Gaza. He said he managed to flee with his daughters from the rubble in Nuseirat and was displaced several times before leaving the Strip.

“I lost a lot, like many others in Gaza,” he told the Post. “It’s now clear to me that if this unbearable situation continues, there will be no stability and relief, and we cannot afford for that to happen. We deserve a decent life and freedom,” he added, claiming that many residents in Gaza do not support Hamas.

“I hear from people that they want the Hamas regime to go and that it’s time to turn a new page,” he said.

In a clear reference to Hamas, Ati added, “those responsible for bringing war and destruction upon us do not deserve to continue leading and should relinquish power.”

“An entire people has been punished because of the reckless gamble of one organization [Hamas].”

During the Israel-Hamas War, only a few limited rallies emerged in the Strip, with participants demanding an end to the fighting and protesting worsening conditions.

In March 2025, a local demonstration in Beit Lahia, northern Gaza, included calls for Hamas to step down. Those protests were quickly suppressed by Hamas operatives, cracking down on public dissent just as they did in 2019 during the “We Want to Live” protests.

“People are exhausted,” Ati noted. “They are dying and have nothing left to lose.”

“How can someone continue living like this? No health systems, no education, more than 70,000 killed, many others wounded, and so much devastation. We are human beings, not numbers,” he said.

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Sam Bankman-Fried, the former crypto billionaire convicted for fraud in 2023, lost an appeal to overturn his conviction and 25-year prison sentence Friday, Reuters reported

A New York jury found Bankman-Fried guilty on two charges of wire fraud and five conspiracy counts in November 2023 for his actions while running FTX, a cryptocurrency exchange that declared bankruptcy in 2022 after once being valued at more than $26 billion.

Bankman-Fried pleaded his case to a three-judge panel of Manhattan’s 2nd U.S. Circuit Court of Appeals, who unanimously rejected his plea on Friday, calling the evidence against him “conservatively stated, robust,” according to Reuters. 

“While he was publicly reassuring customers, investors and regulators that FTX customer funds were ​safe, he was simultaneously using FTX as his own personal piggy bank, spending customer funds on real estate, ​political contributions, and investments,” Circuit Judge Barrington Parker stated, per Reuters.

DEAL-MAKING CLEMENCY: INSIDE TRUMP’S MOST DISPUTED PARDONS OF 2025

Bankman-Fried became a prolific political donor in the years leading up to his conviction. 

While the one-time crypto magnate appeared to strongly favor Democrats with his donations — his $40 million contributions to Democrats in the 2022 midterms made him the party’s second-biggest donor after George Soros — he poured a significant amount funds into Republican coffers as well. 

According to Michael Lewis’ book about Sam Bankman-Fried’s rise and fall, the former crypto billionaire explored whether a large payment could persuade then-former President Donald Trump not to run for president again. Now, Sam Bankman-Fried signaled he’s like a presidential pardon from Trump.

Bankman-Fried made the admission in an interview with Fox Business’ Susan Li, who asked him if he wanted a pardon.

“Absolutely,” he told Li, adding, “It would be obviously, you know, ultimately up to the president, not up to me.”

Bankman-Fried also insisted he was innocent of defrauding or stealing from his customers. 

CONVICTED FTX FOUNDER SAM BANKMAN-FRIED INSISTS HE’S INNOCENT IN EXCLUSIVE PRISON INTERVIEW

“I didn’t steal user funds either,” he told Li. “Customers have been repaid now 170% or so on their deposits. It’s one of the very few cases where the platform was over-collateralized, where customers were more than made whole. And yet there was, you know, not just a criminal investigation, but a prosecution. And, you know, dozens of years of sentence[s].”

FTX’s bankruptcy estate confirmed to FOX Business that customers are being repaid in full with some getting returns as high as 118%. However, those estimations are calculated using crypto prices from November 2022, a near-bottom in the cryptocurrency market.

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Federal prosecutors alleged during the trial that Bankman-Fried systematically diverted billions of dollars in customer deposits to cover trading losses at his private hedge fund, Alameda Research, orchestrating what they described as a financial fraud of historic proportions. 

Fox Business’ Kristen Altus and Susan Li contributed to this report.

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