The traditional American pastime of gathering at a local sports bar to watch Sunday football is being strangled by a technical and financial bottleneck, one restaurateur is warning.

“It’s why we’re speaking up, because the simple matter is that it is hard to watch all of the streaming things… Is it on YouTube TV? Is it the [NFL] Sunday Ticket? Is it Amazon?” Texas restaurateur and Tailgators Pub & Grill founder Jim Hallers said on “Varney & Co.” Friday.

“For the last 30 years, it’s come to us through DirecTV, and it’s just worked,” he continued. “And so we like a centralized approach, but we just need technology that works, and streaming is still very immature.”

Testifying before Congress on Wednesday, Hallers explained to lawmakers that the sports media landscape’s sudden fragmentation into separate streaming apps is creating an expensive tech maze for hospitality venues, threatening the business model of – often-rural – neighborhood pubs that rely on NFL fans to keep their doors open in the fall.

TOM BRADY LAUNCHES GOOD NUT COCONUT WATER LINE WITH GOPUFF IN MARKET EXPECTED TO REACH $11B BY 2030

“Everybody has to move to streaming. And so, literally, now, we have to buy streaming boxes. And in a typical smaller bar where I have maybe 30 or 40 TVs with a DIRECTV box mounted behind every television, I now have to get an EverPass streaming box. But you can’t put an EverPass streaming box behind every TV. It doesn’t work like that,” Hallers said on Capitol Hill. “Just imagine at home, if you tried to stream, you know, 30 Netflix’s at once, your internet’s just going to die. Well, it’s the same way for most bars and restaurants today.”

“One commercial video switch with enough inputs and outputs can cost in excess of $15,000. A full upgrade including equipment, wiring and the labor, will cost $30,000 to $40,000 per restaurant,” he also testified. “So instead of simplifying the business, the transition is adding another layer of cost and complexity.”

Wednesday’s congressional hearing stemmed from the Iowa Restaurant Association and the Wisconsin Restaurant Association, which each represent thousands of independent restaurant and bar owners, sending letters to high-powered GOP lawmakers in their states urging them to act on “a significant shift in the commercial distribution of NFL Sunday Ticket that threatens to impose immediate and substantial burdens on small businesses” across their states.

The concern comes after streaming service EverPass Media announced it would become the exclusive commercial option for NFL Sunday Ticket starting with the 2026 season. The Iowa letter was sent to Senate Judiciary Committee Chairman Chuck Grassley, while the Wisconsin edition went to Rep. Scott Fitzgerald, who chairs the House Judiciary Subcommittee on Antitrust.

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“We understand that transitioning to a streaming-based solution for NFL Sunday Ticket may require planning, from connectivity and hardware to overall venue readiness. That’s why our team is committed to helping customers make the transition with confidence and be fully prepared before kickoff. Our goal is simple: make sure your venue is ready well before the first Sunday of the season, so you can focus on what matters most: delivering a great experience for every guest who walks through the door,” EverPass’ website reads.

“We really need it to work,” Hallers pleaded on Friday. “It’s not a matter of price. We just want technology that works, and that’s what they’ve been taking away from us.”

READ MORE FROM FOX BUSINESS

Fox News’ Brian Flood contributed to this report.

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Former FTX CEO Sam Bankman-Fried has lost his appeal seeking a new trial, with a federal appeals court upholding his fraud conviction and 25-year prison sentence.

What Happened

On Friday, the U.S. Court of Appeals for the Second Circuit affirmed the conviction of Sam Bankman-Fried, rejecting arguments that he was denied a fair trial and improperly prevented from presenting key evidence.

The decision leaves intact the verdict reached by a New York jury in November 2023, which found Bankman-Fried guilty on seven counts of fraud and conspiracy tied to …

Full story available on Benzinga.com

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Ripple (CRYPTO: XRP) CEO Brad Garlinghouse sharply criticized JPMorgan (NYSE:JPM) CEO Jamie Dimon’s opposition to cryptocurrency legislation, accusing the banking executive of either intentionally misrepresenting or negligently misunderstanding the implications of the CLARITY Act.

Dimon Trying To Protect

Speaking on Fox Business on June 11, Garlinghouse pushed back against Dimon’s recent criticism of the CLARITY Act, a bill designed to establish a regulatory framework for digital assets in the U.S.

Dimon had argued that certain provisions could weaken oversight and allow crypto firms to offer reward programs that compete with traditional banking products.

Garlinghouse rejected those claims.

He noted that a large portion of global crypto trading activity remains offshore, arguing that …

Full story available on Benzinga.com

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NEW YORK — The New York Knicks are one win away from their first championship in more than half a century, and the city is cashing in on every game.

In an announcement on Wednesday, June 3, New York City Mayor Zohran Mamdani and the New York City Economic Development Corporation estimated the team’s 2026 playoff run had already generated approximately $202 million in economic activity from home games, with the total potentially climbing to $465 million if the NBA Finals reach a full seven games.

“When the Knicks win, New York comes alive,” Mamdani said.

The math is straightforward.

City officials estimate each additional home playoff game generates roughly $90 million in economic activity, including spending on tickets, food, merchandise, transportation, and hotel accommodations.

That money flows through the local economy, benefiting arena workers, restaurants, bars, transportation providers, retailers, and hospitality businesses throughout the five boroughs.

As of Friday, June 12, the Knicks hold a 3-1 lead over the San Antonio Spurs in the NBA Finals.

They can clinch the championship on Saturday in Game 5 in San Antonio.

A victory would give the franchise its first NBA title since 1973 and its first Finals appearance in 27 years.

The road to the Finals has been dominant.

The Knicks defeated the Atlanta Hawks before sweeping both the Philadelphia 76ers and the Cleveland Cavaliers to earn a spot in the championship series.

There is, however, an unusual business twist.

Because the Knicks advanced so quickly through earlier playoff rounds, they actually hosted fewer playoff games than they did during last year’s postseason run.

According to city estimates, New York hosted seven home playoff games in 2026, compared with nine in 2025.

That means a dominant team can sometimes reduce the economic benefit to the city.

If the Spurs extend the Finals and force a Game 6 at Madison Square Garden, another significant economic boost would follow.

For the company that owns the team, the playoff run has been highly profitable.

Madison Square Garden Sports, the publicly traded parent company of both the Knicks and the NHL’s New York Rangers, has seen its valuation climb sharply.

The Knicks franchise is now estimated to be worth approximately $9.85 billion, representing roughly a 30% increase over the past year.

Analysts estimate the playoff run alone could generate approximately $140 million in additional revenue.

The company reported roughly $1.04 billion in revenue during its most recent fiscal year, and management has explored ways to provide investors with more direct exposure to the Knicks as a standalone asset.

Each home playoff game has become a significant profit center.

Industry analysts estimate a single postseason game at Madison Square Garden can generate approximately $5 million in profit, driven by premium ticket prices, concessions, sponsorships, and merchandise sales.

The ticket market reflects the excitement.

Resale prices have fluctuated dramatically depending on whether a championship-clinching game could take place in New York.

Heading into the week, the least expensive tickets for a potential Game 6 at Madison Square Garden were listed for more than $9,000.

Many of the biggest beneficiaries may be local small businesses.

Restaurants, bars, hotels, and retailers surrounding Madison Square Garden have reported heavy traffic throughout the playoff run.

Business owners describe the surge as a major boost after years of challenges following the pandemic.

Andrew Rigie, executive director of the New York City Hospitality Alliance, said local restaurants and bars “are just doing amazing.”

Mitch Modell, former chief executive of Modell’s Sporting Goods, was even more direct.

“Never have we seen the city like this, ever,” he said.

Economists caution that championship-related economic studies often overstate their impact.

Many argue that some of the money spent on playoff games would otherwise have been spent on other forms of entertainment within the city.

Others note that large sporting events can sometimes discourage regular tourists from visiting crowded destinations.

As a result, the actual net economic benefit may be smaller than headline estimates suggest.

Still, the excitement surrounding the Knicks’ run is undeniable.

The crowds are real.

The spending is real.

And for a city that has waited nearly three decades to see its basketball team return to the NBA Finals, the packed restaurants, sold-out bars, and booming ticket sales have become their own form of scoreboard.

One more victory, and both the celebration and the economic activity are likely to grow even louder.

JBizNews Desk — New York

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Low- and moderate-income Americans are being priced out of both renting and owning as housing costs outpace wages, insurance premiums soar and aging housing stock strains supply.

That’s according to Michael T. Pugh, CEO of the Local Initiatives Support Corp. (LISC), who spoke with HousingWire about the nonprofit’s new State of Affordable Housing report and why closing a 7 million-unit gap will require tighter public-private collaboration, including with investors.

Editor’s note: This conversation has been edited for length and clarity.

Sarah Wolak: Out of all the pressures facing affordable housing today, what do you think is the most immediate threat to preserving stock?

Michael Pugh: One is simply the rising cost associated with housing. What we know today is that some of the data is telling us that the average age of individuals who can afford to buy their first home is now over 40 years old. That’s a significant indicator and a reflection of a paradigm shift that has happened in our nation related to affordability.

We have the rising cost of creating new housing inventory and the rising costs associated with preservation. That’s largely tied to things like insurance costs, utility and energy costs, and the overall ability to build, create or preserve housing when supplies are simply costing so much.

I would put it simply: American residents today are struggling to pursue the dream of homeownership, and that is largely tied to the fact that the cost of ownership is becoming so burdensome.

We also know that a significant portion of American residents are cost-burdened, with more than 40% of their income going toward housing. Once you’ve paid your rent or mortgage, how do you then address other expensive necessities like child care, health care and transportation? Those are all issues that are impacting families today.

Wolak: When you think about the wealth gap, the growing age gap among homebuyers and declining purchasing power among younger Americans, what concerns you most?

Pugh: What troubles me most is that the issue isn’t getting better, and there haven’t really been meaningful solutions put on the table to address it. We’ve seen data suggesting there’s a housing shortage of as many as 7 million units across the nation. We also have an aging housing infrastructure, with more than 40% of our current inventory being 40 years old or older.

Our report found that 69% of Americans are very concerned about housing costs. When you consider that the income needed to afford a median-priced home has nearly doubled from about $68,000 in 2020 to roughly $130,000 in 2025, that’s a significant challenge.

What has worked in the past is that we have been able to, as a nation, bring public and private dollars together to create incentives, tax credits or other meaningful ways that allow American residents to get into homes and pursue their dream of homeownership.

I think we’ve seen in the past that the path to closing some of the wealth gap and achieving a meaningful outcome for families is through the equity in their overall homeownership. And what we’re experiencing now is leveled or fewer dollars that are made available at the public contribution side … coupled with the problem being exacerbated because the cost of living is just outpacing the overall income and affordability.

Wolak: You bring up the shortage of more than 7 million affordable housing units. Do you think meaningful progress is being made, or is the shortage continuing to grow?

Pugh: I think the shortage is continuing to grow. There have been meaningful efforts; it’s worth noting that we’ve seen federal support through the New Markets Tax Credit and the Low-Income Housing Tax Credit (LIHTC). These are important federal subsidies that allow for the creation and preservation of communities across our country in terms of helping to address quality affordable housing.

But we have an issue that’s bigger than the federal subsidies that have been provided. There is a need to galvanize support from the investor community and encourage investors to help preserve affordable housing stock. Some data suggests that by 2030, as much as 50% of the housing inventory could be owned by investors.

When you think about markets or areas like the Midwest, there are neighborhoods and communities that are largely owned by investors, and once an investor then develops somewhat of a significant scale, they have the opportunity [to] flip into market grade within certain communities. They can seismically change the affordability at local levels within communities, and so I think there’s continued opportunity to work between the public and private sectors with the investor community on that.

One piece of legislation LISC strongly supported is the Neighborhood Homes Investment Act (NHIA). It was designed to help bridge the gap between investors and affordable housing as another solution to address this issue.

We’re also calling on the private sector to think about the concentric circle related to or tied to workforce development and workforce housing. As we continue to try and tackle this issue, I think companies will want to look at proximity of their locations — whether it’s factories or headquarters — and think about the housing inventory and stock in those areas.

They should consider investing in the skill set of those communities to build workforces internally that ultimately will be able to create, be able to preserve and participate in homeownership, so that they are working and living in the neighborhoods and driving economic development within those communities.

Wolak: With housing being a bipartisan issue, what policy changes do you think would have the biggest impact on affordability over the next several years?

Pugh: One positive development is that we’ve seen greater permanence for the New Markets Tax Credit and additional support for the Low-Income Housing Tax Credit. That sends a signal that policymakers understand this is a real issue.

But as we continue thinking about affordability, we also have to focus on energy costs and insurance costs. We need to ask whether we can bring industry leaders together to address these issues. Energy costs, environmental sustainability and insurance expenses are all connected. Some areas are deemed higher risk because of severe weather, which drives insurance costs higher. It’s about weatherization, resilience and protection.

The solution isn’t simply giving everyone a free home. We know that’s not realistic. The question is, how do we close the affordability gap and bring industry leaders together as part of the solution? That’s an area where federal leadership could play a meaningful role.

Wolak: You’ve worked in community development for many years. Is today’s environment the most challenging you’ve seen, or is it simply a different set of obstacles?

Pugh: Within the Community Development Financial Institutions (CDFI) sector, there have been many different challenges over the years. During the pandemic, CDFIs like LISC were truly financial first responders. We focused on helping small businesses that were on the brink of failure because we understand that small businesses account for more than 40% of the nation’s GDP.

We’ve also worked on issues tied to health and social determinants, making sure communities weren’t left behind simply because of their ZIP code — whether they were rural, suburban or urban. What we’ve understood within the CDFI sector is that our goal is to address broader systemic issues that improve the nation’s economy. It’s not focused on any one group of people or any one neighborhood.

We’re trained to understand the broader issues and create scalable solutions that address them. In LISC’s case, because of our size and scale, we work across the entire country, with a particular focus on rural communities, where we often see shortages of healthy food options, health care access and quality affordable housing.

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New York City has officially launched its “neighborhood passport” for the World Cup, encouraging residents and visitors to explore immigrant communities across the five boroughs. Released last week, the NYC Neighborhood Passport invites participants to check out diverse neighborhoods, cultural institutions, small businesses, and soccer-related events, while collecting stamps designed by local artists, with each stamp reflecting the artist’s cultural identity and roots. The free passports are now available at all public library branches.

Announced in May, the initiative is meant to incentivize New Yorkers and visitors alike to make the most of the city during the World Cup, which takes place at New Jersey’s MetLife Stadium from Saturday through the final on July 19, as 6sqft previously reported.

Developed by Team Wonder in partnership with NYC, it is part of a broader legislative package introduced in April to support local businesses during the six-week tournament. One bill included the creation of a “cultural passport program” to encourage exploration of local businesses and institutions.

The NYC Neighborhood Passport booklets are available at every library across the city and at select events. Participants can collect 12 unique stamps from different organizations and institutions, and during certain events and parties. The stamps will be randomly distributed to encourage visitors to explore more in order to collect them all.

Featured events in the passport include dance performances, film screenings, art exhibits, book talks, block parties, watch events, and much more.

Locations were selected to highlight immigrant communities, such as Little Senegal in Harlem, Little Colombia and Little India in Queens, and Little Guyana in the Bronx, among others.

Participating institutions include the American Museum of Natural History, El Museo del Barrio, the New York Hall of Science, the Museum of the City of New York, the Queens Museum, and more. A full list of participating locations can be found here.

“NYC was built by immigrants and the NYC Neighborhood Passport is a celebration of the communities that continue to shape the heart and soul of our city,” Faiza Ali, commissioner of the Mayor’s Office of Immigrant Affairs, said.

“As the World Cup brings people from around the globe to New York, this initiative encourages everyone to explore our immigrant neighborhoods, support local businesses, and experience the languages, cultures and traditions that make New York City unlike anywhere else in the world,” she added.

Team Wonder and the Mamdani administration have also launched “Already Home,” a nationwide storytelling project exploring what the World Cup means to communities across the United States. Participants can submit video or audio recordings, which will join a national collection spanning cities including Chicago, Philadelphia, Boston, Seattle, and Albuquerque.

NYC Tourism + Conventions has also released a calendar to help users view World Cup happenings across the five boroughs. Businesses and organizations can submit events and promotions for consideration free of charge.

The city has also announced a $26 dining special at participating restaurants and bars throughout the tournament. Nearly 600 businesses have signed up for the “Five Boroughs Winners Special,” which will feature fixed $26 food and drink offerings.

“The World Cup’s most meaningful moments won’t only happen inside a stadium,” Betsy MacLean, partner at Team Wonder, said. “They’ll happen in neighborhoods, community centers, libraries, parks, and cultural institutions where people come together to share stories, traditions, and experiences.”

“The NYC Neighborhood Passport is an invitation to discover those places and celebrate the communities that make New York extraordinary,” she added.

RELATED:

The post NYC launches ‘neighborhood passport’ for World Cup, highlighting immigrant communities first appeared on 6sqft.

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US President Donald Trump claimed that Iran leaked false information regarding the potential terms of a Washington-Tehran deal and stated that “there is no such thing as dealing in good faith” with Iranian leadership in a post on Truth Social on Friday.

“The terms that Iran leaked out to the Fake News have nothing to do with the terms that were agreed to, in writing,” Trump asserted. “Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith.”

He also stated that Iran’s Thursday night drone attack on ships in the Strait of Hormuz was “totally unacceptable” and encouraged Iranian leadership to “get their act together.”

US President Donald Trump posts on Truth Social on June 12, 2026. (credit: SCREENSHOT/TRUTH SOCIAL)

According to Reuters, a senior Trump administration official stated that under the emerging deal, Iran’s nuclear program would be dismantled, all nuclear materials would be destroyed and removed, and Iran would not be able to continue funding terrorist proxies in the region.

The official added that the deal would be “performance-based” and none of Tehran’s frozen assets would be released until Iran fulfills its part in the agreement.

Iranian state media claims deal would unfreeze assets, end fighting in Lebanon

Earlier on Friday, Iranian state media site Mehr claimed that a full ceasefire deal between the United States and Iran will include an end to fighting in Lebanon, as well as the initial unfreezing of 12 billion dollars in funds for Iran.

US-based media outlet Bloomberg also reported that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week, according to senior officials. 

A draft of the deal is still waiting for Iranian officials’ approval, Mehr reported, and the final agreement will be approved by the United Nations Security Council.

As part of the deal, the US would allegedly remove sanctions on Iranian oil and petrochemical products, allowing Iran full access to its frozen assets. Mehr reported that the total amount of funds is 24 billion dollars, with half of that amount being released to Iran before further talks may begin.

Among other concessions claimed to be part of the deal, the US would agree to not intervene in internal Iranian affairs and remove its forces from areas near Iran.

Mehr also claimed that the blockade of the Strait of Hormuz would be lifted and that the strait would be fully reopened within 30 days of the deal’s signing.

When it comes to the issue of Iran’s nuclear ambitions, the deal only specifies that there will be a 60-day negotiation period to establish a final nuclear agreement.

Iran’s ballistic missile program, as well as its support for proxy groups across the Middle East such as Hezbollah, will not be included in the negotiations, according to Mehr.

Trump cancels Iran strikes, announces deal

On Thursday night, US President Donald Trump announced that he had canceled scheduled strikes and bombings against Iran, after a deal with Iran had been agreed upon.

The deal, also known as a memorandum of understanding (MOU), was approved “both in concept and great detail” by all involved parties, including the US, Israel, Saudi Arabia, the United Arab Emirates, Qatar, and multiple other Middle Eastern countries, Trump wrote.

No date was given for the signing, but Trump said it could happen over the weekend in Europe, with US Vice President JD Vance set to attend.

Danya Saperstein, Amichai Stein, and Reuters contributed to this report.

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A peace deal between the US and Iran has been reached, and Pakistan is now working with both sides to finalize the next steps, Pakistani Prime Minister Shehbaz Sharif announced in a post on X/Twitter on Friday. 

The prime minister claimed that an “incessant misinformation campaign” attempted to sabotage the peace deal between the two countries. 

With intense mediation efforts by Pakistan, however, “Peace has never been this close as it is now,” he said.

Defense Minister Israel Katz had said in a post on X/Twitter earlier on Friday that Israel had expectations for US President Donald Trump to prevent Iran from obtaining nuclear weapons. 

“We expect him [Trump] to uphold this principle and other principles in the field of missiles and terrorist proxies,” said Katz, who argued that the US president is moving towards making an agreement that has both American and Israeli interests in mind. 

Katz claimed that together with the US, Israel has “dealt Iran severe blows that have set back its capabilities for many years.” 

He also stated that Israel will not withdraw from the security zones in Lebanon, Syria, and Gaza, citing that continual defense of borders and citizens is a “central lesson from the events of October 7.”

Memorandum has ‘never been closer’

Iranian Foreign Minister Abbas Araghchi claimed that the Islamabad Memorandum of Understanding between the US and Iran “has never been closer.”

“The Islamabad Memorandum of Understanding has never been closer,” he wrote in a post on X/Twitter on Friday. “Pending its finalization, the media should refrain from entering speculation about its content.”

Araghchi said that speculation about the memorandum’s details should be avoided, adding that they will be shared with the public “in due course.”

US President Donald Trump later reposted Araghchi’s post.

US Vice President JD Vance said in a post on X/Twitter later on Friday that there is a lot of “fake information” surrounding the memorandum. He clarified that no funds are being given to Iran for “simply signing a deal or attending a meeting.”

“The deal is structured to ensure that the US and its allies’ concerns are prioritized, and that if the Islamic Republic of Iran meets its obligations, then economic benefits will flow to them and to the entire region,” he said.

He also referenced two “bizarre” things that have been reported recently: “First, people who (rightly) said Donald Trump was a historic president a month ago now criticizing a deal based on unconfirmed media reports. Second, people who say you can’t trust a word said by the IRGC, who apparently believe anonymously sourced social media posts.”

“The president is going to get us a good outcome, one way or the other,” he concluded. 

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The IDF announced on Friday that it has recently killed more than 10 of Hezbollah’s field commanders and their successors during its operations in southern Lebanon.

Among the terrorists 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.

The IDF additionally killed the commander of Hezbollah’s Shaqif Sector, Nasser Shaqir, and his successor, Ahmad Sablini, within twelve hours of each other.

This is a developing story.

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The IDF killed two Palestinian Islamic Jihad platoon commanders and a Hamas deputy company commander in precision strikes in the Gaza Strip on Thursday, the military announced on Friday. 

The two commanders from the Palestinian Islamic Jihad terror organization were identified as Qasslam Hassan Saleh and Sami Jamil Abu Dalal, while the Hamas commander was identified as Ubay Mamoun Saleh Farwana. 

The terrorists, according to the military, had been planning to execute imminent attacks on IDF troops. 

IDF strikes, destroys Hamas weapons storage facilities

Earlier on Friday, the IDF announced that it had struck and destroyed three Hamas weapons storage facilities in the central Gaza Strip overnight. 

The facilities contained launchers, mortar shells, RPGs, explosive devices, firearms, and additional military equipment, according to the IDF. 

The weapons, said the IDF, were intended to be used against Israeli troops operating in the area surrounding Gaza’s Yellow Line, as well as against Israel. 

The IDF emphasized that measures, including aerial surveillance and the use of precise munitions, were taken before the strikes to reduce the risk of harm to civilians in the area.

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Several anti-government demonstrators were barred from joining the Tel Aviv Pride Parade on Friday, videos posted on social media showed.

N12 News reported that the demonstrators had arrived with protest shirts and anti-government signs. Those wearing clothing with messages advocating against National Security Minister Itamar Ben-Gvir were asked by police to go outside 

A video from the parade shows a woman wearing a pride-themed shirt reading FCK BNGVR and arguing with police officers.

“What, because of the shirt?” the cameraman is heard saying, to which an officer responded, “Yes, you already knew in advance and brought a camera.”

When the demonstrators continued to argue, the police officer told them, “You’re allowed to say whatever you want, but not in this area.”

Protester barred from Pride Parade even after removing anti-government shirt

The cameraman accused the officers of acting like cowards, while the woman wearing the shirt attempted to take it off and put it in her bag in order to be allowed into the parade.

A second video showed the woman still not being permitted to enter the area of the parade, even without the shirt.

Pride parade a symbol of democracy

“Even at the Pride Parade, you can’t walk around in a bathing suit,” the woman said, adding, “Amazing, democracy.”

Another participant claimed that police prevented her partner from entering because he was wearing a shirt with the slogan “You are the head – you are to blame.”

“This is a democratic country, and I can enter the protest area with signs and T-shirts,” one protester claimed, calling the police’s actions “illegal.” 

Deputy Mayor of Tel Aviv Chen Arieli had praised the parade as a “civic statement for a strong democracy in Israel” during a time when there are people attempting to “weaken democracy, violate human rights, and repeatedly label various groups in society as domestic enemies.”

Ahead of the Jerusalem Pride Parade earlier this month, event organizers had warned Police Commissioner Daniel Levy that officers might attempt to confiscate any anti-Ben-Gvir items, citing incidents from last year’s celebrations, according to N12. 

Levy had called the confiscations a mistake, arguing that “police are not supposed to intervene in protest content against any particular minister.”

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As new home sales decline across the country, solving the trade labor shortage has become a lower priority for most production homebuilders.

Most builders recognize that the strength of their production apparatus atrophies the longer it lies dormant, but how many are taking the necessary intermediate steps before they determine how to restore its production capacity?

Many optimistic innovators are developing robotics, advocating for immigration reform, designing methods for offsite construction or building the infrastructure to train the next generation of tradespeople.

These efforts are necessary and noble, but proponents of the Theory of Constraints might note that they represent the fourth step in Eli Goldratt’s Five Focusing Steps: identify, exploit, subordinate, elevate and repeat.

How might Goldratt view the situation if he were alive today?

Reality check at the jobsite level

Even our application of the first step of 5SF would be considered inadequate.

Sure, we’ve identified that labor is constrained, but we haven’t developed a reliable method to quantify our labor market’s capacity. We don’t know what it’s capable of producing at any point in time. This has significant implications for later steps.

Every hour a skilled laborer spends on work other than constrained work permanently reduces the system’s capacity. In 5SF terms, “exploit” means removing all waste from a constraint.

Fragmentation creates process waste through context switching and windshield time. A framer who builds the same familiar plans in a single community tends to perform better than one who constantly shifts between builders. An excavator completing a one-hour task can get more done with a geographically optimized route.

Process and information failures cause dry runs, rework and late changes. Inconsistent cadencing decisions can make it impossible for trades to maintain consistent crews that achieve better first-pass yield.

The purest form of exploitation would be a production machine designed around what trades can actually produce. Builders would need systems that support a shift from trades chasing dates to builders planning around dedicated trade capacity. Trades know how many sheets of drywall their crews can hang in a day.

The paradigm that aligns with optimal production capacity is one in which builders ensure there’s enough house to supply the crews, not enough crews to cover houses.

Understanding a starts pipeline

Subordinating to the constraint, 5SF’s third step, is legitimately difficult to execute. Subordination means releasing only as many starts as the production system can handle. This decision can be made only when division leaders accept the unpleasant reality that cramming more starts into a constrained system will not increase closings.

The system can support only what it can handle, and starting anything beyond that capacity only increases your cycle time, your WIP, and your likelihood of being stuck with excess inventory when the market inevitably winds down again.

It’s impossible to make reasonable starts decisions without first identifying the precise capacity of your production apparatus.

Notwithstanding the incredible pressure divisions face to meet their closing commitments, subordination faces a more practical problem: it shares its labor resources with every other builder in its market.

Even if they’ve already done considerable exploitation work to make their jobs the most attractive place for trade partners to send consistent crews, they’re still subject to being knocked around by builders who are less inclined to subordinate their own starts pace.

Business risk versus competitive risk

At some point, the trades risk losing the business of the builder who practiced less self-restraint in their starts pace and fell way behind on their schedules. That builder may pull crews away from consistent work to get the errant builder caught up.

The continuing trend of builder consolidation amplifies this issue. The largest builders have always unwittingly benefited from smaller builders, who serve as the stalking horse for their own cadence inefficiencies.

With fewer builders in the game, there will be no one left to absorb the impact of inconsistent starts pace. The remaining builders will feel the impact of their decisions in the form of elevated cycle times, as the trade base is forced to build a larger buffer to handle the variance in incoming work.

The shared-resource problem plagues subordination efforts, creating a moral hazard for which no solution has yet emerged. The eventual solution is likely to follow one of two paths: mandated coordination or self-selection.

Mandated coordination might resemble OPEC or the FAA’s airport slot-allocation system. Perhaps HUD or another government entity mandates the creation of a starts-pace cartel to ensure a consistent housing supply. This approach would undoubtedly ruffle feathers.

Self-selection’s upside

The self-selection approach would be fueled by improved data on production capacity from next-generation production systems.

Just as demand-based pricing for lift tickets encourages skiers to self-distribute across dates and helps control capacity on the mountain, scheduling tools built around crew resource allocation data could show builders the cycle-time cost of starting houses in one week versus the next.

Reckoning with data reality vs. intuition

5SF’s fifth step is to repeat the process and prevent inertia from becoming the new constraint.

Currently, the sales pace is the constraint. Our production machine has been kept on life support by BTR and brief bursts of spec-home optimism, but without tools to test its capacity, we’ll have no idea what it can produce when sales return. We’ll likely still believe we’re constrained by sales when we reach the maximum capacity our neglected machine can handle.

Our industry’s approaches to addressing the labor constraint are genuinely unique, creative, and inspiring. But we should bring that spirit of innovation to the intermediate steps we can tackle now.

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Founded by Jack Perry and his two sons, Michael and John Perry, the Utah-based Perry Group, brokered by The Real Brokerage, has grown significantly from the team’s humble beginning. In 2025, the team was made up of 250 licensed real estate professionals with five offices serving clients across much of Utah. In total, the team closed 1,547 transaction sides, totaling $892.80 million in sales volume, earning the enterprise-sized team the No. 8 and No. 5 ranks in the country by sides and volume, respectively, in the 2026 RealTrends Verified The Thousand rankings. 

“They grew the team pretty organically by inviting friends and family to get involved with real estate with them,” Emily Martin, the COO of The Perry Group, said. 

According to Martin, organic growth is still one of the team’s primary sources of expansion, as agents continue to invite their friends and other professionals in the industry to join The Perry Group.

Keys to organic growth success

Martin said one of the reasons the team works so well for so many agents is that they have clear systems agents can easily plug into.

“They can run their business without having to think about the operational side,” Martin said. “We help agents do what they do best, which is connect with people.”

The team provides agents with everything from an in-house marketing team to technology to lead generation services through Zillow’s lead referral programs. 

“Overall, there is a lot of value that our team provides for agents, and we have always focused on making sure we are providing things that are relevant for agents and on the cutting edge of technology and strategy,” she said. 

Culture is key

Beyond the team’s systems and technology, Martin said the team’s collaborative culture also helps their agents thrive. 

“Within The Perry Group, our agents are very willing to share ideas and strategies, what is working and what isn’t and we all work to help agents refine their businesses,” Martin said. “Really, I think the biggest thing for us is just making sure that our agents are happy, productive and see value in the team because if they are, we are going to continue to grow because they are going to invite more people to join.” 

Working to maintain this culture across such a wide agent base, Martin said, is not a simple task, noting that each office within the team has its own unique internal culture. 

“Our three business owners, Michael, Jack and John, are all very involved in the business and interact with our agents regularly, so they are getting that real-time feedback and they know what our agents need and want to see in ways the team could be providing them more value,” Martin said. 

Boo Maddox, the team’s president, added that as the team has grown over the past few years, adding more and more offices, they are actively working to figure out how much autonomy each office should have and how much they want things done “The Perry Group way.” 

“Even though we are a team, we are looking at how we integrate each other into other offices,” Maddox said. “Hopefully if you talk to us in a year this is something we have made some progress on because the team is so different than it was a few years ago.” 

Vision for the future

Looking ahead, Martin said the team is aiming for 2,000 transaction sides in 2026 and they are on track to hit that goal.  

“We have been growing consistently over the past three years. I was on a call a few months back with one of our well-respected coaches, and we were wondering if this was a fluke. He said that this is not happening by accident. We have the systems in place for the growth, and I think Jack Perry has really been a great driver of that growth, pushing his sons and pushing us to find ways to make things work, trust the opportunities and create something that makes people want to raise their hand and join,” Martin said.

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MENLO PARK, Calif. — Meta’s biggest apps stopped working for huge numbers of people on Friday, June 12, as a widespread outage knocked Facebook, Instagram, and Messenger offline and locked users out of their accounts.

The company confirmed the trouble through spokesperson Andy Stone, who posted on X on Friday: “We’re aware people are currently having trouble accessing our services. We’re working on it.”

The scale was significant.

The outage-tracking site Downdetector logged more than 100,000 user reports by 10 a.m. Eastern time as a server-side failure logged people out of Facebook and partly disrupted Instagram.

Reports came in from across the United States, with heavy concentrations in New York City, Chicago, and San Francisco, as well as from Europe, Asia, and the Middle East.

Users described a similar pattern.

They were suddenly logged out and then unable to sign back in.

Feeds went blank.

Error messages appeared reading “unexpected error” or “query error.”

Messenger was among the hardest-hit services, with users appearing offline to friends and messages failing to send.

The disruptions affected both desktop and mobile applications.

For everyday users, an hour without Instagram is an inconvenience.

For businesses, it can mean lost revenue.

That is the part of the story that does not appear in the error messages.

Millions of small businesses rely on Meta’s platforms for customer service, advertising, and online sales.

When those platforms go dark, transactions stop.

On Friday, Meta Ads Manager, the company’s advertising platform, experienced major disruptions. Advertisers were advised to pause campaigns to avoid spending money on ads that users could not properly access.

The financial exposure can be substantial.

Meta generally does not provide automatic credits or refunds when outages occur.

A small business spending hundreds of dollars per day on advertising can lose valuable campaign time with little opportunity to recover those costs.

Restaurants accepting orders through Instagram, retailers selling through Facebook, and content creators who depend on the platforms for income can all feel the impact immediately.

Meta did not immediately identify the cause of the outage.

However, the symptoms point to a familiar type of failure.

When Facebook, Instagram, and Messenger all experience problems simultaneously, the issue is often tied to backend authentication systems that verify user identities across Meta’s network.

If that shared login infrastructure encounters problems, multiple platforms can fail at once even though the broader internet remains fully operational.

That helps explain why users were being logged out and unable to sign back in rather than simply experiencing slow loading times.

Meta has experienced similar outages in previous years linked to authentication and backend service failures.

In many cases, services have been restored gradually over several hours, with some regions returning online before others.

The timing is notable.

Meta continues to invest heavily in artificial intelligence and emerging technologies while relying on Facebook and Instagram as the core drivers of its advertising business.

Those platforms generate the revenue that funds much of the company’s broader strategy.

An outage affecting all major services at once highlights how dependent both users and businesses remain on infrastructure that typically operates unnoticed in the background.

As of Friday afternoon, Meta had not provided a timeline for full restoration of services and had not posted detailed updates regarding recovery efforts.

For users, there is little that can be done when the problem originates on Meta’s systems rather than their own devices.

For businesses relying on constant connectivity, the most expensive part of the outage may simply be the time spent waiting.

JBizNews Desk — Technology

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As a child growing up in gloomy northern England, David Hockney noticed the sharply defined shadows in the Hollywood films of comedy duo Laurel and Hardy.

“Strong shadows meant a lot of sun,” the painter recalled to BBC television in 2009. “So I thought, well, wherever that is, it’s always sunny.”

Two decades later, Hockney moved to Los Angeles to immerse himself in that dazzling light.

The artist, whose brightly colored renditions of California would go on to make him one of the most celebrated artists of the 20th and 21st centuries, died on Thursday, Sky News reported, citing his publicist. He was 88.

No cause of death was given.

‘Here I felt free’

Initially, almost as much as his paintings, Hockney was known for his own image — thick-rimmed spectacles, peroxide hair, shiny gold jacket — which became a symbol of Britain’s Swinging Sixties.

As an art student in the northern English city of Bradford — where he was born to an accountancy clerk father and a devout Methodist mother — Hockney rebelled against convention. He gave titles to his abstract paintings such as “Going to be a Queen for Tonight” and “Doll Boy” at a time when homosexuality was punishable by prison.

To continue his studies, in 1959 he moved to London where he had a meteoric rise in the British pop art movement and rubbed shoulders with stars from dancer Rudolf Nureyev to Mick Jagger.

But Hockney yearned for the excitement he saw in the work of American artists. Using money from the sale of his art, he visited New York for the first time in 1961 — where he became a friend of Andy Warhol — and moved to California three years later.

“I thought people who produced such work must live in color, so I went in search of it,” he is quoted as saying in a biography written by art critic and friend Peter Adam.

“I had spent the first 20 years of my life in the gothic gloom of the North. Here I felt free.”

His pictures of swimming pools and naked men in showers became icons of a sun-drenched lifestyle that he documented with luminous acrylic paint before dividing his time between Los Angeles, London and Paris in the late 1960s and 1970s.

He remained unpretentious despite his success.

“I am actually still a student,” he told Adam. “I just happen to have quite a lot of credit cards in my pocket.”

In 1985, when he was invited to the White House to dine with President Ronald Reagan, Prince Charles and Princess Diana, he was held up for half an hour by security officers because he was the only guest to arrive on foot, his biographer wrote.

‘You don’t retire doing this’

Hockney’s images of love, sex and material wealth led to claims by some art critics that his work was trivial. But he won greater renown than any other British artist of the 20th century.

One of his most famous paintings, “Portrait of an Artist (Pool with Two Figures)” — showing a figure swimming underwater and a man gazing into the pool — sold for $90.3 million in 2018, the most expensive work by a living artist sold at auction at the time.

As he grew older and his life turned more domestic, dogs replaced men in Hockney’s work, at a time when many of his friends were dying of AIDS.

He said he cried for two days when Stanley, one of his beloved dachshunds, died in 2001, having been immortalized in scores of paintings and sketches.

In the late 1990s, Hockney began returning more frequently to visit his mother in the northern English county of Yorkshire, where he had grown up, and a terminally ill friend encouraged him to paint the local landscapes.

Feeling increasingly lonely, he moved from California to the seaside town of Bridlington on England’s North Sea coast. For a decade he painted clumps of bare trees in winter, fields full of ripe crops and tracks stretching towards the gentle rolling hills of the Yorkshire Wolds region.

It was the most productive period of his entire career as he rushed to capture scenes that, he said, changed more dramatically with the seasons than did those of California.

“You don’t retire doing this,” he told the BBC in his broad Yorkshire accent when asked about his unflagging energy. “You just do it until you fall over.”

The former enfant terrible of British art, a cigarette almost always in his hand, never stopped trying new techniques. He used faxes to share his work and then iPads to produce it. His Yorkshire paintings led to a stained-glass window for Westminster Abbey, in central London.

In 2018, Hockney bought a farmhouse in Normandy, in northern France, and turned his eye to the fields and flowers of his garden there. The 90-meter-long “A Year in Normandie” frieze was inspired by the nearly 1,000-year-old Bayeux Tapestry.

Hockney’s work ethic — instilled in him from getting up daily at 6 o’clock to work in hospitals for two years, when he refused to do his military service in the army — barely relented in his later years.

“I tend to think that you should work every day,” he said. “And I do.”

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Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making him the world’s first-ever trillionaire following the IPO.

The rocket and satellite company raised a record $75 billion, valuing the company at about $1.8 trillion, pushing the value of Musk’s stake in SpaceX to an estimated $690 billion. The company is trading on the Nasdaq under the ticker “SPCX” after pricing its IPO on Thursday.

Combined with his holdings in electric vehicle maker Tesla, as well as other investments and assets, Musk’s net worth is now estimated at about $1.1 trillion.

OPENAI SIGNALS POTENTIAL STOCK MARKET DEBUT WHILE WEIGHING PRIVATE-COMPANY ADVANTAGES

Investor demand for SpaceX has been intense. Reuters reported this week that the company attracted more than $250 billion in orders, while Bloomberg News reported Thursday that retail investors alone submitted more than $70 billion in requests for shares.

The company is expected to allocate at least 20% of the offering to retail investors, according to Bloomberg — an unusually large portion for individual investors in a deal of this size.

FEDERAL JURY DELIVERS VERDICT ON MUSK’S LAWSUIT AGAINST OPENAI

The IPO cemented Musk’s status as the world’s richest person, pushing the value of his holdings toward $1 trillion, a milestone no individual has previously reached.

Founded by Musk in 2002, SpaceX has grown into the world’s largest space company and a dominant force in commercial launch services. The company pioneered reusable rocket technology, helping lower launch costs and reshape the economics of the space industry. It has also become a key contractor for NASA and the U.S. government through civil and national security missions.

ANTHROPIC FILES CONFIDENTIALLY FOR IPO

Starlink, SpaceX’s satellite internet business, has emerged as a major growth engine, providing broadband connectivity to consumers, businesses and governments around the world. According to the company’s IPO filing, Starlink generated the majority of SpaceX’s $18.67 billion in revenue last year.

The public debut has long ranked among Wall Street’s most anticipated offerings. SpaceX spent years as one of the world’s most valuable private companies, with investors eager for an opportunity to buy shares in the business.

According to the IPO filing, SpaceX will maintain a dual-class share structure that leaves control firmly in Musk’s hands. Class B shares will carry 10 votes each, while publicly traded Class A shares will carry one vote apiece. Musk is expected to retain roughly 85% of the company’s voting power following the offering.

Some 4,400 current and former SpaceX employees also stand to become millionaires through stock compensation accumulated during their time at the company, according to The New York Times, citing an analysis by investment platform Hill.com.

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If shares trade above their offering price following Friday’s debut, SpaceX’s valuation could climb even higher, potentially pushing Musk’s net worth beyond the trillion-dollar threshold while rewarding thousands of employees and investors who backed the company during its rise.

This is a developing story. Please check back for updates.

FOX Business’ Eric Revell and Reuters contributed to this report.

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A block in Greenwich Village has been co-named in honor of legendary guitarist Jimi Hendrix, paying tribute to the street where he built the historic Electric Lady Studios. After a major snowstorm forced the ceremony in February to be rescheduled, part of West 8th Street was officially co-named “Jimi Hendrix Way” on Wednesday, marking the culmination of a decades-long effort by family members and supporters. The honor recognizes Hendrix’s connection to Electric Lady Studios, which he commissioned in 1968 and opened in 1970, just months before his death at age 27, and which remains one of the most influential recording studios in the world.

Credit: Gerardo Romo / NYC Council Media Unit on Flickr

The co-naming was spearheaded by Council Member Harvey Epstein, Experience Hendrix, L.L.C.—the Hendrix family-owned company led by Jimi Hendrix’s sister, Janie Hendrix—and guitarist and writer Jeff Slate. Other attendees included Eddie Kramer, Hendrix’s engineer and producer; Living Colour guitarist Vernon Reid; and songwriter Valerie Simpson.

Hendrix commissioned Electric Lady Studios so he and his collaborators would not have to pay hourly rates for recording time and could work without time restrictions. However, as is natural in the life of a touring musician, Hendrix spent a lot of time away, requiring the studio to be rented out “so the mortgage could be paid,” Janie Hendrix told the New York Times.

After Hendrix’s untimely death, his estate sold the studio in 1977, according to the Wall Street Journal. It went on to host many of the era’s biggest artists, including Stevie Wonder, who recorded much of his “classic period” albums there, as well as Led Zeppelin and Carly Simon.

In the early 2000s, the studio faced financial difficulties and nearly closed before changing ownership in 2005 and undergoing a major modernization. It has since re-emerged as one of the world’s most sought-after recording studios, used by artists including Taylor Swift and Olivia Rodrigo.

Credit: Gerardo Romo / NYC Council Media Unit on Flickr

According to Janie Hendrix, the effort to co-name the street has been years in the making. She told the Times that her family began working towards recognizing the artist “soon after Jimi passed away.”

She also said that Electric Lady Studios once displayed a petition urging supporters to “Name this street after Jimi,” but it seemed to “go nowhere.” Advocates also tried to get Jimi’s face on a stamp, which was ultimately issued in 2014.

Temporary co-naming signage was installed in 2024, but “political changes” delayed the process of making the designation permanent, according to Noise 11.

“We are proud to honor the legacy of Jimi Hendrix today,” Epstein said. “Our district has long been a hub of culture, the arts, and activism, and Jimi Hendrix embodied all of those ideals. He was not only a groundbreaking musician but also a powerful voice for peace, racial equity, and social justice.”

Epstein added: “He revolutionized music in this neighborhood, and it is only fitting that these streets now carry his name.”

The event also marked the public launch of TeachRock, a new national education partnership founded by Stevie Van Zandt, known as a member of Bruce Springsteen’s E Street Band and his role as Silvio Dante on “The Sopranos.”

Van Zandt recorded the anti-apartheid benefit single “Sun City” at Electric Lady Studios in the 1980s, featuring artists including Springsteen, Bono, Bob Dylan, Bonnie Raitt, Lou Reed, Keith Richards, and Run-DMC, according to the Times.

TeachRock is expanding its library of more than 500 free, standards-aligned lessons that use music and pop culture to teach history, social studies, language arts, and other subjects. The partnership also includes a new multimedia Hendrix curriculum for middle and high school students.

“Jimi Hendrix didn’t just play guitar, he reimagined what art could be,” Van Zandt said. “With TeachRock, we want students to experience that same sense of possibility and discovery that so many of us felt the first time we heard Jimi. His story, lyrics, and sound remind young people that creativity has no limits.”

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Cardano (CRYPTO: ADA) founder Charles Hoskinson announced Friday he is migrating the Cardano community from X to Discord as ADA trades up 14% since last Saturday despite sitting 74% below its 12-month high.

Hoskinson Moving AMAs To Discord While Keeping X For Broadcasts Only

Hoskinson posted Friday that he is working with community member Phillip Pon to build a new Cardano Discord server, framing it as a move toward better-moderated discussions away from X’s noise. 

He will continue broadcasting livestreams to his million X followers but will only take AMA questions from the new Cardano and Midnight Discord servers going forward.

“I will continue broadcasting live streams to X as I have a million followers here, but will only take AMA questions from the new Cardano and current Midnight discords,” Hoskinson posted. 

He …

Full story available on Benzinga.com

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Here’s a word that trips people up: when a company “backstops” a deal, it is not backing out. It is doing the opposite — standing behind it and promising to pay if something goes wrong.

And that is exactly what Google has now done for Anthropic, the maker of the Claude artificial intelligence assistant.

According to people familiar with the financing, in details that came to light Tuesday, June 9, Google agreed to guarantee the lease payments behind a roughly $35 billion deal that gives Anthropic the computer chips it needs to run its AI systems. Google agreed to backstop those payments at five data centers, helping Anthropic obtain what amounts to a $35 billion loan, and Anthropic’s role in these specific data centers had not previously been reported.

Why Anthropic Needs Outside Financing

Running advanced artificial intelligence requires enormous amounts of computing power, and the chips that make it possible cost a fortune.

Buying tens of billions of dollars of hardware outright would strain even the best-funded technology companies.

So Anthropic and its partners structured the deal differently.

A separate company was created to purchase the chips and lease them back to Anthropic, allowing the company to spread the cost over time instead of paying everything upfront. Apollo Global Management and Blackstone arranged approximately $35 billion in debt financing for the transaction, making it one of the largest private-credit deals ever assembled.

The money is being used to acquire Google’s custom-designed AI processors known as Tensor Processing Units, or TPUs. Anthropic then leases those chips, and the lease payments are used to repay the debt.

[AP pic: Rows of servers and processors inside a modern data center used for artificial intelligence computing.]

How Google Became the Safety Net

This is where the story becomes unusual.

Lenders providing $35 billion want protection in case something goes wrong.

Two major companies are providing that protection.

Broadcom, which helps manufacture the chips, guarantees that the processors will retain a minimum resale value, reducing risk for lenders.

Google is providing another layer of security by guaranteeing the lease payments tied to five data-center locations.

In practical terms, if Anthropic were unable to make certain payments, Google’s commitment helps cover the obligation.

That guarantee is a major reason financing on this scale became possible.

Why Would Google Help a Competitor?

At first glance, the arrangement seems strange.

Anthropic’s Claude competes directly with Google’s Gemini AI assistant.

Yet the two companies are connected in several important ways.

Google was one of Anthropic’s earliest investors and has repeatedly increased its stake in the company. Google also supplies the chips that sit at the center of this transaction.

That means Google is simultaneously:

  • An investor in Anthropic
  • A supplier of the hardware
  • A beneficiary of the chip purchases
  • A guarantor behind part of the financing

In short, Google invests in Anthropic, sells it chips, and now helps secure the financing that allows Anthropic to buy even more of those chips.

The Concern About “Circular Deals”

That complexity has raised concerns among some industry observers.

Critics point to what are sometimes called circular financing arrangements, where a small group of technology companies become increasingly dependent on one another.

The concern is that money can appear to move in a loop:

  • Google invests in Anthropic.
  • Anthropic uses financing to buy Google’s chips.
  • Google helps secure the financing.
  • The financing supports further growth at Anthropic.

Supporters argue that such partnerships accelerate innovation and help fund the massive infrastructure required for AI.

Critics worry that the growing web of financial connections could create broader risks if one major player encounters trouble.

Why the Stakes Are So High

The deal comes at a pivotal moment for Anthropic.

The financing surfaced only days after the company reportedly filed confidential paperwork for an initial public offering and completed a $65 billion fundraising round that valued the company at approximately $965 billion.

Anthropic has also committed substantial resources to expanding its computing capacity, including participation in a data-center partnership valued at approximately $50 billion.

The company is spending aggressively to secure the infrastructure needed to compete with rivals including OpenAI, Google, Microsoft, and xAI.

What This Says About the AI Boom

For everyday readers, the story offers a glimpse into how the artificial intelligence boom is actually being financed.

Most headlines focus on new AI models, chatbot features, and flashy product demonstrations.

Behind the scenes, however, the industry increasingly relies on:

  • Multi-billion-dollar debt financings
  • Complex leasing arrangements
  • Massive data-center construction projects
  • Long-term chip supply agreements
  • Financial guarantees from major technology companies

The infrastructure required to power advanced AI is becoming almost as important as the software itself.

The Bottom Line

For now, the arrangement reflects confidence.

Lenders are willing to commit tens of billions of dollars, Google is willing to stand behind part of the financing, and Anthropic gains access to the computing power it needs without paying the full cost upfront.

The larger question is what happens as these relationships grow more intertwined.

The same partnerships helping fuel the AI boom today could also make the industry’s biggest players increasingly dependent on one another tomorrow.

That is the hidden meaning behind the word “backstop.” A safety net works only as long as the company holding it remains strong enough to catch everyone else.

JBizNews Desk — Technology

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Bitwise Head of Research Europe André Dragosch said Friday that Bitcoin (CRYPTO: BTC) faces up to 20% further downside from current levels, with the long-term holder cost basis near $48,000 as his max pain scenario.

Three Support Levels Stack Between $48,000 and $61,000

Dragosch mapped out the structural supports sitting beneath current spot price at BTC Prague Thursday. 

The 200-week moving average sits near $61,000, the realized price near $56,000, and the long-term holder cost basis near $48,000. 

Each level represents a zone where historically buyers have stepped in, with $48,000 being the worst-case floor if all three give way.

Despite the bearish downside scenario, Bitwise’s experimental bottom-cycle probability model began ticking higher last week, even as on-chain indicators remain below the extremes that …

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Billionaire hedge fund CEO and owner Ken Griffin is making good on his promise to “double down” on Miami after publicly feuding with New York City Mayor Zohran Mamdani over New York’s new tax on expensive second homes.

Griffin, who runs hedge fund Citadel, plans to add a 300-unit apartment building and a 1,400+ space parking garage to the site of Citadel’s future headquarters in Miami’s financial district Brickell, recent filings show.

Citadel also acquired every unit in a 22-story condominium tower across the street from the Brickell building with plans to demolish it to expand the Miami campus.

“We are focusing this part of our development at 1201 Brickell solely on commercial office space. Miami is open for business, and the unparalleled quality of our development will drive the tenancy of leading global firms, including Citadel and Citadel Securities,” a Citadel spokesperson told FOX Business.

The Miami push follows a protracted feud between Griffin and Mamdani, stemming from a video Mamdani made specifically targeting Griffin’s Park Avenue penthouse in an explainer for his new city tax on expensive second homes. 

DESANTIS BLASTS NYC’S ‘BALLISTIC PODIATRY’ AFTER ZOHRAN MAMDANI WINS MAYOR’S RACE AND FLORIDA EXPECTS EXODUS

“When I ran for mayor, I said I was going to tax the rich. Well, today we’re taxing the rich… This is an annual fee on luxury properties worth more than $5 million whose owners do not live full-time in the city — like this penthouse, which hedge fund CEO Ken Griffin bought for $238 million,” Mamdani said in his April 15 video while standing in front of Griffin’s penthouse. 

Griffin responded, calling the personal attack “creepy and weird,” worrying that it put him in harm’s way and demonstrated “a profound lack of judgment,” on Mamdani’s part. 

Griffin’s Citadel executives then suggested that a new Citadel office space in Midtown could become a casualty of Mamdani’s not-so-business-friendly policies.

MAMDANI’S CLASH WITH BILLIONAIRE PUTS NYC STREET FOOD VENDORS IN THE CROSSHAIRS

“We are about to commence the redevelopment of 350 Park Avenue, creating 6,000 highly paid construction jobs and supporting the creation of more than 15,000 permanent jobs in Midtown New York,” Citadel COO Gerald Beeson wrote in an April 23 memo to employees. 

“The project – if we move forward – will entail more than $6 billion dollars of spending,” he also wrote.

Mamdani eventually softened his rhetoric, thanking Griffin for his contributions to the city.

Citadel already moved its headquarters from Chicago to Miami in 2022, and the Brickell acquisitions further grow the hedge fund’s South Florida footprint.

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FOX Business contacted Mayor Mamdani’s office for additional comment. 

FOX Business’ Madison Alworth and Matthew Kazin contributed to this report. 

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China’s factory-gate prices rose at their fastest pace in nearly four years in May, climbing 3.9% from a year earlier, according to data released Wednesday by the National Bureau of Statistics of China. The increase in the Producer Price Index (PPI) was the strongest since July 2022, exceeded economists’ expectations of 3.8%, and accelerated from 2.8% in April.

The report highlights a growing divide inside the world’s second-largest economy: factory costs are rising rapidly while consumer inflation remains subdued.

The Producer Price Index measures prices businesses receive for goods before they reach consumers, including raw materials, industrial products, machinery, and fuel. The Consumer Price Index, by contrast, measures what shoppers pay in stores. In May, factory inflation accelerated sharply while consumer inflation remained modest.

Two major forces appear to be driving the increase.

The first is energy and commodity costs. Rising oil and petrochemical prices have increased costs throughout China’s manufacturing sector. China remains one of the world’s largest energy importers, making its factories particularly sensitive to changes in global commodity markets. Higher transportation, fuel, and materials costs have filtered through industrial supply chains.

The second driver is the global boom in artificial intelligence and electrification. Dong Lijuan, Chief Statistician at the National Bureau of Statistics, said the expansion of AI infrastructure, electrification projects, and computing demand helped lift prices in sectors tied to metals, machinery, and technology hardware.

According to the bureau, non-ferrous metal mining prices rose 36.5% year-over-year, while non-ferrous metal smelting and processing prices increased 24%. Demand for copper, aluminum, rare-earth materials, electrical equipment, and data-center infrastructure has surged as countries and companies race to build AI capacity and expand electric-power systems.

In simple terms, the world’s push toward AI, cloud computing, electric vehicles, and upgraded energy infrastructure is consuming enormous quantities of industrial materials, pushing prices higher.

Consumer inflation told a different story.

China’s Consumer Price Index rose 1.2% from a year earlier in May, below economists’ expectations of 1.3%, while prices slipped 0.1% from April. Core inflation, which excludes food and energy, eased to 1.1%.

Food prices remained weak, falling 1.7% year-over-year, reflecting continued softness in household spending and consumer demand.

One notable exception was energy. Consumer gasoline prices climbed sharply from a year earlier, reflecting higher global crude-oil prices and rising transportation costs.

The gap between factory inflation and consumer inflation is important because it suggests many manufacturers are struggling to pass rising costs on to customers. Businesses are paying more for raw materials and energy, but consumers remain cautious, limiting companies’ ability to raise prices.

That squeeze can pressure profit margins across manufacturing industries.

The implications extend far beyond China.

As the world’s largest manufacturing hub, China produces a significant share of global electronics, machinery, appliances, industrial components, and consumer goods. Rising production costs inside China can eventually ripple through international supply chains and affect prices paid by businesses and consumers around the world.

For much of the past several years, China experienced factory-gate deflation, meaning producer prices were falling. That trend helped keep global goods inflation under control. The recent turnaround suggests that dynamic may be changing.

The May report also reflects broader policy shifts in Beijing. Chinese authorities have been working to reduce excess industrial capacity and discourage aggressive price competition in certain sectors, measures that can contribute to firmer pricing across manufacturing industries.

There are reasons for caution, however.

Many of the strongest gains were concentrated in commodity-related industries such as energy and metals, which can be volatile. If commodity prices retreat, producer inflation could cool quickly. On a monthly basis, producer prices rose more slowly than they did in April, suggesting some moderation may already be underway.

At the same time, weak consumer demand remains one of the biggest challenges facing China’s economy. Without stronger household spending, manufacturers may continue facing pressure despite rising factory output prices.

For now, the picture is one of two very different economies operating side by side: an industrial sector facing rapidly rising input costs driven by energy, metals, and AI-related demand, and a consumer sector that remains far more cautious.

Whether those rising factory costs eventually flow through to shoppers in China and around the world may become one of the most important inflation questions for the global economy in the months ahead.

JBizNews Desk — Asia

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Jerusalem is absolutely bursting with summer camp options for kids, tweens, and teens. But with so many incredible choices, how do you track down the perfect match for your child? 

Whether you are a local family or a tourist visiting the capital for the summer, keep these insider tips in mind to ensure your kids have the best time!

• Language: Jerusalem camps come in all flavors – bilingual, trilingual, or purely English-speaking. If you are a recent oleh or a tourist, you can choose to fully immerse your kids in a Hebrew-only environment, or stick to a familiar comfort zone where both counselors and campers speak English. 

• Type of Camp: The camp scene here is incredibly diverse, and there is something for everyone. Whether your kid loves art, sports, technology, music, drama, nature, photography, or baking, you can find a dedicated specialty camp to match their passion. First step: decide whether a dynamic day camp or an adventurous sleepaway experience is the right move for your child. 

BONUS TIP – The summer is the perfect time for your kids to test their wings and taste true independence in a safe, secure environment. Over the past few years, we’ve seen a wave of North American-style sleepaway camps land right here in Israel. We’re talking zero cell phones, real-world friendships, and enriching, high-energy activities that naturally skyrocket self-confidence, build independence, and forge lifelong skills. 

• Transportation: Spending the summer in Jerusalem without a car? Just make sure to check which programs offer dedicated transportation, or pick a camp that is an easy walking distance from where you are staying. 

• Learning new skills: Summer break is the ultimate opportunity for kids to master awesome new life skills in a totally laid-back, low-pressure environment. 

• Hours: Every camp runs on its own clock. Keep an eye out for extended afternoon hours; many camps offer this add-on, and it is an absolute lifesaver for working parents trying to manage their work-life balance over the summer! 

BONUS TIP – If your kids are teens, be sure to check that their camp offers fun, teen-friendly hours that fit their relaxed summer schedule.

• Camps by age: Although locking down a camp for school-age kids is usually a breeze, finding the right fit for toddlers or picky teens can feel like a mission. Luckily, Jerusalem and its surrounding areas have fantastic, dedicated options for all ages.

• Values: Every camp is built on its own unique DNA of core values that they aim to instill in campers all summer. Think about what matters most to your family, and choose a camp that matches your vision – whether that’s leadership, a deep love for the Land of Israel and the Jewish people, Zionism, pluralism, tolerance, or a pure focus on creating lifelong friendships. 

Games. (credit: The Learning Works)

• Finally, decide on the social landscape: do you want a mega-camp packed with endless social tracks and programming options, or a smaller, close-knit group where every camper gets personalized attention? 

Here are some of our absolute favorites!

Baking

Teen Baking Academy: Summer at Jerusalem Cake Design 

Teen Baking Academy, hosted by Tammy Y, owner of Jerusalem Cake Design, is a popular camp that transforms next-generation bakers (grades 7-11, ages 12-17) into kitchen pros right from her boutique studio in Baka.

Photography. (credit: Nili Auerbach)

Each week features a fresh lineup of structured units in which teens learn, taste, and play with professional techniques. From mastering quick, simple bakes to tackling complex, show-stopping cake designs, campers will dive into hands-on projects, level up their culinary skills, and bring home an array of delicious, picture-perfect treats!

When: Is It Cake Week 1, June 21-25; Is It Cake Week 2, June 28-30. Week 1, July 1 and 3; Week 2, July 5-9; Week 3, July 12-16; Week 4, July 19-24; Week 5, July 26-30; Week 6, August 2-6

Price: Is it Cake week, NIS 1,700; Mini-Is it Cake week, NIS 1,100; 5-day weeks, NIS 1,350; 2-day workshops, NIS 650

Details: cakes@funinjerusalem.com 

Drama

JELLY Theater

Horse riding. (credit: King David Stables)

JELLY (the Jerusalem English Language Library for Youth) is bringing the ultimate immersive theater workshop back to Baka for teens who have the acting bug or just love to create. Tailored for kids aged 11 to 15, this high-energy camp builds a joyous “theater family” while taking young actors on a deep dive into the world of the performing arts. 

Campers won’t just experience the absolute thrill of being on stage and developing sharp acting skills; they’ll also master the behind-the-scenes crafts that bring a show to life – including set design and costume creation.

Best of all, JELLY runs this unforgettable workshop completely at cost, and your registration comes with 10 free tickets to the grand finale play.

When: July 27-August 13, 9:30 a.m.-2 p.m.

Price: NIS 2,300 + NIS 100 non-refundable deposit

Details: jelly@funinjerusalem.com

Games & tech

Jerusalem HackerCamp 

The Jerusalem HackerCamp, run by LearningWorks, is a bilingual (Hebrew and English) thinking paradise. While many people simply call it “the robotics camp,” that barely scratches the surface of what goes on. This is an epic fusion of cutting-edge technology, design, and hands-on engineering where campers are challenged to break boundaries, think critically, and innovate collaboratively. 

Ariel, Shaiel, and their expert team pack the summer with an insane lineup of activities: stargazing astronomy nights, (optional) morning bike rides, radio fox-hunts in Gan Sacher, awesome field trips when available, board game nights, LEGO City Week, sleepovers – and more. If your child is ready to become an independent thinker and dive into the ultimate maker experience, this is their galaxy.

When: July 5-August 20, Sun.-Thurs., 9:30 a.m.-3 p.m. 

Price: NIS 2,000-NIS 7,200 (depending on weeks)

Details: lw@funinjerusalem.com 

Music

Lenagen Bekef

Located in the heart of Jerusalem, Lenagen Bekef Music School is turning up the volume this summer with high-energy programs designed for children and teenagers of all levels. 

Already play an instrument? Dive straight into “Bands in the Summer,” where you’ll join a band, record your tracks professionally, and perform live – all in just two weeks. 

Absolute beginner? No problem – Lenagen Bekef’s “Crash Course in Guitar” will give you a fast-paced, practical start, and get you playing the songs you love. It’s a great way to swap phone scrolling for soul-feeding music, build self-confidence, make new friends, and do something meaningful with your summer break.

When: Every two weeks, throughout July and August 

Price: NIS 2,400 per program

Details: lenagen@funinjerusalem.com

Shir Music 

Shir Piano Camp helps girls ages 8-17 make months of musical progress in just one exciting week. Through daily immersion in music and personalized coaching in an exclusive group of only four campers, students build confidence, fluency, strong sight-reading skills, and a genuine love of playing. 

Beyond traditional piano lessons, campers learn practical skills such as playing chords, accompanying songs, and performing customized repertoire, from popular favorites to Jewish songs. Beginners can learn to play confidently with both hands, while more experienced students often advance an entire level in one week. 

Instead of losing momentum over the summer, campers leave inspired, accomplished, and excited about their growth. Led by Naomi Markovic, with 17 years of piano teaching experience and over 10 years of camp leadership, Shir Piano Camp is the perfect blend of serious musical progress and summer fun.

When: Sun. to Thurs., 8:45 a.m.-1:15 p.m. Sessions run weekly throughout July and August (with a shortened 3-day option during session 2).

Price: Weekly 4-day sessions: NIS 1,295; session 2 (3-day option): NIS 1,015

Details: shirpiano@funinjerusalem.com

Nature

King David Horseback Riding Camp 

Nestled in the breathtaking scenery of Moshav Yad Hashmona in the Jerusalem Hills, King David Stables is a certified slice of horse heaven waiting for your kids. This isn’t just a camp; it’s an unforgettable, educational equestrian experience run by the legendary Lipschitz family, who have been bringing their signature warm, welcoming atmosphere to the stables for nearly 40 years.

Led by elite bilingual instructors, campers will form a genuine bond with the horses and skyrocket their self-confidence while mastering horseback riding across beautiful mountain trails. The excitement doesn’t stop in the saddle, either; kids will dive into a thrilling lineup of archery, lassoing, horse care, polo, paintball, and classic cowboy games. 

All activities are run in small, attentive groups with plenty of on-site shade. Convenient transportation is provided directly from Jerusalem and Mevaseret.

When: July 6-August 28 (2-week sessions). Sun.-Thurs., 9 a.m.-1:30 p.m. 

Price: Contact Anthony or Arik for pricing

Details: kdstables@funinjerusalem.com 

Photography

Traveling Teen Photography Camp

This is a summer photography experience for teens who want to level up how they see the world. Each day, the group will head to a different corner of Jerusalem – buzzing markets, hidden courtyards, ancient alleys, quiet pockets of green – and turn it into their playground for shooting. 

Led by veteran photographer and educator Nili Auerbach, teens learn how to use light, composition, color, and framing to create strong, intentional images – not just snapshots. Whether they’re working with a digital camera or a smartphone, the focus is the same: train the eye, build confidence, and start thinking like a photographer. 

By the end of each session, teens will develop a full digital portfolio of work. It’s hands-on, fast-moving, and creative – with space for different levels and styles. Bilingual groups (English and Hebrew). Open to local and visiting teens.

When: Session 1, July 5-9; session 2, July 12-16; session 3, July 19-24, Sun.-Thurs., 10 a.m.-2 p.m.

* No camp on Tisha B’Av; instead on Friday, July 24

Price: NIS 1,298 per person, per session, including VAT

Details: photos@funinjerusalem.com

Sleepaway

Camp Dror 

Camp Dror is a premier Orthodox Jewish sleepaway camp that brings together hundreds of boys and girls, entering 5-10 grades, from Israel and all over the globe for an unforgettable summer that blends high-energy fun, passionate Zionism, and inspiring Torah learning. 

Operating on separate, top-tier campuses for boys and girls, the camp boasts fully furnished, air-conditioned rooms, premium sports fields, and a spacious mehadrin kosher dining hall. The action never stops with an epic lineup of activities, including mountain hiking, kayaking, swimming, competitive sports, creative arts and crafts, and impactful hesed community projects. 

Campers are guaranteed to build lifelong friendships and next-level independence. There are a final few places for the boys’ camp. You can join a waiting list for the girls’ camp. 

This year, they’re also offering Dror b’Ktana for boys entering grade 4, to get a taste of what camp is like, but b’Ktana – just four nights – is a full program, including a trip! 

When: Camp Dror, July 9-30; Dror b’Ktana, July 26-30

Price: Regular registration: NIS 9,250. Sibling discount: NIS 8,900. Dror b’Ktana NIS 1,800 

Details: campdror@funinjerusalem.com

Caliber 3 Summer Boot Camp 

Tailored for Jewish teen boys aged 14 to 18 from all backgrounds, Caliber 3’s Summer Boot Camp is a life-changing blend of elite IDF-style training, core Torah values, and unforgettable Israeli adventure. It is the perfect opportunity to reboot a boy’s mindset, recharge his physical strength, and deeply reconnect to his heritage right in the heart of Israel. 

Under the expert leadership of Col. Sharon Gat, campers train alongside real Caliber 3 combat instructors and experienced counselors. They will tackle a thrilling, action-packed lineup featuring Krav Maga, tactical drills, field navigation, survival skills, first aid, epic hikes, daily minyan, and special Shabbat programming – all within a safe, fully supervised Modern Orthodox environment. 

With instruction in English and three delicious kosher meals provided daily, this is way more than a camp – it’s a summer of total growth. Registration is officially closed, but a few last-minute spots have just opened up, so act fast to secure your child’s spot.

When: June 30-July 28 

Price: $7,000 (excluding airfare).

Details: caliber@funinjerusalem.com 

Sports

All Star Israel 

All Star Israel is a warm, high-energy American-style camp, where kids have an unbelievably fun-filled, friend-filled summer, learning new skills, building self-confidence, forming deep friendships, and developing a real sense of teamwork and unity.

Girls and boys entering kindergarten through Grade 10 enjoy tons of exciting activities: sports, swimming, games, Slip’n’Slide, electives, creative crafts, and special events like Color War and the world-famous All Star Israel “Bean Day”! Campers entering Grades 9-10 join the CIT program, gaining hands-on counselor and leadership experience, responsibility, and real-world skills while enjoying the fun and spirit of camp. 

All Star Israel has three great campuses: Jerusalem, Hashmonaim, and the new Gush Etzion “Re’im” branch. Transportation is available from many areas, including Tzur Hadassah, Ma’aleh Adumim, Beit Shemesh, Modi’in, the Gush Etzion area, and within Jerusalem.

For over two decades, All Star Israel has been giving every child a chance to grow, a place to belong, and a summer to remember – where campers gain confidence, discover new abilities, build friendships, and feel like true All Stars.

When: July 1-August 20; families can register their children for any number or combination of weeks. Short day (8:30 a.m.-1:30 p.m.) and extended day (8:30 a.m.-3:30 p.m.) options. 

Price: Jerusalem and Hashmonaim price per week – for registration by June 15: Short day, NIS 994; extended day NIS 1,192. 3-Week/Family discount: Short day NIS 894, extended day NIS 1,092. After June 15: Short day NIS 1,124, extended day NIS 1,322. 3-Week/Family discount, short day NIS 1,024, extended day NIS 1,222. 

Gush Etzion “Re’im” Branch. Session 1 (3 weeks), NIS 3,150 – for registration by June 14. NIS 3,350 – for registration from June 15. Session 2 (2 weeks), NIS 2,400 – for registration by June 14. NIS 2,600 – for registration from June 15. 

Details: allstar@funinjerusalem.com

Liga Camp

Get ready for an action-packed summer at Liga Camp! Located in Jerusalem’s Baka neighborhood, this popular American-style sports camp combines top-quality athletic training with a warm, religious atmosphere.

Boys and girls enjoy professional instruction from outstanding bilingual (English/Hebrew) counselors across a wide range of activities, including basketball, soccer, football, baseball, volleyball, tennis, hockey, swimming, martial arts, arts and crafts, cooking, and exciting trips. 

Campers choose a specialty track to develop their skills in basketball, soccer, teen/CIT, art, or dance. Liga Camp offers an unforgettable summer experience for every child.

When: Session 1, July 15-21 (grades 7-9). Session 2, July 26-August 13 (pre-kindergarten to grade 7), featuring basketball, soccer, art, and dance programs.

Price: First session, NIS 1,850. Second session, NIS 2,850 for 3 weeks, long day, meals included.

Details: liga@funinjerusalem.com

Tamir Goodman Basketball Camp 

If you are looking for world-class basketball options for committed players, Tamir Goodman’s exclusive camp for boys aged 9 to 16 is an absolute slam dunk. This is a next-level, high-energy experience where your kids will train directly with leading industry professionals, master advanced court skills, and learn from some of Israel’s top coaches – alongside elite special guests, NBA coaches, and a pro player.

The program goes way beyond basic drills, offering individualized strength and conditioning programs to maximize athletic potential, combined with powerful charity opportunities to build character off the court. It is a high-octane, game-changing experience of a lifetime!

When: July 1-15 (including Fridays), 8 a.m.-2 p.m. No camp on July 13 (Tisha B’Av) 

Price: $1,300 

Details: tamir@funinjerusalem.com

Jerusalem International YMCA Summer Camp

The Jerusalem International YMCA has been creating unforgettable summers for children from diverse backgrounds for decades. If you are looking for a unique summer adventure that combines core values, educational and fun programming, and unforgettable multicultural connections, then the YMCA Summer Camp is for you. 

Your children will go on a magical “Time Travel” journey through some of the most fascinating periods in history. This one-of-a-kind trilingual and multicultural experience, offered in English, Hebrew, and Arabic, provides a warm, energetic environment built on friendship, respect, inclusion, and fun.

Designed for adventurous preschoolers through imaginative 11-year-olds, campers will enjoy an enriching and exciting program featuring professional swimming lessons, sports, gymnastics, music, arts and crafts, science activities, games, special events, and much more. At the YMCA, children don’t just spend their summer – they create memories, build friendships across cultures, and become part of a tradition that has inspired generations of young people in Jerusalem.

When: Session 1, July 5-23; session 2, August 2-20, Sun.-Thurs., 8 a.m.-3:30 p.m. (Includes kosher breakfast, lunch, and snack)

Price: Session 1, NIS 3,000; session 2, 

NIS 3,200

Details: camps@ymca.org.il

Friendship Circle of Central Jerusalem, FCGI-Camp Klara 

Run by the Friendship Circle of Central Jerusalem, FCGI-Camp Klara is an extraordinary summer haven dedicated to youth with special needs. The Friendship Circle’s beautiful mission is to deliver unstoppable support, genuine friendship, and true social inclusion for kids and their families. 

At the same time, it gives local teenagers a high-energy, deeply rewarding opportunity for an enriching and meaningful volunteering experience like no other. Summer camp stands as their ultimate flagship program, featuring a spectacular junior camp for young boys and girls alongside their FCBC overnight camp for adult boys. It is a genuinely life-changing experience to be a part of this beautiful, welcoming circle of friendship.

When: Friendship Circle Boys Camp – July 26-August 9; FCGI – July 19-30

Price: Details upon registration 

Volunteer and camper 

registration: 

friendshipcircle@funinjerusalem.com

Now it’s up to you to select your children’s super summer destination…

For a full listing of events in Jerusalem, visit the Fun In Jerusalem Summer Camp Guide: www.funinjerusalem.com/camps. 

Joanna Shebson is the founder of Fun In Jerusalem (www.funinjerusalem.com). She lives in Jerusalem with her husband and three children, and loves to inspire family fun. 

joanna@funinjerusalem.com 

Ronit Ansbacher is the content and sales manager at Fun In Jerusalem. She lives in Efrat with her husband and two children, and loves promoting all the fun stuff going on in and around Jerusalem. 

ronit@funinjerusalem.com 

This post was originally published on here

Gadi Eisenkot was born in Tiberias to parents who immigrated to Israel from Morocco. He grew up in Eilat, attended several schools, and at 18 was drafted into the Golani Brigade. From there, he climbed through the ranks of the Israel Defense Forces, eventually becoming chief of staff in 2015.

Prime Minister Benjamin Netanyahu was born in Tel Aviv and spent his childhood in Jerusalem and in the United States. After graduating high school near Philadelphia, he returned to Israel to serve in the IDF, and then went back to the US, where he studied at MIT, worked in the private sector, and later served in Israel’s diplomatic corps.

Two Israelis. Two very different life stories. Both accomplished and both deserving of respect.

But if someone were asked – without knowing either man – which of the two is likely to speak English more fluently, the answer would be obvious – the person who spent formative years in the United States, the person who earned a degree there, and the person who worked there professionally for years.

That observation is not controversial. It is simple common sense.

This has nothing to do with Eisenkot’s intelligence; obviously, someone does not become chief of staff of the IDF without remarkable capabilities. But how much opportunity did he have throughout decades of military service to perfect his English? 

Yes, there were foreign delegations, overseas trips, and occasional interactions with visiting officers. None of that compares to living, studying, and working for years in an English-speaking environment.

Normally, this would not matter. In fact, it should not matter at all.

Yet this week, Netanyahu’s senior campaign strategist, Yonatan Urich – yes, the same Urich who has been under investigation in the Qatargate affair – decided to make this an issue.

Urich took to social media to ridicule Eisenkot’s English. He reposted an old video of Eisenkot speaking at the Washington Institute and mockingly referred to him as “Mr. Hasbara.” The intent was obvious. It was an attempt to portray Eisenkot as unqualified for national leadership because he is less fluent in English than Netanyahu.

Earlier in the week, after Eisenkot challenged Netanyahu to a debate, Urich responded with another sneering reply: “Are you prepared to do it in English?”

The absurdity is hard to overstate. There is no reason for Israeli prime ministerial candidates to debate in English. If they were to hold a debate – which sadly Netanyahu refuses to do – it would obviously be in Hebrew because they are running to lead Israel.

Yet Urich’s point was clear: he wanted voters to think that weaker English somehow means weaker leadership.

Is English important? Yes. Can fluency help in diplomatic meetings? Of course. But does it determine whether a leader can unite Israeli society? Does it indicate whether someone understands the threats on our borders? Does it reveal an ability to formulate military strategy, navigate economic crises, or make life-and-death decisions under pressure?

Of course not.

History is full of extraordinary leaders who spoke little or no English. Their effectiveness was measured by their judgment, character, vision, and ability to lead their people – not by their pronunciation.

What makes Urich’s attack even more bizarre is that he framed it as a criticism of Eisenkot’s ability to explain Israel’s case to the world. 

He might want to look in the mirror. 

Just a few days earlier, a Pew survey showed majorities in 36 countries – including the United States, Canada, Britain, Italy, Spain, Sweden, and Poland – holding negative views of Israel. Earlier this year, Gallup found that for the first time in a quarter century, more Americans sympathized with Palestinians than Israelis.

These trends emerged while Israel was led by a prime minister with excellent English, and if English fluency was the secret to successful public diplomacy, those numbers should look very different.

Tearing down opponents

The truth is that this was never about English. It is about something far simpler: finding another way to delegitimize a political opponent.

And it was not the only example this week. Another campaign advertisement sought to portray Israel’s Arab citizens as a threat while suggesting that any government led by Eisenkot would be dependent on them. The message was familiar from the past: sow fear, division, and demonization.

What is striking is not merely the content of these attacks but the complete absence of anything positive. There is no attempt to explain why voters should support Netanyahu’s vision or to present a roadmap for the future. There is no discussion of policy, strategy, or national priorities.

Instead, the focus remains one – tearing down opponents.

Eisenkot does not need anyone to defend him. He spent more than four decades in uniform, he was wounded in combat, and he made life-and-death decisions daily.

This is also not about him. It is about us and the political culture we are willing to accept.

Whenever concerns like these are raised about the political culture in Israel, someone always responds that politics are ugly everywhere – in America, in the UK, and in France.

Perhaps. But we do not live in America, Britain, or France. We live in Israel.

Israelis are constantly telling ourselves that we are different from other countries. We point to our history, our security challenges, our shared sense of destiny, and the extraordinary circumstances under which this country exists.

If we truly believe that, then now is the moment to prove it. We need to reject a political culture that is built entirely on ridicule, division, and personal attacks. We have to demand of our leaders to offer ideas instead of insults. Most importantly, we can refuse to allow people like Urich to define the tone of the national conversation.

He and the party he serves need to understand that he is not the norm, but rather the exception.

And if we care about the future of Israeli democracy, we should make sure he remains one.

The writer is co-founder of MEAD, a senior fellow at the Jewish People Policy Institute, and a former editor-in-chief of The Jerusalem Post. His latest book, While Israel Slept, is a national bestseller in the US.

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Amid the dire reports from the ongoing fighting on our borders, the political scrambling, and the disturbances over the draft issue, there is a cheery item on Israel’s evening news. Israeli pop Mizrahi singer Peer Tasi has created his first album for children. Ask your children or grandchildren if you don’t know who he is.

This new album has been welcomed as a happy addition to the tradition of popular Israeli singers producing music for children, among them Arik Einstein, Chava Alberstein, Shlomo Artzi, Uzi Hitman, and Gidi Gov.

Tasi, 42, like all these singers, is a parent. His musical career began when he was a child in his family’s Yemenite synagogue. The album is called Yaldei Hashetach, literally “children of the field,” but closer in modern Hebrew to “Children of the Real World.”

Israeli children of the real world deserve all the light-hearted music and celebration we can provide, always, but this year in particular. Tasi’s songs are full of puns and humor. I particularly like “The Biggest Salad in the World,” but the top hit is Tasi’s version of an alphabet song, which reportedly had more than 200,000 online views in the first three days alone.

In this month of school graduations, end-of-year performances, and landmark events that were postponed amid the current missile attacks, I am relieved, impressed, and proud of our Israeli children.

I am not fooling myself that the year of war and terror, the canceled class trips, and the lack of loving families arriving from abroad have not hurt our children.

When I look out at each class or group of youngsters with whom I have been this month, I assume that most of them know someone who was injured or killed, and that all of them have sprinted to shelters and safe rooms.

But there they are, dressed in leotards and karate suits, or elegantly coiffed for graduations in Jerusalem, Modi’in, Binyamina, Tel Aviv, and Mitzpe Yeriho. I kvell over their stunning achievements and strength, despite the year’s challenges.

This realization struck me when I managed to get a seat on a towering bleacher in a Modi’in neighborhood gym. There was the end-of-year performance of Snunit Acrobatics – a display of acrobatics, gymnastics, trio pyramids, and aerial duos. 

Mostly girls, from preschoolers to graduating high school seniors, performed aerial cartwheels, leaps, and tumbling to complex musical choreography.

There are 2,000 participants in this program, so the final performances have to take place over three days. To take part in this program, each participant had to show up after kindergarten or school for about six hours a week, even when they had tests or birthday parties. Okay, the younger students only came for four hours a week, but that is still an impressive commitment.

This year, their classes and practice sessions were, of course, interrupted by war. Nevertheless, to my admittedly untrained eyes, the junior gymnasts and acrobats looked good enough for international competitions.

Indeed, when I poked around the Internet, I learned that the Modi’in group had won 21 medals in a February 2025 Dubai competition. After competing respectably in the June 2025 Tbilisi Cup, they had trouble getting home because flights from Georgia were canceled.

Bar mitzvah gets rescheduled

Then, in my Jerusalem synagogue on Shabbat, a boy named Gili looked too tall to be chanting his bar mitzvah portion. Suddenly, I remembered why. His bar mitzvah, scheduled for a year ago, had been canceled when synagogues were closed and we were all huddling in shelters from Iranian missile attacks. So, with aplomb, at age 14, he chanted his bar mitzvah portion six inches taller than a year ago.

Gili almost missed this bar mitzvah, too, because he had just returned from volunteering in Tanzania, where he helped build a greenhouse for a public school. To qualify for the volunteering, he had to attend six hours a week of training in public diplomacy through the PICO Kids Ambassadors program, so he could promote Israel’s good name.

Here, too, though not because of the war, there were transportation snafus on the way home. But he managed to arrive in time and get ready for Shabbat.

The two high school graduations I am attending are for our grandchildren in Modi’in and Zichron Ya’acov. Both teens have gone to too many funerals of friends, and siblings of friends, in their school years. Both have volunteered for at least one extra year of commitment, in pre-army service, in addition to the years they will serve in the IDF.

One of my granddaughters is singing in the Hazamir musical grand finale, if it’s not canceled because of the latest missile attacks. She and the other singers weren’t able to take part in the Lincoln Center concert in Manhattan because their flight was canceled at the last minute during Operation Roaring Lion.

A SPECIAL invitation to Mitzpe Yeriho took me to an English-language, end-of-year book fair by first- to sixth-graders, who take part in the after-school program A.H.A.V.A. – learning English the natural way.

The CEO is master teacher Gaila Cohen Morrison, a grandmother who lives out in the boondocks and is obviously a gifted teacher with a touch of both Mary Poppins and Amelia Bedelia.

The students wrote the books at the fair themselves; lovely stories in pencil on lined paper, bound with string, with impressions from their lives, about books they had read, and even from poetry.

Visitors were encouraged to stick silver stars on their favorites. The students came from as far away as Beersheba. For nearly all these children, even those who come from fully English-speaking homes, Hebrew is their school language. Yet they created these books in English.

As part of their studies, the sixth graders had read my book Ilan Ramon: Israel’s Space Hero, and I had a chance to talk to them about the writing process. I explained that in Israel, we have the advantage of being able to hear true stories from original sources, even pilots and generals, to supplement or replace anything we might read on the Internet.

I encouraged them to keep writing, stressing that their own stories are unique and important. Even a year from now, they will be fascinated by what they are writing today.

I asked them if they minded hearing stories with a sad ending, like the biography of the late astronaut Ilan Ramon.

“That’s the real world,” someone answered.

Just like the new album of children’s songs.

Snunit, the acrobatics program, is the Hebrew name of the swallow, a bird known for covering enormous distances during its migratory journeys, and for returning each year to the same nest. Therefore, in Israeli culture, the swallow is an emblem of loyalty, renewal, flight, and return.

What better symbol could there be for our children? They have covered enormous distances this year, sometimes frightened, sometimes delayed, sometimes forced into shelters, but still returning to their music, their books, their gymnastics, their volunteering, their Torah readings, and their dreams.

Mazal tov to all the graduates. Hail to the children of Israel.

The writer is the Israel director of public relations at Hadassah, the Women’s Zionist Organization of America. Her latest book is A Daughter of Many Mothers, co-written with Holocaust survivor and premier English-language witness Rena Quint.

This post was originally published on here

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

AI continues to draw massive capital and new use cases in biopharma: Take Prometheus’ $12 billion raise to build “artificial general engineers,” or Abridge’s new partnerships with Eli Lilly and Nvidia, which aims in part to optimize the clinical trial recruitment process.

Plus, a nonprofit buys a shelved drug for a pediatric leukemia with plans to distribute it for free.

Continue to STAT+ to read the full story…

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On our weekly Monday coaching call, an agent brought up a deal she had just lost. The buyer picked their own inspector. The inspector wrote a report so thick and dramatic that the buyer never even tried to negotiate the repairs. They walked. The contract was gone before lunch.

She asked me, “How do we prepare buyers so this stops happening?”

The fix is not in the inspector. The fix is in the conversation you have before the inspector ever shows up.

Plant the picture before the page lands

Here is the truth almost no agent says out loud. Home inspectors get paid $500 to $600 to walk a house with a flashlight and a clipboard. If they hand the buyer a one-page report that says, “Everything looks fine,” the buyer feels robbed. They feel like they paid $600 for nothing. So, many inspectors have learned, that thicker the report, the better. The fee gets justified by the page count. The result is a document that reads like the house is one strong breeze away from collapse, when in reality the house is fine.

That is the trap your buyers might walk into. They open a 50-page binder, and they panic. They were not warned. They were not prepared. They were not handed the picture in advance.

My suggestion? Here is the conversation you must have with every buyer, before every inspection, on every house. Do this even when you know the house is in great shape. This will save you more transactions from falling through than any other single dialog I teach.

The pre-inspection script

Sit down with them. Use their names. Then deliver this, calmly:

“Mr. and Mrs. Hunna Hunna, before your inspector walks through the door tomorrow, let me give you a little coaching. As far as I know, there is nothing wrong with this house. The sellers have not disclosed anything that concerns me. But, your inspector is probably going to find something. They are going to find a lot of somethings. Here’s why:

When you pay an inspector $600, and they hand you a single page that says the house is fine, you feel ripped off. You think you wasted the money. So, many inspectors have learned to justify their fee by handing you a book of issues. They are going to write down the paint smudge on the baseboard upstairs. They are going to write down the closet door that sticks. They are going to write down the back window that needs a little extra force to close. They are going to take photographs of all of it.

I want you to expect War and Peace. I want you to expect a doorstop. I want you to picture one of those auto repair manuals at the parts store, like those giant binders mechanics used to use. That is what I want you to imagine.

Now when you get the final report, we will sit down together, pull out the items that actually matter, and bring those calmly to the seller, if there are any items that need addressing.”

That is the whole conversation. Three minutes. And it changes everything.

Deliver this with humor. Not jokes, but with a smile in your voice. The lighter you are about it, the more permission you give them to feel calm. The agent who asked the question on the call said it best when we finished talking through it. Doing it with humor really makes a difference, because it gets everybody on the same page. That is the goal. Everyone calm and on the same page. Now we can do the work.

The quick implementation checklist

If you skim nothing else in this piece, run this play on every deal:

  1. Schedule the conversation before the inspector arrives. Not after. Before. The picture has to land first.
  2. Plant a bigger image than reality. Say “War and Peace” out loud. Say “auto repair manual.” Make the report they imagine larger than the report they will actually get so when they actually get it, their first reaction should be, “Oh, this is not that bad.”
  3. Predict the trivial findings out loud. Paint smudges, sticky doors, stiff windows. When those exact items show up in the report, the buyer trusts you more, not less.
  4. Promise a debrief. Tell them you will sit down together, separate the cosmetic from the structural, and bring the real items to the seller calmly.

Powerfact: The fee justifies the thickness. Your conversation justifies the calm.

After the binder lands

When the report actually arrives, do the work you promised. Sit with your buyer at a kitchen table or a coffee shop or a screen share. Open the report together. Sort the cosmetic from the structural. The trivial items stay on your side and never go to the seller. The structural issues, the safety items, the costly repairs go to the seller with a clear ask and a clear reason. Calm voice. Specific request. No drama.

Some of what the report flags will be real. There will be a few legitimate items that deserve attention. When that happens, do not minimize them. Do not gloss over them. Bring them to the seller with a clear ask and a clear reason. The framing protects the relationship. It does not erase the work. The framing makes the work possible.

The reason this matters goes deeper than one inspection report. The work we do is largely emotional. We are guiding human beings through what is often the largest financial decision of their lives, on a compressed timeline, with strangers, with money on the line. Fear is the deal killer. Not the inspector. Not the repairs. The fear.

Our job as professionals is to take fear off the table before it ever arrives. Plant the picture. Pre-frame the moment. Walk in with calm. Be the steady voice they hear when the binder lands.

Set the frame before the report opens, and the report has a much harder time killing the deal.

Serve, don’t sell. Coach, don’t close.

Darryl Davis, CSP, has spoken to, trained, and coached more than 600,000 real estate professionals around the globe. He is a bestselling author for McGraw-Hill Publishing, and his book, How to Become a Power Agent in Real Estate, tops Amazon’s charts for most sold book to real estate agents.

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

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

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XRP (CRYPTO: XRP) sentiment has dropped to its lowest level since October 2025, with whale selling raising questions about whether the latest buy signal can produce a sustained rally.

XRP Sentiment Has “Fallen Off A Cliff

Santiment data said that “XRP sentiment has quietly fallen off a cliff.”

Data shows price weakness has contributed to the decline but so has growing fatigue over the lack of a major catalyst despite years of anticipation around Ripple’s legal clarity and institutional adoption narratives.

The analytics firm added that some of XRP’s strongest …

Full story available on Benzinga.com

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Nearly a year after launch, Tesla’s self-driving taxi service remains limited to just 59 vehicles across three Texas cities, raising fresh questions about Elon Musk’s ambitious autonomy targets.

Nearly a year after Tesla put its first robotaxis on the road, the service remains far smaller and less reliable than the company originally projected. As of late May 2026, Texas motor-vehicle filings and independent tracking data showed a fleet of roughly 59 robotaxis, operating only in Austin, Dallas, and Houston.

That is far from the vision outlined by Elon Musk, who has repeatedly described a future in which Tesla operates thousands of autonomous vehicles across the United States. Musk previously indicated the company could reach 1,000 robotaxis by the end of 2026, a target that now appears increasingly difficult.

The gap between promise and reality became more visible this week as riders and reviewers documented operational issues that suggest the service is still functioning more like a public test program than a mature transportation network.

Users reported wait times frequently exceeding 30 minutes, while the Tesla Robotaxi app periodically displayed messages such as “High Service Demand” and “No Rides Available.” In at least one reported case, a vehicle arrived but failed to begin the trip, requiring intervention from customer support.

Passengers have also cited inconvenient pickup and drop-off locations, sometimes forcing riders to walk significant distances despite available curb space nearby.

Tesla launched the service in Austin in June 2025 with approximately a dozen modified Model Y vehicles. Access was initially restricted to selected users, influencers and Tesla enthusiasts who shared favorable early experiences online.

During Tesla’s July 2025 earnings call, Musk outlined plans for rapid expansion into additional states, including California, Nevada, Arizona and Florida. While Tesla expanded into Dallas and Houston in April 2026, the broader national rollout has yet to materialize.

The vehicles themselves remain more limited than many consumers expected.

Most rides continue to include a human safety operator, and Tesla restricts operations to carefully defined geographic areas known as geofences. The service therefore remains well short of Musk’s long-standing vision of fully autonomous vehicles operating nationwide without human supervision.

The stakes for Tesla are significant.

As vehicle sales growth has slowed, investors increasingly view robotaxis and Tesla’s Full Self-Driving (FSD) technology as key drivers of the company’s future value. Expectations surrounding autonomous transportation have become a central component of Tesla’s market valuation.

The numbers highlight the challenge ahead.

With approximately 59 vehicles currently operating, Tesla would need to expand its fleet by roughly 17 times in just seven months to reach Musk’s stated goal of 1,000 robotaxis by year-end. That expansion would also require regulatory approvals, operational infrastructure and proof that the vehicles can safely operate with reduced human oversight.

Meanwhile, competitors have established a substantial lead.

Waymo, the autonomous-driving division of Alphabet, operates a significantly larger robotaxi network. Estimates suggest Waymo’s Texas fleet is roughly ten times larger than Tesla’s. In Austin alone, public reports indicate Waymo operates more than 250 vehicles, compared with approximately 50 for Tesla.

Waymo also routinely operates vehicles without safety drivers, a milestone Tesla has not yet achieved at comparable scale.

Wall Street analysts have taken notice.

Garrett Nelson, an analyst with CFRA Research, recently said Tesla’s Austin deployment has fallen short of expectations. Independent road tests in Dallas and Houston have reported similar concerns, including lengthy wait times, unavailable vehicles and routing issues.

In one Dallas test, a trip expected to take roughly 20 minutes reportedly stretched to nearly two hours because of service interruptions and availability problems.

For consumers, the current limitations are difficult to ignore.

A service marketed as convenient, on-demand transportation remains available only in limited areas and often struggles to deliver rides quickly and consistently. Until reliability improves and availability expands, robotaxis are unlikely to replace traditional ride-hailing services—or personal vehicles—for most riders.

Tesla maintains that its camera-based approach to autonomous driving will ultimately allow it to scale more quickly and at lower cost than competitors that rely on expensive lidar and sensor systems.

That strategy could still prove successful over time.

For now, however, the company’s Texas deployment highlights the considerable distance between Tesla’s long-term vision and the current state of its robotaxi service. Nearly a year after launch, the business remains small, geographically limited and operationally inconsistent.

Whether Tesla can close that gap before the end of the year remains one of the most closely watched questions in the autonomous-vehicle industry.

JBizNews Desk — Texas

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U.S. stocks opened higher Friday, June 12, 2026, as the largest stock offering in history and rising hopes for peace in the Middle East drew buyers into the market. President Donald Trump told reporters that a deal to end the war with Iran could be signed within days, one that would reopen the Strait of Hormuz and restore energy shipping through the Gulf. At the same time, SpaceX began its first day as a public company on the Nasdaq under the ticker SPCX, completing the biggest initial public offering ever recorded, according to the company’s S-1/A registration statement filed with the Securities and Exchange Commission.

In early trading, the Dow Jones Industrial Average rose 298 points, or 0.6%, while the S&P 500 added 0.1% and the Nasdaq Composite slipped 0.1%, held back by a steep drop in Adobe.

The move extended Thursday’s rally, when the Dow gained 1.86% to close at 50,848.75, the S&P 500 rose 1.75% to 7,394.30, and the Nasdaq Composite climbed 2.54% to 25,809.66.

SpaceX Takes Center Stage

The day’s centerpiece is SpaceX.

In its SEC filing, the company founded by Elon Musk set its price at $135 a share and offered about 555.5 million shares to raise roughly $75 billion, valuing SpaceX at $1.77 trillion and making it the seventh-most valuable U.S. company, ahead of Tesla.

Musk and SpaceX President and Chief Operating Officer Gwynne Shotwell rang the opening bell Friday, Musk from Texas and Shotwell from the Nasdaq MarketSite in New York.

The first public trade did not print at the opening bell as the stock cleared a Nasdaq auction to establish its opening price.

Goldman Sachs and Morgan Stanley led the offering as part of a syndicate of 23 banks listed in the prospectus.

Market Movers

SpaceX-related companies led early gains.

EchoStar, which owns an estimated 3% stake in SpaceX, rose about 4.8% before the open to roughly $134.28.

AST SpaceMobile advanced for a second straight session, while Rocket Lab gained about 4.5% after announcing it will join the Nasdaq-100 later this month.

Intel jumped about 5% after Bank of America analyst Vivek Arya upgraded the stock to Buy from Underperform and raised his price target to $135 from $96. Arya cited stronger demand for artificial-intelligence server chips and improved visibility into Intel’s contract manufacturing business, including a reported order from Google for more than three million custom AI processors.

Nvidia added about 1%. The company told Chinese customers its new Vera AI data-center processor could be available as early as August and is now open for orders.

Amazon also moved higher as investors returned to artificial-intelligence infrastructure names.

The biggest drag was Adobe, which fell about 7% despite reporting stronger-than-expected results.

Adobe reported quarterly revenue of $6.62 billion, above analyst expectations of $6.46 billion, but news of the planned departure of its chief financial officer triggered a series of analyst downgrades.

Goldman Sachs analyst Gabriela Borges lowered her price target to $190 from $220 while maintaining a Sell rating. Morgan Stanley analyst Keith Weiss said Adobe’s results reflected strong AI demand but expects the stock to remain range-bound.

Financial stocks also firmed, with JPMorgan Chase and Goldman Sachs trading higher.

Fifth Third Bancorp began trading on the New York Stock Exchange.

Among other notable movers, Playtika rose more than 5%, Virgin Galactic fell about 10%, DoubleVerify dropped roughly 4.2%, and Ollie’s Bargain Outlet declined about 3.3%.

Oil Falls as Diplomacy Gains Momentum

Oil prices declined on hopes that diplomatic progress could ease tensions in the Middle East.

West Texas Intermediate crude for July delivery fell 2.8% to $85.26 a barrel, while Brent crude dropped 2.5% to $88.13 a barrel.

The decline followed comments from President Trump indicating that an agreement could be reached as soon as this weekend in Europe.

A 14-point draft reported by Iranian state media would commit Iran to reopening the Strait of Hormuz within 30 days in exchange for the lifting of U.S. oil sanctions, although Tehran has not formally approved the proposal.

Lower oil prices typically translate into lower gasoline costs for consumers and businesses.

Meanwhile, gold traded near $4,180 an ounce after briefly dipping toward $4,000 before rebounding above $4,200.

The Cboe Volatility Index (VIX) eased toward 19.

Investors Focus on Historic Debut

Despite Friday’s gains, investors remained focused on the historic SpaceX debut.

Some traders reportedly sold existing holdings during the week to raise cash for SpaceX shares, contributing to choppy trading in parts of the technology sector even as the broader market advanced.

With the largest public offering in history still establishing its opening price, volatility is likely to remain elevated throughout the session.

JBizNews Desk — Markets

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A massive fire broke out and destroyed the warehouse of Jewish-owned events business SVS Productions in the United Kingdom on Thursday night.

The London Fire Brigade said 25 fire engines and around 150 firefighters were called to tackle the blaze on Oxgate Lane, Brent, which is not far from Golders Green.

The fire was located in a business park and involved a multi-use warehouse building with two floors, LFB said. At the fire’s peak intensity, the majority of the structure and its roof were alight.

Firefighters will remain on the scene throughout the day to fully extinguish the fire.

So far, the fire is not being treated as suspicious, but is nevertheless being investigated by the Brigade’s Fire Investigation Team. 

SVS owner Uzziel Sassoon said the warehouse has been “completely destroyed.”

He thanked the emergency services for their rapid response and also expressed gratitude for the warm messages and support SVS has received. 

The Telegraph reported that SVS could have lost up to £3m worth of equipment.

Warehouse fire follows spate of antisemitic arson attacks

While there has been no indication that the fire was a result of arson, the incident comes in the wake of multiple antisemitic arson attacks in North West London.

Notable examples were the attack on Hatzalah ambulances in Golders Green, and the firebombing of Finchley Reform Synagogue.

However, a recent blaze at Kosher Kingdom supermarket turned out not to be suspicious.

The Jerusalem Post reached out to SVS for comment.

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And so, another working week will soon draw to a close. Not a moment too soon, yes? This is, you may recall, our treasured signal to daydream about weekend plans. Our agenda includes promenading with the official mascots, catching another round of live musical vibes here and there, and taking pride in some folks who are dear to us. We also hope to hold yet another listening party, where the rotation will likely include this, this, this, this and this. And what about you? This is a wonderful time of year to sample the many outdoor activities popping up — street fairs, festivals, and all sorts of gatherings can be sampled. If the weather fails to cooperate, though, you could curl up with a good book, sit in front of the telly to take in one or more sporting events, or plan a needed getaway. If none of this strikes your fancy, you could simply park yourself somewhere comfortable for a while and remain zen. Well, whatever you do, have a grand time. But be safe. Enjoy, and see you soon. …

In a rare move, the nonprofit organization Blood Cancer United announced it was buying the remaining supplies of Luvelta, a discontinued investigational cancer drug, STAT reports. As part of the transaction, Blood Cancer United, previously known as the Leukemia & Lymphoma Society, also will acquire the investigational new drug designation and manage the compassionate-use program for children with a rare form of blood cancer, distributing the medication to patients at no cost while supplies last. Sutro Biopharma discontinued development in March 2025 and also eliminated a compassionate use program.

Novo Nordisk identified a security incident in which certain information, ​including patient data from some clinical trials, was copied externally without ‌authorization from its internal IT systems, Reuters notes. The company said it launched a probe with the assistance of external ​cybersecurity experts and is in contact with the relevant authorities. The potential categories of ​personal data affected may include patient ID, year of birth, sex, and health or immunogenicity data among others. Novo did not provide further details, but does not ‌believe ⁠the incident will enable any third party to identify participants in its clinical trials.

Continue to STAT+ to read the full story…

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OneTrust Home Loans is suing competitors E Mortgage Capital (EMC) and United Wholesale Mortgage (UWM), along with 31 former employees of a former Arizona division, alleging a coordinated scheme to poach staff, steal trade secrets and divert more than $31 million in loan volume.

The complaint by OneTrust — a d/b/a for CalCon Mutual Mortgage — accuses the defendants of secretly funneling borrower information and loan opportunities to EMC and UWM while still employed by OneTrust.

The lawsuit, filed June 4 in a U.S. district court in Arizona, alleges that the defendants “improperly obtained and exploited the benefit of CalCon’s employees, borrower information, loan opportunities, confidential information, trade secrets, goodwill and business infrastructure for Defendants’ own financial gain.”

As of March 12, 2024, the departing group had successfully solicited at least 79 loans away from OneTrust, representing an aggregate loan volume of just over $31 million, the lawsuit shows. 

In a statement on Thursday to HousingWire, a spokesperson for EMC said the company has a “clear and firm policy,” in which new employees cannot bring leads, borrower information or any loan opportunities that belong to a former employer. EMC said the number of defendants in the lawsuit “is telling in itself,” it is confident in its position and will address the claims through the legal process.

“That policy is non-negotiable and is something we enforce without exception,” the EMC spokesperson said. “The individuals named joined E Mortgage Capital after concluding their employment elsewhere. Any conduct alleged to have occurred prior to or during their departure from their former employer is not something E Mortgage Capital directed, participated in, or had knowledge of.”

A spokesperson for UWM said the claims “are without merit” and the lender will “vigorously defend against them to the fullest extent permitted by law.”

The claims

The alleged misconduct came to light following a separate legal dispute. In mid-2025, former employees demanded arbitration against the lender under the Fair Labor Standards Act. In November 2025, OneTrust filed counterclaims. 

The discovery process yielded about five terabytes of electronically stored information — including internal emails and Microsoft Teams chats — which the lender claims exposed the secret loan diversion scheme in 2026.

A central element of the alleged scheme involved the unauthorized use of the third-party point-of-sale platform Floify. According to the lawsuit, the Arizona team was instructed to use OneTrust’s authorized systems, including Blend. Instead, the employees allegedly used Floify and personal email domains to covertly process borrower leads outside of OneTrust’s visibility, redirecting them to UWM and EMC.

The Arizona division was led by former senior vice president Tim Potempa, who joined OneTrust in February 2022. Potempa — a top-ranked U.S. loan office that originated about $231 million last year, per HousingWire Mortgage Rankings — departed the Dallas-based multichannel lender for EMC in early 2024, bringing a 40-person team and more than $300 million in annual production.

Potempa left EMC after over a year to join CrossCountry Mortgage in August 2025. He did not immediately reply to a request for comments.

OneTrust alleges that Potempa and other division leaders began engaging in “coordinated efforts” in late 2023 to transition the pipeline and personnel away from the company, despite employment contracts strictly prohibiting the solicitation of OneTrust employees for 18 months following their departure. Arizona division leaders also allegedly downloaded company trade secrets — including pricing models, vendor fees and internal cost allocations — to use at EMC.

The lawsuit also points the finger directly at UWM. OneTrust alleges the wholesale giant received and funded the loans despite knowing it did not have a brokerage relationship with OneTrust. 

The complaint claims UWM was “willfully blind” to the fact that the loan opportunities originated from OneTrust personnel and systems, and were being actively redirected for the benefit of EMC and UWM.

OneTrust is seeking damages on multiple counts, including misappropriation of trade secrets, violation of the Computer Fraud and Abuse Act (CFAA), breach of fiduciary duty, tortious interference with contractual relations and business expectancies, civil conspiracy and unjust enrichment.

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Michael Saylor addressed the backlash over Strategy Inc.’s (NASDAQ:MSTR) 32 Bitcoin (CRYPTO: BTC) sale at BTC Prague Thursday, drawing a clear line between personal advice and corporate treasury management.

Saylor Says The Advice Was For Individuals, Not Companies

Saylor confronted the contradiction directly from the Prague stage.

He acknowledged telling individual investors never to sell their Bitcoin but said that advice was never directed at Strategy as a corporation.

“I said to you, never sell your Bitcoin. I never said that the company wouldn’t sell its Bitcoin,” Saylor said in a video shared on X. 

“Anybody that’s been listening to our earnings calls or reading our disclosures or has half a brain knows for the last five years, we’ve been very clear that of course we sell the Bitcoin if we have to,” he added.

The sale itself barely registers against the size of the position. Strategy

Full story available on Benzinga.com

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President Donald Trump downplayed a sharp rise in inflation, arguing higher prices are tied to the Iran conflict and will fall once the war ends.

U.S. inflation accelerated to its fastest pace in three years during May, according to the Consumer Price Index (CPI) report released Wednesday, June 10, 2026, by the Bureau of Labor Statistics. But rather than expressing concern, President Donald Trump surprised reporters with an unusual response.

“I really love the inflation,” Trump said during remarks at the White House.

The comment immediately drew attention because rising prices have traditionally been viewed as a political liability for any administration. However, Trump quickly clarified his reasoning, shifting the discussion toward the ongoing conflict with Iran and arguing that inflation pressures are largely tied to wartime energy disruptions.

“I love the inflation. You know why?” Trump said before discussing U.S. operations related to Iran’s oil sector and asserting that the administration’s broader strategy would ultimately benefit the economy.

The remarks came after a difficult inflation report.

The Consumer Price Index, which measures changes in the prices consumers pay for goods and services, recorded its highest annual increase since April 2023. It marked the third consecutive month of accelerating inflation and moved further above the Federal Reserve’s long-term target of approximately 2%.

The primary driver remains energy.

Since the escalation of hostilities involving Iran earlier this year, oil markets have experienced significant volatility. The disruption of shipping through the Strait of Hormuz, one of the world’s most important energy corridors, has pushed fuel prices sharply higher.

According to AAA, the national average price of regular gasoline has climbed to approximately $4.15 per gallon, compared with about $2.98 before the conflict intensified.

Within the May inflation report, gasoline prices rose 7%, following a 5.4% increase in April and a 21.2% surge in March.

Higher energy costs continue to ripple throughout the economy.

The Bureau of Labor Statistics reported increases across multiple categories, including transportation, airline fares, recreation, healthcare services, communications and other consumer expenses. Because fuel affects shipping and operating costs throughout the economy, higher energy prices often translate into broader inflationary pressures.

Trump used the inflation discussion to make a broader argument about the war.

The president claimed U.S. operations have prevented oil prices from rising even further by disrupting Iranian oil activity. He described nighttime maritime operations involving multiple vessels but did not provide specific figures or supporting documentation. The claims could not be independently verified.

When asked whether inflation would fall before the November midterm elections, Trump expressed confidence.

“When the war’s over, it’s coming down,” he said. “It’s going to come down like a rock.”

That message reflects the administration’s position that current inflation pressures are temporary and largely tied to geopolitical events rather than underlying economic weakness.

Economists note, however, that sustained inflation can create additional challenges.

Persistent price increases may force the Federal Reserve to maintain higher interest rates or even consider future increases to cool demand. Higher rates can raise borrowing costs for mortgages, auto loans, business financing and credit cards.

For consumers, that means inflation can have effects beyond rising prices at gas stations and grocery stores.

Even so, current inflation remains below the levels experienced during the post-pandemic surge.

In 2022, annual inflation exceeded 9%, reaching its highest level in roughly four decades. While today’s inflation is the strongest in three years, it remains significantly below those historic peaks and is currently more concentrated in energy-related sectors.

The key variable remains the duration of the Iran conflict.

If energy markets stabilize and oil shipments through the Strait of Hormuz return to normal levels, inflation pressures could ease. If disruptions continue, higher fuel costs could remain a source of upward pressure on prices throughout the economy.

For now, consumers face rising costs, policymakers face renewed inflation concerns, and investors are watching closely to see whether the recent surge proves temporary—or becomes a more persistent challenge for the U.S. economy.

JBizNews Desk — Washington

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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 said, but added that some were later released.

Thursday’s statement followed a clampdown on protests against the arrests in Herat’s district of Injil on Tuesday.

Fear and apprehension across Afghanistan, although many women have been released

“The arrests have heightened fear and apprehension among women and girls across Afghanistan,” UN Women said, adding that many of the women had since been released.

“Taliban security forces allegedly opened fire on protesters – men, women and children – administering beatings to some,” it added. “At least two people, including a boy, were killed and more than 20 were injured.”

Media said officials from the Taliban’s morality police, the Department for the Promotion of Virtue and Prevention of Vice, had detained some women in the days before the protests for allegedly failing to comply with hijab regulations.

Local authorities have denied reports that women were arrested.

Since seizing power in Kabul in 2021, the Taliban have imposed sweeping restrictions on women and girls in the war-shattered country, including ​limits on access to education, employment and sport, drawing international criticism.

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Two Ebola-related deaths have been confirmed in a displacement camp in eastern Congo, the United Nations refugee agency (UNHCR) said in a report.

The two victims were internally displaced people living in the Kpangba camp, which hosts 30,000 refugees, UNHCR said in the report published on Thursday, adding that the high risks of transmission required strengthened prevention and response measures.

‘Blind spots’ could hide full spread of Congo’s Ebola outbreak, WHO suggests

There are many “blind spots” in the Ebola outbreak in the Democratic Republic of Congo, a World Health Organization expert said on Friday, suggesting the spread of the deadly disease may be much wider than official estimates.

Congo said on Thursday the disease had spread ​to three new health ‌zones. It reported 676 confirmed cases and 136 deaths in an outbreak that has also spread to neighboring Uganda.

“There are still many blind spots in some areas that are high risk,” Olivier le Polain, a WHO epidemiologist in Beni, eastern Congo, said.

“Surveillance really needs to be strengthened in those areas.”

Another big challenge is a shortage of beds that medics can use to isolate patients, he said. There were only 250 across the three affected provinces, he added.

The outbreak involves the rare Bundibugyo strain of Ebola, for which there is no approved treatment or vaccine.

The disease went undetected for weeks, and first responders say they are playing catch-up.

The WHO does not yet have projections for the size of the epidemic, Le Polain said, after the US CDC said it could be on the same level as the 2014-2016 West Africa outbreak, which caused more than 11,000 deaths.

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Bitcoin’s (CRYPTO: BTC) current downturn may be painful, but Strive (NASDAQ:ASST) executive Matt Cole says the asset is already in a bottoming process and that new BTC-backed credit products could make future bear markets less severe.

Digital Credit As A New Bitcoin Bid

Speaking on the Bitcoin Magazine Podcast on June 10, Cole described the latest Bitcoin selloff as a “classic” but relatively mild bear market.

“The fundamentals around Bitcoin have never been stronger,” Cole said, pointing to growing institutional adoption, ETF distribution through retirement accounts, improving regulation and the rise of digital credit products.

Cole expects Bitcoin could move …

Full story available on Benzinga.com

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They had no idea what they were creating.

Faced with Britain’s ban on immigration to Palestine, the Hagana set up “The Mossad (Institution) for Aliya B,” which would plant agents in multiple lands, gather prospective immigrants, hire boats and skippers, and ship them illegally to the Promised Land’s shores.

That was in April 1939. By September, the evolving network’s operations were abruptly halted with the outbreak of World War II. 

Even so, those brief months’ work laid the foundations for one of the world’s most fabled spy agencies, and also gave it its name – the Mossad.

Now, as outgoing Mossad director David Barnea is succeeded by Roman Gofman, the Mossad’s failures must be probed and its tasks reformulated, even while its recent successes are hailed.

The Mossad resurfaced the morning after the war, ultimately sealifting more than 100,000 Holocaust survivors and airlifting another 160,000 Jews from Yemen and Iraq. 

It would continue struggling for oppressed Jews, but its main mission soon shifted to hardcore espionage, penetrating enemy lands, spying on foreign armies, and hunting down wartime Nazis.

Benefiting from the young state’s ample supply of multilingual immigrants, the agency infiltrated the Arab world and the Eastern Bloc.

The world got its first glimpse of the Mossad’s reach in 1956, when it obtained a copy of the secret speech in which Soviet leader Nikita Khrushchev unveiled Joseph Stalin’s crimes.

Four years later, the Mossad stunned the world by capturing Adolf Eichmann and smuggling him, undetected, halfway across the world.

While that operation took much resourcefulness, it paled compared to the 1967 Six Day War, in which the IDF’s victory was helped by detailed intelligence that was gathered over years by daring agents such as the legendary Eli Cohen.

Mossad success paired with occasional failure

But the Mossad also had its failures.

It failed to detect the Yom Kippur War’s approach in 1973 (although it did read well an Egyptian mole’s warning the day before the attack).

Before that, the Mossad mistakenly killed an innocent man while pursuing the Munich Massacre’s perpetrators, and in 1997, it botched an attempted assassination of Hamas leader Khaled Mashal.

These successes and failures animated the Mossad’s work in the last century, when its tasks were entirely different from the threat that would dominate its work this century – Iran.

THE MOSSAD began focusing on Iran during Ariel Sharon’s premiership (2001-2006), and his appointment in 2002 of Meir Dagan as head of the Mossad.

A retired general, veteran commando, and son of Holocaust survivors, Dagan brought a new fighting spirit to the Mossad, sending its agents to actively sabotage Iran’s nuclear program, and meticulously mapping the Islamic regime’s political apparatus, scientific community, industrial layout, and military deployment.

During Dagan’s 11-year directorship, the Mossad reportedly killed scientists, sabotaged installations, and planted operatives across Iran.

The effort continued in earnest under his successors, Tamir Pardo and Yossi Cohen, and was underscored when a full archive of Iran’s nuclear program was snatched.

That is how the Mossad arrived at Barnea’s term, when the shadow war with Iran became a full-blown confrontation from which the Mossad, on the face of it, emerged with flying colors.

What was the Mossad’s responsibility for failures on Oct. 7?

THE COMMISSION of inquiry that will ultimately investigate the past three years’ events will face a dilemma: what was the Mossad’s responsibility for Israel’s failures on October 7, 2023? 

Formally, Gaza is out of the agency’s jurisdiction. The question, therefore, is: to what extent Iran and Qatar – which, unlike Gaza, were part of the Mossad’s responsibility – knew in advance of the invasion that the Mossad, like everyone else, failed to foresee.

At the same time, regarding its hardcore assignments, the Mossad delivered. In Lebanon, years of imaginative work resulted in the beeper attacks, which disabled thousands of Hezbollah terrorists in a matter of minutes. 

In Iran, the Israel Air Force got precise locations of more than 70 personal targets, and hundreds of military installations and industrial plants, while being helped by squads of local operatives who reportedly fired missiles and unleashed explosive drones.

Gofman to be tested on Barnea’s failures

Even so, Barnea’s Mossad failed on two fronts, and that is where Roman Gofman will be tested.

THE FIRST failure was in Iran itself. Yes, the military successes during the IDF’s attacks were breathtaking, but they did not bear the political fruit that should have been their aim.

Reports that the original plan was to be crowned by a Kurdish charge on Tehran are no consolation and, in fact, are alarming. The Kurds are a small and remote minority in Iran. They cannot be assigned to remove the regime, and the Mossad should have realized this.

The ayatollahs should be unseated by a Persian underground with leaders, arms, organization, and troops. Helping this happen should be Gofman’s top priority, just like his predecessors’ priority was Iran’s nuclear program and missile industry.

The second front is the global attack on Israel’s legitimacy.

The protest movement that we have come to face, and its influence on Western academia, politics, and culture, poses a strategic threat to the Jewish state. 

Tracing this effort’s financing, exposing its masterminds, hounding its lieutenants, and sabotaging their ploys should be a central goal for Gofman’s Mossad.

Much has been said about Gofman’s suitability for his new position. This writer has nothing to add to this debate, except that in the last century, he urged the Mossad to tap the massive wave of Russian-speaking immigrants who arrived here in the 1990s (“Ephraim’s Mossad,” March 6, 1998). 

The new Israelis, I argued, brought a type of worldliness that the Mossad’s founders possessed, and their Israeli-born successors lacked.

One of those immigrants had arrived here from Belarus at age 14; at that writing, he was a 22-year-old lieutenant in Armored Battalion 53. Now he is head of the Mossad. 

Hopefully, his background will help him deliver what his Sabra predecessors didn’t deliver, and Israel’s survival now demands.

www.MiddleIsrael.net

The writer, a Hartman Institute fellow, is the author of the bestseller, The Jewish March of Folly (Yedioth Books 2026), now available in English on Amazon.

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An American businessman who wrote a book about living through a military coup in Myanmar was detained on his return to the Southeast Asian nation on Thursday, according to two people briefed on the matter.

Adam Castillo, a former head of the American Chamber of Commerce in Myanmar who is based in Yangon where he runs a security firm, was stopped at an airport after traveling to the country, one of the people said.

A US State Department spokesperson said it was aware of reports of the detention of an American in Myanmar but had no further comment “due to privacy concerns.”

A spokesperson for the military-backed government did not immediately respond to requests for comment.

‘Finding Our Voice,’ the book about the 2021 Myanmar coup

Castillo had been abroad promoting his book, Finding Our Voice, about staying in Myanmar following the 2021 coup that threw the country into turmoil, according to social media posts.

The military’s power grab ended a brief experiment in democratic rule under Nobel laureate Aung San Suu Kyi, and sparked a civil war between the army and a coalition of pro-democracy armed resistance forces allied to long-established ethnic minority groups.

In early April, former junta chief Min Aung Hlaing ⁠was sworn ​in as the country’s president, following a ​widely criticized, military-engineered election that excluded the main opposition groups, including Suu Kyi’s political party, and was conducted in the throes of conflict.

Castillo, a former US Marine, last year visited the White House and suggested to officials that the United States play a peace-broker role with a view to accessing rare earth minerals, Reuters reported.

His book chronicles the military’s bloody crackdown on pro-democracy protesters but also criticizes Washington’s policy, including sanctions, as ineffective and advocates for more business engagement.

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It was a short news headline, but it said a lot. The 9 a.m. radio news on Israel’s public broadcaster on Monday, June 8, announced: “No rockets have been launched on Israel in the last hour.”

Take a second for the meaning of that to sink in – the absence of rockets was the news itself. By 10 a.m., the headline was obsolete, and Israelis in large parts of the country were rediscovering their stairwells, shelters, and safe rooms. And spare a thought for residents of northern Israel, for whom this has become the norm, as they dodge incessant Hezbollah attacks from Lebanon for almost three years.

The flare-up this week marked the first time Iran launched ballistic missiles on the Jewish state since the April 8 ceasefire. The Houthis in Yemen, apparently suffering from severe FOMO (Fear of Missing Out), joined in, while Hezbollah continued its ongoing rocket and drone terrorism. The round of hostilities earned several social media nicknames, including: “The One-Day War,” and journalist Emily Amrousi’s “Operation Routine Lion” (a play on the name of this year’s Operation Roaring Lion and last June’s Operation Rising Lion). As usual, the humor was a way to deal with the tension and reflected Israel’s famed but strained resilience.

The Iranian missiles did not come out of the blue, as it were. The Islamic Republic launched its barrage in support of its proxy, Hezbollah, which has constantly violated a US-brokered ceasefire and didn’t like the consequences. When Israel attacked Hezbollah’s stronghold in Beirut’s Dahiya neighborhood in response to the terrorists’ barrages, Tehran decided to strike out – firing missiles indiscriminately on Israeli citizens (and shooting a few rockets on Arab Gulf states for good measure). 

One unintentional outcome: Iran’s attacks on its neighbors have strengthened the Arab states’ understanding of the importance of Israel as an ally against the global village bully.

Ignoring US President Donald Trump’s blunt warning not to respond, Israel hit back, targeting aerial defense systems and a petrochemical facility reportedly used to manufacture raw materials used for ballistic missiles. Although the opposition criticized Prime Minister Benjamin Netanyahu personally, especially ahead of the upcoming elections, there was a virtual consensus that Israel had no choice but to take action.

In the bloody aftermath of the Iranian-sponsored, Hamas-led invasion and mega-atrocity of October 7, 2023, it is clear that Israel cannot afford to let terrorist organizations get away with attacks. Indeed, this week’s rocket barrages diverted attention from the lethal terrorist shooting in the Sharon region, in which one Israeli man was murdered and five were wounded. Other recent attacks were thwarted or did not result in fatalities.

As Khaled Abu Toameh wrote for the Gatestone Institute, “All terrorist roads lead first to Tehran.” Abu Toameh noted the interview given by Lebanese President Joseph Aoun to CNN on June 5, when Aoun, directly referring to the Iranian regime, declared: “You are not trying to help us; the people of Lebanon are paying the price for your own interests… Our interests do not align with yours… This is not your country, it is our country.”

The same day, Lebanese Prime Minister Nawaf Salam, referring to Iran’s rejection of a ceasefire agreement, told a UN humanitarian appeal, “This is yet another confirmation that this war is not ours, that it is not fought for us, but on our soil and at the expense of our people.”

Abu Toameh noted: “So long as Hezbollah and Hamas remain armed and in power, and the Islamic Revolutionary Guard Corps remains ruling Iran, there will be no lasting peace or stability in the Middle East. All three remain deeply committed to their jihad (holy war) against Israel, and are prepared to pursue it indefinitely.”

Ceasefire and the World Cup

TRUMP’S CALLS for a ceasefire and cessation of hostilities might be driven partly by the desire to present solid foreign policy successes ahead of the midterms in November, but he also has his eyes on the ball of a non-political game. The US, along with Canada and Mexico, is hosting the 2026 FIFA World Cup, scheduled for June 11 to July 19.

Security will be extra tight, not because of Israeli actions but because the Palestinian massacre of 11 Israeli team members at the 1972 Munich Olympics showed the world a new type of terrorism – getting as much global attention as possible.

When Paris Saint-Germain FC beat England’s Arsenal in last month’s Champions League final, rioters took to the streets of Paris and across France to celebrate with acts of looting, arson, and violence that included the attempted storming of a police station.

As many quipped, if this is what a football victory looks like, imagine what would have happened had PSG lost. Ironically, both European teams wear the shirts of Gulf sponsors: PSG is owned by Qatar Sports Investments, which is backed by the Qatari government, while Arsenal is sponsored by Dubai’s Emirates airline.

Backing sports is not necessarily financially lucrative, but it does buy soft power and influence – a winning situation as far as countries like Qatar are concerned. As I noted when Qatar hosted the 2022 FIFA World Cup, apparently the result of kickbacks rather than being good sports, the tiny but mind-blowingly wealthy state has consistently played a double game: It sponsors terrorism and carries out human rights abuses while winking to the Western world and using its powerful Al Jazeera media empire to project a desired moderate image.

Iran, too, has politicized sports, including banning its citizens from competing against Israelis. Perhaps that’s not really so different from Ireland, Spain, the Netherlands, Iceland, and Slovenia (which last week elected a friendlier government) refusing to participate in this year’s Eurovision Song Contest because Israel took part.

At pro-Palestinian rallies around the world, the national flags of the countries where the demonstrations are taking place are rarely, if ever, found. Those ostensibly celebrating PSG’s victory were not waving France’s Tricolore.

At solidarity rallies for Israel, however, the local flag is usually seen alongside Israel’s Blue-and-White Star of David. There are also often Iranian expats, people who escaped the ayatollahs’ regime, proudly raising the pre-Islamic Republic’s “Lion and Sun,” as they stand next to Israel’s supporters, united by the understanding of the true enemy of global peace and stability. 

This was particularly true after the January crackdown by the Islamist regime, which left more than 30,000 protesters dead within days. Incidentally, FIFA is allowing the Palestinian flag to be displayed inside World Cup stadiums, even though no Palestinian team is participating, while it has banned the Lion and Sun. International politics can be a dirty game indeed.

MEANWHILE, FOR the European Union, kicking Israel is the name of the game. It is singling out the Jewish state on the international playing field with the threat of sanctions next week.

This week, France led a string of countries, including the UK, Canada, and Norway, in banning Finance Minister Bezalel Smotrich and several “settlers” in a move against the settlement movement in Judea and Samaria (the West Bank). Last week, Australia and New Zealand also imposed sanctions. These are all countries that have experienced escalating antisemitism, by the way.

Ostensibly, this is a move against (isolated but reprehensible) acts of so-called settler violence; however, every year brings a different pretext for the anti-Israel measures. Ironically, the economic sanctions often harm Palestinian and Arab workers associated with the Israeli companies. Talk about foul play.

The more the EU, UN, and others delegitimize Israel, the more Israel’s enemies are encouraged. The more terror attacks are perpetrated against Israeli and Jewish targets, the less the people of Israel feel there is a peace partner to talk to.

Here’s praying that it is football strikes and goals, rather than rocket strikes and hits, that make the local and world news headlines this summer.

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Despite rising defaults, redemption pressures and slowing retail inflows, investors continue pouring money into bonds issued by private credit firms, keeping a key source of business financing alive.

For all the concern surrounding the private credit industry this year, one corner of the market remains surprisingly strong: investors continue to buy the bonds issued by private credit funds.

In an April 2026 filing with the Securities and Exchange Commission, Goldman Sachs Private Credit Corp. reported raising approximately $1.04 billion of new capital during the first quarter, citing what it described as “continued strong investor demand.” More recently, Blackstone’s flagship private credit fund reported fresh inflows in early June, signaling that institutional investors continue to support the sector despite mounting concerns elsewhere in the market.

To understand why that matters, it helps to understand what private credit is.

Private credit refers to loans made outside the traditional banking system. Instead of borrowing from a commercial bank or issuing publicly traded bonds, companies receive financing directly from investment firms, asset managers and specialized lending funds. These loans often carry higher interest rates than traditional debt and typically lock investors into long-term commitments.

Over the past decade, private credit has grown into a multi-trillion-dollar global industry, becoming an increasingly important source of financing for businesses that may not qualify for conventional bank lending.

A large share of that activity takes place through Business Development Companies (BDCs), investment vehicles that raise money from investors and lend it to businesses. To increase their lending capacity, many BDCs also issue bonds of their own, effectively borrowing money from fixed-income investors.

Those bonds continue to find buyers.

According to Fitch Ratings, rated BDCs issued approximately $21 billion of debt during 2025 and another $4 billion during January 2026 alone. Recent bond offerings from several major private credit firms have continued to attract strong demand despite broader concerns about the sector.

That resilience stands in contrast to developments elsewhere in private credit.

After a fundraising boom during 2024 and 2025 that brought more than $60 billion into BDCs, investor enthusiasm began cooling in early 2026. Industry data show retail sales of new BDC shares fell approximately 40% during the first quarter compared with the same period a year earlier.

Several so-called evergreen funds—semi-liquid investment vehicles designed for individual investors—have also encountered significant redemption pressure.

These funds typically limit quarterly withdrawals to approximately 5% of assets, and some managers have been forced to restrict redemptions after requests exceeded those limits.

Blue Owl Capital was among the firms that capped withdrawals after investor redemption requests substantially surpassed available liquidity.

At the same time, credit conditions have become more challenging.

In March, Morgan Stanley strategist Joyce Jiang warned that private credit default rates could approach 8%, significantly above historical averages. Some industry observers argue that actual stress levels may be even higher when distressed restructurings are included alongside formal defaults.

The rising number of troubled loans has intensified debate over whether the private credit boom has entered a more difficult phase.

Supporters of the industry argue that the concerns may be overstated.

Most private credit loans are structured as senior secured debt, meaning lenders are first in line to recover money if a borrower encounters financial trouble. That position generally provides greater protection against losses than unsecured lending.

Industry participants also note that redemption limits are functioning exactly as intended by preventing forced asset sales during periods of market stress.

Neuberger Berman and other managers have argued that recent redemption restrictions reflect prudent liquidity management rather than underlying portfolio weakness.

Institutional investors appear to agree.

Unlike retail investors, pension funds, insurance companies and large institutions typically invest with longer time horizons and are less likely to react to short-term market volatility. Their continued support has helped sustain demand for private-credit-related debt even as retail sentiment has weakened.

Still, competition for investor dollars is increasing.

As concerns surrounding private credit have grown, some investors have shifted assets into traditional publicly traded bond funds that offer daily liquidity, transparent pricing and attractive yields without multi-year lockups.

Asset managers including Pacific Investment Management Company (PIMCO) and Janus Henderson Group have actively promoted those advantages as investors reassess their options.

For businesses, the outcome matters.

Private credit has become a major funding source for thousands of small and midsize companies that may struggle to secure financing through traditional banks. If capital inflows slow significantly, borrowing costs could rise and financing could become harder to obtain, potentially affecting expansion plans, hiring decisions and investment activity.

That is why continued demand for BDC bonds remains important.

As long as investors keep buying the debt issued by private lenders, those firms can continue raising capital and extending loans to businesses across the economy.

The result is a market sending mixed signals.

Retail investors are pulling back. Redemption requests are climbing. Default concerns are growing.

Yet institutional investors continue committing capital, and bond buyers continue funding private lenders.

The private credit industry faces one of its biggest tests since its rise to prominence, but for now, investors purchasing its bonds still appear convinced that the asset class remains worth the risk.

JBizNews Desk — Markets

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The annual Tel Aviv Pride Parade began on Friday morning, beginning at 11 p.m. on Shalag Street, near Gordon Beach, with the route passing along the city’s promenade before ending at Charles Clore Park.

Tel Aviv’s mayor, Ron Huldai, announced at the start of the march that it “represents exactly how all of Israel needs to look – equal, inclusive, and loving.

“The city of Tel Aviv-Yafo is a warm home for all the communities that live there and is proud to be a groundbreaking city in relation to the LGBT community and a global source of inspiration, and we will march again this year to continue the struggle for full equality for every citizen,” he added.”

Opposition leader Yair Lapid posted a message in support of the LGBT community on X/Twitter as the parade began.

“As long as “homo” or “trans” is a curse in schools, as long as a lesbian walks the streets feeling unsafe, as long as there is a girl or boy who are afraid to come out of the closet – we have a duty to change reality for them,” he wrote.

“LGBT – be proud. You have reason to. I’m with you.”

Chen Arieli, deputy mayor of Tel Aviv-Yafo and chair of the Israel Gay Youth society, also spoke ahead of the Pride Parade, saying that this year more than ever it served as a reminder that achievements should not be taken for granted.

“In days when some seek to weaken democracy, violate human rights, and repeatedly mark different groups in society as internal enemies, the Pride Parade is a clear civic declaration for a strong democracy in Israel,” she stated.

“The LGBTQ+ community has fought for decades to secure basic rights, recognition, and safety. This struggle has never been only about LGBTQ+ issues. It has always been a fight over the character of Israeli society as a whole. This year we also march for those still waiting for full equality, for young people seeking a safe place to be themselves, for families still fighting for recognition, and for a country where no one should fear because of who they love or who they are.

“Pride is the choice to be seen, to speak out, and to fight for a better future,” Arieli concluded. “Tomorrow we will march in pride, remember the journey we have shared for the rights already won, and continue marching until equality becomes a reality for everyone.”

Democrats MK Rabbi Gilad Kariv announced that he, along with other representatives from the Democrats party, was at the parade.

“Standing proudly in front of the Kahanists. Standing proudly in front of the homophobes. And standing proudly in front of the cowards,” he wrote on X/Twitter. “Come march with us for equality, tolerance, democracy, and peace.”

Tel Aviv's beaches decorated with pride flags ahead of the annual Tel Aviv Pride Parade. (credit: AVSHALOM SASSONI)

Police on high alert as planned attack against LGBT community averted

Israel Police announced that over 1,000 police officers, undercover and Border Police officers, and volunteers will be deployed throughout the event to ensure the safety and security of all participants. Special units, including the Israel Police’s air and maritime units, will also be deployed.

As the event began, police announced that they had averted a planned attack against the LGBT community, arresting a 37-year-old suspect in Haifa.

“They were destroyed once, it’s about time they were destroyed again,” the man had written on social media. “Sick people, disgusting.”

Police sources said security plans for the event were developed in coordination with production parties, the Tel Aviv-Yafo municipality, MDA, and others.

As part of this, police have said that the entry of two-wheeled vehicles of any kind, weapons, glass bottles, alcohol, and animals (except for guide dogs in training or on duty) to the parade and the party at Charles Clore Park will be prohibited.

Police close roads for Pride event

Police have closed off roads throughout Tel Aviv to accommodate the event, Israeli media reported.

Earlier this week, police announced which roads would be closed, including: 

Rokach Boulevard: westbound, starting at Ibn Gabirol Street.

Hayarkon Street: southbound, starting at Jabotinsky Street, and northbound from Yosef Halevi Street to J. L. Gordon Street.

Herbert Samuel Street: southbound from Shalag Street to Yehezkel Kaufman Street, including service roads.

Yehezkel Kaufman Street: northbound from Eilat Street to Yosef Halevi Street.

Nahum Goldmann Street: northbound from Eilat Street to Yosef Halevi Street, and from Yossi Carmel Square (Clock Square) to Kaufman.

Eilat Street: westbound from Eliphelet Street.

Eliphelet Street: northbound from Derekh Shalma.

Derekh Shalma: westbound from Eliphelet Street.

Mapu Street: from Yeho’ash Street to Hayarkon Street.

Frishman Street: from Dizengoff Street to Herbert Samuel Street.

Trumpeldor Street: from Ben Yehuda Street to Herbert Samuel Street.

Ness Ziona Street: from Ben Yehuda Street to Hayarkon Street.

Ge’ula Street: from HaKovshim Street to Herbert Samuel Street.

Nechemiah Street: from HaKovshim Street to Herbert Samuel Street.

Carmelit Street: from HaKovshim Street to Hayarkon Street.

Israel Police added that additional streets may be closed during the event to ensure it can take place safely.

It added that no parking will be allowed along the parade route and recommended using public transportation.

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The FIFA World Cup 2026  is expected to be the most carbon-intensive World Cup ever staged, an analysis by Good Vision suggested ahead of the opening ceremony on June 11.

Good Vision is a part of the global Grant Thornton network, specializing in sustainability and corporate responsibility.

They estimate that the 2026 World Cup will produce a carbon footprint of approximately 3.7 million tons of CO2e, while the 2022 World Cup in Qatar was estimated to produce 3.63 million tons, and the tournaments in Russia (2018) and Brazil (2014) were responsible for around 2.16 and 2.72 million tons, respectively.

The analysis suggests that this World Cup alone could account for nearly a third of the annual global carbon emissions associated with soccer.

According to the report, the increase in carbon emissions is a result of the unprecedented expansion of the tournament, from 32 to 48 teams, which increased the number of matches from 64 to 104. Additionally, the tournament is being staged across three different countries, Canada, the US, and Mexico – a first in World Cup history.

This means that teams and fans will have to travel extensively between host cities throughout the competition, further increasing carbon emissions.

Stadiums launch sustainability initiatives

Despite this troubling data, there are also positive steps being taken by both FIFA and host venues towards sustainability.

SoFi Stadium in Los Angeles, for example, incorporates passive cooling technologies based on natural airflow and a specialized ETFE roof that reduces direct solar heat gain by approximately 86%, significantly lowering energy demand and reducing the need for artificial lighting during daytime matches.

Additionally, several venues have achieved some of the highest waste-diversion rates in professional sports, redirecting 90+% of waste to composting and recycling rather than landfills.

Good Vision notes that these measures are unlikely to significantly offset the increase in carbon emissions, adding that many stadiums in the US and Canada that typically use artificial turf have switched to water-intensive natural grass for the World Cup, which will require tens of thousands of liters of water per day, including in water-stressed regions.

Ivri Verbin, CEO of Good Vision, explained, “The 2026 World Cup highlights one of the defining contradictions facing global sports today. On the one hand, we are seeing greater investment in green technologies, recycling systems, and waste-reduction initiatives. On the other hand, the continued expansion of major tournaments – more matches, more host countries and more flights – is driving carbon emissions to unprecedented levels.”

“You cannot continue expanding tournaments, increasing air travel, and adding more host cities while simultaneously claiming a commitment to climate goals. At some point, the numbers simply stop adding up.”

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The Florida-based medical marijuana operator becomes the first American cannabis company that grows and sells marijuana to trade on a major U.S. stock exchange, marking a milestone years in the making for the industry.

A U.S. marijuana company traded on the floor of the New York Stock Exchange for the first time on Wednesday, June 10, 2026, as Trulieve Cannabis Corp. began trading under the ticker TRLV.

The Tallahassee, Florida-based company became the first American “plant-touching” cannabis operator—one that directly cultivates, processes and sells marijuana—to secure a listing on a major U.S. stock exchange.

The achievement represents a breakthrough for an industry that has spent years seeking broader access to public capital markets.

“As the first U.S. cannabis company to list on a major U.S. exchange, we are excited,” said Kim Rivers, Trulieve’s founder and chief executive officer, in announcing the listing.

Rivers said the move is expected to expand the company’s shareholder base, improve market visibility and increase awareness of the medical cannabis industry.

Prior to the NYSE listing, Trulieve traded over-the-counter under the symbol TCNNF and on the Canadian Securities Exchange, where it has been listed since 2018.

For years, major U.S. exchanges largely prohibited listings by American cannabis companies because marijuana remained classified as a Schedule I controlled substance under federal law.

That classification placed marijuana alongside drugs considered by the federal government to have no accepted medical use, creating significant legal and regulatory obstacles for companies directly involved in the cannabis business.

As a result, most U.S. cannabis operators were forced to raise capital through Canadian exchanges or over-the-counter markets, which generally offer lower trading volumes and reduced access to institutional investors.

The regulatory landscape changed this spring.

In April 2026, Acting Attorney General Todd Blanche announced the reclassification of medical marijuana to Schedule III, a category reserved for substances recognized as having accepted medical uses and a lower potential for abuse.

The move created a pathway for state-licensed medical marijuana businesses to register with the Drug Enforcement Administration (DEA) and potentially qualify for listing on major U.S. exchanges.

Trulieve still needed to restructure its business to meet listing requirements.

Because only medical marijuana was rescheduled, the company separated its adult-use recreational cannabis operations into a distinct entity. Through a third-party investment arrangement, Trulieve fully deconsolidated its recreational business, leaving the publicly traded company focused exclusively on medical marijuana.

While Kim Rivers continues to maintain control over the recreational operation, its financial results are no longer included within the NYSE-listed company.

The remaining medical cannabis business remains substantial.

Trulieve operates 206 state-licensed dispensaries and approximately 3.5 million square feet of DEA-registered cultivation and production facilities. The company is also one of the dominant players in Florida’s medical marijuana market, where it is estimated to control between 30% and 40% of statewide medical cannabis revenue.

Investors responded positively to the listing.

Shares initially rose about 4% during Wednesday morning trading before moderating later in the session. The larger market reaction came after the June 5 listing announcement, when Trulieve shares surged approximately 20%.

The stock is now up roughly 38% in 2026.

The broader cannabis sector has also benefited.

The AdvisorShares Pure US Cannabis ETF (NYSE: MSOS), one of the industry’s most widely followed exchange-traded funds, recently reached its highest level of the year. Trulieve represents approximately 30% of the fund’s holdings.

For individual investors, the NYSE listing significantly simplifies access.

Investors can now purchase Trulieve shares through traditional brokerage accounts, retirement accounts and popular investing platforms without navigating over-the-counter markets or Canadian exchanges.

Industry competitors are already positioning themselves to follow.

Curaleaf Holdings announced a 1-for-3 reverse stock split in late May, while Verano Holdings implemented a 1-for-5 reverse split, moves widely viewed as preparation for potential uplistings if regulatory conditions continue to improve.

Curaleaf has cautioned, however, that additional regulatory clarity will still be necessary before a listing can move forward.

Meanwhile, Canadian cannabis companies including Tilray Brands, SNDL, and Canopy Growth have long traded on major U.S. exchanges because they operate under Canada’s federally legal cannabis framework rather than directly touching U.S. marijuana operations.

Additional regulatory developments could arrive soon.

Industry participants are closely watching a DEA hearing later this month that could further reshape federal cannabis policy. The move to Schedule III also offers another major benefit: relief from certain federal tax rules that have historically imposed heavy burdens on cannabis businesses.

Lower tax costs could significantly improve profitability across the industry.

Industry advocates view Trulieve’s listing as a turning point.

Michael Bronstein, president of the American Trade Association for Cannabis and Hemp, said U.S. cannabis companies have long argued they deserve the same access to capital markets available to international competitors.

With Trulieve now trading on the New York Stock Exchange, that argument is finally being tested on Wall Street.

JBizNews Desk — Markets

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Federal prosecutors are investigating whether some of America’s largest banks improperly closed customer accounts based on political beliefs, affiliations, or lawful business activities.

Federal prosecutors have opened a criminal investigation into whether some of the nation’s largest banks cut off customers because of their political views. The probe became public on Wednesday, June 10, 2026, when people familiar with the confidential matter said the U.S. Attorney’s Office for the District of Columbia, led by Jeanine Pirro, had issued subpoenas to several major lenders, including JPMorgan Chase, Bank of America, and Wells Fargo.

The subpoenas, some dating back to last year, seek lists of customers whose accounts were closed and records explaining the reasons for those closures. Prosecutors are examining whether the decisions were standard business actions or whether customers were targeted because of their political views, affiliations, religious beliefs, or industries in which they operate.

JPMorgan Chase did not immediately comment. Bank of America and Wells Fargo declined to comment.

At the center of the investigation is a practice known as “debanking,” in which a financial institution closes an account or declines to provide banking services. For individuals and businesses alike, losing access to banking services can create serious disruptions, affecting payroll, bill payments, deposits, financing, and everyday operations.

According to people familiar with the matter, prosecutors are reviewing whether any account closures violated federal law, including the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). The statute is commonly associated with bank fraud investigations but is also attractive to prosecutors because it provides a broad enforcement framework and a ten-year statute of limitations.

That timeline would allow investigators to review account closures dating back to the period following the January 6, 2021 Capitol riot, when some financial institutions reassessed relationships with politically exposed clients and organizations.

The investigation represents the most significant escalation to date in a broader debate over whether financial institutions have unfairly denied services to customers based on political considerations.

President Donald Trump has repeatedly accused major banks of refusing to do business with him following his first term in office. He publicly raised the issue with Bank of America CEO Brian Moynihan during the World Economic Forum in Davos in early 2025.

In August 2025, Trump signed an executive order titled “Guaranteeing Fair Banking for All Americans,” directing federal agencies to investigate allegations of politically motivated debanking and refer potential violations to the Department of Justice.

Much of the government’s initial review was conducted by the Office of the Comptroller of the Currency (OCC), which supervises the nation’s largest national banks. According to reports, the OCC found preliminary evidence that some institutions had imposed restrictions on certain customers in the past.

Notably, the regulator reportedly did not formally refer the matter to the Justice Department. That makes the criminal investigation unusual, as prosecutors appear to have moved forward independently rather than acting on a formal regulatory recommendation.

The banks involved have consistently denied closing accounts because of politics or religion.

JPMorgan Chase has publicly stated that it does not close accounts based on political or religious affiliation. Banking industry representatives argue that account closures are typically driven by anti-money-laundering requirements, sanctions compliance obligations, fraud concerns, or other regulatory risk-management considerations.

That defense highlights one of the central questions facing investigators.

Federal civil-rights laws prohibit certain forms of discrimination, particularly in lending. However, banks generally maintain broad discretion over whom they choose to serve, and regulatory requirements sometimes compel institutions to terminate relationships viewed as high-risk.

Critics of the investigation argue that banks are being scrutinized for complying with the same federal regulations that require extensive customer-risk monitoring.

The outcome could have major implications for several industries that have long struggled to maintain banking relationships.

Cryptocurrency companies, cannabis businesses, firearms-related businesses, political organizations, advocacy groups, and certain nonprofit entities have frequently argued that they face heightened scrutiny from financial institutions. A determination that some account closures were unlawful could reshape how banks evaluate customer risk and could lead to significant changes in compliance policies across the industry.

Meanwhile, regulators have already begun adjusting their guidance.

Earlier this month, the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) jointly removed references to “reputation risk” from supervisory guidance. Critics had argued that the standard allowed banks to deny services to lawful businesses simply because they were politically controversial or carried public-relations risks.

For now, the investigation remains in its early stages.

Subpoenas are requests for information and do not indicate wrongdoing. No bank has been charged with a crime, and prosecutors have not publicly alleged that any institution violated federal law.

Still, the probe signals that federal authorities intend to test a question that has increasingly moved from political debate into legal scrutiny: when a bank decides to close an account, where is the line between legitimate risk management and unlawful discrimination?

JBizNews Desk — Washington

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

Israel waged the Six Day War in June 1967. The 12-Day War with Iran in June 2025. And now, in 2026, the 12-hour war. Again with Iran. Again in June.

To help make sense of what happened, what the country experienced, and what it means going forward, it is useful to look at other examples.

In a Jerusalem Institute for Strategy and Security Zoom briefing this week, former National Security Council head Yaakov Amidror and Eran Lerman, a former senior NSC official, turned to two seemingly unlikely examples: North Korea and Google.

No free lunch for Israel

First, Google.

The week’s events made it clear to everyone in Israel that there is no free lunch. US President Donald Trump’s support for Israel – the steps he has taken across the board over the years to assist the country – is not without a cost. And the cost is that he gets a say, a big say, in what Israel can and cannot do.

Never has Israel had a more supportive president in the White House. That’s the upside. The downside? Never has Israel been so dependent on a US president.

And this is where Google comes into play.

Amidror said that he has two friends with startups in which Google decided to invest. Both welcomed the partnership.

But after a year, both realized that when Google is your partner, Google has something to say about how the company is run. Amidror said one of his friends disliked the arrangement and decided to sever the partnership and continue on his own.

The other chose to stay with Google and figure out how to work with its input.

“If someone thinks that when Google is your partner, you can neglect Google, I think they are making a big mistake,” Amidror said.

“But you have to make a strategic decision. Do you want to continue with Google and have some flexibility here, or do you say, ‘Okay, I’ll continue alone without Google?’”

Amidror said that when he posed that question to other friends, they all gave the same answer.

“All my friends told me that if they had to make the decision, they would stay with Google. This is the situation of Israel today. We are with Google, and we have to take into consideration that Google is our partner.”

The US, to carry the metaphor, is Israel’s Google. As a result, it will have a say in how we run our startup.

At times, that smarts. At times, it is frustrating. At times, it limits your ability to make fully independent decisions. 

But it also carries enormous benefits – benefits that should not be overlooked in a moment of frustration over interference by the larger partner.

Keeping the bigger picture in mind

IT IS ALSO important to keep the bigger picture in mind. And what is the bigger picture? Iran’s nuclear capabilities.

Prime Minister Benjamin Netanyahu often boasts that he has been sounding the alarm about Iran’s nuclear program for more than 30 years. And he has. It has been his top priority.

When history is written a hundred years from now, one of the defining elements of Netanyahu’s legacy will be his efforts to prevent Iran from obtaining a nuclear weapon.

That remains his overriding priority. Hezbollah, the Houthis, Hamas – all of that is secondary. What is key, what is essential, is preventing Iran from getting the bomb.

Then along comes Trump and says, “I’m almost there. I’m just a step away from getting the Iranians to concede on the nuclear issue in negotiations. The military pressure, the economic pressure, it’s having an effect, and soon they will give it up in talks.”

Do you believe him – a president who has declared peace where there is no peace, victory where there is no victory, and the destruction of Iran’s military capabilities when they clearly still possess them? Maybe not.

But remember: he is Google, and Google has a say.

Why Netanyahu bends to Trump’s demands

This is why Netanyahu deferred this week to Trump’s wishes and did not carry out the type of attack Israel had reportedly planned for Iran on Monday after the Iranian regime fired 11 ballistic missiles at Israel. Trump said stop shooting, and Israel – and Iran – stopped shooting.

Why?

To give those negotiations a chance.

Trump, being Trump, cast this in terms of his own omnipotence – at least when it comes to Netanyahu.

Netanyahu, he has repeatedly suggested over the last few weeks in various forums and in various ways, will dance obediently to his tune.

“He’s fine. He will do whatever I want him to do. He’s a very good man,” Trump told reporters on May 20.

On Sunday, he told the Financial Times: “I call all the shots. He doesn’t call the shots.”

And on Tuesday, he told the BBC: “If I tell him to do something, he does it.”

Those quotes will inevitably be trotted out by Netanyahu’s political opponents during the upcoming election campaign as evidence that the prime minister is Trump’s poodle and puppet.

The widespread assumption, at least until recently, was that Netanyahu was Trump’s preferred candidate. If that is the case, doesn’t Trump realize that remarks like these could be politically toxic?

Perhaps. But Trump, too, has domestic political considerations.

According to Lerman, Trump has been stung by accusations from the Tucker Carlson wing of the MAGA movement that Netanyahu dragged him into the war with Iran.

Comments such as “If I tell him to do something, he does it” need to be seen in the context of rebutting the charge, increasingly common in some US circles, that the Iran episode is a classic case of the tail wagging the dog.

While Lerman said Trump has been “quite decisive” in shutting down the anti-Israel and antisemitic elements of the MAGA landscape, he added that the president is nevertheless “affected by the music and has responded to it.”

Which brings us to North Korea.

“One of the best examples of bad diplomacy in modern history is the success of North Korea in becoming a nuclear power,” Amidror said.

One reason the US did not use force to stop North Korea, he argued, was South Korea’s adamant opposition.

And why was South Korea opposed?

Because of the fear that, in the event of a US attack, North Korea would unleash devastating force against Seoul, which sits only 60 km. from the Demilitarized Zone. 

The North Koreans have thousands of artillery pieces and rocket launchers dug into the mountains along the border that, South Koreans feared, could be used in a massive retaliatory barrage on the capital. So they forcefully urged the US not to strike.

Iranians learned ‘hostage strategy’ from North Korea

The Iranians have learned more from the North Koreans than just how to build missiles. They have also learned the value of this “hostage strategy.”

IRAN IS effectively holding the Gulf states hostage in much the same way North Korea held Seoul hostage – not only deterring overwhelming American action but also helping persuade Washington to limit Israel’s attacks.

“The Iranians are slowly building this same dynamic in the Gulf,” Amidror said. “What they are saying clearly is, ‘If you do something to Iran, we will destroy the Gulf countries.’

“Under the table, these countries are saying to the Americans: ‘If you are going to take action, do it to the end. Finish this regime. Destroy its capabilities totally. But if you don’t finish the job, don’t put us – the Gulf countries – in a very dire situation. Because if you go halfway, at the end of the day we will pay the price.’”

The Iranians have succeeded in creating a “coercive situation” in the Gulf because the Americans are not ready to go the extra mile and totally destroy Iran’s capabilities, Amidror said.

Lerman, trying to make sense of Trump’s often contradictory rhetoric – one day talking about obliterating Iranian civilization, the next about meeting the new Iranian leader – offered a riff on the well-known saying by the ancient Chinese strategist Sun Tzu: “Know thyself and know thy enemy, and you will not lose a hundred battles.”

The Trump version, he said, is: “If you don’t know what you’re doing, the enemy doesn’t either.”

That said, Lerman added that Trump has shown a determination to prevent Iran from becoming a nuclear state. And that, too, may stem from North Korea.

“The experience of trying to get Kim Jong Un to give up on his nuclear project during Trump’s first term – and failing – has taught him that these kinds of regimes have to be stopped before they have the bomb,” he said.

“And on this, I think he’s been very consistent. Either they actually give him something distinctly better than the deal [then-president Barack] Obama struck, or we may go back to square one.”

Meaning, back to a full-scale war.

Whether Trump is right about the negotiations is anyone’s guess. What this week demonstrated, however, is something else entirely: that Israel’s strategic dependence on the US is now so deep that when the president says stop, Israel stops.

That may be frustrating. It may even be uncomfortable and humbling.

But, as Amidror’s start-up story illustrated, that is the price of having Google as your partner.

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The passenger terminal of Hamburg airport in northern Germany was evacuated on Friday after a security incident, and all passengers must undergo security screening again, the airport and police said.

“Flights are currently unable to depart, but arrivals are proceeding as scheduled. Please contact your airline,” the airport said on its website.

A man pressed an emergency button that opens escape routes, gaining unauthorized access to the security area, a federal police spokesperson said.

 This is a developing story.

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Hamas co-founder Hassan Yousef, 71, was released from Israeli administrative detention on Thursday, Yousef’s son Owais confirmed to local and international media on Thursday night.

In addition to his son’s confirmation, Hamas released an official statement confirming that Yousef had been released, congratulating him and his family, and mentioning that he had spent more than 20 years in prison, cumulatively. Before his most recent detention, he was released in July 2020 after 16 months in prison

After having been detained most recently since October 2023, Yousef was reportedly released near Hebron and taken directly to a hospital in Ramallah. Media reports indicated that he was not given a trial and therefore not charged with anything during this latest detention and release. 

‘I can’t sleep because of the pain’

Footage reviewed by Agence France-Presse (AFP) appeared to show Yousef lying in a hospital bed with one arm in a sling; the source of his injury is not publicly known, according to the media outlet. The footage also reportedly captured Yousef telling loved ones, “I can’t sleep because of the pain.”

Yousef is a senior leader of Hamas in the West Bank, a report from the AFP noted, having co-founded the group in 1987 along with Sheikh Ahmed Yassin and other Palestinian members of the Muslim Brotherhood.

He is also the father of Mosab Hassan Yousef, who wrote a book titled Son of Hamas in 2010, and has rallied against the terror group since defecting in the 1990s. Yousef worked with Israeli counter-intelligence and helped the Mossad in various operations – including incarcerating his own father

James Genn contributed to this report.

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Israeli and Palestinian civil society groups will meet in France on Friday to urge the international community not to abandon a two-state solution, as Paris seeks to keep the issue alive amid the Middle East war.

The meeting, attended by foreign ministers and senior officials from dozens of countries, marks one year since the UN-backed New York Declaration, which set out a roadmap toward Palestinian statehood and prompted around a dozen countries, including France, Britain, and Canada, to recognize a Palestinian state.

“Given the current situation in the region, marked by seemingly endless conflicts, too many civilian casualties and a cycle of violence, and in light of the stalled implementation of the Gaza ceasefire … we believe this conference is now more essential and urgent than ever,” France’s Foreign Ministry spokesperson told reporters on Thursday.

The gathering will end with an eight-point “Call for Action” urging a permanent ceasefire, a halt to settlements, Gaza reconstruction, governance reforms and stronger international backing for civil society.

It will be delivered to the G7 leaders who meet in the French Alps from Monday.

“The region continues to fracture. Gaza is devastated, Israel remains under threat. Settler terrorism, settlement expansion, and de facto annexation and threats to the Palestinian Authority continue to undermine the viability of a future Palestinian state,” according to the action plan seen by Reuters.

“Israelis and Palestinians alike remain trapped in fear, insecurity, and trauma. We return because, as the G7 convenes in Évian, this conflict risks once again being set aside. The window for a solution remains open; but it is narrowing.”

Anger in the West over settler violence

The conference comes amid escalating violence by Israeli settlers in the West Bank and underscores anger in many Western countries toward Prime Minister Benjamin Netanyahu’s government, which has expanded settlements.

Diplomats say that expansion is aimed at undermining prospects for a Palestinian state.

A key concern is Israel’s plan to build a settlement east of Jerusalem, known as the E1 project, which would bisect the West Bank and cut it off from east Jerusalem, fragmenting territory Palestinians seek for an independent state.

Britain, Canada, France, and Norway announced new coordinated sanctions on Tuesday against Israeli networks involved in financing, enabling, and carrying out violence in the West Bank.

Israeli ambassador says conference ‘has nothing to do with promoting peace’

Israel and the United States declined to attend the meeting.

“The ambassador was invited but will not attend the conference, as it has nothing to do with promoting peace,” the Israeli embassy said in a statement.

“France cannot act as a mediator between Israel and the Palestinians. Regarding the two-state solution, the ambassador recalls that the Palestinians have rejected proposals to establish a Palestinian state on five occasions.”

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Dogecoin’s (CRYPTO: DOGE) official X account marked the start of the FIFA World Cup on Thursday by posting images of Shiba Inu dogs in national team jerseys.

DOGE Goes Woof-A!

The image featured three adorable canines on a soccer field, sporting U.S., Japan, and England jerseys.

“Drop ur flag so we know which country got the most shibes,” the X handle urged as it attempted to map Dogecoin supporters worldwide.

Replies showed diverse flags from countries, including Brazil, Mexico and Canada, suggesting DOGE’s broad worldwide fanbase.

In fact, one user, MrGoldRobe.eth, declared …

Full story available on Benzinga.com

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MK Tally Gotliv (Likud) launched a broad attack against those predicting her ouster, the top ranks of the defense establishment, and the prosecution, in an interview with 103FM on Thursday. In the process, she clashed directly with the program host, Sivan Cohen.

Gotliv was unimpressed by Amit Segal’s report on Prime Minister Benjamin Netanyahu’s intention to cancel the Likud primaries, saying that he was “diminishing the leadership strength of the Prime Minister.”

“You think he doesn’t want strong people around him,” she added. “I really haven’t lowered my head, I haven’t turned the Prime Minister’s circle into my own environment. The only thing driving me is the Prime Minister.

“I have news for Amit Segal – there will be primaries. No court will help; primaries are the pride of the Likud party. I understand this really bothers you. Oh woe, right‑wing Tally Gotliv, the one who thinks terror supporters shouldn’t be in the Knesset, the one who thinks there’s a narrative of harming Jews in the West Bank,” she said.

Gotliv also said that Netanyahu wants her “very, very much.”

“You can count on one hand the denials Netanyahu has issued about media reports. When was the last organized denial from his office? When Amit Segal reported that Netanyahu and Yariv Levin had spoken and said I was weakening Likud, the Prime Minister’s Office issued a denial. Do you know what poll the Prime Minister conducted regarding me? How much am I worth? Thank God, I’m worth five seats. I don’t want to be worth five seats.”

“The Prime Minister cannot cancel the primaries; this is not his decision,” Gotliv emphasized. “We are not a one‑man party. I am not part of that; we have an excellent leader and a great party. Netanyahu is not leaving; he’s with us as much as he can. Leadership took us from crisis and low points to control. The primaries will not be canceled; it cannot be the Prime Minister’s decision. There will be primaries in Likud. If you want to see what happens without primaries, just look at the ‘Ein Atid’ (No Future) party. We are a democratic party; we don’t bow our heads to the chairman.”

Gotliv called Likud an “excellent party,” saying that she was not involved in “this low-level gossip.” 

“I know what political persecution is,” she said. “The fact that an indictment is filed leaves no impression on me. An indictment against right‑wing individuals is political persecution. To the dismay of leftists, the corrupt prosecution leadership chasing us this week in the Knesset committee, people were shocked to hear what was said. Right‑wing people are smart; the right will continue to govern despite the scheme to weaken, suppress, and stir pessimism on the right. Likud will remain in power, and the only way to do so is through primaries.”

Gotliv defends ‘Bild’ leak affair

Later in the interview, Gotliv defended the Bild case, saying that the leaking of secret documents to the German newspaper was “one of the most important things that cut through Hamas’s glorification in the world, which was taking place under the guise of protests here in Israel.”

“‘The Prime Minister does not kill hostages,’ ‘The Prime Minister does not want hostage deals,’” she said the protesters claimed. “The document, which was held by the army and should have been transferred to the Prime Minister, stated: we will not release hostages. That’s what the document says. So the fact that Amit Aisman says revealing the document harms state security – I didn’t know that cutting off the enemy’s glorification is harming state security. Fortunately, they said about Amit Aisman that he doesn’t know and it’s unclear how he chooses the offenses.”

Cohen couldn’t contain herself, interjecting with “I’m letting you speak, but I’m exploding inside. As someone who established the Hostages Forum, listen, what you just said is a disgrace and shame. Any connection between reality and what you say is humiliating. Bild didn’t harm the hostages? I was in the meetings.”

Gotliv did not back down, saying, “The German Bild document says not to release hostages, not to carry out hostage deals. Why wasn’t this revealed to the people of Israel? Bild published it, revealing the truth; this is Hamas’s stance and strategy.”

“You claim that security officials betrayed and allowed October 7,” Cohen replied. “Zini, the Shin Bet chief appointed by Netanyahu, openly said there was no betrayal.” 

Cohen also tried to de-escalate, saying, “Tali, don’t get angry, let’s speak nicely.”

Gotliv remained firm, saying she would not speak nicely with Cohen because she was “weakening the nation.”

“You have no courage to face reality,” she argued. “The top ranks of Shin Bet and the IDF did not update the Prime Minister on signs indicating war; their excuse after three years was fear of miscalculation. What does that mean? The top Shin Bet ranks are responsible for harming the system. I don’t see leadership before me; I don’t care how eminent or big a person is.”

October 7 investigation needs IDF soldiers involved, MK says

“So who can investigate the biggest disaster since the Holocaust? You don’t trust Esther Hayut to lead the committee? Who can head the committee?” Cohen asked the MK.

Gotliv offered an alternative: “In a state investigation committee, we won’t know the truth. The people can lead the committee. We want a national inquiry. I want people from the army, up to lieutenant colonel rank, who were in the field; I want intelligence from Unit 8200, the materials that raised warnings, what happened, and what they did with them. I don’t want a Supreme Court judge like Isaac Amit, who said there’s no such thing as insubordination; I want someone to investigate and tell me how Shin Bet did not prevent insubordination and calls for disobedience like ‘Brothers in Arms.’”

Cohen pressed Gotliv, asking her, “Why don’t you waive your immunity and confront reality? You have immunity, and you’re disregarding everyone and harming state security, putting private individuals at risk targeted by terror organizations.”

Gotliv replied, “Do you know why I can’t reveal everything? Who signed the certificate of immunity? Israel Katz. All the materials are classified; you will never know them.”

“Remove the immunity, remove it, you know how to deal with these matters,” Cohen responded sarcastically.

Gotliv concluded sharply: “I don’t need your compliments. Don’t belittle me, you’re really on the edge of a kind of misogyny that doesn’t suit you. I have immunity under the law. Why? Not to harm an anonymous person, not me, I don’t harm anonymous people, not to take bribes; the Prime Minister was the one who suspected Shikma Bressler’s partner.”

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NATIONAL HARBOR, Md. — At this week’s annual meeting of hospital finance leaders, the exhibit hall was packed with dozens of billing and collections companies. Armed with candy, tote bags, and pens, they smiled at passersby, eager to explain why their tactics would extract the most money from health insurers. 

The sheer number of “revenue cycle” vendors who attended the Healthcare Financial Management Association’s annual conference in Maryland — outnumbering even the hospital attendees, according to a list shared by an organizer — was a visible reminder of the enormous industry built around just paying medical bills. 

The U.S. health care industry spends roughly $200 billion annually on financial transactions: claims processing, payment, collections, and prior authorization. And yet the proliferation of billing vendors seemed to clash with the main theme of HFMA’s conference, affordability, spotlighting the need to simplify the billing process so that health care is less costly and more accessible for patients. 

Continue to STAT+ to read the full story…

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Ebola can be called the disease of compassion: It “spreads through acts of care” like tending to a sick loved one and burying those who died of the disease. It is also a disease in which mistrust, misinformation, and fear run rampant, leading to attacks on health care facilities and frantic efforts to recover bodies of Ebola victims.

Religious and traditional leaders, who oversee burial and funeral rites, are often the most trusted voices in their communities. They need to be engaged immediately as the Ebola outbreak spreads rapidly in the Democratic Republic of the Congo and Uganda.

Read the rest…

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Childhood leukemia, a likely death sentence when I was a medical student, is now survivable for most children. Cancer immunotherapy is extending life for many who would have died a decade ago. New technology is letting us repair genetic diseases at their source. The same American scientific research enterprise that produced these breakthroughs also gave us GPS, the modern semiconductor, and the early architecture of the internet.

All of it came out of an American research enterprise that the federal government is now proposing to fundamentally rewire for no good reason.

Read the rest…

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America has made a promise to its veterans. Their service will be honored not just in words, but in how they live long after they return home. Yet much of the national conversation around veteran housing remains focused on homelessness and affordability, while less attention is paid to whether aging veterans can safely remain in the homes they already have. 

Across the country, many veterans are living in homes that no longer meet their physical needs. Without the ability or financial resources to make essential repairs or accessibility modifications, veterans may be forced out of otherwise stable housing. 

If policymakers want to address housing instability more comprehensively, they must expand the definition of “housing policy” to include preservation, accessibility and aging in place. 

The reality of changing needs

According to a 2023 AARP survey, most veterans say it is important to remain in their homes if they need long-term care. Yet more than a quarter say they would need financial assistance to make that possible. Among veterans age 45 and older, nearly half report needing bathroom modifications. These are not cosmetic improvements. They are modifications that can affect whether someone is able to live safely and independently at home. 

For veterans living with mobility challenges or service-connected disabilities, unmet repair and accessibility needs can make everyday living much more difficult. Homes that lack accessibility features or are deteriorating may no longer meet residents’ physical needs as they age, placing additional pressure on families, caregivers, healthcare providers and local support systems. 

Redefining housing stability policy

Remaining safely at home over time should be treated as a core component of housing stability policy. When nearly half of veterans over age 45 report needing modifications to something as essential as a bathroom, it points to a disconnect between housing policy and the realities many veterans face. 

Much of the current policy conversation remains focused on housing supply and affordability, but long-term housing stability depends on whether people can continue living safely in their homes as their needs change over time. 

Federal, state and local policymakers who place greater emphasis on housing preservation strategies will help veterans remain safely housed – strategies like expanding support for Veterans Administration housing adaptation grants, supporting home repair and accessibility programs and encouraging states and municipalities to incorporate aging-in-place considerations into broader housing policy and planning efforts. 

Policymakers could also explore stronger coordination between housing and healthcare systems. Medicare and Medicaid programs, for example, may be able to play a larger role in supporting preventive home modifications tied to health and safety needs by identifying housing-related risks earlier and connecting veterans with available assistance before challenges become severe. 

Straightforward solutions for long-term stability

In many cases, the solutions are relatively straightforward: install grab bars and accessibility ramps, widen doorways, improve lighting or repair essential home systems such as heating, plumbing and roofing. These types of modifications can help make homes safer and more functional for aging residents and people living with disabilities.

Identifying strategic, aging-in-place solutions does not diminish the importance of addressing homelessness or affordability. But focusing only on those issues overlooks a significant portion of veterans. They may not be severely cost-burdened, but they are often one preventable barrier away from losing the stability they have worked so hard to maintain. 

At its core, this issue is about whether housing policy fully accounts for the long-term needs of veterans as they age. It is about whether we honor service in a way that is tangible and sustained, and whether we ensure veterans are not only housed, but able to live safely, independently and with dignity in the homes they already have. 

Maureen Carlson is President and CEO of Rebuilding Together
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com.

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US President Donald Trump has said that he doesn’t expect Kurds to fight in Iran.

“I don’t want the Kurds to go into Iran,” he said on Saturday, apparently referring to rumors circulating last week about an Iranian Kurdish offensive underway by opposition groups based in the Kurdistan Region of Iraq. Kurdish groups have denied the rumors, saying that they were waiting. There had also been reports of contact between the Trump administration and the Kurdish groups.

Trump noted that the Kurdish fighters were willing to fight in Iran. “They’re willing to go in, but I’ve told them I don’t want them to go in… The war is complicated enough as it is… We don’t want to see the Kurds get hurt or killed.”

The American president spoke aboard Air Force One. He had recently stood on a tarmac with the bodies of six Americans returned from the Middle East when they were transferred to US soil.

It is possible that the sight of the bodies of Americans coming home has made the US president rethink where the war is going.

The Kurdish Iranian groups were thrust into the spotlight after February 28, when the US and Israel began strikes on Iran.

Kurdish groups targeted over inaccurate reports

Initially, reports had indicated that these groups were preparing to fight the Iranian regime. Within two days, reports said that the Kurdish groups were being armed by the US. It was not clear how this was possible in such a short period. Rumors about the Kurds kept growing over the following days. A false report was pushed by several major media outlets that suggested the groups had launched an offensive into Iran.

Iran has taken these reports seriously and has kept up drone strikes targeting the Kurdish groups in the Kurdistan Region of northern Iraq. The situation here is complex. There are seven Kurdish Iranian groups in Iran. Six of them have come together as a coalition against the Iranian regime.

One group, a Communist branch of the Komala party, has rejected the coalition.

The major Kurdish groups include the Kurdistan Free Life Party, the Kurdistan Freedom Party, the Democratic Party of Iranian Kurdistan, two branches of the Komala Party, and the Khabat group.

The spotlight on the Kurds has led to pushback.

Some Iranians call the Kurds “separatists.” Others argue that the Kurds could end up as cannon fodder or that it would be hard for them to take control of the Kurdish region in western Iran.

The Kurdish region in Iran is relatively small, despite the country’s eight million Kurds.

It is possible that if the Kurds were to start an uprising, it would trigger a domino effect across the rest of Iran.

Other groups in Iran don’t appear to be well-armed. There also appears to be controversy between the Kurdish groups and those backing other Iranian opposition groups, such as those backing the former shah’s son, Reza Pahlavi, the crown prince.

This controversy could divide the opposition groups. Without the spotlight on the Kurds, it’s possible that the spotlight could now move to other Iranian groups.

There are many minorities in Iran, namely the Azeris, Baloch, and Arabs. The Persian opposition in Iran generally argues that the minorities are “separatists,” which creates challenges for the US in deciding whom to back.

The Trump administration seems to be keeping most of the groups at arm’s length. However, the administration has a long experience working with Kurds. It worked with them in Syria and Iraq.

Some Kurds feel that the US walked away from them in 2017 when the Iraqi army attacked them in Iraq, as well as when the Syrian government attacked them in January 2026 in Aleppo.

As Trump changes tack, it appears that cool heads are prevailing. The Kurdish groups are waiting to see what happens. They have trained for years, but they are also cautious.

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For more than a decade, political leaders, military strategists, and sections of the media across the Muslim world have periodically revived the idea of an “Islamic NATO,” a unified military bloc of Muslim-majority nations capable of defending collective interests and confronting perceived adversaries.

Countries such as Turkey, Pakistan, and Iran have often invoked the language of Islamic solidarity, while political narratives have frequently suggested that Muslim states could one day gather under a single strategic umbrella. In many cases, the implied adversaries have been Israel and, more subtly, India.

Yet the reality of contemporary geopolitics tells a very different story. Far from moving toward military unity, the Muslim world today is fractured by ideological, sectarian, economic, and geopolitical rivalries so profound that the very notion of an “Islamic NATO” appears less like a strategic project and more like a recurring political slogan.

The strongest evidence of this failure emerged from Saudi Arabia’s ambitious attempt to create precisely such a framework. In December 2015, Riyadh announced the formation of the Islamic Military Counter Terrorism Coalition (IMCTC), initially comprising 34 Muslim-majority countries and later expanding beyond 40 members. Headquartered in Riyadh and eventually led by former Pakistan Army Chief-General Raheel Sharif, the coalition was marketed as a historic military partnership against terrorism.

Simultaneously, Saudi Arabia hosted the massive “North Thunder” military exercises in 2016, involving around 20 countries and presented as a demonstration of collective Islamic military power. However, despite the symbolism, the coalition never evolved into a coherent military alliance and remained largely confined to conferences, statements and limited coordination mechanisms. Research and policy assessments consistently pointed to the absence of integrated command structures, shared doctrines and binding defense commitments that define genuine military alliances.

Rivalries within the Muslim world

The principal reason for the failure of any Islamic NATO is that there is no agreement on who should lead the Muslim world. Saudi Arabia regards itself as the natural custodian of Islamic leadership because it hosts Mecca and Medina. Iran, meanwhile, presents itself as the ideological center of resistance politics and has long challenged Saudi Arabia’s claim to religious authority.

The Saudi-Iranian rivalry is not merely geopolitical; it is theological and civilizational. For decades, both states have competed for influence across Iraq, Syria, Lebanon, Yemen, and the wider Islamic world. Riyadh views Iran’s revolutionary ideology and Shia political networks as existential threats. Their clerics have often called the Iranian regime “Majoos,” referring to them as the fire-worshippers from Iran.  Iranian hardliners, on the other hand, have often portrayed the Saudi monarchy as unfit custodians of Islam’s holiest sites. Under such conditions, any collective military alliance claiming to represent the entire Muslim world is structurally impossible.

Even among Sunni powers, rivalries are severe. Saudi Arabia and the United Arab Emirates have frequently found themselves on opposite sides despite public displays of partnership. Qatar and Bahrain are in opposing camps. In Yemen, differences emerged over support for competing local factions and visions for the country’s future. In Sudan’s ongoing conflict, Abu Dhabi and Riyadh have often been perceived as backing different political outcomes. These disagreements reveal that even among close Gulf partners, strategic objectives frequently diverge.

The contradictions of selective solidarity

The myth surrounding Islamic military unity becomes even harder to sustain when examining actual conflicts involving Muslim nations.

Afghanistan provides a striking example. Pakistan and Afghanistan have repeatedly exchanged accusations over border violence, militant sanctuaries and military operations. Cross-border strikes by the Pakistani Army have periodically resulted in Afghan civilian casualties, including women and children.

Yet none of the countries that routinely invoke Muslim solidarity has mobilized an “Islamic NATO” response to defend Afghan civilians or mediate disputes in a meaningful way. In practice therefore, shared religious identity often takes a back seat to national interests.

The silence becomes even more conspicuous regarding China’s treatment of Uyghur Muslims in Xinjiang. While governments across the Muslim world frequently issue statements on Palestine, few have shown comparable willingness to challenge Beijing.

Pakistan, despite presenting itself as a leading voice of the Islamic world, has consistently avoided criticism of China due to its economic dependence and defense partnership with Beijing. The same coalition that speaks of defending Muslims globally has remained largely inactive on one of the most discussed Muslim human rights issues of the 21st century.

Such inconsistencies expose a central truth: the foreign policies and defense partnerships of Muslim-majority states are driven primarily by national interests, economic dependencies and regime security rather than civilizational solidarity. The language of Islamic unity often functions as a domestic political instrument rather than an operational strategic doctrine.

Army soldiers patrol a road as Pakistan prepares to host U.S. and Iran for the second round of peace talks in Islamabad, Pakistan, April 24, 2026. (credit: WASEEM KHAN/REUTERS)

Israel, India, and the emerging new alignments

The geopolitical landscape has changed dramatically since the Abraham Accords. The United Arab Emirates has emerged as one of Israel’s most significant partners in the Arab world, expanding cooperation across technology, trade, intelligence, and investment. Simultaneously, India has become a critical component of emerging economic and strategic frameworks connecting the Gulf and Israel.

This triangular relationship among India, Israel, and the UAE increasingly reflects the realities of twenty-first-century geopolitics. Economic modernization, technology partnerships and supply-chain integration now outweigh ideological slogans. More broadly, the Middle East and South Asia are witnessing a gradual shift away from identity-based alliances toward more pragmatic and interest-driven partnerships.

For the United States, however, there remains a recurring tendency to overestimate Pakistan’s ability to function as a stable pillar within regional alliances and security arrangements. Washington has repeatedly viewed Islamabad as a strategic asset capable of balancing multiple regional interests, only to encounter familiar patterns of ambiguity, dependence and competing loyalties.

Pakistan’s military partnerships with Saudi Arabia coexist alongside deep defense ties with China, while its domestic political narratives and open opposition to normalization with Israel often differs substantially from its external behavior. This pattern explains why visions of a unified Islamic military alliance remain far more compelling in theory than in practice.

The idea of an “Islamic NATO” continues to attract attention because it appeals to powerful emotional and political instincts across the Muslim world. Yet every major regional development – from the Saudi-Iran rivalry and Gulf divisions to relations with China, Israel and India – demonstrates the same reality.

The Muslim world is not moving toward strategic unity. It is moving toward a more fragmented, interest-driven and multipolar order in which national calculations consistently override religious solidarity. The “Islamic NATO,” despite periodic revival in political discourse remains not a military reality, but a geopolitical mirage.

Geopolitics rarely stands still. As tensions surrounding Iran, maritime security in the Strait of Hormuz, and Trump’s pressure campaign continue to evolve, the Middle East may witness new alignments that cut across old ideological divides. The more important question is no longer whether an “Islamic NATO” will emerge, but how a fragmented and increasingly transactional regional order will reshape the security architecture of the wider Middle East in the years ahead.

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China’s foreign ministry confirmed on Friday the arrest of U Min Zin, a US citizen, saying the American was suspected of spying and endangering Chinese national security.

China has notified the US consulate general in the southern Chinese city of Guangzhou of the arrest, Lin Jian, a ministry spokesperson, told a regular news conference when asked about a New York Times report that Min Zin had disappeared in Kunming in southwest China last week.

This is a developing story.

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Over the past week, the IDF has conducted operations on three separate fronts, aiming to handle terrorism threats from Hezbollah in southern Lebanon, from the Gaza Strip, and from the West Bank, the military announced on Friday.

In addition, the IDF operated to combat smuggling along Israel’s eastern and western borders.

In southern Lebanon, the Israeli Air Force struck approximately 310 Hezbollah sites, killing around 80 terrorists, the IDF stated.

Ground forces also conducted operations in the area, dismantling infrastructure and removing threats.

Meanwhile, in the Gaza Strip, IDF forces worked to continue dismantling terror tunnels, with a focus on Khan Yunis. Over 20 terrorists were killed during these operations, the IDF said, including three senior Islamic Jihad terrorists, and the head of a Hamas funds transfer infrastructure and his deputy.

IDF captures over 50 terror suspects in West Bank, seizes weaponry

West Bank counterterrorism operations captured over 50 suspects, who were wanted for inciting terrorism, advancing terror activities, and possessing and trading weaponry.

IDF forces in the West Bank also confiscated 250,000 shekels intended for terrorism, 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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The expulsion of five diabetes experts from the American Diabetes Association meeting in New Orleans earlier this week caused quite a stir. Many in the diabetes research community expressed shock and disbelief that their colleagues were threatened with arrest for passing out paper copies of an editorial. After a few days of doubling down in the face of significant backlash, the ADA did formally apologize on Wednesday. But is their mea culpa too little, too late?

In this week’s STATus Report, I chat with STAT cardiovascular disease reporter Elizabeth Cooney. She was in New Orleans for the diabetes meeting, and we discussed what exactly happened, what the reaction was like on the ground, what it says about the climate of biomedical research in the second Trump administration, and more. 

This post was originally published here

For decades, the homebuying journey followed a relatively predictable path. Buyers would visit communities, meet with sales representatives to gather information and gradually move toward a purchase decision. Today, that process looks dramatically different.

Modern homebuyers move fluidly between websites, online reviews, virtual conversations, social media content, mortgage research and in-person model visits. They may spend weeks or even months researching builders, floor plans and school districts. While buyers have more information than ever before, they also face a growing challenge: information overload.

As builders work to improve their homebuilder sales strategy in a competitive housing market, many are discovering that success is no longer determined solely by generating more leads. Instead, the opportunity lies in creating a more connected and consistent omnichannel homebuyer experience that guides customers through an increasingly complex decision-making process.

The homebuyer journey is no longer linear

Historically, builders operated around a relatively structured sales funnel. Buyers entered the process, progressed through a series of steps and eventually reached a purchase decision. Today’s buyers rarely follow that path.

They often move between multiple builders, conduct extensive online research and consume enormous amounts of information before engaging directly with a sales team. In many cases, buyers arrive at a model home having already narrowed their options and formed preliminary opinions about the builders they are considering. This shift has fundamentally changed how builders must think about customer engagement.

The challenge is no longer simply providing information. Buyers already have access to floor plans, pricing details, community information and reviews. The challenge is helping buyers make sense of that information and confidently move toward a decision.

Builders that recognize this shift are increasingly focusing on creating seamless experiences across every customer touchpoint rather than treating each interaction as a separate event.

Why homebuilder sales continuity matters more than ever

One of the biggest obstacles facing builders today is the lack of continuity across sales and marketing channels. Many organizations still operate with separate teams, with work spread out in silos between:

  • Marketing
  • Online sales
  • Mortgage conversations
  • Model home interactions
  • Design center appointments
  • Customer care functions

While these teams may perform their individual roles effectively, the buyer often experiences them as disconnected departments rather than a unified brand. From the buyer’s perspective, this can feel frustrating.

Customers frequently find themselves repeating the same information multiple times as they move through the process. Questions already answered online must be answered again during virtual consultations and repeated once more during in-person visits. The result is a lack of what many sales leaders describe as contextual intelligence: the ability for every team member interacting with a buyer to understand that buyer’s goals, concerns and previous interactions.

When information flows seamlessly between teams, buyers feel understood. When it does not, confidence begins to erode. In an environment where trust plays a significant role in purchasing decisions, reducing these points of friction can directly impact homebuilder conversion rates. When buyers feel understood and supported throughout the process, they are more likely to move confidently toward a purchase decision.

Transforming the website into a digital salesperson

The role of the builder website is also evolving. For years, builder websites operated on an outdated model, primarily serving as digital brochures. Their purpose was to display communities, floor plans and contact information.

Modern builders are increasingly treating their websites as 24-hour sales professionals capable of educating, engaging and supporting buyers throughout the research process. This requires a different mindset.

Buyers expect websites to educate, guide and answer questions. Rather than simply presenting information, websites should help buyers understand the builder’s processes, warranty programs, construction standards and overall customer experience.

Every digital interaction should reinforce the builder’s value proposition and help establish trust before a direct conversation ever occurs. As virtual engagement tools continue to mature, websites are becoming a critical foundation of the broader omnichannel homebuyer experience.

Moving from qualification to consultation

The growing sophistication of today’s buyers is also changing the role of sales professionals. Traditionally, many builder sales processes focused heavily on qualification. The goal was to determine whether a prospect was ready and capable of purchasing a home. While qualification remains important, leading builders are shifting toward a more consultative approach.

Today’s buyers need guidance before they need qualification. Most buyers are not experts in homebuilding, financing or community selection. Even after conducting extensive research, many still need guidance in navigating the process and evaluating their options. Trust is built through consultation, not interrogation.

Builders who position their teams as advisors rather than gatekeepers often create stronger customer relationships and better long-term sales outcomes.

The new role of the on-site sales professional

By the time many buyers arrive at a model home, many times much of the traditional sales process has already occurred. They have reviewed floor plans, explored communities and compared multiple builders online. In many cases, they have already identified a shortlist of preferred options. This means sales professionals must adapt.

The days of simply presenting information are fading. Buyers often need help interpreting information rather than acquiring it. Successful sales teams are becoming skilled at discovery and interpretation. Instead of leading with presentations, they focus on understanding the buyer’s goals, concerns and decision-making process.

Rather than seeking additional data, customers are looking for a sense of certainty. The most effective sales conversations help buyers connect the information they have already gathered with the personal decisions they need to make for their families. In this environment, sales professionals become guides who help buyers navigate complexity rather than simply providing additional details.

Building an omnichannel homebuyer experience without overhauling everything

One of the biggest misconceptions surrounding omnichannel engagement is that it requires a major technology overhaul. In reality, successful implementation often starts with process alignment rather than new tools.

Builders can begin by asking three simple questions:

  1. What information is collected at each stage of the buyer journey?
  2. How effectively is that information shared across teams?
  3. Where are buyers being forced to repeat themselves?

These questions often reveal gaps that create friction throughout the customer experience. The goal is not necessarily to add more technology. The goal is to create greater continuity between existing touchpoints. Every interaction should build upon the previous one.

Whether a buyer moves from a website to an online sales representative, from a virtual meeting to a model home visit or from a mortgage conversation to a design center appointment, the experience should feel connected and consistent. When continuity increases, buyer confidence tends to increase as well.

Conclusion: The future belongs to connected brands

As builders look ahead, the most successful organizations may not be those generating the largest volume of leads. Instead, they may be the ones creating the most connected customer experiences. Buyers do not experience marketing, online sales, mortgage services and model homes as separate departments. They experience a single brand.

Every interaction shapes their perception of the brand and influences whether they feel confident moving forward. The builders that thrive in the next phase of home sales will be those that prioritize homebuilder sales continuity, create a connected omnichannel homebuyer experience and align every touchpoint around a consistent homebuilder sales strategy.

In a market defined by abundant information and evolving consumer expectations, continuity is becoming more than an operational goal. It is becoming a competitive advantage.

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Solana (CRYPTO: SOL) Foundation President Lily Liu said on Thursday that tokenized shares of SpaceX will be available on the blockchain as soon as the company lists publicly elsewhere.

Solana Set To Welcome SpaceX

During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise.

Ondo Finance confirmed the asset will be called SPCXon. More than 200 assets, including “Mag 7 stocks” such as Nvidia Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT), are already available on Ondo’s tokenized platform.

Note that the platform is not currently available in the U.S.

xStocks also announced that the cryptocurrency derivative of …

Full story available on Benzinga.com

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Leaders from Gulf and South Asian countries called US President Donald Trump to ask him to call off strikes against Iran after Trump posted about his planned attack on Truth Social, Politico reported on Friday morning.

The calls came from Qatari Emir Tamim bin Hamad Al Thani, United Arab Emirates President Mohamed bin Zayed Al Nahyan, and Pakistani defense chief Asim Munir, who assured Trump that a preliminary agreement, which would pave the way for more detailed talks, was at hand.

A Trump administration official told Politico that these countries have influence over Tehran and Supreme Leader, Ayatollah Mojtaba Khamenei, adding that their assurance of a deal led the President to walk back his plans to attack.

Trump posted to Truth Social on Thursday, announcing that “Based on the fact that discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved, I have, as President of the United States of America, canceled the scheduled strikes and bombings against Iran this evening.”

He added, “Discussions and final points have been, in both concept and great detail, approved by all parties involved.” However, shortly after his post, Fars, a semi-official publication in Iran, reported that the country hadn’t agreed to any deal. 

Israeli sources told Channel 12 that Israel does not recognize reaching an agreement.

Trump claims a deal has been reached and war is over 

On Thursday night, Trump held a virtual tele-rally for Burt Jones, saying, “I don’t know if you heard, but we ended the war with Iran today, and they agreed they will never have a nuclear weapon.”

Iranian state media reported that Esmaeil Baghaei, a spokesperson for the foreign ministry, said that while large parts of the negotiating text have been finalized, Iran would not compromise on its red lines, Reuters reported.

“Iran has not yet reached a final conclusion on an agreement,” he said.

Many diplomats were skeptical that Khamenei had actually agreed to anything. “I’ll believe it when I see it,” one Arab diplomat said, according to reports from Politico.

The Prime Minister’s office said that Netanyahu expressed his appreciation for Trump’s commitment to the ceasefire agreement with Iran, which “will include the removal of enriched nuclear material, the dismantling of enrichment infrastructure, limits on missile production, and an end to Iran’s support for its terrorist proxies in the region.”

Israel is not part of the US’s memorandum of understanding with Iran.

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For decades, the homebuying journey followed a relatively predictable path. Buyers would visit communities, meet with sales representatives to gather information and gradually move toward a purchase decision. Today, that process looks dramatically different.

Modern homebuyers move fluidly between websites, online reviews, virtual conversations, social media content, mortgage research and in-person model visits. They may spend weeks or even months researching builders, floor plans and school districts. While buyers have more information than ever before, they also face a growing challenge: information overload.

As builders work to improve their homebuilder sales strategy in a competitive housing market, many are discovering that success is no longer determined solely by generating more leads. Instead, the opportunity lies in creating a more connected and consistent omnichannel homebuyer experience that guides customers through an increasingly complex decision-making process.

The homebuyer journey is no longer linear

Historically, builders operated around a relatively structured sales funnel. Buyers entered the process, progressed through a series of steps and eventually reached a purchase decision. Today’s buyers rarely follow that path.

They often move between multiple builders, conduct extensive online research and consume enormous amounts of information before engaging directly with a sales team. In many cases, buyers arrive at a model home having already narrowed their options and formed preliminary opinions about the builders they are considering. This shift has fundamentally changed how builders must think about customer engagement.

The challenge is no longer simply providing information. Buyers already have access to floor plans, pricing details, community information and reviews. The challenge is helping buyers make sense of that information and confidently move toward a decision.

Builders that recognize this shift are increasingly focusing on creating seamless experiences across every customer touchpoint rather than treating each interaction as a separate event.

Why homebuilder sales continuity matters more than ever

One of the biggest obstacles facing builders today is the lack of continuity across sales and marketing channels. Many organizations still operate with separate teams, with work spread out in silos between:

  • Marketing
  • Online sales
  • Mortgage conversations
  • Model home interactions
  • Design center appointments
  • Customer care functions

While these teams may perform their individual roles effectively, the buyer often experiences them as disconnected departments rather than a unified brand. From the buyer’s perspective, this can feel frustrating.

Customers frequently find themselves repeating the same information multiple times as they move through the process. Questions already answered online must be answered again during virtual consultations and repeated once more during in-person visits. The result is a lack of what many sales leaders describe as contextual intelligence: the ability for every team member interacting with a buyer to understand that buyer’s goals, concerns and previous interactions.

When information flows seamlessly between teams, buyers feel understood. When it does not, confidence begins to erode. In an environment where trust plays a significant role in purchasing decisions, reducing these points of friction can directly impact homebuilder conversion rates. When buyers feel understood and supported throughout the process, they are more likely to move confidently toward a purchase decision.

Transforming the website into a digital salesperson

The role of the builder website is also evolving. For years, builder websites operated on an outdated model, primarily serving as digital brochures. Their purpose was to display communities, floor plans and contact information.

Modern builders are increasingly treating their websites as 24-hour sales professionals capable of educating, engaging and supporting buyers throughout the research process. This requires a different mindset.

Buyers expect websites to educate, guide and answer questions. Rather than simply presenting information, websites should help buyers understand the builder’s processes, warranty programs, construction standards and overall customer experience.

Every digital interaction should reinforce the builder’s value proposition and help establish trust before a direct conversation ever occurs. As virtual engagement tools continue to mature, websites are becoming a critical foundation of the broader omnichannel homebuyer experience.

Moving from qualification to consultation

The growing sophistication of today’s buyers is also changing the role of sales professionals. Traditionally, many builder sales processes focused heavily on qualification. The goal was to determine whether a prospect was ready and capable of purchasing a home. While qualification remains important, leading builders are shifting toward a more consultative approach.

Today’s buyers need guidance before they need qualification. Most buyers are not experts in homebuilding, financing or community selection. Even after conducting extensive research, many still need guidance in navigating the process and evaluating their options. Trust is built through consultation, not interrogation.

Builders who position their teams as advisors rather than gatekeepers often create stronger customer relationships and better long-term sales outcomes.

The new role of the on-site sales professional

By the time many buyers arrive at a model home, many times much of the traditional sales process has already occurred. They have reviewed floor plans, explored communities and compared multiple builders online. In many cases, they have already identified a shortlist of preferred options. This means sales professionals must adapt.

The days of simply presenting information are fading. Buyers often need help interpreting information rather than acquiring it. Successful sales teams are becoming skilled at discovery and interpretation. Instead of leading with presentations, they focus on understanding the buyer’s goals, concerns and decision-making process.

Rather than seeking additional data, customers are looking for a sense of certainty. The most effective sales conversations help buyers connect the information they have already gathered with the personal decisions they need to make for their families. In this environment, sales professionals become guides who help buyers navigate complexity rather than simply providing additional details.

Building an omnichannel homebuyer experience without overhauling everything

One of the biggest misconceptions surrounding omnichannel engagement is that it requires a major technology overhaul. In reality, successful implementation often starts with process alignment rather than new tools.

Builders can begin by asking three simple questions:

  1. What information is collected at each stage of the buyer journey?
  2. How effectively is that information shared across teams?
  3. Where are buyers being forced to repeat themselves?

These questions often reveal gaps that create friction throughout the customer experience. The goal is not necessarily to add more technology. The goal is to create greater continuity between existing touchpoints. Every interaction should build upon the previous one.

Whether a buyer moves from a website to an online sales representative, from a virtual meeting to a model home visit or from a mortgage conversation to a design center appointment, the experience should feel connected and consistent. When continuity increases, buyer confidence tends to increase as well.

Conclusion: The future belongs to connected brands

As builders look ahead, the most successful organizations may not be those generating the largest volume of leads. Instead, they may be the ones creating the most connected customer experiences. Buyers do not experience marketing, online sales, mortgage services and model homes as separate departments. They experience a single brand.

Every interaction shapes their perception of the brand and influences whether they feel confident moving forward. The builders that thrive in the next phase of home sales will be those that prioritize homebuilder sales continuity, create a connected omnichannel homebuyer experience and align every touchpoint around a consistent homebuilder sales strategy.

In a market defined by abundant information and evolving consumer expectations, continuity is becoming more than an operational goal. It is becoming a competitive advantage.

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A prominent Palestinian doctor captured by the Israeli military in Gaza in late 2024 and held in detention ever since appeared by video link at a High Court of Justice hearing in Jerusalem on Wednesday.

Hussam Abu Safiya appeared in the video to have lost weight since being captured at a Gaza hospital. The media were briefly allowed into the courtroom before being ushered out as proceedings got underway.

Abu Safiya’s brother, Muafaq, said in April that the family learned through his lawyer that he had lost 40 kg. (88 lb.) in prison and suffered four fractured ribs and other ailments. An Israeli rights group has said Abu Safiya is among a group of Gazan doctors held by Israel who have been denied adequate food.

The Israel Prison Service has denied those allegations.

The Supreme Court was hearing an appeal from Abu Safiya’s lawyer, Nasser Odeh, challenging his detention. The court is expected to announce its decision later on Wednesday.

Abu Safiya has been held without charge, according to the Physicians for Human Rights Israel (PHRI), an Israeli rights group, for more than 500 days. His appearance before the court on Wednesday, by video link, was the first time he has been seen publicly since February 2025, the group said in a statement.

IDF does not provide evidence for Hamas accusation

Abu Safiya was captured by the IDF from the Kamal Adwan Hospital ​in Beit Lahiya, northern Gaza, and is accused of being a member of Hamas.

Gaza’s Hamas-run health ministry and Hamas ​have denied the allegation.

Following the hearing on Wednesday, Odeh told reporters his client was handcuffed and shackled throughout the proceedings and said he was being held in solitary confinement.

Odeh also claimed that Abu Safiya was not receiving medical treatment, including for what he described as severe neck and back pain caused by an assault during detention, or medications for what he said was needed to treat a chronic illness.

Abu Safiya also had his eyeglasses confiscated and was experiencing vision problems as a result, and his hands were showing signs of skin disease, which Odeh said was widespread among Palestinian prisoners held in Israeli prisons.

IPS did not immediately respond to a request for comment on Abu Safiya’s treatment in detention.

Palestinian doctors denied medical care, food, rights group says

During the hearing, Abu Safiya could be seen handcuffed and wearing a white t-shirt and grey tracksuit pants, clothing commonly worn by Palestinian prisoners in Israeli jails.

Abu Safiya is among 14 Palestinian doctors captured in Gaza by the IDF and detained for over a year without charge.

PHRI in April called for their release, saying they had been denied adequate medical care and food and subjected to physical abuse while in detention.

IPS at the time said it rejected all allegations that the doctors had been mistreated in ⁠prison.

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The Japanese city of Utsunomiya captured a wild black bear on Tuesday after a dramatic, multi-day search that gripped the nation, with local schools closed and residents urged to stay indoors.

The city closed all 94 municipal primary and middle schools for a second straight day on Tuesday after its first-ever bear sighting on Saturday evening. Authorities decided to keep schools closed again on Wednesday due to a report of a possible second bear roaming the city, an official said.

Bear attacks have spiked in Japan, including in urban areas, prompting the government to set up a task force this year to reduce incidents. In fiscal 2025, the country reported a record 238 casualties, including 13 deaths, according to the environment ministry.

With about 500,000 residents, Utsunomiya, in Tochigi Prefecture, is part of the Greater Tokyo Metropolitan region, about 100 km north of the capital.

When the bear resurfaced in a residential area early on Tuesday afternoon, police cars and other vehicles involved in the search promptly blocked off the vicinity. For more than an hour, police officers milled about, with some holding long sticks and others holding metal shields, as national broadcasters aired live footage from helicopters.

City has yet to decide what to do with captured bear

The adult bear, which was estimated to weigh about 100 kg, was eventually shot with a tranquilizer gun, loaded onto a cage on a truck, and driven away. The city has yet to decide what to do with it, an official said.

About 100 km to the northeast, Iwaki in Fukushima Prefecture also suspended classes at three schools on Tuesday in a neighborhood where a black bear was spotted a day earlier.

Last week, a bear attack in Fukushima city left at least four people injured, with security footage in one incident showing the animal chasing a man and throwing him to the ground.

Asiatic black bears are listed as a globally vulnerable species, but their numbers are estimated to have tripled in Japan since 2012, aided by a decline in hunting.

Experts say climate change has reduced harvests of natural bear food like acorns and beechnuts, while the depopulation of rural areas and the proliferation of abandoned farmland have emboldened them to seek nourishment near human settlements.

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Physicians at Clalit Health Services’ Beilinson Hospital have successfully performed Israel’s first intrauterine (prenatal) surgery to remove a rare placental tumor that threatened the life of an unborn child, Clalit announced.

The 25-week pregnant mother was rushed to the Petah Tikva medical center after a routine anatomy scan revealed a growth developing on the placenta’s surface.

Follow-up ultrasound examinations indicated that the tumor was disrupting the blood circulation between the mother and the fetus. The severe circulatory changes had already triggered fetal heart failure, placing the unborn baby in immediate, life-threatening danger.

Because the pregnancy was at an early stage, delivering the baby prematurely carried severe developmental risks.

Consequently, the medical team opted for an emergency in utero intervention.

The operation was led by Dr. Yuval Gielchinsky, Director of the Fetal Medicine Center at Clalit-Beilinson, alongside Dr. Kinneret Tenenbaum, Head of the Twin Pregnancy Clinic.

“In advanced stages of pregnancy, delivery can sometimes be the solution,” Dr. Gielchinsky explained. “But in this case, the patient was only 25 weeks pregnant. The only remaining option was an endoscopic fetal intervention, which is only possible when the tumor is located in an accessible area of the placenta, as it was in this case.”

A minimally invasive procedure

During the minimally invasive procedure, surgeons entered the uterus, pinpointed the precise blood vessels supplying the tumor, and used advanced cauterization techniques to seal them off, effectively starving the tumor of its blood supply.

Placental tumors are generally rare, according to experts at the National Library of Medicine (NLM). While many remain benign and develop too slowly to interfere with a normal pregnancy, severe cases can dangerously divert blood away from the fetus. This can lead to serious complications, including fetal anemia, low platelet counts, extreme excess amniotic fluid, and preeclampsia in the mother, a study from the NLM explained.

Following the milestone surgery, the mother was monitored closely in Beilinson’s maternal-fetal medicine unit. The hospital confirmed that she has since been discharged home in stable condition and will continue to receive specialized outpatient follow-up care at the Fetal Medicine Clinic.

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British Jewish groups say they are alarmed about revelations that a fraternal society for Muslim police officers published a policy paper that described Zionism as a form of anti-Muslim hatred and called the Israeli army a “Zionist terrorist group.”

The Board of Deputies of British Jews called the paper posted by the National Association of Muslim Police “disturbing” in its presentation of Jewish identity, history and the nature of antisemitism.

“If this is being circulated among officers, it poses a direct challenge to the integrity of policing and it should be withdrawn immediately,” the group said.

NAMP has distanced itself from the report and, in a statement, rejected any allegation that the group “supports Hamas.”

The 39-page paper titled “From Past Prejudices to Present Policies: Confronting anti-Muslim hatred and Promoting Human Rights,” was written by NAMP’s then-vice president, Khaldoun Kabbani, and published in July 2025. It says “Zionism represents one of the manifestations of anti-Muslim hatred”; likens the war in Gaza to the Holocaust; and disputes facts about Hamas’ Oct. 7, 2023, attack on Israel, including that Israeli children were killed.

The Spectator, a right-wing British newspaper, drew attention to the report in a piece published on Friday that said the report illuminated “the disturbing truth about the National Association of Muslim Police.” The group has a formal affiliation with 16 of 43 police departments in the U.K. and says it represents more than 20,000 officers.

Kabbani, a forensics officer, was briefly the chair of the Scottish Muslim Police Association but planned to move abroad after retiring earlier this year, according to a post by the group on LinkedIn.

The revelation of the NAMP report comes at a time of heightened tension over policing in the UK, amid both a surge in anti-Jewish crimes and a renewed uproar over a December murder that has fueled allegations of “two-tier policing” that treats some victims differently from others. The Spectator referenced the victim, Henry Nowak, in the column about NAMP.

Rising number of antisemitic incidents in the UK

The NAMP report has spurred distress for many British Jews who are on edge amid a string of violent incidents targeting Jewish communities. The Campaign Against Antisemitism, a watchdog group, said its polling shows that 83% of British Jews do not think the police are doing enough to protect them — and that the report suggested their concerns were well founded.

“The people responsible for publishing this extremist screed on the official police.uk web domain are unfit to be police officers and must be immediately investigated by their respective forces’ professional standards departments and dismissed,” Steven Silverman, CAA’s director of investigations and enforcement, said in a statement.

“British Jews have long suffered two-tier policing that sees antisemitic crime go unpunished,” he said, adding that CAA would press the British government “ensure a clear message is being sent. This cannot pass with the document being quietly deleted.”

The report was removed from NAMP’s website over the weekend. The group distanced itself from the report in a statement published on Tuesday, saying that it had removed the report “immediately” after learning about its existence and emphasizing that the author was “no longer associated” with NAMP.

“We understand that the publication of this document has affected several communities, and we regret any concern, discomfort, or misunderstanding it may have caused,” the group said.

It added, “NAMP categorically does not ‘defend’ Hamas or any other proscribed organisation. We condemn all forms of terrorism and extremism.”

Responses from British Jewish leadership

The document is “deeply troubling,” a spokesperson for the Jewish Leadership Council, which coordinates British Jewish groups, said in a statement.

“This document appears to falsely associate an ideology held by the majority of Jewish people as a threat to Muslims. It also engages in deeply troubling Holocaust inversion and denial of some of the worst atrocities carried out by Hamas on October 7th,” the spokesperson said. “At a time of rising antisemitism including violent attacks on British Jews, this document further threatens community cohesion and police forces should be clear in distancing themselves from it.”

The Board of Deputies of British Jews said it plans to speak with the “relevant” government and police departments to discover the paper’s provenance, how it’s being used and “how to ensure that the valued relationships of trust between British Jews and the police are not being undermined.”

The Metropolitan Police of London, the largest police department in the UK and a formal NAMP affiliate, declined to comment on the report. The department has recently stepped up policing in Jewish communities in an effort to stem antisemitic violence.

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What was reported as another collateral hit in an “open area” during the Iranian missile attack on Israel earlier this week turned into a personal and professional disaster for the Simantov family. Missile interception fragments that fell during the night between Sunday and Monday struck the unique white lily plot at their Seeds from Zion nursery, causing severe damage to a rare preservation project developed over more than two decades.

The initiative began in 2004 during the excavation of the Carmel tunnels. Bulbs of white lily uncovered during the engineering works were transferred to the Simantov family with approval from the Nature and Parks Authority to save the rare plant. Using tissue cultures, they produced thousands of new bulbs – some returned to the wild in the Carmel, while others were kept at the nursery for propagation and conservation.

“When we started, there were only a few dozen bulbs,” Zion Simantov said. “Today we have tens of thousands of bulbs. We are practically the only place in the country that holds the original white lily from the Carmel – not a commercial variety but the real natural plant that returns from here to its natural location in the Carmel and to other suitable places in Israel.”

According to Simantov, the plot reached its peak just a month and a half ago.

“After 12 years of waiting, we saw an amazing bloom. Flowers about a meter tall. Thousands of people came to see, photograph, and be moved. We expected a large seed harvest that would allow us to continue and expand the project.”

The morning after the missile attack, the harsh reality became clear.

“Our dedicated Thai workers called and told me to come to the site immediately,” he recalled. “We found a huge crater, about six meters in diameter, right inside the plot. Parts of the area were blown away, and the damage is scattered over hundreds of meters.”

Shortly after, police officers and Border Police fighters arrived.

“They saw the hole, documented it, collected the fragments that were on the ground, and left,” Simantov recounted. “But so far, no government officials have arrived to inspect the damage itself.”

Representatives from the Property Tax Authority are expected only next week.

“And that’s exactly the issue,” he said. “This is not like an orange grove where you can count how many trees were hit and calculate their value. This is something unique, with almost no parallel in the country. You need an expert to examine what happened above and below ground.”

Hidden damage and uncertain future

The difficulty, he explained, is that much of the damage is underground. The lily bulbs take many years to mature and bloom.

“We still don’t know how many bulbs were destroyed,” he said. “It could be hundreds, it could be thousands. Only in months or even years will we know the full extent of the damage.”

Hila Friedman, Zion’s daughter who manages the nursery with her father and husband, said this is more than a financial loss.

“This is not just an agricultural plot. This is heritage, this is nature conservation, this is something my father dedicated decades of his life to.”

A long road to recovery

While waiting for the official damage assessment, the family hopes that some bulbs survived.

“We do not intend to give up,” Simantov said. “But it is clear that the path to restoration will be very long. What was destroyed in an instant took us more than twenty years to build.”

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Amid a brief round with Iran, which ended in a “hand-tying” by US President Donald Trump, who also said he is unsure whether Prime Minister Benjamin Netanyahu will run in the upcoming elections, as well as the coalition’s accelerated legislation promoting a law equating Torah students with IDF service members, the Likud party is dropping this week by three seats to just 22, according to a Maariv poll published on Friday.

This is Likud’s lowest figure since August 2025, when it received 21 seats in a Maariv poll. However, the coalition bloc maintained its strength from last week at 50 seats, after the Religious Zionism party again passed the electoral threshold. The Zionist opposition bloc remained at 60 seats, and the Arab parties received an additional 10 seats.

In the opposition, Gadi Eisenkot’s strengthening trend continued, with his party Yashar! jumping three seats this week to a record 20. Conversely, the Together party, led by Naftali Bennett, fell by two seats to 21. In effect, a three-way race has emerged for the title of the largest party among Likud, Together, and Yashar! Drama is intensifying in the opposition bloc, with the gap narrowing between Together and Yashar!

In response to the question, “If elections for the Knesset were held today, which party would you vote for?” the answers were: Likud 22, Together 21, Yashar! 20, the Democrats 10, Yisrael Beytenu 9, Otzma Yehudit 9, Shas 8, United Torah Judaism 7, Hadash-Ta’al 6, Ra’am 4, Religious Zionists 4.

Blue and White (1.9%), Balad (2%), and the Reservists (1.7%) did not pass the threshold.

Bennett, Eisenkot beating Netanyahu for PM in poll

The poll also showed that Bennett leads Netanyahu in a hypothetical prime minister match-up, 43% to 39%.

Eisenkot widened his lead over Netanyahu with 44% compared to 40% for Netanyahu.

Against Avigdor Lieberman, Netanyahu leads 41% to 37%, but the gap has narrowed significantly from the previous poll, where Netanyahu led the Yisrael Beytenu chairman by a double-digit margin (48% to 29%).

The survey found that half of Israelis (50%) believe Trump will act in Israel’s interests in the confrontation with Iran, while 43% have low or no trust in him on this issue, and 7% are unsure.

The poll, conducted June 10–11 by Lazar Research under Dr. Menachem Lazar, in cooperation with Panel4ALL, included 500 respondents, representing a representative sample of Israel’s adult population, Jewish and Arab, aged 18 and over. The maximum sampling error is 4.4%.

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The 32-year-old man who killed a high school student from Nahariya after he accidentally stumbled upon the scene of an attempted assassination in January 2020 was sentenced on Wednesday in the Haifa District Court. 

Halal Khlo from Acre was given 25 years in prison following his conviction for the murder of the 17-year-old. He was also sentenced to 12 months in prison, on probation, and the maximum possible compensation to the victim’s family.

After more than six years of a complex trial, largely based on circumstantial evidence, Khlo accepted a plea deal arranged by defense attorneys Uri Ben Natan and Zohar Arbel for the Haifa District Attorney’s Office.

Khlo pleaded guilty to an amended indictment and was ultimately convicted of intentional murder, attempted murder, carrying a weapon, recklessness, and negligence.

What happened in the run-up to the student’s murder?

According to the amended indictment, Khlo and others conspired to harm Muhammad Rubai, 28, while he was in Nahariya. They intended to shoot him from a passing vehicle as he walked. They opened fire on the target, who was wounded, but one of the bullets also hit the high school student who happened to be walking nearby.

The 17-year-old was taken to the hospital and died due to his wounds a few hours later.

The case was reportedly close to a conviction when the defense attorneys requested a plea deal. Prosecutor, attorney Muhammad Molla said that “examining the evidentiary difficulties that emerged during the trial and involving the families of the deceased and the injured in the incident, the prosecution came to the conclusion that this was a proper and balanced arrangement.”

The defense’s arguements for the deal

The defense emphasized that Khlo was not accused of shooting or driving the vehicle, but rather of committing the offenses along with others, as the prosecution was unable to determine which of the individuals involved had hit the deceased and the injured.

Attorney Tomer Ben Hamo, who represents the family on behalf of the SNA program, the assistance for families of victims of homicide, said in court that agreeing to the settlement was a “very difficult decision” after six years of conducting a trial, but the family preferred the certainty of convicting the defendant of murder and bringing the case to an end. 

According to him, financial compensation was not a consideration for the family.

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More than 17,000 coffee makers were recalled over a burn hazard that can cause serious injury, according to federal regulators.

About 17,600 Kidisle-branded hot and iced coffee machines were affected by the recall, according to the U.S. Consumer Product Safety Commission.

“The recalled coffeemakers(sic) can become clogged, causing hot liquid or steam to build up and be released unexpectedly during use, posing a risk of serious injury from burn hazard,” the commission said on Thursday.

FORD ISSUES RECALL FOR MORE THAN 548,000 VEHICLES OVER ISSUE WITH CENTER CONSOLE

At least 107 reports have been made regarding the coffee makers releasing hot liquid or steam unexpectedly, causing at least 27 reported injuries, including first and second-degree burns that required medical treatment.

The item is designed in black, white and gray colors, measures about 11 inches high and 6 inches wide and has a 50-ounce detachable water tank. It can brew six to 14 ounces of cupped or ground coffee.

The coffee makers were sold online at Amazon, Walmart and eBay from June 2024 through April of this year for about $49.

The machines affected by the recall have model “KC101B” printed on a sticker on the underside while the brand name is listed on the product order receipt.

KIA RECALLS 6K VEHICLES DUE TO POSSIBLE SEAT BELT DEFECT THAT COULD RAISE INJURY RISK

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Consumers are urged to stop using the coffee makers immediately and contact Kidisle for a full refund.

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