The spectacular Wyoming village of Jackson Hole is marked by gorgeous mountain peaks, plentiful wildlife, and, for a few days every August, a gathering of the most powerful people in crypto. They come to take part in Anthony Scaramucci’s SALT conference, which has become the industry’s most high-signal event. I tagged along this year, and sat down with the likes of Binance’s CZ and former New York Governor Andrew Cuomo, who has a new gig repping crypto exchange OKX. The person who made the biggest impression on me, though, was Hyperliquid Strategies CEO David Schamis. He is not well known in crypto circles—but that’s likely to change due to his company’s recent rocketship trajectory.

Schamis is an old-school Wall Street guy who spent his early career at Salomon Brothers, the trading shop immortalized in Michael Lewis’s Liar’s Poker. His current act involves running a publicly traded firm that’s built a business amassing Hyperliquid’s HYPE token. It’s a digital asset treasury, or DAT, in other words. Most DATs these days are a dumpster fire, but Hyperliquid Strategies, which started trading in December under the meme-inspired ticker symbol PURR, has been killing it with a soaring share price and a DAT stash that grows ever more valuable.

This success is partly due, no doubt, to Schamis’s sound management. But the biggest reason that Hyperliquid Strategies hasn’t flamed out like so many other DATs is because it is tied to a money printing machine. That machine is the Hyperliquid DeFi platform, which is dominating the perpetual futures trade and using its fee income to burn HYPE tokens. The situation is even sweeter for Hyperliquid because its customers are not just degens, but commodities traders using perps to swing oil contracts and other traditional assets 24/7.

So far, all of this action has been taking place overseas. Since the project’s 2023 launch, its hard-charging CEO Jeff Yan (check out Fortune’s profile of the Harvard grad and physics whiz here) has been content to use an offshore cowboy model to grow Hyperliquid. But that’s about to change as Schamis’s team ramps up a push to create a regulated U.S.-based operation.

Other offshore firms have made plays for the U.S. market but mostly struck out, learning the hard way that it’s not easy to dislodge longtime incumbents like Coinbase, Kraken, and Robinhood. Hyperliquid, though, is likely to fare better since Yan is American-born, and because it has some very influential people advocating for its platform, including President Trump and the Chairman of the CFTC, who is a fan of perpetual futures.

On the corporate side—Hyperliquid Strategies or PURR or whatever you want to call it—there is a powerful team. That includes Schamis, who brings decades of TradFi credibility, and Jake Chervinsky, a highly influential crypto lawyer who is determined to create a legal regime for DeFi in the U.S.

All of this suggests Hyperliquid could suddenly become a major competitive threat to the crypto industry’s big dogs—much as Binance emerged out of nowhere in 2017 to become the biggest exchange in the world. Indeed, the company was on the lips of many of those gathered in Wyoming last week. Incumbents take note.

Jeff John Roberts
jeff.roberts@fortune.com
@jeffjohnroberts

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Google’s $10 million purchase of a vast archive of Spirit Airlines’ internal data—which includes employee emails—has run into opposition from flight attendants, who argue that the privacy protections attached to the deal do not adequately cover sensitive information. The Association of Flight Attendants-CWA, which represents flight attendants nationwide, filed an objection in US Bankruptcy Court for the Southern District of New York challenging the proposed sale of the airline’s digital records to Google.

“The privacy architecture of this transaction is consumer-facing; its payload is disproportionately employee-facing,” the filing states. “Hence, the employee data is far more confidential than the customer data, yet receives far less protection than the customer data.”

Spirit Airlines has been one of America’s best-known low-cost airlines, building business off of affordable flights and charging separately for services. But its collapse has led investors and stakeholders to sell off the company’s remaining assets, which include physical and digital property. 

The dispute creates a wrinkle in Google’s effort to turn the remains of the bankrupt airline into fuel for its AI ambitions. The tech giant won a bankruptcy auction for $10 million, beating AI recruiting company Mercor who offered $7.5 million. The transaction includes roughly 100 million emails and 500 million Microsoft Teams messages—along with spreadsheets, calendars, software code and other internal business records.

Google has disputed the data risk and told Fortune it is currently reviewing the objection filed by the union. The company posits there will be no personal identifying information that is of concern by the AFA-CWA included in the data obtained by Google.

“We acquired part of an enterprise dataset from Spirit Airlines, which can be helpful in improving our products and AI models,” A Google spokesperson told Fortune. “We will not receive any personal information from this dataset.”

The company also said any data that is received through the sale will be de-identified by an unnamed third party before being obtained by the tech corporation.

According to Google’s sale filing, the data protections applied to the auction include consumer data—but doesn’t specifically state employee confidentiality.

“Assets shall not include information that relates to, describes, or is reasonably capable of being associated with a consumer or is otherwise considered ‘personal data’, ‘personal information’, ‘nonpublic personal information’ or other similar term under applicable data protection laws,” the filing read.

Google says it has “no interest” in receiving employee or any individual personal identifying information.

However, the Association of Flight Attendants says Google’s safeguards aren’t enough. In a note published this week, the union said the auction filing “does not address whether the contents of the record are confidential.”

The union also wrote that they have concerns that the Sale Agreement’s “deidentification” might still preserve “referential integrity across the data set”—meaning the transmission of the data could possibly allow the confidential records to be followed.

The organization has also sent challenges to the failed airline itself, arguing the company did not adequately notify employees before shutting down. 

“Spirit Flight Attendants still haven’t been paid their accrued vacation and sick leave, along with other compensation they are due,” AFA-CWA President Sara Nelson told Fortune. “Attempting to now sell their data is adding insult to injury.”

But this doesn’t mean the union is committed to shutting down the sale—or the data transfer. According to its filing, AFA-CWA “does not seek to disrupt the Debtors’ sale process, to unwind the Auction, or to prevent the estates from monetizing data assets.” Instead, it only looks to remove all identifying information that can be traced back to individuals and employees related to the airline.

“The flight attendants’ interest is in confidentiality,” the filing states.

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As of 9 a.m. Eastern Time today, oil sold for $94.12 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 54 cents lower than yesterday morning and approximately a $26.21 rise over the past year.

Oil price per barrel % Change
Price of oil yesterday $94.66 -0.57%
Price of oil 1 month ago $101.22 -7.01%
Price of oil 1 year ago $67.91 +38.59%

Will oil prices go up?

It’s impossible to predict the future of oil prices. Several factors determine the movement of oil, but it ultimately boils down to supply and demand. Again, when threats of economic downturn, war, etc. are high, the oil trajectory can turn rapidly.

How oil prices translate to gas pump prices

When you pay for gas at the pump, you’re paying for more than just the crude oil itself; you’re also springing for links along the chain, such as the refineries and wholesalers—not to mention taxes and local gas station markups.

Still, the crude oil aspect affects the final price most dramatically, as it typically accounts for more than half the price per gallon. When oil prices spike, so do gas prices. And frustratingly, when oil prices drop, gas prices tend to take their time drifting down to the lower price (sometimes referred to as “rockets and feathers”).

The role of the U.S. Strategic Petroleum Reserve

In case of emergency, the U.S. has a store of crude oil known as the Strategic Petroleum Reserve. Its primary purpose is energy security in case of disaster (think sanctions, severe storm damage, even war). But it can also go a long way toward softening crippling price hikes during supply shocks.

It’s not a long-term answer—more of an immediate relief to assist the consumer and keep critical parts of the economy running, like key industries, emergency services, public transportation, etc.

How oil and natural gas prices are linked

Oil and natural gas are both major energy fuels. A big change in oil prices can affect natural gas by extension. For example, if oil prices increase, some industries may swap natural gas for some segments of their operations where possible—which increases demand for natural gas.

Historical performance of oil

When examining oil’s performance, there are generally two major benchmarks:

  • Brent crude oil is the main global oil benchmark.
  • West Texas Intermediate (WTI) is the main benchmark of North America.

Between the two, Brent better represents global oil performance because it prices much of the world’s traded crude. And, it’s often the best way to track historical oil performance. In fact, even the U.S. Energy Information Administration now uses Brent as its primary reference in its Annual Energy Outlook.

Looking at the Brent benchmark across several decades, oil has been anything but steady. It’s seen spikes due to factors such as wars and supply cuts, and it’s also seen crashes from global recessions and an oversupply (called a “glut”). For example:

  • The early 1970s brought the first big oil shock when the Middle East cut exports and imposed an embargo on the U.S. and others during the Yom Kippur War.
  • Prices dropped in the mid-1980s for reasons such as lower demand and more non-OPEC oil producers entering the industry.
  • Prices spiked again in 2008 with increased global demand, but it soon plummeted alongside the global financial crisis.
  • During the 2020 COVID lockdown, oil demand collapsed like never before—bringing prices below $20 per barrel.

All to say, oil’s historical performance has been anything but smooth. Again, it’s hugely affected by wars, recessions, OPEC whims, evolving energy initiatives and policies, and much more.

Energy coverage from Fortune

Looking to stay up-to-date regarding the latest energy developments? Check out our recent coverage:

Frequently asked questions

How is the current price of oil per barrel actually determined?

The current price of oil per barrel depends largely on supply and demand, including news about potential future supply and demand (geopolitics, decisions made by OPEC+, etc.). In the U.S., prices also move based on how friendly an administration is to drilling, as it can affect future supply. For example, 2025 saw the Trump administration move to reopen more than 1.5 million acres in the Coastal Plain of the Arctic National Wildlife Refuge for oil and gas leasing, reversing the Biden administration’s policy of limiting oil drilling in the Arctic.

How often does the price of oil change during the day?

The price of oil updates constantly when the “futures” markets are open. A futures market is effectively an auction where people agree to buy or sell oil in the future. As long as people and companies are trading contracts, the oil price is changing.

How does U.S. shale oil production affect the current price of oil?

In short, shale is rock that contains oil and natural gas. Think of shale as energy yet to be tapped. The more shale the U.S. accesses, the more energy we’ll have—and the more easily oil prices can keep from spiking as much thanks to a greater supply.

How does the current price of oil impact inflation and the broader economy?

When oil is expensive, it tends to make everyday items cost more. This can be related to energy (your heating, gas utilities, etc.), but it’s also due to the logistics involved with making those items accessible to you. Shipping, for example, can affect the price of things at the grocery store, as it’s more expensive to get those products from warehouses and farms onto the shelf.

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Israeli missile and suicide drone company UVision Air and US defense technology company Mistral have won another contract from the US Army to supply Hero 120 suicide drones. The order is worth $50 million. The Hero 120 has a maximum range of about 40 to 60 kilometers and its duration of operation is about an hour. The loitering munition (LM) can be equipped with various types of warheads, including those designed to hit armored vehicles and personnel.

This is a follow-up deal to a huge, multi-year contract that was signed in October 2025, for the supply of suicide drones for $982 million. UVision has its own US subsidiary, but the advantage of Mistral, which is based in Maryland, is its specialization in the integration of security systems and technologies in the US.

UVision has a range of collaborations with various companies, and is very well-known in its field on an international level. Among other things, the company is collaborating with German firm Rheinmetall, and has developed a model for launching suicide drones from a container. The innovative launch platform is important news for the field for several reasons. First and foremost, it allows the use of loitering munitions as part of swarm attacks, in which a large number of drones are used simultaneously. Additional advantages of launching from a container are the possibility of using different platforms and the ability to camouflage the launch system.

The Hero family of LMs are specifically designed to provide front-line forces (including Special Forces) with long-range independent fire capability. With advanced datalink and real-time intelligence for situational awareness, the remote operator is able to maintain ‘eyes’ on the target even at far distances, allowing for accurate strike capabilities in complex operational environments. The operator can maneuver the drone or abort the mission if necessary.

 Attendees examine a Uvision Hero-400 loitering munition at the Mistral Group, Inc. booth at Special Operations Forces (SOF) Week for defense companies, in Tampa, Florida, US, May 7, 2024.  (credit: Reuters/Luke Sharrett)

The system can carry out missions from start to finish or be transferred to ground forces to increase the efficiency of the troops.

UVision has various models in the Hero family, including the Hero 30 for infantry operations, and the Hero 120 for precision strikes on armored targets or fixed targets. 

The HERO 120 offers tactical units a lightweight, high-precision loitering munition capable of engaging targets in complex environments. It is designed to deliver real-time intelligence, surveillance, and reconnaissance (ISR) capabilities alongside lethal strike options. Its modular payload, jam-resistant navigation, and low acoustic signature make it ideal for both conventional and asymmetric warfare.

The company also has the Hero 400 for medium-to-long range strikes on fortified positions. The Hero 1250 carries a 50 kilogram warhead, has a range of more than 200 kilometers and an operation duration of up to 10 hours.

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DAMASCUS – An Israeli drone struck a car near Beit Jinn on August 22, injuring a Syrian man identified in local reports as Ammar Saeed Hamada, as Israel pressed military operations in southern Syria that it says are needed to stop attacks on its territory.

The Israeli military described Hamada as a terrorist in the advanced stages of preparing an attack who posed an immediate threat to its soldiers, but did not publicly provide evidence supporting that characterization.

A local security source quoted by the Syrian news organization Enab Baladi said Hamada was conducting private business rather than carrying out a military mission. Syrian media reported that the strike severely injured his hand.

The Foreign Ministry in Damascus condemned the attack as a violation of Syrian sovereignty. The conflicting accounts could not be independently reconciled.

Hamada is a cousin of Muhammad Hamada and Ali Qasim Hamada, two men detained during an Israeli operation in Beit Jinn in November. Ali was later released, while Muhammad remains in custody.

Ground razed by Israeli bulldozers near the power turbines at al-Mu'allaqa, in the southern Quneitra countryside, during an incursion on July 15, 2026. Farmers said afterward that they could not reach their fields and feared arrest if they tried. (credit: Ahmad Qweidar/The Media Line)

Clashes leave dozens dead and wounded

During that operation, Israeli forces sought men the military identified as members of Jamaa al-Islamiyya, a Sunni Islamist organization. Syrian state media said 13 Syrians were killed after gunfire erupted. The Israeli military reported that six of its soldiers were wounded.

Syrian security sources have described the Hamadas as former affiliates of the Fourth Division, which was commanded by Maher Assad, the younger brother of ousted Syrian President Bashar Assad.

The August 22 strike followed two reported village raids in three days. Shortly after midnight on August 19, about 100 Israeli soldiers entered Jubata al-Khashab in Quneitra province and searched the homes of three brothers, according to residents interviewed by The Media Line.

The force left roughly two hours later with two of the men’s sons. Qutaiba Suliman, 26, was released that morning, while Moath Suliman, approximately 32, remains in custody.

Hassan Ahmed, 42, a farmer in the village, said soldiers arrived in about a dozen vehicles, ransacked the homes and beat one of the detainees. He also alleged that Israeli forces had confiscated approximately 150 mobile phones from residents without returning them. The Media Line could not independently verify those allegations.

“I cannot access my land because the Israeli army had previously bulldozed it completely,” Ahmed said.

The Syrian Arab News Agency (SANA) reported that the detainees were taken to an Israeli position outside the village. The Israeli military did not respond to questions from The Media Line about the raid, the detainees, or construction in the area.

Syrian state broadcaster Alikhbaria reported that an Israeli shell and flares started a fire in fields south of Jubata al-Khashab on August 20. The fire reportedly burned between the ceasefire line and Sofa 53, the local name for a military road Israel has been building through Quneitra since 2022 alongside a berm and trench.

The military operations are unfolding alongside renewed efforts to revive stalled diplomacy. The governments of Prime Minister Benjamin Netanyahu and Syrian President Ahmed al-Sharaa have been engaged in US-mediated talks intended to establish new security arrangements, but neither side has announced an agreement.

Axios reported that Syrian Foreign Minister Asaad al-Shaibani and Mossad Director Roman Gofman met on August 23 following Israel’s August 18 attack on the Abu al-Duhur airbase, which, according to Syrian state media, damaged the runway and storage facilities. Axios cited three sources with knowledge of the meeting, two of whom said it took place in Jordan.

Syria later confirmed that a delegation led by al-Shaibani, including the heads of General Intelligence and Military Intelligence, had met a high-level Israeli delegation in Jordan under US mediation. SANA said the talks addressed ways to halt Israeli attacks, arrests and targeted operations and revive negotiations over a security agreement. The Israeli Prime Minister’s Office declined to comment, and Israel has not officially confirmed Gofman’s participation.

Al-Shaibani told Reuters on August 23 that negotiations, which stalled during the recent Iran war, could resume soon under US pressure. He said the sides had previously agreed on central elements of a possible arrangement, including demilitarized zones with a United Nations presence, but accused Israel of lacking the political will to carry it out.

Damascus is seeking an Israeli withdrawal from Syrian territory and an end to Israeli attacks as confidence-building measures. Israel says any agreement must prevent hostile armed groups and foreign forces from establishing positions near its border.

The Israeli Prime Minister’s Office said Syria had been close to violating a security understanding by permitting Turkish troops to deploy at the base. Netanyahu said Israel had warned both Damascus and Ankara against such a deployment.

Al-Shaibani acknowledged that Turkish officers had visited the base as part of military training and cooperation, but denied that Damascus planned to establish a permanent Turkish base or station Turkish troops there. Turkey’s Defense Ministry separately denied that a Turkish military delegation had visited the site before or during the Israeli attack.

US special envoy for Syria Tom Barrack called the strike an “unnecessary escalation.” Washington is working to create a deconfliction and information-sharing mechanism among Israel, Syria and Turkey to reduce the danger of an accidental confrontation.

Ahmad Al-Kinani, a political and security analyst in Damascus, said the raids demonstrated that Israel was exercising direct control in the south rather than relying on the proposed US-backed mechanism.

“Israel is now exercising direct security control over the southern region, carrying out direct assassinations and field executions without any coordination or reference to the joint contact point,” he said.

“Israel is operating according to a security agenda tailored specifically to the south, targeting anyone suspected of being prepared to execute military activities against it,” Al-Kinani added.

His description of “field executions” could not be independently substantiated. The Israeli military says its operations in southern Syria are intended to stop immediate threats, locate weapons and prevent armed groups from establishing themselves in the region. In an August 24, 2025, statement, the military said its forces had arrested suspects, found weapons and acted “to thwart attempts of terrorists to establish themselves in the region, in order to ensure the safety of Israeli civilians.”

Abdullah Hamad, a Syrian security analyst, said the incursions could give Israel leverage in negotiations while complicating Damascus’ attempt to strengthen relations with Arab governments and major powers.

Netanyahu has said any agreement would require the demilitarization of Syrian territory from Damascus south to the existing buffer area, including the approaches to Mount Hermon. Such a zone could extend approximately 30 miles and reach close to the Syrian capital, substantially farther east than the area of separation established in 1974.

Israel says its forces must remain in southern Syria to prevent armed groups from approaching its border and describes their presence as a forward defense for Israeli communities.

Netanyahu ordered Israeli troops into the buffer zone on December 8, 2024, saying the 1974 disengagement agreement had collapsed after Syrian forces abandoned their positions during the fall of Assad’s government.

That agreement established a demilitarized area of separation between Israeli and Syrian forces, monitored by the United Nations Disengagement Observer Force (UNDOF), along with adjoining areas where military deployments are restricted. Israel has established positions inside and beyond that area since Assad’s fall.

Israel captured the Golan Heights from Syria in 1967 and applied Israeli law there in 1981, a step widely treated internationally as annexation. Most countries do not recognize Israeli sovereignty over the territory, although the US did so in 2019.

Residents say Israeli engineering work is changing how they move through the region. Crews reopened an old track north of Wadi al-Raqad on July 22 and extended it toward al-Qulla, a former observation post opposite Ma’ariya, according to residents. The track was resurfaced on August 3 and now reaches the watercourse.

Residents believe the military plans to connect it with roads on the other side, but Israeli authorities have not announced their intentions for the site.

Villagers also said bulldozers destroyed another road on August 8, severing al-Samdaniyah al-Gharbiyah’s route to Khan Arnabeh.

Peacekeepers document construction, pass observations to UN

A Syrian liaison who works with UNDOF and whose name is being withheld for safety reasons told The Media Line that peacekeepers had documented the construction and passed their observations through mission headquarters to the UN in New York.

The liaison also said UNDOF had recorded detentions in Abidin and Jubata al-Khashab and sought the detainees’ release. Israeli authorities largely rejected a request to put detainees in contact with their families, he said.

The liaison spoke in a personal capacity. UNDOF did not respond to The Media Line’s request for official confirmation.

The contest over roads has become a contest over movement. Residents in the Yarmouk Basin blocked routes with stones after Israeli vehicles entered Abidin in late June. SANA reported that Israeli artillery and helicopters fired toward the area after the vehicles withdrew.

Families fled temporarily and returned within days, according to Muwaffaq Mahmoud, who heads the Abidin and Ma’ariya municipality. Anadolu Agency later reported that the Israeli military dropped leaflets telling residents to stop blocking the roads.

Ismail al-Hassan, a 60-year-old farmer in Abidin, said UNDOF representatives met village elders and the mukhtar around August 1. He said the representatives asked residents to remove the stones and promised to help reduce friction with Israeli troops.

The number of incursions initially declined, al-Hassan said. At dawn on August 17, approximately 100 Israeli soldiers in 12 vehicles entered Abidin and detained four men, according to his account. He alleged that troops also uprooted olive trees.

Two stonecutters were later released. Kamal Youssef al-Qasim, 41, a member of the Syrian Defense Ministry’s 40th Division, and motorcycle mechanic Ruslan Adel al-Hassan, 40, remained in custody.

Al-Hassan said al-Qasim was detained at home and denied that armed men were operating in the village. The 1974 agreement prohibits Syrian military forces inside the area of separation.

Sijil, a Syrian organization that documents Israeli activity and shares information with government bodies, counted 65 incursions into Quneitra during July and another 52 in the first 18 days of August. Manager Hamza Ghadban told The Media Line that the organization had documented 147 detentions since January 1, with 49 people still held.

The Media Line could not independently confirm those figures.

SANA reported that Israeli forces detained another Syrian near al-Rafid on August 23. The Israeli military did not immediately issue a public response to that account, which The Media Line could not independently verify.

Restrictions on movement have also affected medical treatment and farming. Quneitra Health Director Omar al-Ahmad dispatched mobile clinics to al-Hamidiyah and al-Samdaniyah al-Gharbiyah in May, saying Israeli restrictions had made the villages difficult to reach. UNDOF announced a mechanism with the Syrian Arab Red Crescent in July to facilitate mobile medical services.

Israeli forces operate a prefabricated medical point at Hader, a Druze village near Mount Hermon. Ahmed said it primarily serves Hader residents, while people from neighboring Sunni villages tend to avoid it because of Israeli patrols and strained relations with the Druze community.

Friend Ships, a Christian relief organization based in Lake Charles, Louisiana, operates another clinic behind the mosque in al-Hamidiyah. Its website says a doctor and three nurses treat 25 to 30 patients daily and provide medicine without charge. The group also operates a clothing tent and children’s playground with support from Israeli organizations.

Residents said foreign staff reach the clinic through the Israeli barrier. Hassan Ahmed, the Jubata al-Khashab farmer, said he received treatment and free medicine there last year.

For farmers working near Israeli positions, access increasingly depends on temporary UN identification cards intended to prevent confrontations with patrols.

Khaled Abdul Rahman al-Hassan, who has farmed outside al-Rafid for 15 years, said Israeli troops had previously interrogated and beaten him and fired nearby during planting and harvesting seasons. This spring, he received a card bearing UNDOF’s name through the village mukhtar.

When an Israeli patrol later stopped him, a soldier requested proof of ownership, checked the card against military records and returned it, al-Hassan said.

“They simply told me not to stay out past sunset, and the patrol left right away,” he said.

The card permits him to work between 6 a.m. and 5 p.m. through the end of the harvest. The Syrian liaison said approximately 20 to 25 farmers hold similar documents and are permitted to work only on their own land.

Israeli security researchers argue that the raids are intended to prevent Hezbollah, Iran-linked networks and Sunni armed groups from establishing infrastructure near the border. The Alma Research and Education Center has published research alleging that Hezbollah and Iran’s Islamic Revolutionary Guard Corps recruited among Shiite families in Quneitra.

Alma founder Lt.-Col. (res.) Sarit Zehavi told The Media Line that Israeli forces carry out arrests and weapons seizures against Sunni and Shiite groups because Damascus has not made dismantling such networks a sufficient priority.

The Israeli military has previously announced several arrests and weapons seizures in southern Syria, including the detention of an alleged Iran-operated cell in July 2025 and operations involving suspected weapons traffickers the following month. It did not tell The Media Line what, if anything, its forces had found during the latest raids described by residents.

Syrian authorities announced an operation against a Quneitra cell allegedly linked to Hezbollah in April and another against an Islamic State cell in Khan Arnabeh in August. Six of the nine suspects arrested in the latter operation were released days later.

“It is choosing between a bad option and a bad option,” Zehavi said. “The alternative is not to be there and taking the chance that terrorist attacks will happen and will be executed against our communities on the Israeli side of the border.”

Zehavi said Israel could consider withdrawing if it regarded the government in Damascus as both sovereign and nonhostile – conditions she believes have not yet been met.

Nir Boms, chair of the Syria Research Forum at Tel Aviv University’s Moshe Dayan Center, said Israel should make greater use of diplomacy.

“I would rather see an attempt to create a security mechanism with the Syrians, and some more de-escalation – because all of this kinetics in the north and in the south further alienates elements in Syria that then go directly against us,” Boms said.

For villagers, the struggle over borders and security is encountered on roads and farmland.

“I have never seen gunmen in al-Rafid,” said al-Hassan, the farmer carrying one of the temporary UN cards, “other than Israeli army patrols entering the town.”

Wirtschafter reported from Istanbul.

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The Strait of Hormuz has exposed an uncomfortable truth about modern warfare: a military can destroy much of an adversary’s force, achieve overwhelming air superiority and strike thousands of targets, yet still fail to control the geography that gives the adversary strategic leverage.

Since the war with Iran began in late February, the United States and Israel have applied extraordinary military power. According to US government figures, Operation Epic Fury involved more than 10,000 sorties and strikes on more than 13,000 targets, including command-and-control nodes, air defenses, missile forces, drone infrastructure and naval assets. Washington later claimed that roughly 150 Iranian vessels had been destroyed. Even allowing for uncertainty in those assessments, the scale of the kinetic achievement is clear.

Yet by mid-August, months after the opening strikes, one of the war’s most important strategic questions remained unresolved: who actually controls the Strait of Hormuz? Last Friday, only two commercial vessels were observed transiting the strait during the day, compared with more than 130 a day before the war. Commercial vessels were still being attacked, and the United States remained compelled to maintain substantial naval and air power in the area. Airpower did not fail; it largely did what it was designed to do. The problem was that what remained after the strikes was a different kind of military problem.

Hormuz connects the Persian Gulf to the Gulf of Oman and the Indian Ocean. At its narrowest point, it is roughly 21 miles, or 34 kilometers, wide, but the effective maneuver space for large commercial vessels is much smaller: two shipping lanes approximately two miles wide. Before the war, roughly 20 million barrels of oil passed through the strait every day, alongside a major share of global LNG trade. Yet its military importance comes from its geometry. Iran controls the northern coastline, while Bandar Abbas, Qeshm, Larak, Hormuz Island and the Tunbs form a network of observation points, launch sites, concealed bases and staging areas overlooking a compressed maritime environment. For Tehran, Hormuz is not merely a waterway. It is a geographic weapon system.

An Iranian flag flutters in the wind as ships remain anchored in the Strait of Hormuz on May 16. Negotiations between the US and Iran over opening this critical waterway have largely stalled.  (credit: Majid Saeedi/Getty Images)

Iran spent decades building a force designed to exploit that geography. It never tried to match the United States carrier for carrier or destroyer for destroyer. Instead, it built a system for sea denial. Sea control means being able to use an area while preventing an adversary from using it; sea denial requires much less. It is enough to make an opponent’s use dangerous, expensive and unpredictable. Iran does not need to sink an American aircraft carrier to succeed. It does not even need to physically close Hormuz. It only needs to make tanker owners, insurers and captains ask whether the risk is worth it.

Its force structure follows from that logic: naval mines, fast attack craft, mobile coastal anti-ship missiles, one-way attack drones, surveillance networks, small submarines and unmanned systems operating above, on and beneath the surface. None is decisive alone. The difficulty emerges when all of them exist simultaneously, dispersed across coastline, islands, tunnels and mobile positions. The adversary does not need to be everywhere; it needs to make you believe it could be anywhere.

A single mine not found can affect commercial traffic more than dozens already destroyed. One mobile launcher whose position is unknown can turn large areas of coastline into potential firing zones. This is asymmetric warfare at its most effective: turning inexpensive, distributed and difficult-to-find systems into an enduring problem for a technologically superior force.

Here lies the central paradox of the campaign. The United States and Israel proved they could destroy ships, missile batteries, radars, command centers and production sites at scale. But Hormuz exposed the boundary between destroying military capability and controlling operational space. After the initial campaign, the United States still had to launch a separate effort to restore freedom of navigation. Mine-clearance operations began in April, and in early May Project Freedom was launched to maintain safe passage for commercial shipping. More than 15,000 US service members were reportedly involved, supported by destroyers, helicopters and more than 100 manned and unmanned aircraft providing round-the-clock coverage. Meanwhile, more than 1,500 commercial vessels were waiting inside the Gulf, unable or unwilling to leave.

After one of the region’s most intensive air campaigns, more than 15,000 personnel and hundreds of platforms were still needed to secure passage through a relatively narrow body of water. Not because the United States lacked power, but because the mission had changed. Destruction is episodic. Control is persistent. A strike happens at a moment in time; control must exist every moment.

It is tempting to conclude that the West simply underestimated Iran. That is only partly true. The United States knew about these threats; they had appeared for years in intelligence assessments, war games, and CENTCOM planning. The deeper problem is conceptual: Western force design remains far better optimized for finding and destroying targets than for persistently understanding and controlling complex terrain. Modern militaries excel at the kill chain – detect, classify, decide, strike. Hormuz requires something broader: sense, understand, predict, persist, act, verify and repeat, thousands of times, every hour, for weeks or months.

Iran’s objective was never necessarily to survive as a conventional navy. It was to survive as a network. Networks regenerate, relocate and hide. A launcher on an island can be destroyed, but another can appear tomorrow. A shipping lane can be cleared of mines, but new mines can be laid at night. The question therefore eventually becomes not only how to destroy another launcher, but who controls the terrain that allows it to return. The United States has understandably avoided seizing strategic islands or parts of the Iranian coast because such operations carry major risks and escalation. But the cost of occupying terrain does not make the military problem created by that terrain disappear.

Geography still matters.

The answer is not a return to mass armies. Hormuz points toward a different force architecture. In environments that demand continuous presence across dangerous and contested spaces, humans should no longer perform every surveillance, patrol, detection and response mission. The persistent layer of the battlefield should increasingly be held by distributed networks of unmanned systems in the air, on the surface, underwater and on land.

But adding unmanned platforms is not enough. Hundreds of drones streaming more video into a command center merely move the bottleneck from the battlefield to the operator. The real challenge is to build systems capable of understanding the terrain they observe: connecting sensors, identifying abnormal behavior, detecting change, distinguishing civilian activity from emerging threats, reacquiring mobile launchers and operating when communications are degraded or denied.

This is the difference between automation, autonomy and cognition. In such an architecture, unmanned systems should increasingly own persistence – the continuous, dangerous and exhausting layer of military operations. Humans should be preserved for missions where human presence remains indispensable: strategic decisions, judgment under ambiguity, interaction with populations, seizure of critical infrastructure and, when necessary, physical control of terrain. Machines should own the persistence; humans should own the consequence.

Hormuz is an almost perfect laboratory for this model. A cognitive unmanned network could persistently monitor islands, coastlines, shipping lanes and the subsurface domain, detect and isolate threats as they emerge, and create the operational envelope within which manned forces enter only when a mission requires physical seizure or control of a critical point. Large-scale autonomy and manned ground forces are not alternatives. They are complementary: the first creates persistence; the second creates physical control.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. (credit:  REUTERS/Mohammed Aty)

The lesson of Hormuz is not that airpower failed. It is that airpower can succeed spectacularly and the strategic problem can still survive. Iran demonstrated how a conventionally weaker state can combine geography, inexpensive systems, and persistent uncertainty to generate global leverage. Future campaigns will therefore require militaries to move beyond a force architecture optimized mainly to destroy faster and toward one capable of understanding and holding continuously.

A military can destroy a navy, strike thousands of targets, and achieve overwhelming superiority in the air. But after the smoke clears, the most important strategic question may still be remarkably simple: who holds the ground? Hormuz is not an exception to the wars of the future. It may be their preview.

Ryan Gity authored Israel’s National Artificial Intelligence Strategy and served as a member of the team appointed by the Prime Minister to formulate Israel’s new defense force-building concept and future IDF budget framework. He is the CEO of G2, a deep-tech AI company focused on cognitive systems and physical AI.

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Lebanese security officials believe that the extensive Israeli strikes in southern Lebanon in recent days are not merely localized operations but are intended to lay the groundwork for a broader military campaign, Asharq al-Awsat reported on Monday.

According to the report, the IDF has focused its strikes on strategic ridgelines overlooking villages and towns in the area, as well as on a transportation route leading deeper into Lebanese territory. The reported aim is to isolate key areas and prevent the movement of personnel between them.

Sources in Beirut said that strikes on homes, infrastructure, and roads in these areas were intended to create a buffer zone and separate Hezbollah strongholds from their surroundings, as part of preparations for the possibility that the fighting could expand.

Alongside reports about Israeli activity on the ground, Lebanese news outlet Elnashra reported growing concern in Beirut over the possibility of a significant security escalation.

According to an analysis published by the outlet, Lebanese officials believe the military developments are also being influenced by Israel’s approaching election campaign. In their assessment, Prime Minister Benjamin Netanyahu could adopt a tougher stance and use more forceful military measures to demonstrate security achievements to the Israeli public.

Israeli Prime Minister Benjamin Netanyahu holds a press conferene at the Prime Minister's office in Jerursalem, June 15, 2026 (credit: OLIVIER FITOUSSI/POOL)

Israel politics focused on external threats, including Iran, Hezbollah, Turkey

Lebanese reports said the political campaign in Israel is focusing heavily on highlighting external threats from Iran, Hezbollah, and Turkey. Lebanese commentators argue that this reduces Israel’s willingness to reach compromises.

Political and security officials in Beirut believe this approach is also reflected in Israel taking a harder line in diplomatic contacts and applying increasing military pressure to improve its negotiating position.

At the same time, Lebanese reports point to a continuing stalemate in negotiating channels between the two countries. Lebanese sources claim that Israel is in no hurry to achieve a diplomatic breakthrough and instead prefers to maintain military pressure.

US involvement in the talks, meanwhile, is focused primarily on preventing a complete collapse of communication channels and trying to stop the situation from deteriorating into a full-scale confrontation, according to the Lebanese reports.

The assessments from Beirut therefore link developments along the Israel-Lebanon front with the diplomatic impasse, arguing that the strikes are part of a broader effort to reshape conditions on the ground while maintaining pressure in negotiations. Lebanese officials and commentators cited in the reports have expressed concern that the combination of military activity, hardened negotiating positions, and domestic political considerations in Israel could increase the risk of further escalation.

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The new head of Iran’s top security body warned Sunday that Tehran will see any country’s support for new U.S. economic measures against the Islamic Republic as an “act of war,” while Iran’s president defended a memorandum of understanding with the United States as the best way out of the stalled conflict.

Treasury Secretary Scott Bessent on Monday is expected to announce the new measures after the U.S. vowed to impose an “unprecedented” level of economic warfare and isolation on a country that has lived for decades under sanctions. Also Monday, Pakistan’s army chief is expected to visit Iran as mediators try to revive talks.

Meanwhile, attacks calmed on the Strait of Hormuz but posturing did not, as a recently created Iranian authority listed dozens of vessels it said will face restrictions on future transits.

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

Iran’s security chief sharpens warning to neighbors

The hard-line leader of Iran’s Supreme National Security Council, Mohsen Rezaei, issued his latest warning on X, with the comments quickly shared by Iranian state media.

It came a day after Rezaei’s most extensive public comments since being named to the post this month.

“If (Trump) wants to do something, we will retaliate in a seismic manner,” he had told the state broadcaster in an interview that aired late Saturday. He said Iran would target other oil-shipping routes from the Persian Gulf — alternatives to the Strait of Hormuz.

Rezaei, a former Revolutionary Guard commander and military adviser to Supreme Leader Ayatollah Mojtaba Khamenei, was part of senior appointments widely seen as hardening Tehran’s political and military stance.

Iranian president wants to move past ‘neither war nor peace’

Iranian President Masoud Pezeshkian earlier Sunday said the memorandum of understanding signed in mid-June was the best way to move beyond a situation of “neither war nor peace,” adding that Tehran can’t attract investment nearly six months after the war began.

“There is not a single provision in this agreement that amounts to capitulation,” Pezeshkian said in a speech published by state-run IRNA. “The supreme leader sets the policies, and we will follow that path.”

The interim deal opened a 60-day period for talks aimed at ending the war and reaching an accord on Iran’s nuclear program. That period ended last week with no signs of compromise or extension.

No attacks confirmed on the strait, but new restrictions

There were no confirmed attacks in the Strait of Hormuz over the past 48 hours, a multinational coalition overseen by the U.S. Navy said Sunday, with shipping traffic still at reduced levels. The U.S. military said its blockade of Iranian ports had redirected 70 commercial ships and disabled three as of Sunday.

Iran’s recently created Persian Gulf Strait Authority, sanctioned by the U.S., published a list of dozens of ships it said had violated arrangements for transiting the strait and would face future restrictions like fines or seizures. The strait had been considered an international waterway before the U.S. and Israel attacked Iran on Feb. 28.

Iran and Oman, on the strait’s other side, are now discussing management of it, which likely will include ships paying fees.

Pakistan’s army chief will visit Tehran

Pakistani Field Marshal Asim Munir will lead a delegation to Tehran on Monday, Iranian state television reported, citing Iran’s Foreign Ministry spokesperson, Esmail Baghaei.

Two regional officials said the visit was part of Islamabad’s efforts to de-escalate tensions between the United States and Iran and urge them to return to the negotiating table. The officials spoke on condition of anonymity because they were not authorized to discuss the matter publicly.

— By Munir Ahmed in Islamabad

Iran executes man arrested during January protests

The Iranian judiciary’s Mizan news agency reported the latest execution connected to nationwide protests early this year, saying Majid Adineh was arrested Jan. 9 in Mohammadshahr, west of Tehran.

The judiciary said forensic examinations indicated the handgun found on him had been fired on Jan. 8 and 9. Mizan said Adineh had joined the unrest following calls by groups opposed to Iran’s government and alleged that he had received training from groups outside the country. He was convicted under Iran’s law imposing harsher penalties for espionage and cooperation with hostile states.

Israeli settler arrested in beating of Palestinian amputee

Police arrested a 16-year-old boy from the Israeli settlement of Avigayil in the beating of a 61-year-old Palestinian, Saeed Muhammad Ibrahim Rabah, outside his home in the occupied West Bank, a year after he lost a leg after being shot by a settler.

Rabah told The Associated Press that the violence at his home in Khirbet al-Rakeez on Saturday was an effort to make families leave, but “we will remain, no matter what happens.”

Separately, the West Bank Health Ministry said a 14-year-old in the Askar refugee camp in Nablus was shot dead by Israeli forces, who did not immediately comment. The uncle of Islam Maher Ajouri, Nehad Ajouri, called the shooting indiscriminate.

And Israel’s military said it detained a suspect in a stabbing attack that wounded a 24-year-old Israeli man in the area of al-Auja in the West Bank. Israel’s emergency services said the man was in moderate condition.

Airstrike in Gaza kills a 4-year-old child

Four-year-old Mohammed Taha died after an Israeli airstrike hit a central Gaza house on Sunday and wounded at least five others, according to the Al-Aqsa Martyrs Hospital, which received the casualties.

Israel’s military later said it struck and killed a Hamas commander in central Gaza. The hospital confirmed that the man named, Ismail Abu Ful, was killed.

An Israeli strike in southern Gaza wounded at least seven people, including three children, according to health officials at Nasser Hospital. The military did not immediately comment.

And Defense Minister Israel Katz in a statement said he instructed the military to “act immediately and forcefully” to prevent launches of balloons, kites or drones from Gaza toward nearby Israeli communities.

Before the Oct. 7, 2023, attack by Hamas-led militants on Israel — when 1,200 people were killed and 251 taken hostage — burning kites and balloons were sent from Gaza into southern Israel, causing fires and other damage.

Hamas in a statement Sunday accused Israel of “using children’s toys as a pretext” for attacks and further displacement of Gaza residents.

This story was originally featured on Fortune.com

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A coalition representing immigrant-owned grocers is targeting New York City in a lawsuit over democratic socialist Mayor Zohran Mamdani’s plans to open multiple government-owned grocery stores in the Big Apple, a government intervention that is expected to cut into the profits of regular markets.

The lawsuit was expected to be filed Monday at 8 a.m. ET, following efforts to resolve the solution out of court.

“Although we have not heard from you since May 2026, we are open to resolving this matter amicably with more sensible solutions to feed working class people with nutritious essential food items at affordable prices,” the group’s president Kenneth Roldan declared in a letter to City Hall, according to a New York Post report last week.

NYC TAXPAYERS COULD PAY TWICE UNDER MAMDANI’S CITY-OWNED GROCERY STORE PLAN

“We are asking the mayor to avoid litigation to sit down with us,” legal counsel for the coalition, Mark Jaffe, the president of the Greater New York Chamber of Commerce, told the outlet. “But we have to try to stop this if they won’t listen to us.”

Duvi Honig, Founder & CEO, Orthodox Jewish Chamber of Commerce; Co-Founder & Secretary, Multicultural Business Coalition said “Government should be focused on helping small businesses succeed, not using taxpayer dollars to compete against them. At the same time, if City Hall wants to spend $70 million, it needs a serious business plan that protects taxpayers and shows how every dollar will be used to help people as effectively as possible.”

The first of five planned government-linked grocery stores is expected to open next year, the mayor’s office announced earlier this year.

MAMDANI’S LUXURY-HOME TAX GETS NEW LIFE AS APPEALS COURT LIFTS ROADBLOCK IN HOMEOWNER FIGHT

“Under the model, the City will own the land and cover overhead costs like rent and construction. A private operator, selected through a request for proposals, will manage daily operations and be contractually required to pass savings directly to customers on a core basket of everyday staples,” an April news release stated.

Mamdani has claimed that prices for a core basket of grocery items will be priced 30% lower than normal retail prices at the government-affiliated stores.

BILL ACKMAN SOUNDS ALARM ON MAMDANI’S ECONOMIC AGENDA: ‘SOCIALISM IS A DISASTER’

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“This core set of goods will include all fresh produce, meat and seafood along with 20 other essential items like cheese, milk and bread. Here’s how it will work: Once a month, our five city-run grocery stores will set prices for this core set of goods at 30% below typical retail prices,” he said last month.

FOX Business’ Madison Alsworth contributed to this report.

This post was originally published here. 

The federal government keeps what amounts to its primary checking account at the Federal Reserve, using it to collect taxes, receive borrowed money and pay the nation’s bills. That account currently holds roughly $950 billion—and Treasury officials say some of that enormous cash reserve could potentially be used to expand purchases of long-term government bonds.

Two senior Treasury officials said Monday that the Treasury General Account, commonly known as the TGA, could help finance larger bond buybacks. They did not say how much money could be deployed or when a decision might be announced, leaving markets to calculate how aggressively Treasury Secretary Scott Bessent may be prepared to intervene.

That uncertainty is the heart of the story.

Last week, the Treasury surprised markets by announcing that it would at least double the maximum size of certain buybacks of older long-term bonds, increasing them from $2 billion to at least $4 billion per operation. The purchases will target securities with maturities ranging from 10 to 30 years beginning Sept. 9.

Bond buybacks allow the government to repurchase older Treasury securities that may be more difficult to trade. That can improve market liquidity, support bond prices and place downward pressure on yields—the interest rates the government must effectively offer investors to hold its debt.

The unanswered question was how Treasury would finance a significantly larger program.

Ordinarily, Treasury buybacks do not eliminate government borrowing. The department typically issues new securities and uses the proceeds to retire older ones, effectively changing the mix and maturity of the national debt rather than reducing it.

Many investors therefore assumed Treasury would finance expanded purchases by issuing additional short-term bills—borrowing at the short end of the market to buy back debt at the long end. That strategy has been compared with the Federal Reserve’s former “Operation Twist,” which was designed to influence long-term interest rates without dramatically expanding the central bank’s overall balance sheet.

Using existing Treasury cash would change the immediate calculation.

Treasury could initially fund purchases without issuing an equivalent amount of new debt at the same time, giving Bessent considerably more flexibility than the announced $4 billion-per-operation limit appeared to provide.

But the entire $950 billion is not unrestricted money waiting to be invested. The account also serves as the government’s operating reserve, covering Social Security, Medicare, military spending, federal salaries, debt payments and countless other daily obligations.

Treasury has also projected that its cash balance could rise above $1 trillion later this year because of unusually large expected outflows. Any money used for bond purchases may eventually have to be replenished through future tax receipts or borrowing.

Still, the size of the account gives the government substantial short-term firepower.

Treasury had previously operated with cash-balance targets closer to $550 billion to $600 billion. Its current projections assume a balance of approximately $950 billion at the end of September, followed by $850 billion at the end of December. Officials have said the balance could temporarily peak near $1.05 trillion in late October.

Markets reacted immediately to the possibility that some of that cash could support the bond market. Treasury yields moved lower Monday morning, with the 10-year yield retreating from around 4.70% to approximately 4.64%. The 30-year yield also pulled back after recently climbing above 5.30%.

The reaction reflected renewed confidence that Treasury may be prepared to purchase more than the market initially expected.

The previously announced $4 billion operations are small compared with a Treasury market exceeding $32 trillion. Treasury had earlier projected up to $38 billion in long-term liquidity-support buybacks during the quarter—a meaningful amount for individual parts of the market, but not enough by itself to transform the government’s borrowing outlook.

A cash reserve approaching $1 trillion creates the possibility of a much larger intervention, even if Treasury uses only a fraction of it.

For households and businesses, the consequences extend well beyond Wall Street.

The 10-year Treasury yield is a critical benchmark for mortgage rates, corporate borrowing and other forms of credit. When long-term government yields rise, lenders generally demand higher rates from homebuyers, companies and consumers. When those yields fall, borrowing conditions can gradually ease.

The average 30-year fixed mortgage rate has been running near 6.7%, placing additional pressure on a housing market already strained by high prices and limited affordability. Businesses are also facing more expensive credit lines, equipment financing and construction loans.

That makes Bessent’s effort relevant to anyone trying to purchase a home, refinance debt, expand a company or finance a major investment.

The strategy is not without controversy.

Critics argue that Treasury is moving beyond routine debt management and attempting to influence long-term interest rates—traditionally the territory of the Federal Reserve. Lowering long-term yields could also loosen financial conditions while Federal Reserve Chairman Kevin Warsh is working to control inflation.

Treasury officials reject the suggestion that the department has abandoned its commitment to regular and predictable debt management. They say the expanded buybacks are intended to improve liquidity in older, less frequently traded securities—not to establish a permanent government program for controlling interest rates.

The distinction will become increasingly difficult to maintain if the purchases grow substantially.

With the national debt now above $40 trillion and annual federal interest costs approaching historic levels, rising bond yields have become more than a market problem. They directly increase the cost of financing the government and can consume money that would otherwise support federal programs, national defense or tax relief.

The question is no longer whether Bessent is willing to intervene in the Treasury market. He already has.

The question now is how much of the government’s enormous cash reserve he is prepared to put behind that intervention—and whether temporary support for bond prices can provide lasting relief from the deeper fiscal pressures driving yields higher.

JBizNews Desk | Wall Street

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Good morning!

For decades, employers have controlled when workers get paid—and employees have largely accepted biweekly or monthly paychecks as a fact of working life. But now, a younger workforce is questioning the rationale.

The quiet justification for many employers has been concern over that workers might not manage their money responsibly if given faster access to it, said Andrew Brandman, COO of DailyPay, a tech company that gives employees access to their earned pay before payday. But in an economy built around immediacy, employers may be concerned with the wrong thing.

The rise of the gig economy has reset expectations around pay, with workers like Uber drivers able to access their earnings as soon as a job is completed rather than waiting until the end of a shift, Brandman said. “I hear this from employers all the time: they’re competing for a workforce now that’s looking for instant,” he said.

Currently, only 3% of employers offer this type of instant paycheck access, known as earned wage access, according to the International Foundation of Employee Benefit Plans. 

But worker demand is already substantial. Roughly 10 million workers tapped some form of early wage access in 2022, moving nearly $32 billion, according to a 2024 Consumer Financial Protection Bureau study. Three million of them bypassed their employers entirely and used  consumer apps, though nearly all workers paid a fee for expedited access to their funds, the CFPB found. (Most employer-partnered earned wage providers offer both free and fee-based options for employees to receive wages).

It’s not just hourly workers demanding this benefit. Brandman says he’s seen an increase in higher-wage workers using his platform. “There’s this misnomer that if you’re salaried, you must not be living paycheck to paycheck,” he said.

The solution? More communication. Firstly, HR leaders should strive to talk to their employees about the benefits they need and understand the rationale behind it, Brandman said. But more importantly, they should be talking to their fellow CHROs or CPOs about pay and why it’s been a workplace category that hasn’t changed in decades.

“What we see is when employees feel like they’re covered, that the employer’s got their back, they feel a different connection,” Brandman said. “Suddenly you get a workforce that’s way more engaged.”

Kristin Stoller
Editorial Director, Fortune Live Media
kristin.stoller@fortune.com

This story was originally featured on Fortune.com

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The Food and Drug Administration has again paused trials for Regenxbio’s gene therapy for a rare childhood brain disorder, after small masses were found on the spines of five patients, the company said Monday.

Regenxbio said the patients, who have mucopolysaccharidosis (MPS) type II or Hunter syndrome, did not have any symptoms related to the masses.

The announcement comes seven months after Regenxbio announced that one boy who received a very similar therapy the company developed for MPS type I developed a brain tumor. It was the first tumor to be conclusively linked to AAV gene therapy, the form of gene therapy most commonly used over the past 20 years.

Continue to STAT+ to read the full story…

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The Trump administration is preparing to launch what Treasury Secretary Scott Bessent called an “economic D-Day” against Iran, escalating pressure not only on Tehran but also on foreign governments, financial institutions and businesses that continue providing the country with economic lifelines.

The campaign could raise the stakes for companies and countries with financial, shipping and energy ties to Iran, as Tehran threatens to treat participation in the U.S. pressure campaign as an “act of war” and potentially disrupt oil exports across the Persian Gulf.

“At dawn begins an economic D-Day — the single greatest financial offensive ever marshalled against an adversary,” Bessent wrote in a Financial Times op-ed published Sunday ahead of planned remarks Monday.

Bessent said the administration intends to target the remaining commercial and financial links sustaining Iran, including countries and entities involved in purchasing and transporting Iranian petroleum, moving money through exchange houses and free-trade zones, maintaining ship registries and facilitating other financial activity.

US WARNS OF ACTIVE CYBER THREAT TARGETING CRITICAL INFRASTRUCTURE

“Any nation that serves as a financial artery of a withering regime should expect to share in its isolation,” Bessent wrote.

President Donald Trump has separately described the campaign as the “MOST CRUSHING ECONOMIC OPERATION EVER TAKEN AGAINST ANY COUNTRY,” warning that countries allowing their banks, businesses, airports or government entities to provide Iran with an economic “lifeline” could face U.S. economic consequences.

A POWERFUL COUNTRY ON THE OTHER SIDE OF THE WORLD IS QUIETLY SHAPING TRUMP’S LATEST TRADE FIGHT

Trump specifically cited oil smuggling, swap lines, cash transfers, exchange houses, ship registries and front companies among the activities Washington is targeting.

Iran, meanwhile, is seeking to raise the potential cost for countries that align with Washington’s campaign.

Mohsen Rezaei, secretary of Iran’s Supreme National Security Council, warned Sunday that Tehran could move against oil exports from the region if the pressure continues.

“If the economic war continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from anywhere in the Persian Gulf,” Rezaei wrote on X. “Iran will regard any country’s participation in or support for America’s economic war against the Iranian people as an act of war.”

The dueling warnings are increasing pressure on governments and companies weighing whether to maintain economic ties with Iran and risk consequences from Washington or distance themselves from Tehran amid threats of Iranian retaliation.

China said Monday that sanctions and pressure would not resolve the dispute and that Beijing would take necessary steps to protect its rights and interests, according to reporting from Reuters. Chinese Foreign Ministry spokesperson Lin Jian also urged the parties to act with restraint.

Pakistan, meanwhile, has continued its efforts to mediate between Washington and Tehran. Pakistani army chief Asim Munir arrived in Tehran Monday for talks that Pakistan’s military said were part of efforts to promote regional peace and stability.

Bessent has not yet publicly detailed the full legal and financial measures that will make up the new campaign. His op-ed said the administration is prepared to use “every agency, every authority” to isolate Iran economically.

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FOX Business has reached out to the Treasury Department for additional details on the scope of the planned measures. Bessent is expected to provide additional details on the administration’s Iran strategy later Monday.

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David Cote has already had one career most executives would envy. As CEO of Fortune 500 industrial giant Honeywell, he spent 15 years engineering a revival that delivered shareholder returns 150% greater than the S&P 500. 

Now, after coming out of retirement, he is executive chairman of Vertiv, an 80-year-old cooling company whose market cap has surged from under $11 billion to $109 billion since going public, writes my colleague Shawn Tully.

His route to the top might look preordained from where he sits today, but it includes the kind of setback that could make an executive question whether they’ll ever be fit for the corner office.

Cote began his 25-year GE career as a night-shift worker at an aircraft engine plant in New Hampshire, eventually rising to run its appliance business. In 1999, then-CEO Jack Welch approached him in the company dining room and told him he wanted him out by year-end. Cote repeatedly asked what he had done wrong. He says Welch never answered.

Three years later, Cote was CEO of Honeywell. One of corporate America’s most celebrated CEOs had effectively told him he had no future at GE. Another major industrial company soon handed him its top job.

After 15 years at Honeywell, Cote retired in 2018. Retirement did not stick. Convinced he had another chapter in him, he teamed up with Goldman Sachs to hunt for a company to acquire. They considered more than 1,000 companies before choosing Vertiv, a struggling cooling business that was entirely new to Cote.

The choice proved prescient, but the payoff was anything but immediate. Cote saw digital data growing much faster than the data centers needed to support it and positioned Vertiv in the middle of that expansion.

Then the bet faltered. COVID hit three weeks after Vertiv’s NYSE debut, and a later surge in orders exposed that the company was underpricing its equipment by 20% to 30%. Profits cratered, and by early 2023 the stock had fallen roughly 55% from its previous high.

Cote became heavily involved in day-to-day management, and the board installed a new CEO. As Vertiv repaired its operations, it kept investing in direct-to-chip liquid cooling and acquired cooling startup CoolTera in late 2023. It ramped up production as demand from AI data centers took off.

There is an irony in Cote’s trajectory. Welch’s decision to push him out of GE looked like a judgment on his prospects. Vertiv’s early struggles threatened to derail his second act. In both cases, what looked like a defining setback proved temporary.

The same can be true when a career, company, or idea hits a wall. A bad outcome can tell you that something needs to change without telling you how high the person behind it can ultimately climb.

Read the full piece here.

Ruth Umoh
ruth.umoh@fortune.com

This story was originally featured on Fortune.com

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The petitioners behind the High Court’s freeze on disputed government funding have now asked the court to release a series of urgent transfers for local authorities and communities in the North and South, while keeping coalition and sectoral funding blocked.

The request, filed by Hiddush and Democrats MK Naama Lazimi, marks the latest turn in a dispute over hundreds of millions of shekels approved by the Knesset Finance Committee during the election recess.

The Knesset pushed back on Monday, arguing that the petitioners’ own willingness to distinguish between urgent and other funding undermines their original claim that the August 4 Finance Committee meeting at which the transfers were approved was unlawful. It again asked the court to dismiss the petition and lift the freeze altogether.

Supreme court justice Alex Stein arrives for a hearing on a petition seeking a conditional order that would require Justice Minister Yariv Levin to cooperate with Supreme Court President Yitzhak Amit in appointing office holders, at the Supreme Court in Jerusalem, May 20, 2026. (credit: OREN BEN HAKOON/FLASH90)

Funding of 78 million shekels remains blocked

For now, most of the disputed funding remains blocked.

Civil emergency expenditures were excluded when Justice Alex Stein first froze the transfers on August 5, and on Friday the High Court separately released the full NIS 78 million transfer for the Religious Services Ministry. The remaining Education Ministry and National Missions Ministry transfers remain frozen unless the court decides otherwise.

The petitioners are now asking to narrow that freeze further.

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Israel’s strike on the Abu al-Duhur military airbase in northwestern Syria has pushed an increasingly difficult Israeli-Turkish relationship into one of its most sensitive arenas yet, raising the prospect that Syria could become not only a point of competition between the two regional powers, but also the place where their respective security red lines overlap. 

The Israeli strike on August 18 targeted the airbase in Idlib province amid Israeli concerns that Turkey could expand its military presence there. Turkey and Syria have not publicly confirmed reports that Ankara was preparing the type of deployment described by Israel. 

Israel warned against any expansion of Turkey’s military footprint in southern Syria following an airstrike on the Abu al-Duhur airbase, with Prime Minister Benjamin Netanyahu saying such a move would threaten Israeli security and alter the existing regional balance.

Syrian Foreign Minister Asaad al-Shaibani rejected claims that Turkey intended to establish a military base at Abu al-Duhur, saying the site was being restored for use by the Syrian Air Force.

US Ambassador to Turkey and Special Envoy for Syria and Iraq, Tom Barrack, publicly criticized the attack as an unnecessary escalation and said Washington is working on a deconfliction mechanism involving Israel, Turkey, and Syria. 

US Special Envoy for Syria and Ambassador to Turkey Tom Barrack speaks during a session at Antalya Diplomacy Forum in Antalya, Turkey, April 17, 2026. (credit: REUTERS/UMIT BEKTAS/FILE PHOTO)

Contradiction facing Syria’s future exposed

The episode has exposed a contradiction now shaping Syria’s postwar position. Turkey wants a stable and increasingly functional Syrian state closely tied to Ankara. Israel, meanwhile, wants to ensure that a stronger Syrian central government – and particularly deeper Turkish military involvement – does not restrict its freedom of action over Syrian airspace or create new security threats along its northern front. 

For Syria, the immediate priority appears to be avoiding being turned once again into the battlefield where regional powers settle their disputes. 

Al-Shaibani said on Aug. 23 that Damascus expects security negotiations with Israel to resume soon despite the latest escalation. Syria is seeking an end to Israeli strikes and an Israeli withdrawal from Syrian territory as part of a possible security arrangement, while maintaining its growing defense relationship with Turkey. 

The diplomatic channel therefore remains open even as military friction increases. 

Professor Kobi Michael, a senior researcher at the Institute for National Security Studies (INSS) and the Misgav Institute for National Security and Zionist Strategy, described the situation as already constituting direct friction between Israel and Turkey, although he stressed that neither government appears to want that competition to develop into war. 

“First of all, unfortunately, this is a direct friction or collision between Israel and Turkey. Both sides do not wish to have such direct friction between them, certainly not currently,” Michael told The Media Line. 

From the Israeli perspective, Michael said, the central concern is not simply Turkish political influence in Damascus but the possibility of Turkish military infrastructure eventually restricting Israeli operations in Syrian airspace. 

“Israel cannot accept Turkish military deployment in Syria because Israel must preserve full freedom of action, particularly aerial freedom of movement over Syria. We have not finished with Iran yet,” he said. 

The Iranian dimension is central to Israel’s calculations. Syria has for years served as a corridor through which Israel has conducted operations against Iranian and Iran-linked targets, while Syrian airspace also forms part of the wider geographic route toward Iran. 

Michael argued that this makes the potential installation of Turkish radar or air-defense capabilities particularly sensitive. 

“Once the Turks are able to deploy in Syria, at airbases or elsewhere, they could establish air-defense missiles, radars or other systems that would complicate the situation for the Israeli Air Force,” Michael said. 

“If, for example, Israel had to reach Iran and the Turks tried to intercept an Israeli jet, Israel would attack those batteries – the Turkish batteries. That would be a direct military clash between Israel and Turkey,” he added. 

That remains a hypothetical scenario, and Ankara’s response to the Abu al-Duhur strike has so far remained relatively restrained. 

Barın Kayaoglu, chair and assistant professor of American Studies at the Institute for Area Studies at the Social Sciences University of Ankara, said Turkey has given little indication that it wants to transform the current dispute into an open confrontation. 

Turkey seems uninterested in escalation, shows restraint

“Regarding de-escalation, we’ll see. The Americans, particularly Ambassador Tom Barrack, have said they will work on it. Turkey is clearly not interested in escalating, as can be seen from its toned-down reaction. Whether that also interests Israel, we’ll see,” Kayaoglu told The Media Line. 

That restraint is noteworthy because the Israeli-Turkish dispute is increasingly less about bilateral relations alone and more about the kind of Syrian state that will emerge from the country’s political transition. 

For Ankara, a unified Syrian state offers the possibility of greater border stability, the consolidation of a friendly government in Damascus, and the expansion of Turkish political, economic, and security influence. For Israel, however, the strengthening of Damascus could gradually reduce the permissive military environment Israel has operated in since the fall of the Assad government. 

Kayaoglu argued that this longer-term change is part of what is driving Israeli concern. 

“Netanyahu is using Turkey and President Erdogan as an election tool,” he said. “In the long term, Israelis worry that Turkey will help Syria hold together and that Syria will cease to be a player they can easily bully or simply fly over on the way to Iran.”  

The argument that electoral politics may be influencing Israeli rhetoric has also entered the diplomatic debate. Barrack has suggested that the timing and nature of the Abu al-Duhur strike could have been influenced by Israel’s approaching elections, although Israeli officials have rejected his characterization of the events and defended the strike as based on legitimate security concerns.  

Michael, while taking a sharply different view of Turkey’s intentions, also criticized the way the Israeli government publicly handled the confrontation. 

“I think Israel was wrong when it made this public and began with unnecessary declarations, mainly by the defense minister, fighting with the Turks through tweets and the media,” he said. “I think this is a problem.”  

His wider assessment of Turkish policy, however, is considerably more skeptical than Kayaoglu’s. 

Michael sees Ankara’s expanding role in Syria alongside its activities elsewhere in the region as part of a broader effort to increase Turkish regional power. 

“They have hegemonic aspirations in the broader Middle East, and they see Israel as the main obstacle to the realization of those aspirations,” he said. “They want a weak Israel; they do not want a strong Israel.”  

It is precisely this difference in perception that makes Syria dangerous. 

From Ankara’s perspective, helping Damascus rebuild functioning state institutions and security capabilities is part of the effort to stabilize a neighboring country after years of fragmentation. From the Israeli security perspective presented by Michael, the same process risks creating a Turkish-supported military architecture directly to Israel’s northeast. 

Damascus, meanwhile, is attempting to avoid choosing exclusively between the two sides. 

President Ahmed al-Sharaa has previously said Syria is working toward a security agreement with Israel that could eventually open the way to something broader, while insisting such an arrangement would not mean abandoning Syrian claims to the Golan Heights.  

Michael said those negotiations remain significant but argued that Turkey’s influence inevitably constrains Damascus’ room for maneuver. 

“I think all of them, together with the Americans, are now working on a deconfliction mechanism,” he said. “This is an American interest, an Israeli interest, and mainly a Syrian interest, because all of them have an interest in bringing things down.”  

But he added that deeper Turkish military, political, and economic involvement would make Syria increasingly dependent on Ankara. 

Kayaoglu sees the equation differently. For him, the pressure on Damascus may eventually come not from Turkish involvement but from continued Israeli action inside Syrian territory. 

“Syria’s preference will be to maintain domestic order,” he said. “But if Israel continues making a mockery of Syrian sovereignty, Damascus will be forced to join the Mecca Pact.”  

That possibility introduces another layer into the regional competition. 

Saudi Arabia, Turkey, and Pakistan signed the Mecca Joint Defense Agreement on August 7, establishing a framework under which an armed attack against one member is to be regarded as an attack against all three. The governments have described the agreement as defensive and have stressed that it is not directed against any particular country. 

Michael questioned how far that collective-defense language would translate into actual military commitments. “The importance of this alliance, or this pact, is more symbolic than operational,” he said, pointing to existing regional security crises in which Turkey and Pakistan have not automatically intervened militarily on Saudi Arabia’s behalf. 

“The idea of the alliance was supposed to be something similar to Article 5 of NATO: if one member is attacked, it is considered as though all members were attacked, and they come to defend the attacked member. This is not the situation today, and I doubt it will become the situation in the future,” Michael said. 

Kayaoglu similarly cautioned against reading the agreement as a replacement for Turkey’s existing Western security commitments. 

“Do not take seriously anyone who says Turkey will leave NATO for the Mecca pact,” he said. “It won’t happen unless NATO somehow ceases to exist.”  

The more immediate significance of the pact may therefore be political rather than the creation of an alternative NATO-style military command. It gives Ankara, Riyadh and Islamabad an additional framework for coordinating defense policy at a moment when regional states are seeking greater strategic autonomy. 

For Syria, joining such an arrangement remains hypothetical. But even the possibility illustrates how continued Israeli-Turkish friction could push Damascus further into emerging regional security structures, rather than leaving Syria as a neutral space between its neighbors. 

For now, however, the clearest signals from all three capitals point toward containment rather than direct confrontation.

This post was originally published on here. 

Turkey is a “rival and not an enemy” to Israel, security officials said on Sunday, warning that the situation could change amid the ongoing shifts in the Middle East.

According to assessments within the security establishment, Turkey seeks to strengthen a Sunni axis that is, among other things, anti-Israel.

The officials rejected Syrian and Turkish denials, saying warnings were issued before the strike but ignored by the parties involved. Therefore, under close scrutiny and following recommendations from Israeli intelligence and the Israeli Air Force, including pressure from IDF Chief of Staff Lt.-Gen. Eyal Zamir, the decision was made to carry out the strike in order to send a message while clearly avoiding harm to people.

Security officials clarified that Israel’s commitment after October 7 is to identify threats and eliminate them at their earliest stages. This commitment is reflected in the context of the Syrian-Turkish process, where the security establishment continues to monitor developments and ensure that it does not change form or attempt to advance through other means.

Israel monitoring Lebanon-Syria dynamics

Security officials also said that Syrian President Ahmed al-Sharaa is known to have deep hatred toward Hezbollah and the Iranians. According to assessments, the day is not far off when he will demand a price and seek revenge from them for the killing of his forces during the Syrian civil war under ousted president Bashar Assad, despite his statements expressing moderation and a desire for peace.

Syria's newly appointed president for a transitional phase Ahmed al-Shaara meets with Turkey's President Recep Tayyip Erdogan at the Presidential Palace in Ankara, Turkey, February 4, 2025. (credit: MURAT CETINMUHURDAR/PPO/HANDOUT VIA REUTERS)

Therefore, the officials said that Israel is also monitoring the dynamics between Lebanon and Syria to ensure that certain geographic areas do not become lawless zones that could threaten Israel in the future.

Meanwhile, security officials hinted that Turkey is working to reach Israel’s border not only through Syrian territory but also through additional routes, such as the Gaza Strip.

The security establishment is monitoring these efforts in order to prevent them. Some of the activity is being carried out through diplomatic channels, with mediation from the US and other allies.

Israel-Syria talks halted after strike on military air base

Meanwhile, Syrian Foreign Minister Asaad al-Shaibani said Sunday morning that following the strike in Syria, talks with Israel had been halted and no date had been set for their renewal. In an interview with Reuters, al-Shaibani said Damascus’ priority is to stop Israeli strikes and that steps are needed to build trust toward that goal.

The Syrian foreign minister also said that in the days following Assad’s fall in 2024, “Israel tried to maintain its security through brute force and it did not succeed.” He added that the US is attempting to pressure Israel to return to the dialogue table, saying, “It is very difficult to bet on Israel, but Syria had very high hopes of building stable relations with its neighbors.”

Al-Shaibani claimed that at the beginning of the year, the sides had “agreed on paper on almost everything” regarding a security agreement that would include several security zones in Syrian territory near the Israeli border. These included a buffer zone where only the UN would be present, as well as other areas where Syrian forces would be deployed at varying levels of strength. However, he added that “we have not seen that Israel has the genuine desire to reach an agreement.”

This post was originally published on here. 

Controversy is growing about the extent to which Iran is smuggling weapons to Hezbollah through Syria, with defense sources, probably connected to Defense Minister Israel Katz, leaking that the issue is heating up, while the IDF has said that there is no major change taking place.

A spokesman for Prime Minister Benjamin Netanyahu said that a report by Channel 12 based on the anonymous defense sources did not come from them, but advocated that it correctly sized up the increasingly problematic situation.

Following Ahmad al-Sharaa taking power in Syria in December 2024, he cracked down on smuggling weapons through his territory to Hezbollah, given that he is Sunni and had been fighting Hezbollah for around a decade. 

While al-Sharaa’s relations with Israel have been cold to date, his cracking down on Iranian smuggling to Hezbollah has been a significant fringe benefit for Israel in keeping the Lebanese terror group from rearming.

This latest leak comes as there is a lively public debate about whether Israel will need to withdraw from part of its buffer zone in Syria and whether the IDF will need to carry out fewer military actions in Syria – all of this following a controversial Israeli attack on a Syrian airport in recent days.

Syrian President Ahmed al-Sharaa attends the Ministry of Awqaf conference titled ''Unity of Islamic Discourse'' at the Conference Palace in Damascus, Syria, February 16, 2026.  (credit: REUTERS/KHALIL ASHAWI/FILE PHOTO)

Critics say Netanyahu creating unnecessary tensions with Syria, Turkey

Critics of Netanyahu say that he, and possibly then the defense sources leaking the latest report, are trying to unnecessarily create tension and fear related to Syria and Turkey for electoral purposes.

Netanyahu, Katz, and some IDF sources have said that the recent attack was necessary to prevent Turkey from encroaching on IDF freedom of military action in Syria.

Adding in the idea that smuggling from Iran to Hezbollah through Syria is a returning and growing problem would support the narrative that Israel must continue to act aggressively in Syria and that the recent attack, which led to a public fight with the US which wants Jerusalem to make more concessions to al-Sharaa as part of efforts to bring him deeper into the Western sphere of influence, was necessary and not political.

The fact that the IDF and the anonymous defense sources seem to disagree on that issue leaves a hazy picture of how large a problem increased weapons smuggling is.

No sources debate that Syria cannot hermetically seal off Iranian smuggling to Hezbollah, but IDF sources say that there has not been any spike in that smuggling recently compared to nearly the last two years under al-Sharaa.

This post was originally published on here. 

The planned Gush Dan metro trains will be highly automated, driverless, and run every minute and a half, even during peak hours. 

The metro system will be technically capable of operating on weekends. Eliminating drivers would reduce the extent of Shabbat violations involved in running the network, although security and operations personnel would still be required on Fridays and Saturdays.

An NTA official stressed, however, that weekend service is only a technical possibility and that the decision will ultimately be made by the political leadership.

Operating driverless trains will eliminate the need to recruit around 1,000 metro drivers, a significant challenge amid the shortage of public transportation drivers, and will reduce operating costs by approximately NIS 150 million per year.

Due to the high levels of automation, every team competing in the tender for the trains, systems, and operations of the metro project must also include an Israeli company specializing in cyber and information security.

Construction of the Tel Aviv metro light rail, May 21, 2026. (credit: YOSSI ALONI/FLASH90)

NTA publishes prequalifications for companies competing for tender

The NTA Metropolitan Mass Transit System company (NTA) published on Monday morning the prequalification (PQ) process for companies that will compete in the tender for the project.

This comes after a similar stage for the construction of the tunnels and underground stations, Infra 1, in which 20 groups comprising 33 infrastructure companies from Israel and around the world submitted bids for tenders worth approximately NIS 65 billion.

The project is now moving to its next stage: from infrastructure construction (Infra 2) to the systems that will operate the metro. NTA is planning two tenders, one for the M1 line, which will run from the Sharon region to Rehovot, and another combining the M2 line, from Holon to Petah Tikva, and the M3 line, a ring line from Herzliya to Ben-Gurion Airport.

NTA, which oversees the light rail and metro projects, is drawing lessons from previous projects: trains and operating systems will no longer struggle to communicate with one another. Instead, a single tender will be issued to a group of companies that will jointly provide the trains, signaling and control systems, electricity and energy systems, underground station systems, and finishing works.

The tenders will also include integration between all systems, as well as network operation and maintenance services. Each group will be required to combine foreign and Israeli companies.

Gush Dan metro network to handle over 600 million trips annually 

The metro network in the Gush Dan metropolitan area will include three lines totaling about 150 kilometers, 109 underground stations, and connections between 24 local authorities in the Tel Aviv metropolitan area, from Rehovot to Kfar Saba. The system is expected to handle more than 600 million passenger trips annually, and together with the light rail network, more than 800 million trips each year.

The project’s cost is estimated at approximately NIS 175 billion, but it is expected to provide an alternative to worsening traffic congestion in Gush Dan, allowing people to live farther from workplaces in less expensive housing while still reaching them quickly.

At least officially, Chinese companies will not be barred from participating. At the end of the year, NTA will begin publishing the infrastructure tenders, and in another year it will publish the tender for the trains and systems.

After a series of delays and warnings from the State Comptroller, NTA says the project is progressing according to the timeline set last year, which is expected to lead to a gradual commercial launch between 2037 and 2045.

This post was originally published on here. 

Five years ago, Bill Ackman said it would have been too hard to lure top scientists away from universities. Now, he thinks the balance of power has shifted.

The billionaire investor and his wife, designer and entrepreneur Neri Oxman, are launching a new Manhattan neuroscience and longevity center called the Ackman Oxman Institute, or AOI. Ackman said in a lengthy Aug. 19 post on X that the couple is donating roughly $400 million in Pershing Square stock to anchor the institute, with another gift of a similar or potentially greater size to come.

“Our goal is to build the world’s greatest brain research, rehabilitation, recovery, human optimization, and longevity institute,” Ackman wrote. 

The project is partly a bet on brain science, but also one that traditional universities have become more vulnerable in the competition for elite researchers.

Ackman said he and Oxman considered creating a brain institute half a decade ago, inspired in part by Oxman’s mother, who died from Alzheimer’s. They decided against it because New York real estate was too expensive and they believed it would be “too difficult to recruit the best talent from universities to our effort,” Ackman wrote.

But he said the equation has changed. The real estate needed for the project became available at a 70% discount. Universities, meanwhile, have become “a much less attractive place to work,” he wrote, citing campus politics, antisemitism and declining funding.

That claim fits into Ackman’s broader fight with elite universities. He helped lead the pressure campaign against former Harvard president Claudine Gay, criticized the university’s handling of antisemitism, attacked its DEI policies and later called for the ousting of several Harvard board members.

Ackman’s post didn’t mention data points about scientists leaving universities en masse. But his new institute is being structured around the idea that top researchers can be persuaded to leave, or at least work outside, the traditional university system.

AOI will be “patient-centric” and explicitly focused on turning scientific discoveries into treatments, Ackman wrote. It will not be an academic institute that produces “lots of papers” but “little if any results for patients.” Instead, its mandate will be to speed the path from research to cures, treatments and devices. 

“If you are going to have a devastating brain injury, now is the best time in history for that to happen,” Ackman wrote. “We are living in a world when you can be confident that the blind will soon see again.  We are going to do everything we can to help make that happen, including by assisting existing companies in the space.”

Though AOI will be a nonprofit, Ackman explained it will have “highly commercial instincts.” The institute plans to run its own venture funding operation, create and seed companies around technologies developed there, and reinvest the financial returns into further research.

The project also has a sizable physical footprint. Ackman said the Pershing Square Foundation acquired a nearly vacant, 400,000-square-foot biotech facility on Manhattan’s West Side after a real estate colleague alerted him to the property in May. The foundation also has an adjoining 130,000-square-foot building under contract and is acquiring a neighboring vacant lot.

With additional construction permitted under current zoning, Ackman said the campus could reach 680,000 square feet—larger than Rockefeller University’s laboratory footprint.

The institute will combine neuroscience, rehabilitation, nutrition, clinical trials and longevity research onto the same campus. Ackman also wants AOI to work across institutional boundaries, with Mount Sinai as an important partner but not its only collaborator.

“We don’t believe any institution has a monopoly on the best ideas or the best talent,” he wrote.

Inspiration for the institute 

The project grew out of a family crisis. His 26-year-old daughter Lucy had a brain hemorrhage and underwent emergency surgery after being found unconscious in her Brooklyn apartment. Ackman wrote in the X post that months of treatment and rehabilitation convinced his family of both the brain’s ability to recover and the limits of existing treatment.

“The interesting thing is that everything I’ve done in my life up till now has prepared me to help her,” he previously told Fortune, explaining that he had to exhort the doctors to try novel treatments like injecting mitochondria into Lucy’s eye to help preserve her sight. AOI will build off the insights gained from her treatment, he said. 

Ackman also sees AI and brain-computer interfaces as key to AOI’s mission, writing that Lucy might need brain-computer support that’s being developed at companies like Neuralink, Precision Neuroscience and Synchron. He argued his new institute should be “at the forefront of the interplay between the brain and AI.”

AOI has already identified a CEO whom Ackman expects to announce by October, and it is searching for a chief scientific officer, chief AI and technology officer and other senior leaders. He said the board includes inventor Dean Kamen (whom he described as ”our generation’s Thomas Edison”), Regeneron co-founder and chief scientific officer George Yancopoulos, Nobel Prize-winning biochemist James Rothman, neuroscientist Bernardo Sabatini, neurosurgeon Chris Kellner, Pershing Square Foundation CEO Olivia Flatto, Oxman and Ackman himself. 

“We have learned from Lucy that the brain can recover from even catastrophic injury,” he wrote. “There is so much more work to be done as the mind is a terrible thing to waste.”

This story was originally featured on Fortune.com

This post was originally published here. 

Good morning. New York has overtaken the San Francisco Bay Area as North America’s largest tech-talent workforce by headcount, and Wall Street’s growing demand for AI talent is helping reshape the market—though San Francisco isn’t ceding its crown entirely.

The finding comes from CBRE’s “Scoring Tech Talent 2026” report. New York Metro’s tech-talent workforce grew by 30,640 to 394,300 between 2022 and 2025, while the San Francisco Bay Area’s contracted by 23,900 to 375,730—marking the first time New York has led by headcount in the report’s 13-year history.

The shift reflects New York’s more diversified tech economy. While 61% of San Francisco’s tech talent works directly in high-tech companies, New York’s tech workforce is spread more broadly across industries, including financial services.

Across the U.S. and Canada, the number of tech-talent workers with AI skills rose 45% year over year to 751,000 as of mid-2026. The San Francisco Bay Area still leads in raw AI-specialist numbers and has a higher concentration of AI job postings overall (26%, versus 17% in New York).

But when it comes to financial services specifically, New York and Dallas-Fort Worth tied for the highest concentration of AI-specialty talent among major markets, at 20% each, ahead of Toronto (19%) and Chicago (16%). Financial firms are increasingly competing with technology companies for workers who can put AI into production inside highly regulated businesses.

Jamie Dimon, CEO of JPMorgan Chase, recently said the bank will likely hire more AI specialists. “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories,” he said in a Bloomberg Television interview.

JPMorgan’s Data & AI organization includes teams working on LLM applications, fraud models, risk systems, personalization and automation.

Big banks—including JPMorgan, Citi, Wells Fargo, and Bank of America—are all investing heavily in AI to boost efficiency, and Bank of America is already pointing to measurable returns.

I reported last month that during a media call regarding Bank of America’s second-quarter earnings, CFO Alastair Borthwick said, “New AI capabilities now allow more than 200,000 of our employees to work more effectively, and they’ve helped contribute to producing a 59% efficiency ratio, a roughly 360 basis point improvement from last year.”

Slower hiring and layoffs in the technology industry have also created opportunities for non-tech employers to build their tech-talent teams. CBRE found that financial services, insurance and real estate added 90,530 tech jobs since 2022, while the high-tech sector shed 21,262.

Although New York now leads in tech-talent headcount, San Francisco remains No. 1 in CBRE’s broader tech talent ranking—which incorporates 13 metrics including talent concentration, wages and AI strength, areas where the Bay Area’s smaller, denser workforce still gives it an edge.

Sheryl Estrada
Sheryl.Estrada@fortune.com

This story was originally featured on Fortune.com

This post was originally published here. 

Fewer than 20 commodity vessels transited the Strait of Hormuz at the weekend, shipping data showed on Monday, as Iranian and US blockades restrict traffic through the chokepoint for energy shipments.

Four vessels crossed the strait on Sunday, initial data from shiptracker Kpler showed by 0228 GMT, with 13 on Saturday. The figures could change as some ships had switched off transponders on their way through.

That compared with Friday’s figure of 16 transits, with two empty very large crude carriers (VLCCs) entering the Gulf with the tracking devices switched off, one heading to Iraq and the other to Bahrain, the data showed.

A VLCC carrying 2 million barrels of Emirati crude exited the strait on Thursday.

Eight very large gas carriers transited the strait over the past three days, the data showed, six of them entering empty while the others carried liquefied petroleum gas (LPG) loaded from Iran and exited the Gulf.

Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. (credit: REUTERS/Mohammed Aty/File Photo)

Traffic ‘well below normal levels’

Overall traffic volumes remained suppressed in the week to August 21, as vessels aborted transit plans or switched routes through the strait’s north after attacks, the United Kingdom Maritime Trade Operations (UKMTO) agency said in a report.

A total of 89 vessels exited the strait while 103 entered over the seven-day period, the report, based on Automatic Identification System (AIS) data, showed.

“Traffic remains well below normal levels, with AIS-detected transits approximately 90% below pre-conflict baselines and declining since the June 24 to June 26 peak,” it added.

Tanker traffic, at 45% of the total, continued to dominate movement through the strait, the agency said. Of these, 56% were tankers that carry crude oil, oil products or chemicals while LPG carriers accounted for a further 24%.

Since July 6, the UKMTO has reported 23 incidents of projectile strikes, leading to bridge, engine-room, and structural damage across vessels in the strait and its vicinity.

A total of 24 commodity vessels sailed through the Bab el-Mandeb Strait on Sunday, down from Saturday’s figure of 32, which was an increase from 22 on Friday, Kpler data showed.

Two VLCCs entered the Red Sea on Saturday with one carrying Iraqi Basrah crude and the other empty, it showed.

This post was originally published on here. 

Cat Gioino here. Everyone wants safer neighborhoods, right?

That was Flock CEO Garrett Langley’s pitch to VCs after he built Flock’s first prototype. The Georgia Tech electrical engineer was not yet 30 when a string of break-ins in his own Atlanta neighborhood convinced him local police lacked the right tools. Recruiting two former colleagues, Matt Feury and Paige Todd, he built what started at first a simple license-plate camera and has now expanded to include video, gunshot detection, drones, and AI-powered search software. Launching Flock in his hometown of Atlanta in 2017, Langley promised to create a network of camera data that could be compiled together to solve any department’s cases. Homeowners associations were the company’s earliest customers, all before law enforcement contracts came to dominate the business. Today, the company operates in more than 5,000 communities across 49 states. Flock told Fortune the company has since raised $500 million at an $8.3 billion valuation and crossed $500 million in annual recurring revenue in the first half of this year.

Andreessen Horowitz was an early backer, leading Flock’s Series D in 2021, with a16z general partners David Ulevitch and David George calling the company an “n of 1″ startup,”effectively the only game in town.” Tiger Global led the Series E in February 2022, a $150 million round at a $3.5 billion valuation, joined by new investors 776 and Spark Capital alongside returning backers a16z, Bedrock, Matrix, Meritech and Initialized. By March 2025, Flock raised $275 million at a $7.5 billion valuation in a round led again by a16z, with participation from Greenoaks, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global and Y Combinator.

But in recent months, Flock has been caught up in a swirl of intensifying controversy, with privacy experts and civil liberties groups alleging officers used the cameras to stalk people, including exes, or that departments shared data across jurisdictions, including with ICE and in violation of state law. Vandalism has increased: across the country, people are dousing cameras in paint, ramming into them with their cars, smearing unknown substances across the camera front, or even chopping them down with chain saws, as documented in at least 36 states.

The biggest sticking point is who actually owns the data that Flock collects. Flock says it’s its customers: the police departments, the HOAs, the private customers who hold that data for a certain amount of time, up to customer discretion. Privacy experts say instead that Flock’s contracts allow it to retain certain data to train its models, and are pointing to an LAPD’s inspector general report as reason why that police department—like many other customers of Flock—are now renegotiating their contracts to specifically include language barring the company from using collected data. In March, cities like Boston, Flagstaff and Santa Clara all dropped Flock following a now-viral Super Bowl ad from Amazon’s Ring, which subsequently pulled its Flock integration. For its part, Ring never blamed the ad but said the integration with Flock would require more resources than anticipated. 

More recently, in July, the LAPD said it was renegotiating its Flock agreement over data-ownership concerns. The city’s own Inspector General audited the department’s Flock contracts this summer and quoted the actual signed language: one agreement lets Flock “retain the right to use the foregoing for any purpose in Flock’s sole discretion,” while a separate agreement grants the company rights to use anonymized footage for “training of machine learning algorithms.” Two privacy attorneys Fortune interviewed each independently described this same pattern from their own review of Flock’s contracts elsewhere. The experts say the stakes are beyond what one private company’s contract dictates—and they even pointed to cities that had pulled its contract with Flock only to sign on with one of its competitors, some of which are even less transparent regarding data collection. The experts sounded the alarms about what this means cross-jurisdictionally: once a department’s data can be pooled with other agencies’ data, what was once cross-jurisdictional collaboration now becomes a whole nationwide network that can let agencies (like ICE, for example) search the database, even in violation of state law or beyond the parameters of the initial contract.

Flock last week set out a new set of guardrails intended to curb abuse of its system, including advocating for a seven-day data retention policy for its customers.  Previously, Flock’s default was 30 days, and the company maintains on its website that the shortened week-long window will still cover “over 90% of searches.” But still, it’s a recommendation and not a rule, meaning each city’s contract can set its own number. LAPD’s, for example, guarantees five years. 

Garrett Langley told Fortune the company is “growing our customer base at ten times the rate of customer churn,” and stands by its record solving crimes and finding missing people. Flock built a business on the idea that watching everything makes communities safer. The question its contracts now raise is: safer for whom?

See you tomorrow,

Cat Gioino
X:
@CatGioino
Email: catherina.gioino@fortune.com

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This story was originally featured on Fortune.com

This post was originally published here. 

Palestinian prisoner Basel Al-Asmar was allegedly able to father twins after his sperm was smuggled out of Nafha Prison, according to his wife and Palestinian media reports.

Sanabel Al-Ra’i announced the birth of the twins, a boy and a girl, at a hospital in Qalqilya following an alleged smuggling operation celebrated across Hamas-affiliated media. The conception reportedly took multiple attempts over a two-year period, the nephew of Asmar told Palestinian media.

The Jerusalem Post is unable to confirm the paternity of the twins.

Asmar is serving a life sentence and additional years for his role in the murder of former Tourism Minister Rehavam Ze’evi at Jerusalem’s Hyatt hotel on October 17, 2001, and for his membership in the Popular Front for the Liberation of Palestine (PFLP).

Ra’i and Asmar met in prison when Ra’i was visiting her brother, Shaher Al-Ra’i, a PFLP member suspected of being responsible for the killing of two Israeli hikers, though he was never convicted, according to the Hamas-affiliated Shehab News Agency. The pair later married by proxy.

Over 100 children fathered by Palestinian prisoners via smuggling since 2012

Notably, only a year ago, the Palestinian Prisoners’ Media Office complained that Asmar was suffering from poor health, claiming he was being denied medical treatment, and that his family was being prevented from visiting him out of fear of retributive attacks from authorities.

Asmar and Ra’i would not be the first to have conceived despite detention. According to Palestinian media reports, over 100 children have been fathered by detained Palestinian prisoners through sperm smuggling operations since 2012.

Convicted terrorist Ahmed Shamali fathered quadruplets in 2023 after his sperm was smuggled out of Israeli detention. At the time, Israel Hayom reported that National Security Minister Itamar Ben-Gvir was outraged by the news, though the conception occurred before he assumed his role.

Ben-Gvir has been approached for comment.

Commissioner Kobi Yaakobi set policy of no contact

The Israel Prison Service told the Post that there was no scientific evidence to confirm that Asmar fathered the twins and that sperm smuggling operations have not been possible since before October 7, 2023.

“In response to reports regarding the smuggling of sperm from the prison of the murderer of the late Minister Rehavam Ze’evi and the birth of his children, and given that the report has no scientific verification, we emphasize that the smuggling referred to in the reports took place before October 7, 2023, prior to Israel Prison Service Commissioner Kobi Yaakobi taking office,” IPS told the Post.  

“Since October 7, 2023, and the Commissioner’s assumption of office, the organization’s policy has changed completely, and there is no contact between prisoners and the outside world.” 

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  • In today’s CEO Daily: The U.S. imposes 50% tariffs on a wide range of Canadian imports
  • The big leadership story: ‘Dads’ and ‘duds’
  • The markets: Asia markets are down with big drops by Alibaba and Samsung
  • Plus: All the news and watercooler chat from Fortune.

Good morning. America’s trade war against its closest ally has escalated again, with the Trump administration invoking section 338 of a notorious 1930 law to impose 50% tariffs on a wide range of Canadian imports. The sticking points were both economic and cultural, with Quebec’s French-language laws even coming under attack. Canadian Prime Minister Mark Carney is being praised for his response while Trump was criticized, even by members of his own party. This is not a war that America, or American business, is likely to win. Here’s why.

Trump’s options are limited. There’s a reason this latest missive only impacts 5% of Canadian imports. The Supreme Court already decided the president can’t invoke emergency powers to impose tariffs. Walmart is now using its tariff refund to lower prices. The Iran war has increased demand for Canada’s oil, aluminum and fertilizer; Saskatchewan is known as the Saudi Arabia of potash, with more than a third of global supply. And Trump’s priority is to lower costs for inflation-weary consumers ahead of the midterms, just suspending tariffs on imports of up to 300,000 metric tons of ground beef to bring cheaper foreign meat into the market. As Eurasia Group founder Ian Bremmer told me over the weekend: “There’s still time to walk this back … Trump not taking a public victory lap makes last-minute resumption of talks possible.”

Canada is becoming more resilient. The Canadian government is diversifying trade, letting in companies like Chinese EV giant BYD, and can borrow money at 4.2% for 30 years while comparable U.S. Treasury yields have risen to 5.3%. As a dual citizen who often travels north of the border, though, I think the biggest shift is psychological. Canadians now see the U.S. as a greater threat to their security than Russia or China, according to a survey by Nanos Research Group. “Canadian opinion has turned largely on the direct attacks from Donald Trump,” founder and chief data scientist Nik Nanos told me yesterday. “At the same time, a very strong majority of Canadians want to have a trade deal.”

Just as the Luftwaffe’s bombing of London during the Blitz of 1940 strengthened British resolve in World War II, Washington’s repeated attacks on Canada have consolidated support for Prime Minister Mark Carney. Carney’s approval rating now hovers around 60%, while Trump’s approval rating has sunk to around 35%. From his fiery speech in Davos to his comments this weekend, the prime minister has turned each assault into a rallying cry. “America is trying to break us so that they can own us,” Carney said at a press conference on Saturday. “That will never, ever happen.”

This is a dumb trade war. From Florida tourism operators to automakers with integrated supply chains, most U.S. companies view Canada as a partner in prosperity. The Canadian American Business Council estimates the successful renegotiation of the United States-Mexico-Canada Agreement could create an additional 137,000 U.S. jobs and 98,000 Canadian jobs next year. Business Roundtable CEO Joshua Bolten issued a statement saying that “new tariffs and retaliation risk raising costs for American businesses and families.”

Canada used to be America’s best friend. Despite Trump’s claims, the world’s longest undefended border is not a pain point for illegal immigration, drug traffic or security threats. With bilateral cooperation, it’s the opposite. The economies remain intertwined, with the Gordie Howe International Bridge between Detroit and Windsor officially opening just days before the latest rift. U.S. officials weren’t invited. As one Canadian CEO told me recently: “In a dumb trade war, you eventually work out the trade but you never regain the trust.”

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

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Good morning. The Big Apple has a new claim to fame. According to a recent report, New York City has overtaken Silicon Valley to become North America’s top market for tech jobs. The report, by commercial real estate firm CBRE, found that the New York metro area had 394,000 techies at the end of last year, while the San Francisco Bay area’s total dipped to roughly 375,000.

The reason: Wall Street’s voracious appetite for AI talent combined with a slow, but continual drip of layoffs at many of Silicon Valley’s Big Tech firms. But CBRE notes that the Bay Area still ranks No.1 for its overall “Tech Talent” ranking which includes things like wages and AI strength. And we still have better burritos in San Francisco!

Today’s tech news below. —Alexei Oreskovic

Want to send thoughts or suggestions to Fortune Tech? Drop a line here.

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MacKenzie Scott has been one of the most generous philanthropists during the past few years, and an episode in college may help explain why. 

After finalizing her divorce from Amazon founder Jeff Bezos in 2019, Scott ended up with a load of shares she earned from helping to build the e-commerce giant during its early days, when she helped with business plans and contracts. Upon their divorce, Scott received roughly a 4% stake in Amazon, or about 139 million shares at the time. 

Since 2020, Scott has reduced her stake by 42%, selling or donating about 58 million shares. The philanthropist is still worth about $37 billion today, despite having donated $26 billion through her philanthropic platform Yield Giving during the past few years. Yield Giving has donated to thousands of organizations, focused on issues including DEI, education, disaster recovery, and more.

Last fall alone, she donated well over $400 million to several education- and DEI-focused organizations, many of which received the largest gifts in their respective histories—and her grand total for 2025 exceeded $7 billion, making her the biggest megadonor that year.

Scott sees the value of and need for support, especially during someone’s early, formative years. After all, she had to borrow money from her college roommate when she was struggling. 

“It is these ripple effects that make imagining the power of any of our own acts of kindness impossible,” Scott wrote of giving in an essay published to her Yield Giving site last October. “Whose generosity did I think of every time I made every one of the thousands of gifts I’ve been able to give?

“It was the local dentist who offered me free dental work when he saw me securing a broken tooth with denture glue in college. It was the college roommate who found me crying, and acted on her urge to loan me a thousand dollars to keep me from having to drop out in my sophomore year.”

After graduating from Princeton University, Scott went on to become a talented novelist—a product of none other than Toni Morrison’s teaching. And in 2005, Scott published her debut novel, The Testing of Luther Albright, which won an American Book Award in 2006. Morrison reviewed the book as “a rarity: a sophisticated novel that breaks and swells the heart.” Scott, as of recent, is actually returning to her roots and publishing a novel chapter by chapter on Substack.

Her roommate from Princeton saw the difference that the $1,000 gift had made in her life, and that inspired her roommate to start a company 20 years later that offers loans to low-income students without a cosigner. 

That roommate was Jeannie Ringo Tarkenton, who went on to found Funding U, which has provided $80 million in low-interest loans to about 8,000 students who needed help to pay for college, according to Princeton. Tarkenton still plays it cool, though, when asked about how she changed Scott’s life. 

“I’ve always said she would have graduated without that grace, as would probably a lot of the thousands of kids I help because they are hardworking people who kind of try to figure it out,” Tarkenton told Princeton Alumni Weekly. “But small graces everywhere add up—or big graces, when it comes to MacKenzie’s [giving].”

A version of this story was published on Fortune.com on November 16, 2025.

More on MacKenzie Scott:

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In June, a crowd packed into Italie Deux, a Paris shopping center owned by Ikea’s real estate arm, to watch adults hurl pillows at each other in a padded ring. The event marked the French debut of the Pillow Fight Championship, a U.S.-based combat sport league. Onlookers were invited to join in, with professional fighters offering free lessons to anyone willing to jump in.  

The event was sponsored by Ingka Centres, the real estate arm of the largest Ikea franchisee, Ingka Group. It’s an unusual investment for a real estate company. But it’s part of a deliberate strategy at Ingka Centres, part of Ingka Group, which is ranked No. 88 on Europe’s Fortune 500 list. The real estate group operates 38 properties, all of which include an Ikea store, across 15 markets in Europe, Asia, and the Americas. As physical retail competes with online shopping, and concerns grow over a broader loneliness epidemic, the company is betting that hosting community experiences can help its shopping centers thrive and grow. 

“A shopping mall should be like an amusement park,” says Sebastian Hylving, chief executive at Ingka Centres. “If there’s no queue outside, you need to change what you’re offering.” A mall’s location is a relatively minor factor for people when determining whether to visit, he adds. “The rest comes down to what’s inside, and whether it’s worth returning to.” 

In Sweden, the company has partnered with the Svenska E-sportförbundet to host e-sports events and tournaments. In 2025, it hosted a Pippi Longstocking–themed storytelling experience at its Livat shopping and community centers in China, which drew more than 24 million visitors. This year, Ingka is bringing the experience to the rest of its shopping international centers.  

“Visitation is not something you can rely on anymore,” Hylving says. “It’s something you need to earn. You need to give people a reason to visit, to stay longer, and come back.” 

Europe’s physical retail sector has weathered a turbulent stretch, including the shutdown of stores during the pandemic and the rise of online shopping. In the U.K., 13,500 retail stores closed in 2024, according to the Centre for Retail Research.  

But the sector is showing signs of recovery: European cities saw a 39% year-on-year rise in store openings in 2025, according to the real estate firm JLL. CBRE’s 2026 European Real Estate Market Outlook predicts a rising trend among shopping centers of courting visitors with experiences, such as event spaces and in-store fitness classes, rather than relying on retail alone. 

“We’re seeing a shift back to analog experiences,” Hylving says. Whether it’s cinemas, buying records, or people moving away from online dating and back towards in-person matchmaking events, he says, “we’re starting to remember how enjoyable it is to share experiences with others in real life.” The challenge, Hylving stresses, is whether a shopping complex can become a genuine fixture in people’s daily routines, rather than a one-off visit.  

Eight in 10 adults believe everyone deserves time to play, according  to a survey of 3,000 adults by Ingka Centres. Yet 30% cite reduced access to suitable spaces as a barrier. Nature zones, calm corners, and community hangouts topped the list of spaces people wanted. 

In response, Ingka is weaving natural gathering spots into its properties. At one of its India locations, currently under construction, a garden is being designed for local visitors to eat and gather.  “We want to build a network of playful spaces, a sort of living room for the community,” Hylving says. “If a place can become part of everyday life, visitation and growth will naturally follow.” 

However, a lack of time, money, and social norms can prevent adults playing in public spaces. Three in four people surveyed listed at least one barrier to playing in shopping centers, and a third say they simply want to run their errand and leave. 

Even so, there are signs Ingka’s approach is working. “We’re having a very good year,” Hylving says. “Visitation is above goal, and sales in our meeting places are above goal.” The company’s most recent figures show footfall across its portfolio reached 320 million in 2025, an 18% increase on the year before. 

Special attention is given to architecture and design. “The more relaxed and happier you are, the looser the grip on your wallet,” Hylving says. “Our shopping centers are designed as a figure of eight loop, so visitors can see where to go next, with natural stops along the way to rest and refuel,” he says. Natural light and sightlines matter, too. The more you can see from any given point, Hylving explains, the more likely you are to keep walking.  

That design philosophy has paid environmental dividends, too. Over the past decade, Ingka Centres has cut its operational climate footprint by 77%, a reduction Hylving attributes in part to prioritizing natural light over artificial lighting and sourcing local materials rather than shipping them in. 

Ingka has proven it can turn European shoppers into a captive, playful audience, riding a broader recovery in physical retail. Whether the same formula holds in a market with an entirely different culture is the next test. 

The company has named India one of its top three priority markets worldwide, with two mega-projects under construction near Delhi—in Gurugram and Noida— the latter is set to become Ingka’s first property to include a hotel. The developments are large even by Ingka’s own standards, Hyvling says, and early operational snags have already surfaced on-site. Feeding roughly 3,000 construction workers a hot meal daily has become logistically complicated amid gas shortages, he explains. 

“We’re humble that stepping into India is very different,” he says. “You cannot apply all what we have learnt in other markets straight off. You need to adapt.”  

Between the pressures of online competition and a broader economic squeeze, shopping centers cannot afford to stand still, says Hylving. “Every day is game day. You can’t rest on your laurels.” 

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Good morning. On Fortune’s radar today:

  • Apple’s foldable iPhone lands next month.
  • Shein launches $27 billion IPO—a fraction of its peak price.
  • Markets: Mixed as traders await market-moving events from Bessent, Warsh, and Nvidia.
  • Midterm predictions.
  • 20 million Americans have opted out of work.
  • AI is comically bad at drawing maps.

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One of the hottest debates in the energy industry right now is how much oil is actually coming out of the Persian Gulf, and the answer could determine how long the Iran war lasts.

Iran insists the Strait of Hormuz is closed and that it has control of the narrow waterway, which saw 20 million barrels of oil a day pass through before the U.S. and Israel started the war.

But the Trump administration has pushed back on that narrative. Energy Secretary Chris Wright said the U.S. military helped ship over 15 million barrels of oil and products out of the strait on Tuesday, though the seven-day average is 8 million. When combined with oil exported by pipelines, the total leaving the region is closer to 20 million barrels, he posted on X on Friday.

Meanwhile, U.S. officials told Axios that about 10 million barrels of oil a day are being transported out of the strait through a corridor the U.S. military established that runs along Oman’s coast.

A two-week stretch of U.S. bombing last month degraded Iran’s radar and maritime surveillance systems, the report said, making it easier for tankers to sail through undetected at night with their transponders turned off. This has allowed vessels to make shuttle runs in and out, then unload oil to other tankers that deliver the cargo to customers.

David Wech, chief economist at energy intelligence firm Vortexa, told CNBC on Friday that the average over the last month has been 6 million-7 million barrels a day. But peak volumes over a seven-day moving average are nearly 10 million barrels, with the highest day at 14 million.

Either way, the upshot is that significant levels of oil supply are getting out and that the Strait of Hormuz isn’t really closed off after all.

To be sure, there’s still a supply deficit, forcing consuming countries to keep tapping their reserves, which are reaching critically low levels. And the U.S. naval blockade is preventing Iran from exporting its oil

But the amount leaking out of the Gulf buys more time before global markets go off a cliff—and that could also prolong the war as both sides remain locked in a stalemate.

“Barrels getting through raise the odds of a longer war, possibly deep into 2027: neither side feels urgency if oil does not materially move and Iran still earns enough to sustain the regime,” Dan Alamariu, chief geopolitical strategist at Alpine Macro, wrote in a note last week.

Indeed, there has been no diplomatic progress lately as Iran has made demands unacceptable to the U.S., while Trump wants the regime to relinquish its grip over the strait, its main source of leverage. At the same time, Trump has shied away from resuming all-out war, especially with key munitions supplies low, and instead is relying on economic pressure.

U.S. Air Force F-35A Lightning II aircraft fly in the U.S. Central Command area of responsibility Aug. 7, 2026.
U.S. Air Force photo by Senior Airman Brooklyn Golightly

Alamariu described the current equilibrium as a state of “managed disruption” marked by a permeable Hormuz blockage, occasional military flare-ups, and escalatory threats. But there’s potential for periods of sharp crisis as Iran’s economy continues to suffer and puts the regime at risk, he added.

“And if the Strait is not fully closed, Iran’s leverage is weak,” Alamariu pointed out. “Thus, Iran has reasons to escalate.”

U.S. midterm elections represent an opportunity for the Islamic Republic to hurt Trump by causing oil prices to spike and stirring more voter discontent against Republicans in Congress, he warned. That risks U.S. retaliation and even more escalation.

Until the election, Trump could maintain the blockade and hope for the best as long as Brent crude stays below $90-$100 per barrel, Alamariu wrote. But if oil tops $105-$110, then high gas prices and inflation could push the U.S. to try to reopen the strait by force or destroy more Iranian offensive capacity.

“These are not mechanical triggers, but they can make oil self-correct through violence,” he added.

Esfandyar Batmanghelidj, founder and CEO of the Bourse & Bazaar Foundation think tank, said Trump has erased the distinction between economic warfare and military conflict in the eyes of Iran’s leadership.

Tehran also interprets Trump’s reliance on economic pressure as a strong signal that he doesn’t have the stomach for renewed fighting, he said in a post on X.

“Iran’s leaders are confident they can go on the offensive because they are interpreting the shift to economic pressure as a sign of weakness. They believe that if they can land a few more punches, Trump will end up down for the count and have to return to the promises made in the MOU,” Batmanghelidj wrote.

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Treasury Secretary Scott Bessent might win points with his boss, President Trump, for his intervention in the market for U.S. Treasuries — doubling its buybacks to at least $4 billion — but he will earn no points from the bond vigilantes.

The history of such market interventions is littered with failures. Given Bessent’s participation in the Soros raid on the pound in 1992, when the Bank of England and the U.K. Treasury were forced to devalue sterling, one would have thought that Bessent knew that markets have a way of outsmarting government officials.

The Treasury is engaged in a new version of “Operation Twist,” buying long-term debt to keep longer-term yields down and selling an equal amount of short-term debt, which tends to raise short-term yields. Overall, this will tend to flatten or “twist” the yield curve — at least initially.

The key distinction to make is whether Operation Twist is conducted on its own as a part of fiscal policy, or whether it is accompanied by a change in monetary policy.

The reason is that two main factors drive yields. First, is the supply and demand of credit, including the size of the fiscal deficit and corporate and household demand for credit. Second is inflation, which is almost entirely determined by monetary policy.

When implemented on its own with no change in monetary policy, there is a possibility that Operation Twist can succeed temporarily, but only if market players agree that the moves engineered in rates are roughly acceptable. However, if they are not – for example, if the government fails to narrow the deficit – all that will happen is that holders of longer-term debt will shift their positions along the yield curve until they can earn the returns that reflect their outlook.

If Operation Twist is implemented against a background of changing monetary policy, the chances of success are very different.

There have been three previous attempts at implementing Operation Twist: two in the U.S., each by the Fed in 1961-65 and 2011, and one by the Bank of Japan (BOJ) from 2016 until 2024.

In the 1961 case, U.S. authorities sought to boost capital spending by lowering long-term rates, while stimulating inflows of funds from abroad by raising short-term rates. The policy failed because underlying monetary policy proved too expansionary. Between the start of 1961 and October 1965, the annual rate of broad US money growth (M3) accelerated continuously from 3% to 10%. By 1964-65, inflation was on the rise, and bond vigilantes demanded higher yields. Their demands torpedoed the policy. 

In the second case, as a part of its QE strategy, the FOMC decided in September 2011 to extend the average maturity of the Fed’s portfolio by selling short-term and purchasing longer-term Treasury securities. Its aim, under Chair Ben Bernanke, was to stimulate housing and corporate investment by lowering long-term rates in the aftermath of the Great Recession of 2008-09.

Unlike the 1961 episode, this time, the U.S. economy needed faster money growth to escape the effects of the Great Recession. Between January 2011 and May 2012, annual growth of M2 surged from 4% to 10%. This assisted in generating a gradual economic recovery in 2013 and 2014. Without the acceleration in money growth, it is doubtful whether the Fed’s Operation Twist in 2011-12 would have had any effect.

The third case involves Japan, where YCC, or yield curve control, was implemented by the BOJ as part of its grandiosely titled QQE, or Qualitative and Quantitative Easing, between 2013 and 2024. Along with zero and negative interest rates, YCC was a component of an attempt at monetary easing by the BOJ under Governor Kuroda. This operation must be viewed as a failure. Even though the Bank of Japan purchased very large volumes of securities under QQE, driving the Bank’s holdings of Japanese Government Bonds (JGBs) up to 46% of net Japanese government debt outstanding, most of the time broad money growth (M2) remained below 3% per year, a rate too low to boost either economic activity or inflation.

The underlying reason for the failure of YCC in Japan was that QQE was poorly designed. Instead of purchasing securities from firms and households, which would have boosted M2 growth, the BOJ bought securities mainly from banks. This resulted in nothing more than an asset swap between the commercial banks and the BOJ, with no upturn in money growth.

In the 1961-65 U.S. case, Operation Twist was overwhelmed by sustained rapid money growth, which resulted in inflation. In the 2011 U.S. case, Operation Twist was a minor component of a much-needed QE policy that boosted broad money growth. This aided an economic recovery and an escape from deflation. In Japan’s case, YCC was a component of a failed QQE strategy.

Scott Bessent’s version of Operation Twist can only succeed if monetary growth is supportive of his action. During the first half of 2026, broad money has been growing at nearly double-digit rates. This fact will torpedo Bessent’s interventions, making them pointless. For Bessent to reach the promised land of lower long-term rates, the Fed must tighten monetary policy and slow the rate of growth in the money supply.

Steve Hanke is a Senior Contributing Columnist at Fortune and a professor of applied economics at The Johns Hopkins University. His most recent book, co-authored with Matt Sekerke, is Making Money Work: How to Rewrite the Rules of Our Financial System, Wiley 2025. John Greenwood is a fellow at the Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.

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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  • Multimillionaire Big Bang Theory star Rajesh Koothrappali breaks down his work-life balance routine—including 16-hour days on set with just 6 hours of sleep. The mantra that gets him through tough days? “Take a breath. Take a pause. Let’s just see what happens.”

Kunal Nayyar has a life most would describe as a dream. He landed his breakthrough role as Rajesh Koothrappali on The Big Bang Theory at just 26, rose to global fame almost overnight, and went on to earn around $1 million per episode at the height of the show’s success—becoming one of the highest-paid actors on television ever. 

Today, the 45-year-old actor, producer, and entrepreneur has an estimated net worth of $45 million, a résumé spanning film, television, publishing, and tech. But none of that has insulated him from difficult days. 

When things start to unravel, Nayyar doesn’t reach for motivational podcasts or productivity hacks. He repeats one word to himself instead: Surrender.

“Sometimes, if I find myself really banging my head against something, and it’s just one of those days where everything’s going wrong, I just tell myself surrender,” Nayyar told Fortune. 

“Take a breath. Take a pause. Let’s just see what happens.”

The practice is more than simply having a mindful moment. He’s challenging his inner critic.

“Our minds work in such a way where on a difficult day, it keeps going to the worst-case scenario,” the actor explained, adding that the reality is rarely as bad as you imagine. And even in the very worst case, you always come out the other side. “So in those moments, you have to really just look at your mind and say, stop. Take a breath. Surrender to this moment and let’s see what happens.”

Nayyar admits he uses the mantra “quite often, to be honest.” Especially after auditions, in between waiting to hear how you did, and trawling the internet to see if someone else got the job—something any job seeker can relate to.

“I don’t think anything is in our control other than how we perceive things.”

Kunal Nayya’s daily routine

The British-Indian actor has a string of ventures to his name, including Good Karma Productions and, most recently, the document-storage app IQ121. He’s also still acting, most recently leading Christmas Karma—and it’s a career that keeps him relentlessly busy.

“I don’t have a regular nine-to-five job, so it’s different. When I’m shooting, then I’m a slave to whatever my schedule is,” Nayyar said. “Those days can lead into 16-hour days, with six-hour turnarounds.”  

That means he might only get six hours of sleep and rest before the next call time. It’s why even when he’s off work, he sticks to a disciplined routine: “Otherwise, it’s easy to just sleep all day—or not sleep all day, but relax all day—because you’re exhausted from shooting.”

5:30 a.m.—Wake up

“I do nothing for the first hour—hour and a half,” Nayyar explained. “I have coffee. I sit on the patio, check my phone, maybe talk to the family. But I really do nothing. I don’t get into work mode. I go to the gym, I come back, and I probably start my work day around 9:30 a.m.”

The afternoon—Recharge time

“I have the weirdest thing where I don’t do anything in the afternoon, I need that time in the afternoon to recharge,” Nayyar said. On days he’s not filming, he’ll take his last meeting at 2:30 p.m. and then rest from 3 p.m. until 5 p.m. “I try to do nothing,” he added. “If I can take a nap, I’ll take a nap. And then after 5pm I’m back on.”

On set, he’s equally intentional about protecting his focus. Rather than scrolling between takes, Nayyar brings a book, often choosing something his character might read to stay in the zone.

5 p.m.—Unwind

In the evenings, if Nayyar isn’t working he’ll make time to see a friend. Instead of trying to squeeze time in their calendars, he’ll just call them or invite them over for a cup of tea. Otherwise, you’ll find him sitting on his patio: “With my dog, sitting in silence, maybe watching some sports–I love watching golf, NFL, EFL. It really calms me.”

7:30 p.m.—Dinner

“I like to have dinner during the week at home, no matter what.” Does he cook for himself? No.

9:45 p.m.—“I’m in bed.” 

Nayyar keeps a strict bedtime, with the aim to be asleep no later than 10:30 p.m.—and he has a daily wind-down routine to make sure that happens. “When I’m lying in bed, I put my phone down, and right before I sleep, I just like to go completely quiet. I don’t try to think about tomorrow or anything. Just go completely silent until I fall asleep.”

Google’s CEO Sundar Pichai, Jeff Bezos, and Melinda French Gates have mantras for when they’re overwhelmed too

It’s not just a Hollywood problem. Even the world’s top leaders have shared that between messy return-to-office politics, scrambling to keep up with AI, and an unforgiving schedule, work gets too daunting for them, too, sometimes. 

When that happens, billionaire philanthropist Melinda French Gates says she “replays” Warren Buffett’s words of wisdom in her head.

“I remember what he said to us originally, which is, ‘You’re working on the problems society left behind, and they left them behind for a reason.” French Gates previously revealed in an interview with the Wall Street Journal. “‘They are hard, right? So don’t be so tough on yourself.’”

The Amazon founder, Jeff Bezos, take a more aggressive approach by confronting the cause of his anxieties head-on. 

“Stress primarily comes from not taking action over something that you can have some control over,” he said in an interview with the Academy of Achievement. “I find as soon as I identify it, and make the first phone call, or send off the first e-mail message…The mere fact that we’re addressing it dramatically reduces any stress that might come from it.”

Meanwhile, Google’s CEO repeats this mantra to himself when he’s overwhelmed: Most decisions are inconsequential.

“It might appear very tough at the time. It may feel like a lot rides on it, [but] you look later and you realize it wasn’t that consequential,” Sundar Pichai said at Stanford’s Business School. “There are few consequential decisions, and judgment is a big part of leadership.”

Essentially, most of us aren’t surgeons saving lives at work—that font color or PowerPoint presentation you’re worrying about probably won’t matter in 10 years’ time.

A version of this story originally published on Fortune.com on January 15, 2026

Read more executives’ work-life balance routines from Fortune’s Orianna Rosa Royle:

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Some of Nvidia Corp.’s biggest customers have been told that the prices of servers containing its artificial intelligence chips are going up more than 15% in many cases with memory chip costs soaring.

The price hikes will go into effect on systems shipped early next year and will impact systems including those with the flagship Vera Rubin and Grace Blackwell chips, according to people familiar with the process, who asked to not to be identified commenting on communications that haven’t yet been made public. The increases will depend on the generation of Nvidia chips and the memory configurations, they said.

Companies who build the servers under contract for large data center operators such as Microsoft Corp., Alphabet Inc.’s Google and Oracle Corp. have recently notified their customers of the forthcoming increases, the people said. Nvidia representatives didn’t respond to requests for comment. 

The inability of the industry’s most dominant company to hold the line on prices or absorb growing costs shows how much leverage makers of memory chips – Samsung Electronics Co., SK Hynix Inc. and Micron Technology Inc. – have amid a surge in demand for AI infrastructure. Major technology companies including Apple Inc. and Qualcomm Inc. have recently said they’ve been forced to charge more for their products because of chip shortages. 

Nvidia’s accelerator processors are the heart of computers that create and run AI software. Their effectiveness depends on how much dynamic random access memory, or DRAM, they are paired with. The two Korean companies and Micron account for most of the world’s production of that type of chip. While they’ve been increasing output, they still haven’t caught up with surging demand. That’s driven the price of the commodity-like components up massively and given their manufacturers unprecedented influence in technology. 

Nvidia is one of the most profitable companies in semiconductors. It’s able to charge tens of thousands of dollars per chip because supply — from contract manufacturer Taiwan Semiconductor Manufacturing Co. — still can’t meet runaway demand. The company has a gross margin, or percentage of sales remaining after deducting the cost of production, of 75%. Originally derived from PC gaming chips that sold for hundreds of dollars, AI accelerators have seen prices being driven up by incessant demand and, as yet, a dearth of viable alternatives for Nvidia’s offerings.  

Nvidia has also raised prices for its gaming-oriented PC graphics cards, industry news site Tom’s Hardware reported earlier this month.

How Nvidia’s customers react to this latest move and whether it will create an opening for its competitors will likely depend on whether they’re able to secure enough memory themselves. Major customers like Amazon, Microsoft, Google and Meta are all pursuing their own in-house chip programs but are still dependent on purchases from Nvidia for their data center build-outs. Their ability to push forward with greater independence will also depend on their access to supply from Samsung, SK Hynix and Micron. 

The price increases are also likely to add complexity to the industry’s massive AI data center build-out ambitions. Project delays, labor shortages, tightening capital markets and community resistance to developments have already complicated many plans.

Nvidia is reporting fiscal second-quarter earnings next week. The updates by the world’s most valuable publicly-traded company have become a key update for the technology industry and investors who have poured money into AI infrastructure on the promise that it will transform the economy.

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Why do disagreements about vaccines, climate change or elections often feel so personal? Our research suggests it is not simply because other people have different beliefs. It is because we think those beliefs are mistaken.

We are behavioral scientists who study the role of beliefs in politics and everyday life. Our new research finds that people are more disturbed by others’ beliefs when they feel those beliefs are not merely different from their own but are based on incorrect information.

For example, two people may disagree about the ideal level of immigration, but if one believes immigrants commit more crime than U.S.-born residents and the other is convinced the statistics show otherwise, their disagreement becomes a conflict over reality and truth.

That distinction matters because public debate over polarization often starts with a simple idea: People prefer others who think like them – “birds of a feather flock together,” as the saying goes. Social scientists call this belief homophily, and many researchers have studied how these shared beliefs shape friendships, neighborhoods, media habits and political life.

The idea has strong intuitive appeal: People often live near others who share their politics. People also tend to consume news and social media that fit their existing views, a pattern linked to echo chambers and political polarization.

Our research, based on four studies with more than 2,000 U.S. adults, suggests that the story that we and others have formulated is incomplete. People do not react the same way to all disagreements: They are especially bothered when they are convinced that someone is wrong.

Wrong beliefs fuel avoidance

In one study, we asked participants to recall a situation in which another person believed one thing and they believed something else. Some participants described a situation involving different beliefs, while others recalled one with incorrect beliefs. For example, one participant recalled a disagreement about whether couples should live together before marriage, viewing it as a difference in priorities rather than a dispute over reality. By contrast, another participant recalled disagreeing with a friend who believed drinking soda and eating fast food was harmless, a belief the participant considered factually wrong.

Their emotional reactions were dramatically different: Participants who saw the other person’s belief as incorrect reported having felt more disturbed, frustrated and upset than participants who saw the belief as simply different.

In another study, participants first reported their views on divisive topics, such as climate change, capital punishment and policing. Then they saw a hypothetical social media post that opposed their view. The more confident participants were that the author’s belief was incorrect, the more disturbed they felt. They also said they would be more likely to avoid, distrust or block that person. By contrast, being confident that the other person’s belief was simply different – not wrong – did not predict avoidance.

A hypothetical tweet, which says, 'there is no convincing evidence that human activity contributes to global climate change'

Participants in the study were shown a hypothetical social media post to test how they react to opposing views on climate change. Andras Molnar and George Loewenstein, CC BY-NC-ND

Finally, we gave participants short fictional stories – for example, about a neighbor who believed that a politician was corrupt. All participants read the same basic facts. The only change was how we framed the other person’s beliefs.

We told participants that their fictional neighbor had either different beliefs or incorrect beliefs about the politician’s alleged corruption. Though they were given the same information, people were substantially more disturbed when the other person’s belief was framed as incorrect.

Why false beliefs make people frustrated

Our studies point to several possible reasons for why false beliefs feel so upsetting. One is consequences.

False beliefs can often lead to bad decisions. For example, someone’s incorrect beliefs about vaccines or climate change can affect not only us, personally, but also other people we care about, including, in some cases, the person holding the seemingly false belief.

A second possibility is that false beliefs threaten people’s sense of shared reality. People rely on others to make sense of the world. When someone appears to deny what feels obvious or true, the conflict can feel more disturbing than merely having different perspectives.

A third possibility is that people treat false beliefs as signals about the person holding them. When we are convinced that someone is wrong, we may conclude that they are biased or irrational. Psychologists have described this as a sign of naive realism, the belief that we see the world objectively, while those who disagree with us are distorted by bias or self-interest. That kind of judgment can make a false belief feel socially threatening.

Graphic on a red background of a silhouetted businessman standing on a white ledge, looking across a gap at another businessman standing upside-down on an opposing ledge

When people are convinced someone is wrong, they often decide the other person is the one distorted by bias or self-interest. Boris Zhitkov/Moment via Getty

Difference may still matter for close relationships

Our findings do not mean that people are indifferent to differences.

In our social media study, participants were less able to imagine having close relationships, such as family or romantic relationships, with someone whose beliefs differed from theirs, even if they did not consider those beliefs to be false. Shared beliefs and values may matter more when people think about spouses, relatives or close friends than when they think about neighbors, colleagues or strangers online.

But for less intimate relationships, the perception of wrongness was the key predictor of negative feelings and avoidance. People did not want to avoid those who disagreed with them; they wanted to avoid those they believed were mistaken.

This helps explain why some debates become so emotionally intense, especially online. A disagreement about taste or sports may stay harmless, but a disagreement about vaccines, climate change or election integrity can feel different because people often see one side as factually wrong and potentially harmful.

The paradox of fact-based debate

Public discussions often call for more fact-based debate, but we believe such a drive for hard truths may be counterproductive. Facts matter, and empirical evidence should guide debates, but our findings suggest a paradox: When people use facts to defend their preferences, tastes or values, they may turn a disagreement over priorities into a dispute over who is right and who is wrong, potentially turning up the emotional heat.

That shift can make disagreement harder to tolerate. A person can “agree to disagree” about which school policy reflects the right priorities or which candidate best represents their values. It is much harder to agree to disagree when facts are at issue. The nastiness of intellectual disputes, therefore, depends in part on how people frame their positions. Even if the contents of the disagreement are the same, it is very different to say “we disagree” than to say that “you are wrong.”

Andras Molnar, Assistant Professor of Psychology, University of Michigan and George Loewenstein, Professor of Economics and Psychology, Carnegie Mellon University

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You tell an artificial intelligence agent, an AI capable of autonomous reasoning and multistep actions, “Find me a shirt for less than $30, but do not buy it.” The agent finds one – and places the order anyway.

You challenge the charge. The retailer shows the order came through your account. The AI agent provider shows your instruction not to buy. The payment service shows the charge. Each record may be accurate. But nothing in those records links the charge to the task you gave the agent to find – but not buy – a shirt.

A conventional chatbot suggests a shirt and waits. An agent can use your account, contact other services and complete the transaction. One sentence sets off a string of actions across systems run by different companies. Each company can verify only the part it sees. Settling the dispute takes an answer that spans all three: Did this agent, acting for this person, take this action within the limits of this task?

A Senate bill points toward the problem. Sen. Mark Warner (D-Va.) introduced the AI AGENT Act, S. 5051 on July 21, 2026. It defines a “custodial user agent” as one authorized to act for a user in a transparent, documented, limited and revocable manner, and generally requires such agents to keep real-time records of actions taken for users. It also directs the National Institute of Standards and Technology, known as NIST, to identify protocols or develop technical standards for verifying that a user delegated authority to an agent and for keeping auditable records of the actions an agent takes.

But the bill would not expressly require a verifiable evidence chain across the different systems involved, from when a user initiates a task to the final outcome. In the shirt scenario, such a chain would link the user’s instructions to the agent, the agent’s actions and the records held by the retailer and the payment service.

A look at how a verification system could be designed offers some insight into some of the technical challenges AI agents are poised to introduce.

What the marketplace can see

My doctoral research used years of data breach records to follow organizations over time. It depended on stable identifiers, which are labels or numbers that point to the same organization or event across different records. When the identifiers changed or failed to match, one history fractured into several incomplete ones.

An agent purchase has the same weakness: The retailer may recognize the AI agent provider without identifying the particular agent, and the payment service may label the same customer differently. Matching the user, provider and particular agent across those records gets investigators to the transaction – but they still need something to show that the user granted authority for that task.

In technical systems, a credential is data that a system accepts as evidence of identity or authority. Many websites use OAuth, an industry-standard security protocol for delegating authorization to access online services in a way that protects users’ credentials such as passwords. It generates an access token that an application presents to gain access to a protected service.

That standing authorization may have been approved weeks earlier. The application may still obtain or present a valid access token that permits checkout today, even when the current instruction says to search but not buy. The retailer sees a usable token and carries out the transaction. In that arrangement, the task-specific restriction against buying remains inside the AI agent provider.

The evidence has to travel

For this kind of accountability to work, five things would have to be in place: a verifiable binding among the user’s account, the agent at a specific time and the task; limits specific to that task; verifiable linkage across the transaction; a check before each action; and records whose later alteration can be detected. Payment systems have begun assembling those pieces.

The first record identifies the authenticated user account that approved the task and the agent that received the authority. The retailer cannot rely only on the AI agent provider’s name. The provider binds the account, agent and task in an authorization record and digitally signs it, allowing the retailer and payment service to verify who issued it and whether it has been altered.

The AI agent provider also preserves the original request and converts it into limits that other systems can enforce. For the shirt task: search for 15 minutes, no purchase, no passing purchasing power to another agent. Before the agent begins, the user sees and approves that structured version. If the translation is wrong, investigators can compare the rule against the words behind it.

two robot hands, one holding a magnifying glass and the other a pen, over a paper document

The evidence of your instructions to your AI agent needs to be verifiable by different systems at each step as the agent carries out a task. Otherwise, how do you prove that the agent did – or did not do – what you told it to? AndreyPopov/iStock via Getty Images

One way to create that linkage is for a task reference to travel with each request. It is unique to one job, encodes no name, account number or other direct identifier, and appears in every participating company’s record. Engineers already use a related device, a trace identifier, to correlate events from one operation as it moves between services.

The task reference links scattered records to one job. It does not itself confer authority. The task reference must therefore be bound to the user’s approved rule in the agent provider’s digitally signed authorization record. Because even a random identifier can link activity across services, it should be short-lived and visible only to companies participating in the task.

Someone then has to check the rule where the money moves. At checkout, the retailer validates the signed authorization record and evaluates the proposed purchase against it. A prohibition on buying stops the transaction even when the application has broader account access. A bank transfer or release of medical records could trigger fresh confirmation. Any authority passed to another agent must retain the same task reference and remain within the original limit.

After the decision, the retailer’s system records the agent, task reference, rule evaluated, time, decision and outcome. The payment service retains the same reference, and the provider keeps the instruction and approved rule. Each company keeps a tamper-evident record, so later changes can be detected. The user gets a plain-language receipt: “Your agent searched three stores and attempted checkout. The purchase was blocked because buying was not authorized.”

Google’s Agent Payments Protocol, or AP2, meets some of these requirements. It creates records that can show the user’s approved limits and the information presented to each participant when a transaction is disputed. AP2 shows how the evidence could travel. It does not decide who bears the loss or specify how long each company must keep that evidence and how it can be retrieved later.

Beyond NIST’s initial scope

NIST is reviewing comments on its February 2026 draft concept paper about agent identity and permission. It asks how an agent can prove its authority, connect that authority to a person and produce verifiable records.

Its proposed initial effort covers agents operating inside organizations, where greater control and visibility can be maintained over the agents and the systems they access. The paper excludes agents arriving from untrusted outside sources from this initial effort, though it says public-facing or individual agents could be addressed later.

Consumer agents crossing company boundaries represent the case NIST deferred. Each company keeps its own identifiers, authorization language and retention rules. A dispute can stay unresolved even when each company produces its records exactly as stored.

A dispute over a $30 shirt might be easy to wave off, but the records can fail in the same way when an agent moves $40,000, submits a benefits appeal or requests a prescription refill in your name. In those disputes, it might not be difficult to prove that the agent was allowed into the service. It’s another matter to prove whether you did or did not authorize the agent to do what it did on your behalf.

Aashis Luitel, Associate Teaching Professor of Artificial Intelligence, University of the Cumberlands

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The federal government is injecting millions of dollars into efforts to combat feral hogs – and it’s considering spending even more in the coming years. The problem has grown for decades, but our research has found that a recently revived federal effort offers the potential for bringing the hogs under control.

Feral swine roam in 35 states, according to the U.S. Department of Agriculture. The most recent population figures, from 2016, estimated that 7 million feral pigs were loose in the nation then. That number may be much higher today: Feral hogs breed year-round and each year can produce up to two litters of four to 12 piglets per litter. Feral hog populations have been estimated to be able to double in just four months.

The U.S. Department of Agriculture estimates that wild pigs do between US$2.5 billion and $3.4 billion in property damage each year. At least $800 million of that is destruction of crops.

Beyond crops, feral hogs spread disease to livestock, damage farm infrastructure such as fences and roads needed for agricultural production, destroy recreational parks and cause extensive environmental damage to wildlife habitats, water quality and plant ecosystems.

They’re hard to control because feral hogs roam across large areas of privately owned land. If neighboring landowners don’t work together, the hogs just move rather than being killed or contained. Basic economic theory says landowners would wait for others to spend the time, money and energy to control hogs – which means nobody does, and the problems grow.

A pile of turned-up mud and dirt in the foreground, with grasses and shrubs in the background.

Feral hogs can tear up vegetation, disturb the soil and otherwise damage land and property. AP Photo/Gerald Herbert

An initial test

In the 2018 Farm Bill, a major piece of legislation covering wide areas of agricultural policy, Congress agreed to spend $75 million to encourage private landowners to step up together to kill feral hogs.

That program was active in selected counties in 10 hog-plagued states: Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina and Texas. Starting in 2020, the U.S. Department of Agriculture funded private landowners’ purchases of trapping equipment, on-farm trapping efforts and restoration of land the hogs had damaged.

Originally slated to end in 2023, the program was given $105 million more to spend through 2029 in the major budget and immigration package Congress passed in July 2025. Through Sept. 21, 2026, the government is accepting grant applications for the first $35 million allocation from that money.

The Farm Bill that has passed the House and is awaiting debate in the Senate would increase that funding by $150 million and extend the effort through 2031.

A useful question, before spending all that money, is how effective the first test of the program was.

The shadow of a helicopter looms over several hogs traversing grassland.

Hunting feral hogs from helicopters is just one way people have sought to control their spread and damage. AP Photo/Eric Gay

Reducing hogs’ damage to cornfields

Our research team of agricultural economists at the University of Tennessee and the University of Arkansas set out to examine the program’s performance.

We used federal data on crop insurance claims to compare crop damage in counties where the program was active against counties where it was not, both before and after the federal trial began.

Not all the counties reported crop damage from wildlife. Among those that did, counties where the program wasn’t operating had crop insurance claims for wildlife damage to corn that averaged 70 acres (17.5 hectares) per policy.

In counties where hog eradication efforts were coordinated, however, the average claim for cornfield acres damaged from wildlife declined to 10 acres per policy. That is a statistically significant result – and given the scale of corn production across the study region, it represents a meaningful reduction in losses.

When comparing crop insurance claims for soybeans, wheat, cotton and peanuts, however, we found no difference between counties with active hog control efforts and those without.

A way forward

Corn is reportedly the crop most commonly damaged by feral swine. That could help explain why we found cornfields to have the only statistically significant reduction in damage.

More generally, the program’s effectiveness may have been more limited because it launched during the COVID-19 pandemic, which restricted the community meetings and public outreach that could have boosted landowner participation. Also, the fact that it was a pilot effort may have made people reluctant to commit, fearing the program might disappear in a few years.

It is likely our study underestimates the benefits of the program. Some farmers have crop damage that is not severe enough to warrant an insurance claim, so those numbers are excluded from our analysis. And our study did not evaluate any potential changes in noncrop damage from feral hogs, such as to property, livestock, recreational parks and the environment in general.

Our research indicates the hog control program can be effective and offers several ideas for improving it, both over time and with more funding. For instance, if the efforts focused specifically on corn-producing counties, it might yield more success per dollar invested. And expanding participation through additional outreach efforts could mean more hogs are caught or killed across a wider area, amplifying the return further.

Feral hogs will be nearly impossible to eradicate completely, and the damage they cause isn’t going away either. The data suggests that with the right design and sustained investment, the federal government has a program that can make a real difference for America’s farmers.

Chris Boyer, Professor and Department Head, Agricultural and Resource Economics, University of Tennessee; Aaron Smith, Professor of Agricultural and Resource Economics, University of Tennessee, and Eunchun Park, Assistant Professor of Agricultural Economics and Agribusiness, University of Arkansas.

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Alexandra Edmondson and James McIntosh will be married in a park near Bondi Beach on November 20, 2026. Their love story began less than a year earlier, on December 14, 2025, in the middle of a terror attack that took the lives of 15 people.

Edmondson and McIntosh had just completed an eight-week course on water safety and resuscitation techniques. They had become friends during the program and planned to attend the Bondi Surf Club Christmas party together that fateful Sunday.

Edmondson and McIntosh became friends during a course on water safety and resuscitation (credit: Courtesy)

As the friends walked toward the beachfront, they heard what sounded like gunshots. McIntosh immediately covered Edmondson and hid with her as he tried to get his bearings and understand what was happening.

“We were hiding in this spot, and then it became apparent the gunshots were moving,” Edmondson recalled in an interview with The Jerusalem Post. “Jimmy decided he needed to get his visual on the actual shooters, as we were not sure if they were coming toward us.”

McIntosh moved to get a better view of the shooter, while Edmondson headed toward the surf club as shots were still being fired. Eventually, the shooting stopped, and both, trained in first aid, headed out to help the injured.

At first, each was assisting someone else. Then they came together to help a man who had been shot in the leg. Edmondson recalled that he was in tremendous pain, but because his life was not in immediate danger, it would be a while before he could get to the hospital. They worked together to move him to the paramedics, where he could be triaged. After helping others, Edmondson and McIntosh ultimately drove him to the hospital themselves.

It was one of the most traumatic days in recent Australian history, including for Edmondson and McIntosh. They spent it together, and when it was finally over and the man they had helped was safely at the hospital, they tried to return to collect Edmondson’s belongings from the surf club.

Everything was blocked off, so she had to find another way to get into her house. Her wallet and phone remained at the scene, and it would be days before she could retrieve them. McIntosh stayed with her, helped make sure she connected with people who might be worried about her whereabouts and made sure she got home safely.

“We were always just friends,” Edmondson told the Post.

But in the days following the attack, the two found themselves together at a number of events, and slowly they began to realize there might be something more between them. One afternoon, they were at the grocery store together, and the tension was palpable. They both wanted to connect, but it did not seem like the right time or place in the aftermath of the Bondi attack. After a few flirtatious exchanges, however, McIntosh finally asked to kiss Edmondson. The rest is history.

Looking back, Edmondson said perhaps she should have known. Here was a man whose first instinct when the Bondi attack began was to grab her, hide her and protect her. He was someone who stayed calm under pressure and put his own safety at risk to help others.

“I realized how deep his love and care for his community really was,” Edmondson said. “In the days after Bondi, everyone was so raw and really just wore your heart on your sleeve.”

But their relationship with each other was not the only connection that began to form. In the days after the attack, Edmondson and McIntosh also grew closer to the Jewish community.

Edmondson told the Post that she had not realized how frightening it could be to live as a Jew in Australia, and she wanted to stand with the Jewish people.

“No one deserves to be scared, and I had no idea because I had been so ignorant about what was going on,” Edmondson said.

In the days that followed the Bondi attack, she and McIntosh spent time at the park and attended a ceremony for first responders at the local Central Synagogue. Rabbi Levi Wolff shared the couple’s story, and Edmondson said the community was extraordinarily supportive and enthusiastic.

The couple eventually asked Wolff to marry them. Their wedding will be the first non-Jewish wedding he has officiated at Bondi Beach.

“One of the saddest results of Bondi was that no one felt safe at the beach anymore,” Edmondson said. “So we thought one thing that would be impactful would be bringing back to that space some beauty.”

They chose a small grassy area near the beach for the ceremony, where they will tie the knot.

“I want the Jewish people to know I fully support them,” Edmondson said, adding that she deeply respects the Jewish values she has learned about over the past year and wants to begin her marriage rooted in that value system.

The Jerusalem Post’s first-ever Australia Summit will take place in Sydney on November 19, the day before the couple’s wedding. Attendees will have the opportunity to meet Edmondson and McIntosh and hear their story firsthand. The summit will be preceded by an invitation-only gala at Central Synagogue.

To learn more about the Australia Summit or becoming a conference partner, visit the conference website at www.jpost.com/australia2026 or contact conferencep@jpost.com.

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The Altalena ship was located intact on the seafloor 78 years after being sunk following an altercation between the IDF and the Irgun in 1948, National Security Minister Itamar Ben-Gvir and the Heritage Ministry announced on Monday.

The Heritage Ministry said the ship was found at a depth of 503 meters, some 20 kilometers off Israel’s west coast.

The Altalena arrived in Israel with new immigrants, weapons to fight in the Independence War, and fighters from the Irgun, a paramilitary force that operated before the independence and was absorbed into the IDF.

Although it was technically dissolved after the declaration of independence in June 1948, the Irgun kept operating separately from the IDF until September of that year.

The Altalena Affair started after a disagreement between the then Prime Minister David Ben-Gurion and the then Irgun leader Menachem Begin, who were fighting over how to divide the weapons inside the ship.

The Altalena memorial on Tel Aviv beach. (credit: DR. AVISHAI TEICHER PIKIWIKI ISRAEL)

The discussion ended with the IDF shelling the Altalena, which destroyed the ship and left it heavily damaged and abandoned. During the fighting, 19 people were killed: 16 Irgun fighters and three IDF soldiers.

The ship was then abandoned in Frishman Beach in Tel Aviv, while it was towed 15 miles out and sank in 1949, in an effort to clear the area.

Discovery of Altalena is ‘defining moment,’ Heritage Minister says

“Tonight we are closing a historical circle on one of the most painful and formative events in the history of Israeli society,” Ben-Gvir said.

“We have been dealing with this issue secretly for many years, and today – the fruits of the intelligence and operational effort have borne exciting fruit for the sake of historical truth, the memory of the fallen, and unity with Israel.”

“The discovery of the Altalena is a defining moment for our national memory,” Heritage Minister Amichai Eliyahu stated. “We worked on this operation out of a deep-seated mission to reveal the historical truth and make the story of the ship’s heroes accessible to future generations.”

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An IDF officer was moderately injured in a friendly fire incident at the military engineering school in the Arava area, the military confirmed on Monday.

The officer was evacuated to receive medical attention at the hospital, and his family was notified.

The IDF stated that the military had launched an investigation into the event.

 IDF operatives in Lebanon, February 3, 2025. (credit: IDF)

IDF soldier killed in friendly fire in Gaza Strip

In February, St.-Sgt. Ofri Yafe, 21, was killed in a friendly fire incident in the Gaza Strip, the IDF announced.

Yafe was a fighter in the Paratroopers Reconnaissance Unit and was originally from Kibbutz Megiddo in northern Israel.

According to media reports, Yafe was hit by friendly fire during a nighttime operation by paratrooper forces in the Khan Yunis area. He was reportedly critically wounded and was taken to receive medical treatment before he was pronounced dead.

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Dutch broadcaster AVROTROS will not participate in the 2027 Eurovision Song Contest, it announced on Monday, citing the ongoing conflict in Gaza and a “lack of neutrality” within the EBU.

According to AVROTROS Director-General Taco Zimmerman, “The Eurovision Song Contest was originally created to bring people and countries together. It is undeniable that international conflicts are increasingly affecting the Contest, undermining its neutral character.”

The broadcaster noted that it had returned the responsibility for Dutch participation in the Eurovision to the NPO, an umbrella organization which handles the Dutch public broadcasting system, and that the NPO would determine whether another state broadcaster would take over the role of broadcasting the Eurovision.

Israeli singer Noam Bettan, representing Israel with the song 'Michelle' answers journalists after the final of the Eurovision Song Contest 2026 (ESC) at Wiener Stadthalle in Vienna, Austria on May 16, 2026.  (credit: Tobias SCHWARZ / AFP via Getty Images)

Dutch broadcaster demands clear framework for participation assessment

AVROTROS added that it needed a clear framework to assess which countries involved in military conflicts would be allowed to participate in the competition.

“As a public broadcaster, we remain committed to our values,” Zimmerman stated. “They guide us in everything we do, even when that means stepping away from an event that is very close to our hearts. That is painful as we would have very much liked to be part of the Contest again next year.”

AVROTROS was among the countries that withdrew from the 2026 Eurovision competition due to Israel’s participation, alongside Spain, Ireland, Iceland, and Slovenia.

This is a developing story.

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A Hungarian Gripen fighter jet crashed near the town of Szolnok on Monday, with the pilot successfully having ejected from the plane, Prime Minister Peter Magyar said in a Facebook post.

The cause of the accident remains unclear, and Magyar said there were no injuries or casualties. He added that no civilian infrastructure was harmed.

This is a developing story.

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A 14-year-old from central Israel is suspected of extorting two peers through threats, demanding money and clothing items in exchange for “protection,” police stated on Sunday.

According to the allegations, he contacted the other children via TikTok and threatened physical harm if they did not give him what he wanted.

Police received several complaints regarding the minor earlier this month, and an investigation by the Youth Division at the Tel Aviv South police station revealed that two minors had paid him portions of the requested amounts on several occasions; however, the suspect allegedly continued to demand further payments.

In one text message, he wrote to a victim: “Listen, today you only brought 700. Tomorrow bring me another 250 shekels, and we’ll settle this, and if anyone bothers you, call me.”

In another message, he wrote: “You don’t give the money to anyone else; you only give it to me.”

Tomorrow, Bring me 250 Shekels and we'll settle it.'' (credit: POLICE SPOKESPERSON'S UNIT)

Money, clothes, and ‘protection’

According to the indictment, the demands were not limited to cash. The message exchanges also included demands for items of clothing.

“Just bring it tomorrow – I’ll give you the shirt, you bring 260 shekels, and that’s it. And if anyone bothers you, call me,” read one message. Later, the suspect allegedly wrote: “I’ll give you the shirt back; we don’t like it.”

The messages were discovered after the parents of one of the minors noticed the messages on their son’s phone. After reading the texts, they took him to the police station to file a complaint. During the investigation, detectives identified a second minor who was allegedly extorted in a similar manner.

On August 19, the 14-year-old was arrested and taken in for questioning. His remand was extended periodically by the Tel Aviv Juvenile Magistrate’s Court.

Today, the Youth Prosecutions Unit of the Tel Aviv District filed a prosecutor’s statement against the suspect, and an indictment is expected to be submitted against him in the coming days.

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At an off-site leadership meeting held by Moderna in March 2023 — after mid-stage results of the biotech company’s cancer vaccine showed promise — CEO Stéphane Bancel had the floor. He asked if any of the 100 or so executives present had expected the experimental treatment to succeed. If they did, he said, please stand up.

Stephen Hoge, Moderna’s president, was standing on stage. He sat down. Then, Hoge recalled in an interview with STAT, Bancel sat down, too.

“None of us believed it,” Hoge said. It had taken time before he remembers feeling, “Oh my gosh. This is real.”

The rest of the world remained skeptical until last Wednesday, when Moderna and Merck revealed that a 1,137-volunteer study had shown the vaccine reduced the odds that melanoma that had been surgically removed would return or spread. Up to that point, investors were betting against Moderna’s stock. Even after the news, some observers argue researchers should wait for fuller data — while longtime skeptics of Moderna’s core mRNA technology do the same.

Top-line results from large pharmaceutical firms are rarely reversed when full data emerge, but doubt is nothing new for Moderna’s cancer treatment, called intismeran autogene. It has always been the breakthrough no one quite believed in.

Continue to STAT+ to read the full story…

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WASHINGTON — The Trump administration plans to use a new approach to deny Medicaid coverage of drugs for gender-affirming care. The precedent it sets could be used to avoid paying for other drugs, too, upending an expectation that Medicaid covers the vast majority of prescription medication.

The Centers for Medicare and Medicaid Services issued a final rule this month barring the use of federal Medicaid and CHIP funding to pay for pediatric gender-affirming medications and surgery. The rule, set to go into effect Oct. 13, attracted attention because it’s the latest development in the administration’s campaign to halt transgender health care for young people.

But Medicaid experts say the rule could set a precedent for denying coverage of drugs and other services beyond gender-affirming care. In general, Medicaid must cover most outpatient drugs approved by the Food and Drug Administration for medically accepted indications, as long as drug companies agree to pay significant rebates to Medicaid to be part of the program.

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The Food and Drug Administration says it is developing a plan for how to regulate medical devices that use generative artificial intelligence.

The FDA will eventually release documents spelling out agency policies regarding the technology, Rick Abramson, director of the agency’s Digital Health Center of Excellence, told STAT.

“Our goal is formal policy guidance,” he said in an interview. “The ecosystem is expecting clarity. We seek to provide that clarity, and I’ll also throw in that I think the ecosystem can expect not only broad guidance on the overall topic of generative AI, but also some more narrowly constructed specialty guidance on particular generative AI topics of special interest or special complexity.”

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This story about nurse practitioners was produced by The Hechinger Report, a nonprofit, independent news organization focused on inequality and innovation in education. Sign up for the Hechinger higher education newsletter.

CHICAGO — Midway through her graduate nursing program, Yesenia Raithel Vargas made a desperate plea to a Facebook group for other moms in Chicago: Does anyone know a licensed therapist willing to let her sit in on sessions and work with their clients under their supervision? It was a strange ask in the therapy world, which is one reason Raithel Vargas had resorted to Facebook.

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During a recent shift in the emergency department, I helped care for a woman facing a suspected oncologic emergency. She had come to the hospital expecting a routine evaluation, but suddenly found herself confronting conversations about diagnoses that could fundamentally change her life.

When I first entered the room, she was visibly nervous. Her family, gathered around the hospital bed, looked equally concerned. I introduced myself and shook her hand. I then shook the hands of the family members standing beside her.

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After nearly 40 years in clinical medicine, I retired in 2022. While I expected to feel a sense of freedom, quitting medicine brought me an unexpected sense of loss over the thought of decades of accumulated knowledge, experience, and judgment suddenly going to waste.

Volunteering at a nonprofit community clinic gave me the chance to continue using my knowledge and skills. But it also taught me firsthand what I had not learned in private practice: For millions who must pay out of pocket for their health care, the options are very limited. Both community clinics and retired doctors are underutilized resources.

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Oman’s Foreign Minister Sayyid Badr Albusaidi will visit Tehran on Tuesday to continue talks between Iran and Oman on the Strait of Hormuz, Iran’s Foreign Ministry Spokesperson Esmaeil Baghaei said on Monday.

On Sunday, Baghaei said the army chief of Pakistan, which has mediated between the United States and Iran, will visit Tehran on Monday.

Free passage for cargo ships through the Strait of Hormuz has been one of the primary issues in talks with Iran, with Iran and the US frequently contradicting each other on whether the strait was open or closed and which country had control over it.

On Saturday, Iran’s state news agency IRNA reported that Iran had granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad through various channels.

Vessels at the Strait of Hormuz, as seen from Musandam, Oman, June 18, 2026. (credit: REUTERS/STRINGER/FILE PHOTO)

IRNA said obtaining special permission for Iraqi tankers was one of Baghdad’s main requests during Iranian parliament speaker Mohammad Bagher Ghalibaf’s visit to Iraq.

Iran claims Strait of Hormuz deal with Oman in final stages

Earlier this month, Iran said that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the strait would only reopen once the United States met other conditions.

Iran and the US are not engaged in talks, and Tehran will not start them as long as Washington breaches an interim deal signed in June, Iranian Foreign Minister Abbas Araghchi said at the time, adding that messages are being exchanged via intermediaries.

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Eight Sleep, the startup behind the $2,999 mattress cover that puts both Elon Musk and Mark Zuckerberg to sleep, wants to stop being known for the celebrities who use it. Instead, the company is pursuing FDA clearance to detect and treat sleep apnea, a pivot it hopes will turn a bougie tech gadget into a business that insurers, not just billionaires, will pay for.

Matteo Franceschetti, Eight Sleep’s cofounder and chief executive, told Fortune the company’s filing with the FDA is progressing “fairly smoothly.” The company began pursuing clearance with the FDA for its sleep apnea detection and mitigation technologies in 2025 and is conducting clinical studies in support of its submissions.

Currently, the company has only published one independent study on the Pod’s benefits, alongside several study preprints that were both directionally positive but not yet independently verified. There are several studies, however, funded by Eight Sleep, on sleep apnea that have been published in scientific journals. Eight Sleep also collects and has a massive cache of user data that, when aggregated and de-identified, can be used to identify broader trends and support research, reports, and studies on sleep and health. 

FDA clearance for sleep apnea detection would likely put Eight Sleep in more rigorous regulatory lane as Apple’s Watch and Samsung’s Galaxy Watch and Ring, both cleared by the FDA since 2024 to flag sleep apnea “risk.” The FDA has a lower bar for the detection of apnea—snoring so bad that the sleeper stops breathing—than diagnosis.

Eight Sleep is pursuing the more clinical prescription-based diagnostic aid of which there are also existing home sleep-testing devices. While the Apple Watch can tell users they have signs of apnea, Eight Sleep is hedging it will be able to quantify apnea events per hour.

In August 2026, Eight Sleep also began a clinical trial with Abu Dhabi’s Department of Health, testing whether its product, the Pod, can automatically reposition sleep apnea patients, and therefore become an alternative to a CPAP machine. U.S. consumer health-tech firms are increasingly using the emirate’s Department of Health as a springboard for medical credibility. Just weeks before Eight Sleep’s announcement, Oura signed its own joint research program with DoH on women’s health and cardiometabolic risk, while Whoop landed a $75 million investment and research partnership with Mubadala to validate its biomarker labs in what became its first market outside the US.

The goal, Franceschetti said, is to get insurers to treat the Pod like a medical device rather than an out-of-pocket luxury. The company told Fortune it’s actively working on making the Pod more affordable, though it isn’t yet clear how it gets there without a different cost structure.

Eight Sleep’s Pod already qualifies for HSA and FSA reimbursement through the fintech Truemed. Whether regulators ultimately agree it treats a condition, rather than merely tracking one, remains an open question.

Matteo Franceschetti (seated) and Alexandra Zatarain

Courtesy of Eight Sleep

The Pod sits atop your mattress and connects to a hub that pumps heated or cooled water through internal tubing, with each side of the bed running its own heat zone. Built-in sensors track heart rate, breathing, and movement, and an AI model adjusts temperature through the night and generates a sleep score. Automatic control and tracking require an ongoing $199-to-$399 annual subscription; without it, users get manual temperature buttons only.

Both billionaires are among executives, athletes, and celebrities who credit the company with transforming their sleep. Formula 1 driver Charles Leclerc is on its investor cap table and F1’s Aston Martin Aramco signed on as a team partner in February 2026 in a reportedly “eight-figure” deal. 

In March, Eight Sleep raised $50 million from Tether, the company behind the world’s biggest stablecoin, at a $1.5 billion valuation. Last year, the company was profitable. Franceschetti’s ambition, he told Fortune, is to become “the biggest health technology company in the world.”

From Milan to San Francisco

Franceschetti is neither an engineer nor a doctor. He trained as a securities lawyer at a large Milan firm, in a family of lawyers, judges and doctors, and describes himself as “the bad guy” for straying into business; his father’s death at the end of 2008 pushed him toward something riskier. He calls himself part race car driver, bold and ambitious, and part lawyer, intellectually disciplined, a combination he credits for keeping a hardware startup alive against long odds.

In 2014, Franceschetti, Massimo Andreasi Bassi, and Alexandra Zatarain started Eight Sleep out of a garage, where the team built its first prototype and threw a “pajama party” to demo it for investors. Zatarain, then 24, wrote the pitch deck in a few hours and joined that night; she is married to Franceschetti and now runs brand and marketing, while Bassi became chief technology officer. An Indiegogo campaign brought in more than $1.2 million (well over the $100,000 goal) and about 8,000 pre-orders before the product existed, proof of demand the founders used to get into Y Combinator’s 2015 class after two rejections.

The decade since has been a steady climb through funding rounds rather than one big break: a $14 million Series B in 2018 led by Khosla Ventures, an $86 million Series C in 2021 near a $500 million valuation, a $100 million Series D in August 2025 near $1 billion, and the Tether round in March 2026 that pushed the valuation to $1.5 billion.  The company has raised more than $310 million total.

The numbers behind the hype

Eight Sleep has never disclosed revenue, and Franceschetti dodged specifics with Fortune. Third-party estimates pegged 2025 revenue at roughly $264 million, flat with 2024, though Franceschetti disputes that, saying revenue has grown “close to 30x” since the Pod’s 2019 launch, that the company was profitable in 2025, and that cumulative Pod sales exceed $500 million. Eight Sleep now sells in 35 countries, including a 2026 launch in China.

“If you look at the DNA of our people, the way we think, probably Oura, Whoop, Garmin, we’re probably in the same ballpark,” Franceschetti said, noting roughly 85% of Eight Sleep customers already own a wearable. His pricing analogy is Tesla: the Pod is the Model S, a premium flagship meant to fund cheaper models later. “We don’t want to be luxury at all,” he said.

The smart-mattress category Eight Sleep wants to escape just delivered a cautionary tale. Sleep Number, the unit-share leader, filed for Chapter 11 in June 2026 with $672 million in debt after net sales fell 16%; Sleep Country Canada bought its assets a month later for $701 million. Eight Sleep, direct-to-consumer with roughly 100 employees, says it has avoided that trap.

Market-size estimates vary widely, from a $1.87 billion global smart mattress category to nearly $5 billion by other counts. Franceschetti’s preferred comparison is wearable-health brands: Oura, valued around $11 billion, and WHOOP, valued at $10.1 billion. “We see ourselves as a completely different market that literally doesn’t exist,” Zatarain told Fortune.

The problem Eight Sleep is chasing is real regardless of which market number is right. Roughly 30.5% of American adults sleep fewer than seven hours a night, per the CDC, and RAND Europe estimates insufficient sleep costs the U.S. up to $411 billion a year. The American Academy of Sleep Medicine says undiagnosed sleep apnea alone costs the country nearly $150 billion a year, the exact condition Eight Sleep’s FDA filing targets.

From charity to business plan

Franceschetti said the most consequential part of Eight Sleep’s future has nothing to do with billionaires or race cars. He recalled a doctor at a major U.S. medical institution emailing him about an underage patient whose medical condition prevented her from regulating her own body temperature; her family couldn’t afford a Pod. 

“Cancer will be a big market for us,” he said, describing patients whose hormone-related treatments disrupt temperature regulation.

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When the July Jobs Report was released by the US Bureau of Labor Statistics, the headlines were understandably dominated by the drop in overall nonfarm payroll employment. Look beyond the headlines, however, and you’ll find an economic comeback story that was easy to miss: the growth of temporary help services. 

The facts are clear. Out of more than 300 industries analyzed by BLS, temporary help services has added the second-highest number of jobs in 2026. It’s also shown growth every month this year, including 3,400 jobs in July. One in ten jobs created this year have been temporary positions.

So what’s driving the return of temporary work? 

As the chief economist at the American Staffing Association, which represents third-party staffing and recruiting firms, I’ve been closely tracking the return of temporary help services after a multi-year decline. I believe this recovery goes beyond the staffing industry. It coincides with shifting perceptions of work with the potential to change the way employers and employees interact with each other.

Contract employment is becoming a popular avenue for young adults seeking an entry point into the workforce. When the BLS last examined contingent work in 2023, young adults under the age of 24 were four times more likely than prime age workers and six times more likely than older workers to hold contingent jobs. An ASA-i360 survey suggested that 40 percent of temporary workers in 2025 were between the ages of 18 and 29.

This format of work is uniquely appealing to young job seekers in an uncertain labor market. The ability to hold multiple assignments at once, or in addition to a full-time job, aligns with young job seekers’ aversion to relying on one employer for economic security. The autonomy afforded by such arrangements also resonates with a generation of young workers who are less willing to trade their time and well-being for the uncertain promise of a long-term career.

But young workers are not embracing temporary employment by themselves. Their choices are coinciding with employers’ own preferences for such arrangements as well. At a time of rising inflation as well as increased economic uncertainty, employers are turning towards project-based hiring as a way to limit costs and avoid another episode of over-hiring like the Great Reshuffle.

That shift is visible in the business received by staffing companies today. Demand for temporary workers is rising in many segments of the labor market such as construction, transportation, professional services, healthcare and government – not because these industries have suddenly embraced contract work, but because employers are seeking the ability to adjust their workforces as conditions change.

Together, shifting preferences among employers and young job seekers in favor of contract work are reshaping the terms of employment around greater autonomy and adaptability. Employers are willing to trade the stability of a permanent workforce for the flexibility to adjust to volatile market conditions like rising cost pressures as well as economic uncertainty. At the same time, young workers are willing to trade the stability of a traditional career path for flexibility over how they work and what they gain from it.

Naturally, this kind of rugged individualism poses risks to the broader labor market. As workers gain more autonomy over where they build their careers, employers will have to fight for their headcount through investments in culture and retention. Otherwise, they could realize substantial disruptions to their knowledge pipelines and productivity, just as increased retirements as well as lower levels of immigration constrict the number of eligible job-seekers available to them.

As employers exercise their freedom to execute short-term adjustments in headcount, workers will have to assume more accountability for building long-term careers out of each assignment and every experience. They will also require robust safety nets to seamlessly transition between contracts. Initiatives like microcredentialing programs, unemployment insurance, and portable benefits could limit the severity of future labor market downturns by supporting this growing cohort of workers.

Temporary help services employment often stands at the forefront of changes within the broader labor market, and its recent pickup signals more than a mere rebound in demand. It is just beginning to rise at a time when both employers and young adults are increasingly viewing contract work as a new kind of security within an uncertain labor market.

But with the flexibility afforded by contract work comes responsibilities for both sides. Employers will have to compete more aggressively to attract the employees they need, while workers will have to be more deliberate about turning short-term assignments into long-term careers. As permanence becomes harder for either side to promise, the flexibility to adapt might become the most valuable form of security in the labor market of tomorrow.

Noah Yosif serves as Chief Economist at the American Staffing Association (ASA). He is also a member of the Economic Advisory Committee of the World Employment Confederation (WEC).

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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On Dec. 13 last year, a stranger in a Brown University bathroom noticed a man dressed head to toe in black, wrong for the weather, mere hours before that same man opened fire on Brown University’s campus, killing two and wounding eight before vanishing. Investigators had almost nothing: no name, no plate, just a tip describing a gray Nissan with Florida plates. But that was enough: Providence police ran it through a network of more than 70 Flock Safety cameras, which reached back through 30 days of history, and found the car had passed 14 times since December 1st. “We were able to find the vehicle on Flocks, actually get the actual plate, learn that it was a car rental,” said the Providence police chief. Police tracked the car thanks to Flock and traced him to a storage unit in New Hampshire less than a week after the shooting.

Somewhere in Florida, at almost the same time, a different man was looking into Flock-collected data, but for an entirely different reason. Officer Christopher Goodson wasn’t hunting a stranger, but was watching for his estranged wife. Using his department’s access to Flock, he logged more than 700 unauthorized inquiries into her vehicle between Sept. 2024 and June 2026, and was arrested just last week.

Flock Safety has spent nine years promising to solve crime. At the same time it may have built the most pervasive surveillance network in American history—one that is increasingly drawing loud pushback from advocates worried about what’s been collected, and who has access to the data.

Flock’s network of solar-powered cameras doesn’t just record license plates, they log the make, model, color and identifying details of every vehicle that passes in more than 5,000 communities across 49 states. Then law enforcement offers can search that data using natural-language descriptions (for example car color or a bumper sticker) across thousands of jurisdictions simultaneously. Theoretically any police department with a Flock contract can reconstruct where you drove, when, and how often. The company says data belongs to its customers and is typically deleted in 30 days. But Fortune found the LAPD’s own Inspector General discovered that at least one Flock contract lets the company retain data for five years and use it for “any purpose in Flock’s sole discretion.”

The backlash is intense, and keeps growing: Residents in 36 states have vandalized or destroyed the automated license plate recognition (ALPR) cameras, 82 contracts have been terminated since 2021, and city council chambers from Boston to Santa Clara have become battlegrounds over a technology most residents didn’t know was watching them. Says Anne Toomey McKenna, a privacy attorney and visiting law professor at the University of Richmond: “Our Fourth Amendment was not designed for the persistent and pervasive surveillance environment which we live” in. She called it a “Catch 22″—the Supreme Court has ruled that accessing someone’s location data is a search requiring a warrant, “but then we step into this gray area” once police simply buy the data instead of compelling it.

When reached for comment regarding the controversy, Flock CEO Garrett Langley told Fortune that the company was started to solve crimes. “Every day, Flock helps solve crimes that would otherwise go unsolved. From finding missing children, to solving murders, violent crime, and recovering stolen vehicles, Flock gives investigators leads they didn’t have before,” Langley said. “That impact is why we started Flock, and it drives every decision we make about how this technology should be built and governed.”

It has been a very lucrative enterprise thus far. Flock is backed by blue-chip VC investors including a16z and Tiger Global. The nine year old startup told Fortune in April it had raised $500 million at an $8.3 billion valuation, has taken in $1.2 billion total, and crossed $500 million in annual recurring revenue in the first half of 2026. The company has now expanded into video, gunshot detection, drones, and AI-powered search software. The company confirmed to Fortune that over half of new revenue is non-license plate readers.

“We are setting a baseline that we believe the industry should follow with our recent privacy enhancements and measures to proactively address officer abuse,” Langley continued. “Local communities, not Flock, decide their sharing rules, offense filters, and retention windows,” he continued. “Our job is to give them better tools that reflect their needs and values of their communities and to help hold individuals accountable when someone misuses the system.”

But one thing is clear: The technology that made Flock a billion dollar business is turning it into what some see as a villain.

A significant funding background

Langley was an electrical engineer in metro Atlanta, hit by a string of break-ins, when he started asking why local police had so little to work with. “Due to a lack of investigative evidence, over 80% of property crime is never solved,” he later wrote in a company profile posted on Y Combinator’s site. “There was a clear gap in the market, left unfilled by ineffectual alarm systems and expensive, outdated traditional security cameras,” he wrote. “With the right team, technology, and policies, we could actually not only solve, but eliminate crime.”

Langley recruited two former colleagues—Matt Feury and Paige Todd. According to a16z’s announcement of Flock’s Series D (which the VC firm led in 2021), the three built their first prototype at Langley’s kitchen table in three weeks. Homeowners associations were the earliest customers, making up more than 40% of Flock’s business four years in before law enforcement contracts came to dominate. At the time of the funding, a16z general partners David Ulevitch and David George called the company an “n of 1” startup, noting it was “effectively the only game in town.” Tiger Global led the Series E in February 2022, a $150 million round at a $3.5 billion valuation, joined by new investors 776 and Spark Capital alongside returning backers a16z, Bedrock, Matrix, Meritech and Initialized. By March 2025, Flock raised another $275 million at a $7.5 billion valuation in a round led again by a16z, with participation from Greenoaks, Sands Capital, Founders Fund, Kleiner Perkins, Tiger Global and Y Combinator. Neither a16z nor Tiger responded to Fortune’s requests for comment.

Investors have no doubt been thrilled with the growth, but some residents in Flock-patrolled areas are rebelling. In July, angry citizens cut down Flock cameras with an electric saw in upstate New York; they threw paint on them in Oakland, California; and rammed a truck into one in Idaho. One man in Florida has taken to sitting in a lawn chair holding a piece of cardboard on a pole to block a camera’s view. Just this week, a man dressed up as Darth Vader showed up at a San Diego meeting to “praise” the city’s use of Flock cameras. Flock cameras have now been vandalized in at least 36 states, according to NPR. Asked about the vandalism, Langley said that people engaging in it likely aren’t being told they may be committing a felony, and said residents with concerns about the technology should raise them with their city council rather than the cameras themselves.

Furthermore a Washington Post investigation found nearly 50 cases of officers charged with or accused of misusing the cameras, many involving tracking current or former romantic partners. The Institute for Justice keeps a public database of more than 150 documented cases nationwide, sorted into four types—stalking, non-law-enforcement use, misread errors, and other misuse—drawn from media reports and public records. IJ says this is likely an undercount, since officers rarely have to give a specific reason for a search.

In March, Boston, Flagstaff and Santa Clara all suspended or ended their Flock contracts after Amazon’s Ring pulled its Flock integration in the wake of backlash to a Super Bowl ad. Reporting by the San Francisco Standard found 82 Flock contracts terminated across 28 states between August 2021 and May 2026, with 39 of them in just the first five months of this year alone. Still, Langely told Fortune these were not affecting business. “Flock continues to bring on significantly more customers than are leaving. We are growing our customer base at ten times the rate of customer churn, and agencies are turning more to Flock every day to help deter crime and make their communities safer.”

Not every city ends up on the cancellation list, even after loud public pressure. Peter K. Jackson, counsel at Greenberg Glusker, pointed to West Hollywood, which he said renewed its Flock contract without amendment “despite a tremendous public rancor at various city council meetings.” Jackson told Fortune that outcome is partly due to a structural quirk: West Hollywood doesn’t run its own police department, relying instead on the Los Angeles County Sheriff’s Department for policing, meaning the city council isn’t the only party with a say in whether the cameras stay. Jackson suggested that may have given council members reason to hesitate before cutting a tool the county sheriff’s office had come to rely on, even as residents packed meetings to object.

Many of the cities that are, however, cancelling contracts have city council meetings that sometimes share similar themes: a growing resentment against surveillance technology and data collection.

Privacy advocates are particularly worried about long or lax retention periods that mean data is searchable for months or even years. “Flock’s standard retention period is thirty (30) calendar days from the date of capture. This standard retention period applies to all customer data, unless otherwise specified in the individual customer’s agreement,” read Flock’s Evidence Policy. Then last week, Flock recommended a default to seven days, and introduced “Evidence Mode,” letting detectives preserve specific data past that window for active cases. Langley wrote that Flock’s own analysis found “over 90% of searches without a full plate are done within a week,” and that “every community will continue to choose the retention period that fits its public safety strategy.” But Tom Bowman, policy counsel at the Center for Democracy and Technology’s Security & Surveillance Project, told Fortune that the policy changes still leaves it up to the customer. “This is just a recommendation,” he said. “This is not legally binding.” The real retention period for that city is whatever its own contract says.

That’s something confirmed by a government audit of one of Flock’s largest customers. In July, the Los Angeles Police Department was renegotiating its own Flock agreement over data-ownership concerns. Around the same time, the department’s own Inspector General audited its Flock contracts and published the findings. One of its agreements lets Flock “retain the right to use the foregoing for any purpose in Flock’s sole discretion,” while a separate agreement grants the company rights to use anonymized footage for “training of machine learning algorithms.” The report continued quoting the agreement: “Flock shall retain all data collected for five years at no charge to the Department or City”—60 times longer than Flock’s “standard” 30-day policy, and more than 260 times longer than the 7-day figure the company spent last week promoting publicly.

Privacy advocates say this is the real danger: a simple surveillance camera tracks your passing of a certain location at that point in time. This, on the other hand, can potentially follow your every move. “ALPR systems have become so ubiquitous that they are not just tracking your location at a single point in time, but they are tracking your pattern of movements,” Bowman explained. “They can essentially reconstruct your entire daily life: where you go to sleep, where you go to work, where you go to service, so on and so forth.”

In response to the LAPD’s ongoing renegotiation, Langley told ABC7 that “the technology is really simple.” He explained: “A car drives by, we take a picture. It’s a static picture of a car, and then we read the license plate. That’s what the technology is. It’s actually not that complicated, it’s pretty simple.”

Both Jackson and McKenna say Flock’s language of “customers own the data” can be true, but that also doesn’t mean Flock also can’t retain the data and use it to train its technology. Currently, LAPD responded to its audit by drafting new contract language that would explicitly bar any vendor from using city data “to train, fine-tune, or improve any algorithm or artificial-intelligence system” going forward.

Michael de Dora, U.S. advocacy lead at Access Now, told Fortune a larger issue is what happens once that data crosses jurisdictions. Once police departments have a contract with Flock, he said, they “can then go to other police departments and agencies and say, ‘Hey, let’s pull all this Flock information together,’” creating what he called “a searchable, shareable historical database of the whereabouts of Americans” that is, in his words, “a totally unregulated space right now.” A retention limit set by one city’s contract, in other words, doesn’t necessarily bind what happens to that same data once another agency has pulled a copy of it.

The question of cross-jurisdictional data sharing is already playing out. IJ’s database documented a Johnson County, Texas sheriff’s deputy who ran a nationwide Flock search for a woman suspected of having had an abortion, in May 2025. Another case stems from Wisconsin in which officers, in released court records under probable cause, searched for a man because his “vehicle travels to Michigan frequently which is a known source state for marijuana as it is legal there” and searched his car for marijuana.

Is this backlash or is there a legal argument to be made?

Both McKenna and Bowman connect the contract fight to a bigger, unresolved legal one. Courts have long held that a driver on a public road has no reasonable expectation of privacy, but McKenna argues that no longer holds up cleanly.

Bowman pointed to United States v. Chatrie, decided this year, which held that police accessing precise location history is a search requiring a warrant regardless of scope, precedent he argues could extend to ALPR networks that, at scale, can rebuild someone’s entire daily movement rather than capturing one plate at one intersection.

“Law enforcement can circumvent the Fourth Amendment simply by pulling out their wallet and buying that data,” he said, a gap privacy advocates have been trying to close for years. “The Fourth Amendment’s Not For Sale Act is a bill that has been introduced in multiple Congresses that continuously receive support and then gets blocked at the last minute,” Bowman said. If it ever passed, he argues, it would functionally require a warrant before police could buy the kind of location data ALPR networks generate, which is why he doesn’t expect Flock to support it.

“ALPR systems have become so ubiquitous that they are not just tracking your location at a single point in time, but they are tracking your pattern of movements,” Bowman said, “They can essentially reconstruct your entire daily life: where you go to sleep, where you go to work, where you go to service.”

Flock cameras are helping police catch criminals and potentially act as deterrents before a crime is even committed. But citizens and courts are now deciding what price to put on Americans’ freedom to move without being watched.

This story was originally featured on Fortune.com

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Former minister and MK Maj.-Gen. (res.) Elazar Stern joined Gadi Eisenkot’s Yashar, the party announced on Monday.

“Elazar dedicated decades to Israel’s security and public service and has extensive experience as a minister, member of the Knesset, and IDF major-general. Over the years, he led a consistent struggle for universal service, the people’s army model and statesmanship, and worked to connect different parts of Israeli society from a Jewish, democratic and Zionist perspective,” Eisenkot stated.

Earlier this month, Stern announced his resignation from Yesh Atid, where he had been a member since 2015, and initially said he would resign from the Knesset entirely.

This is a developing story.

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While Amazon goes from strength to strength worldwide, the US giant has struggled to gain a foothold in Israel in terms of online retail sales. Shop Analytics data in June 2026 shows that the three Chinese platforms AliExpress, Temu and Shein accounted for about 75% of Israelis’ online orders, while Amazon only had a 6% market share.

E-commerce expert and ECommunity CEO Nir Zigdon says, “It’s interesting, because in other countries Amazon is a very significant player, and here it hasn’t been able to create the same traction.

And it’s not because it hasn’t tried. In April 2019, Amazon reached out to Israeli sellers and invited them to join the Local Delivery program.

The idea was to allow suppliers to present products to Israelis through Amazon and deliver them from inventory already in the country within five business days. But there was a critical difference from the model that Americans are familiar with: Amazon did not set up its own logistics center here, and sellers were required to handle inventory and delivery themselves.

Zigdon points out that Marketplace works well when it gives a supplier something that is difficult for them to achieve on their own – a huge target clientele, exceptional logistics, and trust that justifies a higher price.

 Amazon introduces Nova Act AI agent for automating web tasks. (credit: bluestork. Via Shutterstock)

‘The Israeli consumer is in a very small and crowded market’

But in a small market, when the same importer can sell on its own website, and the consumer can compare prices in seconds, any additional commission may become a disadvantage.

“The Israeli consumer is in a very small and crowded market,” explains Zigdon.

“If the same importer sells a product for NIS 1,000, and then on Marketplace has to add to the price because of the commissions, a problem arises. Maybe the customer is exposed to the product on Marketplace, but in the end they go to buy directly from the seller.”

Compared with Amazon’s partial experience in Israel, in recent years, it is AliExpress’s investment in a local presence that stands out. Parcel Home, a logistics arm that delivers packages from AliExpress, launched operations in Israel in 2024 and operated about 45 distribution points as of April 2026.

At the same time, AliExpress operates local warehouses that, in some cases, allow shipping times to be shortened to 7-10 days and has added the option to pre-select a preferred pickup point near your home.

“The thing that hinders e-commerce the most is presence in the field and advertising,” says Zigdon. “This is perhaps one of the reasons why it doesn’t work for Amazon in Israel like it does in other markets.”

Local marketplace trial failed

In December 2023, the marketplace activities of Azrieli, Melisron, and Shufersal were closed within a week.

Azrieli had invested in Azrieli.com over the years and recorded losses of about NIS 300 million. Melisron’s investment in Groo’s activity reached about NIS 100 million. Industry sources told “Globes” at the time that to maintain a trading arena, large investments are needed in traffic, advertising, customer service, technology, and logistics, and in the local market it is difficult to reach a turnover that justifies all this.

A marketplace is not just a site with many products. It is a business of economies of scale. More buyers bring more sellers, more sellers bring more selection, and selection brings more buyers, and then you can charge the sellers commissions, logistics services, and advertising.

In the US, Amazon is deep into this cycle. In Israel, anyone starting from scratch must finance it.

The KSP chain provides an interesting example. In June, it was the leading Israeli site in the Shop Analytics index, with 18% of orders on the top 20 local sites.

According to Zigdon, “KSP is very successful even though it is a retailer that buys and sells. It has become a multi-brand, and that is something that Israelis love. It also does a lot of parallel imports to really break the prices. Maybe the Israeli market has no place for a general marketplace in the classic model.”

This conclusion also ties in with Shop Analytics data. In May, the three leading Israeli sites were KSP, SuperPharm, and Shufersal – three players that started with specific retail operations and only later expanded their offerings to other categories.

This post was originally published on here. 

Hamas remains the main obstacle to further improving the situation in the Gaza Strip, a senior official from the Coordinator of Government Activities in the Territories (COGAT) said on Sunday.

“The organization interferes with humanitarian operations, exploits civilian infrastructure, influences distribution mechanisms, and continues its repeated attempts to smuggle prohibited items under the guise of humanitarian aid,” the official said.

Since the beginning of the ceasefire in the Gaza Strip in October 2025, the IDF has continued to facilitate the entry of humanitarian aid and goods into the Gaza Strip, in coordination with the UN and international organizations.

According to a COGAT analysis, the volume of aid entering the Gaza Strip significantly exceeds humanitarian needs as defined by UN agencies, international organizations, and assessments conducted throughout the war.

The COGAT official clarified that despite the analysis, “Israel will continue to work together with its international partners to improve the humanitarian response, while preventing its exploitation by Hamas at the expense of the residents of the Gaza Strip.”

Trucks loaded with humanitarian aid wait at the Kerem Shalom crossing before entering the Gaza Strip from southern Israel, August 12, 2026.  (credit: Tsafrir Abayov/Flash90)

According to the data, more than two million tons of food have entered the Gaza Strip since the beginning of the ceasefire, including meat, poultry, eggs, dairy products, fruits, and vegetables.

The data also shows that around 600 trucks enter the Gaza Strip every day, with 70% to 80% carrying food, while food prices have dropped by about 72%.

Currently, 41 bakeries run by international organizations operate in the Gaza Strip, producing more than three million pita breads per day, in addition to dozens of local bakeries.

Sixty liters of water per person enter Gaza each day, COGAT data shows

The data also showed that, on average, more than 70,000 cubic meters of water are supplied to the Gaza Strip each day, equivalent to more than 60 liters per person per day.

Around 250 water trucks operate daily, serving approximately 2,800 distribution points throughout the Gaza Strip.

In addition, more than 74,000 tons of hygiene and sanitation supplies have entered the Gaza Strip, alongside garbage disposal equipment and water purification tablets.

As noted, four water pipelines are currently operational in the Gaza Strip, three of which supply water from Israel. They operate alongside desalination facilities and dozens of water wells throughout the Strip.

Advanced medical equipment transferred to Gaza Strip

More than 21,000 tons of medical equipment have entered the Gaza Strip since the beginning of the ceasefire. According to COGAT data, hospital bed occupancy has increased by more than 50%. In coordination with international organizations, advanced medical equipment has been transferred into the Strip, including X-ray machines, generators, and oxygen tanks.

In northern Gaza, eight permanent hospitals, four field hospitals, and four medical centers are operating regularly. In the southern Gaza Strip, two permanent hospitals and eight field hospitals are operating.

This post was originally published on here. 

A seven-year-old girl received a life-saving liver transplant last month from a fallen IDF soldier, Sergeant First Class Shahar Gamla, who was killed while deployed in Lebanon.

Gamla was critically wounded by an explosive drone in Lebanon and passed away from his injuries in June. 

After his death, Gamla’s family made the decision to donate his organs, ultimately saving a total of six lives, including that of young Bel Finkelstein, who was born with a rare genetic congenital syndrome and had been waiting desperately on the organ transplant list for six months.

The procedure took place at Rambam Health Care Campus, where a lobe of Shahar’s liver was harvested and immediately transported to Clalit-Schneider. There, a surgical team performed an intensive, hours-long transplant operation. 

Following the successful surgery, Finkelstein was transferred to the Pediatric Intensive Care Unit, where she received care until her recent discharge home. 

IDF soldier Sgt. First Class Shahar Gamla (credit: COURTESY OF THE FAMILY)

‘A noble and extraordinary act’

Before leaving the hospital, Gamla’s family visited both her and her parents at Clalit-Schneider.

“I have no words to adequately thank Shahar’s precious parents, who, from the absolute depths of their bereavement, chose to grant life to my daughter,” said Yana, Bel Finkelstein’s mother. “It is such a noble and extraordinary act.”

Dr. Michael Gurevich, Head of the Liver Transplantation Unit at Clalit-Schneider, commented, “This is an extraordinarily complex and difficult emotional situation, even for us in the operating room. It is hard to put into words the thoughts and feelings during an event like this.”

“I am profoundly grateful to the family for their noble decision to donate his organs. The realization that this soldier saved lives both in his duty and in his passing weighs heavily on our hearts. We are deeply thankful for the privilege granted to us to save human lives.” He added.

This post was originally published on here. 

Central Elections Committee chairman and Supreme Court Deputy President Noam Sohlberg on Monday morning rejected a petition seeking to prevent National Security Minister Itamar Ben-Gvir from attending and speaking at a police event over concerns that his participation would amount to prohibited election campaigning.

The event at hand is an appreciation event for Israel Police volunteers and members of police emergency squads. It is officially planned to mark 50 years of the police volunteer system. 

Attorney-General Gali Baharav-Miara supported the petition’s request to bar Ben-Gvir from the event, arguing that his participation, even without speaking, raised a serious concern that the police-funded event would effectively become election campaigning.

Because of the tight timetable, Sohlberg issued the decision without his full reasoning, which he said would be published separately as soon as possible.

The petition was filed by NGO Voting for Israel, and sought, primarily, to prevent the minister from speaking or participating in the evening. Alternatively, it asked Sohlberg to prevent the event from taking place altogether. 

National Security Minister and Otzma Yehudit leader Itamar Ben-Gvir addresses reporters at the Knesset, in Jerusalem, June 22, 2026 (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

Sworn affidavit not to engage in campaigning during the event

Ben-Gvir committed in a sworn affidavit not to engage in election campaigning during the event, Sohlberg noted.

“It goes without saying that no one is permitted to engage in election campaigning – verbally, visually or in any other manner – at this event,” Sohlberg wrote.

Sohlberg also recommended that the speeches be provided to legal advisers for review ahead of the event, although he did not make that a condition of Ben-Gvir’s participation.

This post was originally published on here. 

Since October 7, 2023, Israel has been rapidly replacing its Palestinian labor force with foreign workers. 250,000 foreign workers are already in Israel, and their number is set to rise to 330,000.

Many unseen challenges lie behind these numbers, the most substantial of which is the question of the housing that employers are obligated to provide for their foreign employees.

The law stipulates a detailed definition of suitable housing, and some companies are renting entire buildings and converting them into homes. But evidence of crowding and poor conditions is increasing, and the government’s solutions are mostly on paper.

“It’s like an Israeli going on relocation,” says Yoki Moshonov, CEO of Ovedly, a company that provides services to foreign workers in Israel.

“Here they get five or six times the average salary than in their countries of origin. They come to Israel for just one purpose – to earn money for their families. They send 80% of their salary to their families, make no trouble, and are regarded as excellent workers. The employers I work with tell me, ‘They don’t take sick leave, don’t smoke, get to work on time – what did you bring me? I never imagined they would be so good.'”

Foreign workers seen around the central bus station in southern Tel Aviv. (credit: Sharon Eilon/Flash90)

Highest number of foreign workers in Israel, ever

Israel now has 250,000 legal and illegal foreign workers, the highest number ever, according to Israel Population and Immigration Authority figures, with more to come.

After October 7, 2023, Israel decided to close its border crossings in Judea and Samaria with the Palestinian Authority and barred the entry of Palestinian workers into Israel.

An estimated 150,000 Palestinian workers were regularly entering Israel before the war, of whom 92,000 were working legally, many of them in the construction industry.

Only 20,000 Palestinian workers currently work in Israel, primarily in essential enterprises and communities beyond the Green Line.

The situation required action to fill the gap. Israel began importing unprecedented numbers of foreign workers – initially via bilateral agreements (agreements between Israel and other countries for importing labor to Israel) and later also “private imports” directly from foreign countries through authorized companies.

In May 2024, the government for the first time established a new ceiling for foreign workers in the Israeli economy – 3.3% of the population in Israel. This currently amounts to just over 330,000 foreign workers.

Keep in mind that the stay of every foreign worker in Israel lasts for five years and three months, and that many of them have arrived only in the past two years.

To this should be added the remaining unused quota and the plan to import 50,000 more foreign workers for the retail and services sector spearheaded by Economy and Industry Minister Nir Barkat.

Population and Immigration Authority figures show that 26.5% of all current legal and illegal foreign workers are from Thailand, 21.7% from India, 11.8% from China, 11.2% from Sri Lanka, 9.5% from the Philippines, 8.9% from Uzbekistan, 4.4% from Moldova, and 1.7% from Nepal.

According to every indication, the current government has no plans to bring Palestinian workers back to Israel, certainly not in the previous numbers, and intends to rely mainly on foreign workers from other countries.

In contrast to the Palestinian workers, however (many of whom return home every day), the foreign workers come to Israel for a prolonged stay and require the same services as anyone else: proper housing, health and welfare services, etc.

Since the state is bringing these workers, it is also responsible for their living conditions, above all housing.

The current situation, including Israel’s severe housing crisis, entails a trap. How can Israel find real estate solutions and provide services for all the 330,000 workers expected to arrive?

’15 People sleeping in two beds’

The situation is already difficult.

The foreign workers regulations state explicitly what constitutes appropriate housing for a foreign worker: a sleeping area of at least four square meters per worker, bedding, a separate wardrobe or separate compartment in a wardrobe with a lock, electrical heating and ventilation, kitchenware and tableware, a refrigerator, bathrooms and showers, water, electricity, laundry arrangements, and fire extinguishers.

Every employer has the legal obligation to provide such accommodation to every foreign worker during the entire period of their employment and for seven days after their employment ends.

These requirements, however, are not always observed in practice. “In our inspections, we find violations in every single industry,” says Population and Immigration Authority Investigation and Intelligence Department senior head Shimon Zigzag.

“There are extreme cases, for example, workers housed in a cold storage room, housing on a waste site, workers who light a fire in the house to keep warm because they have no electricity or gas, and workers living without authorization on a construction site or on the premises of an enterprise.”

Zigzag states that unfortunately, he has seen no improvement in the situation over the years. “I want to stress that most employers follow the rules, but those who do not fail to realize that housing is a very serious matter. In some cases, the employers are completely preoccupied with preventing the imminent collapse of their businesses and dealing with debts and loans. The last thing that interests them is a broken door handle or a malfunctioning toilet. These things gradually accumulate and become unbearable.”

The workers themselves describe tough conditions.

“My experience in Israel is very different from what I expected. There is often a wide gap between what was promised and the actual conditions,” a foreign worker from India says.

“The promises about employment and housing were not kept. The bathroom in my current living quarters doesn’t even have a door. Heavy trucks unload soil nearby, and dust enters the cooking area, which does not even have a water faucet. Four people are living in a corridor-like room that has little ventilation. I’m not asking for luxury housing, but making the existing buildings more livable wouldn’t even cost very much.”

Another worker says, “We sleep in two double beds placed in a small room. There are 12-15 people in the apartment, which has two bathrooms. The main problem is the frequent replacement of the rooms because the work is not continuous.

“They ask us to change apartments every week. It’s hard for me to bear this again and again, and I get no clear answers when I complain. Anyone who complains about anything either gets no more work or his room is changed frequently.”

Complaining about the difficulty in combating these problems with the currently available means, Zigzag says, “The rate at which the foreign workers are arriving is unprecedented, but it is all taking place on the basis of the same number of positions in the Foreign Workers Administration and before that in the Enforcement Administration.

“This number has not increased in accordance with the rise in the number of foreign workers, even though the cabinet decision included the providing additional positions. We’ve been talking about increasing the number of positions for two and a half years already. As of now, the number is still the same: 160 or 170 positions. If more people were working here, we could accomplish more.”

Yonatan Primo, CEO of the Central Bureau for Foreign Workers (a private company), claims that the situation is not so bad. “Relatively speaking, Israel is a very good country for foreign workers. The laws do a good job of defining the obligation to provide suitable housing. I’ve met foreign workers who tell me that their home in their country of origin isn’t as good as the apartment that they were given here.”

‘The market is becoming large and more complex’

Private companies are making strenuous efforts to overcome the housing problem to keep the workers in Israel. Explaining his modus operandi, Primo says, “The employer maps where he needs foreign workers and how many of them in each branch. We get the table and start searching for housing for these workers according to it, so that it will be ready for them even before they arrive in Israel.”

“We know ahead of time from which country the workers are coming, so we do our best to have workers of the same origin working at the same place in each apartment,” Primo adds.

“It’s important that they both have a culture in common and be doing the same kind of work. The law doesn’t require anything like this, but we discovered over time that it is very significant. When the workers don’t speak the same language, roommates have misunderstandings. If they don’t work in the same place, the differences in pay can create friction.”

Nathalie (Shimon) Weinstein, CEO at personnel corporation LDM Global Hire, which employs foreign workers in the construction and renovation sector, adds, “Every worker is a complete world. As soon as he reaches Israel, he must be given a few days of grace to get used to the surroundings, people, food, and culture. Arriving in a foreign country isn’t easy.”

Where housing is concerned, Weinstein says, “Living quarters are selected according to one main criterion – where the people are going to work. We strive to house them as close as possible to their workplace.”

“Proximity to the workplace is the really important thing,” Moshonov adds, “particularly in retail and services. Some restaurants are open until three in the morning. They work on weekends when there’s no public transport. The living quarters have to be 15 or 20 minutes at the most by bicycle from the workplace, or at least in an area with reasonable public transport.”

Eliran Aharonov, CEO of Living, which provides housing solutions for foreign workers, says that the facilities operated by his company are usually hostels or residential buildings converted to housing for foreign workers.

“A single site with several apartments together provides a concentrated housing solution. In many cases, large companies outline their needs in advance: how many workers there will be, what the apartments will look like, what should be in each apartment, and what services are needed for the compound. We adapt the solution to these needs while complying with the standards,” he explains.

“We have all sorts of housing options,” Moshonov says.

“For example, there’s a building that we’re renting in Petah Tikva with almost 200 foreign workers – a converted retirement home. The character of the rooms and the general structure are very suitable for us. There’s a central kitchen, a dining room, firefighting approvals, emergency exits, etc.

“Finding such buildings is a real challenge. In other cases, we house the workers in ordinary apartments. We have a whole array of operations workers searching for apartments through both real estate agents and search platforms like Yad2.”

“For many years, this sector was very widely dispersed,” Moshonov adds. “Searching for workers, apartments, services, and suppliers – it was all done by telephone, WhatsApp groups, bulletin boards, and databases and needed a lot of time and resources.

“This market is becoming larger and more complex – these methods are no longer any good. You need infrastructure to connect the worker, the employer, the personnel agency, the apartment, and the services that they need. There are private ventures like this now, such as the Baclick portal, which concentrates all of the necessary services in one place.”

The solutions being furthered by the state – and their status

While efforts are being made in the field to provide private solutions, it appears that the state is dragging its feet in the creation of the legal and physical infrastructure. There are plenty of ideas and plans, but as of now, no real major solution is materializing.

In view of the large number of foreign workers who had entered, with more expected to follow, a special directors-general committee on the subject of foreign workers in Israel was formed in May 2024.

This committee, however, is not dealing with the subject of housing for foreign workers; it is setting quotas, dictating sectors in which foreign workers can be employed, etc. As far as the state is concerned, providing housing for foreign workers is the employer’s responsibility.

Meanwhile, the Construction and Housing Ministry is working on preparations for housing foreign workers in existing buildings with an emphasis on rental housing.

The Israel Land Authority is planning a survey to locate relevant sites for temporary housing for foreign workers. The Planning Administration is also preparing a planning mechanism that will provide a temporary solution for the housing needs of future foreign workers. As of now, however, these are just ideas on paper.

The Knesset has discussed an initiative being promoted by Economy and Industry Ministry Director General Moti Gamish for the establishment of giant residential complexes for foreign workers that can house several thousand workers. Gamish also proposed a pilot program for constructing one such complex for 5,000 foreign workers in the Ne’ot Hovav Industrial Zone.

No real progress has been achieved since the last debate on the subject in April 2026, however. With the elections now approaching, it appears that legislation on the matter will have to wait for the next Knesset.

Aharonov, one of the sponsors of the idea, emphasizes that there will be no alternative to the construction of large residential complexes for foreign workers. “As the number of foreign workers in Israel rises, they must be provided with organized and well-defined housing solutions. The state will have to play a role in promoting and building such complexes,” he says.

Moshonov explains that despite all the ideas, legislation in this area is far in the future. “Even if a law had been passed, it would be put into action only three or four years from now at best. By then, the market will be swamped with foreign workers, and as of now, there is no solution from any government agency involved in this. The state enacted laws and regulations to make up for the shortage in personnel, but no proper housing solution has been devised. The state refrained from investing resources in such a solution in the past and is still doing so today.”

One measure that the government has approved, is in the framework of National Outline Plan 35, which defines principles for construction, development, and preservation in Israel, is the regulation of housing for foreign workers in agriculture.

Under Amendment 5A of the Outline Plan, housing for foreign workers in the sector “should be part of the community and social fabric.” This amendment is designed to expedite the construction of such complexes for foreign workers – but so far only in the agricultural sector.

What about accompanying services for the foreign workers? Every worker arriving in Israel is entitled to health insurance in case of medical need, but the Health Ministry says that no special preparations in the health system for absorbing the masses of foreign workers whose arrival was initiated by the state are necessary.

“According to the information in the hands of the Health Ministry, there is no indication that the employment of foreign workers in Israel is generating an exceptional burden on the health and welfare system,” a Health Ministry spokeswoman stated.

“It should be kept in mind that there are already hundreds of thousands of foreign workers in Israel. By law, an employer of a foreign worker is obligated to arrange medical health insurance for him during the period of his employment before the worker’s arrival in Israel is approved.”

This post was originally published on here. 

If you thought last year’s national debt numbers were chilling, you haven’t seen anything yet.

In the second week of August, the CBO released its Monthly Budget Review giving year-to-date totals, calculated through July, for federal FY 2026, ending September 30.

For the first 10 months of fiscal 2026, Washington’s carrying costs grew an astounding 14%, from $846 to $963 billion versus the same period in FY 2025, far and away the biggest jump of any expense line item. By contrast, Social Security rose 5%, and Medicare and Medicaid 8% each. In just 12 months, interest zoomed from equaling 64.9% of Social Security outlays to 70.1%. A year ago, the category had barely edged past Medicare to become the 2nd largest budget cost after Social Security.

The huge increase in interest expense has two sources. The first is the explosion in the federal debt. Since the start of 2026 through August 22, that burden swelled another 7.3% to $40 trillion. Since the start of 2019, the federal debt has swelled by nearly 50%. And the indebtedness trajectory is steepening: In the past three weeks, the number’s accelerated at incredible 1% rate, or an annualized trajectory approaching 15%.

Second, interest rates have famously spiked big time in the past year. Around 50% of debt held by the public is parked in Treasury Notes of 2 to 10 year maturities. Since July of last year, the yield on the two year has advanced from 3.94% to today’s 4.18%, or 6%, while the 10-year’s waxed faster, from 4.37% to 4.69%, for a 7.3% rise. And deficits keep rising, the Treasury will need to issue more and more debt to fund operations.

The towering menace to the U.S. economy: Both factors are getting worse in a hurry. Through July, the budget deficit mushroomed by 10% to $1.8 trillion, and is on autopilot to keep ramping at an ever-rising cadence. As for rates, a major but little mentioned motive for Secretary of the Treasury Scott Bessent’s plan, unveiled on August 19, for the Treasury to buy huge amounts of 10-year Treasuries is an effort to throttle the runaway interest on the federal debt. He’ll offset the purchases by selling newly-issued, shorter-term bonds at lower rates. In theory, shifting to a younger greener mix should somewhat lower the average yields paid on our borrowings.

The Bessent strategy is a stop-gap measure only. It won’t curb a fundamental force behind those higher rates, the federal government’s gigantic borrowing that’s only going to grow. The Bessent announcement made a big splash, and spread relief on Wall Street. The interest explosion got pretty much ignored. But it’s the one force Bessent may hobble a bit, but can’t come close to slaying.

This story was originally featured on Fortune.com

This post was originally published here. 

The US Southern Command said on Monday it carried out a lethal kinetic strike on a vessel operating in the eastern Pacific, killing two on board.

“Confirmed intelligence revealed the vessel’s active involvement in narco-trafficking. The operation killed two narco-terrorists,” SOUTHCOM said in a post on X/Twitter.

This is a developing story.

This post was originally published on here. 

Suspected insurgents set fire to government buildings, shops, cars and utility poles in more than 70 locations across four of Thailand’s southernmost provinces over the weekend, injuring at least three people in a coordinated series of arson attacks, authorities said.

More than 7,800 people have been killed in provinces bordering Malaysia since 2004, when the latest round of a long-running insurgency led mainly by the Barisan Revolusi Nasional (BRN) flared.

Here are more details provided by Thai officials:

There were at least 78 incidents across four provinces: 40 in Narathiwat, 21 in Yala, 15 in Pattani and two in Songkhla. No group has claimed responsibility.

Most of the attacks took place on Saturday evening across Pattani, Yala, Narathiwat and parts of Songkhla, with some more on Sunday.

A soldier stands guard on the Thai side of the river as people prepare to cross into Malaysia in Sungai Kolok in southern Narathiwat province March 8, 2013. Last week, in a deal brought about with the help of Malaysia, Thailand agreed to pursue a peace talks with the Barisan Revolusi Nasional (BRN). (credit: REUTERS/Damir Sagolj)

Ethnic tensions as Muslims, Malay seek independence via insurgency

A rail line was hit by explosives in Narathiwat, prompting the suspension of services in that section.

Authorities have imposed a curfew in Narathiwat, and at a meeting on Sunday, Prime Minister Anutin Charnvirakul asked the security forces to ensure public safety.

Thailand’s predominantly Muslim and ethnic Malay deep south has faced a decades-long insurgency seeking greater autonomy or independence.

The region was part of the independent Malay sultanate of Patani before its incorporation into Thailand was formalized in 1909.

Attacks come as Thailand attempts peace talks with separatist group

The attacks come as Thailand seeks to revive peace talks with the BRN, the main separatist group fighting in the region.
Chief negotiator Thanut Suvarnananda told Reuters this month that Bangkok wanted to move beyond trading concessions for reduced violence and address political grievances, including governance.

Malaysian-facilitated peace talks have repeatedly stalled since they began in 2013.

Lieutenant General Norathip Poinok, who commands the Thai army in the southern region, told local media on Monday that authorities had received intelligence nearly two months ago warning of attacks on government buildings, shops and power infrastructure.

Norathip described the attacks as retaliation for crackdowns on insurgents and illicit businesses, including drug and contraband trafficking, that fund militant groups.

This post was originally published on here. 

Eight Palestinian residents of the West Bank were found illegally living in an apartment in Beersheba during a police enforcement operation last week, prompting Southern District Police Commander Haim Bublil to sign an administrative order closing the property for 30 days.

On August 16, Beersheba police officers arrived at the divided apartment as part of an enforcement operation and found the eight residents, who had been staying in Israel without permits, inside.

Police arrested the residents and transported them to the Beersheba police station for questioning. 

Attempted illegal crossing at Tarkumiya

Earlier this month, police uncovered another case involving individuals without permits when five Palestinian residents were found inside a vehicle that had been stopped for inspection at the Tarkumiya Crossing. 

 Illustrative: Border police troops conduct large-scale operation to thwart illegal immigration to Israel. September 29, 2024. (credit: POLICE SPOKESPERSON'S UNIT)

The vehicle was halted due to the suspicions of the officers stationed at the crossing. 

Authorities reportedly discovered two of the suspects hiding in the trunk of the vehicle. The driver, a resident of Petah Tikva in his 30s, was arrested on suspicion of transporting them while his driver’s license was suspended. 

According to police, the five individuals were attempting to enter Israel without the necessary permits. 

Police arrested both the driver and the five residents and took them in for further questioning at the police station.

This post was originally published on here. 

Miki Peled, the legendary producer and founder of the Festigal show, passed away at the age of 87, it was announced Monday morning.

Peled, considered one of the pillars of Israel’s entertainment industry, left behind a remarkable legacy that shaped the childhoods of generations across the country.

Peled was born in Romania in 1939 and immigrated to Israel with his family in 1948. In 1981, he founded and produced the first Festigal show in Haifa, which over the years became a leading cultural institution and an undisputed symbol of the Hanukkah holiday in Israel.

Alongside Festigal, he led dozens of major performances and cultural events throughout his decades of activity, working with many of Israel’s leading artists and creators, an effort that earned him a lifetime achievement award from ACUM, Israel’s music and copyright organization.

Friends, partners, and colleagues described him as a mentor and visionary with a big heart, who knew how to identify talent at the beginning of artists’ careers and provide them with a real platform and opportunity to break through.

The annual ''Festigal'' music performance in Tel Aviv, December 22, 2025. (credit: MIRIAM ALSTER/FLASH90)

‘A person who knew how to dream’

Yaron Peled, his son and creative partner, said: “Miki was much more than a producer. He was a person who knew how to dream, identify talent, give people an opportunity, and above all make people believe they could.”

Peled is survived by his wife Tami, children, grandchildren, and great-grandchildren, alongside generations of artists and performers who viewed him as a guiding figure.

His funeral will take place Tuesday at 4:00 p.m. at Kiryat Shaul Cemetery in Tel Aviv, where family members, those who cherished his memory, and leading figures from Israel’s cultural world will gather to bid him farewell.

This post was originally published on here. 

Iranian state-affiliated TV Channel 3 has released a video threatening US President Donald Trump‘s son, Barron Trump, detailing specific surveillance against him and offering a $10 million reward for his death, Iran International reported on Monday.

The Jerusalem 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 claiming that Secret Service agents disguised themselves as students in his school in order to blend into his surroundings.

The video also claimed to have found Barron’s online Xbox, Discord, and FIFA video game accounts, as well as those of his classmates, with two of them being named as Liam Carter and Bo Louden.

Screenshot of channel 3's video explaining how to kill Barron Trump. (credit: Screenshot/X/@GhorbaniiNiyak)

While Liam Carter appeared to be a fake profile, Louden, a conservative media influencer, is a known friend of Barron’s. 

“Millions of FIFA players against Trump are waiting to receive a ten-million-dollar prize from us,” the video concluded.

Previous video threatened US First Lady Melania Trump

The video was styled similarly to a previous video put out by the regime threatening US First Lady Melania Trump last month.

That video called on “freedom fighters” to target the shops the first lady frequents. It claimed to share “information from several anonymous security networks,” showing schemes of how Melania’s security operates and the places that she usually goes in New York.

It also claimed that the first lady’s weakness is “her love for fashion,” saying that she frequents top New York fashion stores that could be attacked by “freedom fighters.”

The video ended saying: “This is just the beginning! Barron Trump, wait for us!”

This post was originally published on here. 

Waking up to see the golden walls of the Old City of Jerusalem is something the Jewish people have dreamed about for generations. Luckily, I was fortunate enough to be able to do so at the City of David guest resorts last week. 

The resort, which is steps away from the Western Wall, is directly next to the City of David archaeological site. However, City of David has now expanded its reach in the area to offer more than just fascinating historical tours. There is a hanging bridge, plenty of nearby parks, a light show, and Israel’s longest zip line. 

I was able to go zip lining with a companion of mine, and found it to be magical. We began at Trotner Park, and walked along the Armon Hanatziv Promenade until we reached Mitzpe David. 

We were fitted for harnesses and helmets, and waited a few short minutes before our ride of a lifetime. 

The Stepped Stone Structure on the eastern side of the City of David, the oldest part of Jerusalem. The curved, narrow stone structure is built over a series of terraces.  (credit: Wikimedia Commons)

Soaring above the pine forests, you can see the entire Jerusalem skyline laid out at your feet. If I’d kept my phone on me, I certainly would have taken pictures of the breathtaking views. 

I’d recommend the Mitzpe David Zip Line for families with children with boundless energy, or any thrill-seekers in general. It was 731 meters of pure fun!

Facilities were well maintained, comfortable, and spacious

After all of that adventure, my companion and I were excited to take a breather in our room at the City of David Guest Resort. 

The overall facilities were well maintained, comfortable, and spacious. It’s perfect for families with young children or couples who just want a little bit of extra space.

My room was great. I found that it was tastefully decorated with touches that felt biblical and modern at the same time. I also enjoyed the pristine bathroom, which featured a spacious shower with excellent water pressure. The room also had comfortable furniture, a mini fridge, tea and coffee service, and a great view of the courtyard and the ancient walls beyond. 

The gated courtyard in the facility was gorgeous and featured well-maintained landscaping. I thought that the trailing grapevines and the fig and olive trees scattered around the property gave it an authentic touch. The courtyard made me feel like I could slow down, sit back, and just enjoy all of the beauty the Holy City has to offer.

After a bit of a rest, my companion and I enjoyed a short bus ride to dinner and drinks near Shuk Mahaneh Yehuda. We wandered around the area, trying several places that were new to us, and enjoyed being tourists in our own country. 

After all of that, I ended my day of adventures in Jerusalem in a comfortable, spacious bed with luxurious sheets.

The premier location in terms of Old City access

It cannot be emphasized enough that this resort does one thing better than any other hotel in Jerusalem: its access to the Old City.

Not only is the resort directly next to the archaeological wonders of the ancient City of David tour, but it is also just minutes away from the Dung Gate entrance to the Old City.

The next morning, my companion and I were able to start our second day of adventures without the hassle of navigating public transportation.

We got an early start to the day and left the resort at around 10 a.m., just as several tour groups began flooding into the property to see the archaeological sites. The resort’s proximity to the heart of Jerusalem let us take our time to walk through the Old City unhurried, happy, and well-rested. 

If you’re looking to take a step back in time while still enjoying all of the comforts of the modern day, the City of David Guest Resort is the place for you.■

The writer was a guest of the hotel.

This post was originally published on here. 

The Thursday staff strike at Ben-Gurion Airport was the result of serious management failures and insufficient preparation for summer staffing shortages, former Israel Airports Authority chairman Maj.-Gen. (res.) Eliezer “Chiney” Marom told 103FM on Sunday.

“I don’t want to point an accusing finger, but there is a management failure here. When you reach the summer without enough workers, and things deteriorate to the point where workers are collapsing from exhaustion, then there is a problem,” Marom, who also served as Israel’s Navy commander, said. 

“There is a major shortage of workers. It shows that preparations for the summer were inadequate.” 

Marom also addressed earlier warnings from workers’ committee chairman Pinchas Idan about the labor shortage and the Airports Authority’s failure to prepare for the summer months.

“There is a serious management problem here. There was a failure to prepare, and you can see it. There were warning after warning, and the situation kept getting worse and worse, but no preparations were made. This was not a surprise.”

El Al plane takes off at the Ben Gurion International Airport, outside of Tel Aviv, March 5, 2026. (credit: YOSSI ALONI/FLASH90)

‘A wildcat and unjustified strike’

According to the former chairman, when he returned from abroad earlier this month, he waited over two hours for his suitcase and was told there were not enough workers at the airport to move passengers’ luggage in a timely fashion.

“The matter is simple. Ultimately, this should not have happened. This was a wildcat and unjustified strike, even though Pinchas does not call it a strike,” Marom said.

He noted that while he respected Pinchas and the two had worked well together, what happened at the airport was “completely unacceptable.”

“You don’t stop work on the busiest day of the year, with tens of thousands of people,” he stressed.

An exceptionally long tenure as chairman

Marom was also asked about Idan’s exceptionally long tenure as chairman of the Airports Authority workers’ committee.

“Ultimately, these are elections that are held regularly, and the man is simply elected time after time,” he said. “One can ask whether the term should be limited, as, for example, with the prime minister’s term. That is a very, very good question.”

When asked about the employment of relatives at Ben-Gurion Airport and the subject of nepotism, Marom explained that the issue wasn’t always regulated in Israel

“A friend would bring in a family member, and so on. It wasn’t only at the Airports Authority; it happened everywhere. At a certain point, the issue was regulated, and ultimately the Civil Service Commissioner established certain percentages of employees who may be hired despite being relatives, and so on. The Airports Authority complies with that,” he explained.

“The State Comptroller examines it from time to time. It stopped many years ago. But this is really history, and many family members came in. Not only Pinchas’s, by the way. Family members worked at the railway, the ports, and elsewhere. That no longer exists.”

This post was originally published on here. 

As the Fab Four put it over six decades ago now, money can’t buy you love. The Mop Tops from Liverpool got that right. Love is, as we all know, the great sustainer in life.

Even so, there is that incisive observation by 20th-century British-American Pulitzer Prize laureate poet W.H. Auden: “Thousands have lived without love, not one without water.”

Add to that a reference made by Rachel Verliebter to Hungarian-born ethnographer, historian, anthropologist, and rabbi Raphael Patai, who, she says, “notes that among the primordial elements, none stirs the human imagination as deeply as the liquid element – water.”

Verliebter proffered that nod to Patai in her curator textual accompaniment to the “Sea of Wisdom: Woman and Water” art exhibition, which recently ran at the Schocken Library on Balfour Street, right opposite the sprawling – long unused – official residence of our prime minister.

She should know. Verliebter clearly has all the requisite academic credentials for making an informed statement about the connection between spiritual spheres and H2O. And let us not forget that still waters generally run deep.

 Maya Zack’s ‘Sei das Wasser’  references Romanian Holocaust  survivor poet Paul Celan and the feminine non-cerebral side of remembrance. (credit: MAYA ZACK)

“My aim, in my role as curator, was to devise an exhibition that reflects my doctoral research work, which is about the phenomenology of water in Jewish mysticism,” she informs me.

That sounds like heady stuff, and fertile ground for displaying works that feed off multiple, expansive, and rich strata of thought, aesthetics, and creative intent.

No limits to longing

The exhibits resonated the breadth of aspects of the confluence between the life-giving liquid and spiritual realms and, in particular, how water features in Kabbalistic thought.

Altea Steinherz took a somewhat left-field line in plumbing the philosophical theme, and strayed into exploratory chemical territory.

“This is the YInMn blue that was developed, by accident, by Oregon State University,” she tells me, as we view one of her contributions to the show, an eye-catching watercolor called The Limits of Your Longing.

The shade in question is the first new inorganic blue pigment found in over 200 years, the result of heating yttrium, indium, and manganese oxides – the name of the hue derives from the chemical component appellative openers – to around 1,200 °C.

The discovery spoke to Steinherz and fired her imagination.

“I read about this, and it just blew my mind,” she exclaims. “I thought I must get hold of this blue, because I want to paint shamayim hadashim [new heavens].”

In Kabbalistic and Jewish philosophical circles, that relates to the continuous, ongoing renewal of reality by the Divine rather than simply forgetting or erasing past suffering.

Suffering, in that line of thought, is understood as a temporary deficiency or a correction (tikkun) of our desire to receive, which transforms into absolute pleasure once aligned with the Creator.

Steinherz was keen to incorporate that in her oeuvre and spread the good word. “There is this color that is going to make us forget our suffering. The verse says when there is the creation of the new heavens, we’re going to forget all the suffering.”

That is as fine a concept as one could possibly latch on to, particularly in these post-Oct. 7, post-COVID-19, and – dipping into a more distant, yet ever-present, cataclysmic passage of time – post-Holocaust times.

The Limits of Your Longing makes for arresting and compelling viewing. The wavy ellipsoid seems to shimmer and merrily oscillate as it sort of hangs there, in a white void, pregnant with possibilities and brimming with latent promise.

The shape came from an illustrious source.

“In the Vatican loggias there are the Raphael paintings,” Steinherz cites from one of the world’s most celebrated sets of works. “There’s the figure of the creation of the heaven. There’s a floating thing behind the head, so I took the form from there to depict this.”

Then there’s the unique hue, which opened up exciting opportunities for visual probing.

“In the history of art, blue is the great white whale, the great blue whale,” she laughs. “There is almost no blue. This is a big deal in the art world, and I am very excited about it.”

New room for maneuver

The Limits of Your Longing is well named, and suggests an paradoxical field of exploration and personal growth.

“There’s the infinity [suggested by the form of the painting’s motif] and all of the concepts that I am trying to represent, about desire,” Steinherz expounds.

There are existential creative dynamics afoot, which anyone who has ever been to the seaside will have witnessed. “Essentially there is the spiritual idea of the separation of the waters and this continuous moving up and down of the waves, which we see when we go to the beach.”

Sublimation is the name of the game. “There are the lower waters trying to move up [heavenward].” That suggests a striving for reunification with celestial fluids, after being split during Creation.

It also makes perfect sense if we consider that the Hebrew word for heaven or sky incorporates the word for water – “mayim” as part of “shamayim.”

The curator brings us back to the core theme of the exhibition, and the raison d’être behind the showing.

“What is the history of water, in a Jewish context?” she poses. “We wanted to home in on the myths from the Kabbalah, and to imbue them with a visual form.”

Verliebter meanders betwixt elements and physical entities, citing a leading man of pertinent thought.

“There was a French phenomenologist called Gaston Bachelard who wrote a wonderful book called The Psychoanalysis of Fire, and also about the appearance of water in dreams, in the 1940s and 1950s. He talks about reverie, dreams, related to material substance.”

Water water everywhere

The leapfrogging between the tactile and the abstract continues.

“He says there is imagination pertaining to form, and material imagination. He says philosophy always related to imagination more in the context of form.

“He looks towards poetry and literature, primarily [books like 19th-century Herman Melville’s epic novel] Moby Dick and [Melville’s contemporary American poet-author] Edgar Alan Poe, and how they write about water. And there is Shakespeare and [his depiction of] Ophelia [in Hamlet, who drowns]. These dream personifications are always very sad. Water is the sad element.”

“Sea of Wisdom: Woman and Water” was designed to take us through some of those philosophical and corporeal tracts. The accent is very much on the primary – in a definitive and temporal sense – source of human life.

“I tried to craft a visual walk through the material imagination in Jewish mysticism,” Verliebter sets out her exhibition’s, and, hence, the visitor’s experiential, line of thought.

I raise the point that imagination and material occupy polar existential positions.

“Bachelard fuses them and says that our original imagination is connected to milk, mother’s milk, and our nutrition,” she says. The contrasting-complementary plot thickens. “Our nutrition comes from water, and milk, whereby our unconscious imagination is initially fueled by material.

“Bachelard contemplates Western poetry.” That was a curatorial launching pad. “I took that thinking into Jewish mysticism.”

Creating from something, not nothing

The exhibition pries into the ethereal and hidden biblical layers.

“There is great mystery in Genesis,” Verliebter contends as we view Giordana Musani’s fetching richly hued rotund Sacred Flow acrylic painting.

“Rashi studies that mystery in a striking way. He writes about God hovering above the water. That means, according to Rashi, that the water was not [divinely] created. That is a scandal. Water is evidence that the Creation was not about creating something from nothing. It was bringing something from something that already existed, from something material. That means that, from Genesis, water is primordial matter.” That is quite a revelation, and serves to underscore the centrality of water as a source of all life, and the universal relevance of the exhibition theme.

Iris Ahuva Pykovski addresses the oxymoronic cross-elemental admixture in her A Fiery Stream oil painting. “This work, and the others in this part of the exhibition, dream the moment before the division [between water and land in the Creation],” Verliebter explains.

Any separation definitively implies a sense of longing that goes with distancing from a previously unified body. The aforementioned aquatic sadness returns to the fore. “Kabbalah talks about this being the birth of longing. There it says that the upper and lower waters separate with weeping. This spawns tears, cosmic tears, tears of the sea.”

That doesn’t sound too gentle or user-friendly. It suggests that violence and force were integral to the Creation.

Verliebter is tuned into that, and points to a highly evocative bronze statuette by British-born Daniel Baharier called After the Flood.

“This is influenced by [20th-century Dada-surrealist German painter-sculptor] Max Ernst. It portrays the destruction, the [biblical] flood, the attack on the matrix, the attack on women on Oct. 7. This is the young girl who lost her hands, whom the paramedic couldn’t save.”

The Baharier sculpture spells out the corporeal and emotional scene in aesthetic words of one syllable. He crafted a handless figure in a stark, supplicatory pose which grabs you by the heartstrings and duly yanks.

“Daniel aimed to commemorate the girl and the attempt to save her,” Verliebter explains.

Violence at the source

There are broad pertinent implications.

“I placed this work here, in the context of the weeping waters of Creation in Jewish mysticism, not only because of the primeval violence there [on Oct. 7]. In the [Jewish] myth it is something that is happening now; it is something that happened at the Nova festival. It is something that takes place in the constant violence against women and mothers. I positioned it there because there is violence at the source.”

“Sea of Wisdom: Woman and Water” is not only about wrongdoing and nefarious acts committed against women across the ages. Ester Schneider’s Calathea Ornata – aka Praying Plant – is a gorgeous watercolor creation on kozo paper held up by a skeletal wooden frame.

“I put it in the Bauhaus window bay so the light could shine through it,” Verliebter explains someone superfluously, as we observe the foliage and floral arrangement against the late morning solar-illuminated backdrop.

Jewish mysticism emerges, once again, through the alluring, clearly delineated shapes. “You can see the very feminine forms here. You can see ovaries and breasts. For me, this is reminiscent of the American modernist Georgia O’Keeffe.”

That is not hard to get. Femininity pervades O’Keeffe’s vast eclectic oeuvre, and her use of color and form was widely interpreted as metaphorical representations of the female body. Interestingly, O’Keeffe, who died in 1986 at the age of 98, publicly rejected that notion.

Going with the light flow

We return to biblical narratives and mystical climes, as Verliebter references the river that flowed through the Garden of Eden.

“According to the Book of Zohar, this nahar (river) in Aramaic is called nahara, which is very similar to nehora – light.” The latter term, in Jewish mysticism contexts, often implies spiritual clarity, too. Hence the curatorial logistics. “The light that comes in through this Bauhaus niche lights the work up, the nahara.” Neat.

In pictorial terms Pykovski’s A Mist Rose Up oil painting offers the most succinct portrayal of the exhibition narrative – women, creation, and female sagacity.

“This connects with the amniotic fluids and individualization – the female, maternal ability of self-birth, or rebirth.”

There is a psychological flow to the work, which features a female figure suspended in thin air, back arched and arm outstretched in a heavenward beseeching gesture, with towering mountains reflected in the crystal clear waters of a lake. There is a doe on one bank, and an echo of the woman’s acrobatic posture appears in red on a rock below her, possibly a fiery complement to the largely aquatic surroundings.

“The Doe of the Dawn is connected to femininity and the childbirth waters, and the pain of the birth of the new dawn,” Verliebter adds.

There is an intriguing personal storyline to the work. “That comes from Iris Ahuva’s return to Israel from the Himalayas and her process of becoming religiously observant. There are all sorts of issues about self-birth.”

The figure’s suspended position also hints at the interim period of Pykovski’s road to Jewish spiritual awakening.

The red swirl references yet another biblical slot. “That is the lily of the valley [mentioned in the Song of Songs] which we also see in the work by Yifat Bezalel.” The aquatic spiritual ambiance is, indeed, front and center in Bezalel’s Thirteen Petals charcoal drawing.

The curator’s exhibition notes close with a comforting curative Bachelard quote: “Water carries us. Water rocks us. Water puts us to sleep. Water gives us back our mother.”

For more information about the Schocken Library: schocken-jts.org.il

This post was originally published on here. 

Australia in December became the world’s first country to ban social media for children under 16, blocking them from platforms including TikTok, YouTube and Meta’s Instagram and Facebook.

What are other countries and companies doing to regulate access to social media amid mounting concerns over the impact of social media on children’s health and safety?

Australia

A landmark law forced major social media platforms to block minors under 16 from December 10, 2025, one of the world’s toughest regulations targeting major tech platforms.

Companies that fail to comply could face penalties of up to Australian $49.5 million ($34.9 million).

A finger presses the ''block'' button on Instagram in this illustrative image. (credit: SHUTTERSTOCK)

Britain

Britain plans to approve a ban on social media for under-16s by Christmas, with the measure set to take effect around Spring 2027, ex-prime minister Keir Starmer said on June 15.

Big tech firms operating in Britain must stop children circulating nude images on their phones, or they will face legislation forcing them to do so, Starmer said on June 8.

Under the plans, firms like Apple and Google would have to build or activate technical solutions on smartphones and tablets to detect and block nude images for children. Adults would still be able to take, share, or view nude content through an age verification process.

China

China’s cyberspace regulator has put in place a so-called “minor mode” program that requires device-level restrictions and app-specific rules to restrict screen time depending on age.

Denmark

Denmark said in November it would ban social media for children under 15, while parents could provide access to certain platforms to kids down to the age of 13.

France

France’s top court on August 14 blocked a bill banning social media access for under-15s, saying it infringed upon freedom of expression.

France’s parliament had approved the ban in July amid growing concerns about online bullying and mental health risks.

Germany

Minors aged 13 to 16 are allowed to use social media only if their parents provide consent. Child protection advocates say controls are insufficient.

Greece

Greece is “very close” to announcing a social media ban for children under 15, a senior government source told Reuters on February 3.

India

India’s chief economic adviser called for age restrictions on social media platforms in January, describing them as “predatory” in how they keep users engaged online, two days after tourist state Goa said it was weighing restrictions akin to Australia’s.

Italy

Children under 14 need parental consent to sign up for social media accounts, while no consent is required above that age.

Malaysia

Malaysia has begun barring those under 16 from registering accounts on social media platforms, its communications regulator said on June 1.

New Zealand

New Zealand Prime Minister Christopher Luxon is proposing a ban on children under 16 using social media, with fines of up to 10% of a platform’s global revenue for non-compliance.

The proposed legislation would require social media platforms to take reasonable steps to verify users’ ages, including by utilizing existing account information, facial technology, and digital identity documents.

Norway

The Norwegian government in 2024 proposed raising the age at which children can consent to the terms required to use social media to 15 from 13, although parents would still be permitted to sign off on their behalf if they are under the age limit.

The government has also begun work on legislation to set an absolute minimum age limit of 15 for social media use.

Poland

Poland’s ruling party is preparing new legislation to ban social media for children under 15 and to hold platforms responsible for age verification, it said on February 27.

Slovenia

Slovenia is drafting a law that would prohibit children under 15 from accessing social media, Deputy Prime Minister Matej Arcon said on February 6.

Spain

Spain will push ahead with new rules to make social networks and AI safer despite intense lobbying from the tech industry, Digital Transformation Minister Oscar Lopez told Reuters in May.

Prime Minister Pedro Sanchez had said in February that Spain would ban access to social media for minors under 16, with platforms required to implement age verification systems.

Sweden

Sweden should introduce a minimum age of 15 for the use of social media, a government-appointed commission recommended on June 2.

A ban can be formulated in a way that the platforms would be responsible for age verification, investigator Lisa Englund Krafft told a news conference with Social Affairs and Public Health Minister Jakob Forssmed.

Turkey

Turkey’s parliament on April 24 passed legislation banning the use of social media by children under 15 and introducing new rules for digital platforms, including game software companies.

United Arab Emirates

The United Arab Emirates on June 18 approved a resolution setting the minimum age for social media use at 15, the government’s media office said, making it the first Arab country to introduce such a measure.

The resolution prohibits children under 15 from creating or using personal social media accounts and restricts their access to the platforms’ full features.

United States

US legislation aimed at forcing social media companies to do more to protect children and teenagers cleared a key political hurdle after Republican Senator Ted Cruz said on May 12 he would support the bill.

Cruz said at an event in Washington that he would back the Kids Online Safety Act, which would require social media companies to “exercise reasonable care” in designing features that contribute to harm to minors, according to the bill.

The legislation is separate from the long-standing Children’s Online Privacy Protection Act, which prevents companies from collecting personal data from children under 13 without parental consent. Several states have passed laws requiring parental consent for minors to access social media, but they have faced court challenges on free speech grounds.

EU Legislation

On May 12, European Commission President Ursula von der Leyen said the European Union would seek stronger protections for children from harmful social media features.

Von der Leyen said the Commission would target “addictive and harmful design practices” in its Digital Fairness Act, a planned law due to be proposed later this year, while an expert panel prepares advice on how to proceed.

The European Parliament in November agreed on a resolution calling for an EU-wide ban on access for children under 16 to online platforms, video-sharing sites and AI companions without parental consent and an outright ban for those younger than 13.

Tech Industry

Social media platforms including TikTok, Facebook and Snapchat say people need to be at least 13 to sign up.

Child protection advocates say the controls are insufficient, and official data in several European countries shows huge numbers of children under 13 have social media accounts.

This post was originally published on here. 

In an unusual turn of events, Israel’s decision to carry out an airstrike in northern Syria may have helped spur the US to action in terms of helping Syria and Israel come to some kind of accommodation and agreement.

Israel has long used military power as a way to send messages and also wring concessions. This has led to the Trump administration helping to get a ceasefire and hostage deal in Gaza and also get a ceasefire in Lebanon. Now the warnings of a crisis in Syria between Israel and Turkey, two key US allies, may help lead to some kind of positive outcome.

A lot depends on whether Jerusalem is willing to climb down from some of its rhetoric. It also will depend on what the US can help arrange. This isn’t the first time the US helped bring Syria and Israel to the table. There was a trilateral meeting in January.

Now Syrian state media is portraying Israel-Syria engagement as potentially heading in the right direction.

Abu al-Duhur base is seen following reported Israeli strikes, Syria, August 18, 2026 (credit: REUTERS/STRINGER)

Syria doesn’t trust Israel, Foreign Minister says as negotiations continue

Syrian state media said on August 21 that “Foreign Minister, Asaad Hassan al-Shaibani, said Syria expects negotiations with Israel over a security agreement to resume soon, stressing that Damascus’ immediate priority is to halt Israeli attacks and establish confidence-building measures.”

The report noted that “in an interview with Reuters broadcast Sunday, al-Shaibani said Damascus hopes a security agreement would ultimately lead to an Israeli withdrawal from the Syrian territory, calling for a ‘historic opportunity’ to be seized while diplomacy remains open to any path capable of achieving political progress.”

He pointed to the fact that there wasn’t a follow-up from the January meeting. “The negotiations were frozen after the Iranian-Israeli war, and we hope they will resume in the near future so that we can complete this process,” al-Shaibani said.

“We do not trust Israel at present. We deal with it through our interactions, but there is currently no trust,” he noted. “Contacts were suspended following the Israeli attack on Abu al-Duhur military airbase in Idlib province last Tuesday,” the report said.

This illustrates that there are limits to how effective military force will be for Israel. The strategist Clausewitz argued that military operations and politics are entwined. One cannot solely pursue diplomacy or war.

SANA noted that “Al-Shaibani said communication was necessary, particularly with a party that constantly threatens Syria’s security, but stressed that Damascus had no interest in contacts that produced no results.”

The Syrian diplomat said, “Israel has repeatedly tried to preserve its security through hard power, and it has not succeeded…The door is open, and I believe negotiations will resume soon.” Syria believes the US can help get to the proverbial “yes.”

Shaibani said, regarding whether he is optimistic, that it is “very difficult to bet on Israel.” Nevertheless, Syria wants stability. His messaging is clear. The door is open to a positive future. “He stressed that Syria was extending its hand toward understandings, peace and diplomacy and wanted the region to be stable.

Damascus, he said, had no objection to Israel asking that its security concerns be taken into consideration, but Israel must likewise respect Syria’s security concerns and sovereignty,” SANA noted.

Lastly, “on the proposed security agreement, al-Shaibani made clear that the Syrian and Israeli sides had agreed on almost everything on paper, including several points, foremost among them an end to Israeli attacks on Syria and non-interference in its internal affairs.”

 Syrian President Ahmed al-Sharaa seen with the background of Syrian and Israeli flags (illustrative) (credit: REUTERS/KHALIL ASHAWI, SHUTTERSTOCK)

“Syria’s focus now is on stopping the attacks before anything else, even before the security agreement,” the Foreign Minister said. “The issues of peace and the Golan could be opened later. We have now taken a step backward.”

Talk of a new mechanism linked to talks in Jordan, that would help de-conflict, is key. “We want it to be a mechanism to stop the attacks and pave the way for reaching a security agreement culminating in Israel’s withdrawal from Syria,” he added.

“Al-Shaibani went on to say that Israel attacked Abu al-Duhur military airbase even after Syria had conveyed a message that the facility would not become a Turkish base,” SANA noted.

Jordan hosted Syria talks in the past

In addition, Syrian state media confirmed reports of a meeting in Jordan. “a high-level Syrian delegation headed by Foreign Minister Asaad Hassan al-Shaibani and including the heads of the General Intelligence and Military Intelligence services held a meeting Sunday with a high-level Israeli delegation under US mediation and hosted by Jordan, a diplomatic source at the Ministry of Foreign Affairs and Expatriates told SANA.”

The report went on to note that “discussions focused on establishing practical mechanisms to halt Israeli attacks, arrests and targeting operations, and reviving negotiations with the aim of reaching a security agreement that could serve as the basis for a more comprehensive future agreement.”

Lastly, “according to the source, the meeting focused on practical steps to de-escalate tensions while exploring ways to return to negotiations, with Syria stressing that any security arrangements must respect its sovereignty, territorial integrity and sovereign rights.”

It’s worth noting that the Trump administration has turned to Jordan before regarding Syria. Back in 2017, during the first Trump administration, the US, Russia and Jordan agreed to put in place a ceasefire across south-western Syria. That ceasefire collapsed in 2018.

However, at the time it showed how Jordan could play an important role. Jordan has also carried out airstrikes against drug smugglers in southern Syria in recent years.

In 2018 Jordan took in the White Helmets after Israel helped facilitate their evacuation from southern Syria via the Golan. This shows how Jordan continues to play a pragmatic role. Jordan has ties with Israel. Also it supports the new Syrian government.

It is also a friend of the US and UK and a key friend of Gulf Arab states. As such, Amman and the US appear to be paving the way for better engagement between Israel and Syria, potentially calming tensions.  

This post was originally published on here. 

Iraq’s new prime minister Ali al-Zaidi was supposed to rein in the Iranian-backed militias in Iraq. For years the militias have carried out hundreds of attacks on US forces, kidnapped journalists and researchers, assassinated Iraqis, attacked the Kurdistan Region and attacked embassies and consulates.

The militias killed Americans in Jordan and targeted Israel. Most of the powerful Iranian-backed militias in Iraq are sanctioned by the US as terrorist groups.

Now Iraq appears to be backtracking on the deadline for placing militia weapons under the control of the state. Iraq had initially indicated it would rein in the militias by September 30, when US troops who went to Iraq to back Baghdad against ISIS, are supposed to leave. There are not very many US troops in Iraq these days. Most are in the Kurdistan Region of northern Iraq.

Now Iraq is indicating that it actually wants to wait until the US leaves, to disarm the militias. This bait and switch on timing shows how Iraq will slow play its obligations.

“Iraq will begin gradually consolidating weapons held by armed factions under state control after the international coalition’s scheduled departure on September 30, Iraq’s national security advisor said Sunday, calling the move a ‘strategic Iraqi decision’ and stressing that the process will be carried out through dialogue as opposed to armed confrontation,” Rudaw media reported on August 23.

Shi'ite Popular Mobilization Forces (PMF) members hold an Islamic State flag, which they pulled down, during the war between Iraqi army and Shi'ite Popular Mobilization Forces (PMF) against the Islamic State militants in Tal Afar, Iraq August 27, 2017.  (credit: REUTERS/FILE PHOTO)

Sep. 30 set as deadline to consolidate arms

Iran’s IRGC Quds Force head Esmail Qaani was recently in Baghdad. In addition, Iran’s speaker of parliament Mohammed Bagher Qalibaf was also recently in Iraq. They went to Iraq to showcase Iran’s power in Baghdad. Like the mafia collecting protection money, they were making Baghdad an offer it can’t refuse.

National Security Advisor Qasim al-Araji, speaking to the state-run Iraqi News Agency (INA), said, “After September 30, the process of restricting weapons to the state will begin gradually.”

Rudaw added that “Araji said the government was serious about ‘severing’ ties between political parties and Popular Mobilization Forces (PMF) brigades, adding that ongoing dialogues to complete the disengagement process were producing positive results as Baghdad seeks to ‘strengthen trust.’”

Rudaw added that “the Iraqi government had previously set September 30, as the deadline for armed factions to hand over their weapons to the state.” Now, “Araji said all political forces agree that weapons should be controlled exclusively by the state and ‘The decision of war and peace is exclusively in the hands of the Iraqi state.’”

“The weapons of the factions will become a force for the state and will not be handed over to any external party,” he claimed. It’s clear Baghdad is moving toward a kind of bait and switch. It may pretend that the militias already have weapons under state control because most of the militias are technically part of the state-backed PMF paramilitary organization.

“Baghdad has faced resistance from some Iran-aligned factions, which have linked disarmament to the departure of US and other foreign forces from Iraq, with Kata’ib Hezbollah, in a statement on Tuesday, going so far as to demand the departure of Turkish troops from northern Iraq and the dissolution of the Peshmerga forces as preconditions to complying with the government’s disarmament mandate,” Rudaw added in its report.

Iraq’s latest move is meant to focus on the US leaving and kick the can down the road in terms of actually confronting the militias. The prime minister is meanwhile hinting he will only serve on term. It’s not clear if the militias think they can simply wait out the prime minister. What comes next is unclear.

The US is focused on the Iran conflict and many other issues. It’s unclear if the White House has the time and regional political capital to get Baghdad to disarm the militias now. The US Envoy to Iraq and Syria, US Ambassador Tom Barrack could also play a helpful role. He is now focused on Syria in the wake of Israeli airstrikes there. As such, Baghdad may hope it can quietly push the date past September 30 and hope no one notices.

Mourners march in the funeral of a Kataib Hezbollah terrorist after a US airstrike on a Popular Mobilization Forces headquarters near the Iraq-Syria border, pictured in Baghdad, March 2, 2026. (credit: REUTERS/Thaier Al-Suda TPX IMAGES OF THE DAY)

Many PMF militias have US sanctions due to attacks on US interests

The Iran-backed militias have become one of the most powerful armed terrorist threats in Iraq. Some have their origins to the 1980s, when Iraqi Shi’ite groups backed by Iran’s Islamic Revolutionary Guard Corps (IRGC) fought Saddam Hussein’s regime. After 2003, these groups expanded rapidly, and many later became part of the Popular Mobilization Forces (PMF) during the war against ISIS.

Several of the most prominent militias have been designated by the US as terrorist organizations. These include Kata’ib Hezbollah (KH), Asa’ib Ahl al-Haq (AAH), Harakat al-Nujaba (HAN), Kata’ib Sayyid al-Shuhada (KSS), Harakat Ansar Allah al-Awfiya (HAAA), and Kata’ib Imam Ali (KIA).

Most are designated as both Foreign Terrorist Organizations (FTOs) and Specially Designated Global Terrorists (SDGTs) because of attacks on US and Coalition forces. The US killed the leader of Kataib Hezbollah, Abu Mahdi al-Muhandis, in a drone strike in January 2020. He was riding with IRGC Quds Force head Qasem Soleimani. Soleimani, the target of the drone strike, was also killed.

This illustrates how the Iranian-backed militias in Iraq are Iranian proxies. Disarming them will be difficult, as is the case with Hamas and Hezbollah. However, it is essential for peace and stability in the region. The militias recently attacked Saudi Arabia, for instance. 

This post was originally published on here. 

The number 26 came up before policy did. A Channel 13 poll had put Yashar on 26 seats, ahead of Prime Minister Benjamin Netanyahu’s Likud at 23, placing a party founded in 2025 in contention to become the largest faction in the Israeli parliament. Orit Farkash-Hacohen did not describe the result as a shock.

“I see it as a very natural process,” the Israeli parliamentarian and Yashar candidate told The Media Line.

“It’s not as if we are being overwhelmed by that. On the contrary.”

Other recent polls have differed on the size of the advantage, but most of the six surveys reviewed for this article placed Yashar ahead of Likud. The party ranged from 22 to 26 seats, while Likud ranged from 21 to 23.

Polling has elevated Yashar’s standing in the political landscape. The party is now being asked not simply why voters are turning to the former Israel Defense Forces (IDF) chief of staff, but what an Eisenkot government would actually do on the economy, military service, public spending, and the recovery of regions still dealing with the effects of the years since October 7.

Inside the Knesset building. (credit: MARC ISRAEL SELLEM)

Eisenkot’s personal appeal is not a new phenomenon in Israeli politics

Israeli parliamentarian Farkash-Hacohen, who served as tourism and strategic affairs minister and later as technology and innovation minister, said Yashar has already begun preparing for a possible move into office. The party is working on plans for its first months in government, she said, drawing on former ministers and senior public officials as well as younger members of the team.

“We are focused on preparing the plans for the first 100 days of, hopefully, a new government,” Farkash-Hacohen said, describing a cabinet whose ministers would be expected to work for the public rather than concentrate on “their own political survival.”

That governing pitch is closely tied to Eisenkot’s personal appeal. Farkash-Hacohen said she sees voters looking for an alternative not only to Prime Minister Netanyahu’s policies but also to his political style. Playing on the Hebrew meaning of the party’s name, she said Israelis “want something yashar” meaning leadership associated with integrity and public service.

Speaking with The Media Line, political scientist and educator Jack Drassinower, who specializes in Israeli politics, said the emphasis on Eisenkot himself is hardly unusual in Israel. He argued that Israeli elections have increasingly centered on party leaders rather than fine ideological distinctions, and that Eisenkot’s military background gives him an advantage at a time when security remains central to voters.

“If you ask the voter what the important issues are when going to vote, the military element is still the most important,” Drassinower said. He believes security has become an even greater priority since October 7.

Farkash-Hacohen said the first domestic task of an Eisenkot government would be to reduce the divisions that deepened in Israeli society before and after the October 7 attacks.

She accused the current government of using polarization as a political instrument and said Yashar would seek to govern beyond the constituencies that brought it to power.

“The biggest challenge for us as a leadership is to bring back the unity of Israeli society,” she said. “The people of Israel are very united, and we’re a very resilient and special kind of people. We hold each other, especially in times of challenge.”

The next issue she raised was service. Yashar wants to broaden military or national service among populations that have historically had exemptions, particularly ultra-Orthodox and Arab Israelis. Farkash-Hacohen said national service in hospitals, schools, and other institutions could be part of the model for those who do not serve in the military.

“Our mission is to bring about a strategic change in which both these populations will also contribute and take part in the very big burden that now rests on the shoulders of not all of Israeli society,” she said. “It will be a very challenging and ambitious task that we are committed to pushing forward.”

Drassinower identified conscription as one of the areas where Eisenkot has found room to distinguish himself from the current coalition without closing every door for future political negotiations.

He noted that Eisenkot has supported a much broader obligation to serve while also acknowledging that full ultra-Orthodox enlistment cannot happen immediately and that some limited exemptions could remain.

The economic platform has received less public attention, something Drassinower considers a weakness in the party’s definition so far. “If you ask me what Eisenkot’s economic position is, I couldn’t tell you,” he said, adding that the lack of emphasis may also allow Yashar to attract voters who disagree with one another on economic and religion-and-state questions.

Farkash-Hacohen, whose own background includes senior economic and regulatory positions, gave a detailed account of where she wants the party to go. The starting point, she said, is the cost of a larger long-term defense burden.

“The next decade will be very challenging economically,” she said. Israel, in her view, will have to spend more on security than it did before October 7, leaving less room for a government to avoid decisions about which programs deserve public money. “It requires us as a government, first of all, to be very clear on our priorities and how we manage the Israeli taxpayers’ money.”

Yashar would close ministries it regards as unnecessary and reduce government spending tied to coalition politics, she said. Farkash-Hacohen argued that state resources should increasingly favor Israelis who work and serve, and said the party would review subsidies that it believes discourage participation in the workforce.

The cost of living would require a different set of measures. Farkash-Hacohen singled out groceries and cosmetics as markets where concentrated corporate power and exclusive import agreements limit competition.

She said a Yashar government would seek to remove barriers to competitors, challenge exclusive import arrangements and, where necessary, force dominant groups to give up some of their market power.

Housing would be harder. “I don’t think that we will have magic solutions,” she said. Instead, she tied housing to transportation, infrastructure and the ability of people to live farther from the country’s most expensive population centers without losing access to jobs.

Better transportation, she argued, could expand the realistic housing market rather than treating the shortage as a problem that can be solved solely by construction policy.”

A future government led by Yashar would have it work cut out, expert says

Farkash-Hacohen is also working on infrastructure planning tied to energy security, artificial intelligence, and quantum technology.

A separate initiative is aimed at Israelis who have left the country in recent years, particularly physicians, engineers, researchers, and high-tech workers. She described the proposal as an “in-location” program, a play on relocation, and said she studied comparable efforts abroad to bring highly skilled citizens back.

“We have prepared a very specific program,” she said. But incentives alone, she added, may not determine whether people return. “From what we see, many of these people will be back once the leadership and the government will be changed.”

Winning enough seats to implement any of those programs would be only the first political obstacle. Israel’s parliamentary system requires a majority of 61 lawmakers to sustain a government, and Drassinower said Eisenkot’s position among voters is stronger at the moment than his authority over the parties he may eventually need as partners.

His problem, Drassinower said, “is not the larger number of votes” but reaching 61. Potential partners include leaders with their own ambitions and parties with significant ideological differences. Drassinower said that remains a vulnerability for an opposition camp whose members can agree on replacing the current government without necessarily agreeing on what comes afterward.

 Training at a construction site. (credit: Israel Institute for Safety and Health)

Farkash-Hacohen said Yashar believes a future coalition can operate around several common principles: Israel as a Jewish and democratic state, respect for the Declaration of Independence, and broader sharing of national responsibilities.

She listed education, the cost of living, military service, democratic institutions, and the rule of law as issues that would give a new government more than enough work without allowing every ideological disagreement to dominate its agenda.

Drassinower was more cautious. The experience of the previous change of government, he said, showed the danger of leaving disputes unresolved simply because partners agree that a different prime minister should be in office. “The points of disagreement were not touched,” he said of that coalition. “They were simply put under the rug.”

He sees another distinction between polling well and exercising power. “The problem, as we know, is not only to form a government, but to govern,” he said.

Yashar says northern Israel would be an early priority for the party. It released a reconstruction plan last week for communities that endured prolonged evacuation and economic disruption after October 7. Farkash-Hacohen said improved shelter would come first, followed by incentives designed not merely to bring residents back but to persuade young families to build their futures there.

“The first and foremost priority would be to perform and execute very expedited sheltering,” she said, arguing that residents need a higher standard of personal security before long-term development promises can mean much.

Yashar also proposes additional education and tax incentives, investment in tourism, agriculture, and energy projects, and special treatment for Kiryat Shmona, including added tax benefits and development initiatives.

Farkash-Hacohen said the northern plan would also depend on restoring residents’ confidence in the government’s ability to deliver on its commitments. That is a standard Yashar would have to meet if the poll numbers eventually translate into seats and those seats form a government.

The aim, she said, is “to rebuild the trust of the people of the north with their government.” 

This post was originally published on here. 

New restrictions on the use of food benefits to purchase soda and candy have been one of the biggest changes enacted by the Make America Healthy Again movement. But a key question has been how profoundly the bans would affect public health, with some economists arguing that people would just use other funds to buy Coke and other sugary drinks instead.

Now a new study shows that soda purchases did indeed fall by about 12% among people who receive Supplemental Nutritional Assistance Program benefits after the bans went into effect in 10 states. The study, which was published by the National Bureau of Economic Research and has not yet been peer-reviewed, says this translates to a person drinking about 34 fewer 12-ounce cans of soda per year.

Read the rest…

This post was originally published here. 

The enormous mountain of debt hanging over the economy has overshadowed the AI boom as the center of attention on Wall Street.

For years—decades even—the spiraling trajectory of U.S. debt fueled dire warnings, which investors consistently brushed off as low borrowing costs helped turbocharge epic stock gains.

Meanwhile, the debt pile galloped higher, interest costs sucked up a bigger share of the federal budget, and deficits continued to expand. Rating agencies downgraded U.S. credit, and foreign central banks stopped buying as many Treasuries.

The precise tipping point was always unclear, especially as the U.S. dollar retained its status as the world’s top reserve currency. But the global bond selloff this past week that sent yields to the highest level in two decades showed debt is finally front and center as a concern.

“When does debt become unsustainable? When the global financial markets say it is,” RSM Chief Economist Joseph Brusuelas said in a note on Wednesday. “That appears to be happening.”

Debt worries weren’t limited to the U.S., with yields in other top economies like the U.K., France, Germany, and Japan also surging.

That’s as governments since the COVID pandemic have continued spending as if borrowing costs were still at crisis-era lows and letting deficits worsen as if their economies were still in desperate need of emergency stimulus.

But the economic landscape is totally different now. Interest rates have surged in recent years to combat high inflation, and the AI boom is pouring hundreds of billions of dollars a year into an economy that increasingly immune to higher rates.

In addition, the so-called hyperscalers are relying more on debt to finance their capital expenditures, competing with the Treasury Department for bond market dollars.

“Given that public debt is already so high for many countries, it’s only been a matter of time until markets run out of patience,” Robin Brooks, a senior fellow at the Brookings Institution, wrote in a Substack post on Tuesday. “It looks like that’s happening now.”

Yields went up so quickly that the Treasury Department suddenly announced it will increase buybacks of long-dated bonds. The move briefly lowered yields, but they went back up again as investors doubted such financial engineering can hold back the tide.

How did we get here?

In addition to deficits, other factors converged to finally set off alarm bells in the market. The more proximate cause was the return of higher oil prices amid the ongoing stalemate between the U.S. and Iran.

With no signs of any diplomatic progress, investors expect energy costs will keep inflation higher for longer, likely forcing central banks to hike rates.

But Federal Reserve Chairman Kevin Warsh has refused to offer forward guidance on how policymakers will respond to future inflation, creating uncertainty that put even more upward pressure on bond yields.

Brusuelas also pointed to an “elephant in the room,” namely economic populism from both sides of the aisle. From the left it takes the form of more spending. And from the right, it’s typically tax cuts.

Both versions also tolerate higher inflation and resist efforts by central banks to rein it in, he added.

“If such policies go on long enough without a course correction, banking and currency crises tend to follow,” Brusuelas warned. “Global investors understand the end game of such policies.”

Similarly, analysts at Capital Economics said in a note Tuesday that bond investors are demanding greater compensation for fiscal, geopolitical and policy uncertainty, describing it as a shift that will prove persistent. 

While the pace of the bond selloff isn’t justified by recent events, the market’s concerns are rational as governments show little indication of curbing deficits, they added.

That means a higher term premium, or the extra return that investors demand for holding an asset over the long term, is “fundamentally warranted.”

“As a result, we expect term premia to remain elevated and bond markets to remain susceptible to renewed bouts of volatility in the quarters ahead,” Capital Economics predicted.

This story was originally featured on Fortune.com

This post was originally published here. 

An Israeli gazelle fawn who was being illegally held in the West Bank was rescued on Saturday night, the Israel Nature and Parks Authority (INPA) said.

Following intelligence guidance from the Border Police Coast District Central Unit, a joint operation was carried out by detectives from the Border Police Coast District Central Unit, Judea and Samaria Border Police fighters, and INPA inspectors from the Nature Reserves Unit in the Civil Administration.

A search was conducted in the West Bank village of A-Ram, during which the forces found an Israeli gazelle fawn, a protected animal. It is illegal to own or hunt the gazelles.

The fawn was transferred to INPA inspectors and received further treatment at the Wildlife Hospital at the Ramat Gan Safari.

A 48-year-old Kafr Aqab resident was detained and taken for further questioning by the INPA on suspicion of committing offenses including the trade, possession, and hunting of a protected species.

The fawn was located by Border Police and inspectors from the Israel Nature and Parks Authority. (credit: ISRAEL NATURE AND PARKS AUTHORITY, ISRAEL POLICE SPOKESPERSON''S UNIT)

Border Police rescued gazelle rescued from Jenin

On August 12, Border Police rescued a different gazelle fawn that had been illegally caught and kept in a basement near Jenin.

The police stated that, overnight Border Police officers, accompanied by supervisors from the INPA, infiltrated the area in order to locate the gazelle.

The gazelle was found in the basement of a private residence in the area, the police said.

One suspect was detained for questioning, and security forces intend to file an indictment against them on suspicion of hunting and holding a wild animal illegally.

The police also said that the gazelle was taken to be checked over by a veterinarian, and is expected to be transferred to a safari in Ramat Gan.

Tzvi Jasper contributed to this report

This post was originally published on here. 

Business leaders, from JPMorgan’s CEO Jamie Dimon to Tesla’s Elon Musk, have argued that workers need to get back to the office in the name of productivity and collaboration. But a new study suggests the opposite may be better for employee well-being—and even company bottom lines.

Researchers tracked 7,704 employees at the University of Texas MD Anderson Cancer Center across three work arrangements: roughly one-fourth worked fully remotely, one-fourth worked hybrid, and about half worked entirely onsite.

The results? Employees who worked fully remotely reported the highest levels of workplace well-being—defined broadly to include physical, mental, emotional, social, and financial health—while those who worked entirely onsite reported the lowest. The study, which was published in the journal Frontiers of Psychology last month, also found little evidence that remote workers felt less connected to colleagues or workplace culture.

“Our findings challenge the idea that simply bringing people back into a building will automatically make them more engaged, connected, or likely to stay,” co-authors Stefanie Johnson, a professor at the University of Colorado Leeds School of Business, and Courtney Holladay, chief learning officer at MD Anderson Cancer Center, told Fortune in a joint statement.

“The mistake is treating physical presence as the outcome rather than asking what organizations are trying to accomplish through it. If the goal is collaboration, mentoring, innovation, relationship-building, or organizational culture, then employers should design experiences that actually produce those outcomes.”

Remote work could help companies save money—by keeping their best talent around

The benefits of remote work didn’t stop at how employees said they felt. One year after the initial survey was completed, researchers examined employee turnover and found that workers with higher levels of well-being were less likely to leave the organization, meaning those working remotely were associated with higher retention.

For companies, keeping talent around can be a major financial incentive. After all, even before the pandemic ushered in an era of remote work, U.S. businesses were losing $1 trillion annually due to voluntary turnover, according to a 2019 Gallup analysis. However, critics of return-to-office mandates have argued that requiring employees to return to the office can serve as a backdoor way to reduce headcount without formally laying off workers. A survey last year suggested that concern isn’t entirely unfounded: one in five HR professionals admitted their company’s in-office policy was intended to encourage employees to quit.

“Clearly we have to question the motive,” Johnson said, pointing to separate research that found that leaders who display stronger narcissistic qualities are more likely to dislike remote work.

But the answer may not be as simple as remote versus in-office. Hybrid work can sound like the best of both worlds—giving employees flexibility while preserving opportunities for face-to-face connection. Yet it can also create its own headaches, from coordinating schedules to commuting on some days and figuring out which colleagues will actually be around.

“We’ve heard from individuals who will go into the office and their day in the office is spent on Zoom or Teams calls, and then that’s really frustrating because it’s like, ‘Well, I could have done that at home,’” Holladay said, adding that remote work can also save money in terms of having to rent less office space.

While the researchers did not track productivity in their study, they argue overall that flexibility may matter more than any particular work arrangement. Johnson said that may be particularly important for younger workers who are still trying to build out meaningful relationships early in their careers.

“Not that you should have to bribe employees to go into the office,” Johnson said. But if workers are going to come in, she added, companies should give them a reason to feel that the time is valuable.

Public and private leaders are adamant that return to office is a good thing

The findings come as some of the most powerful voices in corporate America continue to make the case for getting workers back in the office.

JPMorgan Chase CEO Jamie Dimon, for example, has long been one of Wall Street’s most outspoken proponents of in-person work—calling his over 300,000 workforce back into the office five days a week.

“If you go to a meeting with me, you got my full friggin attention the whole time,” he said at the Hill and Valley Forum earlier this year, adding that remote work only works well for certain jobs like call centers, but for everyone else, including young people and managers alike, in-person working is best. Young people, especially, he said, need to work in-person because they are still learning.

Tesla CEO Elon Musk has taken a similar hard line. In 2022, he told employees that anyone who wanted to work remotely had to spend at least 40 hours a week in the office or leave the company.

“Tesla has and will create and actually manufacture the most exciting and meaningful products of any company on Earth. This will not happen by phoning it in,” Musk said.

The federal government has also been pushing its hundreds of thousands of employees back into the office, with Office of Personnel Management (OPM) Director Scott Kupor being the key driver of President Donald Trump’s return-to-office agenda.

“Even for jobs that can be done largely in isolation, that productivity can be impacted by distractions that pervade at the home,” Kupor wrote in a January 2026 blog post entitled “Why Showing Up Counts.” “Supervising a massive, largely remote federal workforce is not something the federal government is well equipped to do.”

However, in a leaked audio message obtained by Fortune, Kupor admitted in a hot mic moment that he intentionally filmed a video in front of a blank wall while he was working from home so he wouldn’t get blowback over working at home.

A spokesperson said that Kupor was taking a day off and therefore was not considered to be teleworking. Still, the episode illustrates the tension at the heart of the RTO debate: Even as companies and governments argue that workers are better off in the office, the appeal of working from home can sometimes be difficult for anyone—including the people making those rules—to ignore.

This story was originally featured on Fortune.com

This post was originally published here. 

Israel knows the devastating effects that incitement and political violence can wreak on the fabric of a taut society. It can tear it in two.

One only has to look back to November 4, 1995, when prime minister Yitzhak Rabin, the target of vicious incitement campaigns over his support of the Oslo Accords, was gunned down by far-right ultranationalist Yigal Amir. Israel has not been the same ever since.

Although the country has not experienced another political assassination, the specter remains always just under the surface. Security for elected officials was heightened, and warnings from Israel’s security services about the threat of political violence have accompanied every election campaign since that dark day in November 1995.

That’s why the decision, as reported by N12 on Saturday night, by Shin Bet (Israel Security Agency) chief David Zini not to provide Yashar Party head Gadi Eisenkot with a security detail is so perplexing and worrisome.

Eisenkot has emerged as Benjamin Netanyahu’s leading challenger in the October 27 poll. The decision was reportedly made despite regular threats directed at Eisenkot on social media and warnings from the defense sector that Iran and other hostile actors may attempt to target current and former senior officials.

Israel Security Agency (Shin Bet) Director David Zini visits at Mount Herzl Military Cemetery in Jerusalem during Memorial Day which commemorates the fallen Israeli soldiers and victims of terror, on April 21, 2026.  (credit: CHAIM GOLDBERG/FLASH90)

Eisenkot’s campaign field director wrote to Zini and other security officials in June saying the Yashar leader had been forced to hire a private security firm because he was not receiving state protection.

According to the N12 report, Zini’s representatives told Eisenkot’s staff that while the Shin Bet would not provide him with a security detail, the agency would assign a liaison and gather intelligence if concerns emerged about an exceptionally serious incident. However, the request for permanent protection was denied.

Netanyahu, Lapid, leading candidates in 2022 election, both received full security detail

In the last election campaign in 2022, both leading candidates, Yair Lapid and Netanyahu, were provided with full security details – Lapid as sitting prime minister and Netanyahu as a former leader as part of the lifelong package for past heads of government.

Following Zini’s decision, Eisenkot’s campaign submitted its objections in writing to the Shin Bet, Israel Police, and the attorney-general, warning that physical threats against the former IDF chief of staff were escalating, and he called for the decision to be reversed.

“The atmosphere on the Israeli street, as well as on social media, is becoming increasingly heated, and threats are emerging and multiplying,” the letter said.

Just last week, N12  reported that Zini was considering providing Eisenkot with an armed detail amid indications that Iran was increasing efforts to harm Israeli leaders as elections drew close.

The decision not to grant Eisenkot state protection during the campaign is playing with fire. One only has to scroll on social media or watch one of the TV news talk shows to see that the level of vitriol on all sides of the political fence is reaching alarming proportions.

Zini’s decision politically motivated?

The suggestion has been raised by the Eisenkot team that Zini’s decision was politically motivated. The letter sent by his team in protest alleged that the government, the Ministerial Committee on Shin Bet Affairs, and the committee’s chairman “are failing to fulfill their personal responsibility for political and ulterior motives and are avoiding carrying out their duties.”

Eisenkot’s campaign further alleged that a consideration in denying the security detail was a desire to avoid images of Eisenkot looking “prime ministerial” by appearing in public surrounded by security personnel – images which could boost his stature in the public eye.

Although that sounds somewhat conspiratorial, it’s worth noting that the chairman of the Ministerial Committee on Shin Bet Affairs is Netanyahu, and its members consist of Defense Minister Israel Katz, Justice Minister Yair Levin, National Security Minister Itamar Ben-Gvir, and Education Minister Yoav Kisch.

Zini has already faced claims that he’s a Netanyahu appointee who has pledged allegiance to the prime minister. Now is the time to smother those charges and demonstrate that the decisions of the Shin Bet are being made with solely professional considerations in mind, and not according to political alliances.

Granting Gadi Eisenkot a state security detail leading up to the October 27 election is the surest way to clear the air. And more importantly, doing so will help ensure that another devastating national tragedy has less of a chance of taking place.

This post was originally published on here. 

After almost two weeks in custody, the Petah Tikva Magistrate’s Court on Sunday ordered the release of the young woman suspected of impersonating a man and forming relationships with women, placing her under house arrest for 10 days.

Police have attributed allegations of rape and indecent acts to her, and the State Attorney’s Office is expected to soon file a serious indictment against her.

During the hearing, the suspect asked the court to release her and revealed that she had previously served as a police officer for two years.

“I have no criminal record. I was a police officer for two years. Everything I did was because I was in a low place in my life,” she said. “I want to go home. I do not intend to obstruct the investigation, I was a police officer and I know how things work.”

Following the hearing, the court ordered her release to 10 days of house arrest after she had spent roughly two weeks in custody.

Police examining how long the suspect deceived women online

According to police suspicions, the complainants’ consent to the alleged acts was obtained through deception, as they believed the person with whom they were in a relationship was a man. Police suspect that, as part of those relationships, the suspect caused some of the women to perform sexual acts on themselves.

The investigation began on July 26, after several women in their 20s arrived at a police station and provided testimony. Each woman described a similar pattern to investigators: a relationship that began online with someone who introduced himself as “Orel Hazan.”

According to police, the person behind the profile and male identity throughout the period was the same young woman.

Investigators believe the suspicions do not center on a single incident or a short period of time. Police are examining the possibility that the alleged pattern continued for years and are working to determine whether additional women had relationships with someone who presented himself as “Orel Hazan” and were harmed in a similar manner.

So far, police have collected testimony from five women. One complainant told investigators: “For months we were in a romantic relationship, until I discovered that it was a woman.”

Her attorney, Erez Bar Zvi, said after the hearing: “I am glad that with the agreement of the police, my client was released under conditions. We are confident that once the facts become clear, the case will be closed with nothing.”

This post was originally published on here. 

Environmental Protection Agency Administrator Lee Zeldin is warning states and communities against broadly blocking new data centers, arguing that stopping construction across the United States could allow China to take the lead in artificial intelligence.

Zeldin acknowledged that communities have legitimate concerns about electricity costs, water consumption, pollution and the strain large data centers can place on local infrastructure. But he said those problems should be addressed project by project instead of through sweeping bans.

“What we can’t do is just say, well, let’s not have any data centers built all across the entire country and let’s just let China win,” Zeldin said Sunday.

His remarks come as opposition to data centers grows across the country. Residents and elected officials have raised concerns that the enormous facilities could consume large amounts of electricity, increase utility bills, require new power plants and place additional pressure on water systems.

New York imposed a one-year moratorium on permitting new large-scale data centers while the state studies their energy and environmental effects. Hundreds of local jurisdictions nationwide have enacted or considered restrictions, moratoriums or tighter approval requirements.

Zeldin has criticized New York’s approach as an “easy way to cop out,” arguing that state and local governments should remain engaged with developers and negotiate protections for their communities.

The EPA administrator said the federal government would not establish one nationwide environmental standard for every data center because conditions differ widely among states and individual projects. Some facilities, for example, use closed-loop cooling systems that sharply reduce their need for a continuous local water supply.

The Trump administration views data centers as essential national infrastructure. They house the advanced chips and computer systems needed to train and operate artificial-intelligence models, support cloud computing and process the rapidly expanding volume of digital information used by businesses and government agencies.

China is simultaneously investing heavily in domestic computing capacity, power generation and artificial-intelligence infrastructure. U.S. officials fear that delays in constructing American data centers could limit access to computing power and weaken the country’s position in the global technology race.

The challenge is finding a balance that protects communities without stopping development entirely.

Data centers can bring billions of dollars in construction investment and new tax revenue, but they generally employ fewer permanent workers than traditional factories of comparable size. The facilities can also require as much electricity as a small city, creating concerns that residential customers could ultimately shoulder part of the cost of expanding the power grid.

Zeldin’s position is that those risks require negotiation, transparency and local safeguards—not a nationwide retreat from building the infrastructure that will power the next generation of American technology.

JBizNews Desk | Washington

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Hedge funds are increasing bets against the U.S. dollar as investors question whether the Trump administration’s coming fiscal plan will be strong enough to calm concerns over America’s growing debt and budget deficit.

Leveraged funds expanded their short-dollar positions during the week ended Aug. 18, according to the latest Commodity Futures Trading Commission data cited by Bloomberg. A short position allows traders to profit if the dollar falls.

The shift reflects growing pressure across U.S. financial markets.

The national debt has crossed $40 trillion, the federal deficit is on course to exceed $2 trillion this fiscal year and interest expenses have climbed to nearly $1.2 trillion. Those concerns recently pushed the yield on the 30-year Treasury bond to its highest level since 2007.

Treasury Secretary Scott Bessent attempted to stabilize the bond market by announcing that the government would at least double planned purchases of longer-dated Treasury securities. The buybacks will increase from approximately $2 billion to at least $4 billion per operation beginning in September, with Bessent saying they could grow further if necessary.

The announcement initially lowered Treasury yields, but much of that improvement quickly disappeared. The dollar also weakened as investors concluded that buying back bonds could improve market liquidity without solving the underlying deficit problem.

Bessent has promised a broader fiscal-consolidation plan, expected as early as this week, developed with President Donald Trump and White House budget director Russell Vought. The administration is expected to focus on spending reductions, stronger economic growth, fraud prevention and additional tariff revenue.

Markets will be watching for specific numbers.

Investors want to know how much spending the administration intends to cut, how quickly the deficit could decline and whether the government can reduce its reliance on increasingly expensive borrowing. A plan lacking firm targets could place additional pressure on both Treasury bonds and the dollar.

A weaker dollar carries mixed consequences. It can make American exports more competitive and increase the overseas earnings of U.S. multinational companies. But it also raises the cost of imported products, international travel and commodities priced in dollars, potentially adding to inflation.

For businesses and consumers, the more immediate concern is the bond market. Persistently high Treasury yields feed directly into mortgage rates, business loans, auto financing and the federal government’s own borrowing costs.

Hedge funds are not necessarily predicting a collapse in the dollar. Their positions show that some of the world’s most aggressive traders now believe the risks are tilted toward further weakness unless Washington delivers a credible plan for controlling its finances.

JBizNews Desk | Washington

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“At dawn begins an economic D-Day [against Iran],  the single greatest financial offensive ever marshalled against an adversary,” US Treasury Secretary Scott Bessent wrote in an opinion piece in the Financial Times on Sunday, echoing US President Donald Trump’s statements on Truth Social last week.

“Our objective is to sever every economic lifeline that sustains the tyrannical regime until Tehran stands alone,” he added.

The US military has “significantly dismantled Iran’s military capabilities and weakened its nuclear programme. Now we are entering endgame,” Bessent wrote.

“President Trump has decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” Bessent said in the FT, “The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace.”

“Those who sever Iran’s remaining financial and commercial connectivity will reinvigorate their own. They will deepen their access to global capital, reinforce confidence in their markets and attain the standing they seek in the world economy.”

US Treasury Secretary Scott Bessent stands behind U.S. President Donald Trump who speaks to the media on the day of a NATO leaders' summit in Ankara, Turkey, July 8, 2026. (credit: REUTERS/UMIT BEKTAS)

The treasury secretary added that continued economic support will have negative consequences, saying “any nation that serves as a financial artery of a withering regime should expect to share in its isolation.”

“Those who fear the danger of defying Tehran ought not to discount the cost of testing Washington,” he said, “Any remaining tie to Tehran will hasten the economic ostracism of countries and entities, whether that tie be purposefully constructed or wilfully ignored.”

The FT piece follows an interview Bessent gave to CNBC, and a series of statements from Trump which were posted to Truth Social about economic sanctions on Iran.

Bessent said US would ‘squash’ Iranian economy

“We are going to collapse this [the Iranian] regime,” Bessent told CNBC on August 20. “You are either with us or against us – we are going to squash the economy of this murderous regime.”

Bessent explained that the US will be increasing economic pressure pressure on Iran, adding that if any of American allies continue doing business with Iran, whether transferring money, or buying their oil, “then the US Treasury and the US government, they will put its full might and force toward enforcing against you.”

“I see lots of reports that said, ‘oh, well, this has never worked.’ It does work, because we have a combination. It is a one-two punch,” Bessent told CNBC. “We have the blockade, and we are going to have the toughest sanctions in history. And I will tell you, this will work. It worked in Venezuela once we put up the blockade. It is working in Cuba right now. And it is going to work in Iran, and we are going to collapse this regime.”

“This is going to be the greatest coordinated economic isolation in the history of the world.”

Statements from Trump about economic sanctions on Iran

Trump warned on August 19 that there would be significant economic consequences for any country that provided “any type of lifeline to Iran.”

In a post on Truth Social, Trump said Iran would face “Economic Warfare and Isolation on an unprecedented scale.”

“ANY country that allows its financial institutions, businesses, airports, or government entities to provide any type of lifeline to Iran will itself face TREMENDOUS Economic Consequences,” Trump wrote.

The president also announced that the US would enact “an ECONOMIC D-DAY” against Iran.

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UK Prime Minister Andy Burnham will visit Ukraine on Monday on his first overseas trip since taking office, and will announce British support to help Kyiv improve its domestic production of long-range missiles.

Burnham will be in Ukraine to co-chair a meeting of the so-called Coalition of the Willing, a group of countries backing Ukraine, on Monday when he is also due to meet Ukrainian President Volodymyr Zelensky.

He is set to announce that Britain has agreed to allow European missile manufacturer MBDA to release classified information on British-made components used in the SCALP long-range cruise missile, according to his office.

That will help enable France and Ukraine to establish local assembly lines for the missile, which shares British and French technology, according to Downing Street.

“Ukraine’s security is our security,” Burnham said in a statement, adding that Britain would stand by Ukraine “for as long as it takes.”

British Prime Minister Andy Burnham interacts with the President of Ukraine, Volodymyr Zelensky, during their visit to Portsmouth Naval Base to meet UK and Ukrainian troops, July 27, 2026. (credit: Simon Jones/Pool via REUTERS)

Britain has been one of Ukraine’s strongest supporters since Russia’s full-scale invasion in 2022, providing military support, economic aid and diplomatic backing.

Britain was the first country to announce plans to supply Ukraine with Western-made battle tanks and long-range cruise missiles following the invasion and has pledged more than £25 billion so far in military and civilian support.

Reassurance of UK support for Ukraine

Moscow warned London last week of “consequences” for supplying drones to Kyiv, accusing Britain of deepening its involvement in the war following a report ​that British-made drones had been used for long-range strikes against Russia ​for the first time.

Burnham is expected to use his visit to reassure Ukraine and its allies that Britain would continue to play a leading role in efforts to strengthen Ukraine’s security under his government.

The push to expand Ukraine’s domestic missile production comes as Ukraine increasingly relies on long-range drones and strike weapons to target Russian oil refineries and logistics facilities far behind the front lines.

The visit comes weeks after Zelensky traveled to Britain in late July as Burnham’s first international guest, following the Labour leader’s election as prime minister a week earlier.

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A financial crisis that has long been predicted by Russia experts and Kremlin insiders appears to have finally arrived as banks see depositors scramble to pull out their money amid fears it may be seized.

In the first half of August, Russians withdrew $3.4 billion (286.4 billion rubles), according to central bank data cited by the Washington Post. That’s after $7.3 billion was withdrawn in July and $4.5 billion in June.

“Drones are flying. Things are burning down. Nervousness is growing. And people’s everyday wisdom may be kicking in that they need to have cash under their pillow and not somewhere in banks where it may never be returned,” a former finance official told the Post, adding that banks have much of their capital tied in loans elsewhere.

The situation echoes the iconic scene from the movie It’s a Wonderful Life, when panicked depositors show up at the Bailey Bros. Building & Loan demanding their cash, only to learn that it’s not all there.

The bank run in Russia may not be as dramatic or precipitous. But the stampede out of lenders this year is on track to nearly double the $24.7 billion pace that was seen in 2022, when Vladimir Putin launched his invasion of Ukraine.

Back then, Russia was flush with cash and expected to pay for a short war. But more than four years later, the invasion has turned into a quagmire that has crushed the Kremlin’s finances.

The budget is sinking into deeper deficits, the sovereign wealth fund has been nearly depleted, and tax hikes are straining consumers who are already struggling with high inflation.

Moscow has directed banks to offer capital to the defense industry, but many of those loans turned into bad debts. Now, the financial sector’s loss of deposits has created a liquidity crunch so severe that it’s threatening Russia’s ability to fund its war.

Taras Skvortsov, a senior executive at top retail lender Sberbank, told Russian radio that many banks don’t have cash on hand to buy government bonds.

In fact, the finance ministry halted bond auctions indefinitely last month amid higher borrowing costs and weak investor demand. The auctions are the Kremlin’s main source of domestic borrowing to fill its budget deficit, which hit $76 billion at the end of July.

As the government’s sources of funding dry up, ordinary Russians fear their money may be next. The leader of Russia’s Communist Party told parliament recently that 130 trillion rubles held in bank accounts should be “mobilized” to address the country’s economic and budget woes.

Meanwhile, the finance ministry is preparing legislation that could let it gain access to $40 billion in pension savings held in privately managed funds.

That’s after Russian oligarchs have seen their businesses nationalized, with $51.5 billion in assets seized for the state last year.

“If the government needs cash, Putin will just do a grab for assets. He doesn’t care,” an associate of a Russian billionaire told the Post. “And that’s where I think it’s heading.”

Warnings about Russia’s finances have been building for months. In June 2025, Russian banks raised red flags on a potential debt crisis as high interest rates weighed on borrowers’ ability to pay off loans. Also that month, the head of the Russian Union of Industrialists and Entrepreneurs warned many companies were in “a pre-default situation.”

The Center for Macroeconomic Analysis and Short-Term Forecasting, a state-backed Russian think tank, said in December the country could face a banking crisis by October if loan troubles worsen and depositors pull out their funds.

Earlier this year, Russian officials told Putin that a financial crisis could hit by the summer amid spiraling inflation. 

In May, sources told the Russian newspaper Izvestia that nearly 25% of the bond market is now at risk of default as businesses that borrowed at low rates must refinance at much higher ones. The volume of debt that needs to be rolled over this year is about double from last year, adding pressure on cash flows and raising competition for liquidity.

And according to a European intelligence report this past June, Russian lenders are vulnerable due to soaring indebtedness and deteriorating loans. It said the number of Russians who declared bankruptcy last year jumped by almost a third to more than 500,000.

“The situation creates the illusion of a dynamic economy ⁠that, in reality, conceals an explosive situation which an economic shock, such as an ambitious package of sanctions against banks … could trigger,” the report added, according to Reuters.

The worsening state of Russia’s financial sector mirrors its performance on the battlefield. New Ukrainian tactics and drones have halted Russia’s advance, decimated the country’s oil infrastructure, and pushed casualties above the replacement rate.

And just like Russia’s search for money to seize, reports indicate the military is preparing to ramp up the number of men it seizes to fill the ranks.

Authorities have already been using coercive tactics to find fresh troops. Now, sources told the Wall Street Journal that the military is preparing plans and procedures for a wider mobilization.

But because of an expected political backlash, the Kremlin may wait until after parliamentary elections next month to announce it.

An earlier mobilization in September 2022 set off a mass exodus of hundreds of thousands of men, who fled to neighboring countries like Georgia and Kazakhstan.

Rumors of a new one have already sent cross-border traffic soaring. In addition, property prices have jumped recently in Georgia and Armenia in anticipation of another exodus, real estate agents told the Journal.

This story was originally featured on Fortune.com

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The United States is putting another $500 million into seven domestic critical-mineral and battery projects, backing everything from lithium extraction in Utah to what could become the country’s only cobalt refinery as Washington tries to reduce one of the most consequential vulnerabilities in American manufacturing.

The Department of Energy selected the projects from hundreds of applications under its battery-materials processing and manufacturing programs. Three companies — Lilac Solutions, Jervois and Nth Cycle — are receiving $100 million each, while additional grants will support battery recycling, electrolyte chemicals and next-generation anode materials.

The money is not simply about electric vehicles.

Lithium, cobalt and other battery materials increasingly sit at the intersection of automobiles, consumer electronics, power storage, artificial intelligence infrastructure and national defense. Many of those supply chains remain heavily dependent on foreign processing, particularly China.

That dependence is what Washington is trying to change.

Lilac Solutions will receive $100 million for a direct-lithium-extraction facility at Utah’s Great Salt Lake. The BMW-backed company expects the operation to open by 2028 and eventually produce about 5,000 metric tons of lithium annually.

Direct lithium extraction is important because it attempts to pull lithium from brines without relying on the enormous evaporation ponds traditionally associated with lithium production. If the technology proves commercially viable at scale, it could open domestic resources that previously were difficult or uneconomic to exploit.

Another $100 million is going to Jervois, which controls a large cobalt deposit in Idaho.

The company plans to build what would be the only cobalt refinery in the United States.

That distinction illustrates the problem Washington is confronting. America can possess mineral deposits underground and still remain dependent on another country if it lacks the facilities needed to process those materials into usable industrial products.

Cobalt is used in certain batteries, electronics and defense applications. Jervois was taken private last year following a restructuring brought on partly by weak cobalt prices, demonstrating another difficulty in rebuilding domestic mineral supply chains: American projects must compete against global producers that can often supply material more cheaply.

The government is effectively trying to make strategically important projects viable even when commodity markets alone may not provide enough incentive to build them.

Nth Cycle will receive another $100 million to construct a facility processing “black mass” — the concentrated material created when used lithium-ion batteries are shredded.

Black mass contains recoverable lithium, nickel, cobalt and other valuable metals.

Instead of shipping those materials abroad for processing, Washington wants more of that recycling chain to remain inside the United States. The administration earlier this month blocked exports of black mass, increasing the pressure to develop enough domestic capacity to handle it.

Three additional companies will receive $50 million each.

Princeton NuEnergy is working on technology that reprocesses battery cathode materials. Arcanum Ventures produces chemicals used in battery electrolytes. Coreshell Technologies is developing silicon-based battery anodes as an alternative to graphite, another material whose global supply chain is heavily concentrated overseas.

The arithmetic explains why these projects matter.

Building a battery in America does not create a genuinely domestic supply chain if the lithium, cobalt, graphite, cathode materials and electrolyte chemicals still have to cross oceans before reaching the factory.

A disruption at any one of those stages can slow production regardless of where final assembly occurs.

That vulnerability has become more important as batteries move beyond electric cars.

Large battery systems increasingly stabilize power grids and support data centers. Defense contractors need critical minerals for weapons and electronics. Automakers are investing billions in U.S. battery plants. Consumer-electronics companies depend on many of the same materials.

The result is that minerals once treated largely as commodities are increasingly being viewed as strategic infrastructure.

President Donald Trump has said he wants the United States to become a global minerals superpower, and the administration has been using grants, loans, government investments, trade restrictions and other tools to accelerate domestic production.

The $500 million announced Thursday is relatively small compared with the tens of billions being invested in American semiconductor and battery factories.

But it targets something those factories cannot operate without: the materials entering through their front doors.

America has spent years building more capacity to manufacture advanced products domestically.

Washington’s next challenge is making sure the country can also supply what those factories are made from.

JBizNews Desk | Washington

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Greece has moved a Patriot air defense battery to Crete following threats by senior Iranian officials against US bases in Europe, Greek newspaper Kathimerini reported on Sunday.

The battery, personnel and equptment were moved overnight and are expected to be deployed near the Souda military base. Greece’s Defense Ministry and armed forces remain on heightened alert as officials assess the potential threat to critical infrastructure and military facilities as tensions rise with Iran, Kathimerini added.

The report explained that allied intelligence was concerned that Iran still has a significant number of ballistic missiles, with a reported range of over 2,000 km which would place parts of southeastern Europe, including Greece, within range.

The Patriot defense system was deployed in March to protect against ballistic missile threats. 

Kathimerini added that Athens is in contact with the US and Israel over potential threats to military bases in Greece and Cyprus.

Defense Minister Israel Katz shakes hands with his Greek counterpart Nikos Dendias at the Defense Ministry in Athens, Greece, January 20, 2026 (credit: REUTERS/Louisa Gouliamaki)

Tehran considering attacking US bases in Europe if conflict escalates

Sources close to the regime in Tehran warned that Iran may attack US military targets in Europe if US President Donald Trump escalated the conflict.

The Financial Times reported that Tehran was seriously examining the options available to it to raise the stakes in the conflict, with many at the top of the regime seeing the renewal of the full-scale military confrontation as only a matter of time

Two sources familiar with the details told the Financial Times that Iranian forces already conducted situational assessments regarding the possibility of attacking American assets in southeastern European countries.

A prominent example of this is Bulgaria, which only last month approved the use of the Bessemer air base for US military refueling aircraft. Another source added that Cyprus, where a British air base was attacked by a drone last March, is also on the list of potential targets for retaliatory action in the event of a renewed American attack

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Rafi Rom, an Israeli who has lived in Athens for 12 years, claims he was removed from a social event in the city on Saturday night after organizers learned that he was Israeli and Jewish.

According to Rom, security guards told him he had to leave because he allegedly posed a “security risk,” despite the fact that he had not done anything unusual and was not told what specifically constituted that risk.

The incident took place at an event hosted by Nomad Hub Greece, a community that organizes gatherings for digital nomads, remote workers, foreign residents, and travelers. Rom said he had attended events hosted by the community in the past.

The event was held at the 21 Grams rooftop bar in Avissinias Square in central Athens. It was advertised as an international social gathering open to the public, with free entry through advance registration, music, and views of the Acropolis. According to the event listing, 76 people had confirmed their attendance.

“When I arrived, there were already 50 or 60 people there,” Rom told Walla. “I entered, ordered a beer, and started talking with people. I introduced myself as Jewish and Israeli.”

Pro-Palestinian demonstrators carry a banner during a protest against the arrival of an Israeli cruise ship in the port of Piraeus near Athens, Greece, June 12, 2025.  (credit: REUTERS/Louisa Gouliamaki)

Security guards removed Rom from the event, calling him a ‘security risk.’

Rom said that among those at the event was someone he knew from previous gatherings, a Lebanese Christian man, who he believes was likely one of the hosts.

“I saw him talking with the security personnel,” he said.

Rom said that several minutes later, while he was standing alone and away from other attendees, security guards approached him.

“They told me that the event organizer wanted me to leave the place because I was a ‘security risk.’ I was shocked. I asked why and what exactly I had done, but they just repeated the claim that I posed some kind of threat,” he said.

Rom said that until that point, he had not confronted anyone, caused a disturbance, or been told that his behavior was inappropriate. He said the only thing that happened before he was removed was that he introduced himself to other attendees as Israeli and Jewish.

“It is clear to me that the only reason is my background. What security risk do I pose? It is important that people know this happened. This incident shook me,” he said.

Rom said he struggled to process the situation while it was happening.

“During the event I was probably in shock, and the fact is that I did not pull out my phone to document it and I did not even protest loudly. I did protest, but politely, maybe too politely.”

He said that only after leaving the venue did he begin to understand the significance of what had happened.

“I was left with a very painful feeling of insult and humiliation. I have lived in Athens for 12 years, and I never expected to be removed from a social event that presents itself as open to people from around the world, simply because I am Israeli.”

Rom said he does not intend to attend events hosted by the same organizer in the future.

“Clearly, I personally will no longer attend events by that host. It is important to warn others as well.”

He said the incident left him especially hurt because the gathering was presented as an international event open to people from around the world.

As of publication, Walla has not received a response from the event organizers or venue representatives regarding his claims.

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The US ambassador to Turkey and special envoy to Syria and Iraq, Tom Barrack appeared to reverse his previous comments on the status of the Golan Heights in recent days, backing the US recognition of the area as Israeli territory in a statement to the Associated Press on Sunday.

“United States policy on the Golan was set by President Trump in 2019 and is unchanged,” he said, contradicting his claim in an interview with Mario Nawfal on Friday where he stated that Israel occupies the Golan Heights.

“They still occupy the Golan against the UN resolutions, against all of the international order, which has said the Golan is Syria’s,” Barrack said then, despite the US having recognized the area as Israeli for almost a decade.

The interview took place against the backdrop of Israel’s strike on the Abu al-Duhur military airfield in Idlib last week. Israel claimed that Turkish troops were ready to deploy at the base, a claim that Turkey denied.

Syrian negotiations primarily on Israeli withdrawal from areas besides Golan

Israel conquered the Golan Heights in the Six-Day War, annexing the area by law in 1981. UN Security Council resolution 497, passed only days later, rejected the annexation as “null and void.”

VIEW OF snow on Mount Hermon in Syria, as seen from the northern Golan Heights, in Jan. (credit: FLASH90)

In 2019, Trump recognized the Golan Heights as Israeli, as a part of pro-Israel moves including the recognition of Jerusalem as Israel’s capital and moving the US embassy there.

Syria never rescinded its claim to the Golan Heights, and after Ahmed al-Sharaa took power in December of 2024, the question the area’s status entered the spotlight once again.

During negotiations between Israel and Syrian officials in Jordan on Sunday, the Syrian delegation asked to separate negotiations over the Golan Heights, appearing to prioritize the matter of Israel’s withdrawal from areas captured after December 2024.

Barrack said strike on Syria may have been political

Barrack condemned Israel’s strikes on the Idlib airbase, calling them “serious and worrisome.”

In Friday’s interview, Barrack suggested that Israel may have intended to provoke a faceoff with Turkey through its strike. Barrack also said the strike could have had political motives, with Israeli elections scheduled for October.

Following the attack, Barrack said the US would work to establish a deconfliction mechanism between Israel, Turkey, and Syria, insisting that increased communication would be necessary to prevent violence.

“Syria has demonstrated itself to be a responsible and stable sovereign neighbor, and a carefully structured de-escalation arrangement would contribute significantly to greater calm and predictability across the region,” Barrack told The Jerusalem Post.

Amichai Stein and Reuters contributed to this report.

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Civil Administration forces rescued three Israeli Jews in recent hours after they entered Palestinian Authority areas on Sunday night.

The incidents occurred near Bethlehem, Jericho, and Ramallah, which fall under the West Bank’s Area A. Israelis are generally prohibited from entering Area A.

Earlier Sunday, the Civil Administration received a report about an armed Israeli Jew who was spotted near the village of Ein Arik, located in the Binyamin area. Officers from the Binyamin Coordination and Liaison Administration worked to rescue him through coordination channels, and he was transferred to an IDF team.

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 intentionally entered the Palestinian city.

An armed Israeli enters the Palestinian village of Ein Arik

Woman was taken to Hebron by force earlier in August

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 he was quickly handed over to them.

All three incidents were transferred for further handling by the Judea and Samaria District Police. The security establishment reiterated that entering Area A, which is under the control of the Palestinian Authority, is life threatening and prohibited by law.

In a separate incident earlier this month, a woman in her 20’s living in central Israel who had been forcibly taken to Hebron was located and rescued by authorities.

Israeli police, IDF troops and Palestinian Authority police were involved in the rescue operation.

The woman had been taken to the West Bank city by her relatives, who were detained and will be transferred to the Tel Aviv district for further investigation, police said, adding that the woman was in good health at time of rescue.

Jerusalem Post Staff contributed to this report.

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Dog owners are being urged to check their pet food after thousands of cases of canned dog food sold in the U.S. and Canada were recalled over potential metal contamination.

Fromm Family Foods is recalling roughly 5,800 cases of two wet dog food products after receiving complaints of metal contamination, according to a company announcement posted by the Food and Drug Administration.

The recall covers 3,852 cases of Fromm Turkey Pâté Wet Dog Food and 1,973 cases of Fromm Diner Classics Milo’s Meatloaf Pâté Wet Dog Food.

The products were distributed through neighborhood pet stores and online retailers across the U.S. and Canada.

DOG FOOD LINKED TO NEARLY 200 REPORTS OF POTENTIAL CANINE VISION LOSS, PROMPTING MASSIVE RECALL

No illnesses or injuries tied to the products have been reported, but ingesting metal can pose serious risks to dogs.

The company said symptoms can include choking, vomiting, loss of appetite, lethargy and stomach discomfort. Sharp pieces of metal can cause cuts to the mouth and gastrointestinal tract, while larger amounts could lead to a partial blockage or intestinal obstruction.

The affected Turkey Pâté comes in 12.2-ounce cans with UPC 072705118700 and lot code EP2A3306 551006.

The recalled Milo’s Meatloaf Pâté comes in 12.5-ounce cans with UPC 072705132324 and lot code EP2A3306 551029.

TESLA RECALLS NEARLY 3M VEHICLES OVER DOORS THAT MAY BE DIFFICULT TO OPEN AFTER CRASHES

Both have a best-by date of March 2029.

Fromm said it identified the error behind the recall and has taken corrective action to prevent it from happening again. The company did not provide further details about the source of the potential contamination.

A representative for Fromm Family Foods did not immediately respond to FOX Business’ request for comment.

No other Fromm products are affected.

E COLI AND SALMONELLA OUTBREAK LINKED TO ALFALFA SPROUTS SICKENS DOZENS ACROSS MULTIPLE STATES

Consumers should stop feeding the recalled food to their dogs and return it to the retailer. Owners whose dogs ate the products and are experiencing symptoms should contact a veterinarian.

The recall comes just days after another dog food company pulled nearly all of its fresh meals amid reports of potential eye problems in dogs.

U.K.-based subscription pet food company Years said earlier this week that 192 customers had reported potential eye issues in their dogs, including sudden bilateral dry eye, a condition that can lead to permanent vision loss in severe cases if left untreated.

Years is investigating whether potentially contaminated buckwheat used in its meals could be a contributing factor. The company said no causal link between its food, buckwheat and the reported eye problems has been established, and testing remains underway.

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That recall is separate from the Fromm action.

Consumers with questions about the Fromm recall can contact the company at 1-800-325-6331 on weekdays from 8 a.m. to 4:30 p.m. CT or at info@frommfamily.com.

This post was originally published here. 

In the hills of Emilia-Romagna, a bank vault holds more than half-a-million wheels of Parmigiano Reggiano, worth well over 300 million euros.

The vault belongs to the bank Credito Emiliano, known colloquially as Credem, which has accepted young wheels of Parmigiano Reggiano as collateral for loans to local dairy farms since 1953.

But now, extreme heat is threatening Italy’s “cheese banks,” and economists who study heat’s effect on growth say the exposure runs well beyond a single vault but into the country’s vineyards, its olive groves, and its broader economy.

A blockchain-backed cheese loan collateral program

After receiving the wheels of cheese from dairy farmers, a Credem subsidiary, Magazzini Generali delle Tagliate, ages the wheels in two warehouses in Reggio Emilia and Modena. Producers typically receive 60% to 80% of a wheel’s value upfront.

But the process has come a long way from the 1950s, as blockchain technology now lets farmers pledge wheels even while the cheese stays in their own facilities, doubling Credem’s lending capacity. The arrangement solves a real problem: Parmigiano needs at least 12 months to age, often 24 or 36, and small family farms can’t easily keep that much inventory tied up for that long without generating some cash. So the bank provides some before any sales are made.

The scale of that arrangement is bigger than the vault itself. Italy produces about 4 million wheels of Parmigiano Reggiano a year, and the cheese banks hold about 500,000 of them, Giancarlo Ravanetti, who runs the bank’s cheese warehouse business, told CNN. His warehouses handle about 2.3 million wheels a year in total.

Meanwhile, Parmigiano Reggiano is a 4 billion euro ($4.7 billion) industry sustained by roughly 300 certified dairies, and keeping that much cheese at the right temperature has gotten more expensive. Thanks to this year’s record heat waves in Europe, daily energy consumption rose about 30%, forcing the bank to upgrade cooling systems and boilers, add insulation, and expand renewable power generation.

Climate change is affecting dairy farmers’ milk supply as well. Because it’s so hot outside, cows lie down more and eat less, reducing milk production by up to 10% a year. As longer and more intense heat events become all the more common, they hit both the quantity and quality of milk, ultimately driving up costs.

Climate change hits the vineyard

The same climate pressure is showing up on a similar timeline in Italy’s vineyards. In Lombardy’s Franciacorta sparkling-wine region, the 2026 harvest began July 30, the earliest start on record, after budbreak came more than a week ahead of the historical average. In Sicily, the harvest has stretched into what growers describe as a 100-day picking season across the island’s microclimates, as producers time each variety’s picking to stay ahead of the heat.

Coldiretti, Italy’s largest farmers’ association, has called 2026 one of the earliest harvests on record nationally, citing record temperatures and drought that are pushing sugar into the grapes faster than their flavor can develop, a mismatch that’s especially hard on late-ripening reds like the Nebbiolo grape behind Barolo.

Some producers have begun testing shade netting over vineyards, originally used against hail, to cut the sun exposure that would otherwise strip the grapes of acidity. Coldiretti also pointed to a cost layered on top of the weather: The conflict in Iran has added an estimated 250 euros per hectare in energy, fertilizer, and materials costs for wine producers this year, with export values already down 7% in the first four months of 2026.

But olive groves have taken the sharpest hit. Puglia and Calabria, Italy’s two largest olive oil producing regions, have seen national production fall well below its historical average of more than 350,000 tons, coming in around 270,000 to 300,000 tons for the 2025/26 season. In past drought years, Puglia’s output has fallen by more than half in a single season.

R. Jisung Park, a labor economist at the University of Pennsylvania’s Wharton School and author of Slow Burn: The Hidden Costs of a Warming World, says the pattern showing up across Italy’s cheese, wine, and olive oil industries fits a wider body of research that links heat directly to lost economic output.

A European Central Bank working paper found that the GDP hit from extreme heat is smaller in Spain and Italy than in Germany, since both those countries are more used to high temperatures. But Park said a small top-line number can still hide real damage elsewhere. “Supply-chain spillovers due to heat upstream actually lead to measurable downstream firm valuation impacts,” Park told Fortune.

That is close to what’s playing out in Emilia-Romagna, where a heat shock to dairy cows turns into a cost problem for a bank months later, and in Puglia, where a hot, dry spring turns into a production collapse hundreds of miles from where the olives grow. Park said heat’s economic toll tends to hide in these kinds of indirect, delayed effects instead of showing up all at once, which is part of why companies and governments still underprice the effects of climate change.

The U.S. has its own cheese caves

The idea of a government stepping in to protect dairy farmers from forces beyond their control is not new to the United States either. During the Great Depression, milk prices collapsed and dairy farmers dumped their own product in the street to protest.

President Franklin D. Roosevelt’s New Deal responded with subsidies for farmers who cut production and in 1933 created the Commodity Credit Corporation to buy up surplus butter, cheese, and dried milk to keep prices stable.

That policy long outlived the Depression. Decades later, the government was still buying surplus cheese and storing it in vast underground caves in Missouri, Wisconsin, and Kansas, warehouses cool enough to hold the cheese for years without spoiling.

By the early 1980s, the federal stockpile topped 500 million pounds. Italy’s cheese banks solve a similar problem with a different tool: Instead of a government buying surplus to prop up prices, a private bank lends against the cheese itself, betting that the wheels sitting in its vault will still be worth something by the time they are ready to sell.

This story was originally featured on Fortune.com

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House Democratic leader Hakeem Jeffries and President Donald Trump’s son-in-law and outside adviser Jared Kushner met privately recently in New York, a signal that the White House is seeking ways to work with Democrats if they wrest majority control from Republicans in the midterm elections.

The meeting, first reported Sunday by The New York Times, touched on issues ranging from housing, immigration to the high costs of living. People in the United States are struggling under inflationary prices that Democrats blame on Republicans, alongside Trump, for failing to get under control.

Kushner suggested that Jeffries, who is in line to become House speakerif Democrats regain power in November, meet with White House chief of staff Susie Wiles as a follow-up.

Jeffries, in a statement Sunday, did not mention the private conversation but said the Republican administration needed to drop the GOP’s “my-way-or-the-highway” approach that “has failed the American people.”

“To stop the madness, we have repeatedly made clear that an extremist approach will not work and will be met with forceful opposition,” the New York congressman said. “The question is whether Republicans will join us.”

The meeting shows the depth of Republican Party angst over losing their congressional majority, particularly the House, and the need to make inroads with the opposing party as the White House seeks to stem any potential political fallout on the president.

If Democrats retake power, the White House can expect an aggressive oversight agenda into what Jeffries has called the “crooks” in the administration, with the threat of impeachment among the many tools at the party’s disposal.

House Speaker Mike Johnson, a close ally of Trump, bristled Sunday when asked about the meeting. He minimized the role that Kushner, who he said “hedges his bets,” plays in the White House.

“I’m telling you what, you better not bet against the House Republicans,” Johnson, R-La., told Fox News Channel’s “The Sunday Briefing.”

“I don’t know what that’s about,” Johnson said. “I know Jared has interests in lots of other things going on. He’s not really directly involved in the admin, at least in the day-to-day in the White House.”

The White House did not respond to a request for comment. A representative for Kushner also did not respond.

Kushner is a familiar Trump emissary to Democrats

Jeffries and Kushner are not strangers.

The New Yorkers allied during the first Trump administration on landmark legislation to allow sentencing flexibility for certain drug offenses as a way to curtail lengthy terms in the federal prison system.

While not necessarily close, the two have maintained a relationship despite the repeated attacks Trump has leveled against Jeffries and the Democratic leader’s responses. In Trump’s second term, Kushner has an oversize role despite having no formal position in the White House. He serves as an outside adviser and envoy, particularly shuttling to foreign diplomatic missions as the U.S. war against Iran drags into its sixth month.

Trump has only met with Jeffries once since the president returned to the White House, taunting the House leader and Senate Democratic leader Chuck Schumer of New York with red “Make America Great Again” 2028 caps on the desk in front of them in the Oval Office — a nod to Trump’s toying with an unconstitutional third term in office.

After that fall meeting, Trump posted a fake image of Schumer with Jeffries wearing a sombrero with a handlebar mustache in what was widely viewed as a racist trope as he mocked the Democrats before what became the longest federal government shutdown in U.S. history.

Trump has been able to alternately ignore the Congress as he relies on the sheer force of executive power to implement his priorities or to pressure the Republicans in the House and Senate, when needed, to fall in line behind the White House, particularly to confirm controversial Cabinet nominees.

All that is likely to change if Democrats control either chamber, with lawmakers eager for Congress to flex their own power as a coequal branch of government more willing to hold the White House in check.

Republicans and Democrats race for power in midterms

House Republicans are counting on Trump’s popularity among their core voters as they struggle to hold onto majority control, with Johnson believing the GOP will defy history that tends to reward the challengers in midterms and punish the party in power.

The House GOP has a slim majority. Control will likely be won — or lost — in a handful of battleground districts as Democrats put forward candidates in what they hope will be something of a repeat of 2018, when they swept to power riding a wave of voter unrest during Trump’s first term.

While the House is most at risk for Republicans this year, he narrowly split Senate is also increasingly in play. GOP strategists worry about an enthusiasm gap on their side as Democrats appear more eager to head to the polls.

At the same time, Democrats are nominating outsider candidates, some aligned with socialist agendas over establishment backed candidates, in a sign of voter unrest with the status quo.

This story was originally featured on Fortune.com

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