Cream cheese and ready-to-eat deli-style salads are facing a recall over potential listeria contamination.

New York-based Made Fresh Salads, Inc. issued a recall this week for all of its cream cheese products and Ready-to-Eat Deli Style Salads in response to the listeria risk.

Made Fresh Salads’ recalled cream cheese items include 5-pound and 30-pound tubs of various flavors, such as 5-pound apple cinnamon cream cheese, 5-pound tofu vegetable spread, 30-pound whipped cream cheese and 30-pound scallion cream cheese.

The company also recalled dozens of ready-to-eat salad products, including 5-pound chickpea salad, 5-pound bowtie pesto, 30-pound macaroni salad and 30-pound potato salad.

MORE THAN 1,500 POUNDS OF PORK RECALLED OVER LISTERIA CONTAMINATION RISK

The company’s 7-pound chocolate pudding, 6-pound vanilla pudding, 12-piece crab cakes and 12-piece potato croquettes were also subject to the recall.

Affected items have expiration dates ranging from Sept. 3 to Sept. 18.

The salads and cream cheese items were distributed in Brooklyn, Queens and the Bronx in New York City in 5-pound and 30-pound white plastic tubs with a Made Fresh Salads label or Northside label and half-size aluminum pans.

DOG SUPPLEMENTS RECALLED OVER POTENTIAL SALMONELLA CONTAMINATION

The products may have been repacked by retail locations in deli-style or other retail packaging, according to the company, although retail packaging and coding can vary based on purchase location.

The recall was initiated following environmental sampling by the company and the Food and Drug Administration, revealing that some areas of the facility tested positive for Listeria monocytogenes. The company has ceased production and distribution of the products as it continues to investigate, along with the FDA, what caused the contamination.

A listeria infection can cause symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, as well as miscarriages and stillbirths among pregnant women.

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It can cause serious and sometimes fatal infections in young children, frail or elderly people and others with weakened immune systems.

No illnesses have been reported thus far in connection with the recalled products.

Consumers who purchased the affected items are urged to return them to the place of purchase for a full refund.

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In the real world, President Donald Trump is struggling to stop inflation, rout the Iranian government and restore American manufacturing with tariffs.

However, it’s a different story in the fantastical vision that he shares with supporters on social media. Over Labor Day weekend, Trump and the White House unleashed an extraordinarily heavy torrent of memes that portrayed the president as singularly powerful.

One video depicted Trump as a superhero wielding Green Lantern’s ring to effortlessly build a wall to keep out migrants and erect a slew of busy factories. Another post showed him in a U.S. hockey uniform looming over Canadian Prime Minister Mark Carney as Carney cowered on the ice. And another had Trump on a military ship as it bombarded an enemy fleet.

Trump’s allure has always relied on a mythical version of himself, from “The Apprentice” to the White House, but the gap between meme and reality has become glaringly stark ahead of the midterm elections. Most U.S. adults are unhappy with Trump’s handling of the economy and say the Iran war hasn’t been worth it, but Trump has responded with outlandish images of himself as unstoppable and omnipotent.

Memes risk sidestepping reality

Some of the pictures are generated with artificial intelligence, and the administration has previously defended the memes as funny and their critics as humorless. Yet the stakes right now are serious for congressional Republicans who have tied their own fate to a president with low approval numbers. Trump’s party will put him center stage at an unusual midterm convention on Wednesday and Thursday in Dallas in hopes of stoking voters’ enthusiasm.

Kevin Madden, a Republican strategist, said that Trump’s social media posts can energize his base of “Make America Great Again” followers, although the tradeoff is that he’s not talking about how to fix inflation.

The voters who are likely to determine control of Congress in the midterms “are not going to be won over with memes,” Madden said. “The affordability voter is driving this election cycle and the issues they care about are anchored in the economy.”

The White House press office did not respond to a request for comment. Trump sometimes plucks memes from a sprawling ecosystem of online conservative supporters, and sometimes his government staff produces them as part of their official messaging. Recently they created a series of old-school video games, such as a “Tetris” knockoff called “Build the Wall.”

“The memes will continue,” Kaelan Dorr, a member of the White House communications team, recently posted on social media. “The winning will continue.”

Aging presidents promote vitality online

The problem for Trump is that voters have other images they’re using to define him. Drivers can spot through their windshields that gasoline is averaging $4.15 a gallon, up nearly 30% from a year ago because of the Iran war. And social media is inundated with questions about the 80-year-old president’s health and vitality, spurred by pictures of his bruised hands or video clips of him appearing to fall asleep in meetings.

White House officials have said the bruising is caused by “frequent handshaking” and Trump’s aspirin regimen, and they’ve denied that he’s dozed off.

Trump’s predecessor, Joe Biden, is three years older and faced relentless scrutiny about his age while in office. His White House came to embrace a meme version of Biden with lasers for eyes, suggesting that he was powerful and focused rather than infirm.

Andrew Bates, who was a deputy press secretary for Biden, said that Trump’s memes seem to be about avoiding the actual responsibilities of governing. He said they risk angering voters who see Trump as more focused on redecorating the White House than bringing the Iran war to a successful end.

“When a president who ran on bringing gas prices under $2 a gallon is now saying, ‘You’re at four dollars, it’s OK,’ it unfortunately makes sense that he’s also posting fever dreams,” Bates said.

Some memes have caused trouble

The memes have occasionally gotten Trump into trouble. He posted an image of himself as Jesus in April, which caused a degree of consternation among some supporters. The president later claimed he thought the image showed him as a medical doctor — albeit a doctor in Biblical robes with light emanating from his hands.

In February, his account posted a racist video of former President Barack Obama and his wife, Michelle, as primates, which he deleted after a backlash.

Last October, Trump shared a video of him in a fighter jet dumping feces on Americans who were protesting his policies.

What the memes have not done so far is boost his wider approval ratings. Only 33% of U.S. adults approve of how he is handling the job of being president, according to a July AP-NORC poll.

But the polling also hits at a reason why he might be sending the memes to rally his core supporters. Just 15% of U.S. adults strongly approve of his presidency, the poll found, a slight decline from 22% shortly after he took office.

This story was originally featured on Fortune.com

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The Iranian nuclear site buried under Pickaxe Mountain has seen an increased level of construction work over the last year, analysts reviewing satellite imagery shared with CNN on Wednesday.

Construction at the site, analysts from the Center for Strategic and International Studies (CSIS) think tank told CNN, “has shifted from active excavation toward probably internal construction and continued exterior reinforcement.”

The site has seen “more road activity,” as well as “raising and hardening of the (tunnel) portal accesses, paving of the internal road network, reinforcement around access areas, and the flattening and removal” of excavated dirt.

According to CSIS, the site has likely been designed to be a safe haven for Iran’s nuclear program, CNN reported.

CSIS analysts said that the site could serve as a centrifuge assembly facility, an enrichment facility, or other “nuclear-weapons-relevant” work. However, based on the continuous construction, the analysis estimated that the site “is not yet capable of enrichment work, if that is the intended purpose.”

A satellite view shows tunnel entrances at Pickaxe Mountain, of the Natanz nuclear facility, near Natanz, Iran, June 30, 2026. (credit: VANTOR/HANDOUT VIA REUTERS)

A source familiar with the matter told CNN that the United States had considered Pickaxe Mountain one of the potential targets if the war against Iran escalated in the last several months.

One source said that the Defense Department had recently held a “planning sprint” on the topic of strikes against Iranian underground facilities, including Pickaxe Mountain.

US explores options for striking deeply buried Iranian sites

Pickaxe Mountain could prove difficult to strike with existing US non-nuclear bombs due to the granite surrounding the underground facility, according to the CSIS analysis cited by CNN.

Four days before the US launched Operation Epic Fury, a Defense Threat Reduction Agency program manager signed an emergency $1.2 million contract justification for repairs to an underground test facility at White Sands Missile Range in New Mexico, CNN reported.

The document referred to preparations for a live-fire test of classified capabilities and said the work needed to be completed within two to three weeks due to a “time-sensitive national security directive.”

Three sources told CNN that the planned test was connected to the Iran war and efforts to develop ways of targeting Iran’s deepest underground facilities.

CNN said it could not independently verify whether the test occurred or confirm the purpose of activity observed at the White Sands site.

US developing next-generation penetrator

The US struck Iranian nuclear sites during Operation Midnight Hammer in June 2025. A top US general later told lawmakers that only the entrances to the deeply buried Isfahan nuclear site were buried because the Pentagon believed its Massive Ordnance Penetrator bombs could not destroy the facility, CNN reported.

The US military is also developing a successor to the Massive Ordnance Penetrator that could potentially target more deeply buried facilities.

A prototype contract was awarded in September 2025, and the Air Force sought defense industry sources for the weapon in June, CNN reported.

CNN also reported that the US maintains operational plans to strike Pickaxe Mountain. The site was included in a target package considered earlier this summer, although it remains unclear whether existing US munitions could penetrate deeply enough to destroy what Iran may have moved underground.

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One of the crypto industry’s oldest firms is splitting in two. Consensys announced on Wednesday that it is rebranding as MetaMask, which is the name of its flagship wallet product. This unit will operate as an independent corporate entity, focused entirely on its consumer MetaMask platform, while the rest of the firm’s operations—which include various protocols and Ethereum software for institutions—will be housed in a new and separate unit.

Under the new corporate arrangement, Consensys founder Joe Lubin will be CEO of the standalone MetaMask unit, while longtime executive Mike Kriak will lead the new, institution-focused entity that will carry on the legacy Consensys name. Lubin will also serve as Executive Chairman of the latter.

In an interview with Fortune, Lubin explained the decision to split the company came upon recognizing that its consumer-focused MetaMask operation was accruing value at a more rapid pace than the rest of Consensys’s business units.

The shake-up comes at a delicate moment in the corporate evolution of Consensys. Founded over a decade ago in Brooklyn as an Ethereum startup incubator, it relocated to Texas in 2023, and a year ago signaled plans to go public early this year, but those plans appear to have been scuttled by a major downturn in the crypto market.

Lubin declined to comment on the renewed timeline for an IPO, but his comments about the rapid growth of its consumer platform, and the company’s decision to split the firm suggest the standalone MetaMask firm might seek a listing as soon as early 2027.

Over the years, Consensys has sought to align its corporate values with the decentralized ethos of the Ethereum blockchain, of which Lubin was one of the cofounders. This goal has served to keep the company close to developers and longtime crypto enthusiasts, but has also meant that Consensys has at times suffered from the same chaos and strategic drift as Ethereum itself.

In the last several years, Consensys has carried out rounds of layoffs, and also got in a bruising but successful fight with the Biden-era Securities and Exchange Commission over the right to build decentralized software.

During this time, Consensys also sought to build out MetaMask, which began as a decentralized wallet for Ethereum, but has since expanded into something more like the crypto version of a neo-bank.

“We see a massive opportunity ahead of us as MetaMask is really maturing,” said Lubin, who pointed out to the brand’s recent launch of “Master Account,” which lets users hold various assets—including various forms of crypto and fiat currencies—in a single account, which they can spend using a Mastercard-supported debit card.

MetaMask also has a suite of other services, including perpetual futures and prediction markets, that Lubin says are providing an increasingly diversified revenue stream.

Lubin has hinted in recent years that MetaMask, which has a stablecoin, was poised to drop its own token, but on Tuesday told Fortune that the current business and regulatory climate means that fewer firms are inclined to issue their own cryptocurrencies.

As for the new corporate unit focused on protocols and institutional software, it will use the legacy name Consensys. Lubin said the recent push by banks and other companies to push portions of their operations on-chain will presage a long-term boom for both Ethereum and the newly-constituted Consensys.

In response to why the company chose to split its business units, and the new firms’ timeline for an IPO, a spokesperson declined to provide specific details.

“We don’t comment on market speculation or potential future capital markets activity. What we can say is that MetaMask and Consensys are two strong businesses operating in distinct markets, with different growth trajectories and paths to value creation. Separating them gives each company the dedicated leadership, focus and strategic flexibility to pursue its opportunity independently and maximize its long-term potential,” said the spokesperson.

This story was originally featured on Fortune.com

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Former secretary of state Antony Blinken outright denied on Wednesday that he told Qatar to wait to broker a deal between Hamas and Israel, as was attributed to him in a Tuesday Haaretz article.

“For the record, this is false. Complete fiction,” he wrote in a post on X/Twitter with a screenshot of his quote. 

Haaretz reported on Tuesday that UAE President Mohammed Bin Zayed Al Nahyan (MBZ) warned Prime Minister Benjamin Netanyahu that Hamas was planning a major operation against Israel days before the October 7 massacre. 

Since then, Netanyahu has denied the report and has threatened to sue the left-leaning Israeli daily. 

 US SECRETARY of State Antony Blinken is greeted by Qatari Minister of State Dr. Mohammed bin Abdulaziz al-Khulaifi, in Doha (credit: KEVIN MOHATT/REUTERS)

‘Haaretz’ claims Blinken told Qatar to wait on deal between Israel, Hamas

Later in the report, Haaretz claimed that Blinken spoke with Qatari Emir Sheik Tamim bin Hamad al-Thani on the evening of October 7. The Qatari emir reportedly told Blinken that he had offered to negotiate a quick deal. 

“There are hundreds of hostages in Gaza, and among them, in my estimation, dozens of civilians. They need to be released now. I offered the Israelis to mediate a quick deal for their release, but they are not interested,” said the emir.

The article says Blinken responded, “Let’s wait,” and added, “I will speak with Netanyahu personally.”

The former secretary of state also reportedly told the Qatari emir he would travel to Israel within three days of the conversation.

“Right now, the situation is complex,” Blinken said, as quoted by Haaretz. “Israel is still under attack, and there’s no one to talk to. We will wait three days.”

Notably, the UAE did warn senior US and Israeli officials that Israeli actions and rhetoric were “putting regional stability at risk” in the period leading up to the October 7 massacre.

Also on Wednesday, two sources familiar with the details told The Jerusalem Post that the Biden administration was unaware of any specific warning from the UAE before October 7 that Hamas was planning a major terror attack. 

Amichai Stein and Shir Perets contributed to this report.

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US President Donald Trump said on Thursday that he will grant a $5,000 dividend to all American citizens if the Republican Party wins both houses of Congress in the upcoming midterm elections.

Trump said he would do so because of the US’s “tremendous strength and success economically,” noting that the dividend would apply to all US adults.

He further noted that the dividend “must be spent in the United States of America,” saying he doesn’t want it spent in “Canada or Germany.” 

The US president made his comments while speaking at the Republican National Convention in Dallas, Texas, where he also said that he is considering renaming the Strait of Hormuz the “Trump Strait.”

“I should get something out of it,” he said. “I’m sure the Iranian leadership will be thrilled with that.”

This is a developing story.

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Multiple American military aircraft suffered damage in strikes overnight on the Muwaffaq Salti Air Base in Jordan, CBS reporter Jennifer Jacobs said on Wednesday on X/twitter.

One A-10 Thunderbolt, known as the Warthog, was struck and left with a missing wing, while roughly eight F-15s sustained light damage and were placed back into service, she added.

This is a developing story. 

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Five major Jewish organizations launched a “Jewish Students’ Bill of Rights” on Wednesday, calling on schools across North America to adopt new standards for combating antisemitism and protecting Jewish students.

The initiative was released by Jewish Federations of North America, the Anti-Defamation League, American Jewish Committee, the Conference of Presidents of Major American Jewish Organizations and StandWithUs as students return to school following years of elevated antisemitism.

It calls on schools and districts to take six steps, including training educators to recognize antisemitism, establishing clear systems for reporting incidents, and ensuring that teaching about Jews, the Holocaust, antisemitism, and Israel is accurate.

The document also calls on schools to protect students who express their Jewish identity or connection to Israel and to ensure that teachers present disputed political issues in a balanced manner rather than using classrooms to promote a particular political position.

The initiative comes as antisemitic incidents in US K-12 schools have remained stubbornly high even while the overall number of incidents declined.

CEO and National Director ADL Jonathan Greenblatt speaks onstage during the ADL Never Is Now Summit at The Jacob K. Javits Convention Center on March 16, 2026 in New York City.  (credit:  Noam Galai/Getty Images for ADL)

The ADL’s 2025 Audit of Antisemitic Incidents recorded 825 incidents at non-Jewish K-12 schools, compared with 860 the previous year. Overall, the ADL recorded 6,274 antisemitic incidents across the United States in 2025, down 33% from 9,354 in 2024.

According to the ADL, many incidents in schools involved peer-to-peer behavior, including antisemitic harassment, bullying and students drawing or displaying swastikas.

‘No child should have to choose’

“No child should have to choose between their education and their identity,” Jewish Federations of North America President and CEO Eric Fingerhut said.

“We are asking them to give Jewish students the same seriousness and the same protection that every other student in that building already receives,” he said. “The Jewish Students’ Bill of Rights is a crucial roadmap of how to do that.”

The six-point plan calls for administrators and staff to be trained to recognize contemporary forms of antisemitism and for schools to maintain transparent procedures for reporting and responding to incidents.

Schools should also ensure that material about Jewish culture, Jewish history, the Holocaust, antisemitism and Israel is accurate and representative, according to the document.

The groups called on schools to excuse absences for Jewish religious observances and avoid scheduling major school activities on widely observed Jewish holidays.

Another provision focuses on students’ ability to express their Jewish identity without being bullied or pressured to distance themselves from Israel.

The document also calls for educators to present contested subjects in a balanced manner.

“When a school does not know how to identify or respond to antisemitism, the lesson for every Jewish student in that building is that they do not belong,” ADL CEO and National Director Jonathan Greenblatt said.

“These six standards will set the textbook for what to do,” he added.

Jewish students facing pressure

AJC CEO Ted Deutch said schools should provide an environment in which students can participate without fear of harassment or exclusion.

“This Bill of Rights outlines common-sense principles that will help ensure that Jewish students, like all students, are able to safely, fully, and proudly participate in school life,” Deutch said.

Conference of Presidents CEO William Daroff said the beginning of the school year had become a source of anxiety for some Jewish students following incidents of harassment and bullying.

“For too many Jewish students, recent years have brought something very different: harassment, bullying, and anxiety in the classroom,” he said.

StandWithUs co-founder and CEO Roz Rothstein said Jewish children were too often placed in the position of having to explain Judaism, Israel, and antisemitism to their classmates and teachers.

“Far too many Jewish students carry the weight of educating others and defending their community against bias and bigotry in K-12 schools,” Rothstein said.

“It is time for the adults in the room, educators and administrators, to meet this moment with courage and moral clarity.”

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For centuries, French and Italian mountain communities on the flanks of Western Europe’s highest peak have gazed upon seemingly eternal glaciers and snow that gave the colossus its name: Mont Blanc, the white mountain.

But climate warming is dismantling the picture at alarming speed.

Europe’s record heat waves this summer savaged permafrost that for millennia has acted like glue on the Alpine landscape. Defrosting cliffs came apart as high-altitude cold gave way to higher temperatures, sending rock falls cascading from the heights. A famously dangerous rock-prone gully that climbers have long braved on ascents to the summit, 4,805 meters (15,766 feet) up, became temporarily impassable.

“We weep for our mountain, the way it’s changing. It hits us in the gut,” said Stéphane Bozon, a deputy mayor in Chamonix-Mont-Blanc, a French town at the foot of the giant that straddles France’s border with Italy.

“From mid-July onward, we saw an increase in rock falls. We saw areas becoming difficult to access because of glacial retreat and snowmelt on the glaciers, with crevasses opening up and rock collapses making some areas difficult to reach or traverse,” he told The Associated Press.

Each degree of warming can have an outsized impact. On the Aiguille du Midi peak, which rises to an altitude of 3,842 meters (12,605 feet) in the Mont Blanc range, average temperatures for July have soared. From a chilly 1.6 C (33.8 F) in 1994, the monthly average for this July was the warmest ever recorded, at 3.3 C (37.4 F), says Meteo France, the national weather service.

“The mountain really dried out, with temperatures unlike any I had ever experienced,” Bozon said.

The Himalayan flood disaster hits close to home in the Alps

In the wake of devastating floods in the Himalayas, AP talked to researchers, climbers and residents coping with the risks and uncertainties of climate change on Mont Blanc.

The Aug. 26 floods that swept through Nepal and China were triggered after a collapse of bedrock and glacier ice sent debris and water surging through multiple Himalayan rivers. Initial assessments of many scientists are that climate change played a key role in creating conditions for the catastrophe.

As Earth’s global average temperature rises because of the burning of oil, gas and coal, the chances of such disasters increase.

In the Alps, glaciers once admired for their icy majesty are being eyed with trepidation as they shrink and lose stability.

Bozon, who is in charge of safety for Chamonix, says his town urgently needs to prepare for “serious scenarios” of chunks of glacier or mountain potentially falling onto inhabited areas.

“We have to move quite quickly because this summer has shaken us and year after year we’re being shaken by the glaciers’ retreat,” he said.

In Italy, researchers are also documenting dramatic damage wrought by heat on glaciers this year. In Lombardy, Alpine glaciers have lost more than 40% of their surface area since 1991, according to the region’s glacier service.

“While it used to snow at high altitudes in the past, now it rains,” said Vanda Bonardo, head of the Italian branch of the International Commission for the Protection of the Alps, a nongovernmental organization.

“So we’ve also seen the effects on the stability of the terrain,” she said.

Rock falls in the Mont Blanc area have surged

Permafrost that has held Alpine peaks in its icy grip for thousands of years acts as a cement, helping to hold their steep rock faces together. It took a beating from the succession of heat waves.

“That doesn’t mean that all the rock faces will collapse in the coming years or decades but quite a number of them are on the verge of becoming unstable and remain stable today only because of the presence of that ice. As the ice changes, we have seen a huge, huge number of rock falls and rock collapses this year,” said Ludovic Ravanel, a researcher at Savoie Mont Blanc University who specializes in climate change’s impact on mountain snows, glaciers and frosts.

A collapse is a major fall involving more than 100 cubic meters (3,531 cubic feet) of rock — more than enough to fill a large shipping container. Ravanel expects this year’s tally of collapses in the Mont Blanc massif “will probably reach around 400.” He says that is about 10 times more than two decades ago.

The last time things got close to this bad was the ’’catastrophic year″ of 2022, he said, with nearly 300 collapses.

“This has really been one of the defining features of the summer of 2026,” he said.

A Mont Blanc climbing guide juggles the risks

Chamonix-based mountain guide Stuart MacDonald says it shocks him to see how rapidly and extensively glaciers that hang from the flanks of the Mont Blanc massif are retreating.

When he guides people up the peaks, he points them to “where the glacier was last year and this is where it was 10 years ago. And that usually has quite an effect.”

Melting and the risk of rock falls made his job “pretty challenging” this summer and forced him to cancel plans to lead a group to Mont Blanc’s summit last week.

“You hear it before you see it and then you’ll turn round and you’ll just see an enormous cascade of rocks coming down a slope and it can be quite terrifying,” MacDonald said.

“What’s most scary is that sometimes these rocks are falling on routes that we used to be climbing at this time of year,” he added. “It can be depressing sometimes when you look at something that you maybe climbed in July or August in the past and you see that it’s absolutely impossible to do it now.”

___

Leicester reported from Paris. Associated Press journalists Trisha Thomas and Paolo Santalucia in Rome and Angela Charlton in Paris contributed.

This story was originally featured on Fortune.com

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In July, Saudi Arabia and the United States bombed Iran-backed militias in Iraq after blaming them for drone attacks on Saudi oil facilities that had been claimed by Yemen’s Houthi rebels, another Iranian ally.

Now, regional officials tell The Associated Press that the Houthis helped the Iraqi militias plan and execute the two-day swarm attack, showing a new level of coordination.

Iran spent decades building up armed groups on Israel’s frontiers that suffered major losses in the wars following Hamas’ Oct. 7, 2023, attack out of Gaza. Israel battered the Palestinian militants as well as Lebanon’s Hezbollah, which had been Iran’s most powerful ally.

Regional officials and experts say Iran is now using the Iraqi militias and the Houthis to threaten Saudi Arabia and other American allies in the Gulf in order to drive up the costs of the war launched by the U.S. and Israel in February.

It is a risky strategy. A wave of Houthi attacks on Saudi oil facilities on Tuesday threatened to reignite full-scale war with the kingdom. Iraq has ordered militias to disarm by the end of this month, though powerful Iran-backed groups have refused to do so. A new American effort to economically isolate Iran could spark further escalation.

Iran-backed groups in Yemen and Iraq form a pincer movement

The Houthi involvement in the Iraqi drone attack was confirmed by two Saudi officials, citing intelligence, and a senior Iraqi security official. They said Houthi emissaries worked in an operations room run by Iraqi militias.

Saudi Arabia and the U.S. responded with joint airstrikes that killed at least 20 Iraqi fighters, six Iranian advisers and at least one Houthi official. The death of the Houthi, not previously reported, was confirmed by a Houthi official and an Iraqi militia member.

A U.S. military official said Houthis had been killed in previous strikes in Iraq. The U.S. is concerned about the Houthi presence there and their ability to launch attacks on other countries, including Saudi Arabia, the official said.

Two officials with the Popular Mobilization Forces, an umbrella group of militias that is officially part of Iraq’s security forces, denied involvement in the attack on Saudi Arabia and denied that the Houthis were operating under its auspices. The PMF includes powerful militias backed by Iran that sometimes act independently.

All the officials and the militia member spoke on condition of anonymity because they were not authorized to speak to media. The Houthis did not respond to a request for comment.

Cooperation grew during the war in Gaza

Cooperation between the Iraqi militias and the better organized Houthis had grown throughout the war in Gaza, when they coordinated attacks on Israel, according to the Houthi and regional officials. At the height of the war, Houthi leader Abdel-Malek al-Houthi spoke of a joint operations room.

After the U.S. and Israel attacked Iran on Feb. 28, Iran and its allies began firing on Gulf nations to broaden the conflict and inflict pain on major oil producers hosting American forces.

“Iran has a hybrid strategy in the current war. We are not fighting on one front and we are not using one tool,” Mahdi Mohammadi, an adviser to Iran’s parliament speaker, wrote on social media in June.

“The Houthis’ growing prominence during the Gaza war opened up a new horizon in Iraq. Many groups there became eager to support the Houthis, and in return, the Houthis started sharing their military expertise with Iraqi militias,” said Ahmed Nagi, senior Yemen analyst at the Crisis Group, an international think tank.

Now they are “squeezing Saudi like with pliers,” Nagi said.

Houthi blockade of Saudi Arabia ramps up pressure

A week before the drone swarm attack, the Houthis declared a blockade against Saudi shipping in the Red Sea, threatening another critical trade route as the wartime disruption of the Strait of Hormuz has jolted the world economy.

Since late July, the Houthis have carried out over a dozen attacks against Saudi oil facilities and tankers in the Red Sea, according to the war monitor group ACLED.

On Tuesday, they launched a wave of attacks on oil and other facilities in southern Saudi Arabia, wounding more than 70 people, including women and children, Saudi authorities said.

The Houthi blockade has forced Saudi Arabia to adopt a “dark” transit policy that includes turning off tracking signals on oil tankers in the Red Sea, according to ACLED.

Saudi oil exports are in the crosshairs

Saudi Arabia had diverted much of its oil to the Red Sea after Iran effectively closed the Strait of Hormuz. When the Houthis began attacking, the kingdom started shipping more oil north to the Suez Canal and Egypt’s SUMED pipeline, whose flows have risen from 650,000 barrels a day in June to over 1.9 million in August, according to global shipping monitor Kpler.

Last month, the Houthis showed they can target that route as well, striking a Saudi tanker in the northern Red Sea with a missile. The tanker had reportedly traveled from the Saudi port of Yanbu to the Suez Canal, some 1,000 kilometers (700 miles) from Houthi territory.

The Houthis “are willing to weather some shorter term pain for what they feel will be longer term gains,” such as extending their reach along the Red Sea coast, said Adam Baron, a Yemen expert at the New America think tank in Washington.

“The train to a return to full scale war has left the station, and it’s unclear if anyone is going to jump in to stop it,” he said, citing the U.S. focus on Iran and the Saudis’ reluctance to intervene in Yemen again.

The Houthis have their own reasons for fighting Saudi Arabia

The rebels seized Yemen’s capital, Sanaa, in 2014. The following year, the Saudis joined with Yemen’s internationally recognized government in a counteroffensive, likely fearing that the kingdom could end up with a Hezbollah-like group on its doorstep.

The civil war has killed at least 150,000 people, according to U.N. estimates, and at times pushed Yemen to the brink of famine. A ceasefire that had mostly held since 2022 is now in tatters.

For years, a Saudi-led blockade has raised pressure on the Houthis while exacting a heavy toll on ordinary people in rebel-held parts of Yemen.

The Houthis have often responded by escalating hostilities, and renewed fighting could allow them to gain control of energy-rich areas of eastern Yemen, said Elisabeth Kendall, a Yemen expert at Cambridge University’s Girton College.

The Houthis have no shortage of advanced weaponry

The Houthis, who control northern and central Yemen, have been smuggling in advanced weapons for years, circumventing the blockade and a U.N. arms embargo. Iran denies arming the rebels, but Iranian-made weaponry has been found on the battlefield and in intercepted shipments.

The rebels have an array of cruise and ballistic missiles, drones and unmanned submarines.

Saudi-backed forces in Yemen are fighting back on a number of fronts, including the crucial port city of Hodeida and the province of Taiz along Yemen’s west coast. The Houthis have attacked Mokha, the main Red Sea port still held by the government.

Saudi Arabia appears reluctant to directly target the Houthis again, but if the rebels continue to escalate, “it will have to act decisively once and for all,” Kendall said.

___

El Deeb reported from Beirut and Abdul-Zahra from Baghdad. Associated Press writer Abby Sewell in Beirut contributed.

This story was originally featured on Fortune.com

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The widow of a man killed in Sunday’s fiery Amazon jet crash in Miami has filed a wrongful death lawsuit accusing the retail giant and its aviation partners of negligence and a string of dangerous landing mistakes. 

Yaraisi Santiso Morejon alleged the disaster was caused by pilot error, inadequate personnel training and the use of an unairworthy aircraft, according to the complaint reported by Courthouse News.

Her husband, Yoel Rodriguez Naranjo, was among five people killed when the Boeing 767 overran a runway at Miami International Airport and slammed into two vehicles before erupting in flames.

Morejon also alleged that the flight was conducted under hazardous conditions, citing an active thunderstorm in the area, the outlet reported. 

DATA SHOWS AMAZON JET’S KEY BRAKING SYSTEMS DID NOT DEPLOY DURING DEADLY MIAMI CRASH: NTSB

“This disaster was not an unavoidable accident,” Morejon said. 

The complaint named the pilots as Captain Joseph Carroll, 55, and co-pilot Jaime Felipe Silva Molina, 37, accusing them of touching down far past the safe zone on the runway.

The plane reportedly landed more than 40 knots, or 46 mph, faster than the recommended speed, touched down 4,000 feet past the target zone and failed to perform a proper nose-flare maneuver, in which the pilot gently raised the aircraft’s nose just before touchdown to slow its rate of descent.

When the approach became unstable, the pilots failed to execute a mandatory go-around or declare an emergency, the suit alleged.

The jet ultimately plowed through the perimeter fencing and overran the runway by about 1,300 feet.  

VICTIMS IDENTIFIED IN FATAL AMAZON CARGO JET CRASH AT MIAMI AIRPORT

The National Transportation Safety Board (NTSB) on Tuesday said investigators are still working to determine what happened during the crash and have not released an official cause. 

Flight operator 21 Air was also accused of inadequately training its pilots, providing poor crew supervision and imposing demanding flight schedules.

Prior safety complaints from former employees were also ignored or suppressed, according to the outlet. 

Crews were reportedly pushed to fly without proper rest, pilots with limited English skills were allowed to fly and aircraft remained in service despite ongoing problems, the suit alleged. 

In a statement to Fox Business, Amazon said every jet operated on its behalf was flown by an FAA-certified air carrier under FAA-approved operations and maintenance programs. 

“The FAA actively oversees each carrier’s programs and any changes are individually reviewed and approved by the FAA,” the company said. “These programs require: licensed individuals to perform regulated activities, recurrent training of licensed personnel, and routine aircraft inspections and maintenance at regular intervals.”

After the incident, 21 Air issued a statement extending its condolences to those impacted. 

“Our deepest condolences are with the families and loved ones of those who lost their lives. Our immediate priorities are supporting those affected, assisting the authorities, and ensuring that accurate information is communicated as it becomes available,” the operator said. 

AMAZON CARGO PLANE OVERRUNS MIAMI AIRPORT RUNWAY AND STRIKES ‘MULTIPLE’ VEHICLES; 5 DEAD, 5 INJURED

Meanwhile, the aircraft owner, Atlas Air, was accused of supplying an aging 32-year-old plane and failing to ensure that critical stopping systems were fully operational and safe. 

Authorities on Tuesday revealed that key braking systems, including speed brakes and thrust reversers, were not deployed during landing, citing available recorded data recovered from the crash. The NTSB said investigators will continue analyzing the circumstances of the incident. 

Amazon was also named in the suit for allegedly failing to adequately oversee the operations. 

In a statement, the retail giant expressed its sympathies to those affected by the crash and said it was working with investigators and its operators on the matter. 

Amazon added that using independent air carriers was “standard practice in commercial aviation.” 

“Major U.S. (and foreign) passenger airlines also contract with independent carriers to operate flights under their brand but as separately certificated and regulated air carriers,” Amazon said.

This post was originally published here. 

Israel opened its first embassy in Slovenia on Wednesday, signaling warming relations after populist Janez Janša formed a center-right government following elections in March.

Foreign Minister Gideon Sa’ar opened the embassy in a ceremony attended by his Slovenian counterpart, Tone Kajzer.

“This is the fifth new Israeli embassy within a year and a half,” Sa’ar noted in an X/Twitter post. “We have friends in Europe and around the world, and we must strengthen relations and cooperation with them.”

Slovenia’s Foreign Ministry marked the event as “an important milestone in relations between our two countries.”

“An embassy is more than a diplomatic mission,” it said. “It is a bridge between our countries, economies, institutions and people. We want today’s opening to mark the beginning of a period of greater dialogue, stronger cooperation and, above all, more tangible results for the benefit of our people.”

Foreign Minister Gideon Saar and the Slovenian Foreign Minister Tone Kajzer sign a memorandum of cooperation in Ljubljana, Slovenia, September 9, 2026.  (credit: REUTERS/BORUT ZIVULOVIC)

Earlier on Wednesday, the Israeli Foreign Ministry released a statement saying that Slovenia’s new government and Prime Minister Janša “have demonstrated their friendship toward Israel through both words and actions, and have expressed support for Israel within the European Union.”

The rapprochement comes as Israel faces growing diplomatic isolation elsewhere, including import bans from Britain, France and Canada on products from Israeli settlements.

A turnaround for the first European country to recognize a Palestinian state

The embassy’s opening marks a sudden turnaround for Slovenia, a tiny Alpine country which is a member of the European Union and the NATO military alliance. Under the previous government of liberal Robert Golob, it was one of a few European countries to recognize a Palestinian state.

The move is not universally popular in Slovenia. 

Protests were scheduled against the opening of the embassy on Wednesday evening by student movements, a left-wing political opposition party and pro-Palestinian groups.

Slovenia one of first EU countries to ban West Bank imports, PM Netanyahu

Slovenia was also among the first EU countries to ban imports from the West Bank and entry for Prime Minister Benjamin Netanyahu and his two hardline ministers, decisions the new government quickly revoked.

Israel was among the first countries to recognize Slovenia’s independence, and the two established diplomatic relations in 1992. Slovenia opened an embassy in Israel in 1994, while Israel had been represented until then by a non-resident ambassador.

This post was originally published on here. 

Good morning. Most CFOs aren’t giving up on junior talent. They’re giving up on the old way of developing it.

That’s the subject of a conversation I had with James Tucker, who leads corporate finance and strategy globally at Boston Consulting Group (BCG). Tucker talks to hundreds of finance chiefs a year. His read: entry-level hiring hasn’t totally stopped, but the job itself is being rewritten in real time.

“The old reliable model was, ‘I’ll hire people who’ve studied and got their accounting certificates, and what they’re really good at is doing a replicable task at a high level of accuracy and quality,” Tucker said. Firms hired large cohorts to do routine finance work, like reconciliations, journal entries, and basic reporting. They then watched who rose to the top.

AI is changing that.

What replaces the old model, in Tucker’s framing, is a pillar: fewer people, hired for judgment rather than task execution, operating as quality control on top of AI-built systems rather than producing the numbers themselves.

That’s the tension. The work AI is taking over is also how junior employees traditionally developed judgment. AI can do the research, drafting and problem decomposition; junior employees get fewer chances to practice those skills.

The concern is showing up in the data. A recent working paper by Harvard researchers suggests generative AI adoption can reduce hiring of junior workers, particularly in AI-exposed jobs, while having much less effect on existing senior workers.

In a BCG global study of C-suite leaders, half said they’re already seeing “de-skilling” in their organizations, and more than 60% expect it to become a material problem within three to five years. More than half cited slower junior-talent development as an underlying driver.

So what should CFOs do?

Tucker’s answer is to replace volume with concentration—and automation with apprenticeship. Rather than spreading the remaining manual, judgment-based work, such as the roughly 10% of reconciliations that resist automation, across a large junior class, firms should concentrate those reps on fewer people so an experience curve still forms.

Junior staff also need to be in the room for real decisions, not processing “widgets” in the back office, so they absorb judgment through observation and repetition. Rotations between finance and the business can help, too. Tucker sees a consistent gap in junior talent: strong technical acumen, weak business acumen. Getting people closer to pricing, operations, and strategy gives them context that spreadsheets alone can’t provide.

Hiring criteria are shifting accordingly. Accounting skills are still desired, but there’s more focus on pattern recognition and the instinct to know when an output looks wrong.

Sheryl Estrada
Sheryl.Estrada@fortune.com

This story was originally featured on Fortune.com

This post was originally published here. 

For a few hours on Monday, it looked as though Israeli junior Dan Brand was about to write the same comeback story he had produced one day earlier at the US Open.

Instead, his second-round singles match became a heartbreaking lesson in just how quickly the fortunes of a young tennis player can change, and how much support can mean when they do.

Facing fellow 17-year-old American Andy Johnson, the tournament’s No. 10 seed and the world’s No. 12 junior, Brand again dropped the opening set before fighting his way back. But this time, just as he appeared to have seized control, severe cramping throughout his body brought his singles run to an abrupt end.

Brand lost the first set 6-2 in 28 minutes, going down 2-0 before beginning to find his rhythm in the second. He raised the intensity of his play, became more aggressive and began dictating the pace, winning four consecutive games to take a 4-2 lead before closing out the set 6-3.

It was almost a carbon copy of Sunday’s first-round match, when Brand had also quickly dropped the opening set before battling back to win the next two.

Tennis balls with the US Open logo are seen on the court prior to the start of the men's singles second round tennis match between Russia's Daniil Medvedev and USA's Sebastian Gorzny on day four of the US Open tennis tournament; illustrative (credit: TIMOTHY A. CLARY / AFP via Getty Images)

With the momentum and a partisan crowd firmly on his side, Brand appeared poised to mount another comeback.

But Johnson held serve to open the third set and then broke Brand for a 2-0 lead. With Brand trailing 2-0 and facing a 40-30 deficit, he suddenly clutched his right elbow and went to his corner to towel off. He returned to serve underhanded, lost the final point of the game and fell behind 3-0.

Brand then called for a three-minute medical timeout. A trainer evaluated him, had him lie down on the court, and appeared to treat his calf.

Brand would later explain that he was experiencing cramping throughout his body rather than dealing with an injury. He said he had experienced similar cramping before.

When he returned, he managed only two points over the next three games, serving some points underhanded, as Johnson closed out the decisive third set 6-0.

Jewish fans rally around Israeli junior

Yet even as the singles match slipped away, the support around Brand only grew louder.

The enthusiastic, heavily pro-Brand crowd was visibly disappointed and concerned for the young Israeli. Many remained afterward, waiting to take even more photographs and collect more autographs than they had following Sunday’s match.

A number of spectators were visibly Jewish, wearing yarmulkes and skirts. Some had read about Brand in the Jerusalem Post, while others had simply heard his name and “Israel” announced on the tournament schedule and made their way to Court 6 for the fourth match of the day.

Eli Shaer of Great Neck, Long Island, was there with his two children, nieces and nephews, and was among those cheering Brand on.

“He is incredible,” Shaer said after Brand’s second-set comeback. “He is very strong offensively, and he shows Jewish pride.”

Shaer was also struck by the size of the crowd for a junior match.

“It is over 50% full, and they are all here for Dan,” he said.

Martin Friedman of Staten Island, New York, attended with three friends, drawn to the match by a sense of Jewish pride.

“From far away, you smell family on the side court,” Friedman said. “You want to support our nation and our brethren, we are one big happy family.”

Brand faces one of world’s top juniors

Brand was facing a formidable opponent. Johnson, ranked No. 12 in the world among juniors, has already competed as a professional and made history in February when he became the youngest player to win an ITF World Tennis Tour men’s singles title since Carlos Alcaraz did so in July 2019. Johnson won the M15 Sunrise, Florida tournament at 16 years and 176 days.

The statistics reflected a competitive match despite the difficult ending. Both players reached serves of 119 mph, with Johnson averaging 94 mph and Brand 91 mph. Neither player recorded an ace. Brand finished with 39 unforced errors to Johnson’s 20.

For Brand, however, there was little time to dwell on the loss.

Brand rebounds with US Open doubles victory

After resting and rehydrating, he returned to the court Tuesday for the doubles competition, teaming with 18-year-old Austrian Thilo Behrman, the world’s No. 6 junior in both singles and doubles. The pair entered the tournament as the No. 5 seed and faced Connor Doig of the Republic of South Africa and Dimitar Kisimov of Bulgaria in the opening round.

This time, Brand walked away with a victory.

Brand and Behrman defeated Doig and Kisimov 6-3, 6-3 in just over an hour, advancing to the round of 16.

Watching from the coach’s box was Robert Raguz, who has been coaching Brand and a cohort of promising international juniors as part of the Grand Slam Player Development program. Raguz has been impressed by the Israeli’s ability to read and adjust to his opponents.

“He is very good at adapting to find his opponent’s weakness, and he has a high tennis IQ,” Raguz said.

The coach believes Brand’s next steps are to develop greater intensity and find more opportunities to train against high-level practice partners who can push him.

For Brand, the doubles victory offered an immediate opportunity to put Monday’s disappointment behind him – while continuing to enjoy an experience he clearly does not want to end.

“The experience here is amazing, the atmosphere is crazy, there are a lot of people, I like it!” Brand said.

He has particularly enjoyed seeing Jewish and Israeli fans filling the stands and cheering him on.

And with Behrman, Brand believes he has found a doubles partner with whom he can continue building something special.

“We are a good team together and hope to continue tomorrow,” Brand said.

The next challenge will come against Yannik Alvarez of Puerto Rico and Ryan Cozad of the United States in the round of 16.

After a painful singles exit, Brand has already shown that he is ready to get back on the court and keep playing.

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Argentina’s government announced on Monday that it will file a criminal complaint against Navitas Petroleum, an Israeli oil company, for operating in the Falklands.

The announcement came from Argentine President Javier Milei’s office and included complaints against several petroleum companies operating in the area.

According to the announcement, Navitas has been operating under the license of the United Kingdom’s “illegitimate government,” with the complaint aiming to “protect natural resources and safeguard the sovereignty of the Argentine Republic over the Malvinas Islands, South Georgia and the South Sandwich Islands, and the corresponding maritime and insular spaces, as they are an integral part of the national territory.”

The status of the Falkland Islands is disputed between Argentina and the UK, with both claiming sovereignty over the territory.

The complaint follows a January report by N12 News that Argentina reportedly delayed moving its embassy to Jerusalem because of bilateral tensions over Navitas’s plans to drill oil from a field near the Falkland Islands.

 Javier Milei at the Western Wall, February 6, 2024 (credit: WESTERN WALL HERITAGE FOUNDATION)

Argentina: Navitas’s plan to drill ‘unilateral and illegitimate’

The Argentine Foreign Ministry said in December that Navitas, along with partner British company Rockhopper Exploration, had not obtained the proper permits and that their plans were “unilateral and illegitimate.”

The ministry warned of “potentially irreversible future consequences” if the plan proceeds, with both companies banned from drilling in Argentina for drilling without a permit.

Argentine sources told N12 at the time that they considered the plan to be “the theft of a natural resource that belongs to them.”

Mathilda Heller contributed to this report.

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British members of a Somaliland-Israel friendship movement criticized the UK government’s policies toward Israel and said they had urged their community not to vote for the governing party, according to a statement sent to The Jerusalem Post.

The statement, issued under the name of the Somaliland-Israel Friendship & Abrahamic Movement’s UK branch, said its British members wished to “make our position clear.”

“We strongly criticize the current policies of this UK government towards Israel,” the statement read. “These policies do not represent the will of the British people living in the UK.”

The group described Israel and the United Kingdom as “inseparable brothers,” citing a relationship built on history, shared values, democracy, and efforts to promote peace and stability in the Middle East.

The statement further accused the current UK government of abandoning the relationship and adopting what it called an “outdated, double-standard policy.”

Britain's Foreign Secretary Ed Miliband speaks at the House of Commons in London, Britain, September 8, 2026. (credit: House of Commons/Handout via REUTERS)

“Therefore, we as British-Somalilanders have suggested to our community not to vote for this party that is currently in power, because it has opposed Israel and betrayed the true friendship between our two nations,” the statement said.

“We stand with Israel. Yesterday, today, and forever,” it added.

The statement was signed by Eng. Ahmed Abdillahi Dirie.

UK-Israel relations strained over settlement sanctions

The statement comes amid heightened tensions between Israel and the United Kingdom following new British measures targeting Israeli settlements in the West Bank.

British Foreign Secretary Ed Miliband announced on Tuesday an import ban on goods from what Britain considers illegal settlements in the West Bank, as well as sanctions targeting certain individuals and businesses providing services connected to settlement expansion.

Miliband said during his announcement that he was “unwavering in [his] support for the state of Israel,” while maintaining his support for a Palestinian state.

British Prime Minister Andy Burnham defended the measures in parliament on Wednesday, calling the decision an example of British “leadership on the world stage.”

Miliband also defended the sanctions on Wednesday, saying he was “proud” of the decision because “it was the right thing to do.”

Israel responds to UK measures

In response to the British measures, Foreign Minister Gideon Sa’ar announced that Israel would close the UK’s consulate in east Jerusalem and expel British representatives from the Civil-Military Coordination Center (CMCC) in Kiryat Gat.

Israel’s countermeasures also included ending British training of Palestinian Authority security forces in Ramallah and banning 12 British elected representatives and other British nationals from entering Israel.

Sa’ar said that Israel had “nothing against the British people” and maintained that Israel had many friends in Britain while sharply criticizing the policies of the current British government.

The Somaliland-Israel relationship has also expanded in recent months. Somaliland opened its embassy in Jerusalem in June during President Abdirahman Mohamed Abdullahi’s first official visit to Israel following the establishment of diplomatic relations between Israel and Somaliland last year.

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A new initiative to combat antisemitism was launched on Wednesday by Israeli United Nations Ambassador Danny Danon ahead of the upcoming UN secretary-general election.

“The words ‘Never Again’ were not meant to be a slogan,” said Danon. “They were meant to be a commitment. Words, declarations, and statements are not enough to fight the rising antisemitism on the streets, in synagogues, in universities, and even here at the United Nations.”

The move, which comes as antisemitism rises around the world, aims to explore ways to turn statements and condemnations into coordinated international action.

The initiative involved the identification of emerging antisemitic threats, as well as the development of tools and policies to combat the threats. Participating countries will coordinate diplomatic efforts to achieve these goals.

“It is time for action,” Danon declared. “We thank the countries who have already committed to joining us on this important mission. This mission is not the responsibility of Israel and the Jewish people alone. It is the responsibility of the entire international community.”

A new initiative to combat antisemitism was launched by Israeli United Nations Ambassador Danny Danon, September 9, 2026. (credit: Courtesy)

Danon pushes for prioritization of fight against antisemitism

Danon called for the prioritization of the fight against antisemitism when the international body chooses its next secretary-general, further requesting that more countries join the initiative.

US Ambassador to the UN Jeff Bartos also spoke at the initiative’s announcement event, saying the world is “facing a global pandemic of antisemitism.”

“That is irrefutable,” he emphasized. “Here at the United Nations, special rapporteurs who represent this organization are staining its reputation, its dignity, and discrediting the important work of other UN workers”.

Also speaking at the event, EU Coordinator on Combating Antisemitism Katharina von Schnurbein described the fact that many Jews feel the need to hide their identities as Jews as “fully unacceptable.”

“There can be no excuse for antisemitism,” she said. “It cannot be tolerated anytime or any place.”

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Artificial intelligence is rapidly becoming table stakes. Within a few years, every large company will have access to broadly similar predictive capabilities. And when prediction becomes a commodity, it stops being a source of competitive advantage.

The next frontier is not knowing what might happen. It is deciding what the enterprise should do about it — across thousands of interconnected choices, competing objectives, and finite resources. This is the decision-making gap, and it is where much enterprise value will be won or lost over the next decade.

 The Problem No System Was Built to Solve

Consider the final weeks of every financial quarter. The Accounts Payable team is holding payments to protect liquidity. The Accounts Receivable (AR) team is accelerating collections to hit the receivables target. The sales team is deciding which deals to pull forward, which AR disputes to escalate, and which customers to offer a concession. Three functions, each making the rational local decision,  and together producing an outcome that would not have been chosen for the enterprise as a whole.

AI can predict which opportunities are likely to close, flag which receivables are at risk, and estimate whether a commercial concession might improve close probability.

But prediction does not answer the question that ultimately matters:

What should the company actually do?

A discount may protect revenue while eroding margin. Resolving an AR dispute too quickly may protect cash but signal financial weakness. Pulling a contract forward may secure short-term revenue while damaging a strategically important relationship. These decisions cannot be made function-by-function. Executive attention, legal capacity and commercial resources are finite. Sales decisions ripple through finance, cash flow, delivery, risk and future customer value.

The real challenge is to identify the coordinated portfolio of actions that creates the strongest enterprise outcome across all these dimensions simultaneously. That is not primarily a prediction problem. It is a decision-space problem.

Real enterprise decisions are complex. They include multiple discount levels, payment structures, delivery limitations, cash targets, margin thresholds and customer relationships that must be protected.

To keep these decisions manageable, companies simplify them before calculation begins. They reduce scenarios, exclude interactions, convert complex trade-offs into fixed rules and optimize sales, finance and operations separately.

The calculation becomes easier, but the business problem becomes less realistic.

A New Enterprise Category

A new enterprise technology category is emerging to address this gap: Enterprise Decision Computing.

Enterprise Decision Computing turns a business decision – its possible actions, objectives, constraints, uncertainty, interdependencies, and economic consequences – into a computable enterprise object that can be solved and optimized as a whole.

Enterprise Resource Planning systems execute processes. Business intelligence explains the past. AI predicts outcomes. None of these – either separately or together – answer tells a business what coordinated set of actions the enterprise should take, given its goals, constraints, uncertainties, and the interdependencies between its functions.

This is not a rebrand of Operations Research, which solves defined problems. It is the enterprise layer in which the decision itself is continuously represented, governed, measured and improved.

Enterprise Decision Computing matters today, regardless of what happens with quantum computing. Classical optimization, simulation and AI can already evaluate richer decision models than most companies currently use. The first competitive advantage is available now.

Enterprise Decision Computing creates the enterprise layer in which the decision itself is continuously represented, governed, measured and improved – bringing mathematical optimization, simulation, AI and human judgment together around a shared representation of the decision and its value.

Where Quantum Earns Its Place

As someone who has spent years at the intersection of quantum computing and enterprise operations, I find the current conversation about quantum curiously misdirected. Most of it focuses on hardware milestones: qubit quality, error correction, the road to fault-tolerance. These advances matter. But they answer the wrong question. The question is not when quantum hardware will be ready. It is what quantum will actually be asked to compute once it is.

The answer lies in progressive decision enrichment. Begin with a classical model that considers revenue, closing probability and available sales resources. Then add a layer, such as margin and payment terms. Then cash-flow timing, AR dispute status and delivery constraints. Then portfolio-wide interactions and long-term customer value.

Each additional layer makes the decision more realistic, but also more computationally demanding. Most layers are solvable classically today and already create measurable value. But at a certain point, a layer becomes too interconnected, too constrained, too rich for classical methods to handle without forcing simplifications that hollow out the answer. For those classes of highly interconnected problems, quantum methods may eventually allow richer models to be evaluated without stripping away the interactions that make the answer realistic.

That is the precise point at which quantum earns its place – not as a wholesale replacement, but as the capability that allows another valuable dimension to be included rather than left out.

The competitive advantage does not begin with quantum. It begins with the decision model. Quantum’s role, when it arrives at commercial scale, will be to extend that richness further. Not to create it.

The Decision Every C-Suite Faces Now

Decision debt compounds the same way financial debt does: quietly, until it is not. The credit downgrade that one enterprise avoided was not a future risk. It was a present one, invisible only because no system had been designed to see it.

There are concrete actions that CEOs and boards can take now. Identify one high-frequency, high-stakes domain where sales, AP, AR or Treasury currently optimize independently. Run a baseline model. Measure what the coordinated answer looks like against what the siloed answer produced. The investment required is modest. The cost of not having that data when your competitors do is not.

The next competitive frontier is not which enterprise has the most data or the most capable AI. It is which enterprise builds the most capable decision architecture, one that can hold the full complexity of an operating business and identify coordinated actions that no individual function could have identified alone. That architecture is buildable today. The question for every C-suite is not whether to build it. It is whether to build it first.

The Real Bottleneck

From my vantage point, I repeatedly see the same initial bottleneck in enterprise quantum work. It is rarely access to a processor. It is the absence of a precise, enterprise-wide representation of the decision that the processor is supposed to improve.

A quantum-ready company is one that understands its most consequential decisions deeply enough to know where additional computational richness would create value. The organizations that will create the greatest value from quantum will not be those that access the technology first. They will be the companies that understand precisely where today’s simplified decisions are leaving value behind, and where quantum can add the missing dimension.

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

This story was originally featured on Fortune.com

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A new documentary set for release next month offers a rare glimpse inside disgraced Theranos founder Elizabeth Holmes’ life in the final weeks before she entered federal prison.

The trailer for A24’s “You Can See Everything,” released this week, shows Holmes in a candid conversation with filmmaker Nathan Fielder as she repeatedly insists she is not deceiving him.

“I’m not that person, I can promise you that,” Holmes says. “I don’t have anything to deceive you on. Of course, I’m not deceiving you.

“I’m engaging with you as a human being. Why would I deceive you? There’s no reason for me to do that.”

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Fielder responds, “OK. Alright. OK, good chat. … You’re being real right now?” 

“I’m always being real,” Holmes responded.

The trailer debuted as the documentary premiered at the Telluride Film Festival over the weekend, The New York Times reported.

According to A24, Holmes invited a “skeptical film crew” to document her life 34 days before she reported to prison.

“What begins as an intimate portrait of an enigmatic felon becomes a mind-bending three-year journey into the abyss,” the studio says in the film’s synopsis.

BANK OF AMERICA VP KILLED IN TIMES SQUARE STABBING ATTACK

The film features intimate conversations between Holmes and Fielder and, according to The New York Times, reveals that Holmes and her partner, Billy Evans, discussed plans to launch “a new and improved Theranos.”

“I don’t know why I’m there,” Fielder said during a post-screening Q&A at Telluride, according to The New York Times.

Fielder said he repeatedly gave Holmes and Evans opportunities to stop filming, the outlet reported.

“I’m really struggling to this day to understand what I experienced,” he added. “I’m excited for this movie to come out and for people to help me with what I experienced.”

Holmes, 42, founded Theranos on claims its technology could perform hundreds of medical tests using just a few drops of blood. Prosecutors said those claims were false and that she defrauded investors by misleading them about the company’s technology and business. Holmes was convicted on one count of conspiracy to commit fraud and three counts of committing fraud Jan. 2, 2022. 

Theranos shut down in 2018.

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Holmes was originally sentenced to more than 11 years in federal prison, but a federal judge reduced her sentence by one year in March.

She remains incarcerated at Federal Prison Camp Bryan in Texas.

Fox News Digital’s Landon Mion contributed to this report.

This post was originally published here. 

British sanctions will impact wine imports and Israeli wineries in the short term, but will have little negative impact in the long term, two wine businesses told The Jerusalem Post.

On Tuesday, UK Foreign Secretary Ed Miliband announced an import ban on goods from “illegal” settlements in the West Bank. He was joined by 11 other countries that all introduced varying import bans or sanctions.

One of the most affected goods, if the ban goes into effect, will be wine from settlement wineries because they are well-labeled and exported in high numbers.

The Post reached out to Aaron Schapiro of London-based Arele’s Kosher Wines, which stocks one of the biggest selections of Israeli and kosher wines in the United Kingdom.

View from a winery in Or HaGanuz located in the Upper Galilee, April 20, 2008. (credit: YAAKOV NAUMI/FLASH90)

‘I’m imagining it will go very hard on us’

“We don’t know [the impact] as long as things don’t go into effect, but if it does, I’m imagining it will go very hard on us,” Schapiro told the Post Tuesday.

He said that many Israeli wines stocked by UK stores are produced in settlement wineries – for example Psagot, Gush Etzion and Shiloh.

“If we can’t import them, we will lose more than half of our inventory,” he told the Post.

“The thing is, the consumers of these wines specifically want Israeli wines,” he explained. “I don’t know how far they’ll go to find the substitute and to go to the French or go to the Italian. Maybe they will choose to buy just the Israeli wine that is not sanctioned, but that will be a very small amount of wineries.

“So in terms of the effect on our business, then then then then the turnover will be less sales – that’s a massive impact.”

Schapiro mentioned a friend who stocks Israeli wines in Belgium, which already announced a goods ban in July 2026.

“Some of the wine he is bringing in is from so-called occupied territory, and no one has stopped him. But it’s a very risky situation.”

Schapiro also raised the question of how Britain and the other boycotting nations will determine what wines to sanction and which are acceptable.

He explained that there are wineries that are situated in internationally recognized Israel, but which grow or obtain their grapes in the settlements, and vice versa. For example, commercial giants like Carmel and Barkan source substantial portions of their grapes or operate industrial park facilities in the West Bank and Golan Heights.

“So, how are you going to know what is coming from where? It’s very tricky.”

If it does go into effect, Schapiro thinks that importers of kosher settlement wine will be able to exempt it from sanctions by empathizing the religious necessity of having it.

Religious exemptions yield further complications for businesses

Miliband mentioned a religious exemption for imports, and kosher wines and grape juices are required for many Jewish practices and celebrations.

As a result, unfermented kosher grape juice for use at Jewish rituals like Seder or Kiddush is zero-rated for VAT, provided it is prominently marked in English as “for sacramental use only”.

Schapiro suggested that kosher wine could be deemed ‘for sacramental use’ and therefore exempt from the ban. In fact, the same could be said for many, if not all, kosher products exported from Israel.

For these reasons, Schapiro told the Post he is not overly worried about the impact of the sanctions, and thinks it was mainly a political stunt.

“I believe it’s something good is gonna come out of this,” he told the Post.

The Post also spoke to Psagot Winery CEO Yaakov Berg. Psagot is the largest settlement winery, and exports about 60% of its wines, or around 350,000 to 750,000 bottles a year. Kedem Europe imports Psagot wines into the UK, and major supermarkets such as Tesco also stock them, along with smaller kosher stores like Arele’s and Kosher Kingdom.

Berg told the Post on Wednesday that, in the short term, “it will hurt our business” but “in the long term, everything will be okay.”

Berg acknowledged that wine is easier to sanction than other products because wineries directly label their products and where they come from, unlike a tomato, which could have been grown anywhere.

But Berg said he has been boycotted many times before, and has survived each time.

“When I started the winery 20 years ago, the first harvest was 3,000 bottles. Last year’s harvest, we produced more than 1 million bottles. We really don’t care about the boycotts; it’s not going to affect us.”

“We are proud Jews. We are not afraid of them. We are not going to change anything,” Berg added.

Berg nevertheless lamented the sanctions for what they represent for him: pure antisemitism.

He told the Post that he has traveled much of the world, and almost everywhere he has been he has found British history – and “it’s not such a nice history.”

“Usually the British conquered the place, and then they took everybody as slaves, and it’s [relatively speaking] not such a long time ago. The Jewish people, we have a history of 4,000 years here. The land that I’m growing my grapes on, and on which I have my winery, we have been here 4,000 years, and the British people did not even exist yet.”

“Abraham, Isaac, and Jacob stood here 4,000 years ago. King David built his kingdom here exactly where I’m standing now, 3,000 years ago.”

“And yet this is the only place the British people boycott. It is pure antisemitism. Antisemitism always starts like this. First, they say, we just want to mark the Jews. Then they say, ” It’s forbidden to buy from the Jews.”

“We need to stand up and say: ‘You just hate Jews. You just put it in a very nice package.”

The longevity of the Jewish people is exactly why Berg is not worried. To those who wish to single out and harm the Jewish people, he has one message: “We are not afraid of you. We are much stronger than you. In 100 years, I’m not sure if England will exist, but I am sure that we will exist here.”

This post was originally published on here. 

LONDON — A U.K. commission on Thursday unveiled its recommendations for how the country should regulate artificial intelligence in medicine, as health authorities globally try to determine how to continuously review ever-changing products after they have been authorized instead of simply clearing them once for the market. 

In its report, the commission sought to strike a balance between ensuring that the U.K. takes advantage of AI’s potential in medicine — the ability to review the millions of scans that are generated each year to track the eye health of patients with diabetes, for example — while prioritizing safety, tracking device performance over time, and treating patients equitably.

The 44 recommendations include some that would allow for the staged authorization of new AI models and others that would build a system for providers to report how tools are performing in their clinics — including when they malfunction or potentially inhibit patient care — as the models learn and adapt and perform differently depending on the setting.  

Continue to STAT+ to read the full story…

This post was originally published here. 

President Trump will speak to the nation tonight from the GOP midterm convention at Dallas. To quote my friend Kellyanne Conway, the GOP has the money, the message, but they don’t have the right sales pitch. That’s Mr. Trump’s assignment tonight, and there’s no one who can make a sale the way he can.

We already got a preview that he’s on message, when he told reporters at the airport that “we’re heading over to Dallas. I think we’re going to have a tremendous crowd tonight. Sold out. Looks very big. It looks very exciting. And we’re going to, explain what we’ve done.” 

Mr. Trump added: “We’ve done things that have never been done in the first term or the second term, frankly, of a president. The economy is very strong. The investment in our country is the biggest in the history of any country, not just our country. We have factories being built all over the world right now. And it’s very exciting to see.”

I have said again and again, we’re in an economic boom. It should be the biggest story in this election. It may be the greatest story never told up until now, but I believe Mr. Trump will tell it. And when he does, it will have a powerful impact. Now here’s some more advice from Senator Ted Cruz yesterday: “I would say, objectively speaking, the last two years, with Donald Trump in the White House and a Republican House and Senate, we have won more conservative victories in these two years than any time since you and I have been alive.”

Mr. Cruz added that we have seen “the largest investment in border security in American history, over $100 billion, and illegal border crossings dropping 99 percent. The murder rate, down 20 percent nationwide. Crime in general. The number of deaths from drug overdoses, down twenty percent. You look at the biggest tax cut in American history, no tax on tips, no taxes on overtime, no tax of Social Security.”

The Texas senator concluded: “And then two provisions that were in that bill that I think are the most consequential. The biggest federal school choice program ever enacted, and the Trump accounts, and both of those I authored”

We’re a business show, so I’m going to focus on the economic story, which is the strongest manufacturing boom in many decades. From the Federal Reserve’s production index, computer and electronics year-over-year are rising by 10 percent. High tech and semiconductors are rising by 12 percent. Business equipment overall, up 7 percent. That’s CapEx.

Institute for Supply Management indexes for manufacturing are up eight straight months. Durable goods, the heart of manufacturing shipments, are up 11 percent year over year. Orders are up 13 percent. Construction is booming. And goods-producing jobs are booming, up almost 100,000 so far this year. Construction jobs are rising by double-digit percentage points every month recently.

Total wages are up more than 4 percent and beating inflation. We just had a huge jobs report and with revisions it was up over 220,000. Since Mr. Trump has been in office, private payrolls have increased by more than a million, while federal government payrolls have fallen by more than 300,000.

Mr. Trump’s tax cuts, and lighter regulation, and “drill, baby, drill” have restructured the economy back to free enterprise, and away from President Biden’s big-government socialism. It’s a huge change. Along the way, productivity and profits have boomed, stock markets have set records, the wealth of Americans is now more than $180 trillion. And by some measures, as many as 156 million Americans have shared in the stock market wealth creation.

Here’s what Treasury Secretary Scott Bessent, taking a time out from his economic-strangulation Iran-war responsibilities, had to say about the economy at Southern Methodist University at Dallas yesterday: “I think of the working families tax cut also knows one big beautiful bill. It had great symmetry to it because on one side you had these very powerful business incentives. So full expensing of equipment, full expensing of factories, full expensing of farm structures.” 

Mr. Bessent added that “on the other side, the working Americans have been able to keep more of what they make. So no tax on tips, no tax on overtime.” Some “85 percent of our seniors are paying no tax on Social Security and then deductibility on interest on American made cars. So economic boom manufacturing reshoring which we are seeing.”

It’s a great rundown by Mr. Bessent, who’s a very busy fellow indeed. So, as I’ve said, to wrap-up, now it’s really been the greatest story never told up to now. Now’s the time for Mr. Trump to tell it. He can swing the midterm election. I believe this is possible, and I think he’s going to make a case that we do not need big-government socialism from the far-left crazies. We’ll stick with free enterprise and markets and yes, capitalism. And I’ve warned many, many times regarding Mr. Trump, never bet against him.

This post was originally published here. 

Sticky

As we enter Rosh Hashanah, I want to share something personal.

Google DeepMind has now mapped predictions for roughly nine billion possible single-letter changes in human DNA. Think about that: nine billion possible changes inside one human genome, each potentially affecting something different in the body.

A scientist can spend a lifetime trying to understand one tiny part of one gene, one atom or one biological process, and we rightly call that brilliance. Entire generations can spend decades and centuries collectively trying to understand just one small piece of what was already there before any of us arrived.

Now look at what already exists.

The human body. The brain. DNA. Trees. Flowers. Oceans. Animals. Gravity. Light. The laws that hold the universe together.

Billions upon billions of systems and wonders, all working with a depth and precision mankind is still struggling to understand.

Recently, scientists at CERN created what they called a “little Big Bang,” using one of the most advanced scientific facilities on earth, decades of research, extraordinary engineering and enormous energy just to reproduce for a fraction of a second one tiny condition they believe existed near the beginning of the universe.

And somehow that is supposed to make God less obvious?

To me, it does exactly the opposite.

If I dropped a brand-new Rolls-Royce in front of your house tomorrow and told you nobody designed it — there was just a huge explosion and somehow the engine, computer, leather, wheels, wiring and every screw landed exactly where they belonged — you would look at me like I had lost my mind.

You would say: Someone made this.

Yet a Rolls-Royce is nothing compared with a human body.

The car cannot heal itself. It cannot grow from a single cell. It cannot reproduce. It cannot think, love, remember, see, hear or repair its own DNA.

Science is not the enemy of faith. Science keeps opening our eyes.

Every discovery reveals another layer of Creation that was already there before we knew how to see it.

And maybe that is really the message.

We do not have to look very far to find God.

We just have to open our eyes.

My grandfather was a Holocaust survivor. He lost his family. He went through the camps. Six million Jews were murdered. He saw horrors no human being should ever have to see.

People asked him directly: After everything you went through, how can you still believe in God? Where was God?

His answer was simple.

He said: I look at the grass. I look at the trees. I see God. How could there not be a God?

He had questions. Of course he had questions. He had lived through terror and hell. He had seen suffering beyond anything most of us can imagine. He did not pretend to understand why.

But the questions did not erase what he saw in front of him.

Creation was still there.

God was still there.

For him, the grass and the trees were enough to say: I see the Creator.

And now it is our turn.

We live in a digital world that my grandfather could never have imagined. Google has now opened our eyes to see what earlier generations could not — billions of possibilities hidden inside human DNA, each tied to systems so deep that brilliant scientists can spend lifetimes trying to understand only a fraction of them.

What my grandfather saw in the grass, we can now see inside the genome.

So how can we not open our eyes?

This year especially, with anti-Semitism rising, wars raging and so much uncertainty around us, my message for Rosh Hashanah is simple:

God controls the world.

God controls our lives.

That does not mean we understand everything that happens. We do not. We have questions. We experience fear, pain, loss and uncertainty.

But when we recognize Hashem in our lives, we begin to see how many open miracles surround us every single day.

A child. A heartbeat. A recovery. A door that opened at the right moment. Protection we did not even realize we needed. A problem that somehow worked itself out. A new morning. Another year.

We call some of these things coincidence because we have become used to them.

Maybe Rosh Hashanah is our chance to stop calling them coincidence and start recognizing Who is running the world.

That is what I want to say to this generation.

Google DeepMind used artificial intelligence to map billions of possibilities inside DNA.

Now it is our turn to look at what it uncovered and say:

מָה רַבּוּ מַעֲשֶׂיךָ ה׳

How great are Your works, Hashem.

Wow.

Look at what Hashem created.

If artificial intelligence has brought us to a point where we can see deeper into Creation and recognize even more clearly how extraordinary it is, then perhaps AI was worth it for that alone.

Not just to make us smarter, but to make us more aware, more humble, more grateful and more connected to the Creator.

We spend Rosh Hashanah asking Hashem to recognize us, to remember us for life, to bless us, protect us and see us as His nation, His people and His children.

But first, we have to recognize Him.

Recognize His glory. Recognize His wisdom. Recognize His leadership. Recognize His presence in our own lives.

And once we recognize Him, we can ask Him to recognize us and bless us in return.

That is my message for Rosh Hashanah 5787.

Open your eyes.

See Hashem.

See the miracles already around you.

Bring that recognition into your home, your business, your family and your everyday life.

Especially now, when the Jewish people and the world are living through such challenging times, let us remember Who is ultimately in control.

May Hashem protect Klal Yisrael, bring peace to the world, bless our families and communities, and grant each of us health, parnassah, nachas, happiness and a year filled with open blessing.

May we be able to look back one year from now and see clearly how Hashem carried us through.

מָה רַבּוּ מַעֲשֶׂיךָ ה׳ כֻּלָּם בְּחָכְמָה עָשִׂיתָ

Wishing you and your family a Shana Tova U’Mesuka and a כתיבה וחתימה טובה.

May we all be written and sealed for a happy, healthy, peaceful and blessed new year.

Duvi Honig
Publisher, JBizNews
Founder & CEO, Orthodox Jewish Chamber of Commerce

Independent researchers have identified multiple new websites where AI agents seemingly built by OpenAI took unauthorized actions, such as accessing websites, posting messages, and sharing data to communicate with each other.

The latest revelations, discovered by a group of independent researchers known as the Nightingale collective, add to growing concerns that AI companies are struggling to control the agentic AI technology they’ve created. In August, a swarm of OpenAI’s AI agents hacked the Hugging Face website, and last week the Nightingale collective identified a swarm of rogue AI agents surreptitiously posting messages to an obscure German Wiki page.

Now, as more researchers search the web for traces of the agents, the list of affected sites continues to grow. Researchers believe the newly discovered incidents are the work of a separate swarm of AI agents than those involved in the Hugging Face breach, since these agents were authorized to access the web whereas the Hugging Face attackers had managed to escape a special a sandbox.

Although the latest crop of rogue agents did not need to escape a sandbox to perform their misdeeds, researchers said their behavior was just as alarming.

“These additional findings show that the agents involved were even more persistent and clever in finding ways to collude with each other than originally known,” Cormac Slade Byrd, one of the researchers in the Nightingale Collective, told Fortune. “They tried a variety of venues. They tried many different approaches. The new findings point towards agent activity both before and after the time window in our original report.”

Researcher Kenneth DeGraff found that the agents were trawling the open web for exposed API keys—digital passcodes that let software access online accounts and databases—then reusing those credentials to pull data from a U.S. crime‑statistics site run by the FBI. One of the passcodes had been left exposed on an obscure code-sharing page on GitHub, according to DeGraff. While the database was meant to publish public crime numbers rather than sensitive records, it underlines how easily autonomous systems can scoop up and reuse information that humans forget to lock.

“The agents did not hack a private FBI database, only circumvent anti-bot restrictions,” the researchers said of the incident. “Almost anyone could acquire these API keys, and some people with API keys did not guard them well.”

Researchers also found activity on a chemistry wiki built by a high school teacher, where agents made close to 30 edits between May and July, leaving links to help each other with tasks.

Other independent researchers traced the same swarm to simple text‑sharing sites, where the agents traded more than 100 messages that “involved agents coordinating to solve an Iowa cancer statistics task.” DeGraff also linked some of the activity to Vanderbilt University, whose public stats page showed agents hitting a single campus news URL tens of thousands of times and, in the process, writing their FBI crime‑data queries—and one user’s access key—into a log anyone could see.

The fresh data shows that the incidents of rogue agent behavior are more widespread than previously believed. OpenAI has so far only released the details of its agents’ attack on the open-source platform Hugging Face, although the company has acknowledged that additional sites were also targeted, albeit less seriously, by the escaped swarm of agents.

Representatives for OpenAI did not immediately respond to a request for comment from Fortune.

The growing list of affected sites is likely to fuel concern over whether the companies deploying them have proper oversight of what their systems get up to once let loose—especially when outside researchers, rather than the companies themselves, uncover and disclose the full scale of the problem. OpenAI has faced some criticism already over failing to disclose the German Wiki incident, with some experts calling for tighter regulation that would force companies to make such incidents public.

There has been growing concern among many in the industry over the recent unintended AI agent behavior, with several prominent researchers recently calling for a coordinated slowdown of AI development while risks are managed and assessed.

This story was originally featured on Fortune.com

This post was originally published here. 

Palestinian officials in Ramallah described Britain’s decision to ban dealings with Israeli settlements in the West Bank as a “significant political achievement,” particularly in light of growing incidents of violence by settlers against Palestinians recently. 

They emphasized that the move represents an important step toward protecting the two-state solution and is widely regarded as a setback for far-right policies and “radical elements within the Israeli government.” 

A senior Fatah official hailed Britain’s move as “an excellent and outstanding step,” calling it “a victory for those working for peace and for the two-state solution.” 

The official pointed out that the UK, as a major world power and the country behind the Balfour Declaration, is now sending a strong message by taking this position. “This shows Britain’s understanding of international relations and its support for Palestinian statehood,” he told The Jerusalem Post. 

“The decision tells Israel that it cannot expect to enjoy security or normal ties with other countries while it continues settlement expansion and aggressive actions and policies against Palestinians,” he said.

Palestinians chant and wave Palestinian flags and pictures of the late president Yasser Arafat and Mahmoud Abbas during a rally in the West Bank city of Nablus, September 23, 2025 (credit: NASSER ISHTAYEH/FLASH90)

‘World rejects Israeli settlement policies’

He added that the move gives Palestinians hope, demonstrating that the “world rejects Israeli settlement policies and stands with Palestinians’ rights.”

Another Palestinian Authority official told the Post that “It affirms that the world cannot accept the continued Israeli occupation and settlement activity, which violate international law.” 

Other Palestinians added that “this is a meaningful action to protect the two-state solution,” noting they are pleased with any initiative that restricts settlement activities. 

A former official from the PA foreign affairs ministry told the Post that Palestinians have urged other countries to follow Britain’s example.

A statement issued by Palestinian President Mahmoud Abbas said the PA “appreciates the determination of these countries to impose restrictions on trade with Israeli settlements in the occupied Palestinian territories, and to support the adoption of similar measures at the European level.” 

The statement considered it an “important practical step,” and called on the entire international community to expedite the translation of these positions into binding measures, including imposing sanctions on extremist settlers and those supporting them.”

It also called to “immediately halt settlement activities, cancel the E1 plan, and refrain from all measures aimed at annexing Palestinian land or displacing its residents.”

Chairman of the Palestinian National Council Rawhi Fattouh welcomed the French and British decisions to ban products from Israeli settlements, describing them as “important political and legal measures that strengthen the international stance rejecting annexation and the seizure of land by force.” 

He stated that confronting settlement activity is not merely a political choice but an ‘international responsibility’. He said that protecting the two-state solution begins with halting settlement expansion, holding accountable those who undermine it, and isolating the “apartheid government.”

Fattouh emphasized that international positions must go beyond political condemnation to include binding legal, diplomatic, and economic measures, such as a comprehensive ban on settlement products entering markets, ending all commercial or investment dealings with settlements, and restricting entities and companies that finance or support settlement activity.

He also called on European countries and Canada to adopt a clear international framework to isolate settlements, cut off funding sources, and end any form of political or economic protection that enables their continuation.

This post was originally published on here. 

Several areas in Sirik, southern Iran, were hit by projectiles on Wednesday, Iranian state media reported.

Further details regarding the strikes, including the extent of the damage or potential casualties, were not immediately available.

This is a developing story. 

This post was originally published on here. 

It’s your kid’s birthday party. There are snacks, cake, and games. The children are playing, the music is on, and you’re just waiting for the professional entertainment to show up.

A car outside skids to a stop. The driver gets out, walks up the stairs, and rings the doorbell. It’s Noa Kirel. She’s holding a samurai sword covered in blood, her white tank top is stained in red, and her face is smeared with crimson gore.

This is the 2026 Israeli version of the drunk clown scene from the cult comedy classic Uncle Buck.

In that 1989 film, Buck confronts Puter the Clown, a hungover, sleazy character who shows up to entertain eight-year-old Macaulay Culkin’s birthday party (remember the size of his birthday breakfast pancakes?!).

The clown stumbles around, stinking of alcohol, and has a mouth on him saltier than a sailor. (How I was able to watch this as a kid is shocking, but more on that later.)

 Noa Kirel wearing a Star of David (credit: KAN 11)

The contrast between Uncle Buck and the clown in that scene is stark. Buck himself is no saint – or “Mother Cabrini,” as the clown snidely puts it. Throughout the film, Buck drinks, smokes, swears, and lives a messy adult life.

But Buck never chose to be around kids. He’s an uncle thrust into a temporary babysitting role, fully aware that his lifestyle doesn’t belong in a child’s world.

The clown, on the other hand, who built a career marketing joy to little kids, arrives fresh off an all-night bachelorette party, reeking of alcohol and offering adult jokes to a backyard full of eight-year-olds. He thinks he can bring his adult baggage straight into their safe space and hide behind a red nose.

Noa Kirel and the limits of parental controls

Watching the fallout from Kirel’s gruesome new music video for “Love Song,” it is clear the Israeli entertainment industry has just given us our own version of that clown.

I remember watching Uncle Buck for the first time at a friend’s house, in a home far stricter than the norm. I must have been under 10. The movie definitely wasn’t appropriate for us – that clown scene alone proves it – but we watched it anyway. There were fewer filters back then, and a lot of adult culture leaked through the cracks.

Today, we are told that digital guardrails are stronger. We have Internet filters and parental controls. But in the big picture, tech solutions cannot fix a cultural failure. They do nothing to stop the bleeding.

The digital filter is our safe room. Inside, we’re safe, but it doesn’t stop the dangerous environment from existing outside. The moment the child steps outside, they’ll encounter it. It’s on the playground, it’s in the rumors, it’s on everyone’s minds.

A filter might block a graphic video, but it cannot stop an entire childhood culture from being permanently altered. And after three years of war, more blood and gore from Kirel is the last thing our children need.

When adult art collides with a young audience

For years, Israeli parents have participated in a bizarre cultural compromise. We pretend our biggest pop stars can exist in two parallel universes. By day, they are the wholesome, candy-coated royalty of Festigal; by night, they release hyper-violent music videos dripping in cinematic blood.

We have looked the other way for a long time, but “Love Song” is the straw that broke the camel’s back. There is a vast difference between an artist being standardly “provocative” and an artist releasing a hyper-violent, Tarantino-esque bloodbath dripping in stabbings and gore.

Writing in The Jerusalem Post, music critic Dudi Patimer called parents’ outrage “exaggerated.” He argued that because horror movies are available at the click of a button, parents should simply accept Kirel’s dark artistic evolution. He noted that she is a 25-year-old independent creator and “has earned the right to evolve.”

To be fair, Kirel has never claimed to be a pure children’s entertainer. She isn’t Yuval Hamevulbal or Michal Haktana. We don’t expect her to sing songs about alphabet blocks or wear bright overalls.

But she has spent over a decade intentionally cultivating a massive, profitable audience of impressionable school-aged children. She cannot build an entire empire, brand, and fortune on the backs of families who buy her Festigal merchandise, only to retroactively pretend she is just a detached, avant-garde adult artist who owes them nothing.

Like the drunk clown, she explicitly chose a path that invites children into her tent; she doesn’t get to act shocked when parents expect her to keep the space safe.

If Kirel has grown up, move her to the adults’ table

If she has grown up, as Patimer said, then sit her at the adults’ table permanently.

If a performer wants to create art that requires an 18+ trigger warning, that is their creative right. But you don’t get to bring adult themes into the elementary school ecosystem and expect parents to keep paying for the tickets.

If the clown shows up to the party looking like this, it’s time to pull an Uncle Buck: Block the door and draw your fist back.

The writer is the editor of the Arts & Entertainment page.

This post was originally published on here. 

The 42nd Haifa International Film Festival, which will run from September 26 to October 3, has unveiled the highlights of its international program.

It features much-anticipated new films by leading directors, including Danny Boyle, Nanni Moretti, François Ozon, Lukas Dhont, Olivier Assayas, Ryusuke Hamaguchi, Hirokazu Kore-eda, and Andrey Zvyagintsev.

The festival’s main international competition, Carmel, will open with Boyle’s Ink, which opened this year’s Venice Film Festival.

The film tells the story of legendary Sun editor Larry Lamb and publisher Rupert Murdoch as they transformed the struggling British tabloid in the late 1960s.

The film comes to Haifa directly from the Venice competition

The festival will close with Moretti’s It Will Happen Tonight, based on a story by Israeli author Eshkol Nevo and starring Louis Garrel and Jasmine Trinca. The film comes to Haifa directly from the Venice competition.

BENJAMIN VOISIN in Francois Ozon's 'The Stranger.'  (credit: Courtesy of Haifa International Film Festival)

Among the major international prize winners screening at Haifa are Zvyagintsev’s Minotaur, winner of the Grand Prix at Cannes; Hamaguchi’s All of a Sudden; Dhont’s World War I drama Coward; and Sandra Wollner’s Everytime, winner of the top prize in Cannes’ Un Certain Regard section.

Other highlights include Ozon’s adaptation of Albert Camus’s The Stranger, Assayas’s political thriller The Wizard of the Kremlin, and Kore-eda’s family drama Sheep in the Box.

The festival will welcome several international filmmakers. These include Romanian director Tudor Giurgiu, who will present 3 Days in September, which includes a 65-minute sequence shot in a single take.

Alberto Sciamma will attend with Cielo, a magical-realist road movie set in Bolivia’s Altiplano.

Boaz Dvir will present his documentary To Kill a Nazi, about French Jew Michel Cojot’s pursuit of Nazi criminal Klaus Barbie and his connection to Operation Entebbe.

German filmmaker Hille Norden will attend with the coming-of-age drama Easy Girl. Muriel d’Ansembourg will present Truly Naked, a drama about a teenager reassessing his understanding of sexuality and intimacy.

Documentaries, animation, culinary cinema, and more

The Haifa Classics program will feature a Barbra Streisand tribute with Funny Girl, Hello, Dolly!, A Star Is Born, and Yentl, as well as a retrospective of Japanese writer Yukio Mishima and filmmaker Nagisa Oshima.

The Haifa Docs program will feature Broken English, a portrait of Marianne Faithfull, incorporating interviews, archival footage, and performances by musicians, including Nick Cave and Courtney Love, as well as The Match, about the legendary 1986 World Cup quarter-final between Argentina and England.

Other sections will include documentaries, animation, culinary cinema, and the Haifa Wild Nights genre program, featuring Asian action and films from Cannes’ Midnight screenings.

For more details, go to the festival website at www.haifaff.co.il/

This post was originally published on here. 

NEW YORK — The two measles-related deaths in Pennsylvania last month involved infants, and the virus itself caused one of the deaths, a Pennsylvania coroner confirmed Wednesday.

Lancaster County’s coroner, Dr. Stephen Diamantoni, said he told the Centers for Disease Control and Prevention of his conclusions. CDC officials, however, have not said whether they will count either death as measles-associated, and the agency’s website still carries a disclaimer about them.

Read the rest…

This post was originally published here. 

Energy giant NextEra Energy has secured a federal loan of up to $1.9 billion from the Department of Energy to restart Iowa’s Duane Arnold Energy Center, marking a major milestone as the country works to meet soaring power demand driven in part by the AI boom.

The 615-megawatt facility in Linn County operated for 45 years before closing in 2020 as Iowa’s sole nuclear power plant. The project cleared a major state regulatory hurdle in June when the Iowa Utilities Commission issued a certificate authorizing construction and operation.

NextEra aims to bring the reactor back online by the first quarter of 2029, subject to final oversight and licensing approvals from the U.S. Nuclear Regulatory Commission.

NVIDIA CEO JENSEN HUANG DECLARES ‘AGI HAS ARRIVED’ AFTER OPENAI UNVEILS GPT-6 ASTRA

The nuclear restart is anchored by a 25-year power purchase agreement with Alphabet’s Google, which will buy electricity from the plant. Surging power demand, including from AI data centers and other high-tech computing infrastructure, is pressuring the nation’s electrical grid and prompting renewed interest in extending the lives of existing nuclear plants and bringing shuttered reactors back online.

The project is also expected to provide significant economic benefits for Iowa. An economic study estimates the restart will generate more than $9 billion in economic value for Iowa over 25 years; create thousands of construction and refurbishment jobs; support more than 400 permanent, high-paying operational positions; and generate approximately $75 million in tax revenue.

State leaders have backed the effort, with Iowa Gov. Kim Reynolds signing legislation to provide incentives for nuclear power development.

NextEra Energy CEO John Ketchum said bringing new generation online to serve rising demand could help keep power affordable for existing customers while ensuring Iowa families and businesses are not asked to bear the costs of grid growth.

While multiple efforts are underway nationwide to reactivate retired reactors, no shuttered U.S. nuclear power plant has yet resumed operations.

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NextEra’s project joins other high-profile nuclear revival efforts across the country, including Constellation Energy’s plan to restart a reactor at Pennsylvania’s former Three Mile Island plant for Microsoft and Holtec International’s efforts to revive Michigan’s 800-megawatt Palisades facility.

This post was originally published here. 

Welcome to this week’s Fortune Gulf Brief. We’ll be covering:  

  • Gulf oil flows return as market eyes potential glut  
  • Mubadala unlocks $25 billion credit portfolio for outside investors 
  • U.S.’ Lux Capital leads Gulf’s $30 million AI funding round 
  • Saudi courts China amid strained U.S. relations 

OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly increase in output quotas as the group continues to unwind its earlier production cuts. 

That brings the total increase in output quotas to around 940,000 barrels a day since the war began. 

The move comes as oil prices continue to ease amid Gulf states ramping up production and the reopening of the Strait of Hormuz calming fears of major supply disruptions.  

Brent crude is now trading around $72 per barrel, down from its April peak of $126 per barrel and close to pre-conflict levels. 

Saudi Arabia, the world’s top exporter, shipped an average of 6.3 million barrels a day last week, restoring flows to almost 90% of February’s pre-war levels. 

Meanwhile, UAE oil exports have now overtaken pre-war levels, according to data compiled by energy intelligence company Kpler. 

The country, which formally exited OPEC+ on May 1, shipped 3.94 million barrels a day of crude and condensate in June.  

In addition to ramping up its production since leaving OPEC+, Kpler senior oil analyst Johannes Raubal said the UAE has also been drawing down crude inventories, further enhancing export volumes. 

But the surge in supply is beginning to raise concerns. Analysts at Morgan Stanley and Goldman Sachs warned last week that the market could be heading for a glut next year if producers continue pumping without consideration of demand. 

China, the world’s largest oil importer, remains one of the biggest question marks.  

The Middle East typically accounts for around half of China’s crude oil imports, but shipments declined in April to their lowest level in almost a decade, according to Kpler data. 

Despite cutting imports by roughly 5 million barrels a day compared with pre-war levels, it has yet to significantly increase its buying. 

Meanwhile, more than 60 million barrels of oil that were effectively stranded when the war broke out have now been released onto the market, following the signing of the U.S.-Iran memorandum of understanding, Bloomberg reported last week. 

It noted that UAE oil is traveling as far afield as the U.S. and is even being offered to buyers in Hawaii. 

Melissa Hancock
melissa.hancock@fortune.com

Get in touch: Reply to this email with feedback or contact me directly at the address above.

This story was originally featured on Fortune.com

This post was originally published here. 

In Fortune Gulf Brief today:

  • SpaceX IPO: Gulf money will take center stage
  • IMF warns Saudi on GDP growth for 2026 
  • The UAE comes to Washington with investment on its mind
  • War effects—Middle East family offices are reshaping global portfolios
  • Plus: The 3 things we really enjoyed reading this week   

It was hard to read a news story covering the Gulf last week that didn’t contain the word ‘Space X’—with good reason.

Tipped to become the largest stock market debut in history, SpaceX is targeting a valuation of nearly $1.77 trillion in its blockbuster initial public offering (IPO) by selling 555.6 million shares at a fixed price of $135 each. Gulf sovereign wealth funds and prominent investors are set to be among the biggest beneficiaries.  

The multi-billion-dollar windfalls they are poised to receive will offer a nicely-timed boost to their balance sheets, which have not enjoyed the usual flow of petrodollars since the outbreak of the Iran war.  

Zooming out, it marks a significant moment in validating their investment strategies, with the Gulf states ranking among some of the earliest investors in Elon Musk’s SpaceX and xAI—the two companies merged in early February to become a rocket business, satellite internet provider and AI company.  

If SpaceX debuts successfully at its expected valuation, it would be one of the clearest examples of Gulf capital backing a transformational technology platform before public markets fully recognized its value. 

Saudi Arabia’s Prince Alwaleed bin Talal—aka the “Warren Buffett of Arabia”—owns a 0.63% stake in SpaceX that could be worth around $10.6 billion if the IPO achieves its expected $1.77 trillion valuation.   

Meanwhile, a cluster of high-profile Gulf sovereign wealth funds have exposure to SpaceX through both direct and indirect investments.

While their stakes fall below reporting thresholds, the IPO should crystallize enormous paper gains for all of them.  

But, for Gulf investors, the listing is not just about financial returns.  

In its IPO filing, SpaceX outlines plans to use some of the capital raised to launch a constellation of up to one million data center satellites into orbit, far away from the resource and regulatory constraints on Earth.  

The company claims that solar panels and laser optical communication in space can produce energy eight times more efficiently than ground-based systems—generating a total of 100 GW of power, equivalent to roughly 100 nuclear power plants. 

While the prospectus acknowledges the technology is in its infancy, the plans align with the Gulf’s broader strategic ambitions of building out their digital and communications infrastructure.

These ambitions have been heightened by the ongoing blockade of the Strait of Hormuz, which has revealed that subsea cables are just as vulnerable to geopolitical conflict as oil tankers. The Strait funnels both energy and data through a single, vulnerable maritime corridor, as explained in this piece by Stimson, the research center.  

Meanwhile, in early March, the Gulf’s cloud infrastructure was compromised when two Amazon Web Services (AWS) data centers in the UAE and one in Bahrain sustained direct hits from Iranian drones or damage from nearby debris.   

Starlink already serves as an invaluable backup network for critical industries during disruptions and regional cloud outages. Given Musk’s continued efforts to build out a resilient communications infrastructure, for the Gulf, backing SpaceX’s satellite network is as much a strategic maneuver as it is a commercial tech investment. 

Melissa Hancock
melissa.hancock@fortune.com

Get in touch: Reply to this email with feedback or contact me directly at the address above.

This story was originally featured on Fortune.com

This post was originally published here. 

In Fortune Gulf Brief today:

  • U.S.-Iran interim deal and the Gulf’s road to recovery
  • SpaceX’s meteoric IPO: Gulf states reap windfalls
  • Paramount-Warner Bros. merger gets green light
  • U.S. Private Credit firms flock to the Gulf
  • Plus: The 3 things we enjoyed reading this week

The Gulf Cooperation Council will have breathed a collective sigh of relief when the U.S. and Iran agreed an interim deal to end more than 100 days of war.  

Announced on Sunday evening, the memorandum of understanding, which provides a 60-day ceasefire extension and free passage of shipping through the Strait of Hormuz, is due to be formally signed in Geneva on Friday. 

The Gulf states, often to their surprise, have been on the front line of the conflict, facing missile and drone attacks.

Is it too soon for them to start talking about a bounce back?

Historically, the Gulf has shown an ability to recover quickly after major shocks. After the 1991 liberation of Kuwait, oil production and core economic activity rebounded more quickly than many observers had anticipated, supported by oil revenues, substantial overseas assets, and government-led reconstruction. Studies of Kuwait’s recovery highlight the importance of sovereign wealth funds and strong state finances. 

More recently, the recovery of Dubai’s tourism sector in the aftermath of the COVID pandemic was unusually fast by global standards. By the end of 2022, Dubai received 14.36 million international visitors, reaching 86% of pre-COVID tourism levels and outperforming the 63% global tourism recovery rate.  

Admittedly, this rapid resurgence was in part driven by a combination of mega-events such as Expo 2020 and the Qatar World Cup, but Dubai also wasted no time in leveraging its position as a global aviation hub and luring tourists and residents alike through a host of tax-free incentives, visa, and citizenship reforms.   

Clearly, a direct analogy cannot be drawn between a global pandemic and war—missiles striking buildings has not only shaken residents’ nerves but also investor confidence. And that will take time to return.  

No doubt GCC states will need to redouble efforts to attract inward investment as businesses sit on the sidelines to see if peace lasts, but in aggregate, their economic fundamentals remain sound.

At the end of May, Fitch maintained the credit ratings and stable outlooks on five GCC states—excluding Oman—largely due to their substantial fiscal buffers that have acted as a cushion against economic shocks. 

While Saudi has seen some notable downsizing of its gigaprojects, the Gulf’s healthy coffers will help ensure they remain broadly committed to pursuing their respective economic diversification strategies. The UAE’s exit from OPEC, meanwhile, brings it more immediate liquidity and fiscal flexibility.  

Wood Mackenzie estimates that the fields affected by the Strait’s closure could return to 70% of pre-conflict production within three months and 90% within six months, assuming operators choose a measured and controlled ramp-up. Safely transiting the oil through the Strait of Hormuz will arguably present the bigger challenge.

The Iran war has redrawn the economic and geopolitical landscape of the Gulf but the conflict has also deepened its conviction to accelerate reforms and plans for recovery are already being hammered out.

As we have seen during the course of this war, a lot can happen in a day, let alone 60 days. Successful negotiations on the most contentious issues and the emergence of a permanent deal that could reset the Gulf’s fortunes hang in the balance.

Melissa Hancock
melissa.hancock@fortune.com

Get in touch: Reply to this email with feedback or contact me directly at the address above.

This story was originally featured on Fortune.com

This post was originally published here. 

Welcome to this week’s Fortune Gulf Brief. We’ll be covering:  

  • Gulf bonds continue to rally despite geopolitical challenges 
  • Iraq’s new PM rolls out the red carpet for U.S. companies  
  • U.S. Fanatics bets on UAE gaming with new JV 
  • State Street deepens Saudi presence with fund license 
  • The 3 things we enjoyed reading this week 

The Gulf bond market rally is picking up momentum. 

In the week to 26 June, QatarEnergy, Avilease, Emirates NBD, FAB, Dukhan and Burjeel issued a combined $7.5bn of debt, a pretty hefty figure. 

Notable among them was UAE healthcare group Burjeel Holdings’ $500 million debut sukuk issuance. It was more than three times oversubscribed, with the orderbook peaking at $1.6 billion.  

International investors took 61% of the allocations, led by buyers from the U.K. (34%) and offshore U.S. accounts (24%), highlighting global confidence in Burjeel and the UAE market. Gulf investors accounted for the remaining 39%. 

Listed on the Abu Dhabi Securities Exchange, Burjeel’s $500 million sukuk marks the opening tranche of a $1.5 billion sukuk program , which was put on hold with the outbreak of the U.S.-Iran war in February.  

Gulf primary bond issuance came to an abrupt halt in the wake of the conflict, with corporate and sovereign bond yields jumping as geopolitical tensions escalated. 

But the markets have staged a “relief rally” since the ceasefire came into effect on 8 April, with GCC fixed-income yields benefiting from a reduction in geopolitical risk premiums. I explore all the moving parts in my online piece here.

Yield spreads between GCC investment-grade debt and U.S. Treasury bonds have narrowed to pre-war levels, reflecting investor confidence in Gulf states’ robust government reserves and optimism that the conflict will not harm issuers’ finances in the long term. 

This has seen both sovereigns and corporates raising billions of dollars in conventional bonds and sukuk over recent months. 

Long considered safe havens within emerging markets, five of the six Gulf countries—Bahrain apart—are rated investment grade by the three major credit rating agencies. Investment grade makes it easier to raise funding when the need to borrow arises. 

Not every corner of the market has recovered at the same pace, though. Spreads on speculative-grade GCC sukuk remain elevated, suggesting investors are still demanding a higher premium for riskier borrowers.  

Furthermore, the flare up in tensions over recent days is an unwelcome reminder that the region remains vulnerable to further bouts of volatility, which, as Fitch has noted, means that: ”The future yield trajectory of GCC fixed income remains uncertain.” 

Melissa Hancock
melissa.hancock@fortune.com

Get in touch: Reply to this email with feedback or contact me directly at the address above.

This story was originally featured on Fortune.com

This post was originally published here. 

Prediction markets are splurging on ad campaigns featuring A-listers—and the approach is starting to rankle some observers. On Wednesday, sports trading platform Novig released a video of actress Sydney Sweeney appearing nearly nude while promoting the company’s sports-only offering ahead of the NFL season opener. The advertisement swiftly drew scrutiny of prediction markets’ marketing tactics and efforts to increase user engagement on their platforms.

The advertisement came a day after Polymarket enlisted basketball star LeBron James for a star-packed football-season commercial featuring other prominent athletes, including Eli Manning and Derek Jeter, along with entertainment figures such as filmmaker Spike Lee and model Emily Ratajkowski.

“Selling gambling by selling sex. Society is crumbling before our eyes,” one user wrote of Novig’s promotion.

“Damn, I can’t believe LeBron is a sellout now,” another user wrote in response to Polymarket’s ad.

The celebrity advertising push comes as prediction markets expand rapidly across the United States, despite a contentious legal and regulatory fight. The platforms let users buy and sell contracts on outcomes ranging from sports and politics to pop culture, often with just a few clicks. Their rapid growth has intensified scrutiny over whether sports-related contracts should be treated as federally regulated financial products or gambling under state law.

To sustain that momentum, prediction market companies are pouring money into high-profile marketing campaigns. Kalshi and Polymarket—two of the sector’s largest players, each valued at roughly $20 billion—have spent heavily to recruit celebrities to promote their platforms. Because sports-related contracts account for a large share of activity on their platforms, the companies have timed major campaigns around the start of major sports seasons. 

In the lead-up to the World Cup, soccer’s biggest international tournament, Kalshi ran ads featuring Argentina captain Lionel Messi alongside teammates Nicolás Otamendi and Rodrigo De Paul as part of a commercial partnership with the country’s national football federation. The platform also featured Luka Modrić, captain of Croatia’s national team, in a separate campaign.

Before that, Kalshi also enlisted Oscar-nominated actor Timothée Chalamet for a series of ads set in mundane places, including a dentist’s office and a music store.

The marketing push comes as prediction markets confront mounting uncertainty over their legal future. In August, the Ninth Circuit ruled that Nevada could enforce its gambling laws against Kalshi’s sports-event contracts, rejecting the company’s argument that federal commodities law preempted state oversight. 

With appellate courts now divided, the dispute over who gets to regulate the fast-growing industry could reach the Supreme Court as early as next year.

This story was originally featured on Fortune.com

This post was originally published here. 

Spider-Man swung, Odysseus sailed, and Hollywood rode them to its biggest summer box office ever. There was just one thing missing: nearly 249 million ticket sales.

Theaters across the U.S. and Canada generated $4.765 billion between May 1 and Labor Day, surpassing the all-time record set in 2013 by just $9.3 million, according to data from box-office analytics firm Rentrak, sent to Fortune. But rising ticket prices helped create that apparent comeback. Adjusted for inflation, this summer’s box office remained 17% below 2019, according to the New York Times, while cinemas sold nearly 249 million fewer tickets through mid-August than during the same period that year.

Not everyone thinks 2019 is the right yardstick. Paul Dergarabedian, the widely cited head of marketplace trends at Rentrak, told Fortune that he thinks the more instructive baseline is 2020, when theatrical attendance collapsed to nearly zero. A record-breaking summer in a “different era,” seven years on from the pre-pandemic times, in the midst of a streaming-saturated landscape, “speaks volumes to how important the movie theater experience is, culturally and financially.”

That gap points to Hollywood’s emerging post-pandemic business model. Higher prices and premium screenings are helping the industry make more money from fewer customers, masking how far attendance remains from a full recovery—and raising questions about whether a business built on $20 tickets and a handful of event films can last.

Dergarabedian agreed that the business model is evolving, saying that he sees a lot of evidence that filmmakers and studios supporting are “thinking outside the box.” Hopefully, he added, “they’re hiring younger people with their finger on the pulse and ear to the ground about what younger audiences want. He compared the evolution of Hollywood to the rise of vegetarianism, of all things. “There may be fewer hamburgers sold [nowadays],” he said, because of the rise of lean and meat-free diets, “but 50 years ago, there weren’t any vegetarian options.” The same thing is happening with theaters and streaming now. 

The analyst agreed that the restaurant industry has had to reinvent itself in a similar way since the pandemic and pointed out “these things don’t happen in a vacuum,” noting the drinking-averse Gen Z is increasingly having a wholesome night at the movies instead of a rowdy night at a bar. And their taste is different in a refreshing way.

Dergarabedian cited the unlikely twin successes of the highbrow Odyssey and the blockbuster Spider-Man, each grossing over $1 billion worldwide. Together, they accounted for nearly one-third of the summer box office. Similarly, Obsession stood out on Memorial Day as The Mandalorian and Grogu disappointed. “The audience is telling you they want a mix of that cinematic fast food and cinematic fine dining,” he said.

Hollywood traditionally measures box-office success using raw revenue without adjusting older totals for inflation. By that accounting, this summer’s haul was 9% higher than the $4.35 billion collected during the summer of 2019. Adjusting for inflation raises the 2019 total to approximately $5.7 billion, and admissions reveal that gap even more clearly. North American cinemas sold 547.1 million tickets through mid-August, compared with 795.9 million during the same period in 2019, according to S&P Global Market Intelligence data reported by the Associated Press.

Inflation is not the only asterisk attached to Hollywood’s record. The 2026 summer movie season lasted 130 days—one week longer than the comparable period in 2013—Texas Capital noted in its Sept. 8 research note.

Still, the recovery isn’t pure movie magic. Summer revenue rose 26.1% from last year, while year-to-date box-office revenue reached $7.384 billion, up 20.8%. Texas Capital sees a path for Hollywood to reach $10 billion in 2026 for the first time since before the pandemic.

The premium plot twist

Cinemark’s financial results show how theatres are making the math work. Premium large-format screenings generated nearly 15% of its worldwide box office during the second quarter despite representing just 6% of its auditoriums, according to the company’s executive commentary. Its D-BOX motion-seat sales also climbed more than 50% from a year earlier to an all-time quarterly record. 

Cinemark’s average U.S. ticket price increased 4.2% to $10.83 during the quarter. The company attributed the increase to “strategic pricing actions and higher premium format mix” in its quarterly filing. 

Moviegoers aren’t just shelling out more to get through the door. They’re also leaving more money at the concession stand—apparently, not everyone is sneaking in Sour Patch Kids. Cinemark’s concession revenue per patron rose 4.3% to $8.70, driven by pricing actions and its mix of products. Together, moviegoers spent an average of $19.53 per visit on tickets and concessions.

AMC has seen a similar payoff. The theater giant finished 2025 with all-time per-patron records for admissions, food and beverages, and total revenue, according to a company filing. Its attendance climbed 17.9% during the second quarter of 2026, while revenue reached a company-record $1.6 billion.

Eric Wold, an equity analyst at Texas Capital Securities who covers Cinemark, told Fortune that theaters continue to face pressure from fewer theatrical releases and the growing availability of movies through streaming. But the customers who still visit are increasingly choosing premium screenings and spending more at concession stands.

Combined with tighter control of operating expenses, those trends give theater companies the ability to generate “greater profitability from a lower number of total movie tickets sold,” Wold told Fortune.

His research suggests the model is already translating into stronger earnings. Wold projects the third-quarter domestic box office could reach $2.85 billion, slightly exceeding the $2.813 billion generated during the same quarter in 2019—even as attendance remains well below its pre-pandemic level. Under that scenario, Wold estimates AMC’s adjusted earnings before interest, taxes, depreciation and amortization could reach $256 million, compared with his current $174 million estimate. Cinemark could generate $259 million, compared with his $194 million estimate.

Higher prices do not necessarily mean theaters must abandon lower-income customers, Wold said. Premium screenings remain a choice, while theaters offer cheaper alternatives through weekday discounts and matinees.

As Fortune previously reported, audiences are increasingly treating premium screenings as experiences they cannot replicate at home. “The Odyssey” made that literal, selling out even 3 a.m. screenings in true IMAX 70 mm and delivering the biggest opening weekend in IMAX history.

Hollywood’s next test is fittingly called “Doomsday.”

Avengers: Doomsday and Dune: Part Three will both arrive on Dec. 18, once again asking audiences to treat moviegoing as a premium-priced event. “Dune,” which was shot with IMAX film cameras, already has select 70 mm screenings on sale. Meanwhile, Disney is positioning “Doomsday” as a showcase for Infinity Vision, its new certification for premium theaters with large screens, laser projection and immersive sound.

For his part, Dergarabedian predicted that Dec. 18 will be the biggest weekend in box-office history, and he compared 2026 for Gen Z to his own experience in 1975, seeing Jaws at age 14, and then seeing Star Wars at 16 in 1977, setting him up for a lifetime of moviegoing. “There’s a future for this industry that I think is assured and bolstered by the fact that younger audiences are coming out — that’s the future of the business, generational attendance.” He also said that he’s not always the cinema optimist, warning that 2027 will find this year a “very tough opening act to follow.”

This story was originally featured on Fortune.com

This post was originally published here. 

Apple made its long awaited entry into the foldable smartphone market on Wednesday with the launch of the iPhone Duo. The foldable phone will go on sale October 23, with a starting price of $1,999.

The Duo will be available in two colors: Star White and Night Sky.

The device is the size of a passport, and opens and closes like a book. There’s a 5.4-inch screen on the exterior cover that you use just like a standard smartphone. Open the device up, and you get a wide 7.6-inch display.

Apple is late to the foldable game. Samsung launched its first Galaxy Fold back in 2019.

“Others have created foldables that just feel like two phones stuck together,” said Apple CEO John Ternus as he unveiled the device. That’s not entirely true. The latest Samsung Z Fold 8 and Z Ultra 8 have earned rave reviews for a virtually crease-free foldable screen and the product build.

But hey, all’s fair in the marketing game.

When opened, Apple says the Duo is the thinnest phone it has ever made.

Apple livestream

Here’s a close up look at the special hinge, built with carbon fiber support plates, that allows the Duo to fold.

Apple uses a titanium bottom layer, and multi-layer lamination design that it says glide over the OLED screen like pages of a book to prevent the panel from showing signs of wear or distortion over time. Of course, we’ll have to see how that claim holds up once the phone has been available in the real world.

Apple is bringing back its Touch ID for the Duo. A sensor on the right side of the phone scans your thumbprint to unlock the phone. Also note the repositioned task bar, now on the right rail of the home screen.

When opened, the Duo’s screen is 50% larger than iPhone Pro Max.

That makes it ideal for productivity and entertainment.

Here’s what reading your email looks like when the screen is opened and in landscape mode:

The extra screen real estate seems like it will be great for cooking recipes and other instructional applications.

You can also have different apps open on each side of the screen.

And you can hold it with the screens only partially opened, like a book, to reduce glare or evesdroppers.

You can also use the opened display in vertical mode. Apple showed off the example of watching a video at the top of the screen while having a conversation with friends on the bottom.

Watching sports this way could be fun.

You can use the exterior, front-cover screen to let others join in a FaceTime video call.

And the foldable design means you can position the phone to stand on its own for video calls or just watching movies.

The iPhone Duo is Apple’s first foldable phone. And first generation devices often come with some unexpected wrinkles that need to be ironed out and flaws that don’t become apparent until the product has been used by real customers in the real world.

Many of the other smartphone companies with foldables, like Samsung, Motorola, and Google, have spent years evolving and refining the technology. But of course, those are all Android devices.

If you’re an iOS user, and you’re OK with being an early adopter, the iPhone Duo goes on sales October 23, with pre-orders starting October 16.

This story was originally featured on Fortune.com

This post was originally published here. 

Six Flags is giving a popular roller coaster a second life after acquiring ArieForce One, the fan-favorite steel coaster that operated at Fun Spot America Atlanta.

The amusement park operator announced Tuesday that it plans to reopen the attraction at one of its parks during the 2028 or 2029 operating season. However, it has not yet revealed which location will get the ride.

“From the moment ArieForce One closed, we knew how much this coaster meant to the enthusiast community and to guests who traveled from around the world to experience it,” Mark Pauls, chief operating officer of Six Flags, said in a statement. 

“This is a ride that consistently generated excitement, acclaim and passionate fan support. We are thrilled to preserve its legacy, invest in its future and bring this extraordinary attraction to a new generation of guests. This acquisition represents our commitment to delivering world-class thrills and creating unforgettable experiences across the Six Flags portfolio.”

DISNEY SPOTLIGHTS AMERICAN BUSINESSES POWERING ITS MAGIC IN NATION’S 250TH YEAR

ArieForce One originally opened at Fun Spot America Atlanta in March 2023 before the Fayetteville, Georgia, park permanently closed in August 2026.

Earlier this year, Fun Spot America announced it would shutter its Atlanta-area location, while keeping its Orlando and Kissimmee, Florida, parks open. 

Built by Rocky Mountain Construction, ArieForce One earned a reputation for its “relentless pacing, massive airtime moments, innovative elements and unforgettable ride experience,” according to Six Flags.

The coaster stands 154 feet tall, features a 146-foot first drop at an 83-degree angle and reaches speeds of 64 mph.

DISNEYLAND VISITORS FACE GROWING WAVE OF RIDE CLOSURES, SHOW SHUTDOWNS HEADING INTO SUMMER 2026

The ride also features the largest zero-gravity stall element in the world, according to Six Flags.

Six Flags said it plans to keep the ArieForce One name when the coaster is rebuilt at its new location.

“When we built ArieForce One, we wanted to create something truly special. Something that would put Fun Spot America on the map with coaster enthusiasts and families around the world and create memories that would last a lifetime,” Fun Spot America CEO John Arie Jr. said in a statement.

“Seeing ArieForce One preserved and finding a new home with Six Flags means a great deal to me and my family. Its story isn’t ending, it’s beginning a new chapter and we are excited that future generations will get to experience ArieForce One.”

SIX FLAGS ROLLER COASTER TO BREAK 6 WORLD RECORDS WITH ‘TERRIFYING AND AMAZING’ RIDE

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Six Flags said it will announce the roller coaster’s future location and construction timeline at a later date.

“Until then, the coaster community’s biggest mystery remains unsolved,” Six Flags said.

FOX Business’ Eric Revell contributed to this report.

This post was originally published here. 

In 2013, as Michael Dell fought Carl Icahn to take his company private, we asked a simple question in the New York Times: how do you keep the revolution forever young? It’s the same question Thomas Jefferson wrestled with when he argued no generation should be bound by the last one’s answers. Dell just gave his own answer again last week.

Four years ago, while others were playing with chatbots, treating AI as parlor games or sounding cataclysmic alarms over LLMs’ threats to society, Dell saw AI’s emerging utility as a new pillar of the economy and prepared his company accordingly, culminating in perhaps the 12th strategic reinvention of his enterprise strategy since he launched his business in 1984 as a 19-year-old in his college dorm room.  

Last week, Dell Technologies delivered one of the most lopsided beats of this earnings season. Revenue of $47 billion rose 58%, and adjusted earnings of $7.04 per share crushed already enthusiastic expectations of roughly $4.90. Dell booked a record $60.9 billion of AI server orders in a single quarter, exited with a record $95 billion backlog and raised its full-year outlook by $25 billion to $192 billion, roughly 70% y/y growth. 

The skeptics’ story about Dell has always been the same: a heritage as a mere assembler of parts, a legacy PC maker rather than an AI innovator. For years it traded below the multiple of its AI peers, and below the S&P 500. This bearish narrative was already dead in the water, but with this latest earnings release, there should be no doubt that Dell Technologies is positioned to be one of the biggest winners as the provider of the critical infrastructure on which the AI build-out physically runs.

Dell sits at the center of the data-center wave as the world’s largest server maker, assembling the compute, storage, and networking that hyperscalers and enterprises are buying as fast as it can ship them. What the skeptics missed is that Dell’s role spans the full range of how firms deploy AI, from the public-cloud and co-location facilities that anchor large-scale training to the hybrid configurations that let a company keep some critical workloads close to home.

And now, Dell is readying the firm to ride the tailwind of a new secular growth wave: the shift of enterprise AI spending to “on-premise” and the most smoothly integrated tech titan across IT segments in the world.

What are these mysterious words, on-premise, what does this actually mean and why is this important? Simply put, companies are moving their AI away from computers they rent in someone else’s data center – that of the hyperscalers Amazon, Microsoft and Google – and onto AI machines that they buy, control, and keep in their own buildings – closer to their own data, under their own lock and key, with heightened security guardrails. It is this shift that positions Dell as one of the biggest beneficiaries in the months and years to come. 

With shifts in business risk and decision making, the significant majority of mission-critical data is now stored on premises, despite all the “cloud” computing activity. As Amazon CEO Andy Jassy said on  their last earnings call: “Remember, by the way, that 85% of the global IT spend is still on premises.” Now as data is being created in the real world  vs the cloud,  faster than ever before, the major change is that this data can now be converted into a competitive advantage using AI. Customers are figuring out they want to bring AI to the data, not the other way around. This is increasingly true for physical AI like robotics and advanced manufacturing.

Companies are bringing AI home for three plain reasons. First, this is where every company’s most sensitive enterprise data lives — the files, contracts, telemetry and patient charts generally already sit on private servers companies own, not in the netherworld of some public hyperscaler cloud. Needless to say, it is cheaper, faster and safer to bring AI agents to the data than the data to the AI. Second, on premise AI provides much greater control — banks, hospitals, defense contractors and entire governments wisely resist letting sensitive data leave the building or the country.

As Michael Dell put it in May, “The risk is losing control of your data, your cost, your security, your intellectual property and your speed.” Third, money: training a model is a burst of computing you might sensibly rent, but running agents never stops, and renting around the clock is the most expensive way to own anything. As AI agents proliferate and as they continue to run 24/7, companies want to optimize their spending on AI agents, which means setting them up closest to home in the fully-owned, secure way which Dell provides, rather than renting compute by the hour driving costs up unnecessarily. 

And this is only the beginning, because AI agents, by definition, drive exponentially more demand: unlike humans, AI agents don’t need to eat, sleep, take bathroom breaks, shop online, or play office politics. AI agents work continuously, and every new task generates more data to store and secure. All this creates a virtuous flywheel where more use of AI agents creates more demand for Dell’s servers, and vice versa. No wonder Dell now counts more than 6,500 AI enterprise customers, 3,300 added in the last three quarters, and its pipeline grew again even after $131.7 billion of orders. Traditional servers grew fully 122%. Storage grew by  26%.

That is also why Dell’s margins have expanded, with infrastructure operating margin expanding 620 basis points to 15%, which Morgan Stanley called “unprecedented.” That is the dividend of an integrated portfolio no rival can match: Dell sells AI servers, storage, networking, PCs and services, and buys components for all of them together — a weapon in a year of unprecedented memory shortages, providing Dell with the preferential access to crucial memory chips and purchasing power that few competitors have. 

None of this happened by accident, and the proof is in the long list of former Dell competitors from its founding era, who have faded into oblivion. Just consider some of the many names from the chart below: Wang Labs went bankrupt; Control Data was broken up; Sun Microsystems peaked at $18.3 billion and was sold to Oracle. Compaq, the world’s largest PC maker at $42 billion in 2000, was swallowed by Hewlett-Packard, which then dismembered itself into four public companies. Digital Equipment, once the second largest IT giant overall met a similar fate.  And Data General, the inspiration for the cult-like worship in Tracy Kidder’s 1981 book The Soul of a New Machine, once the world’s second-largest minicomputer maker and many times Dell’s size, was bought by EMC in 1999 — and Dell bought EMC in 2016. Dell did not merely outlast its rivals; in some cases; it ended up owning them.

Almost every one of these once mighty competitors was a specialist stranded by a shift it did not see coming. Michael Dell built the opposite kind of company – an integrated generalist spanning diverse business lines – and smartly maintained the governance control needed to transform the company through changing eras when its competitors lacked that governance flexibility, thanks to Dell’s dual class share structure, which provides Michael Dell with substantive control of the business. We have previously taken a look at cases when dual class shares work and when dual class shares don’t work, and Dell stands as a shining exemplar of all that is possible when dual class shares are used correctly. 

As Michael Dell himself told us this week:

“Dell Technologies leads not only in servers but also in data storage (the EMC acquisition was exactly 10 years ago). After all, data is the fuel for AI. Bad data, bad AI. No data, no AI….In data storage and servers we’re bigger than #2, #3 and #4 combined. We happily maintain a lower gross margin percent, delivering enduring value to our customers and shareholders through a far lower cost structre and massive scale advantages that grow every day ”

Of course, all of Dell’s successes are further vindication of Michael Dell’s triumph over activist investor Carl Icahn’s objections in 2013 when Dell attempted to take the company private, when Icahn tried to carve up the company for spare parts. Dell told us back then ““It’s a big poker game to him. It’s not about the customers. It’s not about the people. It’s not about changing the world. He doesn’t give a crap about any of that.” We argued then that Dell should prevail over Icahn’s financial engineering. 

He did! Dell led the way in design, production, and distribution of personal computers, laptops, tablet devices, servers, enterprise systems and cloud computing, steering his company through bold moves into cloud computing, networks, data storage, analytics and services. Most notably, he  bet $67 billion on EMC, the largest technology buyout in history, that enterprises would want to own their infrastructure rather than rent it. This prescience reads as astounding prophecy today, amidst the shift of enterprise AI spending towards on-premise.

That shift of enterprise AI spending towards on-premise is one which markets have largely missed, exactly as it pessimistically misread the “SaaSpocalypse” earlier this year. As we argued in the pages of Fortune in our prior piece critiquing the magnitude of the frenzied Saaspocalypse, the test separating AI’s winners from its roadkill is whether a company owns something AI cannot operate without. For Salesforce, that scarce asset is trusted proprietary data. For Dell, it is becoming the AI server provider of choice for the on-premise AI buildout, the next secular growth wave within AI. 

Fully 32 years ago, we confidently awarded the then 29-year Michael Dell with our Legend in Leadership award, to the surprise of many, and we feel quite vindicated. The humble, candid, generous, and patriotic Michael Dell never jumps in front of cameras to make his case breathlessly like some boastful tech evangelists, nor does he preannounce his strategic triumphs with Silicon Valley’s infamous preemptive and often misleading “vaporware” tactics. He merely delivers the future – repeatedly. As Mark Twain famously observed “Action speaks louder than words, but not nearly as often.”

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

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Almost everything in the AI economy is a bet about the future.

When Nvidia reports its quarterly earnings, its backlog — orders planned but not yet filled — matters nearly as much as revenue. Anthropic and OpenAI’s IPO chatter and “valuations” are bets on what they’ll earn as much as decades from now. Companies like Coreweave finance data centers before they have tenants. Everyone is pushing capital through the same bottleneck, roughly 2% of GDP a year, on a simple premise: demand for AI compute is close to infinite, so either businesses will pay more for smarter models, or they’ll use so much of them that it won’t even matter.

Jensen Huang, CEO of Nvidia, calls that the “two exponentials” driving the price of AI compute; models are growing more complex, and more people and agents use them. Either way, the idea is that the labs capture that surplus and send it back through the ecosystem to cover their debts. There’s just one problem: as impressive as the new model releases are, they don’t seem to be causing sustained spikes in the price of AI compute—in fact, the AI token is getting cheaper, fast. 

That’s according to new data from Ramp, the corporate spending platform, published Wednesday, showing the effective price that American businesses pay per a million tokens has fallen about 41% from its peak in March, from $1.15 to 68 cents. The share of usage going to frontier models is dropping, too; about 53% in early August to 45% by September. And the top 1% of spenders, the cohort that drives about 80% of OpenAI and Anthropic’s enterprise revenue, cut per-employee spend by nearly 10% in August. 

It’s not a disaster or the bubble bursting but it is a “crack in the AI thesis,” Ara Khazarian, the Ramp chief economist who runs the Index, told Fortune. Rather than unleashing a gush of demand for the best models, tokens are starting to be priced more like a commodity– as interchangeable as salt or wheat. And commodity owners aren’t valued at $2 trillion. Morgan Stanley has flagged vulnerability for up to $300 billion in bonds financing neocloud buildouts—CoreWeave-style companies that borrowed to build data centers before signing tenants—if token prices don’t keep up. 

Ramp isn’t the only one flagging the trend. Citadel Securities noted in June that a separate measure, Silicon Data’s LLM Expenditure Index, started to fall because of a “bifurcation” between frontier AI, concentrated among the few tech-heavy firms that can afford it, and the “everyday” AI the rest of the economy runs on.

“You have multiple metrics now starting to move in a negative direction,” Kharazian said.

He said that the price decline reflects a mix of labs being forced to cut prices—OpenAI slashed the cost of its GPT-5.6 Luna model by 80%, and Anthropic announced its own cuts last month—and customers trading down to cheaper and simpler models. Which makes it threatening, he added, to anyone “who’s expecting a full dream scenario where the AI companies grow with nothing curbing their enthusiasm.”

That was the mood in the Spring, as “tokenmaxxing” entered the tech lexicon, the media told stories of token-usage dashboards and Nvidia’s Huang insisted a $500,000 engineer should burn $250,000 a year in tokens. But by the summer, cost discipline set in; Amazon and Meta killed its own leaderboards in May, while Microsoft cancelled Claude Code subscriptions. Khazarian said he’s now hearing the opposite of tokenmaxxing from businesses: companies are imposing defaults that steer employees away from frontier models entirely.

 “Companies are increasingly starting to use Terra and Sonnet,” he said; the mid-tier models that are “highly performant and also cheaper.” Ramp’s top 1% of firms, the most AI-intensive in the country, now spend about $7,200 per employee per month on AI—roughly a third of Huang’s target, and tapering off.

Some analysts blame the rise of open-source models, a hot-topic issue a few weeks ago for AI companies that has now faded to the background among the high tenor of AI discourse drama. Only 3.6% of businesses on Ramp’s platform use open source or Chinese models. And even if they did, there’s good evidence that Deepseek, Tencent, Alibaba, and other major Chinese companies are fighting a brutal pricing war that’s depressing token prices too.

So it’s an international phenomenon. Back home, OpenAI and Anthropic are in a lopsided competition, Kharazian said. Since Aug. 1, OpenAI’s effective price has fallen 38%, to 48 cents; Anthropic’s has fallen 22%, to 90 cents. Anthropic has charged nearly double of what OpenAI has all year and has held down a floor near 90 cents since June, but OpenAI’s price has kept falling. That suggests Anthropic “probably has some pricing power,” Kharazian said, but “that edge is wearing down” as OpenAI takes a growing share of tokens on price.

The token pricing patterns tell a similar story; Anthropic’s price spiked when Fable 5 launched in March, and OpenAI spiked with Sol in July. But they weren’t consistent, and prices eventually faded back down. “It’s not that businesses aren’t willing to pay high prices,” Kharazian said. “Prices are relative to the other products available on the market,” and the mid-tier products “are also really good.”

OpenAI’s finance chief described that dynamic on Tuesday as she spoke at a Goldman Sachs conference. CFO Sarah Friar said the company had cut the price of its GPT-5.6 Luna model by 80% since its launch, cheaper than some Chinese open-source weight models. She added that she’d like to get away from token counting altogether, and move enterprise customers to paying only for completed work. They claim that OpenAI’s enterprise revenue grew 32% from June to July, she said, but that growth seems to come from increased share.

“I would love,” Friar said, “to get us away from token-counting.”

This story was originally featured on Fortune.com

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For nearly three years, Israel and Jewish communities around the world have been living in a near-constant state of emergency.

In Israel, our attention has been consumed by the Israel-Hamas War, the hostages, and the evolving threats posed by Iran and its proxies.

The philanthropic response has been extraordinary. Faced with urgent and immediate needs, donors and institutions did what they have always done at their best: they responded with speed, generosity, and resolve. They supported emergency relief, trauma care, rehabilitation, and countless other efforts that became indispensable overnight.

That work is far from over.

But prolonged emergencies carry a risk. They narrow our field of vision. When every day presents another urgent challenge, it becomes difficult to think beyond the next one. Emergency response becomes not only our priority, but our mindset.

 Israelis walking in front of the entrance to the Hebrew University of Jerusalem (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

The future, however, cannot wait for the crisis to end.

Alongside the responsibility to respond to today’s needs, we must also ask a different question: What are we building?

What investments will shape Israel not next month, but 20 years from now? What are the foundational assets that will determine the resilience, prosperity, and character of Israeli society? And what are the building blocks that will strengthen not only Israel, but the future of the Jewish people?

Jewish history offers a remarkably consistent answer.

Time and again, following periods of destruction and upheaval, our communities invested in education. After the destruction of the Second Temple, Jewish leadership rebuilt around centers of learning. Following expulsions, persecution, and pogroms, communities established schools and academies alongside homes and synagogues. They understood that rebuilding a society begins with rebuilding its people.

That lesson has not changed. Only its context has.

In the 21st century, education cannot be separated from research, deep science, innovation, and entrepreneurship.

The breakthroughs that define Israel’s future, whether in medicine, artificial intelligence, food security, cybersecurity, or climate resilience, will not emerge spontaneously. They will emerge from people whose talent has been cultivated over years of education, research, and discovery.

Countries ultimately compete on the quality of their human capital. For Israel, perhaps more than for any other nation, that has always been our greatest strategic advantage.

Israel among the world’s leading innovation economies

And that advantage is measurable. Israel consistently ranks among the world’s leading innovation economies, with exceptionally high levels of investment in research and development and a remarkable concentration of entrepreneurship, venture capital, and collaboration between universities and industry. Hi-tech has become a central engine of the Israeli economy and a major source of its exports.

These achievements did not emerge from natural resources, a vast domestic market, or a large population. They are the return on decades of investment in human capital: in universities, researchers, scientists, engineers, and entrepreneurs.

Universities are part of the national infrastructure. But this infrastructure cannot be taken for granted. Israel is entering a period in which enormous public resources will necessarily be devoted to defense, reconstruction, and the social consequences of war. Those obligations are unavoidable. Yet they also create a long-term risk: that the institutions responsible for Israel’s future strength will be asked to do more precisely when public resources are stretched most thin.

Israel’s universities have never depended on government alone. Their ability to conduct ambitious research, attract and retain exceptional faculty, build world-class laboratories, support students, and compete with the best institutions internationally depends on a broader partnership, one in which philanthropy plays an essential role.

Their impact also extends beyond Israel’s borders: international academic collaborations connect Israeli researchers and students with colleagues around the world, building lasting relationships and ensuring that Israel is known not only through the headlines, but through its ideas, discoveries, and contributions to global knowledge.

Our universities cultivate the scientists who will make the next breakthrough, the physicians who will transform healthcare, the entrepreneurs who will build new industries, the jurists who will strengthen public institutions, and the educators who will prepare the generation that follows, and the citizens who will sustain Israel as both a Jewish and democratic state.

Universities are among the few places where rigorous inquiry, respect for evidence, open debate, and civic responsibility are cultivated together, values that are essential to the resilience of any liberal democracy.

If we want to see the leaders who will shape Israel in the decades ahead, we need only look to today’s classrooms and laboratories.

At the Hebrew University, those future leaders already reflect the remarkable diversity of Israeli society. Religious and secular Jews, Arab students from east Jerusalem, haredim (ultra-Orthodox), new immigrants, and students from every part of the country study alongside one another. They do not arrive with the same experiences or perspectives, but they share an intellectual environment that challenges assumptions, rewards curiosity, and prepares them to lead in a society whose complexity is one of its defining characteristics.

That, too, is part of investing in human capital.

For more than a century, the Hebrew University has demonstrated what sustained investment in people can achieve. Founded before the State of Israel itself, it has helped shape the country’s intellectual foundations, produced 10 Nobel laureates, pioneered discoveries that have transformed fields from agriculture to medicine to computer science, and educated generations of leaders in government, academia, business, law, and technology.

Philanthropy has always been about more than meeting immediate needs. At its best, it invests where the returns are measured not in months, but in generations.

Today’s emergencies remain painfully real, and they deserve our continued attention and support. But we should resist allowing the urgency of the present to crowd out the responsibility to invest in the future.

The crisis may continue for some time.

Israel’s intellectual and innovative edge took generations to build. We cannot afford to let our educational excellence erode while we wait for the crises to subside.

Our investment in Israel’s future, and in the future of the Jewish people, cannot wait that long.

The writer is Vice President for Advancement and External Relations at the Hebrew University of Jerusalem. He previously served as the university’s Vice President and Director General, and held senior leadership positions at Intel in Israel and the United States.

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WASHINGTON — Former strategic affairs minister Ron Dermer firmly denied on Tuesday that Prime Minister Benjamin Netanyahu spoke with UAE President Mohammed bin Zayed before the October 7 attack, dismissing reports of such a conversation as “fiction.”

“Did a conversation take place? No,” Dermer said at the MEAD Conference in Washington.

Dermer, one of Netanyahu’s closest confidants and a central figure in Israel’s relations with the US and the Gulf states, said he would have known had such a call taken place.

“If there had been a conversation, I would have been part of it, because one of the tasks assigned to me was to expand the Abraham Accords and strengthen the partnership with the United Arab Emirates,” he said.

Dermer said he was either briefed on or participated directly in all conversations between Netanyahu and bin Zayed.

Ron Dermer, former Minister of Strategic Affairs attends a special plenum session in honor of US President Donald Trump at the Knesset. (credit: YONATAN SINDEL/FLASH90)

“I was either privy to the details or was on the line during the conversation itself, and this conversation did not take place,” he said.

Dermer denies that the call ever occurred

Dermer stressed that he was not merely disputing what was allegedly said during the call, but denying that the call itself ever occurred.

“It is not even a question of the content of the conversation,” he said. “I don’t believe there was a conversation at all. And certainly, that content was not discussed.”

Dermer said he did not know where the story originated, noting that both Israel and the UAE had rejected it.

“I think the Emiratis have made clear that it did not happen. We have made clear that it did not happen,” he said. “So it is simply fiction—a made-up story.”

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US President Donald Trump attributed the win of Germany’s far-right Alternative for Germany (AfD) party in a state election to immigration rules and regulations that he cast as “horrible.”

The AfD, bolstered by public angst over the scale of mass immigration, surged into first place on Sunday in the election in Saxony-Anhalt, the first time a far-right party has come within reach of power at the state level since World War Two.

Trump has long accused various European countries, including Germany, of losing control of their borders, following a large influx of migrants and asylum seekers, especially from the Middle East and Afghanistan, over the past decade.

“Wow! The Populist Party in Germany just had a really big night. They finally got tired of the absolutely horrible Immigration rules and regulations which have hurt Germany so badly,” Trump wrote on Truth Social on Tuesday.

The AfD’s Ulrich Siegmund, who hopes to become the new premier of Saxony-Anhalt after Sunday’s election, has promised “deportations (of illegal immigrants) from the first minute” in an echo of Trump’s own policies.

The AfD has been classified as right-wing extremist by the local office of Germany’s domestic intelligence service. In its election program in Saxony-Anhalt, it advocated for “remigration” policies to speed up deportations of rejected asylum seekers and foreign criminals and incentivize people to leave voluntarily.

It also wants the children of refugees to be taught in segregated classes.

Merz says AfD immigration policies tantamount to ‘ethnic cleansing’

German Chancellor Friedrich Merz accused the AfD on Wednesday of advocating anti-migration policies that were tantamount to “ethnic cleansing” during an address to the German parliament after his party’s bruising defeat to the AfD.

In an email to Reuters, the AfD said Merz was deliberately mischaracterizing its position to demonize the party, and said its policies were legal.

Merz is trying to regain the initiative after Sunday’s election loss and his own record-low approval ratings put his position and his government’s reform program in question. He has brushed off suggestions that he might resign.

“If what is being advocated here, namely ‘remigration’, were to become reality, it would be nothing other than a synonym for ethnic cleansing based on origin and skin color,” Merz said, in answer to an earlier speech by AfD co-leader Alice Weidel.

German Chancellor Friedrich Merz and Finance Minister Lars Klingbeil attend the 2027 budget debate at the German lower house of parliament, Bundestag, in Berlin, Germany, September 8, 2026. (credit: REUTERS/NADJA WOHLLEBEN)

The AfD’s victory also represents one of the biggest setbacks for Merz’s conservatives since they returned to power at the national level in Germany more than a year ago.

Merz spokesperson declines to comment on Trump post

When asked about the Saxony-Anhalt election on Wednesday, Merz’s chief spokesperson, Stefan Kornelius, declined to comment directly on Trump’s social media post.

But he added that Merz has indicated in the past that interventions or comments from abroad on domestic German politics, particularly elections, are “out of the question” for the chancellor.

At the same regular press conference, Kornelius said the government had postponed a planned phone call between Merz and Trump on the upcoming 25th anniversary of the September 11 attacks in the US.

“The German side postponed this call today. A new date has not yet been set,” he said, declining to give a reason for the postponement.

The US and Germany have traditionally been close allies, but their relationship has been put to the test since Trump’s return to office.

Kornelius said Germany remains ready to stand up for the values that define and unite the two countries. “These are freedom, democracy and respect,” he said.

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The UN nuclear watchdog’s 35-nation board of governors has passed a resolution reporting Iran to the UN Security Council for the first time in 20 years for breaching its non-proliferation obligations, diplomats said on Wednesday.

The International Atomic Energy Agency (IAEA) resolution follows a previous one passed on June 12 last year – the day before Israel started bombing Iran’s nuclear facilities, soon followed by the United States – that found Iran in “non-compliance” with those obligations. Reporting the breach to the council required another resolution.

While the Security Council is unlikely to take concrete action against Iran since its allies Russia and China are permanent, veto-wielding members, the move is an escalation in a diplomatic standoff between Iran and Western powers.

Iran warned on Monday it would retaliate if the resolution passed, but Iran’s mission to the IAEA did not mention retaliation in its initial reaction.

Iran says US is ‘delusional’

“Once again, a political resolution on Iran is nonconsensually adopted by the #IAEA BoG (Board of Governors),” it said on X/Twitter, referring to the fact that the resolution was voted on rather than adopted without any country objecting.

“The current situation is created solely because of the criminal acts of aggression by the US and Israeli regime. The delusional objective of the US to force the great Iranian nation into ‘surrender’ and to plunder its oil will never happen,” it added.

The resolution text, proposed by the US, Britain, France and Germany, passed with 23 votes in favor, three against and eight abstentions, said diplomats at the closed-door meeting, adding that those that opposed it were Russia, China and Niger.

“(The board) requests the (IAEA) Director General to report this resolution and the previously adopted resolutions … to all Members of the Agency and to the Security Council and the General Assembly of the United Nations, in accordance with the relevant provisions of the IAEA Statute,” the text read.

While the finding of non-compliance predates the war between the United States and Iran and concerns Tehran’s failure to explain uranium traces found at undeclared sites that the agency spent years investigating, there is now another standoff over IAEA access to the sites bombed by Israel and the US

Lack of access a ‘serious proliferation concern’

Iran has not let IAEA inspectors return to its bombed sites, including the three uranium-enrichment plants at the heart of its nuclear program that were destroyed or badly damaged in the military strikes.

Tehran has also not accounted for its stock of enriched uranium, some of which was enriched to up to 60% purity, a short step from the roughly 90% of weapons-grade.

“The Agency’s lack of information about these facilities and associated nuclear material and our inability to conduct verification activities at these facilities is a matter of serious proliferation concern,” IAEA chief Rafael Grossi told his agency’s board on Monday.

International Atomic Energy Agency (IAEA) Director General Rafael Grossi speaks to the media on the sidelines of a meeting of the IAEA Board of Governors in Vienna, Austria, June 5, 2026. (credit: Elisabeth Mandl/Reuters)

“The situation needs to be rectified with the utmost urgency,” he added.

The IAEA estimates Iran had 440.9 kg of uranium enriched to up to 60% before the US-Israeli attacks. That is enough, if enriched further, for 10 nuclear weapons, according to an IAEA yardstick. How much has survived is unclear, although the IAEA has said it believes more than 200 kg remains at one site.

Wednesday’s resolution specifically mentioned two previous ones: the June 12, 2025 text finding Iran in non-compliance and the most recent one, from June of this year, telling Iran to declare its remaining enriched uranium stocks and let inspectors verify them.

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On Sept. 10, 2001, the Jewish Telegraphic Agency reported that New York’s Central Synagogue was reopening.

The Reform synagogue had been closed for three years after a devastating 1998 fire. Hundreds of workers had helped restore the landmark building, at a cost of about $40 million. A brief JTA item noted that the synagogue had been rebuilt, and its congregants were coming home. 

It’s the kind of story that meant one thing at the time it was written, and came to mean something else just one day later. When Rabbi Peter Rubinstein delivered his Rosh Hashanah sermon on Sept. 17, he sought to balance the immense joy of reclaiming the rebuilt sanctuary with the collective trauma and grief gripping New York City. 

The terrorist attacks on Sept. 11, 2001, are often called a historic inflection point, dividing the world into a neat and fateful before and after. A look back at what JTA reported in the days before Sept. 11, and the preoccupations of American Jews ahead of that bright, sunny day in September, suggests what has changed in the 25 years since – and, depressingly, what hasn’t. 

I was on a New Jersey Transit bus to my job at the Forward when the first plane hit the World Trade Center. I made it to our offices on 33rd Street. It was a Tuesday, which meant we were getting the weekly paper ready for the printer and most of the news decisions had been made. The devastation unfolding a few miles away meant whatever we thought newsworthy on Monday – and for the foreseeable future – was beside the point. 

Two Orthodox Jewish men look up at the two columns of light, known as the 'Tribute in Light' memorial shine from lower Manhattan September 11, 2007 in New York City, New York. (credit: Chris Hondros/Getty Images)

In September 2001, Israel was in the midst of a terrorist surge

I don’t remember what the week’s top stories would have been, but I can tell you what we and other Jewish news outlets thought was important in the ‘before times.’ 

In September 2001, Israel was in the midst of the second intifada. Palestinian terrorist attacks and Israeli reprisals were daily news. On Sept. 4, JTA reported that Israeli schoolchildren were returning to classes under specific warnings of potential attacks; four car bombs had exploded in Jerusalem in a 12-hour period. 

American Jews were also confronting a hostile international campaign against Israel at the UN World Conference Against Racism in Durban, South Africa, which ran from Aug. 31 to Sept. 7. Israel and the United States withdrew their delegations after the conference became dominated by attacks on Israel.

The JTA report called it “a viciously anti-Israel, anti-Jewish circus.” It wasn’t the first time that post-colonial politics had manifested as antisemitism, but the ferocity of the invective at Durban marked what the historian James Loeffler recently called “a turning point in the evolution of antisemitism and anti-Zionism.”  

You could glimpse another stage of that evolution in a Sept. 4 article about college campuses. JTA reported that pro-Palestinian student activists hoped to launch a national campaign urging universities to divest from companies doing business with Israel, explicitly comparing Israel to apartheid South Africa.

Jewish leaders thought the campaign, which came to be known as Boycott, Divestment and Sanctions, was unlikely to catch on. “The divestment movement about South Africa was a uniting thing on campus, whereas anti-Israel activity on campus is divisive,” one Jewish leader said in a prediction I presume he regrets. 

In New York, three mayoral candidates, all Jews – Alan Hevesi, Mark Green and Michael Bloomberg – joined Elie Wiesel and Jewish leaders in criticizing Durban, just a week before the city’s Sept. 11 primary. 

And there was an argument over what American Jews should say about Israel. Organizers were preparing a huge Sept. 23 solidarity rally near the United Nations, but they deliberately chose a broad, almost bland slogan: “Standing together with the people of Israel.”

”If they had been more specific – asking for a return to the Oslo peace process or increased US intervention in Israeli-Palestinian relations, for example – part of the coalition of sponsoring organizations might have bolted,” according to a JTA analysis. 

Despite the discord and ongoing violence in Israel, some were still talking peace. Noa Ben Artzi, the then 24-year-old granddaughter of Yitzhak Rabin, was touring American Jewish communities saying that Israelis had lost touch with the slain prime minister’s conviction that peace required dealing with enemies who were also neighbors. 

A Jewish-Arab educational institute in Israel, Givat Haviva, had just won a UNESCO peace prize.  

Elsewhere, there were sightings of Jewish resilience, especially in Europe. Prague’s Jubilee Synagogue hosted its first Jewish wedding in more than 30 years, a small but powerful sign that Jewish life in the city was recovering from the Holocaust and Communist rule. 

Synagogues in England and seven countries in Central and Eastern Europe were receiving preservation grants. In Kosovo, Jews, Muslims and Catholics had worked together to rebuild a mosque damaged in the war that ended two years earlier – a “ray of light,” as one Jewish participant put it, amid the conflict in Israel and the ugliness at Durban.

And, because Jewish life can be silly, there was a story about a giant Rosh Hashanah greeting card. The 6,400-square-foot card, weighing 1,000 pounds, was unveiled at yet another pro-Israel event. Guinness World Records declined to recognize it because of the way it had been assembled.

There is a detail in the greeting card story that, like the rebuilding of Central Synagogue, would carry unanticipated meaning in the days, weeks, months and years ahead. One of the speakers at the demonstration was “a teenage survivor of the June 1 disco bombing in Israel,” a reference to an attack carried out by a Palestinian suicide bomber at the Dolphinarium discotheque on the beachfront in Tel Aviv. Twenty-one Israelis, including 16 teenagers, were murdered. 

At the time, the attack was largely denounced on the right and the left. Even Palestinian Authority President Yasser Arafat publicly condemned the bombing and called for an immediate cease-fire in the clashes between the IDF and Palestinian militants.

9/11: The War on Terror’s Pearl Harbor

A quarter century later, we look back on the Sept. 11 attacks by radical Islamists as the Pearl Harbor in the War on Terror. Despite the conspiracy theories that tried to pin the attacks on Israelis and Jews, the dominant narrative at the time was that Israel and the United States were engaged in battle against a common enemy.

The suicide bombings in Israel brought a measure of sympathy for its people. Even as the “peace process” foundered, there was guarded optimism that hawkish Ariel Sharon could perhaps be the prime minister who could finish what Rabin, another former warrior, had begun. Four years later, Sharon would indeed evacuate the Jewish settlements in Gaza. 

But Sept. 11 was only one of the 21st century’s inflection points. Oct. 7, 2023, saw another devastating, surprise terrorist attack that deeply traumatized the target nation and sparked massive military responses. And yet there were as many differences as there were similarities.

Few Americans can appreciate the social trauma of Oct. 7 within Israel, where every Jewish citizen seemed to know a victim or mourning family, and where the sheer body count, in a country of 10 million, was the equivalent of 13 Sept. 11’s. 

It was a different world, too, that witnessed Oct. 7. The ethos of Durban had gone mainstream on the left, and the vilification of Israel had become a progressive shibboleth. Israel was being led not just by a right-wing government, but a coalition that included arch-nationalists intent on closing off any possibility of reconciliation with the Palestinians.

A generation of young people, now in college and grad school, weren’t even alive at the time of the Sept. 11 attacks, and had no memory of any Israeli leader other than Benjamin Netanyahu. And 25 years after Sept. 11, the mayor of New York is himself an anti-Zionist. 

And the American Jewish community?  In the years between Sept. 11 and Oct. 7, synagogues and Jewish institutions were compelled to hire armed guards and staged “active shooter” drills. White nationalists carried out violent antisemitic attacks at synagogues in Pittsburgh and Poway, California, at the US Holocaust Memorial Museum and at a Jewish community center in Overland Park, Kansas. 

A weird coalition of the far right and progressive left has reduced “Zionist” to a slur. A Lebanese-born man inspired by Hezbollah drove an explosive-packed pickup truck into the entrance of a Michigan synagogue. Last month, an intruder interrupted Friday night services at Central Synagogue, screaming obscenities and striking a congregant.

On campus, the debates that JTA treated as a new and uncertain phenomenon in September 2001 would become as commonplace as rush week and homecoming.

There are still stories of Jewish resilience and rebuilding. There are still solidarity rallies for Israel. But the paroxysms of anti-Israel invective and the political stasis in Israel have taken their toll. Families hesitate to bring up Israel at their gatherings, worried that a youngster may announce her anti-Zionism or an elder his belief that “there are no innocents” in Gaza. 

The Jews reading JTA in the days before Sept. 11 didn’t know that their concerns were about to be reordered. They didn’t know which events would become footnotes and which would become the main story lines in American Jewish life.

They certainly didn’t know that a synagogue reopening in Midtown Manhattan, as inspiring as it was and is, would soon acquire the eerie glow of a false dawn.

This post was originally published on here. 

The fifth season of Fauda has just been released on Netflix around the world, after it was shown in Israel on Yes, and it ends in a cemetery at the funeral of one of the main characters, who was killed trying to take revenge on Hamas terrorists.

It’s a fitting end to a season, and perhaps to an entire series, that was about the real, day-to-day cost of the Israel-Palestinian conflict.

It also underscores that despite the fast-paced, suspenseful action sequences in every episode, the real reason we kept watching was that we came to care about the characters, both Jews and Arabs.

More than any previous season, however, the fifth season is told from the point of view of the core members of the counterterrorism unit we have been following all these years: Doron (Lior Raz), Eli (Ya’akov Zada-Daniel), Steve (Doron Ben-David), and Gabi “Captain” Ayoub (Itzik Cohen), and not from Arab characters.

Perhaps it couldn’t be any other way, because, as has been widely reported, Fauda creators Raz and Avi Issacharoff, and the series writers, had season five written.

THE SIXTEEN SHEEP: The Reunion' (from left) Yoni Rechter, Yehudit Ravitz, Gidi Gov, and David Broza. (credit: Yariv Fein and Guy Kushi/Courtesy of Hot 8)

It was ready to shoot, but they scrapped their scripts following the Hamas massacre on October 7, 2023, which was far more deadly than anything they had imagined.

For those who want to watch the latest season without knowing more about it, stop reading here, because some spoilers follow.

The word “Fauda” means chaos in Arabic, and the new season starts out with a title showcasing a different Arabic word, “tha’r,” which, we’re told, means “Blood Revenge, restoring violated honor or avenging injustice.”

After that, it opens two years after October 7, with Salem (Byan Anteer), a Bedouin tracker who works with the unit, praying at the grave of his son, Yusef, who was killed in the massacre, and promising revenge for his death.

He goes to see Eli, who is living quietly in a nearby settlement, grieving the death of his wife, Hagit (Dafi Shoshana-Alpern), who was the widow of another unit member, Avichay (Boaz Konforty), and his two stepchildren on October 7.

Salem says he has received some new information: a video from inside Eli and Hagit’s house that shows who killed Eli’s family and Yusef, who was at their kibbutz to build a gazebo and took refuge in their safe room.

The killer fled and started a new life in Marseille.

At first, Eli does not want to hear about it. But Salem insists that they must take “tha’r,” saying, “If we don’t do this, that day will haunt us for the rest of our lives.”

Eli does not need much coaxing, and soon they are on the way to France to find this murderer, Maher (Amjad Bader), who is hiding in plain sight. Not long after, Steve and Doron join them.

Much of the season is their pursuit of this killer and his associates, who are planning a new attack in Israel, and they meet Maher’s widow, Anne (Melanie Laurent of Inglourious Basterds), a Frenchwoman who has embraced the Palestinian cause.

Eli and Doron fall back on their usual MO, going undercover, and end up with Anne in a terror training camp in Syria.

Flashbacks to October 7, 2023

BUT A LITTLE after the midpoint of the season come episodes seven and eight, which are a flashback to October 7.

Both on Yes in Israel and on Netflix, they were released with a disclaimer warning viewers that they contain graphic violence and, in a most unusual step, informing audiences that they can skip them and still follow the last three episodes of the 11-episode season.

These episodes, particularly episode eight, are extremely disturbing, although the truth is that they show nothing that will be new to any Israeli who watched the news regularly three years ago.

They are constructed and filmed to resemble news clips, dashcam videos, and especially the videos that the terrorists themselves filmed and broadcast to the world.

Doron and Steve are just the kind of men who would take off as soon as they heard of the attack to fight the terrorists, and they do.

Eli is called out of the kibbutz in the middle of the night to keep watch on the border, but nothing happens until the missiles start being fired at 6:29 a.m., and by the time he realizes that no one is more vulnerable than the civilians on the kibbutzim, it is too late for him to make it back to save his family.

Doron and Steve also try their hardest to get to Hagit and the children, and on the way fight terrorists along the roads and at the Nova Festival.

As they see how many terrorists have invaded the area, and how few soldiers and police officers are fighting them, who are no match for them, Doron says, “Everything’s falling apart.”

These scenes bring back all the horror and chaos of that day, and unlike virtually every other episode of the series when the commandos fight like superheroes, you know there isn’t very much they can do, and it’s sobering.

They have never been more needed, but they have never felt more disillusioned or helpless. Yes, they save a few people, but there are many more who die in front of them.

The rest of the season takes us back to the terrorists and their new plot, but, like Eli, many of us will find our minds are stuck on that kibbutz, trying and failing to make sense of the deaths of his family.

The funeral in the last scene brings back Idan Amedi, previously a Fauda regular, who sat out the rest of the season because he needed time to recover from the injuries he suffered fighting in Gaza.

His presence, and the fact that the season was dedicated to Matan Meir, a crew member who was killed fighting in Gaza in November 2023, remind us that this war touched all of our lives.

For Doron, Steve, and especially Eli, at the end there is little comfort in the revenge, only chaos, loss, and a sense of abandonment, a feeling so many have experienced over the past three years.

The season is one of Fauda’s best, and it’s hard to know how people around the world will respond, but one thing is certain: millions will watch it. Fauda’s creators have said this is the final season, and it’s hard to imagine how they could follow this up.

New documentary for Israeli music lovers

ISRAELI MUSIC lovers will want to watch the new documentary The Sixteenth Sheep: The Reunion, which premieres on Hot 8 and Yes Docu on the evening of September 10 and is available on Yes VOD, Hot VOD, and Next TV.

Directed by acclaimed documentary filmmaker Ran Tal, the movie tells the behind-the-scenes story of the reunion of the Sixteenth Sheep group – David Broza, Gidi Gov, Yehudit Ravitz, and Yoni Rechter, each of them among the greatest Israeli musicians of all time on their own, but together, a true supergroup.

They came together to perform songs by Yehonatan Geffen, which were set to music by Rechter and, in one case, Broza, and released in the late 70s on The Sixteenth Sheep album.

There are few Israelis of any age who cannot sing at least a couple of these songs, and the reunion tour of the artists over the last few years was wildly popular and provided magical moments during the war.

Several new documentaries about the September 11 attacks

NOW THAT it has been 25 years since the 9/11 Al-Qaeda terror attacks on the US, there are several new documentaries out.

Windows on the World: 9/11’s Forgotten Story, on Hot VOD and Next TV, examines the tragedy through the staff and guests of the restaurant that was on the 106th and 107th floors of the North Tower.

Everyone present when the plane hit was killed, and their stories have not been told in detail before.

Netflix features a new documentary, Turning Point: Generation 9/11, that looks at people who were young children at the time of the attacks.

The first part of the movie focuses on young people whose parents were killed in the attacks and is very moving. The second part of the film focuses on US policy in the wake of the attacks, and it makes points we have heard many times before.

While the US made many mistakes, to suggest, as many interviewees in this documentary do, that the response to 9/11 in America, such as heightened airport security, is somehow evidence of the US becoming a police state, rather than rational safeguards after the murder of nearly 3,000 people, defies common sense.

A documentary about how entertainers and athletes helped New Yorkers recover from the attacks, 9/11-United We Stand, 25 Years Later, now streaming on Disney+, is a far more enjoyable look at the resilience of New Yorkers.

Two feature films about 9/11 are available on Apple TV+: Oliver Stone’s World Trade Center, with Nicolas Cage as a Port Authority cop trapped in the rubble, and Paul Greengrass’s United 93, which is a documentary-style look at that doomed flight in real time, from the point of view of the passengers, crew, and air-traffic controllers.

This post was originally published on here. 

Those in Israel’s war room after Oct. 7 had to fight for their nation’s survival without the luxury of knowing how the story would end.

This post was originally published here. 

For decades, Ethiopian Israelis have been told to integrate patiently, vote loyally, serve courageously, and accept whatever political position established parties decide to offer them. But democracy is not an immigration office where citizens wait quietly for someone to call their number, and on Tuesday, Gadi Yevarkan offered a different answer: If the existing table has too little room for Ethiopian-Israeli leadership, build a new table and invite all of Israel to sit around it.

Yevarkan, a former member of the Knesset and former deputy minister of public security, launched his new Beit Yisrael party before a large audience in Petah Tikva. His official Knesset record confirms that he has already served inside Israel’s national institutions. Now he is attempting something more difficult: constructing an independent political movement.

I do not know whether Beit Yisrael will cross Israel’s electoral threshold. I do not know how many seats it might receive or whether it will become a significant force in the next Knesset. But something larger than Yevarkan’s personal future occurred in Petah Tikva. An Ethiopian-born Israeli leader stopped asking established parties where they might place him and began asking Israelis whether they would follow him.
That is a democratic breakthrough.

For years, Ethiopian Israelis have entered existing parties only to discover that inclusion and power are different things. Parties celebrate Sigd, praise the courage of Ethiopian soldiers, and display photographs from Operations Moses and Solomon. Yet Ethiopian-Israeli candidates are frequently placed where they have little chance of entering the Knesset or advancing into senior national leadership.

The usual expectation is clear: Join someone else’s movement, deliver your community’s votes, and be grateful for the position you receive.

Beit Yisrael challenges that expectation. Its message is not simply, “Give Ethiopian Israelis representation.” It is: “Ethiopian Israelis can organize a national political force, compete for votes, negotiate in coalition politics, and help determine how public resources are distributed.” That is not separatism. It is democracy.

Political independence for Ethiopian Israelis

Israel’s political system already contains parties built around religious communities, ideological movements, immigrant populations, and distinct social interests. Ethiopian Israelis have the same democratic right to organize. Political independence should not be considered dangerous only when black citizens attempt it.

The more important question is whether Beit Yisrael can become more than an Ethiopian-Israeli protest party. Yevarkan says that it is open to everyone. That ambition must become visible in its leadership, candidates, and policies.

The Ethiopian-Israeli community alone may not provide enough votes to carry a new party into the Knesset. Beit Yisrael must therefore build a wider coalition among Israelis who feel economically ignored, geographically marginalized, or politically taken for granted.

It should speak seriously about national security, equal military or civilian service, the cost of living, education, public safety, social mobility, and the neglect of Israel’s geographic periphery. It should address discrimination without reducing Ethiopian Israelis to permanent victims. 

Its message should be one of responsibility: We served this country; we helped build it, and we are prepared to help govern it. The party will also need leaders whose records demonstrate competence beyond electoral politics. One outstanding example is Dr. Nigist Mengesha.

Born near Gondar, Mengesha worked as a social worker in Ethiopia before making aliyah in 1984. She earned a bachelor’s degree in social work from Bar-Ilan University, a master’s degree from the Hebrew University of Jerusalem, and a doctorate from the University of Sussex. Her research examined educational mediation for Ethiopian students in Israeli schools.

She co-founded the FIDEL Association, which created educational and social programs for Ethiopian Israelis, and served as director-general of the Ethiopian National Project. She worked with the Welfare and Social Affairs Ministry, graduated from the Mandel School for Educational Leadership, and led a municipal education department. She also represented Israel at the 2001 UN conference against racism in Durban, and has received significant recognition for her educational leadership.

Beit Yisrael, or another serious national party, should offer her a realistic position on its electoral slate. She should not be recruited merely because she is an Ethiopian-Israeli woman, but rather because decades of educational, municipal, and community leadership have prepared her for national service. Mengesha’s record could also make her a compelling future candidate for the presidency of Israel. That possibility should not sound revolutionary. It should sound overdue.

Imagine what her leadership would communicate to Israelis and the world: A black African Jewish woman, brought to Israel through aliyah, educated in Israeli and international universities, and entrusted with representing the Jewish state.

Such an image would be powerful, but it would not be manufactured public relations. It would express a historical truth. Israel is not a white European colonial project. The Jewish people are a diverse and ancient people whose communities preserved their connections to Jerusalem across Europe, Africa, Asia, and the Middle East. Israel must stop pretending that qualified Ethiopian-Israeli leaders do not exist. They do. What has been missing is a political structure that is willing to trust us with power.

Beit Yisrael must now prove that it is such a structure. It should publish a serious platform, establish transparent internal rules, recruit women and young leaders, welcome Israelis from beyond the Ethiopian community, and explain precisely how it would use parliamentary power.

It must also avoid the temptation to become merely a bargaining instrument that disappears after securing appointments for a few individuals. Its success should be measured by whether it advances better schools, safer neighborhoods, economic opportunity, fair policing, completed family reunification, and genuine access to national leadership.

One can agree with Yevarkan or disagree with him. One can support Beit Yisrael or vote for another party. But the importance of this moment should be recognized. Ethiopian Israelis are no longer willing merely to be integrated into someone else’s political vision. They are claiming the democratic right to present a vision of their own, not only for Ethiopian Israelis, but for the entire country.

For years, we asked for a place at the table. Gadi Yevarkan has begun building another one. Now the Israeli public will decide who is prepared to sit with us.

The writer is a former New York City Supreme Court detective, an investigator and educator in conflict resolution and restorative peace, and a moral diplomacy expert. His upcoming book, Moral Diplomacy for a Broken World, is inspired by the late Rabbi Jonathan Sacks.

This post was originally published on here. 

“From an economic standpoint, it’s not as bad as it sounds,” former economic attaché to the UK, Shmuel Ben-Tovim, said in a Wednesday interview with 103FM about the sanctions announced by 12 European countries against the West Bank.

“There have already been all kinds of crises in our relations. Perhaps the most prominent was in 2010 during the Mavi Marmara crisis, which caused relations to sour. After that, things eventually returned to normal,” said Ben-Tovim at the beginning of the interview.

“At a rough estimate, products originating directly from settlements account for maybe tens of millions of dollars. I’d also point out that yesterday’s announcement requires legislation. That process could take several months, and who knows where things will stand by then?”

Ben-Tovim went on to endorse Jerusalem’s retaliatory measures, including closing the British Consulate in Jerusalem and expelling officials from the Kiryat Gat headquarters.

The entrance of the British Consulate in Jerusalem on September 9, 2026 in Jerusalem. In response to sanctions announced by UK Foreign Minister Ed Miliband on goods imported from Israeli settlements in the West Bank, Israel's Foreign Minister, Gideon Sa'ar, responded with a series of measures. (credit: Amir Levy/Getty Images)

Israel has economic leverage against the UK

“Beyond the diplomatic steps Israel took yesterday – which I think were spot on – Israel also has economic leverage. Trade between Israel and the UK is roughly balanced.”

“Britain relies on us for a wide range of goods,” he added, “including in the defense sector. I think the political hit they took was immediate, whereas our economic hit will take longer to materialize. Shutting down the Jerusalem consulate is a very serious step. We’ll have to see how this plays out.”

Ben-Tovim’s comments come after British Foreign Secretary Ed Miliband announced an import ban on goods from “illegal” settlements in the West Bank, as well as sanctions against specific individuals and businesses providing services such as construction, instruction, financing, or real estate for settlement expansion.

Mathilda Heller contributed to this report.

This post was originally published on here. 

Demonstrators and community activists gathered outside the Democratic Socialists of America (DSA) headquarters in downtown Manhattan for a rally organized by the EndJewHatred movement and the Lawfare Project on Tuesday.

The rally, titled “Unite Against Terror,” took place at the corner of Essex Street and Straus Square near the DSA offices. The gathering was held three days before the 25th anniversary of the 9/11 terrorist attacks, focusing community opposition against the DSA and New York City Mayor Zohran Mamdani.

New York City experiences a marked rise in antisemitic incidents

The rally unfolded against the backdrop of a marked rise in anti-Jewish incidents in the city, with recent New York Police Department data showing that hate crimes targeting the Jewish community continue to drive local offense statistics.

Critics and community leaders have increasingly blamed Mamdani for fueling these tensions, pointing to his rhetoric regarding Israel.

Protesters stood with victims and families of 9/11 and directed a message to city leadership that terror has no place on local streets, while speakers addressed the growing crowd.

New York City Mayor Zohran Mamdani and UK’s Green Party leader, Zack Polanski, have revived the debate over whether Zionism can be considered racism.  (credit: MICHAEL M. SANTIAGO/GETTY IMAGES)

Cheri Sparacio and Mike Weinstein, relatives of people killed on September 11, 2001, took the stage to voice sharp opposition to Mamdani’s planned appearance at the upcoming 25th-anniversary ceremony.

Sparacio said to the crowd, “How can this man be at my husband’s memorial? How can I stand there with him at my husband’s memorial?”

Weinstein echoed those sentiments, highlighting his deep multi-generational roots in New York and saying, “Make no mistake about it, all [those who] died and their families were impacted by the attacks by al-Qaeda, violent Sunni Islamic terrorists, and jihadists.” Weinstein further criticized city leadership: “Some of the leadership of the DSA are aligned with terrorist ideology,” adding that attacks on Jews and New York had risen substantially since the mayor took office.

Ori Solow, cofounder of the political campaign and advocacy network, Stop Mamdani, addressed the crowd during the evening event, saying, “New York will never surrender to radical extremism.” Fellow co-founder Ezra Greenspan similarly said, “New York will not stand by quietly.”

Renee Collymore, head of the Black Jewish Coalition in Brooklyn, spoke at the rally, urging solidarity and action. She said, “Do not let them scare you,” emphasizing, “We must put our support together, the Jews and the Black folks; we got to work together. This is the only way we’re going to stop the DSA.”

President of the American Muslim & Multifaith Women’s Empowerment Council Anila Ali also spoke at the event, addressing the crowd about ideological threats: “Understanding the radical ideology that Mayor Mamdani believes in… it’s the same ideology that attacked America on 9/11; 3,000 of our innocent people were murdered by the Al-Qaeda ideology.”

Ali further warned, “that ideology has seeped into all our institutions, the Democratic Party, the DSA, the universities, the colleges, and also our schools.”

NYC activist Jacqueline Toboroff took the stage to criticize local political organizing, saying, “DSA runs close to 100 events in New York City per month. What the hell are the Republicans doing about this?”

Toboroff further condemned campus activism: “They used our school campuses from CUNY, NYU, and Columbia as campaign headquarters, get-out-the-vote operations, recruitment centers. And if you’re wondering why these campuses in America resemble Hamas outposts, it’s because DSA is there.”

She added, “This is how Zohran Mamdani secured the June primary. He was installed by who? By the people that DSA activated on those campuses.”

Activist and speaker Shabbos Kestenbaum addressed the crowd, pointing out the ideological alignments of local officials and condemning terrorism. He said, “Don’t take it from me, just listen to their own words; they’re individuals like Zohran Mamdani, who praise, who praise the Holy Land Five, a convicted terror front, who were convicted in a federal court for providing millions of dollars to terrorist organizations.”

Kestenbaum further suggested, “If you don’t like America, one of the great things about our country is we are blessed with a multitude of airports. You should visit one of them and leave.”

Rally participants held American flags and placards that featured messages such as “USA Not DSA,” “Unite Against Extremism,” “Remove Mamdani,” and “Stop Zohran Mamdani.”

Throughout the demonstration, the crowd joined in loud chants, repeatedly shouting slogans like “Stay away, Mamdani!” Activist and singer Ghazal Mizrahi sang the American national anthem.

Jayne Zirkle, director of communications for EndJewHatred said in a statement to The Jerusalem Post, “Last night, EndJewHatred presented a rally to remember the lives lost on 9/11, but remembering alone is not enough. We must also confront the ideas and movements that contribute to extremism.

“The rally specifically raised awareness about the Democratic Socialists of America and what we believe are fundamental differences between aspects of its platform and the principles that have long shaped the American way of life, including our constitution, individual freedom, and the rule of law.

“This was a call to recognize the warning signs, reject extremism, and protect our communities from forces that can threaten the fabric of our country from within. EndJewHatred brought together an interfaith coalition of Christians, Jews, and Muslims who stood together to remember 9/11 and affirm that Americans of different faiths can unite in defense of a free society,” Zirkle said.

The DSA did not respond to the Post’s request for comment by the time of publishing.

This post was originally published on here. 

Former prime minister Naftali Bennett can “fix Israel after the chaos of October 7,” retired IDF general and counterterrorism expert Major-General (res.) Noam Tibon told The Jerusalem Post, as he spoke on his security priorities as a candidate on Bennett’s B’Yachad slate.

Tibon’s comments came at B’Yachad’s Knesset slate unveiling in Tel Aviv on Sunday, before the deadline for parties to submit their final candidate lists.

He received the sixth spot on Bennett’s slate, and with recent polls projecting B’Yachad to win around 15 seats, Tibon is well-positioned to enter the next Knesset.

‘I think we have the best team’

The B’Yachad party was formed from an alliance between Bennett and opposition leader Yair Lapid’s centrist Yesh Atid Party. It is one of the leading parties in the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu in the October elections.

“I think we have the best team. And it’s a team of professionals. And Naftali Bennett is coming with experience,” Tibon told the Post.

Former prime minister Naftali Bennett at the B'Yachad party headquarters, August 30, 2026. (credit: MARC ISRAEL SELLEM)

Regarding Bennett and his leadership, Tibon spoke of the past government, saying he believed Bennett “was a great prime minister.”

“ He made some mistakes,” Tibon said, but added that he believed Bennett had learned from them.

“I believe that we can fix Israel after the chaos of October 7. We have a plan, you know. We’re going to touch everything,” Tibon said.

Tibon is considered a top expert in the field

Tibon served in the IDF for 35 years in senior command positions, specializing in combat operations and counterterrorism. He has since been considered a top expert in the field.

During the October 7 massacre, Tibon drove to Kibbutz Nahal Oz and rescued residents from the kibbutz, including members of his own family.

Regarding improving Israel’s security after October 7, Tibon said that his first priority for the country was to “bring security back to the people in the North [and] to the people in the South.”

Further, he said that it was required to “bring a new doctrine to Israeli security.”

“We need to win the war against Hamas, against Hezbollah, to disarm them, which didn’t happen yet.”

In order to defeat the country’s enemies, Tibon said that Israel required “a much bigger army.”

“We need to recruit the ultra-Orthodox. And everyone who will not serve will not get a shekel from the state of Israel,” he added.

“We’re going to recruit the Orthodox. We’re going to fix the economy.”

Tibon also said that B’Yachad would work “to fix education in Israel.”

“We’re going to change the whole balance in Israel. And we’re going to shut down the poison machine,” Tibon said.

This post was originally published on here. 

Sheba Medical Center held an appreciation ceremony for Turpaz Industries CEO and controlling shareholder Karen Cohen Khazon and her family following their donation of company shares worth approximately NIS 70 million to three major Israeli hospitals.

The donation, announced in July 2025, consisted of 1% of Turpaz Industries shares from the personal holdings of Cohen Khazon and her husband, Shay Khazon. It was designated for medical initiatives at Sheba Medical Center, Rabin Medical Center-Beilinson Hospital and Soroka Medical Center.

During the ceremony, Sheba inaugurated its Institute for Obstetric and Gynecologic Imaging in memory of Cohen Khazon’s late parents, Nediva (Gisèle) and Moshe (Musa) Cohen.

The event, held at Sheba’s Institute for Gynecological and Obstetric Ultrasound, included formal remarks and a ribbon-cutting ceremony. Prof. Yitshak Kreiss, director-general of Sheba Medical Center, was among those who attended.

The Sheba ceremony followed similar events held in recent months at Soroka and Beilinson to recognize the donation.

Sheba Medical Center (credit: Omer Fichman/Flash90)

Cohen Khazon dedicated the contribution to her parents, saying they had instilled in her the values of generosity, humility and civic responsibility.

Donation to support cardiac care, Soroka recovery

At Beilinson, the donation was designated for the development of the hospital’s Cardiology Center in the Hope Tower, headed by Prof. Ran Kornowski, and the expansion of the Cardiac Intensive Care Unit, led by Prof. Katia Orvin.

The funding is intended to increase treatment capacity, improve infrastructure and support the introduction of advanced technologies for cardiac patients.

Cohen Khazon and her husband also visited Soroka Medical Center in Beersheba, where they met hospital director Prof. Shlomi Kodesh.

Their visit came following extensive damage sustained by Soroka during Operation Rising Lion.

The portion of the donation allocated to Soroka is intended to help restore and upgrade damaged infrastructure, reinforce critical departments and purchase equipment for the hospital’s emergency and trauma units.

When the donation was announced, Cohen Khazon said she viewed the contribution as a way of translating business success into a broader contribution to Israeli society.

“I dedicate this donation to the memory of my beloved parents: Nediva (Gisèle), who raised and educated generations of children with special needs, and Moshe (Musa) Cohen, one of the founders of Israel’s electrical industry, who also made a significant contribution to the industry worldwide,” she said.

Generosity, humility and civic responsibility

“They instilled in me the values of generosity, humility and civic responsibility. As the CEO of a company that operates internationally yet remains deeply rooted in Israeli society, I felt that this was the right time to translate business success into a positive social impact.”

Turpaz Industries operates in the flavor, fragrance and specialty ingredients industries. The company markets products to more than 4,900 customers in over 100 countries and operates manufacturing facilities, research and development centers, laboratories and sales offices around the world.

The company employs more than 1,100 people and has completed 28 acquisitions since 2017 as part of its international expansion strategy.

This post was originally published on here. 

US President Donald Trump said Wednesday that he expects the war with Iran to end “immediately after” the US midterm elections, arguing that Tehran is attempting to influence the vote in hopes of facing a weaker Congress.

Speaking to reporters before departing for Dallas, Trump was asked about the continued conflict with Iran and the sharp rise in oil prices.

“I think the war will end immediately after the election,” Trump said. “I think the war will end immediately after the election because they can’t hold out any longer.”

Trump then accused Iran of attempting to influence the November vote: “They’re desperate to try and affect the election so that we can get a nice weak group of people in there and leave them alone and let them have their nuclear weapon,” he said. “All they want is a nuclear weapon, and if they had a nuclear weapon, the whole world is in deep trouble.”

Trump’s remarks came as oil prices climbed above $100 a barrel amid renewed US-Iran military action. He acknowledged that Americans are paying higher prices but again framed the conflict around preventing Iran from obtaining a nuclear weapon. 

“All you have to do is say, ‘Will you let Iran have a nuclear weapon?’ And the answer is no,” Trump said. He claimed Iran’s economy was in severe distress, citing high inflation, a weakened currency and difficulties paying its military.

“We control the strait and lots of other things,” he added.

Trump predicts reduction in oil, gas prices

Trump predicted that energy prices would begin falling after the midterms. “Right after the election, oil prices are going to be tumbling downward,” he said. “They’re going to be tumbling down, and we’ll get them down. I think for gasoline, we’ll get them below $2 a gallon.”

He cautioned, however, that the decline would not come before the vote. “But not until after the midterms,” Trump said. “I think it’s going to take a little bit longer than the midterm.”

Asked about the latest US attacks on Iranian assets, Trump said Washington was responsible for the strikes and signaled that more could follow. “The attacks are made by us,” Trump said. “We’ve knocked out nine of their ships. I would say that the attacks are caused by us. Yeah, and you’re going to see a lot more.”

He later said the United States had “taken out about nine of their tankers.” Trump was also asked whether a nuclear agreement with Tehran remained possible after Energy Secretary Chris Wright reportedly suggested such a deal might no longer be on the table.

“I’m doing much more than a nuclear deal,” Trump replied. “There’s a lot more than nuclear. We’re going to have nuclear. That’s 99.9, but there’s going to be a lot of other things on the table that wouldn’t have been on the table three months ago.”

Trump responds to UK’s West Bank sanctions

Trump also addressed for the first time the sanctions announced by Britain, France and Canada targeting Israeli settlements in the West Bank. The measures have prompted a sharp response from Israel, including a demand that Britain close its East Jerusalem consulate within 30 days. 

Asked for his reaction and whether he opposed the measures, Trump said he had only just learned of them. “Well, I’ve just seen it, and I’ll be speaking to Israel,” Trump said. “I’ll be speaking to them, and I’ll find out what their thinking is. I understand, you know, I understand exactly what’s going on, but I want to find out why all of a sudden that has happened.”

The comments were more cautious than those of US Ambassador to Israel Mike Huckabee, who has publicly condemned the sanctions. Secretary of State Marco Rubio had also previously declined to directly endorse or condemn the British move, while saying Washington did not want to see “anything destabilizing” in the West Bank. 

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The first flight of a United Airlines passenger plane from Newark Liberty International Airport (EWR) to Tel Aviv’s Ben-Gurion Airport (TLV) landed in Israel on Wednesday.

The plane, a Boeing 787-10 Dreamliner, took off to fly the return route back to Newark later on Wednesday.

The airline has not operated the route since before Operation Roaring Lion in February. Several airlines canceled their operations to the Middle East, including Israel, due to the then-regular Iranian ballistic missile and drone attacks across the region.

Currently, it is operating two round trips between its main hub in Newark and Tel Aviv every day, with a third slated to be added from November, The Jerusalem Post learned.

Airline to resume direct flights between Tel Aviv, Chicago, Washington, San Francisco

Meanwhile, the airline has also planned to resume direct flights from Chicago O’Hare International Airport (ORD), and Washington Dulles International Airport (IAD) from October. Additionally, United is slated to resume flights from San Francisco International Airport (SFO) starting in March 2027, the Post previously reported.

A United Airlines plane seen at Ben-Gurion Airport, August 14, 2025; illustrative. (credit: YOSSI ALONI/FLASH90)

The San Francisco flights, in particular, will boast the “highest frequency of business class seats between the two cities of any airline,” United claimed in August.

Delta also resumes flights, raising competition on the Israel-US route

Delta Air Lines also returned to Israel on Monday, landing at Ben-Gurion over 40 minutes ahead of schedule, the airline said at the time.

Delta’s Airbus A330-900neo left New York’s JFK Airport on Sunday, making it the first flight the airline operated since before Operation Roaring Lion.

Aaron Glick contributed to this report.

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The Treasury Department on Wednesday revealed that it will buy back up as much as $6 billion in longer-dated U.S. debt in an operation this week.

The agency’s Bureau of the Fiscal Service announced that it will purchase up to $6 billion in 10-year notes and 20-year bonds in an operation. The securities that will be bought in the operation, which is scheduled to occur from 1:40 p.m. to 2 p.m. ET on Thursday, have maturity dates ranging from February 2037 and August 2046.

The buybacks follow Treasury Secretary Scott Bessent’s announcement that Treasury’s buyback operations would be at least $4 billion until early November, an increase from the $2 billion that the agency would typically buy back in an operation.

Yields on Treasurys have been elevated in recent years due to stubborn inflation, which has been exacerbated by the Iran war and has caused interest rates to rise further.

BESSENT SAYS TREASURY AUCTIONS WILL CONTINUE AS USUAL DESPITE EXPANDED BUYBACK PROGRAM

Treasury framed the buyback in its August announcement as intended to “provide greater liquidity support in longer-dated nominal sectors where there is consistent strong sponsorship from market participants, as evidenced by the significant volume of high-quality offers Treasury routinely receives in longer-dated buyback operations.”

Yields on both the 10-year note and 20-year bond rose following the announcement.

The yield on the 10-year note rose to the highest level since 2023, climbing to above 4.85% during Wednesday’s trading session. The 20-year bond yield also rose above 5.3%.

TREASURY YIELDS HOVER NEAR MULTI-YEAR HIGHS AS ENERGY PRICES AND GOVERNMENT DEBT FUEL BOND SELL-OFF

Matt Cole, CEO of Strive Asset Management, told FOX Business in an interview that the “market’s calling a bluff because these [buybacks] are very small sizes.”

Cole said buybacks of $2 billion or $6 billion pale in comparison to both the gross national debt of more than $40 trillion and the level of debt issuance that’s expected to continue in the future with annual deficits projected to rise above $2 trillion.

“There’s so much debt out there, and there’s so much need over the next couple of years to issue more debt out there, that the market is just saying this is not enough,” he explained. “I think that’s the signal, and ultimately it’s not going to be fixed if he raises it from $6 billion to $12 billion.”

US NATIONAL DEBT HITS $40 TRILLION MILESTONE FOR FIRST TIME EVER

He noted that most developed countries are facing similar debt problems, while corporate debt issuance is also rising to help finance the artificial intelligence (AI) buildout with yields that are competing with the debt issued by Treasury and foreign governments.

Bessent noted that dynamic in remarks on Tuesday, saying that if markets were concerned about U.S. bonds and default risks, they would be turning to German or Japanese bonds – but that the U.S. bond market has outperformed those.

Cole added that he thinks Bessent and Federal Reserve Chair Kevin Warsh may be the brightest people to hold their roles but are in a difficult spot given the U.S. government’s fiscal position.

“The problem is not them, the problem is a structural debt crisis playing out,” he said, adding, “I think that they should, to the maximum degree possible, be trying to foster a high-growth environment.”

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“I know Bessent talks about trying to grow his way out of it. I don’t think you actually can grow your way out of it. But I do think it’s the best thing to be trying to do, and at worst, you at least help the U.S. not slow down too much during… an industrial revolution in this AI data center buildup,” Cole said, emphasizing the need for the U.S. to compete and win in AI to drive growth.

“Of all the impossible options, that’s the best to try,” Cole added. “I just think that there’s not a path to be successful here outside of stopping spending, and I just don’t think we will do that.”

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Robotaxis will be a common sight on the world’s streets within five years, predicted James Peng, founder and CEO of the Chinese autonomous driving firm Pony.ai. “I think the technology problem is pretty much already solved,” he said at the Fortune Leaders Forum in Macau on Sept. 8. “You’ll be able to hail a robotaxi just like a normal taxi.”

While Waymo dominates the robotaxi conversation in the U.S., Chinese robotaxi firms like Pony.ai are gaining ground almost everywhere else. Pony.ai, founded in 2016, runs commercial robotaxi services across Beijing, Guangzhou, Shenzhen and Shanghai. The company now averages about 25 rides per day per vehicle.

“Our riders are very diverse across different age groups, different professions,” Peng said. “It’s definitely not something unique, just for the tech-savvy people to try.”

The company is also pushing abroad. In August, Pony.ai announced an expanded partnership with Uber to deploy more than 2,000 robotaxis across Europe, building on their launch in Zagreb, Croatia, and agreed to bring 200 robotaxis to South Korea by 2028. It also has partnerships in the Middle East and Singapore. 

LUCAS SCHIFRES for Fortune

When deciding where to expand, Peng said he looks for cities with a relatively expensive taxi market and a favorable regulatory environment. Partnerships with companies like Uber can help foster trust in a community and convince governments and policymakers to embrace a driverless future.

Other robotaxi providers, like WeRide and Baidu, are also pushing abroad with new ventures in Southeast Asia and Europe. 

Peng credited China’s “supportive” regulatory environment for the country’s strength in autonomous driving. “The key challenge is it’s such a complex system,” he said. “It requires hardware, software, talents… China provides a good system to support this kind of innovation.”

More widespread robotaxis could reshape how cities work. “Most private cars are used for two hours a day,” Peng said. “If robotaxis are more ubiquitous, we’ll save on parking spaces.”

“The implications will be profound,” he added. “It will change the whole urban planning and change the way of our life.”

Pony.ai generated robotaxi revenue of $12.1 million in the second quarter of the year, a jump of almost 700% from a year earlier. Still, the company also reported an operating loss of $65.7 million.

In a March interview with Fortune, Peng noted some ways that robotaxis were changing user behavior. Passengers, for example, sometimes forget to close the car door when leaving; without a human driver, Pony.ai ends up asking nearby delivery gig workers to close the door for them.

At the Fortune Leaders Forum, Peng shared another observation: The share of female riders trends upwards during evening hours. “They feel a lot safer because there are no drivers,” Peng said. “It’s safe, private, and, also, it’s consistent.”

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The price of oil surpassed $100 a barrel for the first time since July after attacks on oil facilities and ships in the Middle East threatened to debilitate an already weakened supply chain.

Brent crude, the international standard, jumped nearly 3% to $100.72 early Wednesday.

U.S. benchmark crude gained 2.4% to $95.25 a barrel, and U.S. gasoline prices rose sharply overnight.

The average price for a gallon of regular gasoline ticked up 7 cents overnight to hit $4.22, now more than a dollar above what it cost at this point last year, according to AAA.

Diesel prices, which can have an outsized impact on consumers because it is used in shipping and production, hit an all-time high Friday and has continued to climb since. The average price for a gallon reached $5.94 overnight and is now 9 cents higher than it was Friday.

Jet fuel has become so expensive that U.S. and international carriers have cut flights while raising fares and fees.

Markets reacted after the U.S. military reported striking five Iranian tankers in response to attempted missile attacks on a Navy warship and after attacks by an Iranian-backed Houthi rebel group ignited fires at oil facilities in Saudi Arabia.

Crude oil prices shot up after Israel and the United States initiated a war with Iran, and they have fluctuated considerably during the more than six months since then. The fighting has halted most shipping through the Strait of Hormuz, a narrow waterway through which a fifth of the world’s oil supply passed before the war began.

Brent traded between about $70 to $100 a barrel for much of March, April and May. In July, prices swung between $72 and $102, reflecting rising and falling hopes that the U.S. and Iran would agree on a plan that would allow stranded tankers to move oil safely out of the Persian Gulf.

“In our view, reaching a durable deal before the U.S. midterm elections is increasingly unlikely, and it could remain elusive even beyond that,” Bank of America analysts said in a Tuesday research note.

The analysts increased their oil price forecast for the second half of the year to $83 a barrel “in light of more persistent disruptions to Hormuz,” but said they still expected shipping through the strait to gradually pick up. If attacks keep a chokehold on traffic, prices could reach $95 to $120 a barrel, while damage to major energy infrastructure could produce spikes of up to $150 a barrel, the analysts wrote.

Negotiations over a preliminary deal between the U.S. and Iran to end the conflict broke down over control of the Strait of Hormuz. Iran insists it has the right to set the terms and charge fees for ships traveling through the waterway off its coast. The U.S. wants passage to remain free and has used a Navy blockade to block Iran’s ports and oil tankers.

Recent stepped-up attacks by Yemen’s Houthis could constrain global oil supplies even more because they targeted an alternative shipping route that Saudi Arabia has relied on to transport oil during the war.

Higher energy costs have weighed on consumers, businesses and national economies this year, particularly outside of the U.S. Refinery outages in Russia, reduced refining activity elsewhere and sharply declining inventories have pushed diesel and gasoline prices sharply higher globally, Bank of America said this week.

Yet rising prices may have an outsized impact on the upcoming U.S. midterm elections, now just 8 weeks away.

___

AP Business Writer Rio Yamat contributed from Las Vegas.

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Good morning. On Fortune’s radar today:

  • U.S. emergency oil supplies are dwindling toward panic levels.
  • Markets: Global selloff continues.
  • The end of “tokenmaxxing” is the biggest risk to AI, Wells Fargo says. 
  • AI is driving GDP growth and the stock market, KKR warns.
  • Drone boat rescues chopper pilots in Iran war.
  • Chart: What OpenAI and Anthropic’s revenues look like over time.
  • CEO sets thirst-trap for journalists with $200,000 job offers.

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Good morning. On Fortune’s radar today:

  • The bull and bear cases for the SpaceX IPO.
  • The Fortune Crypto 100: The best companies ranked.
  • “Dunesday” clash looms in Hollywood.
  • Trump rages against Iran and the media.
  • AI spending projected at $14 trillion.
  • High school yearbook Nostradamus predicted Knicks victory way back in 2020.

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Good morning. On Fortune’s radar today:

  • SpaceX IPO will reveal which “shareholders” got scammed.
  • It might be cheaper to have your AI data center in orbit.
  • Trump says he has ended the war. Iran isn’t so sure.
  • Markets: Yay!
  • Statistically, Mondays are the worst day of the week for stocks.
  • Has the president cursed the New York Knicks?

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Good morning. On Fortune’s radar today:

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Good morning. On Fortune’s radar today:

  • OpenAI’s financials have leaked. We have the details.
  • In Smalltown USA, new AI data centers pit neighbor against neighbor.
  • The new Fortune Southeast Asia 500 is here.
  • Markets: Global rally.
  • U.S.-Iran peace deal may include $300 billion for Tehran.
  • The jet fuel crisis never existed, sources say.

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Good morning. On Fortune’s radar today:

  • Did Iran win the war? Some people think so.
  • Markets: It’s a mixed bag, tbh.
  • Regime change at the Fed—what to watch for.
  • Global military spending is on the rise.
  • AI is changing what students choose to major in.
  • Gen-Z’s addiction to “slop bowls.” 

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Good morning. On Fortune’s radar today:

  • We’ve now got the full text of the U.S.-Iran peace deal.
  • Allies are glad the war is over but appalled at the gains it hands to Iran.
  • Markets threw a fit over Kevin Warsh’s first appearance as Fed chief.
  • Europe’s Most Innovative Companies: See the definitive list here.
  • Elon Musk may have accidentally chosen the future prime minister of Britain.
  • Delinquent U.S. credit card debt is “back in line with the Global Financial Crisis peak,” Goldman Sachs warns.
  • There’s a specific financial reason why Hollywood is full of British people.
  • [Fortune 500 Digest will take a day off on Friday and resume on Monday.]

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The United States’ national debt crossed $40 trillion last month. Five months earlier, in March, the more consequential figure—debt held by the public as a share of Gross Domestic Product—had already hit 100% for the first time since just after World War II.

That threshold arrived at the tail end of an extraordinary run: every president who has occupied the Oval Office since 2001, save Joe Biden, was born a baby boomer, and boomers held a majority of Senate seats as recently as the 118th Congress. The Committee for a Responsible Federal Budget, the nonpartisan think tank that serves as a fierce budget hawk, issued a blog post retroactively looking at how we got here over the past quarter-century. What’s left unsaid is who was in power over that period, and the answer is overwhelmingly: boomers.

A quarter-century, mapped to a generation

In 2001, debt held by the public stood at 32% of GDP and was falling; and the federal government was running annual surpluses of 1% to 2% of GDP. Today, that debt has more than tripled to 100% of GDP, with deficits running around 6% annually.

The CRFB analysis, an update of its own 2024 report “From Riches to Rags”, that 25-year deterioration traces to three roughly equal forces: major tax cuts (37% of GDP), spending increases (33%), and recession responses like the 2008 financial crisis and COVID-19 relief (28%). Strip out any one of the three, CRFB found, and debt would sit close to where it stood in 2001. Strip out all three, and the national debt would be paid off today.

Every one of the major laws behind that math was signed by a boomer president. George W. Bush (born 1946) signed the 2001 and 2003 tax cuts and created Medicare Part D. Barack Obama (born 1961) extended the Bush tax cuts in 2010 and 2013. Donald Trump (born 1946) signed the 2017 Tax Cuts and Jobs Act and, in 2025, the One Big Beautiful Bill Act, which the Congressional Budget Office projects will add $4.7 trillion to the debt through 2035—and even more if its temporary provisions are made permanent, per earlier CRFB estimates. Biden, technically of the Silent Generation but politically continuous with the boomer era, presided over COVID-19 relief spending that, along with the 2007-2009 financial crisis response, added more than $6 trillion to the debt.

The Spending Skews Old

Beyond the legislative signatures, the money itself flows disproportionately toward the old. The Penn Wharton Budget Model calculates that the federal government spends roughly 10x more per capita on Americans over 65 than on those under 26; in aggregate, retirees receive 38.6% of all federal outlays—61.9% of spending that can be assigned to a specific age group—versus 10.3% for the youngest adults. The Manhattan Institute puts a sharper point on the same imbalance: in 2022, Americans 65 and older made up 17% of the population but received 66% of entitlement spending, while contributing just 11% of direct tax revenue.

A median-wage worker retiring in 2027 will collect roughly $730,000 in lifetime Social Security benefits against less than $200,000 in career contributions—a 265% return once the employer-paid half of payroll taxes is excluded. The Congressional Budget Office projects Social Security, health care programs, and net interest costs together will drive 81% of the growth in total federal spending between 2023 and 2033.

Not a single vote, but decades of them

None of this stems from one ballot measure. It stems from what political scientists and think tanks across the ideological spectrum describe as a durable, self-reinforcing coalition: an electorate skewing older and more reliably at the polls, represented by lawmakers drawn overwhelmingly from their own ranks, repeatedly choosing to cut taxes, expand benefits, or decline to touch either.

Yale professor Samuel Moyn calls it an “oldigarchy” and dedicated a recent book to attacking America’s “gerontocracy.” Moyn told Fortune in July that even he’s been stunned by the denial and anger he’s received from pointing this out: “I had not known that LinkedIn was really a site where there were a lot of just like, senior citizens, you know, spewing out hatred,” he said. “It’s been extraordinary.”

Voters 65 and older make up about 18% of the electorate but cast 25% of votes, according to polling data from earlier this year, and Medicare protection now draws support above 89% among seniors of both parties. That asymmetry helps explain why entitlement reform has remained, in Washington’s own cliché, the third rail of American politics — a program’s beneficiaries vote in outsized numbers, and the politicians who depend on their support are disproportionately their peers.

The Peter G. Peterson Foundation, which has tracked the debt’s rise across multiple thresholds this year, frames the mechanism in blunter terms. “We’re basically taking $2 trillion from our future,” Foundation CEO Michael Peterson said as the debt passed $40 trillion, warning that the Social Security trust fund will be exhausted within six years, triggering automatic benefit cuts of 22% for future retirees if Congress does not act. Unlike some generational critics, Peterson stops short of assigning blame to a single age cohort’s voting behavior, framing the debt instead as a bipartisan failure of political will.

As far back as 2019, the American Enterprise Institute hosted a discussion of Joseph Sternberg’s book The Theft of a Decade, which argued the “policy choices of baby boomers” had “mortgaged their children’s future to pay for their own economic comforts”—a thesis published half a decade before the current debt crossing, suggesting the generational framing predates and will likely outlast this particular fiscal milestone.

What the data doesn’t fully support

The clean, singular version of this story—that boomers as a bloc voted to load the debt onto their descendants—oversimplifies a more tangled political history. Much of Social Security and Medicare’s basic architecture predates boomer political power altogether; Lyndon Johnson signed Medicare into law in 1965, when the oldest boomers were 19. Boomer officeholders split closely by party on tax and spending questions, and CRFB’s own accounting shows entitlement growth explains a comparable, not dominant, share of the debt alongside tax cuts and discretionary spending, including two recession responses — the 2008 financial crisis and the COVID-19 pandemic—that were not boomer policy choices in any partisan sense but emergency reactions with broad public and elite support.

What the record supports more precisely is a story of governance, not a single act of self-dealing: a generation that has occupied the presidency in seven of the last nine elections, held Senate majorities into 2025, and consistently faced reelection incentives to protect the benefits it was owed and defer the bill—a governing pattern less like a single vote and more like a 25-year lease renewed again and again, with the last payment due from someone else.

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.

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British Prime Minister Andy Burnham defended his government’s decision to ban trade with Israeli settlements in the occupied West Bank on Wednesday, saying that Britain was being true to its roots by taking a stand for justice.

“Britain has to stand for fairness against injustice where people are being bullied out of their homes,” Burnham told Parliament. “We will always stand with the underdog and take what action we can to support them.”

The U.K. announced the ban on Tuesday, and Israel responded by closing the British consulate in east Jerusalem and banning 11 lawmakers from the country.

The U.K.’s tougher stance was followed by France and Canada’s leaders saying they would take similar action to prevent expanding settlements and growing violence from making it impossible to establish a future Palestinian state.

Foreign Secretary Ed Miliband said “settler terrorists” were carrying out “ethnic cleansing” of Palestinians in the U.K. government’s biggest pushback to Israel since it recognized Palestinian statehood a year ago. He said there had been “houses bulldozed, roads and public infrastructure destroyed, families displaced from their homes.”

Israeli Foreign Minister Gideon Saar condemned the “despicable” move and said Israel would expel U.K. representatives from a joint military center monitoring the Gaza ceasefire and end U.K. training of the Palestinian Authority’s security forces in the West Bank. In addition, Israel barred entry to a dozen British lawmakers and other U.K. citizens whom Saar said were “involved in antisemitic and anti-Israel activity.”

Miliband, who is Jewish, said he was disappointed with Israel’s response and rejected criticism from the U.K.’s chief rabbi, saying it would not lead to more antisemitism in the U.K.

Ephraim Mirvis, the chief rabbi in the U.K., accused the government of “gesture politics” that would bolster “the very extremism they seek to target.”

“We all need to do more to tackle antisemitism, but I believe we can do that and stand up for British values,” Miliband said.

The ban covers imports of all goods from the settlements and bars companies from providing services for the settlements, including financing, construction, infrastructure, real estate and advertising. It will take effect in up to nine months.

Denmark, Finland, Iceland, Poland, Portugal and Sweden have pledged to “support further action,” Miliband said. The Netherlands, Ireland, Belgium, Spain and Norway have either banned goods from settlements or are in the process of doing so, he said.

Miliband also tightened Britain’s embargo on weapons sales to Israel for use in Gaza to include arms “that materially contribute to the occupation” of Palestinian territories.

Conservative lawmaker Bernard Jenkin said he was concerned that the government’s decision could affect counterterror cooperation with Israel to keep Britons safe.

“We are now embarked, it seems, on a full diplomatic dispute with Israel and tit-for-tat expulsions of diplomats,” Jenkin said.

The economic impact of the ban is likely to be limited, since the settlements produce only a small amount of largely agricultural exports. But the move is a symbolic expression of displeasure with Israel by some of its closest allies, and it offers a new sign of the Israeli government’s growing isolation as a result of the Gaza war.

Under Israeli Prime Minister Benjamin Netanyahu ‘s ultranationalist government, settlement construction in the West Bank — seized by Israel in the 1967 Mideast war — has surged. Netanyahu’s government views the West Bank as the biblical and historical homeland of the Jewish people and is opposed to the creation of a Palestinian state.

The international community overwhelmingly considers such construction to be illegal. Britain and other countries have voiced particular concern about the E1 settlement project approved by Israel, which would effectively cut the territory in two.

There have been marked increases in attacks by settlers on Palestinians, evictions from Palestinian towns, Israeli military operations and checkpoints that choke freedom of movement, as well as several Palestinian attacks on Israelis.

Britain’s action was applauded by former Ireland President Mary Robinson and ex-New Zealand Prime Minister Helen Clark, both former U.N. officials. The two said the EU should follow suit.

“A coordinated international defense of the two-state solution is needed now more than ever,” they said. “Palestine must not be erased.”

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A New York State lawmaker wants real estate agents to disclose when they use artificial intelligence to edit listing photos. Assembly Member Linda Rosenthal introduced new legislation in July that aims to crack down on an increasingly common practice of using digitally staged photos when marketing an apartment or home online. Although this is nothing new in real estate, AI makes the staging more advanced, allowing even the most computer-literate New Yorkers to be tricked by the enhanced images. When potential renters show up for a tour, they feel like they’ve been “catfished,” as Curbed put it.

Not sure how this is even legal
byu/HAVEHEART000 inNYCapartments

The bill introduced by Rosenthal, who represents parts of the Upper West Side and Hell’s Kitchen, amends the real property law to require the “disclosure of digitally altered images in an ad or other promotional material for the sale or lease” of the property. The bill also would require the listings to include the unaltered version of the image.

When elements are added, removed, or changed, like furniture, walls, and flooring, the listing should have a statement of disclosure. The text of the legislation notes that typical photo editing, like brightness, color correction, and cropping, is not considered digitally altered according to the bill.

“Online real estate platforms have increasingly turned to artificial intelligence tools and other photo editing software to alter the appearance of houses, apartments, and other properties listed for sale. The modifications can be as minimal as changing the colors of the walls or the home’s furnishings to more extreme changes like replacing the lawn or adding landscaping that does not exist,” Rosenthal wrote in her legislative justification, as reported by The Post-Journal.

“While the tools can enhance the curb appeal of a home and drive more potential buyers to view the space, the changes may also give viewers a false impression.”

California and Wisconsin have passed laws requiring agents to disclose when AI is used to change listings, as the New York Times reported. New Jersey lawmakers are also considering taking similar measures.

Rosenthal’s bill will likely be discussed when the legislature convenes in January.

In July, Mayor Zohran Mamdani released a report of recommendations based on feedback from tenants during the city’s “rental rip-off” hearings. One of the suggestions outlined included requiring disclosure for AI-altered listing images.

The city’s Department of Consumer and Worker Protection plans to introduce a rule that requires any “rental listings containing digitally altered photos include a clear and conspicuous disclosure to consumers that the photos have been modified by AI or were digitally altered.”

According to the city, when the rule is finalized and goes into effect, DCWP will “work with StreetEasy, Zillow, and other listing companies – as DCWP has done in FARE Act implementation and enforcement – to ensure that enforcement is effective.”

As CityRealty reported, the real property law in New York prohibits dishonest or misleading advertising. If you feel you have been tricked by an AI-enhanced listing, you can file a complaint with the NYS Department of State Division of Licensing Services’ Complaint Review Office.

RELATED:

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The Orthodox Jewish Chamber of Commerce is inviting business owners, professionals and community members to join its WhatsApp group and email list to stay directly connected to opportunities, events, government programs, networking, advocacy and Chamber activities.

Business moves quickly, and many opportunities are most valuable when you hear about them early.

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Republicans appeared to have a firm grip on the Senate heading into the final two years of President Donald Trump’s term. But with less than two months until Election Day, control of the chamber is now up for grabs.

Democrats have found themselves competing in states that once seemed beyond their reach as Trump’s slipping approval ratings and voters’ dissatisfaction with the economy create a difficult political environment for Republicans. But races Democrats once counted on winning have also become more complicated.

It’s a battle that’s expected to exceed $3.4 billion in spending across all races during the midterm campaign. The implications are huge for Trump’s agenda and his ability to fill administration jobs and open court seats for the remainder of his term, as the Senate is empowered to confirm or block presidential nominees.

Republicans say it’s unlikely for everything to break in Democrats’ favor, but they acknowledge they’re facing a difficult landscape. Senate Majority Leader John Thune told South Dakota’s KELOLAND News last week that he does “worry” about losing the chamber.

“I’m a realist,” Thune said. “I don’t ever try and sugarcoat things. I think it’s a competitive environment right now.”

Democrats face a scrambled path to the majority

Democrats need to net four seats to win the majority. The original path had been to hold Michigan, Georgia and New Hampshire while winning back Republican-held seats in Alaska, Maine, North Carolina and Ohio. But things have changed.

“We now have multiple paths for the majority,” Senate Democratic Leader Chuck Schumer said last month. “We found new states — Iowa, Texas — which people a year ago weren’t even paying attention to.”

Some of the states where Democrats were feeling most optimistic at the start of the election cycle, such as Michigan and Maine, have grown murkier.

In Michigan, where there’s an open seat this fall, no GOP candidate has won a Senate race since 1994. But Democrats are struggling to unite behind nominee Abdul El-Sayed. The favorite of progressives narrowly defeated moderate U.S. Rep. Haley Stevens in the August primary, and feelings remain raw from a bruising contest that saw nearly $70 million spent against El-Sayed.

Republicans believe Mike Rogers, who lost the 2024 Senate race by fewer than 20,000 votes, has an improved shot against El-Sayed. The Senate Leadership Fund — Senate Republicans’ spending PAC — added $6 million to its Michigan advertising investment after El-Sayed won, bringing their total spending to $51 million, the third-highest total.

Democrats also saw a prime opportunity to finally defeat five-term Republican Sen. Susan Collins in Maine, where Democratic Vice President Kamala Harris won more votes than Trump in 2024.

Progressive Graham Platner easily won the nomination in June, but he left the race the next month over a sexual assault allegation that he denies. Democratic delegates in late July chose Troy Jackson, a lesser-known former state legislative leader, to replace him.

Jackson has been forced to play catch-up. Collins and aligned super PACs have spent almost $80 million so far, according to the ad-tracking firm AdImpact, while Jackson and Democratic-aligned groups have spent and reserved close to $45 million since he became the nominee.

As one path narrowed for Democrats, others widened

Democrats increasingly see a real possibility in Texas, a state that has been an elusive goal for decades, and other GOP-led states including Iowa, Alaska and Ohio.

In Texas, Democrat James Talarico faces state Attorney General Ken Paxton, who ousted four-term incumbent Republican Sen. John Cornyn to win the GOP nomination. Senate GOP leadership backed Cornyn, seeing him as the stronger general election candidate.

Paxton has been shadowed for decades by legal and ethical questions, including indictments for securities fraud, though he was not convicted.

Talarico and allied groups have spent nearly $30 million on advertising since the May runoff, compared to less than $3 million by pro-Paxton groups. The political fund associated with Trump last week spent $10 million on TV and digital ads to help Paxton — the first major general election investment by MAGA Inc. for the midterms. Senate GOP leaders had petitioned Trump’s political team to spend some of the more than $400 million it had last month to help Paxton.

Democrats have also upped their spending in Alaska, Iowa, Ohio and North Carolina, all states currently held by Republicans. The GOP, meanwhile, is feeling more optimistic about New Hampshire as well as Michigan, while spending more to defend seats in Iowa and Alaska.

The expanded map has upped the anticipated total spending this cycle. AdImpact in June projected $3.4 billion in advertising spending on Senate races, a significant increase from the $2.8 billion the ad spending firm projected in the fall of 2025.

Why more states are in play than expected

Democrats’ path has widened in part because of Trump’s slumping job approval, notably on handling the economy, which was at 32% according to an AP-NORC poll in July — down from 40% in March 2025, shortly after he took office.

Trump’s trade policies and the war in Iran, with its corresponding inflated fuel costs, have added to the economic uncertainty for voters less than two months before Election Day.

“Things still cost too much. And so we’ve got to work on that issue,” Republican Rep. Jim Jordan of Ohio told The Associated Press. “We understand that and we know that’s real.”

Ohio Sen. Jon Husted heard the concern firsthand at a roundtable last month. Husted is looking to fend off a comeback from former Sen. Sherrod Brown in another key matchup for both parties.

During the discussion on housing, one attendee told Husted that costs were “skyrocketing” in part because of uncertainty around tariffs.

“Uncertainty is the killer to this economy,” said Dean Windham, a real estate developer who previously ran for office as a Republican.

Some Republican Senate candidates have defended Trump’s policies while confronting concerns about their economic impact.

In Michigan, where Trump’s tariffs on Canada have become a central issue, Rogers has backed the president’s approach while leaving room for disagreement.

“President Trump is right to put America First — and tariffs are necessary, but are not a one-size-fits-all solution,” Rogers said in a recent statement.

Republicans believe the math still favors them

Even if Democrats hold every seat they currently control, they would need to flip at least two seats in states Trump carried by double digits in 2024 to win the majority.

Republicans are betting that those underlying advantages will matter more as Election Day approaches — particularly as Trump and the party turn their attention toward mobilizing voters who helped return him to the White House.

Trump told reporters last week that he will “be making a lot of stops” in the last 30 days before the election.

This week, Republicans will hold a midterm convention in Texas, where Trump is set to speak and top Senate candidates including Rogers and Husted are expected to attend.

But Republicans acknowledge they have work to do.

“Politics is local,” Republican Sen. Mike Rounds of South Dakota said. He pointed to Trump’s decision to import beef, which he said made farmers and ranchers “feel just like the administration pulled the rug right off from underneath” them.

“They’re hurt,” Rounds said. “They feel like they’ve been let down.”

___

This story has been corrected to reflect that the GOP midterm convention is this week, not next week.

___

Beaumont reported from Des Moines, Iowa.

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  • Iran bombs 85 U.S.-allied sites in the Middle East.
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  • Federal judge pours scorn on Elon Musk settlement.
  • Iran and the U.S. enter second day of renewed missile strikes.
  • Markets: Climbing the wall of worry.
  • Investors balk at Amazon’s ‘surprise’ new debt.
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  • Wall Street is worried that Trump has no way out of the Gulf. 
  • Markets: No news is good news.
  • 😬 Wars are good for stocks, top analyst says. 
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  • Oil goes up as the clock ticks down to the midterms. 
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  • Markets: Mixed and fearful as the war in Iran heats up again.
  • Trump wants a toll booth in the middle of the Strait of Hormuz.
  • Gulf countries deploy workarounds to avoid the Strait.
  • Having a good war: Chinese renewable tech companies.
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  • Markets: Up, mostly.
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  • U.S. missile stockpiles are dwindling.
  • No one knows what the endgame is.
  • China’s export trade shrugs off U.S. tariffs.
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  • Elon Musk is no longer a trillionaire…
  • … and he’s facing a criminal “bribery” probe in Wisconsin.
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  • Markets: Big global selloff as traders bail out of tech stocks.
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Apple is adding a long-awaited device to its product lineup.

The tech giant announced the iPhone Duo during its annual fall keynote on Wednesday, marking the company’s foray into the foldable phone space.

The iPhone Duo starts at $1,999 and will be available with storage options from 256 GB to 2 TB.

The launch is Apple’s attempt to rival previous Android releases of foldables, including the Samsung Galaxy Z Fold and Google Pixel Fold, released in 2019 and 2023 respectively.

APPLE UNVEILS LOWER COST IPHONE 17E, RAISES PRICES ON MACBOOKS

Apple also announced the release of the iPhone 18 Pro and 18 Pro Max phones on Wednesday, as well as a revamped version of Siri called Siri AI. Siri AI acts as a personal chatbot for users. The iPhone 18 Pro starts at $1,199 and the iPhone 18 Pro Max starts at $1,299 with lease options through Apple Upgrade.

Apple has recently hiked prices across its overall product lineup. The tech giant said the surge is brought on by ongoing global chip shortages driven by a growing demand for artificial intelligence.

APPLE TO LEASE IPHONES, OTHER PRODUCTS TO USERS THROUGH KLARNA PARTNERSHIP

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Apple’s iPhone division reported $54.25 billion in revenue in the third fiscal quarter, up 22% and outperforming analysts’ expectations of $53.86 billion.

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Senator Bernie Sanders is renewing his push for a shorter workweek. Critics warn the 32-hour workweek proposal could come at a steep cost for American workers.

Club for Growth President David McIntosh argues the plan could cost workers jobs and benefits while making life “more unaffordable for Americans.”

McIntosh joined FOX Business’ Stuart Varney on “Varney & Co.” to discuss Sanders’ renewed push for a 32-hour workweek and the potential impact on American workers.

Sanders’ proposal would lower the federal standard workweek from 40 hours to 32 hours over four years without reducing workers’ pay or benefits, with overtime applying after 32 hours. He has tied the renewed effort to advances in artificial intelligence and argued workers should share in productivity gains.

BERNIE SANDERS UNVEILS PLAN TO TAKE 50% STAKE IN AI COMPANIES FOR GOVERNMENT WEALTH FUND

McIntosh pushed back on the proposal, arguing that while AI could boost productivity and wages, mandating a shorter workweek could have unintended consequences for employees.

“AI will make people more productive, and they’ll get paid more, but Bernie’s idea will hurt the very workers he’s trying to help. A lot of people will lose their job, lose their benefits when they implement something like that,” McIntosh said.

DALLAS MAYOR SOUNDS ALARM ON THE ‘GRAVE THREAT’ FACING AMERICA’S CITIES

He also framed the proposal as part of a broader economic agenda he believes could raise costs, criticizing what he called “far-left radical socialist policies” and warning they risk “making life more unaffordable for Americans.”

In an appearance on “The Sunday Briefing,” Agriculture Secretary Brooke Rollins also discussed the idea of a shorter workweek.

“We believe in the dignity of work. It is a biblical foundation. I can’t imagine a scenario where we’d say, oh, everyone just stay home a couple more days. We’re only gonna work a couple of days. The American dream does not include a four-day work week from my perspective, at least,” Rollins said.

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Good morning. Tokenmaxxing quickly became one of the buzziest metrics in enterprise AI.

Fortune’s Jeremy Kahn reported that tokenmaxxing turned into a status symbol at some big tech companies, where engineers were urged to climb leaderboards by burning more AI tokens. Critics argue that the practice skewed incentives and exposed a broader gap between AI spending and actual productivity gains.

I recently spoke with Dermot McDonogh, the CFO of BNY, which is making major strides with AI. While some companies track success by the volume of prompts, tokens, or agents deployed, McDonogh said that framing never took hold inside BNY.

“It’s not something we spend any time talking about,” he told me, noting that token costs are “modest within modest” relative to the firm’s broader engineering budget. Even as the topic gained traction externally, the bank’s leadership prepared to address it—but ultimately viewed it as a distraction from more meaningful measures of value.

McDonogh said that BNY had an early and deliberate AI strategy. Since the emergence of ChatGPT, the bank has spent several years building an internal, LLM-agnostic platform and forging partnerships across hyperscalers and model providers. Just as important, he said, has been CEO-level commitment and a focus on cultural adoption.

“There’s been a demystification,” McDonogh said. “People don’t feel insecure about AI. That’s a really important cultural point.”

That approach has allowed BNY to scale AI without fixating on cost per query. Internally, systems route tasks to the appropriate models, ensuring efficiency without requiring employees to optimize prompts manually. “I couldn’t tell you how many prompts we did last week,” he said. “I’m focused more on outcomes.”

Those outcomes are increasingly measurable. In the first quarter of 2026, more than 40% of BNY’s code was authored by AI, rising to roughly 50% more recently. AI is also embedded across operations: about half of annual account plans are drafted with AI, 25% of client onboarding is AI-supported, and roughly 70% of restricted-party payment screening is reviewed by AI.

The impact is showing up in financial metrics. Revenue per employee rose from $338,000 in 2022 to $401,000 in 2025, while pre-tax income per employee increased from $99,000 to $143,000 over the same period.

McDonogh frames these gains less as cost savings and more as capacity creation. “We haven’t reduced the footprint, but it’s allowed us to do more with the footprint that we have,” he said.

To track progress, BNY measures AI impact across core workflows—including innovating, prospecting, onboarding, transacting, and streamlining—while continuously building out its internal “Eliza” platform. The system serves as a firm-wide context layer, improving over time as it ingests more data and use cases.

Employee adoption is also structured. Staff progress through three levels of AI proficiency, culminating in a “pioneer” designation that requires formal training and testing. Access to more advanced models is gated by expertise, reinforcing both quality and accountability.

Within finance specifically, AI is already reshaping core processes. McDonogh points to regulatory reporting, balance sheet analytics and predictive modeling as key use cases. The technology is also playing a growing role in earnings preparation, helping synthesize analyst expectations and anticipate investor questions.

For McDonogh, the takeaway is straightforward: AI productivity is not about how much you use, but how effectively it changes what an organization can do.

Sheryl Estrada
sheryl.estrada@fortune.com

New today: The 2026 Fortune Global 500 list is out this morning, ranking the world’s largest corporations by revenue for the 2025 fiscal year. Now in its 37th year, the companies, in total, represent about two-thirds of the world’s GDP, with $43.1 trillion (up 3%) in revenues, $3.4 trillion (up 14%) in profits, and 70.2 million employees. The top 50 companies alone account for a third of total revenue and 39% of profits. Fortune subscribers get exclusive access to the list.

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A major American aid group is promising to deliver more medicines in high-need areas around the world after receiving its largest ever donation.

Americares, a nonprofit that supports thousands of health centers globally, announced a $50 million gift Wednesday from an unidentified Connecticut family. The contribution represents an unusual expansion at a time when the United States’ sudden aid cuts have hamstrung programs ranging from maternal and child health to HIV treatment and prevention.

“They definitely understood the moment and wanted to do more to respond to that,” Christine Squires, the president and CEO of Americares, said of the donor.

Individual philanthropists and charitable foundations have sought to plug some funding holes in the 18 months since President Donald Trump upended the U.S. Agency for International Development. A British billionaire funded nutritional peanut paste. Former USAID employees raised more than $125 million to buoy dozens of critical aid programs. The Gates Foundation narrowed its priorities.

Global health of all USAID’s targets has received much of the attention from big donors, according to Susan Appe, a University at Albany professor of public administration and policy who has researched how nonprofits deal with the changing whims of donor countries. That’s reasonable, she said, considering “lives are on the line.” Jeff Bezos’ parents, for example, committed up to $500 million last March for UNICEF’s Child Nutrition Fund.

Experts agree that high-net-worth donors could never save every program lost by the billions of dollars cut from U.S. spending on global health. But there was an expectation that more philanthropists would step up to support the causes advanced by USAID.

“I think that a lot of philanthropy scholars like myself have been a bit disappointed with the lag of response,” Appe said. “It’s kind of, to some degree, business as usual.”

Americares, which Squires said had received about 10% of its funding from the U.S. government before the aid cuts, certainly felt the impact. Among their efforts that lost support last year was a maternal care project in Tanzania. Colombian medical clinics serving Venezuelan migrants closed after private funders kept them afloat for several months. A planned five-year collaboration to build a more robust medical supply chain across Gaza had to be scrapped.

Squires considers the group fortunate to have a robust-enough network that it now receives all of its funding from a mix of individual donors, corporations and private foundations. That’s important as the group responds to more than 20 emergencies including the Nepal floods and the Congo’s Ebola outbreak.

In this particular case, Squires said the donor’s family has been involved with Americares for 30 years. They’re “very savvy” in their understanding of global health, she said.

Half of the new gift will power its goal to help 100 million people access quality healthcare by 2030 “in a time when that need is increasing,” according to Squires. That work involves providing additional medical supplies to their network of more than 4,000 health centers. They will focus especially on countries in sub-Saharan Africa, the Middle East, North Africa, Asia and Latin America that lack funding and awareness. Americares also plans to increase support for U.S. health centers in states where they expect to see more residents without health insurance.

The other half will go toward Americares’ endowment, Squires said. She hopes the news of its record donation will inspire others. Investments of that size show “there are people who trust,” she said, in both Americares and the humanitarian sector overall.

“It’s not only up to individuals,” she said. “However, individuals who have the means, who have the passion and can invest like this, will help to bring others along. So, I’m excited and hopeful that this will spark more giving across the board.”

___

The story has been updated to correct that Appe is a professor, not an associate professor.

___

Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.

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Rep. Frank Pallone sent oversight letters to six arbiters requesting information on how they decide awards, how they’re paid and more. His office is also in talks with other arbiters, but they’ve been more responsive, a staffer said.

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California Assemblymember Blanca Rubio (D-Baldwin Park), Chair of the California Moderate Democratic Caucus, meets with Marc Selvitelli, CEO Commercial Real Estate Development Association, and Becky Rios, Edgewood Realty, during the California Commercial Real Estate Summit organized by CREDA California and CBPA.

Last month, Commercial Real Estate Development Association (CREDA) President and CEO Marc Selvitelli came to Sacramento to work directly with California Business Properties Association (CBPA) members and the CREDA California Council in our state advocacy work.  CBPA serves as the voice for all aspects of the commercial retail, industrial and real estate industry in California, with over 10,000 members. The CREDA California Council (formerly NAIOP of California) is the umbrella organization for all six California chapters that have been working together on statewide issues since 1987.  

Having CREDA’s CEO in California working with us mattered, as his presence highlighted the value of various sectors of the industry working together to benefit commercial real estate on the advocacy front, especially in progressive California.  

While the new CREDA name shows growth and direction for the organization, the work our organizations do together is as important as ever. The last two weeks of this year’s California legislative session are a good illustration of the very need for the industry to maintain a broad presence in the legislative arena. Two bills targeting our industry arose very late in the session in response to a recent cold storage facility fire in Los Angeles.  

Development of cold storage facilities is a growing sector among CREDA members, and this critical sector supports  everything from food distribution to medical supplies.  

The reaction to the fire was swift, allowing almost no time for the usual legislative process or stakeholder discussion, and CREDA California and the regional chapters immediately had to jump into action. We did not want this one tragic incident to define a segment of our industry, or to be used to advance a broader agenda of placing new constraints on warehouses and logistics centers. All six California chapters understood why it was important to stand together and make sure that the policy response truly fits the actual problem.  CREDA chapters and their members were an integral part in helping CBPA respond. 

It was a tough political environment. The fire had impacted an economically disadvantaged community, environmental justice concerns were driving the debate, and warehouses are not a favored constituency among many in the California legislature. But for one of the two bills that were of greatest concern, our real estate coalition, with CREDA members playing an important part, had an immediate impact.  

Assemblymember Mark Gonzalez is the chief sponsor of AB 817, a bill that would have imposed additional costs on cold storage facilities before they would be granted a building permit and which would effectively have slowed down the development of needed facilities. Almost immediately, he asked us to work with him to get the policy right. That made a real difference. Our coalition was able to recommend changes to clarify and separate owner and tenant responsibilities, add a surety bond option, and narrow the bill considerably for 2027. With those immediate issues resolved, we were able to move the industry’s position to “neutral,” with an agreement to keep working with him next year before the broader cold-storage policy goes statewide. 

The second bill, SB 716, sponsored by Senator Maria Elena Durazo, went well beyond cold storage and put a broad range of commercial building types at risk of severe penalties for ordinance violations that had little or nothing to do with the incident that prompted the bill. Our coalition went to work, and defeated the bill in committee four days before the end of the session, only to see it revived at the last minute by California’s legislative leaders, who waived legislative rules and bypassed the committee of jurisdiction. 

The bill sweeps up a broad range of nonresidential buildings as small as 20,000 square feet and creates an escalating fine structure for health-and-safety ordinance violations. Under certain circumstances, penalties can increase tenfold to as much as $50,000 per violation, with repeat violations tracked over a five-year period. It is not narrowly focused on cold storage, and its underlying penalty structure applies statewide. 

While we did not win that final vote on SB 716, our coalition had made an impact. We narrowed both bills and got an extra year to work on the statewide application of the cold storage policy. In progressive California, 17 Democrats and all 19 Republicans in the State Assembly declined to support SB 716, aligning with our position. That bipartisan opposition is meaningful as we pursue a veto with the governor’s office. 

Nearly 40 years after the California chapters first came together at the statewide policy table, this fight is another good example of how working together can advance commercial real estate throughout our state.

California Assemblymember Blanca Rubio (D-Baldwin Park), Chair of the California Moderate Democratic Caucus, meets with Marc Selvitelli, CEO Commercial Real Estate Development Association, and Becky Rios, Edgewood Realty, during the California Commercial Real Estate Summit organized by CREDA California and CBPA.
California Assemblymember Blanca Rubio (D-Baldwin Park), Chair of the California Moderate Democratic Caucus, meets with Marc Selvitelli, CEO Commercial Real Estate Development Association, and Becky Rios, Edgewood Realty, during the California Commercial Real Estate Summit organized by CREDA California and CBPA.

The post CREDA California and CBPA: Making a Difference in Sacramento  appeared first on Market Share.

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U.S. Attorney for the District of Columbia Jeanine Pirro announced new sanctions Wednesday against Xinbi Guarantee, an online platform she described as “an illicit scamming marketplace” used by Chinese cybercriminals.

According to officials, Xinbi helped facilitate scams targeting Americans by laundering money that victims sent to anonymous individuals online, many of whom were promoting fraudulent cryptocurrency investment opportunities.

Tara McLeese, a special agent with the Secret Service, told reporters that one Virginia resident reported losing $800,000 in a scheme like this.

“Our team was able to follow the funds as they were laundered through the Xinbi Guarantee Network,” McLeese said.

ALLEGED CRYPTO SCAM RINGLEADER SET FOR PLEA HEARING IN $240M BITCOIN THEFT

Pirro said her Scam Center Strike Force restrained $52 million in cryptocurrency that was being used in digital wallets across the Xinbi network. 

The Treasury Department designated Xinbi a transnational criminal organization, accusing it of being tied to North Korean hackers and other criminal syndicates.

The designation effectively cuts Xinbi off from the U.S. financial system by prohibiting Americans from doing business with the organization and requiring any blocked assets to be reported to the Treasury’s Office of Foreign Assets Control (OFAC).

Pirro said Xinbi operated as a primarily Chinese-language marketplace on Telegram where scammers could purchase fake investment websites and money laundering services. 

Pirro said there was also evidence of Xinbi recruiting trafficking victims to work at scam compounds operating primarily in Southeast Asia.

FBI SEIZES RECORD-SETTING $8 BILLION IN CRYPTOCURRENCY AMID INTERCONTINENTAL ‘SCAM COMPOUND’ CRACKDOWN

“It’s where vendors market their services to scam us,” Pirro said. “Once the scammer purchases a service from the vendor, Xinbi holds the money for the vendor until the vendor’s services are complete.”

“It is a double protection to make sure that Americans are scammed properly and unwittingly,” Pirro added. “Xinbi sells tools of industrial fraud, including custom-built fake investment websites designed to look like real brokerages.”

The U.S. government seized Telegram channels used by Xinbi, cutting off their ability to operate for a time, prosecutors said. This came after a federal court in Washington, D.C., authorized the action on Monday.

In response to a reporter’s question about whether Xinbi could relocate to another platform, Pirro acknowledged it would be “very easy” for the group to establish a new operation.

MINNESOTA BANS CRYPTO ATMS AFTER SCAM SURGE

“Old crimes are being committed in new ways,” Pirro said. “They’ve got this figured out, and it took us a while to understand where it was coming from, who was doing it, how they were doing it. And now that we understand that we will keep pace, and we will beat them.”

Officials at the press conference repeatedly said Americans should be wary of any investment schemes being freely offered by people they don’t know on social media.

“If you know someone that thinks they’ve got an opportunity that’s too good to be true, or that they’ve been contacted by someone who’s got the in on cryptocurrency,” Pirro said.

She continued: “You’ve got to tell them to stop. Whether it started on a mistaken phone call or WhatsApp or any of the other social media websites. A text, a wrong number. Do not send a dollar. Do not send a penny.”

Separately, Pirro announced that her team, as well as the FBI, recently traveled to Madagascar and assisted local authorities in shutting down 13 scam centers allegedly being run by Chinese organized crime groups.

Pirro said 500 people were arrested, adding that 30 Chinese leaders of the scam compounds were repatriated to China.

Pirro also said President Donald Trump has been briefed on the cryptocurrency scam operations targeting Americans. To date, the U.S. government says it has restrained $938 million linked to such schemes.

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Americans’ satisfaction with the quality of K-12 education in the country has hit a low point, driven by a growing political divide and concerns that schools are not preparing children for college and future jobs.

Just 32% of American adults say they are “completely” or “somewhat” satisfied with the U.S. school system, according to an August poll published Tuesday by Gallup and the Walton Family Foundation and shared exclusively with The Associated Press. That’s an 11-point drop over the past two years and the lowest since Gallup began polling on the subject 27 years ago.

At the same time, dissatisfaction has increased to a high of 67%.

Experts on education and school policy say the findings are deeply concerning but not surprising.

Democrats are driving the recent slide, with their satisfaction dropping about 19 points since President Donald Trump’s second term began in 2025. Independents’ satisfaction appears to be down as well, about 10 points from 2024, while Republicans’ satisfaction has also fallen slightly, about 6 points.

The Trump administration has played a role in eroding public confidence by depicting schools as political battlegrounds, raising concerns about what teachers should be allowed to say in the classroom and moving to abolish diversity programs and dismantle the Education Department, said Jack Schneider, director of the Center for Education Policy at the University of Massachusetts Amherst.

“It’s terrifying. We’re on the precipice of the dissolution of the public education system as we have known it,” Schneider said. Democrats, he said, are also particularly concerned by Trump’s signature school choice program that will use taxpayer-supported scholarships to pay for kids’ private school tuition.

National test scores have fallen since the pandemic

But politics alone does not explain the dissatisfaction. Gallup polling shows public confidence in schools generally has declined since the COVID-19 pandemic closed classrooms, exacerbating academic declines, mental health issues and other problems.

Headlines have consistently told a story of a national drop in test scores, especially in reading, which sends a message that schools have struggled to rebound since COVID lows.

“We’ve had a drumbeat of bad news about test scores and other social trends that could be driving this,” said Sarah Reckhow, a political science professor at Michigan State University who specializes in public policy. “There’s a ton of debate, discussion and noise about technology and AI in education,” she said. And recently, kids’ screentime at school has dominated education headlines locally and nationally.

However, parents have a different view about their own children’s education. About two-thirds of parents with school-age children say they are satisfied with their child’s education, which is also a low point in the trend — parents haven’t had a similarly discontented view since 2013 — but double the 32% satisfaction with U.S. education among adults overall.

That reflects a steady trend of parents feeling more confident about their own schools than the narrative they hear from elected officials and headlines about the national picture.

“When people weigh in about the nation’s schools, what they are commenting on are 98,999 schools that they haven’t set foot in,” Schneider said.

A separate survey, also conducted in August by Gallup and Walton, asked Americans how well they thought schools were preparing kids for the future. Only about 2 in 10 said schools are doing a “good” or “excellent” job teaching critical thinking or preparing students for the current workforce. Schools’ highest marks were for preparing students to adapt to new technologies, with 44% giving schools a high ranking in this area.

Gallup senior education researcher Zach Hrynowski says the findings highlight a frustration with institutions more broadly.

“People have a general negative vibe about everything in the country right now,” Hrynowski said. “People are frustrated, and don’t think any institution is working particularly well.”

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The first Gallup poll was conducted by telephone from Aug. 3-24, 2026, using a sample random sample of U.S. adults ages 18 and older. The margin of sampling error for U.S. adults overall is plus or minus 4.0 percentage points. The margin of sampling error for parents of K-12 students is plus or minus 8.3 percentage points.

The second poll of 2,143 U.S. adults ages 18 and older was conducted Aug. 3-17, 2026, using a sample drawn from Gallup’s probability-based panel, which is designed to be representative of the U.S. population. The margin of sampling error for U.S. adults overall is plus or minus 3.0 percentage points.

The Associated Press receives support from the Walton Family Foundation for coverage of water and climate.

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The Associated Press’ education coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.

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Economists are warning that Canadian Prime Minister Mark Carney’s “dollar-for-dollar” tariff strategy could mean some economic pain for the Great White North, but Canadians are so frustrated with the Trump administration they support the move anyway.

Canada implemented retaliatory tariffs of 15% to 50% that took effect on Tuesday and will impact hundreds of U.S. goods, including paper, steel, aluminum, furniture, as well as cheese and seafood. The levies were in response to a breakdown of trade talks between the countries and the Trump administration’s piling on of tariffs on $20 billion worth of Canadian goods earlier this summer.

But the strategy of imposing steep import taxes on the U.S. could cause a phenomenon similar to what happened to American importers, where Canadians carry the burden of the tariffs. In a report published after Canada announced the tariffs on Aug. 25, Oxford Economics analysts warned that while the retaliatory tariffs may help protect some domestic manufacturers, it will also force Canadian businesses to absorb added business costs and increase consumer prices.

Canada depends on the U.S. buyers for about 70% of its exports, and the U.S. economy is about 13-times larger than Canada’s.

Oxford projected that Canada’s GDP will likely grow by 0.8% in 2026, but tariffs will reduce growth in 2027 by 0.2% to 0.3% relative to its August baseline calculations. It predicted inflation to increase by about 0.3% compared to the August 2027 baseline.

Canada’s retaliatory tariffs will most likely be felt in certain regions of the country, Oxford economists said. For example, Ontario, New Brunswick, and Quebec have the highest concentration of manufacturers impacted by the tariffs and rely the most on U.S. exports. British Columbia meanwhile has the highest percentage of its exports, 6.1%, subject to Section 338 Trump invoked to tax Canadian exports. Alberta, Newfoundland, and Saskatchewan—provinces that produce the most oil—will be less impacted on average. 

“Canada’s new retaliatory tariffs will help some industries but hurt most and weaken economic growth across the country by raising costs for producers and consumers,” economists Tony Stillo and Michael Davenport wrote. “The macroeconomic impacts on Canada will likely be modest, but the regional and sectoral implications will be far more significant.”

What are the stakes for Canada in its trade war with the U.S.?

Even as the economic stakes of Canada’s involvement in the trade war escalates, Canadians have supported Carney, who is one of the few world leaders standing up to Trump, in the hopes that the import taxes on the U.S. will mount economic pressure and protect Canadian industry. 

A Nanos Research survey conducted for CTV News this month found that support for Canada’s retaliatory tariffs on the U.S. are at an all-time high, with 75% of the more than 1,000 respondents supporting the counter levies, and another 10% somewhat supporting the policy. Most even said they were willing to look past inflation the move would cause: 38% of Canadians were willing, and 31% were somewhat willing to pay more for everyday goods as a result of the retaliatory tariffs. That’s despite nearly two-thirds of respondents saying they were worried about the tariffs having personal impacts.

Canadians have seemingly had no problem opposing U.S. import taxes and repeated threats of their home becoming a 51st state by voting with their wallets. Canadian tourists and business leaders alike are snubbing U.S. cities with fewer visits, and Canadian retailers are pulling American products off the shelves, instead stocking domestic alternatives.

The urgency around which everyday Canadians are putting their money points to the potential economic consequences should Trump’s tariff barrage be ignored. Trump’s tariffs risk the loss of 90,000 Canadian jobs, according to Trevor Tombe, a professor of economics at the University of Calgary. These job losses could be a direct result of tariffs, such as in agriculture, textiles, and furniture; but they could also show up indirectly due to the import taxes, like less trade between the U.S. and Canada requiring less freight transportation, and therefore fewer truck drivers.

“The macroeconomic effects of this round may be fairly muted—I reckon a couple of tenths of a percentage point off of GDP growth,” Tombe wrote in a recent article. “But the labour market effects are larger, and they reach well past the provinces the tariffs were aimed at.”

What risks to Canada still remain?

Carney is aware of the risks associated with the retaliatory tariffs, saying in a Tuesday video address that they “will come at a cost” to Canadians. Canada is prepared for some of the economic pressures the counter tariffs will bring, with Carney introducing a $7.5 billion support package that includes aid for workers to access income support, new job transitions, and liquidity support for businesses impacted by the taxes. Still, Oxford economists anticipate the aid will only act as a bandaid on a larger economic scrape and “won’t offset the overall drag from the new bilateral US-Canada tariffs.

Then there’s the practical matter of Canada being able to sustain its efforts to combat Trump’s trade policy. While the popularity of Carney’s trade tactics are popular now, political analysts suggest support for the Canadian government’s tariff payback could wane should the economy take a downturn.

“Carney’s leverage will start to diminish if this escalating trade war starts to show up in palpable increases in unemployment, factory shutdowns and declining income,” Julian Karaguesian, a former adviser at Canada’s Finance ​Ministry and economics professor at McGill University, told Reuters last month. “Canada cannot win an economic war of attrition with the U.S.”

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The CFO job in Big Tech used to be defined largely by margins, operating leverage, and investor discipline. In the age of AI, it is increasingly defined by a more difficult question: how much should a company spend now on compute capacity it may not fully monetize for years to come?

For Susan Li at Meta, Amy Hood at Microsoft, Anat Ashkenazi and Ruth Porat at Alphabet, Hilary Maxson at Oracle, Sarah Friar at OpenAI, and Colette Kress at Nvidia, that question is no longer theoretical. Each is helping steer a company through one of the largest infrastructure buildouts the tech industry has ever seen.

In the AI boom, compute is not just a technology expense—it’s a strategic asset. Access to chips, data centers, power, and long-term cloud capacity can determine how quickly companies develop, deploy, and profit from AI. That shift has elevated the CFO role: these finance chiefs are not simply approving budgets; they are shaping investor narratives, managing balance-sheet risk, and deciding how aggressively to fund the next phase of AI competition.

There is another common thread: many of the CFOs at the center of this AI infrastructure race are women.

Each CFO views that fact differently. Is it a milestone? A coincidence? A sign that women are wielding power in new ways? Or a reminder that, in AI, they’re still not in the CEO seats at the very top? “I don’t think of this as a story about ‘female CFOs.’ I think it’s a story about a generation of leaders helping redefine the CFO role, and many of them happen to be women,” Friar, No. 90 on the 2026 Fortune Most Powerful Women list, told Fortune in an email. “The role today is far more than managing numbers. It’s about building companies through complexity and change—staying curious, adaptable, and kind.”

According to leadership advisory Russell Reynolds Associates’ Global CFO Turnover Index, women accounted for 21% of global incoming CFO appointments last year across the S&P 500, FTSE 100, FTSE 250 and other major global stock indexes, compared with 26% in 2024 and 14% in 2019.

Women are serving as CFOs “at some of the world’s largest and most strategically important technology companies,” Jenna Fisher, co-head of RRA’s Global Financial Officers Practice, tells Fortune. They are cutting against the “glass cliff” phenomenon, when women only get big jobs during times of crisis. Instead, female CFOs “are stepping into their roles during a period of enormous scale, complexity, and expectation,” she says. 

Meanwhile, the pipeline has strengthened. The share of internally appointed women CFOs rose from 46% in 2019 to 53% across the 2020–2025 period, and the share of experienced women CFO hires grew from 36% in 2019 to 43% in 2025. Whether the conditions for these leaders to succeed are in place is a separate question.

Funding the AI future 

In late April, we saw these CFOs’ impact during a blockbuster earnings day for Meta, Microsoft, and Alphabet. 

—At Meta, CFO Susan Li is helping manage one of the most aggressive AI infrastructure buildouts in the industry. The company raised its full-year 2026 capital expenditure guidance to $125 billion to $145 billion, up from $115 billion to $135 billion. Meta told investors the increase reflected higher component costs and additional data center spending needed to support future capacity.

Last year, Meta spent $72.2 billion on capex, up roughly $30 billion from the year before. At the midpoint of its latest guidance, Meta is on track to spend more in 2026 than it did in 2024 and 2025 combined.

Li told analysts that the increase was driven primarily by higher AI infrastructure component pricing and more data center investment to support rising compute demand. For Meta, the spending is not only about keeping pace with rivals. It is about building the internal systems needed to power its own AI products, advertising tools, and future consumer experiences.

—Microsoft CFO Amy Hood is managing a similar tension between demand and supply. Hood said Microsoft expects to invest roughly $190 billion in capital expenditures in calendar year 2026, a 61% increase from the previous year, directed primarily toward GPUs, CPUs, and data center capacity for Azure and AI services. Demand is still exceeding supply, and Hood has said insufficient capacity could become a competitive disadvantage.

—Alphabet CFO Anat Ashkenazi raised Alphabet’s 2026 capital expenditure guidance to $180 billion to $190 billion, up from a prior outlook of $175 billion to $185 billion. The increase includes spending tied to the acquisition of Intersect Power LLC, a major U.S. clean energy and data center infrastructure developer, which closed in March, and continued investment in AI infrastructure, TPUs, and data centers. “We are seeing unprecedented internal and external demand for AI compute resources,” Ashkenazi said. The company expects 2027 capex to increase significantly from 2026. Meanwhile, chief investment officer Ruth Porat has been steering everything from Google Ventures, to real estate, shaping the policy dialogue on AI’s implications for companies and governments around the world—and the U.S.’s global standing.

—At Oracle, Hilary Maxson stepped into the CFO role on April 6 as the company was becoming a more capital-intensive AI infrastructure player. Oracle reported in March that it expects fiscal 2026 revenue of $67 billion and capex of $50 billion, more than double its FY2025 capex of about $21.2 billion. It also raised its fiscal 2027 revenue guidance to $90 billion. As Oracle expands cloud infrastructure to meet AI demand, the CFO job is no longer just about financial stewardship. It is about managing the trade-offs of a capital-intensive bet on the future.

When compute becomes strategy

OpenAI offers a different version of the same story. As a private company, it does not publish formal capex guidance, but the Stargate initiative announced in January 2025 outlined a plan to invest up to $500 billion over roughly four years to build large-scale AI infrastructure in the U.S.—with the initial phase targeting about $100 billion and the broader buildout now accelerating toward a 10-gigawatt capacity goal in the U.S. by 2029. Just over a year later, it has already surpassed that milestone, as demand for AI continues to accelerate. OpenAI’s IPO could come as soon as this summer or as late as 2027, according to reports. The company is already valued at $852 billion and approaching the $1 trillion range.

“At OpenAI, our mission is to make sure AGI benefits all of humanity,” Friar said. “That means building systems that are not just powerful, but useful, broadly accessible, and widely trusted.”

Nvidia CFO Colette Kress sits on the other side of the buildout. Nvidia is not spending like the hyperscalers to construct data centers at the same scale. Instead, it profits from the AI infrastructure boom by supplying the GPUs, networking, systems, and software stack that power those data centers.

In fiscal year 2026, Nvidia reported $6 billion in purchases of property and equipment and intangible assets, a much smaller investment footprint than many of its hyperscaler customers. Those hyperscaler investments, however, are a major driver of Nvidia’s growth.

On Nvidia’s Q4 FY2026 earnings call, Kress said hyperscalers remained the largest customer segment for the company’s data center business, accounting for about 50% of revenue. She also pointed to rising demand from AI startups, enterprises, and sovereign customers, suggesting AI infrastructure spending is broadening beyond traditional cloud giants.

That customer base has helped support Nvidia’s position as a central player in the AI buildout, reflected in its roughly $4.8 trillion market capitalization.

CFO skills

Boards increasingly want CFOs who can be strong storytellers with investors, credible partners to CEOs, and architects of transformation 

“A great AI CFO needs technical fluency, commercial judgment, and operational discipline,” Friar said. “The job is to connect the pace of innovation to capital allocation, pricing, and governance, so the company can scale at extraordinary speed while staying grounded in its mission and responsibilities.”

The CEO gap remains

Even as women have become more visible in some of the most strategically important finance roles in tech, the top CEO roles at major AI companies remain predominantly held by men.

The AI infrastructure race is testing a new version of the CFO role: part capital allocator, part investor storyteller, part transformation leader. For Li, Hood, Ashkenazi, Maxson, Friar, and Kress, the job is not only to fund AI ambition, but to help convince markets that historic levels of spending will translate into durable returns.

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Kenda Scott is joining the permanent cast of Shark Tank this season, putting her alongside famously tough investors like Kevin O’Leary. But throughout her career building her eponymous jewelry brand—and becoming one of the richest self-made women—she was surprised to find that being a successful leader doesn’t actually require being cutthroat.

“You can be kind and strong at the same time. It doesn’t mean you’re weak. Kindness does not mean you’re weak,” Scott said in a recent interview with fellow Shark Tank star Daniel Lubetzky. “I’m a kind and strong leader.”

She first learned this lesson in her 20s, after dropping out of Texas A&M University after one year to care for her ill stepfather. She soon launched her first business, a hat boutique that donated proceeds to cancer research. Scott later joined a friend’s travel magazine in the early 1990s, working in advertising sales for Destination Weddings and Honeymoons Magazine. There, she said, she met a manager whose merciless leadership style would shape her approach to running a company.

“I had a boss at the magazine who was a terribly-horrible boss,” Scott said. “I say often he was the best boss I ever had because it taught me everything I won’t ever be in a boss. I will never treat somebody the way that I was treated by this person, but I’m so thankful.”

That often inspires the message Scott—who has an estimated net worth of $900 million—tells any young Gen Zers who may be struggling in one of their first professional opportunities, like an internship.

“‘This is a gift,’” she recalled telling young professionals. “‘I know it doesn’t feel like it right now, this experience that you’re having, but I say it too. The worst boss was my best boss.’”

Scott turned $500 and a jewelry-making hobby into a global brand worth more than $1 billion

While Scott ran the hat store—and later worked at the magazine—she began making jewelry as a hobby. In 2002, while pregnant with her first son, she took $500 and bought materials to make earrings. She then walked from store to store in Austin, Texas, pitching her designs to local boutiques.

“There were so many times I was afraid I was going to lose everything…I remember negotiating with my landlord on when I could pay rent. I had nothing to back me up,” she told Entrepreneur in 2015. “Failure wasn’t an option.”

In the early years of her eponymous company, Scott sold her car and took out multiple personal loans, funneling the money back into Kendra Scott. When she tried to raise outside capital, she found another obstacle: a lack of investors willing to bet on her.

“In the early days, I would walk into a boardroom asking for money—nobody in there looks like me, it’s a boardroom full of men,” Scott added with Lubetzky. “A lot of women are not getting funded in their businesses. So the first 10 years of my business, no one would give me money. No one.”

The lack of funding forced Scott to build the company on her own terms—and taught her to be unusually disciplined with money.

“I’m actually really grateful in a way that I just didn’t get a big check in the beginning because I think a lot of entrepreneurs that have that VC funding early, they just don’t have perspective on how to really budget and have that scrappy small startup mentality that you need even in a big business,” she said.

Today, Kendra Scott Jewelry can be found in thousands of boutiques and retailers across the world, including Nordstrom, Neiman Marcus, and Target. Kenda Scott, which is valued over $1 billion, also has over 100 standalone locations.

The scrappy, failure-embracing path to becoming a self-made billionaire

Scott’s positive mindset, paired with a scrappy approach to building a business, is hardly unique. Sara Blakely, who has appeared as a guest investor on Shark Tank, built her billion-dollar net worth as the founder of Spanx by doing whatever it took to get her products in front of customers.

In her early days, Blakely would personally walk into Neiman Marcus stores and move her products closer to the checkout counter—away from what she called the “sleepiest corner of the store.” She knew she probably wasn’t supposed to do it, but that didn’t stop her.

“I always say, ask for forgiveness, not permission,” she said on the School of Hard Knocks.

This self-described “unhinged” approach also meant riding around with a “SPANX” license plate, signing up for British billionaire Richard Branson’s reality TV show, and even paying her friends to go into department stores and buy her product.

“You gotta do what you gotta do,” Blakely wrote on Instagram.

And while not every idea is destined to bring success, self-made billionaire and KIND bar founder Daniel Lubetzky has similarly argued that setbacks can be an entrepreneur’s greatest teacher.

“Sometimes a failure is more valuable than a success,” Lubetzky previously told Fortune.

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Noah Kerner will not tell you that an entire generation has lost faith in the idea that patient, boring investing can make them rich. He’s not ready to sign off on the concept of “financial nihilism,” the theory that young Americans, spooked by AI, debt, and a generally uncertain world, have decided the only rational move is to gamble on crypto, prediction markets, and parlays instead of grinding out 8% a year in an index fund.

“I don’t know if it’s real,” Kerner told Fortune in a recent interview. “I don’t have the statistics on it.”

But ask him about online sports betting in general, and the hedging disappears. The onset of the NFL season, he said, is “the moment millions of Americans are primed to make a bet and most likely lose money”—and he’s decided the right response isn’t a lecture, it’s a payout.

This season, Kerner’s financial wellness company, Acorns, known for investing customers’ spare change, is offering to match a user’s self-reported sports betting losses, up to $50, and deposit it directly into a new Acorns investment account. The campaign, called “Investinall,” is styled as a spoof pharmaceutical launch—complete with an “active ingredient” (compound interest) and “inactive ingredients” (diversification and patience)—timed deliberately to the first Sunday of the NFL regular season, when Kerner says the country is most primed to lose money on a bet.

Kerner’s diagnosis

Kerner was careful, in conversation, not to overclaim about a nihilistic mindset behind the current moment in gambling.

“It’s just not what history shows,” he said, noting every generation learns to save money and invest at some point. “But I understand in a time where there’s a lot of uncertainty in the world, that people shift into a nihilistic mindset,” he said, citing anxieties about AI taking jobs or the possibility of geopolitical catastrophe as plausible triggers. “But it’s just not what history shows.”

He added: “Our goal is to pull people into a place of hope, confidence, and patience … you might as well do the right thing for your money.”

That agnosticism about the broader cultural diagnosis stands in contrast to his certainty about the underlying behavior. Acorns cites data showing 27% of Americans and 52% of men ages 18 to 49 have an active online sportsbook account, and 96% of surveyed bettors lost money overall. One in four bettors, per the same data, say they’ve missed a bill payment because of gambling. Kerner, who was a psychology major in college, described the mechanics behind sportsbook design as variable rewards, near-miss notifications, and in-game micro-bets engineered to keep the dopamine loop running.

“I tell the company we’re in the business of managing emotions,” Kerner told Fortune, adding that he likes to think of himself as the “chief emotional officer” or “chief emotions officer.”

The remedy: cash, no questions asked

The mechanics of Investinall are unusually simple, and Acorns is relying entirely on the honor system to run it. A new customer goes to a dedicated page, self-reports how much they lost on a bet, opens an Acorns Invest account, and commits to a recurring investment of at least $5. In return, Acorns deposits between $1 and $50 into the new account, no proof of the loss required.

Asked whether he worried about the exposure—or what happens if huge numbers of bettors show up during the first weekend of football claiming losses—Kerner waved off the risk, treating the payout less as a giveaway and more as a redirected marketing budget.

“We have a marketing budget to acquire customers, so we just basically put it into creative ideas like this and give it back to the customer,” he said. Pressed again on whether the math could break if uptake outpaced projections, he added: “We’re basically going on honor code that says, like, if you lost, you come to us, you tell us you lost money, you set up an Acorns account.”

Acorns is leaning on one comparison above all others to make its pitch land: The average surveyed bettor spends $274 a month, or $3,284 a year, on gambling. Invested instead at a historical 8% annual return, the company says, that same money could grow to more than $950,000 over 40 years. It’s a hypothetical, not a guarantee—return assumptions like that are doing a lot of work in that sentence—but it’s the number built to make a bettor pause before placing a Sunday parlay.

Kerner traces the strategy to a company instinct he describes as opportunistic rather than moralizing: inserting Acorns into “one of the worst moments in someone’s money life, which is when you’re gambling and losing money.”

Betting, trading, predicting: no real distinction, he says

Kerner extends his skepticism well past sportsbooks. Asked whether he considers prediction markets, including Kalshi and Polymarket, that let users wager on everything from elections to the weather—fundamentally different from a sportsbook, he didn’t hesitate: “I think betting is betting.”

The company’s press materials go further, lumping day-trading apps into the same category, arguing they “sell volatility as opportunity” and are “engineered to exploit impulse,” aimed at a generation “trained to expect instant results.”

Kerner said he isn’t involved in regulatory debates over how prediction markets should be classified or overseen, treating the question as outside his lane even as his marketing squarely targets the behavior.

For all the certainty in Kerner’s diagnosis of the problem, he’s notably modest about how much progress the company—16 million customers and more than $33 billion invested since 2014—has made against it. Asked how Acorns is doing at managing the emotions and habits that drive people toward gambling instead of investing, Kerner responded: “Not well enough! The reality is that 100 million Americans should be using Acorns or a product like Acorns… Since we don’t have a hundred million customers yet, we’re not doing a good enough job.”

Maybe you can be part of that solution this football season.

For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing.

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For the past 18 months, Brian Franz has overseen all data, technology, and analytics at Estee Lauder, the first-ever C-suite leader to fill that role at the beauty giant. As of Tuesday, his role promises to be even more transformative.

This week, the M.A.C and Clinique purveyor, which ranks #315 on the Fortune 500, announced Franz has been appointed to the newly expanded role of chief technology and transformation officer, where he will continue to oversee the global IT team, further integrate partnerships with Shopify and Accenture, promote more internal and external use of artificial intelligence, and be tasked with leading enterprise-wide initiatives focused on supporting revenue growth and improving productivity.

“We have amazing brands and really great history, insights, and data for 80-plus years now,” says Franz, who previously served as CIO at financial-services firm State Street, liquor maker Diageo, and food behemoth PepsiCo. “But, we had to really position ourselves for where we need to be in the future.” 

What that has meant for Franz is ensuring that all 14,000 of Estee Lauder’s employees have broad access to AI productivity tools including Microsoft Copilot and ChatGPT, while also investing in more narrow AI use cases to speed up formulations and improve efficiencies at the company’s manufacturing facilities. AI is also changing how millions of consumers shop for beauty brands on chatbots like Gemini and Claude, further complicating and accelerating a discovery process that’s already been upended by TikTok, Instagram, and other social media platforms.

Transformation has been a key theme at Estee Lauder, which only two years ago was facing weaker demand for cosmetics and fragrances and facing criticism that the company hadn’t pivoted speedily enough to the digital world that has driven consumer purchase patterns. Stephane de La Faverie, a 14-year Estee Lauder veteran, was hired to serve as its new CEO to formulate and execute a turnaround plan called “Beauty Reimagined.”

Beyond vowing to increase advertising spending and remove complexity in how Estee Lauder’s teams work, de La Faverie also lured in new talent for his C-suite, including hiring Franz from State Street and Nestlé alum Aude Gandon, who serves as chief digital and marketing officer. Fiscal fourth-quarter results from Estee Lauder in August have shown these efforts are beginning to pay off: strong demand for luxury fragrances and skincare drove results above Wall Street’s expectations and Estee Lauder’s annual profit forecast for the current year also had positive upside.

Franz says his mandate will include all technology efforts that can improve product formulation, better forecast demand, smooth operations at the manufacturing plants, and boost worker productivity. All of these investments are intended to support his three key priorities: creating an omnichannel shopping experience that’s as frictionless as possible, unifying disparate sources of data across a decades-old organization, and adding a dash of “AI everywhere” for buyers and employees.

“The running and operations of technology every day has to get more and more productive,” says Franz. “And then, we have to shift as much of the investment into these consumer-facing, revenue-enhancing, or margin-expansion activities.”

His AI bets have included working alongside Google Cloud to launch a consumer-facing, AI-enabled scent advisor for Estee Lauder’s Jo Malone London brand, working closely with software provider Adobe to use more generative AI for the company’s digital marketing campaigns, and launching a “formula navigator” AI tool that’s improved product development efficiency by 20%.

Another AI use case is “Ella,” which stands for Estee Lauder Line Assistant, to help operators address equipment issues and lessen the time needed to switch manufacturing lines between different product runs.

To bring employees along the journey, Franz says Estee Lauder has embraced the “reverse mentor” model that empowers younger team members who are early technology adopters to teach more senior leaders about the latest AI tools. There are also AI champions that have been identified within each of Estee Lauder’s brands—the company has more than 20 within its portfolio—to help spearhead usage, which more recently, includes idea sharing around building AI agents.

“Adopting new ways of working is always something that takes incredible effort,” says Franz. “Culture and change drive all the outcomes. The technology doesn’t adopt itself.”

Franz also recently hired professional services firm Accenture for the parts of the business that Estee Lauder outsources, which includes running the company’s technology applications and environment, as well as performing many of the finance, accounting, procurement, human resources, and e-commerce marketing functions.

Yet another key vendor that Estee Lauder has tapped is e-commerce platform Shopify, which is helping run Estee Lauder’s direct-to-consumer omnichannel business and making it easier for online shoppers to buy beauty products with fewer clicks. Next month, Estee Lauder will also turn on Shopify’s agentic feature—which helps brands get discovered on AI chatbots—for the first time beginning with M.A.C.

Consumer and retail brands like Estee Lauder are only recently wrapping their heads around generative engine optimization, or GEO, which refers to the tactics that need to be honed to promote accurate product discovery across the large language models that underpin chatbots.

“The LLMs decipher what real consumers are saying, and what it is that they understand about the products we make,” says Franz. “What we’re focused on is that they find us in the LLMs, but then, within a click or two clicks, buy that product. It is still early.”

John Kell

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US President Donald Trump claimed on Tuesday, during an event marking 25 years since the September 11 attacks, that two firefighters carried him to safety near the World Trade Center shortly after the attack because of fears that a nearby building was about to collapse.

“I’ll never forget two firemen. We thought it was coming down on top of us, and two firemen, big, strong guys,” he said.  “And I’m not the smallest guy in the world. They grabbed me under the arm, said, ‘Got to get out of here.’ And they literally lifted me up. This is not easy to do. I’m big. They lifted me up, and they started running with me. I said, ‘Fellas, I can run myself,’ but they were amazing.”

Trump has repeatedly claimed that he went with a construction crew to the site of the attack to allegedly aid in rescue efforts, though people who took part in the rescue and recovery efforts have questioned that claim.

“I was building a big building in New York, and I took the whole crew down there right after this happened,” he said. “The United States Steel building was creaking, really creaking, and we thought it was going to fall down. The truth is, it creaked a lot. It creaked. It still creaks, but it never came down.”

Smoke from the ruins of the World Trade Center shrouds Lower Manhattan as the Statue of Liberty stands in the foreground, on September 12, 2001. ‘I remember the unity of the day after the September 11 attack. (credit: REUTERS)

Trump claims to have been rescued during 9/11 attacks

However, The New York Times reported that no evidence supported the president’s account or confirmed the existence of the two firefighters he said rescued him from the area.

This is not the first time Trump’s account of his activities in New York following the attacks has raised questions.

On Tuesday, he repeated the claim that he took a crew with him and added that two firefighters rescued him.

Before the speech on Tuesday, he repeated the claims to Fox News, alleging that he and the crew “worked long and hard,” he said, adding that “it was just so terrible and so hopeless. It was so hopeless, such a terrible thing.”

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The United Nations’ August 2024 investigation into 19 United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) staff members accused of taking part in the October 7 attacks on Israel contained “major deficiencies,” the United States Agency for International Development (USAID) Office of Inspector General (OIG) said in a report newly authorized for public release.

The UN Office of Internal Oversight Services (OIOS) found that the evidence it received from Israel against nine of the UNRWA staff members was insufficient to substantiate the allegations against them, while in one case, it claimed that no evidence had been obtained. As a result, the UN body determined that there was sufficient evidence to substantiate allegations against only nine of the staffers.

After reviewing the full UN investigation, USAID OIG found “major deficiencies,” which it said validated the need for independent oversight.

OIOS, for example, claimed that it had been “unable to independently authenticate” evidence presented to it by Jerusalem.

However, USAID OIG noted that the physical evidence provided should have been considered “collected enemy materials,” as it had been obtained by Hamas, and that it was therefore “unreasonable” to expect anyone to independently authenticate the materials. Additionally, USAID OIG noted that OIOS had no reason to suspect that the materials provided were not genuine.

The UNRWA Kalandia Training Centre as Israeli forces began demolishing the United Nations facility in Kalandia, north of Jerusalem, August 25, 2026. (credit: JAMAL AWAD/FLASH90)

USAID OIG says there is no reason to doubt authenticity of evidence

Though OIOS complained that it had only been provided copies of the evidence because the originals remained in Israel’s custody, USAID OIG again stressed that there was no reason to doubt their authenticity.

Additionally, the report detailed the limited scope of OIOS’s investigation, which was restricted to “claims of the possible involvement of the… UNRWA staff members in the armed attacks of 7 October 2023 in southern Israel,” and did not examine whether current or former staff members were members of Hamas.

This came despite an UNRWA directive forbidding staff from “participating in the activities of or being a member of any militant or armed group or entity,” which could have allowed investigators to expand the scope of their inquiry.

Another key failure by OIOS, identified by USAID OIG, was describing the methodology behind its review of “information and communications technology” data.

OIOS concluded, without what USAID OIG deemed proper substantiation, that there was “no significant activity or items of interest in the various email archives” of the accused.

OIOS was also said to have failed to indicate in its report whether it had conducted any review of information available outside the email archives or of the material provided by the State of Israel.

UNRWA employees terminated in January 2024 – after Israel provided UNRWA Commissioner-General Philippe Lazzarini with a list of employees suspected of being involved in the invasion – may go on to work for other organizations, some of which receive US taxpayer funding, the office warned, due to the way their terminations were characterized.

UNRWA terminated the 12 staffers’ employment “to protect the agency’s ability to deliver humanitarian assistance,” which, USAID OIG said, meant the chance of them joining other aid groups was “very high.” Therefore, the office explained, Operation Stop the Carousel was launched to stop the circulation of terrorists in humanitarian circles.

USAID OIG refers over a dozen people to State Dep’t for debarment

As a result of its own independent investigation into UNRWA, the USAID OIG referred 17 of the 19 individuals from the OIOS report to the State Department for debarment.

USAID OIG accused OIOS of initially withholding the unredacted version of its investigation, leaving the oversight body able to review only a redacted version that it considered “useless” for its investigation. The oversight body was therefore forced to rely on independent information until it finally obtained a copy of the unredacted investigation.

Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa), in a letter addressed to Secretary of State Marco Rubio and sent to The Jerusalem Post by Grassley’s office, expressed concerns on August 27 about the UN’s unwillingness to cooperate with the USAID OIG’s investigation, “as well as vetting failures by the UN to ensure taxpayer dollars do not fall into the hands of Hamas or other terrorist organizations.”

The exemption from vetting processes granted to UN staff, unlike NGOs and contractors, has meant that the US and other partners have relied on the UN to conduct its own vetting, thus creating vulnerabilities, he added.

Based on those concerns, Grassley asked Rubio to confirm how the State Department has vetted UN employees funded by American taxpayers; the status of disbarment investigations launched against over 100 UNRWA employees alleged to be members of Hamas, an affiliated group, or to have participated in the October 7 massacre; how many UNRWA employees have so far been confirmed as members of Hamas or an affiliated group; and whether the US will deny funding to UN organizations that fail to properly vet their staff.

Grassley also sent a second letter to UN Secretary-General Antonio Guterres, which was also received by the Post, seeking an explanation as to why the scope of the OIOS investigation did not include identifying current and former Hamas members within its ranks.

He also asked whether the UN and its agencies would commit to cooperating with USAID OIG investigations and what steps the UN has taken to ensure that American funds are not directed to Hamas or affiliated groups, as well as requesting all relevant information concerning employees accused of being members of terrorist groups.

OIOS declined to respond to the Post’s request for comment, instead referring the paper to Jonathan Fowler, UNRWA’s senior communications manager, who has not yet responded.

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Canadian pro-Israel organizations and advocacy groups condemned the federal government’s decision to ban the importation of goods from Israeli settlements in the West Bank.

The policy shift followed a joint statement issued on Tuesday by Prime Minister Mark Carney alongside international leaders confirming plans to introduce restrictions on trade with settlements. Joined by the leaders of the United Kingdom, France, Denmark, Finland, Iceland, Ireland, Norway, Poland, Portugal, Spain, and Sweden, the prime minister, in a joint statement, said that “A two-state solution to the Israeli-Palestinian conflict is critical for peace, stability and security in the Middle East and beyond.”

Following the announcement, HonestReporting Canada issued a statement on social media criticizing the government and calling on media outlets to scrutinize the rationale behind the measures. In a public statement released on Tuesday, the organization said, “HonestReporting Canada calls on the media to demand clarification from the Carney government on how its aggressively anti-Israel policies benefit Canadians.”

Canada’s Prime Minister Mark Carney walks to speak with the news media after he suspended trade negotiations with the United States, in Ottawa, Ontario, Canada August 22, 2026. (credit: Chris Tanouye/Reuters)

The statement further criticized the unilateral focus on Israel and said, “And now, rather than demanding concrete concessions from the Palestinian side, the Carney government is continuing down a reckless path of imposing punitive measures on Israel. This approach rewards Palestinian rejectionism, undermines the prospect of direct negotiations, and sends a troubling message that pressure will be directed at Israel regardless of Palestinian conduct.”

‘We strongly condemn the Government of Canada’s announcement’

The Center for Israel and Jewish Affairs (CIJA) also issued a strong condemnation on Tuesday of the federal government’s announcement. Noah Shack, CEO of CIJA, said, “We strongly condemn the Government of Canada’s announcement of new sanctions on Israel.”

Shack further said, “Rather than pursue an independent foreign policy grounded in Canada’s strategic interests and its stated approach of not ‘lecturing countries from afar,’ the government has chosen to follow the United Kingdom’s lead, in a move reportedly driven by domestic political considerations to appease the most extreme elements of society.”

The Center for Israel and Jewish Affairs (CIJA) also issued a strong condemnation on Tuesday of the federal government’s announcement. Noah Shack, CEO of CIJA, stated, “We strongly condemn the Government of Canada’s announcement of new sanctions on Israel.”

Shack further criticized the administration’s motivations, stating, “Rather than pursue an independent foreign policy grounded in Canada’s strategic interests and its stated approach of not ‘lecturing countries from afar,’ the government has chosen to follow the United Kingdom’s lead, in a move reportedly driven by domestic political considerations to appease the most extreme elements of society.” 

Shack added that “These sanctions fail to advance peace or security for Israelis and Palestinians. They interfere in Israel’s democratic election just weeks before Israelis vote, a warning voiced by Israeli President Isaac Herzog. They make diplomacy harder and do nothing to press the Palestinian Authority to fulfill the commitments it made to Prime Minister Carney, including to fundamentally reform its governance, to hold general elections in 2026 in which Hamas can play no part, and to demilitarize the Palestinian state.”

The Abraham Global Peace Initiative (AGPI) added its voice to the condemnation in an open letter addressed to Minister of Foreign Affairs Anita Anand on Tuesday. Signed by Founder, Chairman and CEO Avi Abraham Benlolo, the letter criticized the move by stating, “This action closely mirrors the tactics and objectives of the antisemitic Boycott, Divestment and Sanctions movement by singling out the Jewish state for economic punishment and legitimizing campaigns intended to isolate the only Jewish state, not dissimilar to measures undertaken throughout history against the Jewish people.”

AGPI further stated that Canada formally adopted the International Holocaust Remembrance Alliance Working Definition of Antisemitism in 2019, noting that “IHRA identifies applying double standards to Israel, including requiring conduct not expected of any other democratic nation, as a contemporary manifestation of antisemitism,” and that the new trade measure is difficult to reconcile with that commitment.

The organization additionally emphasized that the timing requires restraint while Israel is in the midst of a democratic election campaign, warning that announcing restrictions now risks exerting external pressure and prejudging a government not yet formed, and concluding that “Trade restrictions will not advance peace. Punishing Israel while imposing no comparable consequences upon those who reject peace, glorify terrorism, or threaten Israel’s security rewards intransigence rather than dialogue.

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Foreign Minister Gideon Sa’ar affirmed that Israel is not planning to expel any Palestinians from the Gaza Strip when asked if Slovenia would support efforts to move Gazans out of the territory, during a joint press conference with Slovenian Foreign Minister Tone Kajzer on Wednesday.

“First of all, we are not planning to expel or to deport anyone from the Gaza Strip,” Sa’ar emphasized, stating that his position is in line with international norms and laws.

He added that Israel would not force anyone to stay in Gaza and would not oppose Palestinians choosing to leave Gaza of their own volition if they are provided with an opportunity to do so.

“If someone wants to immigrate of their own will, and there is a country that is ready to accept them… we will not oppose that,” Sa’ar said.

Sa’ar was also asked for his response to a criminal complaint that was filed against him in Slovenia by the pro-Palestinian Hind Rajab Foundation (HRF) on Monday, and accusations that Israel had committed genocide in Gaza.

Israeli Foreign Minister Gideon Saar meets his Slovenian counterpart Tone Kajzer in Ljubljana, in Ljubljana, Slovenia September 9, 2026. (credit: REUTERS/BORUT ZIVULOVIC)

He answered that HRF is “connected directly to terrorist organizations in Gaza” and rejected accusations of genocide. He added that those who participated in Hamas’s October 7 massacre and those who advocated for the destruction of the State of Israel are responsible for genocide.

“The objective is to eliminate the state of Israel,” Sa’ar added. “It is their public commitment to eliminate the Jewish state.”

Sa’ar, Kajzer sign Israel-Slovenia cooperation agreement

Sa’ar was present in Slovenia for the opening of the first Israeli embassy in the capital of Ljubljana and to meet with Kajzer.

During the joint press conference, Sa’ar and Kajzer signed a cooperation agreement to expand cooperation in the fields of education, science, business, and tourism.

“After 16 years, we are once again hosting the Israeli Foreign Minister in Slovenia. Today’s visit therefore has significant political and symbolic weight,” Kajzer said of Sa’ar’s visit. 

“After a long period of less intensive contacts, it is time to shift cooperation between Slovenia and Israel into a higher gear.”

As Israel faces increasing isolation and criticism on the global stage, Kajzer emphasized that Slovenia has chosen dialogue and cooperation with Israel over exclusion, telling reporters his government “believes that the progress of society is based on cooperation and opening up new horizons.”

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When British Foreign Secretary Ed Miliband stood before the House of Commons on Tuesday to announce a ban on imports from Israeli settlements in the West Bank, he lauded the decision as one intended to protect Palestinians and preserve the possibility of a two-state solution.

“I do not believe that the British people want us supporting the occupation by accepting products from settlements in our shops and supermarkets,” Miliband said. “So, I can announce today that we will introduce an import ban on goods from illegal settlements in the occupied territories.

“We will take action against specific companies and individuals who provide services such as construction, infrastructure, financing, or real estate for settlement expansion.”

What happens to Palestinians who make their living from boycotted businesses?

Yet amid Miliband’s declarations of settler “ethnic cleansing” and solidarity with Palestinians, which peppered his speech, there is a question to which he provided no answer: What happens to the Palestinians who make their living from the businesses the UK is seeking to hurt?

According to the latest quarterly labor force survey from the Palestinian Central Bureau of Statistics (PCBS), approximately 17,600 West Bank Palestinians were employed in Israeli settlements during the second quarter of 2026.

British Foreign Secretary Ed Miliband arrives to attend a cabinet meeting at 10 Downing Street in London, Britain, September 8, 2026. (credit: REUTERS/Isabel Infantes)

Taking a look at the Palestinian economy, the same PCBS survey recorded West Bank unemployment at 27.9%, with approximately 284,000 people out of work.

In other words, the Palestinians employed in Israeli settlements play more than their part in the Palestinian economy at a time when over a quarter of West Bank Palestinians are unemployed. There are thousands of workers earning salaries, spending their currency inside the Palestinian economy, supporting families, and all of this within an economy which is already struggling to provide sufficient employment.

None of this resolves the argument over settlements, nor does Palestinian employment there provide an answer to the legal and political arguments surrounding them. But, if the purpose of an import ban is to reduce the revenues of businesses operating beyond the Green Line, it is reasonable to ask who will bear the consequences if that policy succeeds.

Businesses that lose customers eventually reduce production, investment, staffing, and in some cases, close altogether. The economic consequences of such actions do not distinguish between an Israeli owner and a Palestinian employee – something the UK government did not address in its grand announcement.

Israel also has precedent for how complicated such a situation can get

For years, SodaStream operated a large factory in the Mishor Adumim industrial zone, employing around 500 Palestinians alongside Israeli Jews and Arabs. The company became one of the most prominent targets of the international boycott movement, with the controversy reaching the mainstream in 2014 when actress Scarlett Johansson resigned as an Oxfam ambassador after the charity objected to her relationship with the Israeli company.

SodaStream subsequently closed its Mishor Adumim operation and moved to a new facility in the Negev, where it employs around 1,400 people, including Bedouins.

SodaStream CEO Daniel Birnbaum has consistently rejected claims that the boycott campaign forced the company out of Mishor Adumim, saying the relocation had been planned for commercial reasons and as part of a broader consolidation of its production facilities. The boycott movement claimed the departure as a victory, but the company disputes this.

What is without dispute, however, is what happened to the Palestinian workforce there, which is a lesson in and of itself.

SodaStream tried to bring hundreds of its Palestinian employees to the new factory, but doing so required Israeli work permits. Only a fraction could continue working there and, by early 2016, just 74 Palestinian employees remained. When their permits expired, they too lost their jobs, although those workers were eventually allowed to return the following year.

Perhaps the UK considered the risk and sees it as a price worth paying

Israel’s permit policies did play an important role in the loss of those jobs, and it would be inaccurate to simply state that a boycott put hundreds of Palestinians out of work. But the episode demonstrates that Western policymakers should bear in mind that attempting to come down on Israeli businesses over the Green Line can affect the Palestinian economy as well as the Israeli economy.

Sometimes the jobs cross back over the Green Line and the workers cannot.

Perhaps the UK considered the risk and sees it as a price worth paying. Perhaps Palestinian workers themselves overwhelmingly agree. There are, undoubtedly, Palestinians who believe that economic pressure on the settlements is worth the potential personal cost as part of a wider political struggle.

Palestinian Ambassador to Britain Husam Zomlot welcomed Tuesday’s announcement as a “turning point” and called for further measures against Israel. Palestinian officials in Ramallah described Britain’s decision as a “significant political achievement.” Political points appear to have precedence over potential economic distress.

At the very least, Britain should acknowledge that economic pressure on Israel will have consequences beyond the people it intends to punish.

Before the UK (and by extension France, Canada, and the other countries supporting such action) congratulate themselves on refusing to buy products made in Judea and Samaria, they might consider finding out who actually makes them.

Britain says its new policy is intended to help Palestinians and punish Israel. But Palestinians will also pay a price.

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Professionals can get bogged down by a continuous stream of emails, notifications, and meetings. But investing icon Kevin O’Leary says late Apple cofounder Steve Jobs taught him a simple formula to make the most of his days: focusing on what actually matters and drowning out the chaos. 

“During the day, you only need to get three things done,” O’Leary recently said on the Build or Break podcast with Daniel Lubetzky. “They’re important each day—not the big vision. Just three things done. You have to do those first. Anything that stops you from getting the three things done is noise.”

O’Leary says the best of the best in business share one quality in common. They can tune out the “noise” of their personal lives—like watercooler small talk, or phone calls from aunts—and hone in on the “signal” of what actually needs to get done straight away. Mr. Wonderful says his former business partner Jobs had the perfect signal-to-noise ratio of 80:20. It may have made him “extremely difficult to work with,” O’Leary explains, but points to what he’s accomplished with a “tough” and “brutal” leadership style. 

Other entrepreneurs can muffle the static of life and zero in on what actually matters. The 72-year-old Canadian businessman also says he’s seen Elon Musk’s intense “signal” personality up close at entrepreneur Mark Burnett’s Shark Tank Christmas parties. O’Leary recounted that if the Tesla founder didn’t find value in a conversation, he would simply walk away from the group. It might be a faux pas in the grand scheme of social norms, but it plays out well in the world of business. O’Leary knows the mindset all too well; the successful investor is known both for his brutal honesty and financial wins. 

“[Musk] just doesn’t want to waste his time, and look at what he’s achieved,” O’Leary continued. “This idea of signal to noise is going to make you a difficult person, and it has. That’s why I have so many critics…I don’t care, because it’s noise. It just doesn’t matter to me. And so if it doesn’t matter to me, why should I put any energy into it at all?”

O’Leary discovered the ‘founders mindset’ while working with Jobs in the 1990s

For O’Leary, the lesson Jobs taught him went beyond simply getting more done. He also developed a “founder’s mindset” to cut through the noise—knowing what deserves your attention and having the discipline to shut out everything else.

In the 1990s, SoftKey Software Products—later named The Learning Company—spearheaded the development of Apple’s educational software. O’Leary suggested that Jobs hear input from students and teachers about what they wanted from the program. But Jobs had none of it, saying their opinions didn’t matter and that the games would be most successful if they followed the Apple cofounder’s lead. 

O’Leary said Jobs led with a brutal leadership persona, but respected how he kept his eye on the ball. The Shark Tank investor has also managed to reach that 80:20 dynamic, striking a balance between business and hobbies like watch and guitar collecting to stay dynamic. Others, like Musk, let signal dominate the space where noise creates harmony. 

“I’ve had to work on it, because I didn’t even know that was important till I went through my whole thing with Jobs way back in the early 90s,” O’Leary told Fortune last year. “But I also deal with it in every aspect of what I’m doing…[If] business is biting, you focus on making money or losing money.”

Without cultivating that 80:20 founder’s mindset, O’Leary’s entrepreneurial track record could have looked a whole lot different. He’s had massive entrepreneurial success, founding SoftKey Software Products in the basement of his Toronto pad in 1983, and later selling the company to Mattel for $3.7 billion in 1999. He has since built a reputation as a prolific investor, backing dozens of companies like Groove Book, Blueland, and Basepaws. And most notably, he’s held his role as no-nonsense Shark Tank investor “Mr. Wonderful” for 17 seasons. 

O’Leary may come across as prickly to some, but he believes that his haters have turned out to be great motivators. With over 40 years of skin in the game, O’Leary isn’t easily deterred by a snide comment or occasional failure; he’s practiced being able to tune out the “noise” of critics and external pressures, and focus on the three most important things for the day.

“I’m fairly lucky. I’ve made lots of mistakes in investing, but I’ve also had some extraordinary outcomes…I’m not scared to fail,” O’Leary told Fortune. “I never bet the farm on any one thing.”

This story was originally featured on Fortune.com

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Commentary
With the latest earnings season now wrapped up, The Wall Street Journal reported the S&P 500’s second-quarter earnings soared 53%, and sales rose 16%. Tariff refunds apparently helped boost this robust rate of earnings growth, but no matter how you analyze it, earnings momentum peaked in the second quarter and will likely decelerate in upcoming quarters. But there’s no reason to panic, as the S&P 500’s earnings growth should still be around a 30% annual pace and price-to-earnings (P/E) ratios will remain under compression. In my opinion, the stock market remains grossly undervalued relative to the bond market….

This post was originally published here. 

Cord-cutters escaped the cable bundle only to rebuild it, one streaming subscription at a time. Subscribing to eight major streaming services without ads or bundle discounts now costs $139.41 a month, or $1,672.92 a year, according to a calculation of the platforms’ published U.S. list prices as of Sept. 8, 2026. Choosing each service’s standard, full-catalog ad-supported option wherever one exists brings the bill down to $89.92 a month.

That puts the full ad-free streaming stack within a few dollars of the cable bill many viewers fled from in the first place. In 2016, the average pay-TV bill reached $103.10 a month, according to Leichtman Research Group data. Based on the Consumer Price Index, that 2016 bill would equal approximately $143 in July 2026—only about $4 more than today’s $139.41 ad-free streaming lineup. Although the products are not identical, the narrow difference helps explain why streaming can still be technically, barely cheaper without feeling like much of a bargain.

The $89.92 ad-supported bill comes with another catch. It is roughly what a comparable lineup of eight services cost without ads four years ago, using historical prices reported by The Hollywood Reporter. Cord-cutting is no longer an automatic way to save money. Streaming still gives households more control than cable, but keeping it affordable now requires constant attention—downgrading plans, pursuing bundles, canceling unused subscriptions or cycling among services.

The calculation includes Netflix, Apple TV, Disney+, Hulu, Paramount+, Peacock, HBO Max and Prime Video. For the ad-free total, Fortune used each service’s least expensive ad-free monthly plan. For the ad-supported total, it used the standard full-catalog plan wherever one was available. Apple TV has no ad-supported tier, so its full $14.99 price is counted in both totals. Prime Video’s $8.99 standalone subscription includes commercials, while removing them costs an additional $4.99 a month.

How streaming’s original bargain unraveled

No service captures the shift more clearly than Apple TV. It launched at $4.99 a month in November 2019 and now costs $14.99 after Apple raised the price by $2 on Aug. 28. That amounts to a 200% increase in under seven years.

Disney+ follows close behind. It launched in November 2019 at $6.99 without ads, but its ad-free plan reached $18.99 in October 2025—a 172% increase. Its ad-supported tier, which did not exist at launch, now costs $11.99. The changes were part of a broader round of Disney streaming increases. 

Hulu’s ad-supported plan rose to $11.99 on Oct. 21, 2025, while HBO Max increased the price of every tier that same day, pushing its Standard ad-free plan to $18.49. Hulu’s $18.99 ad-free plan remained unchanged.

Paramount+ raised its cheapest tier to $8.99 on Jan. 15, 2026, up 50% from the $5.99 charged when its predecessor, CBS All Access, launched in 2014. Its ad-free Premium plan now costs $13.99, up 40% from the $9.99 commercial-free tier CBS All Access introduced in 2016, according to PCMag’s streaming-price tracker.

Netflix raised prices across all three of its U.S. plans on March 26, marking its second increase in 14 months, according to Reuters. Its ad-supported plan climbed to $8.99, Standard rose to $19.99, and Premium reached $26.99. Netflix’s cheapest ad-free option now costs 150% more than its $7.99 streaming-only plan did in 2011.

Amazon restructured its offering rather than simply raising the price of a standalone plan, which the company told Fortune it has remained at $8.99 a month for several years. On April 10, it increased the cost of watching Prime Video without ads from $2.99 to $4.99 a month and rebranded the offering as Prime Video Ultra, a separate subscription that also includes 4K UHD, Dolby Atmos, additional downloads and more simultaneous streams. Because Ultra requires an underlying Prime or Prime Video subscription, standalone ad-free Prime Video now costs $13.98 a month. Amazon noted that Prime Video is also included with a $14.99 monthly or $139 annual Prime membership, whose benefits can be shared through Amazon family. 

Peacock followed with another round of increases on Aug. 18. Its ad-supported Premium plan rose from $10.99 to $12.99, while Premium Plus increased from $16.99 to $19.99, according to Peacock’s price-increase notice.

Among the services reviewed, HBO Max’s base ad-free price has risen the least in percentage terms. The service debuted at $14.99 a month in May 2020, while its comparable Standard ad-free plan now costs $18.49—an increase of about 23%. HBO Max, however, entered the market at a premium price that many of its rivals have spent the past six years approaching or surpassing.

Collectively, streaming prices rose 11.8% over the past year, according to The Hollywood Reporter. Since 2022, the publication found, streaming prices have increased more than three times as fast as inflation, while overall consumer prices have climbed an annual average of 3.84% since 2019.

Higher prices are also arriving after the content boom that encouraged households to accumulate so many subscriptions began to recede. FX chairman John Landgraf—sometimes called the “mayor of television”—coined the term “Peak TV” in 2015 to describe the rapid growth in scripted programming. FX Research counted roughly 600 original scripted series at the industry’s peak in 2022, but that figure fell 14% to 516 in 2023, according to Axios.

A subsequent Stat Significant analysis, published in 2025, argued that streamers have become more selective, favoring proven returning shows and less expensive unscripted programming over a constant supply of risky news series. This doesn’t necessarily mean television has become worse, but that subscribers are paying higher prices after the supply of new scripted programming has contracted from its peak. It also means that even as streaming prices rise, the amount paid per show is also rising — you’re not getting more value for your streaming buck through this lens, and it basically costs just as much as the old cable bundle.

As households pay more for a shrinking pipeline of new scripted shows, the question becomes which services are still worth keeping.

Price alone doesn’t decide what gets cut

The most expensive platforms are not necessarily the first ones subscribers leave.

Netflix had the lowest monthly churn rate among nine premium streaming services tracked by subscription-analytics firm Antenna in May, at 2%, a level it had maintained for the previous year, according to data reported by MediaPost. Antenna calculates monthly churn by dividing cancellations during a given month by the number of subscribers at the end of the previous month. 

Disney+ followed at 3% and Hulu at 4%. Paramount+, Apple TV, Discovery+ and HBO Max each recorded 5%, while Peacock reached 7%. Although Netflix and Paramount+ carried the same $8.99 entry price, Paramount+’s overall churn rate was more than twice as high—another indication that a platform’s price alone does not determine whether subscribers keep it.

Search behavior presents a different picture. Search-marketing firm Searchbloom compared U.S. search demand for joining and canceling seven major streaming services using search-volume estimates from SEO analytics platform Ahrefs, retrieved Sept. 1. Paramount+ had the highest share of cancellation interest at 17.9%, followed by Apple TV at 17.5% and Disney+ at 17.3%.

“People cancel the app they stopped opening,” Cody C. Jensen, CEO and founder of Searchbloom, said in the study’s accompanying statement. “Price only decides how long they wait to notice.”

Searchbloom’s ranking diverges from Antenna’s data on HBO Max, which recorded the same 5% monthly churn rate as Paramount+ in May despite drawing the lowest share of cancellation searches. That difference illustrates the limits of search data because looking for an exit and actually canceling are not the same thing. Someone who searches for instructions may ultimately keep paying, while a subscriber who cancels directly through an app would not appear in Searchbloom’s data.

Keeping streaming cheaper than cable increasingly requires viewers to decide which subscriptions are worth keeping regularly. One tactic is “streaming cycling,” or subscribing to a platform long enough to watch its most desirable shows, canceling and moving on to another. CNET estimates that rotating subscriptions could save a household hundreds of dollars a year.

Streaming still gives viewers the freedom to choose what they pay for. The catch is that cord-cutting used to be a one-time decision. Now it is a monthly one.

Netflix, Apple, and Disney did not respond to requests for comment.

This story was originally featured on Fortune.com

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At an age when most of her peers are turning their tassels and heading into their first-time jobs, tennis superstar Coco Gauff is on a tear at the U.S. Open. The 22-year-old is heading into the tournament’s quarterfinal match tonight—and is one step closer to reclaiming the title she won in 2023.

Gauff has put together a whirlwind performance at the 2026 U.S. Open. The Florida native most recently faced off against fellow American Iva Jovic Monday night, taking home a 6-1, 6-4 win and becoming one of the tournament’s final eight competitors. Her string of four straight singles victories at the tournament was preceded by a run to the Wimbledon semifinals and a Cincinnati title just weeks before the 2026 U.S. Open. Gauff hasn’t lost a single set in New York City competition so far—and the fourth-seeded player credited a change in mindset to her triumphs. 

“The biggest difference in the way I’ve been playing is just trying to play with no regrets,” Gauff said after her Monday win against Jovic. “I think I have a lot more fun and success playing like this.”

The Gen Z athlete is one of six U.S. players to advance to this stage of the U.S. Open—the greatest number of Americans to have made the quarterfinals since 2002—according to the United States Tennis Association. And as the last American woman to win the singles title back in 2023, Gauff is now competing to reclaim the title in Arthur Ashe Stadium. Tonight, she will hit the courts against 19-year-old Russian Mirra Andreeva, the fifth-seed rising star and reigning French Open champion. While Gauff has yet to drop the ball and lose a set, she’s stuck true to the mindset of letting mistakes go and trusting her game.

“I think I’m doing a good job of when I maybe miss opportunities or lose some games, just keeping it in the past and focusing on the present,” Gauff said. “I don’t view it as opportunities lost sometimes. I try to just view it as what to do better and just trusting that I’ll be in the same position again.”

Gauff earns $35.5 million—and will take home at least $780K at the U.S. Open 

Gauff has become one of tennis’s most recognizable names through her eight-year professional run. 

The world tuned into her talent when she was only 15 years old—one year into her professional career—as Gauff made history as the youngest to qualify for Wimbledon’s main draw. And in the years since, the professional athlete hasn’t quit breaking records and taking names. In 2023, she became the youngest American to win the U.S. Open singles title since Serena Williams in 1999; she’d go on to claim the 2025 French Open singles title, her second Grand Slam singles victory. Gauff has also been crowned world number one in doubles and world number two in singles, according to the Women’s Tennis Association. Gauff was also the U.S. flag bearer for the Paris 2024 Olympics—making her the youngest American flag bearer in U.S. Olympic history. 

On and off the court, Gauff is collecting big checks for her partnerships and accomplishments. Gauff was crowned the highest-paid female athlete in the world in both 2025 and 2024, according to Forbes. And this year, she was the fifth highest-paid of anyone in sports, earning a whopping $35.5 million—$7.5 million on the field and $28 million off the tennis green. Aside from prize money from two singles titles in 2025, including the French Open, she made bank through endorsements and brand deals. Her sponsorships include Mercedes-Benz, Chase Bank, Rolex, and New Balance; and in 2025, Gauff has also launched her own management firm, Coco Gauff Enterprises, with talent agency WME to “take greater ownership of my career.”

“As I’ve gotten older, I don’t want to just be a face of brands, but also be the brand,” Gauff told Forbes last year. “My dad has always said that this was his plan for me when I was younger, and it was up to me if I wanted to hop on board or not. And when I became 18, I knew that this is something that I wanted to work for.”

Tonight, Gauff will walk away from the quarterfinal match hundreds of thousands of dollars richer—win or lose. If her 19-year-old opponent walks away victorious, then the American player will take home the round’s prize money of $780,000. And if Gauff continues her four-win streak this tournament, then the honeypot only grows larger: $1,450,000 for semifinalists, $2,800,000 for the runner-up, and $5,500,000 for the winner of the women’s singles competition. 

This story was originally featured on Fortune.com

This post was originally published here. 

This weekend, on September 5 and 6, the second Jewish and Kurdish diaspora gathering met, and Foreign Minister Gideon Sa’ar sent a message. For his office, it was a small courtesy. For us it was not small at all, and it is worth explaining why a paragraph from Jerusalem lands so heavily on a people of 40 million.

Kurds are the largest unrecognized nation on earth. Not unrepresented, which is a lesser condition. Unrecognized. There is no seat, no flag at Turtle Bay, no ministry anywhere that receives our envoys as envoys. 

Compare us to almost any other stateless national claim and the asymmetry is immediate: Palestinians hold observer status at the United Nations and full diplomatic representation across most of the Western world, and their cause commands parliamentary time in capitals that could not locate Kurdistan on a map. 

I do not raise this to diminish anyone’s claim. I raise it because the same international system that found room for one has found none for a nation four times larger.

A Kurdish man holds an Israeli and Kurdish flag during a rally to show their support for the upcoming September 25th independence referendum in Erbil, Iraq September 16, 2017. (credit: REUTERS/AZAD LASHKARIG)

What that absence looks like on the ground is worth spelling out, because it is not abstract.

In Turkey, when Kurdish is spoken in parliament, whether by an elected member or by a citizen addressing a committee, the official record has entered it as speech “in an unknown language.” The state broadcaster runs a Kurdish channel, TRT Kurdî, funded by the same government whose parliamentary stenographers cannot name the language it broadcasts in. 

That is not repression at its most violent. It is repression at its most absurd, and the absurdity is the point: a century of policy has been built on the proposition that we are a clerical error.

The reach extends past Turkey’s borders. In Germany, Kurdish parents holding Turkish passports have found their children’s names constrained by what Turkish law permits, because German registry practice deferred to the naming rules of the applicant’s state of nationality. 

Turkish orthography excludes the letters Q, W, and X. Kurdish requires them. So a Kurdish family in Cologne discovers that Ankara has a say in what their daughter is called. Denial of identity does not stop at a frontier. It travels in the passport.

Against that background, consider what Jerusalem has just proved it is willing to do. In December 2025, Israel became the first state in the world to recognize Somaliland. Sa’ar flew there in January. Ambassadors were exchanged by the spring. 

Israel looked at a functioning, self-governing people that the international system had spent three decades pretending not to see, and decided that the pretense was not binding. Mogadishu objected. Israel proceeded anyway.

Kurds noticed.

Asking for advocacy

I am not asking for a declaration tomorrow, and I am not going to pretend we have earned one on our present performance. Israel represents its people. We cannot yet say the same. Our political factions have not produced a national congress or any body with standing to speak for the nation, and until they do, no partner has an address to write to. 

That failure is ours. I have said so in these pages before, and I will keep saying it, because a movement that will not name its own weakness has no business asking anyone to invest in its strength.

But the fracture is in Kurdish politics, not in Kurdish identity. Where our politicians have failed to build a representative body, our people have not failed to remain a people. And the place where that distinction can be turned into something usable is the diaspora.

This is familiar ground for Jewish readers. The State of Israel was conceived in exile, argued into existence in Basel and Vienna and London long before it was defended at home. Kurds are at the beginning of that road, second generation at most in the societies we now live in, where Jewish communities are measured in centuries. 

We are not equals in this. But we are in the same rooms, which is new, and the gatherings of the past two years are where it is happening.

So the practical proposal is narrow. The Jewish Diaspora is the most effective advocacy network any group of people has ever built, and Sa’ar has spent his term strengthening precisely those ties, most recently at the J50 Forum in Jerusalem five days before our own gathering met. 

That machinery, turned even partly toward the Kurdish question, would do more for our international standing in a decade than we have managed in a century of asking. Not charity. Advocacy for a cause that pays.

Because it does pay. The governments that guarantee Kurds never see daylight are, with striking consistency, the same governments organized around Israel’s disappearance. Relations with Ankara are at their lowest point in the history of the two states; Sa’ar himself described the Turkish foreign minister’s remarks this July as a call for genocide. 

Whatever deference to Turkish sensitivities once constrained Israeli policy toward Kurds, it is difficult to see what remains of it now.

Kurds have been misled and abandoned by Western partners often enough to be careful about who we thank. This is not one of those cases. Israel is doing the one thing we cannot do for ourselves: treating us as a nation in public, at cost, without asking permission. More is possible, and Somaliland is the proof that it is possible.

Israel has been bold before, and recently. Kurds will answer boldness.

The writer, based in Vancouver, is a commentator on Kurdish affairs, Kurdistan, and international politics.

This post was originally published on here. 

The Central District Court in Lod sentenced a man on Wednesday to 13 years in prison for killing Palestinian mother Aysha Rabi in a rare conviction for Jewish-nationalist terror relating to a 2018 attack, concluding the trial stage of an unusually long and closely contested case.

The court also ordered the defendant to pay Rabi’s family NIS 258,000, the maximum compensation available under the law, and imposed an additional suspended prison term.

The defendant, whose identity remains barred from publication because he was a minor at the time, was 15 years and 10 months old when he carried out the attack.

On October 12, 2018, he positioned himself with two or three unidentified people on an embankment overlooking Route 60 near the West Bank settlement of Rehelim, the court found.

After identifying an approaching car by its Palestinian license plate, he threw a rock weighing approximately two kilograms through its windshield. The rock struck Rabi directly in the head as she sat beside her husband, Yacoub, and in front of their nine-year-old daughter.

Israeli youth at a West Bank outpost. An Israeli youth from a Jerusalem religious institution will be indicted in the case of a killed Palestinian woman, Aysha Rabi. (credit: MARC ISRAEL SELLEM)

Rabi, a resident of the Palestinian town of Bidya and a mother of nine, died from her injuries. The court found that the defendant acted from a nationalist motive, intending to harm the car’s occupants and disregarding the possibility that they could be killed.

In March, judges Michal Barak-Nevo and Michael Tamir found that the defendant had committed the offenses, while then-presiding judge Liora Brody voted to acquit him, contending the very high beyond any reasonable doubt had not been met.

Because the defendant was a minor at the time, the juvenile court first determined that he had committed the offenses without immediately entering a formal conviction. It formally convicted him on Wednesday as part of the sentencing decision.

He was convicted of manslaughter in circumstances amounting to an act of terrorism, aggravated stone-throwing at a vehicle and intentionally damaging a vehicle, with all three offenses classified as terrorism-related.

At the time of the indictment, the fact that the minor was accused not of murder, but only manslaughter, and that the filing of the indictment was delayed by several weeks indicated that the path to any kind of conviction might be difficult.

Honenu lawyer Adi Keidar told the Post at the time that even the DNA evidence could be attacked in court.

A spokesman for the right-wing legal aid group Honenu said that there was no other evidence connecting the minor to the incident, and that the DNA evidence was weak compared to standard DNA evidence, as it was found on a moving object – the rock – as opposed to on a stationary object, like a wall.

This meant, said Honenu, that the DNA could have come from a variety of sources, while the rock may have been moved.

In addition, the spokesman said the DNA was of a low resolution. In other words, while hi-resolution DNA evidence can flag a specific person, in this case the evidence could point to a number of people.

The majority of the court disagreed with these arguments, resting principally on the defendant’s DNA, which was found on the rock recovered from inside the family’s car, while also citing the rejection of his alibi, statements they found untruthful, contradictions in later accounts and his problematic conduct during questioning.

In August 2024, the Post learned that as part of the prosecutor’s case, extensive evidence had been presented to debunk the defense’s attack on the DNA evidence.

Further, The Jerusalem Post learned that the prosecution was able to use a May 2019 decision by the Lod District Court regarding various issues in the case as somewhat of a roadmap toward conviction.

Already in that decision, the court had ruled in the context of debates about how long to keep the minor in detention of some sort, that the prosecution’s chances of conviction were extremely high because of the DNA.

Despite the defense’s arguments, the prosecution has presented evidence that the chances of the minor-defendant just happening to have touched the rock randomly (versus using it as his killing weapon) are miniscule given that the only DNA on the rock is Rabi’s, her husband who touched the rock after it hit her, and the minor-defendant.

In May 2019, the court had called such a theory to try to acquit the defendant-minor “blatantly and grossly unreasonable.”

Moreover, the prosecution has taken aim at the defendant’s alibi.

According to the prosecution, the Post understands, the minor’s alibi was completely unreliable because he refused to open his mouth not only throughout the time of his arrest and being interrogated by the Shin Bet from December 30, 2018, but even from October 15, 2018 when he was interviewed only as a third party witness, and not yet as a suspect.

The fact that the defendant would not open his mouth even when he was not yet suspected of anything, the prosecution argued, drew much greater attention to his potential guilt and drew greater scrutiny to his alibi.

Put differently, when he was not worried about any criminal charges, what would he have to lose by telling law enforcement that he was in a different place from where he would have needed to be to perpetrate the crime?

Defendant continues to deny involvement in the attack

Further, the Post learned that the prosecution noted that the defendant only produced an alibi once he knew what the final narrative of the prosecution against him would be as the indictment was about to be filed.

The defendant continues to deny any involvement in the attack, although the sentencing summary said he expressed sorrow over Rabi’s death.

His family and the Honenu legal-aid organization said they would appeal both the conviction and sentence to the Supreme Court.

His lawyers, Ariel Atari and Adi Keidar, called the conviction wrongful and said Brody’s detailed dissent gave them a “high chance” of persuading the Supreme Court to overturn the majority ruling and acquit him.

The court said the defendant’s age was the central consideration in his favor. It also gave significant weight to the rehabilitation process he had undergone during the seven years since the attack, including treatment, his decision to live in a different environment and the positive impression he made on the probation service.

The judges nevertheless described the attack as cruel, stressing that Rabi was killed in front of her husband and young daughter and that the rock could also have killed the other occupants or caused the driver to lose control of the car.

They also found that its nationalist character made the offense more serious and that attacks of this kind risked increasing violence between Israelis and Palestinians in the West Bank. 

Yacoub Rabi told the official responsible for preparing the family’s victim-impact report that justice, for him, would have meant his wife continuing to live with her family while the defendant pursued his own life and studied at university.

“No sum of money can compensate the Rabi family for the loss of her life,” the court said.

The Central District Attorney’s Office said, “The court sent a clear and unequivocal message today, reflecting the severity of the defendant’s actions and the grave and tragic outcome of the attack, which claimed Aysha Rabi’s life.” 

“This was an act of terrorism carried out for nationalist reasons against Rabi, a Palestinian woman traveling with her family.”

Prosecutors said that despite the defendant’s age at the time, the seriousness of the attack led them to seek a lengthy prison term, a position the court accepted.

“In our view, today’s sentence reflects the severity of – and the danger posed by – nationalist acts of terrorism of this kind,” the statement said.

This would not be the only such case of Jewish terrorists facing justice for violence against Palestinians, with the 2014 murderer of Palestinian minor Muhammad Abu Khadir, Yoseph Chaim Ben David, and the 2015 murderer of the Palestinian Dawabsheh family, Amiram Ben Uliel, both sentenced to life in jail in recent years.

In fact, one of the reasons that the Rabi case probably took longer is that the Shin Bet declined to use enhanced interrogation on the minor-defendant, after the agency’s use of such techniques on Ben Uliel almost led to a mistrial.

Elor Ben Azariah, Ben Deri, and other IDF soldiers have also been given prison time for killing Palestinians, but the conviction was still an unusual one, especially in the post-October 7 period.

This post was originally published on here. 

Following the British government’s decision to ban trade with Israeli settlements, Diaspora Affairs and Combating Antisemitism Minister Amichai Chikli has instructed ministry officials to create a proposal for the Population and Immigration Authority regarding preventing representatives and activists of British organizations that work to promote a boycott against the State of Israel from entering the country.

Among the organizations whose representatives the ministry recommended be barred from entering are Islamic Relief Worldwide, Oxfam, Save the Children, Palestine Solidarity Campaign and Palestine Action.

Chikli said that the organizations included in the proposal have for years conducted extensive anti-Israel activity in the international and British arenas, including promoting Boycott, Divestment and Sanctions (BDS) and applying diplomatic and economic pressure on Israel.

Some organizations have alleged links to Muslim Brotherhood

Additionally, some of the organizations have purported links to entities associated with the Muslim Brotherhood movement and Islamist networks in Britain and Europe, as well as connections to other designated organizations such as Hamas and the Popular Front for the Liberation of Palestine (PFLP).

Accordingly, Director-General of the Diaspora Affairs and Combating Antisemitism Ministry Avi Cohen-Skali recommended to the Population and Immigration Authority that it prevent the entry of these groups into Israel.

Diaspora Affairs Minister Amichai Chikli attends a conference against antisemitism in Jerusalem, January 26, 2026.  (credit: CHAIM GOLDBERG/FLASH90)

Taken together, their activities, and particularly their efforts to promote measures against the State of Israel, warrant consideration of preventing their representatives and activists from entering Israel, Chikli added.

Following the coordinated announcement yesterday that Canada, the UK and 10 European countries including France are imposing trade bans and economic sanctions on Israel, Foreign Minister Gideon Sa’ar imposed retaliatory measures.

These include shutting down the United Kingdom’s consulate in east Jerusalem, the expulsion of British representatives at the Kiryat Gat Civil-Military Coordination Center (CMCC) and the termination of UK forces’ training of Palestinian Authority (PA) security forces in Ramallah.

Furthermore, Sa’ar banned the entry of 12 British elected representatives and other British nationals: MPs Jeremy Corbyn, Zarah Sultana, Naz Shah, Diane Abbott, Hannah Spencer, Carla Denyer, Sian Berry, Ellie Chowns, John McDonnell, Richard Burgon and Adrian Ramsay, as well as Riverway to the Sea director Fahad Ansari.

This post was originally published on here. 

Palestinians are increasingly questioning the effectiveness of “armed resistance” in achieving their national ambitions, with only 13.3% now viewing violence as the most useful way to achieve those goals, according to a new poll conducted by the Jerusalem Media and Communications Center (JMCC) – founded in 1988 by Palestinian journalists and researchers – in cooperation with the Friedrich Ebert Foundation.

The survey, which collected responses from 1,200 Palestinians in the West Bank and the Gaza Strip between August 20 and 25, found that 15.7% of respondents in the West Bank and 9.7% in Gaza viewed “armed resistance” as the most effective way to achieve Palestinian national goals, a significant decline from 2023, when 37.1% of respondents said it was the most effective tool.

More than half of Palestinians (55.8%) now view the best approach to achieve their national goals to be peaceful negotiations, a significant increase from 2023, when only 28% said the same.

Demonstrating this shift in attitudes, the percentage of Palestinians who said they believed the October 7 attack served Palestinian national interests fell to 15.7% in August, down from 30.9% in September 2025 and 45% in September 2024.

A slight majority of Palestinians in the West Bank (50.1%) and a sizable number of Gazans (35.2%) said that Hamas’s invasions had hurt the national interests.

Support for a two-state solution to end the Israeli-Palestinian conflict has also grown compared to previous surveys. Nearly half of the respondents (47.9%) said they preferred two states over the alternatives, a significant jump from the 27.3% who answered the same in September 2023. Likewise, the percentage of those who would prefer to establish a single Palestinian state, removing Israel, declined to 18.6% from 24.7% in September 2023.

Palestinians chant and wave Palestinian flags and pictures of the late president Yasser Arafat and Mahmoud Abbas during a rally in the West Bank city of Nablus, September 23, 2025 (credit: NASSER ISHTAYEH/FLASH90)

Only 28.8% of Palestinians in the West Bank expect the Palestinian Legislative Council elections to go ahead in November, while more than a third (35.5%) believe they will be postponed, and 22.4% expect the elections to be canceled altogether.

Most believe elections will happen at some point

Though most respondents appear to believe the elections will happen at some point, even if not on the date announced by Palestinian Authority President Mahmoud Abbas, fewer than half (46.8%) said the process would improve the situation for Palestinians. A nearly equal portion of respondents (46.4%) said the elections would either worsen the situation or have no impact.

Trust in political parties remains relatively low, appearing to explain Palestinians’ pessimistic view of the elections. Only 55% said that they trusted an existing organization, with major camps notably seeing a decline in support over the past four years.

The percentage of respondents in the West Bank and Gaza who trusted Hamas fell from the 12% recorded in the July 2022 survey to only 6.7% in August. Likewise, trust in Fatah has declined from 28.8% to 22.3%.

The support Hamas amassed following the October 7 attack has since sharply declined, with 18.7% of respondents in the West Bank saying they trusted the Islamist group in October 2023, compared with only 4.5% in the latest poll conducted in August 2026.

Though several experts have suggested that Abbas is under pressure to postpone the elections over fears that Hamas could win a majority of seats, the poll found that Fatah remains more popular than Hamas.

Some 27.5% of respondents said they would vote for Fatah, including 23.5% in the West Bank and 33.4% in Gaza, while only 7.6% said they would vote for Hamas, including 5.6% in the West Bank and 10.5% in the Strip.

Public trust in Abbas remains low

If the poll is representative of Palestinian attitudes, Fatah could expect to emerge victorious in the elections, yet trust in Abbas remains low, at only 6.9%.

In direct contradiction with data gathered by the Palestinian Center for Policy and Survey Research, JMCC’s poll found that trust in Marwan Barghouti stands at only 6.3%. Barghouti is currently serving five consecutive life sentences plus 40 years after being convicted by an Israeli court on charges including five counts of murder and attempted murder during the Second Intifada. He has long been considered a favorite for the Palestinian presidency.

Barghouti and his family have maintained that he was not involved in planning the attacks for which he was convicted, while he has expressed support for a two-state solution.

However, questions remain over the direction in which the imprisoned Fatah leader could take the PA from behind bars.

There is also growing support for Mohammed Dahlan, a former Fatah leader based in the UAE who has held talks with Hamas in recent months, while pushing for a more unified Palestinian leadership that includes all factions. Trust in Dahlan stood at only 2.7% in 2023 but has risen to 5.8% as of August.

His growing support comes after he helped facilitate millions of dollars in UAE aid to Gaza, which likely contributed to his increased standing among Palestinians.

Though the issue of settler violence has become increasingly discussed by international media, respondents prioritized the issue of Israelis living in the West Bank well below ending the war in Gaza (50.1%), improving the Palestinian economy (16.9%), rebuilding Gaza (13.4%), and achieving national unity (8.9%).

Only 7% said that confronting settlement activity should be the number one priority for Palestinians.

Though not the number one priority for those polled, 70.6% said that residents of West Bank villages do not receive sufficient support from Palestinian society when they are exposed to settler violence, and 77.9% said the PA specifically does not provide adequate support.

The Palestinian economy has struggled in recent years. Israel has withheld PA clearance revenues in response to its continued pay-for-slay policy for Palestinians convicted of carrying out attacks against Israel, and some 100,000 Palestinian workers lost access to jobs in Israel following Hamas’s October 7 attack.

Combined with the regional insecurity that has severely affected tourism, financial pressures have forced the PA to make significant cuts to public services, with schools operating only three days a week and civil servants receiving only a fraction of their salaries.

The financial crisis has led 39.6% of those polled to believe that the PA will collapse. And 58.1% said they believed that Israel was deliberately maintaining a weakened version of the PA.

Nearly a quarter (23%) said they believed that it would be better if the PA were dissolved, while 69.4% said it was important that it remain in place.

This post was originally published on here. 

Eyal Giler, a defendant in the 2025 Jerusalem garbage bin fire case, has sent Sara Netanyahu a pre-suit warning demanding an apology and NIS 100,000 over remarks in which she said those responsible for the fires intended to kill her family.

The fires were set on September 3, 2025, during a protest calling for the release of the hostages. Prosecutors allege that Giler and three other defendants planned fires at six locations near the prime minister’s private residence in Jerusalem’s Rehavia neighborhood. Ultimately, they set five garbage bins alight.

‘The intention was, really, to kill’

In an August 31 interview with Channel 14, Netanyahu described the incident as “a circle of fire around our house.”

“So everyone would perhaps choke and die,” she said. “The intention was, really, to kill.”

The letter, dated Tuesday, threatens a defamation suit of at least NIS 1 million if its demands are rejected. It is not a lawsuit, and no court has ruled that Netanyahu’s comments were defamatory.

View of a car burned after a garbage bin was set on fire by protesters demanding the release of the hostages in Gaza, near the Prime Minister’s residence in Jerusalem, September 3, 2025. (credit: Chaim Goldberg/Flash90)

Netanyahu did not name Giler in the quoted passage. His lawyers, Tali Ben-Simon and Yadin Dan Giladi, argue that viewers would have understood her remarks as referring to him because his name and photograph had previously been published in connection with the criminal case.

Letter demands that Sara Netanyahu withdraw the remarks

The letter demands that Netanyahu withdraw the remarks, publish an apology, and pay Giler NIS 100,000. His lawyers said they would seek at least NIS 1 million if she does not comply.

The indictment provides support for part of Netanyahu’s description, but not for her assertion about an intent to kill.

Prosecutors allege that Giler and three other defendants helped plan coordinated fires at six locations near the prime minister’s home during a September 3, 2025 protest calling for the release of the hostages. According to the indictment, the locations were selected to create what prosecutors themselves called a “ring of fire.”

Prosecutors say that the fires damaged vegetation and other property, nearly destroyed a vehicle, and endangered residents of a nearby building, who were evacuated.

Giler is specifically accused of pouring flammable liquid into a recycling bin, adding fuel-soaked material, and igniting it. The resulting fire allegedly damaged a stone wall and a canopy.

These allegations have not been proven, however. Giler and the other defendants are presumed innocent while the criminal proceedings remain pending.

The indictment charges the defendants with offenses including arson, malicious damage to property, damage to a vehicle, and obstruction of justice. It does not charge Giler with attempted murder or allege that he planned to kill Netanyahu or members of her family.

However, the warning letter’s suggestion that prosecutors attributed no intention to cause harm is too broad. The indictment alleges that the defendants intended to damage public property and vegetation or endanger nearby residents, or acted while recognizing such an outcome as nearly certain.

The letter is the third publicly reported pre-suit warning arising from Netanyahu’s Channel 14 interview. Democrats chairman Yair Golan and Amir

This post was originally published on here. 

Prime Minister Benjamin Netanyahu visited the Syrian border on Wednesday, where he released a statement on his commitment to defending Israel from border incursions and the defeat of Iran.

“We will not allow any terror army to establish itself on our border…. We are committed to defeating the terror regime in Iran – and we will do it,” the prime minister said, overlooking Syria from the top of Mount Hermon.

“On the eve of Rosh Hashanah, we are at the summit of the Hermon, the crown of the Hermon. Damascus is here, Lebanon is there, the Syrian Golan Heights is over there, and we control the entire area from the crown of the Hermon to the Yarmouk, and from here to the Mediterranean Sea – absolute control the likes of which have never been seen before,” Netanyahu said. 

“We will not allow any terror army to establish itself on our border, and this is one of the monumental achievements we have secured in the War of Revival,” he added.

“From these peaks, there is still work to be done – the primary job is to defeat the terror regime in Iran. We are very close to it. We know that the entire axis will ultimately collapse,” he said, before  wishing a “Happy New Year to the citizens of Israel and to our heroic soldiers who are doing the work here.”

Prime Minister Benjamin Netanyahu on the Syrian border, where he was briefed on the status of the Syrian border. (credit: PRIME MINISTER'S OFFICE SPOKESPERSON)

Netanyahu joined by Defense Minister Katz, military officials

Netanyahu was joined by Defense Minister Israel Katz and Deputy Chief of Staff Maj.-Gen. Tamir Yadai during his tour of the area, where he received an operational briefing from Northern Command Chief Maj.-Gen. Rafi Milo and 210th Division Commander Brig.-Gen. Yair Peli.

Katz spoke about tensions with Syria, saying, “We are sending a very strong and clear message to the President of Syria sitting 35 kilometers away down there in the palace in Damascus: We are here on Mount Hermon, we are in the security zone, and we are not moving from here – in order to defend against threats from any jihadist element on this side of the border and within Syria itself.”

Threats of Iran, regional proxies launching coordinated attack on Israel

These comments by the prime minister come shortly after assessments by the Israeli establishment came out, saying that Iran is reportedly preparing for a broad, coordinated attack against Israel on several simultaneous fronts in a scenario resembling an October 7-style assault.

According to the assessments, Iran is seeking to combine its forces with Hezbollah in Lebanon, Hamas in Gaza and the West Bank, the Houthis in Yemen, and pro-Iranian militias in Iraq in a single unified offensive.

Recent developments on the Syrian front

The IDF maintains a buffer zone with Syria, holding positions on Mount Hermon and the surrounding high ground, often launching patrols, searches, and raids into Syrian territory as defensive measures.

Last month, multiple incidents occured wherein the IDF struck Syrian territory.

Israel carried out strikes on the Abu al-Duhur military airfield in northwestern Syria, causing US Envoy to Iraq and Syria Tom Barrack to condemn the attacks as an unnecessary escalation that threatens regional stability.

“Israel and Syria agreed to a status quo in security matters, which Syria was on the verge of breaching by permitting Turkish troops to deploy at an airbase near Aleppo,” the Prime Minister’s office rebutted.

Additionally, on August 22, the IDF killed a terrorist who was in the “final stages” of preparing an attack against Israeli soldiers, according to the military.

On Wednesday, at least 14 people were killed, and 11 were wounded in an explosion at a weapons depot near the Syrian city of Sarmada in Idlib, according to state television.

It is not yet clear what the cause of the explosion was.

Additionally, a Syrian civilian managed to reach the vicinity of an IDF post in the southern Golan Heights. Authorities detained him and transferred him for questioning. 

Anna Barsky, Shir Perets, and Reuters contributed to this report.

This post was originally published on here. 

Israel can defeat Iran under a government led by former IDF chief of staff Gadi Eisenkot’s Yashar party, though there is still “a lot of work to do in this field,” former Mossad and Shin Bet official Dvora Sharifian Bachar, a candidate on the party’s Knesset list, told The Jerusalem Post.

Bachar’s comments came at Yashar’s Knesset slate unveiling in Rosh Ha’ayin on Monday, a day before the deadline for parties to submit their final candidate lists.

She received the 14th spot on Eisenkot’s slate, and with recent polls projecting Yashar to win around 23 seats, Bachar is well positioned to enter the next Knesset.

“Iran was the focus of my 20-year career in the Mossad,” Bachar told the Post. “I think we have a lot of work to do in this field.”

She added that she believed Israel has the capability to “win against Iran” and “bring security back” by confronting the Islamic Republic as well as its regional proxies, including the Houthis and Hezbollah.

Portrait of Yashar party member, former Shin Bet and Mossad official Dvora Sharifian Bachar, August 03, 2026. (credit: YOSSI ALONI/FLASH90)

Smuggled out of Iran by Mossad, Bachar joined the intelligence service later in life

Bachar, 44, was born in Tehran several years after the 1979 Islamic Revolution toppled Shah Mohammad Reza Pahlavi and brought Ayatollah Ruhollah Khomeini to power.

At the age of seven, the Mossad covertly smuggled her and her family out of Iran and brought them to Israel. There, despite being raised in a conservative Jewish family, she enlisted in the IDF and became a commander, eventually rising to the rank of captain.

After completing her military service, Bachar began a 22-year career in security, first serving as a field operative in Israel’s domestic intelligence service, the Shin Bet, before moving to the country’s foreign intelligence service, the Mossad.

Now on Eisenkot’s list, she believes her party is well positioned to triumph in the October elections and “make Israel great again.”

“With my colleagues, and of course with Gadi, at the head of the party, we have all the best chances to win this election,” she said.

Plans to focus on Iran, national security, and education

If elected, she added, beyond focusing on Iran and national security, she would also like to work on education.

“There is also education, which is something I love,” she said. “I’ve been working for five years now as a teacher. I teach Persian, as well as intelligence and defense, in high schools from Kiryat Shmona to Eilat.”

Following her career in Israel’s intelligence apparatus, Bachar founded the “Security and Intelligence: Iran Track,” an education program that works to prepare high school students for service in the IDF, particularly in intelligence and cyber units.

“I think that Israel’s real security is education,” she added.

Eisenkot’s Yashar party has led most recent polls and is part of the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu in the October elections.

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The Arab League Council adopted a resolution on Monday affirming solidarity with Lebanon and rejecting Iranian foreign influence and Hezbollah’s continued military activities, according to an exclusive report published by L’Orient-Le Jour on Tuesday.

The council reportedly adopted the resolution based on a draft Beirut previously submitted, affirming its full support for Lebanese independence and sovereignty.

It also expressed collective support for Beirut’s decision to establish a state monopoly over weapons and security decisions, referencing the government’s March decision to require that all weapons be held exclusively by legitimate authorities and ban Hezbollah from military activity.

Notably, the council reportedly also rejected foreign interference, particularly from Iran, which has launched numerous attacks against Arab states in recent months and attempted to condition a memorandum of understanding with Washington on a ceasefire in Lebanon.

Arab foreign ministers attend a meeting of the Arab Ministerial Committee on the situation in Jerusalem, in Amman Wednesday, 5th August 2026, 16:51 (credit: REUTERS/ALAA AL SUKHNI)

Member states will be mobilized to help Lebanon secure its territory

Calling on member states to mobilize necessary international support for the Lebanese army, L’Orient reported that efforts would be made to help Lebanon secure its territory from smuggling and terrorism.

Addressing the recent agreement with Israel, under which the IDF would withdraw from select Lebanese villages as part of a pilot program aimed at preventing Hezbollah from repositioning near the Israeli border, the council reportedly welcomed the diplomatic efforts and expressed hope that the recent moves would compel Israel to withdraw.

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Eight countries welcomed the decision by Britain to ban imports from Israeli settlements in the West Bank and impose restrictions on some services, adding that they hoped the move would mobilize other countries to take similar action.

In a joint statement, the foreign ministers of Turkey, Pakistan, Saudi Arabia, the United Arab Emirates, Qatar, Egypt, Indonesia, and Jordan also said they welcomed the joint statement by 12 countries on the need for a two-state solution to the Israeli-Palestinian conflict.

The ministers “reiterate their call for Israel to rescind all measures taken in connection with settlement activities and other measures aimed at altering the geographic and demographic character of the Occupied Palestinian Territory,” the statement said.

This is a developing story.

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The Iranian-backed Houthis attacked Saudi Arabia this week. This is being seen as the first test of the new alliance that Saudi Arabia, Turkey and Pakistan entered in August. The “Mecca Joint Defense Agreement” was intended to strengthen collective deterrence against any act of aggression, according to reports in early August, when it was first announced.

Later, a meeting in Turkey sought to create formal institutions as part of the new security agreement. The three countries created a permanent secretariat that is supposed to be in Saudi Arabia. “The move gives institutional shape to an alliance built around collective deterrence and regional responsibility. A mechanism for other countries to join the group was already underway, officials said,” MBN media reported on September 3.

Turkey’s President Recep Tayyip Erdogan spoke about the importance of the new pact when he went to the Shanghai Cooperation Organization meeting in Kyrgyzstan. He spoke about “collective deterrence.”

Now there are questions about whether Pakistan or Turkey will respond to the Houthi attacks. Both Pakistan and Turkey have been wary of any conflict with Iran. Saudi Arabia has in the past been very critical of Iran. Saudi Arabia also fought the Iran-backed Houthis since 2015. Riyadh appears now to hope that Yemen government troops can push back the Houthis and make gains. The Houthis are threatening Saudi Arabia increasingly over the last months.

Turkish MFA condemns attack in the strongest terms

Turkey’s Ministry of Foreign Affairs did condemn the Houthi attack. The statement on September 8 said that Ankara condemned in the strongest terms the attacks by the Houthis against Saudi Arabia. Turkey said it reaffirmed support for Saudi Arabia. “These attacks undermine diplomatic efforts aimed at bringing the conflict in Yemen to an end through a lasting political solution.” Ankara called on the Houthis to cease their aggressive acts. This does not sound like Turkey joining Saudi Arabia in strikes on the group.

A boy holds up a toy weapon as he joins Houthi supporters during an anti-Saudi rally amid an escalation with the kingdom, in Sanaa, Yemen, July 31, 2026.  (credit: REUTERS/KHALED ABDULLAH)

Turkey has military assets nearby because Ankara has been operating in Somalia. In fact, Turkey recently freed a crew of a ship from Somali pirates. “Turkish and Somali forces have freed the MV LUTUF after pirates hijacked the vessel off the coast of Somalia. The 10-day operation killed 14 alleged pirates and destroyed four boats used by the attackers,” DW reported in late August.

Pakistani PM condemns Houthi attack on Saudi Arabia

Pakistan’s Prime Minister Shehbaz Sharif said “I condemn in the strongest terms, the cowardly attack by Houthis targeting civilian and energy facilities in the Kingdom of Saudi Arabia, which have left many people injured.” He added that “Pakistan stands in unwavering solidarity with the Custodian of the Two Holy Mosques, His Majesty King Salman bin Abdulaziz Al Saud, His Royal Highness Crown Prince Mohammed bin Salman, and the brotherly people of Saudi Arabia.” He also noted that “such dastardly attacks threaten innocent lives as well as regional peace and security. We reaffirm our steadfast support for the Kingdom’s sovereignty, security and territorial integrity, and pray for the swift recovery of all those injured.”

Turkey Today reported that “Pakistan is likely to carry out airstrikes against Houthi forces in Yemen at Saudi Arabia’s request, according to Pakistani sources. A source noted that the attacks may take place soon and will be made public shortly afterward.” The report noted that “one of the military priorities for the Pakistani attacks would be to clear the Houthis from Saadah along with other regions, according to one Pakistani source. However, a final decision on attacking Yemen’s Houthis has not been made.”

If the alliance is able to come together in more than just words on the Houthis this will show that the regional pact has teeth. This is something that other countries, such as India, Israel and Greece may be watching. This is because the pact has regional implications. The countries may want to expand the pact. However, if it is not able to deter the Houthis then the speeches about deterrence may have been empty. 

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Families of 9/11 victims hand-delivered a petition with over 100,000 signatures to City Hall on Tuesday to demand that New York City Mayor Zohran Mamdani stay away from the upcoming 25th-anniversary commemoration at the World Trade Center site. The families held a press conference on the steps of City Hall.

The petition was launched on change.org on July 9 by 9/11 widower Giovanni Galante, whose wife Grace was murdered in the attacks. He began the petition out of concern over the mayor’s public positions, rhetoric, and associations.

Galante addressed the gathering on Tuesday, saying: “The main purpose is just that we don’t believe in what he believes in, and we really want to be left alone.”

He added, “This 25th anniversary is for our victims and us survivors to blend in and pray [on] that day for all the families, not have a circus around us.”

Monica Iken, whose husband Michael was murdered in the towers, also spoke at the podium, noting, “If the families really feel that we don’t want someone at our world-class memorial museum that’s sacred and hallowed, we feel that that person should respect our wishes.”

A person holds an image of New York City Mayor Zohran Mamdani during a rally organised by ''End Jew Hatred'' in opposition to him in New York City, US, July 26, 2026.  (credit: Adam Gray/Reuters)

It’s about Mamdani’s policies, not religion

Iken further said, “It’s nothing against the mayor – it’s just against the fact that we feel he wasn’t even here. He was 10, he wasn’t in this country, and I think he should really respect us.”

Cheri Sparacio, whose husband Tom was killed in the South Tower, emphasized the core objections of the petition: “Our petition is not about Mayor Mamdani’s religion or where he came from; it is strictly about the policies that he has today.”

Elected officials and organizational leaders also joined the families at City Hall. City Council Member Joanne Areola criticized the administration’s recent actions, noting that the mayor “does not care about 9/11 or the tragedies that took place because he surrounds himself with people who believe that America deserved what it got.”

‘I am demanding that he not show his face at that sacred ground’

City Council Member Vicky Paladino took an even stronger stance: “I am not asking politely for the mayor not to come to that ceremony. I am asking, I am demanding that he not show his face at that sacred ground.”

The press conference followed remarks made by Mamdani to ABC News on Monday, during which he affirmed his intention to be present at the solemn observances. When speaking about his plans for the anniversary, Mamdani said he wanted this week to be a “focus on the families whose loved ones were stolen from them 25 years ago in the horrific act of terror on September 11 – and a focus also on the first responders, everything they did for the city, and to the people who came together to try and help their fellow New Yorkers.”

The mayor added, “And so, in the days to come, my focus will be on attending events that memorialize that incredible courage, and I will be there on Friday at the memorial just as I was last year.”

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ARPA-H, the government agency that funds cutting-edge health research, plans to commit $62.7 million to develop artificial intelligence bots that direct treatment of heart failure. Among the goals of the program, called ADVOCATE, is to produce partially autonomous AI devices authorized by the Food and Drug Administration to help treat patients, including assessing symptom severity, prescribing drugs, and ordering lab tests. 

ARPA-H on Wednesday announced the first batch of awards to health tech companies Atman Health, UpDoc, Tempus AI, and teams from Stanford University, Duke University, and the Kaiser Permanente health system. ARPA-H may still fund additional teams. The amount committed for the first year is $33.7 million, and the remainder may be renegotiated up or down. 

Many of the 6.7 million Americans with heart failure don’t get optimal treatment because of difficulty accessing specialists, and the hope is that AI agents developed with ARPA-H funding can help address the gap, especially in rural and other underserved settings.

Continue to STAT+ to read the full story…

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It’s the second wave of layoffs at the nonprofit this year. Trinity said financial pressures and increasingly complex technology requirements were driving it to outsource some tech roles.

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The United States is banning the import of some dairy products and motorcycles from Canada along with most alcoholic beverages, the White House said Tuesday, as part of a trade war that shows little sign of cooling off.

The ban will take effect Sept. 29 and comes after retaliatory tariffs promised by Canada kicked in earlier Tuesday on $20 billion in U.S. imports. Canada had responded to tariff moves by U.S. President Donald Trump after trade talks between the countries broke down last month.

Trump also moved to shut Canadian products out of large, long-term U.S. government contracts and directed the U.S. General Services Administration to declare Canadian products ineligible for those contracts until Canada allows “full and fair reciprocity″ for American products.

Canadian Prime Minister Mark Carney said Canada’s strategy was about becoming more independent and vowed to speed those efforts. “It’s about ensuring that no country can hold us hostage. And that we can live how we want to live,” he said.

The rupture has upended one of the world’s closest relationships. On Aug. 22, the U.S. imposed 50% tariffs on about 5% of Canadian imports, charging that Canada had unfairly treated the American dairy, alcoholic beverage and auto industries.

The U.S. and Canada have long sparred over trade, particularly Canada’s protected dairy market and its subsidies for producers of softwood lumber. But they remained friends and staunch allies.

Under Trump, U.S.-Canada relations have deteriorated rapidly. In addition to imposing tariffs on Canadian products, Trump has repeatedly made inflammatory comments about making Canada the 51st U.S. state. Carney came to power in a come-from-behind political victory last year by promising to stand up to him.

Some Canadian provinces have banned the sale of U.S. alcoholic products — a move that prompted the retaliatory U.S. ban on Tuesday on various Canadian wines and spirits. Also subject to the ban are some motorcycles and mopeds, dairy products, including whey, and various types of molasses.

Canada is exploring ties with the European Union that could stop just short of membership, a Canadian official familiar with the discussions said.

Options could include expanding existing agreements, negotiating a new treaty or creating other forms of cooperation. The official said Canada is already consulting provinces, territories and labor groups about what a deeper relationship with the EU could look like, but no model has been chosen.

The official spoke on condition of anonymity because they were not authorized to discuss the talks publicly.

Carney is due in Strasbourg, France, next week, where he will attend European Commission President Ursula von der Leyen’s State of the European Union address Sept. 16 and address the European Parliament the following day.

Canada looks beyond the US

Carney acknowledged the trade actions would cause short-term pain but said they would push Canada to move faster on investment, infrastructure and trade diversification.

“It was easy business, but it meant we relied too much on one economic partner,” he said. “That time is over.”

More than 70% of Canadian exports still go to the United States, underscoring the scale of Carney’s push to diversify trade. He said Canada’s exports to other countries are rising sharply and are on track to double over the next decade.

Canada retaliates as Trump responds

Carney defended the retaliation, saying Canada could not let American goods enter tariff-free while Canadian companies face U.S. tariffs.

Canada was not seeking to escalate the confrontation, he said, but the tariffs were necessary to protect Canadian workers.

Carney said the larger problem was what Washington had sought in the failed negotiations.

“The most fundamental issue is that the cumulative U.S. demands revealed that they wanted us to become even more reliant on them, not less,” he said. “In too many areas, they wanted dependency, not a true economic partnership.”

The prime minister said Washington sought limits on French-language and cultural protections, influence over future trade deals and terms that would weaken the auto, steel and forestry sectors.

How the trade war ends could carry consequences far beyond Canada, testing whether a smaller U.S. ally can resist Trump’s economic pressure without being forced to yield.

Earlier on Tuesday, a Canadian official said Ottawa did not intend to change course regardless of whether Trump responded with nothing or what the official called a “nuclear response.” The government’s strategy will remain focused on building more at home and diversifying trade abroad, the official said.

The tariffs hit hundreds of American products, including steel, aluminum, cheese, appliances, clothing, cosmetics and farm equipment, at rates of 15%, 25% or 50%. They cover about $20 billion in American goods, roughly 6% of the $333.6 billion the United States exported to Canada last year.

Since Canada-U.S. trade talks collapsed Aug. 21, Trump and his administration have imposed additional tariffs and issued a series of threats and attacks portraying Canada as weak and dependent.

Trump’s trade war and repeated talk of making Canada the 51st state have fueled anger across the country. Canadians have sharply cut travel to the United States and boycotted U.S. goods, moves Carney praised as signs of national resolve.

British Columbia Premier David Eby said the province will install new signs at U.S. border crossings reading: “Welcome to British Columbia, Canada. Strong, proud and will NEVER be the 51st state. Sorry!”

“While our kindness is one of our greatest strengths, you should never, ever mistake that kindness for weakness,” Eby said.

Neither side is rushing back to the table

Canada-U.S. Trade Minister Dominic LeBlanc said the government was assessing the latest U.S. tariff measures and that he remained in contact with U.S. Trade Representative Jamieson Greer, adding that Canada was ready to engage when Washington was.

The senior Trump administration official who briefed reporters during a conference call late Tuesday that was arranged by the White House said U.S. and Canadian trade representatives have had “constructive conversations” and would speak again in coming days to see if there’s a “path forward.”

Former U.S. trade official Wendy Cutler said Carney’s public approval rating, now topping 70%, gives him little reason to restart talks.

“Clearly, at this point each side does not want to look too anxious to reengage in fear of looking weak,” she said.

___

Wiseman reported from Washington. Associated Press writer Darlene Superville in Washington contributed to this report.

This story was originally featured on Fortune.com

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