The Jerusalem Magistrate’s Court acquitted Yona Simcha Schreiber on Wednesday over his attack on a Christian nun near King David’s Tomb on grounds of mental illness, ordered him to be hospitalized for up to six years.

Judge Ophir Tischler found that the evidence established that Schreiber did commit the acts described in the indictment, but he accepted the district psychiatrist’s conclusion that Schreiber was psychotic at the time and could neither understand the nature of his actions nor stop himself from carrying them out.

The ruling means that Shreiber cannot be held criminally responsible for the attack because of his mental condition at the time.

He had been charged with assault causing actual bodily harm motivated by hostility toward a religious group, as well as common assault. On April 28, he pushed a nun to the ground, then returned and kicked her, and finally assaulted a passerby who tried to intervene.

Acquitted by reason of insanity

The district psychiatrist diagnosed Schreiber with schizophrenia, finding that he had been psychotic for many years and lacked insight into his illness.

A nun was assaulted near King David's tomb on Tuesday April 28, 2026. (credit: POLICE SPOKESPERSON'S UNIT)

There was no conclusive evidence that specific psychotic thoughts directly caused the attack, the psychiatrist said. He nevertheless concluded that Schreiber’s illness directly influenced his actions and that, at the time, Schreiber could not understand what he was doing or refrain from doing it.

The psychiatrist recommended inpatient treatment, a position the prosecution ultimately accepted after requesting additional clarifications.

Under the court order, Schreiber’s hospitalization, dated from August 24, may continue for a maximum of six years, corresponding to the maximum penalty attached to the most serious offense in the case.

That period is a ceiling rather than a fixed sentence. A psychiatric committee may order his earlier release if it concludes that his medical condition permits. The committee has been instructed to notify both the prosecution and the defense of any such decision.

The court reached its final decision after several hearings over the psychiatric findings and the rights of the woman who was attacked.

At an August 16 hearing, the prosecution raised questions about the psychiatric opinion, prompting the court to ask the district psychiatrist for clarification. In a response filed the following day, the psychiatrist said he was convinced that Schreiber suffered from schizophrenia, had experienced psychosis for years, and was unable to understand or control his actions during the attack.

The prosecution initially agreed that the case should end with an acquittal and a hospitalization order. It then sought a short delay after an attorney representing the nun arrived at an August 24 hearing and said she had not been properly informed of the psychiatric findings.

Harassment and attacks against Christians in Jerusalem

The nun’s attorney, Zaki Sahlia, questioned the assessment and argued that the fact that Schreiber targeted the nun rather than other people nearby raised doubts about whether the attack resulted from his illness. He also placed the case in the context of recurring harassment and attacks against Christian clergy in Jerusalem.

Tischler rejected the argument that the law required a further delay before the court could act on the psychiatric opinion. The law provides victims with an opportunity to state their position before a plea bargain or another negotiated arrangement closes a case, he wrote, but this was not such an agreement.

The opinion came from the state’s own district psychiatrist and left the court required to address Schreiber’s continued detention, the judge added. He ordered that Schreiber be held in hospital conditions while the prosecution completed its consultations.

At Wednesday’s final hearing, the prosecution said it had fulfilled its obligations toward the nun, heard her position, and remained in favor of accepting the psychiatric opinion. The prosecution and defense then jointly asked the court to acquit Schreiber.

The nun’s attorney said she remained uncomfortable with the psychiatric findings but respected the court’s decision.

Schreiber’s public defender, Idan Gamlieli, said the district psychiatrist had determined that the “regrettable incident” resulted from Schreiber’s illness and that he required inpatient psychiatric treatment.

“We hope the medical treatment will help him return to optimal functioning,” Gamlieli said. “It is important to note that we understand the complainant’s difficult feelings and wish her recovery from the consequences of this regrettable incident.”

Nun’s attack caught on video

The attack occurred at approximately 5:42 p.m. near King David’s Tomb in Jerusalem.

Schreiber, a resident of the West Bank settlement of Peduel, saw the nun wearing clothing that identified her as Christian, ran toward her, and pushed her forcefully to the ground.

She struck her head and became dizzy. Schreiber initially walked away but returned several seconds later and kicked her while she was still on the ground. When a passerby intervened, Schreiber attacked him with punches and kicks.

The nun suffered bruising to her face and leg. The assault, which was captured on video, prompted widespread condemnation from Christian representatives, academics, and Israeli officials.

Sahlia told The Jerusalem Post that an appeal was not likely, but that he was “still studying the decision” and that there were other avenues to pursue.

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When it comes to predicting heart attacks and strokes, what matters the most: a number, a picture, or both?

It depends on the patient, two new trials say, adding to previous research exploring the value of coronary artery calcium (CAC) scans when combined with risk measured by the newly adopted PREVENT calculator. Both tools assess the future chances of serious cardiovascular events, potentially influencing decisions about prescribing cholesterol-lowering statins or other treatments to limit damage to blood vessels leading to the heart and brain. 

Read the rest…

This post was originally published here. 

Some of the most serious cases of landlord neglect will be “fast-tracked” under a new city directive instituted this week. Mayor Zohran Mamdani on Tuesday announced the policy, which will allow Housing Court judges to expedite cases involving vacate orders, critically hazardous building conditions, elevator outages, and proceedings in which the city or tenants seek the appointment of a third-party building manager amid landlord neglect. These cases will be assigned to a judge on the same day they are filed, and once landlords are notified, they will be required to appear in court within five days.

Mamdani announcing the directive. Credit: Ed Reed/Mayoral Photography Office on Flickr

In New York City, housing court cases are known to drag on for months or even years, preventing tenants from returning home after disasters and forcing them to live in hazardous conditions caused by landlord neglect.

In April, Mamdani became the first sitting NYC mayor to visit an operating housing court. He is also investing $14.3 million in fiscal year 2027 and $40 million annually in tenant protections thereafter, including an expansion of the right to counsel.

His administration also recently released the “Rental Rip-Off Report,” an analysis of common concerns among NYC tenants that outlines 23 policy changes aimed at strengthening tenant protections, improving housing quality, targeting negligent landlords, and curbing hazardous conditions and deceptive practices.

A campaign launched late last month seeks to connect tenants living in buildings with housing code violations to resources and information on organizing for better living conditions.

“New Yorkers deserve a government that treats the housing crisis with the urgency it demands. When a building is dangerous, when an elevator is out or when a landlord has abandoned their responsibility to provide a safe home, tenants should not have to wait months or years for relief,” Mamdani said.

“This new fast track will help make sure our Housing Court moves with the same urgency as the emergencies New Yorkers are facing,” he added. “This is a victory for tenants, legal services providers and everyone fighting for housing justice across our five boroughs.”

The directive applies to “Housing Part” (HP) cases that include a vacate order affecting one-third or more of the apartments in a building or the entire building; an open, immediately hazardous HPD Class C violation involving a lack of essential services, such as heat, hot water, electricity, or gas, in one-third or more of the apartments or the entire building; and cases in which all elevators in a building or building section are out of service.

Additionally, Article 7A proceedings in which the city or tenants seek the appointment of a third-party building manager at properties with open, immediately hazardous Class C violations from the Department of Housing Preservation and Development (HPD) or Class 1 violations from the Department of Buildings would also qualify.

To support the new process, the Unified Court System is expanding the number of judges who can be assigned to HP and Article 7A cases.

While the directive currently applies only to private renters, HPD Commissioner Dina Levy said at a press conference that the administration is considering allowing NYC Housing Authority (NYCHA) tenants to use the new legal path as well, according to Crain’s.

The proposal came from a meeting between tenant attorneys and Levy. Early on in the role, attorneys told Levy the biggest barrier to holding the city’s worst landlords accountable was the drawn-out and arduous court process linked to these types of housing court cases.

“For tenants living with dangerous conditions, every day matters,” Darius Khalil Gordon, executive director of Met Council on Housing, said. “A broken heating system, gas outage or elevator that stays out of service isn’t just an inconvenience, and tenants should not have to spend weeks waiting for the court system to respond.”

“Giving organized buildings a faster path to enforcement is an important step toward making tenant organizing translate into real, immediate power,” he added.

Landlords have also advocated for an expedited process for housing cases, although for a different purpose. The majority of housing court cases are filed by landlords seeking unpaid rent or attempting to evict residents. NYC landlords filed more than 116,000 eviction cases over the past year, according to Gothamist.

Property owner advocacy groups have long argued that eviction proceedings can drag on for years, leading to compounding rent arrears and depleted revenue.

Some have sued the state’s court system in an effort to expedite those cases, and now, some are questioning why the Mamdani administration has focused its attention on tenants rather than landlords, whom they see as most affected by the convoluted court process.

In an official statement, Ann Korchak, board president of the Small Property Owners of New York, called the directive another “anti-landlord” policy in the same vein as the rent freeze.

“Like Mamdani’s rental rip-off hearings and the rest of his housing agenda, this is another one-sided, anti-landlord policy,” she said. “Mamdani is completely ignorant of the fact that small building owners fall behind in repairs and maintenance not because of neglect, but because non-payment eviction proceedings drag out in court for months, and even years, all while tenants are living rent-free and, in most cases, never pay the thousands of dollars in back rent.

“Mamdani should be working with the Housing Courts to fast-track non-payment cases,” she added. “Instead of taking months and years, non-payment cases should take weeks, at most, to connect tenants with one-shot deals and other rent subsidy programs so that small owners receive the revenue they desperately need to make repairs and maintain their buildings.”

A similar conflict has unfolded between tenants and landlords over the city’s rent-stabilized apartments and the historic rent freeze enacted by the Mamdani administration in June, which froze rents on one- and two-year leases at the city’s roughly one million stabilized units.

That action has since been challenged in court, with a coalition of NYC landlords suing the RGB, which oversees rent increases, last month to stop the freeze. They claim that the board manipulated data to overstate property income for owners and that a freeze would cut into their revenue, making it harder to afford repairs and address tenants’ complaints.

On Friday, a judge ordered the case to be moved from Staten Island to Manhattan, a win for the city, which expects a friendlier audience as it argues that the rent freeze was properly administered, according to The Real Deal.

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One of the country’s largest fast-food chains has reclaimed its “throne” as the nation’s No. 2 burger chain, with Burger King betting that better food without higher prices can keep cost-strained customers coming through the door.

“You can outrun costs with traffic if you’re building your business and that’s what we’ve been doing and that’s what we’ll continue to do in each chapter of elevation as we move through the menu… to elevate everything on there,” Burger King U.S. and Canada President Tom Curtis told FOX Business.

“We’ll ask our owners to hold tight because consumers need it right now,” he added.

AMERICA’S FAVORITE FAST-FOOD CHAIN NAMED: MCDONALD’S WINS HEARTS BUT NOT BEST BURGER, SURVEY SAYS

Curtis joined “Mornings with Maria” alongside Burger King U.S. and Canada Head Chef Amy Alarcon as the chain celebrates reclaiming the No. 2 spot from Wendy’s in U.S. systemwide sales, behind industry leader McDonald’s, while posting 8.5% U.S. same-store sales growth in the second quarter.

The comeback has been years in the making. Burger King launched its “Reclaim the Flame” plan in 2022, investing hundreds of millions of dollars in the brand to improve restaurant operations, food quality and company culture, Curtis said.

BURGER KING FANS SWEAR A SIMPLE TRICK GETS YOU A FRESHER WHOPPER, BUT NOT EVERYONE IS CONVINCED

“Really the last nine months have been about us telling that story, and it’s really resonated with consumers,” he added.

A key part of that strategy has been listening to customers, even when their feedback is tough to swallow.

After customers offered what Curtis described as “sometimes scathing feedback” about the chain’s chicken nuggets, Alarcon and her team went back to the kitchen. The result is a revamped nugget recipe designed to be crispier on the outside and juicier on the inside.

The “elevated” nugget is rolling out nationwide Sept. 1, along with revamped dipping sauces.

“It hurt me to the core,” Alarcon said of the criticism. “You don’t ever want someone saying that about your food. So we fixed it.”

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The nuggets follow Burger King’s effort to upgrade its signature Whopper, a change Curtis said required franchisees to absorb additional costs rather than immediately pass them along to customers.

“We asked our franchisees once again when we relaunched the Whopper, when we elevated the Whopper, ‘Hey, we need you to hold price here. Consumers are hurting, and we’ve got to be there for them in these tough times,’” he said.

That strategy is being tested as soaring beef prices squeeze restaurants and consumers alike. Curtis acknowledged that the pressure has been difficult for Burger King franchisees but said the company is trying to offset higher costs by attracting more customers rather than simply raising menu prices.

“I think it’s just holding the line and giving people more for the same amount,” he added.

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HARRISBURG, Pa. — Pennsylvania health officials have confirmed two measles-associated deaths, the state’s first deaths linked to the highly contagious virus in 35 years, as the 2026 outbreak continues spreading across the Commonwealth.

Both individuals were unvaccinated residents of Lancaster County, according to the Pennsylvania Department of Health. Officials did not release additional identifying information out of respect for the families’ privacy.

The deaths come as Pennsylvania has confirmed 393 measles cases across 28 counties so far this year.

The outbreak began in April and has become serious enough that the state is expanding vaccination efforts ahead of the school year.

Pennsylvania has already operated 91 pop-up vaccination clinics and administered more than 4,100 MMR vaccinations through those sites. Another 40 clinics are expected to open in the coming weeks.

More than 35,000 Pennsylvanians received an MMR vaccine in July alone, roughly 10,000 more doses than during a typical month.

Measles is one of the most contagious diseases in circulation.

The virus spreads through coughing, sneezing and breathing and can remain infectious in the air or on surfaces for as long as two hours after an infected person leaves an area.

Symptoms typically begin with fever, cough, runny nose and red or watery eyes. A rash usually follows several days later, beginning around the head and spreading downward.

Symptoms can appear seven to 21 days after exposure, which means people may unknowingly spread the virus before realizing they are sick.

The disease is particularly dangerous for young children and people with weakened immune systems. Complications can include pneumonia and swelling of the brain.

Pennsylvania health officials say nearly 20% of people who contract measles are hospitalized, while deaths occur in roughly one to three cases per 1,000 infections.

The state is urging anyone who believes they may have been exposed and is experiencing symptoms to contact a healthcare provider before arriving at a medical office or emergency room, allowing staff to take precautions against additional exposure.

The MMR vaccine remains the primary protection against measles. State health officials say two doses provide approximately 97% lifetime protection.

The timing is especially important as children return to classrooms and families begin spending more time indoors, creating additional opportunities for an airborne virus to spread.

Pennsylvania had not recorded a measles-associated death since 1991.

JBizNews Desk | Harrisburg, Pennsylvania

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The U.S. economy registered modest growth in the second quarter on stronger-than-expected consumer spending and business investment, according to the Bureau of Economic Analysis’s second estimate released on Aug. 26.
Growth in the April–June period was 1.5 percent, unchanged from the initial estimate released last month.
This was fueled by consumer spending, exports, and business investment, which helped offset the 1 percent decline in government spending.
Real (inflation-adjusted) consumer spending was adjusted upward to 3.4 percent as shoppers participated in seasonal events, including the FIFA World Cup and Amazon Prime Day.
Additionally, the bureau reported that personal spending rose 0.2 percent in July, from 0.3 percent in June. This also came in higher than the consensus estimate of 0.1 percent….

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SpaceX unveiled plans on Tuesday to build its largest rocket launch complex yet in southern Louisiana, a $100 billion effort to transform coastal wetlands into a critical base for the company’s Starship and AI satellite launch ambitions.

The 125,000-acre (50,585-hectare) site on Pecan Island, which SpaceX named Starbase Louisiana, is an expansion of the company’s Starship launch operations beyond South Texas and those planned for Florida as its next-generation rocket remains in late-stage development.

The company’s second Starbase campus will eventually launch thousands of Starship flights a year, SpaceX President Gwynne Shotwell said, reiterating its goals for an ambitious cadence contingent on solving steep engineering challenges and regulatory hurdles.

Construction will begin next year with the first Starship launch in 2029, SpaceX said. Shotwell detailed the plans near the proposed site in Louisiana’s Vermilion Parish at an event with Governor Jeff Landry and other senior state officials.

The “self-sustaining” spaceport envisioned by SpaceX will include its own methane production for propellant, power generation, deep-water shipping capabilities to transport Starships from Texas, vehicle processing facilities, and probably an airport, Shotwell said.

 SpaceX rocket Falcon 9 rocket capsule soars upward after lifting off from launch pad. (credit: Blueee77. Via Shutterstock)

The marshland site is more than eight times the size of Manhattan. Shotwell said “very large portions” of the land will remain natural wetlands with no infrastructure, while an animated SpaceX video showed the area dotted with several launch pads surrounded by greenery.

Site at center of ExxonMobil lawsuit

The site had been at the center of a decade-long lawsuit against ExxonMobil brought by local parishes alleging the oil major’s coastal drilling and canal dredging contributed to the state’s wetland loss. The state reached an agreement with Exxon to settle the lawsuit in June, prompting its dismissal the following month, a court order shows.

That cleared the way for SpaceX’s launch plans for the 18-mile (29-km) coastal strip, which the company had been discussing with the state since February, Louisiana Economic Development Secretary Susan Bourgeois said.

SpaceX has significantly expanded its southern US footprint in recent years, having built Colossus AI data centers in Tennessee and Mississippi and Starlink facilities in Austin, Texas. It is planning a chip plant in central Texas.

“This project means more than just steel, technology, and capital,” Landry said. “It represents jobs for our families. It represents momentum for our communities, and it represents protection for our coast.”

SpaceX said the Louisiana site will add more than 3,000 jobs to the region. The governor’s office said those jobs are expected to pay an average salary of $92,600, or 192% higher than the average wage in Vermilion Parish.

Second starbase

The launch site, which will be SpaceX’s fourth in the US, appears to replicate, at a larger scale, its widening footprint in South Texas, the site of its first Starbase rocket campus. However, the Louisiana site will not have rocket production facilities.

SpaceX CEO Elon Musk sees Starship as central to the company’s goals of expanding its Starlink constellation and eventually deploying up to 1 million AI data-processing satellites in orbit. The rocket also plays a key role in NASA’s Artemis moon program. 

Pecan Island is situated in a geographically convenient location for Musk’s satellite ambitions. It allows a rocket to launch south over the Gulf waters and into a sun-synchronous orbit that offers plenty of sunlight for solar-powered AI satellites.

Starbase Texas is Starship’s only active launch site as the rocket remains in development, while SpaceX builds two Starship pads in Florida next to its flagship Falcon 9 launch pads. The company also has Falcon 9 launch facilities at Vandenberg Space Force Base in California. 

As SpaceX developed Boca Chica, Texas, into the company town of Starbase with support from local government officials, it has faced resistance from residents concerned about water, environmental, and noise pollution and pressure to sell their land.

Shotwell highlighted environmental plans and outlined efforts to restore Pecan Island’s receding marshlands and coastline, which act as a natural buffer to protect inland areas from flooding during heavy rainfall.

Pecan Island is a protected hub for dozens of migratory bird species seasonally traveling throughout the Western Hemisphere. At Starbase Texas, Starship launches have blasted shorebirds and their nests with gravel and debris, according to environmental groups.

“The birds might fly away during a launch, but I guarantee they come back,” Shotwell said, prompting applause from state officials. “As soon as the rocket’s gone, the birds come back. It’s not like months later.”

She said SpaceX will help fund environmental “protection, restoration, and stewardship” while the launch site is constructed. 

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A pro-Russian hacker group on Wednesday claimed responsibility for a cyberattack that has affected multiple Norwegian government digital services over the past three days.

The cyberattack has been ongoing since Monday, said Are Kvistad, a spokesperson for the Norwegian Digitalization Agency (Digdir), the state body in charge of making Norway’s public services more digital and user-friendly, told The Associated Press.

“It’s the biggest attack against Digdir solutions that we have ever experienced,” Kvistad said.

The denial-of-service attacks meant that hackers pushed massive traffic toward the agency in order to block services, including one that enables citizens to use one login across multiple public services.

However, the Digdir spokesman said that the agency managed to keep the services running “practically all the time.”

In a Telegram post on Wednesday widely reported by Norwegian media, the pro-Russian hacker group Server Killers claimed responsibility for the attack and said it had declared cyber war on Norway after the country renewed its security cooperation with Ukraine on Aug. 23.

On Sunday, Norwegian Prime Minister Jonas Gahr Støre announced during a visit to Kyiv that Norway would provide 85 billion Norwegian crowns (9.2 billion US dollars) to Ukraine from next year’s state budget for a third year in a row.

The two countries also committed to further cooperation when it comes to drone technology and other forms of modern warfare.

Norwegian officials did not comment on the hackers’ claim by publication time.

All countries in Europe are on high alert with Russia stepping up its sabotage and malign activity across the continent since Moscow’s full-scale invasion of Ukraine in February 2022. Officials say the attacks are intended to undermine support for Ukraine, spread fear and discord in European societies and drain investigative resources.

In 2025, Norwegian authorities said Russian hackers were likely behind suspected sabotage at a dam in the country. During that incident, hackers gained access to a digital system which remotely controls one of the dam’s valves and opened it to increase the water flow. A three-minute long video showing the dam’s control panel and a mark identifying a pro-Russian cybercriminal group was published on Telegram at the time, the police said.

Last year, Danish authorities blamed Russia for carrying out cyberattacks against infrastructure and websites in Denmark in 2024 and 2025. Danish officials said pro-Russian group Z-Pentest carried out a “destructive attack” on the water utility company in 2024 and that a separate group, NoName057(16), was responsible for a cyberattack on Danish websites ahead of the 2025 local elections. Voth have links to the Russian state, they said.

According to Norwegian media, Server Killers were linked directly or indirectly to previous cyberattacks in Norway and other European countries.

This story was originally featured on Fortune.com

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US President Donald Trump said on Wednesday he doesn’t think Iran’s Supreme Leader is dead.

“I don’t think he’s dead. He was very seriously wounded. The left side of his body, the arm, the leg, the whole thing. He was very seriously wounded. But I don’t think he’s dead,” Trump said on the Glenn Beck program.

The Jerusalem Post has reported several times that Mojtaba Khamenei was not killed in Operation Roaring Lion, but was likely seriously injured. 

A woman walks next to a banner with a picture of Iran's new Supreme Leader Mojtaba Khamenei in Tehran, Iran, May 8, 2026.  (credit: MAJID ASGARIPOUR/REUTERS)

What happened to Mojtaba Khamenei?

Trump has also said that he believes that Khamenei is “more rational” than his father and predecessor, Ayatollah Ali Khamenei.

“He’s pretty badly injured. So there’s a certain bravery there,” Trump said in June.

Notably, Khamenei has not been seen in public since he became Iran’s supreme leader. 

This post was originally published on here. 

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Good morning. We are thinking of Dolly Parton, who made a lasting impact not only in music and culture, but also in science. During the Covid-19 pandemic, she donated $1 million to Vanderbilt University Medical Center to help speed the development of Moderna’s vaccine.pharma

Key data on a new class of cardio drugs are coming

Several large pharma companies are betting that targeting a particle called lipoprotein(a) will be the next big advance in cardiovascular medicine. We’ll soon find out how well the approach works.

Continue to STAT+ to read the full story…

This post was originally published here. 

The Food and Drug Administration on Wednesday approved a life-extending treatment for advanced pancreatic cancer — a medicine made by the biotech company Revolution Medicines that is the first to attack a genetic cause of the aggressive, highly lethal malignancy. 

The drug, called daraxonrasib, will be sold under the brand name Rasonque. The FDA’s approval was supported by a practice-changing clinical trial that read out earlier this year. Patients with advanced pancreatic cancer who received Rasonque as a second-line treatment achieved a median overall survival of 13.2 months, compared to 6.7 months for patients offered standard chemotherapy. 

“It will be transformative in the way we treat pancreas cancer. It’s the biggest development we’ve had in pancreas cancer in decades,” said Andrew Ko, a medical oncologist specializing in gastrointestinal cancers at the University of California, San Francisco. “I’m so thankful for this as an advance for our patients.”

Continue to STAT+ to read the full story…

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In January, Jeff La Marca got a prescription for the popular weight loss drug Zepbound. But he couldn’t afford the $750 monthly price tag.

Then Medicare launched an 18-month pilot program that offers GLP-1 medications to some enrollees for only $50 a month. La Marca thought he might finally be able to afford the drug.

“I thought, ‘Thank God, there’s a path,’” said La Marca, who lives in Basking Ridge, New Jersey, and has tried numerous diets and exercise regimes.

But the 68-year-old’s celebration was short-lived.

His application to the pilot program was denied.

La Marca has severe obstructive sleep apnea, one of several diagnoses that exclude patients from the Bridge program’s $50 monthly price. The notification didn’t say why he was rejected. He thinks that if he didn’t have that diagnosis, he would qualify due to his weight.

“I’m obese, morbidly obese, BMI 42. I had quadruple heart bypass surgery. I’m at risk for stroke. I’m prediabetic. And yet I can’t get it. I’m livid,” he said.

A medical device used for obstructive sleep apnea sits on a table.

Jeff La Marca uses a machine to treat his obstructive sleep apnea. It adjusts his breathing with every breath. (Erica S. Lee for KFF Health News)
An older man puts on an oxygen mask that is connected to a medical device for sleep apnea.
La Marca, a retired professor living in Basking Ridge, New Jersey, is among an estimated 5.9 million Medicare enrollees excluded from a GLP-1 discount program because they have a medical condition such as Type 2 diabetes or sleep apnea. (Erica S. Lee for KFF Health News)

A Temporary Patch for a Long-Standing Gap

About 1 in 5 American adults have taken a GLP-1 medication, and most of them, including those with health insurance, say the drugs are difficult to afford. Federal law has long barred Medicare from covering drugs prescribed solely for weight loss, which is why the Medicare GLP-1 Bridge program made a big splash when it launched in July.

It’s a short-term pilot program in which Medicare is offering coverage of three GLP-1s for weight loss and management, to see if that would save Medicare money later. Eligible patients must be enrolled in Medicare Part D, a prescription drug coverage add-on to Medicare. Even though people must have Part D insurance to qualify, the preauthorization request doesn’t go through the insurer; it’s instead submitted to a separate system run by a contractor for the Centers for Medicare & Medicaid Services.

The pilot includes Wegovy, the KwikPen formulation of Zepbound, and the oral medication Foundayo.

Under the pilot, many Medicare beneficiaries with a body mass index of 35 or higher — the upper range of obesity — qualify for coverage of one of those drugs, if prescribed. Those otherwise eligible who have a BMI of 27 to 34 can qualify if they also have certain health conditions, such as prediabetes or cardiovascular disease.

But buried in the fine print is a distinction that’s tripping up patients like La Marca: The $50 price under Bridge applies only to people using the drug solely for weight loss. Anyone who has a qualifying medical condition that the Food and Drug Administration has approved GLP-1s to treat, such as Type 2 diabetes or moderate to severe obstructive sleep apnea, is instead routed back to their Medicare Part D prescription drug plan, which can require copays of hundreds of dollars a month for GLP-1s.

https://www.npr.org/player/embed/nx-s1-5931390/nx-s1-9893662

“The Bridge program was designed to target those people who can’t get GLP-1 coverage through Part D but would benefit from taking one for weight loss,” said Juliette Cubanski, who directs the Program on Medicare Policy at KFF, a health information nonprofit that includes KFF Health News.

The cost to Medicare of subsidizing the drugs will depend largely on how many people use the program, and the federal government hasn’t released an estimate.

Cubanski has estimated that 3.8 million people qualify and that, if a quarter of them enroll in Bridge and remain on treatment for the program’s full 18 months, it will cost Medicare about $3.3 billion. If three-quarters enroll, costs could rise to $10 billion.

If the government expanded the program to include the additional 5.9 million people who are overweight and already eligible for GLP-1 coverage through Medicare Part D, it would add billions more to the program’s cost.

The demonstration’s initial weeks have been positive, and most prior authorization requests have been completed in under 12 hours, CMS spokesperson Timothy Foster said.

“This has allowed thousands of eligible beneficiaries to access GLP-1 medications for weight loss at pharmacies nationwide,” Foster said.

GLP-1s Aren’t Covered

Patients like La Marca are left in a tough spot, qualifying for Part D coverage of a GLP-1 but facing much higher cost sharing.

“‘Coverage’ doesn’t always mean ‘affordable,’” said primary care physician Taylor Lacy, who describes herself as a “big proponent” of GLP-1s and practices at Sunflower Medical Group in Roeland Park, Kansas.

The Bridge program is leaving behind patients with the greatest medical need, she said. She noted that many Medicare patients already must navigate prior authorization and spend months trying alternate, often cheaper treatments, a process known as step therapy, before finally getting approval — only to arrive at the pharmacy counter and discover that their GLP-1 copays will run them $200 to $600 a month, if not more.

Researchers studying how Medicare insurers cover GLP-1s have found that recipients have faced increases in out-of-pocket costs and that almost all plans now require prior authorization, which can make getting the drugs more difficult.

Chris Bond, a spokesperson for insurance industry trade group AHIP, blamed drugmakers’ prices, “which they alone set and they alone can lower.”

La Marca’s insurer declined to answer specific questions about La Marca’s case.

Left Waiting

For now, La Marca’s GLP-1 prescription remains unfilled. The severe sleep apnea diagnosis that helps establish his medical need is also what excludes him from the discount program that would bring the cost within his reach.

As he reflected on his appeals and the dead ends, La Marca paused, his eyes filling with tears of frustration.

“This is now my quest, because it’s my only chance to improve my health,” he said. “It’s the only thing left. I’ve tried everything.”

KFF Health News is a national newsroom that produces in-depth journalism about health issues and is one of the core operating programs at KFF—an independent source of health policy research, polling, and journalism. Learn more about KFF.

This article first appeared on KFF Health News and is republished here under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

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Cambodian and U.S. anti-drug agencies have uncovered a network that authorities say uses cryptocurrency to launder money for Mexico’s notorious Sinaloa Cartel, officials from both countries said Friday.

Meas Vyrith, secretary-general of Cambodia’s National Authority for Combating Drugs, said Cambodian authorities are further investigating money laundering operations by the Sinaloa Cartel, a powerful criminal conglomerate designated a “foreign terrorist organization” by the Trump administration.

Cambodian anti-drug police working with the U.S. Drug Enforcement Administration had made several arrests and seized assets, drug laboratories and storage facilities them at four locations in the Cambodian capital, Phnom Penh, and neighboring Kandal province from Aug. 1 to 5, He said.

They confiscated over 200 kilograms (440 pounds) of illegal drugs and more than one metric ton (2,200 pounds) of precursor chemicals used to produce them.

Meas Vyrith also said that U.S. officials had seized about $7 million in cryptocurrency linked to the cartel in an earlier law enforcement operation in New Jersey and suspects in that case are now being sought in Cambodia.

The U.S. Embassy had said in a statement posted Thursday on its Facebook page that collaborative efforts involving Drug Enforcement Administration offices in Phnom Penh and New Jersey “successfully uncovered a local network laundering cryptocurrency on behalf of the Sinaloa Cartel.”

The Sinaloa Cartel has become a major producer of the synthetic opioid fentanyl, blamed for tens of thousands of overdose deaths each year in the U.S. The group has obtained precursor chemicals, including from China, to produce fentanyl in Mexico and smuggle it into the U.S.

Cambodia serves largely as a transit area for drugs such as methamphetamine that originate in the Golden Triangle, the region where the borders of Thailand, Myanmar and Laos meet.

But in recent years, it has also been a stronghold for Chinese-led organized crime groups, best known for running scam centers that have bilked people around the world out of billions of dollars while employing many thousands of foreigners in slavelike conditions.

Over the past year, Cambodia has intensified a crackdown on such operations, shutting down scam centers and arresting several alleged kingpins, including some who had established legal financial institutions.

A report issued in July by the United Nations Office on Drugs and Crime said several transnational organized crime groups from outside Southeast Asia are important criminal actors in the region, primarily involved in trafficking large quantities of methamphetamine and cocaine.

It said Latin American cartels’ engagement with Southeast Asia “appears to extend beyond drug and precursor chemical supply, and the region now functions as a supply, financial management, and logistics hub for multiple Latin American criminal organizations.”

In 2024, U.S. federal prosecutors said the Sinaloa Cartel worked with Chinese underground banking groups in the United States to launder more than $50 million from the sale of fentanyl, cocaine and other drugs.

___

Associated Press writer Grant Peck in Bangkok contributed to this report.

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Workers are concerned that they’ll lose their jobs to AI—and Bill Gates thinks they are right to worry. He has identified a loophole which may be incentivizing businesses to shift away from human capital to robots.

Last week, Pew Research released a study finding that 71% of adults think AI will lead to fewer jobs in the United States over the next two decades, up from 64% in 2024—only 5% think it will lead to more jobs. And young people, those whose job prospects are most likely to be impacted over the long run, are equally as concerned as their older counterparts: 73% believe they’ll get fewer career opportunities because of the transformative technology over the next 20 years.

Despite the concerns of the public, and the watchful eye of policymakers like former Fed chairman Jerome Powell, Microsoft co-founder Bill Gates has suggested that employers’ bottom lines, under current tax frameworks, may actually benefit from using AI-empowered machines rather than human workers.

In a new essay posted to his blog, the entrepreneur and philanthropist wrote: “Right now, if you’re an employer and you hire someone, you pay payroll taxes on their earnings. But if you buy a robot, you can usually write it off right away as a business expense. The tax system nudges you toward replacing people with machines.”

As a result, Gates suggests taxing AI tokens and robots.

This revenue generation is also necessary for governments, he suggests, which will be subject to lower revenues from income tax if fewer people are working, combined with greater demand for retraining and social security benefits.

“The funds will have to come from somewhere at a time when budgets are stretched,” Gates writes. His nearly 6,000-word essay came hot off the news that U.S. government borrowing has hit $40 trillion.

“A tax would slow the rush away from human labor a little and raise money for retraining and a stronger safety net,” Gates explained, “It would need to be targeted so it does not slow down the purely beneficial uses of AI, like making medicine and education cheaper.”

Mixed response

Gates made the same suggestion nearly a decade ago and was subject to robust criticism at the time. Writing before the current AI boom, former Treasury Secretary Larry Summers said in 2017 that Gates was “seriously astray” with the suggestion, adding: “Gates’s robot tax risks essentially being protectionism against progress.”

Robert Seamans, a professor at NYU Stern, similarly chimed in 2017 that “there’s no question that the potential increase in robots and automation requires policymakers to rethink fiscal policy for the 21st century (and other policy as well, such as education and retraining policy).”

But he added that “based on the data we currently have, a tax on robots would be bad policy. Robot taxes would dissuade firms from investing in robots, which would lower economic growth, and, to the extent that robots complement labor in some cases, would lead to less hiring and lower wage growth.”

Gates, writing in the piece shared with Fortune ahead of publication this week, is aware of such criticism. But he insists that critics are “not considering the broader value of work for individuals and society. And with all the accelerated innovation we will have, we’ll be able to afford a little inefficiency as the price for keeping people employed.”

He added that while tax is not the whole solution to the threat of AI (the three major risks of which he outlines in the rest of the essay), it is a suggestion that forms part of a “wise response.”

Gates adds: “However we raise money for more assistance, it needs to reach the people who need it most, including workers who lose their jobs to AI and robots, people whose hours or wages decline, and communities where the losses are concentrated.”

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Two Saudi brothers have amassed a fortune of about $1.4 billion as the technology company they control rides the kingdom’s multibillion-dollar push to build artificial intelligence infrastructure.

Al Moammar Information Systems Co. hit a record high Wednesday after it said a data center project with Humain, backed by Saudi Arabia’s sovereign wealth fund, was being expanded. The contract is now valued at more than 8.76 billion riyals ($2.34 billion), a shade under MIS’s market capitalization that hit 9.75 billion-riyal after an 87% surge this year.

Founded in 1979, MIS began as an information technology services provider before pivoting to data centers. Brothers Ibrahim Al Moammar and Khalid Al Moammar own just over 50% of the company, giving them a combined fortune of about $1.4 billion, according to the Bloomberg Billionaires Index, underscoring the fortunes being minted as Saudi Arabia makes AI central to its economic diversification.

MIS said the AI data center project with Humain will have capacity of 250 megawatts, up from 50 megawatts earlier. The expanded contract is worth about seven times the company’s 2025 revenue. It also signed a separate deal with Humain this week to provide data center co-location services.

Besides Humain, the company’s Saudi clients include Aramco, STC and Al Rajhi, along with various ministries and other public-sector entities, according to its latest annual report.

MIS is benefiting from a broader Gulf spending boom on AI infrastructure. Sovereign wealth funds in Saudi Arabia, Qatar, Kuwait and the United Arab Emirates oversee assets worth more than $4 trillion, with the oil-rich states seeking to make AI a core part of their diversification efforts. That has turned the Gulf into a key player in an industry poised to reshape many aspects of everyday life.

Gulf states are pressing ahead with large-scale construction projects even as data centers have been targeted in the US war with Iran.

State-backed Khazna Data Center Ltd. in the UAE continues to develop a sprawling AI campus in Abu Dhabi. Meanwhile, Saudi Arabia’s Center3, a subsidiary of the kingdom’s largest telecommunications company, has built nearly half of the country’s data centers.

Qatar’s wealth fund is also partnering with Brookfield Asset Management Ltd. on a $20 billion venture to invest in AI infrastructure.

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Dubai International Airport, one of the world’s busiest hubs, said Wednesday it saw a sharp drop in passengers during the second quarter as the Iran war disrupted air travel and prompted many travelers to choose routes that avoided the Middle East.

The airport recorded 13 million passengers during the second quarter, following 31.5 million passengers in the first half. That was a 31.3% drop over passenger traffic in the first half of 2025, the airport said.

Air traffic in the United Arab Emirates and elsewhere in the Gulf region was disrupted by shutdowns and restrictions after the United States and Israel attacked Iran on Feb. 28. The Dubai airport itself suffered minor damage in attacks from Iran.

Aircraft movements totaled 150,600 in the first half, down 32.1% year on year, with only 62,500 in the second quarter, the airport said.

CEO Paul Griffiths noted, however, there has been a steady increase in passenger volume each month in the second quarter, and said the momentum is expected to continue.

“The events of the disruption, which lasted two months, that had an impact on traffic,” Griffiths told The Associated Press. “However, the trajectory now is universally positive.”

He said the airport was waiting for overseas airlines, particularly from Europe, to restart operations.

“I’m very confident we’ll be back to full operation in a very short space of time,” he said.

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The emergence of new technology has long inspired humans to shape our environments.  The invention of steel permitted the rise of skyscrapers, the automobile inspired highway systems and the internet gave rise to a whole new set of digital spaces.

Now, a new force for change is upon us. The pace of improvement in AI models has led many observers to predict that human intelligence may soon be overtaken by the cognitive capacity of machines. Anthropic CEO Dario Amodei imagines a world with “a country of geniuses in a data center.” Elon Musk posited this summer that “AI may exceed the sum of human intelligence in around five years. There really won’t be anything that AI can’t do better than humans, apart from being human, perhaps.”

In such a world, it seems likely that the digital and physical affordances we have constructed for the benefit of humans will be superseded by or at least complemented by infrastructure that is specifically designed for ready and effective use by “bots,” both digital and physical.

Today, our world is designed for human cognition, cadence and trust. Now imagine a world built for machine intelligence, wire speeds and code-based contracts. Humans may no longer be the primary actors in this new theater of our own making.

Bending and Breaking Physical Spaces

AI agents may transform the physical world. It seems superfluous to say that our homes, offices, stores, and public spaces are designed for humans. Think of the centuries of architectural design dedicated to making those spaces useful, accommodating, safe, and efficient. Never mind the time and creativity devoted to making them aesthetically pleasing. But as robots begin to populate our society and workplaces, these locations will need to be accessible and effective for humans and robots alike. Both will need architecture and design for human-machine cooperation.

Building new physical structures is often a slow and expensive process. But humans have rebuilt our physical world to accommodate new technologies in the past, with changes in transportation offering perhaps the clearest examples. Ancient Greek roads had wheel ruts to guide carts over steep or slippery terrain. Railroads necessitated new logistical hubs and services around rail terminals. This had downstream effects, changing the value of land, expanding the potential to commute long distances to cities, and creating physical dividing lines between neighborhoods.

In the 20th century, the rise of mass-produced automobiles led to multilane highways, the construction of new parking facilities, and the rise of the suburbs. In our own time, how might autonomous vehicles reshape the physical environment? Autonomous vehicles do not have the same requirements as traditional cars with human drivers. A human driver requires parking near the driver’s end destination. An autonomous vehicle could drop off a passenger and move on to its next task. Alternatively, it could queue elsewhere, waiting for pickup time. Today, roughly 22% of land in cities with over 1 million inhabitants is used for parking. The rise of autonomous vehicles could reduce that figure, opening land to other uses. Merge lanes could be smaller, given that AVs often operate with tighter tolerances for risk than human drivers. Roads could also be narrower, with expanded room for sidewalks or bike lanes. Furthermore, without the need for steering wheels or pedals, the physical shape of cars may change, opening the possibility for new forms for the cars of the future.

Such changes won’t happen overnight, but our physical world is already being rebuilt to accommodate AI-enabled technologies. In Dallas, Texas, efforts are underway to prepare for the advent of Zipline’s drone-based delivery service. Born from a successful effort to speed the delivery of blood plasma to remote hospitals in Rwanda, Zipline has evolved to serve consumers with fixed-wing drone deliveries of everything from Starbucks to DoorDash. One of Zipline’s primary partners in the region is Walmart, which is beginning to adapt its store design to drive more convenience and efficiency in staging deliveries by drone.

Workers at one such facility recently began cutting openings into the walls of a Walmart Supercenter — not for a renovation, but for delivery drones, letting employees load packages directly from the sales floor into the sky, bypassing the free-standing charging posts the companies used at first. It’s a small, literal crack in a retail architecture built for nearly a century around one assumption: that the customer walking through the front door is human.

The impact of such efforts could soon spread far beyond individual facilities. In August Zipline announced a partnership with Uber to accelerate the use of drones in deliveries. Noting the potential effect of such parentships beyond how quickly customers could now get their next order, Zipline co-founder Keller Cliffton stated, “Every great transportation revolution has changed where people live, how businesses operate, and how economies grow.” 

Ultimately, supply stations for Zipline may become purpose-built for these kinds of workflows. New apartment buildings may be designed with convenient landing spots for the drones to drop their payloads on rooftops or courtyards. 

While many efforts exist to build humanoid robots that share our form and therefore can operate reliably in our environments, it is likely that such machines will be outnumbered by robots that abandon the human form in favor of utilitarian shapes designed for efficiency. As former Uber CEO Travis Kalanick observed in the public unveiling of his new “Atoms” platform, a specialized robot that looks nothing like a human chef could optimally tackle the task of “making 1,000 pancakes an hour,” while a humanoid, not optimized for that function, would struggle to complete this enormous task.

Some transformations are even further along. Kalanick’s CloudKitchens business, a subsidiary of Atoms, is also shifting further in the direction of purpose-built infrastructure for robots. With the remarkable rise in online food delivery, many restaurants struggle to balance service and food prep for diners in their establishments while also preparing staging and queuing delivery for takeout orders. Kalanick initially addressed that challenge by offering restaurateurs new spaces that were solely for the preparation of meals for delivery and were located strategically around cities and suburbs. Supplies came in on one side via loading docks. Kitchens were structured for high throughput and delivery vehicles lined up on the other side of the building to take finished meals and speed them along critical thoroughfares for timely and low-cost delivery. Now, that model is shifting to retrofitting these facilities for robotic food prep and kitchen design optimized for robots rather than chefs. With these new technologies, as Kalanick says, “digitizing the physical world is my life’s work.”

As we reconfigure our physical spaces for robotic collaborators, expect new expectations and disruptions. Humans want physical infrastructure built for their comfort and efficiency, with an eye towards aesthetic beauty, or at least the familiar; robots function best with simplicity, easy transit and “beauty” expressed in utility not visual appearance.

The End of Software (As We Know It)?

The software ecosystem is already being re-shaped for the convenience of AI agents. AI agents, born from large language models (LLMs), are designed to pursue goals on behalf of users with some degrees of autonomy and reasoning capability. They also feature the ability to invoke and utilize computing resources such as browsers, websites, applications and data stores to help accomplish these goals. 

Progress in this area has been rapid. The state of the art has quickly evolved from early demonstrations of agents navigating web pages to perform online shopping, a mode that visually approximates your grandparents learning how to use Amazon.com in 1999, tentatively clicking around, back-spacing and often invoking the wrong commands. Now, agents are capable of performing sophisticated workflows and traversing multiple applications by leveraging a critical artifact of modern computing, the application programming interface (API). 

APIs have become a valuable and dominant way to connect applications to data sources and to each other. Think of them as on-ramps and off-ramps that connect highways to cities—and other highways. They were part of the arcane plumbing that lies beneath the foundation of our increasingly well-crafted software and workflows. Humans engaged user interfaces to command software and engage with outputs like dashboards, while APIs labored in the background. 

Now, AI agents can command individual applications and autonomously compose those API interactions into multi-step workflows. In this world, APIs are not only the plumbing, they are the interface. Agents don’t require a beautiful canvas to function. Rather, they need to access applications seamlessly, go right to the heart of the data store or logic layer to perform an operation and then move on to the next step. Agents favor applications that are set up to help them navigate – modern APIs, machine-readable content that functions as a user guide to the platform, service-level guarantees, transaction capability and telemetry to assess effectiveness.

These shifting requirements signal the rise of “headless software,” platforms that are optimized for agents and that favor utilitarian interfaces over elegant design. This evolution has been well described by leading software entrepreneurs such as Dharmesh Shah, co-founder and CTO of HubSpot, and Aaron Levie, founder and CEO of Box. Levie has observed that “enterprises need to be able to ensure all of their software works across any set of agents they choose.” 

With the rise of headless software platforms, SaaS applications act increasingly like data repositories that agents can traverse and stitch into complete workflows. To the extent this paradigm continues to emerge, it implies a kind of relegation of some classical software applications with their elegant interfaces designed to engage humans. So-called systems of record remain valuable as reliable, persistent stores of corporate data, but they become a watering hole along the agentic journey, not a destination. Consequently, the value proposition of classical (in other words, human-centric) software may shrink commensurate with this new role and its pricing power. Perhaps the entire pricing model shifts in favor of usage or outcome-based revenue models that better align software vendors with customers’ desire for value realization.

The Worldwide Agent Web

Websites are undergoing a similar transformation. Decades of work to perfect the human appeal of websites’ user interfaces and commerce sites allow us to browse and shop in a familiar manner, loading virtual shopping items into virtual carts, and seeking our own optimal combination of price, quality and availability. However, such designs may now be superseded by austere sites that allow agents to act efficiently on our behalf. 

Each form optimizes for different functions and users. Humans browse the internet looking for images, drop-down menus, buttons, slider bars, folders, dashboards, and web forms that allow us to interact with computing in ways that are familiar and intuitive. But to AI agents, these features are distractions, barriers to their direct access to data, capabilities and logic they need to complete tasks. Humans want intuitive interfaces and appealing visuals. AI agents want “clean” API surfaces, a descriptive markdown file, and JSON schemas.

The transformation of the internet to more agentic interfaces is already underway. As Mathew Prince, the co-founder and CEO of Cloudflare, a leading internet infrastructure company, Cloudflare, said in June of this year, “Agentic traffic [is] growing so fast that bots have now passed human traffic online for the first time in the Internet’s history.”

As agents traverse the web on our behalf, the practice of Search Engine Optimization (SEO), through which websites compete for human visitation by tuning their appeal and seeking referral of users from Google and other discovery platforms, is giving way to Artificial Engine Optimization (AEO), which is designed to induce agents to promote, visit and even transact on websites by increasing their visibility and appeal to our digital delegates.

As with software, the features that optimize for agents differ significantly from the intricate features of modern internet sites built for human use. Commerce and content purveyors are scrambling to contribute their data to train LLMs and place themselves squarely in the transactional path of agents. The implications for online commerce are particularly significant: The parallel processing capabilities of AI can allow agents to comparison shop at scales and speeds far beyond the capacities of humans. 

Millions of websites have advantages of legacy and incumbency. But over time, people’s loyalty to online brands may be supplanted by the efficacy of their interfaces for agents. Unlike humans, agents don’t shop habitually or “get used to” shopping on any given platform. Dynamic pricing may become more pervasive amid these accelerated shopping sprees. A logical outcome for this development could be the rise of auction pricing at scale, where agents put out “requests for proposals” for every sweater or light bulb purchase they make on our behalf and induce online stores to compete to win every piece of business in real time. Tokenized payments may rise in use for agent-based transactions, where immutability and speed are most desirable. By the same token, tolling infrastructure may emerge that permits agents to autonomously “pay for” access to content or other online resources as they pursue our goals. Both of these possibilities could meaningfully challenge the current economic structure of the web, where human-driven search lies at the heart of online monetization and existing payment methods and rails are necessary to consummate transactions. 

How this Might Play Out 

We are beginning to see evidence that our digital and physical spaces are evolving with the advances of AI and robotics. This raises a series of critical questions. How dominant will “machine spaces” become? What models for co-existence and control will emerge? Will “human spaces” become a rounding error too?

Many of these changes are nascent. As such, they will coexist with established architectures. In these early years, we should expect the development of “parallel universes.” Software and websites built for humans won’t vanish. Factories, warehouses and stores won’t suddenly close. But a new and different infrastructure will eventually emerge – one that is designed to serve our digital workers in contexts where humans may no longer be the primary actors. 

We may begin to consider the ergonomics of agents and robots as much or more than we consider optimization for humans. While some may view this wistfully, it seems likely that these changes and the tremendous efficiency gains they promise may free up capital and creativity to build new, entirely human-centric architectures that are not burdened by the compromises necessary to accommodate people and machines but rather are tuned exclusively to our highest tastes and aspirations.

The irony is that a world redesigned for machines may eventually allow us to recover something more purely human. If factories, kitchens, warehouses, websites, and workflows become increasingly machine-native, then human spaces may be relieved of some of their utilitarian burden. We may build more places for beauty, reflection, play, learning, and community precisely because the machine world has absorbed more of the work. The danger is that human spaces become incidental. The opportunity is that they become sublime.

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

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I really miss the Vox Earworm videos that explained the science and history of pop music, like “The sound that connects Stravinsky to Bruno Mars” or “How a recording-studio mishap shaped ’80s music.”

A spiritual successor? This video exploring the origin of the somehow-ubiquitous “Gen Alpha Melody” from Carl E. Martin, at the time a musicology grad student. Be sure to watch all the way until the last second.

Continue to STAT+ to read the full story…

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Meta has reached a settlement with states accusing the tech giant of designing Facebook and Instagram to addict children, ending a closely watched federal trial over social media’s alleged harm to young users.

The deal, disclosed in court papers on Wednesday, resolves claims brought by 29 states and averts one of the highest-profile tests yet of allegations that social media companies have harmed young users. 

The states accused Meta of violating consumer-protection laws and improperly collecting children’s personal data without parental consent. Meta has denied the allegations and said it has worked to protect children on its platforms.

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Hadash-Ta’al MK Ofer Cassif accused IDF troops on Wednesday of physically and verbally assaulting him while attempting to reach Palestinian families in the West Bank village of Kusra, whose homes have been surrounded amid an ongoing confrontation involving extremist settlers and Israeli security forces.

“Yesterday, I tried again to reach the besieged families in the Palestinian village of Kusra,” Cassif said. “During my attempt to enter the village, I was verbally and physically attacked by the occupation forces.”

He shared footage showing him approaching the soldiers with his hands behind his back, in view of the camera, as he tried to walk past while the soldiers blocked him.

“Before the checkpoint, with my hands behind my back, one of the soldiers threw himself to the ground and claimed that I had attacked him. Later, they violently pushed me back to my car. I filed a complaint over this incident,” he said, noting that he ultimately succeeded in reaching the homes and meeting the families.

“If this is how the occupation forces treat a serving member of Knesset, one can only imagine what Palestinians experience every day and the extent of the lies spread to justify this reality,” Cassif said.

Israeli settler extremists throw stones at a dirt road at the Palestinian village of Kusra, in the West Bank, in an attempt to block the movement of Palestinians and Israeli forces, August 12, 2026 (credit: SCREENSHOT/VIA SECTION 27A OF THE COPYRIGHT ACT)

In his statement, Cassif called for international intervention and reiterated his opposition to Israel’s presence in the West Bank.

“The international community must intervene immediately and act to end the siege,” he said. “But that is not enough. The occupation as a whole must end, so that justice can prevail and the two peoples of this land can live in peace, security, and prosperity!”

IDF confirms Cassif arrived at Kusra, says soldiers’ conduct ‘under review’

The IDF confirmed to The Jerusalem Post that Cassif and several civilians did arrive at Kusra, and that the argument was regarding the entry of accompanying individuals who were not members of Knesset into the village, which has been designated as a closed military zone. 

According to the IDF, Cassif arrived without prior coordination, and entry was permitted in accordance with the existing exceptions for MKs

Regarding the fight seen in the video, the IDF told the Post that “The conduct of the soldiers during the incident is being examined.”

Cassif has gone to Kusra before since extremist clashes with Palestinians began

Cassif had previously visited Kusra on August 14, when he said IDF troops initially prevented him from entering the village, before he was eventually able to cross the checkpoint and bring water, food, medicine, and equipment to reconnect water pipes that he said had been damaged by settlers.

The confrontation in Kusra followed days of unrest surrounding Palestinian homes on the outskirts of the village. On August 12, settler extremists clashed with IDF troops after the evacuation of an outpost near Kusra, while footage showed roads being blocked and fences dismantled.

Palestinian residents subsequently said extremist settlers remained near their homes despite military efforts to remove them, leaving families feeling under threat. The IDF later announced that it would investigate its handling of the events in Kusra, including the time taken to remove the outpost and the treatment of Palestinian families in the area.

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A 24-year-old Ramle man was indicted on Wednesday for allegedly planning and carrying out the murder of his own lawyer over the handling of a NIS 18,500 insurance claim, shooting him six times at close range inside his Rishon Lezion office.

Ahmad al-Rajoub was charged in the Central District Court in Lod with intentional murder under aggravated circumstances, carrying a weapon and ammunition, destroying evidence and obstructing justice. The case is before Judge Maor Even Han, and the next hearing is scheduled for September 16. 

The indictment alleges that Al-Rajoub decided to kill attorney Arbel Feldman after becoming angry over what he believed was the slow handling of a claim arising from damage to a vehicle involved in a traffic accident.

Feldman had represented Al-Rajoub in proceedings against Harel Insurance. The NIS 18,500 claim was filed in the Rishon Lezion Magistrate’s Court in June 2024, while a related dispute over insurance coverage was being heard separately in Rehovot.

Al-Rajoub was reportedly frustrated by length of case

The proceedings were repeatedly delayed while the parties awaited the outcome of the related case, according to the indictment. Al-Rajoub allegedly complained that Feldman had failed to move the claim forward quickly enough and said that he was in serious financial difficulty.

Police escort suspect in lawyer murder case, August 4, 2026. (credit: ISRAEL POLICE)

During a recorded telephone conversation on July 20, prosecutors allege, Al-Rajoub spoke to Feldman in a threatening tone, complained that the case had continued for nearly three years and accused the lawyer of having “screwed him.”

The two met at Feldman’s office the following day. On July 28, the civil proceedings ended in a settlement providing that the insurance payment would be made within 30 days.

Al-Rajoub allegedly shot his lawyer six times

Exactly one week later, prosecutors allege, Al-Rajoub arrived at Feldman’s office carrying a loaded semiautomatic handgun concealed beneath his clothing. 

Al-Rajoub allegedly entered the office shortly before 1 p.m., approached Feldman, drew the gun and fired six times at close range with the intention of killing him. The bullets struck Feldman’s upper body, head and hand.

Feldman collapsed onto the office floor and died there from blood loss, according to the indictment. Prosecutors said just 21 seconds passed between Al-Rajoub’s entrance into the office and his departure.

He then allegedly ran down the building’s stairs, fled to his vehicle and drove toward Ashdod. At an unknown location along the way, prosecutors claim, he disposed of or concealed both the gun and his mobile phone to prevent investigators from using them as evidence.

Turning himself in to the police

About two hours later, Al-Rajoub presented himself at an Ashdod police station and initially told officers that he had killed Feldman for a financial motive, according to the detention request. The same filing says he later exercised his right to remain silent during three formal interrogations.

Prosecutors said their evidence includes security footage showing Al-Rajoub arriving at the building, entering Feldman’s office and running away with an object resembling a firearm. Approximately 100 gunshot-residue particles were found on his hands and hair, according to a forensic opinion cited by the prosecution.

The evidence also includes the recorded July 20 conversation, telephone and message records, documents from the civil proceedings and a firearms examination indicating that one weapon was used in the shooting, prosecutors said. 

The killing was first reported after police received an emergency call from Feldman’s office on Moshe Levy Street. “Urgent, urgent, they shot my office partner,” the caller told police. Officers found Feldman with multiple gunshot wounds, and he was pronounced dead at the scene.

Prosecutors say Al-Rajoub poses threat and risk of obstruction to justice 

Feldman, a Rishon Lezion resident and father of three, had practiced law for more than 20 years and specialized in tort and traffic-accident claims. Friends and colleagues remembered him as quiet, courteous and devoted to his family. Lawyers across Israel observed two minutes of silence after his killing.

Prosecutors have asked the court to keep Al-Rajoub detained until the conclusion of the proceedings, arguing that the circumstances of the alleged attack demonstrate extreme danger and that his purported efforts to conceal the gun and telephone create a risk of obstruction.

“An attack on a lawyer acting within the law as his client’s representative crosses a red line,” prosecutors wrote, adding that lawyers must be able to perform their work without fear that they will be killed.

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Turkey’s ruling AK Party welcomes the dissolution of the Kurdish-led Syrian Democratic Forces as an important step towards strengthening Syrian unity, a spokesman for President Tayyip Erdogan’s party said on Wednesday.

NATO member Turkey has emerged as one of the main allies of neighboring Syria’s President Ahmed al-Sharaa after he toppled Bashar al-Assad’s decades-long rule.

Ankara has vowed to help Damascus rebuild the country and restructure its state institutions and armed forces, and it has provided Damascus with political and diplomatic support.

“An important threshold was passed in terms of strengthening Syria’s internal unity with the dissolution of the SDF,” AK Party spokesman Omer Celik wrote on X, adding Ankara supported Syria’s sovereignty and territorial integrity.

The announcement by SDF commander Mazloum Abdi of the group’s dissolution and integration into Syria’s armed forces under an agreement with Damascus comes amid peace efforts in Turkey with the outlawed Kurdistan Workers’ Party (PKK) militant group, which Ankara views as linked to the SDF.

Syria's Ahmed al-Sharaa and Turkey's President Tayyip Erdogan arrive for a joint press conference at the Presidential Palace in Ankara, Turkey, February 4, 2025 (credit: REUTERS/CAGLA GURDOGAN)

In February 2025, jailed PKK leader Abdullah Ocalan called on his group to disarm and disband, and it announced in May 2025 that ​it would do so. A group of militants symbolically burned their weapons at a ceremony in northern Iraq two months later.

As part of the process, Ankara has repeatedly said the SDF must also dissolve and disband, voicing support for the integration process.

Turkish troops will only withdraw once threats are eliminated

Turkey, which backed rebels looking to oust Assad, had mounted several cross-border military operations against the SDF in northern Syria and still has thousands of troops stationed there. It says they will only be withdrawn once the security threats it faces are eliminated.

The government describes the peace process with the PKK as part of its goal of creating a “terror-free Turkey” and “terror-free region.” While Turkey’s parliament passed a law this month establishing a legal framework for the disbanding of the PKK, Kurdish politicians have said lasting peace will require broader democratic and legal reforms.

The PKK, designated a terrorist organization by ​Turkey, the United States and the European Union, launched its insurgency in 1984. The conflict has ​killed more than 40,000 people, imposed a heavy economic burden on mainly Kurdish southeast Turkey and fueled ‌decades ⁠of political and social division.

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Good morning, everyone, and welcome to the middle of the week. Congratulations on making it this far, and remember there are only a few more days until the weekend arrives. So keep plugging away. After all, what are the alternatives? While you ponder the possibilities, we invite you to join us for a needed cup of stimulation. Our choice today is ginseng honey, a favorite from our pantry. Meanwhile, here is the latest menu of tidbits to help you on your way. We hope you conquer the world and have a wonderful day. And as always, please do stay in touch. …

About 14% of employers in the U.S. have already or plan to drop coverage of GLP-1 drugs in 2027, as companies see ​rising health care costs, Reuters notes, citing a survey by the Business Group ‌on Health.  Two-thirds of employers reported rising use of ​the medicines while the share of employers ​covering GLP-1 weight loss ⁠drugs dropped from 72% in 2025 to 60% in 2026. Pharmacy costs made up 25% of employer health care spending and are expected to rise by 12% in 2027, unchanged from the ​year prior. PepsiCo, for example, is dropping coverage, says Bloomberg News.

The number of people working in Massachusetts’ renowned biotech sector fell last year, the first time that’s happened since at least 2002, The Boston Globe writes. The state’s biopharma workforce shrank by about 3,600 employees in 2025, to a total of 113,503, as industry headwinds and uncertainty about federal funding for scientific research battered the sector, according to the annual “industry snapshot” by the Massachusetts Biotechnology Council trade group. Compared to 2024, the workforce declined by 3.1%.

Continue to STAT+ to read the full story…

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Good morning. The news of Dolly Parton’s passing struck people pretty hard across the STAT newsroom. She was an incredible musician and humanitarian, but most relevant to this newsletter, she was an ardent supporter of science, including research behind the Moderna Covid vaccine. 

Read the rest…

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Dr. Patrick Fox, a forensic psychiatrist and health plan leader, will take the reins at Carelon Behavioral Services effective immediately. His experience will be “invaluable” for the unit, a top Elevance executive said.

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Amid backlash over high U.S. Open ticket prices, Mayor Zohran Mamdani on Tuesday announced he secured discounted tickets to the tournament for New York City residents. The mayor and the United States Tennis Association (USTA) will offer 1,000 tickets priced at $100 to see main-draw matches taking place from Sunday, August 30, through Tuesday, September 8. The tickets, which go on sale on this Wednesday at 10 a.m., will be offered on a first-come, first-served basis to eligible New Yorkers. New Yorkers will be able to purchase two tickets each.

Hosted at the USTA Billie Jean King National Tennis Center in Flushing Meadows-Corona Park, the U.S. Open is one of professional tennis’ premier tournaments and the fourth and final Grand Slam event of the year.

However, like many major sporting events, ticket prices have skyrocketed, with buyers purchasing admission and reselling tickets on platforms like Ticketmaster for far more than face value.

As first reported by The Athletic, ground passes on the resale platform were listed for between $240 and $478 as of Tuesday, despite having a face value as low as $65. Additionally, the cheapest ticket available for Arthur Ashe Stadium on opening day was listed for $344, while courtside seats were going for more than $1,000.

The tickets offered by the city will not be eligible for resale and will include seats in the tennis complex’s two biggest courts, Arthur Ashe Stadium and Louis Armstrong Stadium, as well as ground passes.

Admission to Arthur Ashe Stadium will also give spectators access to general admission seating in Louis Armstrong Stadium and all other courts, while tickets to Louis Armstrong Stadium will grant access to general admission seating on all other courts except Arthur Ashe Stadium.

The initiative builds on previous efforts by Mamdani to improve access to major sporting events. During the FIFA World Cup in May, he secured 1,000 tickets to the soccer tournament through negotiations with FIFA, making them available for $50 through a lottery system. The tickets also included free round-trip bus fare to the stadium. His administration also distributed 500 free tickets to the USA Track & Field Outdoor & Para National Championships earlier this summer.

During a Tuesday press conference, Mamdani announced the initiative, saying it aims to give everyday New Yorkers access to one of the world’s greatest sporting events.

“Part of the beauty of living in our city is also the exposure to some of the greatest sporting events across the world,” he said. “The U.S. Open is one that so many New Yorkers have fond memories of, and yet, like what we’ve seen with many sporting events, the cost has continued to increase, and many New Yorkers feel as if they don’t have a chance to be a part of something like this.”

“Just like we secured 1,000 tickets for the World Cup at a discounted price, we’ve done the same with the U.S. Open,” he added. “Our mission is: How can we bring as many New Yorkers as possible to be part of such a wonderful event?”

This year’s U.S. Open comes as an $800 million revamp of Arthur Ashe Stadium continues. The largest single investment in the tennis tournament’s history, announced in May 2025, will bring a new stadium with an entrance designed by architect Daniel Libeskind, expanded public space, upgraded concourses, a larger courtside bowl, and a new players-only building.

The work is taking place in three phases and will continue without disrupting this year’s tournament. The project is slated for completion ahead of the 2027 U.S. Open.

“We want as many people as possible to experience tennis and the US Open, and this additional Main Draw ticket access for New Yorkers only strengthens that commitment,” USTA CEO Craig Tiley said.

“The US Open already offers eight days of free grounds admission. Great crowds of fans and families are coming out to see the best players in the world practice up close, watch world-class competition with qualifying and mixed doubles and experience much more during our free-to-attend Fan Week.”

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Dolly Parton, the country music icon whose soaring vibrato vocals, poignant songwriting and sparkling costumes defined her rise from a log cabin in the Tennessee mountains to the height of stardom and acclaim, has died in Nashville. She was 80 years old.

“After bravely facing a brief battle with cancer, Dolly departed her Earthly life today at the Vanderbilt-Ingram Cancer Center surrounded by loved ones,” her publicist, Marcel Pariseau, said in a statement Tuesday.

Known for her curvy physique, massive blond wigs and skin-tight outfits that served her self-deprecating wit, she was among the most beloved personalities in music and beyond — the rare celebrity whose appeal transcended generations, geography and politics.

She wrote hundreds of songs, including classics like “Jolene,” “Coat of Many Colors” and “I Will Always Love You,” that totaled more than 100 million worldwide sales and more than 1 billion online streams. Parton, who plucked bejeweled banjos, guitar and dulcimers with her long fingernails during performances, was a generous philanthropist and successful businesswoman whose projects included a theme park in the Smoky Mountain foothills near her birthplace.

Her career was forever influenced by her upbringing as one of 12 children born into what she called a “dirt poor” Tennessee family. She started her education nonprofit, Imagination Library, to send free books to children in Tennessee because her father, who quit school to work on the farm, struggled to learn to read.

Parton’s first musical performances were in church, where her grandfather was a preacher. By age 10, she was learning guitar and singing on local television shows. At 13, she appeared on the Grand Ole Opry in Nashville, where Johnny Cash introduced her as “a little girl here from up in East Tennessee.”

With a suitcase of songs, she followed her uncle, Bill Owens, also a songwriter, to Nashville after graduating high school in 1964. Fred Foster, who produced Roy Orbison, Willie Nelson and more, saw her potential and got her songs cut by other artists, as well as recording and releasing Parton singing her own material. By the mid-1970s, Parton was a Nashville queen.

A key collaboration with Porter Wagoner

Parton’s partnership with Porter Wagoner, a pencil-thin pompadoured star with flashy rhinestone outfits, was key to her career. She honed her acting skills on his syndicated TV show and he advocated for her to get a record deal at RCA. Their first duet, “The Last Thing On My Mind,” was released in 1967, the same year she started her own publishing company.

While their duets were often big radio hits, Parton’s solo singles didn’t chart as high at first. With Wagoner as a co-producer, she began to adjust her country warble to a more polished, pop-leaning style.

She got her first No. 1 solo single with “Joshua,” and reached the Top 5 with the ballad “Coat of Many Colors,” about how her mother sewed together scraps of clothes to make a coat Parton wore “so proudly” even as her peers mocked her for being poor. The song, with its Biblical references and ode to maternal love, was later made into a children’s book and a TV movie.

In 1973, she had the hit that made her career — “Jolene,” a country music standard with its steady, churning rhythm and Parton’s repeated delivery of the title as she pleads for the woman not to steal her man.

The song topped the country charts, crossing over to pop and later being released internationally, opening up new audiences for Parton. “Jolene” is one of her most covered compositions, including by Miley Cyrus (Parton’s goddaughter), Olivia Newton-John and The White Stripes.

She left Wagoner’s show in 1974, amid reports of squabbling between the two, although they continued to record together and Wagoner stayed her producer for years after that. But the relationship turned litigious when Wagoner sued her in 1979 for millions in management fees and royalties.

A pop crossover star

She followed “Jolene” with a huge hit in 1974, “I Will Always Love You,” an ode and farewell to Wagoner that helped her win the Country Music Association’s female vocalist of the year back-to-back in 1975 and 1976. She famously turned down Elvis Presley, who wanted to record it, because she would not share publishing rights.

Decades later, Whitney Houston’s version of “I Will Always Love You” became a smash for the soundtrack of her 1992 film “The Bodyguard,” and broke sales records. Houston won a Grammy for her performance in 1994, presented to her by Parton.

“Here You Come Again,” a pop crossover hit and one of the few she didn’t write, further established Parton as a multi-genre entertainer and brought her first Grammy Award in 1979.

“A lot of people thought I had totally lost my mind,” she told The Associated Press in 1979 of changing her singing style. “But I had no fear of change. I expected success, but I was braced for failure. I didn’t care if people thought I was wrong. In my own heart, I knew I was doing the right thing.”

Parton’s other crossover hits included the title song from “9 to 5,” the 1980 comedy starring Parton, Jane Fonda and Lily Tomlin; and her duet with longtime friend Kenny Rogers, “Islands in the Stream,” written by brothers Barry, Maurice and Robin Gibb of the Bee Gees. In 1987, she collaborated with Linda Ronstadt and Emmylou Harris on the million-selling “Trio” album.

Down home charm

For millions of fans, she was simply “Dolly,” a mixture of Southern charm, humor and glamour. But she was also considered a feminist role model for holding the reins of her own career, writing her own songs, owning her content and looking after her finances in an entertainment world dominated by men.

Parton was open to making fun of herself; when she hosted “Saturday Night Live” in 1989 she told the writers that her only restrictions were she wouldn’t curse and she wouldn’t make fun of Jesus. She regularly joked about her breasts or her dumb blonde appearance, but with a wink that she was the one controlling the laughs. In the memoir “My Life So Far,” Fonda remembered Parton’s way with a wisecrack, “usually high raunch,” and a laugh that was “somewhere between a girl’s giggle, an explosive shriek, and a cascade of little bells.”

After her gown split down the front when she won CMA’s entertainer of the year in 1978, Parton quipped: “My Daddy said that’s what I got for putting 50 pounds of mud in a five-pound bag.”

Throughout her career, she embraced her glamorous style, often wearing custom curve-hugging rhinestone dresses and bodysuits even if they drew tsk-tsks from others in the industry. Her look was always a part of her larger musical business plan.

“I knew my songs were good even if I had been ugly as sin,” she told the AP in 2014. “So I thought, ‘Well, I would have probably chose to look this way even if I had been a waitress.’ I mean, this is my look. I mean, I like a lot of makeup. I like a lot of hair. I like flashy clothes. I like to show it off. But that’s just who I am.”

She married Carl Dean, an asphalt paving contractor, in the mid-1960s; they were together until his death in 2025 at the age of 82. Though rarely seen in public, he was an influence on her career. She told NPR that she wrote “Jolene” about a flirty bank teller who seemed to take an interest in Dean.

‘9 to 5’ to Hollywood and Broadway

In her first major film role, Parton played alongside Fonda and Tomlin as office workers who rebel against their tyrannical boss in “9 to 5.” Critic Roger Ebert called her a “natural-born movie star” and the title song earned her two Grammy Awards and a ranking of 78 on the American Film Institute’s list of top 100 movie songs. Starring roles in “The Best Little Whorehouse In Texas” and “Steel Magnolias” followed.

“I never thought of myself as a movie star,” she told AP’s Bob Thomas in 1979. “I knew I’d be a star, but as a singer or as a writer of songs or books or poetry. I wanted to be a famous performer and wear flashy clothes, but singing in movies was not one of my ambitions. My family lived in the mountains and we didn’t see movies.”

Her love affair with TV and film continued for decades, with appearances alongside Cyrus on “Hannah Montana” and adaptations of her music for Christmas specials, films and streaming series. She also became an author, her books ranging from the memoir “Dolly” to a bestselling novel co-authored by James Patterson, “Run, Rose, Run.”

The stage adaptation “9 to 5: The Musical” debuted in 2009, and “DOLLY: A True Original Musical” is set to open Jan. 19, 2027, on what would have been her 81st birthday.

United States of Dolly

Beyond her music, Parton’s most lasting legacy might be her generosity and broad appeal.

When a deadly wildfire swept through the Smokies in 2016, she held an all-star telethon and set up a foundation that sent monthly checks to residents whose homes were damaged or destroyed.

She opened up her Dollywood theme park in East Tennessee, a major economic driver in Appalachia that draws tourists from around the country, and established the Dollywood Foundation. She wrote books and memoirs, was inducted into the Country Music Hall of Fame and was given a lifetime achievement award by the Recording Academy. She was selected for the Jean Hersholt Humanitarian Award from the Academy of Motion Picture Arts and Sciences in 2025.

With 55 Grammy nominations and 10 wins, Parton is the third-most nominated woman in Grammy history, only behind Beyoncé and Taylor Swift.

Parton spanned social and political divides, through multiple generations of fans, urban and rural and in between. In tumultuous election years, it wasn’t uncommon to see “Dolly for President” shirts. But she was strict in not voicing her own political beliefs, often turning aside questions about presidents, candidates, policies and other controversies.

“I don’t do politics,” Parton told host Jad Abumrad on his hit podcast “Dolly Parton’s America.”

“I have too many fans on both sides of the fence. Of course, I have my opinion about everything, but I learned years ago to keep your mouth shut about things.”

When the Rock & Roll Hall of Fame Foundation sent out a ballot in 2022 with her name on it, though she said she felt she hadn’t earned it, the voters answered with a “Hello, Dolly.” Parton showed up to the induction ceremony, performed and then put out a rock album.

___

Associated Press writer Hillel Italie contributed.

This story was originally featured on Fortune.com

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Adam Mosseri, the Meta executive at the helm of Instagram, defended the platform’s safety record in testimony Tuesday and took issue with a plaintiff attorney’s emphasis on low usage numbers for a feature designed to encourage young users to take breaks.

Mosseri was appearing at a trial that pits Meta against the states of California, Colorado, Kentucky and New Jersey, which accuse the social media giant of contributing to the youth mental health crisis by knowingly and deliberately designing features that addict children to its platforms.

Jason Slothouber, a senior prosecutor for the Colorado Attorney General’s Office, pressed Mosseri on the low adoption rate among teens for the “take a break” feature, which prompts users to step away if they’ve been scrolling a while. Very few teens used the feature when Instagram first introduced it, but since launching separate teen accounts in 2024, Meta has made it the default setting for teenage users.

Mosseri appeared frustrated that Slothouber was focusing on a single Instagram safety feature when the Meta executive said, “There are many features we launch over many aspects of safety and well-being” that the company tries to improve over time.

The trial began last week in federal court in Oakland, California, and is expected to last about six weeks. The four states were among 29 that sued the tech giant in 2023 over child safety and privacy — the other 25 will go to trial later. The company also faces lawsuits in state courts, including one underway in Tennessee.

Mosseri, who has led Instagram since 2018, testified for about an hour and is due back on the stand Wednesday. He also testified earlier this year in the Los Angeles state court trial that pitted Meta and YouTube against a 20-year-old plaintiff identified only by the initials “KGM,” who said she became addicted to social media as a child. Meta and Google were found liable for harms caused by their platforms, and KGM was awarded a total of $6 million.

In earlier testimony at the Oakland trial, Francesco Fogu, Instagram’s director of product design, had contentious exchanges with the plaintiffs’ lawyer over internal chats and documents shown to the jury. In one instance, jurors were shown a passage from a document saying, “As a company, we make different choices when it comes to regulatory response. Sometimes we don’t comply and accept a fine. Sometimes we comply in the most minimal or literal way possible.”

Fogu said several times he did not remember whether he wrote those words. As Slothouber kept pressing, Judge Yvonne Gonzalez Rogers stepped in to say, “We get the point.”

Jurors also heard from former Meta employee George Volichenko, who worked in marketing analytics and as a data scientist from 2016 to 2018 and from 2022 to 2023. During his second stint at the company, when he worked on Instagram’s mental well-being team, Volichenko said he was told the team exists primarily to protect the company in upcoming lawsuits.

In his experience, Volichenko said, “Everything I saw was kind of supporting that” — from having limited agency to feedback and guidance from leadership.

Discussing Instagram’s “take a break” feature, Volichenko said his team had argued it should be automatically turned on for younger teens who use Instagram. That’s because people are far more likely to use a feature if it is “opt-out” — that is, they need to manually turn it off if they don’t want to use it — rather than “opt-in,” which means they have to manually turn it on.

They did not get the approval.

“The tradeoff to core metrics was not desirable,” Volichenko said, referring to Meta’s metrics for how long and how often people use its products.

He soon left Meta a second time.

“I didn’t feel like the company at large was aligned with my values,” he said.

This story was originally featured on Fortune.com

This post was originally published here. 

President Donald Trump’s trade war with Canada is escalating as the midterm elections approach, threatening Republican efforts to address voters’ economic concerns in a year when control of the U.S. Senate hinges on states along the border between the United States and its northern neighbor.

The dispute flared over the weekend after negotiations broke down, leading Trump to raise tariffs on $20 billion in Canadian imports. Canada plans to announce tariffs of its own on Tuesday, and the spiraling conflict could lead to higher prices and scrambled supply chains for Americans already aggravated at the president’s management of the economy.

Republican Sen. Susan Collins of Maine, one of Democrats’ top targets this year, warned that fallout from Trump’s approach would hurt U.S. businesses and consumers.

“Imposing new tariffs on Canada is a mistake,” Collins said while campaigning Monday, and she mentioned lobsters, blueberries, lumber and other Maine products that end up in Canadian markets.

The issue also puts pressure on Republicans in Michigan, Ohio and Alaska, states where Canada is an important trading partner. Many Democrats seem eager to capitalize on the matter as they try to regain the Senate majority, despite the party’s own history with protectionist sentiments.

“Trump is escalating a trade war with Canada for his own vanity,” Michigan’s Democratic nominee Abdul El-Sayed said on social media, adding that his Republican opponent, former Rep. Mike Rogers, is a “rubber stamp” for such policies. A third of the state’s exports go north of the border.

Marc Short, a top adviser to then-Vice President Mike Pence during the first Trump presidency, said the issue is a political trap for Republicans.

“It’s hard, obviously, because you don’t want to incur the wrath of the president,” he said. “But at the same time, I think if you’re representing agricultural states, especially, your voters are probably anxious to have somebody representing their interests in Washington right now.”

Trump charges forward on tariffs

It’s possible that Trump will change course or delay his plans. But for now, the president is making no apologies for the economic turmoil.

“Canada has been ripping off the United States for years,” Trump blasted on his Truth Social platform Monday, adding that he will raise tariffs on all Canadian automobiles and auto parts and steel to 50% in 2027. He added, “WE DON’T NEED CANADA, THEY NEED US!”

Trump’s top trade official more calmly downplayed the dispute. “This is something where we don’t actually expect a huge impact,” U.S. Trade Representative Jamieson Greer told reporters outside the West Wing.

Vice President JD Vance visited Maine on Monday, where he praised “our very independent friend Susan Collins” and assured voters “we’re very mindful of the fact that Maine is a border state with Canada.” He said the administration is trying to make sure Maine “gets a fair deal.”

Collins did not appear with Vance on Monday or during his last trip to Maine. She campaigned on her own as she tries to hold off a challenge from Democratic nominee Troy Jackson, a former state legislative leader.

Jackson, a logger before going into politics, said tariffs are another example of how Collins does not do enough to stand up to the president.

“Troy spent most of his life working along the Canadian border, so he knows how important this relationship is to Maine’s economy,” Jackson spokesman Dan Gottlieb said.

Republicans are trying to defend Senate control

Trump made no secret of his affection for tariffs during his comeback campaign, promising that higher taxes on imports would generate a windfall for the U.S. Treasury and boost domestic manufacturing. But concerns about inflation and affordability have not receded, including in states with key races this year.

Maine, Ohio, Michigan and Alaska boast industries including fisheries, auto parts, lumber and produce that export items across the northern border, while Canadian imports are sold by a range of U.S. retailers.

Iowa, which also has a competitive Senate race, does not border Canada or its waters, but also exports more goods to Canada than any other nation.

Majority Forward, a political action committee tied to Senate Democrats, already ran television advertisements against Republican Sen. Dan Sullivan of Alaska during last year’s partial government shutdown.

“The tariffs are hitting Alaska the hardest,” the ad said. “Call Dan Sullivan and tell him … stop raising our costs.”

Trade is a key issue in Ohio

Former Ohio Sen. Sherrod Brown is trying to return to Washington by unseating Republican Sen. Jon Husted. Brown has long been a union-friendly protectionist Democrat. But he’s argued against Trump’s approach, saying it’s one thing to get aggressive with an adversarial economic powerhouse like China but another to impose uneven, unpredictable tariffs on neighboring nations.

Husted signed a bipartisan letter earlier this year urging the administration to proceed carefully while renegotiating a trade agreement with Canada and Mexico. But he’s also embraced the White House’s economic policies, recently appearing with Vance at an Ohio steel plant to praise the administration’s economic agenda.

“Today is a new day, it truly is,” Husted said. “It’s a new day because of the ‘America First’ agenda.”

Brown has not yet criticized Husted on Canadian tariffs, concentrating instead on the senator’s support for data centers and Trump’s war with Iran. But Senate Majority PAC spokeswoman Lauren French said the Canada tariffs fight fits seamlessly into the broader case that Brown and other Democrats are making about Trump and his allies.

“It’s another proof point for the argument that this is a guy who continues to raise your costs for no reason at all,” she said.

Vance says Trump wants ‘fairness’

Short said Trump’s first-term protectionism was easier to defend because it was more focused on China. In the second Trump presidency, Short said, “we’ve so alienated our normal trading partners that part of their retaliation has been not to buy agricultural products,” thus cutting off replacement markets for any lost trade with Beijing.

In Maine, Vance insisted Trump only wants to level the playing field with Canada.

“They don’t expect anybody to fight back,” Vance said. “We’re sick of that.”

He also criticized Canada as treating China more fairly than the U.S. in trade negotiations.

“It’s over,” Vance said. “We expect fairness in our trade policy.”

Collins shared a different goal.

“I really want us to go back to the very friendly, economically beneficial relationship that we have with our Canadian neighbors,” she said.

___

Barrow reported from Atlanta. Associated Press writers Julie Carr Smyth in Columbus, Ohio, and Seung Min Kim in Washington contributed to this report.

This story was originally featured on Fortune.com

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Retailer Target pulled a children’s Halloween costume from its shelves Monday after widespread social media backlash, apologizing for selling a garment critics said evoked racist minstrel caricatures.

Critics say the costume, along with its promotional image of a Black child modeling the get-up, is reminiscent of caricatures from Jim Crow-era minstrel shows that embedded stereotypes into popular culture and helped justify discrimination, segregation and racial violence.

“As a company, we know we got this wrong, and we are deeply sorry. The costume is offensive and should never have been part of our assortment. It is no longer available for sale,” Target said in a statement.

“We know this is especially hurtful for our Black guests, team members and partners. Removing the costume is an important first step, and the company is looking closely at how this happened and what needs to change to ensure this won’t happen again.”

The costume misstep happened as Target’s sales have started rebounding from earlier company moves that alienated some customers and from a perception the quality of its stores and merchandise had declined.

It is the latest controversy for the retailer, which joined companies like Meta, Walmart, and McDonald’s in rolling back their diversity, equity, and inclusion efforts after President Donald Trump won the 2024 election.

The “Kids’ Glows Under Blacklight Circus Clown Halloween costume,” an orange-and-black circus clown costume, now deleted from the Target website, featured gloves, a top hat and a grinning mask with large teeth.

‘Not simply getting it wrong’

“A Jim Crow-era minstrel costume is not simply getting it wrong. It is a profoundly harmful symbol of racism that should never have been designed, approved, or sold by Target,” said the Rev. Jamal Bryant, a Georgia pastor who led a 40-day “Target Fast” boycott last year. “It shows that Target still lacks corporate diversity among decision-makers and needs concrete internal change.”

In January 2025, the Minneapolis-based corporation ended its three-year DEI program, stopping reports to external groups like the Human Rights Campaign and ended a program focused on carrying more products from Black- or minority-owned businesses, replacing it with a new “Belonging” strategy. The company previously stated that the murder of George Floyd was a catalyst for its DEI initiatives.

Activist-organizers called for a boycott of Target, which lost roughly $12.4 billion in market value by the end of February from January.

Minnesota civil rights activists, separate from Bryant, organized a national Target boycott, resulting in a 33% fall in the corporation’s stock prices and wiped out over $20 billion in market value.

Target’s recent recovery

Target has managed a recovery in recent months. The stock closed at $165.44 on Aug.21, a fresh 52-week high, after a strong second quarter. On Aug. 24, Target’s shares closed at $169.89.

Target’s stock is up roughly 63% this year, a sharp rebound from the depths of the boycott. The company’s turnaround strategy, launched by new CEO Michael Fiddelke after former CEO Brian Cornell stepped down, includes store refreshes, increased staffing, and more aggressive pricing. Target announced a plan in March to invest $2 billion in 2026, including $1 billion in additional operating investments, with plans to open more than 30 new stores this year as part of its path to 300 new stores by 2035, while investing in over 130 planned full-store remodels.

Bruce Winder, a retail analyst and former retail buyer, says that inventory errors, such as the recent Prada and Gucci controversies, “can happen to the best of them.”

“These things happen over time. I think the most important thing for Target, and they did it, was to quickly take accountability, quickly say sorry, acknowledge that this was a big mistake, and pull the product from the shelves,” Winder said.

Boycott organizers undeterred

Target boycott organizers in Minneapolis, including Nekima Levy Armstrong and community leaders Monique Cullars-Doty and Jaylani Hussein, remain steadfast in their divestment calls.

They have continued to press the company to reinstate its DEI programs and continue its commitments to Black communities, and they say the costume controversy is a refresher on their mission.

“It’s important for people to understand that the Target boycott never ended; that it was indefinite from the beginning, unless and until Target reversed course on its decision to roll back diversity, equity, and inclusion,” said Armstrong, an organizer of the national Target boycott.

“What we’ve seen is Target engaging in PR campaigns: recruiting high-visibility Black ministers to meet with them, partnering with (rapper and businessman) Jay-Z, all types of different shenanigans to deflect from the fact that they abandon their commitment to diversity, equity, and inclusion, and capitulation to the Trump administration.”

Hussein, another boycott organizer, said the costume incident was “not surprising.”

“It was almost predictable because of the behavior of Target, and I think this is going to build on the momentum of the boycott. More people are going to be upset,” he said.

“It’s not just an incident with a costume. There are a lot of people right now in this country across many parts who’ve changed their culture of shopping, who have found other places to put their money behind.”

Target Corporation’s stock closed at $163.47 on Aug. 25, dropping 3.78% from its previous close the day prior.

This story was originally featured on Fortune.com

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The “ economic onslaught ” that Treasury Secretary Scott Bessent has declared on Iran’s financial connections around the world may have one major caveat: China.

Beijing is Iran’s biggest trading partner and its leading oil buyer. While the U.S. is trying to isolate the Islamic Republic from its remaining economic partners, President Donald Trump also is preparing to host Chinese leader Xi Jinping next month to maintain a fragile trade truce.

Absent from Bessent’s remarks this week were specifics about how the Trump administration would target China, casting doubts on how effective the new campaign would be when the U.S. must balance putting maximum pressure on Iran and avoiding higher tensions with China that could be costly to the American economy.

“The announcement yesterday was very careful in my view to avoid specifics (against China), which could have led to a disruption in the summit,” Edgard Kagan, senior adviser and Freeman Chair in China studies at the Center for Strategic and International Studies, said Tuesday. “For Xi, a state visit to Washington is a big deal; and for Trump, hosting it is a big deal.”

That means both Washington and Beijing will have a dance to do, said Kagan, who served as U.S. ambassador to Malaysia from December 2023 until this February.

“I think the real question is, is there room to push (the Chinese) to reduce what they’re doing with Iran, to put more pressure on the Iranian regime in a way that doesn’t lead them to say, ‘This is unreasonable, and we’re not going to comply,’” he said.

China is likely to wait and see and do the minimum

In response to “Operation Economic Outcast,” which Bessent announced Monday, Beijing said its cooperation with Iran has always been “within the framework of international law.” China receives more than 80% of Iranian oil shipments but usually through indirect channels.

Lin Jian, a spokesperson for the Chinese foreign ministry, said China-Iran cooperation “should not be disrupted or undermined.”

“China is closely monitoring relevant developments and will take all necessary measures to resolutely safeguard its own rights and interests,” Lin said. He repeated China’s opposition to “illegal unilateral sanctions.”

Kagan described Beijing’s remarks as “a holding response” and said Beijing will try to do the least to comply without openly confronting the U.S.

“They’ve tended to be careful not crossing explicit red lines, but they haven’t addressed the spirit of what the U.S. has sought,” Kagan said, pointing to practices such as ship-to-ship oil transfers that obscure the origin of Iranian crude oil to evade American sanctions.

Sun Yun, director of the China program at the Stimson Center, a Washington think tank, said China will not go along with the new campaign if the U.S. goal is to destroy the Iranian economy and seek the government’s collapse.

But “if the goal is to exert enough pressure for Iran to make concessions on the Strait of Hormuz and potentially ending the conflict, I think China can and will demonstrate its cooperation without having to completely sever ties with Iran,” Sun said. “China only needs to do enough to demonstrate it is cooperating, such as cut back on its oil import from Iran.”

With a planned summit between Trump and Xi weeks away, “neither side wishes to have a major escalation bilaterally at this point,” she said. “China needs to give U.S. something, and U.S. needs to understand and accept that it is not going to be everything U.S. asks for.”

US is not likely to act tough on China, analysts say

So far, the Trump administration has refrained from imposing sanctions on major Chinese businesses or banks connected to the U.S. financial system and thus vulnerable to American penalties.

The Treasury Department said Monday that it was penalizing nearly 60 Iran-linked entities, accusing them of involvement in Iran’s nuclear and missile programs, cyber activities and oil shipments.

It targeted a number of entities and individuals based in mainland China and Hong Kong for supporting Iran’s missile and nuclear programs. It sanctioned a China-owned crude oil tanker for transporting millions of barrels of Iranian oil to China this year as well as a Hong Kong-based business for its role in the shadow fleet that ships out Iranian oil.

With Xi’s visit coming up, Trump may not act tough on China now, said Ali Wyne, senior research and advocacy adviser on U.S.-China relations at the International Crisis Group.

“Given how keen Trump has been to maintain both a trade truce between the United States and China and his personal rapport with Xi, he seems unlikely to do a volte-face just a month before Xi’s state visit and adopt a highly confrontational posture,” he said.

Plus, Xi’s visit to the U.S. could pave the way for Trump to return to China in November for the leaders summit of the Asia-Pacific Economic Cooperation grouping.

In his second term, Trump has been less hawkish on China than in his first presidency and frequently touts his good relationship with Xi following a major trade war last year that featured back-and-forth escalating tariffs. The U.S. business community also welcomes Xi’s visit, saying it’s a good sign if the two leaders meet in person, even when any substantial deals may be elusive.

“Beijing is betting that Washington will be reluctant to jeopardize the current leader-level dynamic by targeting major Chinese entities before the summit,” said Craig Singleton, senior director for China at the Foundation for Defense of Democracies, a hawkish Washington think tank.

___

Amiri reported from New York. Associated Press writer Aamer Madhani contributed to this report.

This story was originally featured on Fortune.com

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In rural eastern Nebraska, a technology revolution could rise from fields of corn and soybean in the form of new data centers to power the artificial intelligence boom.

But just like around many parts of the country, opposition has been building in ways that defy typical partisan boundaries. Conservative farmers and the state Sierra Club chapter recently found common cause against labor leaders as they filled the firehouse in Murdock — population around 275 — to share concerns about data center development moving too quickly.

The scene exemplified an unlikely coalition that worries about dwindling farmland, declining water supplies and rising electricity bills — not to mention how massive corporations could reshape small town America into nodes in a national network of computing warehouses.

The debate around data center projects is one of the rare modern issues to cut across party lines, demographics and geography — from Republican-dominated Nebraska, Texas and Wyoming to swing-state Pennsylvania to Democratic-leaning New Mexico.

Supporters of data centers, including Republican President Donald Trump and some union leaders who usually back Democrats, praise a potential jobs and economic bonanza, while helping the U.S. thwart China in the geopolitical race for technological supremacy.

But hostility toward developments coming at breakneck speed has surged ahead of November’s midterm elections, and forced national, state and local elected officials to adapt to a shifting political landscape.

Judy Stroy, a fifth-generation Nebraska farmer whose late husband grew corn and soybeans and whose son still does, worried that with “the amount of ground that’s getting gobbled up every year, our food source is in trouble.”

“That should scare everyone,” she said.

Some areas have paused data center expansion

Stroy’s fields are just outside Murdock, a village named for a railroad official at the company that first laid tracks here in the 1890s. There’s a school, a post office, a bar and a Corn Grower’s State Bank branch, plus the Midwest Farmer’s Coop where growers sell their produce and buy supplies like feed and fertilizer.

Murdock is in Cass County, where officials recently approved a 12-month moratorium on allowing data center development.

That might freeze energy company Tenaska’s plans to potentially option 1,300-plus acres of land along Highway 75, south of the nearby villages of Murray and Beaver Lake, in a project that activists fear would pave the way for a data center and its own natural gas power plant.

Tenaska spokesperson Leighton Elise Eusebio said the company has been exploring “the feasibility of developing power generation to serve large loads, whether that is a data center or other form of economic development.”

“We believe there are opportunities to work with public power, communities and other stakeholders to develop power generation that will benefit Nebraskans,” Eusebio said in a statement.

Meanwhile, data center operator CyrusOne has nearly 400 acres under its control outside another Cass County community, Plattsmouth, also along Highway 75, but no development has occurred nor has a project been announced, according to a CyrusOne spokesperson.

The area may be seen as particularly favorable because the highway has been widened, offering easy access to Omaha to the northeast, and to the college town of Lincoln to the southwest. The Missouri River provides a reasonably close, major water source.

Some landowners accepted large checks to sell. Local land typically can go for $10,000 an acre, residents say, and developers sometimes offer four times that, or even more.

Such paydays can be extra enticing as farming has gotten more expensive amid rising diesel prices and soybean exports that have declined in the midst of Trump’s tariff fight with a major market for the crop, China.

“What if somebody offered me $40,000 an acre for my ground? It would be hard to turn down,” Stroy conceded.

Nebraska Sierra Club attorney Ken Winston noted that tech giants have made donations to municipal programs in Lincoln to help mitigate the impact of data centers.

“We need to be aware of the fact that they’re going to happen somewhere,” Winston said. “But communities need to be able to protect themselves and if they don’t want them, they should be able to say no.”

Major project sparks New Mexico divisions

There is no development moratorium in New Mexico that could stop Project Jupiter, a $165 billion data center complex planned near the Mexican border, but concerns over dwindling water supplies are mounting.

“It is not about blue vs. red, or whether we’re a purple state or county,” said Samantha Barncastle Salopek, a longtime water attorney, who is running as a Republican for a seat on the Doña Ana County Commission partly because of the project.

“This is about the local community coming together and saying, ‘Hold on, hold on.’ We didn’t get enough information, and now we’re very concerned because also we have to cut back our water use anyway,” she said.

Barncastle Salopek, whose family grows pecans, said she frequently fields worried calls from farmers, ranchers and local business owners across the political spectrum and in other states.

“When we have to fight over the last piece of the pie, those big companies are going to win,” she said of pressure on remaining water supplies. That’s because New Mexico has been hammered by persistent drought, and large swaths of the Rio Grande have dried up in the central part of the state.

The largest reservoir stands at 1.3% capacity, lows unseen since the early 1970s, even though New Mexico is on the hook to deliver more water to Texas under a recent settlement approved by the U.S. Supreme Court. Activists worry that New Mexico’s pecan, chile and other farms could disappear, taking schools, hospitals and supporting businesses and incomes with them.

Oracle, which announced Project Jupiter, has offered funding for youth programs and pledged to invest $50 million in water and wastewater systems in Doña Ana County.

It also plans to partner with an agriculture technology company to install sensors providing real-time data to farmers to help them use water more efficiently — estimating an eventual savings of 21 million gallons annually.

An Oracle spokesperson called the project a generational New Mexico investment, saying it would generate $4.7 billion in taxes and create more than 7,000 construction jobs and 1,500 long-term jobs while being designed to use little water over 15 years, given its closed-loop cooling and fuel-cell systems.

Still, the Center for Biological Diversity last week filed an emergency petition with the New Mexico Supreme Court, challenging the state’s approval of well drilling to supply millions of gallons of water for Project Jupiter’s construction.

The court on Sunday granted that request, halting authorization to use water from a new well until the legal fight is concluded.

During a recent protest in the state capital of Santa Fe, the demonstrators included Jesus Rodriguez, who traveled four-plus hours from his micro-farm in southern New Mexico.

“The fact is that now the money has taken over,” said Rodriguez, who described himself as disillusioned with American politics. “Now it shows that the Democrats, Republicans, or whatever other party is involved, they don’t care about the land. They care about money. And that’s because they want power.”

Some labor leaders see new job opportunities

Data centers have found an ally in organized labor, including Mike Gage, president and secretary-treasurer of the Nebraska State AFL-CIO. Gage said he personally was worried that some workers are seeing their jobs replaced by AI, but that the centers can also create construction jobs and longer-term positions for people running the finished product.

“This problem is also a very big opportunity for some small communities,” Gage said. He noted that a data center built decades ago in Council Bluffs, Iowa, near Omaha, still employs about 60 people today.

Heather McKenzie, who works in labor relations in Lincoln, said putting more data centers in Nebraska can slow an exodus of skilled young people leaving the state.

“I don’t think that enough people understand that this is going to create really good jobs,” she said. “I think a lot of people view it in a negative sense because it’s being sprung on them.”

Chris Backemeyer, a Democratic congressional candidate in the district that includes Murdock, is a former State Department employee. He said he heard about Saudi Arabia and the United Arab Emirates offering to host data centers for the U.S., which might concentrate technology outside the country.

“That scares the bejesus out of me,” Backemeyer said.

Trump champions data centers, but some Republicans are wary

The president has warned about China’s technology gains and Republican House Speaker Mike Johnson said that a federal pause on data center construction might be a “dangerous prospect.”

Still, most registered voters oppose building a data center in their area, according to a July Fox News poll, including 60% of Republicans and 53% of MAGA voters.

Democratic New York Gov. Kathy Hochul ordered a one-year ban on large data centers. Pennsylvania Gov. Josh Shapiro, a fellow Democrat, said his administration would no longer prioritize data center projects when it comes to issuing construction permits or granting developers lucrative tax exemptions if they don’t meet certain standards.

Republican Texas Gov. Greg Abbott announced a halt on approval of new data centers until audits determine their impact on the state’s electrical grid.

Abbott told ABC News that data centers hadn’t been working in collaboration with state or local officials and “basically dug their own grave for the problem that’s been caused for them, and that’s why they got the backlash they deserve.”

The Republican Party’s Senate campaign arm is worried enough about the issue potentially deciding races in Ohio, that it drafted a memo outlining how to respond. But politicians on both sides of the aisle have turned data centers into a punching bag.

Wyoming Secretary of State Chuck Gray, a Republican running for an open House seat, has pledged to halt their construction.

“If Silicon Valley wants to build their liberal empire, they can do it somewhere else,” he said in an ad.

That overlaps with an ad for the mayor of Scranton, Pennsylvania, Democrat Paige Cognetti, who said “we are not for sale” when it comes to data centers. Cognetti is trying to unseat first-term Republican Rep. Rob Bresnahan in a battleground district.

Trump is undeterred, saying that what data centers mean “for a community is jobs and lots of money and lower taxes.” The president has also conceded, however, that tech companies and developers maybe “can use a little public relations help.”

Seeking to soften fears about rising utility prices, Trump says his administration has urged data centers to build their own power plants.

Yet, during a recent meeting in the conservative East Texas town of Tyler, residents complained of being forced to live in a “gas cloud” so data centers can get enough electricity.

The complaint echoed a similar objection from Kardal Coleman, who leads the Democratic Party in big-city Dallas County. He wrote a recent email decrying data centers for “replacing our jobs, polluting our air, and exacerbating the climate crisis, not to mention the noise disturbing our neighborhoods.”

___

Montoya Bryan reported from Santa Fe, New Mexico.

This story was originally featured on Fortune.com

This post was originally published here. 

Iran will not allow military vessels to transit through the Strait of Hormuz under an agreement the Islamic Republic is currently negotiating with Oman, Iran’s Deputy Foreign Minister told state TV late on Tuesday night.

The top diplomats of the two countries met to discuss managing commercial shipping traffic in the vital waterway, which remains largely shut down nearly six months after the Iran war began.

Officials in Thailand said the USS Lincoln was scheduled for a brief stopover in the country as the aircraft carrier prepares to reposition after a lengthy deployment, including support for the Iran war.

Meanwhile, Israel’s strikes continued in Gaza, testing the already fragile ceasefire with Hamas.

Here’s a look at the latest developments in the Iran war and the wider Middle East. Full coverage can be found here.

No military vessels will transit through Hormuz, Iran says

Iran and Oman have reached an understanding on a new framework for managing ship traffic in the Strait of Hormuz that would exclude military vessels, Iranian Deputy Foreign Minister Kazem Gharibabadi told state TV late on Tuesday night.

“If the understanding becomes binding, no military vessel will be permitted to pass through the Strait of Hormuz,” he said. “No military vessel at all.”

Gharibabadi didn’t provide further details about military traffic. He described the proposed commercial route through the Strait of Hormuz, the vital shipping waterway.

Traffic into the Persian Gulf from the Gulf of Oman would pass entirely through Iranian waters, while the outbound route would pass partly through Iranian waters and partly through Oman’s territorial waters, he said.

The Trump administration told Oman it opposed parts of the evolving deal, including the joint Iranian and Omani management of the exit route out of the passage that’s critical to global supplies of oil and natural gas.

U.S. President Donald Trump last week threatened to bomb Oman if it “gets in the way.”

Israel launches deadly strike in Gaza, health officials say

An Israeli strike on a tent for displaced people Wednesday in southern Gaza killed one person and wounded at least four others, according to officials at the territory’s Health Ministry. The Israeli military said it struck a “military operative,” without elaborating.

Even as U.S. efforts to advance the fragile ceasefire in the nearly three-year Israel-Hamas war continue, Palestinians in the strip have reported a surge in deadly Israeli strikes.

Israel has said it targets Hamas and other militants who pose a threat, as well as those who participated in the Oct. 7, 2023, attack that triggered the war. About 1,200 people, mostly civilians, were killed that day in Israel and 251 abducted by militants. Israel’s retaliatory military campaign in the enclave killed more than 73,400 people, according to the Gaza Health Ministry.

The health ministry, part of the Hamas-controlled government, is staffed by medical professionals and maintains detailed records viewed as generally reliable by United Nations agencies and independent experts. It does not distinguish between civilians and militants.

Traffic at Dubai’s airport dropped sharply during Iran war

Dubai International Airport, one of the world’s busiest travel hubs, said Wednesday it saw a sharp drop in passengers during the second quarter as the war with Iran disrupted air travel and prompted many travelers to choose routes that avoided the Middle East.

The airport recorded 13 million passengers in the second quarter, down 31.3% in passenger traffic in the first-half of 2026 compared to the same period last year, with 31.5 million passengers

Air traffic in the United Arab Emirates and elsewhere in the Gulf region was disrupted by shutdowns and restrictions since Feb. 28. The airport itself suffered minor damage in attacks from Iran.

CEO Paul Griffiths noted, however, that passenger volume has steadily increased each month in the second quarter, and said the momentum is expected to continue in the second half.

“The trajectory now is universally positive,” he told The Associated Press.

US aircraft carrier will stop in Thailand as its Mideast deployment draws to end

The U.S. aircraft carrier USS Abraham Lincoln will make a stop in Thailand after its grueling deployment in the Middle East, Thai officials said, without specifying a date or port for security reasons.

The Lincoln has been deployed during the Iran war. Its very lengthy deployment, including a record-setting uninterrupted time at sea of more than 250 days, raised concerns about deteriorating mental health among the crew.

A statement from the Royal Thai Navy on Tuesday said a short stopover by U.S. Navy ships was for recuperation and that no military exercises would be carried out during the visit.

Germany draws down its mission in Iraq’s Kurdish region

Germany has ended the military mission of its advisers in Iraq’s semiautonomous northern Kurdish region after years of supporting the U.S.-led coalition’s efforts against Islamic State militants, the Kurdish region’s Ministry of Peshmerga Affairs said Wednesday.

The ministry said it held an official ceremony at Camp Stephan at Irbil International Airport to mark the mission’s end. Germany had already reduced its footprint in Iraq but had maintained a small contingent at the base.

The end of the German mission comes as U.S. forces have also begun withdrawing from northern Iraq ahead of a Sept. 30 deadline to end their military presence in the country.

U.S. bases in the Kurdish region have regularly come under attack since the U.S. and Israel launched the Iran war on Feb. 28.

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Ukrainian President Volodymyr Zelenskyy on Wednesday awarded Elon Musk the Order of Freedom, one of Ukraine’s highest state honors, for his “outstanding personal merits” in protecting human life and freedom and strengthening ties between Ukraine and the United States.

Musk, the founder of SpaceX, has become one of the most influential, and contentious, private sector figures in Ukraine’s war effort. His decision to provide Ukraine with access to Starlink, SpaceX’s satellite internet network, was critical. It remains a communications lifeline for Ukrainian forces and civilians after Russia’s full-scale invasion in 2022.

Starlink has become deeply embedded in Ukraine’s military operations, with commanders and soldiers relying on satellite connectivity to communicate and coordinate operations.

Musk’s decision-making could shape Ukraine’s future military capabilities. Starlink doesn’t currently operate over Russian territory, but Zelenskyy wants Musk to reconsider the policy. That would allow Ukrainian forces to maintain satellite connectivity for longer-range drone attacks targeting Russia’s military and economic infrastructure.

Musk made no immediate comment on the award, which was announced by presidential decree.

Musk has restricted Starlink use in Russia

The technology has been integrated into Ukraine’s drone operations, helping operators maintain links with drones and navigate them over longer distances. Ukraine’s access to Starlink is the main reason for the early successes of its middle-strike drone campaign, which caught Russian forces off guard and undermined their logistics lines earlier this year.

Musk has allowed the Ukrainians to use Starlink inside their own territory, including in Ukrainian regions occupied by the Russians, but has restricted use of the satellite system inside Russia.

SpaceX’s decision earlier this year to accept Kyiv’s pleas and block unauthorized Starlink terminals being used by Russian forces in occupied territory also strengthened Ukraine’s position.

The campaign has put pressure on Russian logistics in Crimea, giving Ukrainian forces a degree of battlefield momentum that Kyiv has not enjoyed since its successful counteroffensives around Kherson and Kharkiv in late 2022.

Musk’s oversized influence over Ukraine

Musk is both a crucial partner for Kyiv and a potential source of vulnerability and dependence. As Starlink has become embedded in Ukraine’s wartime communications, Musk and SpaceX have significant influence over how the technology can be used.

Musk’s decisions can have direct consequences for Ukraine’s military capabilities, making it important for Kyiv to preserve a positive relationship.

Zelenskyy has sought U.S. help in persuading Musk to permit Ukraine to expand its ability to use Starlink beyond Ukraine. Musk has said he believes that would be a significant and dangerous escalation, Zelenskyy told reporters last week.

Musk’s influence has spilled into politics

A reported mix-up over whether SpaceX had approved Ukraine’s use of Starlink for operations inside Russia contributed to tensions between Zelenskyy and then-Defense Minister Mykhailo Fedorov, who was the government’s main interlocutor with Musk.

Fedorov was dismissed in July as part of a broader government shake-up.

Zelenskyy said inaccurate information from the Defense Ministry that SpaceX had approved the bid had contributed to an awkward exchange with U.S. President Donald Trump, who accused the Ukrainian president of deceiving him. He did not say when that occurred.

That contributed to “some of the steps” taken against Fedorov, Zelenskyy told reporters last week, without explicitly accusing him of deliberately providing false information.

Federov’s dismissal also highlights the political element of Musk’s role in Ukraine’s war effort.

This story was originally featured on Fortune.com

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You can call attacks by extremist Israeli settlers on Palestinian villages in the West Bank outrageous. You can call them disgusting. You can call them terrorism.

But there’s one thing you can’t call them – a surprise.

For much of the current Israeli government’s term, extremist settlers have been setting up “farms” close to Palestinian villages. The farms start out illegally, but the government later approves them. All the while, the settlers spend less time cultivating crops than burning fields and houses and harassing – even killing – Palestinians. They get away with it. Almost no one is arrested. It’s as if all this were Israeli government policy – which, despite denials, it is.

For years, this behavior has been attributed to the “hilltop youth,” a small, violent group among the settlers, identifiable by their oversized head coverings and the long fringes hanging from their clothes – the marks of politically extreme Orthodox Jews.

It’s no small group anymore. The sheer number of farms – at least 100 and perhaps as many as 240 – and the settler attacks designed to “encourage” Palestinians to leave their land provide clear evidence that this is larger than a hilltop youth problem.

Israeli soldiers stand in front of an Israeli settler who entered onto the property of Palestinian-American Loui Ridi, in Kusra, August 18, 2026. (credit:  REUTERS/Ammar Awad)

We should have seen this coming.

Most are peaceful, model citizens

Israel took control of the West Bank in 1967. The first settlement was established in a Hebron hotel in 1968. From there sprouted a settlement movement that spread across the length and breadth of the territory. Today, more than half a million Israeli settlers live there.

Most are peaceful, model citizens. The largest settlements are near the old ceasefire line between the West Bank and Israel, and they function as suburbs of Israeli cities, offering cheaper housing at a time when urban housing costs are through the roof. The problematic settlements are in the interior. There, families have lived in relative isolation for 50 years.

If you use the definition of a generation as roughly 17 years, three generations of Israeli settlers have grown up next to Palestinians in an atmosphere of conflict, hatred, aggression, and fear on both sides.

A Tel Aviv University sociology professor conducted a study showing that, as the years passed, residents of isolated settlements grew increasingly extreme in their religious outlook – which included the firm belief that the West Bank, or Judea and Samaria, is exclusively Jewish property. From there, it’s not a great leap to attacks by fanatics against Palestinians.

Here’s the thing: That study was conducted about 25 years ago. Since then, the process has continued and intensified.

A small number went overboard and turned to violence

I observed it while traveling around the West Bank and Gaza as a radio reporter back then. Settlements that began as farming communities for mainstream Orthodox Jews evolved over the years into centers for yeshivas, where many of the men wore black suits and hats and spent their days studying – signs of religious ultra-Orthodoxy. A small number went overboard and turned to violence.

Before we get into what to do about this, it’s important to note that the settlers might have been long gone by now if the Palestinians had accepted one of the US-backed peace deals Israel offered. In 2000 and 2008, the Palestinians could have had an independent state in nearly all of the West Bank and Gaza, with parts of Jerusalem as its capital. They turned down the offers, and now they are irrelevant.

They are irrelevant because in 2005, Israel evacuated the Gaza Strip, removing its soldiers and all 21 settlements. Instead of pursuing a peaceful, fruitful partnership with Israel, Gazans chose rule by Hamas terrorists, who fired thousands of rockets at Israel over the years and set off several wars.

Then, in what they call their crowning achievement, Hamas terrorists invaded southern Israel on Oct. 7, 2023, murdering 1,200 people, raping women, butchering children, and dragging 251 hostages, dead and alive, back into Gaza.

PA indoctrinates children with vitriolic hatred

Meanwhile, in the West Bank, the Palestinian Authority spent decades indoctrinating children with hatred of Israel, using textbooks containing maps that do not even show Israel’s existence while glorifying terrorists who murder Jews.

Nothing here is meant to excuse or justify atrocities by either side. But anyone who truly believes that a peaceful solution to this conflict can now be achieved simply through an Israeli withdrawal from the West Bank and the creation of a Palestinian state there is either ignorant of recent history or willfully blind to it. With its bloody Oct. 7 invasion, Hamas killed the two-state solution. One can still strive for it, but it is, at best, generations away.

In the meantime, what can be done about the growing number of Israeli settler extremists? There are several options:

Evacuate the extremist settlers and resettle them inside Israel. That is to say, forcibly remove violent settlers who know only the West Bank and its conflicts and plunk them down in, say, Tel Aviv. Even Israelis who favor that solution would say, “Not in my neighborhood.”

Decades ago, I suggested building a new city in the Galilee or the Negev and naming each neighborhood after a settlement that would be evacuated. The idea never gained traction. I’m putting it out there again.

An option: Ban convicted violent offenders from accessing the West Bank

Send in the Israeli army to take control of the entire West Bank, expelling the Palestinians to Jordan, Egypt, or the moon. That’s the extremists’ dream, but besides being political and diplomatic kryptonite, it can’t be done. Israel is already fighting wars on all its borders and far beyond them. Setting off a war to end all wars over the West Bank could bring about the end of Israel.

That leaves an unsatisfying but practical option: Evacuate the bogus “farms,” move the extremist settlers into established, defensible locations, and hunker down for a long struggle. Under such an arrangement, any person – Israeli or Palestinian – convicted of violence against a neighbor would be banned from the West Bank for life.

It’s not ideal, but it’s the best we can do for now.

Mark Lavie has been covering the Middle East for major news outlets since 1972. His second book, Why Are We Still Afraid?, which follows his five-decade career and comes to a surprising conclusion, is available on Amazon.

This post was originally published on here. 

Major album releases by some of the world’s biggest music stars are linked to an increase in fatal traffic crashes in the United States, according to a Harvard University study examining road deaths between 2017 and 2022.

Researchers analyzed 233,809 traffic fatalities during the six-year period and found that the rate of fatal crashes increased by 15.1% on days when major albums were released on streaming platforms. That translated into an additional 18 deaths on each such day.

“The number of traffic deaths was significantly higher on major music album release days than during the 10 days before and after,” the study found.

The researchers examined 10 prominent albums released in the United States between 2017 and 2022, including Taylor Swift’s Midnights, Harry Styles’s Harry’s House, and Drake’s Certified Lover Boy.

The musicians themselves are not to blame, of course. Rather, the findings provide further evidence of the effect that mobile phone use and listening to music can have in distracting drivers from the road.

Taylor Swift performs as her record-breaking The Eras Tour comes to an end with the first of her three concerts in Vancouver, British Columbia (credit: REUTERS)

Dr. Vishal Patel, one of the study’s authors, said the release of a new album could distract drivers because accessing music involves a search process rather than simply pressing a single button.

“You open your phone, open the app, find the song, read a song list, tap the right song. That’s several seconds of looking at the screen.”

Cars with Apple CarPlay had increase in crashes

Another surprising finding was that the increase in crashes was recorded, among other places, in cars equipped with Apple CarPlay connectivity. The system entered the market as early as 2016, ahead of Android Auto, and connects a mobile phone to a vehicle’s audio system. Such applications are generally considered tools that reduce risk by limiting the need to use a phone screen directly.

According to Patel, unfamiliar music may itself demand more attention from drivers. New songs are also often played at higher volume, he said, which can further weaken a driver’s connection to what is happening on the road.

The researchers’ recommendation is straightforward: If there is a passenger in the vehicle, let that person handle the music.

The advice, however, does not solve the problem for people driving alone, who may still be tempted to search for, select, or switch tracks while behind the wheel.

This post was originally published on here. 

Hapoel Beersheba came up short against Sabah FK late Tuesday night in agonizing fashion as it fell 5-2 (6-4 on aggregate) and was knocked out of UEFA Champions League contention in a dramatic clash in Azerbaijan.

The Southern Reds will drop down and play in the Europa League league stage as their Champions League dreams were dashed seconds before full-time.

With Ran Kozuk’s team holding on to a slim 4-3 aggregate lead late in the game, Tellur Mutallimov scored just ahead of the final whistle to send the clash into overtime, where Orphe Mbina’s goal and Joy-Lance Mickels’s insurance marker sent Sabah to the promised land and saw Beersheba’s dream come to a crashing conclusion.

Beersheba coach Kozuk spoke about the loss.

“I have to thank God for putting us in the position that we have been. I know an Israeli coach who lost the Champions League final [Avram Grant], and I also know that Hapoel Beersheba will come back even stronger from this. We all wanted to play in the Champions League, but we also have to understand that Sabah was a very good team and now we will play in a very good competition, the Europa League, which is an honor in itself.”

HAPOEL BEERSHEBA midfielder Niv Yehoshua (28) battles for possession during the Southern Reds’ hard-fought 1-0 victory over Red Star Belgrade in the first leg of UEFA Champions League third-round qualifying.  (credit: (Lior Moskovitz/Hapoel Beersheba))

‘We will stay together going forward’

Speaking about the game itself, Kozuk continued: “I don’t know what to say about [Djibril] Diop’s second yellow card; I’ll keep my mouth shut about that. But so many players really did a great job, and we will stay together going forward. We couldn’t create what we needed to in this game, but we changed formations in order to try and help us out. Ultimately, we didn’t deserve to advance, and Sabah did.”

Hapoel Beersheba captain Miguel Vitor spoke about the loss.

“I feel very bad; we had about 30 seconds to finish the game and qualify. I have no words for how I feel; these moments are very tough. These are moments that are hard to repeat, and there are a lot of things in my head that this would be the last chance to qualify. I feel bad for the entire organization. It’s tough for everybody. I don’t know what else to say.”

Beersheba came into Tuesday’s match nursing a 2-1 advantage from the first leg, and looked to take a quick lead in order to close in on a Champions League league stage spot. It almost did so in the second minute of the match when Igor Zlatanovic was left all alone in front of the goal, but his marker was ruled to be just offside. However, by the 10th minute Zlatanovic put home a Niv Yehoshua’s rebound to grab a 1-0 lead.

Sabah looked to draw even, but Beersheba ’keeper Ofir Marciano was up to the task with multiple saves. However, the Reds’ goalscorer Zlatanovic had to be substituted off due to an injury, and Muhammed Abu Romi entered the fray soon thereafter. As the hosts pushed for the equalizer in earnest, they finally found it via Christian Nwachukwu as the two sides headed into the break knotted up at 1-1 (3-2 on aggregate in favor of Beersheba).

Beersheba captain Vitor subbed out due to chest injury

Beersheba captain Vitor was subbed off at half time due to an injury to his chest, while Yehoshua tried to give Ran Kozuk’s squad breathing room as the second half began, with his screamer just clearing the bar.

At the other end, Mickels hit the woodwork, and Mwachukwu’s chance missed the target while Marciano made a miraculous kick save on Mickels as well.

But just as Sabah ’keeper Stas Pokalitov cleared the ball, he did so right to Guy Mizrachi, who calmly sent it right back and into the goal for a 2-1 Beersheba lead in the 61st minute. However, 10 minutes later, Saban caught the Southern Reds sleeping when Umarali Rakhmonaliev slotted the ball past Marciano to draw even at 2-2 in the match and pull to within 4-3 on aggregate.

As Beersheba desperately tried to hold on as the minutes ticked off the clock, they conceded again with just seconds left in regulation as Mutallimov slammed home a corner kick to help Sabah grab a 3-2 lead and 4-4 on aggregate to send the game into overtime.

Xander Severina had a point-blank chance that was just blocked by Marciano as the extra session began, while Mbina also had an incredible chance that was somehow saved.

But after Djibril Diop was issued a second yellow card for what seemed to be a phantom foul, which reduced Beersheba to 10 men, Mbina made the Israeli side pay with a stunning strike to give Sabah a 4-2 lead and 5-4 on aggregate.

Beersheba tried to get back into the game, but Mickels added an insurance marker while Peretz was sent off with a second yellow as Sabah kept it under control to close out the victory and drop the Israeli side to the Europa League.

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

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The IDF struck and destroyed a structure in the Jabalya area of the Gaza Strip that was used as an ambush position for Hamas terrorists and as a storage facility for various types of weapons on Tuesday, the military said on Wednesday.

The position was located approximately 50 meters from the Yellow Line, 70 meters from Kamal Adwan Hospital, and 170 meters from a school, the IDF said, calling it an example of Hamas’s systematic use of civilian and humanitarian infrastructure, contrary to both the ceasefire agreement and international law.

The structure was destroyed, and multiple terrorists were killed after they planned to attack IDF troops and began to rebuild Hamas‘s military capability from the structure.

Steps were taken to mitigate the risk to civilians, including the use of precise munitions and aerial surveillance, the IDF said.

Troops of the 401st Brigade operating in the Jabalya area in the northern Gaza Strip; illustrative. (credit: IDF SPOKESPERSON UNIT)

IDF, Shin Bet, conducted strikes to kill Hamas commander

This comes days after the IDF and Shin Bet (Israel Security Agency) killed the terrorist Ismail Abu Pul, commander of a weapons production site at Hamas’s production headquarters, who took part in producing charges and anti-tank missiles for the terror organization in a strike on the Al-Maghazi area in Gaza.

In addition, the same production site, which was established near an aid distribution point for an international organization, was attacked, the military said, calling it an example of Hamas’s systematic use of civilian infrastructure for the purpose of promoting and executing terrorist plots against IDF forces operating in the Yellow Line area and Israeli citizens. 

This post was originally published on here. 

China’s first multi-decade disruption to the U.S. market was easy to spot: exports of cheap clothes, furniture and electronics pouring in and the hollowing out of parts of the American manufacturing base. But the second is more subtle, comes with more ramifications for U.S. companies, and seems to have arrived.

“China Shock 2.0 is here,” Torsten Slok, chief economist at Apollo Global Management, wrote in a note on Friday. He argued that this time, China is increasingly exporting the kinds of products that advanced economies once expected to dominate domestically, namely: EVs, semiconductors and other high-tech goods.

China’s exports rose 24% in July, slowing slightly from the month before but propped up by increased demand for EVs and electronics, with high-tech exports surging nearly 41% in the January-July period from a year before, just as semiconductor exports doubled. 

This means that the concern for companies now isn’t just that China is manufacturing cheaper goods, but that it’s competing with the U.S. in higher-value industries. This could threaten American companies even as consumers are less exposed to Chinese products and tech because of tariffs. 

China Shock 1.0 was on Walmart shelves, and the new one is in tech

Slok is not alone. Federal Reserve economists penned a note in May with a similar “China Shock 2.0” theme, finding that the products driving China’s export boom changed from labor-intensive goods in the early 2000s to capital- and tech-intensive industries now. 

“Taken together, these elements suggest that “China Shock 2.0” is not simply a continuation of earlier trends, but a new phase of global trade integration,” they wrote. 

Slok himself referenced Brad Setser, a CFR senior fellow and former U.S. Trade Representative adviser widely credited with coining “China Shock 2.0.” Setser’s the one who first flagged that this round is different: China now controls the cutting-edge production itself, so there’s no cheaper country left to offshore to, and shrinking Chinese import demand means the export surplus just floods everyone else.

Electric vehicles are perhaps the clearest example. BYD surpassed Tesla as the world’s largest seller of fully electric vehicles in 2025, delivering 2.26 million battery-electric cars compared with Tesla’s 1.6 million. Ford CEO Jim Farley also called BYD the “best in the business” on cost, supply chains, manufacturing and IP.

What also distinguishes the second shock from the first is the new trade relationship China has with other countries. During China’s first export boom, Chinese factories often imported parts, assembled the finished product and shipped it abroad. This made it so that even as Chinese exports surged, manufacturers abroad could still benefit by supplying components.

Now, the Fed economists found that China is increasingly making those inputs itself, meaning that as China has exported more, it also began to import manufactured goods less. 

America may be insulated, but American companies are not

The U.S. has one advantage in dealing with this second wave: it has already built substantial barriers against many Chinese products.

BYD cars face a 100% tariff instated by the Biden administration and continued by Trump, keeping them from competing with American carmakers. Washington has also placed restrictions on Chinese products and technology across industries including chips, batteries and solar equipment.

While tariffs could leave American consumers and factories less directly exposed than their counterparts in other countries, American companies themselves still have to compete with China abroad. 

“U.S. companies need to be very cognizant of China Shock 2.0 and what it means for them as they’re trying to compete from a global perspective,” Kit Conklin, chief strategy and global affairs officer at Exiger, a third-party risk management company, told Fortune. “You’re going to have to have way more economic levers from the economic security toolkit than just tariffs.”

He singled out China’s “tidal wave” in foundational semiconductors—the less advanced chips used in almost every device with an off-switch, including cars, coffeemakers, medical devices and other consumer electronics. Conklin predicted growing Chinese capacity in those chips could put significant pressure on American and other Western semiconductor companies over the next two years. He also pointed to industrial robots and components used in AI data centers as areas where Chinese producers are becoming formidable competitors.

“China Shock 2.0 threatens the foundation of all manufacturing outside of China, so that’s what we’re competing against right now,” Conklin said.

The U.S.-China Economic and Security Review Commission warned that because of China Shock 2.0, China’s “incumbency” in emerging markets could be difficult for American companies to compete with on top of existing competition overseas and “can substantially erode profitability over time and constrain future investments in next-generation manufacturing equipment and R&D.” 

Conklin pointed to Germany as a warning of what could happen if Western manufacturers lose too much ground. Its auto industry has struggled with weakening demand in China, just as Chinese competitors are swallowing up Volkswagen’s lead in Latin America and Africa and even competing in its home turf in the EU. 

“What’s happening right now with Volkswagen should wake up every CEO and every elected official in every democracy around the world,” Conklin said. 

The concern that the U.S. is losing the manufacturing capacity needed to compete in strategically important industries is also no longer confined to Washington policy circles.

“We’re seeing this now in boardrooms,” Conklin told Fortune, recalling a recent conversation with a CEO who was asking many of the same questions about Chinese competition. “CEOs are thinking about this issue now.”

This story was originally featured on Fortune.com

This post was originally published here. 

This story about the July 2026 PCE inflation report will be updated with further details.

The Federal Reserve’s preferred inflation gauge rose slightly in July as the pace of price growth remained well above the central bank’s target ahead.

The Commerce Department on Wednesday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago and was up 3.7% on an annual basis in July. Both figures were hotter than the expectations of economists polled by LSEG, who projected readings of 0.1% and 3.6%, respectively.

Core PCE, which excludes volatile measurements of food and energy prices, was up 0.2% on a monthly basis and is 3.3% higher than last year. Both figures were in line with the estimate of the LSEG poll.

This post was originally published here. 

Good morning. Intuit closed fiscal 2026 with numbers that would make most software companies celebrate. But the company is entering fiscal 2027 with a different priority: rebuilding customer acquisition, even if that means sacrificing revenue growth in the near term.

For its fiscal fourth quarter, reported Tuesday, Intuit (No. 231 on the Fortune 500) posted revenue of $4.354 billion, ahead of Wall Street’s $4.268 billion estimate, with earnings per share of $4.03 versus the $3.58 analysts expected. That capped a fiscal year in which the company crossed $20 billion in annual revenue for the first time, beating guidance and consensus across every metric.

The growth engine was Intuit’s “Big Bets”—Assisted Tax, Money and Mid-Market—which collectively grew 34% and now account for 30% of total revenue. Yet investors focused less on what Intuit accomplished than on what comes next. Shares closed down 3.37% at $357.46, then fell roughly 9% more in after-hours trading to $323.94 after Intuit issued fiscal 2027 guidance calling for revenue of $23.28 billion to $23.51 billion, below Wall Street’s $23.72 billion estimate.

The paradox: Intuit is deliberately accepting a near-term hit to revenue per customer in one of its biggest businesses in exchange for something it believes matters more over time—faster customer growth. The company attributed the expected deceleration to a projected decline in the Desktop ecosystem, softness at Mailchimp, and a decision to accept lower average revenue per customer in TurboTax upfront to accelerate acquisition.

CEO Sasan Goodarzi framed the guidance cut as a strategic reset. “I’m resetting expectations for the company because this is the perfect time to do it, where we can play offense,” he told analysts. Goodarzi pointed to two priorities: continuing to scale the Big Bets, which he expects to remain Intuit’s fastest-growing businesses, while reaccelerating new-customer acquisition—a muscle he acknowledged had atrophied as Intuit built out its agentic “financial intelligence layer” platform.

“We’re really doubling down in core areas where I’m personally dissatisfied and hold myself accountable for the lack of performance, which is DIY tax, and on the low end in the business group,” he said.

Years ago, he noted, TurboTax grew customers at double-digit rates, and the business group grew customers north of 20%. Intuit believes it can invest in its fastest-growing businesses while rebuilding the customer-acquisition engine in its core franchises.

AI with context

In my conversation with CFO Sandeep Aujla, he described the strategy as a “reset to reaccelerate,” calling fiscal 2026 “a testament to our strategy” while acknowledging the pivot ahead. “At a $20 billion-plus scale, we have to be able to do both,” Aujla said.

That extends to AI. Intuit believes its expanding AI capabilities can help defend its core businesses against generalized AI tools. Aujla pointed to Intuit Intelligent Chat for mid-market businesses as an example. The company’s argument: AI alone isn’t the differentiator; the advantage comes from combining AI with the domain expertise embedded in Intuit’s existing workflows. In highly regulated, high-stakes areas, customers need more than a general-purpose AI model.

A generalized LLM might answer a business question, but Intuit wants to be the system that understands the context behind it, he said.

In fiscal 2027, Intuit is predicting slower growth while it spends to acquire customers, betting it can generate more value over time. If it sacrifices revenue per customer today, it needs to show customer growth accelerating enough to make up the difference. Aujla said the company is prepared to keep investing for that outcome.

Sheryl Estrada
Sheryl.Estrada@fortune.com

This story was originally featured on Fortune.com

This post was originally published here. 

Bath & Body Works nearly doubled its quarterly profit and raised its earnings forecast for the year, but the numbers reveal a divided picture: the retailer is making more money while customers are spending less.

The company earned $118 million during its fiscal second quarter, up from $64 million during the same period last year. Earnings increased to 58 cents a share from 30 cents, while adjusted earnings reached 62 cents a share—far exceeding the 24 cents analysts expected.

Sales, however, declined 2.3% to $1.51 billion. Weak traffic at physical stores continued to pressure the business as consumers remained cautious about discretionary purchases such as candles, fragrances, soaps and body-care products.

A substantial tariff refund helped produce the sharp increase in earnings. Bath & Body Works received approximately $80 million in tariff refunds during the quarter. Without that benefit, adjusted earnings would have been approximately 31 cents a share—still ahead of analysts’ expectations, but only half the reported amount.

Operating income rose to $216 million from $157 million a year earlier, showing that the company also benefited from tighter cost controls and efforts to simplify its operations.

Bath & Body Works raised its full-year adjusted earnings forecast to between $2.60 and $2.80 a share, up from its previous projection of $2.40 to $2.65. Reported earnings are now expected to reach $3.13 to $3.33 a share, compared with the earlier range of $3 to $3.25.

The company also increased its expected free cash flow to approximately $650 million from $600 million.

The improved profit forecast does not mean Bath & Body Works expects sales to return to growth this year. The retailer now projects annual revenue will decline between 2.5% and 4%. That is only a modest improvement from its previous forecast for a decline of between 2.5% and 4.5%.

The company is working to become less dependent on shoppers visiting its traditional stores. Its products are now available through Amazon and Ulta Beauty, in addition to its own website, more than 1,900 stores in the United States and Canada and over 550 international locations.

Digital sales grew during the quarter, providing one of the clearest signs of progress. Bath & Body Works has been improving its online shopping experience, refreshing its brand, introducing new products and expanding distribution to reach customers who may no longer visit malls as frequently.

Chief Executive Daniel Heaf said the quarterly results exceeded the company’s sales and earnings expectations and showed progress in its broader transformation. The strategy is intended to turn Bath & Body Works from a store-centered specialty retailer into a brand that can sell through multiple physical and digital channels.

The immediate outlook remains difficult. For the third quarter, the company expects sales to decline between 2.5% and 5%. Adjusted earnings are projected at only 7 cents to 12 cents a share, down sharply from 35 cents during the comparable period last year.

That forecast matters because it shows the turnaround is not yet complete. Bath & Body Works has improved profitability, generated more cash and benefited from tariff refunds, but it has not solved its central challenge: attracting more shoppers and restoring consistent sales growth.

The fall and holiday seasons will provide the company’s most important test. Candles, fragrances and gift sets traditionally become stronger sellers during that period. If customer demand improves, Bath & Body Works could begin turning its financial progress into a broader retail recovery. If sales remain weak, the company’s higher earnings will continue to depend heavily on cost controls and benefits that may not be repeated.

JBizNews Desk | Columbus, Ohio

© JBizNews.com. All rights reserved. This article is original reporting by JBizNews Desk. Unauthorized reproduction or redistribution is strictly prohibited.

President Trump is preparing to retaliate against Canada after Ottawa announced new tariffs on nearly $20 billion in American goods.

The United States could respond with higher tariffs and other trade measures, according to a White House official. The administration has not yet disclosed what products could be targeted or when Trump will act.

The danger is a rapidly escalating cycle: Washington taxes Canadian products, Canada taxes American products, and Trump responds with still more tariffs. Businesses pay those charges at the border, but much of the cost can eventually reach families through higher prices.

Canada’s retaliation begins Sept. 8. Its new tariffs range from 15% to 50% and cover more than 700 American-made products, including steel, aluminum, milk, furniture, clothing, smartphones and video-game consoles.

Ottawa is also providing $7.5 billion in assistance to Canadian businesses and workers affected by the trade fight.

Trump already has another major escalation planned for Jan. 1, when he says tariffs on Canadian cars, trucks and automobile parts will double from 25% to 50%.

That could add thousands of dollars to the cost of some vehicles.

Take a $40,000 Canadian-built car containing $20,000 in American parts. If only its $20,000 in non-American content is taxed, the current 25% tariff equals $5,000. At 50%, it becomes $10,000.

The buyer may not pay that entire amount directly. Automakers, suppliers and dealerships could absorb portions of it. But the cost will still appear somewhere — through higher prices, smaller discounts, reduced production or lost jobs.

Trump announced the planned increase after accusing Canada of imposing excessive tariffs on American farmers and pointing to what he described as a $60 billion trade deficit.

“Not sustainable, and NOT ANYMORE!” Trump wrote, urging automakers to move production into the United States.

But North American manufacturing is deeply connected. Vehicle parts can cross the U.S.-Canada border several times before a car is completed. An American factory may therefore pay more for Canadian components even when the finished vehicle is assembled in the United States.

The two countries had been close to an agreement. Washington offered to reduce tariffs on Canadian steel, aluminum, automobiles and lumber. In return, it demanded greater access to Canada’s protected dairy market, the reopening of provincial liquor shelves to American products and changes to Canadian trade and media rules.

The negotiations collapsed after Canada said the United States introduced last-minute demands affecting Canadian sovereignty. U.S. Trade Representative Jamieson Greer said Canada simply demanded more than Washington would accept.

Now both governments are increasing the pressure.

For Trump, the tariffs are leverage intended to protect American farmers and bring manufacturing into the United States. For consumers and businesses, however, the immediate reality is simpler: everything from vehicles and building materials to electronics and groceries could become more expensive.

Canada’s tariffs take effect Sept. 8. Trump’s doubled auto tariffs are scheduled for Jan. 1. His next move could come much sooner.

JBizNews Desk | Washington, D.C.

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

Alex Karp isn’t crazy, and he isn’t just talking his book. On July 1, the Palantir CEO went on CNBC and asked the right questions about model providers: who owns the data, where is it cached, is anything transferred back to the provider. Too many people focused on his style and missed his point – they are stealing your alpha.

OpenAI and Anthropic tell commercial customers they will not train on their data. After I recently moved my company off Anthropic, following a Supply-Chain Risk designation, I read the actual agreements and found a hole big enough to drive the entire AI industry through.

The OpenAI Services Agreement says: “OpenAI will not use Customer Content to develop or improve the Services, unless Customer explicitly agrees to such use.” Reasonable, until you check the definitions. “Customer Content” means the Input and the Output. “Input” is what the customer sends the model. “Output” is what comes back based on the Input. Here’s why that’s vaguer than it sounds.

The hidden tokens

Early large language models generated answers token by token without scaling their effort to the difficulty of the question. Humans don’t work that way. Ask someone what 2 + 2 is and they’ll answer instantly. Ask them to plan a family reunion, and they’ll think it over first.

Newer reasoning models do the same thing, spending computation on intermediate steps before returning a final answer, breaking a hard question into parts and working through each one. That intermediate reasoning produces real data on the way to the final output, which raises the question: is it actually capital-O Output, legally? Nothing in these agreements says so.

Who owns what

The definitions matter because another clause ties ownership directly to them. OpenAI’s agreement states that the customer “retains all ownership rights in Input” and “owns all Output,” with OpenAI assigning its interest in Output to the customer.

Picture handing a consultant your confidential financial forecast and asking for next year’s headcount budget. The consultant reasons by filling a notebook with calculations, then hands you a one-sentence answer, and keeps the notebook. Your contract with the consultant covers the question and the answer. It says nothing about the notebook.

That’s what happens every time you use a reasoning model. It generates intermediate reasoning tokens before returning a final answer: a digital scratchpad of facts pulled from your prompt, intermediate conclusions, and newly derived insights about your business. The labs know it’s valuable. OpenAI has said it hides raw chains of thought for reasons that include safety, user experience, and competitive advantage. Anthropic bills customers for full internal thinking even when none of it is ever shown to them.

So you pay for the production of this data. You never see it. And no one will say whether it’s legally yours. OpenAI’s no-training promise covers Input and Output, but the notebook fits neither definition. If reasoning tokens are Output, say so, and extend the protections to cover them. If they’re not, OpenAI has created a third category of data its agreement never defines and never protects.

Anthropic has the same problem. Its API bills for reasoning tokens that never appear in the visible response, and returns the raw reasoning encrypted, so only Anthropic can decode it. So do you own it? This isn’t a drafting oversight. It’s a convenient ambiguity, given how much this data is worth.

Distillation proves the notebook is valuable

The labs can’t dismiss reasoning tokens as meaningless computational exhaust. Their own conduct proves otherwise. Anthropic says DeepSeek, Moonshot, and MiniMax generated more than 16 million Claude exchanges to help train competing models, calling it industrial-scale distillation, a shortcut to capabilities that would otherwise take enormous time and money to build. Labs protect outputs aggressively because outputs transfer intelligence, and raw reasoning tokens are an even richer record of how a model reaches an answer. When OpenAI launched o1, it said this directly:

“After weighing multiple factors including… competitive advantage… we have decided not to show the raw chains of thought to users.”

They want it both ways: bill you for the reasoning, hide it because it’s strategically valuable, and decline to say whether it’s legally your Output.

The fair use playbook

The double standard is hard to miss. This industry was built on the argument that a company can ingest someone else’s protected work, transform it through training, and own the resulting asset. Apply that logic to your enterprise data. You provide confidential material as Input. The model transforms it into reasoning tokens that aren’t identical to your Input but are valuable, newly generated material derived from it. Why would anyone expect the labs to resolve that gray area against their own interests?

As Karp put it, “the jig is up.” You don’t own your alpha. The guy everyone called erratic was trying to tell you. Even Zero Data Retention doesn’t close the gap: both OpenAI and Anthropic offer it, but it requires separate approval and doesn’t guarantee reasoning data gets discarded rather than retained. If not keeping your data takes a special request, retention is the default for a reason.

Which is it?

I expect intermediate reasoning tokens to be assigned to me, the same way I’d want my own notebook back. I may need to reason from it again. The labs haven’t clearly assigned those rights, because doing so means giving up the value. And if reasoning tokens aren’t Customer Content, it’s entirely possible they’re being used to train the next model. Nothing in the labs’ conduct gives me confidence otherwise.

Sam Altman and Dario Amodei can resolve this in a sentence each. Until they do, Karp was right. You own the prompt. You own the answer. They keep the notebook.

Adam Fish is the CEO and co-founder of Ditto, an edge data platform built for unstoppable operations. Its peer-to-peer sync technology keeps applications running with no cloud dependency, in U.S. defense programs including Special Operations Command and for commercial brands like Chick-fil-A.

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

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US Senate Democrats on Wednesday urged Prime Minister Benjamin Netanyahu to rein in a “surge” of violence by West Bank settlers and mass arrests of Palestinians by Israeli security forces in the occupied territory.

In the letter to Netanyahu, seen by Reuters and signed by 42 of the Senate’s 47-member Democratic caucus, the lawmakers noted increasing levels of “fatal violence by settlers.”

They also appealed to Israel’s leader to step up investigations into the deaths of nine American citizens they said have been killed by settlers or security forces in the West Bank since 2022.

The “significant surge” of violence in recent weeks has resulted in “a large-scale response by Israeli security forces, mass arrests of Palestinians, and reported attacks by settlers on mosques,” the letter stated.

The letter marks the latest sign of growing friction between Democrats in Congress and the Israeli government over its handling of the West Bank, with many in the party also calling for curbs on US military aid to Israel over its conduct of the war in Gaza.

View of a burnt Palestinian car after it was set on fire by settlers during a settler attack on the town of BeitFurik, east of Nablus in the West Bank; Illustrative. (credit: NASSER ISHTAYEH/FLASH90)

Senators led by Schumer urge Netanyahu to issue clear instructions to police, IDF

It was drafted by Senator Adam Schiff of California, Democratic Leader Chuck Schumer of New York – long one of Israel’s most prominent supporters in Congress – and Senator Cory Booker of New Jersey.

Last week, an Israeli man guarding a group of Jewish settlers walked onto Palestinian land and opened fire toward civilians, killing a 17-year-old and a 70-year-old man, officials said.

The senators urged Netanyahu to issue clear instructions to Israeli police and military to prevent and intervene in violent West Bank confrontations “regardless of the perpetrators.”

Rights groups have repeatedly documented how Israeli forces are slow to respond to settler violence in Palestinian communities – or stand by as attacks are carried out.

Israeli officials have said authorities, including the president and prime minister, have repeatedly condemned violence against Palestinians.

The letter also called on the Israeli government to stop approving additional settlements and construction of “illegal outposts in the West Bank” and to take steps to remove existing outposts.

Democrats grow increasingly critical of Israel

Democrats in Congress and many of the party’s candidates running in this year’s midterm elections have become increasingly critical of Netanyahu and his government in the wake of Israel’s war in Gaza.

Amid a flagging US-brokered peace deal in Gaza and escalating settler violence in the West Bank, many Democrats have called for either significantly curtailing – or completely shutting off – billions of dollars in annual US military aid to Israel. 

President Donald Trump has said little about the situation in the West Bank. His ambassador to Israel, Mike Huckabee, has denounced militant settlers as “Israeli terrorists” and told Reuters this month that those responsible for besieging the Palestinian village of Kusra could face US sanctions.

This post was originally published on here. 

Good morning. On Fortune’s radar today:

  • Bill Gates says the world is unprepared for AI’s risks: “There is no plan.”
  • There is a deal to reopen the Strait of Hormuz, but Trump is silent so far.
  • Markets: Nvidia, Nvidia, Nvidia.
  • No, the U.S. can’t grow its way out of the national debt, experts say.
  • Increased productivity from AI is refusing to show up.
  • The insane price of decorating a college dorm room.

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OpenAI’s CRO position has been in flux for, well, years.

The most recent change came as Denise Dresser, former CEO of Slack, unexpectedly stepped away after less than a year on the job—or so she said on LinkedIn. My colleague Emily Forlini’s sources suggest OpenAI decided to let her go, its fifth C-suite shakeup in the past year, and take the position in a different direction as it races to the public markets in 2027 (apparently lagging behind Anthropic).

We didn’t expect OpenAI to hire Dali Rajic, previously president and COO at Wiz. Though he keeps a low public profile, Rajic, 53, has earned a reputation as one of the most disciplined, successful enterprise sales leaders in tech. He will play a key part in the IPO. This week, Fortune published a profile on Rajic. Here’s what he’s like, as my colleague Emily Forlini writes: 

“Rajic is disciplined, blunt, and intellectual, according to four people who have worked with him previously, two of whom requested anonymity to speak freely about the increasingly influential Silicon Valley figure. Rajic declined to comment for this piece, but confirmed the accuracy of the details included here.

Rajic was born in Yugoslavia, in an area which is now Croatia, and moved to Germany when he was one year old. Growing up, he always dreamed of coming to America, and moved to the U.S. at age 16 for his last years of high school, he said on a 2022 episode of the Grit podcast. He then attended California State Polytechnic University, Pomona for undergrad, followed by an MBA from Northwestern University’s Kellogg School of Management.

“He is one of the most intense people you will ever meet,” one former friend and colleague of Rajic’s tells Fortune. “We would call him the Croatian Sensation. I remember we would get breakfast, and his version of breakfast was on our way to a meeting would grab two hard-boiled eggs at Starbucks, stuff them in his mouth, and be like, ‘That’s breakfast. Let’s go.’”

That good-to-go instinct will likely be vital for Rajic (and OpenAI) in the coming months, as he tries his hand at a seminal, revolving-door job. As Emily writes: 

“It’ll be interesting to see if Dali is there in 12 or 18 months, or if he will burn out like so many other people do at OpenAI,” one source tells Fortune. “That’s the open question.”

And the answer, with the public markets near, matters more than ever. Read more about Rajic here. 

See you tomorrow,

Allie Garfinkle
X:
@agarfinks
Email: alexandra.garfinkle@fortune.com

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This post was originally published here. 

OpenAI’s CRO position has been in flux for, well, years.

The most recent change came as Denise Dresser, former CEO of Slack, unexpectedly stepped away after less than a year on the job—or so she said on LinkedIn. My colleague Emily Forlini’s sources suggest OpenAI decided to let her go, its fifth C-suite shakeup in the past year, and take the position in a different direction as it races to the public markets in 2027 (apparently lagging behind Anthropic).

We didn’t expect OpenAI to hire Dali Rajic, previously president and COO at Wiz. Though he keeps a low public profile, Rajic, 53, has earned a reputation as one of the most disciplined, successful enterprise sales leaders in tech. He will play a key part in the IPO. This week, Fortune published a profile on Rajic. Here’s what he’s like, as my colleague Emily Forlini writes: 

“Rajic is disciplined, blunt, and intellectual, according to four people who have worked with him previously, two of whom requested anonymity to speak freely about the increasingly influential Silicon Valley figure. Rajic declined to comment for this piece, but confirmed the accuracy of the details included here.

Rajic was born in Yugoslavia, in an area which is now Croatia, and moved to Germany when he was one year old. Growing up, he always dreamed of coming to America, and moved to the U.S. at age 16 for his last years of high school, he said on a 2022 episode of the Grit podcast. He then attended California State Polytechnic University, Pomona for undergrad, followed by an MBA from Northwestern University’s Kellogg School of Management.

“He is one of the most intense people you will ever meet,” one former friend and colleague of Rajic’s tells Fortune. “We would call him the Croatian Sensation. I remember we would get breakfast, and his version of breakfast was on our way to a meeting would grab two hard-boiled eggs at Starbucks, stuff them in his mouth, and be like, ‘That’s breakfast. Let’s go.’”

That good-to-go instinct will likely be vital for Rajic (and OpenAI) in the coming months, as he tries his hand at a seminal, revolving-door job. As Emily writes: 

“It’ll be interesting to see if Dali is there in 12 or 18 months, or if he will burn out like so many other people do at OpenAI,” one source tells Fortune. “That’s the open question.”

And the answer, with the public markets near, matters more than ever. Read more about Rajic here. 

See you tomorrow,

Allie Garfinkle
X:
@agarfinks
Email: alexandra.garfinkle@fortune.com

Submit a deal for the Term Sheet newsletter here.

Joey Abrams curated the deals section of today’s newsletter. Subscribe here.

This story was originally featured on Fortune.com

This post was originally published here. 

Music crosses borders between cultures, communities, and strangers. Our rave culture was founded on the belief that everyone belonged; that all were welcome, safe, and celebrated. Until, on a Saturday morning, a specific border was crossed that would bring the pulse of music and its uniting values to a hard stop.

If DEI ever mattered as much as I believed it did in the music industry and rave culture, 7 October 2023 would become a rude awakening.

For nearly twenty years, I worked in an industry that came of age alongside some of the most impactful social and political shifts of my generation. I was part of movements like #MeToo and BLM as they took the stage, grabbed the mic, and demanded that long-standing wrongs be confronted.

We were building, or so I believed at the time, a new social contract: protect one another, respect one another, and never tolerate in our scene what we would not accept for ourselves.

I drank the Kool-Aid. I believed in diversity. I believed in safe spaces. And, perhaps most importantly, I believed in zero tolerance for sexual violence on the dance floor.

People gather at the former site of the Nova music festival to commemorate the 2nd anniversary of the Oct. 7 attacks on October 7, 2025 in Re'im, Israel. (credit: Chris McGrath/Getty Images)

Sexual violence does not belong on the dance floor, or anywhere else

Around the time of Eric Morillo’s death, an American DJ who had taken a fatal overdose three days before he was due in court for rape charges, I had authored a code of conduct as a pro bono researcher for an industry-leading trade body: a document its members would adopt, addressing gender discrimination and sexual violence in the music industry and rave scene.

The code gained significant attention and press coverage, including from the BBC, due to its relevant timing. And rightly so. Sexual violence does not belong on the dance floor, or anywhere else.

At the time, I felt proud to be part of that change. I believed I was contributing to something bigger: an industry willing to confront its own failings and create a safer and more equitable culture- perhaps even a voice of resistance.

We were tastemakers. We shaped conversations and conventions and moved society in directions that politics sometimes struggled to impact. For better or worse, I believed this music culture was a pioneer of social change.

It was righteous. However, I began to see that the principles we worked so hard to establish were not universal. They extended only to those deemed worthy of them – those who passed the unspoken test of our industry’s court of public opinion.

October 7 should have been the day on which those principles became uncomplicated. A music festival had become a killing field.

Young people who had gone to dance were raped, murdered, kidnapped and hunted while fleeing.

‘Solidarity with the Palestinian struggle’ posted as Oct. 7 unraveled

Yet, before the Nova Festival had even finished counting its dead, the cultural sorting had already begun. On October 8, while the scale of the massacre was still emerging, Kneecap posted its ‘Solidarity with the Palestinian struggle’ across its socials, with a fist emoji.

First, I bore witness to the music industry turning its back on its own DEI values in favor of ideological purity tests, exclusionary of those not approved of, selective boycotts in the name of selective social justice, and perhaps inevitably the trend developed into straight-up discrimination under the rule of law.

Let us sit with the following thought experiment for a moment and ask ourselves where political expression ends, and political conformity as a condition of cultural participation, begins.

After the cruelest and deadliest (sexual-) violence at a rave, that distinction became painfully clear.

American pop singer Kehlani declared ‘Fuck Israel, fuck Zionism’, while her “Next 2 U” video opened with ‘Long Live the Intifada’. At the 2024 Rolling Stone UK Awards, Fontaines DC guitarist Carlos O’Connell collected the Album Award and used his acceptance speech to say ‘Fuck Netanyahu and fuck Zionism’. Rolling Stone UK not only reported what happened on its stage; it subsequently published the hate speech as part of its own awards coverage, as if these were astounding words of heroism and inspiration.

Then came Glastonbury. In 2025, Bob Vylan stood before one of the world’s most famous festival audiences and led the crowd in chants of ‘Death, death to the IDF’. The BBC streamed the performance live on national tv. It later concluded that the broadcasting breached its editorial standards on harm and offense. Vylan later told Louis Theroux in a podcast that BBC employees had congratulated the band backstage, telling him it ‘was fantastic’ and they [the BBC] ‘loved it!’.

When ‘Fuck Zionism’ becomes an awards acceptance speech subsequently amplified by the institution handing out the award, and a death chant is broadcast by a national broadcaster whose employees apparently congratulated him backstage, the question becomes not only what artists are saying, but what cultural institutions have learned to tolerate, amplify and even celebrate.

Foundation of rave culture: Radical inclusion

Call it the rave scene, or dance, or culture; its foundational mythology was essentially: radical inclusion.

House and techno developed through marginalized communities, until house and techno itself was marginalizing communities. The festival conference Sonar in Barcelona, and the LGBTQ festival in Amsterdam, Milkshake, were two of the many events where artists pulled out of the event lineup because the event was somehow connected to a Zionist investor and thus immediately complicit in the only ‘genocide relevant enough’.

By 2024, this movement was effectively policing the ideological purity of its own infrastructure. Apparently, radical inclusion does not apply when artists or company ownership are born in one specific country or belong to one specific marginalized race.

Peace-building musical collabs such as Jonny Greenwood and Dudu Tassa’s Arabic show, Jarak Qaribak (“Your Neighborhood is Your Friend”), were canceled as a result of the BDS Movement. The project involved musicians from Syria, Lebanon, Kuwait, and Iraq – the kind of cross-collabs generally praised by the arts & culture.

While peace-building performances become unacceptable, shouting hate speech and antisemitic libels through a mic when accepting an award on stage becomes celebrated as an act of cool resistance; what is being contributed to these foundational DEI values of the music industry? Because where does political accountability end and collective punishment of a people as a whole begin?

By 2025, over 400 musicians had joined a geo-block boycott to make their music unavailable in Israel, calling their campaign ‘No Music for Genocide’. The name itself invites an uncomfortable 

question. If No Music for Genocide is really a principle rather than a geographical preference, where were the comparable mass geo-blocking campaigns and cultural boycotts as Sudan or Iran descended into mass atrocity?

Challenging their objective, I posted a few very politically correct words on my LinkedIn, the point of which was ‘Boycotting musicians and fans in Israel will not free Palestine’.

Exclusion, hate, and polarization didn’t really seem like the way to go for me as a music executive who believed in dialogue and listening to each other.

I’d lead my own panel for five years at Amsterdam Dance Event on the subject of DEI, so I believed in ‘talking about the hard stuff’. Then followed the wave of hate, antisemitic libels, and threats from industry professionals employed by major labels, publicly traded tech companies, and places of work with codes of conduct specifically prohibiting them from publicly attacking ‘fellow colleagues’.

‘I believed… safety, dignity, inclusion applied to everyone’

The proof remained, indeed, in the pudding.

I believed that the principles we spent years building – safety, dignity, and inclusion – applied to everyone.

Radical inclusion, it seemed, had added an exception: it did not apply to people born in a particular country, or to Jews and Israelis. A counterculture that once challenged the boundaries of society was now policing the ideological boundaries of its own. Glorifying terror under the banner of DEI was dubbed ‘resistance’.

DEI’s own conviction of righteousness and one-sidedness expanded rapidly, well organized, and well funded. By then, the contradiction became impossible to ignore.

And perhaps Damon Albarn provides the simplest counterexample. Albarn has hardly been silent about Palestinian suffering or his criticism of Israel. Yet after Bob Vylan’s Glastonbury performance, he called the episode a ‘spectacular misfire’ and spoke instead about wanting to work with musicians in both Palestine and Israel.

It really should not be revolutionary to suggest that one can advocate for Palestinians without demanding the cultural exclusion of Israelis. Isn’t this exactly what music was supposed to be for?

What started as an industry-wide commitment to safety had developed into ideological gatekeeping: diversity but under political uniformity. Inclusion, except when the artist was born in Israel.

Freedom of expression, unless the expression comes from Boy George or another ‘wrong person’. And #MeToo, except if you were a girl dancing at 6:29 a.m. at the Nova festival.

To quote a house classic: If music is the answer, the answer cannot be less cultural contact. It has to be more. Because when we try to make music morally pure, we destroy precisely the thing that made it morally valuable: its ability to bring together people who would otherwise never meet. 

The writer, Sarah Hildering, is a former music executive at Universal Music Group, author of Code of Conduct, and former DEI lead at the Association for Electronic Music.

This post was originally published on here. 

Music crosses borders between cultures, communities, and strangers. Our rave culture was founded on the belief that everyone belonged; that all were welcome, safe, and celebrated. Until, on a Saturday morning, a specific border was crossed that would bring the pulse of music and its uniting values to a hard stop.

If DEI ever mattered as much as I believed it did in the music industry and rave culture, 7 October 2023 would become a rude awakening.

For nearly twenty years, I worked in an industry that came of age alongside some of the most impactful social and political shifts of my generation. I was part of movements like #MeToo and BLM as they took the stage, grabbed the mic, and demanded that long-standing wrongs be confronted.

We were building, or so I believed at the time, a new social contract: protect one another, respect one another, and never tolerate in our scene what we would not accept for ourselves.

I drank the Kool-Aid. I believed in diversity. I believed in safe spaces. And, perhaps most importantly, I believed in zero tolerance for sexual violence on the dance floor.

People gather at the former site of the Nova music festival to commemorate the 2nd anniversary of the Oct. 7 attacks on October 7, 2025 in Re'im, Israel. (credit: Chris McGrath/Getty Images)

Sexual violence does not belong on the dance floor, or anywhere else

Around the time of Eric Morillo’s death, an American DJ who had taken a fatal overdose three days before he was due in court for rape charges, I had authored a code of conduct as a pro bono researcher for an industry-leading trade body: a document its members would adopt, addressing gender discrimination and sexual violence in the music industry and rave scene.

The code gained significant attention and press coverage, including from the BBC, due to its relevant timing. And rightly so. Sexual violence does not belong on the dance floor, or anywhere else.

At the time, I felt proud to be part of that change. I believed I was contributing to something bigger: an industry willing to confront its own failings and create a safer and more equitable culture- perhaps even a voice of resistance.

We were tastemakers. We shaped conversations and conventions and moved society in directions that politics sometimes struggled to impact. For better or worse, I believed this music culture was a pioneer of social change.

It was righteous. However, I began to see that the principles we worked so hard to establish were not universal. They extended only to those deemed worthy of them – those who passed the unspoken test of our industry’s court of public opinion.

October 7 should have been the day on which those principles became uncomplicated. A music festival had become a killing field.

Young people who had gone to dance were raped, murdered, kidnapped and hunted while fleeing.

‘Solidarity with the Palestinian struggle’ posted as Oct. 7 unraveled

Yet, before the Nova Festival had even finished counting its dead, the cultural sorting had already begun. On October 8, while the scale of the massacre was still emerging, Kneecap posted its ‘Solidarity with the Palestinian struggle’ across its socials, with a fist emoji.

First, I bore witness to the music industry turning its back on its own DEI values in favor of ideological purity tests, exclusionary of those not approved of, selective boycotts in the name of selective social justice, and perhaps inevitably the trend developed into straight-up discrimination under the rule of law.

Let us sit with the following thought experiment for a moment and ask ourselves where political expression ends, and political conformity as a condition of cultural participation, begins.

After the cruelest and deadliest (sexual-) violence at a rave, that distinction became painfully clear.

American pop singer Kehlani declared ‘Fuck Israel, fuck Zionism’, while her “Next 2 U” video opened with ‘Long Live the Intifada’. At the 2024 Rolling Stone UK Awards, Fontaines DC guitarist Carlos O’Connell collected the Album Award and used his acceptance speech to say ‘Fuck Netanyahu and fuck Zionism’. Rolling Stone UK not only reported what happened on its stage; it subsequently published the hate speech as part of its own awards coverage, as if these were astounding words of heroism and inspiration.

Then came Glastonbury. In 2025, Bob Vylan stood before one of the world’s most famous festival audiences and led the crowd in chants of ‘Death, death to the IDF’. The BBC streamed the performance live on national tv. It later concluded that the broadcasting breached its editorial standards on harm and offense. Vylan later told Louis Theroux in a podcast that BBC employees had congratulated the band backstage, telling him it ‘was fantastic’ and they [the BBC] ‘loved it!’.

When ‘Fuck Zionism’ becomes an awards acceptance speech subsequently amplified by the institution handing out the award, and a death chant is broadcast by a national broadcaster whose employees apparently congratulated him backstage, the question becomes not only what artists are saying, but what cultural institutions have learned to tolerate, amplify and even celebrate.

Foundation of rave culture: Radical inclusion

Call it the rave scene, or dance, or culture; its foundational mythology was essentially: radical inclusion.

House and techno developed through marginalized communities, until house and techno itself was marginalizing communities. The festival conference Sonar in Barcelona, and the LGBTQ festival in Amsterdam, Milkshake, were two of the many events where artists pulled out of the event lineup because the event was somehow connected to a Zionist investor and thus immediately complicit in the only ‘genocide relevant enough’.

By 2024, this movement was effectively policing the ideological purity of its own infrastructure. Apparently, radical inclusion does not apply when artists or company ownership are born in one specific country or belong to one specific marginalized race.

Peace-building musical collabs such as Jonny Greenwood and Dudu Tassa’s Arabic show, Jarak Qaribak (“Your Neighborhood is Your Friend”), were canceled as a result of the BDS Movement. The project involved musicians from Syria, Lebanon, Kuwait, and Iraq – the kind of cross-collabs generally praised by the arts & culture.

While peace-building performances become unacceptable, shouting hate speech and antisemitic libels through a mic when accepting an award on stage becomes celebrated as an act of cool resistance; what is being contributed to these foundational DEI values of the music industry? Because where does political accountability end and collective punishment of a people as a whole begin?

By 2025, over 400 musicians had joined a geo-block boycott to make their music unavailable in Israel, calling their campaign ‘No Music for Genocide’. The name itself invites an uncomfortable 

question. If No Music for Genocide is really a principle rather than a geographical preference, where were the comparable mass geo-blocking campaigns and cultural boycotts as Sudan or Iran descended into mass atrocity?

Challenging their objective, I posted a few very politically correct words on my LinkedIn, the point of which was ‘Boycotting musicians and fans in Israel will not free Palestine’.

Exclusion, hate, and polarization didn’t really seem like the way to go for me as a music executive who believed in dialogue and listening to each other.

I’d lead my own panel for five years at Amsterdam Dance Event on the subject of DEI, so I believed in ‘talking about the hard stuff’. Then followed the wave of hate, antisemitic libels, and threats from industry professionals employed by major labels, publicly traded tech companies, and places of work with codes of conduct specifically prohibiting them from publicly attacking ‘fellow colleagues’.

‘I believed… safety, dignity, inclusion applied to everyone’

The proof remained, indeed, in the pudding.

I believed that the principles we spent years building – safety, dignity, and inclusion – applied to everyone.

Radical inclusion, it seemed, had added an exception: it did not apply to people born in a particular country, or to Jews and Israelis. A counterculture that once challenged the boundaries of society was now policing the ideological boundaries of its own. Glorifying terror under the banner of DEI was dubbed ‘resistance’.

DEI’s own conviction of righteousness and one-sidedness expanded rapidly, well organized, and well funded. By then, the contradiction became impossible to ignore.

And perhaps Damon Albarn provides the simplest counterexample. Albarn has hardly been silent about Palestinian suffering or his criticism of Israel. Yet after Bob Vylan’s Glastonbury performance, he called the episode a ‘spectacular misfire’ and spoke instead about wanting to work with musicians in both Palestine and Israel.

It really should not be revolutionary to suggest that one can advocate for Palestinians without demanding the cultural exclusion of Israelis. Isn’t this exactly what music was supposed to be for?

What started as an industry-wide commitment to safety had developed into ideological gatekeeping: diversity but under political uniformity. Inclusion, except when the artist was born in Israel.

Freedom of expression, unless the expression comes from Boy George or another ‘wrong person’. And #MeToo, except if you were a girl dancing at 6:29 a.m. at the Nova festival.

To quote a house classic: If music is the answer, the answer cannot be less cultural contact. It has to be more. Because when we try to make music morally pure, we destroy precisely the thing that made it morally valuable: its ability to bring together people who would otherwise never meet. 

The writer, Sarah Hildering, is a former music executive at Universal Music Group, author of Code of Conduct, and former DEI lead at the Association for Electronic Music.

This post was originally published on here. 

WASHINGTON — A major antitrust settlement involving Zillow and Redfin could reshape the online apartment-search business, restoring a competitor that federal regulators say Zillow paid $100 million to effectively remove from the market.

The Federal Trade Commission and attorneys general from Arizona, Connecticut, New York, Virginia and Washington reached an agreement with Zillow and Redfin resolving allegations that a 2025 partnership between the companies illegally reduced competition in online rental advertising.

Under that agreement, Zillow paid Redfin $100 million as Redfin shut down its independent internet-listing-services business, transferred advertising customers to Zillow and began displaying Zillow-provided rental listings across Redfin properties.

The FTC alleged the arrangement effectively eliminated Redfin as a major independent competitor for multifamily rental advertising.

Now, regulators are forcing much of that structure to be unwound.

Redfin must restart its independent rental-advertising business within six months after the court order becomes final, rebuild the necessary technology and hire a general manager, sales staff and customer-support team.

The company has also committed to substantial multiyear investment in the rebuilt operation.

That matters beyond Zillow and Redfin.

Apartment-search websites operate as two-sided marketplaces. Renters use them to find available homes, while landlords and property managers pay to advertise their properties and reach those renters.

When fewer major platforms compete for those advertising dollars, property managers can have less bargaining power — and higher marketing costs can ultimately become another expense embedded in the economics of renting apartments.

The FTC said restoring Redfin as an independent competitor should create more choices, increase innovation and potentially reduce advertising costs.

There is an important distinction for consumers: the settlement does not mean Zillow listings will disappear from Redfin.

Redfin can continue carrying Zillow listings. What changes is Redfin’s ability to separately pursue landlords and property managers, sell its own advertising services and display rental listings obtained independently of Zillow.

The order goes even further.

Zillow will be required to remove certain restrictions that could interfere with Redfin recruiting employees needed to rebuild the operation. Zillow must also provide some customers with opportunities to renegotiate contracts after Redfin reenters the market, giving property managers a meaningful chance to switch or add competing services.

The proposed order would remain in effect for 10 years, and Redfin could face financial penalties if it fails to meet its commitments.

The settlement still requires approval and signature from the federal judge overseeing the case before it has the force of law.

For renters, there will probably be no dramatic change tomorrow morning.

But over time, the consequences could become visible in something consumers increasingly take for granted: how many apartments they see online, which properties appear on different platforms and how much competition exists among the companies controlling the digital gateway to finding a home.

JBizNews Desk | Washington

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

  • In today’s CEO Daily: The idea of giving workers more access to the tools of wealth-building is getting traction
  • The big leadership story: How Asian healthcare companies are grappling with a fast-aging region
  • The markets: Global markets are inching higher ahead of Nvidia’s earnings today
  • Plus: All the news and watercooler chat from Fortune.

Good morning. In a week where we’ve been flooded with dubious long-shot ideas—President Trump now wants to rename Lake Ontario as Lake America amid his escalating trade war against Canada—let’s pause to consider an intriguing one. As my colleague Eleanor Pringle reported this week, entrepreneur Mark Cuban wants to address America’s growing wealth inequality by making employers choose between paying higher taxes or giving every member of staff company stock. As the Shark Tank star wrote on X: “It’s exactly what I have done for employees in companies I have started. Most wealthy people get that way from selling their companies or taking them public.”

As a mandate, Cuban’s idea is unlikely to fly: Congress would have to pass a law to raise corporate taxes on companies that don’t grant equity to every employee. That’s not likely in any regime, never mind one in which the president made $2.2 billion last year. But the concept of giving workers more access to the tools of wealth-building are intriguing and getting traction in different ways:

Employee Stock Ownership Plans (ESOPS) are growing in popularity for private companies, in part fueled by retiring baby boomers who want to keep their companies independent without selling to private equity. While politicians may not agree on taxes, they all love employee ownership. The Senate passed two bills last year to encourage ESOPS, of which there were around 6,600 ESOPS, covering around 15 million people in 2023. The federal government first created tax incentives for companies to implement employee ownership in the 1970s when stagflation was rampant and Washington wanted to generate more retirement assets for working Americans. Ronald Reagan loved ESOPS, as does Bernie Sanders.  While they can be expensive, complex and a headache to maintain, ESOPS boast voluntary quit rates that are roughly one-third the national average and workers retire with more than double the savings on non-ESOP counterparts.

Employee Benefits. Companies already offer access to equity grants, restricted stock units, profit-sharing, and stock options.  The problem, as Cuban identifies, is that those tools are often deployed to enrich the best paid people at the company, further widening the CEO-to-worker wage gap. One antidote may be Trump Accounts, which are designed to democratize access to the markets and compounding returns. These tax-deferred accounts, seeded with $1,000 in federal money for every child born during Trump’s second term, have been opened for more than 7 million children since being launched last month. CEOs have been lining up to provide incentives for employees to open these accounts with philanthropists like Michael Dell and Ray Dalio donating funds to help lower-income families fund the accounts for older children. As Dell told me when announcing a $6.25 billion donation with his wife Susan: “When children have accounts like this, their outlook on life just changes.”

But the problem that Cuban identifies is not going away. While pay-transparency laws and talent shortages can create more equitable gains for employees, the reality is that wealth gains remain modest at the bottom and substantial at the top. Women make about 82 cents for every dollar that a man makes, a figure that’s gone down. And affordability has dropped. The most useful tool for some leaders in this environment may be a mirror.

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

This story was originally featured on Fortune.com

This post was originally published here. 

New York’s political landscape has shifted dramatically over the past decade. Policies once considered far outside the mainstream (higher taxes on top earners, tuition-free public college, expanded public healthcare and broader social welfare programs) are now central to the agenda of many progressive politicians.

Supporters argue these policies create a fairer society by redistributing wealth and expanding access to essential services. For many lower-income Americans, that may well be true.

But for New York’s Jewish community, the financial equation is different, and that has less to do with ideology than economics.

Many Jewish voters are themselves drawn to progressive candidates because Jewish tradition places a strong emphasis on caring for the vulnerable and pursuing social justice. Supporting policies intended to help lower-income families is, for many, an expression of deeply held Jewish values. What often receives less attention, however, is how those same policies may place additional financial pressure on the very institutions that sustain Jewish communal life. 

Hassidic Jews and NYPD members stand outside the Chabad-Lubavitch World Headquarters in the Crown Heights section of the Brooklyn borough of New York City, US, January 12, 2024.  (credit: REUTERS/SHANNON STAPLETON)

According to the Pew Research Center’s landmark study of Jewish Americans, Jews are among the most highly educated religious groups in the United States, a factor that has long translated into above-average household incomes. There’s more: over half of Jewish adults hold postgraduate degrees or bachelor’s degrees, substantially higher than the national average. Higher educational attainment has also contributed to greater representation in professional fields such as medicine, law, finance and technology.

That matters because many of the economic proposals championed by democratic socialists are financed by increasing taxes on higher-income households, which is the very demographic in which many Jewish families are disproportionately represented.

The discussion, however, goes beyond income taxes.

Unlike many Americans, a significant portion of New York’s Orthodox and traditional Jewish communities voluntarily assume expenses that public programs simply cannot replace.

Jewish day school tuition often costs tens of thousands of dollars per child each year. Families contribute to synagogue memberships, summer camps, kosher food, security assessments, and charitable organizations that preserve Jewish communal life. Even if the government expands public education or other services, observant families are unlikely to abandon institutions that reflect their religious values.

In other words, many Jewish households would continue paying privately for core aspects of their lives regardless of how much government spending increases.

That creates what many families perceive as a double financial obligation: paying higher taxes to support expanded public programs while continuing to fund private religious education and community institutions.

Higher education offers another example.

Free public college may provide tremendous relief for many American families. Yet many Jewish students choose private universities or yeshivot because they offer religious environments, specialized programs, or stronger campus communities. Expanding public higher education therefore may not substantially reduce costs for many of these families, even as they contribute through higher taxes to finance those programs.

Healthcare presents a similar dynamic.

Programs such as Medicaid provide an essential safety net for millions of Americans so expanding eligibility would undoubtedly help many families. But higher-income households generally do not qualify for means-tested benefits, regardless of how broadly eligibility expands. Many Jewish families instead receive health insurance through employers or purchase private coverage, meaning they help finance expanded programs without directly benefiting from them.

Perhaps the most overlooked consequence of higher taxation, though, involves philanthropy.

Few communities rely on charitable giving as extensively as the Jewish community. Synagogues, Jewish day schools, scholarship funds, social service agencies, security initiatives and organizations supporting Israel depend heavily on private donations. According to Giving USA and numerous studies of charitable behavior, charitable giving is influenced by both disposable income and tax incentives.

When higher-income households retain less after taxes, there is reason to believe some charitable giving could decline. Even modest reductions can have significant ripple effects across institutions that rely on philanthropy to serve their communities.

Nor is philanthropy the only concern.

Jewish entrepreneurship has played an outsized role in New York’s economy for generations. From family-owned businesses to technology startups, many Jewish entrepreneurs reinvest profits into expansion, hiring and innovation. Policies that increase taxes on business income or investment may reduce the capital available for growth, even if the intention is to finance worthwhile public priorities.

None of this suggests that helping lower-income Americans is the wrong objective. A strong safety net has an important place in a healthy society, and many Jewish organizations have long championed caring for the vulnerable as both a civic and religious responsibility.

Indeed, that commitment is one reason many Jewish voters support progressive candidates and policies. They often do so believing they are strengthening society and fulfilling a core Jewish obligation to care for those in need.

The question, however, is whether they have fully considered the economic consequences for their own community. Jewish families are likely to continue paying for day schools, synagogues, kosher food, security, charitable organizations and other institutions regardless of what the government provides. At the same time, many would bear a disproportionate share of the taxes used to finance expanded public programs because of their relatively high levels of education and income.

That does not make democratic socialism inherently good or bad. It does suggest, however, that before embracing sweeping economic change, New York’s Jewish community should carefully weigh not only the benefits these policies may provide to society at large, but also the additional financial strain they could place on the institutions that have sustained Jewish life for generations.

The views expressed are those of the author as of the publication date and are subject to change without notice. This article is provided for informational and educational purposes only and should not be construed as investment, tax, legal or political advice, or as a recommendation to adopt any investment strategy. Advisory services are offered through Klyman Financial, a DBA of The PARTNERS Wealth Management, an SEC Registered Investment Adviser. Registration does not imply a certain level of skill or training. 

This post was originally published on here. 

Dozens of doctors may have skipped stages of their training at Kaplan Medical Center in Rehovot, according to a special review committee of the Scientific Council of the Israeli Medical Association, Channel 13 reported Wednesday.

According to the report, the committee was formed after a resident doctor at the center alleged that residency logs had been falsified so cardiology residents could skip the internal medicine residency stage while still meeting the requirement on paper.

The committee found that Professor Kobi George, head of the cardiology department, had guided and supervised the falsifications, allegedly to address a manpower shortage.

Concerns were raised about patient safety and the quality of medical care because doctors may have received specialist certification in cardiology without the full required training, according to Channel 13.

Council reportedly recommended barring George from managing residency program permanently

Following the findings, the Scientific Council’s presidency recommended barring George from managing a residency training department and removing recognition of Kaplan’s cardiology department as an approved residency training site while George remains part of its staff, Channel 13 reported.

Doctor in hospital enviroment (credit:  QUENTIN TOP/Hans Lucas/AFP via Getty Images)

Additionally, Channel 13 said the council recommended the internal medicine department receive “conditional recognition” for six months and that Dr. Hefziba Green, head of the department, be barred from independently signing residency documents for the next three years. All signatures provided will require an accompanying signature from the hospital’s deputy director.

An individual assessment requirement was also recommended for every doctor who completed residency training at Kaplan Medical Center to examine the length of their training, their focus areas, and whether there are gaps they need to complete, according to the report.

George rejects allegations

George rejected the allegations, claiming that the recommendations of the council were incorrect and reached through an improper process, according to Channel 13.

“All residents and specialists in cardiology underwent the required clinical, theoretical, and research training and gained the necessary experience to fully meet all residency requirements. A significant portion of graduates of the training program successfully passed certification exams, and the doctors currently serve as full-fledged specialists,” the outlet cited George as saying.

George emphasized that the Health Ministry, the only organization with the authority to implement any of the recommendations, had not made a binding decision on the matter.

Clalit Health Services released a statement that the CEO of Clalit had ordered the establishment of a committee to address the findings and recommendations of the report at Kaplan Medical Center in light of the findings of the Israel Medical Association’s Scientific Council review, and added that the Health Ministry had been updated on steps already taken, Channel 13 reported.

“Clalit regrets the incident and is acting decisively to correct and regulate the deficiencies identified in this exceptional report,” Channel 13 cited the statement as saying.

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National Security Minister Itamar Ben-Gvir’s Otzma Yehudit called for Ra’am chairman MK Mansour Abbas to be disqualified from running for the Knesset following remarks he made on Wednesday morning, claiming Arab parties were forced to accept Israel as a Jewish state to avoid being barred from elections.

“The senior partner of [Naftali] Bennett and [Gadi] Eisenkot in a future government admits that he does not recognize the State of Israel as a Jewish state,” the party’s statement read.

“We would tell you that what he is saying is delusional, but we are not surprised. He is from the Muslim Brotherhood. The delusion is that Eisenkot and Bennett dream every night about how they will form a government with him.”

Abbas’s post was made as clarification after criticism over comments he made during an appearance on Channel 12’s “Meet the Press,” where Amit Segal confronted him with previous statements, including his assertion that “Zionist gangs conquered Palestine.”

Segal said Abbas had indicated in the interview that he would not use the same formulation now. In his Wednesday post, Abbas maintained that changing his political language did not amount to abandoning his Palestinian identity or narrative.

Otzma Yehudit party chairman and National Security Minister Itamar Ben-Gvir, together with members of his party, attends a supporters’ conference ahead of the upcoming general elections in Petah Tikva, central Israel, August 16, 2026. (credit: ERIK MARMOR/FLASH90)

“Is it not possible that different wording and a different political approach could actually express the truth of the Nakba, draw lessons from the historical experience accurately and wisely, and present a practical vision for the future? Could this not provide an opportunity to gain influence that would enable us to address the injustices and wounds we inherited from our ongoing Nakba, prevent a new displacement in its various forms, and move beyond the historical narrative in order to write the narrative of the future we aspire to?” Abbas wrote on Facebook.

Abbas: Accepting Israel as Jewish state was ‘imposed on us’

Regarding the Jewish character of the state, Abbas wrote that it was “a reality imposed on us and we did not choose it,” adding that it reflected the choice of Israel’s Jewish majority rather than a demand by Arab citizens.

“The Arab parties were forced to accept it practically, otherwise they would be eliminated in the parliamentary and local elections,” he wrote.

Abbas said his political priority was instead to strengthen the standing of Arab citizens, secure national and civil rights, and seek influence within government rather than remain permanently in the opposition.

Abbas reiterated that his position supporting “the recognition of the Palestinian state alongside the State of Israel” was well known.

“Our supreme interest is to replace this racist government, even if it means paying the personal cost,” he wrote. “The necessity of lifting and removing injustice, warding off and reducing corruption, and bringing and increasing benefits, requires us to take all possible measures to achieve this.”

Winter, Erdan also call to bar Abbas from Knesset

Otzma Yehudit’s statement further claimed that “Eisenkot and Bennett will let Mansour take control of the National Security Ministry. They will let him stop home demolitions in the Negev, enforcement against noise from the muezzin, shut down the protection-racket and polygamy units established by Minister Ben-Gvir, and turn the Galilee and the Negev into Hamastan.”

Brig.-Gen. (res.) Ofer Winter, chairman of the newly launched Amcha Yisrael Party, also stated that anyone who does not recognize Israel as a Jewish state should not be eligible for election to the Knesset.

“Anyone who does not recognize the State of Israel as a Jewish state can go to any Arab country he wants. And certainly such a person must not be allowed to be elected to the Knesset of Israel,” Winter said.

“It is time to understand: What was will be no more.”

Former Israeli ambassador to the UN Gilad Erdan, chairman of the Unity Party, decried the statement as well, stating Abbas was “pulling the wool over the Election Committee’s eyes, pulling the wool over the public’s eyes, and there are those who fall into his trap.” 

“He does not want a Jewish state here; he wants an Islamic caliphate. Only a broad unity government will ensure a Zionist government, without Abbas and without deception,” Erdan said.

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US CIA Director John Ratcliffe held talks with Russian intelligence officials during his visit to Moscow on Tuesday but did not meet President Vladimir Putin, the Kremlin said on Wednesday.

Kremlin spokesman Dmitry Peskov told reporters that Putin had been briefed on the outcome of Ratcliffe’s talks, but declined to provide further details.

Peskov said it was also too early to say whether such contacts between the two countries’ intelligence agencies could help pull US-Russia relations out of what he described as a “deep crisis.” 

Reports first emerged on Tuesday that Ratcliffe traveled to Russia aboard a US military C-17 transport plane for meetings in Moscow and left that evening.

A US Air Force C-17 Globemaster III during a test flight; illustrative. (credit: US AIR FORCE/PUBLIC DOMAIN/VIA WIKIMEDIA COMMONS)

First visit by US spy chief since Ratcliffe’s predecessor

The visit was the first known visit to the Russian capital by a US spy chief since Ratcliffe’s predecessor, William Burns, held talks with Vladimir Putin in November 2021. About three months after that meeting, the Russian president launched Moscow’s invasion of Ukraine.

The last direct flight of a US-registered jet to Russia from Europe took place in January this year, carrying special envoys Steven Witkoff and Jared Kushner for peace talks with Vladimir Putin on Ukraine.

A source familiar with the details of Ratcliffe’s trip told The Jerusalem Post that Trump administration officials asked Ukraine several days ago to pause any strikes against Moscow and other cities from Monday through Wednesday.

This post was originally published on here. 

, Florida Chamber CEO: Businesses are looking to Sunshine State “from all over the country.”

Business decision-makers are responding to the telephone just two weeks after the Florida Chamber of Commerce announced the wildly popular Times Square ad for Zohran Mamdani, the mayor of New York City, as the country’s “Economic Developer of the Year.”

As businesses look to leave democratic governance, Florida Chamber President and CEO Mark Wilson said in an exclusive interview with Fox News Digital that inquiries are coming in from professionals in violet states and other industries.

Wilson claimed that” this quickly became a national trend.” We received a text message from” Hey, I’m seeing this,” which was literally translated as”. Wow, that is wonderful. Of course, we need to discuss communism and free sector in our country. &rsquo”,

” The answer has been received from all over the nation,” he said. Businesses came from New York, California, Illinois, and of course, Washington. He continued,” This has really been a national response.” Previous governors and state lawmakers have been found in other states. Members of Congress have contacted us after hearing about this&hellip and saying,” OK, this is the chat our country needs to have.” &rsquo”,

FLORIDA STOCK RISING: HOW IT CHANGED THE 14TH LARGEST ECONOMY, BLUE STATES CONTINUE A, DEATH SPIRAL,

Web traffic to the Chamber’s” Free Enterprise” campaign increased by 500 % to 600 % after the billboard went live at West 43rd Street and Broadway, according to Wilson. He claimed that inquiries from businesses, blog candidates, and public officials amounted to five to seven contacts per day, which included New York.

A Rochester-based engineering firm in Rochester, New York, contacted me about moving to what they called the “land of opportunity” and saying,” I received a call from them.

Working-class New Yorkers are getting a second chance at New York City’s market, according to a City Hall director who recently told Fox News Digital in response to the ad. Wilson refuted that judgment, citing tax burdens and fiscal strains that, in his opinion, disproportionately strain middle-class workers, including electricians and nurses.

” This is not political, and it isn’t even individual.” With regard to this entire [socialist ] idea, Wilson asked which was better for the average American: free enterprise or more government and less freedom, of course. The budget is certainly balanced, so New York City is losing people, so they are looking for new income.

Financial auditors have warned of architectural budget cracks in the future because New York City approved a$ 125.8 billion budget for the fiscal time 2027 in June. Despite recent development, the population is still below the 2020 Census degree.

Despite having more than 23 million people in Florida and around 8.3 million in New York City, the provincial resources exceeds Florida’s$ 117.6 billion state budget by more than$ 8 billion.

What’s happening in New York City is that they are actually increasing the costs and reducing their freedom, he said,” If we’re talking about caregivers, tradespeople, and electricians, right, the skilled trades that are so important to America.”

Wilson refuted Wilson’s claims that Florida’s rapid population growth strains regional system, raises housing costs, and that higher earnings increase the appeal of blue states.

Let’s say there is an$ 80,000 [salary ] welder employed in Ocala, Florida, where median home prices are less than$ 300,000. That is a life of outstanding beauty. You can live in Florida without paying income taxes, and you can attend one of the best universities in the country. You’re only an hour away from the beach, fine? He claimed that the same person who lives in New York City could earn more money, but they couldn’t afford to.

Making more money is a “real estate market” that you can’t afford, and a “tax-paying” market that you didn’t purchase. And there is no one wanting that.

The chief of the Florida Chamber confirmed the organization’s plans for a” Free Enterprise” campaign to be run nationwide, noting that there are “plethora of locations ] to choose from” in New Jersey, California, and cities like Minneapolis and Seattle as part of the plan.

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What will soon appear like, according to the concept? What will the potential hold? So we’re attempting to accomplish that. Wilson said,” We’re attempting to create a center for technology where we can look at what the country’s future holds.”

We don’t look to different state for success, let me say again. If they succeed in doing something, we want to know from them. And Florida’s businesses are expanding as well as our population and our deductible earnings. And that’s exactly what we need to become vying for.

FOX BUSINESS: Extra

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Nate Baxter spent much of his career in technology. Now, just weeks into his tenure as CEO of ScottsMiracle-Gro, he’s betting that artificial intelligence, e-commerce and faster product innovation can help reshape one of America’s biggest lawn and garden companies.

“I’ve told this company that we need to behave more like a technology company and not think of ourselves as just a basic materials company supplying dirt and fertilizer,” Baxter told FOX Business.

Baxter, who joined Scotts more than three years ago, said his decades of experience in technology have shaped his approach to the lawn and garden business, even as he has had to learn the consumer products industry.

“Leadership is leadership,” Baxter said. “And I believe good leadership translates across all sorts of categories.”

THE SCIENCE BEHIND RESTORING THE WHITE HOUSE SOUTH LAWN AFTER UFC FREEDOM 250

That technology mindset is already showing up in the company’s use of artificial intelligence.

Scotts has about 40 AI use cases spanning consumer-facing tools and back-office operations, according to Baxter. Rather than making large investments upfront, he said the company has taken a cautious approach, starting small and investing more when an application generates a return.

One of the first tests came in consumer services, where employees traditionally needed extensive lawn and garden expertise to answer customers’ questions. Scotts digitized that knowledge and built an AI-powered assistant.

“And now nearly 100% of our incoming calls are dealt with by an AI agent and not a human agent,” Baxter said.

Scotts is also deploying AI in demand planning and on its website, where consumers can use an AI assistant to ask more complicated lawn and garden questions.

Baxter said the technology is already generating revenue growth, cost savings and productivity improvements, but he pushed back on the idea that AI’s primary value will come from eliminating jobs.

“My view, there’s a lot of CEOs out there that think we’re going to be able to just eliminate a lot of jobs. I don’t see it that way,” Baxter said. “I think we are going to be able to make our people more productive and so that’ll allow us to maybe hire at a slower rate than we would as we grow.”

SCOTTS MIRACLE-GRO IS MAIN FINANCIAL SUPPORTER OF PUSH TO LEGALIZE WEED IN NEW JERSEY: REPORT

Reaching new customers is another major piece of Baxter’s strategy.

Scotts estimates the lawn and garden category it competes in is worth roughly $12 billion, while its household penetration averages only about 10%, leaving significant room for growth.

Part of that opportunity lies with younger consumers who may have different expectations than the homeowners who traditionally bought Scotts products.

“We are pivoting hard into naturals and organics and biologicals not only is it just better for the Earth, but we know there’s a whole cohort of consumers out there that really want safe and effective organic solutions, but they also need to work,” Baxter said.

Scotts is also changing how it reaches those consumers.

Baxter said the company is moving away from large-scale advertising campaigns centered on traditional television and toward an “always on” model that produces thousands of pieces of creative tailored to different groups of consumers.

E-commerce is also becoming a testing ground for products before Scotts commits to nationwide distribution.

Baxter pointed to a product the company launched through TikTok Shop last year that sold out almost immediately. While the initial volume was relatively small, he said the launch demonstrated demand and gave Scotts an opportunity to learn how to operate through a new sales channel.

“That product is now Nationwide and Brick and Mortar, so that’s another lesson for us, which is test it in e-com first with a limited audience, learn from that, and then maybe the second season you bring it into Nationwide Distribution and Bricks and Mortars.”

Product innovation represents another pillar of Baxter’s growth strategy. He said Scotts introduced more than 80 new SKUs that accounted for more than $75 million in revenue, a figure he hopes the company can double over the next year.

“I do believe there’s a lot of organic growth,” Baxter said.

INSIDE EFFORTS TO RECLASSIFY MARIJUANA

The growth push comes as Scotts continues to strengthen its balance sheet following financial challenges after the COVID-19 pandemic and the collapse of the cannabis industry. The company has divested the remaining pieces of its cannabis-related business and refocused on consumer lawn and garden while paying down debt.

Baxter said Scotts’ leverage is currently in the high threes, with a medium-term target of between three and 3.5 and a longer-term goal of getting below three. Reaching that level, he said, could free up cash for additional investment in the company and more shareholder-friendly uses.

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For Baxter, the next phase will come down to whether Scotts can turn its technology investments, new products and push for younger consumers into sustained growth.

“There’s a lot of excitement at the company,” Baxter said. “Change can always be good. We’re trying to improve on the culture that we have, which is already an amazing and fun culture. And at the end of the day, we’ve got a lot of excitement and enthusiasm here in the building about what’s next for Consumer Lawn& Garden.”

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SAN FRANCISCO — Anthropic is preparing to tell investors that artificial intelligence could give the Claude maker access to a market worth more than $30 trillion a year, one of the largest estimates yet of the economic opportunity AI companies believe lies ahead.

The figure is not a forecast that Anthropic itself will generate $30 trillion in revenue.

It represents the company’s estimated total addressable market, or TAM — the maximum annual revenue opportunity available if a company theoretically captured 100% of the market it is targeting.

Anthropic is calculating that opportunity by looking at the broad range of work that could eventually be performed using AI models.

That distinction is critical.

The company is effectively arguing that artificial intelligence should not be viewed simply as another software industry. Instead, advanced AI could eventually compete for spending across programming, research, finance, customer service, professional services and other forms of work now performed by people.

Anthropic’s estimate would exceed the $28.5 trillion total addressable market presented by SpaceX ahead of its public offering earlier this year.

The size of the estimate is particularly striking when compared with today’s technology industry. The 191 technology companies in the S&P 1500 generated roughly $2.4 trillion in combined revenue last year, according to data cited by The Wall Street Journal.

Anthropic itself is already growing rapidly.

The company more than doubled quarterly revenue to approximately $11.6 billion in the second quarter, while it is projecting annual revenue of roughly $190 billion to $200 billion by 2028.

The Claude maker is also preparing for a potential initial public offering that could become one of the largest ever.

Anthropic may seek to raise as much as $100 billion at a valuation approaching $2 trillion, although the final size, valuation and timing remain under discussion.

For investors, the $30 trillion number is less important as a literal revenue target than as a statement about how Anthropic views the future economy.

A large TAM can help justify enormous valuations and the billions of dollars AI companies are spending on chips, data centers, electricity and computing infrastructure.

But it also creates a much higher bar.

Anthropic still has to prove that it can capture a meaningful share of that theoretical market while competing against OpenAI, Google and other increasingly powerful AI developers.

The company must also demonstrate that explosive revenue growth can ultimately translate into sustainable profits after the enormous cost of building and operating advanced AI systems.

That is likely to become one of the central questions surrounding Anthropic’s expected IPO.

Investors will not simply be deciding how much Anthropic is worth today.

They will effectively be deciding how much of the global economy they believe artificial intelligence can eventually capture — and how much of that opportunity will belong to Anthropic.

JBizNews Desk | San Francisco

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IDF Chief of Staff Lt.-Gen. Eyal Zamir met with US Air Force Commander General Kenneth S. Wilsbach, together with Israel Air Force Commander Maj.-Gen. Omer Tischler on Sunday in Tel Aviv to discuss Iran and other regional security issues, the military confirmed on Wednesday.

The visit comes as US President Donald Trump has shifted away from military threats to boosting the economic sanctions against Iran to try to achieve nuclear and other concessions.

This shift doubtlessly impacts ongoing and even long-term joint military planning between the countries, including what US military assets will remain in Israel and the region.

Wilsbach’s visit was unusual, as generally the US Central Command (CENTCOM) Chief Admiral Brad Cooper or CENTCOM Air Force Chief Lt.-Gen. Daniel T. Lasica would be expected to make such personal visits, with the American air force top commander having to cover the whole globe.

It was unclear whether Wilsbach visited because of the elevated levels of past and future cooperation between the countries’ air forces during and after the early 2026 Iran war, or because Lasica had only recently taken office to replace Lt.-Gen. Derek C. France and needed more time to settle into his new role before undertaking foreign visits.

IDF Chief of Staff Lt.-Gen. Eyal Zamir and US CENTCOM commander Adm. Brad Cooper salute during Cooper’s meeting with senior IDF commanders on August 10, 2026. (credit: IDF SPOKESPERSON'S UNIT)

The officials discussed their joint assessments of the regional situation, including Iran and other security threats, advancing learning lessons from the joint campaign, and future areas of cooperation.

IAF Chief Tischler thanks CENTCOM for cooperation during inagural speech in role

At his inaugural speech in May, Tischler addressed France, saying, “Your presence here is very meaningful for us and for me personally. In the most complicated and sensitive situations, you and your forces have always stood with us. We won together, and we don’t take it for granted.”

US Vice Chief of the Air Force Gen. John D. Lamontagne also attended Tischler’s inaugural ceremony.

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Filmed in the financial capital of the world, New York City, this HousingWire Spotlight Series explores how industry leaders are navigating market volatility, making high-stakes decisions, uncovering growth opportunities and building organizations that thrive under pressure. From leadership strategies and operational agility to innovation, talent and market position. These sessions delve into what separates companies…

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Apple is bringing the artificial-intelligence race directly onto personal computers with a new generation of Mac mini and Mac Studio desktops designed to run increasingly powerful AI models without constantly sending information to remote data centers.

The company unveiled its first 2-nanometer processor, the M6, alongside the M5 Ultra—Apple’s most powerful chip to date.

The new Mac mini will be available with either the M6 or M5 Pro processor, while the Mac Studio will offer the M5 Max or substantially more powerful M5 Ultra.

Prices are also rising.

The M6 Mac mini begins at $899, $100 more than its most recent starting price and $300 above the $599 price at which the M4 version originally launched. The M5 Pro model starts at $1,699.

The Mac Studio begins at $2,499 with the M5 Max and $5,499 with the M5 Ultra.

Preorders opened Tuesday, with the computers scheduled to reach customers and Apple stores on September 22.

The most important development is not simply that Apple has produced faster computers. It is that the company is redesigning the Mac around a future in which substantial AI work takes place directly on a user’s desk.

Today, many advanced AI applications depend on enormous cloud-based data centers filled with costly Nvidia processors. Every request is transmitted over the internet, processed remotely and returned to the user.

Apple’s approach is to move more of that work onto the device itself.

That can reduce dependence on cloud-computing services, improve response times and allow companies to keep proprietary documents, customer information, computer code and sensitive business data inside their own systems.

The M6 Mac mini is aimed at bringing that capability to a wider group of users.

Apple says the new model can deliver as much as four times the AI performance, twice the graphics performance, twice the storage speed and 40% faster central-processing performance compared with the M4 configuration used for its tests.

The M6 contains a 12-core central processor, a 12-core graphics processor and two 16-core Neural Engines dedicated to machine-learning workloads. It also supports as much as 32 gigabytes of unified memory.

For professionals requiring substantially more computing power, the M5 Pro Mac mini can be configured with as many as 18 CPU cores, 20 graphics cores and 64 gigabytes of unified memory.

The Mac Studio moves into an entirely different category.

Its M5 Ultra processor combines four pieces of silicon into what Apple describes as a single operating chip. It can be configured with a 36-core CPU, an 80-core graphics processor and as much as 512 gigabytes of unified memory.

That amount of memory is extraordinary for a compact desktop computer.

It allows developers and researchers to load extremely large AI models directly into the Mac rather than dividing the workload across remote servers or specialized data-center equipment. Apple says the system can run models containing hundreds of billions of parameters entirely on the device.

The M5 Ultra provides memory bandwidth of as much as 1.2 terabytes per second, allowing enormous volumes of data to move rapidly between the processor and memory.

Apple says the new Mac Studio delivers up to 4.3 times faster AI performance, twice the storage speed and as much as 1.8 times faster graphics performance than the previous generation, depending on the configuration and workload.

The machine can also play as many as 33 streams of 8K professional video simultaneously, illustrating how Apple is positioning it not only for AI developers but also for film studios, visual-effects companies, engineers and scientific researchers.

New Thunderbolt 5 connections will allow multiple Mac Studio systems to be linked together, producing as much as three times the AI-inference performance of a single machine. Wi-Fi 7 and Bluetooth 6 are also included for the first time.

That creates an intriguing alternative for smaller AI companies.

Instead of paying continuously to rent cloud-based processing power, a business could purchase several Mac Studio computers, connect them and build a private local AI system. The upfront cost would be significant, but the company could retain physical control over its data and equipment.

Apple’s higher prices also demonstrate how the AI boom is reshaping the broader technology market.

Data-center operators are purchasing enormous quantities of advanced memory and storage chips, creating tighter supplies and raising component costs for consumer-electronics manufacturers. Apple already increased prices on several Mac configurations earlier this year, and the newest models continue that upward movement.

The new computers therefore represent both sides of the AI economy.

Consumers and businesses are receiving dramatically more local computing power, but they are also beginning to pay the cost of a global race for processors, memory, storage and energy.

Apple is betting that users will accept those higher prices if a Mac can increasingly function as a private AI workstation rather than simply a traditional personal computer.

JBizNews Desk | Cupertino, California

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Much of corporate America has spent the past 18 months second-guessing and editing itself. 

Many diversity programs were renamed or eliminated entirely. Sustainability language quickly disappeared from corporate communications. Executives became considerably more careful about advancing or even discussing different social impact issues. Under intense political, legal, and regulatory pressure from the Trump administration and conservative activists, companies reconsidered once-celebrated social impact policies and practices.

I have watched this upheaval from inside corporate conference rooms as an attorney and adviser who works in social impact. My clients—many of whom count on me to keep our work private—range from global corporations, founders, and CEOs to their charitable and social impact initiatives, often including partnerships with their peers and other industry stakeholders. 

The specifics of my conversations with clients are likewise bound by confidentiality. But I can tell you that I’ve fielded questions—from executives, attorneys, and impact leaders everywhere from Fortune 500 companies to America’s largest law firms—that would have sounded ridiculous back in 2020: Which words create the most risk? Which commitments still belong in public communications? Which programs remain central to the business? How can we build social impact strategies that withstand a rapidly changing political environment? What will our talent, customers, and other stakeholders think?

Several of the organizations I work with are in genuinely precarious positions at the moment. One of them came close to being legislated out of existence by Congress. Others have been bracing for years about growing scrutiny over inclusion initiatives. (Naming them in a national business publication could put a target on their backs, so I won’t.)

At the same time, even as good corporate citizens navigate these turbulent waters, it feels like the tide is beginning to turn. By that I mean, corporate America’s anti-woke retreat appears to be approaching its limits. And a new model of corporate purpose is emerging in its wake: more legally disciplined, more closely connected to business strategy, and more measurable and designed to survive political change. At its core, it is still deeply rooted in two realities: that caring about all people is inherently part of doing good; and that doing good is good for business. 

Consider what shareholders are actually saying, as assessed by Harvard Law School Forum on Corporate Governance. Through May, conservative activists had filed 43 anti-DEI shareholder proposals, dwarfing the number of proposals supporting DEI. Yet the 22 anti-DEI proposals that reached a vote received an average of roughly 1 percent support. Looking across environmental, social and governance issues more broadly, anti-ESG proposals averaged about 1.7 percent support, compared with about 13.3 percent for proposals supporting ESG-related actions or disclosures.

The same data show declining enthusiasm for many prescriptive pro-DEI proposals. Investors appear increasingly selective about how companies address these issues. They also appear to have remarkably little appetite for the anti-DEI agenda being offered in their name. Additionally, new research out of University of California at Berkeley’s Goldman School of Public Policy shows that firms that either kept their DEI policies or voted down anti-DEI shareholder resolutions have performed just as well financially as those that didn’t.

An even stronger signal arrived this summer. Benevity, which provides corporate giving and volunteering technology, surveyed 420 corporate impact professionals for its latest State of Corporate Purpose report. Seventy-eight percent reported that their organizations had continued their purpose work as before. Among respondents from large companies, the figure was 57 percent. Meanwhile, 69 percent said their organizations had changed how they described their programs publicly.

That distinction matters. While the public language of corporate purpose changed dramatically, much of the underlying infrastructure survived. Put another way, you can argue, as Jones Day’s Robert Profusek did in Fortune earlier this year, that “social purpose stakeholder capitalism” may have gone too far too fast; and at the same time, you can acknowledge that there is important business value in corporate impact initiatives. “Most companies support key ESG objectives already, recognizing that they are essential to the operation of any company positioned to succeed in the 21st century,” Profusek wrote. “ESG considerations are important means to an end, not an end of themselves no matter what the loudest voices on electronic and social media might say.”

Corporate leaders (and their lawyers) are scrutinizing language, eligibility rules, legal exposure and public communications far more carefully. They are also asking harder questions about which initiatives serve employees, customers, communities, and the business itself. These conversations increasingly sound like strategy discussions. That evolution will likely make corporate purpose more durable for the years, headlines, and headwinds ahead.

Some of the companies illustrating this point hardly fit the stereotype of progressive corporate activism. Chick-fil-A, long associated with conservative Christian culture, still maintains a webpage explaining how it “values diversity, equity and inclusion,” using that exact phrase, which it either admirably or mistakenly never scrubbed from its website. And at a time when talking about environment or conservation invites increased scrutiny, Bass Pro Shops still proudly describes itself as “United for Nature” and continues to declare that it is leading North America’s largest conservation movement.

This makes sense. Corporate purpose has always belonged—and still belongs—across the political divide. Humans care about their fellow humans, as well as our shared planet. Companies have employees to attract, communities to operate in, customers to earn, stakeholders to serve, reputations to protect. Human goodness is a constant, and humans show up more fully in workplaces and marketplaces that serve the innate demand for good, even if we reasonably disagree on the edges of what constitutes appropriate corporate citizenship.

At the other end of the corporate spectrum, Anthropic recently demonstrated just how consequential a company’s impact commitments can become. The artificial-intelligence titan resisted Pentagon demands concerning uses of its technology that included mass surveillance and autonomous lethal weapons. The dispute eventually led President Trump to order federal agencies to stop using Anthropic technology and produced an extraordinary confrontation between one of America’s fastest-growing AI and technology companies and the federal government.

Whatever one thinks of Anthropic’s particular limits, the episode illustrates a larger point: Corporate principles can remain operational even when adhering to them becomes expensive.

The commercial incentives remain powerful, too. Edelman’s 2026 Trust Barometer, based on nearly 34,000 respondents across 28 countries, confirms that employers are particularly well positioned to build trust among people with differing values and perspectives. Its 2025 consumer research found that 64 percent of respondents choose brands based in part on their beliefs and 68 percent consider it highly important for brands to make them feel positive emotions such as confidence, inspiration or safety.

None of this requires a return to the controversies of corporate activism of the early 2020s. There is ample opportunity for refining and growing a more settled, durable approach to impact for the rest of the decade to come. 

The next generation of corporate purpose can be more disciplined. Companies can choose issues connected to their businesses and stakeholders. They can comply rigorously with civil-rights laws. They can measure results. They can explain why a particular investment belongs in their strategy. They can approach employees and customers as politically diverse human beings whose trust has to be earned, who may disagree on matters of style and degree, but not on the substance of caring for our fellow human, fellow colleagues, and fellow consumers.

This is also where the anti-woke backlash may ultimately prove surprisingly useful. It subjected corporate purpose to a stress test. Some initiatives proved legally vulnerable. Others lacked a clear connection to business strategy. Some corporate pronouncements outran the work behind them. Stronger programs survived because leaders could clearly explain why they existed and what they accomplished.

America’s political winds will keep changing. A company that rebuilds its values every four years will eventually exhaust the trust of employees, consumers, investors and communities alike.

Corporate leaders now have an opportunity to design their social impact strategies for durability: grounded in law, connected to business, supported by evidence and broad enough to serve stakeholders who see the world differently.

The next era of corporate purpose will be built to survive the next election and thrive for decades.

Scott M. Curran is a social impact attorney, professor, strategic adviser, and the author of Better Good: A Simple System for Creating Lasting Impact, published this month by Simon & Schuster.

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

This story was originally featured on Fortune.com

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SpaceX CEO Elon Musk described plans to build factories on the moon as he presided over the now public rocket maker’s first earnings call this month. Even Musk admitted it all sounded “totally nuts.” But while Musk’s rhetoric and his timing estimates often don’t line up with reality, he’s not alone in seeing opportunity on the moon. Now, a new report is offering a look at the financial underpinnings of what could become a vast $566 billion lunar economy, and the ripple effects that could double it to more than $1.1 trillion.

The new report by advisory firm Deloitte and shared with Fortune in advance of its Wednesday release, estimates the budding moon-based economy could generate between $343 billion and $566 billion in upside through 2050. The range represents a conservative- to accelerated-growth scenario based on how quickly infrastructure, energy, and transportation services can get up and running on the moon, and then how quickly commercial businesses follow—which is no small feat. The most bullish scenarios also hinge on whether several bleeding-edge technologies advance over the next two decades, including rocket fuel made from water ice at the lunar poles, extraction of helium-3 to cool quantum computers, and AI data centers built to orbit the moon’s surface. 

And despite the high barrier to entry for non-aerospace businesses, new companies are getting in on the action. Luxe fashion brand Prada used its textiles expertise to help design spacesuits that can withstand extreme temperatures. Sunglasses brand and optical manufacturer Oakley developed a gold-plated visor for astronauts for use in both darkness and under direct exposure to the sun.  

“What was once the domain of governments and a handful of aerospace contractors now includes venture-backed startups, investors, defense firms, and some of the world’s largest companies all seeking a role in the emerging lunar economy,” the report states. “Although still in its earliest stages, the upside potential could be massive.”

The report, “Building the Lunar Economy,” includes insights from interviews with founders, engineers, investors, and government officials, and more than 400 model inputs. It maps out the infrastructure required for working on the moon, including the transportation, energy, communications, surface mobility, and life support needed—and it considers the unpredictable innovations and value that could be unlocked when humanity enters this new realm.

Why now?

Brett Loubert, who leads Deloitte’s space practice and co-authored the report, said momentum in the sector took on even greater intensity last year, which was also a record for venture capital investment in space technology. Seraphim’s space tracker report saw $7.5 billion investment in Q2 of 2026, with trailing 12-month investment at an all-time-high of $23 billion. 

“What you’re seeing generally is excitement in and outside the industry for what is an explosion of data sources and services that are being delivered from orbit and beyond,” said Deloitte’s Loubert. 

Another major catalyst for the commercial momentum is inarguably SpaceX itself, which has Musk behind it as founder, CEO, and hype man for both the company and for space as a mainstream concept. SpaceX went public in a record-setting IPO on June 12, which saw its valuation soar to $2 trillion. Its market cap has since slipped to $1.8 trillion but Musk, who controls the majority of SpaceX through his ownership, has a knack for drumming up interest from retail and institutional investors in his companies and SpaceX has not, thus far, shown it will be any different. 

In the weeks before it went public, SpaceX headlines focused on the company’s interplanetary Mars mission and Musk’s goal of establishing a human colony on the planet with 1 million inhabitants. But weeks after the largest IPO in history, Musk talked more about the moon during SpaceX’s first earnings call, which investors say is a strategic threshold that will likely be crossed before SpaceX can fully set its sights on Mars. 

SpaceX has already invested more than $15 billion in its massive Starship rocket, designed to carry up to 100 metric tons to orbit and, eventually, the company hopes, transport passengers and equipment to Mars. On the most recent earnings call SpaceX President Gwynne Shotwell laid out near-term milestones that included an Artemis III ship docking in 2027 and “boots on the moon in 2028.”

Ex-SpaceX employees have also struck out and forged their own space mobility and infrastructure businesses with 141 companies cropping up worth $10.6 billion, according to Forbes. An analysis of publicly disclosed equity rounds by space companies between August 2025 and July 2026 found 47 deals with a median round size of $40 million, and an average round size of $116.2 million, according to New Market Pitch. Spacecraft manufacturers dominated, raising $2.3 billion in 26 deals and representing 43% of the capital raised. 

Musk meanwhile, continues to add his unparalleled brand of boosterism to the space sector, moving SpaceX’s internal projection for hitting $1 trillion in revenue forward from 2031 to 2030 during the SpaceX earnings call (much of the lofty revenue target is based on the company’s AI business accelerating).

The Deloitte Numbers

The Deloitte report’s $566 billion high-growth scenario breaks down into two value pools. The first, “core lunar activity,” refers to the foundational lunar infrastructure that has to be built before anything else can really happen. Getting to and from the moon, transportation and energy once you’re there, and dealing with the surface regolith—the moon’s jagged specks of dust—make up $206 billion of that total, more than a third. Power tacks on another $44 billion. Communications, surface mobility, construction, and life support make up the rest of the first pool, which Deloitte estimates could generate an estimated $282 billion through 2050.

The second value pool refers to “enabled activity,” and describes potential downstream markets that could unlock to the tune of $284 billion because of the infrastructure, power, and transportation foundation from the first pool. Under the accelerated-growth scenario, the market for new resources and materials could grow to $114.5 billion, primarily driven by rocket propellant made from lunar water ice and helium-3. The latter is a rare isotope embedded in lunar soil that could become a major fuel source and has a use for cooling quantum computing systems. The report values in-space production in the high-growth scenario at $105.9 billion.

As for fuel, the further out in space you want to go, the more fuel you need, and figuring out how to extract lunar propellant in space is one of the major challenges companies are trying to solve. A single kilogram of rocket fuel costs $1 on Earth, $4,000 in low Earth orbit, and $36,000 on the lunar surface if it goes up from home, the report states. On the other hand, water ice in lunar soil can be processed into liquid oxygen and liquid hydrogen, which can be used as rocket fuel. 

“Water ice is the oil of the moon,” economist Jim Zukin told Deloitte, per the report. It goes on to state: “If unlocked at scale, it could do for space what gas stations did for the road: reduce the cost of existing trips, and make entirely new ones possible, creating a network linking every station, city, and state with fuel and a delivery infrastructure.”

While lunar propellant is nowhere close to scaling, the case for compute is moving much faster. Google has announced its Project Suncatcher, which would put satellite clusters in orbit for compute, and Nvidia-backed Starcloud launched a satellite last year with an H100 Nvidia chip built for space which it used to train an AI model in orbit, the report notes. SpaceX has asked the FCC for permission to launch 1 million satellites to support data centers in space. The thinking is that orbital data centers can leapfrog past some of the ground-level issues such as where to build them, and upset communities that don’t want to host data centers, despite their municipalities making deals for construction. 

“Data-processing satellites benefit from space’s unique conditions, offering near-continuous access to solar energy and radiative cooling,” the report states. “However, the challenge is scale.”

Things We Haven’t Imagined Yet

Beyond core lunar activity and enabled activity, there is also innovation spillover, human inspiration, and the value of research and potential opportunities that haven’t been imagined yet, said co-author Raquel Buscaino, who leads Deloitte’s Novel & Exponential Technologies team. 

Deloitte pins the unimagined cascade effect at an additional $541 billion and did not add it to the final estimate to avoid overstating the size of the lunar economy. However, taken with the high-growth scenario, this pushes the lunar economy above $1.1 trillion, although there is a healthy dose of uncertainty to go along with that figure. Buscaino said uncertainty is a feature and not a flaw when it comes to space.

“There is extraordinary possibility and it’s also extraordinarily hard to do those things,” she said, referring to the opportunities the report lays out. People are excited because there are early demand signals on infrastructure and on the early markets, Buscaino added. 

“Some of these distant opportunities could have extremely large upsides, and we don’t know which ones will pan out, or if what will ultimately matter the most could be a market that we haven’t imagined yet.”

This story was originally featured on Fortune.com

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A 67-year-old man was arrested on suspicion of stabbing a Bank Mizrahi employee on Salma Street in Tel Aviv, Israel Police announced on Wednesday morning.

Police responded to the scene immediately, arresting the man and seizing the knife used to attack the employee.

The employee, a 45-year-old woman, was evacuated in moderate condition to Wolfson Medical Center in Holon by Magen David Adom.

A Bank Mizrahi in Tel Aviv. (credit: MIRIAM ALSTER/FLASH90)

Police said the incident is criminal in nature, and they transferred the suspect for further investigation.

United Hatzalah paramedic Noa Ben Tal, who arrived first at the scene, said that they had been informed at the scene that she was injured as a result of violence.”

“We provided her with initial medical assistance, and then she was evacuated to receive further treatment at Wolfson Hospital.”

Man stabbed in Beit Shemesh

Later on Wednesday, first responders treated a 55-year-old man who was stabbed on Yitzhak Rabin Street in Beit Shemesh. 

Magen David Adom evacuated the man in moderate condition to Shaare Zedek Medical Center in Jerusalem.

“When we arrived at the scene, we were directed towards a man in his 60s who was suffering from penetrating injuries to his abdomen and hand after being injured in a violent incident,” said United Hatzalah volunteers Yossi Bernfeld, Shimon Dinin and Avromy Wiesel. “Together with other MDA medics and paramedics, we provided him with initial medical assistance, including stopping the bleeding and applying bandages.”

“He was evacuated by MDA intensive care vehicles in moderate condition for further treatment in the trauma room at Shaare Zedek Hospital in Jerusalem.”

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Yair Netanyahu, the prime minister’s son, launched a sharp attack against the new party founded by Ofer Winter, “Amcha Yisrael,” on Tuesday.

He also targeted Yoseph Haddad, who is ranked No. 2 on the party’s list, in a social media post.

Netanyahu claimed that the new party would lead to Prime Minister Benjamin Netanyahu losing the upcoming election to Gadi Eisenkot.

“Yoseph, if you are running alone, mathematically there can be no scenario other than the following three scenarios,” Netanyahu wrote. 

He outlined what he described as the possible outcomes as: “You do not pass the electoral threshold, burn votes from the right, and crown the Eisenkot-Yair Golan-Mansour Abbas government.”

Ofer Winter speaks during his party announcement event on August 25, 2026. (credit: MARC ISRAEL SELLEM)

“If you pass the electoral threshold and bring Smotrich below the electoral threshold, you crown the Eisenkot-Yair Golan-Mansour Abbas government.”

“If you do not pass the electoral threshold, but take enough votes from Smotrich so that he also does not pass the electoral threshold, you also crown the Eisenkot-Yair Golan-Mansour Abbas government.”

Netanyahu concluded his post by writing: “Mathematically there cannot be any other outcome. This is a fact, not an opinion. You will be remembered like the Tehiya Party is remembered as the party that brought the Rabin government and the Oslo disaster.”

Report emerges over Netanyahu’s connection to Winter

Following Winter’s announcement of his party, Channel 13 reported on information regarding his ties with the prime minister.

According to the report, in the first months after the October 7 massacre, Netanyahu met with Winter in several safe apartments in Tel Aviv. During those meetings, Netanyahu heard from Winter about “Winter’s plan to conquer Gaza.”

A source close to Netanyahu also said that “Winter is the biggest threat in the election.” The report added that another attack against Winter from Netanyahu’s circle is expected soon.

The report comes amid criticism of Winter after he rejected a reserved slot on the Likud list. Officials in the ruling party are concerned that Winter could “drink” many mandates, primarily from Likud and other parties considered part of the same political bloc.

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In Likud and among Prime Minister Benjamin Netanyahu’s associates, officials are already analyzing the scenario that could emerge the day after the election, where neither bloc secures 61 seats, no narrow government is possible, and the political system reaches a deadlock.

Under such a scenario, one option being discussed by Likud officials is a broad government with a rotation between Netanyahu and Yashar party head Gadi Eisenkot.

The main question occupying them at this stage is what Netanyahu could offer Eisenkot to convince him to join a rotation government with him, and how he could persuade him that the rotation agreement would be honored this time, following the precedent of the Netanyahu-Benny Gantz government.

Among the possibilities being raised in closed Likud discussions is advancing Netanyahu toward the presidency in the future, creating both an agreed political exit path for him and a political guarantee that the premiership would eventually pass to Eisenkot.

At this stage, these are strategic assessments and scenario analysis surrounding Netanyahu’s “broad government” campaign ahead of the election.

Gadi Eisenkot, head of the Yashar party attends a conference in the northern Israeli city of Haifa, July 9, 2026. (credit: Sharon Leibel/Flash90)

The premise behind the scenario is straightforward: Likud officials believe Netanyahu could finish the election without 61 seats, but they are also counting on the possibility that the opposing bloc will not have enough seats to form a government. If both sides remain unable to build a coalition, officials estimate that pressure to avoid another election could reopen the possibility of a unity government.

Netanyahu would serve first, then transition to presidential role

Eisenkot, if he enters the election leading a large force in the anti-Netanyahu bloc, is viewed as one of the main potential partners for such a move. According to the scenario being discussed in Likud, one possibility is that Netanyahu would serve first in the rotation, before later transferring the premiership to Eisenkot.

However, the obvious obstacle to such a move is the crisis of trust created by the rotation government with Gantz in 2020. Eisenkot would need a mechanism to ensure he does not find himself in the same position Gantz held at the time: a partner in a rotation agreement that was never implemented.

Against this backdrop, the possibility of the presidency is also being raised in discussions. According to the scenario, the date of the leadership transition could be linked to Netanyahu’s future move to the President’s Residence after Isaac Herzog’s term ends.

Those raising the possibility believe such a move could give Netanyahu an agreed political destination after ending his term as prime minister, while also giving Eisenkot greater confidence that the rotation would take place.

Even within Likud, officials stress that the presidential scenario is far from being a finalized plan, and some describe it as a remote possibility. However, it is already being discussed as part of an effort to find a mechanism that could overcome the trust issue.

According to one assessment being voiced in Likud, if the presidential scenario becomes relevant in the future, Netanyahu’s criminal trial would need to be resolved. From a legal standpoint, the argument in these discussions is that no automatic legal obstacle prevents a person facing trial from running for president; the more complex issue would be public and political.

Those raising the scenario believe that as part of a broader deal that would end Netanyahu’s term as prime minister and allow for the establishment of a stable government, it would also be possible to present such a move to the public.

Netanyahu calls for ‘broad gov’t’

The discussion also explains the line Netanyahu has promoted in recent weeks regarding the need for a “broad government.”

Likud officials estimate that Netanyahu understands that a 61-seat right-wing government is not a guaranteed outcome, and therefore believes it is important to prepare in advance a public and political foundation for the possibility of bringing figures from the opposing camp into the government after the election.

If the results show that neither bloc has a majority, Netanyahu would be able to argue that voters did not give either side a decisive victory and that, under such circumstances, there is no justification for leaving a large segment of the public outside the government.

The Gantz precedent, however, will remain central to any future discussions. Likud officials understand that Netanyahu’s political promise alone will not be enough.

Therefore, alongside the presidential idea, more practical mechanisms are also being examined in political discussions: commitments regarding the budget and no-confidence votes, legal mechanisms that would make it harder to violate the agreement, and even the possibility of depositing a resignation letter with a trustee, which would be activated if Netanyahu fails to uphold his commitments.

Likud officials also point to a fundamental difference between such a scenario and the Netanyahu-Gantz government.

If the election results leave Netanyahu without an independent majority and force him to rely on Eisenkot to maintain the government, that dependence itself would become another element of the guarantees system.

Unlike a situation in which the partnership could be dismantled and an alternative coalition formed, a breach of the agreement in this scenario could bring down the entire government. The number of seats Likud wins would also be decisive.

Likud officials estimate that, given current expectations, a result of more than 25-26 seats for Netanyahu would be presented as an achievement that would allow him to argue he remains the leader of a large political camp that cannot be ignored when forming a government.

By contrast, a significantly weaker result would damage his ability to demand the first turn in the rotation and would alter the balance of power in any future negotiations.

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The newer shingles vaccine has been turning heads since its link to lower dementia rates was reported two years ago. Now the same research team behind that observation has found an association between receiving the Shingrix shot and a reduced risk of heart disease.

There have been signals before of cardiovascular benefits in people who got the newer, recombinant vaccine to prevent shingles, a painful, often serious flare-up in older people of the chickenpox virus from childhood. Those who got Shingrix were less likely than unvaccinated people to have heart attacks, strokes, or heart failure. 

Read the rest…

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Meta’s child-safety reckoning has drawn plenty of comparisons to Big Tobacco, but cigarettes were never designed to learn what each smoker wanted next. 

But Instagram is. Its recommendation algorithms learn what keeps users watching, infinite scroll eliminates the natural stopping point and autoplay serves up the next video without waiting to be asked. Meta spent years making its platforms easier to keep using; now it may have to figure out how to make them easier to put down. 

Now Big Social Media is facing its Big Tobacco moment in court as four states—California, Colorado, Kentucky and New Jersey—try to prove that Meta designed Instagram and Facebook to keep young users hooked. Meta says it faces theoretical penalties of $1.4 trillion, but the bigger question for the product itself is what happens if Meta is forced to restrict features such as infinite scroll, autoplay, notifications and recommendation systems: the same machinery critics call addictive is also part of what makes Instagram compelling to use. These social-media cigarettes, in other words, could be getting a harsh new filter.

Larry Magid, a longtime online-safety advocate who has advised Meta on safety issues, thinks the cigarette comparison only goes so far. For years, he preferred a different vice: chocolate. Unlike cigarettes, Magid argues, social media can have real benefits. Young people can use it to maintain friendships, find communities, organize around causes and access information. He saw excessive use as a risk, but not evidence that the product itself was inherently harmful.

“The algorithms change the whole nature of it, and that’s where my chocolate metaphor went awry,” Magid told Fortune. A chocolate bar, after all, doesn’t refill itself.

Infinite scroll and autoplay do something closer to that. Magid likened the experience to a grocery store automatically delivering more chocolate bars whenever it notices the supply is getting low.

“It encourages gluttony,” he said.

Can Meta make Instagram less addictive without making it worse?

The analogy gets at the dilemma facing Meta. The features being challenged in Oakland aren’t obscure corners of Instagram. They help determine what people see, how easily they move from one piece of content to the next and, ultimately, whether they keep scrolling.

But simply ripping out the algorithm isn’t necessarily the answer.

Magid tried that himself. He switched his Facebook feed to chronological order, removing the recommendation engine that decided what he was most likely to want to see and found it boring.

“I actually went back to the algorithm because I actually found it was benefiting me in some ways,” Magid said.

That experience illustrates the line Meta may have to walk. A recommendation system can surface posts users genuinely want to see without necessarily manipulating them into staying. Magid said the better approach would be to make recommendations less aggressive and put more emphasis on a user’s “social graph”: the friends, communities and interests that person has actively chosen.

That would also represent something of a return to social media’s roots.

Magid has worked with Meta on safety issues since 2005, when Facebook had only recently expanded beyond college campuses to high school students. He has watched the platform shift from a network built largely around interactions among friends and classmates into one increasingly shaped by recommendations, influencers and content from strangers.

“What changed with Meta and other companies…is moving from being a truly social network where friends interact with friends, classmates, friends of friends, into being something that’s been driven by algorithms,” he said.

Magid currently serves on Meta’s Safety Advisory Council and Youth Advisory Council, as well as a safety advisory group for Meta Reality Labs. Meta does not currently make financial contributions to his nonprofit, ConnectSafely, though it compensates the organization for participation on advisory councils and content creation.

His proximity to the company has also given him a view into an increasingly difficult problem: The Instagram an adult sees may look nothing like the Instagram served to a teenager. Magid said his own Facebook and Instagram feeds are relatively benign. He sees aviation content, news and the occasional political disagreement. But some of the teenagers and young adults he speaks with describe something considerably darker.

“I am told by minors, by high school kids and young adults, that they have a very different experience than I do,” Magid said. “They are seeing misogyny, they’re seeing homophobia, they’re seeing racism.”

Personalization is what makes both experiences possible.

The same technology that can figure out Magid likes airplanes can learn what captures a teenager’s attention. That doesn’t make recommendation technology inherently harmful, he said, but it raises the stakes of what platforms choose to optimize for and how aggressively they keep serving more of it.

Magid said he would prefer feeds dominated by people users know and interests they have explicitly selected, with fewer recommendations pushed at them simply because the system predicts they will engage.

And he doesn’t think that necessarily has to hurt Meta’s business. If the company is required to dial back some of its recommendation systems or engagement features for younger users, Magid said the result could increase trust without dealing a major blow to Meta’s revenue.

“I personally don’t think that’s going to have a huge impact on their revenue,” he said. “I think, in fact, it might increase their revenue if it creates more trust.”

Meta has told Fortune that less than 1% of its revenue comes from teens on Instagram. The company disputed the states’ allegations, arguing they have not shown that people in their states were harmed by the features at issue and saying it has created strong protections for teens.

But Magid doesn’t want the answer to be kicking teenagers off social media altogether. He still sees access to online communities and expression as valuable for young people. Instead, he wants Meta to build a version of the product that gives teenagers more control over what reaches them and puts less emphasis on keeping them engaged for as long as possible.

In other words, the challenge isn’t making Instagram something teenagers don’t want to use. It’s making an Instagram they can more easily choose to stop using.

Meta’s board can’t unlearn what comes out in court

Changing the product may not be Meta’s only challenge. There is another reason the company may have to respond even if it ultimately prevails in Oakland: Its board can’t unlearn what comes out at trial.

The trial is creating a public record of internal documents, testimony and allegations about what Meta knew about potential harms to young users and how people inside the company responded. For Meta’s board, that information could matter long after a verdict.

Stavros Gadinis, a professor at UC Berkeley School of Law who specializes in corporate governance, said directors generally have substantial protection when they make business decisions after consulting lawyers and advisers. But the more information that surfaces about a serious corporate risk, the harder it becomes for a board to argue it had no reason to intervene.

“The plausible deniability that they were able to, let’s say, defend up to this point retreats a little bit,” Gadinis told Fortune. “It becomes harder and harder and harder to defend as more and more evidence surfaces.”

Gadinis emphasized that the legal bar for holding directors responsible for failing to oversee corporate risks is high. The Oakland case does not automatically create liability for Meta’s board, and even a victory for the states would not mean directors themselves violated the law.

But a loss could make the risks confronting the board going forward harder to ignore.

“If Meta lost the trial, and the court found that indeed the plaintiffs are right and the effects are as they described, that would definitely be a red flag,” Gadinis said. “That would definitely put the board on notice that you cannot keep behaving like that.”

Meta is already facing such a warning from New Mexico, where a jury earlier this year found the company liable for 75,000 violations of the state’s consumer protection law in a separate child-safety case. Meta is appealing. Even a victory in Oakland would require looking at why Meta won, Gadinis said. A decision rejecting the states’ underlying theory would send a different signal than a victory because prosecutors failed to prove one element of their case.

For directors, the distinction matters because the next legal question could be less about what Meta did before these trials and more about what it does after them.

“What’s done is done,” Gadinis said. “They cannot change what they’ve done in the past, but they can always change what they’re doing in the future.”

That puts Meta’s product and its board in versions of the same predicament. The company is learning more about the potential risks created by systems built to maximize engagement, while courts are considering whether those systems cross a legal line. Ignoring that information becomes harder each time another case puts it on the record.

This story was originally featured on Fortune.com

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International Atomic Energy Agency (IAEA) Director-General Rafael Grossi met with US Energy Secretary Chris Wright and discussed nuclear non-proliferation issues, including Iran and Grossi’s recent visit to Syria, Grossi announced in a post on X/Twitter on Tuesday evening.

Grossi arrived in the US ahead of the launch of the IAEA‘s initiative ATLAS, designed to aid the deployment of civil nuclear applications at sea, including nuclear-powered ships and floating nuclear power plants to support trade and provide energy for remote communities and industries. 

Nuclear material in Syria was discovered and collected by the IAEA, Syrian Foreign Minister Asaad Hassan al-Shaibani said in a joint press conference with Grossi on August 18.

“We will provide the necessary conditions for handling nuclear materials and storing them safely,” said Shaibani, who further noted that Damascus, “on its own initiative,” permitted the IAEA to access the site.

Rafael Mariano Grossi, candidate for the position of the next Secretary-General, speaks during a dialogue with delegations while candidates for the position of new United Nations Secretary General are interviewed at U.N. headquarters in New York City, U.S., April 21, 2026. (credit: EDUARDO MUNOZ / REUTERS)

Syrian authorities working with IAEA over Assad nuclear legacy

Since the ouster of former president Bashar al-Assad in late 2024, Syria‘s new authorities have committed to working with the United Nations’ nuclear watchdog to address the legacy of nuclear activities during decades of Assad family rule.

Grossi said the agency accessed the site after the Syrian government notified it.

Syria is not known to hold operational stockpiles of nuclear material for a weapons program, but Israel bombed a suspected Syrian nuclear reactor in 2007 in the country’s eastern province of Deir Ezzor.

Reuters contributed to this report.

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Israel Police on Tuesday arrested a 33-year-old Bnei Brak resident suspected of stabbing a bus driver in Ramat Gan last week.

According to the police, a confrontation had broken out last Tuesday between the motorcycle rider and the bus driver over a road-use dispute. During the confrontation, the driver was stabbed, while the suspect, working as a Wolt delivery courier, left the scene and fled.

The bus driver was lightly injured and taken for medical treatment. Meanwhile, investigators from the Bnei Brak and Ramat Gan police stations opened an investigation and began collecting evidence to identify the motorcycle rider and locate him.

During the investigation, detectives identified the suspect and tracked him to Tel Aviv.

 Wolt (credit: SHUTTERSTOCK)

Suspect to be brought before court 

A further finding was discovered during a search conducted after the arrest: Inside the Wolt delivery box attached to the motorcycle, which the suspect uses as part of his work as a courier, detectives found spiked objects and scissors.

The suspect was taken for questioning at the Bnei Brak, Ramat Gan police station and was detained at the conclusion of the interrogation.

He is slated to be brought before the Tel Aviv Magistrate’s Court on Wednesday morning, where police will request an extension of his detention and continue investigating the circumstances of the stabbing.

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Oklahoma nurse and activist N’kiyla Jasmine Thomas, who ran a campaign with anti-AIPAC messaging, defeated centrist Jim Priest in a Democratic Senate primary runoff on Tuesday that marked the latest victory for a progressive politician in a solidly conservative state.

The Associated Press called Tuesday’s race, a sequel to the state’s June primary, less than an hour after polls closed. By the time 80% of votes were tallied, Thomas had accrued 59.9% of the votes to Priest’s 40.1%. 

Like many progressives in the current election cycle, she repeatedly vowed during her campaign to reject funds from the American Israel Public Affairs Committee, the influential pro-Israel lobby.

Although AIPAC has not participated in this race, Thomas posted a social media reel in November that showed her pulling a giant red trash bin, labeled “AIPAC Funds” and “Corporate PAC Funds.” Adjacent to the reel is a caption that reads, “Just taking out the trash.”

“I am a sole grassroots candidate,” she said in the reel. “And we are not accepting AIPAC or corporate PAC funds. It’s garbage.”

Asked about her rhetoric on AIPAC, Thomas told the Jewish Telegraphic Agency in a written statement that her “concerns [with AIPAC] have NEVER been about Jewish people, Judaism, or Israel’s existence,” adding that she instead prioritizes human rights, civilian lives and the accountability of all governments.

“When I discuss political influence or organizations, my focus is on the broader role of money, lobbying, and special interests in our political system, not on any one religion or community,” she added. 

In their previous matchup, a five-candidate race, neither candidate had earned the majority required to secure a win. Thomas earned 45% of votes in June, while Priest, a lawyer and ordained minister, accrued 24%. 

Heading into Tuesday’s runoff, it was already clear that both Thomas and Priest would be longshots this November in a state that hasn’t sent a Democrat to the Senate in more than three decades. The Republican opponent, Rep. Kevin Hern, swept his primary and has the endorsement of President Donald Trump.

But Thomas’s win served as yet another litmus test on the potency of progressivism in a deep-red state, just a week after democratic socialist Angie Nixon trounced a moderate candidate in Florida’s Democratic Senate primary. 

Thomas, unlike Nixon, is not a member of Democratic Socialists of America, but she has openly identified with socialist policies. The 31-year-old is a citizen of the Chickasaw Nation who says she represents “the next generation of leaders.” Among her priorities are women’s health and safety, civil rights and LGBT protections. 

During a debate this past Saturday, both Thomas and Priest described a “genocide” in Gaza. Priest linked the word to Israel, while Thomas connected it to the actions of Prime Minister Benjamin Netanyahu. 

She emphasized that “we can be for our Jewish brothers and sisters, and we can be against Netanyahu and what he is doing.” 

“He is committing genocide. He is absolutely murdering children,” Thomas said at the debate. “We have to stop providing funding for these wars.”

In her statement to JTA, Thomas expressed her commitment to a two-state solution, adding that “both Israelis and Palestinians deserve the opportunity to live in peace, security and self-determination.”

This post was originally published on here. 

Many people who face a heightened likelihood of heart disease and heart attacks can take protective measures, whether by adjusting their lifestyle or starting medication. But 1 in 5 people carry a risk factor that isn’t so easily addressed. 

This gap in medicine is also a potentially massive market for drugmakers, which are advancing experimental treatments for the risk factor through late-stage trials, including front-runner Novartis.

Their target is what’s known as Lp(a) — or, as it’s commonly said, “L-P-little-A.” If you have high levels of Lp(a), it’s largely because of genetics, and there’s not much you can do about it. 

Continue to STAT+ to read the full story…

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The flip side of each new discovery about women’s health is a history of research neglect. Now, as federal funding becomes increasingly precarious, some advocates, academics, and executives are appealing to another incentive. 

It’s called the profit motive. 

If disparities in women’s health were fully addressed, a 2024 World Economic Forum report estimated, by 2040 that could boost global economic productivity annually by $1 trillion. In the U.S., that would mean recovering about $300 billion in lost economic productivity.

Continue to STAT+ to read the full story…

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The biggest surprise over a medical career is how often you find yourself surprised. Theories perfect on paper flounder in the real world. Proposed treatments that fit our understanding of disease will unexpectedly fail human trials. Cells, organs, human bodies, and health care systems are complicated, so as a doctor, you train yourself to be humble and wait for data that might not arrive for years.

But we still make predictions, and often find ourselves startled by the outcome. Like many people, I assumed several things would happen after Roe v. Wade was overturned: Abortion rates would fall, infant and maternal deaths would both worsen, and doctors practicing in states where abortion become heavily restricted would flee to other parts of the country.

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Earlier this month, New York made medical aid in dying available for terminally ill New Yorkers with less than six months to live. Unlike most states, however, New York has added an unusual safeguard: In order to receive life-ending medication, patients must record their oral request on audio or video.

The recording requirement makes vivid how much this law depends on patient choice. Proponents of medical aid in dying (MAiD) — the practice of allowing terminally ill patients to obtain medicine they can use to end their lives — argue that as long as there is no undue influence, giving people the choice to end their lives on their own terms empowers them. The recording simply helps to prove that the choice really was the patient’s.

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For many Gen Zers, becoming a “tradwife” is the dream—with even teen girls taking to TikTok and sharing how they’re ditching aspirations of holding down a corporate career, in favor of getting married, having a family, and being supported by a doting partner. But now, research reveals exactly how much a husband (or wife) would need to earn to afford that lifestyle in the U.S.—and perhaps surprisingly, in most states, it’s below six figures.

That’s according to new research from the financial advisory software SmartAsset, which ranked all 50 U.S. states by the minimum income one parent needs to earn to support their partner staying home to raise a single child.

For the average American family, one parent would need to earn around $80,000 to sustain the other quitting their job to raise one child.

It’s perhaps lower than you’d expect. 

Although the researchers say it costs a staggering $40,000 before tax to raise a child, a stay-at-home parent cuts out the single biggest cost: daycare. And of course, the bigger the family, the bigger the salary needed. Plus, this figure is the minimum needed—not counting any extra life extravagances like the annual family holiday, private school, or a bigger home.

Hawaii is the most expensive state to be a stay-at-home-parent—you’d need to earn over $102,000

Some states make the “tradwife” dream a lot more affordable than others.

In West Virginia, Arkansas, Mississippi, Kentucky, and North Dakota, a single-earning parent could support a stay-at-home spouse for under $71,000 a year—the lowest on the ranking.

Meanwhile, Hawaii sits at the opposite extreme. A single earner there needs to bring in at least $102,773 a year just to cover basic expenses for two adults and a young child. If both parents work instead, the household needs $119,226 between them—and even then, daycare alone runs about $33,363 a year.

California isn’t far behind, requiring a single income of $97,656 to support a stay-at-home parent, and a single earner in Massachusetts can support the family on a slightly lower $97,261.

But be warned: the full American Dream costs a lot more than an $80K salary can support 

If you want the American Dream—the house in the suburbs, two children, and a cabriolet in the drive—it’ll cost you millions. Not thousands.

While research shows stay-at-home parents can raise one child on less than $100,000, that figure might be conservative or involve a lot of skimping. That’s because when you take into account needing to buy a home, forking out for kids’ college tuition and maybe even a pet, the price tag explodes.

The financial media site Investopedia has done the math and calculated that achieving those milestones now costs a staggering $4.4 million. 

Plus, as inflation squeezes workers in a cost-of-living vise, paired with spiraling housing costs and AI cutting paychecks, the salary it takes to be considered comfortable could keep climbing. Just look at Gen X retirees, a quarter of whom have had to go back to work because the cost of staying retired outpaced what they’d saved for it. Proof that today’s “comfortable” number is no guarantee of comfort a decade from now.”

The income needed for one parent to stay home in each state

  1. Hawaii: $102,773
  2. California: $97,656
  3. Massachusetts: $97,261
  4. New York: $92,290
  5. Connecticut: $90,542
  6. Washington: $90,459
  7. New Jersey: $89,918
  8. Maryland: $87,651
  9. Colorado: $86,320
  10. New Hampshire: $85,800
  11. Vermont: $85,488
  12. Alaska: $84,594
  13. Arizona: $84,573
  14. Virginia: $84,261
  15. Oregon: $84,074
  16. Rhode Island: $83,346
  17. Utah: $82,410
  18. Idaho: $82,139
  19. Maine: $81,786
  20. Nevada: $81,453
  21. Delaware: $80,600
  22. Pennsylvania: $80,059
  23. Illinois: $79,102
  24. Montana: $79,082
  25. Florida: $78,998
  26. Minnesota: $78,000
  27. Georgia: $77,563
  28. Wyoming: $76,045
  29. North Carolina: $75,608
  30. Tennessee: $75,525
  31. New Mexico: $75,067
  32. Texas: $74,734
  33. Michigan: $74,173
  34. Iowa: $74,006
  35. South Carolina: $73,694
  36. Wisconsin: $73,507
  37. Indiana: $73,320
  38. Louisiana: $73,258
  39. Missouri: $73,174
  40. Kansas: $73,174
  41. Nebraska: $72,966
  42. Alabama: $72,238
  43. South Dakota: $72,218
  44. Ohio: $72,114
  45. Oklahoma: $71,718
  46. North Dakota: $70,949
  47. Kentucky: $70,408
  48. Mississippi: $70,242
  49. Arkansas: $68,141
  50. West Virginia: $68,099

This story was originally featured on Fortune.com

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Applications are currently being accepted for 29 affordable co-op apartments across three buildings in West Harlem. Located on West 134th Street between Broadway and Amsterdam Avenue in the Manhattanville section of Harlem, the buildings are part of a program that converts city-owned properties into affordable Housing Development Fund Corporation (HDFC) co-ops for low- and moderate-income households and renovates the units in the process. A housing lottery is now open for the apartments, which are eligible for New Yorkers earning 70 percent of the area median income (AMI). Prices range from $194,930 for a two-bedroom to $236,456 for a three-bedroom.

The five-story buildings, at 505 West 134th Street, 523 West 134th Street, and 527 West 134th Street, were converted to co-ops under the city’s Affordable Neighborhood Cooperative Program (ANCP), which helps developers rehabilitate city-owned multi-family properties and convert them into affordable co-ops.

The West Harlem project was led by community development nonprofit LISC and redeveloped by ELH Management. Plans for the project were first announced in 2022, when construction financing was secured.

Photo courtesy of HPD
Photo courtesy of HPD

As part of the program, upon completion, ownership of the building will be transferred to three new tenant-controlled HDFCs. The buildings’ 43 existing tenants were given the opportunity to purchase the renovated apartments for $2,500. The remaining vacant units are available through this lottery, set aside for qualified buyers earning 70 percent of the AMI.

To qualify to purchase the homes, buyers must occupy the home as a primary residence, secure a mortgage, and pay a 3 percent down payment. Monthly maintenance fees run between $847 and $1,429.

Units feature hardwood floors, energy-efficient appliances, and smart controls for heating and cooling.

The city will host an informational webinar on August 27, 2026, at 6:30 p.m.

Qualifying New Yorkers can apply for the co-ops until September 8, 2026. Find more details on how to apply here.

Questions regarding this offer must be referred to NYC’s Housing Connect department by dialing 311.

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The post 29 affordable co-ops in West Harlem available, from $195K first appeared on 6sqft.

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Anthony Scaramucci strides into the seaside ballroom of Bermuda’s plush Hamilton Princess hotel sporting a well-tailored suit, a spangled American flag pin, a Mickey Mouse watch, and plenty of hair gel.

Scaramucci is here to talk up his hedge fund’s latest SALT investors conference. But prior to our interview, he tells me, he was yukking it up with Bermuda’s premier, E. David Burt. Scaramucci, proud of his youthful appearance at age 61, says he shared a favorite one-liner extolling darker complexions: “Black don’t crack,” he recalls telling Burt—“but beige don’t age!”

This is “the Mooch”— a nickname Scaramucci picked up in childhood—on full blast, entertaining and outrageous. His body pulses with energy and he talks in a rapid stream, his nasal Long Island accent peppered with F-bombs.

Most Americans encountered the Mooch for the first time in 2017.  That’s when Scaramucci got a gig as first-term President Donald Trump’s communications director, only to yap his way out of that job after 11 days. His fleeting tenure became fodder for late-night comics and social media wags, who coined the metric of “a Scaramucci” to measure the length of a failed short-term stint.

It’s hard to come back from an episode like that. Yet Scaramucci has somehow done just that, and eight years later, he has evolved into something new—arguably, one of the most influential voices in American politics and finance.

In the last few years, Scaramucci has parlayed his disastrous White House foray into a role as one of Trump’s most arch critics, often drawing on his personal knowledge of the man he worked for during the 2016 presidential campaign. Using his massive social media following and his cohosting of the popular The Rest is Politics: US podcast, Scaramucci has won over a legion of unlikely fans across the political landscape. At the same time, his popular crypto-focused SALT conferences have attracted leading celebrities and business figures and, along with his hedge fund, helped Scaramucci amass a personal fortune of nearly $200 million.

The Mooch’s brassy schtick is still there, but now he has something serious to say. Wielding insights gleaned from world history and his voracious reading, he offers Americans a compelling road map to transcend the crassness and culture wars of the moment.

A formative trip to Disney World

Scaramucci’s childhood was about as far removed as you can get from the Hamilton Princess. The son of a crane operator on Long Island, his family did not go to five-star hotels—or really anyplace—except, he recalls, one precious vacation to Miami Beach when he was 12. That was the time he and his brother persuaded their father to take them to Disney World.

“I’ve got to give my old man credit for this, because he really didn’t want to do this,” he tells me. “I mean, this poor son of a bitch—chainsmoker, Scotch drinker, blue-collar worker—all he wanted to do was lay on the beach, but I got his ass in a bus, and we went from Miami Beach up to Orlando.”

The four-hour bus ride allowed for barely half a day at the theme park, but that was enough to leave Scaramucci with indelible memories, an abiding love of the Magic Kingdom, and a swelling desire to get rich and have all the things his family could not then afford. Five decades later, his eyes are a pool of wonder and pain as he recalls the trip.

“I’m a big Disney fan and I’ve spent almost a year of my life on Disney property,” Scaramucci says, twisting his Mickey Mouse watch. (An incorrigible name-dropper, the Mooch can’t help but add that the company’s CEO, Bob Iger, is a good buddy.)

Though he doesn’t say so, that glimpse of the Happiest Place on Earth likely was a salve for Scaramucci, who has said that he experienced poverty and domestic violence as a child. He’s a quiet benefactor of former Yankee manager Joe Torre’s Safe at Home Foundation, a charity that provides services to children who have experienced trauma.

Scaramucci’s path to upward mobility was aided by charisma, as well as a sharp intelligence that got him into Harvard Law School and helped him land a job at Goldman Sachs (which he was later fired from, and then rehired by the firm). The head of the trading desk at Goldman tagged the young Scaramucci with the nickname Good Will Hunting, after the Matt Damon character in the 1997 film about a genius who works as a janitor at MIT. “He’s like, ‘You know a lot more than you’re willing to admit at the card table,’” Scaramucci recalls.

At Harvard Law School, Scaramucci had been brash and popular, the kind of guy who proposed to his first wife on a Times Square billboard. He also held his own academically, earning an A- from the famous constitutional law scholar Laurence Tribe. But unlike many of his fellow students, Scaramucci didn’t profess any aspirations to use his legal training for the greater good, or to be a thundering moral figure like the fictional criminal defense attorney Atticus Finch, a classmate has written of him. Instead, he seemed aligned with his working-class parents’ view, as published in the 1989 Harvard Law yearbook:  “To the victor go the spoils,” they wrote in a congratulatory note.

Following law school, Scaramucci twice failed the New York bar exam, but he got his spoils all the same. After a seven-year stint at Goldman Sachs, he realized he could make even more money by starting his own hedge fund, Oscar Capital, which he would go on to sell to another financial giant in 2001. Four years later, he started his current fund, SkyBridge Capital.  

Today, a source close to Scaramucci said his net worth is at the higher end of the $150 million to $200 million range (the exact value has fluctuated significantly, since most of his portfolio is in the volatile crypto sector). That fortune was amassed primarily from personal investments and fees he collects from his fund, SkyBridge Capital, which oversaw $2.6 billion in assets at the end of 2024. He is also an author, earning royalties from The Little Book of Hedge Funds and several other books.

Not everyone is impressed by Scaramucci’s business acumen. Upon learning I was writing this profile, a general partner at a crypto venture capital fund fumed that Scaramucci was “dumb as a bag of rocks” when it came to finance, and that his success came entirely from his skills as a networker.

John Darsie, the CEO of the SALT franchise, dismisses such criticisms. He says that while Scaramucci has never held the role of chief investment officer at SkyBridge, he has always been instrumental in supplying the broad strokes of the firm’s investment strategy. Darsie also credits Scaramucci with making a series of critical pivots when the firm was on the rocks.

Those include dropping Skybridge’s original focus on hedge-fund seeding to embrace instead a fund-of-funds model, which Scaramucci pulled off by acquiring a unit of Citi bank in 2010. Then there’s SkyBridge’s 2020 pivot to crypto, which now makes up 70% of the fund’s portfolio alongside its investments in big hedge funds such as Millennium Management Global Investment and Elliott Management, and bets on credit and private equity.

In early 2025, Scaramucci himself held over 60% of his net worth in Bitcoin, he told the Substack The Profile. Despite being a tireless booster of cryptocurrency, he has never pretended his embrace of the sector is rooted in some higher ideal. Instead, he says he bought Bitcoin to get rich—a refreshing take in an industry where many pose as reformers bent on democratizing finance.

Scaramucci says he first encountered Bitcoin in 2012, and describes meeting Hal Finney, the late computer scientist who was party to the very first transactions. He admits he did not see the value proposition at the time—SkyBridge’s first Bitcoin purchase came in 2020—but says he agrees with the philosophy that sees the currency as an antidote to the reckless printing of money by central banks and governments.

“If you could say one thing about the last 100 years, central bankers have been drunk drivers,” he says. “Bitcoin takes the keys away from the central bankers.”

Adventures, and misadventures, in crypto-land

The 1609 Bar is a short beachward walk from the Hamilton Princess lobby. Its ample windows offer sumptuous views of Bermuda’s picturesque harbor. On this April evening, the SALT conference guests are sipping Rum Swizzles—the national drink—and Dark & Stormys while chattering loudly about crypto projects.

This is the 25th such gathering for SALT, which stands for SkyBridge Alternatives, and began in 2008 as a forum to discuss non-mainstream investments.  This year’s event in Bermuda has drawn some of the industry’s leading figures, but it’s no 2022.

That’s the year Scaramucci’s firm cohosted the most famous—and infamous—gathering in crypto history. It took place in the Bahamas, another island nation with aspirations of supplementing its tourism economy by becoming a digital assets hub. The A-listers in attendance included Tom Brady, Bill Clinton, Katy Perry, and Shark Tank‘s Kevin O’Leary.

The main draw, though, was the other cohost—a schlubby crypto tycoon named Sam Bankman-Fried, who was heading to the apex of his fame. Known to everyone as SBF, Bankman-Fried ran the crypto exchange FTX, then valued at $25 billion, which co-sponsored the conference and was spending lavishly on political donations, acquisitions and endorsement deals. Shortly after the Bahamas gathering, SBF also bought a 30% stake in Scaramucci’s fund, SkyBridge, as part of a broader $67 million investment.

Months later, it all came undone when FTX collapsed and it became clear that billions in customer funds were missing. The fallout ensnared many prominent figures in the crypto world, including Scaramucci. The repercussions included a series of clawback lawsuits seeking to recover assets that Bankman-Fried had spent or transferred. Some of these lawsuits are still ongoing, including one aimed at Scaramucci and SkyBridge.

Scaramucci does not appear humbled by the SBF debacle, and is quick to claim that Bankman-Fried’s $67 million investment was not what it seemed. That’s because a hefty portion of it came in the form of so-called “Sam coins”—new cryptocurrencies the con man spun up and passed around like so many magic beans. They became worthless after FTX’s collapse.

Meanwhile, the broader crypto world has moved on. In Bermuda, SBF’s crimes do not come up as the SALT guests toast to the price of Bitcoin crossing $100,000, and enthuse about stablecoins and AI-infused blockchains.

Scaramucci, who has a near-photographic memory, banters easily with guests and hotel staff alike. Hosting a multiday conference is grueling work, but Scaramucci looks remarkably fresh—a testament to his natural vigor and, perhaps, his elaborate self-care regime. That regime, he told the FT, involves injections (“I’ve probably taken more Botox needles to my forehead than any 60-year-old I know”), PRP doses to keep his hair thick, and regular visits to a woman he describes as the best colorist in Manhattan.

Hovering over a buffet spread, he snatches an hors d’oeuvre and catches my eye. “They call me the Mooch for a reason,” he says with a grin. It’s a line he has no doubt used hundreds of times, but it still lands.

Scaramucci can slip into the full-wattage version of the Mooch in an instant, parceling out jokey lines and chummy confidences at will. These qualities have led some to observe that Scaramucci’s true talent is as a connector: someone who can read the room, and draw together some of the world’s most powerful and influential people.

It’s no wonder that in 2016, a former reality-show host and fellow New Yorker who was still trying to learn the ropes as a professional politician found a high-profile role for Scaramucci in his presidential campaign.

The shortest White House stint

The Mooch now sees his time working for Trump as a low point in his life. “My wife and I almost got our asses divorced,” he says. “She hates Trump almost as much as Melania does.”  

The Scaramuccis’ near divorce came in 2017, a year when the Mooch became a star in Trumpworld, and a polarizing figure in Washington, D.C. Deidre, Scaramucci’s second wife and the mother of two of his five children, was ready to leave after he missed the birth of his youngest son to attend a Boy Scouts event with Donald Trump. “But also,” Scaramucci reflects, “we were fighting about other things.”

Things are steady now. After getting over his brief intoxication with political power, Deidre says, her husband has grounded himself by embracing the bookworm and homebody sides of his personality. Even at home, though, he relishes being the Mooch, Deidre says when I reach her on the phone shortly before Independence Day: Her husband has been parading around the house in his “It’s not the Fourth of July until my wiener comes out” T-shirt.

In Bermuda, Scaramucci proudly shows a tattoo on his ring finger that he got after the near-divorce: “That’s Deidre—the letter D in her handwriting, on my wedding finger.” Deidre got his initial on her finger too. Instead of ending his marriage, Scaramucci had a rather spectacular breakup with his employer, who fired him after the Mooch criticized two other top lieutenants in the first Trump administration, Reince Priebus and Steve Bannon, in a profanity-laced interview with the New Yorker.

In the years since his dramatic exit from public service, some of Scaramucci’s jibes at Trump have come in the form of cheap laughs, including one about how the orange of his Mickey Mouse wristband is more fetching than Trump’s complexion.

But he also takes every opportunity he can to issue what he sees as a serious warning: Scaramucci—who still identifies as a Republican—claims the president is running the same playbook as the leaders of fascist Germany. And like others who spent time in the inner circle of Trump’s White House, he has since become a vocal critic of a man he calls malevolent and amoral.

Unsurprisingly, Trump no longer thinks highly of Scaramucci either. Following his second election victory, the President took to Truth Social to blast his former staffer as “a major loser who was fired from the administration after only 11 days.” Reached for comment on this story, White House spokesman Kush Desai told Fortune: “No one cares about what Scaramucci thinks or says.”

Anthony Scaramucci answers reporters' questions during the daily White House press briefing in the Brady Press Briefing Room at the White House July 21, 2017 in Washington, DC. White House Press Secretary Sean Spicer quit after it was announced that Trump hired Scaramucci, a Wall Street financier and longtime supporter, to the position of White House communications director.
Anthony Scaramucci at the White House in 2017.
Photo by Chip Somodevilla/Getty Images

Scaramucci’s ongoing and vocal critiques of the President come at a time when most in the crypto sector are falling over themselves to praise the President’s deregulatory policies, which include dropping a slew of SEC investigations and disbanding a Justice Department unit that specialized in blockchain. Trump is now an honorary crypto bro himself, as he and his sons pocket tens of millions selling memecoins, so Scaramucci risks crossing not just the White House but his own industry by speaking out. 

He says many of his banker and hedge-fund friends quietly agree with him, and he wishes they would do the same. “My buddies on Wall Street, who know better,” he says, “they don’t have the balls to speak out.”

Beneath the brashness, a sober and historic worldview

Scaramucci tugs on my sleeve to emphasize his latest point. After 40 minutes, his energy hasn’t flagged a whit. To borrow from Walt Whitman, the Mooch is out of the cradle, endlessly rocking.

Yet this colorful Mooch persona—which he describes as an “Italian exoskeleton”—hides an inner Scaramucci who is deeply contemplative. Unlike those who treat reading as a pretext to name-drop a title they have half-skimmed, Scaramucci’s literary range is authentic and impressive.

Onstage, on his podcast, and in our conversation, Scaramucci effortlessly weaves in references—along with plenty of profanity—to the historian Barbara Tuchman; Thomas Hobbes’ Leviathan; and Lessons in Chemistry, a popular 2022 novel about a California woman who perseveres in science in the face of blatant sexism.

Scaramucci’s love of the novel reflects another aspect of his personality: a perhaps unexpectedly feminist side. Katty Kay, a prominent former news broadcaster who cohosts The Rest is Politics: US, says that Scaramucci stands out from other men. “One of the things that my female friends particularly say they like about the podcast is the respect he shows me,” she tells me. It may seem a low bar, but Kay says this has been a refreshing change from other male coworkers, and a stark contrast with political forums where, she says, research shows men typically speak 30% more than women.

While Scaramucci was her second choice as cohost (she had initially sought the author Michael Lewis), his popularity with listeners has helped The Rest is Politics: US become the fastest-growing political podcast in the world with over 7.5 million audio and YouTube plays every month. Kay attributes this success in part to Scaramucci’s ability to offer listeners—especially those outside the U.S.—a perspective they rarely hear: that of an American who grew up in the working class.

Scaramucci’s own politics, meanwhile, are hard to pin down. He describes himself as libertarian-leaning and faithful to the GOP, but was tapped as a surrogate for the Harris-Walz presidential campaign. He is vociferously anti-Trump but also impatient with the knee-jerk identity politics of some on the left. Most of all, though, Scaramucci is fixated upon an earlier era of American greatness—one centered on very different values than the current MAGA movement.

He cites former Secretary of State Dean Acheson’s memoir Present at the Creation, about the U.S. creating a peaceful world from the ashes of World War II by helping its onetime enemies to rebuild. Juxtaposing it with the petty, retribution-driven political climate of today, he is struck by that American generation’s commitment to raising living standards worldwide, and reducing global conflict.

“They didn’t punish the vanquished,” he says. “They supported the vanquished. They built a world order. They integrated the system.”

Now, though, Scaramucci says the memory of the horrors, collective trauma, and brave sacrifices of the WWII era has faded from public memory, opening the door for would-be oligarchs to impose a new political order. Citing U.K. historian Laurence Rees’s new book The Nazi Mind, he runs down the warning signs as he sees them in Trump’s actions: his spreading of conspiracy theories; the use of “us and them” rhetoric; leading as a hero; eliminating resistance; and so on.

And despite his own connections in Silicon Valley, Scaramucci worries that the so-called tech-broligarchy, and their MAGA allies, are failing to carve out a place in society for ordinary Americans. He is particularly incensed by the current vogue among tech leaders for Curtis Yarvin, the once-fringe far-right blogger who proposes replacing U.S. democracy with a CEO-led monarchy.

Their prescription, Scaramucci warns, threatens to replace the American dream with a society where a small elite lives behind barbed wire in mansions, and ordinary people struggle for a decent living. This country, he says, needs a leader who has imbibed the lessons of history.

“If you had the right transformational leadership in the country, you could go to the American people and say, ‘Listen, here is your heritage, and here’s what your future could be,’” he says. “’Or you could have a dystopian future, which is what JD Vance wants you to have.’”

A future in politics?

All of this raises the question of whether Scaramucci has ambitions for political office himself. He certainly has the name recognition, with his 1 million X followers and large podcast audience. Scaramucci is also collaborating with the celebrity business professor and podcaster Scott Galloway to develop a mentorship program called Lost Boys to help boost young men—a demographic that is flailing badly, and one that the Democratic Party desperately needs to win back.

Could the Mooch complete his jester-to-statesman evolution by running as a charismatic centrist who can bring the U.S. into a post-partisan age? 

“Where would I run?” he asks when I put the question to him. “I can’t run as a Republican—that’s JD Vance’s party. Okay, so I’m gonna run in AOC’s party?” he scoffs, adding that his wife would castrate him if he tried to return to politics.

In any case, Scaramucci has a fund and crypto empire to run and a family to focus on, including his second son’s directorial debut at the Tribeca Film Festival, with a film titled, fittingly, Money Talk$. (Its main character is a $100 bill.) Kay, his podcast host, points out that he is also incapable of spending any length of time away from Long Island, where his mother, whom he sees often, and extended family all live close by.

“Some people have said, ‘If Trump is elected, I’m going to leave,’ or ‘If he starts coming after me, I’m going to leave,’” she says. “Anthony? He’s not going anywhere.”

As our interview wraps up, word is out that the Vatican has just chosen its first American pope, and Scaramucci rushes off to offer his two cents on a podcast, before it’s time to get onstage for his conference’s keynote address.

Being a politician or statesman may have its appeal one day, but for now, Scaramucci is having plenty of fun just being the Mooch.

This story was originally featured on Fortune.com

This post was originally published here. 

Bill Gates, the cofounder of Microsoft, turned billionaire philanthropist, is a self-professed optimist when it comes to artificial intelligence. He’s had a front-row seat to its greatest advancements and believes it will help cure diseases and address inequality.

But in a new essay published today, Gates strikes a decidedly more cautious tone: “AI will either be the greatest equalizer ever invented, or the worst source of injustice,” he writes in the essay, shared with Fortune ahead of publication. “The challenge is monumental.”

Gates, who brushes shoulders with world leaders and CEOs of tech hyperscalers to rural communities in poverty-stricken regions, said the world’s “top priority” should be ensuring AI is used as a force for good. But he continued: “Unfortunately, right now we are not preparing for it. I don’t see evidence that leaders, experts, and communities are confronting the challenges adequately. There is no plan to ease the entry into the AI era.”

Indeed, artificial intelligence is advancing at such a pace that not only policymakers, but even its creators, are having to continually reassess its capabilities. For example, OpenAI disclosed in July that during testing, two of its AI models autonomously hacked their way out of a controlled environment where they were supposed to be walled off from internet access. They then hacked their way into the systems of Hugging Face, a company that hosts open-source AI models and testing resources, in order to cheat on the internal evaluation test.

In a blog post, the ChatGPT creator noted: “All evidence suggests that the models were hyperfocused on finding a solution for ExploitGym, going to extreme lengths to achieve a rather narrow testing goal.” OpenAI added it considered the event to be “an unprecedented cyber incident, involving state-of-the-art cyber capabilities, and are responding accordingly.”

Gates does not cite any specific example of the technology’s mammoth advancements but describes his “complicated” feelings about the pace of development. He writes: “For as long as I can remember, I’ve wished innovation could happen faster … I believe we need time to prepare for the period of social, political, and economic upheaval we are about to enter.”

Three risks

In the nearly 6,000-word essay, Gates lays out three major risks he sees because of AI. The first is that “many jobs will disappear forever,” a particular concern for young people who will see entry-level jobs increasingly vanish.

Both white- and blue-collar roles will be impacted, he suggested: Desk jobs such as customer support (online and over the phone), software engineering, and paralegal work will be the first to disappear, while the construction and hospitality industries will likely undergo a shift to robots by the end of the decade.

The next risk is empowered criminals, be it through AI-enabled fraud, disinformation, deepfakes, and surveillance. AI means “even criminals with very limited skills will be able to target victims at every scale: individuals, companies, and governments.”

With the COVID pandemic still firmly in mind across the planet, Gates’s warning is all the sharper. He adds: “The same goes for bioterrorism. Although AI will lead to lifesaving advances in drugs and vaccines, it will also make it easier to design a deadly new disease. Again, the positive capabilities are hard to separate from the dangerous ones.”

Thirdly, the father of three fears “AI could stunt our kids’ development and replace human relationships.” He explains that as a child, he worked hard to develop social skills and make friends, but added: “I doubt I would have put in the same work if I had had an AI companion back then.

“They talk to you in ways you’re already comfortable with. They don’t push you outside your comfort zone. They are always available and never get mad at you. This gives them the potential to become highly addictive and to rob us of the lessons we learn from connecting with other people.”

The rewards

Gates, ever the optimist, also outlines some major boons the technology holds. These are well-known: Healthcare, education, and agriculture are a few of Gates’s suggestions. Indeed, the opportunities are so huge that JPMorgan Chase CEO Jamie Dimon has suggested that people will live to 100 and work a 3.5-day week.

AI can also make life easier for citizens and more efficient for governments, writes Gates, who says families are often overwhelmed when applying for aid, be it student, health insurance, or food assistance. He added: “AI can streamline things dramatically so they get the help they need faster and the government can operate more efficiently. Governments can make the citizen’s experience far better, starting with those who need its safety net services the most.”

Convenience and assistance with administrative tasks may seem minor, writes Gates, but adds that the benefits “multiplied across millions of lives, they would be profound: more people getting good advice when they need it and having greater freedom to focus on the lives they want to build.”

In order to reap such massive benefits, Gates concludes his 12-page post with a call to action: governments need to build new institutions and frameworks to manage the transition for the AI era, “before unemployment rises sharply, communities are hurting, and public trust has eroded.”

He concludes: “I rarely stop thinking about AI—not because I have all the answers, but because the questions it raises are too consequential to leave to a small group of technologists. Leaders across academia, business, government, and civil society all have a role to play in shaping what comes next.”

This story was originally featured on Fortune.com

This post was originally published here. 

During the past couple of months as you’ve scrolled through social media, you’ve likely come across posts with links to teacher wishlists for items for their classroom. That’s because most teachers have to pay for supplies, decor, and other classroom necessities out of their own pocket.

But one nonprofit foundation stepped in to help ease that burden. 

Exponential Scholars announced Monday it funded every open North Carolina project on the DonorsChoose website, which connects teachers in high-need communities to donors for the supplies kids need. The group’s $2.25 million donation will cover more than 3,200 classroom projects across more than 1,000 schools in North Carolina. 

Exponential Scholars was founded in 2025 by self-proclaimed “quiet philanthropist” Holly May, who serves as its president and CEO. She grew up in rural North Carolina in the 1990s, where her hometown had a population of just 2,000 and only one elementary school. 

A full financial-aid scholarship to an independent school, followed by a full ride to Harvard College, and a business career in San Francisco, shaped May’s belief that “good fortune comes with a duty to pay it forward.” She and her husband, Travis, returned to North Carolina to raise their family and launched the foundation to support gifted students in overlooked communities across her home state.

This gift comes at a time when the amount teachers spend continues to grow. According to a 2025 study by consumer platform CouponBirds, teachers in the state spend an average of $1,632 of their own money each year to stock their classrooms. That’s a 22% year-over-year jump, and the second-highest figure in the country. Pennsylvania beats that total by $5, and the national average was $1,021. In that same survey, 95% of teachers reported dipping into their own wallets for classroom materials, and 82% said their classrooms would suffer without it.

Meanwhile, teacher pay hasn’t kept up. North Carolina’s average teacher salary for the 2023–24 school year was $58,292, ranking the state 43rd nationally and landing nearly $14,000 below the national average, according to the National Education Association. The Economic Policy Institute estimates teachers earn just 73 cents for every dollar made by similarly educated professionals.

This practice of clearing teacher supply wishlists is called “flash-funding,” and another notable example came in 2015, when Stephen Colbert teamed up with two organizations to cover roughly 1,000 South Carolina classroom projects with an $800,000 donation. Colbert has served on DonorsChoose’s board of directors.

Three years later, cryptocurrency company Ripple funded every open project on the site nationwide, some 35,647 campaigns, with a gift valued at $29 million.

DonorsChoose was founded in 2000 by former teacher Charles Best, and has become one of the biggest pipelines for classroom needs across the U.S. More than 6 million supporters have contributed nearly $2 billion to more than 3 million projects, supporting more than 92,000 schools. In North Carolina specifically, more than 143,000 projects have been funded, according to the DonorsChoose site.

For the North Carolina teachers whose requests were sitting open this week—for books, pencils, lab equipment, and more—the gift means those supplies are on their way. Now they don’t have to tap into their own savings to cover necessary supplies for their job.

“I still believe in the American Dream,” May wrote. “Mine came true: work hard, use your gifts, and it pays off…and you leave your kids more room for ambition and optimism than you had.”

This story was originally featured on Fortune.com

This post was originally published here. 

The IDF debated whether to send a security force for MK Zvi Sukkot when he requested to conduct a “memorial tour” in three West Bank villages, KAN News reported Tuesday evening. 

The IDF initially told Sukkot weeks ago that it did not have the operational capacity or available forces for the mission, as an escort would mean diverting forces from the Kusra area, Army Radio reported Wednesday morning.

Sukkot threatened to carry out the tour on his own, compromising once the IDF agreed to arrange security after events in Kusra calmed down.

The IDF ultimately decided to send a security force consisting of around 10 soldiers under the command of a junior officer for a visit scheduled for Tuesday morning.

Citing the soldiers, KAN reported that the IDF did not expect Sukkot and those accompanying him to exit his car with hammers and smash the memorial in Kafr Madama. The soldiers had met with Sukkot before entering the village and, due to his position as an MK, did not believe it necessary to search his car.

MK Zvi Sukkot and several others seen smashing a monument in in Kafr Madama near Nablus, August 25, 2026. (credit: SCREENSHOT/X, SECTION 27A COPYRIGHT ACT)

Soldiers frustrated, felt time wasted on Sukkot’s visit

Army Radio reported that soldiers who were assigned to Sukkot’s protection detail were frustrated with the assignment.

“It was obvious that there would be a mess there. We felt that our time and forces were being wasted. The feeling is that this is not why we came to this sector,” Army Radio cited a soldier as saying.

Soldiers explained to Army Radio that they had been working without sleep, conducting multiple operations, and felt that the Sukkot trip was a waste of time.

While commanders who oversaw the incident said they were shocked that Sukkot and his aides pulled hammers out of his vehicle, some soldiers said that an incident like this was expected. 

“We have to deal with things like this all the time; it was expected to happen. We are stuck here between Jewish terrorism and Palestinian terrorism,” the soldiers said, according to Army Radio. 

Following the incident, IDF Chief of Staff Lt.-Gen. Eyal Zamir was furious with the MK’s behavior, sources close to him told KAN. A directive was issued not to approve tours by MKs during the election period, as concerns were raised that IDF operational preparedness would be sacrificed for campaign purposes.

The IDF had already scheduled the demolition of the memorial that Sukkot had attacked for September, according to Army Radio, regardless of Sukkot’s involvement.

Smotrich coordinated condemnation statement with Sukkot

Finance Minister Bezalel Smotrich also condemned the incident after speaking with Sukkot about it, KAN reported. Smotrich called Sukkot, asked him to update him on future plans, and then coordinated the public condemnation statement sent to the media, according to the report.

“We will advance settlement through the proper channels. These are days when things can be done with authorization and authority,” Smotrich said, according to KAN.

Sukkot rejects claims of international damage to Israel’s reputation

Sukkot said claims that his actions would cause international damage were unfounded while speaking to Kol Barama Wednesday morning. 

According to Sukkot, the only countries that condemned his actions were Turkey and Iraq, and all other criticism was from Israel.

“Nothing has caused less damage than this thing. The condemnation by [Foreign Minister] Gideon Sa’ar and the IDF spokesperson, they caused damage; everywhere they’re quoting them. I have nothing to regret,” Sukkot said. 

This post was originally published on here. 

As the Iranian regime seeks ways to bypass US sanctions, increasing restrictions on Tehran risk extremist elements within the regime gaining power, according to a KAN News report aired on Tuesday that cited an interview with an Iranian political dissident.

According to the activist, while the public endures heavy economic pressures, it does little to affect those in leadership positions within the regime. 

His remarks reflect a seemingly widespread sentiment within the Iranian population, who often assume that deepening troubles within the country would further entrench the regime.

According to KAN, Israeli authorities who are monitoring Iran’s domestic developments are observing an increase in economic damage in all sectors of society, causing internal rifts among Iran’s leadership.

While Iranian President Masoud Pezeshkian is showing concern for the effects on the general population, the Islamic Revolutionary Guard Corps (IRGC) has reportedly taken a considerably more aggressive stance, entrenching itself as it prepares to weather the conflict and crack down on economic protests. 

Iran's Parliament Speaker Mohammad Bagher Ghalibaf speaks during a visit to the grave of Abu Mahdi al-Muhandis, a commander of Hashed al-Shaabi, an armed Iraqi alliance that includes pro-Iran groups, at Wadi al-Salam cemetery in the central holy city of Najaf on August 21, 2026. (credit:  QASSEM AL-KAABI/AFP via Getty Images)

Tehran feels the pain of US sanctions, seeks alternate avenues

A day after the launch of the Trump administration’s “Operation Economic Outcast” against Iran, US Treasury Secretary Scott Bessent said Tuesday evening that Iran’s leadership “is admitting what the whole world can already see: the pressure is working.”

“Under President Trump, the Treasury Department will continue to cut off every economic lifeline sustaining this regime, until Tehran is left completely alone,” Bessent said.

“No matter how much military power we have, if the people are hungry and we lack cash flow, economic growth, and domestic production – we will not be able to hold out,” Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated.

Meanwhile, Iran and Oman announced that their consultations regarding the Strait of Hormuz will continue, aiming to resume navigation through the strait and formulate a mechanism to manage vessel traffic.

In a joint statement, Iran and Oman reported that negotiations between the countries focused on the importance of resuming navigation in the Strait of Hormuz, while preserving their sovereignty and rights. It was further reported that professional negotiations will continue regarding future arrangements for managing the strait, and the formulation of a mechanism for information exchange and vessel traffic management.

Iran’s economic stress: ‘The war must end at some point’

In the background, Washington is attempting to frame the Iranian-Omani move as a direct result of growing US economic pressure. Bessent quoted Iranian President Masoud Pezeshkian, who he said acknowledged the economic distress Iran is suffering and stated that “the war must end at some point.”

Subsequently, the Iranian Foreign Ministry also addressed the sanctions, sharply attacking the decision to escalate them, saying: “American sanctions against Iran are a threat to international law and the UN Charter, and no respectable nation will accept the normalization of ‘blatant lawlessness and bullying.'”

Under the framework discussed between the parties, vessels would enter the Gulf through the lane on the Iranian side and exit through the lane on the Omani side. According to previous reports, Iran is not expected to receive the mandatory fee it demanded, but “voluntary” payments for insurance, environmental protection, or safety services might be introduced.

Ceasefire violations, Hormuz frictions

Iran, on the other hand, attempted last week to distance the talks with Oman from the American track. A source close to the Iranian negotiating team told the IRGC-run Fars News Agency that “in practice, no direct negotiations took place between Iran and the United States,” and that talks on exercising sovereignty in the Strait of Hormuz occurred solely with Oman.

According to the source, following the US “violation of the Islamabad Memorandum of Understanding,” talks with the American side were halted.

This development follows weeks in which the Strait of Hormuz became one of the primary friction points between Tehran and Washington.

During the war between Israel and Iran, Tehran imposed a de facto blockade on the strait, and senior Iranian officials declared their intention to turn passage through it into a permanent source of revenue by levying fees on vessels. Reports later indicated that Iran and Oman were promoting a plan to collect payment from ships passing through the strait, despite public opposition from the United States.

The US administration views the Strait of Hormuz as a central pressure point on Iran. It was previously reported that the United States and Oman tried to persuade Tehran to abandon its demand to levy transit fees on vessels crossing the strait, with one lever of pressure being the potential unfreezing of a portion of roughly $100 billion in Iranian assets held abroad.

The strait is considered one of the world’s most vital trade and energy routes, and Tehran views it as a strategic bargaining chip against the United States and the Gulf states. Now, as Iran and Oman continue to discuss a new management mechanism while Washington ramps up economic pressure, the central question is whether Tehran will choose a settlement that allows the resumption of navigation – or continue using the strait as a tool of leverage against the West.

Implementing new measures could lead to Iran’s collapse in six to nine months

Economist Shlomo Maoz addressed potential measures against Iran, asserting that full implementation of these sanctions by the US and the West could cause Iran to completely collapse within six to nine months, in an interview with Maariv published on Wednesday.

“The strangulation will be absolute,” he said, explaining that the goal is not only to hit Iran directly, but to deter other countries, companies, and international banks from maintaining ties with Tehran. “They will essentially be able to enforce this on everyone. Any country, organization, company, bank, shipping line, or airline doing business with the Iranians will be boycotted by the US. And nobody wants to mess with them, because they are effectively the largest superpower.”

The logic behind the strategy relies primarily on the US’s dominance in the global financial system.

Any firm choosing to continue trading with Iran risks facing US sanctions, impairing its ability to trade in US dollars, process payments, and engage with the global financial grid. “The global financial system is built on the dollar, which accounts for about 60% of world payments and transfers. Additionally, they control SWIFT, the international money transfer system.”

“All payments – the trillions moving today – mostly run through this system, and the Americans previously removed Russia and Iran from SWIFT, which is why those countries are sinking. Russia is sinking too; for instance, anyone trying to send money from Israel to a relative in Russia cannot do so – the US will suffocate Iran in the exact same manner,” he explained.

According to Maoz, US sanctions on Iran could evolve into a global economic war within months, extending far beyond the Islamic Republic’s borders and severely impacting countries maintaining commercial ties with it.

Maoz argues that the pressure will not remain confined to finance. “Anyone buying oil from them will be boycotted. Anyone selling them drilling equipment, for example, will be boycotted. Airlines, shipping lines, banks – there will be total strangulation here, including Arab countries that maintain good relations with Iran. They will be hurt too. It’s essentially like waging a world war against them – a global economic war.”

He identifies Turkey as one of the hardest-hit nations, having served as a major commercial pipeline for Iran in recent years, particularly in the gold trade. “Turkey bought gold for the Iranians,” he explains. “The Iranians used oil and other payment methods to acquire gold and accumulate assets outside the Western financial system because they have no play with foreign currency.”

Consequently, if the US tightens oversight on Turkish entities trading with Iran, Turkey could face a major crisis. “The primary party harmed will be Turkey,” he assesses.

The key question is how Turkish President Recep Tayyip Erdoğan will react if ties with Iran become a severe economic burden. Maoz doubts Erdoğan can afford to retreat. “He is in a position where he won’t step back because his economy is already collapsing. They are in deep trouble – they have no gas, no gasoline, no oil,” he says.

He contends that if Turkey attempts to bypass sanctions via shell companies or alternative trade routes, it risks additional US sanctions. He highlights trade ties between Iran, Armenia, and Turkey, suggesting regional trade routes will become a primary focus of US enforcement. “In my view, Armenia, which maintains good trade relations with Iran, will also be hit by sanctions. I’ve personally seen massive oil trucks traveling from Iran to Armenia,” he adds.

Beyond banking and international trade, Maoz highlights three sectors likely to become central battlegrounds: gold, oil, and blockchain. As Iran’s access to the traditional financial system is blocked, it will increasingly seek alternative channels for moving funds.

He ties the pressure on Iran directly to the surge in Bitcoin prices. “In my assessment, the Achilles’ heel of sanctions is the crypto space. As the Americans choke Iran and restrict its access to banking and the dollar, Iran and other entities seeking to bypass sanctions will look for alternative avenues to transfer funds, and crypto could be one of them. I estimate this is one reason we are seeing a rise in Bitcoin and other cryptocurrencies,” he says, noting instances where Israeli spies working for Iran were paid in cryptocurrency.

However, he acknowledges he is not a crypto expert and cannot predict how US authorities will address crypto usage. Still, he notes that the ability to track blockchain transactions could turn crypto into another arena of conflict between Iran and the West. Ultimately, he argues, economic sanctions represent a relatively cheap method for the US to exert pressure compared to a prolonged military war.

“We’ve seen in the past that sanctions and economic pressure can work,” he notes. “It happened in South Africa with the apartheid regime, which eventually fell. Therefore, I believe that in Iran’s case as well, if the West shows patience and persists with sanctions, economic pressure can yield a significant outcome.”

“Iran will collapse within six to nine months,” he concludes, emphasizing that this scenario depends on US persistence and Western alignment. “The condition is that Trump goes all the way and the rest of the Western countries fall in line.”

He suggests sanctions will focus on five key sectors: maritime, aviation, communications, oil, and banking. However, he cautions that the impact will not be immediate. “There’s no button you press to make it happen instantly. It doesn’t work that way. It requires patience.”

From Israel’s perspective, he views this as a positive development, as economic pressure could substitute for military confrontation. “I think this is very good for Israel. Fewer wars, more economic warfare,” he says.

Ultimately, the central question is not just whether Iran can survive the sanctions, but how determined the US will be to enforce them long-term – and how much countries like Turkey, China, India, and Pakistan are willing to pay to maintain ties with Tehran. If Washington builds a unified Western front, pressure on Iran will intensify, though the path forward may trigger severe economic shocks across neighboring states, starting with Turkey.

This post was originally published on here. 

Border Police officers earlier this week rescued an Israeli citizen from Holon who had accidentally entered Area A of the West Bank near the Ramallah area after getting lost, Israel Police confirmed on Wednesday morning.

Upon receiving a report of the Israeli’s entry, a Border Police team was sent out to search for the individual. Officers succeeded in contacting the Israeli over the phone before locating his vehicle and escorting him from the area.

Entry to Area A, which is under the Palestinian Authority’s civil and security control, is prohibited for Israelis.

On Sunday, soldiers from the Coordinator of the Government Activities in the Territories (COGAT)’s Civil Administration rescued three Israeli Jews who had separately entered Area A near Bethlehem, Jericho, and Ramallah.

One of the Israeli Jews was spotted near the village of Ein Arik, while armed. Officers from the Binyamin Region’s Coordination and Liaison Administration worked to rescue him through coordination channels before transferring him to the IDF.

[ILLUSTRATIVE] Israeli Border Police officers patrol outside Damascus Gate in Jerusalem’s Old City during the beginning of the holy fasting month of Ramadan, February 18, 2026. (credit: CHAIM GOLDBERG/FLASH90)

All three Israelis transferred to police for further handling

At the same time, the Civil Administration received a report about an Israeli Jewish woman who was seen walking through the city of Jericho in the Jordan Valley area, putting herself at risk.

Officers from the Jordan Valley Coordination and Liaison Administration acted quickly to rescue her. An initial investigation found that she had entered the Palestinian city intentionally.

In Bethlehem, an Israeli man who appeared to be suffering from mental distress was seen wandering the streets of the city. Local residents passed the information to security forces, and they quickly handed him over.

All three incidents were transferred to the Judea and Samaria District Police for further handling. The security establishment reiterated that entering Area A, which is under the control of the Palestinian Authority, is life-threatening and prohibited by law.

Avi Ashkenazi contributed to this report.

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Israeli AI trust, safety, and security company Alice today announced the completion of a $140 million financing round led by Apax Digital, with participation from new and existing investors including Samsung, SentinelOne, Maj Invest, MoreTech, Phoenix Insurance, Norwest, CRV, Vintage, Grove and Highland Europe.

Sources inform “Globes” that the financing round, which brings the total amount raised by Alice to $280 million, was completed at a company valuation of $800 million. The company’s annual recurring revenue (ARR) is approaching $100 million.

Founded in 2018 as ActiveFence by CEO Noam Schwartz, CTO Iftach Orr, CCO Alon Porat, and president Eyal Dykan. Initially the company developed systems that helped social networks and internet platforms detect violent content, fraud, extremist propaganda, disinformation and coordinated activity. This activity required the company to monitor how hostile actors changed methods and tried to bypass defense mechanisms.

With the launch of ChatGPT in 2022 and the rapid penetration of generative AI into the market, the company realized that the same knowledge could also be used to protect models and the systems based on them. On the one hand, criminal actors began to use AI tools to produce fraud, phishing attacks and misleading content on a larger scale. On the other hand, the companies that developed the models needed a systematic way to examine how they could be misused.

Alice co-founders (credit: EDUARDO FELDMAN)

The knowledge gained from the original activity also underlies Rabbit Hole, a repository of attack patterns and harmful content collected from the real world. The database allows the company’s researchers to test AI systems against methods already observed online and identify new versions of them. As AI became a larger part of the company’s operations, management decided that the name ActiveFence no longer reflected its business, and last January it completed the rebranding to Alice.

Schwartz said, “AI builders should be able to trust their models to do exactly what they were built to do. The only way to earn that trust is to stress test models and agents every day and guard them with defenses built from real attacks. For years, our teams have been embedded with the world’s leading platforms and AI labs, finding failures before deployment. Now we are bringing that capability to every AI lab and enterprise launching AI in production.”

Alice provides AI safety solutions across the full lifecycle of AI systems. During training, Alice’s researchers help frontier labs, including Anthropic, Google, and Nvidia, simulate malicious prompts and agentic tasks to identify and prevent dangerous or unpredictable model behavior, and harden models against jailbreaks and prompt injection attacks.

The company will use the funding to further advance its AI platform, deepening the technology that tests, defends, and monitors AI models across their lifecycle, expanding the team behind Rabbit Hole, its proprietary dataset of real-world adversarial and harmful content, to keep pace with attacks that evolve by the day, and scaling its go-to-market organization serving foundation model labs and enterprises building with AI.

Alice currently has about 400 employees, most of them in Israel, with the rest in offices in New York, London and Hanoi. “Our goal is for organizations to be able to trust their AI systems and know that they will work as designed,” said Schwartz “To get there, you need to put experts in front of the models who challenge them every day.”

This post was originally published on here. 

Israeli defense-tech company ParaZero Technologies has received its first order for its DefendAir counter-drone system from a US federal government entity, marking the company’s first sale of the system to a US government customer.

The order includes DefendAir net launchers, Net Pods, and on-site operator training by ParaZero personnel, the company announced Tuesday.

The Kfar Saba-based company said the deal reflects growing demand among governments and security organizations for counter-unmanned aerial systems (C-UAS) that can provide a physical interception capability against small drones, particularly around sensitive sites and populated areas.

ParaZero’s DefendAir system incorporates patented net-launching technology. The Net pods are engineered by the company for integration across various platforms to deliver precise and effective neutralization of hostile drones.

ParaZero's DefendAir neutralizes hostile drones by intercepting them with nets (credit: ParaZero Technologies)

The technology, which integrates sensors, real‑time monitoring, and automated deployment mechanisms, became a regulatory enabler for commercial drone operators seeking approval for flights over people, as well as other high‑risk operations. 

These systems rely on autonomous guidance and net‑based interception rather than kinetic or explosive methods, making them suitable for urban environments, airports, and sensitive facilities where traditional counter‑drone solutions pose unacceptable risks.

The manually operated DefendAir configuration acts as a final layer of defense by allowing security personnel to physically intercept a hostile drone immediately. 

The C-UAS system can be operated by individual operators and mobile forces protecting strategic sites.

Tech and training

ParaZero will also provide hands-on training to the US government operators, covering system familiarization, deployment, and practical use. The company said the training component reflects its broader approach to C-UAS, which it describes as providing an operational capability rather than just selling interception hardware.

“Counter-UAS capability is not created when a box arrives. It is created when trained operators can deploy the system confidently and act when seconds matter,” ParaZero CEO Ariel Alon said in a statement released by the company.

“Our approach extends beyond supplying launchers and Net Pods. DefendAir is designed to provide customers with an operational capability supported by training and hands-on preparation. We believe this approach is increasingly important as Counter-UAS solutions move from evaluation to real-world deployment,” he added.

The US order comes as small drones have increasingly become a security concern beyond the battlefield, with government facilities, critical infrastructure, public spaces, and other sensitive locations facing growing exposure to unauthorized or hostile unmanned aircraft.

ParaZero says it has seen growing interest in DefendAir from defense forces, government organizations, security agencies, and defense companies across several international markets.

Earlier this month, the company announced that it received an initial order for its DefendAir Net Pods from a Tier-1 European defense manufacturer. 

Alon said that the initial order from the manufacturers points to the fact that there is a growing recognition for net-based interceptors.

“For ParaZero, we believe that integration with established defense manufacturers has the potential to expand the reach of DefendAir beyond individual products and into larger platforms and programs. Each successful integration strengthens our position as an enabling technology provider to the global Counter-UAS market and creates a foundation for broader commercial opportunities as these systems advance,” Alon said.

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Prime Minister Benjamin Netanyahu’s son, Yair, was the target of Iran’s assassination attempt, Newsmax reported late on Tuesday, citing a US law enforcement source familiar with the matter.

According to the source, Israeli intelligence learned of the plot targeting Yair in December 2025, believing that Iranian operatives were allegedly already “on the ground” in Miami conducting surveillance of the prime minister’s son’s residence and movements.

Newsmax reported that Yair was told to leave Florida immediately, leading to his sudden return to Israel.

Netanyahu revealed that one of his sons had been the target of an Iranian plot during a phone call with Channel 14’s military correspondent Noam Amir, broadcast on Monday.

“This is an unbelievable case. Iran targeted one of my sons. Iran tried to murder him, tried to murder one of my sons,” the PM stated to Amir, though at the time did not elaborate on whether Yair or Avner was the target of Iran’s assassination attempt.

Prime MinisterBenjamin Netanyahu with family, Sara Avner (left) and Yair.   (credit: AMOS BEN GERSHOM, GPO)

Shin Bet extends protection for Netanyahu’s family

“Is this part of the intelligence provided to you?” Amir asked.

“Iran tried to murder one of my sons. And this is why this promise [I am making] is more than a luxury – without it, they could succeed [in killing my son.] People need to show some restraint, especially during an election campaign,” Netanyahu replied.

“I spoke with the Shin Bet (Israel Security Agency) chief [David Zini] and asked him to provide appropriate security to any prime ministerial candidate,” Netanyahu also said.

In July, the Ministerial Committee for Shin Bet Affairs approved extended personal protection for Netanyahu’s wife, Sara, and their sons, Yair and Avner.

Iran airs videos threatening Melania, Barron Trump

The revelation of the assassination plot comes several weeks after Iranian regime-linked news outlets published two separate instruction videos on how to kill US First Lady Melania Trump and her son, Barron. 

The video on how to kill Melania, shared in late July by Islamic Revolutionary Guard Corps-linked Tasnim News Agency and seen by The Jerusalem Post, included plans and suggestions on how to kill the first lady.

It called on “freedom fighters” to target the shops the first lady frequented, claiming to share “information from several anonymous security networks,” and showing schemes of how Melania’s security operates and the places that she usually goes in New York.

On Monday, Iran International reported that Iranian state-affiliated TV Channel 3 released a video threatening Barron, detailing specific surveillance against him and offering a $10 million reward for his death.

The Post could not locate the original video on Channel 3’s platforms.

The video, however, was linked on X/Twitter by anti-regime London-based journalist Niyak Ghorbani, and showed various locations Barron had been at specific points in the past, including Trump Tower and his school campus.

At all these locations, the video highlighted elements of Barron’s security detail, including claims that Secret Service agents disguised themselves as students at his school to blend into his surroundings.

The video also claimed to have found Barron’s online Xbox, Discord, and FIFA accounts, as well as those of his classmates, naming two as Liam Carter and Bo Louden.

While Liam Carter appeared to be a fake profile, Louden, a conservative media influencer, is a known friend of Barron’s.

James Genn contributed to this report.

This post was originally published on here. 

A few weeks ago, I was en route to an airport I’d earmarked for landing when I noticed bad weather closing in on it. I checked the alternative, the backup airport I initially planned for, and saw that we’d have to fly through bad weather to get there too. So, I picked a third airport, landed, waited it out for a few hours, and continued safely once the system had passed.

Could we have beaten the weather to the original airport? Maybe. Could we have threaded the patches en route to the alternate? Maybe. But “maybe” is not a risk management strategy. Good risk management doesn’t ask whether you can get away with something. It asks whether the risk is worth taking at all. We landed. We waited. We lived to fly another day.

Every pilot learns a simple framework for making this kind of call in the moment. It is clearly laid out in the FAA’s Aviation Instructor’s Handbook. It’s built for cockpits, but it translates almost line-for-line into how managers decide how fast, and how far, to push AI deployment.

Accept no unnecessary risk

In aviation, the rule isn’t “avoid all risk”. Flying is impossible without risk. The rule is that risk needs a corresponding return. A new pilot doesn’t take a new airplane into low-visibility conditions on day one. There’s no benefit that justifies that specific risk, even though the same pilot might accept real risk elsewhere.

A US Airmen A-10C Thunderbolt II aircraft pilot assigned to the 75th Expeditionary Fighter Squadron sits in an A-10 at a base in the US Central Command area of responsibility, Feb. 1, 2026. (credit: U.S. Air Force photo by Staff Sgt. Tylin Rust)

Applied to AI, the question managers should be asking isn’t “Is this AI system risky?” It’s: What, specifically, are we getting in return for this specific risk, and would we accept it if we wrote it down? 

Shipping an unvetted model into a workflow that touches medical records, financial approvals, or safety-critical decisions because it’s faster to ship than to test is an unnecessary risk with no commensurate return. If a competitor’s speed advantage is the only justification, that’s fear dressed up as strategy.

Make risk decisions at the appropriate level

On a single-pilot flight, the pilot decides. Not air traffic control. Not the passengers. The person accepting the risk has to be the person who can actually build and implement the controls that manage it.

This is where a lot of AI governance quietly breaks down inside organizations. Decisions about deploying a customer-facing model or giving an agent write-access to production systems, often get made by whoever is closest to the deadline: a product leader, an engineer under pressure; rather than by the manager who actually owns the downstream consequences.

Ask: “Who in this workflow has the authority to say no, and does that person have full visibility into what’s being deployed?” If the answer is “Nobody, really,” the decision is happening at the wrong level, and it needs to be pushed up the chain until it lands with a manager who has both the information and the authority to own it.

Weather is a good analogy here too: A clear day is a far better time to fly an unfamiliar airplane for the first time than a day with deteriorating conditions. Deploying AI is the same. The acceptable risk changes with the environment.

Managers should be asking the equivalent question before every material AI deployment: “Is this the right environment for this risk?” A generative AI pilot in an internal, low-stakes workflow, with a human reviewing every output, is a clear-weather flight. 

The same model, wired into an autonomous decision loop with no human check, touching customer money or physical safety, is flying in questionable conditions into weather you haven’t checked. 

The technology’s raw capability doesn’t change between those two cases. The acceptable level of risk does.

Illustration: Using AI at work (credit: SHUTTERSTOCK)

Integrate risk management into planning at all levels

The earlier a risk gets caught, the cheaper it is to fix. Changing course mid-flight is harder than choosing the right route before takeoff. It’s exactly the same with AI systems bolted together in production versus designed with guardrails from the get-go.

Retrofitting oversight, auditability, and kill-switches onto an AI system that’s already embedded across a team’s workflows is the equivalent of trying to change your destination airport after you’ve already flown into weather. It’s not impossible, but it’s expensive, stressful, and far more likely to end badly. Risk management belongs in the design conversation on day one, and not in the incident review six months later.

The diversion wasn’t a failure.

Nobody remembers that flight as a bad day. We made the airport, on schedule for what mattered, with nothing more dramatic than a longer layover than planned. That’s what good risk management actually looks like – not heroics, not close calls retold as bravado – just a series of unremarkable, disciplined decisions that never had to become a story about what went wrong.

The managers who will deploy AI well over the next few years won’t be the ones who moved fastest. They’ll be the ones who knew, at every stage, exactly which airport they were headed to, and were willing to divert the moment the weather said otherwise.

This post was originally published on here. 

A 43-year-old man was arrested and indicted for assaulting a minor, causing serious bodily harm, by a person responsible for a child, Israel Police said.

Police also released a video, seen by The Jerusalem Post, that appeared to show a seven-year-old child being kicked by a man police identified as his uncle while lying on the ground.

The police received a report of the assault in a northern village on August 11, and Northern District police officers arrived at the village and arrested the suspect.

The investigation revealed that the child lives in the same house as his mother and uncle. During a family argument that took place in the uncle’s presence, the police allege that he took the child to the yard of the house, kicked him while on the ground, then lifted him up and threw him into a garbage bin. 

Still from video appearing to show 7-year-old boy being assaulted by man police identified as his uncle, August 11, 2026.  (credit: ISRAEL POLICE SPOKESPERSON'S UNIT)

The child was taken for medical treatment after the incident, after sustaining numerous injuries to his body.  

State Attorney’s office requests extension of custody

The suspect was indicted on August 24, after several extensions of the suspect’s detention, and the Northern District State Attorney’s Office requested to keep him in custody until the end of legal proceedings. 

This post was originally published on here. 

On July 19, 80,663 packed MetLife Stadium to watch Argentina and Spain fight for the World Cup. And they weren’t alone: tens of thousands more filled bars and watch parties across New York and New Jersey, from a 50,000-person free viewing on Central Park’s Great Lawn to Times Square, where Argentina supporters staged a fan takeover the night before kickoff. And that was just the region: Millions more watched from bars, living rooms, and fan zones across the rest of the country and the world.

It turns out all the hubbub the World Cup created appeared to bring in a pretty penny for the region. The 2026 FIFA World Cup generated $3.5 billion in total economic output for the New York and New Jersey region, according to a final analysis shared with Fortune by the FIFA World Cup 2026 New York New Jersey Host Committee—beating the tournament’s own pre-event projection of $3.3 billion.

The report, conducted by Tourism Economics, an Oxford Economics company, found the $1.9 billion in direct spending during the tournament rippled out to $3.5 billion in total economic activity once indirect and induced effects were counted. More than 645,000 fans attended the region’s eight matches, including the July 19 final at MetLife Stadium, while another 626,300 non-local visitors traveled to New York or New Jersey for Official Fan Events and related programming. Together they spent $1.7 billion in the regional economy; the Host Committee, FIFA, and other stakeholders added another $286 million in operational spending.

That’s not the end of it. The tournament also led to the creation of 27,424 total jobs, including nearly 18,000 directly tied to World Cup operations and visitor spending. Food and beverage businesses saw the largest employment gain, at roughly 4,500 total jobs, followed by transportation and lodging at about 4,400 and 4,000 jobs, respectively. Those jobs translated into $1.4 billion in total labor income.

The tax revenue, however, told a smaller story. Of the $3.5 billion in total economic impact, $759.2 million flowed back to government coffers as tax revenue, about 22 cents of every dollar the tournament generated, split between $414.2 million for state and local governments and $344.9 million federal. That’s the return public officials can point to directly, even as the broader $3.5 billion figure captures private-sector activity—hotel bookings, restaurant tabs, retail sales—that doesn’t touch a public budget line at all.

“The final numbers demonstrate that New York and New Jersey didn’t just rise to the occasion—we exceeded expectations and delivered an impact that will be felt long after the final whistle,” CEO of the Host Committee Alex Lasry said in a statement.

The Host Committee attributed the jump over its original forecast to higher-than-expected operational spending, larger-than-anticipated turnout at Official Fan Events, and a bigger share of international match attendees than initially projected, each partly offset by a larger-than-expected local share of both.

What they spent to get there

The final tally comes after months of naysayers deriding the total spend from both New York and New Jersey, which put up an estimated $245 million combined to stage the tournament, according to state and city records, though no single government agency has published one reconciled total—and even the two sides of the region don’t fully agree with themselves on the math.

New Jersey accounts for roughly $155 million of that total, according to Gov. Mikie Sherrill’s office: $35 million directly to the Host Committee for local infrastructure and community initiatives, plus another $120 million budgeted for construction and security costs, including a new pedestrian bridge over Route 120 at MetLife Stadium. (As Fortune reported ahead of the World Cup, the United States’ infrastructure leaves much to the imagination, and arguably, this should have already been built regardless of the impetus of the World Cup). Separately, NJ Transit’s board approved $100 million to build a temporary bus terminal at MetLife near Secaucus Junction, intended to move 20,000 fans an hour, plus a $35 million contract to design a dedicated bus corridor whose construction cost was never publicly estimated. Some state legislators put New Jersey’s total taxpayer cost even higher, telling reporters the figure topped $300 million.

New York City accounts for the remaining roughly $90 million, according to City Council documents: $29 million for the Economic Development Corporation, $20 million to the Host Committee, $12 million for NYPD security, and smaller sums for marketing and emergency management, against a projected $51 million in city tax revenue. But the city’s own comptroller has disputed that: City Comptroller Mark Levine’s office put costs closer to $70 million against just $55 million in expected revenue—a wider shortfall than the city’s own budget documents show, and one the Mamdani administration has pushed back on, arguing the comptroller’s estimate undercounts the tournament’s benefit to the city. Gov. Kathy Hochul’s office separately put in $6 million to subsidize stadium shuttle fares and another $6 million toward the free Central Park watch party for the final, which drew 50,000 people to the Great Lawn.

Sustained cultural impact of the World Cup

Alongside the spending, the city and state also built out free and low-cost programming aimed at making sure residents weren’t priced out of their own tournament. New York City hosted watch parties in all five boroughs, including free viewings across the city and on Central Park’s Great Lawn. FIFA and Street Soccer USA installed a temporary mini-pitch in Central Park with free youth clinics, community tournaments, and open-play sessions. The Host Committee’s credits related programming with reaching more than 5,000 young people through clinics and community events, building 17 community mini pitches across the region, and distributing free or discounted tickets to more than 2,000 New Yorkers and New Jerseyans.

But what’s still missing is a real answer to what New York and New Jersey actually spent. No state comptroller, city agency, or host committee has published a final, audited accounting of total public cost now that the tournament is over—only the pre- and mid-tournament budget estimates and line items reported piecemeal by different offices. So whether that goodwill spending closes the gap between what the states put in and what they got back in tax revenue is a separate question from the one the Host Committee’s report answers.

This story was originally featured on Fortune.com

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“There’s no point in living longer if you’re not healthy.”

So says Prem Kumar Nair, CEO of Asia’s largest private health group, IHH Healthcare, as he grapples with an Asia that’s wealthier, longer-lived, and far more willing to spend money on the finer things in life. “As populations grow more affluent and people indulge in good food and wine, we’re seeing a rise in lifestyle diseases: diabetes, hypertension and high cholesterol,” he points out in an interview with Fortune.

Asia is getting older. One in four people in the region will be older than 65 by 2050, according to the Asian Development Bank. Asians generally have longer life expectancies than those outside the region—but longer lives aren’t the same as healthier ones. A Stanford study published in April found that population aging accounted for 33.6% of the increase in disease burden across mainland China, Japan, Singapore, South Korea and Taiwan. 

IHH is stepping in with “Healthspan”, a new preventive health and longevity program launched in July. Unlike the aesthetics-driven wellness industry, IHH’s Healthspan is built around clinical intervention. Though the program is now only offered in Singapore, Prem eventually hopes to bring it to IHH’s nine other markets, which include India, Turkey and Greater China.

“For many people, longevity means aesthetics: coloring your hair, and taking a whole lot of vitamins and supplements. But for a healthcare provider like us, longevity is anchored very strongly in clinical science,” Prem says. 

Take sarcopenia, the age-related loss of muscle mass. “We’ll encourage older patients to do resistance training, not for them to build biceps, but to make sure that their muscles can hold them up and they don’t fall and sustain knee or hip fractures,” Prem explains. 

IHH’s Healthspan program also leans on GLP-1 drugs, the class of medications (including Ozempic and Wegovy) that has become, in Prem’s words, “the poster boy of longevity”. Yet these drugs are tapped not for cosmetic weight loss, he stresses, but to prevent obesity-driven arthritis and metabolic disease.

As Asia’s population ages, IHH is also building more ambulatory care centers—smaller, community-based facilities that handle procedures like endoscopies and total knee replacements without a hospital admission—in dense, rapidly graying cities like Singapore and Hong Kong. For example, the group’s Parkway MediCentre, which is located in Singapore’s Woodleigh district, offers chronic disease management services and consultations with dermatology and obstetrics and gynaecology specialists.

This marks a larger shift in how healthcare is administered globally, with many aging societies transitioning from hospital-centric care to more personalized and accessible options which are embedded in neighborhoods and communities. 

“We have transitioned from being a mega hospital player to a healthcare ecosystem player in all the countries that we are in,” Prem says. “That’s going to be the future of healthcare.”

Dual-listed in Singapore and Malaysia

IHH Healthcare was incorporated in 2010, as a holding company for Malaysian sovereign wealth fund Khazanah Nasional Berhad’s healthcare investments, which included Singapore-based Parkway, India-based Apollo, and Malaysia-based Pantai and IMU Health.

The entity was converted into a public company in 2012, and went public via a dual IPO on Malaysian bourse Bursa Malaysia and the Singapore Stock Exchange (SGX). IHH’s $2 billion IPO was the third-biggest listing globally that year, after Facebook and Malaysian palm oil firm Felda Global Ventures Holding. 

IHH shares are up by more than 20% over the past 12 months.

Today, IHH Healthcare has expanded to 89 hospitals across 10 countries; the firm, with 2025 revenue of approximately $6 billion, ranks No. 58 on Fortune’s Southeast Asia 500 list. 

IHH’s early growth came primarily through acquisitions. In 2015, the firm acquired India-based Globe Healthcare; three years later, it took over Fortis Healthcare, another Indian brand.

That approach changed when Prem joined IHH in 2020, following 27 years at competitor Raffles Medical Group, when he instead redirected the company to focus on organic growth within its existing markets and businesses. (Since he took the helm, IHH Healthcare has added a total of 4,000 beds to its hospitals.)

“A lot of investors were asking us whether M&As were an efficient way to grow, since each time we grow inorganically, we have to integrate the different entities,” Prem says. “Eventually, we decided that the best form of growth is growing within our existing markets and clusters… organic growth is always better since the operational efficiency is there, as we’re leveraging existing businesses and already have hospital executives in the country.”

COVID: ‘All hands on deck’

The most significant event in Prem’s tenure—at least in his eyes—came right as he started the job, when the COVID-19 pandemic landed in Singapore. He was then IHH’s Singapore CEO, and the global health emergency didn’t lead to a “normal transition.” Between 2020 and 2021, Singapore enacted several rounds of “circuit breakers”: nationwide partial lockdowns which banned social gatherings, shuttered physical offices and mandated the donning of masks outdoors. 

“It was crisis management from the start,” he recalls. During the early days of the pandemic, Prem and his team dispatched medical staff to Singapore’s checkpoints for virus screening, as well as to foreign worker dormitories to care for workers who fell ill. (The purpose-built residences, where 10 to 24 construction workers share a living space, became the epicenter of the nation’s outbreak, accounting for nearly 90% of cases.)

Yet the pandemic affirms Prem’s view that the public and private sectors need to work together in a health crisis. “During peace time, we have our respective roles: The public sector works to provide affordable, accessible healthcare, while the private sector looks after patients who prefer quicker response times, more privacy and have the means to pay a premium,” he explains. “But when you’ve got a pandemic? It’s all hands on deck.”

IHH is a global player, with a presence in multiple countries both in Asia and beyond. That’s been a hedge against volatility in any one particular market. 

“Being diversified has helped us a lot… there were times when Turkey faced macroeconomic issues like inflation, but Malaysia, Singapore and our other markets buoyed our economic performance,” Prem says. 

Apart from deepening its presence in existing markets, IHH is also considering expanding into adjacent countries, though Prem admits that no concrete plans have yet been made.

“All of the countries we’re in will at some point become saturated; competition is a given, so we have to look at new markets,” Prem concludes. “Other players like Thompson and Raffles Medical have gone into Vietnam, and we’re also looking at Indonesia, which has changed its regulations to allow foreign doctors to practice and private hospitals to be fully owned by internationals.”

Future of healthcare

Now four decades into his career in healthcare, Prem thinks the mix of specialties in Asia’s healthcare institutions is changing. Just ten years ago, cardiology was the biggest speciality in most hospitals. But rates of cardiac disease have fallen in recent years, as the medical community pivots to managing cholesterol levels, hypertension and diabetes—all risk factors for heart disease. (A recent study found that from 1990 to 2021, the age-standardized mortality rate of cardiovascular disease in Asia fell by 26%.)

“Cancer is now becoming the biggest subspecialty in all our hospitals,” Prem says. “We’re investing a lot in cancer testing, genomic medicine and precision medicine.”

In 2019, IHH led a $20 million Series A funding round for Singapore-based genomic medicine firm Lucence, which makes ultra-sensitive blood tests called liquid biopsies that can detect over ten types of cancer at an early stage. IHH also invests in proton therapy machines, which provide a more precise form of radiation treatment using accelerated proton particles rather than traditional X-rays, and is often used to treat complex cancers like those in the head, neck, brain and liver.

“We’re a strategic investor, not a financial investor,” Prem explains. “So whatever we invest in, we actually use and validate.”

In February, IHH launched a program called IHH Catalyst, which brings together healthcare entrepreneurs, clinicians and operational leaders to identify and nurture promising health start-ups. The inaugural edition took place in India, and selected a crop of businesses focusing on India’s priority health domains like oncology, chronic disease management and preventive care. IHH will soon bring the initiative to North Asia, led by Gleneagles Hong Kong and Parkway Shanghai.

IHH is also bullish about AI. A few years ago, IHH converted its data and digital department into an AI transformation team, focused solely on identifying AI-enabled healthcare solutions. 

Its most tangible success so far, NurseShift.ai, automates hospital rostering—a task that once consumed roughly 51% of nursing supervisors’ time, according to Prem—and has won a health innovation award from Singapore’s Ministry of Health. It is being rolled out beyond Singapore to Malaysia and Hong Kong.

IHH is also working on a new project to build AI-enabled clinical pathways, where models analyze the symptoms and risk factors of each patient, then suggest a treatment plan which doctors can consider, edit and approve. 

“One of the key reasons behind resource wastage is variation in healthcare,” Prem explains. “Different specialists are trained differently, so they all do things differently. Some specialists may keep you in the hospital for two days, while others could opt for a week, but AI can help in standardizing this by giving clinicians a framework to build upon.”

Still, Prem thinks there’s still room for human medical judgment in the hospital. The medical staff are ultimately the ones performing the procedure, so there must be consensus,” Prem says. “We must also allow for exceptions, since the profiles of patients can be quite different.”

“Healthcare and medicine can be complex in that way.”

In Fortune’s “Asia Agenda” column, released at least twice a month, we speak with Asia’s top business leaders about how they are building for the future and the lessons they’ve drawn from leading companies in one of the world’s fastest growing and most dynamic regions. Explore all of our profiles here.

This story was originally featured on Fortune.com

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The United States will refrain from striking Iran “for the time being,” US Secretary of State Marco Rubio told several foreign counterparts, Axios reported Tuesday, citing a US official and a second source familiar with the matter.

According to the sources, the US instead intends to pressure Tehran through other means, including the recently announced Operation Economic Outcast, though the official did not rule out a return to strikes should Iran attack the US first.

Another US official said that the US Navy’s clearing of mines from the Strait of Hormuz is a “watershed moment in the war,” which removes one of Iran’s main points of leverage in the war.

“The Iranians have lost control over the strait. Now the US controls it,” Axios quoted one US official as saying.

Rubio outlined the Trump administration’s current policy on Iran to his counterparts, Axios reported, including the intention to avoid military action against Iran for the time being, increasing economic pressure on Tehran, and transporting as much oil as possible through the Strait of Hormuz.

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.  (credit: REUTERS/STRINGER)

The policy is expected to last until after the US midterm elections on November 3, according to a second US official, after which a new military offensive might return to the table.

“The Iranian economy is in free fall, and the regime’s military has been decimated,” US State Department Spokesman Tommy Pigott told Axios, “and we are cutting off every financial lifeline the regime has remaining.”

“The president has been clear that Iran cannot have a nuclear weapon, and that he will use the tools necessary to ensure that objective is accomplished.”

US launches Operation Economic Outcast

Operation Economic Outcast was announced on Monday by US Treasury Secretary Scott Bessent, following earlier threats of an “economic D-Day” against the regime.

“Our objective is to sever every economic lifeline that sustains this tyrannical regime until Tehran stands alone,” said Bessent.

Bessent described the operation as “a sustained campaign to collapse every last option for Iran,” saying that those involved in “any” economic cooperation with Tehran would expose themselves to “the full reach of American power.”

He added that Iran faces a “very clear choice,” saying the regime can either accept “complete global isolation” or a path to normalcy.

Bessent described the operation’s methods as actions that will “tighten the noose” around Iran’s funding sources, leaving it “no breathing space.”

He listed five Iranian “vital lifelines” that the operation would initially target: digital assets, technology, gold, aviation, and shipping.

Aaron Glick, Esther Davis, and Reuters contributed to this report.

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At least three Indian oil refiners and a global energy major plan to stop using vessels on Iran’s new blacklist, including for ship-to-ship transfers, due to security concerns, four sources with direct knowledge of the matter said this week.

Tehran announced on Sunday a blacklist of 45 ships it said had broken its rules for crossing the Strait of Hormuz, and would take action against any vessels transferring loads with them, escalating its threats over the key waterway for global energy supplies six months into the US-Israeli war on Iran.

Iran’s announcement appears designed to impede the so-called shuttle runs Gulf oil producers such as the United Arab Emirates and Saudi Arabia have undertaken with dedicated tankers to move oil from the Gulf through Hormuz for unloading through STS transfers in the Gulf of Oman onto ships to end-users.

The shuttle runs have kept alive oil flows from the Middle East that have been curtailed by Iran’s clampdown on shipping through the strait because of the war.

The named vessels could be fined, detained, and have their cargoes confiscated, according to a post on social media site X/Twitter from the Persian Gulf Strait Authority, a new body Iran set up to manage the strait.

Vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 17, 2026.  (credit: REUTERS/STRINGER)

“We will avoid our chartered vessels dealing or STS or anything to do with non-compliant ships for Middle Eastern cargoes,” said one of the sources, who works at an Indian refinery.

The sources declined to be identified because of the sensitivity of the issue.

Some of the tankers Iran listed are owned or chartered by Saudi Aramco and Abu Dhabi National Oil Co (ADNOC). The ships have been used for shuttling crude, refined products and liquefied natural gas (LNG) out of the Gulf for STS transfer off Fujairah in the UAE or Sohar, Oman, according to shipping data.

Saudi Aramco and ADNOC declined to comment.

Ana Subasic, a trade risk analyst at shipping tracking firm Kpler, said the most compliance-sensitive buyers are expected to avoid these vessels moving forward, but the trade is more likely to reroute through alternative tonnage, counterparties or transfer locations than disappear altogether.

Internal discussions

Several charterers and shipping firms are discussing internally whether to continue their STS operations or not and are evaluating Iran’s warning, multiple other trade and shipping sources said, with one of them, a Gulf crude buyer, saying it would be safer to buy oil on a delivered basis shipped to a final destination instead of free-on-board at STS locations in the Gulf of Oman.

Those sources also declined to be identified because of the sensitivity of the matter.

“Our internal departments are still in discussion on how to proceed with crude deliveries from the Strait of Hormuz via ship-to-ship transfers in the long term,” said Formosa Petrochemical Corp President KY Lin.

Iran has previously attacked several of the tankers, including the Wedyan, Mombasa B and Al Bahyah.

Two crude ships no longer giving location

Two of the 12 very large crude carriers on Iran’s blacklist were no longer giving their location through their automatic identification systems (AIS) by Tuesday after the list was released, while the rest have had their AIS transponders switched off for weeks.

“The key issue is contagion,” Kpler’s Subasic said.

“If Iran follows through on threats to penalize vessels that conduct STS transfers with blacklisted tankers, that should narrow the pool of willing shipowners, charterers and buyers, particularly among firms with material Gulf exposure, while increasing due-diligence requirements and potentially freight, insurance and risk premia.”

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A Nicaraguan immigrant taken into custody by US Border Patrol agents while his son, a US Navy sailor, was deployed at sea aboard an aircraft carrier during the US-Israeli war on Iran was freed from detention, his family said on Tuesday.

The family’s announcement on Facebook that Luis Manuel Aviles Roa had been released came three days after Joshua Aviles went public about his father’s arrest, lamenting the heartbreak he felt serving his country while his father was locked away. 

In his Facebook post on Saturday, Joshua Aviles said his father was picked up by immigration authorities despite having a driver’s license, Social Security card, and work permit, and had been waiting to obtain a “green card” granting him permanent legal US residency.  

“I’ve been deployed for over nine months, out at sea in the Middle East aboard the USS Abraham Lincoln, fighting for a country that has given me everything,” the sailor wrote. “I don’t know how I can mentally continue working 12+ hour days knowing that my dad is somewhere, possibly being treated like a criminal.”

Border Patrol agents arrested the sailor’s father after conducting a vehicle stop in Key West, Florida, according to the US Department of Homeland Security.

USS Abraham Lincoln (CVN 72) conducts US blockade operations related to the Strait of Hormuz on April 16, 2026. (credit: Handout Photo by the U.S. Navy via Getty Images)

The DHS, parent agency of the Border Patrol, said Luis Manuel Aviles Roa had entered the US illegally and would remain in Immigration and Customs Enforcement detention pending removal proceedings.

“Having a family member in the military is not a free pass to violate our nation’s laws,” the DHS said in its statement on Sunday.

Father released back to his family

But an update posted on Tuesday to the son’s Facebook account said: “Luis has been released back to his family,” adding, “We are grateful for all of the support for both Luis and Josh throughout this situation.” No explanation was offered for the change in the father’s status.

Neither the DHS nor ICE immediately responded to a Reuters request for comment.

The Abraham Lincoln, which left the Middle East on Saturday, made recent headlines in separate news reports about challenges the crew faced during the ship’s lengthy deployment for the Iran war, having not made a port of call in more than 200 days.

Democratic lawmakers have said the aircraft carrier set a modern-day record for consecutive days at sea, an issue that gained national attention after sailors’ families raised concerns about worsening conditions on the warship.

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New York City Mayor Zohran Mamdani said on Tuesday he did not support an upcoming event in his city featuring the leader of the Hindu nationalist group that is the ideological parent of India’s ruling Bharatiya Janata Party (BJP).

Mohan Bhagwat, chief of the Rashtriya Swayamsevak Sangh (RSS), is scheduled to speak at a Manhattan event on Saturday, according to the event’s website.

“I don’t support the rally, but I don’t know if the city has any jurisdiction to cancel a private event,” Mamdani, who is the first Muslim and Indian American mayor of New York City, said when asked if the event should be canceled.

“The vision of India that I was taught by my family and one that I grew up being very familiar with was of a pluralistic society of a secular Republic that believed in the belonging of each and every person who was from India. And it has been incredibly troubling to see the rise of a movement that is predicated on an exclusionary vision.”

The event’s website casts the August 29 gathering as the “Universal Oneness Celebration” bringing together the Hindu American community.

Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat addresses students during the India International Movement to Unite Nations (I.I.M.U.N.) 15th Anniversary Championship Conference in Mumbai, India, August 6, 2026. (credit: REUTERS/FRANCIS MASCARENHAS)

Local organizations criticize Bhagwat, UN condemned RSS involvement

The organizers, American Hindus for Engagement and Dialogue, say several Hindu American groups back the event, which promotes shared heritage and interfaith unity. Many local organizations have criticized it over Bhagwat’s attendance and the RSS’s history. 

The RSS, a powerful Hindu group from which Indian Prime Minister Narendra Modi‘s BJP emerged, said in May it had organized foreign visits, including to the US, to counter perceptions that it is a paramilitary outfit involved in attacks on minority communities. 

The US Commission on International Religious Freedom says the RSS “has been involved in acts of extreme violence and intolerance against members of minority groups for decades.”

The RSS disputes intolerance accusations and says it is a “Hindu-centric civilizational, cultural movement” whose goal is to “carry the nation to the pinnacle of glory,” including by uniting Hindus. 

United Nations and human rights groups say abuse of Indian minorities has risen in recent years, pointing to rising hate speech, a religion-based citizenship law, the demolition of Muslim-owned properties, the removal of Muslim-majority Kashmir’s autonomy, and an anti-conversion legislation that challenges freedom of belief.

The BJP-led Indian government denies being discriminatory and says its policies, including food subsidy programs and electrification drives, benefit all communities. 

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Accounting firm Deloitte agreed to pay $21.5 million to settle Department of Justice allegations that it violated the False Claims Act by failing to comply with anti-discrimination requirements in federal contracts and discriminating on the basis of race or sex, the department announced Tuesday.

The settlement resolves allegations that Deloitte violated the False Claims Act by failing to comply with anti-discrimination requirements in its federal contracts and allegedly discriminating against employees and applicants on the basis of their race or sex, according to the DOJ.

The DOJ said business units within Deloitte received monthly summaries tracking the “demographic goals” and alleged that the company’s partners, principals and managing directors were evaluated, in part, based on their contributions to helping it achieve its workforce composition goals.

TARGET PULLS ‘OFFENSIVE’ HALLOWEEN COSTUME CRITICS ACCUSED OF EVOKING BLACKFACE: ‘WE ARE DEEPLY SORRY’

The DEI goals, according to the DOJ, attempted to boost the representation of the Black and Hispanic communities in promotion decisions.

“Government contractors cannot reward or penalize employees based on race or sex — and labeling the practice DEI does not make it lawful,” Attorney General Todd Blanche said in a statement. “The Justice Department will aggressively pursue government contractors that have used taxpayer dollars to fund unlawful discrimination.”

Deloitte denies allegations of discriminatory conduct and said the settlement agreement does not represent an admission of liability. The company said it was pleased to resolve the matter to “avoid the cost and distraction of protracted litigation.”

The DOJ said the claims resolved in the settlement are allegations only and that there has been no determination of liability.

The settlement also resolves claims brought under the False Claims Act’s qui tam provisions by the American Alliance for Equal Rights, a group founded by conservative activist and affirmative action opponent Edward Blum, which allows private parties, known as relators, to bring cases on the government’s behalf and potentially receive a share of any recovery.

Whistleblowers are entitled to a cut of any recovery in these cases. Blum’s group will receive $4.3 million as part of Tuesday’s agreement, the DOJ said.

“Merit drives opportunity and promotion. Not someone’s sex or race,” Associate Attorney General Stanley E. Woodward Jr. said in a statement. “Today’s settlement is yet another example of this Department’s commitment to eliminating woke, unconstitutional practices from American workplaces.”

WHITE HOUSE STUDY SAYS DEI POLICIES COST US ECONOMY BY PROMOTING UNQUALIFIED MANAGERS

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This comes as the Trump administration has sought to crack down on DEI initiatives since the president’s return to the White House. This has included executive orders aimed at rooting out DEI practices, such as orders directing federal contractors and subcontractors to certify that they do not operate DEI programs that violate applicable federal anti-discrimination laws.

The administration has targeted public ​and private organizations over DEI, including government agencies and universities. The administration has argued that some race and sex-conscious DEI programs are discriminatory and undermine merit-based decision-making.

Many U.S. companies scaled back ​or amended diversity policies in the wake of Trump’s crackdown.

This post was originally published here. 

The confrontation between the United States and Iran has entered a new phase. The military conflict that dominated headlines earlier this year is increasingly giving way to a broader contest of economic pressure, maritime security, diplomacy, and great-power competition. This is part of the changing world order, as the conflict accelerates new trends around the world.

The Trump administration has made it clear that it believes the next stage of the campaign will rely less on airstrikes and more on isolating Iran economically while maintaining military deterrence. Tehran, meanwhile, is seeking to mobilize its remaining allies and show it still has leverage.

Here are five ways the US-Iran conflict is changing.

1. The Strait of Hormuz may be shifting from a battlefield to a shipping corridor

One of the clearest signs of the transition came today, when President Donald Trump announced that the US Navy had successfully cleared naval mines from the Strait of Hormuz. “All mines have been removed and/or detonated from within the International Waters of the Strait of Hormuz,” Trump wrote on Truth Social.

The message was about more than mines. It was intended to demonstrate that Washington intends to guarantee freedom of navigation despite months of Iranian attempts to disrupt maritime traffic. Trump also warned that Iran had been informed that any vessel attempting to lay additional mines would be “immediately and systematically destroyed.” The US has backed freedom of navigation as policy since the Woodrow Wilson administration more than 100 years ago.

Supporters of Reza Pahlavi and Iran's former monarchy take part in a demonstration in New York City, May 16, 2026. (credit: Ed Ou/Reuters)

For decades, Iran has viewed the Strait of Hormuz as one of its strategic anchors. Around one-fifth of global oil shipments traditionally transited the waterway. The ability to threaten shipping has provided Tehran with leverage during periods of crisis. It did this in 2019, mining ships. The US objective now appears to be removing that leverage while reassuring global energy markets that international shipping can continue.

2. Economic pressure has become Washington’s primary weapon. The Trump administration has also signaled that economic pressure will now become the centerpiece of US strategy

Treasury Secretary Scott Bessent announced the launch of Operation Economic Outcast, describing it as an unprecedented whole-of-government campaign to isolate Iran financially. “In the Second World War, D-Day marked the historic beginning of a campaign with our allies to target and drive the enemy from its positions,” Bessent said. “Today, in that same spirit, we are launching an economic onslaught against Iran’s financial connections around the globe.”

The Treasury Department indicates it has mapped Iranian financial networks, oil smuggling operations, sanctions evasion mechanisms, and funding channels linked to the Islamic Revolutionary Guard Corps (IRGC). The goal is to sever what Washington describes as every remaining economic lifeline supporting the regime.

Unlike previous sanctions campaigns, this initiative appears designed as an open-ended global effort rather than a series of individual sanctions packages. Washington is also framing the campaign as a choice for third countries: align with the United States or risk becoming economically isolated alongside Iran. It remains to be seen if this will work. 

3. China is slowly expressing its concern about the conflict as it inches its way into the region

The new American strategy immediately highlighted another reality: the growing importance of China. Beijing criticized the new sanctions, warning that they would “only further intensify tensions” and arguing that China’s legitimate cooperation with Iran should not be disrupted. Chinese officials again opposed what they described as unilateral American sanctions. China has a 25-year economic deal with Iran. China also benefits from the US being tied up in fights with Iran.

Iranian officials have emphasized that China remains one of Tehran’s most important partners. Economy Minister Ali Madanizadeh argued that both China and Russia have shown no indication that they intend to fully comply with Washington’s new campaign.

This reflects a broader geopolitical competition. For years, Iran has looked eastward as relations with Western countries deteriorated. China has purchased Iranian oil, invested in infrastructure to a limited extent, and expanded political ties. Russia has likewise deepened military and strategic cooperation with Tehran. Iran expects more from China. China has shown it is cautious and pragmatic.

As a result, the US-Iran confrontation is becoming inseparable from wider competition among major powers as the world order shifts toward a multipolar world. The effectiveness of Operation Economic Outcast may depend not only on American enforcement but also on whether Beijing and Moscow decide to reduce their engagement with Tehran.

4. Iran is responding with economic measures and attempts at deterrence

Iran’s response illustrates that Tehran increasingly views economic pressure as another form of warfare. Madanizadeh described the new sanctions as an “economic terrorist attack” and warned that Washington should “expect an attack” in response. “We know how to play the game too,” he said during an interview broadcast on Iranian state television.

Although the precise meaning of those comments remains unclear, Iranian leaders have sought to respond to economic pressure through so-called asymmetric means. Previous periods of sanctions have coincided with responses that included cyber attacks, threats by Iranian-backed proxy groups, maritime attacks, and efforts to disrupt regional energy infrastructure. The fact that the US has been successful against mines may show Iran can’t control the tempo any longer.

5. Regional diplomacy is continuing alongside confrontation

Diplomacy has not evaporated. On August 25, Oman and Iran issued a joint statement following consultations between Omani Foreign Minister Sayyid Badr bin Hamad Albusaidi and Iranian Foreign Minister Abbas Araghchi. They posted about the new initiative on the social media platform X/Twitter.

The discussions focused on restoring safe navigation through the Strait of Hormuz while respecting sovereignty. Both governments said they discussed a phased framework that could provide a practical basis for moving forward following the recent conflict.

Oman has long played a key role in regional diplomacy. The Sultanate has maintained relations with both Washington and Tehran and has frequently served as a discreet channel for negotiations. Previous US-Iran nuclear talks also benefited from Omani mediation. This has led to US threats against Oman.

Iran is seeking to demonstrate resilience while preserving diplomatic options through partners such as Oman. Regional states are attempting to prevent another escalation that could once again threaten global energy markets. Oman’s outreach follows Pakistani officials’ visit to Tehran. 

This post was originally published on here. 

Michigan’s Democratic US Senate candidate Abdul El-Sayed has taken the unusual step of distancing himself, somewhat, from one of his strongest supporters, the influential anti-Israel livestreamer Hasan Piker, over the issue of antisemitism.

El-Sayed was one of a number of high-profile Democrats to do so days after Piker made comments that some party leaders and others interpreted as justifying threats to American Jews. 

Speaking on a Twitch livestream on Aug. 20, Piker stated, “If Jews in America keep putting this idea out there that they are singularly invested in Israel, eventually someone’s going to come around and take action.” Piker added, “Not against the state of Israel, mind you, but against American Jews.”

Piker also referred to Israel as “Jewish ISIS.” He made the comments while showing a picture of Michigan state Sen. Jeremy Moss, a pro-Israel Jewish Democrat running for Congress, and a link to a story about Moss’s reluctance to back El-Sayed.

In response, El-Sayed linked his social media statement directly to Piker as he reiterated his ”commitment to Jewish safety,” stating that “antisemitism is a scourge” and denounced “any rhetoric that puts the community at risk.”

US Democratic Senate candidate from Michigan Abdul El-Sayed addresses a rally at Renaissance High School in Detroit, Michigan, Aug. 7, 2026. (credit: JEFF KOWALSKY/AFP VIA GETTY IMAGES/JTA)

Rep. Scholten criticized Piker harshly for his words on American Jews

If not necessarily a sharp pivot, El-Sayed’s words, coming from a strident Israel critic in his own right, still represented an acknowledgement that his biggest campaign surrogate poses problems for his relationships with the Jewish community as well as other Democrats. 

Piker’s remarks sparked a new round of intense backlash against a figure already facing criticism for harsh words about Israel and its Jewish supporters. Moss and other Democrats said Piker, who is hugely popular on the online progressive left, has been embraced by several progressive House candidates and has spoken at major Democratic confabs, was fomenting discord against Jews.

“Hasan Piker’s talk of violence against American Jews, and directly naming a Michigan elected official, and future member of Congress, Jeremy Moss, is unacceptable. Full stop,” Michigan US Rep. Hillary Scholten, a Democrat, said in a statement Monday. 

Calling Piker “a hack who thrives on hate, shock and awe because he lacks substance,” Scholten further described his remarks as “disgusting” and “dangerous for everyone.” The moderate congresswoman had reportedly been in talks to endorse El-Sayed when the latest Piker controversy erupted, ending such dialogue, according to Semafor.

House Democratic Leader Hakeem Jeffries of New York also weighed in on a post on X/Twitter, although he did not mention Piker by name. 

“There is zero justification for threats against the safety of our Jewish brothers and sisters at a moment of rising hate. We will fight the cancer of antisemitism with the fierce urgency of now,” Jeffries posted. Democratic National Committee chair Ken Martin, likewise, condemned Piker’s remarks without naming him.

Some Jewish Democrats did mention Piker by name in their condemnations, including Michigan Sen. Elissa Slotkin and Micah Lasher, a Jewish pro-Israel progressive and Democratic nominee for Congress in New York.

“The issue isn’t (just) that he lumps all Jews together and holds us all accountable for the supposed evils of Israel,” Lasher wrote of Piker on X. “It’s that his nonstop drive to demonize the world’s sole Jewish state, along with those who support its survival, crosses the line, by miles, between criticism and Jew hatred of the ancient variety.”

Lasher went further into ruminations on the changing Jewish relationship to Zionism, saying that Piker has “helped turn the Z-word into a slur such that large numbers of Jews, particularly younger ones, disown it partly out of misunderstanding.”

In an email to JTA on Tuesday, Piker, who campaigned alongside El-Sayed at Michigan colleges, said the controversy wouldn’t affect his views or his support of El-Sayed. He also defended his remarks, saying they did not constitute a threat against Jews but a warning of how their support for Israel might be construed.

“I see antisemitism unjustly rising as Israel’s popularity rightfully plummets due to its genocide,” he wrote, quoting a column by Jewish New York Times columnist Ezra Klein that Piker said made a similar point. 

In that April 12 article, Klein asserted that “Anti-Zionism is rising as a response to what Israel is doing.” In the same article, he noted that Piker had said “offensive things” about Jews, but denied that the anti-Zionist influencer was a “Jew hater.” 

In his response to JTA, Piker added, “I don’t think any group is monolithic in their approach to issues, and the erasure of anti-Zionist Jews and calling all criticisms of Israel antisemitic only feeds into this dangerous false notion that Judaism and Zionism are inseparable and that all Jews are singularly invested in Israel.”

Piker chalked up El-Sayed’s remarks criticizing his recent comments to a political calculation. “I don’t think Abdul should cave to the Republican attack ads and framing, but if this allows him to stay on message then, he’s going to do what he must,” Piker wrote.

Many Jews struggling with El-Sayed over Israel views

The incident with Piker comes as El-Sayed is working to secure the support of Michigan Democrats ahead of the November election.

El-Sayed’s GOP opponent, former US Rep. Mike Rogers, has highlighted El-Sayed’s record on Israel and relationship with Piker to similarly court Jewish voters. Rogers called Piker the Democratic candidate’s “running mate” at the state party nominating convention over the weekend, and issued a statement on Monday saying Piker had made a “call for violence against the Jewish Community, specifically against Jeremy Moss.” 

Rogers added that El-Sayed’s criticism of Piker “is the epitome of what a conman does, says one thing when it serves him and another when it doesn’t.” Rogers, who is polling in a statistical dead heat with El-Sayed, has pushed outreach to disaffected Jewish voters as part of his campaign strategy.

Jewish Democrats have struggled with the question of whether, or how, to coalesce around El-Sayed, who, among other positions, opposes all military aid to Israel. The candidate is scheduled to host two events Wednesday, including a town hall in heavily Jewish Oakland County, with Maryland Rep. Jamie Raskin, a progressive pro-Israel Jew. 

Michigan Rep. Haley Stevens, who lost the primary to El-Sayed in a race in which AIPAC and affiliated groups spent tens of millions of dollars supporting her, endorsed him after his victory. Stevens has since urged El-Sayed to distance himself from Piker.

US Congresswoman Haley Stevens listens during a ''End The Gun Violence'' Town Hall in Commerce Township, Michigan, US, October 1, 2019. (credit: REUTERS/REBECCA COOK)

Moss, meanwhile, has so far withheld endorsing El-Sayed, while the state’s Jewish attorney general, Dana Nessel, has urged the candidate to “tone down the rhetoric.”

Rabbi Asher Lopatin, who formerly headed community relations for Ann Arbor’s Jewish federation and spoke at a “Democrats for Mike Rogers” press conference days before the latest Piker blowup, has cited El-Sayed’s relationship with the streamer as a key reason for why he shouldn’t serve in the Senate. 

The candidate’s latest statement hasn’t convinced him otherwise, Lopatin told JTA.

“I don’t want a political statement,” Lopatin said. “I want him to apologize for being around someone like Hasan Piker.” 

A sincere effort by El-Sayed to win over Jewish voters, the rabbi said, would “say openly that I respect Jews that are Zionist, I respect the Jewish people who have a sense of peoplehood, who have a connection to Israel.”

Moss, who is hoping to fill the seat in a heavily Jewish suburban Detroit district being vacated by Stevens, also took Piker to task Monday while continuing to gingerly describe his relationship with El-Sayed.

“I will not be lectured by a California podcaster about what Oakland County, Michigan’s Jewish community should and shouldn’t believe,” the candidate wrote in his own statement. (Piker lives and works in Los Angeles.) “And we certainly won’t be gaslit that we’re responsible for the antisemitic harm upon us.” 

Moss referenced the attack on Temple Israel in West Bloomfield, a Detroit suburb, earlier this year. The congregation sits in the district he hopes to represent, and El-Sayed’s response to the attack, appearing to link it to the attacker having lost family in an Israeli strike on Lebanon, was roundly criticized by the state’s Jewish community.

Moss’s own relationship with El-Sayed has become a larger stand-in for how the Democratic Party may struggle to keep Jewish Americans in its tent amid deep divisions over Israel. 

Before Piker singled him out, Moss had told Slate that he’s held several ongoing conversations with his party’s Senate candidate but that El-Sayed was “going to have to demonstrate some serious outreach to Oakland County’s Jewish community.” 

Responding to Moss’s comments on the initial livestream that prompted the furor, Piker had mused, “I wonder what he has to do to gain the support of Oakland County’s Jewish community. Yeah, he has to drop his critiques of Israel. That’s what it is.”

Prior to his showdown with Piker, Moss told his followers he had been the target of a different sort of attack: “manipulated and unsourced audio” falsely attributing antisemitic tropes to him. In recordings circulating online over the last few weeks, including by a former Democratic primary opponent to Moss, a voice purporting to belong to Moss can be heard saying, “The entire purpose of my campaign is to ensure that the US continues to support Israel.”

In a post on X on Aug. 18, Moss wrote that the words in the audio were not his. He noted that the audio “peddles in offensive tropes and lies, especially the lie of dual loyalty suggesting that Jews are never fully citizens of or loyal to their home countries.” 

The Democratic party, which is desperate to hold their Senate seat in Michigan, has limited time to mend fences with the state’s estimated 100,000 Jews. Michigan Democrats are holding their statewide nominating convention on Saturday; Nessel has already said she won’t attend out of fear of being targeted for antisemitic harassment. 

Dialogue between Moss and El-Sayed is still ongoing, the former wrote Monday, noting “our shared fight against MAGA extremism.” 

Moss said they have “talked about Jewish and Arab safety and security, both here at home in Michigan and in the Middle East.” He added, “There is still work ahead to unite our ticket despite our differences.”

This post was originally published on here. 

At 40%, Florida has the smallest proportion of its workforce receiving health insurance through their employer in the nation.

The state also has one of the highest rates of individuals under age 65 who are uninsured and the highest number and proportion of users of health insurance subsidies under the Affordable Care Act, also known as the ACA or Obamacare.

In December 2025, Congress let ACA subsidy increases that were put in place during the COVID-19 pandemic lapse. At that time, policy analysts and scholars predicted dire consequences for Florida.

The decision not to extend these increased government subsidies of health insurance premiums came after heated partisan debate in Congress and the longest federal government shutdown in U.S. history.

As a gerontologist interested in healthcare policy, I’ve been looking at the ACA enrollment data during the period since the subsidy changes went into effect to see how Florida residents were affected and how the state compares to the nation overall.

In July 2026, the health policy research group KFF reported the most recent available ACA enrollment data on people who both enrolled and paid their first insurance premium – a process known as effectuated enrollment. This data looks at the period from January 2026 through the end of February 2026.

Who buys their health insurance through the ACA

While the majority of American workers between the ages of 19 and 64 receive health insurance through their employers, many people, especially those who are self-employed or working for smaller businesses, do not.

Florida had and continues to have the most individuals insured through the ACA in the nation, with more than 20% of Floridians under age 65 using the ACA, compared to 7% for the nation overall.

The subsidy change controversy

Under the original ACA legislation that President Barack Obama signed into law in 2010, everyone whose premium was subsidized by the federal government was required to contribute to their insurance plan premium.

People earning 115% of the poverty level – $18,000 in 2010 – contributed 2.1% of the plan’s cost, and those earning 400% of the poverty level, which was $60,240 in 2010, contributed 10%. Individuals earning above that amount were not eligible for the subsidy.

In 2021, in hopes of alleviating economic pressures during the pandemic, Congress passed legislation eliminating premiums for people with the lowest incomes and reduced the cost for people with higher incomes. The 10% of ACA enrollees making more than 400% of the poverty level, or $128,000 in 2021, were eligible for a subsidy for the first time.

In the period following these subsidy changes, the number of effectuated enrollees increased from 13.5 million in 2022 to 21.8 million in 2025. In other words, the increased subsidies made the ACA much more attractive to healthcare consumers, as intended.

A June 2026 report from the U.S. Department of Health and Human Services stated that almost 3 million people who received a subsidy in 2025 lost coverage in 2026. The report suggested these subsidies were not appropriate, because many recipients of subsidies were high-income individuals. It claimed others were eligible for other public insurance programs, such as Medicaid.

Moreover, Trump administration officials have contended these improper enrollments were the result of widespread fraud. Many healthcare policy analysts disagree with these contentions about fraud, noting partisan politics have now become part of the dissemination of government reports.

Outcomes so far

The rollback in the subsidy amounts increased premiums for people buying insurance through the ACA by an average of 37%, or $1,000, per year nationally.

As expected, the increase in out-of-pocket costs meant fewer people bought insurance through the ACA. In 2026, 19.1 million Americans had an effectuated health insurance enrollment through the ACA.

This 12.4% drop from 2025 was not distributed evenly across all 50 states. Ohio and Oklahoma tied for the largest drop, with a 32% decrease in ACA enrollments.

Of the seven states with the highest ACA proportional enrollments, three had among the highest rates of people dropping ACA coverage in the nation, with South Carolina losing 29%, Mississippi 26% and Alabama 23%. Utah saw a decrease of 16%.

Florida’s effectuated enrollment in the ACA fell 10%, from 4.3 million to 3.85 million. Though the proportional decline was less than in other states, this was the largest number of people in any state who dropped coverage. Texas recorded a 4% decline and Georgia 8%.

ACA enrollment rose in only one state, New Mexico, where it increased 14%. Enrollment was unchanged in Illinois. States that had enacted policy changes to financially support ACA premiums, such as funding their own subsidies, saw smaller declines in enrollment.

For Florida, it is not clear what the decline of 450,000 enrollees in ACA plans will mean for the overall state uninsured rate. Some may transfer to a spouse’s policy, while others may find a lower-cost catastrophic insurance policy. The complete picture won’t emerge until 2027, when the state uninsured rates are released.

The 2025-26 enrollment changes showed that 2.7 million Americans left the ACA exchange, and 1 in 10 of them reported becoming uninsured.

Prior to the subsidy rollbacks, healthcare policy analysts predicted that about 6 million people would leave the ACA exchange, with an estimated 80% of them – 4.8 million people – becoming uninsured. So far, the outcome has not been as bad as they feared.

Still enrolled, but with lower coverage

The reason for this may be that consumers opted for less coverage rather than dropping it altogether. The 2026 data shows a large drop in the proportion of individuals purchasing the middle-level silver plans – from 56.2% to 42.6%.

At the same time, there was a substantial increase, 29.9% to 39.6%, in people enrolling in the lower cost – and lower coverage – bronze plans. There was also a curious result in that there was a modest increase, from 13.2% to 17.2%, in enrollment in the higher-level gold plans.

person counting cash next to a bunch of prescription bottles

As prices on groceries and fuel go up, some people may be forced to choose between health insurance and food. Thanasis/Moment via Getty Images

What’s next

It bodes well that fewer people than expected dropped their ACA insurance coverage. But as the cost of housing, fuel and groceries continues to go up, rising insurance premiums may force more people to drop even catastrophic coverage.

This creates a ripple effect: When patients can’t afford health insurance, the cost of caring for them puts more financial pressure on hospitals and medical practices. This can lead to reduced services and closures, which makes healthcare more difficult to access for everyone, not just those on the ACA marketplace.

Robert Applebaum, Senior Research Scholar in Gerontology, Miami University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

The Conversation

This story was originally featured on Fortune.com

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At least 15 infants were killed when a fire broke out at a state-run hospital in Pakistan‘s capital city, Islamabad, triggered by a fault in the air conditioning system, local broadcaster Geo TV reported on Wednesday.

The fire, which broke out at the Pakistan Institute of Medical Sciences (PIMS) hospital, started around two hours ago, the broadcaster said, adding that “cooling operations” were ongoing.

There were 16 newborns at the hospital’s gynecology ward when the fire broke out, one of whom was rescued, according to Geo. 

This is a developing story.

This post was originally published on here. 

In a lifetime of theater-going I have never heard the word “historiography” on stage. 

But that is exactly what the Tony-Award winning playwright Jonathan Spector served up in his astonishing new play “Birthright.” 

In its first act, set in 2006, we join six friends just back from a Birthright Israel trip. Lev, the seeker of “meaning,” introduces “historiography.” For historians, like me, that is the craft of writing history. Lev drops it into a speech about Yosef Hayim Yersushalmi’s masterwork “Zakhor: Jewish History and Jewish Memory.”

I was stunned. “Zakhor” was published in 1982. Every historian of my generation has read it. My notes on it are so old that they were typed. But it is not a book that many people outside the academy, or even many of my graduate students, have read. 

Its author, Yosef Hayim Yerushalmi (1932-2009), was a professor of Jewish history at Columbia University and a giant in the field. In just a hundred pages, “Zakhor” lays out the tension between the Jewish people’s collective memory and the disruption the modern scholarly study of the Jewish past raised for the Jewish faith. 

 Passover Seder plate with alternative fillings. (credit: NAVA ATLAS)

‘Lev wrestles with the Jewish past and the fractures of the Jewish present’

To give an example: In 2001, the prominent Los Angeles Rabbi David Wolpe preached at Passover that scholars agree “that the way the Bible describes the Exodus is not the way it happened, if it happened at all.” By giving voice to the modern historical approach, Wolpe’s sermon caused a firestorm.

A few weeks after Oct. 7, 2023, Spector was invited by Miami New Drama’s artistic director, Michel Hausmann, to write a play about this moment in American Jewish life. The play, which premiered in Miami in 2025 and recently completed an extended off-Broadway run at MCC Theater, follows six American Jews over 18 years, exploring how their friendships, Jewish identities and relationships to Israel evolve in the years before and after Oct. 7. 

Early in his research, Spector stumbled on a single quotation from “Zakhor” in the playwright Tony Kushner’s edited collection of essays “Wrestling with Zion.” 

That led Spector to Yerushalmi’s meditation on memory and Jewish history. He considers its analysis so significant that in an earlier draft, Lev’s discourse about Zakhor went on for 10 pages. 

Lev wrestles, as does the play, with the Jewish past and the fractures of the Jewish present. 

The Bible commands Jews to remember, “zakhor,” his past “like 200 times,” Lev tells us. (Yerushalmi actually counted 169 times.)

“Zakhor” shows, Lev explains, just which parts of Jewish history claim a unique place within Jewish tradition. The narrative that extends from Abraham to the destruction of the Second Temple became a central pillar of the Jewish faith, embodied in holidays, prayer and ritual, enacted and re-enacted by the community across the millennia. 

But for medieval rabbis, once the Second Temple was destroyed, history became unimportant. Historiography disappeared from Jewish writing until the expulsion of the Jews from Spain in 1492. With that rupture, and stunned by this trauma, some 16th-century Jews took up their pens to write histories of Jewish suffering since the fall of the Second Temple.

Then history writing once again vanished from Jewish literature until it was again sparked by trauma. 

In 1819, antisemitic “Hep! Hep!” riots, perpetrated largely by craftsmen, small merchants and other townspeople who opposed Jewish emancipation, broke out in Bavaria and spread throughout Germany. In response, a small group of young German Jewish men, whose ranks would come to include the not-yet-converted Heinrich Heine, met in Berlin.

They founded the Society for the Culture and Scientific Study of the Jews. That laid the foundation for the modern writing of Jewish history based on the evidentiary record. 

Spector dedicated the play to his father, Ronald H. Spector

This scholarship, as Wolpe shows us, challenged and continues to challenge Jews and Judaism. Yerushalmi ruefully captured, as Lev reminds us, that today’s Jews may know much more about their past thanks to the writing of history. Yet, as a collective, they remember much less. 

Lev’s search for meaning led him to quit his Birthright trip. Heading off on his own, he latched on to a group of Australian aid workers and followed them into the West Bank. Later, having stumbled upon “Zakhor” in a Haifa used bookstore, Lev comes to believe that Yerushalmi explains what his friends were trying to understand while they were together on the trip: the disconnect between the miracle that became the Jewish state and the violence and suffering that surround it.

Spector told me that he was drawn to Yerushalmi’s assertion that “history has now become the faith of fallen Jews”; that is, as traditional religious belief and practice receded, modern Jews increasingly turn to history as a way of understanding what it means to be Jewish and maintaining a connection to the Jewish past.

Spector had to cut that line from the play. But he had Chaya, the character “in search of community,” call their group “Fallen Jews.” 

Spector dedicated the play to his father, Ronald H. Spector, the distinguished military historian. 

But the son said that it took Yerushalmi’s book, not his father, to introduce him to historiography and to what he has Lev call “the extremely weird and unique relationship” that Jews have with history and historiography. 

I am apparently one of only three people to so far have raised “Zakhor” with Spector during this run of the play. None of the glowing reviews or interviews I have read grasped that he considers this struggle between collective memory and history a “touchpoint” for “Birthright.”

In the past, one Jewish response to trauma was the turn to Jewish history. When Yerushalmi wrote “Zakhor,” the explosion of history-making around the Shoah, including the scores of Holocaust museums and memorials presenting this story to the public, had not yet emerged as another example of historians writing in response to trauma.

I know that historians need distance to write about the past. It is too soon for us to reflect on the story of Oct. 7 and its impact on America’s Jews. But fortunately for theater-lovers, it is not too soon for playwrights to take up the charge.

American University Professor Pamela S. Nadell, the author of the award-winning “Antisemitism, an American Tradition,” has been the Jewish Studies consultant for productions of “The Lehman Trilogy.“

This post was originally published on here.