WASHINGTON — The Supreme Court sided with the maker of Roundup weedkiller Thursday in a ruling expected to block thousands of lawsuits alleging it failed to warn people the product could cause cancer.

The case came before the justices after a tidal wave of litigation that included some multibillion-dollar verdicts against the global agrochemical manufacturer Bayer, a Germany-based company that acquired Roundup when it bought its original producer Monsanto in 2018.

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WASHINGTON — The chair of the Senate health committee introduced a bill to restrict a federal drug discount program known as 340B that has been lucrative for nonprofit hospitals.

The bill by Sen. Bill Cassidy (R-La.) comes as hospitals face attacks on their bottom lines, especially in Medicaid. The tax bill that Republicans passed last summer significantly decreased the federal government’s share of Medicaid costs and is expected to reduce the number of people on Medicaid. Hospitals also face the prospect of legislation that would lower hospital payments to levels charged by doctor offices, an idea known as site-neutral payments. 

The so-called 340B program also has received scrutiny, and it could be a target for lowering health care spending in future legislation. Cassidy has been looking into the 340B program for years, including an investigation into the company that contracts with the government to be the program’s vendor and a hearing last October.

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Qualia has expanded its wire fraud prevention platform, Qualia Shield, adding new automated verification capabilities designed to help title and escrow companies identify potential fraud during real estate transactions.

Shield is integrated into the Qualia title and escrow operating system and automatically performs risk assessments whenever wire instructions are added or modified during a transaction, leaders said.

Expanded features include evaluation of all wire types, including commission payments, agent disbursements and other transaction-related wires.

It also verifies bank account ownership using bank ownership records and cross-checks identity information against public records to identify discrepancies involving names, addresses, Social Security numbers and dates of birth.

“We’ve seen the wire fraud threat evolve from opportunistic to industrialized,” said Nate Baker, CEO and co-founder of Qualia. “Criminal networks have built operations specifically to target the real estate closing process. They know the pressure points. They know when teams are rushed. And they’ve become very good at exploiting the gaps that exist between disconnected systems. The only way to close those gaps is to make protection automatic and native to where the work happens.”

Additional updates include artificial intelligence-powered name matching intended to reduce false-positive identity mismatches by recognizing common variations such as initials, suffixes and hyphenated names.

Transactions that receive a low-risk assessment may qualify for up to $2 million in wire fraud insurance coverage backed by Lloyd’s of London, Qualia said. The company added that approximately 99% of transactions processed through its platform fall below that coverage threshold.

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

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CoStar Group stockholders approved all proposals at the company’s annual meeting on Tuesday, including the reelection of eight director nominees and an advisory vote on a redesigned executive compensation plan, the company said in an announcement on Thursday.

The vote gives CoStar leadership a governance green light as it pursues a strategy that pairs revenue growth with a renewed focus on EBITDA margin expansion. Additionally, the vote came after an activist investor campaign called for a complete overhaul of the board and the possible removal of Andy Florance as CEO.

According to preliminary results disclosed by CoStar, investors supported each director candidate with more than 93% of votes cast. The directors returning to the board include Florance, Louise Sams, John Berisford, Angelique Brunner, Rachel Glaser, John Hill, Christine McCarthy and Robert Musslewhite. 

Earlier this year, CoStar’s board, which includes three new directors, unanimously approved a plan to “deliver revenue growth and prioritize EBITDA margin expansion,” CEO Andy Florance said in the announcement. The company then held in-person meetings with more than 500 stockholders to outline its strategy and long-term objectives.

“The overwhelming stockholder support for our directors reflects their confidence in our strategy and the considerable opportunities ahead for CoStar Group,” Florance said in a statement.

Say-on-pay support follows comp overhaul

Stockholders also approved the nonbinding advisory vote on pay for CoStar’s named executive officers, with 71.38% of votes cast in favor, the company reported.

That approval follows a multi-year engagement campaign targeting the company’s largest investors. In 2025, the board chair and compensation committee chair met with the firm’s top 50 stockholders, representing 77% of outstanding shares, to discuss governance and executive compensation.

These discussions resulted in a board approved, redesigned 2026 executive compensation program that CoStar said includes things like more rigorous, quantitative performance goals, greater transparency around metrics and payouts and a simplified structure intended to align pay more tightly with long-term stockholder value.

Activist investor push

In January, CoStar provided investors with an update on financial and corporate governance initiatives for 2026, much of which they said was the result of a “robust review” of the company by the Capital Allocation Committee. While the update painted a fairly rosy picture for the firm as a whole in 2026, with estimated 18% year-over-year revenue growth to between $3.78 and $3.82 billion and a net income of $175 million to $215 million for the year, things did not look quite as strong for CoStar’s Homes.com

Although Homes.com has recorded a 337% increase in subscribers since Q1 2024, according to CoStar, the firm said it does not expect Homes.com to attain positive adjusted EBITDA until 2030. 

In late January and early February, activist investors D.E. Shaw and Third Point pushed back on CoStar’s Homes.com timeline calling on CoStar to divest or shutdown Homes.com. In April, Third Point sold its shares of CoStar ending its activist investor push. 

CoStar has indicated that it is firmly against divesting or shutting down Homes.com. During Q1 2026, CoStar reported a 23% annual jump in revenue to $897 million and a 49% increase in adjusted net income to $94 million. Additionally, the company said Homes.com revenue grew 58% to $26 million in the first quarter, with agent subscribers surging to 35,175. Overall residential revenue for the quarter reached $425 million, up 32% year-over-year.

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

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As Silicon Valley debates whether artificial intelligence will eliminate millions of office jobs, the executive who runs Amazon’s cloud business pushed back hard this week. Matt Garman, the CEO of Amazon Web Services (AWS), said on the Platformer podcast, released Tuesday, June 23, that predictions of mass white-collar job losses don’t hold up — and pointed to Amazon’s own hiring as proof.

The company plans to bring on roughly 11,000 interns and early-career employees globally this year, Garman said, and Amazon now employs more software developers than it did two years ago, even as AI coding tools have grown far more capable. That hiring, he argued, reflects a simple belief: AI will change jobs, not erase them.

Garman was responding directly to a widely discussed warning from Anthropic CEO Dario Amodei, who has predicted that AI could wipe out up to half of entry-level white-collar jobs within five years. Garman said he sees the technology differently. “Wipe out” and “change” are not the same thing, he argued, comparing the moment to the spread of spreadsheet software decades ago. Programs like Microsoft Excel eliminated the work of people who calculated figures by hand, but those workers learned new tools and found new roles. New technology, he said, has historically created jobs even as it has eliminated others.

He also made a practical case for hiring young workers. Entry-level employees are a company’s least expensive hires, Garman noted, and they haven’t picked up bad habits, are eager to learn new tools, and bring fresh energy and ideas that established teams often lack. Garman has a personal stake in the argument — he joined Amazon as an intern himself before spending nearly two decades climbing to the top of its most profitable division.

The optimism comes with real complications. Amazon has cut thousands of corporate jobs over the past year, and CEO Andy Jassy has said AI-driven efficiency will eventually shrink parts of the company’s white-collar workforce. Amazon is also in the business of selling AI tools that perform office work — including software agents for coding, cybersecurity and customer service, as well as an AI system capable of conducting job interviews without human involvement. That makes its cloud chief’s confidence about the future of human workers all the more notable.

Garman isn’t alone among executives defending entry-level hiring. Cognizant CEO Ravi Kumar recently said his company hired 20,000 entry-level graduates in 2025 and expects to expand that number, dismissing what he called “fearmongering” about a collapse in white-collar employment. IBM has also said it plans to significantly increase entry-level hiring after concluding that relying too heavily on AI-driven cost cutting is not a sustainable way to build a future talent pipeline.

The disagreement matters far beyond the technology sector. For millions of students and recent graduates entering a labor market being reshaped by AI, the question of whether companies will continue hiring at the bottom rung is deeply personal. If businesses stop training young workers today, they may find themselves without experienced professionals tomorrow — a point Garman and several other executives have repeatedly emphasized.

The middle ground may be that both sides are partly right. Garman himself acknowledged that the nature of office work is changing rapidly. He recently told employees that what their jobs looked like two years ago is dramatically different from what they will look like two years from now. Routine administrative work is increasingly being automated, while the most valuable employees are becoming those who can learn quickly, adapt to new technology, think critically and use AI as a productivity tool rather than view it as a replacement.

The debate also reflects a broader question facing employers worldwide. Companies are investing billions of dollars in AI to improve efficiency, reduce repetitive work and accelerate software development. At the same time, they continue competing aggressively for highly skilled engineers, data scientists, cybersecurity professionals and business leaders who know how to deploy those technologies effectively. Rather than eliminating talent, many executives believe AI is simply changing which skills command the highest value.

For employees, that means technical literacy is becoming increasingly important regardless of profession. Understanding how to work alongside AI tools is rapidly becoming as fundamental as learning email, spreadsheets and presentation software were for previous generations. Workers who embrace those tools may find themselves becoming more productive and valuable, while those who resist the transition risk falling behind as workplaces evolve.

For now, Amazon’s message to young workers was intended to be reassuring: the jobs are not disappearing, even if they are being fundamentally rewired. Whether the broader economy ultimately follows that path — or whether corporate efficiency efforts lead to a more dramatic restructuring of office work — is likely to become one of the defining labor-market questions of the AI era.

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CENTCOM Commander Adm. Brad Cooper will be visiting Israel to meet with IDF Chief of Staff Lt.-Gen. Eyal Zamir in the coming days, though the exact date is still not public. Due to security concerns, the IDF and the US military often publicize Cooper’s visits to Israel only after they occur.

They will be meeting as Israel and the US meet in one context, and Iran, Pakistan, Qatar, Lebanon, and the US, led by other diplomatic envoys, will meet in another context, negotiating over the terms of the Lebanon ceasefire, as well as the IDF’s withdrawal from parts of southern Lebanon.

Israeli officials are likely to try to use the opportunity to draft Cooper to help them make their case before other top US officials.

However, a US official suggested that Cooper’s visit is primarily to visit US forces in the area and to more broadly touch base with Israeli officials on military issues, as he does from time to time. 

That said, US officials would not deny that issues related to Israel and Lebanon will arise, but they would, in the same breath, emphasize that many aspects of those decisions reside more in the political and policymaker arena.

In recent days, the IDF has fired on Hezbollah twice a day on average when Hezbollah operatives have approached IDF positions, particularly near the Ali al-Taher Ridge, one of Israel’s deepest infiltrations into Lebanon.

However, besides those low-grade, limited flare-ups, both sides have generally respected the ceasefire since Saturday-Sunday.

The IDF could begin to withdraw from parts of southern Lebanon

Israel and the IDF are offering very modest withdrawals, possibly from places like Tibnin and the Ali Taher Ridge, which the IDF only took over last week. According to the IDF concept, it would withdraw from some of the newest areas it has taken over to test whether the Lebanese army will properly clean out Hezbollah from those areas.

Some Israeli officials are trying to draw a distinction between withdrawing from areas where Hezbollah would have a direct line of sight to fire on Israeli northern villages and areas where there would be no such direct line of sight.

However, the Lebanese government and Hezbollah, while disagreeing on many issues, are both pushing for a faster and wider withdrawal.

There are multiple withdrawal line options, and Cooper is likely to hone in on what Israel’s true apolitical security needs are, versus some of the populist, more political rhetoric.

Withdrawal to lines that serve Israeli security, not politics

Until May 26, Israel had not crossed over the Litani River or the Wadi Saluki area, and the IDF could initially withdraw to that prior line.

Next, there are at least three lines of Lebanese villages in southern Lebanon that the IDF has overrun, and it could withdraw to any of those lines. For example, in the fall of 2024, most IDF forces had only advanced to the first line of villages.

This could involve retreating from 10 kilometers or more into southern Lebanon back to three to five kilometers.

Eventually, the IDF might even withdraw to its five outposts, which were only several hundred meters into southern Lebanon, and which it retreated to in February 2025.

Yet, given that the IDF took four months to withdraw in that round of fighting, it is expected that any IDF withdrawals would first test Hezbollah’s continued ceasefire compliance, as well as the Lebanese army’s willingness to confront and remove Hezbollah fighters and infrastructure from the south of the country.

Negotiations will focus on managing controversial incidents

Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz have given the impression that the IDF would remain in parts of southern Lebanon for many months, or even years, to press Hezbollah to disarm.

The sides are also negotiating how to manage controversial incidents that might undermine the ceasefire.

On one hand, there is a deconfliction mechanism involving Iran, the US, Lebanon, Pakistan, and Qatar, but not Israel.

On the other hand, there is heavy direct Israel-US coordination on these issues, and it is expected that there will be intense negotiation between Jerusalem, Washington, and the Lebanese government regarding them.

Prior to the most recent war, US Lt.-Gen. Joseph Clearfield was the main coordinator with Israel and Lebanon on such issues, with support from around 30 other American military officials.

CENTCOM was unsure at press time about whether Clearfield and the 30 officials would return to the same role or whether the roles would shift in some way.

Israel isn’t confident that the Lebanese army can control Hezbollah

The IDF was highly skeptical that the Lebanese army would have staying power in holding back Hezbollah, given recent history. For months in late 2024, the IDF complained that the Lebanese army was afraid of Hezbollah and not nearly aggressive enough in handling issues and complaints, which Israel brought to its attention regarding the terror group’s ceasefire violations.

Then, by April 2025, the IDF told The Jerusalem Post that the Lebanese army had improved and acted on 500 separate complaints by Israel against Hezbollah.

However, already by July 2025, the IDF said that the Lebanese army had plateaued and was sinking in its resolve to confront Hezbollah.

Part of the issue is systemic since a large portion of the army is Shi’ite and sympathizes with Hezbollah as the leading force for its tribe when competing with Lebanon’s Sunni and Christian groups.

Another systemic issue is that Hezbollah is still simply better armed and viewed as more determined to fight than the Lebanese army.

Defense Minister Israel Katz is also expected to be included in the meetings with Cooper, but given his lack of senior military command background, Zamir has by far taken the lead on military tactical decisions in these types of meetings.

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While their homebuyer commission lawsuit settlement agreements are still waiting for final approval, both HomeServices of America and Douglas Elliman notched legal wins this week in the homebuyer commission litigation saga. 

In a ruling Tuesday, Florida-based District Court Judge K. Michael Moore denied the Lutz plaintiffs’ preliminary injunction motion seeking to prevent HomeServices of America and Douglas Elliman from proceeding with the homebuyer commission lawsuit settlements they negotiated via Tuccori lawsuit’s opt-in settlement function. 

In their motion, the Lutz plaintiffs called the settlements a “reverse auction,” claiming that the defendants “picked a plaintiff with weaker claims and weaker counsel in an effort to negotiate a more favorable settlement,” and noting that the opt-in settlements came after the court overseeing the Lutz lawsuit denied most of the defendants’ motion to dismiss the Lutz lawsuit.

“These plaintiffs never sued the Defendants, but are now selling Defendants a release of Plaintiffs’ claims here in exchange for fees. Defendants bought this release from plaintiffs who not only did not sue them, but could not without their consent, given Defendants’ professed lack of personal jurisdiction over them in Illinois,” the filing stated.

In the ruling, Judge Moore wrote that the court found that the plaintiffs “would not be irreparably harmed without a preliminary injunction,” especially given that mechanisms for them to challenge the settlement before the Tuccori court exist. 

“Plaintiffs’ argument is based on speculative harm, which is not sufficient on a motion for preliminary injunction.” 

Lutz suit stayed

In addition to this ruling, Judge Moore also granted the defendants’ motion to stay the case until the Tuccori court issues a final decision on whether to approve the defendants’ opt-in settlement agreements, which would settle all nationwide homebuyer commission lawsuit claims. 

In the ruling, the judge noted that in the Tuccori court’s preliminary approval of the settlements, members of the settlement class were “temporarily enjoined from filing, commencing, prosecuting, intervening in, or pursuing as a plaintiff or class member, against any Settling Defendant, Opt-In Settlor, or Released Party, any Released Claims.” 

“To avoid forcing Plaintiffs to choose between complying with this Court’s orders and with the Tuccori Court’s order, this Court finds that a stay of this case in its entirety is appropriate,” Judge Moore wrote in the ruling. 

In addition to these two rulings, Judge Moore also instructed the clerk of the court to “administratively close” the case.

A final approval hearing for the Tuccori settlements is scheduled for late July.

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From the outside, the free-standing home at 85 Westminster Road in Flatbush is a confection of colonnades and turrets, with a wide porch at one side. And unlike many Brooklyn townhouses, this one, built in 1908, has interiors that highlight the decorative aesthetic of the era. Asking $3,950,000, this landmarked three-story home, within the Prospect Park South Historic District, and the enchanting grounds that surround it, offer the sensibility of a country estate with the ease of modern townhouse living in the city.

Mechanical upgrades ensure 21st-century functionality and comfort. Upgrades include electrical and plumbing systems, central and split system air conditioning in the bedrooms, comprehensive moisture/flood prevention, a reverse osmosis drinking water system, upgrades in the kitchen and baths, and a fully upgraded basement.

The plush elegance of the home’s interior decor represents a significant creative change from the last time 6sqft featured the home, which was on the market for $2.4 million in 2018.

The addition of silkscreened wall coverings, decadent chandeliers, and a sophisticated color palette complements the home’s well-preserved architecture. There are three distinct living rooms on the ground floor. All have original woodwork and fireplaces.

A spacious, colorful eat-in kitchen is a thoroughly charming gathering spot, done in a modern English country style. Anchored by a Garland stove, design details include William Morris wallpaper and cabinets painted in Farrow and Ball Calke Green.

Beneath a massive, yet delicate, crystal chandelier, the dining room walls wear a De Gournay-style hand-painted chinoiserie mural. Original woodwork is painted to continue the color from the adjacent kitchen.

Through a glass door, a bluestone patio offers a true oasis. For additional outdoor enjoyment, a 700-square-foot porch becomes a private, trellised “outdoor room.”

Seven large bedrooms enjoy the same creative treatment, with sophisticated wall coverings highlighting fireplaces and other original features.

One large third-floor bedroom is used as a studio suite. Renovated baths have vintage fixtures and clean, colorful design additions.

Surrounding the home, a colorful English cottage garden landscape continues the “country estate in the city” effect. The gardens have been professionally designed as a series of small “rooms.”

Here you’ll find over 65 types of roses surrounded by lilacs, wisterias, hydrangeas, elderflower, evergreens, all-season perennials, and flowering bulbs. More than merely beautiful, the property’s trees bear a cornucopia of fruit, including apples, pears, figs, and raspberries. The surrounding gardens are easily maintained with a comprehensive irrigation system.

[Listing details: 85 Westminster Road at CityRealty]

[At The Corcoran Group by Catherine Witherwax]

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The post This $4M Flatbush townhouse stays true to its Victorian roots first appeared on 6sqft.

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Two of Google’s leading artificial-intelligence researchers, Jonas Adler and Alexander Pritzel, are planning to leave for rival Anthropic, according to people familiar with the matter — extending a string of high-profile departures that is rattling investors and raising questions about whether the search giant can hold onto the talent behind its AI push.

Both men are viewed inside Alphabet’s Google as key contributors to Gemini, the company’s flagship AI model. Adler worked on Google’s AI coding effort, an area where the company has acknowledged it trails rivals, while Pritzel was involved in training AI systems. Their move to Anthropic, the maker of the Claude chatbot, would deepen a talent drain that has unfolded with unusual speed.

To grasp why two engineers leaving can move markets, consider what came just before. In recent days, Google lost Noam Shazeer, a vice president of engineering and co-lead of Gemini, to OpenAI, and Nobel laureate John Jumper, who led the AlphaFold protein-folding project at Google DeepMind, to Anthropic.

Shazeer is a co-author of the landmark 2017 research paper Attention Is All You Need, which introduced the architecture underpinning nearly every modern AI system. Jumper shared the 2024 Nobel Prize in Chemistry. When researchers of that stature walk out the door within the same week, it reads as a signal about where some of the industry’s most exciting work may be happening.

Wall Street noticed.

Alphabet shares recently suffered one of their sharpest declines in months as investors weighed the implications of Google’s growing talent-retention challenge. The concern is not simply that employees are leaving. It is who is leaving.

Artificial intelligence has become an industry where a handful of elite researchers can influence billions of dollars in corporate value. A breakthrough in reasoning, coding, scientific discovery, or model efficiency can alter the competitive landscape almost overnight.

Anthropic and OpenAI have become particularly attractive destinations because they combine cutting-edge research with the potential financial upside of future public offerings. For researchers who already have successful careers, joining a rapidly growing AI startup offers both professional influence and the possibility of significant wealth creation.

Money, however, is only part of the story.

Several reports have pointed to internal frustrations over computing resources and project priorities inside major AI organizations. Training frontier AI systems requires massive amounts of computing power, and competition for those resources has become intense.

Google remains one of the most powerful AI companies in the world. It pioneered many of the foundational technologies that underpin today’s AI revolution, operates one of the world’s largest cloud-computing infrastructures, designs custom AI chips, and continues investing billions into research and development.

Yet the company has openly acknowledged areas where rivals have moved faster.

Chief Executive Sundar Pichai recently noted that Google remains behind competitors in some AI coding applications — one of the hottest segments of the market. Anthropic’s Claude and OpenAI’s ChatGPT have gained strong traction among software developers, startups, and enterprise customers seeking AI-powered coding assistants.

That reality makes Adler’s reported departure especially significant given his work in coding-focused AI systems.

The competitive landscape continues evolving rapidly.

OpenAI maintains a close partnership with Microsoft. Anthropic has established itself as a leading enterprise-focused AI provider with growing adoption among corporate customers. Google, meanwhile, is leveraging its enormous scale through Search, YouTube, Android, Workspace, and Cloud.

The question is not whether Google remains an AI leader.

The question investors increasingly ask is whether the industry’s most sought-after researchers view Google as the best place to build the future.

Every departure adds another data point.

Every high-profile move strengthens the perception that competition for AI talent may be becoming just as important as competition for customers.

For Google, retaining its brightest minds may prove to be one of the defining challenges of the next phase of the AI race.

JBizNews Desk | New York
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Treasury Secretary Scott Bessent is making a bold economic argument: America’s prosperity should be shared more broadly by getting more citizens invested directly in the stock market.

During a wide-ranging television interview, Bessent outlined what he described as one of the administration’s long-term economic goals — expanding market participation among households that currently own little or no stock.

The concern stems from a significant wealth gap in investment ownership.

According to various estimates, approximately 38% of American households have no direct exposure to the stock market. That means millions of families miss out on the long-term wealth creation generated by rising corporate profits, dividends, and capital appreciation.

Bessent argues that expanding ownership is one of the most effective ways to strengthen financial security over time.

At the center of that effort is the administration’s proposed Trump Accounts initiative, which would provide newborn children with an initial $1,000 government-funded investment account, supplemented by additional private-sector contributions.

Supporters believe such accounts could help create a generation of Americans with earlier exposure to investing and long-term wealth building.

The Treasury Secretary framed the proposal as part of a broader vision of encouraging ownership throughout society.

His argument is straightforward: when citizens own shares of American businesses, they have a direct stake in the country’s economic success.

The proposal arrives at a time when equity ownership has become increasingly important to retirement planning.

For many households, 401(k) plans, IRAs, pension funds, and brokerage accounts now represent the primary path toward long-term financial security.

Expanding access to those opportunities remains a goal shared by many economists across the political spectrum.

Bessent’s remarks also touched on broader economic policy.

He reiterated his belief that U.S. economic growth can accelerate in the coming years and expressed confidence in the resilience of the American economy despite ongoing concerns about inflation, interest rates, and labor-market conditions.

The Treasury Secretary also discussed his working relationship with Federal Reserve Chair Kevin Warsh, confirming regular meetings between the Treasury Department and the central bank.

While emphasizing the Federal Reserve’s independence, Bessent suggested that coordination and communication remain important during periods of economic uncertainty.

The investing proposal, however, generated the greatest attention.

Advocates argue that broader market participation could help reduce wealth inequality by giving more families access to the same long-term investment returns enjoyed by higher-income households.

Critics caution that stock investing carries risk and that encouraging inexperienced investors to enter the market without adequate financial education could expose them to significant losses during future downturns.

That concern is particularly relevant after several years of heightened market volatility.

Many Americans who entered markets during the pandemic-era boom experienced firsthand how quickly gains can disappear when economic conditions change.

Others point out that millions of families struggle to cover everyday expenses and may lack the disposable income needed to invest consistently regardless of government incentives.

The debate highlights a larger question facing policymakers.

Should economic policy focus primarily on increasing wages and reducing living costs, or should it also prioritize expanding ownership of financial assets?

Bessent clearly believes both goals can work together.

His vision centers on creating what he describes as a broader ownership society, one in which more Americans participate directly in the wealth generated by businesses, innovation, and economic growth.

Whether households embrace that vision remains to be seen.

The challenge is not simply opening investment accounts.

It is convincing millions of cautious families that long-term investing remains worth the risk, even during uncertain economic times.

For now, the Treasury Secretary’s message is clear: America’s future prosperity should not belong only to Wall Street.

It should belong to Main Street investors as well.

JBizNews Desk | New York
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WASHINGTON — Political appointees appear poised to gain more control over information coming out of the Centers for Disease Control and Prevention under a proposal to add a separate science office atop the agency

The new office, called the Executive Advisory, Science, and Operations Unit, would review scientific publications, including Morbidity and Mortality Weekly Reports, intended for peer-reviewed journals, or briefings by the director on preparedness activities. It would report up to the agency’s chief of staff, Matthew Buzzelli.

There’s been an effort within CDC over the last few months to identify funding for the new office, which is currently not part of the agency’s structure, according to three people familiar with the planning, who spoke with STAT under the condition of anonymity. No available funding has been found, those people said, and the office remains in limbo. In April, the agency published a notice seeking contractors to support its proposed creation. 

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Senate Democrats have accused Consumer Financial Protection Bureau (CFPB) acting director Russell Vought of stripping away key consumer protection resources and obscuring past enforcement work in a letter sent on Monday. 

“Your decision deprives Americans of key resources and is yet another giveaway to companies intent on scamming the public of their hard earned dollars,” the lawmakers wrote. 

The lawmakers questioned the CFPB’s reliance on an external web archive to access older material, which may be effective at preserving some data, but makes navigating the website more difficult.  

“The CFPB’s website lists a vague acknowledgement of the removal of pages and directs users to an externally hosted archive to access deleted content. This archive is not a replacement for a federal government website,” they wrote.

The CFPB did not immediately reply to HousingWire‘s request for comment. 

The senators said the CFPB in May deleted thousands of pages published over the past 15 years — including all press releases, testimony and speeches that took place prior to President Donald Trump’s second term. The bureau also allegedly removed consumer advisories, notices of settlements, original research and major reports.

“These deleted pages provided crucial information that helped Americans protect themselves against unfair, deceptive, and abusive practices — and also served as a repository of corporate predatory behavior,” they wrote. “You have erased a source of records of abusive corporate conduct that underpinned the CFPB’s decisions under prior Administrations to levy enforcement actions against those lawbreaking companies.”

Sens. Elizabeth Warren (D-Mass.), Raphael Warnock (D-Ga.), Andy Kim (D-N.J.) and Lisa Blunt Rochester (D-Del.) signed the letter. 

The letter ties the web purge to an enforcement pullback. Since February 2025, the CFPB has dismissed or terminated at least 42 public enforcement actions against Wall Street banks, big tech firms and other corporations, they added. 

The agency has been under the leadership of Vought for the past 16 months. During his tenure, Vought — who also serves as the current head of the White House Office of Management and Budget (OMB) — has moved to scale back the bureau’s enforcement and regulatory activities.

Earlier this month, the White House sent the nomination of Brian Johnson to serve as permanent director to the Senate.

The Senators cited specific deletions. These include “a ‘know your rights’ article around medical debt collection and an overview of predatory practices associated with loans” and “all 35 Supervisory Highlights reports, which summarize the agency’s supervision of financial institutions and include anonymized descriptions of the supervisory actions from each administration dating back to 2012.”

They also criticized the removal of non-English content following a Trump executive order on English as the official language. 

“Ultimately, these deletions appear to be part of your ongoing effort to dismantle the CFPB,” they said. 

They asked Vought to answer a detailed list of questions by July 2, including whether the deletions were intended to “hide the agency’s [past] accomplishments” and whether removing explanations of past enforcement actions was “an attempt to hide the predatory conduct that Acting Director Vought is excusing by dropping almost all ongoing enforcement actions.”

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A member of the city’s Rent Guidelines Board (RGB) resigned just hours before the board was set to vote on a possible rent freeze for the roughly two million New Yorkers who live in rent-stabilized apartments. Christina Smyth, a landlord representative on the board who was appointed by former Mayor Eric Adams last year, submitted her resignation Thursday morning ahead of the board’s scheduled 7 p.m. vote, as first reported by Crain’s. Smyth said the RGB has stopped being a “fact-finding body” and instead “starts with an answer” and works backward to justify it, adding that most of the board’s nine members have been appointed by Mayor Zohran Mamdani.

It is unclear whether Smyth will be replaced. The board will still have a quorum to proceed with Thursday night’s vote, as Crain’s reported.

Freezing rents for the city’s rent-stabilized tenants was a central component of Mamdani’s campaign platform. The board includes two members representing tenants, two representing owners, and five representing the general public. Each year, it bases rent adjustments on several metrics that reveal the current economic conditions for both landlords and tenants.

During Adams’ tenure, rents for rent-stabilized units increased a cumulative 12 percent. Under former Mayor Bill de Blasio, the RGB approved several rent freezes, and rents rose a total of just 6 percent over his eight years in office.

Last December, just two weeks left in his term, Adams appointed and reappointed four members to the RGB in an effort to block then-Mayor-elect Mamdani’s push for a rent freeze. The moves gave Adams’ allies a majority on the board.

However, after three RGB members resigned earlier this year, Mamdani in February appointed six new members to the board, significantly increasing the likelihood of a rent freeze.

In May, that likelihood increased further when the RGB, in a preliminary vote, backed rent adjustments that included no increases on some leases. The board approved adjustments ranging from 0 to 2 percent for one-year leases and 0 to 4 percent for two-year leases.

Smyth said the decision to pursue a rent freeze had already been made through Mamdani’s appointments. She also claimed that questions she raised about methodology, as well as rising costs and falling net income, “went unanswered.”

“This rebuilt board was required to deliver a rent freeze,” she wrote, according to a post on X from NY Daily News reporter Josie Stratman. “Everything since has been theater. The hearings, the reports, the public comment, the data. None of it was ever going to change the result.”

“I know this because I watched it happen from the inside,” Smyth added. “I asked the staff to explain their methodology. I asked how the figures in the operating cost reports were reached. I asked why data showing rising costs and falling net income was not reflected in the board’s direction to its members. Those questions went unanswered.”

She continued, asking Gov. Kathy Hochul to help restore the vacancy bonus, a provision eliminated in 2019 state rent laws that allowed landlords to raise rents on stabilized units when they became vacant. Tenant advocates said it incentivized landlords to harass tenants out of units in hopes of increasing rents, according to The Real Deal.

Smyth’s resignation also raised the possibility of a legal challenge to the board’s decision, arguing that the RGB has gone beyond the limits of the law.

“A board that votes to freeze rents while knowingly disregarding its own evidence of rising costs and falling income is not acting within those limits,” Smyth wrote. “I am not going to lay out the legal argument in a public statement. But the limits are real, and a record built this way will not hold up the way its authors expect.”

Smyth is the founder and owner of Smyth Law PC, a real estate law firm representing multifamily residential building owners, operators, and management companies across Manhattan, Queens, Brooklyn, and the Bronx, as 6sqft previously reported.

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Chequers is where UK Prime Minister Keir Starmer spent the weekend deciding his own fate before resigning on Monday.

That is Chequers, the stately home known as the “Grace and Favour home” at the disposal of the British prime minister, in the same way that the US president uses Camp David and the pope, Campo Gandolfo, when he takes some time off from being pope.

Last Wednesday, under the title ”Rearranging deck chairs won’t save a sinking ship,” I wrote about what has been described as the most important and far-reaching By-election in UK history, at an unknown place called Mounterfield. 

At that time it was undecided. I explained how the election was designed to propel the former Manchester mayor Andy Burnham into parliament, there to oust and replace the incumbent leader of the Labour Party and become prime minister himself. And without wishing to say I told you so, I told you so. Burnham’s victory has led directly to Starmer’s resignation.

Let us look at the events chronologically. First, the By-election itself.

Had the consequences not been so important, it would have been as entertaining as any other such election. One of the delights that remains about the UK is every election night. For a small deposit, almost anyone can stand as a candidate in an election. And almost anyone does. 

When the votes have been counted, the candidates all stand in a line to hear the results announced. One by one their names are read out, and their vote numbers are given. So it has become a tradition for some candidates to adopt ridiculous (spoof) names, titles and costumes to embarrass the person reading out the result and entertain those in the audience at the town hall and on the television. 

For Example:

Howling Laud Hope – Monster Raving Loony Party – 45 votes

Lord Buckethead – 100 votes.

Count Binface – 95 votes

Mad Cow-Girl – 60 votes and so on and so forth

I have to confess to finding this all very entertaining, but as a French person I once knew used to say: “British humor is like British gastronomy, it does not exist.”

But what of the real election result? I had posited the fact that only a combined opposition could beat Burnham, the populist candidate, believed to offer all the things that Starmer lacked – primarily a personality.

In fact, the combined numbers of votes of the opposition would not have beaten Burnham, but together they would have created a momentum that probably would have done. Had they done so, it would have left a powerless Starmer as the most unpopular prime minister in history, and brought him and his government down, rather than just changing leader.

So in fact the opposition parties and Sir Keir Starmer wanted the same thing – Burnham to lose. But the actual result of the election placed Andy Burnham first, whilst in second, third and fourth came the opposition right-wing parties: Reform, Restore, Conservative. The result was a crushing victory for Burnham, leaving him free to enter parliament and launch a leadership challenge. 

Meanwhile Starmer was left contemplating his fate. His choices were to carry on in office; wait until he was challenged for the top job by Burnham and stand against him, or resign, thereby jumping before he was pushed. Starmer, realizing the whole of his party were against him, jumped. 

Where did Starmer go to lick his wounds and decide his future? A part of the British landscape for those in High office, including the prime minister, foreign secretary and various Church leaders such as the archbishop of Canterbury, have at their complete disposal what are referred to as “grace and favor homes”.

You would rightly guess that the prime minister’s assigned home is amongst the most splendid. A 16th-century house, Oak beams, coiffured and manicured gardens with a mere 10 bedrooms.

UK prime ministers take advantage of Chequers

The house is named Chequers after the family who owned land thereabouts. The first prime minister to spend time there was David Lloyd George, a garrulous Welshman who had everything the current prime minister lacked– namely a personality.

And the prime ministers would go there from time to time to take advantage of its serenity. Winston Churchill would go there to write his wartime speeches. Boris Johnson went there to greet foreign guests, such as Angela Merkel, his German counterpart.

Starmer, after the bruising result of the Makerfield By-election, bolted to the sanctuary of the country house at his disposal to contemplate his future. He would have played mental chequers at Chequers. 

He would have immediately realized he was likely to face political extinction. All he had to do was decide by what method.

By the time he left Chequers, this prime minister had done something that he seemed unable to do during the last two years: make his mind up.

That then brought us to outside the prime minister’s home at 10 Downing Street on a warm Monday. There followed the symbolic significance of bringing out the lectern that prefaces all important announcements.

In this case, Starmer announced that he has heard that his party does not think he is the man to lead them into the next election and intends to stand aside.

I then listened as Starmer listed his “achievements” over the last two years. I truly believed I was hearing things. Of course, he did not mention his 16 “U” turns on policies, nor how he had become a slave to spending vast sums of money on welfare to hand out to those that had journeyed to the UK in rubber dinghies.

But as Shakespeare said, “ here’s the rub”. He listed first in his achievements his combating antisemitism, overlooking his recognition of Palestine at the time Hamas held 52 hostages, without demanding their return. And overlooking the fact that he was dubbed “Starmer, Starmer, the Jew harmer”.

The point of this part of the article remains the same as the first article and is directed toward Israel in the coming months to say be careful what you wish for, and even more careful as to how you achieve it. Only unity in opposition parties has any chance of changing the status quo.

Meanwhile, like Moses, Sir Keir Starmer will not bring his people into the promised land, whatever that looks like, but it will be Burnham who adopts the role of Joshua.

The writer is an author and a former judge and barrister in the United Kingdom.

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Cabo Verde, a Portuguese-speaking Atlantic island nation off the coast of West Africa with a population of roughly 600,000, has become one of the most unexpected stories of the 2026 World Cup and is drawing new attention to a little-known Sephardi Jewish past.

The archipelago, also known in English as Cape Verde, held Uruguay to a 2-2 draw on Sunday in Miami, after opening its first-ever World Cup with a 0-0 draw against Spain. Reuters reported that Kevin Pina scored Cabo Verde’s first World Cup goal, a free kick from more than 30 meters, before substitute Helio Varela equalized in the second half.

For a country whose population is smaller than many world capitals, the result was about far more than football. Cabo Verde’s players celebrated with supporters who waved flags, sang, and watched a small island nation force its way into the global conversation.

Reuters reported that coach Pedro Leitão Brito, known as Bubista, said the team’s mission went beyond results and was also about showing the world Cabo Verde’s culture, music, history, supporters, and identity.

That history includes a Jewish chapter rarely known outside the islands and their diaspora.

Cape Verde’s unexpected Jewish history

According to the Cape Verde Jewish Heritage Project, Sephardi Jews from Morocco and Gibraltar settled in Cabo Verde in the mid-19th century, after Portugal abolished the Inquisition in 1821 and after Portugal and Britain signed a trade and navigation treaty in 1842. Many Moroccan Jews traded with Gibraltar, and some arrived in Cabo Verde carrying British passports.

The group says tombstone inscriptions in Hebrew and Portuguese show that many of these Jews came from Moroccan cities including Tangier, Tetouan, Rabat, and Mogador, now Essaouira. Their surnames included Anahory, Auday, Benoliel, Benrós, Benathar, Benchimol, Brigham, Cohen, Levy, Maman, Pinto, Seruya, and Wahnon.

The families settled mainly on Santo Antão, São Vicente, Boa Vista, and Santiago, where they worked in commerce, shipping, administration, and other trades. The Cape Verde Jewish Heritage Project says the Jews were often considered important figures in the local economy.

Their story did not end in a dramatic expulsion or a famous rupture. It faded more quietly. The Jewish population was small and mostly male, and many Jewish men married local Catholic women. Over generations, the organized Jewish community disappeared into Cabo Verdean society. Today, the country has virtually no practicing Jewish community, but many descendants still speak with pride about Jewish ancestors whose names remain part of family memory.

What remains is deeply personal: cemeteries, surnames, oral histories, and restored gravestones facing the Atlantic.

Preserving a piece of Jewish history

The Jewish Telegraphic Agency reported in 2017 that the government of Cabo Verde listed Jewish cemeteries and several Jewish-associated structures as part of the country’s National Historical Patrimony. JTA reported that the designation meant the cemeteries could not be destroyed and that some buildings linked to the Jewish community could not be altered.

The Cape Verde Jewish Heritage Project has worked for years to restore Jewish burial grounds, including in Praia, Boa Vista, and Santo Antão. The organization said two Jewish cemeteries in Ponta do Sol and Penha de França were rededicated in 2018 in a ceremony attended by descendants of Cabo Verde’s Jewish community, local and national officials, representatives from the US and Israel, the chief rabbi of Lisbon, and local residents.

The American Jewish Committee reported in 2024 that the Jewish section of Praia’s cemetery, dating from the 19th century, had been restored in 2013 by the Municipal Chamber of Praia and the Cape Verde Jewish Heritage Project, with funding from Morocco’s King Mohammed VI. AJC said commemorative plaques unveiled in Praia included reproductions of the original Portuguese and Hebrew epitaphs and signage explaining the migration of Moroccan Jews to Cabo Verde.

The World Monuments Fund has also worked with the Cape Verde Jewish Heritage Project to survey archives in Cabo Verde, Portugal, Morocco, and Gibraltar and to conduct interviews with descendants. The fund said the research aimed to document the legacy of Sephardi families and their descendants in Cabo Verde, after earlier research on the subject had been scattered and incomplete.

A different look at Jewish life in Africa

The story places Cabo Verde on a different Jewish map. Jewish life in Africa is often associated with Morocco, Tunisia, Egypt, Ethiopia, and South Africa. Cabo Verde’s Jewish history points to a smaller Atlantic route: Moroccan Jews, Gibraltar, Portuguese colonial rule, shipping, trade, intermarriage, and memory preserved through graves rather than synagogues.

The Jerusalem Post reported in 2019 that then-president Reuven Rivlin, meeting Cabo Verde’s Prime Minister José Ulisses Correia e Silva, referred to the rich Jewish history of Cape Verde and thanked the country for protecting Jewish cemeteries.

Now, the World Cup has given that story a contemporary opening.

Cabo Verde qualified for the World Cup for the first time in 2025. Reuters reported at the time that it was one of the smallest countries in tournament history to qualify. Its first two matches have now turned it into one of the tournament’s most discussed underdogs.

For many football fans, Cabo Verde is a new discovery. For Jewish readers, it is also a reminder that Jewish history reached small islands far beyond the familiar centers of Jewish life. As Cabo Verde tries to extend its World Cup run, the cemeteries of Praia, Boa Vista, and Santo Antão tell another story: of Moroccan Jewish families who crossed the sea, built lives on remote Atlantic islands, and left behind names and stones that descendants are still working to protect.

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The October Council held a press conference on Thursday ahead of next Thursday, which will mark 1,000 days since the October 7 massacre, titled “1,000 Days of Shiva (Seven/Mourning).”

The press conference was attended by bereaved families, families of hostages, survivors, and representatives of the families, who called on the Israeli public to stop, remember, and demand the establishment of a state commission of inquiry into the greatest disaster in the country’s history.

The organization of bereaved families and former captives, which advocates for the establishment of a state commission of inquiry, announced that next Thursday, dozens of memorial, protest, and testimony events will take place across the country.

These will be accompanied by a nationwide minute of silence at 10:00 a.m., the “1,000 Days March,” and a central rally at Hostages Square in Tel Aviv, which will be reactivated for one day in honor of the 1,000th day.

The October Council emphasized that the 1,00th day is not an ordinary protest day, but one in which Israeli citizens are called upon to pause their routine and demand the truth.

“One thousand days after the massacre, after the hostages, after the communities were burnt, after the fallen soldiers, after the families were torn apart, and after the greatest oversight in the history of the country, a commission of inquiry still has not been established,” the Council stated. “The October Council calls for all Israeli citizens to attend the memorials and protests, stop for the minute of remembrance at 10:00, attend the Thousand Days March and the central rally, and wear black on the Thousand Days.”

Victims’ families demand investigation into October 7

Eyal Eshel, father of the late surveillance soldier Roni Eshel, who was killed in battle on October 7, declared, “1,000 days since the surveillance soldiers saw, warned, and pleaded for people to listen to them, and 1,000 days since the State of Israel chose not to hear them. How is it possible that 1,000 days later, there is still no state commission of inquiry?”

Hagit Chen, mother of the late Staff Sergeant Itay Chen, whose body was abducted after he was killed, also called for the government to establish the commission. “Itay fought bravely, was abandoned, kidnapped, and returned to us only after 760 days,” she said. “If you did everything, why did it take 760 days to bring him back? And if you did everything, how have 1,000 days already passed and the Israeli government is still afraid of a state commission of inquiry?”

Itay’s father added that “Anyone who said ‘we will do everything’ and does not demand a state commission of inquiry did not do everything. Anyone who refuses today to commit to a state commission of inquiry is telling us that their seat is more important to them than the truth. Anyone who fears an investigation probably knows why.”

Inbar Goldstein, sister of the late Nadav Goldstein who was murdered together with his daughter Yam, as well as the sister-in-law of Chen, who was kidnapped along with her three children, demanded honesty and open communication.

“How can we build strong and resilient walls when so much of the truth is still buried beneath the ruins?” she demanded.  “We are the generation of October 7, and the generation of October 7 does not leave its brothers and sisters behind – and not the truth either.”

Yuval Zaushnitzer, widow of the late Roy Chapel, who was killed in battle on October 7, said, “Don’t say this is a struggle only for older people or for bereaved families. This is the country in which we want to raise our children. Roy took responsibility when the country needed him. Now we need to take responsibility when the truth needs us.”

“The head of the Shin Bet wants to erase the memory of the failure that led to my son’s death,” Reut Recht Adry, mother of Ido Adry, a Shin Bet operative who was murdered at the Nova music festival, said. “Zini, you are using politics and the blood of my child and of ten heroic Shin Bet fighters who fell on October 7 to serve the prime minister’s agenda of abandonment and forgetting. You will not erase our children’s blood.”

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A correspondent for Saudi Arabia’s Al Arabiya television in Yemen was killed when a bomb planted on his car exploded, the network said on Thursday.

It said Mohammed Aydah, a Yemeni who reported for Al Arabiya and its sister channel Al Hadath, was killed late on Wednesday in the city of Mukalla, in Yemen’s eastern Hadramout governorate.

Al Arabiya said Mukalla’s security authorities had warned Aydah approximately a month ago that his life was under threat, without elaborating. No group has claimed responsibility.

The killing comes against the backdrop of political tensions in the country after clashes between Saudi-backed forces under the command of Yemen’s internationally recognized government and UAE-backed separatists flared up between November and January.

The fighting saw Mukalla switch hands between the separatists, known as the Southern Transitional Council, and the Saudi-backed forces, who are now in control.

The STC in a statement condemned the assassination, saying the attack signaled broader security issues in Hadramout, which it blamed on the dismantling of units under its command that had helped oust al Qaeda from the region in 2016.

Yemen investigates the killing of Al Arabiya’s Mohammed Aydah

The head of Yemen’s presidential leadership council, Rashad al-Alimi, directed the formation of a high-level joint committee to investigate the killing and said that the state would spare no effort in pursuing the perpetrators.

Yemen has been mired in conflict since 2014, when Iran-backed Houthi forces captured Sanaa, prompting a Saudi-led coalition to intervene.

The country remains one of the most dangerous in the world for journalists, according to the Committee to Protect Journalists.

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The two Zol Begadol supermarket branches whose baby food products were found last week to contain sedative drugs have been banned from selling food and cosmetic products until they develop an extensive quality assurance system, the Health Ministry announced on Thursday.

According to the Health Ministry, a total of five tainted products were found during the investigation, with three handed over by customers and two found on store shelves. All five showed signs of tampering prior to purchase.

In light of this, the stores will be allowed to sell only non-edible, non-cosmetic products until they have established a system to prevent further incidents.

The system, the Health Ministry stated, must include reducing uncontrolled access to the products, conducting regular inspections of them, training employees to recognize damaged products, and immediately reporting any suspicion of food damage to the Health Ministry.

The police investigation is still ongoing, the Ministry stated.

Health Ministry confirms sedatives found in baby fruit puree

The Health Ministry confirmed last Wednesday that laboratory tests found clonazepam and lorazepam in jars of Prinok baby fruit puree sold at the two branches of Zol Begadol, a discount supermarket chain in Jerusalem.

The products were purchased at the chain’s Mahaneh Yehuda branch at 113 Jaffa Street, and at another branch at 214 Jaffa Street, both in the center of the capital.

Clonazepam and lorazepam belong to the benzodiazepine family, a class of prescription drugs used as sedatives, anti-anxiety medications, and other treatments.

Avihai Chiim, Efrat Forsher, and Jerusalem Post Staff contributed to this report.

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State Attorney Amit Aisman warned on Thursday that the law restructuring the Justice Ministry’s Police Investigation Department (PID), known by its Hebrew acronym Mahash, could make it harder to investigate sensitive cases involving police, prosecutors, and public officials without political pressure.

Speaking at the Haifa Law Conference, Aisman said that law enforcement authorities were being asked to make difficult decisions in an increasingly polarized public atmosphere, where investigations and court cases quickly become political fights.

“Noise is not evidence,” he said. “A headline is not a factual basis, and likes and shares are not a legal test.”

The Knesset passed the Mahash law earlier this month. The legislation removes Mahash from the prosecution and establishes it as a separate body within the Justice Ministry.

It was sponsored by Likud MK Moshe Saada, who previously served as deputy head of Mahash, and passed by a 43-39 vote.

 The new arrangement could create a different problem

Saada and other supporters of the law have argued that Mahash cannot properly investigate police officers while remaining part of the same prosecution system that works with the police on ordinary criminal cases. They say the change is intended to remove that conflict and give Mahash greater independence.

Aisman’s warning was that the new arrangement could create a different problem.

The question, he said, was not simply whether Mahash sits inside or outside the prosecution. It was whether the people responsible for investigating sensitive cases could act freely when their appointment and authority were tied more closely to political officials.

“Once a prosecution service takes into account the intensity of the pressure or the direction of the public wind, it ceases to be independent,” Aisman said. “Without prosecutorial independence, equality before the law is nothing more than an empty slogan.”

Under the law, Mahash’s director will be appointed by a five-member committee, in which appointees of the justice minister and the Justice Ministry director-general hold a majority.

The law also creates a new position responsible for coordinating police-investigation matters. That official will be able to decide which body investigates certain cases involving police officers and other state officials, including cases in which prosecutors may also be involved.

Aisman said that was not a technical question.

“The decision over which body investigates can affect the way an investigation is conducted, the identity of those questioned, and its results,” he said.

He said the real test of law enforcement independence was not in routine files, but in cases involving people with power, influence, or public standing.

“The true test of prosecutorial independence is not in simple cases,” Aisman said. “It is in sensitive cases – precisely those involving people with power, influence, or public status.”

Aisman acknowledged that Mahash has faced criticism over the years, and said some of it had been justified. But, he argued that it had nevertheless operated within a professional system in which political officials did not intervene in its decisions.

The concern now, he said, was not the identity of any future Mahash director, but the method of appointment and the powers created by the law.

“This is not a question of who is appointed, it is a question of the structure.”

“This is not a question of who is appointed,” he said. “It is a question of the structure.”

Aisman warned that investigators and prosecutors cannot do their jobs when they are forced to “look over their shoulder” in politically charged cases. He said the danger was not criticism of law enforcement authorities, but an atmosphere in which investigators and prosecutors were pressured or delegitimized because of the people they were investigating.

He did not name specific officials or cases, but criticized what he described as failures to report for questioning, automatic political backing for suspects, and deliberate disruption of court proceedings.

Those actions, he said, do not damage only one investigation or one trial. They can undermine the legitimacy of the legal system itself.

“Criticism of law enforcement is legitimate and even desirable,” Aisman said. “Criticism – not delegitimization.”

He also linked the Mahash law to the coalition’s separate proposal to split the attorney-general’s role, saying both raised the same broader question: whether the state’s legal and enforcement bodies would be able to continue operating independently in politically sensitive cases.

The Mahash law is already facing petitions before the High Court of Justice from the Movement for Quality Government and a separate group, including former police commissioners and senior police officials. The petitioners argue that the new appointment mechanism and transfer of authority could expose police oversight to political influence.

Aisman said that, despite the pressure, the prosecution service would continue to make decisions based on evidence and law rather than public campaigns.

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As anxiety mounts over the long-term solvency of the Social Security trust funds, a growing number of Americans are rushing to claim their benefits early out of fear that the program will run dry.

However, personal finance expert Suze Orman warns that following this viral advice will lock retirees into a permanent financial penalty that cannot be undone.

“There’s been some chatter on social media lately about Social Security that I think is bad advice,” Orman wrote earlier this month on her website. “The message is that you are better off claiming as early as possible — at age 62 — rather than waiting to collect a larger benefit by starting your checks later. That’s just not good advice.”

About two weeks ago, the Social Security Administration released its 2026 Trustees Report, which confirms that the federal retirement safety net is less than seven years away from reserve depletion, as the Old-Age and Survivors Insurance (OASI) Trust Fund is projected to exhaust its accumulated reserves in the fourth quarter of 2032.

SOCIAL SECURITY HAS LESS THAN 10 YEARS BEFORE RESERVES ARE EXHAUSTED, NEW TRUSTEES REPORT WARNS

Once the reserves are depleted, ongoing tax revenues will cover only 78% of scheduled retirement benefits, according to the report.

According to SSA data, claiming retirement benefits at age 62 remains popular among retirees, though filing early permanently locks in lower monthly benefits.

“For anyone born in 1960 or later, your Full Retirement Age is 67. That is when you are entitled to 100% of your earned Social Security benefit. If you choose to start collecting at 62, you receive just 70% of that benefit — a 30% reduction that is locked in permanently. Claiming early is basically accepting a 30% penalty,” Orman said.

“A woman in average health who reaches age 65 has a life expectancy of 88. That means a 50% probability of still being alive at 88 — still here, still paying bills, still needing income. If she reaches her break-even age of 79, there is a very real chance she has at least another decade or more ahead of her,” Orman said. “Every month past that break-even point, the person who waited is collecting meaningfully more.”

The personal finance expert also pushed back on claims circulating online that filing early secures your benefits before the trust funds run low.

“Current projections suggest that if Congress does nothing, Social Security would pay out roughly 80% of scheduled benefits — a 20% reduction. That is the worst case. And as I have discussed before, Social Security has survived funding challenges before; in the early 1980s, Washington found solutions that did not require beneficiaries to absorb the full cost,” she said.

“If your benefit at 67 would be $2,000, claiming at 62 locks in a $1,400 monthly payment… Now apply the 20% worst-case cut to both. The person who waited until age 67 might see their benefit reduced from $2,000 to $1,600. The early claimer collects around $1,260.”

Orman said there are two exceptions to claiming Social Security early: health issues and the inability to work or draw from retirement savings.

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And the “strongest move,” according to Orman, is waiting until age 70 to claim Social Security benefits.

“If you are married, please have the higher earner wait as long as possible — ideally until 70. The surviving spouse receives the larger of the two benefits. Making that number as large as possible is one of the most important financial gifts you can leave your partner,” Orman said.

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Ira Rennert, the reclusive New York industrialist behind Renco Group, has agreed to pay $150 million to settle long-running claims that a lead smelter his company ran in La Oroya, Peru poisoned local children, according to court filings and plaintiffs’ counsel disclosed on Wednesday. The deal closes one of the most stubborn corporate-liability fights in recent American legal history — a case first filed in 2007 that took nearly two decades to reach a courtroom.

The lawsuit was brought on behalf of more than 1,000 Peruvians, most of them children when the smelter operated, who say lead and other toxins from the La Oroya Metallurgical Complex caused brain damage, developmental delays and lifelong illness. The lead plaintiffs’ attorney, Jerry Schlichter of St. Louis firm Schlichter Bogard, had told a federal jury in U.S. District Court for the Eastern District of Missouri that the operators went to an impoverished mountain town and sharply increased airborne lead. A “bellwether” trial — a test case meant to gauge how juries would treat the larger group — had been underway in front of Judge Catherine Perry when the settlement was reached.

Here is the background. Renco, Rennert’s family holding company, is the parent of St. Louis-based Doe Run Resources. Through a Peruvian subsidiary, Doe Run Peru, it bought the La Oroya smelter in 1997. The plant, which had been operating since 1922 and was run for decades by the Peruvian government, was already one of the most contaminated sites in the world. A 2005 study by Saint Louis University researchers found that roughly nine in ten children near the smelter carried blood-lead levels high enough to cause permanent injury. The plant went idle in 2009 after Doe Run Peru ran out of money during the financial crisis, and it later entered bankruptcy.

Rennert’s side has denied wrongdoing for years. His spokesman, Jim McCarthy, has argued that Doe Run Peru invested more than $300 million to modernize the facility and cut emissions in every category — more, the company says, than Peru’s government did over the previous 75 years. Rennert’s lawyers also fought for years to move the case to Peru and to have it thrown out, losing repeatedly. In 2020, the court sanctioned the defense more than $429,000 for handling discovery “willfully and in bad faith.”

The settlement matters well beyond one billionaire’s checkbook. For multinational companies, it is a reminder that liability for overseas operations can follow them home into U.S. courts, sometimes for decades. Schlichter had warned that a full loss at trial could have exposed Rennert and Renco to penalties topping $1 billion. Settling at $150 million caps that risk while still delivering a large payout to plaintiffs who have waited 18 years — many now adults.

It also lands as the La Oroya site inches back toward life. The complex passed to its worker-creditors after Doe Run Peru’s bankruptcy, and there have been repeated efforts to restart its lead, zinc and copper circuits. A restarted smelter would matter to the regional economy around La Oroya, a town of about 24,000 roughly 100 miles inland from Peru’s coast, where the plant was historically the dominant employer.

For Rennert, the deal adds to a long ledger of legal entanglements built around his leveraged buyouts of natural-resource businesses. In 2017, a federal appeals court ordered him to pay a $213.2 million judgment after a jury found he had drained his magnesium company to help fund a sprawling Hamptons estate. His Sagaponack compound, sometimes called “the house that ate the Hamptons,” has been described as worth $425 million.

Separately, Renco and the Peruvian government remain locked in international arbitration at the Permanent Court of Arbitration in The Hague over who bears responsibility for the cleanup — a dispute the Wednesday settlement does not resolve. Renco originally sought $800 million from Peru, arguing the country’s environmental demands forced the plant into bankruptcy.

The money question now turns to logistics: how the $150 million will be divided among the plaintiffs, and how quickly. For a group of young adults who spent their childhoods near one of the world’s dirtiest smelters, the settlement offers something the courts denied them for almost two decades — a resolution, and a check.

JBizNews Desk | New York
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Leadership has always mattered in real estate. What’s changed is the expectation. Today’s brokerage leaders are navigating an industry defined by tighter margins, faster technology shifts and heightened competition for both talent and trust. In that environment, leadership development can’t be theoretical or occasional. It has to be practical, continuous and accountable to results.

The question facing our industry isn’t whether leadership matters. It’s whether we’re developing leaders in ways that actually move the business forward.

Beyond the classroom

I’ve experienced leadership development from both sides, as a participant and as a leader responsible for building the next generation. As an alumnus of Ascend: The Executive Leadership Experience, I saw firsthand the difference between learning that inspires and learning that sticks.

For too long, leadership development followed a familiar rhythm: conferences, workshops, ideas that sounded good in the moment but were difficult to apply once leaders returned to the realities of their businesses. Those experiences had value, but they often lived too far from execution.

That model no longer works.

The most effective leadership development today is designed around application. It challenges leaders to take what they’re learning and immediately apply it to real decisions, real teams and real growth priorities. Leadership development stops being something separate from the business and becomes embedded within it.

Leadership is a growth strategy

Across the industry, there’s a clear shift underway. Leadership development is no longer viewed as a perk or a retention tool. It’s recognized for what it truly is: a growth strategy.

The strongest programs focus on capabilities leaders need right now, using data to make better decisions, building resilient and engaged teams, creating cultures that attract and retain talent, and leveraging new technologies, including AI, to operate more efficiently and intelligently.

These aren’t abstract skills. They show up directly in performance.

Leaders who understand their data lead with transparency. Leaders who invest in culture retain people longer. Leaders who embrace innovation stay relevant. In today’s market, leadership capability and business results are increasingly inseparable.

Learning in real time

One of the most important evolutions in leadership development is the move toward applied, real‑time learning.

Instead of hypothetical case studies, leaders are working on the challenges already sitting on their desks — growth, profitability, recruiting, retention, customer experience. They’re building strategies they can test, refine and scale immediately, which can help change the outcome.

When learning is tied directly to the business, leaders don’t leave with notes. They leave with momentum where development turns into action, and action turns into measurable progress.

The value of shared perspective

Another critical element of modern leadership development is perspective.

When leaders from different brands, markets and roles come together, they challenge assumptions and learn from one another in ways that don’t happen inside a single organization. In an industry that’s naturally competitive, these environments create space for collective advancement.

Equally important is what happens after the program ends. Alumni engagement and mentorship extend the impact well beyond the classroom, reinforcing a culture of shared learning and accountability. Leadership development doesn’t stop; it continues to grow.

From insight to impact

The true measure of leadership development isn’t how energized participants feel when it ends. It’s what changes when they return to their businesses. Are decisions sharper? Are teams more aligned and engaged? Is growth more intentional and sustainable?

When leadership development is done right, the answers are clear, and they show up in performance.

Raising the bar

As real estate continues to evolve, so must our expectations of leadership.

The organizations that will win next are the ones that treat leadership as a strategic priority and hold it accountable for results. That means creating development experiences that are grounded in real work, demand application and connect leaders to strong peer networks that continue long after the program ends.

When learning leads to action, and action leads to growth, leadership development becomes more than an investment. It becomes a competitive advantage and one our industry can’t afford to overlook.

Alex Vidal is president of ERA Real Estate.

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

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

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Homebuyer affordability deteriorated in May as higher mortgage rates and larger loan application amounts pushed monthly mortgage payments higher, according to data released Thursday by the Mortgage Bankers Association (MBA).

The MBA’s Purchase Applications Payment Index (PAPI), which measures mortgage payment burdens relative to income, rose 2.2% to a reading of 159.4 in May. — up from 156.0 in April. An increase in the index indicates worsening affordability conditions for prospective borrowers.

The national median mortgage payment applied for by purchase applicants climbed to $2,198 in May, up from $2,152 in April. Despite the monthly increase, the median payment was down 0.6% from a year earlier.

“Affordability conditions weakened in May, as rising mortgage rates, combined with increasing loan application amounts, drove mortgage payments higher,” said Edward Seiler, the MBA’s associate vice president of housing economics and executive director of the Research Institute for Housing America.

“The decrease in affordability was widespread, with conditions declining in 33 states,” Seiler added. “While affordability conditions remain improved compared to a year ago, the monthly increase underscores how sensitive prospective homebuyers remain to changes in interest rates and home prices.”

The index compares mortgage payments with household earnings, using mortgage application data from the MBA’s weekly applications survey and earnings data from the U.S. Bureau of Labor Statistics. Higher index values indicate a larger share of income is needed to cover mortgage payments.

For borrowers applying for lower-payment mortgages, represented by the 25th percentile of applicants, the median payment increased to $1,532 in May, up from $1,493 in April.

Affordability trends varied across loan types. The median payment for applicants seeking Federal Housing Administration (FHA) loans rose to $1,873 in May, up from $1,829 the previous month, although it was below the $1,927 figure recorded a year earlier. Conventional loan applicants saw median payments increase to $2,211, up from $2,166 in April, while remaining slightly below the $2,235 level seen in May 2025.

The MBA said affordability declined across major demographic groups. The index for Black households increased to 165.0 from 161.5 in April, while the index for Hispanic households rose to 147.5 from 144.3. The index for White households increased to 160.7 from 157.3.

Among states, Idaho recorded the highest affordability burden with a PAPI reading of 254.1, followed by Nevada at 231.5, Rhode Island at 213.1, Arizona at 209.1 and Florida at 200.4.

Louisiana posted the lowest index reading at 121.7, followed by the District of Columbia at 123.1, Connecticut at 124.9, Alaska at 128.6 and Maryland at 132.2.

Meanwhile, affordability for newly built homes improved slightly. The MBA’s Builders’ Purchase Application Payment Index showed the median mortgage payment for purchase loans on newly constructed single-family homes fell to $2,173 in May, compared to $2,188 in April.

The monthly decline in builder-related payments contrasted with broader affordability trends in the existing home market, where rising rates and larger loan balances continued to pressure prospective buyers.

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

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Electric-vehicle startup Slate Auto has officially opened public orders for what it says will be the least expensive new pickup truck available in the United States, launching a stripped-down electric vehicle priced at $24,950 and betting that affordability, not luxury, is the key to winning over American buyers.

The company began converting more than 180,000 existing reservations into paid $300 deposits, giving customers 30 days to confirm their orders. First deliveries are expected during the fourth quarter of 2026.

At a time when the average new vehicle in America costs nearly $50,000, Slate’s pricing immediately grabbed Wall Street’s attention. The truck undercuts the popular Ford Maverick by more than $2,000 and comes in at less than half the average cost of many electric vehicles currently on the market.

The launch arrives during one of the most challenging periods the EV industry has faced since electric vehicles entered the mainstream.

Demand has cooled significantly following the elimination of the federal $7,500 EV tax credit, while several high-profile electric vehicle manufacturers have struggled with profitability, production targets, and slowing sales growth.

Rather than competing with luxury EV makers, Slate is pursuing a different strategy entirely.

The company’s pickup is intentionally basic.

Buyers receive a two-seat truck with hand-crank windows, no built-in touchscreen, a single color body, rear-wheel drive, and a driving range of approximately 205 miles. Instead of offering expensive paint options, customers can personalize the vehicle using vinyl wraps, allowing the company to avoid one of the most costly parts of automobile manufacturing — a paint shop.

The truck produces approximately 181 horsepower and can tow up to 2,000 pounds.

Customers seeking additional space can convert the vehicle into a five-seat SUV configuration starting at approximately $29,950.

Chief Executive Peter Faricy, a former Amazon executive, believes simplicity is the company’s biggest advantage.

Faricy has publicly stated that every vehicle produced will generate a positive gross profit from day one, a claim few automotive startups have been able to make successfully.

The company projects positive free cash flow by 2027 and estimates it can reach breakeven production at approximately 80,000 vehicles annually, roughly half of planned manufacturing capacity.

The production facility itself represents a significant investment.

Slate is transforming a former printing facility in Warsaw, Indiana, into a manufacturing plant expected to create more than 2,000 jobs while attracting nearly $400 million in investment.

The startup enjoys backing from several high-profile investors, including Amazon founder Jeff Bezos and Los Angeles Dodgers owner Mark Walter. Earlier this year, Slate completed a $650 million funding round, providing capital to support manufacturing and vehicle development.

The broader market environment remains difficult.

According to Cox Automotive, new EV sales fell approximately 27% during the first quarter compared with the same period a year earlier. Several manufacturers have reduced production plans, delayed projects, or cut jobs as demand growth slowed.

Even established automakers have struggled.

Ford halted production of the electric version of its F-150, while companies such as Rivian and Lucid have continued searching for sustainable profitability.

That backdrop makes Slate’s approach particularly intriguing.

Instead of selling technology, luxury, or performance, the company is selling affordability.

The strategy addresses a growing frustration among American consumers who have watched vehicle prices rise steadily for years. Fewer than 5% of new vehicles sold in the United States last year carried price tags below $25,000, leaving many buyers priced out of the new-car market entirely.

Still, skepticism remains warranted.

Slate originally promoted a sub-$20,000 truck price before the elimination of federal incentives made that target unrealistic. The company must still complete regulatory certifications and demonstrate it can manufacture vehicles at scale — a challenge that has defeated numerous automotive startups.

The history of the EV sector is filled with companies that promised affordable vehicles but struggled to achieve production volume.

Yet if Slate succeeds, it could challenge one of the industry’s biggest assumptions: that electric vehicles must be expensive.

The next several weeks will provide the first meaningful test.

As reservation holders decide whether to place deposits and commit real money, investors and competitors alike will gain a clearer picture of whether America’s appetite for a truly affordable pickup truck is as strong as Slate believes.

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

In March of this year, Fannie Mae and Freddie Mac unveiled a major change to condominium lending, financial and insurance standards aimed at improving the way condos are bought, sold and managed. These updated rules change the criteria for prospective condo buyers to obtain conventional financing through Fannie and Freddie, which has ripple effects across condo marketability, sale timelines and property values.

The changes are significant, impacting how condominium projects are reviewed and how they are expected to fund reserves, as well as setting new minimum standards for a condo’s insurance coverage and deductibles. Anyone in a position to buy, sell or manage a condominium under these new rules needs to know how these changes will affect them.

New flexibility in condo insurance requirements

Most condo owners know that recent years have presented numerous challenges to the condo insurance marketplace. Finding affordable coverage has been a challenge, especially when balanced against the need to maintain policies that include adequate coverage to meet industry or regulatory standards. Fannie and Freddie’s strict insurance requirements have made this more difficult in the past; however, the updated rules should have a favorable impact on a condo’s ability to obtain adequate coverage and thus qualify for conventional financing. 

The revised insurance requirements grant a lot more flexibility when it comes to insuring an association’s buildings. Prior to the issuance of the new lender letter, it could be extremely challenging for certain associations to meet Fannie and Freddie requirements. In particular, older properties, those located in high-potential catastrophic weather areas, or vertical condos with a history of water damage claims, struggled under the old requirements.

Depending on the specific exposures of an association, there could be cases where the underwriting marketplace simply wasn’t willing to offer necessary products, such as replacement-cost coverage for roofs or a deductible structure that complied with regulations, at all. By allowing Actual Cash Value coverage on roofs and specifying a $50,000 per-unit deductible cap, Fannie and Freddie are granting many associations more flexibility with their insurance companies, which will be able to compete and offer terms that meet the new standards. 

The shifting burden: Unit owners and reserve funding

The new rules’ impact on unit owners is a little more nuanced. While the changes offer a better opportunity to qualify for a Fannie- or Freddie-backed loan in a condo, unit owners will have to pay closer attention to the coverage on their HO-6 (condo homeowners) insurance policy, as it serves as the primary backstop to cover against potential gaps or a master deductible assessment. Technically, the revised requirements can potentially shift some burden of risk from the association to the unit owners. 

New requirements to adequately fund reserves are working in tandem with some of the changes to the insurance requirements. For example, if an association chooses Actual Cash Value instead of Replacement Cost for its roof coverage, there is the potential for a coverage gap that will need to be funded out of reserves, or else by special assessment.

In addition, better reserve funding practices over time avoid the potential for deferred maintenance, thus providing for better-maintained properties and reducing the likelihood of an insurance claim because of aging or decaying building features. This is one of the primary reasons for Fannie and Freddie requiring greater reserve funding standards in the most recent update. 

Adapting to the new reality of condo financial planning

Taken together, the March 2026 updates represent a clear shift toward practicality. Fannie Mae and Freddie Mac appear to be acknowledging the realities of today’s insurance market, particularly in higher-risk regions, and are creating a path for more associations to remain eligible for conventional financing. That said, these changes should not be viewed as a relaxation of standards as much as they are a redistribution of risk. Where associations are given flexibility on coverage structure or deductibles, there is a corresponding expectation that they are making informed decisions about reserves, maintenance and overall financial health.

For boards and property managers, the changes reinforce the importance of taking a more integrated approach to financial planning. Insurance, reserves and long-term capital planning can no longer be treated as separate conversations. Decisions in one area will directly impact the others and, ultimately, influence a community’s eligibility for financing. Associations that are proactive, whether by engaging qualified insurance advisors, updating reserve studies or stress-testing different coverage scenarios, will be better positioned to navigate these changes without introducing unintended gaps.

From a unit owner’s perspective, the takeaway is equally important. As associations adjust their insurance programs to align with the new guidelines, individual owners will need to take a more active role in understanding their own coverage. Reviewing HO-6 policies, confirming adequate loss assessment limits and coordinating with the association’s master policy are all becoming critical steps, not optional ones.

Ultimately, the communities that will benefit most from these updates are those that recognize the bigger picture. Financing eligibility, insurability and property values are more interconnected than ever. The associations that strike the right balance between flexibility and discipline will not only meet Fannie and Freddie’s requirements but will also position themselves as stronger, more resilient communities in an increasingly complex market.

Sean Kent, Senior Vice President, Insurance at FirstService Residential
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com. 

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The race to succeed America’s top banker is on.

Sources inside JPMorgan Chase, the nation’s top bank, say the elevation of two senior executives Doug Petno and Troy Rohrbaugh as co-presidents of the company, sets up a long-awaited horse race to succeed the voluble Jamie Dimon, its CEO for the past two-plus decades and widely regarded as the nation’s top banker.

As if to leave no doubt about his intentions, Dimon Thursday also announced that Marianne Lake, one of the highest-ranking women on Wall Street who had been seen as a frontrunner to succeed Dimon, “has decided to retire” from the bank.

Lake, a longtime executive who was head of the firm’s powerful consumer and community banking division, is said to be “not too happy” about being passed over for the top job. One indication was the absence of a statement from Lake in the press release, said people close to the bank. A JPM spokesperson had no immediate comment.

JAMIE DIMON REVEALS WHAT HE TOLD MAMDANI AFTER PRIVATE MEETING, SAYS IDEOLOGY CAN LEAD MAYORS TO FAIL

Jenn Piepszak, JPM’s chief operating officer, is also no longer considered a possible replacement for Dimon, people inside the bank say. Also out of the running is Mary Erdoes, the head of JPM’s asset management and wealth management business, On The Money has learned.

“The changes announced today mark an important step in our board’s thoughtful process around succession planning and development of our top leaders,” Dimon said in a press release. “We are fortunate to have in place an exceptional group of senior leaders, not only at our operating committee level but across our organization.”

DOJ PROBES JPMORGAN, CITIGROUP TRANSACTIONS TIED TO IRAN SUPREME LEADER’S BUSINESS NETWORK

Petno and Rohrbaugh had jointly run the firm’s powerful consumer and investment bank, and were considered top contenders to replace Dimon when he is expected to begin transitioning out of his role as CEO as early as this year, though he has always been obtuse about the timing of his decision and has left open the possibility to remain as chairman indefinitely.

That said, inside JPM headquarters in Midtown Manhattan, there was nothing obtuse about the elevation of Petno and Rohrbaugh. Dimon created the co-president position precisely to set up a horse race between the two to take over as CEO sometime soon, these people say.

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Both will have big shoes to fill. Since taking over as CEO of JPM in 2006, Dimon has emerged as the most important banker in the country and maybe its most important CEO. JPM is a sprawling “systemically important” institution that does everything from consumer lending to mergers and acquisitions to trading complex derivatives that are the plumbing of the global financial system.

He has successfully led the big bank through financial crises, small and large, such as the 2008 implosion and jostled with presidents from Barack Obama to Donald Trump over economic and banking policy. He is known for his shoot-from-the-hip public presence, and for his management acumen. JPM has been highly profitable and largely free of scandal during his reign. 

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LONDON — The use of an advanced genome-editing tool in early embryos pulled back the curtain on the role of one of the key genes that orchestrates the first stages of human development, scientists reported Thursday, a research endeavor that both focuses on a basic biological question and heightens the debate about whether such a tool could or should ever be used to make a baby. 

The new research, published in the journal Nature, underscored that next-generation genome-editing tools are more precise and less destructive than earlier forms of the revolutionary CRISPR technology, suggesting that embryonic DNA editing might in theory be used clinically one day, either to correct disease-causing mutations or, more thornily, to select for certain features or enhance certain traits. With the new study, scientists have also shown that an embryo can tolerate editing and still develop to the point whereby it could be implanted into a uterus.

Yet the researchers also reported that their use of so-called base editing didn’t result in consistent edits in every cell that made up the early embryos, creating a hodgepodge of altered and unaltered cells — a finding that echoed the results of a similar study reported earlier this month. 

Continue to STAT+ to read the full story…

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WASHINGTON — Democratic lawmakers have questions about the 79-year-old patient who received special access in April to retatrutide, Eli Lilly’s experimental obesity drug, and are pressing the Trump administration on if the person is the president or another prominent figure. 

STAT reported on Tuesday that Eli Lilly and the Food and Drug Administration offered the drug to the patient, who has refractory obesity, obstructive sleep apnea, and pulmonary hypertension, via the FDA’s “compassionate use” program. This pathway gives patients with serious and immediately life-threatening medical issues access to experimental treatments.

Continue to STAT+ to read the full story…

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The number of Americans filing applications for unemployment benefits declined sharply to the lowest level in four weeks, new government data show.
Initial jobless claims declined by 12,000 to a one-month low of 215,000 for the week ending 20, according to the Department of Labor.
This came in below the economists’ forecast of 225,000.
The four-week average, which strips out week-to-week volatility, ticked up to 224,250.
Over the past five years, unemployment claims have hovered between 200,000 and 250,000. In April, claims fell to their lowest level since 1969, reaching 190,000.
Employment conditions have been improving over the last three months after a rocky start to 2026. Hiring momentum has picked up heading into the summer months, while layoffs have remained low….

This post was originally published here

As Logan Mohtashami outlined in this week’s Housing Market Tracker, the key question for the second half of 2026 is whether housing can continue to hold up with mortgage rates hovering near 6.6%.

The regional data suggests the answer, at least for now, is yes.

Demand remains resilient across the country. Every major region posted positive year-over-year growth in pending sales for the week ending June 20, despite mortgage rates sitting near the upper end of Logan’s forecast range.

Pending sales growth by region:

  • Northeast: +4.1%
  • South: +6.9%
  • West: +8.4%
  • Midwest: +9.0%

That is an important finding heading into the second half of the year. Housing demand is not being supported by one hot market or one favorable region. Buyers are still showing up across the country, even with financing costs remaining elevated.

But demand is only half the story.

The bigger surprise is what is happening with inventory.

The inventory divide

National inventory appears stable on the surface. Active inventory stood at 830,939 homes for the week ending June 20, up just 0.25% from a year ago.

That flat national reading, however, hides a meaningful regional shift.

While the Northeast and Midwest remain the most supply-constrained regions in the country, they are posting the strongest inventory growth. Meanwhile, inventory is shrinking in the South and West after those regions spent much of the past two years working through a supply correction.

Inventory change by region:

  • Northeast: +7.2%
  • Midwest: +5.5%
  • South: -0.8%
  • West: -2.8%

In other words, the regions that have historically struggled with inventory shortages are adding supply, while the regions that led the inventory recovery are beginning to tighten again.

The result is a national market that looks flat, but only because regional trends are moving in opposite directions.

The South is driving the national story

The South remains the most important region to watch because of its outsized influence on the national housing market.

The region accounts for 459,019 active listings, or 55.3% of all inventory nationwide. By comparison, the West represents 21.6% of inventory, the Midwest 14.4% and the Northeast just 8.7%.

That means when inventory changes in the South, the national inventory story changes with it.

After leading inventory growth throughout much of 2025, the South is now seeing inventory decline modestly year over year. At the same time, it continues to carry the highest price-cut rate of any region at 39.4%, slightly above the national average of 38.6%.

The demand picture remains positive, with pending sales up 6.9% from a year ago. But the South also remains the region most exposed to shifts in affordability conditions because it holds the largest share of the nation’s inventory and continues to rely more heavily on seller price adjustments than other parts of the country.

Tight markets are getting slightly looser

The Northeast posted the strongest inventory growth in percentage terms, with active inventory rising 7.2% year over year.

That sounds significant until you consider the starting point.

The entire region has just 72,333 active listings. Even with inventory growth, supply remains extremely limited compared to the rest of the country. Price cuts are running at just 28.7%, the lowest of any region and nearly 10 percentage points below the South.

The Midwest tells a similar story. Inventory is up 5.5% year over year, while pending sales are up 9.0%, the strongest growth of any region.

These markets remain some of the most affordable in the country, helping explain why buyer demand continues to hold up despite higher borrowing costs. Mortgage rates may be creating friction, but they have not become a meaningful barrier to demand.

Do not overlook the West

The West may be the most underappreciated story in the data.

Inventory is down 2.8% year over year. Pending sales are up 8.4%. Price cuts have fallen from 38.1% to 36.3%, the largest improvement of any region.

Taken together, those trends suggest the West is continuing to work through its correction and may be further along in the process than many market observers realize.

Shrinking inventory, improving demand and fewer seller concessions are all signs of a market that is gradually tightening rather than weakening.

What to watch in the second half

Logan’s framework for the second half centers on two key questions: Can demand remain positive with mortgage rates above 6.5%? And what happens as year-over-year comparisons become more difficult beginning in July?

The regional data sharpens both questions.

The encouraging news is that demand remains positive everywhere. No region is currently showing the kind of deterioration that would suggest a broad-based housing slowdown is already underway.

The inventory picture is less straightforward.

The South’s massive share of national inventory means its trajectory will heavily influence the national numbers. If inventory continues to contract there while demand remains positive, national inventory growth could turn negative later this year.

Meanwhile, the West’s improving fundamentals could emerge as one of the more surprising housing stories of 2026 if current trends persist.

The national housing market is not standing still. It is being pulled in different directions by different regions, each responding to affordability, supply and demand pressures in its own way.

Housing demand is holding up everywhere. The question for the second half of 2026 is not whether buyers are still showing up. It is where inventory tightens, where it loosens and which regions ultimately shape the national story.

To follow these trends in real time, explore HousingWire Intelligence, which provides inventory, pricing, demand and market activity data at the national, metro and ZIP-code level. For weekly analysis of mortgage rates, housing demand and the macroeconomic forces influencing housing activity, read HousingWire’s Housing Market Tracker.

HousingWire used HousingWire Data to source this analysis. This article is based on single-family residence data through June 20, 2026. Enterprise organizations interested in licensing housing market data at scale can learn more about HousingWire Data.

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

Hi from BIO! I’m sitting in the frigid media room here next to STAT’s Brittany Trang, who is writing something scintillating about artificial intelligence. 

Today, we’ve got Lilly chasing aesthetics with a AI-designed experimental hair loss drug from Absci, see a stark rise in the U.S. health care spending, and consider China’s ever-rising presence in biopharma. 

Continue to STAT+ to read the full story…

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For many real estate agents, the challenge isn’t just generating leads — it’s capturing them. Buyers and sellers expect fast responses, especially when they’re ready to act on a hot listing or finally make the decision to sell. But what happens when your business misses that call or inquiry? The short answer: lost commissions that go unnoticed month after month. 

This article explores why real estate agents often lose deals simply due to slow or missed responses, and outlines practical strategies to reduce those losses and boost conversions. 

The hidden revenue leak: missed inquiries 

Most real estate agents track their marketing performance — website traffic, Zillow views, social media reach — but overlook one of the most critical parts of the client journey: how inbound inquiries are handled. 

Here’s what typically happens: 

  • A prospective buyer or seller finds you online, through a referral or on a listing platform 
  • They call, text or fill out a contact form 
  • They don’t hear back quickly enough 
  • They move on to the next agent 
  • The opportunity is gone — and you never knew it happened 

Buyers touring homes on a Saturday afternoon won’t wait until Monday morning for a callback. Sellers who are ready to list will sign with whoever shows up first with confidence and a plan. 

Why this happens 

Common reasons real estate agents miss leads include: 

You’re in a showing or with a client and can’t step away to take a new call. 

Inquiries come in after hours when you’ve mentally checked out for the day.

Lead notifications get buried in a busy inbox or ignored CRM.

No system exists for following up with web or platform inquiries consistently. 

During busy seasons, the volume of leads spikes beyond what one person can manage alone. 

The result? You spend money on marketing — paid ads, professional photography, listing promotions — but lose the value of those leads because no one responded in time. 

The real cost 

Let’s break it down with simple numbers: 

  • 10 missed or slow-response leads per month 
  • 20% conversion rate if properly followed up 
  • $8,000 average commission per closed transaction 

That equals: 2 lost deals per month → $16,000 in lost commission → $192,000 per year 

And that doesn’t include the long-term value of repeat business or referrals those clients could have generated — which in real estate can easily double or triple the lifetime value of a single relationship. 

What real estate agents can do 

1. Track missed and slow responses weekly 

Start by understanding the scale of the problem. Review how many inquiries came in, how quickly they were responded to, and how many went cold. If you don’t measure your response rate, you can’t improve it. 

2. Improve after-hours and in-showing coverage 

Clients don’t stop browsing listings at 5 pm. If you’re missing inquiries after hours or while you’re with other clients, consider automated response tools that acknowledge new leads instantly — letting them know you’ll be in touch shortly. A fast acknowledgment keeps prospects from moving on. 

3. Build a consistent follow-up process 

Having a defined process for handling inbound leads — how quickly you respond, what you say, and how you follow up — makes a measurable difference. Even a simple CRM with reminders can prevent good leads from slipping through the cracks. 

4. Use technology to support your business 

Modern lead-handling tools can help you respond to more inquiries, capture contact details automatically, and even pre-qualify prospects without requiring you to be available around the clock. These tools level the playing field between solo agents and large teams. 

Final thoughts 

Real estate agents who take lead response seriously win more clients. It’s not enough to generate demand — you must capture every opportunity when it arrives. By tracking your response performance, improving coverage during and after business hours, and optimizing how inquiries are handled, you can close more deals and significantly increase your income without necessarily increasing your advertising spend. 

If you’re missing just a few leads each month, the financial impact could be far bigger than you think — and the solution is closer than you realize. 

Seth Schumann is the Owner of Visionary Path AI, helping service businesses like real estate agencies capture more leads and grow revenue using AI-powered solutions.

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

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

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Consumer spending and business investment powered the U.S. economy in the first quarter, according to the final estimate from the Bureau of Economic Analysis.
The January–March GDP growth rate came in at 2.1 percent.
The initial estimate was 2 percent, then revised downward to 1.6 percent in the second projection.
Data show that consumer spending and business investment contributed significantly to the last quarter’s expansion.
In the first three months of 2026, consumer spending rose 0.5 percent.
Despite war-driven inflationary pressures, shoppers are still opening their wallets, and this is not entirely due to higher gasoline prices.
Excluding gasoline and automotive dealers, retail sales have been resilient. Additionally, Bank of America debit and credit card spending has been robust throughout much of the Iranian conflict….

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The Federal Reserve’s annual stress test found that the nation’s largest banks remain well-positioned to withstand a severe economic downturn, with all 32 institutions tested maintaining capital levels above regulatory minimums despite projected losses exceeding $708 billion.

The 68-page test results, released Thursday, showed that large banks would continue lending to households and businesses even under a hypothetical recession scenario that included sharp declines in commercial real estate and housing prices, along with a spike in unemployment.

The annual stress exercise is part of the Federal Reserve’s “supervision efforts” and “as required by the Dodd-Frank Act.” The document also said that the stress test assesses how large banks are likely to perform under hypothetical economic conditions.

The annual exercise evaluates whether major U.S. banks have sufficient capital to absorb losses during a severe economic shock. This year’s scenario envisioned a global recession featuring a 39% decline in commercial real estate prices, a 30% drop in home prices and unemployment rising to 10%.

“Today’s results underscore the strength of the banking system,” Federal Reserve Vice Chair for Supervision Michelle Bowman said in a statement. “As we work to increase the transparency and accountability of the stress test, public feedback will help us continue to improve and instill greater confidence in the stress test and its results.”

Under the scenario, banks collectively would incur more than $708 billion in losses, including roughly $200 billion tied to credit cards, $160 billion from commercial and industrial loans and $75 billion from commercial real estate lending.

This year, 32 banks participated in the test, including Ally Financial, Inc., American Express, Barclays US and Wells Fargo, among others.

“The 2026 stress test results show that the 32 large banks subject to the test this year have sufficient capital to absorb nearly $708 billion in losses and continue lending to households and businesses under hypothetical stressful conditions,” the test reads.

Despite the projected losses of $708 billion, the aggregate common equity tier 1 (CET1) capital ratio for the tested banks declined by only 1.6 percentage points and remained above minimum regulatory requirements.

The Fed said three primary factors shaped this year’s results. Higher projected loan losses, driven by larger loan balances and more severe economic assumptions, reduced capital levels. Capital was also pressured by lower projected unrealized gains on securities because the scenario assumed smaller declines in interest rates.

Those factors were more than offset by higher projected interest income, reflecting recent bank earnings performance and the scenario’s smaller assumed interest-rate declines, the central bank said.

The Fed noted that this year’s results will not affect large-bank capital requirements, which were published Thursday separately. Current capital requirements will remain in place until 2027, when the stress test will incorporate updates to the Fed’s loss-estimating models based on public feedback.

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The list of defendants in the Taylor Real Estate Settlement Procedures Act (RESPA) just got smaller.

The plaintiffs notified the court of their decision to voluntarily dismiss The Real Brokerage and The Frano Team, which is brokered by Real, from the Taylor suit on Wednesday. The parties were dismissed without prejudice, meaning that the plaintiffs could file another suit with the same claims against these defendants at a later date. 

When asked for a comment, Real told HousingWire that as a blanket policy the firm does not comment on litigation.

This notice comes just one day after Seattle-based Federal Court Judge James Robert approved a motion filed in March by Real and The Frano Team to compel arbitration between the two parties and the plaintiffs. In addition, the judge stayed the suit until the arbitration is completed. It is unclear if the stay will remain in place now that these parties have been dismissed. 

Originally filed in mid-September 2025, the Taylor suit claims that Zillow tricks consumers into using agents affiliated with Zillow through its Flex and Premier Agent programs, resulting in inflated home purchase prices. 

In December 2025, the lawsuit was consolidated with a second suit known as the Armstrong suit, which was first filed in early November, claiming that Zillow pressures agents in its Premier Agent and Flex lead programs to steer buyers to Zillow Home Loans for their purchase mortgage pre-approval. Allegedly, agents who send more clients to Zillow’s mortgage arm for their pre-approvals received extra or higher-quality leads in exchange.

Real and The Frano Team, as well as the Oregon-based brokerage Works Real Estate, were added to the consolidated suit via a first amended complaint filed in early January. In this complaint, the plaintiffs again claimed that Zillow tricks consumers into using agents affiliated with Zillow through its Flex and Premier Agent programs, resulting in inflated home purchase prices. Works Real Estate was voluntarily dismissed from the lawsuit in February. 

In a second amended complaint filed in April, the plaintiffs added eXp Realty as a defendant, accusing it of supporting Zillow’s “fraudulent business enterprise” by allegedly steering clients to Zillow Home Loans for their financing needs.

The court is still considering Zillow’s motion to dismiss the lawsuit. 

Zillow did not immediately return HousingWire’s request for comment. 

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For a week, the chipmakers had been getting beaten up. On Thursday, June 25, one earnings report turned the whole mood around.

Micron Technology opened the day on fire, and it dragged the rest of Wall Street up with it. The memory maker’s blowout quarter, reported after Wednesday’s bell, did exactly what the market needed: it reassured nervous investors that the artificial-intelligence boom is still very much alive and spending. But the celebration came with a catch. Minutes before the open, the Commerce Department reported that its Personal Consumption Expenditures price index — the inflation gauge the Federal Reserve watches most closely — climbed at a 4.1% annual pace in May, the hottest reading since April 2023, a leftover sting from the Iran war working its way into prices.

So stocks rose, but they rose looking over their shoulder. The Dow Jones Industrial Average added about 0.65%, pushing up from Wednesday’s close of 51,848.90. The S&P 500 gained roughly 0.52% from 7,358.22, and the tech-heavy Nasdaq Composite managed about 0.24% from 25,476.64, held back even as chips soared because investors were trimming elsewhere. The small-cap Russell 2000 tacked on 0.37%. Not a stampede — but after the bruising semiconductor sell-off of the past several days, plenty of traders would take it.

Market movers

Micron was the whole story at the open, jumping roughly 18%. The numbers explain the excitement. The company earned an adjusted $25.11 a share, blowing past the $20.78 analysts polled by LSEG had penciled in, on revenue of $41.46 billion that more than quadrupled from a year ago and sailed past the $35.85 billion Wall Street wanted. Then came the part that really moved the stock: Micron told investors to expect around $50 billion in sales this quarter, far above the $43.58 billion forecast, with cloud-memory revenue up more than 300% to $13.77 billion. Analysts at Bank of America Global Research doubled down on their bullish call, saying the results point to a sturdier, longer memory cycle built on AI demand.

The relief rippled straight through the sector. Qualcomm climbed about 10% after using its investor day to nearly double its 2029 target for non-phone revenue to roughly $40 billion, from $22 billion, as it muscles into data-center chips and servers. The rest of the group rode the wave — Sandisk, Western Digital, KLA, Lam Research and Applied Materials all rose in sympathy.

It wasn’t only chips. Bio-Techne rocketed about 19.6% after agreeing to sell itself to drug giant Merck for $73 a share. The retail crowd kept its grip on Wendy’s, sending the burger chain up another 7% and leaving it roughly 32% higher on the week — a reminder that small investors, not just earnings, are still moving stocks. SpaceX, fresh off the largest IPO ever, rose 4.3% to $160.98.

Not everyone joined the party. Hertz Global Holdings slid about 6.1%, Dollar Tree dropped 3.6%, and dialysis company DaVita fell 3.3%. Daniela Hathorn, senior market analyst at Capital.com, summed up the turn nicely, saying Micron’s results gave the market fresh proof that the AI spending wave hasn’t crested — and that investors seem willing to look past short-term turbulence as long as the earnings keep coming.

The economic data underneath was murkier. Orders for big-ticket durable goods tumbled a steeper-than-expected 4.5% in May, to $332.1 billion, the Census Bureau said, snapping a two-month winning streak. And in a quieter headline, JPMorgan Chase named two executives to new co-president roles, the latest move in CEO Jamie Dimon’s slow-motion search for a successor.

Commodities and volatility

At the gas pump, the news kept getting better. Brent crude traded just under $74 a barrel and U.S. West Texas Intermediate sat around $70, both near pre-war lows, as oil moved freely again through the Strait of Hormuz. Gold caught its breath near $4,000 after slipping below that line on Wednesday for the first time in seven months. The Cboe Volatility Index, Wall Street’s fear gauge, which had spiked toward 19.5 during the week’s tech scare, drifted lower as nerves settled. Bonds were the one place the hot inflation print bit: after the 10-year Treasury yield tumbled below 4.5% a day earlier on cheaper oil, the stubborn price data gave traders a reason to pause.

The question now is whether the chip rally has the legs to carry through the close, with Qualcomm’s investor day, the final read on first-quarter growth, and Darden Restaurants earnings still on deck. One thing the morning made clear: Micron bought the bulls some breathing room, but that 4.1% inflation number keeps the Fed and Chair Kevin Warsh right in the middle of the story — and keeps the market honest.

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

You’re reading the web edition of STAT’s Health Tech newsletter, our guide to how technology is transforming the life sciences. Sign up to get it delivered in your inbox every Tuesday and Thursday.

Good morning health tech readers!

Do health tracking apps and turmeric pills have anything in common? Several times while listening to Planet Money’s very fun and informative episode on dietary supplement regulation I thought to myself, “huh, that sentence could easily apply to wellness products.” Yes, I think about regulation of low-risk medical devices in my free time.

Continue to STAT+ to read the full story…

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The fiercest competition in artificial intelligence right now is not over smarter chatbots, faster models, or bigger valuations.

It is over electricity.

As AI companies race to build the infrastructure needed to power the next generation of artificial intelligence, access to energy is emerging as one of the industry’s most important strategic advantages. What was once a technology story is increasingly becoming a power-grid story.

The challenge reached Washington this week as lawmakers debated whether technology companies should bear more of the costs associated with the massive strain AI data centers are placing on electrical infrastructure.

Behind every AI query sits a network of servers, advanced processors, cooling systems, and storage equipment consuming enormous amounts of power.

The scale is difficult to comprehend.

Modern AI data centers require vastly more electricity than traditional cloud-computing facilities. A single large AI campus can consume as much power as a small city.

That reality has created a race unlike anything the technology industry has faced before.

Among the major players, Amazon and Google increasingly appear to hold important advantages.

Amazon benefits from the enormous footprint already established through Amazon Web Services, the world’s largest cloud-computing provider. Decades of investment have given AWS access to critical data-center locations, utility relationships, and transmission infrastructure that newer competitors cannot easily replicate.

Google’s approach has focused heavily on long-term energy partnerships.

The company has secured major renewable-energy agreements, invested in next-generation technologies, and pursued innovative approaches to guaranteeing future electricity supplies. These efforts are designed not only to support sustainability goals but also to ensure adequate energy for future AI expansion.

Other competitors are making similar moves.

Microsoft has pursued nuclear-energy agreements. Meta continues investing heavily in renewable-energy projects. OpenAI and its partners are exploring large-scale energy initiatives capable of supporting future AI systems.

The urgency reflects forecasts from energy analysts.

Global electricity demand from data centers is expected to rise dramatically during the next decade, driven primarily by artificial intelligence workloads. Some projections suggest AI-related power consumption could double or even triple before 2030.

That growth creates important economic and political questions.

When utilities invest billions of dollars to expand transmission networks, build generation capacity, or upgrade infrastructure, someone ultimately pays the bill. Policymakers increasingly want to ensure residential customers and small businesses are not forced to subsidize AI expansion.

The investment numbers are staggering.

Technology companies collectively expect to spend hundreds of billions of dollars annually on AI infrastructure, making this one of the largest capital-investment cycles in modern corporate history.

Yet money alone cannot solve the problem.

Building power plants takes years. Expanding transmission networks requires permits, environmental reviews, and regulatory approvals. Securing reliable energy supplies has become a long-term strategic challenge rather than a simple purchasing decision.

That reality increasingly favors companies that planned ahead.

Those that already control major data-center campuses, established utility relationships, and long-term energy contracts possess advantages that become more valuable as electricity demand rises.

The next stage of the AI race may not be determined solely by algorithms, software, or semiconductors.

It may be determined by something much simpler.

Who can keep the lights on.

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

Israeli-founded AI biotech company Immunai announced Thursday a new discovery collaboration with German pharmaceutical giant Boehringer Ingelheim aimed at identifying novel T-cell targets across immuno-oncology and autoimmune diseases.

The initial collaboration is valued at up to $15 million and will run through 2027, with the possibility of expansion based on scientific progress and mutual agreement, the companies said.

Under the agreement, Immunai and Boehringer Ingelheim will build a data foundation spanning cancer and autoimmune disease and apply Immunai’s single-cell artificial intelligence platform to thousands of patient samples. The goal is to identify patterns of T-cell dysfunction that could point to new drug targets.

T cells are a central part of the immune system. In cancer, T-cell dysfunction can prevent the immune system from effectively attacking tumors. In autoimmune disease, immune dysfunction can contribute to the body mistakenly attacking its own tissues.

What makes this research different to what came before?

The companies said the collaboration is designed to examine both fields together, rather than treating cancer immunology and autoimmune disease as separate areas of research. The most promising findings will be further explored in Immunai’s wet lab and could serve as starting points for new drug-discovery and development projects at Boehringer Ingelheim.

“Cancer immunology and autoimmune diseases both involve T-cell dysfunction, but they have largely been explored separately,” said Noam Solomon, PhD, CEO of Immunai. “This collaboration brings together large-scale, clinically grounded data, translational science and functional validation to support broad target discovery across both fields.”

Solomon said the companies hope that by taking an unbiased approach across thousands of patient samples, they can uncover biological insights and therapeutic opportunities “that would otherwise remain hidden.”

Immunai’s AMICA-OS AI operating system integrates immune-focused single-cell data with AI models and lab-based target validation. The company says the platform is intended to generate insights that can help pharmaceutical companies discover and develop new treatments.

Lamine Mbow, PhD, global head of discovery research at Boehringer Ingelheim, said the collaboration reflects the company’s effort to find new approaches in areas of major unmet medical need.

“Across oncology and inflammatory/autoimmune diseases, patients continue to face serious unmet medical need, and too many still lack treatment options that can meaningfully change the course of disease,” Mbow said.

“At Boehringer Ingelheim, we are committed to identifying and developing new treatment approaches and novel modalities in areas where patients need more,” he added.

The collaboration marks a new step in cancer research

Mikael Dolsten, MD, PhD, a board member of Immunai and former chief scientific officer at Pfizer, said the collaboration addresses a long-standing problem in drug discovery: the tendency to study related immune mechanisms in separate research settings.

“Researchers in oncology and autoimmune disease may be observing related T-cell dysfunction biology, but too often in separate systems and contexts,” Dolsten said. “What is distinctive about this collaboration is that it is intentionally designed to bridge that gap through a concrete discovery program.”

The announcement comes as major pharmaceutical companies are increasingly turning to AI and large-scale biological datasets to improve drug development.

Immunai, headquartered in New York City, uses single-cell genomics and machine learning to map the human immune system and support the development of new therapeutics. The company has raised close to $270 million to date and employs more than 170 people.

The Boehringer Ingelheim agreement follows several other Immunai partnerships with major pharmaceutical companies. In January 2026, Immunai announced a collaboration with Bristol Myers Squibb to apply AMICA-OS across oncology clinical development programs. In May 2026, the company announced a third expansion of its multi-year collaboration with AstraZeneca.

Cancer and autoimmune diseases continue to affect millions of people worldwide. According to the companies, there were an estimated 20 million new cancer cases and 9.7 million cancer deaths globally in 2022, while recent large-scale research suggests autoimmune disorders may affect around one in ten people.

For Boehringer Ingelheim, oncology and inflammatory or autoimmune diseases are both strategic areas of focus. The company said the collaboration with Immunai is part of its effort to pursue new biology and develop medicines for patients who still lack effective treatment options.

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The Defense Ministry on Thursday marked the twentieth anniversary of Hamas’s kidnapping of Gilad Schalit to Gaza by releasing never-before-seen military logs detailing the events of that fateful day minute-by-minute.

According to the ministry, the new records rest mostly on reports that an IDF command center received in real time via communications devices with soldiers in the field, as well as handwritten reports and updates.

Schalit was later released back to Israel in 2011 in a deal that had support from more than 80% of the public at the time, but since the mid-2010s has become overwhelmingly unpopular due to the more than 1,000 Hamas prisoners released.

Regarding the story, the vast majority of the basic narrative released on Thursday was previously reported, but the new material highlights the utter confusion and problematic critical delays in the IDF’s reaction time to the cross-border abduction.

Hamas captured Corporal Schalit when its operatives emerged from a tunnel dug into Israeli territory to successfully surprise and ambush his tank team, killing Lt. Hanan Barak and Staff Sergeant Pavel Slutske, early in the morning of June 25, 2006.

Newly released documents show confusion on the day of the attack

Schalit was lightly wounded in the attack and taken back to Gaza.

According to the newly released records, the first report regarding the attack came at 5:13 a.m., noting numerous explosions had been heard near Kerem Shalom, with the initial view being that Hamas had fired rockets into the area.

At 5:14 a.m., only a minute later, the log noted “there are casualties.”

Next, the documents show an order on IDF walkie-talkies “send a battle helicopter” to the area.

Shortly after, soldiers reported that the tank team had been hit by an anti-tank missile, that at least one Hamas operative had been hit, and that at least another one had been involved.

Almost 90 minutes after the ambush, soldiers in the field reported in on their walkie-talkies that at least one unnamed “soldier was missing from the tank.”

Minutes later, a commander called out the “Hannibal” order, which at the time would have allowed IDF soldiers to take all measures, including shooting Schalit along with his captors, to prevent his abduction.

Around a decade later, the IDF modified the Hannibal Protocol to allow aggressive use of force, but not firing on potentially abducted soldiers themselves.

This issue would creep into both the 2014 and 2023 wars with Hamas.

Around 7:15 a.m., IDF soldiers radioed in that they had discovered a helmet and a bloodstained flak jacket near the Gaza border.

It would take them around 45 more minutes to identify that Schalit was the soldier who had been kidnapped.

Schalit’s parents led a nationwide campaign pressing for a prisoner exchange deal.

Over the five years of his captivity, Schalit’s parents led a nationwide campaign pressing for a prisoner exchange deal.

Among those released in the exchange was Yahya Sinwar, who by 2017 rose to become Hamas’s leader and eventually the mastermind of Hamas’s October 7, 2023, invasion of southern Israel, which killed 1,200 people and led to the abduction of 251 others.

Schalit was discharged from the military in 2012 with the rank of sergeant major.

But the Schalit deal and its ripple effects were another factor that led to a 50-day war between Israel and Hamas in 2014.

At the time, there were more incidents of Palestinians who had been released in the deal, returning to terror, with one assassinating senior police official Baruch Mizrahi.

In response to that growing threat and to Hamas kidnapping three teenage Israelis in the summer of 2014, the IDF re-arrested 60 Schalit deal releasees.

In 2017, The Jerusalem Post reported exclusively that the original plan had been to hold these releasees in administrative detention only for a few months to apply short-term pressure on Hamas to give up the three kidnapped teenagers (who it turned out had already been killed) and to carry out fewer terror operations.

However, the Post reported that then IDF West Bank Chief Prosecutor Lt. Col. Maurice Hirsch intervened and convinced the Shin Bet and other officials to send 48 out of the 60 Palestinians back to prison for much longer periods of years as the price for returning to terror, which violated the terms of their release.

Hirsch told the Post, “One of the recommendations… related to a prisoner who had been released in the Schalit deal… The information gathered… indicated that he had indeed breached the conditions of his release.”

“We can approach a committee which is equivalent, possibly to the parole board… and claim that that person had breached the conditions of their release and therefore he had to return to serve the rest of the sentence… from the original trial,” Hirsch added.

He noted that, “This specific person was brought to me because of his background and I then said to the security forces, this person cannot go to administrative detention. But we should approach the committee for canceling the conditional release in order to return him to prison.”

Analyzing the circumstances of the discussion, he said, “Obviously, the security forces hadn’t thought of this option previously, for had they thought of that option before I brought it up, they would naturally have brought this person with the recommendation to bring him before that same committee… The security force… much appreciated my suggestion.”

While Israel managed to send many of these Schalit deal releasees back to prison, Hamas claimed that one of the critical reasons that it went to war with Israel later in 2014 was over these re-arrests.

The kidnapping of Schalit also served Hamas as a model for kidnapping Hadar Goldin in 2014, and for various other ambushes it undertook from tunnel attacks over the years.

Schalit married around a decade after his release and now works as a sports journalist, mostly staying out of the limelight. 

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The recent confrontation with Iran underscored the strategic value of the partnership between Israel and the United Arab Emirates and highlighted the potential for expanding it well beyond its current scope.

Unlike some regional actors, Abu Dhabi has consistently demonstrated that its commitment to regional stability extends far beyond rhetoric.

This has been evident not only during the conflict with Iran but also through its sustained engagement across the Middle East and the Horn of Africa, where it has worked to counter extremist actors and secure critical trade routes.

During the war, the UAE reportedly came under more than 2,200 launches targeting its territory. 

Among the Gulf states, Abu Dhabi stood out for adopting a particularly firm public stance toward Iran.

Beyond its statements, the UAE actively pursued practical measures on the international stage to help reopen the Strait of Hormuz, explored participation in a US-led military effort, and, according to investigative reports, carried out a number of strikes inside Iranian territory.

At the same time, Abu Dhabi reportedly implemented administrative measures against Iran aimed at increasing pressure on Tehran.

This involvement helps explain why the Emirati leadership is unlikely to view the end of the fighting as the end of the story. Although Abu Dhabi issued positive statements following the digital signing of the memorandum of understanding on June 17, diplomatic messaging likely masks a considerable degree of unease.

That concern stems both from the UAE’s firm position toward Iran throughout the conflict and from its geographic proximity to Tehran, which made it a primary target for Iranian attacks during the war.

From Abu Dhabi’s perspective, even if current tensions subside, the risk of renewed drone attacks, missile strikes, or indirect operations by Iran and its proxies is unlikely to disappear.

Yet alongside the risks created by the UAE’s confrontational stance toward Iran, this reality presents a significant opportunity to deepen cooperation with Israel.

The recent war has opened a window for advancing long-term initiatives that can strengthen the security and economic resilience of both countries while contributing to the development of a new regional architecture built on stability, security, and economic growth.

Importance of Israel’s relation with the UAE

The importance of this partnership becomes even greater in light of the possibility of a reduced American footprint in the region.

In such a scenario, stronger ties with the UAE would allow Israel to rely on an increasingly influential regional partner that shares key strategic interests: containing Iran, countering political Islam, and responding to the growing influence of regional power centers led by Turkey and its allies, which seek to promote a regional order rooted in movements affiliated with the Muslim Brotherhood.

For Abu Dhabi, deeper cooperation with Israel aligns closely with its national vision of establishing itself as a regional hub for innovation, advanced industries, and strategic infrastructure.

Building on these shared interests, Israel, the UAE, and the United States should work together to elevate the existing partnership across several key areas.

The first is expanding security and technological cooperation, particularly in air defense, counter-drone capabilities, advanced early-warning systems, and artificial intelligence-based solutions.

Combining Israeli technological expertise with Emirati resources and industrial ambitions could generate a significant strategic advantage for both countries.

A second area is advanced technology. Israel and the UAE are already participating in American-led initiatives designed to strengthen cooperation in artificial intelligence, semiconductors, cloud computing, and data centers.

By combining Israel’s strengths in innovation and research with the UAE’s capital, infrastructure, and global connectivity, the two countries can position themselves as leading players within the Western technology ecosystem.

A third priority is advancing the India-Middle East-Europe Economic Corridor (IMEC). The recent war exposed the vulnerability of global trade routes and the risks associated with dependence on maritime chokepoints such as the Strait of Hormuz and the Suez Canal. 

Developing IMEC as an integrated corridor for trade, energy, data, and innovation would provide both countries with substantial strategic and economic benefits while enhancing the resilience of regional and global supply chains.

Finally, the partnership must not rest solely on governments and security establishments. Business ties, private investment, and collaboration among entrepreneurs and companies have become some of the most important drivers of the Abraham Accords’ success.

Expanding the role of frameworks such as the UAE-Israel Business Council and encouraging greater two-way investment would strengthen the civilian foundations of the relationship and help ensure the long-term durability of a partnership that has been years in the making.

The Iran conflict demonstrated that the Israel-UAE relationship is far greater than a diplomatic achievement. It is a partnership forged under fire – one grounded in shared sacrifice, common security challenges, and a mutual commitment to regional stability. The challenge now is to translate that reality into a deeper, more institutionalized partnership capable of shaping the future of the region.

Ronen Levy (Maoz) is a senior fellow at the Misgav Institute for National Security & Former senior defense and diplomatic official.

Noa Lazimi is a fellow at the Misgav Institute for National Security.

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Britain’s National Health Service will make its pioneering Jewish BRCA testing program permanent after a pilot initiative identified hundreds of people carrying inherited cancer-linked genetic mutations, according to a report from The Jewish Chronicle.

The program, launched in partnership with Jewish health organizations and genetic specialists, offers testing for three BRCA mutations that are significantly more prevalent among people of Ashkenazi Jewish ancestry. Carriers face substantially increased risks of developing breast, ovarian, prostate, and pancreatic cancers. 

Those with Ashkenazi Jewish ancestry have a one in 40 chance of carrying a BRCA1 or BRCA2 compared to a one in 250 chance for the general population.

“I’m pleased to confirm that BRCA testing for the Jewish community is here to stay, as the NHS plans for this to become routine from 2027/28,” said James Murray, the secretary for health and social care, in an interview with the JC.

Over 700 people have already been identified, giving them access to counseling, monitoring, and in some cases, preventative treatment. This is what our shift from sickness to prevention looks like in practice – catching problems early and giving people the chance to act.”

Success of pilot program led to creation of permanent system

More than 43,000 people registered for testing during the pilot, with over 500 BRCA mutation carriers identified and referred for genetic counseling and preventative care pathways, according to program data.

Louise Hager MBE, chair of Chai Cancer Care, said, “Knowing your genetic risk can be life-changing. Earlier identification of cancer risk gives people the opportunity to make informed decisions about screening, prevention, and treatment, and ultimately can help save lives.” 

Many BRCA carriers do not meet traditional family-history criteria for testing despite carrying inherited mutations associated with significantly elevated cancer risks.

NHS officials have indicated that the success of the pilot has helped support plans for a permanent service, with the program expected to inform future approaches to population-based genetic screening and precision medicine.

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A disabled elderly Jewish woman was allegedly subjected to a tirade of antisemitic abuse and filmed without her consent inside the Vodafone Elsternwick store in Melbourne earlier this week.

The woman, who asked to remain anonymous, recounted the incident to Dr. Dvir Abramovich, Chair of the Anti-Defamation Commission (ADC).

She reported entering the Vodafone store at approximately 3:35 p.m. on Tuesday, June 23, seeking help with a pocket WIFI device.

After several rounds of being told by a young man at the Vodafone store that the device only needed charging, the employee became visibly agitated and did the following: shouted “Free Palestine” at the elderly lady repeatedly inside the store; called her a “dirty Zionist”; told her “Jews are disgusting”; insisted she hand over her personal mobile phone with no explanation; and filmed her on a phone without her consent while she stood trapped at the counter, unable to leave without her device.

After the ordeal ended, the woman burst into tears in the street.

She has since formally complained to Vodafone.

“Him saying Free Palestine to me basically felt like a call for my murder,” she told Abramovich. “I was very scared. I didn’t know what he was capable of. And I just hope he doesn’t have my details and that he doesn’t doctor the video or use it in any way. I feel very unsafe and scared for my life and for my future.”

Antisemitism in Australia is becoming more frequent 

Abramovich said, “The geography of harassment and abuse of Jewish people in Australia is expanding by the minute.”

“If you had described this chilling scene to an Australian five years ago, they would have laughed in your face. Today, this is the new normal for us.”

He told The Jerusalem Post that the woman was likely identified as Jewish due to her Jewish-sounding surname, which would have appeared in the system. Otherwise, she wasn’t wearing anything to identify her.

He also told the Post that he received an email from a Communications Head at Vodafone saying they’re taking the claims very seriously and investigating this as a matter of urgency.

“If they don’t handle it properly, they’re going to lose a lot of customers. It’s quite rare for this kind of outburst to happen. So they would want to handle it as quickly as possible, as far as the optics are concerned.”

“To Vodafone, this happened on your watch,” he said. “Inside your store. By your employee. Don’t think about issuing a polite corporate statement and moving on. Suspend the worker concerned pending the outcome of an internal investigation and issue a public statement of accountability. And we want the video filmed of this woman recovered and deleted before it ends up in the sewer of social media.”

“This is not just antisemitism on the rise. This is a war zone for us and every Jewish Australian knows it.”

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On June 23, the Board of Peace highlighted the important role that Morocco will play in the International Stabilization Force (ISF) for Gaza.

“The ISF welcomes its newest members from the Royal Moroccan Armed Forces. Their arrival strengthens the international effort to support the people of Gaza,” the Board posted on social media.

Although the post is light on details, Morocco’s role is expected to be important. It comes as a meeting of the Board is expected in Cyprus, and there are calls in Gaza for protests against Hamas this week.

Arab News, a media outlet in Saudi Arabia, reported that “officers from the Moroccan military, whose deployment was announced in February, have arrived in Israel to join a nascent international force for Gaza, US President Donald Trump’s Board of Peace said Tuesday.”

The report noted that an official had told the AFP that the contingent arrived on June 18 at the headquarters of the International Stabilization Force (ISF) in southern Israel.

Contributions to the ISF’s overall structure, policing, personnel

“The contingent is expected to contribute to the development of the force’s overall structure and provide expertise in several areas, including policing, the official said. He confirmed the presence of four Moroccan officers but did not specify whether the contingent included additional personnel,” Arab News noted.

This is important and comes as the region shifts focus from the conflict with Iran to what will happen next in Gaza.

Last week, a source told The Jerusalem Post that Hamas would not be allowed to veto what comes next and spoil efforts to achieve the next steps toward peace.

Morocco has joined several other countries that have committed to backing the ISF. Morocco has warm ties with Israel and is an important country in North Africa. It is important for security and has historic warm ties with the US. The ISF is an important component in advancing the peace plan envisioned by US President Donald Trump.

The Trump administration secured a ceasefire in Gaza in October 2025 after working with Arab and Muslim countries and Israel to achieve a deal. The deal enabled the rapid establishment of the Civil-Military Coordination Center in Kiryat Gat, southern Israel.

This helped enable aid and coordination of support for civilians in Gaza in mid-October.

The US also got UN support for the 20-point peace plan for Gaza. In November 2025, the UN noted that “the UN Security Council adopted a resolution [2803] on Monday that endorses a peace plan for Gaza put forward by United States President Donald Trump and a temporary international force in the enclave following two years of war.”

At the time, the resolution welcomed the establishment of the Board of Peace and also authorized it “to establish a temporary International Stabilization Force (ISF) in Gaza ‘to deploy under unified command acceptable to the BoP.” Countries that contribute were expected to work in “close consultation and cooperation” with Egypt and Israel.

In January, the White House noted that at a ceremony in Davos, Switzerland, “President Donald J. Trump formally ratified the Charter of the Board of Peace – establishing it as an official international organization. President Trump, who is serving as the Board’s Chairman, was joined by Founding Members representing countries around the world who have committed to building a secure and prosperous future for Gaza that delivers lasting peace, stability, and opportunity for its people.”

A step towards transforming Gaza from region of despair to hope

The White House also said this was “another pivotal step forward in realizing President Trump’s vision of transforming Gaza from a region plagued by conflict and despair into one defined by opportunity, hope, and vitality.”

In the months since January, progress has been slow on establishing the ISF and the forces that will be part of it. Kosovo, Kazakhstan, Morocco, Indonesia, and Albania were named as countries contributing.

However, so far, it is not clear whether Indonesia will contribute the reported forces. Kosovo and Albania sent several personnel to evaluate a future deployment to Gaza in late April.

The post about the Moroccan support is important. As with the Kosovo and Albanian contributions, the initial number of Moroccan personnel appears small.

Arab News said that four Moroccan officers had arrived. It was not clear if or when more would arrive.

“In February, Morocco committed to deploying police officers and military personnel to the Gaza Strip, becoming the first Arab country to do so publicly. In mid-January, Washington announced the launch of the second phase of Trump’s plan for Gaza aimed at bringing a definitive end to the war triggered by Hamas’s October 7, 2023, attack on Israel,” Arab News noted.

The initial vision for the ISF was that thousands of personnel would help to create stability in Gaza. This is also supposed to work with a new Palestinian police force that is supposed to be trained.

Egypt, Morocco, and European countries appear set to play a potential role in this effort as well.

The Cyprus Mail reported on June 24 that “the Gaza Board of Peace will hold a two-day summit in Cyprus on June 30 and July 1, Cypriot government spokesman Konstantinos Letymbiotis confirmed on Wednesday, though he was keen to stress that the government remains on the board’s periphery.”

The report quoted the Cypriots as saying that “the Republic of Cyprus is neither an organizer, nor a co-organizer of the event, of course… The fact that this board’s administrative arm… has chosen our country, a country which has proven in practice how beneficial it is and how many initiatives it has undertaken, as well as the efficiency of those initiatives in terms of humanitarian support for the civilian population in Gaza, has its own high importance.”

The report added that “Cyprus was one of dozens of countries invited to join the Board of Peace, with Kombos saying on the day of the board’s inauguration that the island was waiting for the European Union to form a common position on the matter before taking a decision.”

Much work remains to be done. There is the Palestinian National Committee for the Administration of Gaza (NCAG) that is supposed to play a role. There is also the Board’s High Representative for Gaza, Nickolay Mladenov.

In Gaza, there are also calls for protests against Hamas.

This is expected to begin this week on Friday, according to information circulating on social media. Hamas has already begun a crackdown as it fears it may finally be confronted by the 2 million civilians trapped under its rule.

This also comes amid reports that the IDF continues to slowly expand the area of its control in Gaza. Yesterday, a civilian contractor working with the IDF was killed in a building collapse in Gaza.

Raed Abu Al-Qian of Hura was working on engineering projects in Gaza on behalf of the Defense Ministry. 

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A celebration of Mexico’s World Cup match victory took a violent turn on Wednesday night after a car rammed through a crowd of fans in the popular tourist resort of Cabo San Lucas, injuring over a dozen people, Los Cabos’ city hall said in a statement.

A total of 17 people received medical treatment, the statement added, including the driver, who was arrested.

Multiple visuals posted on social media, verified by Reuters, show a black car surrounded by a crowd of people wearing Mexico’s national football team shirts. The car then accelerated into the crowd, throwing people into the air before crashing into bollards.

Other videos verified by Reuters show the crowd pulling someone from the car and attacking them while multiple people lie bloody on the ground in unknown condition.

Los Cabos mayor expresses solidarity with car ramming victims

“I would like to express our deepest solidarity with the people affected and their families following the unfortunate events that occurred tonight,” Los Cabos’ Acting Mayor Jose Manuel Larumbe said, promising to keep the public informed regarding authorities’ investigations into the incident.

Located on Mexico‘s Baja California peninsula, Cabo San Lucas is one of Mexico’s top luxury tourist destinations and one of the two principal cities within the Municipality of Los Cabos, which also includes San Jose del Cabo and the resort corridor connecting them.

Celebrations erupted across Mexico on Wednesday evening after Mexico beat the Czech Republic 3-0 in their final game of the World Cup group stage.

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Russia has been pressuring its ally Belarus to open a new front against the war with Ukraine, the Wall Street Journal reported on Tuesday.

Former and current Russian and European officials familiar with the matter told the WSJ that Russia has requested to use Belarusian territory to launch even more drones into Ukraine. The Kremlin has also floated using Belarus, where it notably stores tactical nuclear weapons, in operations against NATO countries in Europe.

In 2022, Russia used Belarusian territory to invade Kyiv quickly. However, after Ukrainian forces pushed back the Russian army, Moscow stopped using Belarus to launch attacks.

While situations along the Ukrainian-Belarusian border are still tense, Minsk has somewhat stayed out of the war since then.

“We have said many times that it is absolutely unacceptable for the war between Ukraine and Russia to spill over into Belarusian territory,” President Alexander Lukashenko said earlier this month, adding that his country is “very vulnerable militarily.”

Will Alexander Lukashenko double down on relations with Russia?

Several US officials have visited Belarus since Trump’s election, and have tried to sway autocratic Lukashenko away from Putin.

The Trump administration lifted some sanctions on Belarus in September, and in exchange, Lukashenko gradually released around 500 political prisoners.

But as the war drags on, Lukashenko appears to be moving back to bolstering relations with his close ally, Putin.

Moscow has been using more ground drone stations in Belarus, where about 2,000 Russian troops are stationed, and Belarus has been selling Russia oil and gas as its fuel crisis deepens, the WSJ reported. 

Moscow still relies on Belarus, which has two large refineries, to process Russian oil and sell gasoline, diesel, and jet fuel back to Russia.

In the first five months of this year, rail shipments of gasoline from Belarusian refineries to Russia surged nearly 13-fold compared to the same period last year, while shipments of Belarusian diesel tripled, according to Reuters sources.

Zelensky warns Lukashenko to take down Russian ground drone stations

Ukrainian President Volodymyr Zelensky said that he had received intelligence that Minsk and Moscow were communicating on potential plans to use Belarusian territory to attack southern Ukraine or northern Baltic states.

He gave Lukashenko a week to take down the Russian drone stations and appeared to warn that he would strike them.

“I think a week will be enough for him to do it. If he doesn’t do it, we will,” Zelesnky said in a press conference earlier this month in Kyiv.

On Wednesday, Zelensky said the stations had stopped working.

“When Lukashenko says he does not want to be involved in the war, he should be honest, at least with his own people,” Zelensky said earlier this month. “It is not only he who could be drawn into the war: his entire country could be dragged into it by Russia.”

Belarusian President Alexander Lukashenko said that French President Emmanuel Macron warned him against taking any further action in the war, according to the report. 

Macron reportedly told Lukashenko that he had intelligence suggesting Belarus was going to take further action in the war, and warned him against it.

An aide to the French president confirmed the call to the WSJ, and said Macron “emphasized the risks Belarus faces if it allows itself to be drawn into Russia’s war of aggression against Ukraine.”

A former Russian intelligence officer briefed on operations confirmed the WSJ report, and added that Moscow’s ambassador to Minsk, Boris Gryzlov, is threatening to cut off financial lifelines.

The sources who spoke to the WSJ asserted that there are no physical indications that a Russian attack from Belarus is imminent, besides the drone stations, but the possibility is still there.

They told the WSJ that if Belarus were used for a Russian attack, it could be aimed at testing NATO defenses or more attempts at undermining support for Ukraine.

On Thursday, the Kremlin denied the WSJ report.

“Belarus isn’t participating,” said Kremlin spokesman Dmitry Peskov on Belarusian involvement in the war.

 Also on Thursday, Belarusian Defense Minister Viktor Khrenin said Minsk perceives a “blatant” attempt to drag it into the war in Ukraine, warning of growing external pressure on the country.

Khrenin did not specify who he believed was behind such efforts, but appeared to point the finger at the West.

“Efforts are underway to prolong, and even expand, the hot conflict unleashed by the West in Ukraine. Today, we are acutely aware of a blatant attempt to drag Belarus into the war,” Khrenin said in comments published by his ministry.

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The Jewish community in Taiwan inaugurated its first-ever cemetery with the burial of a 73-year-old Israeli man who died on Tuesday.

Chabad Taiwan described it as a “significant milestone” for the community in an Instagram post. “Sad but important,” the post added.

The man had lived in Taiwan for over 20 years, Chabad Taiwan announced, and was the first to be buried in the Taipei cemetery.

Previously, deceased members of the Taiwan community had been transferred to Jewish communities in other countries for burial.

Hong Kong rabbi joins Taiwan community for inauguration 

“Volunteers from Zaka’s International Division work everywhere and in every arena around the world for the honor of the deceased,” Baruch Nidam, head of ZAKA‘s International Division, stated. “This week, members of the ZAKA International Division from Hong Kong, led by Chabad emissary Rabbi Mendy Rabinowitz, arrived in Taiwan, at the request of the local Chabad emissary Rabbi Shlomi Tabib, to assist and handle all aspects of the funeral and burial.”

Rabbi Rabinowitz explained that he had come to assist in the purification and burial at the request of Rabbi Tabib.

“We have a Jewish cemetery in Hong Kong, and we are skilled in caring for and respecting the dignity of the deceased,” he said. “As part of ZAKA’s activities around the world, we provide a response to every deceased person in our areas of East Asia.”

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In a ceremony at the White House last week, US President Donald Trump awarded the Medal of Honor to retired US Marine Corps Major James Capers Jr for his “extraordinary courage” during his service in the Vietnam War. 

Capers made history as the first living black Marine to be awarded America’s highest military decoration. 

In the spring of 1967, Capers led a 9 person reconnaissance team near Phu Loc, Vietnam. Despite receiving several wounds from gunshots and shrapnel during an enemy ambush, Capers continued directing his team’s movements and coordinating the evacuation.

He refused to board their evacuation helicopter until after all of his Marines were safely extracted. 

“His Medal of Honor recognizes not only extraordinary courage in combat, but a lifetime defined by service to others,” the Museum of the Medal of Honor wrote in its citation of Capers’ service.

Despite growing up under segregation, Capers rose to be the first black Marine to command a reconnaissance company

Major James Capers Jr was born in Bishopville, South Carolina in 1937 during the Jim Crow era and was raised in a family of sharecroppers. 

Capers joined the Marine Corps in 1956 where he became the first black Marine to join Force Reconnaissance, and the first black Marine to receive a battlefield commission in Marine Special Operations. Later in his service Capers became the first black Marine to command a reconnaissance company.

Capers retired from the Marine Corps in 1978, dedicating his time to serving fellow veterans

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Glenn Kelman, the longtime CEO of Redfin and a key figure in tech-enabled real estate brokerage, has joined venture firm Greylock Partners as an executive in residence, the firm announced on Tuesday.

Kelman will work with Greylock portfolio founders on leadership development, go-to-market execution and company-building at scale, according to the announcement. His move to the venture firm comes less than a year after Rocket Companies closed its acquisition of Redfin in a deal valued at nearly $2 billion in July 2025.

Kelman led Redfin for nearly two decades, steering the company from a startup brokerage to where it is today, including through its initial public offering in 2017

Before Redfin, Kelman co-founded enterprise software firm Plumtree Software in 1997 and helped lead it through a 2002 IPO. 

Kelman’s new role formalizes a long-running relationship with Greylock. Partner James Slavet was an early investor and board member at Redfin and, according to the firm, played a “formative role” in Kelman’s development as a leader. Greylock said that history of “trust and partnership” underpins the work Kelman will do with current portfolio founders.

Kelman stepped down from his role as CEO of Redfin in mid-January 2026

In a post on LinkedIn, Kelman said the decision to leave was his and that he hoped to use all of the lessons learned at Redfin to do “something as good as Redfin, in a different field.”

This article was written by Brooklee Han and generated with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

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Here is the puzzle facing the Sunshine State. Some of the most famous names in American business are moving to Florida — yet more Floridians are out of work than at almost any point in years.

According to the latest figures from the U.S. Bureau of Labor Statistics, reported through the spring of 2026, Florida’s unemployment rate has climbed to 4.8%, up more than a full percentage point over the past year. That increase ranks among the fastest of any state, and it leaves Florida with one of the higher jobless rates in the country — a sharp reversal for a state that posted a record-low 2.7% rate as recently as 2022, while the national rate has barely budged over the same stretch.

The strange part is that this is happening while marquee companies plant flags in Florida. Billionaire Ken Griffin moved his hedge fund Citadel to Miami. Wells Fargo & Co. and data-analytics firm Palantir Technologies have announced high-profile relocations. French bank BNP Paribas is expanding in South Florida, and Jeff Bezos’ rocket company Blue Origin is fueling fast growth on the so-called Space Coast near Orlando. So why is the broader job market weakening?

The short answer: the industries that actually employ most Floridians are pulling back, and a handful of splashy corporate moves aren’t enough to offset them.

Where the Jobs Are Disappearing

For years, Florida ran on real estate, construction, retail and tourism. All four are highly sensitive to interest rates and to how freely people are spending — and all four have cooled.

Over the past year, the state lost jobs in financial activities, construction, trade and transportation, manufacturing, and leisure and hospitality. Within tourism alone, restaurants and hotels cut roughly 13,700 positions. Furniture stores, a good gauge of how many people are furnishing new homes, saw employment fall about 3.7%, while real-estate jobs dropped around 3.1%.

Government cuts added to the pain. Florida lost about 12,300 federal jobs over the year.

Nearly the only bright spot was health care and education, where employment grew by roughly 31,500 as the state’s aging population continued driving demand for medical services.

Why the Boom Cooled

Florida’s growth machine has long depended on people moving into the state.

That engine is slowing.

Net domestic migration — the number of Americans moving to Florida minus those leaving — fell to just 22,517 in the year through July 2025, according to U.S. Census Bureau data. That figure represents less than one-tenth of the migration peak reached during the post-pandemic relocation boom.

Fewer newcomers mean fewer home purchases, fewer renovations, and less spending throughout the economy.

Three major forces appear to be driving the slowdown.

The first is affordability. Home prices, rents, insurance costs, and other living expenses have risen dramatically, making Florida less attractive to many of the workers and retirees who once fueled population growth.

The second is labor availability. Increased immigration enforcement has reduced the pool of workers available to industries such as construction, hospitality, and agriculture that traditionally rely on immigrant labor.

The third is tourism.

According to Visit Florida, the state’s tourism agency, visitor numbers declined approximately 1% during the first quarter of 2026 compared with the same period a year earlier.

That may sound modest, but tourism remains one of Florida’s most important economic engines.

“We’re highly dependent on tourism and retail,” said Howard Frank, a public policy professor at Florida International University. When consumers cut back on vacations, dining out, and discretionary spending, Florida often feels the impact quickly.

The Catch With the Corporate Moves

The corporate relocations dominating headlines are real.

But they are relatively small when viewed against a statewide workforce exceeding 11 million people.

A hedge fund relocation may create a few hundred jobs. A technology company expansion may add several thousand more. Those positions often pay well and help local economies, particularly in South Florida.

But they do little for workers in other parts of the state who depend on construction, tourism, retail, transportation, or manufacturing.

That helps explain why areas benefiting from financial-sector growth have generally held up better than many other regions.

Economists say transforming Florida’s economy toward higher-paying white-collar industries will likely take years.

Guy Berger, chief economist at workforce-management software company Homebase, argues that moving from a tourism-heavy economy toward one centered on finance, technology, and professional services is a gradual process that will not immediately benefit every community.

What It Means

For everyday Floridians, the picture is mixed.

The corporate announcements involving Citadel, Palantir, BNP Paribas, and Blue Origin are genuine signs that Florida continues attracting investment and new industries.

At the same time, the broader labor market is flashing warning signs.

The state’s traditional growth model — built on affordability, migration, construction, and tourism — is facing increasing pressure as costs rise and population growth slows.

That split is becoming one of the defining economic stories in Florida.

In the short term, more residents are struggling to find work as several major industries contract.

Over the longer term, the critical question is whether Florida can successfully transition toward a more diversified economy built around higher-paying, less cyclical jobs before the weaknesses in its traditional growth sectors become more pronounced.

The latest employment figures suggest that transformation remains very much a work in progress.

JBizNews Desk | New York
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Top of the morning to you, and a fine one it is. Clear, blue skies and mild breezes are once again enveloping the Pharmalot campus, where the official mascots are happily snoozing in their respective corners. This gives us an opportunity to fire up the coffee kettle and brew still more cups of stimulation. Our choice today is coconut hazelnut, a refreshing change of pace. As always, you are invited to join us. Meanwhile, here are a few items of interest. Hope you have a meaningful and productive day and, of course, do stay in touch. …

Americans are seeing their doctors, getting hospital procedures, and filling prescriptions more frequently than economists and budget experts anticipated, STAT notes. And weight loss drugs, in particular, have morphed into their own special category of spending and are pushing budgets across the country to their limits. The country spent $5.7 trillion on health care in 2025, a 7.3% increase from 2024, according to the latest government figures published in Health Affairs. That amounted to almost $16,500 per person. Federal officials specifically called out prescription drug spending, which soared more than 11% in 2025. 

Drugmakers have found promising new options for one of the most aggressive and hardest-to-treat forms of breast cancer after decades with few breakthroughs, The Wall Street Journal says. Gilead Sciences won Food and Drug Administration approval to sell its drug Trodelvy as a first treatment for newly diagnosed patients with the advanced form of a type of breast cancer known as “triple negative” because it has characteristics that render common treatments ineffective. It is the second such approval in about a month: AstraZeneca and Daiichi Sankyo’s rival drug, Datroway, was approved for a similar group of patients in May.

Continue to STAT+ to read the full story…

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For the first time since 2023, a majority of Americans believe buying a home is a better financial move than renting, signaling a notable shift in consumer sentiment even as high prices and elevated mortgage rates continue to challenge affordability.

According to the latest Bank of America Homebuyer Insights Report, released Tuesday, 53% of Americans now prefer buying a home over renting, up from 48% a year ago and 47% in 2024. The findings suggest that many consumers are becoming more optimistic about homeownership despite persistent obstacles in the housing market.

“We are seeing meaningful changes in attitudes toward homeownership,” said Matt Vernon, Head of Consumer Lending at Bank of America.

The survey, conducted by Sparks Research between April 13 and May 10, included 2,000 adults evenly divided between homeowners and renters.

Homeownership Regains Appeal

The report found growing confidence in the long-term value of owning a home.

About 90% of respondents now view a home as a valuable investment, up from 79% a year ago. Meanwhile, 94% said homeownership provides stability, compared with 83% in last year’s survey.

Nearly one-third of respondents also reported feeling more confident about their ability to purchase a home this year.

The shift comes even as affordability remains a major concern.

Mortgage rates have eased slightly from recent peaks and currently hover near 6.5%, while home-price growth has moderated in many markets. The median U.S. listing price stood at approximately $429,500 in May, according to housing data cited in the report.

At the same time, renters have increasingly sought ways to reduce housing expenses by moving to smaller apartments, sharing living arrangements, relocating to less expensive areas, or giving up premium amenities. As a result, ownership appears more attractive to many consumers despite its higher upfront costs.

Buyers Growing Tired of Waiting

Another important trend is the declining number of consumers waiting for a perfect market.

The share of prospective buyers holding off for lower mortgage rates or home prices fell to 71%, down from 75% a year earlier.

Younger generations are leading that change.

Many buyers now appear willing to accept higher borrowing costs rather than continue delaying major life decisions. Industry analysts also point to a gradual easing of the so-called “lock-in effect,” where homeowners with ultra-low pandemic-era mortgage rates were reluctant to sell and move.

Affordability Remains the Biggest Challenge

Despite the improving sentiment, affordability concerns actually increased.

A majority of respondents—58%, up from 46% last year—identified high home prices as the biggest barrier to ownership. Another 47% cited elevated mortgage rates, compared with 40% a year ago.

The findings suggest Americans are not necessarily viewing housing as affordable. Instead, many increasingly believe that waiting for dramatically lower prices or interest rates may no longer be realistic.

Gen Z Finds Creative Ways to Buy

Younger buyers continue to adapt to challenging conditions.

Among Generation Z respondents:

  • 28% reported taking on additional jobs to save for a home.
  • 32% said they are considering buying with friends or family members.
  • 31% plan to use down-payment assistance programs.

Bank of America noted that social and financial pressures to achieve homeownership remain particularly strong among younger adults, helping fuel the recent shift in sentiment.

AI Enters the Homebuying Process

Technology is also beginning to influence purchasing decisions.

One in five buyers and homeowners reported using artificial intelligence tools or chatbots during the past year to assist with homebuying research. Among Gen Z respondents, usage climbed to roughly one-third.

Consumers primarily used AI to estimate costs, understand the buying process, compare financing options, and research neighborhoods.

However, most respondents still preferred human professionals when making final decisions, touring homes, negotiating contracts, and handling legal matters.

Sentiment Is Improving Faster Than Sales

The report’s authors caution that improved attitudes do not necessarily translate into immediate home purchases.

The survey measures consumer sentiment rather than transaction activity, and the same challenges that have slowed housing sales remain in place: limited inventory, elevated prices, and mortgage rates that remain well above pre-pandemic levels.

Still, the change in outlook is significant.

Among current homeowners, 52% expect to purchase another home in the future, while the share planning to buy within the next year increased to 22%, up from 15% a year ago.

After three years in which renting or waiting often appeared to be the more practical option, many Americans are once again viewing homeownership as the stronger long-term path to financial security, stability, and wealth creation.

JBizNews Desk | New York
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This story about the May PCE inflation report is developing and will be updated with further details.

The Federal Reserve’s preferred inflation gauge rose in May as price pressures persist in the wake of the energy shock caused by the Iran war.

The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a monthly basis in May and is 4.1% higher than a year ago. The monthly figure came in slightly cooler than the expectations of economists polled by LSEG, who predicted a 0.5% rise, while the annual figure was in line with the estimate.

Core PCE, which excludes volatile measurements of food and energy prices, was up 0.3% on a monthly basis and 3.4% from a year ago. Both figures were in line with expectations.

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, the US business increased by 2.1 %.

The ultimate reading of the U.S. first-quarter GDP is a developing subject. Test again frequently for changes.

According to the Commerce Department’s measure, the U.S. business expanded more quickly than expected in the first quarter.

The Bureau of Economic Analysis ( BEA ) released its final reading of the first-quarter GDP on Thursday, which revealed the country’s economy increased by 2.1 % annually over the three-month period, including January, February, and March. &nbsp,

That figure exceeded the expectations of LSEG-surveyed economists, who had predicted a 1.6 % GDP growth in the first quarter. Prior to the BEA’s initial correction, the figure was originally projected at 2 % before being lowered to 1.6 %.

US ECONOMY GROUND AT 0.5 % IN THE Fourth.

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Yonatan Urich, a senior aide to Prime Minister Benjamin Netanyahu and one of the primary suspects in the Bild case, will be allowed to maintain his position at the Prime Minister’s Office, the Tel Aviv District Court ruled on Thursday.

The court rejected the prosecution’s requests to extend the restrictive conditions imposed on Urich, as prosecution representatives alleged in court that Urich had tampered with evidence to impede the investigation.

Urich was added to an amended indictment in the Bild leak case earlier this month, alongside former PMO spokesman Eli Feldstein and IDF reservist Ari Rosenfeld.

The case centers on the alleged transfer and use of classified military material connected to Hamas’s position in hostage negotiations, which was later published by the German newspaper Bild in September 2024.

According to the indictment, Rosenfeld contacted Feldstein on June 6, 2024, about the urgent transfer of material from military intelligence to the prime minister. Prosecutors allege that Feldstein immediately updated Urich, who later helped shape the route by which the material could be used after the military censor blocked its publication in Israel.

Urich is alleged to have directed Feldstein to Netanyahu associate Israel (Srulik) Einhorn, whose involvement was part of an effort to place the material with foreign media.

Urich alleged to have helped disseminate classified information around hostage talks

The prosecution alleges that Urich was involved in receiving, using, and helping disseminate the classified information as part of public messaging around the hostage talks. 

The charges include delivering secret information with the intent to harm state security, delivering secret information, possessing secret information, and destroying evidence.

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In May 2020, Turkish media reported that Libyan forces had retaken a key airbase and ended “Haftar’s coup plot.” This was a reference to Khalifa Haftar and his eastern Libyan forces, called the Libyan National Army (LNA).

The LNA had been fighting a civil war against the internationally recognized Government of National Accord (GNA), headquartered in Tripoli. Libya was divided. Turkey was backing the GNA, sending drones, equipment, and advisors.

This week, Turkish Intelligence Chief Ibrahim Kalin met Lt. Gen. Saddam Haftar, deputy commander of the Libyan National Army, in Benghazi, Libya. The meeting was on June 23.

This represents a huge change from 2020. Six years have caused a major shift. Turkey has shifted from being involved in fueling conflict in Libya and stoking flames of tension in the Eastern Mediterranean to trying to be a broker of some kind of peace.

For critics of Ankara, this will all seem like Turkey’s leadership is merely putting on a mask and continues to retain its regional ambitions. The reality is that both can be true.

Turkish ambitions in Libya, Syria, the Middle East

Turkey has regional ambitions in Libya, but it now sees accommodation and dialogue as more important than weapons. In 2020, Turkey’s leadership, the AKP party led by Recep Tayyip Erdogan, was involved in several conflicts. It had invaded Afrin in Syria and used Syrian rebel proxies to attack Kurds.

It had then invaded Serekaniye in Syria. It had backed Azerbaijan in a conflict with Armenia over Nagorno-Karabakh. It was also threatening Greece.

Turkey had also signed a deal with the GNA in Libya that fed Ankara’s claims of a swath of blue water territory across the Mediterranean, essentially cutting the Mediterranean in half.

With the fall of the Assad regime and Azerbaijan’s victory over Armenia, Turkey feels it can shift course a bit. It no longer argues with the Gulf states. It is preparing to host a NATO meeting. It wants to work on stability in Syria. This also dovetails with Egypt and the US approach.

How did we get here? In April 2020, the GNA turned the tide against the LNA. This was made possible in partnership with Turkish drones. The GNA took the al-Watiyah Air Base, a key LNA base.

As the Washington Institute for Near East Policy noted at the time, “since then, fighting has remained intense in southern Tripoli and around Tarhuna, a town that provided the LNA with much of its local support and forces over the past year.”

Anadolu said it even more frankly: “[A] key airbase in Libya was under [the] rule of [a] warlord for some six years until it was freed on Monday. A Libyan official on Monday said the government’s regaining control of the strategically important Al-Watiya airbase was the beginning of freeing the country from forces loyal to warlord Khalifa Haftar.”

Now the Haftars are no longer called warlords or coup plotters in pro-government media in Ankara. Instead, Daily Sabah in Turkey notes that “Turkish Intelligence Chief Ibrahim Kalın met with Lt. Gen. Saddam Haftar, deputy commander of the Libyan National Army, in the eastern Libyan city of Benghazi, security sources said on Tuesday.”

Turkey discussing peace, strengthening efforts to unify militaries

The report goes on to add that “according to information obtained from sources, the talks focused on efforts to preserve stability in Libya and advance the country’s political and military unification process.”

Turkey is discussing peace and ways to strengthen “efforts aimed at bringing Libya’s rival eastern and western administrations, as well as their military forces, under a single authority.”

It’s clear that a lot is happening in Libya behind the scenes. Most of the world has not been focused on Libya. However, Libya is important. Israel’s foreign minister, Gideon Saar, spoke this week about “terror states.” Among the countries mentioned was Libya.

However, Libya is no longer a collapsed state as it was in the past. As Daily Sabah notes, the eastern and western governments of Libya have recently conducted a joint military drill with the US and Turkey in Sirte.

“Kalin and Haftar also reviewed bilateral relations between Türkiye and Libya, discussing opportunities to expand cooperation across various sectors and further strengthen the partnership between the two countries,” Daily Sabah says.

Turkey has trained 23,000 Libyans, the report says. “The talks in Benghazi reflect Ankara’s continued engagement with key actors across Libya as international and regional stakeholders seek progress toward reconciliation and the establishment of unified state institutions.”

This was an important symbolic meeting, and Turkey is clearly angling for a larger role in Libya. As a peacemaker, Turkey may find its role growing, rather than as in the past, when Ankara intervened, which caused tensions with Egypt, Greece, and other countries in the Mediterranean. 

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At the end of October, Israelis will vote for a new government. At the beginning of November, Palestinians are expected to do the same. It is rare that both peoples will go to elections, almost at the same time, to choose their leadership and national direction.

This creates a huge opportunity and responsibility, mainly for Israelis and Palestinians, and they can be assisted by the United States, the Arab states, Europe, and the wider international community.

No foreign leader or outside power should choose the leaders of Israel or Palestine. That is the task of Israeli and Palestinian voters. But the international community can make clear what kind of future it is prepared to support. It can tell both peoples that peace is not an empty slogan, that a diplomatic horizon exists, and that leaders who provide hope by choosing courage over fear will not stand alone.

In the interest of peace in the Middle East, US President Donald Trump should embrace this opportunity and make a simple, direct, historic statement:

  • The United States supports Israel’s security and full integration into the Middle East.
  • The United States supports Palestinian freedom, statehood, democracy, and dignity.
  • The United States will work with regional and international partners to advance and implement a two-state solution.
  • The United States expects both Israelis and Palestinians to elect leaders capable of making peace.

Such a statement would not be interference. It would be strategic clarity. Delivered now, months before the elections, it could influence the outcome not by telling people whom to vote for but by showing them what kind of future their vote can make possible.

It would tell voters that there is an alternative to war, occupation, siege, terrorism, repression, revenge, and despair. It would make clear that their next leaders will be judged by their ability to secure freedom, security, dignity, and peace.

But Trump’s message alone would not be enough. Its real importance would depend on how Israeli and Palestinian candidates respond.

How Israeli and Palestinian candidates should respond to a call for peace

Israeli candidates seeking to replace the current government should say clearly: Israel’s security is essential, but it cannot be achieved by permanent occupation. Israel must defeat terrorism and insist on strong security arrangements, but it must also offer Palestinians a political horizon and recognize their right to freedom, sovereignty, and dignity. Israel’s future is not as a fortress surrounded by enemies. Its future is as a legitimate, secure, integrated state in the Middle East.

They should say to Israeli voters: The path of recent years has failed. It brought catastrophe, war, isolation, economic damage, internal division, and far too much death and destruction. We cannot manage this conflict forever. We cannot believe that the Palestinian issue can be bypassed through force or normalization with some Arab states. Israel can be accepted into the region but not while millions of Palestinians remain under occupation, without freedom and without a political future.

Israeli candidates should also speak indirectly, but unmistakably, to Palestinian voters: You are not our enemy as a people. We recognize the historic and religious connection of the Palestinian people to this land. You also want to live, raise your children, build your economy, and control your future.

We are ready to negotiate with Palestinian leaders that you elect: leaders who reject violence, accept mutual recognition, support democracy, and are prepared to build a state alongside Israel, not instead of Israel. Our security and your freedom must be built together.

Palestinian candidates and parties must be equally clear. They should say: The last years have shown the terrible futility of violence. Armed struggle has not liberated Palestine, ended occupation, or brought sovereignty. It has brought suffering, destruction, isolation, and loss.

The Palestinian people need a new path: democracy, nonviolence, institution-building, international legitimacy, and a political strategy that can gain regional and global support. The Palestinian people also recognize the historic and religious connection of the Jewish people to this land – this is even recognized in the Holy Quran.

Palestinian candidates should say: Our goal is freedom and statehood, not revenge. Our goal is ending occupation, not destroying Israel. Our goal is to build Palestine – in Gaza, the West Bank, and east Jerusalem – as a democratic, accountable, sovereign state living in peace next to Israel. We will demand our rights firmly, but through diplomacy, persuasion, law, popular nonviolent action, international alliances, and negotiations.

Palestinian candidates should also speak indirectly to Israeli voters: We understand that Israelis need security. We understand the trauma and fear Israelis carry. We do not ask Israelis to trust words alone. We are prepared to build institutions, security arrangements, education systems, and political commitments that prove that a Palestinian state will be a partner for peace, not a platform for war. We want our children to live next to your children in dignity and safety.

This indirect dialogue could change the election atmosphere. For years, the central argument against peace has been the same in both societies: “There is no partner on the other side.” Israelis say there is no Palestinian partner. Palestinians say there is no Israeli partner. Each side uses the extremism of the other as proof that peace is impossible. That circle must be broken.

The main challenge is to rebuild confidence that there are partners for peace. That will not happen through secret diplomacy alone. It must happen in public, during the election campaigns themselves.

Israeli parties that support peace should say that Palestinian freedom is part of Israeli security. Palestinian parties that support peace should say that Israeli security is part of Palestinian freedom. These are not concessions. They are the foundation of any realistic future.

Political agreements are not enough. Candidates on both sides must also address other fundamental issues – such as what we teach our children. Education curricula is in the hands of the state and therefore is the truest reflection on the values of the society.

The next generation of Israelis and Palestinians must not inherit only graves, walls, checkpoints, rockets, sirens, hatred, and fear. They must inherit the tools of coexistence: language (Hebrew and Arabic), knowledge, empathy, critical thinking, historical honesty, and the belief that the other people is not destined to be an eternal enemy.

Elections are not only about who holds office. They are about what societies tell themselves is possible. If Israeli candidates run only on fear, they will produce more fear. If Palestinian candidates run only on grievance, they will produce more despair. But if candidates on both sides speak about peace, partnership, democracy, security, freedom, hope, and regional integration, the political environment will begin to change.

There are moments in history when timing matters. The time for action is now – before the end of October and the beginning of November. Israelis and Palestinians will soon be voting almost at the very same time. They should not vote in darkness. They should understand that their vote will affect not only their own future but also the choices made by the other side.

The door to peace will not open by itself; it will open only if leaders on both sides tell their people the truth and voters choose the future over the fear.

The writer is the Middle East director of the International Communities Organization and the co-head of the Alliance for Two States.

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Under Pennsylvania law, real estate brokers licensed by the state are required to maintain a physical main office in the state. However, one broker is looking to challenge this requirement, which he considers outdated and anticompetitive. 

In mid-May, Kevin Gaughen, the broker-owner of Lemoyne, Penn.-based Gaughen Home Realty, filed a lawsuit in the Commonwealth Court of Pennsylvania against the state’s Bureau of Professional and Occupational Affairs and its Real Estate Commission, arguing that the law violates the Pennsylvania Constitution because it “is unreasonable, unduly oppressive and patently beyond the necessities of the case.” 

According to Gaughen’s claims, he spends roughly $35,000 a year on rent, taxes, utilities and insurance to maintain the 1,000-square-foot converted office he’s had since 2017. The office is one of three units in a multi-family property Gaughen purchased in 2010. He converted the unit to an office in 2017 to comply with the state law, while the other two units are currently actively rented to residential tenants according to the complaint. 

Letter of the law

Under the law, a broker must maintain a main office in Pennsylvania unless the broker maintains a main office in another state where they hold an equivalent broker license. The law was enacted in 1989, but the statutory authority for the regulation comes from the state’s Real Estate Licensing and Registration Act, which was enacted in 1980, which is the modern statute governing real estate licensing in the state.

However, the state’s original real estate broker licensing law was enacted in 1929 and was known as the Real Estate Brokers License Act of 1929. In his complaint, Gaughen claims the physical office requirement dates back to the original 1929 law. 

“No one seems to know why we have this requirement on the books, and I felt that it was time for someone to challenge it, so that’s what we are doing,” Gaughen told HousingWire.

According to the law, the Pennsylvania Real Estate Commission may conduct office inspections up to four times a year. In the lawsuit, Gaughen claims inspectors come equipped with a checklist that requires the office to have a landline phone, filing cabinets, a conference table and a sign outside. If the office is in a residential home, the law requires it to have a separate entrance. The Commission can fine brokers if their office is found to be non-compliant. 

In a video posted on Instagram by Institute for Justice, which is one of the law firms representing Gaughen, he claims that he doesn’t use his office for anything. However, he must maintain the office to comply with state law. 

“Every two years they come by and they check to make sure I still have this stuff. In the last nine years, I’ve had more inspectors here than clients,” he said in the video. “I don’t believe that the office requirement is fair. I think it’s anti-competitive, and I think it was put in place by larger brokers to prevent smaller brokers from entering the market.”

Gaughen goes on to explain that he normally meets clients at their properties or the property they are touring, which is also where he typically does most of the contract signing as well. 

“All of this is needless,” he said. “There’s no need for this space. There’s no need for this expense.”

Hurting the little guy

In the complaint, Gaughen and his legal team wrote that the recurring costs he incurs by having to maintain the office make it “difficult for [him] to compete with larger, established real estate firms, with greater annual revenue and the ability to spread out the fixed costs.”

“In other words, the office requirement protects established brokerages from honest competition,” the filing states.

Gaughen told HousingWire that the requirement adversely affects him and his clients.

“This is a small office and I’ve only ever had, at most five employees working for me at once, but that $35,000 really eats into my profit,” he said. “A bigger company, like a REMAX or a Keller Williams, can more easily absorb those costs, but to open a small independent office, that requirement is a big hurdle. They put this law into place on purpose to help the big guys and hurt the small firms.”

The lawsuit also argues that the office requirement takes housing out of the market, since brokers, like Gaughen, often use converted residences. 

“By using this as an office, by the government forcing me to have an office, I am taking a home away from somebody else,” Gaughen said in the video of the former apartment he converted into his office. “This could be an apartment that somebody could live in and, in fact, it was before I turned it into an office.”

Office requirements in other states

Despite the pushback, the state is not alone in requiring brokers to have a physical office in the state. Other states with similar requirements include Virginia, Maryland, New Jersey, Florida, Oklahoma and Alaska

Illinois also has a requirement for an office but it can be physical or virtual. However, like Pennsylvania, most of the states that require a physical office do have an exemption for a broker that is out of state and just holds a license in their state. 

The Pennsylvania Real Estate Commission did not immediately return HousingWire’s request for comment.

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Buc-ee’s is fueling up for a larger national expansion, with 15 additional travel centers in the pipeline as the Texas-based chain pushes its empire farther beyond its home state.

The company opened its first Arizona location on Monday in Goodyear, a suburb of Phoenix, marking Buc-ee’s first stop in the Grand Canyon State and giving road-trippers another supersized destination for fuel, snacks and the chain’s famously clean restrooms, according to USA Today.

The 74,000-square-foot travel center features 120 fuel pumps and will operate 24 hours a day, 365 days a year. The store is expected to create more than 200 jobs, and city officials said as many as 40,000 vehicles could visit during opening day and the following week, the outlet reported.

BUC-EE’S SET TO DEBUT IN 6 NEW STATES IN MAJOR EXPANSION PUSH ACROSS US

“We could not have picked a better location for our first store in the Grand Canyon State. Perfectly placed for our road-trippers headed out to California or coming in for the destination-rich Phoenix area, Goodyear will be the place to stop,” Stan Beard, director of real estate development at Buc-ee’s Ltd., said in a statement.

Buc-ee’s, founded in 1982, has grown from a Texas roadside favorite into one of the state’s most recognizable exports. The chain now has 56 locations across 13 states.

More openings are already on the calendar for 2026. A Buc-ee’s spokesperson confirmed to FOX Business upcoming locations in San Marcos, Texas, on Aug. 12; Benton, Arkansas, on Aug. 17; and Murfreesboro, Tennessee, on Nov. 16.

BELOVED BUC-EE’S CONVENIENCE STORE CHAIN FACES CUSTOMER SERVICE CRISIS AFTER DEVASTATING ‘F’ RATING

The company’s website also lists several planned locations but does not specify exact opening dates. 

Six are expected in 2027: Ruston, Louisiana; Kansas City, Kansas; Gallaway, Tennessee; St. Lucie, Florida; Boerne, Texas; and Monroe County, Georgia.

Two more locations are listed for 2028: Mebane, North Carolina, and Lafayette, Louisiana.

WILDLY POPULAR GAS STATION BUC-EE’S TO OPEN FIRST-EVER LOCATIONS IN NEW STATES THIS SUMMER

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Additional stores are planned for 2029 and beyond, including Ocala, Florida; West Memphis, Arkansas; Oak Grove, Kentucky; and Hardeeville, South Carolina, which is listed for 2031.

Earlier this year, the company opened its first Ohio location in Huber Heights, according to FOX 8 News.

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Hertz Global Holdings is turning to investors for fresh cash as the rental-car giant works through a difficult turnaround and faces growing uncertainty in the used-car market, one of the most important drivers of its profitability.

In filings with the U.S. Securities and Exchange Commission on Wednesday, Hertz announced plans to raise approximately $400 million, consisting of $100 million in common stock and $300 million in exchangeable senior first-lien secured notes due 2030.

The move gives Hertz additional financial flexibility at a time when the company continues to rebuild following years of challenges, including its bankruptcy restructuring, heavy losses tied to electric vehicles, and ongoing pressure from fleet depreciation costs.

The larger portion of the financing comes through exchangeable notes, a type of debt that can later be converted into shares. The stock component is structured through a share-lending arrangement involving J.P. Morgan, allowing investors purchasing the notes to hedge their positions.

The capital raise comes as Hertz manages several financial pressures. During its most recent earnings call, company executives said they planned to limit fleet growth during the first half of the year while monitoring market conditions. Management also pointed to obligations including a settlement with Wells Fargo and a reduction in available revolving credit capacity.

At the center of Hertz’s turnaround remains the used-car market.

Unlike many companies, Hertz depends heavily on the resale value of its vehicles. The company purchases cars, rents them to customers, and later sells them into the used-car market. The higher those resale prices remain, the lower Hertz’s depreciation costs and the stronger its profits.

When used-car prices decline, the opposite occurs.

Hertz has warned investors that vehicle residual values can change rapidly and unexpectedly, creating significant swings in profitability. Earlier this year, stronger used-car pricing helped improve results. During the first quarter, monthly net depreciation per vehicle fell to $312, an improvement of 13% from a year earlier.

Any renewed weakness in used-car prices could reverse those gains.

The company is showing signs of recovery but remains far from a complete turnaround. First-quarter revenue increased 11% to $2.0 billion, marking Hertz’s strongest growth rate in three years. However, the company still reported an adjusted operating loss, with adjusted corporate EBITDA of negative $161 million.

Chief Executive Gil West has focused the company on what he calls a “Back-to-Basics” strategy centered on disciplined fleet purchases, stronger pricing, operational efficiency, and expanding direct vehicle sales through Hertz Car Sales.

Investors are also still watching the aftermath of Hertz’s highly publicized electric-vehicle strategy. The company purchased large numbers of EVs, including Teslas, before falling resale values forced substantial write-downs. Those losses contributed to a 2025 net loss of $747 million and damaged investor confidence.

The stock continues to trade near multiyear lows as Wall Street waits for evidence that the turnaround can produce sustainable profits.

For consumers, Hertz’s situation highlights how rental-car pricing is influenced by factors beyond travel demand. Used-car values, financing costs, and fleet availability all play major roles in determining rental rates. When costs rise or vehicle values fall, rental companies often maintain tighter fleets and firmer pricing.

For shareholders, the capital raise provides needed liquidity but also brings dilution through the issuance of additional shares.

The financing buys Hertz time, but the company’s future still depends on one critical factor: whether it can complete its turnaround while navigating an unpredictable used-car market. After bankruptcy, an EV misstep, and years of volatility, Hertz is once again asking investors for patience as it works toward a more stable future.

JBizNews Desk | New York
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The Food and Drug Administration has granted breakthrough designation to two devices that use generative AI to interpret chest X-rays and draft the radiology reports typically written by human radiologists.

Machine learning systems have long analyzed images like X-rays and CT scans. But more recently, large vision language models have ushered in a new capability. Instead of highlighting a spot for a radiologist to review and write up, generative AI can process the entire image and draft many of its findings for a radiologist to review — a technological advancement that is challenging traditional validation and regulatory frameworks. 

In March, one breakthrough designation went to Cognita, a Stanford researcher-founded startup acquired late last year by the large radiology practice Radiology Partners. Radiology AI company Aidoc announced its own breakthrough designation Thursday for a tool called First Read, specifically when it is used to detect and describe four life-threatening findings. 

Continue to STAT+ to read the full story…

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Switzerland is moving to accelerate its long‑range air defense capabilities, resuming payments for the US‑made Patriot system while launching negotiations with Israeli, French, and South Korean manufacturers for an additional system, the Federal Council announced on Wednesday.

According to a statement by Switzerland’s Federal Council, the US has shifted delivery priorities for the Patriot system toward Ukraine, creating delays and cost pressures. The decision comes amid what the country described as a worsening global security environment and growing concerns over long‑distance aerial threats.

“Given the deterioration of the geopolitical situation, the Federal Council is convinced that Switzerland must strengthen its air defense capabilities,” it said, adding that “in addition to hybrid threats, long‑distance attacks represent the most likely threat to Switzerland, one against which the country currently has no means of protection.”

Switzerland ordered the Patriot missile system from Raytheon and Lockheed Martin in 2022, with an expected delivery in 2026-2028, but due to the war in Ukraine, the timeline has been pushed by at least five years. Nevertheless, Bern said it cannot afford to halt the Patriot acquisition without a replacement ready.

The Swiss Defense Ministry said it would therefore restart payments to the US for the system that had been paused. 

Talks launched with Israel, France, and South Korea

Alongside the resumed payments, Bern is looking for a second long‑range air defense system to ensure rapid operational readiness and reduce dependence on a single supplier.

Switzerland’s Defense Ministry has been authorized to begin contractual negotiations with manufacturers in France, Israel, and South Korea.

Reuters quoted National armaments director Urs Loher as telling a press conference that it ​would not be Israel’s Arrow defense system.

Europe has increasingly turned to Israeli air defense technology over the past decade, especially after Russia’s invasion of Ukraine and the growing demand for rapid, combat‑proven systems. Several Israeli systems, including the Iron Dome, David’s Sling, and Spyder, have been selected by European governments.

Germany purchased Israel’s Arrow 3 system with a landmark €4 billion agreement to provide exo‑atmospheric interception capability. Finland purchased David’s Sling after joining NATO, signing a deal worth more than €300 million. Central European states have also moved toward Israeli systems, with the Czech Republic receiving the Spyder medium‑range system, Slovakia selecting the Barak MX, and Romania is reportedly in negotiations to acquire the Iron Dome, which would make it the first European country to deploy Israel’s famous short‑range interceptor.

The Baltic states are also deepening their cooperation with Israel. Estonia and Latvia have jointly approved the procurement of David’s Sling as part of a regional effort to strengthen long‑range air defense in response to Russian military pressure.

Preference for European or Swiss production

The Federal Council said the objective is that the second system would offer the same level of protection as the Patriot system, and initial assessments completed by Switzerland’s Defense Ministry in May indicated that systems from these countries meet Swiss military requirements and offer favorable cost‑effectiveness.

A second system, the government said, would strengthen Switzerland’s endurance in a prolonged conflict scenario and diversify supply chains, a priority given the geopolitical climate.

 Barak MX Launcher (credit: IAI)

The Federal Council emphasized that the choice of a second system must align with its armaments policy, which favors procurement in Switzerland or Europe whenever possible. Manufacturers will be expected to produce ballistic missiles, command systems, or critical components domestically or within Europe.

Other key criteria include rapid, guaranteed availability, proven effectiveness against long‑range threats, compatibility with Swiss operational needs, and reliable access to munitions and spare parts.

The government will make a final decision once negotiations with the three manufacturers are completed.

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US Vice President JD Vance indicated on Wednesday that a review was underway to see how the United States could sell Turkey F-35 fighter jets, given Ankara’s 2019 acquisition of Russian S-400 missile defense systems.

“Pete and the entire team are reviewing this right now, because there are certain things that we have to certify have happened…in order to comply with American law. The president has asked us to do that,” Vance told reporters.

US President Donald Trump’s administration is also planning to push ahead with the sale of dozens of jet engines to Turkey worth hundreds of millions of dollars despite objections from some members of the US Congress, four sources familiar with the matter said on Wednesday, an important gesture to Ankara ahead of a NATO summit there next month.

The engines, produced by General Electric, will power Turkey’s first indigenous combat jet KAAN, a major project launched in 2016 as part of NATO member Ankara’s efforts to be more self-sufficient in its defense. One of the sources said the package will be worth more than $700 million.

Turkey and the United States have generally enjoyed warm ties under Trump, who regularly praises Turkish President Tayyip Erdogan. However, their relationship has been tested by a long-standing disagreement over Washington’s decision to remove Turkey from the F-35 stealth fighter jet program and impose sanctions after Ankara acquired Russian-made S-400 air defense systems, which the United States says pose a security threat.

Asked on Wednesday about the jet engines, the F-35 program, and his plans for the summit in Ankara, Trump said: “I’m going to probably do something that will make them very happy.”

While the engine sale is likely to be welcomed in Ankara, analysts say it falls well short of Turkey’s broader goal of returning to the F-35 program.

“Acquiring the engines is certainly important for Turkey, but it is also the lowest-hanging fruit for a US administration that has made far more ambitious promises to Ankara, including Turkey’s return to the F-35 program,” said Gonul Tol, director of the Washington-based Middle East Institute’s Turkish program.

“The real test of whether Washington and Ankara can open a new chapter in bilateral relations lies there,” Tol said.

US law does not permit Turkey to operate or possess the S-400 system if it wishes to rejoin the F-35 program. However, US Ambassador to Turkey Tom Barrack said in December that the warm relationship between Trump and Erdogan helped the two sides hold “the most fruitful conversations we have had on this topic in nearly a decade.”

The Turkish foreign ministry declined to comment for this story.

Turkey will host NATO leaders amid tensions within the alliance over burden-sharing, defense spending and US complaints about allies’ role in efforts to keep the Strait of Hormuz open during the US-Iran war.

US lawmakers unsure over sale of fighter jets to Turkey

Turkey’s 2019 acquisition of the Russian air defense systems hampered congressional support for the US ally, although lawmakers ultimately approved the sale of F-16 fighter jets in 2024.

Some of that sentiment persists. Representative Gregory Meeks of New York, the top Democrat on the House of Representatives Foreign Affairs Committee, had raised objections during an informal review process and has not given his green light for the package, two of the sources, including a US official, said.

In a statement on Wednesday, Meeks criticized what he described as the administration’s failure to make a “good-faith” effort to brief him on the implications of the sale for bilateral ties as well as Turkey’s possession of the S-400s.

“These items will not be delivered for years, and the administration repeatedly ignored persistent requests for information and clarification on key aspects of US policy,” Meeks said.

Despite his objection, the decision to go ahead with the sale is expected to be finalized in the coming days, followed by a formal notification from the State Department to Congress, the sources said. The congressional review process is designed to allow lawmakers to weigh in on large sales but the objections are not binding if a US administration wishes to press ahead with the sale.

The Trump administration has bypassed, or threatened to bypass, congressional holds on several weapons sales.

“As a matter of general policy, we do not comment on pending arms transfers. Official correspondence with Congress is conducted through official channels,” a State Department official said.

Speaking alongside Trump, Vance said a review was under way to see if Turkey has complied with the US laws so it can receive the F-35 fighter jets.

“Pete and the entire team are reviewing this right now, because there are certain things that we have to certify have happened … in order to comply with American law,” he said, referring to Secretary of Defense Pete Hegseth.

Frustrated by past hot-cold ties with the West and some arms embargoes, Turkey has developed its own Kaan stealth fighter. Yet officials acknowledge it will take years before it replaces the American-made F-16s that form the backbone of its air force.

The US decision to move forward with the sale comes nearly a year after Turkish Foreign Minister Hakan Fidan publicly complained about what he described as a hold-up in the process.

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British budget airline easyJet has turned down a takeover, and the bidder is not backing off. On Monday, June 22, U.S. investment firm Castlelake made public a £4.74 billion (about $6.3 billion) offer to buy the carrier, taking its case directly to shareholders after easyJet’s board rejected three separate proposals this month. The airline, listed in London under the ticker EZJ, called the approach “opportunistic” and said it was not in the best interests of shareholders, accusing the American firm of trying to buy the company “on the cheap.”

Castlelake’s latest proposal, made on June 20, valued easyJet at 625 pence per share in cash, up from earlier rejected bids of 560 pence and 600 pence. The Minneapolis-based firm, which manages about $38 billion and is a major aviation investor, said it went public because of the board’s “unwillingness to engage meaningfully.” It already owns about 2.14% of easyJet through funds it manages, and framed its ambition as supporting the carrier as “a stronger, more resilient European airline under European control.”

The 625-pence offer represents a premium of roughly 57% to easyJet’s share price in late May, before Castlelake’s interest became known, and tops every published analyst price target issued since the airline’s April trading update. Castlelake argued the bid offers “compelling value” and would let shareholders judge its merits before a fast-approaching deadline.

easyJet pushed back on several fronts. The board said its share price had been temporarily depressed, partly by the hit to European travel demand from the Iran war, making the timing opportunistic. It also raised “considerable reservations” about Castlelake’s proposed ownership structure, which it called “opaque.” The airline said it remained focused on its medium-term targets and on growing its higher-margin holidays business, which has become a rising share of profit.

That structure is central to the fight. European Union rules require carriers like easyJet to stay majority-owned and controlled by EU nationals. To comply, Castlelake proposed taking a 49% stake, with the remaining 51% held by EU nationals and undisclosed others, and partnered with veteran aviation executives Peter Bellew and Mark Breen. easyJet countered that the arrangement was too unclear to form any basis for assessing the bid.

The clock is now the story. Under UK takeover rules, Castlelake faces a “put up or shut up” deadline of 5 p.m. on Friday, June 26, by which it must either announce a firm intention to make an offer or walk away for six months. The firm said its bid would be fully funded through a mix of committed equity and debt, with Goldman Sachs expressing confidence in arranging the money — though Castlelake cautioned there is no certainty a formal offer will follow.

Investors took notice. easyJet shares rose more than 5% in early Monday trading to around 530 pence, near their highest in years, and are up about 36% over the past month on takeover speculation. “There will be increased pressure on the board this week,” said Goodbody Stockbrokers analyst Dudley Shanley, though he noted some shareholders could be disappointed by the absence of an established European airline partner in the deal.

easyJet is one of Europe’s three largest low-cost carriers, behind Ryanair and Wizz Air. Founded in 1995 by British-Cypriot entrepreneur Stelios Haji-Ioannou and based in Luton, it employs more than 16,000 people and flew over 90 million passengers last year across 38 countries and more than 1,200 routes. Whether it stays independent now rests on a few days of pressure: Castlelake must decide by Friday whether to formalize its bid, and easyJet’s shareholders must weigh whether a board that keeps saying no is leaving money on the table.

JBizNews Desk
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Gov. Gretchen Whitmer wants to “build, baby, build,” but a bipartisan housing reform package is limping in the legislature.

Nonetheless, a single-stair bill outside that comprehensive package has stepped up.

The Michigan Senate is now weighing a pair of bills that would allow multifamily buildings up to six stories to be built with a single interior exit stairway. Advocates say the change could lower costs and unlock more infill housing statewide.

The single-stair bills cleared the House with bipartisan support. They weren’t part of the Housing Readiness package legislators filed this year or part of Whitmer’s agenda. But they speak directly to the same crisis.

“It’s still part of the cutting regulations to build more housing,” Lauren Strickland, Abundant Housing Michigan’s executive director, told HousingWire TBD.

Climbing onto the single-stair trend

Michigan’s single-stair legislation mirrors the height threshold most states have adopted as the new benchmark. Colorado, Texas, Montana and New Hampshire have already made the switch. Washington, D.C., council members are one step from final approval on a similar six-story allowance. California is weighing legislation that would direct the state to develop its own single-stairway standards for buildings up to six stories.

Many states passing single-stair reform have also pre-empted local zoning authority to encourage density and accelerate building.

Michigan’s Housing Readiness package could meet the same fate as Illinois Gov. J.B. Pritzker’s sweeping housing reform plan. Lawmakers slow-walked the measure and declined to vote on it before their legislative session ended.

Despite major industry support, Michigan’s legislative package has been bottled up in the House Committee on Government Operations since spring. It would reduce minimum parking requirements, modernize lot-size and setback rules, expand access to accessory dwelling units, and allow multi-unit buildings in more locations.

Housing advocates and industry supporters have modeled omnibus housing reform packages to spur new supply and bring down housing costs on Austin, Texas‘ successful example.

But Michigan’s effort is running up against the same friction among local governments that Pritzker and lawmakers in other states have faced when trying to strip away or supersede local zoning powers.

The Michigan Municipal League introduced a competing legislative proposal dubbed the MI Home Program. It is sitting in the same committee, with no floor vote in sight.

More building needed

Michigan produced roughly 54,000 new housing units in 2005 and only about 15,000 in 2024. That collapse has priced out working- and middle-class families statewide.

Old zoning rules need to be changed so that housing can be developed and built at the new production levels they once were.

“Detroit cannot be rebuilt with the zoning that exists now,” Strickland said.

Planners in Akron, Ohio, for example, are examining zoning rules to reduce lot sizes. The problem extends well beyond Michigan’s borders.

Whitmer has tied her agenda to a goal of 115,000 new and rehabilitated units. The state has logged 92,583 toward that target, according to recent Michigan State Housing Development Authority data.

The one piece of Whitmer’s agenda with a clear path to her desk is a trio of bills that would create a Michigan Housing Opportunity Credit. The credit would layer on top of the federal Low-Income Housing Tax Credit. The bills passed the full Senate and were referred as of June 16 to the House Regulatory Reform Committee, where Sen. Jeff Irwin (D-Ann Arbor) projects they would produce more than 2,500 new affordable units annually.

“Housing costs are crippling family budgets and making it harder for young people to find a future in our state,” Irwin said in a statement. “This legislation will mean more housing, leading to more options and affordability.”

On a separate track, Whitmer’s proposed tax credit could aid construction of the affordable housing that single-stair reform would permit.

A two-tier single-stair approach

Michigan currently follows the International Building Code, which requires two exit stairways in any residential building taller than three stories. The state had passed no prior amendments relaxing that cap. Dozens of other states moved to expand single-stairway construction in recent years. Michigan had not.

The bills would change that in two tiers. One permits a single interior exit stairway in buildings up to four stories. The second extends the allowance to buildings between five and six stories.

The two bills are explicitly linked. “The second does not take effect unless lawmakers enact the first into law.”

Both bills include a sunset clause. Each stops applying once the Michigan Department of Labor and Economic Opportunity formally incorporates the International Code Council’s own single-stairway standards into state code. That positions both as stopgaps pending an ICC update rather than permanent departures from the model code.

Strickland said the bills have strong bipartisan support and she expects them to pass.

With her term ending, Whitmer’s housing legacy may rest less on the sweeping zoning reforms her party pursued. A tax credit and a single staircase may be all she has to show for her efforts.

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Morgan Stanley is considering building a $1.3 billion office tower in Dallas that could eventually house nearly 4,800 employees, the latest sign that some of Wall Street’s biggest firms continue shifting growth and investment toward Texas.

The proposal received a significant boost when the Dallas City Council approved an incentive package worth up to $18.5 million to help secure the project.

Under current plans, the New York-based investment bank would consolidate several operations into a single 709,000-square-foot office tower in the city’s Uptown district. Combined investment from Morgan Stanley and developers could exceed $1.3 billion.

The project would be developed on land owned by Trammell Crow Co., one of the country’s largest commercial real-estate developers.

For Dallas officials, the potential move represents another victory in the city’s effort to establish itself as a premier financial-services destination.

Mayor Eric L. Johnson welcomed the project, pointing to the continued growth of what many now call “Y’all Street” — the rapidly expanding concentration of financial institutions throughout North Texas.

The broader trend has been building for years.

High operating costs, taxes, and regulatory burdens in traditional financial centers have encouraged firms to expand elsewhere. Texas has emerged as one of the primary beneficiaries, attracting banks, asset managers, insurance companies, and financial-technology firms seeking lower costs and access to a growing workforce.

Morgan Stanley would be joining several major competitors already increasing their presence in the region.

Nearby, Goldman Sachs is constructing a major campus that will house thousands of employees. Other financial institutions have expanded operations across Dallas, Austin, and other Texas markets as the state’s economic influence continues growing.

The economic impact could be substantial.

City planning documents suggest the project could support nearly 5,000 jobs and generate hundreds of millions of dollars in future payroll. Those workers would help support housing demand, retail spending, restaurants, and additional commercial development throughout the region.

The timing is especially noteworthy given ongoing challenges in the office sector.

Across much of the country, office vacancies remain elevated as employers adapt to hybrid work arrangements. Yet Dallas has remained one of the strongest office markets in the United States, supported by population growth and continued corporate relocations.

A project of this size would rank among the largest single-tenant office commitments in recent city history.

There are still hurdles ahead.

Morgan Stanley has reportedly considered other locations, including opportunities in Georgia, and the company has not publicly committed to Dallas. Final approvals and site-selection decisions remain outstanding.

Still, the direction is clear.

The center of gravity within American finance continues shifting beyond Manhattan. While New York remains the industry’s capital, more of Wall Street’s future growth appears likely to occur in places such as Dallas.

If Morgan Stanley proceeds, it would become one of the largest and most visible examples yet of that transformation.

JBizNews Desk | New York
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Two powerful earthquakes struck Venezuela on Wednesday, killing at least 164 people and injuring 971 more after dozens of buildings collapsed into piles of shattered concrete and steel in and around the capital, Caracas.

A magnitude 7.2 earthquake hit about 160 km (100 miles) west of Caracas, followed less than a minute later by a magnitude 7.5 tremor, according to the US Geological Survey (USGS).

Israel is preparing to send an aid delegation to Venezuela following the earthquakes, the Foreign Affairs Ministry said in a statement. “The Ministry is conducting a situation assessment with the relevant authorities in Israel and is examining the options for assistance,” the statement said.

The USGS, using predictive modeling to estimate the death toll, said it would most likely run into the thousands, with a substantial probability of exceeding 10,000.

There are no reported casualties within the Jewish community in Caracas so far, Miguel Trozman, one of the heads of the Confederation of Jewish Associations of Venezuela (CAIV), told Walla. “Many members of the Jewish community chose to go through this difficult night together and are now sleeping in the Jewish community center in the city,” he said.

Video footage showed emergency workers scrambling over the pancaked debris of a collapsed building in the capital as night fell, while distraught relatives sought help for loved ones believed to be trapped. Several dazed survivors were taken away, some on stretchers.

“When we went downstairs, the scene was like a horror movie,” said Maria Alejandra, a resident from a nearby building, who did not give her surname.

“We had to climb over the rubble and everything. The building superintendent with the baby and all the neighbors coming down. But from that building, I only saw that one family got out.”

Interim President Delcy Rodriguez said initial casualty figures do not include those from the worst-affected La Guaira state, near Caracas and home to the city’s airport, which had been closed.

“Dozens of buildings have collapsed, and we are currently carrying out very intense rescue efforts to save as many lives as God allows us to save,” she said in an appearance on state television just before 1 a.m. local time (0500 GMT) on Thursday.

“I also want to say that this is a true tragedy. From here, we send our message of solidarity, and to those families who have lost loved ones, we reaffirm our condolences and our support in these difficult hours.”

Many Venezuelans were at home when the quakes struck during the afternoon on a public holiday.

“There was a very loud crash. Things fell in the house, jugs inside the refrigerator. I’ve never experienced anything like it,” said Coro Martinez, 56, who lives in eastern Caracas.

Trump offers help after ‘devastating number of deaths’

Aftershocks continued to rattle the capital into the early hours of Thursday.

Rodriguez said the country was focused on rescue efforts, including the arrival in the coming hours of rescue crews from other countries, as she thanked leaders, including US President Donald Trump.

Trump said in a post on social media that the US was ready, willing, and able to help in the disaster.

“The two major earthquakes that just hit the great people of Venezuela are both massive in scale and have left a devastating number of deaths,” said Trump, who ordered the capture of Venezuelan President Nicolas Maduro in a violent raid in January.

Three people were killed in the Baruta district in Caracas after two buildings collapsed, the district mayor said on social media. One person was killed, and four buildings had completely collapsed, Gustavo Duque, the mayor of Chacao district in the capital, told journalists.

“We have buildings, homes, and houses which have collapsed, and we are taking care of things with everything we have available in terms of security, civil assistance,” Interior Minister Diosdado Cabello said on state television.

Residents rush into the streets

Wilmer Azuaje, a former Venezuelan lawmaker, captured the moment at Maiquetia Airport as the quake hit, sending masonry and clouds of dust falling.

“Everyone, the situation we’re experiencing here is serious. A high-magnitude earthquake. Look at how everything ended up,” he said while videoing the scene.

A tsunami warning was issued but swiftly canceled after the danger passed.

Residents across Caracas, which was also hit by a deadly magnitude 6.3 earthquake in 1967, rushed to evacuate as buildings shook.

“As soon as it started, we began hearing people screaming,” said Astrid Ramirez, a 41-year-old publicist in western Caracas. “Everyone was running down the stairs.”

Maria Romero, an 80-year-old pensioner in southern Caracas, said police helped her get out of her home. “This earthquake was horrible, even worse than the one in 1967,” she said.

Another resident, a 41-year-old office worker who declined to be named, said she received an earthquake alert on her phone just before the shaking intensified.

“As I picked it up and started listening to what it was saying, I first felt light shaking. Then, in less than two seconds, everything started moving.”

Leaders from countries including El Salvador, the Dominican Republic, and Brazil offered support and sympathy, while the US State Department said it was in touch with Venezuelan authorities and mobilizing assistance.

Rodriguez, who has been running the country since the US ouster of Maduro, said she has instructed the foreign ministry to coordinate the aid offers.

The US embassy in Caracas said it was closely monitoring the aftermath of the quake and urged citizens in the country to seek secure shelter.

Venezuela lies in a seismically active zone where the Caribbean Plate meets the South American Plate.

An estimated 30,000 people were killed when a powerful quake caused widespread destruction in the cities of Merida and Caracas in 1812, according to the USGS.

Hospitals brace for the injured

At Caracas’ Hospital de Clinicas, staff were asked to double up on the night shift to help treat the injured, a worker there said. Classes were canceled for the rest of the week as authorities began to take stock of the damage.

Venezuela’s oil infrastructure did not immediately appear to be affected by the tremors. Civil protection authorities in Maracaibo, near the large oil hub of Lake Maracaibo, said there were no injuries reported, and a worker at the El Palito refinery near Morón – the epicenter of the earthquake – said there had been no damage there.

UK oil firm Shell, which is evaluating developing gas fields in Venezuela, said all its employees in the country are accounted for with no injuries.

One source noted that extended loss of power could hit crude output levels until the service is restored. Venezuela’s oil ministry, state-run oil company PDVSA, and its main foreign partner, Chevron, did not immediately reply to requests for comment.

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Former Mossad chief Yossi Cohen has revealed for the first time that Africa was the geographic area where spies from his agency carried out their “dress rehearsal” for the now famous operation in which they broke into Iran’s secret nuclear archives in January 2018.

The operation changed the course of history as it was the impetus for then-first-term US President Donald Trump to pull out of the 2015 Iran nuclear deal shortly after the operation’s results were revealed in Spring 2018.

In turn, Trump pulling out of the deal and the failure of the parties involved to reach a new deal are viewed by most as leading to the two wars with Iran in June 2025 and early 2026, and eventually to the new deal between second-term Trump and Iran just signed on June 17.

In the 2023 book “Target Tehran,” a vast majority of the details are revealed regarding the Mossad operation, with Cohen himself adding some new details in his 2025 book, “The Sword of Freedom,” but one of the most critical details had still been left out until now: where the dress rehearsal took place.

While seemingly one of many small details, this one was actually crucial.

Mission impossible: Archives breached, nuclear documents snatched

The ability of dozens of Mossad agents to breach the highly protected Iranian nuclear archives facility without setting off any alarms or alerting Iranian authorities for the 6 hours and 29 minutes they were there and about two hours afterward, made it possible for them to seize whole bookshelves of the original nuclear documents and for every single member of the team to escape unharmed.

This was only possible because they were able to practice on a full life-sized model of the Iranian nuclear archive facility, including huge heavy steel safes which required flamethrowers reaching 3600 degrees to cut through them.

Despite numerous requests by The Jerusalem Post over the years, the identity of the geographic area was always kept under wraps due to various security and diplomatic concerns.

It is unclear what changed that allowed Cohen to disclose this detail now, but part of the change could relate to the intense beating that Iranian security and terror entities took during the recent war.

The report was also carried by Maghreb Online.

Interestingly, Morocco joined the Abraham Accords during Cohen’s term as Mossad chief, and there could have been overlap between the dress rehearsal and during the time that he was negotiating secretly with them about normalization, though the Post has no evidence that Morocco was the country where the dress rehearsal took place, and Israel has quiet relations with many countries viewed as off the radar.

In his interview, Cohen explained that such a large rehearsal in Israel of such a specific site could have drawn too much attention.

Morocco also has very close military relations with Israel and has publicly undertaken joint military drills as well as sent officers to the Jewish state earlier this week to work on developments for an International Stabilization Force in Gaza. 

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Prime Minister Benjamin Netanyahu returned to testify on Thursday in the NIS 500,000 defamation lawsuit he filed against protest activist and lawyer Gonen Ben Itzhak and journalists Uri Misgav and Ben Caspit.

The evidentiary hearing is being held before Ramle Magistrate’s Court President Judge Menahem Mizrahi at the Tel Aviv District Court building, where the case was moved for security reasons.

Thursday’s session continues Netanyahu’s testimony from May, which was cut short after roughly half an hour when the prime minister said he had to leave.

The lawsuit concerns several publications relating to Netanyahu’s health and fitness to serve, as well as an alleged meeting with former IDF Maj.-Gen. (res.) Amiram Levin.

According to the claim, Ben Itzhak wrote on Twitter/X that he had received information that Netanyahu had been treated for pancreatic cancer, while calling on him to disclose his medical condition publicly. Netanyahu has denied that he had pancreatic cancer and argues that the publication was false and defamatory.

Questioning Netanyahus appearance, speech, medical status

The claim also cites posts by Misgav questioning Netanyahu’s appearance, speech, medical treatment, and reported hospital visits. Caspit is sued over a report concerning an alleged meeting between Netanyahu and Levin, after which Levin was said to have left disturbed and to have concluded that Netanyahu was unfit and dangerous to the state.

Netanyahu denies that such a meeting took place.

At the earlier hearing, Netanyahu said his medical condition was “proper” and “excellent,” and said he had not suffered from pancreatic cancer.

He testified that, after years of treatment for an enlarged prostate, examinations toward the end of 2025 found an early-stage cancerous growth in the prostate. Netanyahu said he underwent five radiation treatments in January and February and that subsequent examinations showed the lesion had been removed without metastasis.

The defendants deny that their publications amount to defamation.

Ben Itzhak has filed a NIS 480,000 counterclaim against Netanyahu, alleging that Netanyahu and his son published defamatory material linking him to criminal incidents unrelated to him and exposed personal details about him. He has also argued that Netanyahu’s suit is a silencing lawsuit.

Caspit has argued that his publication did not concern Netanyahu’s medical condition, but rather reported on Levin’s alleged impressions following the claimed meeting. Misgav has argued that questions about the health of an elected official fall within legitimate public criticism and that the suit is intended to silence a critical journalist.

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Two IDF sources on Thursday denied reports that Israel has withdrawn from some of the buffer zones in southern Lebanon created during its war with Hezbollah.

Earlier, a US State Department official claimed that IDF had withdrawn from the buffer zones, adding that Lebanon’s armed forces should now step in.

A senior Lebanese security official also said they were unaware of any withdrawal of Israeli troops from the buffer zone in southern Lebanon.

“Israel has already taken a concrete step by pulling back from a part of its buffer zone. This is a significant demonstration of good faith toward Lebanon’s legitimate government,” the official said.

“The [Lebanese Armed Forces] should now move in and verifiably clear out terrorist weapons and infrastructure. This model will be repeated across South Lebanon, enabling the safe return of displaced families, reconstruction of the south, and the restoration of full Lebanese sovereignty,” the official added.

Israel planned ‘pilot’ to withdraw from southern Lebanon

During the recent negotiations between Beirut and Jerusalem, Israel and the IDF offered a very modest withdrawal, possibly from places like Tibnin and the Ali Taher Ridge, which the IDF only took over last week.

According to the IDF concept, it would withdraw from some of the newest areas it has taken over to see if the Lebanese army will properly clean out Hezbollah from those areas.

Some Israeli officials are trying to draw a distinction between withdrawing from areas where Hezbollah would have a direct line of sight to fire on Israeli northern villages and areas where there would be no such direct line of sight.

However, the Lebanese government and Hezbollah – while disagreeing on many issues – are both pushing for a faster and wider withdrawal.

There are multiple withdrawal line options.

Until May 26, Israel had not crossed over the Litani River or the Wadi Saluki area, and the IDF could withdraw initially to that prior line.

Next, there are at least three lines of Lebanese villages in southern Lebanon that the IDF has overrun, and it could withdraw backward to any of those lines.

For example, most IDF forces in fall 2024 had only advanced to the first line of villages.

This could involve going backward from 10 kilometers or more into southern Lebanon back to three to five kilometers into the country.

Eventually, the IDF might even withdraw to its five outposts, which were only several hundred meters into southern Lebanon, and which it withdrew to in February 2025.

Yet, given that the IDF took four months to withdraw in that round of fighting, it is expected that any IDF withdrawals will first test Hezbollah’s continued ceasefire compliance as well as the Lebanese army’s willingness to confront and remove Hezbollah fighters and infrastructure from the south of the country.

Prime Minister Benjamin Netanyahu and Defense Minister Israel Katz have given the impression that the IDF will remain in parts of southern Lebanon for many months or even years to press Hezbollah to disarm.

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Israel is preparing to send an aid delegation to Venezuela following the earthquakes that hit the country, the Foreign Ministry said on Thursday.

“The Ministry is conducting a situation assessment with the relevant authorities in Israel and is examining the options for assistance,” the statement said.

The Health Ministry is also preparing to send a medical aid delegation to Venezuela, including forming medical, logistics, and emergency response teams that will join the effort, pending coordination with and approval from the Foreign Ministry.

The offers of aid come after a magnitude 7.2 earthquake hit about 160km. (100 miles) west of Caracas on Thursday, followed less than a minute later by a magnitude 7.5 tremor, according to the US Geological Survey (USGS).

The USGS, using predictive modeling to estimate the death toll, said it would most likely run into the thousands, with a substantial probability of exceeding 10,000.

Keren Kayemeth LeIsrael-Jewish National Fund (KKL-JNF) announced on Thursday that it is preparing to provide aid totaling hundreds of thousands of shekels to Venezuela’s Jewish communities.

This includes 500 families who were evacuated from their homes, KKL-JNF said.

KKL-JNF chairman Eyal Ostrinsky spoke with Roberto Mishkin, a senior leader of the Jewish community in Venezuela, and KKL-JNF Venezuela’s CEO, who updated him on the situation.

“KKL is committed to Jewish communities in the diaspora, which are an inseparable part of us both in routine times and in emergencies. Just as we were there during Operation Roaring Lion system in Beit Shemesh, Beersheba, Dimona, and Arad with communities that suffered severe damage and extreme upheaval, so we will be there for our brothers in Venezuela in their time of need,” said Ostrinsky.

There are no reported casualties within the Jewish community in Caracas so far, Miguel Trozman, one of the heads of the Confederation of Jewish Associations of Venezuela (CAIV), told Walla. “Many members of the Jewish community chose to go through this difficult night together and are now sleeping in the Jewish community center in the city,” he said.

IsraAID, Israel’s largest non-governmental humanitarian aid agency, also confirmed that it is deploying an emergency response team to the South American country.

“IsraAID’s initial team will include emergency response specialists and humanitarian experts from the organization’s ongoing mission in Colombia and its global Emergency Response Team,” the NGO added.

The staff will focus on “mental health and psychological first aid, water, sanitation and hygiene, and rapid needs assessment in affected communities,” said IsraAID.

US, China, Spain, Brazil to assist Venezuela after earthquake

US President Donald Trump said that the two earthquakes that hit Venezuela earlier in the day had “left a devastating number of deaths,” without citing any official casualty figures.

US President Donald Trump reaction to the earthquake in Venezuela. (credit: SCREENSHOT/TRUTH SOCIAL)

“The two major earthquakes that just hit the great people of Venezuela are both massive in scale and have left a devastating number of deaths,” Trump said in a post on Truth Social.

“The U.S.A. stands ready, willing, and able to help! I have instructed all agencies of our government to get ready to move quickly. We will be there for our new and great friends. Early reports are not good.”

The Chinese Foreign Ministry said that China will do what it can to assist Venezuela. No Chinese casualties or injuries reported so far, according to the authorities.

Spain’s Prime Minister Pedro Sanchez offered his support to Venezuela, with Spanish Foreign Minister Jose Manuel Albares adding that Spain was ready to supply any emergency aid required.

“Spain and myself offer our full support to the Venezuelan people following tonight’s devastating earthquakes,” Sanchez posted on X/Twitter. “Our thoughts are with the victims and their families.”

People gather as emergency services work at the site of a collapsed building after earthquakes hit the country, in Caracas, Venezuela, June 25, 2026.  (credit: REUTERS/LEONARDO FERNANDEZ VILORIA)

President of Brazil Luiz Inácio Lula da Silva similarly declared the nation’s support for the Venezuelan government’s recovery efforts and directed the Ministry of Foreign Affairs and the Brazilian Embassy in Caracas to assess how Brazil can help. 

“I reaffirm our determination to support the government of Acting President Delcy Rodríguez in the recovery of affected areas of this sister nation, whose people have given proof of great resilience in the face of adversities,” he posted to his X/Twitter account on Thursday morning. 

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An individual reportedly suffering from post-traumatic stress disorder (PTSD) was disarmed on Wednesday by the Israel Police after locking himself in his Netivot home with a handgun and threatening to commit suicide.

The individual, a security guard who spent an extended period in the reserves during the war, was at home with his wife and children but reportedly posed no threat to anyone but himself.

Advanced-Staff-Sergeant Major Ariel Morzhanov, an operator in the crisis negotiation unit of Yamar who helped save lives by handling negotiations with the terrorists at the Edri family home during the October 7 massacre, arrived at the scene to manage dialogue and de-escalate the situation.

The incident began when police officers, together with the municipal policing unit, arrived following a report of a suicide threat. The Israel Police negotiation team was also deployed, and Morzhanov, an Ofakim resident who serves in the Southern District Central Investigative Unit (YAMAR), was rushed to the scene, while Counterterrorism Unit (Yamam) forces were subsequently on standby as an intervention force.

After discussions with the negotiation team at the scene and personnel from the Ofek unit, the at-risk individual lowered his weapon and was taken for further questioning by the police.

Suffering PTSD, no one harmed due to ‘professional, responsible, sensitive’ action

After some time, the incident ended with no casualties. Police forces left the scene after the situation was brought back under control.

The individual reportedly suffers from PTSD due to his military service.

The municipality stated that the sensitive and complex incident that occurred in the city ended with no loss of life, thanks to the “professional, responsible, and sensitive action of all parties involved.”

Mayor Yehiel Zohar said that the individual is a resident of the city and a security personnel member who served a prolonged period in the reserves, and that the municipality “stands by the resident and his family members, is accompanying them, and will continue to assist as much as required.”

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El Al will suspend its Tel Aviv-Moscow flights for the coming days due to developments between Russia and Ukraine and recent aviation incidents in the region, a spokesperson said on Thursday.

The airline will reassess the situation next week and decide whether to resume operations, with passengers to be informed and offered alternatives in accordance with the law.

Ukraine’s military hit an oil depot in Russia’s Krasnodar region and two oil refineries in the Ufa region, 1,500 km from the Ukrainian border, President Volodymyr Zelensky said on Thursday.

Kyiv’s intensified air strikes on Russian energy infrastructure hit targets as far away as Siberia, more than 2,000 kilometers rom the front line, undermining the availability of gasoline and diesel in Russia, the world’s third-largest oil producer.

 

Ukrainian strikes halt Russian oil sales

In Crimea on Sunday, Ukraine targeted a Russian port and fuel transit terminals in the Kerch Strait. Videos from social media show fiery explosions at a port late at night, with thick smoke surrounding what appear to be oil tanks.

Since then, Ukrainian attacks on maritime logistics and supply roads have sparked a fuel crisis in Russia and areas of Ukraine it controls, leaving it to ban exports of gasoline and jet fuel.

Russia is considering a diesel export ban, Deputy Prime Minister Alexander Novak said on Tuesday, while a newspaper reported on possible fuel imports to tackle shortages, especially in Crimea, which tightened restrictions on public services and activities.

Sevastopol, Crimea, restricted the operating hours of public transport, shops, cafes, and streetlights, and also banned mass outdoor activities, in addition to previously announced fuel sales limits.

Mikhail Razvozhayev, the Russian-installed governor of Sevastopol, home ​to Russia’s Black Sea Fleet, announced on Monday evening “enforced temporary measures,” including the closure of public transport at 10 p.m., and of large shops and cafes at 8 p.m. Street lighting was dimmed.

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A US District Court judge sentenced an Israeli citizen, residing in Arizona, to “time served with three years of supervised release” on Wednesday, after he pled guilty to conspiring to steal a trade secret last month, the US Justice Department confirmed on Thursday.

The Israeli resident of Scottsdale was identified as Guy Galanti, 48, who was charged with conspiring to steal a trade secret on September 10, 2025. Authorities arrested Galanti on September 11, and he has been in custody since, the Justice Department noted.

He worked as a senior-level manager for Scottsdale-based Green Technology Investments (GTI).

The company services semiconductor testing machines and sells remanufactured machines with new GTI-designed functionalities added, the Justice Department said.

Between January and August 2025, Galanti conspired with another, as-yet-unidentified individual to steal GTI’s newly created Glass Detect Design, the announcement adds.

This item allows a semiconductor testing machine to “locate microscopic defects on a semiconductor wafer made of glass instead of silicon material,” the Justice Department said.

Co-conspirator worked for Taiwanese competitor company

His co-conspirator “sought to recreate GTI’s new design as he operated a Taiwanese company that directly competed with GTI,” it added.

Over the course of several months, Galanti “secretly sent photos of GTI’s Glass Detect Design, information, and software, to his co-conspirator in an effort to recreate GTI’s proprietary system,” according to the Justice Department.

The two communicated via an “encrypted messaging system, deleted emails and transaction data from Galanti’s work email, and created fictitious invoices to document the transfer and potential payment of funds to Galanti,” in order to conceal their intentions, the announcement adds.

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While the country came to a standstill in a traffic jam, Netanyahu and the ultra-Orthodox again cut a deal: enlistment laws, budgets, and political moves that deepen the rift, while the IDF and the public bear the burden of the war and the national cost.

The giant traffic jams that clogged several of Israel’s main roads on Monday were the result of a serious head-on car accident. An accident between Benjamin Netanyahu and the State of Israel. An accident in which the country’s leaders rise up to destroy it. An autoimmune event. An acquired immune system failure.

The rotten deal Netanyahu is weaving in public with his non-Zionist partners allowed one of their senior figures on Monday to cruise in his luxurious car, equipped with a security siren, in order to block Israel’s roads. All this in the name of a huge sector that is trying to keep milking the state’s dwindling udders, yet insists on contributing nothing to it.

I am, of course, speaking about Yitzhak Goldknopf, the ultimate symbol of the immune-system failure from which we have suffered.

He represents a large Hasidic stream within a huge ultra-Orthodox community, growing at a much faster pace than the rest of the community. That community is drawing enormous resources from the state at an increasing rate. If it were possible to calculate what has been showered on them during the Netanyahu era, and especially recently, we would reach crazy numbers.

Haredim protest draft while IDF implodes

All this is happening while the IDF,  the body that is supposed to protect our existence here, is collapsing inward. When we will soon, to our horror, mark 1,000 IDF fallen since October 7, not including civilian murders, tens of thousands wounded, and tens or perhaps hundreds of thousands suffering from mental injury and post-traumatic stress. In light of all this, one could expect a bit of modesty. Tightening the belt in certain sectors, especially those not taking part in the effort.

What we got was the opposite. An uncontrollable binge. A headlong rush. A mass assault on the public coffers, or what is left of them. All this is being done with authority and permission, in broad daylight, head held high and with pride. If we were living in biblical times, I suppose God would already have brought down a flood on us. In fact, He already did: “Tufan al-Aqsa,” translated as the “Al-Aqsa flood,” the “Jericho Wall” plan.

There were once days when just the details of the stinking deal unfolding before our eyes would bring down governments here. The ultra-Orthodox receive Basic Law: Torah Study, the kashrut law, and a whole host of other benefits, all at our expense. Aryeh Deri will soon be able to appoint another 3,500 kashrut supervisors to the state’s payroll, a move that will also raise prices at restaurants and hotels. What’s the problem? There are suckers paying for all this. We are.

Netanyahu’s coalition remains unashamed after failures on October 7 

What does Netanyahu get? What he needs: the continuation of the anti-democratic legislative spree he needs in order to keep wrecking state institutions and create an option to escape the fear of judgment. Everything, until the last moment: subordinating the Police Internal Investigations Department to the justice minister, for the first time a politician will run investigations here, splitting the attorney-general’s post, the law weakening the media, and a host of additional coup laws.

After October 7, there was a brief period when this gang was ashamed. Yariv Levin fell into depression in cabinet meetings; his legs and hands trembled. The screamers, such as Miri Regev, made an effort not to leave the house too much. Silman, the direct cause of the destruction, was not seen. Smotrich, in a rare burst of honesty, explained that in two days they would be called on to resign, and they would be right. That passed. The appetite returned, and in a big way. And all this under the direction of the ultimate responsible party, Netanyahu.

Yesterday, his testimony on the thousands of files finally ended. That’s it, it’s over. He no longer has to return to court until the verdict. Which makes his pleas for clemency, that is, cancellation of the trial, unnecessary. He is now left alone with his fate.

The problem is that he does not accept his fate. He is trying to change it. He is the first to know that the cases have not collapsed, on the contrary. The question is what else he is capable of in order to escape the fear of judgment. I do not know the answer, and I am afraid to think about it.

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Oil prices fell to their lowest levels since before the outbreak of the Iran war on Thursday as tanker traffic through the Strait of Hormuz continued to recover, signaling that crude exports from the Gulf are steadily returning to normal and easing prolonged supply disruption fears.
Brent crude futures for August delivery fell about 1.4 percent to around $72.70 a barrel in early morning trading on June 25, while U.S. West Texas Intermediate (WTI) dropped about 1.1 percent to below $70. Prices have now fallen for four straight sessions, wiping out all of the gains recorded since the conflict began.
The decline comes as confidence grows that a preliminary U.S.–Iran peace agreement reached last week will hold, allowing oil shipments to resume through one of the world’s most important energy chokepoints….

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South Korea’s SK Hynix said it plans to raise as much as $29.4 billion through a U.S. stock listing — a sum that would rank among the largest share sales in history and would tie the world’s leading memory-chip maker directly to the American investor base fueling the AI boom.

The offering will take the form of American Depositary Receipts, or ADRs, listed on the Nasdaq Global Select Market. SK Hynix plans to issue 17.79 million new shares, with 10 ADRs representing one common share. The final price will be determined through a bookbuilding process shortly before trading begins.

The sale is being led by Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.

To understand why this matters, start with what SK Hynix actually makes. The company is the world’s leading supplier of high-bandwidth memory, or HBM — specialized memory chips used alongside the powerful processors inside AI data centers.

Every major AI system requires enormous amounts of memory to feed data into advanced chips such as those produced by Nvidia. SK Hynix controls roughly 57% to 60% of the global HBM market, placing it at the center of the AI infrastructure boom.

That position has produced extraordinary results.

SK Hynix shares have surged more than 280% this year, pushing the company’s market value above $1 trillion. It recently surpassed Samsung Electronics as South Korea’s most valuable listed company, ending Samsung’s decades-long dominance.

The company reported record operating profits and soaring sales as AI demand continued to outpace supply.

So why raise additional capital?

Management says the U.S. listing will broaden the shareholder base and help ensure the company’s value is more fully recognized by global investors. The proceeds will fund new semiconductor plants, advanced packaging facilities, and next-generation manufacturing equipment.

The company has outlined major investments in the Yongin Semiconductor Cluster, a large-scale chipmaking complex expected to play a key role in future production. Additional spending will support advanced HBM packaging facilities and purchases of expensive extreme-ultraviolet lithography equipment from Dutch supplier ASML.

The timing is notable.

Investors have recently become more cautious about the enormous spending required to support artificial intelligence. Chip stocks experienced a sharp selloff as markets questioned whether current levels of AI infrastructure spending can be sustained indefinitely.

Even so, SK Hynix remains one of the clearest beneficiaries of the AI revolution.

Industry executives continue warning that memory shortages could persist for years as demand from AI applications continues growing. That means the company’s products remain among the most strategically important components in the global technology supply chain.

At the upper end of expectations, the transaction would rank among the largest stock offerings ever completed and would further solidify SK Hynix’s position as one of the biggest winners of the AI era.

For investors, the deal offers direct exposure to one of the companies sitting at the center of the world’s fastest-growing technology sector.

JBizNews Desk | New York
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SAN DIEGO — It is an unusual time to be in the vaccine business. But in the view of those gathered here at the BIO international conference this week, it’s not altogether a bleak one.

In fact, some vaccine makers are feeling more optimistic than they were a year ago — considering the circumstances, at least.

In interviews with STAT, they acknowledged that Health Secretary Robert F. Kennedy Jr., a longtime vaccine critic, has brought once-unthinkable disruptions — the cancellation of major mRNA vaccine contracts, the dismantling of universal vaccine recommendations, cuts to government funding for research — and that Washington could deliver more ahead. 

Continue to STAT+ to read the full story…

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Two senators are renewing their push to greatly expand access to methadone treatment for opioid addiction. 

On Thursday, Sens. Ed Markey (D-Mass.) and Rand Paul (R-Ky.) are introducing an updated version of legislation that would allow doctors who hold board certifications in addiction medicine to prescribe methadone directly to patients for pickup at a pharmacy. 

Read the rest…

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WASHINGTON — Last year, Congress passed a bill restricting how U.S. pharmaceutical and biotechnology companies can do business with Chinese firms. Many political leaders don’t seem to be satisfied. 

Already, they’re laying the groundwork for additional legislative and regulatory measures to counter the rise of Chinese biopharma companies. And federal health officials are working to make it easier for companies to operate in the U.S.

“The itch has not been entirely scratched,” said Bobby McMillin, partner at Arnold Porter.

Continue to STAT+ to read the full story…

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Just before the bicentennial fireworks started, on July 1, 1976, the precedent-setting Tarasoff v. Regents of University of California case redefined patient confidentiality by introducing the concept of “mandated reporting” and codifying the ethical and legal “duty to warn.”

The case centered on the 1969 murder of Tatiana Tarasoff by Prosenjit Poddar, a man she briefly dated, who we might today call a stalker.

Read the rest…

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The United States is currently short millions of homes, according to various estimates. At the same time, with housing starts falling to their lowest level in six years in May, Robert Dietz, chief economist at the National Association of Home Builders (NAHB), recently predicted that 2026 will be another “down year” for new home construction.
He said many factors are impeding the pace of new homebuilding, but local legal and regulatory burdens are “the really big one,” particularly in states such as California and New York.
Entry-Level Housing Shortage
Speaking with Siyamak Khorrami, host of EpochTV’s “Market Insider,” Dietz said potential homebuyers are facing short-term challenges from rising mortgage rates resulting from higher inflation and oil prices, and long-term challenges from housing shortages caused by a decade and a half of underbuilding, which have pushed home prices to present high levels. …

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Officers from Israel Police’s Jerusalem District arrested two suspects during the overnight between Wednesday and Thursday, due to suspecting that they drew a gun and threatened haredi (ultra-Orthodox) protesters blocking Highway 1 during Wednesday’s protests.

The suspicions were raised after a video of the alleged incident was circulated on social media, Israel Police confirmed.

Video footage appearing to show a man threatening to shoot haredi (ultra-Orthodox) protesters blocking Highway 1, June 24, 2026. (credit: VIA ISRAEL POLICE)

The video, seen by The Jerusalem Post, appears to show one of the suspects in the driver’s seat of a vehicle, going past the haredi protesters at a slow speed, leaning out of the window, and pointing what appears to be a pistol towards them, before driving off.

Police officers seize weapon following incident

One of the suspects was questioned, and their weapon was seized by police officers.

Police will request permission from the court to extend their detention.

The second suspect was found to not hold a weapons license and is under investigation.

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Chief Sgt. First Class (res.) Basil Sweid, 32, from Peki’in, died during an operational activity in southern Lebanon, the military confirmed on Thursday.

Sweid was a driver in the 75th Battalion of the 7th Armored Brigade.

The incident occurred at approximately 10:50 p.m. on Wednesday evening when a vehicle overturned during an operation near Rab El Thalathine in southern Lebanon.

In the same incident, another soldier was moderately wounded and evacuated to the hospital for medical treatment.

This is a developing story.

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As mortgage underwriting absorbs Buy Now, Pay Later (BNPL) activity, rent payment history and trended credit data, consumers face a new challenge: understanding how everyday financial behavior is being interpreted by increasingly sophisticated scoring systems.

Credit modernization is not the problem. In many ways, it is overdue.

The lending industry has made a strong case that the current system can become more competitive, more efficient and less costly for consumers. Efforts to modernize mortgage credit reporting, including targeted single-report and single-score frameworks for borrowers with strong credit profiles, reflect a broader push toward a more transparent and flexible system.

That is the right direction. But it raises a harder question: If the credit system becomes more sophisticated, are consumers becoming equally sophisticated in how they understand it?

A widening gap and shrinking margins

Recent counseling data suggests the gap may be widening. Across nonprofit counseling organizations, demand continues to increase as households navigate rising costs and more complex financial tradeoffs. In 2024, nonprofit financial counseling providers reported a 35% increase in households seeking support, alongside rising unsecured debt and housing costs. 

Average unsecured debt among these consumers approached $29,000, while housing expenses rose roughly 11% year over year. At the same time, many households are operating with very limited financial flexibility. In some segments, consumers are dedicating roughly two-thirds of their net income to housing and debt obligations, leaving little room to absorb change or error.

Making alternative data count

Platforms like CredEvolv report that consumers referred by mortgage lenders show an average credit score improvement of approximately 50 points over roughly 5.5 months.

These are not marginal shifts. They reflect households trying to make increasingly complex financial decisions with less margin for error.

Meanwhile, more everyday financial behavior is becoming machine-readable. Fannie Mae has announced updates that allow limited use of VantageScore 4.0 and plans to incorporate FICO Score 10T in the future. Policymakers are examining how BNPL data is handled by consumer reporting agencies, while rent reporting continues to be promoted as a pathway for consumers with thin credit files to build payment history.

That can be a win. A renter who has paid on time for years may finally have that history count. A borrower steadily paying down balances may look different from someone whose debt is moving in the wrong direction. A consumer with limited traditional credit may have more ways to demonstrate reliability.

But more data only helps if the data is accurate, explainable and understood.

Why more data requires more guidance

Consider a borrower who uses BNPL responsibly to manage short-term cash flow. Today, that activity may not always appear consistently in traditional credit reports. Tomorrow, depending on reporting practices and scoring model treatment, those same short-term obligations could become part of a broader picture of repayment behavior and debt capacity. The consumer may not have changed behavior at all, but the way the system interprets that behavior may change significantly. That creates a moving target.

This is where financial counseling should be viewed as part of the credit infrastructure, not as an afterthought.

Counseling providers and lending partners report that referral-based counseling programs can achieve meaningful engagement when integrated directly into lender workflows. The challenge is not simply access to data. It is the ability to interpret it. Consumers increasingly need practical guidance on how financial behavior is being counted, excluded, weighted or misunderstood. For households operating with little margin for error, those questions are not theoretical. 

Counseling experience shows that many consumers are already running monthly deficits or relying on credit to bridge essential expenses. In that environment, even small changes in how payment behavior is reported or interpreted can affect mortgage readiness, rental screening, pricing, deposits and access to opportunity.

Redefining the role of financial counseling

The role of counseling is no longer simply to “raise a score.” It is to provide actionable guidance — helping people understand how the system sees them and what they can do before a lender, landlord or screening platform makes a decision. That role is becoming more important as credit evaluation evolves.

Modernization done well can reduce friction, improve competition and help more creditworthy households be seen. But modernization without translation risks creating a marketplace where consumers only discover the rules after they are denied.

The next credit gap may be an information gap. Closing it should be a shared goal for lenders, counselors, policymakers and consumer advocates. Financial counseling is one of the few mechanisms capable of translating credit modernization into practical consumer guidance at scale — not by opposing innovation, but by making sure consumers can understand it, act on it, and benefit from it.

“The question isn’t whether consumers will be affected by credit modernization — they already are,” said Jeff Walker, CEO of CredEvolv. “The question is whether they’ll have a guide when the rules change under their feet.”

Helene Raynaud is the SVP of Business Development at Money Management International.
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com.

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The US Senate rejected a measure aiming to limit US President Donald Trump’s war powers, a day after passing a separate resolution that called for the removal of US forces from Iran, late Wednesday evening. 

The measure was proposed by Democratic Sen. Tim Kaine and failed 50-47-1, though GOP Sens. Susan Collins and Lisa Murkowski voted in favor, siding with the Democratic majority. This marks a stark turnaround from Tuesday’s resolution.

Both GOP Sen. Rand Paul and Sen. Bill Cassidy voted to limit Trump’s power in Iran on the original motion, but changed their votes on the new measure the next day. Paul voted present, and Cassidy voted against the proposition. This comes after Trump called out Congress for limiting his negotiating power with Iran. 

Though the Trump administration claims that the US is no longer involved in attacks on Iran since the MoU and subsequent ceasefire, Kaine’s motion called for “the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.” The measure would’ve gone to the president’s desk for official approval if it had passed, leaving it unclear whether it would’ve gone into effect.

Trump praised the vote on his Truth Social account, mentioning Sens. Paul and Cassidy for changing their minds and claiming that the measure “puts Iran on notice.” 

Louisiana Sen. Cassidy has historically called out the president for his lack of transparency regarding US involvement in Iran, culminating in a heated interaction between the two at a private GOP Senate lunch on Wednesday. 

“The American people need to know more than we are being told,” Cassidy told reporters after the meeting. “It does not appear, although I don’t know for sure, that the course of this is going the way that we were told.”

Later that evening, Cassidy was invited to the White House for a more conclusive briefing on the situation from Vice President JD Vance and Special Envoy Steve Witkoff. He posted on X thanking the two politicians for “address[ing] many of [his] concerns,” and changed his vote in support of the Trump administration that night. 

Kentucky Republican Paul also posted on X to clarify his position on the issue. He said that though his opinion hasn’t changed, he’s voting present “to give the President more space and leverage to negotiate a lasting peace.”

What did the original measure entail?

The Tuesday resolution heavily reined in Trump’s war powers in Iran, seeking to block US military activity in the region. It was the 10th attempt from the Senate to take such action since the US and Israel launched their attack on February 28, and it passed 50-48. 

The resolution was approved by the House earlier this month and marked a symbolic show of concern from GOP lawmakers regarding US involvement in Iran. Notably, four republican senators voted in favor of the measure – Sens. Cassidy, Paul, Murkowski, and Collins.

The president took to his Truth Social account following the vote, calling the four Republicans “losers [who] voted with the Dumocrats,” claiming that it was “poorly timed and meaningless,” and that it indicated to the “Number One Sponsor of Terror in the World that the United States doesn’t like what [he’s] doing to them.” 

The Senate rebuked its opposition to the president’s war in Iran the next day.

Ruby Sadikman contributed to this report.

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Holocaust survivor and reservist Colonel Simcha Applebaum passed away on Tuesday at the age of 99. 

Applebaum served as deputy commander of the 188th Brigade in the Yom Kippur War and was among the founders of Kibbutz Netzer Sereni.

Having moved from the horrors of the Holocaust to dedicating his life to the revival of the Jewish state, his personal experiences are the essence of the story of the Jewish people in the 20th century.

Applebaum was born in 1927 in the town of Malch, in the Pruzhany district (today in Belarus), into a traditional family. 

His father, Yaakov, was a leading Zionist activist who worked on sending young people to agricultural training in preparation for immigration to the Land of Israel. In November 1941, Applebaum, along with his parents, Yaakov and Rachel, and his older sister Ella, was deported to the Pruzhany ghetto.

Deported, escaped twice, sent to Auschwitz, and liberated

In May 1942, Applebaum joined a group of Jewish youth who escaped to the forests in an attempt to unite with Jewish partisans and Soviet soldiers. 

In November of that year, he risked his life and secretly returned to the ghetto with several young people in order to obtain food and clothing. During the operation, several of his friends were hit by German fire, but Applebaum managed to escape and reached his parents’ home.

In January 1943, the Pruzhany ghetto was liquidated. Applebaum and his family were sent to the Auschwitz-Birkenau extermination camp, where his parents and older sister perished. 

Applebaum posed as older than his age in order to avoid the death selection and was sent to forced labor. The number 78524 was tattooed on his arm. He was employed carrying heavy bricks for the construction of crematoria and the establishment of the Gypsy camp.

In April of 1943, he was transferred to Auschwitz, where he worked in construction, laying railway tracks. During his work, he was severely beaten, losing half of his teeth and, oftentimes, his consciousness.

In September 1943, after a series of selections, he was transferred to an SS-run ammunition factory, and in April 1944, he was moved to the Siemens factory in the nearby Bobrek camp.

In January 1945, with the approach of the front, Simcha was sent on a death march toward Gleiwitz and from there was loaded onto an open railway car moving westward. 

Once in the Czech Republic, Applebaum jumped from the moving train and escaped. He hid for five weeks with the help of local farmers, but was eventually captured by the Gestapo, brutally tortured, and sent to the Buchenwald and Sachsenhausen camps.

In April 1945, he was again forced on another death march toward the Baltic Sea under SS guard. In the midst of the grueling journey, Simcha made a vow that if he survived and remained alive, he would immigrate to the Land of Israel, establish a settlement in memory of his parents and family members who were murdered, and join the security forces of the Yishuv to help establish the state. 

On May 3, 1945, the remaining marchers were liberated by the United States Army.

Simcha immediately began fulfilling his vow. Following liberation, he joined the Buchenwald Kibbutz in Germany, and in March 1946, he immigrated to the Land of Israel aboard the immigrant ship Tel Hai. 

In the summer of 1946, Applebaum underwent agricultural training at Kibbutz Afikim and was sent to a squad commanders’ course in the Haganah.

With the outbreak of the War of Independence, Applebaum fought in the Givati and Negev brigades on the southern front.

On June 20, 1948, during the first truce and before Operation Dani, he went up to settle as a commander together with 16 of his comrades from Kibbutz Buchenwald at the Shapira farm near Be’er Ya’acov. This laid the foundation for the establishment of Kibbutz Netzer, known today as Kibbutz Netzer Sereni. In doing so, he fulfilled the first part of his vow.

Later in the war, he attended an officers’ course and, at the end of 1948, was appointed platoon commander in the Negev Brigade. At the end of January 1950, he returned to his kibbutz and held senior positions there, alongside his activity in the Manufacturers Association.

Simcha continued to serve and fought in Israel’s wars. One of his greatest tests came in the Yom Kippur War, when he served as deputy commander within the 188th Armored Brigade. He also played a central role in rebuilding the brigade after it suffered heavy losses in the early days of the war.

Simcha reached the rank of reserve colonel in the armored corps and was among the initiators and founders of the memorial site for the brigade’s soldiers in Latrun.

‘I am fighting… so that what happened to my generation does not happen to yours’

In those difficult days of October 1973, when he was asked to speak to the young soldiers who were about to go into battle, he delivered a chilling monologue that expressed the essence of his life: “Look, boys, I am no longer so young, and this is my fourth war in this country. The worst was in Europe. They took my parents, my entire family, without even being able to defend ourselves, to raise a hand, to make a sound. I have not seen them since. If you ask what a man my age is doing here? Here is your answer: I am fighting! I am fighting like crazy, so that what happened to my generation does not happen to your generation, to your children.”

Yedioth Ahronoth journalist Aharon Bacher described those moments in his article, saying, “Simcha remained on his halftrack, his body even more tense, and only his gaze followed them to the edge of the horizon, until the tanks disappeared into a cloud of dust. His face remained impassive. When he finally turned to his duties and reached for the communications device, I saw that identification numbers from the Auschwitz death camp were tattooed on his arm.”

Even after he left the uniform, Simcha made it his mission to teach youth about the Holocaust.

For decades, he continued to serve as a witness on youth delegations to Poland and to tell his life story in schools and at IDF bases out of a deep sense of mission. Simcha Applebaum is survived by a large family that continues his path: he was married to Naomi, and they had three children and nine grandchildren, all of whom served or are serving in combat units in the IDF.

Lior Simcha, secretary general of the Kibbutz Movement, eulogized Applebaum: “Simcha was a guide in the fullest sense of the word. A Holocaust survivor, partisan fighter, survivor of concentration camps, and hero of the Yom Kippur War. As deputy commander of the 188th Brigade, he took a battered brigade and rebuilt it. He was one of the leaders of the kibbutz industry and among the heads of industrialists in Israel.”

The secretary general of the movement shared that only a few weeks ago, the late Lt. Col. Dor Ben Simhon was buried in Beit Hashita. According to him, the event brought thoughts of Yom Kippur. “In my mind’s eye I saw Simcha standing there, facing the tired tank crews returning from war, putting everyone back into their vehicles, gathering the pieces and leading them from defensive battles to the offensive,” he said.

He also said that Simcha Applebaum was “a man who knew the hardest battles, but also knew how to build.”

He said that “He was among the founders of the state, of settlement and kibbutz life, a leader in industry, and among those who shaped the face of Israeli society. His life story is interwoven with the story of the State of Israel, from the horrors of Europe, through Israel’s wars, to the building of community, society, and economy.”

The secretary general added that Applebaum was among the iron-and-steel generation of the state’s founders. “He built a home and laid strong foundations for the future. May his memory be blessed.”

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A visit by American Rabbi David Saperstein to Damascus has drawn attention to work to preserve Syria’s Jewish sites and rebuild ties with members of the Syrian Jewish diaspora after decades of emigration, conflict, and official restrictions.

Saperstein, who served as US ambassador-at-large for international religious freedom during the Obama administration, arrived in the Syrian capital as part of an American delegation that toured historic Jewish sites and met with religious and civic figures.

The visit comes as some Jews of Syrian origin living abroad have begun returning to the country for short visits, property inquiries, and work to document and protect communal landmarks following the fall of the Assad government.

The delegation visited some of Damascus’ most prominent Jewish landmarks, including the historic Jobar Synagogue, considered one of the oldest synagogues in the region, as well as the Al-Franj Synagogue and the city’s Jewish cemetery.

Delegates were briefed on the condition of the sites, including damage sustained during years of war. They also received presentations on the history of Jewish life in Syria and the role the community played in the country’s economic, social, and cultural development.

Meetings with Syrian figures, interfaith, cultural dialogue

The visit included meetings with Syrian figures and representatives of organizations involved in interfaith and cultural dialogue. Talks focused on preserving the religious and historical legacy of Syria’s various communities and promoting understanding among different faiths and cultures at a time when the country is undergoing major political and social changes.

Syrian-Australian journalist Johnny Abo told The Media Line that the visit carried particular significance because of the participants and the meetings held with Syrian officials and religious leaders.

“The meetings were positive, productive, and focused on Syria’s rich religious and cultural diversity,” Abo said. “The delegation received a warm welcome from religious authorities, including Christian patriarchs and clergy, who engaged in open discussions with the rabbi and other members of the group.”

According to Abo, participants emphasized the historical presence of the Jewish community in Syria and its place within the country’s social fabric. They also discussed the preservation of Jewish religious and cultural sites, including historic synagogues and communal properties.

“Syria has historically been a land of civilizations, diversity, and coexistence,” he said. “The Jewish community was once an active part of public life, including parliamentary representation and a prominent role in commerce and trade.”

While describing the visit as primarily religious and cultural, Abo said it also carried broader symbolic messages. He said the participation of a rabbi with previous diplomatic experience reflected an effort to foster dialogue among Syrians, members of the Syrian Jewish diaspora, and American circles interested in Syria’s future.

“The visit ultimately conveys a message of coexistence and peace,” Abo said. “For centuries, the peoples of this region lived side by side despite their differences, and that legacy remains an important foundation for building a more stable future.”

Joseph Jajati, a Syrian American Jewish activist originally from Damascus, played a key role in organizing the visit. Jajati has been involved in several initiatives aimed at strengthening ties between Syrians inside the country and those living abroad.

Speaking to The Media Line, Jajati said the visit carries significance beyond its religious dimension, reflecting a growing desire to open new channels of communication with Syrian communities worldwide and to rebuild trust after years of separation.

“The delegation received full cooperation throughout its visit to Damascus,” Jajati said. “Members were able to access Jewish religious and historical sites, observe their condition firsthand, and meet with individuals from different backgrounds.”

Jajati said the visit gave participants a firsthand view of conditions in Damascus and of changes underway in Syria. He said the level of cooperation reflected what he saw as a commitment to preserving the country’s religious and cultural legacy.

“The most important message of this visit,” he said, “is that Syria is more than a geographic space or political borders. It is a long history of coexistence and diversity among the communities that have lived here and contributed to its civilization.”

Jajati added that many members of the Syrian Jewish diaspora in the United States and elsewhere maintain strong emotional and cultural ties to their country of origin and that visits such as this can help reconnect younger generations with their Syrian roots.

The focus on historic Jewish sites also reflects a broader attempt to recognize Syria’s pluralistic past and the contributions of communities that helped shape the country’s identity. Syria’s Jewish community, once concentrated mainly in Damascus, Aleppo, and Qamishli, declined sharply over the second half of the 20th century.

Unofficial estimates place Syria’s Jewish population in the 1950s at between 30,000 and 35,000 people. Waves of emigration later followed, driven by rising Arab nationalism, growing insecurity, and clandestine networks that helped Syrian Jews leave for the United States, Latin America, and Israel.

Jajati was born in Damascus and is the grandson of Yusuf Jajati, who headed Syria’s Jewish community during the presidency of Hafez Assad. He left Syria with his family for the United States after restrictions on Jewish travel were lifted in April 1992, following the launch of the Madrid Peace Conference.

Approximately 4,000 Jews left Syria during that period, leaving only a small community behind. Following the outbreak of the Syrian uprising and the escalation of violence, most of the remaining community departed. Today, only a handful of elderly Jews are believed to remain in Damascus.

Saperstein is a prominent Jewish religious leader in the United States. In addition to serving as US ambassador-at-large for international religious freedom from 2015 to 2017, he has long been active in interfaith dialogue, religious freedom advocacy, and minority rights initiatives.

Over several decades, he has participated in international efforts to promote understanding among religious communities and has become a respected figure in Jewish, academic, and interfaith circles.

Jewish-American delegations visit Syria since Assad’s fall

Since the fall of the Assad government, Jajati has organized several visits by American delegations, including Jewish groups, to Syria. He has also worked to secure licensing for the Syrian Mosaic Foundation, an organization that promotes Syria’s multicultural history, interfaith engagement, and cultural diplomacy, and coordinated with the management of Damascus’ Semiramis Hotel to open what is currently the country’s only kosher restaurant.

Under Syria’s new authorities, some Jews of Syrian origin living abroad have been able to visit the country and return to former neighborhoods, homes, and places of worship. Some have begun pursuing claims to recover property or launch investment projects, particularly in the textile and garment sectors.

Others continue to face legal and administrative challenges related to properties belonging to Syrian Jews who emigrated abroad, including cases handled through Syria’s Office of Absentee Jewish Property.

Researchers and community activists say preserving Jewish sites in Syria is not only a matter for one religious group, but part of the country’s broader historical memory after years in which war, authoritarian rule, official restrictions, and emigration nearly erased one of the Middle East’s oldest Jewish communities.

Ms. Susan Al-Akhras, one of the organizers of the visit, said that the visit reflected openness and cooperation by the Syrian authorities toward efforts to preserve Syrian Jewish heritage and strengthen communication with members of the Syrian Jewish community abroad.

She explained in an interview with The Media Line that the visit was conducted in an official and organized manner, with the delegation receiving facilitation that enabled it to access several Jewish religious and historical sites in the Syrian capital, Damascus, and to assess their condition firsthand.

The delegation also held meetings with religious and civil figures, as well as representatives of institutions concerned with dialogue and cultural diversity.

She added that during the tour, the delegation visited several prominent Jewish historical landmarks, including the Jobar Synagogue, the Franj Synagogue, and the Jewish cemetery in Damascus.

The visit showed that these sites are an important part of Syria’s historical memory, although some still require restoration, maintenance, and protection after many years of war and neglect.

Participants stressed that preserving these landmarks is not merely a Jewish matter but rather part of broader efforts to safeguard Syria’s national heritage across its religious and cultural components.

Members of the delegation and representatives of the Syrian Jewish community abroad also expressed their willingness to support projects to document, maintain, and restore Jewish historical sites, in coordination with the relevant Syrian authorities, to preserve this heritage for future generations. 

They also emphasized the importance of reconnecting younger generations of Syrian Jews with their cultural and historical roots in Syria and encouraging more visits to help build bridges of trust and communication.

At the same time, Bikhor Shemtov, a representative of the Jewish community in Syria, told The Media Line that the visit reflected a positive atmosphere of welcome and engagement among many Syrians, who viewed it as a step that reflects Syria’s history of diversity and coexistence among its various communities.

Participants affirmed that the country’s future should be based on respect for religious and cultural pluralism and on the preservation of the heritage of all communities that have contributed to the building of Syrian civilization throughout the centuries.

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US President Donald Trump revealed on Wednesday that Turkish President Recep Tayyip Erdogan remained out of the Iran war at his request, despite having the motivation to aid Iran during the conflict.

“He was a prime candidate to go into the war with Iran, maybe on the Iran side, because he’s not a big fan of Israel,” Trump said during a meeting with NATO Secretary General Mark Rutte. 

However, Trump said that after he had asked Erdogan, whom he described as a friend, to stay out of the war, he did so. 

“Everything I’ve ever asked him for, he’s done,” Trump added. He also said that he was going to be attending the Ankara Summit in two weeks at Erdogan’s request. 

When asked if he would provide fighter jets and jet engines to Turkey, Trump stated that he would “probably do something” that would make Turkey ”very happy.”

US Vice President JD Vance indicated that a review was underway to see how the United States could sell Turkey F-35 fighter jets, given Ankara’s 2019 acquisition of Russian S-400 missile defense systems.

“[US Defense Secretary Pete Hegseth] and the entire team are reviewing this right now, because there are certain things that we have to certify have happened … in order to comply with American law. The president has asked us to do that,” Vance told reporters.

Trump ‘disappointed’ with Europe for not helping during Iran war

Trump told Rutte that he was disappointed in the level of NATO participation in the Iran war, while the NATO secretary defended European countries’ contributions.  

“Generally speaking, your European allies have been there with you,” Rutte said.

Rutte stated that while he understood Trump’s disappointment with NATO, countries had still made significant contributions to the US war effort, including Romania, which had closed its airport to all commercial traffic when the US needed to send a tanker aircraft into the air, one of 4,000 to 5,000 planes that took off from European air bases during the war. 

“It would have been very difficult to do Iran without having Europe as a power projection platform for the United States,” Rutte said. 

However, Trump reiterated his stance that NATO countries had not done enough. 

“We’re disappointed with most of them,” Trump said. 

Trump doesn’t think the US struck girls school in Minab

Trump also addressed the investigation into the deadly strike on a girls’ school in Minab, Iran, during the start of the war with Iran, stating that the fault may never truly be determined. 

“I don’t know that they’re ever going to solve that problem in terms of whose fault was it, because there were missiles flying all over the place,” Trump said, adding that he did not believe the missile that struck the school was from the US. 

Trump said he had not yet seen the report into the attack, and was waiting for it to be complete. 

Hegseth stated that the investigation was being taken “very seriously” but did not share any other details. 

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Judea and Samaria Police rescued an IDF soldier from the West Bank town of Tarqumiyah on Wednesday night, following a report from Palestinian Authority security forces of a person in military uniform handcuffed in the center of the town. 

The soldier, a resident of southern Israel serving in the IDF, was taken to the Hebron police station.

A preliminary investigation found that the soldier was unarmed.

The incident is believed to be criminal in nature rather than nationalistic or terror-motivated.

The Military Police Criminal Investigation Division is now investigating the case.

It is expected that the case will be transferred to the National Crime Unit – Lahav 433 for further investigation.

Recurring instances of Israelis entering West Bank Area A towns, villages

The incident follows similar reports over recent months of Israelis entering Area A of the West Bank before being rescued.

On Saturday, the IDF’s Civil Administration received a report of an Israeli civilian entering Ramallah.

In February, authorities rescued an Israeli near Kalkilya.

Avi Ashkenazi and Miriam Sela-Eitam contributed to this report.

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A new survey found that 48% of American voters think the United States is “too supportive” of Israel, the highest since the pollster started asking the question in 2017. 

The survey published Wednesday by Quinnipiac University also found that 60% of respondents reported that military intervention in Iran was “not worth it,” as opposed to 34% of voters who said it was “worth it.”

The number of respondents who think the US support of Israel is about right is 38%, while just 7% think the US is not supportive enough of Israel, the poll found. 

Broken down by party, 66% of Democrats think the US is too supportive of Israel, while 9% think it is not supportive enough, and 18% think US support for Israel is about right.

Among Republicans, 20% think the US is too supportive of Israel, 69% think American support for Israel is “about right,” and 6% think the US is not supportive enough.

48% say US too supportive of Israel, anti-Israel Democrats sweep NY primary races

Among independent voters, 55% think the US is too supportive of Israel, 34% think US support for Israel is about right, and 7% think the US is not supportive enough.

The poll data were released one day after three Democrats critical of Israel swept their House primary races in New York City, and in races around the country, even some reliably pro-Israel Democratic candidates distanced themselves from the pro-Israel lobby AIPAC.

A survey last year by Gallup found dwindling support for Israel among Democrats,  as well as waning support among Republicans.

Still, the party divide was also in sharp evidence in the latest poll. In responses to the question about whether the Iran war was “worth it”, Democrats disfavored military action in Iran at 93% and independents at 66%, while 75% of Republicans surveyed thought it was “worth it.”

Given a list of 10 issues and asked which, if any, they considered priorities in their decision-making process in the election for the US House of Representatives, 41% of voters cited the Israeli-Palestinian conflict, above AI data centers (38%) and Donald Trump (38%). The high cost of living (70%) and health care (59%) topped the list.

The Quinnipiac poll was conducted from June 18 to 22, and includes responses from 1,165 self-identified registered voters. 

The margin of error is 3.4 percentage points.

Among those surveyed, 48% said they had an unfavorable view of Israeli Prime Minister Benjamin Netanyahu. Twenty percent said they had a favorable opinion, and 30% “haven’t heard enough” about him. 

“Netanyahu gets poor marks from American voters as their appetite for supporting Israel wanes, with the share of voters who think the US is too supportive of Israel hitting a new high,” Quinnipiac polling analyst Tim Malloy wrote in the report.

Voters were also asked about their views on the June 17 memorandum of understanding with Iran, which begins a 60-day negotiation period that does not outline an end to Iran’s nuclear program.

“After months of diplomatic fits and starts, global economic repercussions and a broad loss of life in the region, a majority of voters make their feelings clear: the Iran war was a bad idea,” Malloy wrote.

Voters who are either not confident or “not so confident” that the deal will succeed numbered 59%, and 61% think it is either likely or very likely that Iran will develop nuclear weapons.

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New York City Mayor Zohran Mamdani celebrated the victories of the progressive candidates he endorsed in New York’s Democratic primaries, describing their success as a “shift in the balance of power.”

Speaking to reporters on Wednesday, the morning after the primaries, Mamdani touted the triumphs as a shift in the balance of power between “working people” and “special interests.”

Mamdani-endorsed candidates Brad Lander, Darializa Avila Chevalier, and Claire Valdez won Democratic nominations for Congress. During the press conference, the mayor repeatedly highlighted their calls to restrict US military aid to Israel and redirect federal funding to domestic priorities.

Following Mamdani’s election night sweep in New York, US President Donald Trump posted on Truth Social that “America the Beautiful will NEVER be a Communist Country!!!”

The victories offered an early demonstration of Mamdani’s political influence beyond City Hall, as several Democratic Socialist candidates he backed, including Chevalier, defeated established Democratic incumbents in their districts.

Trump: ‘America the beautiful will never be a communist country’

“The working person is struggling in our city to afford basic needs,” Mamdani said, adding that Avila Chevalier’s oft-repeated slogan of investing in “Babies not Bombs,” is “the kind of conscience, the kind of clarity, the kind of conviction that has been missing in our politics for far too long.”

Mamdani responded to the president’s post on Wednesday, telling a reporter who asked whether his goal is to make America a “socialist” country that his “goal is to make America a place that every American can afford.”

When asked about federal policies that could be affected by Mamdani’s endorsed candidates, the mayor cited Valdez’s support for “foreign policy that understands human rights for all” and Lander’s commitment to co-sponsoring the Block the Bombs Act, which prohibits the sale of certain US-made offensive weapons to Israel.

Mamdani also dismissed a question about whether he was concerned about how the victories would play out in November as Democrats try to win back the House.

Chevalier’s slogan: ‘Babies not Bombs’

“Every time the fight for working people takes a step forward, you will hear Republicans say that this is actually going to jeopardize the existence of that very fight,” he said.

When asked whether the election of Chevalier, who has faced scrutiny for past social media posts attacking Democrats and her appearance at an Oct. 8, 2023, pro-Palestinian rally in Times Square, could “complicate campaigns for Democrats as a whole,” Mamdani replied, “No.”

“[Chevalier] often speaks about a politics of life. She speaks about ‘Babies not bombs,’” Mamdani continued.

“What could be a better example of what the people of the district want to see versus what the people of the district have been forced to experience, which is tens of billions of dollars being spent at a national level to bomb children overseas, while children in our own districts are struggling.”

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Baby rats were discovered in a service cart on an Arkia flight from Greece to Israel, according to footage circulated on social media. 

The incident sparked widespread reactions online and led to an exchange of accusations between the airline and the catering company that serviced the flight. 

According to Arkia, the cart in which the baby rats were discovered came from the dry-goods storage facilities of the catering company TMM and did not contain food intended for passenger service. 

The company emphasized that, upon discovery, the cart was immediately taken out of service and that there was no contact between it and any food served during the flight.

TMM should conduct a ‘comprehensive and thorough investigation,’ says Arkia

“Arkia views the incident seriously, demands that TMM conduct a comprehensive and thorough investigation into the circumstances of the case, and expects to receive full explanations along with corrective steps to ensure that an incident of this kind does not recur in the future,” the airline said. 

TMM rejected Arkia’s claims and clarified that the cart, which was inspected and approved before the flight’s departure, only contained soft drinks. 

TMM added that it is the airline’s responsibility to check the cart before it is utilized. 

TMM threatens court

The catering company stated that “any attempt to cast doubt on the TMM facility, which supplies hundreds of thousands of meals per month and operates under the strictest food safety standards, is unacceptable and will, if necessary, be addressed in court.”

“The trolley in question, which contained soft drinks only, was inspected as on every flight by an Arkia crew member and a representative of the catering facility, who confirmed that the trolley was fully compliant when it was loaded. The incident was discovered later, while the aircraft was parked in Greece,” it added. 

TMM urged Akia to “conduct an urgent and in-depth investigation to determine how such a serious incident occurred on its aircraft.”

The incident is currently under review. 

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