Saudi Arabia is weighing whether to back a Yemeni ground campaign to retake the Red Sea coast from the Houthis, an offensive that would test forces Riyadh has spent seven months assembling out of rival Yemeni militias.

Ballistic missiles hit the commercial vessel Tihama on Tuesday in Bab-el-Mandeb, the strait at the southern mouth of the Red Sea, killing four of its crew. They were the first crew deaths from a Houthi attack since the American and Israeli war with Iran began in February.

The Houthis are the Iran-backed movement that has held Yemen’s capital and its north since 2014. They now control the Red Sea shore facing Saudi Arabia, and their weapons reach into the kingdom itself. On Aug. 9, they said a drone struck the Aramco refinery at Jazan, in southern Saudi Arabia. Yanbu, the Saudi export terminal farther up that coast, ships about 4 million barrels of crude a day.

Yemen’s Transport Ministry said three missiles struck the Tihama in succession and that the dead were three Pakistanis and an Indonesian. The coast guard put the toll at six dead and 10 wounded, including two Yemeni rescue personnel it said were also targeted. The Saudi daily Al-Watan reported three. The first account came from Al-Jumhuriya, a network owned by Tareq Saleh, a commander in Yemen’s internationally recognized government.

The Houthis did not claim responsibility for several hours. That evening, the Houthi-run channel Al-Masirah carried a statement from what it called the Yemeni armed forces announcing an operation against a ship carrying Saudi military equipment. It did not name the vessel.

A satellite imagery shows Bab el Mandeb Strait, a key shipping waterway and the gateway to the Red Sea, as Iran threatens using Yemen's Houthi allies to shut the Bab el-Mandeb gateway to the Red Sea, in this handout picture dated July 12, 2026. (credit: NASA Worldview/Handout via REUTERS)

Commercial shipping repeatedly hit

Iranian outlets, which call the group Ansarullah, reported two events that day: a commercial ship hit in the morning and a second at midday. Ambrey, a British maritime security company, said the Tihama was neither Saudi-owned nor Saudi-operated and had sailed from Mocha on Saturday.

“The whole coastline, from Bab-el-Mandeb through Mokha and Hodeidah to Ras Isa and As-Salif, is strategically important,” Mohamed Qubaty, a former Yemeni tourism and mass media minister who is acting chairman of the Southern Civil Democratic Rally, told The Media Line. “The Houthis know that eventually the outcome of any major confrontation could be tested there.”

That government, seated in the southern port of Aden, has spent a decade fighting the Houthis with Saudi backing and a decade divided against itself. Its army is a set of rival militias, some raised by Saudi Arabia and some by the United Arab Emirates, and welding them into one force is the problem Riyadh has worked on since January.

“I think Saudi Arabia is keeping its options open and taking steps to ensure that, if confrontation with the Houthis becomes necessary, it enters it from a much stronger position,” Nadwa Al-Dawsari, a Yemeni conflict analyst at the Middle East Institute and the Center on Armed Groups, told The Media Line.

Houthi missiles and drones have hit Mokha, a government-held port on the Red Sea, in seven waves, the seventh on Aug. 9, said Col. Wadhah al-Dubaish, spokesman for the Joint Forces on the west coast. Yemen’s Health Ministry put the toll at seven civilians killed and 30 wounded, two of them children; Al-Watan reported eight killed and 26 wounded. An earlier attempt on a fuel tanker inside the port killed a fisherman nearby. Missiles also hit al-Khokha, farther north.

On Aug. 5, Houthi military spokesman Yahya Saree claimed a ballistic missile strike on the Saudi oil tanker Wafa off Yanbu, and later that day, a second Saudi tanker, the Daisy, in the Gulf of Aden. Riyadh confirmed neither.

Mokha is a base for the Joint Forces, al-Dawsari said. The Houthis are trying to weaken them before they can join a ground offensive and to keep any escalation on their own terms.

Qubaty said he does not believe the Houthis can degrade them decisively. “We are speaking about formations numbering in the thousands,” he said. “The more important question is whether those formations can operate together.”

He said the Houthis may be striking before the government completes its military reorganization. “The recent strikes should not necessarily be read simply as evidence of Houthi confidence,” Qubaty said. “Preemptive violence can also reveal strategic anxiety-an attempt to disrupt forces before an adversary recovers the initiative.”

Inland, the fighting is over Marib, the government’s stronghold and the center of Yemen’s oil and gas production. The death toll from Houthi strikes there and in neighboring Hadramout on Aug. 6 ranges from 17 to 58. A military officer told Xinhua, the Chinese state news agency, that at least 35 government soldiers were killed.

China’s unique arrangement helps fund Houthis

China has an arrangement no one else does. Beijing opened direct talks with the Houthis after the July blockade and now clears its tankers one ship at a time, keeping Tehran informed, according to Chinese trade outlets and regional officials briefed on the matter. China buys most of Iran’s sanctioned crude, revenue that helps fund the Houthis.

At least four Saudi tankers bound for China have since crossed.

India has more riding on the strait than most. Saudi Arabia was its third-largest crude supplier in June, and with Hormuz shut, that oil crosses the kingdom by pipeline and leaves through Bab-el-Mandeb. Two Saudi tankers bound for India and China turned back last month.

Fertilizer is the larger exposure. Saudi Arabia supplies 42% of India’s diammonium phosphate imports under contracts signed last year for 3.1 million tons a year, and the Gulf about 70% of its urea. India buys roughly a third of the world’s traded DAP and grows its rice and wheat on it. Delayed or costlier cargoes land in the October sowing season, and from there on, food prices.

“The Houthis have demonstrated that relatively modest military capabilities – combining drones, precision-guided missiles, and small maritime platforms – can impose enormous costs on the global economy,” Harsh V. Pant, vice president for studies and foreign policy at the Observer Research Foundation in New Delhi, told The Media Line.

The divided command has long kept the government from coordinating its forces, Qubaty said. New army and air force commanders have been appointed, and integration has accelerated over the past six months.

What changed in January was that the two patrons fell out. In late December, coalition aircraft bombed a weapons shipment that reached an Emirati-linked base in eastern Yemen without Saudi permission, coalition spokesman Turki al-Maliki said. Riyadh accused the United Arab Emirates of pushing southern separatists into operations along its border, and President Rashad al-Alimi gave Emirati forces 24 hours to leave.

Saudi airstrikes stopped those separatists, the Southern Transitional Council, from taking the south outright. Its leader was charged with treason and removed from the governing council on Jan. 15, and much of the leadership is in exile or detained in Riyadh. Abu Dhabi still backs the movement, and the two approaches remain at odds, al-Dawsari said.

A Saudi general, Maj.-Gen. Falah al-Shahrani, now supervises the folding of those southern units into Yemen’s defense and interior ministries. He also oversees Nation’s Shield and the Emergency Forces, Saudi-created units struck this month.

For roughly three years, Saudi Arabia has sought to contain the Houthis while avoiding a return to full-scale war. What happens next turns on what Riyadh decides, Qubaty said. He distinguishes between preparing for contingencies and deciding to launch an offensive, and cannot conclude that Riyadh has made that decision.

Neither the United Arab Emirates nor Oman joined the 14-state maritime coalition Riyadh launched on July 30 to protect Red Sea shipping, and no Gulf partner signed the mutual defense pact Riyadh made in Mecca on Aug. 7 with Turkey and Pakistan. The Saudi Defense Ministry called the coalition purely defensive.

The Houthis called it an alliance to defend Saudi crimes, and denied charging ships to pass through the strait. Reuters reported in late July that the group was weighing transit fees, exempting Chinese vessels. “Instead of weeping over the targeted ships, stop your blockade and unjust aggression against the people of Yemen,” Saree said.

Saudi Arabia built the East-West Pipeline, known as Petroline, to move crude across the country to Yanbu and skip the Persian Gulf. But tankers leaving Yanbu for Asia must still sail the length of the Red Sea and out through Bab-el-Mandeb, past the Houthis. Houthi attacks there reduce the value of the alternative route and raise insurance and shipping costs, Qubaty said.

The Houthis have protected their military spending while many civilian employees go unpaid, Qubaty said. The group collects taxes, customs duties, and fees in the territory where most Yemenis live. Under a 2018 United Nations deal, revenue from the Houthi-held port of Hodeidah was to help pay those salaries, but about 50 billion Yemeni riyals, roughly $90 million at the rate used in Houthi areas, built up before the group took it, he said.

Mohammad Bagher Zolghadr, secretary of Iran’s Supreme National Security Council, said on Aug. 8 that the Strait of Hormuz will not open until Washington changes its behavior. His conditions include an end to operations against Iran and its allies in Lebanon, Iraq, Yemen, and the Palestinian territories, an end to the naval blockade, and sanctions relief.

Iranian influence over Houthi decisions has grown lately, Qubaty said, particularly in areas that touch on the wider regional confrontation and the chokepoints. “I would not say Tehran is necessarily in the driving seat, but it is highly influential,” he said.

Yemeni security sources told Al-Watan that Houthi leaders have converted hotels in the capital and two other cities they hold into temporary headquarters, and that officers of Iran’s Revolutionary Guard are running an operations room directing both the escalation and the group’s media line. Qubaty said Iranian and Revolutionary Guard-linked personnel have operated in Houthi-held territory for years, but declined to name individuals.

“Air and maritime power can degrade capabilities and contain immediate threats, but they do not by themselves change the territorial condition that generates those threats,” Qubaty said.

Any campaign has to be fought by Yemenis, not Americans, he said.

“A durable strategy requires three concentric circles of deterrence working together: Yemeni forces restoring sovereign control on the ground; regional partners providing the strategic support necessary to sustain that effort; and international powers securing the wider maritime environment,” Qubaty said. “None of the three is sufficient alone.”

“The strategic objective should not simply be military action for its own sake,” he said. “It should be to change the balance sufficiently that serious political negotiation becomes unavoidable.”

“The danger is that the Houthis demonstrate that an armed nonstate actor controlling strategically important territory can continue exercising coercive leverage over Bab el-Mandeb and international commerce,” Qubaty said. “That would have consequences far beyond Yemen.”

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A former Border Police officer was indicted on Wednesday on multiple counts of sexually harassing a child under 14 through Instagram, the Justice Ministry’s Police Investigation Department (PID) announced on Thursday. 

The indictment alleges that Yazan Goaya repeatedly proposed meeting the minor for sexual activity, offered money, requested photographs, and sent sexually explicit messages – even after being told that the child had not yet turned 14.

The charge sheet does not allege that a meeting or physical contact ultimately took place.

The indictment was filed with the Nazareth Magistrate’s Court by attorney Hila Cohen of the PID, the body responsible for investigating suspected criminal misconduct by police officers.

Goaya served at the time in the Jerusalem Border Police, according to the indictment.

Illustrative: Police officers guard at a police checkpoint on Highway 90 not far from the Israeli border with Lebanon, October 11, 2024. (credit: AYAL MARGOLIN/FLASH90)

Knowingly, repeatedly suggested meeting for sex with a minor

Prosecutors said they could not determine the precise dates of the alleged correspondence but that it occurred before September 15, 2024. The indictment was filed on August 12, 2026, nearly two years after the latest date provided for the correspondence.

Neither the indictment nor the department’s announcement explains the length of time between the alleged conduct and the filing of charges.

According to the charge sheet, Goaya knew the minor was under 14 but repeatedly suggested meeting for sex and proposed that the child come to his home and stay overnight.

He allegedly asked whether the minor had previously met or had sexual relations with adults, explained sexual acts, and continued sending explicit messages after the child disclosed their age and provided a date of birth.

The indictment further alleges that Goaya attempted to obtain the Instagram account of another minor for a proposed sexual encounter while continuing to make sexual proposals to the first child and offering money.

Goaya is charged under provisions of the Prevention of Sexual Harassment Law covering repeated sexual proposals and repeated comments focusing on another person’s sexuality.

Under the law, such conduct toward a child under 15 may constitute sexual harassment even if the child did not expressly indicate that the attention was unwanted, provided that the alleged harasser is not also a minor.

The investigation was conducted by the Jerusalem team of the PID. Prosecutors notified the court that they may seek a prison sentence if Goaya is convicted. 

PID’s institutional future in question

PID’s institutional future is currently before the High Court of Justice following the passage of legislation in June separating the department from the State Attorney’s Office and establishing it as a separate Justice Ministry investigation and prosecution body.

Supporters of the law, including its sponsor, Likud MK and former PID deputy director Moshe Saada, argue that the existing arrangement creates an inherent conflict because prosecutors routinely work with police officers while overseeing the department responsible for investigating them. The legislation passed 43-39 and gives the restructured department its own budget and authority to investigate and prosecute suspected crimes by police officers.

Attorney-General Gali Baharav-Miara and petitioners challenging the law argue that the new structure would replace that potential conflict with political dependence. They have pointed to the justice minister’s influence over the appointment mechanism, the ministry’s control of the department’s budget, and the transfer of powers currently exercised by the attorney-general and state attorney.

Baharav-Miara has asked the High Court to freeze implementation of the law while three petitions against it are considered. Earlier this month, the court ordered Justice Minister Yariv Levin to clarify whether he intended to advance appointments to the restructured department before the October 27 election. The court has not yet ruled on the petitions’ merits.

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A delegation from ZAKA’s International Division are providing assistance in cities across Colombia following the deadly earthquake that killed at least 250 people in the South American country earlier this week.

The earthquake struck on Monday, with a magnitude of 7.4 that shook Colombia’s coastal Choco province. According to the geological service, the quake struck at a depth of 79 km, with its epicenter near San José del Palmar.

Shortly after the initial tremor, the geological service reported an additional magnitude 4.8 seismic incident in the same region.

The delegation, which includes search and rescue personnel, doctors, engineers, and experts in preserving the dignity of the dead, have arrived in Cali, Pereira, and Chocó, as well at other locations where the earthquake hit and are working alongside local rescue teams.

In addition to the rescue and search operations, ZAKA has established a temporary clinic at one of the earthquake’s destruction sites to provide immediate medical care to those in need.

ZAKA volunteers operating at one of the sites that was struck by an earthquake in Colombia, August 13, 2026. (credit: ZAKA Spokesperson)

ZAKA operating for Jewish community, Colombian people

“From the very first moment, we began operating at the scenes of destruction, with the goal of saving lives and helping anyone who needs assistance,” said Yosef Garmon, ZAKA South America Commander and is leading the delegation. “Alongside the rescue operations, we established a temporary clinic at the scene of the destruction, where the medical teams are treating the sick and injured, providing medications, and delivering initial medical care under field conditions.

“We are operating here for the Jewish community, but also for all local residents. For us, this is a mission of mutual responsibility and one of human responsibility. We hope to sanctify God’s name and do everything in our power to provide hope, assistance, and relief to the Colombian people.”

Director of ZAKA’s International Division Baruch Nidam said that ZAKA’s International Division operates “wherever disaster strikes around the world.”

“At every scene, we bring extensive experience, professional knowledge, advanced equipment, and endless dedication,” affirmed Nidam. “In Colombia as well, ZAKA volunteers are working around the clock, shoulder to shoulder with local rescue forces, to save lives, locate missing people, and provide as much medical and humanitarian assistance as possible.

“Establishing the temporary clinic inside the disaster area is part of our effort to provide a comprehensive response to those affected, not only through rescue operations, but also through medical treatment and assistance to the population left without support as a result of the destruction.”

“ZAKA is an organization that goes to the most difficult places in the world in order to help and save lives,” ZAKA CEO Zvi Hassid echoed Nidam and Garmon. “In moments of disaster, there is no distinction between one person and another, whoever needs help, we are there for them.”

He added that the organization’s volunteers are operating in Colombia under difficult conditions in order to provide treatment and assistance, “and above all, the feeling that they are not alone,” to those in need.

Israel to send additional humanitarian delegation to Colombia

An additional humanitarian delegation from Israel is expected to depart for Colombia in the coming days, Prime Minister Benjamin Netanyahu said in a Wednesday statement, following a request for aid from Colombian President Abelardo de la Espriella.

ZAKA’s volunteers already operating on the ground are expected to join the delegation and operate alongside it at the disaster sites, according to needs on the ground and the instructions of local rescue authorities.

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Qusai Abu Ridi, a Palestinian resident whose house in the village of Kusra, south of Nablus in the West Bank, has been targeted by radical Israeli settlers in recent days, said that despite actions taken by the Israeli military on Wednesday to remove the makeshift outpost outside his house, settlers are still present in its surroundings, posing a threat to him, his family, and his neighbors. 

“The danger has not gone away,” he told The Jerusalem Post.

While the tent’s structure was dismantled, Qusai said that a group of Israeli settlers returned. “The forces left, and the settlers came back, first to a spot at the doorstep of my neighbor Youssef Hassan, and now to the place where they originally set up their tent, which is about seven meters from our house,” Qusai said. “I can see them from the window, sitting on mattresses and chairs,” he added.

“They haven’t been evacuated, and we’re afraid they will attack us. They have already thrown stones at the house a couple of times, and we have no protection.”

Qusai attributed the recent escalation to the deadly clashes that erupted in the village of Tell in the northern West Bank a couple of weeks ago, and claimed that “settlers have increased their presence and harassment since then.” 

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

Settler violence in Kusra ramped up since January

He said that the establishment of the tent a few days ago was a continuation of a series of provocations and harassment by settlers, beginning in January this year. 

“What happened in the past days has been much worse, blocking us inside the house without being able to go out. We were running out of food and water. Who can imagine something like that?” he told the Post. “And even now, it’s like nothing has changed; we feel besieged because they are still here, and if we move out of our doorstep, we are afraid they will harm us or won’t let us enter the house.”

Footage showing extremist settlers running in the West Bank village of Kusra, August 12, 2026. (credit: screenshot/section 27a copyright act)

Extremist settlers aim to ‘drag family away from house,’ Qusai said

Qusai said he believes this group of extremist settlers aims to drag him and his family away from the house, which lies on the western outskirts of the village of Kusra, and settle there. “We will hold on to our land and property,” he said. “We will not let them expel us from this land and take over. Even if we are left only with salt and water, we’ll stay here,” Qusai told the Post.

He noted he moved to the house with his wife and two girls shortly after Israeli extremists started to target the compound, which belongs to his brother, who lives in America. The brother, Louay, has American citizenship and reached out to the American embassy for help, Qusai said, and added that he is scheduled to arrive in Kusra on Sunday.

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Senior US and Israeli officials on Wednesday night denied in conversations with The Jerusalem Post a Reuters report that Israel and Lebanon had already agreed on the countries that could participate in a future international mechanism in Lebanon that would oversee Hezbollah’s disarmament and verify the Lebanese military’s activities.

Reuters reported on Wednesday, citing sources familiar with the matter, that Israel and Lebanon had agreed on the UK, Italy, Switzerland, and Indonesia as countries that could contribute troops to the proposed mechanism, under which foreign forces would be deployed in Lebanon to verify Hezbollah’s disarmament. 

However, an Israeli source familiar with the details told The Jerusalem Post that the report was incorrect. “There is no agreement on the composition of the body that will oversee and verify the Lebanese military’s work in the pilot areas. Negotiations on the matter are continuing,” the source said.

A US official also denied that an agreement had already been reached between the sides. According to the official, there is still no agreement between Lebanon and Israel regarding the countries that could deploy troops in Lebanon after the conclusion of UNIFIL’s operations, with the aim of assisting in the process of disarming Hezbollah. The US official stressed that discussions on the matter were still ongoing.

The dispute over the identity of the body that will verify the Lebanese military’s activities is one of the central issues the sides are working on as part of US-mediated talks.

People and journalists stand at a site hit by Israeli strikes that occurred in the early hours of Thursday, according to Lebanon’s state news agency NNA, in Burj al-Shamali, southern Lebanon, August 6, 2026. (credit: REUTERS/STRINGER)

Israel, Lebanon agreed to implement pilot zones

On Wednesday, a US State Department official said, following the conclusion of three days of technical talks in Rome, that while the sides had agreed on the details needed to implement the pilot areas and other aspects of the trilateral framework, including common definitions for “verification” and “clearing” the territory, significant details still remained to be resolved.

According to the US official, one of the questions still under consideration is who exactly will verify the Lebanese military’s clearing operations. The talks included discussion of the possibility of third-party verification as part of US-led diplomatic involvement that would complement the trilateral framework.

The military delegations agreed in Rome on operational parameters, shared maps, and a road map that would allow additional pilot areas to be opened at a later stage. During the next round of technical talks, Lebanon is expected to present detailed plans for securing new areas, while continuing to implement the plan in areas where it is already operating.

US expresses opposition to renewing UNIFIL mandate

The US also reiterated during the talks its opposition to renewing UNIFIL’s mandate, and Israel and Lebanon agreed to work with Washington on a future framework that would support the trilateral mechanism. The diplomatic track is expected to resume in Rome in early September, with contacts continuing in Beirut, Jerusalem, and Washington until then.

The State Department official stressed on Wednesday that despite the difficulties, Washington was satisfied with the direction of the progress. According to the official, the first pilot areas are already operational, and the teams succeeded in reaching common ground on professional terminology, maps, and procedures. However, the official warned that Hezbollah was attempting to undermine the process and that both Israel and Lebanon were facing domestic political pressure.

According to the official, the fact that teams from both sides sat together, communicated directly, and developed possible solutions was itself a significant change. The US plan is to move forward gradually, first demonstrating that the pilot areas work and only then expanding the model to additional areas.

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Hamas plans to participate in the upcoming Palestinian elections, a senior official from the Iran-backed terrorist organization told Hamas-operated Al-Aqsa TV on Wednesday.

Hussam Badran, a member of Hamas’s political bureau, said the group would participate as part of a broad national coalition.

Elections for the Palestinian Legislative Council are set to go ahead on November 28, the first in 20 years after Hamas won in January 2006. Hamas won 74 of the seats, with Fatah following behind with 45.

Badran asserted that the majority of Palestinian factions, including Hamas, opposed requiring parties to meet conditions based on their political positions to run. Those running in the election are required to formally recognize the Palestine Liberation Organization (PLO) as the sole legitimate representative of the Palestinian people.

He described the elections as “a historic opportunity to bring about change in the Palestinian situation and end the state of unilateral decision-making in the national decision that has continued for two decades.”

PALESTINIAN AUTHORITY President Mahmoud Abbas gestures during the 8th General Conference of Fatah in Ramallah in May 2026. (credit: MOHAMAD TOROKMAN/REUTERS)

Hamas: Al-Aqsa represents core of the conflict with Israel

Though he criticized the elections for not happening sooner, he also claimed that they were now occurring without a national consensus.

On Hamas’s future priorities, Badran said the group remained focused on the status of the Al-Aqsa Mosque and Jerusalem. The mosque, located on the Temple Mount, Judaism’s holiest site, has been at the center of growing tensions, with Arab and Muslim countries condemning the increased presence of Jewish worshippers and prayers at the site last week.

He claimed that the mosque represented the core of the conflict with Israel and accused Israel of exploiting the war in Gaza as an excuse to alter the status quo at the site. The Temple Mount, which houses the Al-Aqsa Mosque compound, is administered day-to-day by the Jordanian Waqf, while Israel maintains overall security control. Under the longstanding arrangements, non-Muslims may visit the site but are not officially permitted to pray there, and Jewish prayer has increasingly been framed as incitement or escalation.

Netanyahu accused of strategically expanding Israeli reach in West Bank

He added that he thought the West Bank had become part of Prime Minister Benjamin Netanyahu’s strategy to expand Israeli reach.

“The Netanyahu government has adopted the slogan of resolving the conflict with the Palestinian people, particularly in the West Bank,” he said. “As Israeli elections approach, Palestinian blood becomes the most important propaganda tool for the occupation across all its parties.”

On the issue of Palestinian prisoners, which has remained a contentious issue as international bodies have increased the pressure on the Palestinian Authority to end its financial support for those who commit terror attacks against Israel, Badran said Hamas was prioritizing securing the freedom of those currently in detention.

Hamas was able to secure the release of thousands of Palestinian prisoners in hostage-prisoner exchanges following its October 7 invasion of southern Israel, which it also used to bolster its propaganda campaign and rally support for the organization.

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Wealthy homebuyers are increasingly looking to lower-tax, business-friendly states such as Texas as taxes and regulation play a bigger role in where affluent Americans choose to live and invest, according to Mauricio Umansky, founder and CEO of global brokerage The Agency.

“That trend is definitely happening,” Umansky told FOX Business of affluent residents leaving high-tax blue cities and states. “… But not only tax friendly — business friendly.”

Umansky, whose firm has 170 offices across 17 countries, said policies that raise the cost of owning or selling high-end real estate are affecting luxury markets.

He pointed to New York City’s pied-à-terre tax and Los Angeles’ Measure ULA, commonly known as the “mansion tax,” as examples.

THE MILLION-DOLLAR HOME IS BECOMING SURPRISINGLY NORMAL

“The pied-à-terre tax is really hurtful,” Umansky said. “In Los Angeles, we have the ULA tax, which is very hurtful.”

Those policies are helping redirect some wealth toward markets including Texas, he said.

“You are seeing a lot of the wealth go, and they’re going to places like Dallas, Texas,” Umansky said. “You’re seeing a lot of growth there. So there’s a shift.”

Texas is not the only market drawing interest. Umansky said buyers with greater flexibility are considering other parts of the country, including the Southeast, as remote work gives them more freedom over where they live.

Still, Umansky said the movement of wealth does not mean traditional luxury strongholds such as California and New York are collapsing.

“We’re definitely seeing a trend of exodus, but still growth,” he said, describing the market as a “very mixed” picture.

FLORIDA ENCLAVE DETHRONED AS SILICON VALLEY AI BOOM LIFTS CALIFORNIA ZIP CODE TO NO. 1

Los Angeles is beginning to show signs of recovery at the high end, Umansky said, as sellers become more flexible on pricing and buyers begin making offers.

The Hamptons also remains strong, while California continues to generate significant wealth, including from the artificial intelligence boom. Both California and New York remain critical economic engines despite some residents looking elsewhere, Umansky said.

Umansky added, “I think it’s super imperative for our country that we continue to protect California and New York.”

His comments come as New York City faces scrutiny over its new pied-à-terre tax on luxury second homes, including recent criticism from billionaire investor Bill Ackman and Citadel founder Ken Griffin.

President Donald Trump argued in a Truth Social post Tuesday that the tax could ultimately cost the city more than it generates if wealthy property owners and taxpayers relocate to lower-tax states such as Florida and Texas.

CASH-STRAPPED HOAS RAMP UP FORECLOSURES AGAINST DELINQUENT HOMEOWNERS: REPORT

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Trump’s comments came one day after a New York judge temporarily restrained Mayor Zohran Mamdani’s administration from moving forward with parts of the tax rollout after three homeowners sued over how the city implemented the surcharge.

Staten Island Supreme Court Justice Wayne Ozzi ordered the city to take down a disputed property roll covering more than 900,000 homeowners and temporarily barred officials from imposing or collecting the surcharge based on the roll without first making the individualized determination and providing the notice required under state tax law. A hearing on the dispute is scheduled for Aug. 31, while an appeal filed by the city triggered an automatic stay of the judge’s order.

The lawsuit challenges the administration of the tax rather than the legality of the surcharge itself. 

FOX Business’ Brittany Miller contributed to this report.

This post was originally published here. 

Paramount Skydance is now willing to discuss selling CNN outright if that is what it takes to get its Warner Bros. Discovery acquisition through the courts. Chief legal officer Makan Delrahim said at Politico’s California Agenda conference on Tuesday that a possible CNN sale is “on the table” as an option for resolving the antitrust suit brought by California and 11 other states against the $110 billion transaction.

That is a substantial escalation. Twenty-four hours earlier, the reported plan was an editorial oversight board — a governance structure meant to reassure regulators that Paramount would keep its hands off CNN’s newsroom. Selling the network is a different order of concession entirely: instead of promising restraint, the company gives up the asset.

The deal itself is largely cleared everywhere else. Paramount agreed in late February to pay $31.00 a share in cash for Warner Bros. Discovery, an equity value of $81 billion that reaches $110 billion once assumed debt is counted, after outbidding Netflix. Both boards approved it unanimously and the companies expected to close in the third quarter. The Justice Department’s Antitrust Division signed off in mid-June. Britain approved the takeover after extracting five-year guarantees covering programming and the editorial independence of Channel 5 news drawn from CNN International and CBS News, which leaves the California suit as the last obstacle standing.

The problem is the calendar. With no settlement in sight, the case is headed toward a trial before U.S. District Judge Araceli Martínez-Olguín set to begin March 2, 2027. If proceedings run that long, the ticking fees alone could reach into the billions. David Ellison has set Sept. 30 as his settlement deadline, now the most closely watched date in the industry.

Ticking fees are the mechanism worth understanding, because they explain the urgency better than any statement from either side. In a large cash acquisition, the buyer typically owes the seller’s shareholders a rising payment for every month past an agreed target date that the deal stays open. The price of Warner Bros. Discovery therefore climbs the longer the litigation drags. Waiting eighteen months for a trial verdict is not a neutral option for Paramount; it is an option with a price tag attached, and that price tag is what makes divesting CNN thinkable.

The states allege the merger violates the Clayton Act, and California Attorney General Rob Bonta has argued it would eliminate competition, push prices up and reduce the volume and quality of what gets made. The attorneys general have already rejected Paramount’s pledge to release 30 films a year as unenforceable, saying the company would still be positioned to raise prices and cut quality even if it honored the commitment. Bonta has given no public indication of which structural divestitures he would accept — which is precisely why Paramount is now naming its most politically sensitive asset out loud.

Delrahim knows the terrain from the other side. He served as a senior antitrust official during President Donald Trump’s first term. He said Paramount has been transparent and is prepared to work with both parties, adding: “We’re not naive to know that politics does not exist.”

He also raised a second lever. Delrahim became the first Paramount executive to acknowledge publicly that the Los Angeles-based company might leave California, following media reports citing unnamed sources about a possible relocation. Asked directly, he framed it as a matter of duty to shareholders, and said of Xavier Becerra, California’s likely next governor, that were he in the job he would not want to lose Hollywood from the state.

Read together, the two moves are a negotiation conducted in public. One offers the state something it says it wants; the other reminds the state what it stands to lose.

Whether CNN would find a buyer at a workable price is a separate question. Warner Bros. Discovery previously said the network was not for sale despite interest from Barry Diller, describing it as central to the company’s future after its planned split. Cable news is a declining audience business carrying substantial fixed newsgathering costs, and a forced sale under a court deadline is not the setting in which sellers get paid well.

Meanwhile the oversight board discussions, first reported by The Wall Street Journal, continue in parallel. The two ideas are not alternatives so much as rungs on the same ladder: the board is what Paramount would prefer to give, and the sale is what it is signaling it can give if the board proves insufficient. Which rung the company ends on will be decided in the next seven weeks.

JBizNews Desk | Los Angeles

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From the beginning, something didn’t add up.

During the closing hours of the NATO Leaders’ Summit in Ankara in July, US President Donald Trump posted on Truth Social that he would not be flying home aboard the new presidential plane that had brought him to the Turkish capital after Qatar gifted it to the administration last year.

Instead, Trump said, he had sent the aircraft ahead to Mildenhall Air Force Base in England so service members could tour it. He wrote, without making clear how he would ultimately get home to Washington, that he would fly to Mildenhall aboard an older Air Force One.

As part of the press pool traveling with Trump, I was along for the ride.

The itinerary change was confusing, and Trump’s explanation seemed implausible. Reporters’ questions to one another turned to whether Iran had hatched a concrete plot to assassinate the president. At first, our precise itinerary also remained a mystery, though we assumed we were still heading back to Washington as initially planned after the stop in the United Kingdom.

U.S. President Donald Trump boards the new, Qatari-gifted Air Force One after arriving on one of the older planes operating as Air Force One, to return to Washington after his participation in a NATO leaders summit in Turkey, at RAF Mildenhall, in Suffolk, Britain, July 8, 2026. (credit: REUTERS/JONATHAN ERNST)

Qatari-provided plane not up to security standards

If our initial hunch regarding a security concern proved accurate, the Qatari-provided plane – which is known to lack certain safety features – might not be up to snuff. That could explain why the White House would want to switch out the planes, and it would mean that we were in for a much more dangerous flight than usual.

Trump had inadvertently stoked speculation about potential threats during the final day of the summit on July 8. As he met with various world leaders, from Syrian President Ahmed al-Sharaa to Ukrainian leader Volodymyr Zelenskiy, he repeatedly brought up Iran’s longstanding attempts to kill him in comments to reporters.

After a press conference shortly before leaving Turkey in which Trump largely deflected questions about the plane swap, the sense that something was out of the ordinary only grew.

As we boarded what we believed was the aircraft carrying the president, White House staff directed journalists to close our window shades. When we pressed for an explanation, we were told it was a request from the Secret Service.

Having traveled on the presidential plane before, I knew this demand was atypical. Was it, perhaps, an attempt to obscure some sort of classified defense technology?

Only weeks later would we find out that the instruction was designed to help hide a covert operation in which Trump left the aircraft via a catering truck and boarded a different government jet due to a security concern.

On Air Force One itself, answers can be surprisingly hard to come by. For security reasons, reporters have no access to WiFi. Access to White House staff, meanwhile, is usually limited to a logistical staffer known as a “wrangler,” who often lacks access to or authority to distribute sensitive information.

The flight from Ankara to Mildenhall was uneventful, though it was hard to relax. We believed, falsely, that the president could appear at any moment and the circumstances surrounding our flight remained a mystery.

While Trump did not “gaggle” with journalists for reasons that are now obvious, I thought little of his absence as he often forgoes speaking to journalists on Air Force One.

But when we landed in England in the late evening, the trip took another unusual turn.

As we walked off the plane, we saw Trump descend from another section of the aircraft, an elaborate part of the ruse in hindsight.

‘Performative and cinematic’ maneuvers

White House staff then asked us to follow Trump on foot as he walked to the Qatari-provided Air Force One, which was parked several hundred yards in front of the aircraft we had just exited. Secret Service agents flanked the president, and a black government SUV to our right rolled slowly forward.

The maneuver – which resembled nothing I had seen before on the White House beat – immediately struck me as notably performative and cinematic, particularly as I was unsure of its purpose.

After loading up on the new plane and taking off, a White House aide provided journalists with a printout of a Truth Social post from Trump that included a dark picture of service members and their families gathered in front of the Qatari-provided plane.

In the post, Trump said the “entire” base had requested to see the plane, and that stopping in Mildenhall required “virtually no deviation” from the standard Ankara-to-Washington flight path.

Moments later, the president visited the press cabin, where we peppered him with questions about the real reasons why he didn’t take the Qatari-provided plane to England.

It would not become clear for another month that Trump had not traveled with us to Mildenhall at all and that there was a third plane involved.

During the flight, he denied that security concerns were a factor. But when I asked him why we had to close our window shades, he acknowledged the persistent threats he faced from Iran.

“But if I go, you go. Right?” Trump told us. “Perhaps someday you want to change professions.”

This post was originally published on here. 

The city of Burgas in Bulgaria has been selected to host the 71st Eurovision Song Contest in May next year, the show’s organizers said on Thursday.

“Bulgaria’s Black Sea city Burgas will welcome artists, delegations, fans, journalists, and millions of viewers from around the world for three spectacular live shows on Tuesday 11 May, Thursday 13 May and Saturday 15 May 2027,” the European Broadcasting Union said in a statement.

Israel is set to participate in the event after Eurovision Song Contest director Martin Green affirmed in a July interview with Variety that there would be no further votes by countries in the European Broadcasting Union (EBU) on whether to exclude the Jewish state from the competition.

This is a developing story.

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The Strait of Hormuz is “under Iran’s control and management,” the head of Iran’s Basij paramilitary unit, Hossein Taeb, said on Thursday, according to the semi-official Fars news agency.

The remarks came a day after US President Donald Trump wrote on his Truth Social platform that the US had “total control” of the strategic waterway.

Taeb said the United States had sought to disrupt what he described as the Islamic Republic’s popularity in the region by launching another war in the Strait of Hormuz, but had once more been defeated despite claiming Iran had neither an air force nor a navy.

“Today you see that the Strait of Hormuz is under the management and control of the Islamic Republic,” Taeb said, adding that Iran was continuing on its course in complete security.

This is a developing story.

This post was originally published on here. 

Current and former Likud lawmakers, ministers, and deputy ministers will remain barred from competing for district positions in the party’s upcoming primary, after MK Afif Abed withdrew his Supreme Court appeal late Wednesday night. 

The outcome closes one part of a weeks-long struggle over how the Likud will choose its next Knesset list, a process repeatedly reshaped by party votes, internal petitions, and court proceedings.

It does not affect the eight positions that Prime Minister Benjamin Netanyahu has been authorized to fill with candidates of his choosing. The primary vote is currently scheduled for Monday.

The case concerned a separate question: whether current and former MKs, ministers, and deputy ministers could compete for places on the list reserved for candidates from geographic districts.

Abed’s attorney informed the Supreme Court that he would no longer pursue the appeal after the justices heard the parties’ arguments, according to the two-page judgment issued Wednesday night.

People at polling station during the Likud party internal elections in Tel Aviv, July 27, 2026. (credit: AVSHALOM SASSONI/FLASH90)

Court formally dismisses appeal

The court formally dismissed the appeal; the panel comprised justices Dafna Barak-Erez, Ofer Grosskopf, and Alex Stein.

Meaning the internal tribunal’s ruling remains in force, and current and former officeholders cannot use the district route in the upcoming primary – they will have to compete on the nationwide slate.

During the hearing, the justices repeatedly questioned why an external court should intervene in a decision by the party’s own judicial body. Grosskopf said the Likud tribunal was responsible for deciding internal disputes and that its decisions should ordinarily be respected. 

The appeal was the latest proceeding in a broader struggle over the balance of power between Netanyahu, Likud members, and the party’s internal institutions.

Three connected but distinct questions have dominated the process: whether the primary would take place, how much of the list Netanyahu could determine himself, and who would be allowed to compete for district positions.

Likud’s Knesset list is assembled from several different contests and guarantees. The party chairman heads the slate, while eligible Likud members vote for candidates competing in a nationwide race.

Separate places are allocated to representatives of geographic districts and groups guaranteed representation under the party rules. Other positions are reserved for candidates selected by the party chairman.

The district route has traditionally provided a path onto the list for local activists and first-time candidates who lack the national recognition and political organization of serving lawmakers. Opening those contests to established politicians would have given current and former officeholders an alternative to the crowded nationwide race.

The first major dispute concerned whether the primary would be held at all.

Netanyahu considers replacing committee

In June, the Likud Constitution Committee set the primary for August 4 amid reports that Netanyahu had considered replacing it with a committee that would appoint the party list instead.

During a series of meetings in July, Likud institutions considered a broader overhaul that included eight reserved positions for Netanyahu, a possible alternative to the primary in a security emergency, and a separate proposal opening the district contests to current and former officeholders.

By mid-July, the primary had been moved from August 4 to August 17 as the internal deliberations continued.

A vote on the proposed rules was halted on July 16 after the Central District Court in Lod issued a temporary injunction requiring the party to address a competing proposal before proceeding.

The Constitution Committee subsequently approved a revised framework under which Netanyahu would receive eight reserved positions and could appoint a selection committee if a security escalation made it impossible to hold the primary.

The Likud’s top internal court struck down the latter provision over the weekend before the July 27 vote. It ruled that the party was required to exhaust the available means of holding a primary rather than approve its cancellation in advance.

The tribunal said a security emergency could justify changing the date and suggested that the party prepare for electronic voting if necessary. It left open the possibility of considering an unforeseen emergency if one arose.

The decision therefore blocked the proposed selection committee, leaving a party primary as the operative method for choosing the list. 

On July 27, members of the Likud convention voted on the remaining rules, approving the eight positions for Netanyahu by a wide margin, and narrowly approving the separate proposal allowing current and former officeholders to compete in the districts.

The district result was immediately challenged before the Likud tribunal. Petitioners argued that opening the districts to established politicians would undermine their traditional purpose and that irregularities in the voting and counting made it impossible to determine whether the narrowly approved proposal had passed lawfully.

The tribunal found discrepancies involving the numbers of recorded voters, envelopes, and ballots at several polling stations. It did not find that the result had been deliberately falsified, but concluded that the irregularities could not be disregarded given the narrow margin.

The tribunal also reasoned that district positions were intended to provide a relatively protected contest in which new leadership could emerge. Serving politicians, it said, enter the race with advantages in public recognition, media exposure, and political organization.

On August 3, the tribunal invalidated the district change. The rest of the framework, including Netanyahu’s eight reserved positions, remained intact.

Abed, who sought to compete in the Galilee and Valleys district, then challenged the ruling in the Tel Aviv District Court.

He argued that the tribunal had exceeded its authority by replacing the decision of the Likud convention with its own view of who should be allowed to compete. Questions about the composition of the party list, he maintained, belonged to the Likud’s elected institutions.

Judge Yaakov Shaked accepted that argument in part.

Shaked ruled that the tribunal had exceeded its authority when it overturned the party’s policy choice on the grounds that allowing established politicians into the district contests violated equality. He found that the Likud constitution did not itself prohibit current or former officeholders from competing in the districts.

However, Shaked declined to interfere with the tribunal’s separate assessment of the problems in the July 27 vote. He ruled that civil courts should generally avoid second-guessing an internal party tribunal’s factual findings unless exceptional circumstances justify intervention.

The District Court therefore dismissed Abed’s case on Monday, leaving the restriction in place despite accepting part of his argument about the limits of the tribunal’s authority.

Abed appealed to the Supreme Court the following day. The court convened an expedited hearing on Wednesday night because of the approaching primary.

By withdrawing the appeal, Abed left both the District Court judgment and the practical result of the tribunal’s ruling intact.

The decision does not affect the separate process through which Netanyahu is allocating his reserved positions, which has continued through the Likud Secretariat and the party tribunal.

The primary remains scheduled for Monday. Under the rules now in force, eligible Likud members will vote in the nationwide and district contests, current and former officeholders will remain outside the district races, and Netanyahu will retain his authority to select candidates for eight reserved positions.

Keshet Neev contributed to this report. 

This post was originally published on here. 

Nelson Peltz already owns the largest single piece of Wendy’s. He is now assembling partners to buy the rest of it and take the burger chain off the public market entirely, which would end more than two decades of quarterly scrutiny over a turnaround that has not turned.

Trian Fund Management, the firm Peltz co-founded, is forming a consortium of investors for a take-private bid, a person familiar with the matter told Reuters on Wednesday. The group could include BlueFive Capital, an Abu Dhabi firm known for backing Bugatti, and Flynn Group, among the longest-serving franchisees in the Wendy’s system. A bid is expected within weeks, though the timing could shift. The Financial Times reported the plan first.

Shares jumped 13% and were briefly halted for volatility, reaching their highest level in seven weeks and posting the biggest intraday gain since late June. The stock is up only about 2% for the year.

The ownership arithmetic explains why this can move quickly. Peltz personally holds 16.24% of Wendy’s, and Trian holds 7.85%, according to regulatory filings. A combined position above 24% would trigger a mandatory filing and independent director review once a formal offer lands. Wendy’s said it would thoroughly review any proposal from Trian consistent with its fiduciary duties. Trian executive Peter May and Peltz’s son Bradley sit on the company’s board, which means the independent directors, not the full board, will have to run the evaluation.

What makes the target affordable is also what makes it a project. Wendy’s carries a market value of roughly $1.44 billion, for a chain with about 7,000 locations. The company reported second-quarter results on Aug. 7 that were worse than expected: U.S. same-restaurant sales fell 7.0% against forecasts for a 4.7% decline, the sixth consecutive quarter of falling comparable sales. Management withdrew its full-year outlook and cut the quarterly dividend in half, to 7 cents from 14 cents. Burger King has since passed Wendy’s to become the second-largest burger chain in the country by system sales.

Those problems are not Wendy’s alone. Across the U.S. fast-food industry, discounting has stopped working on budget-conscious customers the way it used to, and chains that spent the past two years competing on value meals are discovering that price cuts trained diners to wait for the next promotion rather than to visit more often.

The company has a fix already in motion. Bob Wright, named permanent chief executive in May, has centered his plan on rebuilding the menu around compelling value, sharper marketing and better digital ordering. Wendy’s separately launched a restructuring called Fresh Start, aimed at domestic sales and a refreshed menu while closing its weakest restaurants, and signed a franchise agreement to build as many as 1,000 locations in China over a decade.

Wright’s background is the tell. Before Wendy’s, he oversaw a going-private process at Potbelly. A board that hires an executive with that experience while its largest shareholder gathers co-investors is a board considering the same destination.

Closing restaurants, rebuilding a menu and rewiring a digital business are all things that look worse in quarterly reporting before they look better. Under private ownership, those costs land on a balance sheet nobody has to defend on an earnings call every ninety days. That is the case for the deal, and it is the case Peltz has been making for months. Trian disclosed in a February filing that it considered the stock undervalued and was approaching potential co-investors about options including a go-private transaction.

He has been here before and stopped. Trian explored a Wendy’s takeover in 2022 and ultimately walked away. Peltz helped found the firm in 2005 and built his reputation campaigning to replace management and redirect strategy at public companies; he said earlier this year that he is now open to buying businesses outright. His association with the brand runs back further than that, to an activist campaign more than twenty years ago.

The open question is price. Independent directors evaluating a bid from the company’s own largest holder, with two of his associates in the boardroom, will be under pressure to show the offer reflects what Wendy’s is worth after a turnaround rather than what it is worth at the bottom of one. A stock that jumped 13% on the mere report of a bid has already told the buyers what the market thinks of the current valuation.

Trian, BlueFive Capital and Flynn Group did not immediately respond to requests for comment.

JBizNews Desk | New York

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

For the fourth consecutive year, the U.S. housing market’s top 10 hottest ZIP codes for 2026 are all located in the Northeast and Midwest, where limited homebuilding has contributed to tight inventory, according to an Aug. 10 Realtor.com report.
The rankings measure buyer demand by unique views and how quickly listings sell.
Overall, the report says, listings in the top 10 ZIP codes—which span Massachusetts, New Jersey, New York, Connecticut, Pennsylvania, Wisconsin, Illinois, and Michigan—received up to 5.3 times as many views and sold substantially faster than the national average, by as many as 42 days. According to a July Realtor.com report, the national median time on market was 53 days in June. …

This post was originally published here. 

Israel Police  on Thursday morning imposed a gag order on details of the investigation into the disappearance of Mali and Liel Yahalomi in Austria.

A judge approved a request by YALACH, the National Economic Crimes Unit in police’s Lahav 433 National Crimes Unit, to prohibit the publication of any details from the investigation.

Concern continues to grow for Yahalomi women

The Yahalomis have been missing in Vienna since Friday and failed to board their scheduled return flight from Prague on Tuesday night, as Austrian police continue investigating their disappearance on Wednesday.

The two did not arrive for their return flight, which was scheduled to depart Prague at 9:45 p.m.

According to the information available, the vacation apartment where they had been staying in Vienna was found empty of their belongings. Austrian police, the Israeli Embassy, and the city’s Chabad community have reported that there are still no leads in the case.

Israeli Embassy in Vienna published an infographic asking for assistance in locating two Israelis last seen in Austria, August 2026. (credit: ISRAELI EMBASSY IN VIENNA)

Earlier, it was reported that police were examining all possibilities after reviewing videos and other footage showing the two leaving their hotel room on their own.

At a later stage, their phones were located in the vicinity of a Vienna train station. Their trail has since gone cold, raising suspicions that they may have been abducted.

Modi’in police questioned other members of the family, including the missing woman’s son and daughter, her brother, and others, who said they last spoke with their mother and sister on Friday.

Israel Police investigated mother’s involvement in embezzlement scheme

Israel Police on Wednesday examined claims that the mother, a senior employee at a bank, was allegedly behind an embezzlement scheme. That suspicion was ruled out in the initial investigation. Since no bloodstains or bodies have been found, suspicion has grown that the two deliberately fled and are currently in hiding for reasons that remain unclear.

Amir Rudnik, Mali Yahalomi’s brother-in-law, spoke to 103FM on Wednesday and shared the latest information available to him about the disappearance.

“We don’t have much information. We have a contact person at the Foreign Ministry situation room, and we also have a representative from the consulate in Vienna,” Rudnik said. 

“They’ve started checking, but so far there’s nothing. They arrived in Vienna from Prague by train, spent the night between Friday and Saturday at an apartment hotel in Vienna, and their Google account shows that the phone was last seen in the area of a train station in Vienna.”

Rudnik said the two had been on a regular mother-daughter trip, and that they come from a “normal, close-knit family.”

“We have a family WhatsApp group, we’re in touch every day, and every member of the family shares experiences and photos. She’s 50, and she’s a banker. Her daughter is 23. Mali also has an older son. We know that the return flight, which was yesterday, was from Prague to Ben-Gurion Airport. They were supposed to return to Prague and fly back home in the evening,” he said.

The Israeli Embassy in Vienna issued an appeal on Wednesday for help locating the two Israeli citizens, mother and daughter Mali and Liel Yahalomi, after contact with them was lost on Friday, August 7. In a post published on social media, the embassy included photographs of the two and asked the public to share the notice and help locate them.

This post was originally published on here. 

Scroll through the flashy websites of neurotechnology startups and a phrase repeats again and again: “minimally invasive.”

“The term is fuzzy, problematic,” said Anna Wexler, a medical ethics and health policy professor at the University of Pennsylvania Perelman School of Medicine. “Is it physical invasiveness? We’re not sure, it’s a fraught term.”

The fuzziness hasn’t stopped most brain-computer interface startups from deploying it in a bid to differentiate their devices from others in development. Synchron, Motif Neuroscience, Precision Neuroscience, and Merge Labs all use it liberally. Journalists sometimes repeat the spin.

Continue to STAT+ to read the full story…

This post was originally published here. 

For hospitals, the promise of artificial intelligence is financial as much as clinical. A hospital might deploy an AI device because it promises to throw up an alert that could save a patient’s life — but the technology is far more likely to stick if it proves it can drive down costs. 

Convincing hospitals and health systems that a new technology will provide that return on investment is tricky, though. So some AI startups have benefited from a temporary sweetener that helps customers get on board: Certain new technologies can apply to get add-on payments from Medicare for two or three years after they come to market. The tax-dollar-funded payments are meant as an incentive to help get new, expensive medical technologies to patients.

If a hospital thinks, “‘Oh, you’re not 100% sure you have the money, or you don’t necessarily believe 100% of the assumptions in the ROI,’ then you know what? You have this safety net, at least for the next few years,” said Tom Valent, chief business officer at Aidoc. 

Continue to STAT+ to read the full story…

This post was originally published here. 

I have spent much of my career responding to infectious diseases in places where vaccines were desperately needed but not always available.

In Haiti, I watched a patient die of tetanus, their body seized by violent, agonizing spasms until they could no longer breathe. Watching someone die that way from a disease a simple vaccine can prevent is something I have never forgotten.

Read the rest…

This post was originally published here. 

Over the last several years, fearmongering about statins has exploded, as misinformation alleges that they damage the brain, liver, and muscles, among other problems.

Oxford researchers recently published a study in the Lancet Digital Health that should help with one common concern involving muscle disorders. Whether it ultimately does, however, will tell us a lot about the influence of online misinformation, and the scientific community’s ability to counter it.

Read the rest…

This post was originally published here. 

Shortly after her wedding four years ago, Jenilee Crowley felt ready to start having kids. Then the 38-year-old found a lump in her breast that upended all her future plans.

Chemotherapy, radiation, and other cancer treatments come with a slew of side effects, including hormone changes and potential organ damage that can risk a person’s fertility.

But Crowley, who was diagnosed with stage one breast cancer in 2022, learned that she had options. After a double mastectomy to remove the cancer, Crowley started hormone therapy to help prevent it from returning. Then, under medical guidance from her team at Dana-Farber Cancer Institute, she paused the treatment so that she and her husband could freeze embryos and try for a baby. Her son, Archer, is now four months old.

Continue to STAT+ to read the full story…

This post was originally published here. 

STAT is co-publishing this article by KFF Health News.

SAN FRANCISCO — At a Walgreens in this city’s bustling Japantown neighborhood, pharmacist Margaret On stocks two boxes of long-acting insulin pens from California’s new prescription drug label, CalRx, emblazoned with the state’s iconic grizzly bear.

Although she hasn’t dispensed any, On plans to keep them on hand. “It’s good to have if a patient comes in and doesn’t have health insurance,” she said. “Or just in case of emergencies.”

Continue to STAT+ to read the full story…

This post was originally published here. 

Goldman Sachs is paying as much as $2.25 billion for NEOS Investments, but the more important story is what it is buying: a fast-growing corner of the investment business built around investors who want income, downside protection and the convenience of an ETF.

NEOS manages roughly $30 billion across 19 exchange-traded funds, many of which use options to generate regular income rather than simply trying to track an index.

That is increasingly attractive to both investors and Wall Street.

Traditional passive ETFs transformed investing by offering cheap access to stocks and bonds. But because their fees are extremely low, they are not always particularly lucrative for the companies managing them.

Active and options-based ETFs are different.

They can charge meaningfully higher management fees because the strategy involves more than simply copying an index. Some sell options against stock portfolios to generate income. Others are structured to provide a degree of downside protection or specific investment outcomes.

For an asset manager, that can mean recurring fee income that is considerably more predictable than investment-banking revenue, which rises and falls with mergers, IPOs and corporate borrowing.

That helps explain Goldman’s interest.

The bank has been deliberately expanding its asset- and wealth-management businesses so a larger percentage of its revenue arrives every quarter whether Wall Street is experiencing a deal boom or a slowdown.

NEOS fits directly into that strategy.

Goldman already manages about $40 billion in income and outcome-oriented options-based ETFs. Adding NEOS would help lift its actively managed ETF assets to approximately $80 billion and place Goldman among the eight largest active ETF providers.

It follows Goldman’s acquisition of Innovator Capital Management, another specialist in defined-outcome ETFs, which the bank completed earlier this year.

Taken together, the purchases show Goldman is not simply trying to sell more ETFs.

It is trying to own more of the investment products financial advisers increasingly use for clients seeking income and protection without abandoning the stock market.

That demand has become particularly important as millions of Americans reach retirement age.

A retiree may still want exposure to the S&P 500 but may also want monthly income and less sensitivity to a major market decline. Options-based ETFs attempt to package those goals into a product that can be bought and sold as easily as an ordinary stock.

There is a tradeoff.

Generating additional income by selling options can limit some of the upside when markets rise rapidly, and downside-protection strategies do not eliminate investment risk.

But investors have been pouring money into the category anyway.

For Goldman, every dollar that remains in those funds can generate management fees year after year.

That is why paying billions for an ETF company can make economic sense even though NEOS itself does not resemble the enormous industrial or technology businesses usually associated with multibillion-dollar acquisitions.

Goldman is buying the future fees attached to $30 billion of investor money — and the possibility that those assets grow substantially over time.

NEOS co-founders Troy Cates and Garrett Paolella are expected to become partners at Goldman Sachs after the transaction closes, which is currently expected in the first quarter of 2027.

The broader shift is worth watching.

Wall Street spent decades making enormous profits helping companies raise money and complete acquisitions.

Increasingly, the biggest banks want businesses that keep generating fees long after the deal is finished.

JBizNews Desk | New York

Business News That Respects Your Time.

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It turns out that the great and mighty Oz, better known as the man who pulls the strings behind the curtain, is the 35-year-old American-born son of Turkish parents. 

No less contentious than his well-known, left-wing political activist uncle, Cenk Kadir Uygur, co-creator and host of the controversial program The Young Turks, Hasan Piker has risen to fame as a political power broker.

Demanding strict allegiance to the main tenets of the Democratic Socialist party, the all-powerful Internet superstar, who has gotten up to a billion views for his content, will not bestow his coveted blessing upon any potential candidate unless they pass his scrutiny.

Those include their commitment to: open borders, universal healthcare, no foreign wars, and, possibly most important, aligning with the Free Palestine movement.

An anti-Israel protest in New York City. Ilustrative. (credit: CHRISTIAN MONTERROSA/REUTERS)

Despite his insistence that he is not antisemitic, Piker, who happens to be a Muslim, is known as “a vocal proponent of Palestinian rights, frequently using his streaming platform and media appearances to advocate for a “Free Palestine,” criticize Israeli government policies, and support pro-Palestinian political figures. 

Among his more incendiary comments, three stand out the most: The first is “that America deserved 9/11, because US foreign policy had made an event like 9/11 possible.” The second is that “Hamas is a thousand times better than Israel,” stating that “if rapes happened on October 7, that wouldn’t change his opinion.” 

And the third is “calling for the killing of American landlords, saying, ‘let the streets soak in their red capitalist blood.’”

For his 9/11 comment, Piker was temporarily suspended from Twitch (the popular live-stream broadcasting platform owned by Amazon) and had his travel permit revoked, making it impossible for him to enter the UK.

It’s hard to comprehend how Piker remains such a popular figure, given his preference for a barbaric terror group over the democratic country of Israel as well as comments that display an obvious contempt for the country where he was lucky enough to be born.

Nonetheless, he has a steady stream of 10 million followers across multiple social media platforms, mostly male followers enthralled by his radical-left politics, which he has turned into performance art – mixing gym culture, gaming, and an exaggerated male image, and focusing on socialist issues.

Seizing on the lost generation of men ridiculed by the Democratic Party for either having too much toxic masculinity or being insensitive to women, Piker saw an opportunity to capture their attention. 

By empathizing with their inability to purchase homes and access other benefits their parents and grandparents had, Piker discovered a real dearth in the male market, creating a space for him to address their gripes and make them feel heard.

The average Piker fan is said to be “young adult males, between the ages of 18 to 29, heavily active online, and leaning politically progressive, leftist, or socialist. His core audience consists largely of Gen Z and younger millennial men interested in anti-establishment politics, media commentary, and internet culture.” 

When you combine those particular listeners who lament their station in life and couple it with the politics of Democratic socialism, you get a healthy dose of radicals who are easy prey for the notion that anarchy and burning down the status quo is the best solution.

It’s that ever-growing niche market which has catapulted Piker to the top, turning him into a sort of socialist pope whose ring must be kissed by aspiring political figures. Once they get his approval, they’re sitting pretty.

And that’s what happened to Abdul El-Sayed, who, only a week ago, won his bid in the primaries to serve as a senator for the State of Michigan. As the saying goes, “birds of a feather flock together.” Piker and El-Sayed became fast friends.

Spending the night together at a pool party before the election results came in, Piker and El-Sayed looked like the two “cool kids” with peak confidence, believing the win would be secured – and it was. 

An army of captive listeners 

With great ideological similarities, it’s no wonder the two are often spotted together. And although much criticism was hurled at El-Sayed for appearing to be so chummy with an individual who harbors great resentment for America, it didn’t prevent him from winning – albeit by a few thousand votes.

One can only wonder if El-Sayed will cave in to pressure and shun Piker for the sake of victory in November? That might prove to be tricky since a large portion of his potential supporters would be heavily influenced by Piker. 

Would they feel slighted by the would-be senator who might be seen as a sellout who abandoned his political soulmate for the sake of a win?

And would Piker forgive him, knowing that the only way El-Sayed could prevail would be to distance himself from a prominent anti-American and antisemitic voice? 

It all remains to be seen, but no one should underestimate the power of Piker, whose influence is as statuesque as the man who stands at 193 centimeters, towering over all others, both physically and metaphorically.

With youth, popularity, wealth, and influence, Piker’s future looks promising, as he continues to grow his following, steering them in the extreme direction he hopes America will take and fundamentally change its classic image.

Piker’s American dream will be the nightmare of most citizens who will have to fight tooth and nail to keep their country from going full on red and green – red for the socialist/communist ideology, and green for the Islamic way of life that seeks to be imposed by the likes of Piker and El-Sayed.

Socialism and Islam are the grim reapers of freedom and liberty, seeking to silence all other voices as they force their way into the culture and customs that were beloved by past generations who gave their lives so that a better tomorrow could be the reality of future generations.

Hasan Piker is determined to make sure that never happens, and, towards that end, he is assembling an army of captive listeners who have his attention. Will he succeed in putting an end to the American dream, or will he be exposed as the dangerous man behind the curtain who poses a real threat as he pulls the strings to replace freedom and democracy?

The writer, a former principal of Jerusalem elementary and middle schools, was a member of Kibbutz Re’im from 1994 to 1999. She is the author of Mistake-Proof Parenting, based on the time-tested wisdom found in the Book of Proverbs, available on Amazon.

This post was originally published on here. 

For more than three years, I have been working on a question that many would consider impossible: What would it take to rebuild Gaza not simply with new buildings, but as a functioning, productive, and economically independent society?

There is no shortage of discussions about Gaza’s future. There are proposals for governance, security, humanitarian assistance and reconstruction. What is still missing, however, is a practical economic model capable of turning hundreds of thousands of displaced people from recipients of aid into homeowners, workers, entrepreneurs and participants in a functioning economy. I believe that such a model is possible, and that its foundation must be ownership.

For decades, Gaza’s refugee camps have been a symbol of dependency. Reconstruction offers an opportunity to change that reality. Instead of rebuilding homes as publicly funded shelters, families should finance and own their homes, turning housing into the first asset in their economic future.

My proposal envisions approximately 400,000 residential units in high-rise buildings across Gaza, primarily for residents of the refugee camps and people whose homes were destroyed during the war. Construction costs are estimated at $60,000–$100,000 per unit. Rather than relying on donations to finance the housing itself, families would purchase their homes through long-term mortgages of up to 40 years, with the allocated land serving as equity and collateral.

This is more than a financing mechanism; it is a different philosophy of reconstruction. A home can provide shelter while also becoming an asset that gives a family financial security and access to credit. When hundreds of thousands of families own homes and build assets for themselves and their children, they develop a direct stake in the stability and future of the society in which they live. Ownership can therefore become a foundation for economic mobility, civic responsibility, and long-term stability.

Displaced Palestinian children look out of their shelter in Gaza City, June 15, 2026 (credit: REUTERS/Dawoud Abu Alkas TPX IMAGES OF THE DAY)

From reconstruction to economy

Housing, however, is only the beginning. Gaza cannot become economically viable through residential towers alone. Reconstruction must include industrial zones, transportation infrastructure, reliable energy and commercial centers. Its approximately 40 kilometers of Mediterranean coastline also represents a long-term economic asset, with potential for tourism, hospitality and commerce.

Modern construction technology makes the scale of this ambition more realistic. Over the past several years, we have examined the international companies specializing in modular and industrialized construction, using prefabricated components and factory production. These technologies can allow construction to take place simultaneously across multiple sites and significantly accelerate the delivery of large numbers of homes.

The financing challenge can be addressed through a combination of private and institutional capital. We are examining a structure involving an international banking consortium, potentially supported by institutions such as the World Bank and political-risk insurance mechanisms such as MIGA. These mechanisms could help mitigate risks associated with political instability, renewed conflict and damage to investments, creating a framework in which international capital can participate.

An economic foundation for a different future

No economic plan can substitute for security, legitimate governance and the rule of law. Any successful reconstruction will require guarantees that infrastructure and investment will not once again become instruments of conflict. But security and economic development should not be viewed as competing priorities. A society in which families own homes, businesses can operate, and people can build assets for their children has a fundamentally different foundation from one that remains dependent on temporary shelter and external assistance.

This is the thinking behind the plan developed by the Institute for Structural Reforms, which has been working on the concept for the past three years, well before the end of the war. The proposal has recently been presented to Palestinian officials and has generated interest, while discussions are also taking place with international institutions and senior figures regarding its potential implementation.

I am an Israeli lawyer and entrepreneur. I do not claim that an economic plan can resolve the profound political and security questions surrounding Gaza. But precisely because I am Israeli, I believe we should be willing to think beyond the immediate horizon of war and ask what kind of reality we want to see on the other side of it.

If the day after the war is to be different from the day before, Gaza needs more than concrete, pipes and temporary shelters. It needs the foundations of an economy in which people can own, work, build and invest in their future. Reconstruction should not simply restore what was destroyed. It should create the economic foundations for a different future.

Attorney Shraga Biran is an Israeli lawyer, entrepreneur, and real-estate expert with more than six decades of experience in law, property, and urban development. He founded the Institute for Structural Reforms, which develops innovative structural solutions to social and economic challenges, including housing, land, and urban renewal.

This post was originally published on here. 

When Oren Nahari published what would become his final book, “The Great Battles That Changed History,” co-written with Yoav Limor, he revealed that the original manuscript contained 50 battles. But the publisher was unequivocal.

“Who is going to read a 400-page book?” they asked him. Nahari was forced to decide which 30 battles would make it into the final book.

That story captures Oren Nahari perfectly. Whenever he began telling you about an event, the depth of his knowledge, the details he knew, and the connections he drew would always leave you with your jaw hanging open. “Where does he get all this knowledge?”

Nahari always had a book in his hand, was a man of facts, details, and stories

The answer would always come between broadcasts, as Oren waited to go on air for a report or commentary: Oren Nahari always had a book in his hand. And he didn’t just carry it – he read it. He read very quickly.

But Oren was not merely a man of facts and details. He was a storyteller.

Television presenter Oren Nahari speaks at the Sapir Prize for Literature award ceremony in Tel Aviv on January 2, 2023.  (credit: AVSHALOM SASSONI/FLASH90)

Whenever the earth shook somewhere in the world, a rebellion erupted, an economic crisis broke out, or any other event occurred – even one that might seem marginal – Oren had the ability to focus not only on the question, “Are there Israelis there, and if so, how were they affected?” He would first explain why the event mattered to us even if there were no Israelis there at all.

The smallest events can shape the world, and Nahari knew how to explain why

Because that is the reality of our interconnected world: the flutter of a butterfly’s wings, even the smallest event, can influence history and shape the world – even when there are no Israeli citizens or Jews involved. The wisdom lies in knowing how to explain why.

When he launched the revolution that was “Ro’im Olam” (“Seeing the World”) in 1988, together with David Witztum, Yaakov Ahimeir, and many other talented journalists, he brought the world to Israeli viewers.

Only recently, he began an extraordinary project on Kan Reshet Bet, “A Year in an Hour,” exploring the history of the 20th century. And, as was so often the case with Oren, sometimes a single year required much more than an hour to explain – sometimes even three. Sadly, he never had the chance to complete the project, which ended in 1961.

And Oren had one more remarkable quality: he was a breeding ground for journalists.

When I joined the foreign desk of Israel’s Channel 1 in 2009, I discovered a true journalistic incubator. Oren had an extraordinary ability to teach, but above all, to convey one fundamental message: the most important thing is knowing how to tell a story. There is an audience for it.

That was the message with which he said goodbye to his radio listeners last Saturday:

“Keep watching, keep listening, keep asking questions, never take things for granted, and keep being curious.”

This post was originally published on here. 

After Defense Minister Israel Katz declared that the IDF “will not withdraw” from the security zone and ordered the military to prepare for a long-term presence, Washington clarified that “a permanent military presence in southern Lebanon is inconsistent with the commitments” made under the understandings. 

However, an Israeli withdrawal would be contingent on the verified disarmament of Hezbollah and the dismantling of its infrastructure.

A senior US State Department official responded overnight on Thursday to remarks by Katz, who said during a visit to southern Lebanon that the IDF would not withdraw from the “security zone” and that he had instructed the military to prepare for a long-term presence in the area. 

The official clarified that, from Washington’s perspective, a permanent Israeli military presence in southern Lebanon is inconsistent with the commitments made under the understandings.

“The United States expects all parties to act in a manner consistent with the framework they agreed to,” the official said. “Israel has clearly stated that it has no territorial ambitions in Lebanon. 

Defense Minister Israel Katz attends a cornerstone-laying ceremony for the new settlement of Doran in the Mount Hebron region of the West Bank, June 16, 2026. (credit: CHAIM GOLDBERG/FLASH90)

Permanent military presence inconsistent with peace commitments

A permanent military presence in southern Lebanon is inconsistent with the commitments made under the understandings, as well as with the long-term peace and security of both countries.”

The official further stressed that the United States “fully supports Lebanon’s territorial integrity and sovereignty.” However, Washington clarified that the Israeli withdrawal is expected to proceed in accordance with progress in disarming Hezbollah and dismantling its infrastructure.

“The framework clearly includes a conditions-based path for a gradual withdrawal, tied to the verified disarmament of Hezbollah and the dismantling of its infrastructure,” the official said.

According to the official, the Lebanese Armed Forces have already begun implementing the “initial pilot zones,” and the United States will continue to support the full implementation of the process.

Katz: IDF does not intend to withdraw from currently held areas

The US response came after Katz said during a visit to IDF troops in Lebanon that Israel did not intend to withdraw from the areas it currently holds.

“As the prime minister and I have made unequivocally clear, we are not withdrawing from this security zone,” Katz said. 

“The IDF is here to protect the northern communities and its troops; we will clear this area and ensure the security of the residents of the North, and under no circumstances will we withdraw from the security zones: not in Lebanon, not in Syria and not in Gaza.”

Katz added that he had instructed the IDF “to take all necessary measures to prepare for a long-term presence in the area,” and presented the Israeli presence beyond the border as part of the lessons learned from the October 7 massacre.

“The lesson of October 7 is that we protect the residents by having the IDF here, in these places, protecting them from raids, from gunfire, and from all the other things. That is our policy, that is our approach,” he said.

This post was originally published on here. 

A third of the content posted to Dan Bilzerian’s campaign account is antisemitic hate speech, a new investigation by Combat Antisemitism Movement’s Antisemitism Research Center (ARC) has shown.

Bilzerian is a well-known antisemitic conspiracy theorist and podcaster. He is currently running against Congressman Randy Fine in the August 18th Republican primary in Florida’s 6th District.

The X/Twitter account for Bilzerian’s congressional campaign, @ElectBilzerian, has nearly 81,000 followers. It contains numerous posts on the topics of Holocaust denial, alleged Jewish blackmail schemes, and supposed Jewish plots to subvert American sovereignty.

‘Demonizing Jews and sowing hatred of the State of Israel’

In CAM’s words, “There is no other governing agenda offered by Bilzerian except demonizing Jews and sowing hatred of the State of Israel.”

For example, a post on Bilzerian’s campaign account said the purpose of the elections should be to purge “Israel from every city, county, district and state in America.”

Dan Bilzerian was asked during a TMZ interview about referring to Rep. Randy Fine as a ''fat Jew.'' (credit: SCREENSHOT VIA JTA)

This prompted CAM to carry out its new research, which led to the finding that 33% of Bilzerian’s campaign content is antisemitic hate speech. The findings are drawn from keyword searches for “Israel,” “Jews,” “Jew,” “Zionist,” “Zionists,” “Holocaust,” “Gaza,” and “Netanyahu” in the account’s 657 posts between May 12 and August 10.

During that 90-day period, 218 of the account’s posts included at least one of those keywords.

Nearly all of Bilzerian’s posts were deemed ‘hostile’ by CAM

CAM then scored each post on a 0.00 to 1.00 hostility scale, based on linguistic markers, contextual framing, and antisemitic tropes. A total of 215 of the posts, or 99%, were deemed hostile, with an average score of 0.85.

The posts had significant reach: an estimated 23.6 million people. They also generated 12.5 million views, 460,800 likes, 13,100 comments, and 80,900 shares.

The Jerusalem Post reviewed the account. One of the pinned posts reads, “Let’s get that fat disgusting Jew out of the office,” referring to Fine. This post has 84,000 views. He previously called Fine a “fat f*** astroturfed Jew.”

Most recently, he tweeted a reply to a post by Elon Musk, calling the SpaceX founder “a poor goy slave owned by Jews.”

Bilzerian also tweeted on Thursday morning: “Our government is nothing but a tool for Israeli hegemony and Jewish supremacy.”

On August 9, Bilzerian reposted a tweet saying, “It’s not red against blue… It’s us against the Jew” that included “100%.”

CAM US Advisory Board Member Gabriel Groisman, former mayor of Bal Harbour, Florida, said, “Dan Bilzerian is a caricature of a congressional candidate.”

“His campaign has been an excuse to spread his antisemitic rhetoric and to try to cash in on the growing antisemitism trend in certain corners of the internet. Still, by painting himself as a congressional candidate, Bilzerian continues to fuel antisemitism in the state and nationwide.”

Earlier this year, Israel’s Diaspora Ministry ranked Bilzerian the world’s leading antisemitic influencer for 2025.

This post was originally published on here. 

The US Justice Department on Wednesday charged 11 people in a decade-long scheme that arranged about 1,000 sham marriages to allow mostly Chinese nationals to achieve legal immigration status in the United States, according to court documents.

Foreign nationals paid a group of six “facilitators” as much as $100,000 each to be paired up with a US citizen and obtain legal residency, according to an indictment unsealed in federal court in Manhattan. US citizens were paid as much as $30,000 to agree to the marriages, according to the indictment.

Participants in the scheme then helped the newlyweds submit paperwork to the US Department of Homeland Security to allow the Chinese national to become a lawful permanent resident.

Attorney General Todd Blanche described the scheme as “one of the largest marriage fraud prosecutions in US history” and said it showed “how far people will go to cheat our immigration system.”

FILE PHOTO: The US Department of Homeland Security seal is displayed at the FEMA National Response Coordination Center in Washington, DC, January 24, 2026. (credit: REUTERS/NATHAN HOWARD/FILE PHOTO)

Executive order by Donald Trump restricting ‘birth tourism’

The announcement follows an executive order signed by President Donald Trump last week aimed at restricting “birth tourism,” after the US Supreme Court ruled in favor of broad citizenship rights for babies born in the United States.

The State Department said on Wednesday it started an effort to review the activities of visa holders with the aim of cracking down on women coming to the US solely to attain citizenship for their child.

This post was originally published on here. 

Journalist Oren Nahari died at the age of 70 after a battle with ALS on Thursday.

Nahari was a news editor for Channel One and hosted a radio program called “Saturday with Oren Nahari” on KAN’s Channel Two.

President Isaac Herzog extended his condolences to the Nahari family, stating that Oren will be remembered for his “rich journalistic and cultural legacy and a unique voice that will be greatly missed.”

Opposition leader MK Yair Lapid shared his condolences, honoring Nahari as “a voice of culture, sanity, broad education, and true intellectual curiosity.”

This is a developing story.

This post was originally published on here. 

On August 12, Iraq’s Prime Minister Ali Al-Zaidi visited the country’s Operations Center at Air Defense Command. He was there “to gain a field assessment of the status of the air defense system, its preparations, and its missions in protecting Iraq’s skies,” his office said.

Zaidi is also the Commander-in-Chief of the Iraqi Armed Forces, and he now faces his largest test, only a few months into his new role as prime minister.

Zaidi was a relatively unknown quantity when he was appointed. He secured the support of most Iraqi factions, including the powerful Shi’ite parties that are collectively known as the Coalition Framework. He has also received support from Kurdish leadership. Zaidi has met with US President Donald Trump, and the US has backed his rise to power.

The US wants to see him rein in the Iranian-backed militias in Iraq.

This week it appeared Iraq was moving forward with a new law to disarm the militias, or at least place their weapons in the hands of the state. As such, Iraq is trying to do the same thing as Lebanon and the Board of Peace in Gaza, in terms of disarming Iranian-backed groups.

“The Commander-in-Chief of the Armed Forces’ visit to the Air Defense Command headquarters came amid preparations for the upcoming phase and follow-up on readiness across operational sectors, as part of implementing the Iraqi-American agreement stipulating the end of the international coalition forces’ mission and the completion of their full withdrawal from Iraq on September 30 next, which underscores the importance of bolstering the capabilities of the Iraqi Armed Forces and air defense systems to fully assume responsibility for protecting the airspace and national sovereignty,” Iraq’s government said on August 12.

Iranian Kurdish fighters from the Kurdistan Freedom Party, known as PAK take part in a training session at a base on the outskirts of Erbil, Iraq February 12, 2026. (credit: REUTERS/Stringer TPX IMAGES OF THE DAY)

The prime minister “listened to a detailed briefing presented by the Air Defense Commander, covering the system’s current status, control of operational sectors, and the strategy for developing the capabilities of our specialized units within the framework of the 2026-2031 Air Defense Capability Building Plan, which aims to establish an integrated air defense system through enhancing radar detection and surveillance capabilities, weapons systems, and command and control.”

IRGC sent representative to rally support for militias

As the Iraqi leader sat with key officials, the militias moved to respond. Iran sent Islamic Revolutionary Guard Corps (IRGC) Quds Force head Esmail Ghaani to Iraq on Monday to speak with politicians in Baghdad. Ghaani is expected to try to rally support for the militias and keep them as a thorn in Iraq’s side. He will want the September 30 date for disarmament to be postponed, or at least the legal language restricting arms to the state to be so vague that the arms stay with the militias.

Meanwhile, the Nujaba Movement, which is sanctioned as a terrorist group by the US, said “we will not hand over our weapons,” according to a report at Kurdistan24. “A spokesperson for the Iraqi militia faction rejected calls to place all arms under state control, as Baghdad pursues a new weapons law,” the report said.

Zaidi said that “we will not allow Iraqi territory or airspace to be a launchpad for any aggression against neighboring countries.” This came after militia attacks on Saudi Arabia this month. Now Saudi Arabia and Iraqi delegations are meeting. There are reports that Zaidi “insists on moving toward confronting any faction that does not relinquish its weapons after the period specified by the Iraqi government,” Al-Hurra noted.

Kurdistan region attacked over 1,000 times by Iran, Iran-backed forces

In the Kurdistan region, which has been attacked 1,000 times by Iran and Iranian-backed militias since February, there is support for Baghdad’s initiative. Kurdistan Regional President Nechirvan Barzani has said that Iran has expressed its readiness to help Iraq with the issue of restricting weapons, according to Al-Arabiya.

On August 12, Zaidi also chaired a meeting of the Ministerial Council for National Security, illustrating how serious he is about securing Iraq and coordinating defense and security issues.

It is worth noting that the Iranian-backed militias in Iraq are the product of decades of Iranian policy aimed at cultivating armed proxies beyond its borders. Their origins stretch back to the 1980s, when some Iraqi Shi’ite opposition figures fled Saddam Hussein’s regime and found sanctuary in Iran during the Iran-Iraq War.

The IRGC, particularly its Quds Force, trained and organized these exiles who would later become influential political and military leaders. Groups such as the Badr Organization emerged during this period, while others, including Kataib Hezbollah, Asaib Ahl al-Haq and Harakat Hezbollah al-Nujaba, were established after the 2003 US-led invasion.

The rise of ISIS in 2014 transformed these militias. Following Grand Ayatollah Ali al-Sistani’s fatwa calling on Iraqis to defend the country in 2014, many militia groups joined the Popular Mobilization Forces (PMF) and fought alongside the Iraqi Security Forces and the US-led Coalition against ISIS.

Their battlefield role earned them legitimacy among many Iraqis and led to their formal incorporation into Iraq’s security structure. However, several of the most powerful factions retained independent chains of command, close relationships with Iran, and their own political and economic networks.

Since the defeat of ISIS, many of these militias have expanded their influence. They have carried out hundreds of rocket and drone attacks on US and Coalition forces, targeting diplomatic facilities, attacking the Kurdistan Region of Iraq, and intimidating or kidnapping political opponents and activists. They also kidnapped an American journalist and Princeton researcher.

The United States has designated several of these organizations as Foreign Terrorist Organizations or Specially Designated Global Terrorists. These include Kataib Hezbollah, Asaib Ahl al-Haq, Harakat Hezbollah al-Nujaba and, more recently, Kataib Imam Ali. Washington argues that these groups continue to receive funding, weapons, training, and guidance from Iran’s IRGC-Quds Force while undermining Iraqi sovereignty and regional stability.

This post was originally published on here. 

US President Donald Trump signed a memo on Wednesday that the White House said was aimed at empowering federal law enforcement to use cyber tools against transnational criminal organizations that operate in foreign jurisdictions to attack Americans.

Trump signed the national security presidential memorandum directing his administration to “leverage the capability and innovation of the private sector to help conduct these cyber operations under the direction, control, and authority of the US Government,” the White House said.

The White House, in a fact sheet about the memo, cited ransomware attacks, financial frauds, and other crimes run by foreign-based criminal organizations, referred to in the memo as “transnational criminal organizations.”

The memo creates a framework that encourages private sector companies to enter into agreements with other private entities, as well as federal, state, local, tribal, and territorial agencies to gather threat information on transnational criminal organizations and propose cyber operations to address those threats, the White House added.

The memo directs the Department of Homeland Security, through the Homeland Security Task Force’s National Coordination Center, to create a program “to conduct specific cyber operations that disrupt foreign TCOs” that will be overseen by DHS and the Department of Justice.

US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, US, August 7, 2026 (credit: REUTERS/ELIZABETH FRANTZ)

cyber surveillance operations against specified targets

Under the supervision of the federal government, participating companies, once vetted, will conduct “cyber surveillance operations” and “cyber effects operations” against specified targets, according to the memo.

“Cyber effects includes the potential manipulation, disruption, denial, degradation, or destruction of information systems, networks, physical or virtual infrastructure controlled by information systems, or information resident thereon,” according to the memo.

Participating companies will have to maintain a bond or escrow of at least $1 million, according to the memo.

The idea of private sector firms participating in cyber operations against criminal and other targets is not new, and has been controversial in the past, for fears of escalation, inadvertent consequences, and inter-agency coordination issues.

DHS and the White House did not immediately respond to requests for additional details about the program.

This post was originally published on here. 

A ticket sold in Illinois matched all six winning numbers in Wednesday’s Powerball drawing to claim the $1.040 billion jackpot.

The grand prize has an estimated cash value of $450.5 million and ranks as the eighth-largest Powerball jackpot ever won, according to Powerball.

The largest lottery jackpot in U.S. history was won on Nov. 7, 2022, when a ticket sold in California claimed a $2.04 billion Powerball prize. A $1.817 billion Powerball jackpot won on Christmas Eve ranks as the second-largest prize in U.S. lottery history.

The white balls drawn Wednesday were 4, 26, 66, 67 and 69. The red Powerball was 9, and the Power Play multiplier was 2X.

ARKANSAS WINNER CLAIMS $1.8B POWERBALL JACKPOT, CHOOSES CASH OPTION

“Congratulations to our newest Powerball jackpot winner in Illinois,” said Stephen Durrell, chair of the Powerball Product Group and executive director of the Kansas Lottery.

“For more than three decades, Powerball has shown that a winning ticket can be sold anywhere the game is played, giving every $2 ticket the chance to change not only a winner’s life, but generations to come,” Durrell continued. “As participation continues to grow across markets, players are helping fuel larger jackpots and create even greater excitement for the game.”

The winner will have the choice between an annuitized prize of $1.040 billion or a lump-sum payment of $450.5 million.

Both prize options are before taxes.

GEORGIA RESIDENT IDENTIFIED AS WINNER OF $983M MEGA MILLIONS JACKPOT, LARGEST EVER IN STATE

If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.

Four other tickets sold in Arizona, California, Florida and North Carolina matched all five white balls. The Match 5 prize is $1 million except in California, where payouts are determined on a pari-mutuel basis. A fifth ticket sold in Massachusetts also matched all five white balls and included the Power Play option for an additional $1, doubling the prize to $2 million, according to Powerball.

The Powerball jackpot was last won May 2, when two tickets sold in Florida and Texas split a $20 million prize.

Wednesday’s jackpot was the largest Powerball prize won so far this year. The drawing was the 44th in the current jackpot run and the first run to include players from the United Kingdom since Powerball ticket sales launched there July 21.

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The jackpot will now reset to $20 million for the next drawing Saturday.

The odds of winning the Powerball jackpot are 1 in 292.2 million.

FOX Business’ Matthew Kazin contributed to this report.

This post was originally published here. 

The federal government is fighting a court order that could force it to return tariff payments to a much broader group of U.S. importers — including companies that never filed lawsuits — after Customs and Border Protection already processed and certified roughly $100 billion in refunds tied to tariffs later struck down. 

The dispute matters because it could determine whether thousands of businesses automatically recover money they paid under the invalidated tariffs or whether they must individually sue the government to get it back.

A judge at the U.S. Court of International Trade ordered refunds to extend beyond the companies that originally challenged the tariffs, effectively treating the ruling as one that should benefit all similarly situated importers. The government is appealing that approach, arguing the court went too far by granting relief to companies that were not parties to the cases. 

The distinction is especially important for smaller businesses.

Large importers typically have customs lawyers, trade consultants and litigation budgets capable of preserving refund claims and filing lawsuits quickly. Smaller importers may not know they are entitled to money back until administrative deadlines have already passed.

Once an import entry is finalized, or “liquidated,” Customs generally cannot simply reopen it indefinitely. The government’s position is that companies whose administrative refund window has closed can still pursue refunds — but they must file their own lawsuits. 

That turns what sounds like a straightforward refund into a legal and financial calculation.

A company might be owed $50,000, $500,000 or several million dollars. But recovering it could require lawyers, court filings and months of litigation.

For a large corporation, that may be an easy decision.

For a small importer, the cost of pursuing the refund could eat into the amount it hopes to recover.

The scale of the underlying reversal is enormous. The Supreme Court earlier this year invalidated the challenged emergency tariffs, triggering a refund process covering millions of import entries. Government filings show about $100 billion has already been processed and certified for repayment. 

The remaining fight is therefore no longer primarily about whether the tariffs were lawful.

That question has largely been decided for the duties at issue.

The business question is who gets the money back automatically — and who has to fight for it.

That distinction could create an uneven outcome in which companies that were sophisticated enough to preserve claims recover their money while others that paid the exact same unlawful tariff receive nothing unless they go to court.

For importers, the practical lesson is simple: do not assume a refund will arrive automatically.

Companies that paid the affected tariffs should review their import entries, determine whether those entries have already been liquidated and confirm whether any administrative or judicial deadline applies to their claims.

With tens of billions of dollars still potentially at stake, the tariff fight has moved from the loading dock to the courtroom.

JBizNews Desk | Washington

Business News That Respects Your Time.

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A fan-favorite Costco baking staple is returning to warehouse shelves after a two-year hiatus, drawing celebrations from shoppers who had been waiting for its comeback.

Costco has brought back its Kirkland Signature Semi-Sweet Chocolate Chips after removing the item in July 2024, when rising cocoa costs made it difficult for the warehouse retailer to price the product competitively.

The popular chocolate chips are sold under Costco’s Kirkland Signature private label. After their removal, Costco replaced them with a Nestlé Toll House alternative, but some customers said they were unhappy with the switch and refused to buy the Nestlé version.

COSTCO ADDS HOT FAN FAVORITE TO FOOD COURT MENU AS SHOPPERS DEBATE TASTE AND VALUE

Costco members have recently begun spotting the familiar red bags of Kirkland chocolate chips at warehouses, prompting enthusiastic reactions from shoppers online.

“This is the best news! I was just at my warehouse last week and they weren’t in stock, but I just checked the app and they are in stock now!” one person wrote on Reddit.

“Saw them at the Milford, CT Costco yesterday. So excited!” another user added.

“Yes!!! Bakers rejoice!!!” a third user exclaimed.

“Good news for this frequent home baker,” a fourth chimed in.

COSTCO MAKES PAYMENT CHANGE THAT COULD SPEED UP CHECKOUT FOR MEMBERS

One person said the timing was perfect since their last bag was nearly empty.

“Oh HELL YEAH! I’ve been a scrooge with my last bag (I refuse to buy Nestlé products) and I’m so psyched for this! Perfect timing too, I was REALLY starting to worry about the end of my current bag,” the user wrote.

“Yes!!! I ended up having to pay through the nose for Ghirardelli chips last Christmas. Everything else sucks, especially the Nestlé ones,” another wrote.

The Kirkland chocolate chips can also be purchased online, according to Costco’s website.

The 4.5-pound red bags are priced from $11.99 to nearly $14, depending on the location, marking an increase from several years ago. One Reddit user shared a photo from 2021 showing the bags priced at $7.99.

Even at the higher price, the Kirkland version remains cheaper than its Nestlé replacement, which is now priced at $16.99 for the same 4.5-pound size.

It is unclear whether Costco will phase out the Nestlé bags as Kirkland inventory returns or continue carrying both. The status of the blue Kirkland bags is also unclear.

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Costco has not made a public announcement about the return of the Kirkland bags.

This post was originally published here

The United States believes Israel is not doing enough to prevent violent settler attacks in the West Bank, KAN News reported on Wednesday, citing a senior White House official.

According to the report, the official plans to discuss the issue with the Prime Minister’s Office and expects it to explain why the security establishment is unable to quell the violence.

The report comes amid the ongoing violence in the area of the West Bank Palestinian village of Qusra, where IDF Chief of Staff Lt.-Gen. Eyal Zamir held a situational assessment on Wednesday with Central Command chief Maj.-Gen. Avi Bluth, Operations Directorate chief Maj.-Gen. Itzik Cohen, and Operations Division chief Brig.-Gen. Barak Hiram.

Earlier Wednesday, IDF troops arrived at the scene in an effort to lift a siege imposed on Palestinian homes in the West Bank village. Clashes then broke out between the troops and numerous settlers who had arrived in the area. As of Wednesday evening, the siege had not yet been lifted.

Zamir instructed the military to continue efforts to restore order and strengthen operational control in the area, while working to prevent further serious incidents. As part of those efforts, he ordered an additional active-duty infantry battalion to reinforce the sector.

Israeli soldiers inspect the damage following an attack by Israeli settlers in the village of Sarra, near the West Bank city of Nablus, July 24, 2026. (credit: STR)

The battalion, which is currently undergoing refresher training, will be deployed to strengthen operational control in the area. “Additional forces will be held in reserve for deployment as necessary,” the military said.

The IDF said the operation was being carried out in coordination with the Israel Police and the Shin Bet (Israel Security Agency), with the aim of “restoring order, maintaining security in the area, and bringing the rioters to justice.”

IDF: Zamir told soldiers in West Bank to review conduct, use-of-force rules

The military also said Zamir had instructed forces throughout the West Bank to review the rules governing their conduct and use of force in such incidents.

It added that “alongside the central mission and ongoing activity to thwart terrorism, while strengthening the defense of the settlements, the chief of staff instructed that the rules of conduct and use of force in incidents of this kind be reiterated to all forces in the Judea and Samaria sector.”

Earlier on Wednesday, the IDF began lifting the siege imposed by a group of settlers on two homes in Qusra, which is located in Area B of the West Bank. Dozens of settlers who arrived in the area clashed with the military, dismantled fences, and blocked roads.

The entire area was declared a closed military zone. Bluth arrived at the scene to oversee the operation, spoke with the Palestinians, and asked the settlers to leave and not interfere with the military’s efforts.

Yesh Din: Settlers cut off water, electricity to Palestinian homes

The Yesh Din human rights organization said in an appeal sent to Bluth on Tuesday that settlers had imposed a siege on two homes in the village. According to the organization, seven Palestinians, including two girls aged 10 and four, had been trapped in their homes for three days.

Yesh Din said the settlers had cut off electricity and water supplies to the homes.

According to Yesh Din, residents of the “Tell Talpiyot” outpost, which was established in January in Area B, set up a new “offshoot” on Sunday in the form of a sukkah near the homes of the two families.

The organization said the settlers imposed the siege that same evening. They blocked the access roads to the homes with piles of stones and, during the night, damaged electrical cables and the connection to the solar panels, as well as vandalizing the water pipes.

This post was originally published on here. 

Spectators across Spain watched in wonder, some whipping off their protective glasses and rising to their feet in unison, as a rare total solar eclipse swept across the north of the country on Wednesday evening, plunging it into darkness.

Spain deployed a massive police contingent and set up special viewing spots across rural areas that offered the best views of the spectacle.

Viewers in Buitrago de Lozoya, a rural district north of Madrid, clapped and cheered as the sky dimmed and Baily’s beads – bright points of sunlight that shine around the edge of the moon during a total eclipse – glistened on the horizon just after 8:30 p.m., lasting barely a minute.

“It’s impressive how the colors return little by little after totality – first the reds, then the blues – just like at dawn and sunset, totally deceiving your brain,” said economist Diego Fernandez, 32.

Rafael Jiménez, 50, a resident of Madrid, said the event felt like science fiction. “It was an absurd scene; we even got soaked when the garden sprinklers kicked in,” he said. “And then, just like that, we were watching the sunset again.”

The ''diamond ring'' effect appears as the moon moves across the sun during a total solar eclipse, as seen from El Arenal beach in Mallorca, Spain, August 12, 2026. (credit: REUTERS/Francisco Ubilla TPX IMAGES OF THE DAY)

Spain’s turn with the eclipse followed shortly after a less remarkable spectacle over much of overcast Iceland, although a break in the clouds in the far west of the Nordic country allowed holidaymakers and locals a glimpse of the celestial phenomenon. The eclipse was hidden behind clouds in central Reykjavik although the darkness of the totality was still evident.

“It was like a whole day just came at once and I felt goosebumps because it just made us think about … the shortness of life, how time can be different and it depends on your perspective,” lawyer Eduarda Ortiz, 33, told Reuters in the Icelandic capital.

Millions of people gathered in Iceland and northern Spain to witness Western Europe’s first total solar eclipse in 27 years.

Brian May, former guitarist for the rock band Queen, was among them. He traveled to an observatory in Spain’s Teruel province and chronicled the experience on his Instagram page.

“Here we go, the sun is disappearing. It’s amazing,” he said as the eclipse reached its climax and bystanders burst into cheers and applause after a countdown.

In Spain, authorities were expecting up to 6 million visitors in mostly rural areas under the eclipse’s path across the north of Spain and the Balearic Islands.

Police, planes, and helicopters on standby

The Iberian Peninsula last witnessed a total solar eclipse in 1912, but another is due on August 2, 2027, and an annular eclipse will follow in January 2028, completing the so-called “Iberian Eclipse Trio.”

The uncanny sensation when day briefly turns to twilight and some animals fall quiet, while the moon passes directly between Earth and the sun, has often been seen through history as an omen of cosmic struggle or a sign of divine power.

For Spain, the event has been a chance to showcase its less-traveled regions and draw tourists from its overcrowded beach resorts. Some seized the opportunity to get married, according to local press reports.

The eclipse took place in one of the country’s highest-risk periods for wildfires, with emergency crews fighting various fires on Wednesday, including a large one in the southern Andalucia region.

Authorities rolled out a large-scale police operation and public safety campaign to make sure the crowds did not set off wildfires.

A small fire erupted near an eclipse viewing point in the town of Peñíscola, in the Valencia region, local authorities said. The fire began in a vehicle and spread to 33 more before firefighters brought it under control, they said. Emergency crews, including aircraft, were dispatched to the area.

The authorities dispatched 25,000 police officers to guarantee security around the eclipse observation sites and deployed nearly 100 planes and helicopters.

As of late Wednesday, no wildfire incident tied to eclipse chasers was reported.

Eclipse fever in the land of sagas

In Reykjavik, glasses that allow spectators to view the phenomenon without damaging their eyes have been sold out for days, as the country of roughly 400,000 people welcomed up to 80,000 visitors.

Totality reached Iceland’s westernmost coast at about 5:44 p.m., casting the far west of the island nation into total darkness for up to 2 minutes and 13 seconds.

The event has drawn both casual observers and “eclipse chasers,” enthusiasts who crisscross the globe to be in the path of totality whenever and wherever an eclipse occurs.

In Spain, 43-year old Gema, who did not give her last name, said as she left the Buitrago de Lozoya viewing point: “Everybody tells you about it, but it is more beautiful than you imagine.”

This post was originally published on here. 

OPEC has cut its 2026 oil-demand growth forecast for the fourth consecutive month, another sign that the Iran war and restricted shipping through the Strait of Hormuz are beginning to reshape consumption rather than simply push prices higher. 

The cartel now expects global oil demand to grow by about 580,000 barrels a day this year, down from roughly 780,000 barrels a day in its previous forecast. OPEC still expects demand to rebound strongly in 2027. 

The important point for businesses is not the forecast revision itself.

It is why demand is weakening.

When oil stays expensive for long enough, companies and consumers begin changing behavior. Airlines adjust routes and schedules. Trucking companies pass more fuel costs to customers. Manufacturers look for cheaper energy inputs. Refiners reduce runs. Households drive less or shift spending away from other goods to cover gasoline and transportation costs.

That is what turns an oil shock from a temporary price spike into a broader economic problem.

The Strait of Hormuz remains central to that pressure. The waterway normally handles roughly one-fifth of global oil traffic, but shipping has remained heavily restricted during the Iran conflict. Fewer available barrels and higher transportation and insurance costs have kept Brent crude near $90 even as consumption expectations weaken. 

That creates an unusual market.

Normally, weaker demand pushes oil prices down.

Today, demand is softening while supply remains constrained, meaning businesses can end up consuming less energy without receiving much relief on price.

OPEC’s outlook is still considerably more optimistic than the International Energy Agency’s. The IEA expects global oil demand to decline by roughly 1.6 million barrels a day in 2026, reflecting high prices, refinery disruptions and the economic effects of the Iran conflict. 

That gap matters because OPEC represents producers whose revenues depend heavily on oil consumption, while the IEA advises major consuming countries.

But both organizations are pointing in the same direction: the energy shock is beginning to reduce demand.

For oil-producing countries, that creates its own dilemma.

Keeping supply constrained can support prices in the short term, but prices that remain too high can accelerate conservation, substitution and economic slowdown — ultimately reducing the amount of oil customers want to buy.

OPEC is therefore facing a balancing act.

It needs enough supply restriction to support producer revenues without allowing prices to become so expensive that customers permanently change their behavior.

For consumers and businesses, the lesson is simpler.

The cost of the Iran conflict is no longer showing up only at the pump.

It is increasingly changing how much energy the global economy can afford to use.

JBizNews Desk | Vienna & New York

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The Likud Party is preparing to hold its primary on Monday, but days before the vote, the rules governing its next Knesset list remain caught up in reserved positions, internal petitions, conflicting explanations, and last-minute decisions. This is no way for Israel’s governing party to approach one of its most consequential internal elections.

Prime Minister Benjamin Netanyahu was already granted eight slots for candidates of his choosing. Party institutions have since approved guaranteed positions for Defense Minister Israel Katz, Foreign Minister Gideon Sa’ar, and Likud Central Committee chairman Haim Katz – the latter of whose position was approved on Wednesday after the party tribunal initially froze the vote.

These developments followed an earlier attempt to create an emergency mechanism under which a committee of Likud mayors could choose the party list if security conditions prevented a primary. The tribunal insisted that the primary should be held in all circumstances.

The primary has not been abolished, and Likud members will determine much of the list. Nor are reserved positions inherently illegitimate – they can introduce new talent, honor merger agreements, or ensure a party presents a balanced and electorally credible slate.

But there is a point at which flexibility begins to hollow out the process it is meant to complement. When significant positions are removed from competition, exceptions are introduced shortly before voting, and the final structure of the list remains subject to internal litigation, party members are left with a diminished choice.

Likud primaries conference in Ashdod, southern Israel. August 10, 2026. (credit: Liron Moldovan/Flash90)

The message is difficult to avoid: Likud members are trusted to give the party its democratic character, but not fully trusted to determine its political face.

So what might be Netanyahu’s motives? Ynet reported, citing a senior Likud source, that Netanyahu is particularly concerned MK Tally Gotliv could place in the top 10 and shape the list’s public character.

More and more preferred candidates shielded from competition

That concern – if accurately reported – is not frivolous. A party leader is entitled to worry that some candidates may narrow the party’s appeal or allow provocation to become its defining public language. But a broad national camp cannot be restored if it shields more and more preferred candidates from competition.

It must be rebuilt, rather, through leadership, persuasion, recruitment, and a clear political program.

If Netanyahu believes that parts of the Likud have moved toward a style that is too extreme, too personal, or too confrontational, he should say so and make the argument to his party. He should encourage candidates who represent the national-liberal tradition he wishes to advance and explain why they deserve the support of Likud members.

Attempting to correct the result in advance is an admission that the leadership has failed to shape the political culture of its own movement.

The Likud has long distinguished itself from most Israeli parties through the role given to its membership in selecting its Knesset candidates, with only a small number of parties still using broad primary elections to choose most of their parliamentary slate.

This distinction is worth preserving, particularly because the Likud is not a marginal political organization; it remains the largest faction in the current Knesset, with 32 seats, and leads the government. Decisions about its list help determine not only who enters parliament, but who may become ministers and national decision-makers.

Israeli voters do not rearrange parties; they choose the entire party

This is especially significant under Israel’s closed-list electoral system. Voters choose a party on Election Day; they cannot rearrange its candidates or express a preference for particular individuals. The internal process therefore largely determines which candidates will enter the Knesset if the party wins enough seats.

Likud members, then, will still vote in a primary, but their choices will matter less once Netanyahu’s reserved candidates and the party’s guaranteed slots are added to the final slate. That may be permitted under the party’s rules, but it should not be presented as an undiminished exercise in internal democracy.

Likud members should be allowed to make genuine choices, including choices that Netanyahu or other senior officials may dislike. That uncertainty is not a defect in a democratic process – it is the reason for holding one.

The Likud’s size and influence give it substantial weight in Israeli society – they also give it a responsibility to maintain serious institutions, settled rules, and a democratic culture that extends beyond the party’s rhetoric.

It is time for the Likud to put its house in order.

This post was originally published on here. 

US prosecutors announced on Wednesday a hate crime indictment by a federal grand jury against ‌a man who police said had stabbed a Muslim person multiple times in mid-July because of the victim’s religion.

Peter Larsen, 48, of Orem, Utah, was indicted by a federal grand jury “for the federal hate crime of willfully causing bodily injury to a victim because of his actual or perceived religion” in a July stabbing at the Valley ​Fair Mall in Utah’s West Valley City, the Justice Department said in a statement.

Larsen, who could not be reached for comment, has been detained in state custody since his July 13 arrest.

The incident raised alarm among Muslim Americans after police said that the victim, a Muslim man, had “multiple ⁠stab wounds all over his body and was bleeding profusely” and that the attacker told police that he “intends to kill Muslims.”

The victim was stabbed multiple times, including in the neck, and needed surgeries, federal prosecutors said. They added that an investigation determined Larsen went to the mall to attack Muslims.

: Muslim men, women, and children participate in a mass Eid al-Adha prayer in a park across the street from Yankee Stadium on May 27, 2026, in the Bronx borough of New York City. (credit:  Spencer Platt/Getty Images)

Larsen purchased a knife from a store inside the mall and went around asking mall employees if they were Muslim, federal prosecutors said, adding that when the victim responded that he was a Muslim, Larsen began stabbing him.

The attack was stopped when bystanders intervened and subdued Larsen until police arrived.

Islamophobia rising since September 11, Hamas war

US rights advocates have noted rising Islamophobia over the last two-plus decades following the September 11, 2001, attacks, and more recently because of anti-immigration policies, white supremacy, and the fallout of Israel’s war in Gaza with Hamas.

Deadly violent attacks ⁠in recent ​years include a 2023 stabbing of a 6-year-old Muslim child ​in Illinois whose killer was sentenced to 53 years in prison before he died in custody, and a 2026 shooting at a San Diego mosque ​that left five dead, including two teenage suspects.

This post was originally published on here. 

White House press secretary Karoline Leavitt will leave her role at the end of the month, US President Donald Trump said on Wednesday, leaving the president without one of his most trusted advisers ahead of November’s midterm elections.

Leavitt will be an outside communications adviser and party operative shaping the future contours of Trump’s “Make America Great Again” movement, she and Trump said in statements.

In a social media post, Leavitt, 28, said she aimed to spend more time with her young children. She gave birth to a daughter, her second child, in May and recently returned from maternity leave. 

“Karoline has been a real leader in the White House, and has done a phenomenal job fighting for Justice, Liberty, and Freedom, since 2018, including our Historic Re-Election Campaign of 2024,” Trump said in a social media post, calling Leavitt “one of the best White House Press Secretaries in the History of the Office.”

Leavitt called her role at the White House “the honor and adventure of a lifetime.”

White House Press Secretary Karoline Leavitt listens as US President Donald Trump speaks with members of the media aboard Air Force One en route from Florida to Joint Base Andrews, Maryland, January 11, 2026. (credit: REUTERS/Nathan Howard)

Leavitt is youngest ever White House press secretary

Leavitt joined Trump’s 2024 campaign and served as transition spokeswoman before Trump selected her to be White House press secretary. She was the youngest person to be appointed to the role.

“Few could or will ever compare to Karoline,” said Harrison Fields, Trump’s former principal deputy press secretary. “She’s someone who not only spoke Trump fluently, she knew how to feed the media beast in a cunning, audacious, and successful way that, most importantly, played to her audience: the president.”

In her year and a half on the job, Leavitt and White House communications director Steven Cheung transformed the administration’s posture toward the media – in ways that some of Trump’s allies cheered and free press advocates criticized.

The Trump administration began handpicking which journalists receive access to the president, jettisoning the long-running system set up by the independent White House Correspondents Association. The “press pool” was traditionally a rotation chosen by the industry group to ensure media outlets had uniform access to the president and could relay his activities to the public and to other journalists who could not attend smaller gatherings.

As part of that process, the Trump administration press office created a special “new media” seat in the briefing room that gave podcasts, newsletters and fledgling digital outlets a more prominent role in covering the presidency. Some press advocates hailed the move as a recognition of the changing media landscape. Others criticized it as a lever the administration could use to reward outlets whose coverage it saw as favorable.

Leavitt’s post one of Washington’s most demanding

Although Leavitt is leaving the White House less than two years after taking the job, her tenure is not unusually short by modern standards. The White House press secretary is one of Washington’s most demanding and highly scrutinized positions, and in recent decades many have served for roughly a year and a half to three years.

Jen Psaki, former president Joe Biden’s first press secretary, left after about 16 months; Jay Carney served for roughly three and a half years under Barack Obama, while Josh Earnest held the job for about two and a half years.

Some of the notable exceptions date to earlier administrations: James Hagerty served for nearly all eight years of Dwight Eisenhower’s presidency, while Marlin Fitzwater served under two presidents, Ronald Reagan and George H.W. Bush.

Leavitt’s tenure, which will total approximately 19 months by the time she departs at the end of August, therefore falls comfortably within the modern pattern for one of the White House’s most relentless public-facing jobs.

This post was originally published on here. 

Federal employees can now put TikTok back on their government-issued phones. The Office of Management and Budget issued a memorandum to the heads of executive departments and agencies on Monday, Aug. 10, stating plainly that “TikTok may be used on government devices.”

The memo, signed by OMB Director Russell Vought, rests on a single legal finding: the app sitting in American app stores today is not the app Congress banned in 2022. “TikTok is no longer a ‘covered application’” for purposes of the No TikTok on Government Devices Act, Vought wrote in the short memo.

That conclusion traces back to a change in who owns the business. The divestiture was completed in January 2026, creating the TikTok USDS Joint Venture — the entity that now runs the U.S. version of the platform. Silver Lake, Oracle and MGX serve as its managing investors, each holding a 15 percent stake, while ByteDance retains 19.9 percent. Other backers include an investment firm connected to Dell founder Michael Dell, along with affiliates of Susquehanna International Group and General Atlantic. The joint venture operates independently of ByteDance and has rebuilt the recommendation algorithm and the cybersecurity controls it inherited from the Chinese parent.

The Justice Department reached the legal conclusion first. In a written opinion released in mid-July, its Office of Legal Counsel found that the statutory ban applies to TikTok as operated by ByteDance, and that the version now distributed in the United States falls outside that category. The opinion also noted that the joint venture uses outside cybersecurity firms to monitor and certify its privacy protections and to hunt for vulnerabilities, and concluded the arrangement leaves the app as secure as any comparable social platform. Executive branch employees, the department said, may install it on official devices at their agency’s discretion and within normal workplace rules.

Monday’s memo turns that legal opinion into government-wide policy. Agencies are not required to allow the app; each one can still keep it off its own devices for its own reasons, including productivity. What has changed is that the statutory prohibition no longer supplies the answer.

In practice, much of the executive branch had already moved. Following the Justice Department memo, the Treasury, Transportation, and Health and Human Services departments opened TikTok accounts, and the White House set one up last year. Most of the president’s Cabinet joined the platform late last month and appeared in “welcome back” videos on agency accounts.

For TikTok, the commercial value of the reversal is less about the number of federal employees scrolling and more about the seal it places on the ownership deal. The 2022 device ban was the first of the U.S. restrictions on the company and the piece that framed it in Washington as a security liability. Having the executive branch declare the American-owned version outside the statute gives the joint venture something it can carry into advertiser conversations, agency partnerships and its dealings with state governments — a federal finding that the security objection has been answered.

Federal contractors have a narrower question to work through. The acquisition regulation that bars the app from contractor devices was written against the same statutory definition the Justice Department has now reinterpreted, which means the prohibition’s reach turns on a term the executive branch has redefined rather than on language Congress rewrote. Contractors carrying that clause in active contracts will want to confirm with their contracting officers before treating the restriction as lifted, since the underlying regulation and its implementing guidance remain on the books.

The reversal also does not reach beyond the executive branch. TikTok remains banned on House and Senate devices, and states including Texas and Virginia continue to prohibit it on state-issued equipment. Those bans rest on separate authority and would each have to be revisited on their own terms.

The broader statute is a different matter still. The 2024 divest-or-ban law, which required ByteDance to sell or see the app cut off from U.S. networks and app stores, passed with wide bipartisan support and was upheld by the Supreme Court days before it was to take effect. That law remains in force. The joint venture structure exists precisely to satisfy it, and the ownership arrangement now doubles as the basis for lifting the device ban — the same corporate reorganization answering both requirements at once.

JBizNews Desk | Washington

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California’s statewide minimum wage climbs to $17.40 an hour on Jan. 1, 2027, a 50-cent increase from the current $16.90, under an adjustment Gov. Gavin Newsom’s office announced on July 31.

No vote was required. The increase happens automatically under California law, which resets the statewide minimum each year to track inflation. That mechanism is the part employers should focus on: the rate moves on a formula, not on a legislative fight, so payroll planning has to assume an increase every January whether or not anything is happening in Sacramento.

The number that will cost California employers more money is not the hourly rate. It is the salaried exemption threshold that moves with it. Effective Jan. 1, 2027, an employee classified as exempt under California’s executive, administrative or professional exemptions must generally be paid at least $72,384 a year, or $1,392 a week — up from $70,304 and $1,352 in 2026. California sets that floor at twice the state minimum wage for full-time work, which means every minimum wage increase pulls the salary test up with it. Any manager or professional sitting below the new figure has to be given a raise or reclassified as hourly and paid overtime. Meeting the salary number alone does not make someone exempt; the job duties still have to qualify.

For hourly employers, the more consequential fact is that $17.40 is a floor and not the rate most California businesses actually pay. Many cities and counties have adopted higher local rates — the City of San Diego is at $17.75 an hour, while unincorporated San Diego County follows the state figure. Emeryville raised its rate to $20.34 an hour in July, and 69 local jurisdictions nationally have set minimums above their state rate, according to the Economic Policy Institute. California also runs separate, higher floors for fast-food and many health care workers. A multi-site operator in the state is administering several different wage rates at once, and the state increase resets only the baseline underneath them.

California will not have the highest wage floor in the country when the new rate lands, despite the framing around the announcement. Washington’s minimum wage rose to $18.40 an hour in July from $17.95. The state’s claim is to the highest statewide minimum among the largest states and well above most, but Washington’s indexed rate is currently higher and adjusts annually as well.

The federal minimum wage remains $7.25 an hour, unchanged since 2009 — the longest stretch without an increase since the federal floor was created in 1938. Bureau of Labor Statistics data show about 1 percent of American workers earn that rate, which is the practical reason the federal number functions more as a political marker than a binding constraint in most labor markets. Where it still binds is in states that have not set their own floor, concentrated in the South and parts of the Midwest.

Newsom framed the increase against Washington’s inaction, saying California had chosen a path that rewards work and that “if you work hard, you deserve a decent paycheck.” His office paired the announcement with state economic figures, citing 3.7 percent annualized real GDP growth in the first quarter of 2026 and more than 131,000 jobs added over the past year. The White House did not comment.

Federal proposals have gone nowhere in both directions. Sen. Josh Hawley of Missouri introduced a bill in June 2025 to raise the federal minimum to $15 an hour; it was referred to committee and never advanced. A separate measure introduced in May would lift it to $25 an hour by 2031. Neither has a path. The administration’s argument on hourly pay rests instead on the tax side — the One Big Beautiful Bill Act eliminated federal tax on tips, overtime and Social Security income, with the White House estimating the tip provision is worth roughly $1,300 a year on average and applying retroactively to 2025 wages for an estimated 6 million tipped workers.

For employers operating across state lines, the compliance point is unchanged and often missed: where state and federal minimums both apply, the higher rate governs. In California that has been the state rate for years, and the gap widens again on Jan. 1.

JBizNews Desk | Sacramento

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A grand jury has indicted Nick Reiner in the December stabbing deaths of his parents, Hollywood filmmaker Rob Reiner and producer Michele Reiner, and added a special circumstance of lying in wait, prosecutors said on Wednesday.

Nick Reiner pleaded not guilty to two counts of murder with special circumstances of multiple murders, lying in wait and using a “dangerous and deadly weapon, a knife,” a statement from the Los Angeles County District Attorney’s Office said. The special circumstances make him eligible for the death penalty if prosecutors decide to seek it.

The 32-year-old, who has been jailed without bail since his arrest in December, had pleaded not guilty to murder charges in February. Rob Reiner, 78, and Michele Reiner, 70, were found stabbed to death in their home in the wealthy neighborhood of Brentwood in one of the most shocking celebrity homicide cases in Los Angeles history.

The grand jury indictment, returned on July 20, replaces those charges and allows prosecutors to go to trial without presenting their case in public at a preliminary hearing.

“We hope that by having a grand jury return an indictment in this case it will bring us one step closer to a trial and achieving justice,” District Attorney Nathan Hochman said in a statement.

Rob Reiner attends the Los Angeles Premiere of ''Spinal Tap II: The End Continues'' at The Egyptian Theatre in Los Angeles, California, US, September 9, 2025. (credit: REUTERS/AUDE GUERRUCCI)

Reiner’s son accused of murder acknowledges substance abuse issue

Nick Reiner, the middle child of the couple’s three children, had acknowledged a years-long struggle with substance abuse.

Rob Reiner gained fame as a co-star in the 1970s hit television comedy All in the Family and later directed films such as When Harry Met Sally, This Is Spinal Tap, and The Princess Bride.

A pre-trial hearing is scheduled for September 15.

This post was originally published on here. 

Whole Foods announced Wednesday that it is recalling certain produce and prepared foods containing fresh jalapeño peppers supplied by Coast Citrus Distributors over potential salmonella contamination.

The Food and Drug Administration said the recalled products were sold in 12 states and have “Best Before” dates ranging from Aug. 7 through Aug. 16.

No illnesses have been reported in connection with the recalled Whole Foods products, according to the FDA.

The recall includes select salsas, guacamole, pico de gallo and prepared foods, Whole Foods said. A full list of affected products is available on the FDA’s website.

18 PREPARED FOODS UNDER ALERT AS JALAPEÑO SALMONELLA OUTBREAK SICKENS 345

The products were sold in Texas, Oklahoma, Louisiana, Wisconsin, Michigan, Illinois, Iowa, Missouri, Arkansas, Indiana, Kentucky and Ohio.

A Whole Foods spokesperson said Wednesday’s recall was issued because the products contain jalapeños that were sourced from Coast Citrus Distributors and are connected to the distributor’s recall. Some affected products were also included in a Taylor Fresh Foods recall announced Sunday.

The Whole Foods action comes amid a broader salmonella outbreak linked to jalapeños that has sickened 345 people and hospitalized 36 across 27 states, according to federal officials.

Prior to the Whole Foods announcement, at least 18 ready-to-eat meat and poultry products had already been identified in a USDA public health alertin Sinaloa, Mexico, and distributed by Coast Citrus Distributors.

NEARLY 30,000 POUNDS OF RAW BEEF RECALLED OVER MISSED IMPORT INSPECTION

On Monday, Taylor Farms announced a recall of prepared foods containing jalapeños sold by retailers including Walmart and Whole Foods in several states over potential salmonella contamination.

The FDA advised consumers who purchased any of the recalled Whole Foods products to discard them or bring a valid receipt to a Whole Foods Market store for a full refund.

According to federal regulators, illnesses linked to the jalapeño outbreak began between June 19 and July 20, 2026.

CULT-FAVORITE PIZZA CHAIN USES SURPRISING METHOD TO RECREATE NYC FLAVOR NATIONWIDE

Officials said several major brands and retailers have been affected by the outbreak, including Taylor Farms, Deli Kitchen, H-E-B’s Higher Harvest and Meal Simple brands, Marketside, Wawa, Albertsons, Randalls, Tom Thumb and Hannaford.

Chipotle Mexican Grill and QDOBA also received affected jalapeños imported from Sinaloa, according to federal officials.

Chipotle switched its jalapeño supplier at affected locations beginning July 20 and is no longer serving the implicated product, while QDOBA stopped using jalapeños at all of its restaurants as of July 28.

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Coast Citrus Distributors has agreed to recall the remaining implicated product and is no longer importing jalapeños from the grower linked to the outbreak.

Food contaminated with salmonella can cause salmonellosis, with symptoms including diarrhea, stomach cramps and fever.

FOX Business’ Bonny Chu and Reuters contributed to this report.

This post was originally published here. 

McDonald’s is moving into energy drinks, teaming with Red Bull as the fast-food giant expands its beverage lineup while working to drive more customers to its U.S. restaurants.

Starting Aug. 17, participating McDonald’s restaurants nationwide will sell the Red Bull Dragonberry Energizer, marking the company’s entry into the energy drink category.

The drink combines Red Bull with blue raspberry syrup and freeze-dried dragonfruit. Customers can substitute Red Bull Zero for a reduced-sugar version or purchase an 8.4-ounce can of Red Bull separately.

The beverage expansion comes as McDonald’s works to improve customer traffic after its U.S. business delivered slower-than-expected sales growth during the second quarter.

MCDONALD’S SAYS US SALES SLOWED AFTER VALUE DEAL PUSH FELL SHORT

Comparable sales in the U.S., McDonald’s largest market, increased 0.8% during the quarter, below the 1.06% growth analysts surveyed by LSEG had expected. U.S. comparable sales grew 2.5% a year earlier.

CEO Chris Kempczinski said execution problems, including inconsistent promotion of value offerings and reduced use of digital deals, contributed to weaker customer traffic.

“We don’t have a strategy problem. We simply didn’t execute at the level we needed to in the second quarter,” Kempczinski said.

McDonald’s CFO Ian Borden said the company planned to use more national digital offers and personalized promotions to “reenergize our high-frequency customers.”

MCDONALD’S BRINGING BACK FRIED APPLE PIE TO CELEBRATE AMERICA’S 250TH BIRTHDAY

The Red Bull rollout builds on McDonald’s expansion of its core beverage lineup with crafted sodas and Refreshers.

“We’ve seen growing enthusiasm for our crafted sodas and refreshers as fans look for more variety and options to fit every occasion,” Alyssa Buetikofer, chief marketing and customer experience officer for McDonald’s USA, said. “They loved the Red Bull Dragonberry Energizer when we first tested it in the U.S., so we’re excited to give fans nationwide the energy they’ve been craving with Red Bull. And we’re just getting started.”

McDonald’s is also expanding its crafted soda lineup with a Vanilla Swirl, which combines vanilla flavor and cold foam with a choice of Coca-Cola, Diet Coke or Coke Zero Sugar.

Other offerings will vary by location and include Orange Dream with Fanta and reduced-sugar crafted sodas made with Diet Dr Pepper, Dr Pepper Zero Sugar and Sprite Zero Sugar.

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Both McDonald’s Refreshers and Red Bull Energizers contain caffeine, according to the company.

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American businesses filed 666 Chapter 11 reorganization cases in July, down 27 percent from the same month a year earlier, according to filing data compiled by Epiq AACER and released Aug. 6 by the American Bankruptcy Institute.

Chapter 11 is the chapter a company uses when it wants to stay open. Rather than liquidating and shutting the doors, the business keeps operating while it restructures what it owes, negotiates with creditors and works toward a plan that lets it come out solvent on the other side. A drop in Chapter 11 filings normally reads as a sign that fewer companies have hit that wall.

This one needs a caveat before it can be read that way. The 914 filings recorded in July 2025 included more than 300 cases stemming from a single large healthcare system’s bankruptcy. One corporate collapse can drag hundreds of affiliated entities into court as separate filings, which inflates a monthly count without telling you anything about conditions across the broader economy. Strip that event out and last July’s baseline was closer to 600 — which puts this July’s 666 roughly flat to modestly higher, not down by a quarter.

The month-over-month figure carries less of that distortion. Commercial Chapter 11 filings fell 18 percent from June’s total of 814. Overall commercial bankruptcy filings, across all chapters, were down 8 percent from a year earlier.

Underneath the corporate numbers, small businesses moved the other way. Subchapter V elections — the streamlined restructuring track available to smaller companies within Chapter 11 — totaled 234 in July, a 24 percent increase over the 188 filed in July 2025, though down 9 percent from June’s 257. That is the number worth watching. Subchapter V exists because a conventional Chapter 11 is too slow and too expensive for a company with a few million dollars of debt; the track cuts out committee requirements and lets the owner keep equity while paying creditors out of future earnings. When those elections climb while large corporate filings fall, it says the pressure has moved down-market, toward businesses without the balance sheet or the lender relationships to refinance their way out of trouble.

The consumer side points in the same direction. Total bankruptcy filings in July rose 10 percent year over year, with individual Chapter 7 filings up 4 percent from June’s 31,423 and Chapter 13 filings up 7 percent from June’s 17,887. Michael Hunter, vice president of Epiq AACER, attributed the increase to elevated interest rates, higher inflation and household debt levels approaching $18.8 trillion, describing the figures as reflecting stress from tighter credit and softer consumer demand built up over two years.

That is the split running through the data. Large companies with capital markets access are refinancing rather than restructuring. Households and small businesses that depend on bank credit and card debt are not.

The broader July economic backdrop was steadier than it had been. The 12-month inflation rate eased in June after three straight months of acceleration, and S&P Global reported on July 24 that U.S. business activity growth had reached an eight-month high, with year-ahead business confidence at an eight-month high as well. Improved sentiment among larger firms is consistent with fewer big reorganizations reaching the docket.

There is also a legislative piece moving. Amy Quackenboss, ABI’s executive director, called bankruptcy a “critical safeguard” for businesses working through financial distress and pointed to congressional efforts to permanently expand access for small businesses under Subchapter V and consumers under Chapter 13. She was referring to the Bankruptcy Threshold Adjustment Act of 2026, introduced in the Senate in March by Sen. Chuck Grassley of Iowa, which would permanently set the small-business Chapter 11 debt ceiling at $7.5 million. The threshold determines which companies can use the cheaper track at all. Set it low and a business with $4 million in debt is pushed into a full Chapter 11 it cannot afford to run, which in practice often means liquidating instead of reorganizing. Making the higher limit permanent would remove the on-again, off-again treatment that has followed the provision since it was created.

For lenders, landlords and suppliers, the practical takeaway is that the headline decline is largely an artifact of last year’s outlier month. The distress in the data is showing up in smaller cases, in more of them, and among borrowers with the least room to maneuver.

JBizNews Desk | New York

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Two senior Democratic US senators on Wednesday pressed Trump administration officials to explain why they have paused imposing fresh sanctions on companies, banks, and other entities that help Russia evade existing restrictions over its invasion of Ukraine, even though peace talks have not proved fruitful.

Sens. Elizabeth Warren, the top Democrat on the Senate Banking Committee, and Christopher Coons sent a letter to Secretary of State Marco Rubio and Treasury Secretary Scott Bessent questioning the administration’s approach. The senators said the administration has paused regular, targeted sanctions aimed at countering Russian sanctions evasion for 17 months.

The US last imposed major sanctions on Russia in October 2025, when the Treasury Department targeted Russian oil companies Rosneft and Lukoil. The senators said they viewed those sanctions as a one-off measure and argued that Russia has been able to evade existing restrictions.

Administration wants to ‘see where the peace talks go,’ Bessent says

The letter cited Bessent telling Congress in February that the administration wanted to “see where the peace talks go” before resuming some counter-evasion sanctions, even as the administration imposed sanctions on Iran and Cuba during talks with those countries.

It also cited Rubio saying in May that peace talks between Russia and Ukraine had not been fruitful and that no such talks were taking place at the time.

US Secretary of State Marco Rubio speaks during a memorandum of understanding signing ceremony with Paraguayan Vice President Pedro Alliana on strategic civil nuclear cooperation, at the State Department in Washington, DC, US, August 4, 2026. (credit: REUTERS/KEVIN LAMARQUE)

According to the letter, the US imposed 111 sets of sanctions on Russia between its February 2022 invasion of Ukraine and January 2025, the month President Donald Trump began his second term.

Sanctions imposed during former president Joe Biden‘s term did little to stop Russia.

The senators asked Rubio and Bessent to respond by August 28 to the question: “If the administration paused regular Russia sanctions because of peace talks, and those talks stalled months ago, why hasn’t the Administration resumed routine and frequent U.S. sanctions to rebuild leverage for a just peace in Ukraine?”

The Senate passed new sanctions legislation targeting Russia this month, but its future remains uncertain. Democrats and some Republicans have expressed concern that the legislation could give Trump new powers to impose tariffs on goods from US allies, including Japan and some European countries.

The Treasury and State departments did not immediately respond to requests for comment.

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Ford Motor Company plans to expand U.S. production of Lincoln vehicles beginning in 2030 and eventually stop importing vehicles from China for the luxury brand’s American customers.

The Dearborn, Michigan-based automaker said Wednesday that the expansion is expected to generate thousands of direct and indirect U.S. jobs. Ford did not disclose how much it plans to invest or identify the plants that would receive the additional production.

The move would mark a shift for Lincoln’s U.S. lineup, which currently includes the China-built Nautilus.

The redesigned Nautilus is assembled at the Changan Ford plant in Hangzhou, China, and exported to the U.S. The previous generation was produced at Ford’s Oakville Assembly Plant in Ontario, Canada.

SOME OLDER FORD VEHICLES POSE ‘UNREASONABLE’ SAFETY RISKS, REGULATORS WARN

Ford did not specifically say whether production of the Nautilus would move to the U.S. under the 2030 plan or identify which China-imported vehicles would be affected.

The announcement comes as Ford and the broader auto industry continue to navigate higher costs and uncertainty tied to tariffs and changing global trade policies.

Ford reported approximately $3 billion in gross costs related to tariffs implemented or revised in 2025, with an approximately $2 billion impact on earnings before interest and taxes after offsets, according to the company’s latest annual report.

Ford did not say whether tariffs or other trade considerations played a role in its decision to phase out Lincoln imports from China.

FORD TO USE APPLE MAPS SOFTWARE IN SELF-DRIVING TECH FOR NEW EV PLATFORM

Lincoln already produces multiple vehicles in the U.S. For instance, the Navigator is assembled at Ford’s Kentucky Truck Plant in Louisville, while the Aviator is produced at the Chicago Assembly Plant. Both vehicles are also exported to markets including Canada, Mexico and the Middle East.

The additional production would expand Ford’s already sizable U.S. manufacturing footprint. The company said it assembled more than 2 million vehicles in the U.S. in 2025, more than any other automaker, and led the industry in U.S. vehicle exports and hourly autoworker employment.

Ford employs approximately 56,300 hourly manufacturing workers in the U.S., according to the company.

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Several details of the 2030 expansion remain unclear, including which models will be produced domestically, where that production will be located and how much Ford plans to invest.

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The Trump administration on Wednesday unveiled a new framework for helping Americans facing the often-intertwined circumstances of addiction and homelessness. 

In a new toolkit, the White House unveiled a “treatment first” model that boosts faith-based interventions while rejecting harm reduction principles and the “housing first” strategy that characterized the Biden administration’s approach. While the new strategy favors medicalized approaches to treating addiction, it cites abstinence as the ultimate goal as opposed to also celebrating decreased drug use and related harms. 

Read the rest…

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When a shopper clicks a link from a blogger, a coupon site or a YouTube review and then buys something, a small tracking file called a cookie rides along and tells the retailer who sent that customer. Whoever owns that cookie gets paid a commission. The allegation against Phia, the shopping browser extension, is that its software dropped its own tracking cookie in the background during checkout — overriding the cookie belonging to the publisher or creator who actually drove the sale, and collecting the commission instead. The industry name for it is cookie stuffing.

Phia was co-founded by Phoebe Gates, the 23-year-old daughter of Microsoft co-founder Bill Gates, and Sophia Kianni. The free tool compares prices across more than 220,000 sites and automatically applies discount codes, marketing itself on the promise that users will never overpay.

The story turned this week. Leaked internal Slack messages reviewed by reporters indicate Gates and Kianni knew the extension was cookie stuffing as far back as December — months before the company said it had just discovered the problem. According to internal communications and people familiar with the matter, both co-founders pushed for the software features that claimed credit for sales the company did not drive. One internal discussion reportedly concerned making sure cookies were dropped whenever Phia appeared on a retailer’s site, even when the shopper had not clicked a coupon.

That undercuts the company’s original explanation. Phia had initially described the behavior as a bug; subsequent reporting indicated it was a deliberately built feature that could be switched on or off.

The legal exposure is what has drawn the most attention. Cookie stuffing can, in some circumstances, form the basis of a federal wire fraud case, which carries a statutory maximum of 20 years in prison. Corporate attorney Ariel Givner noted that the practice is typically treated as federal wire fraud in U.S. courts. Legal commentators have said a conviction could also bring fines and restitution. Gates has not been charged with any crime, and there has been no finding that she committed fraud. As of mid-August, no lawsuits or regulatory actions had been publicly filed against Phia, Gates or Kianni over the allegations.

The commercial damage has already landed. The practice is estimated to have brought Phia more than $10 million, and the company was suspended from Impact.com, a major affiliate and influencer marketing platform. Affiliate platforms generally require partners to sign contracts explicitly banning cookie stuffing, because it takes referral revenue away from the marketers who earned it.

Phia says it is fixing the problem. A spokesperson said any features causing misattribution were removed on July 7, that the company is reviewing every transaction and has begun issuing reversals to brand partners for any misattributed sale, and that it is hiring a head of compliance to prevent a repeat. The company disputed some of the reporting while saying it would learn from the episode. Independent testing after the initial reports found the extension had stopped automatically claiming referral credit in the cases where the behavior had previously been observed.

None of this is unique to Phia, which is part of why the affiliate industry is watching. Honey, the coupon extension owned by PayPal, has been sued over similar conduct and remains the subject of an ongoing class action. Those creator lawsuits, filed in late 2024, alleged the same basic mechanism — overriding the last click at checkout to redirect commissions. There is older precedent as well: eBay sued a top affiliate operator in 2008 over commissions it said were obtained by deception.

The pressure on Phia extends beyond attribution. The startup has raised more than $40 million, with backers including Khloé Kardashian and Hailey Bieber. Reporting after the initial investigation found the company had lost close to half its full-time staff since the start of the year, that several brands did not know they were listed on the app, and that investors had grown uneasy with how hard it was pushing affiliate marketing.

The fix the industry is converging on is enforcement at the platform level. Affiliate networks hold the ledger: they can suspend accounts, audit transaction records and claw back commissions, which is what the Impact.com suspension and Phia’s reversals amount to in practice. For merchants and creators, the practical defense is auditing their own attribution data rather than trusting the last cookie in the chain. For Phia, the harder problem is that a company built on the promise that shoppers will never overpay now has to prove that publishers weren’t underpaid.

JBizNews Desk | New York

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The Israel Border Police located a gazelle which had been illegally caught and kept in a basement near Jenin, the police announced on Wednesday.

The police stated that, overnight between Tuesday and Wednesday, Border Police officers, accompanied by supervisors from the Israel Nature and Parks Authority (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.

A gazelle after being illegally held in a basement near Jenin, August 11, 2026. (credit: ISRAEL POLICE)

Lion cubs illegally trafficked to Israel transferred to South Africa

Last week, two lion cubs, Ben Tzur and Uri, who were rescued last year after being illegally trafficked into Israel, were transferred to a big-cat sanctuary in South Africa, the INPA announced.

The two lions arrived at the Animal Defenders International (ADI) sanctuary in South Africa after a 30-hour journey that included a stopover in Germany. They were released into their new enclosure on Wednesday.

Ben Tzur and Uri are two of six lion cubs rescued in 2025 after being illegally smuggled into Israel and later found in areas under the jurisdiction of the Palestinian Authority.

Jerusalem Post Staff contributed to this report.

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Two US Army soldiers died when an Apache military helicopter attached to the service’s Fort Hood base crashed into a field in Texas on Wednesday, sparking a large grass fire, officials said.

The accident occurred in Bell County, about 60 miles (100 km) north of the state capital Austin, said Cliff Coleman, a spokesperson with the Bell County Sheriff’s Office.

The Bell County justice of the peace declared dead two people who had been on board, Coleman said.

“Today, an Apache helicopter crashed in Bell County during Fort Hood operations, killing two members of our military,” Texas Governor Greg Abbott said on X/Twitter.

Local fire departments responded to blaze that broke out after crash

Fort Hood confirmed in a statement that an AH-64 attack helicopter crashed and two soldiers died but withheld their identification pending notification to their families.

US President Donald Trump salutes as members of the military carry a transfer case during a dignified transfer of the remains of six US Army service members who were killed in Kuwait, at Dover Air Force Base in Dover, Delaware, US, March 7, 2026.  (credit: REUTERS/Nathan Howard)

Images provided by Coleman showed firefighters examining burning debris amid a large patch of charred grass, with smoke billowing from the scene. Several local fire departments responded to the blaze, he said.

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Prosecutor’s declarations were filed on Tuesday against two Rehovot residents who were arrested in connection to an arson attack targeting a Japanika branch in Givatayim.

On July 12, two masked men arrived at a Japanika branch on a two-wheeled vehicle. They poured a flammable substance in front of the restaurant, and set fire to it before fleeing the scene. The fire caused damage to the building and property inside the restaurant, but no one was injured.

The arson was part of a wave of attacks targeting Japanika branches in central Israel. Branches were targeted with grenades, pipe bombs, and attempted arson.

The attacks were investigated against the backdrop of the conflict between the Musli and Jarushi crime organizations, which has been linked to a series of violent incidents in recent months.

The investigation was conducted by the Tel Aviv District Central Unit. Using technological means, investigators were able to track down the perpetrators and identify them despite what police suspect was an attempt to conceal their tracks.

Israel Police car (credit: YOSSI ALONI/MAARIV)

On July 27, the first suspect, an 18 year old resident of Rehovot, was arrested. Several days later, a second suspect, also an 18 year old resident of the city, was arrested. Searches of their homes uncovered evidence and items of clothing that investigators suspect link them to the arson.

The suspects’ detention was extended several times, and on Tuesday, at the conclusion of the investigation, prosecutors’ declarations were filed against them ahead of indictments on the offenses attributed to them.

The arrests in the Givatayim case follows charges being filed against suspects in another incident targeting a Japanika branch in Kiryat Ono, where a fragmentation grenade, believed to be stolen IDF equipment, was thrown at the restaurant.

A wave of organized crime between gangs

Israel Police arrested Musli crime family boss Yossi Musli on July 14 in connection with a series of attacks targeting the Japanika restaurant chain, according to Israeli media reports. 

Nine branches of the food chain were damaged in one day as part of a dispute between the Jarushi and Musli crime organizations, a KAN News report said. Most of the affected branches were franchises operated by the Jarushi family.

According to sources familiar with the matter, Abramov, who is not a suspect in the case, is currently perceived as being affiliated with elements in the Jarushi family, and therefore the chain’s branches have become targets of elements affiliated with the Musli organization.

The background to the conflict is, according to estimates, a dispute over tens of millions of dollars in cryptocurrency.

Shlomi Gabai contributed to this report.

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Jewish businessmen Bob Iger and Joshua Kushner are purchasing the NBA’s storied Los Angeles Lakers, ESPN reported Wednesday, in a stunning, record-setting $12.5 billion deal.

The sale comes barely a year after the team’s controlling stake was sold for $10 billion to Mark Walter, the billionaire CEO of Guggenheim Partners who also owns MLB’s Los Angeles Dodgers, the WNBA’s LA Sparks, Premier League club Chelsea, the Professional Women’s Hockey League, and Cadillac’s Formula 1 team. 

Walter, who is not Jewish, is reportedly seeking cash to pay down loans in response to a Department of Justice investigation.

Kushner, 41, is the younger brother of Jared Kushner, son-in-law and one-time advisor to US President Donald Trump who has played a central role in Israel policy. The younger Kushner is a billionaire venture capitalist who holds a minority stake in the Miami Heat – which he will have to sell to complete the Lakers sale – and was previously a minority owner of the Memphis Grizzlies.

“As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, one of the most iconic sports franchises in the world,” Iger and Kushner said in a statement. “We have immense respect for the leadership and vision of [longtime owners] Jerry and Jeanie Buss. Our long-term commitment is to build on that foundation, compete at the highest level, and serve this extraordinary team, its fans, and the city of Los Angeles.”

Founder and CEO of Thrive Capital Josh Kushner attends the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 10, 2026 in Sun Valley, Idaho. (credit: KEVIN DIETSCH/GETTY IMAGES)

Jewish businesspeople buying NBA teams

The Lakers sale is the latest in a string of recent high-profile NBA team transactions by and among Jewish businesspeople, including Mat Ishbia’s purchase of the Phoenix Suns, Gabe Plotkin and Rick Schnall’s purchase of the Charlotte Hornets from Michael Jordan, and Mark Cuban’s sale of the Dallas Mavericks to Miriam Adelson.

Kushner, who is the grandson of Holocaust survivors and was raised in an Orthodox home in Livingston, New Jersey, was at the center of a controversy in the world of professional soccer earlier this summer when his investment fund Thrive Eternal attempted to purchase a stake in FIFA’s World Cup tournaments.

Under pressure from stakeholders from across the sport, who objected to the prospect of private ownership of the sport’s preeminent contest, the global soccer body withdrew the privatization offer.

The Kushner family has donated millions of dollars to Jewish organizations in America and Israel, including the Friends of the Israel Defense Forces, the Shaare Zedek Medical Center in Jerusalem, multiple West Bank settlement organizations, Chabad, the Ramaz School in Manhattan, and Kehilath Jeshurun synagogue on the Upper West Side. The Joseph Kushner Hebrew Academy in Livingston is named for his grandfather, who launched the family’s real estate empire.

Kushner’s father Charles serves as the United States Ambassador to France and Monaco. 

Former Disney CEO sends message of condolence after October 7

Iger, 75, ended his second stint as CEO of Disney earlier this year. He and his wife, Willow Bay, are the owners of the professional women’s soccer club Angel City FC. Iger was raised in a Jewish home.

Following the October 7, 2023 Hamas attack on Israel that launched the Gaza war, Iger sent a note to Disney’s Jewish employees to “express my shock and sadness.”

“I know that many of you have loved ones in Israel, and I cannot imagine how terrifying the last few days have been seeing the brutality unfold,” he wrote. “My heart goes out to the victims, their families, and all of the innocent people whose lives have been torn apart by this unspeakable violence. I speak for myself and for the entire company in condemning these attacks, the hate that motivated them, and all acts of terrorism.”

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Kroger has closed at least three dozen stores since announcing plans last year to shutter 60 locations that were not “delivering sustainable results” by the end of 2026. 

The Cincinnati-based grocery giant did not release a full list of stores or banners slated for closure, but online searches listed 39 locations across nine banners as no longer operating. Local reports also confirmed that many of the locations were part of the broader store overhaul.

As of January 2026, Kroger operated 2,697 supermarkets across 35 states under roughly 20 banners, including Fred Meyer, Fry’s Food and Drug, Harris Teeter, Jay C, King Soopers, Mariano’s, Pick ’n Save, QFC and Ralphs, according to a Securities and Exchange Commission filing. 

The company said the closures are intended to help it “run more efficiently and ensure the long-term health of our business,” according to FOX 26 Houston, which reported that two Houston-area locations were slated to close in April.

KROGER TO BUY POPULAR GROCERY AND PHARMACY RETAILER IN $1.65B DEAL

The closures come as Kroger announced plans last month to acquire regional grocery chain Giant Eagle for $1.65 billion, which would add another 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana.

The acquisition is expected to strengthen Kroger’s presence across several Midwestern and Mid-Atlantic markets. 

At least three of the impacted locations were or are expected to be replaced by Kroger Marketplace stores as part of the company’s efforts to consolidate operations. Kroger Marketplace stores are larger-format locations that offer an expanded selection of non-grocery merchandise, including clothing, toys, home goods and furniture. 

The impacted locations include: 

SEPHORA JOINS WALMART, TARGET WITH NEW ‘QUIET HOURS’ SHOPPING EXPERIENCE

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FOX Business reached out to Kroger for more information.

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A federal appeals court threw out the Biden administration’s energy efficiency standards for household stoves and ovens on Tuesday, finding that the Energy Department pushed the rules into place without letting the public weigh in first and then refused to pull them back when states objected.

The ruling came from the Fifth U.S. Circuit Court of Appeals in New Orleans, which decided 3-0 in favor of seven Republican-led states — Louisiana, Mississippi, Montana, Nebraska, Tennessee, Texas and Utah — that had challenged the Energy Department’s “direct final rule” for consumer-grade stoves and ovens. The case is State of Mississippi v. Department of Energy.

The dispute is procedural, and the procedure is simple enough to follow. Under the Energy Policy and Conservation Act of 1975, the Energy Department can set efficiency standards for appliances two ways. The ordinary route is to publish a proposal, take public comment, and then finalize it. The shortcut route, called a direct final rule, lets the agency skip advance notice when industry and efficiency groups have already negotiated a consensus standard. That shortcut comes with a condition: the agency must open a 110-day comment window afterward, and if it receives adverse comments that give a reasonable basis to withdraw, it must withdraw the rule within 120 days.

The Energy Department first tried the ordinary route. In 2023 it proposed efficiency standards for cooking appliances that manufacturers argued would function as a ban on gas models, and the proposal never cleared the comment stage. While that rulemaking was pending, manufacturers and efficiency advocates negotiated a revised set of standards and submitted them jointly, and in February 2024 the department issued a direct final rule adopting them for gas and electric stoves. States filed adverse comments during the window that followed. The department concluded that none of them supplied a reasonable basis for withdrawal and let the rule stand.

That, the appeals court said, is where the agency broke the law. Having lost on notice and comment, it went around notice and comment entirely, then treated the after-the-fact comments as a formality rather than the safety valve Congress wrote into the statute. The court held that direct final rules are reserved for genuine consensus regulations, must be withdrawn when objections supply a reasonable basis, and are not final for judicial review until the department follows those requirements.

The consensus claim drew the sharpest language in the opinion. New York, Massachusetts and California had backed the joint statement behind the rule, though they did not formally sign it — and the states that did object were nowhere in it. Judge Andrew Oldham, writing for the panel, noted that the department itself conceded those three states are not a fair cross-section of the country, calling the concession “the understatement of the day.” Oldham also wrote that the department’s reading of the statute made a “mindless hash” of the scheme Congress designed.

For manufacturers and retailers, the practical stakes were never immediate. The regulation would not have taken effect until January 2028, and it was written to cap how much energy kitchen appliances consume and to phase out an older component technology known as linear power supplies. Appliance makers had spent two years designing product roadmaps around a standard they helped negotiate. Those roadmaps now sit on a rule that no longer exists, which cuts both ways: the compliance cost and retooling schedule come off the table, and so does the certainty companies had been planning against.

For consumers, the near-term effect is that the model mix on showroom floors in 2028 will not be narrowed by this rule. Gas ranges that would have been squeezed out under the negotiated thresholds remain available, and the ban on linear power supplies — a low-cost part still used in basic appliance electronics — does not take effect.

The court did not rule that the Energy Department lacks authority to set efficiency standards for cooking products. It sent the matter back to the agency to proceed consistent with the opinion, which leaves the department free to restart the process the conventional way, with a published proposal, a real comment period, and a response to what comes in. Whether it does is a different question. The department is now run under an administration that has spent the past 18 months rolling back appliance efficiency mandates rather than writing new ones, and nothing in the ruling obligates it to try again.

Louisiana Attorney General Liz Murrill, whose office was among the challengers, welcomed the decision, saying the regulations would have left home appliances costlier and less useful for consumers. The Energy Department did not comment on the ruling.

JBizNews Desk | New Orleans

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Prime Minister Benjamin Netanyahu said an aid delegation would be immediately dispatched to Colombia in a statement from the Government Press Office on Wednesday evening.

Colombian President Abelardo de la Espriella asked Netanyahu to send a delegation to the country following an earthquake with a magnitude of 7.4 on Monday, the statement explained. 

The earthquake, which occured in the heart of Colombia’s coffee region, killed at least 250 people and reduced multi-story buildings to rubble in cities such as Pereira and Cali.

It also caused one of the towers of a historic cathedral in the city of Manizales to crack apart.

Emergency teams aided by police, soldiers, and volunteers have been working with excavators and, at times, their bare hands, hunting for survivors beneath debris.

Gideon Sa'ar with a Columbia's incoming Foreign Minister Omar Bola. (credit: FOREIGN MINISTRY)

Colombia-Israel relations improve

This request came amid efforts to improve relations between the two countries, part of Foreign Minister Gideon Sa’ar’s broader initiative to improve relations with South American countries, with the Foreign Ministry designating 2026 as the “Year of Latin America.”

Colombia recognized Israel’s sovereignty over the Golan Heights in a statement released by the country’s Foreign Ministry on Monday.

In the statement, published on X/Twitter, the ministry recognized Israeli control over the area as “an essential component of its national defense and its ability to protect and safeguard its citizens.”

The recognition resulted from a commitment made by both Israel and Colombia on Saturday, the ministry said.

Goldie Katz and Reuters contributed to this report.

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Throughout a storied career of more than five decades that included key roles in teaching courses at elite universities, policy planning for city and state governments, and community surveys for Jewish organizations around the world, Jack Ukeles had one consistent goal: to blend research, data, and strategic problem-solving with idealism in making the world a better place.

Ukeles, who died July in Jerusalem at the age of 89, was widely and deeply admired as well for his integrity, wisdom, and compassion on both a personal and professional level. 

He was also one of the most prominent members of a cohort of Jewish social scientists who, from the 1980s through the 2000s, played a central role in setting the agenda for organized Jewish life. Philanthropists and nonprofit leaders sought their data and recommendations on hot-button issues like rising intermarriage, attachment to Israel, population trends, and declining engagement with Jewish institutions. 

In 1981, Ukeles joined the Jewish non-profit world as senior planning officer of the New York Federation of Jewish Philanthropies (now UJA-Federation of New York). He led the charity’s first scientific study of the New York area’s Jewish population, and major studies on senior services and Jewish poverty. 

Five years later, he went out on his own, launching Ukeles Associates, Inc., and for 28 years led consulting projects combining his experience in policy research, planning and management for a range of secular and Jewish non-profits.

Jack Ukeles and Mierle Laderman Ukeles attend the ''Maintenance Artist'' premiere during the 2025 Tribeca Festival at Village East Cinema on June 08, 2025 in New York City. (credit:  Dia Dipasupil/Getty Images for Tribeca Festival)

Speaking at the funeral in Jerusalem, where Ukeles and his wife, Mierle, lived since making aliyah in 2012, longtime friend and colleague Asher Ostrin predicted that Ukeles’s teaching, in both classrooms and nonprofit board rooms, will have a lasting effect, especially for American Jewry. 

“Generations of Jewish communal professionals are his students, and are taught to reflect the method and values he held dear,”  said Ostrin, an executive at the American Jewish Joint Distribution Committee.

Those values were shaped growing up in a religious Zionist home, aware of the trauma his parents endured in Eastern Europe before settling in New York. Ukeles’s mother wanted a first-rate Jewish education for her only son, and after visiting a number of yeshivas, moved the family from The Bronx to Brooklyn so he could attend the Yeshiva of Flatbush, where he thrived academically and as student council president and member of the basketball team. 

After seeing a newspaper ad announcing the opening of a university in Israel committed to integrating modern scholarship and traditional Jewish learning, he applied and was accepted in 1955 to Bar-Ilan University’s first class.

“My father was proud to be a member of that first class, and as a student leader there, he wanted to help build the school and be a part of its growth” in synthesizing secular and religious studies, his daughter Raquel Ukeles recalled. “But the administration wasn’t interested.” He was 18 at the time.

After a year in Israel, Ukeles attended a yeshiva and Brooklyn College, where he took courses in community planning, research and data. He received his BA in political science in 1959, and an MA in city planning two years later at the University of Pennsylvania. In 1962, Ukeles spent a year in New Delhi, India, as a Fulbright Fellow and returned to complete his PhD. at Penn in 1971. 

During his graduate school years, Ukeles turned a summer job in the New York City planning department into a three-year position. He helped produce the first data-driven analysis of New York City’s housing needs, and was part of a team that reshaped the city’s approach to urban renewal. 

Studies of Jewish communities showcase changes in NYC Jewry

He then turned to academia, starting a long-term pattern of moving back and forth between university posts – including the New School, where he later became chairman of the first urban policy graduate program in the US – and designing and leading civil service and financial reforms in New York through the mayor’s office under Abe Beame and Ed Koch. 

On behalf of Jewish organizations, he conducted a 2006 survey of Atlanta’s Jewish population that confirmed the explosive growth of Jewish communities in the Sun Belt, and co-authored a 2002 community study showing how Russian immigrants and Orthodox Jews were changing the face of New York City Jewry. 

Ukeles was the co-author of a 2012 study showing that New York City area’s Jewish population was on the rise again, thanks largely to the growth of Orthodox households.

In 2009, he wrote a report on how nonprofits  can turn the severe economic downturn into opportunity. Drawing on his experience in city management, he advised nonprofits neither to panic nor deny the reality of squeezed budgets. 

“You can forget about strategy if you do not have courage, if you do not have big ideas, or if you do not have vision, and most importantly, if you do not have compassion,” he said in a lecture that year drawing on the report. “In fact, without the ‘right stuff,’ you are in the wrong line of work.”

Family members noted that the common thread in Ukeles’s career in academia, city government, and non-profits was to deal with difficult problems by making decisions based on real data, not theoretical ideas, and to bring the stakeholders around the table to make the best – or sometimes least worst – decisions based on need and priority.

Elie Kaunfer, CEO and president of the Hadar Institute, a center of Jewish life and learning, said that when Ukeles conducted the first formal evaluation of the organization in 2011, “he taught me so much about what kind of questions to ask – not just about experience of the program but ultimate impact on people’s lives.”

John Ruskay, former CEO of UJA-Federation, described him as “a loyal friend and dear colleague who I and so many others turned to repeatedly for counsel, for wisdom, for ‘chizuk’” (inner strength). 

Sometimes his counsel came with critique. Steve Bayme, a former American Jewish Committee executive and longtime Ukeles friend, noted: “Jack knew how to offer constructive criticism and even occasional rebuke in ways that colleagues, including those in senior communal positions, could hear and absorb.”

Alan Gill, who served as CEO of the JDC, praised Ukeles for “his expertise in challenging and guiding us.” He said Ukeles “yelled at us” once, which was unheard of from consultants who tended to be dispassionate and analytical, he noted. But the outburst had “a positive effect,” Gill added, reminding JDC staff how much “the mission and work mattered” to Ukeles.

Ukeles frustrated by haredi extremism, settler violence

That sense of heartfelt criticism also applied to Ukeles’s devotion to, and frustration with, the state of Israel in recent years. He agonized over the growth of extremism in the haredi (ultra-Orthodox) community and Jewish settler violence, and he spoke out in pieces he published in The Times of Israel. 

“Jack loved the Jewish people,” said Sally Gottesman, who was hired by Ukeles as a young consultant in 1997. Now an activist-philanthropist focused on gender and justice in the Jewish community, Gottesman said Ukeles was “a mentor and master teacher” and praised his efforts to promote equality for women.

A prime example was his support for and great pride in the accomplishments of his wife, Mierle, who in seeking to blend art with waste management became the official artist-in-residence of the NYC Department of Sanitation, a volunteer position she has held since 1977. Her unique career was the focus of an award-winning 2025 documentary, Maintenance Artist.

“Jack was my heart and soul,” she said. “His support, championing my being a free artist and a full person, all through the years, extending as well to his supporting the work of many other women artists of our time, was without a peer, without an end.”

In addition to his wife, Ukuleles is survived by his daughters, Raquel, who is head of collections at the National Library of Israel, and Yael, a product market manager and  founder of two non-profit Israeli environmental education programs, and a son, Meir, who works with an Israel-based VC fund investing in startups. 

This post was originally published on here. 

Israel is allegedly intentionally starting fires in Lebanon, Lebanese firefighters and environmental groups told The Guardian on Wednesday.

“Most of our missions are now related to fires,” Hussein Fakih, the head of the civil defense in the Nabatiya region, told the Guardian. “There are enormous areas of woodland that have burned, I don’t have the exact figures, but in the areas close to the [frontline], around 30-40% of the land has been affected by fires.”

Fakih also said that firefighters struggled to extinguish some fires due to being targeted by Israeli drones, blaming Israeli bombing campaigns on starting the fires in the first place.

“They started doing this right after the ceasefire, and there have been incendiary bombs every day,” Fakih said. “Small drones come out and drop incendiary materials, [white] phosphorus shells are fired at the woodlands, in addition to illumination flares that they drop during the daytime so the vegetation catches fire.”

Another civil defense chief, Samir Hardan, told the Guardian that Israeli drones had started two fires within the span of three days, and that any firefighting had to be done in coordination with the Lebanese Army, which in turn must relay the request to a “deconfliction” group which includes the IDF.

Smoke billows from southern Lebanon following an Israeli strike, as seen from Kfartibnit, Lebanon, June 19, 2026. (credit: REUTERS/STRINGER)

Lebanon environmentalists condemn IDF-caused fires

Meanwhile, the founder of the Lebanese conservation group Green Southerners told the Guardian that Israel is enacting “a pattern of destruction that progressively erodes the ability of ecosystems to function, regenerate and sustain life. When those cascading effects also undermine livelihoods and people’s ability to return to and remain on their land, environmental destruction becomes inseparable from the wider transformation of the territory itself.”

The founder, Hisham Younes, emphasized the importance of the environment in the area. “These are long-established woodlands, dominated by productive stone pine alongside oak. They perform critical functions. The wider area is also an important passage and resting ground for migratory birds.”

The IDF told the Guardian that all strikes on Lebanon were “conducted while taking precautionary measures to mitigate harm to civilians and the environment.”

This post was originally published on here. 

Luke Bronin scored a decisive victory over longtime Rep. John Larson in Connecticut’s Democratic primary Tuesday, marking another defeat for AIPAC which had backed the 14-term congressman.

The pro-Israel lobby group is increasingly viewed as politically toxic in Democratic primaries across the country, with several progressive candidates notching victories after making opposition to the group a centerpiece of their campaigns.

Israel and the American Israel Public Affairs Committee, however,  were not at the forefront of the contest in Connecticut’s 1st Congressional District, reflecting a more nuanced picture regarding Democratic voters’ shifting sentiments toward Israel. 

Bronin and Larson, the race’s two candidates with more traditionally pro-Israel positions, together won nearly 90% of the vote, with Bronin receiving 53% while Larson received 34%. The two progressive candidates in the race, Jillian Gilchrest and Ruth Fortune, who both accused Israel of genocide in Gaza, finished a distant third and fourth.

Bronin, 46, who has Jewish ancestry on his father’s side, is the former mayor of Hartford and also served in the Obama Administration as the Deputy Assistant Secretary for Terrorist Financing and Financial Crimes. His campaign largely centered on affordability and emphasizing the need for new leadership in the Democratic party.

 Luke Bronin speaks to voters outside of the Cromwell High School polling station in Cromwell, Connecticut on August 11, 2026.  (credit: Ayannah Brown/Connecticut Public via Getty Images)

“If we are going to fix this mess that we are in, we need to build a Democratic Party that is bringing a whole new energy to this fight,” Bronin told supporters following his victory.

Bronin, Larson split on US aid to Israel, actions in Gaza

Israel was not entirely absent from the campaign. Larson, who first took office in 1999, split with Bronin during a primary debate last month when Larson defended his recent vote in support of US military aid to Israel.

“Yes, I voted in favor of making sure that Israel, our ally, is going to get the aid from the United States that it needs. But the Palestinians need humanitarian aid, and Donald Trump has got to enforce the law,” Larson said.

Bronin pushed back at  Larson, replying, “Trusting Donald Trump to do the right thing is a mind-blowing example of putting hope over all of the evidence in front of us.”

While Larson had long supported Israel during his tenure in Congress, he has been critical of Israel’s prosecution of the war in Gaza and treatment of Palestinians and vocally opposed the United States’ war in Iran.

Bronin, meanwhile, has said he is against taxpayer money going toward funding offensive military aid to Israel, though he supports “defenses for civilians that protect civilian life against rockets and missiles and drones.”

“I think it’s hugely important that Israel exists as a safe, secure homeland for the Jewish people,” Bronin said when asked about his views on Israel on The Lisa Wexler Show in May. He also spoke out against Prime Minister Benjamin Netanyahu, explaining that the premier had  “done enormous damage to Israel’s security, Israel’s standing in the world,” adding that “we have an obligation as a country to say what’s happening is not okay.”

Larson relies on PAC donations

Bronin slightly outraised Larson on the campaign trail, receiving roughly $3.1 million largely from individual donations from billionaires and large firms, while Larson received $2.7 million and relied more on donations from PACs, according to the Federal Election Commission.

Larson received roughly $120,000 in AIPAC-linked donations during the campaign cycle, according to the campaign finance database Open Secrets.

Bronin will now face Republican Amy Chai, a physician and mental health advocate, in the general election for the state’s first congressional district. The district, which spans Bristol, Hartford and Torrington, is home to 27,800 Jews, representing 3.9% of the total population, according to the Berman Jewish Data Bank.

This post was originally published on here. 

 Lebanese President Joseph Aoun said negotiations with Israel were progressing while reaffirming that Lebanon would not accept a continued Israeli presence on any part of its territory, according to a statement posted to X on Tuesday.

Speaking to a delegation from the Maronite Foundation in the World, Aoun reaffirmed his commitment to “rebuild the state, whatever the cost,” despite what he described as opposition from those seeking to prevent its reconstruction.

Aoun said progress was being made in the ongoing negotiations with Israel, arguing that diplomacy offered a better path forward than a return to destructive war.

Aoun also said the framework agreement had helped curb the scale of Israeli attacks on Lebanon, which he said had encouraged more Lebanese to return to the country for the summer.

However, the president stressed that securing a complete Israeli withdrawal from Lebanese territory and the return of Lebanese prisoners remained priorities in the negotiations.

US Secretary of State Marco Rubio talks alongside State Department Counselor Daniel Holler, Israel's Ambassador to the U.S. Yechiel Leiter and Lebanon's Ambassador to the U.S. Nada Hamadeh during an event to sign a framework agreement between Israel and Lebanon, June 26, 2026. (credit: KEN CEDENO/REUTERS)

Aoun: Israel must completely withdraw from Lebanon

“There is no disagreement among the Lebanese on the goals, from the Israeli withdrawal and the return of the prisoners to the reconstruction of what has been destroyed,” Aoun said.

“In the end, we will not allow Israel to remain on even a single inch of our land, nor will we allow a single Israeli soldier to remain on our soil.”

Aoun also challenged the notion that territory taken by force could only be recovered through force, pointing instead to the ongoing diplomatic process.

“We always hear slogans saying that what is taken by force will only be recovered by force, but the facts on the ground have proven the falsehood of this saying,” he said.

Aoun said residents of southern Lebanon deserved the opportunity to live peacefully on their land rather than face further conflict.

“It is time for the son of the South to rest and settle on his land, rather than allowing wars to continue to be waged in his name for non-Lebanese objectives,” Aoun said.

Israel-Lebanon talks set to continue in September

Israeli and Lebanese officials most recently met in Rome for talks that concluded on August 6, during which representatives discussed Hezbollah’s disarmament, a pilot program for an Israeli withdrawal, and plans for a “comprehensive peace and security agreement,” according to a US State Department spokesperson.

The next round of Israel-Lebanon talks is expected to take place in early September, a US official told Saudi state-owned Al-Arabiya English on Tuesday.

Leo Feierberg Better contributed to this report.

This post was originally published on here. 

The share of homes with price cuts is getting closer to where it was a year ago.

For the week ending Aug. 7, 41.44% of active single-family listings nationally had taken a price cut, compared with 41.85% during the same week last year.

Eight weeks ago, the gap between 2026 and 2025 was 1.34 percentage points. It has narrowed to just 0.41 points.

That could be easy to read as a straightforward signal that sellers are facing more pricing pressure.

Look closer, and the picture gets more complicated.

HousingWire Data shows that some markets have significantly more price cuts than a year ago. Others have fewer, even as inventory grows. And in some markets, price cuts are increasing while homes continue to move at a stronger pace.

The national number tells us what is happening in aggregate. The local data helps explain what it means for housing professionals making decisions today.

Price cuts are moving closer to last year’s level

HousingWire Lead Analyst Logan Mohtashami has been tracking the narrowing gap in price cuts in his weekly Housing Market Tracker.

Higher mortgage rates have put more pressure on housing demand in recent weeks, but the national market continues to hold up better than might be expected. That makes price cuts one of the signals worth watching.

The price-cut rate alone, however, cannot tell us whether a local market is seeing weaker demand, greater seller competition or healthy transaction activity alongside more price adjustments.

Kansas City, Minneapolis and San Antonio show why.

Kansas City has more inventory but fewer price cuts

Kansas City challenges the assumption that more inventory automatically means sellers need to cut prices more aggressively.

Active inventory reached 5,598 homes for the week ending Aug. 7, up 21.2% from 4,618 a year ago.

Yet 35.12% of active listings had taken a price cut, compared with 42.57% during the same week last year. That is a 7.45-percentage-point decline. The price-cut share was below its year-ago level in seven of the past eight weeks.

Other signals add context. Absorbed listings increased 5.4% year over year, while new pending activity declined 6.7%. The overall active median was $423,245. The new listing median was $380,000, while the pending-list median was $415,000.

The pending-list median reflects the median list price of homes newly moving to pending, not a closed-sale price.

The industry takeaway: Rising inventory alone is not enough to conclude that seller pricing power is deteriorating. For agents, builders and investors, the more useful question is whether additional supply is translating into more price reductions and weaker transaction activity. So far, Kansas City has significantly more inventory but fewer price cuts than a year ago.

Minneapolis has more price cuts and more transactions

Minneapolis tells a different story.

Its price-cut share reached 37.69%, up 2.64 percentage points from 35.05% a year ago. Price cuts have remained above their year-ago level for eight consecutive weeks.

Inventory is also up sharply. The metro had 6,655 active listings, 22.3% more than a year ago.

But transaction activity complicates any simple softening narrative. New pending listings increased 8.7% year over year, while absorbed listings rose 16.9%.

The pricing signals show another divide. Minneapolis had a $509,000 overall active median, compared with a $456,081 new listing median and a $459,975 pending-list median.

The industry takeaway: More price cuts do not automatically mean buyers have disappeared. For agents, Minneapolis suggests sellers face more price competition even while transaction activity remains healthy. For mortgage professionals, rising pending and absorbed activity points to continued pipeline opportunity despite more listings requiring price reductions.

San Antonio shows broader pricing pressure

San Antonio presents a third operating environment.

Just over half of active listings, 50.68%, had taken a price cut for the week ending Aug. 7. That was 6.37 percentage points higher than the same week last year.

Unlike Kansas City and Minneapolis, San Antonio’s active inventory was essentially flat year over year at 16,046 homes.

New pending activity declined 9%. Absorbed listings, however, increased 3.9% year over year, a signal that does not align as neatly with the other measures and is worth monitoring.

The metro’s three pricing signals move lower at each stage. The overall active median was $335,000. New listings entered at a median of $322,292. Homes newly moving to pending carried a median list price of $310,000.

That puts the pending-list median about $12,300 below the new listing median and $25,000 below the overall active median.

The industry takeaway: Agents pricing listings should pay attention to where homes moving toward contract are concentrated relative to the broader inventory. Builders and investors should consider the same relationship when evaluating pricing, incentives and absorption assumptions. San Antonio’s combination of higher price cuts, lower new pending activity and lower pending-list pricing points to greater pricing pressure, while the increase in absorbed listings provides another signal to watch before drawing a broader conclusion.

What price cuts can and can’t tell you

The national price-cut rate is only 0.41 percentage points below last year. But Kansas City and San Antonio alone are nearly 14 percentage points apart when comparing their year-over-year price-cut gaps.

That distinction matters.

A national price-cut rate approaching last year’s level does not, on its own, establish that the housing market is moving toward a broad price correction.

For housing professionals, a useful question is what is happening around the price cut.

Is inventory growing? Are homes still moving? How are new listings being priced? Where are homes moving to pending? And are those signals moving together or pointing in different directions?

Kansas City has more inventory and fewer price cuts. Minneapolis has more inventory, more price cuts and more transaction activity. San Antonio has more price cuts, fewer new pending contracts and a pending-list median below both its new listing and overall active medians.

Those are three different operating environments, and they call for different decisions.

The national number is the starting point. The combination of local pricing, inventory and demand signals helps housing professionals decide what to do next.

Explore the data

Look deeper in your market with HousingWire Intelligence, which provides housing data at the national, metro and ZIP code levels.

For weekly analysis of mortgage rates, housing demand and the economic forces shaping the market, read Logan Mohtashami’s Housing Market Tracker.

HousingWire Data methodology: This analysis uses weekly single-family housing data through Aug. 7, 2026. Price-cut share reflects the percentage of active listings that have recorded a price reduction. Pending-list median reflects the median list price of homes newly moving to pending and should not be interpreted as a final contract or sale price.

This post was originally published on here. 

The Supreme Court on Wednesday heard a petition challenging a Likud party court decision that overturned a vote allowing serving MKs, ministers, and deputy ministers to compete for regional slots on the party’s Knesset slate.

Justices Daphne Barak Erez, Ofer Grosskopf, and Alex Stein rejected the appeal filed by MK Afif Abed after he withdrew the petition following indications from the panel that it intended to reject it.

During the hearing, the justices criticized the decision to bring the internal party dispute before the High Court of Justice.

“Why is the Supreme Court needed?” Barak Erez asked at the start of the hearing. “We moved the hearing forward beyond what was required because we understood there was a dispute. We will not complain if you resolve it among yourselves. I ask that you try to reach agreements.”

Supreme Court Justices see ‘no grounds for intervention’

Grosskopf backed Barak Erez’s position, saying there were no grounds for judicial intervention in the party court’s decision.

Israeli Supreme Court Justice Ofer Grosskopf (C) attends a hearing at the Israeli Supreme Court in Jerusalem on petitions challenging the UNRWA laws passed by the Knesset, August 3, 2026.  (credit: CHAIM GOLDBERG/FLASH90)

“The District Court decided not to intervene in the Likud court’s decision, why should we intervene where the District Court found no problem?” he said.

He added, “The Likud movement’s court is the body that is supposed to make decisions on these matters, and we must respect it. It reached a conclusion and explained its reasoning, and there is no reason for us to intervene. That is what a court is for.”

Attorney Guy Bussi, who represented Abed, argued that the District Court had found that the Likud court exceeded its authority.

Barak Erez disputes Bussi’s interpretation of District Court ruling

Barak Erez rejected that interpretation.

“That is not what the District Court said. It said that of the three grounds, there was a flaw in only one of them. I do not need the District Court, I am reading the party court’s ruling, the three judges, and it appears that the party court’s ruling stands. There is a certain legal situation that says MKs do not compete in the districts, there is a decision to change that, and it was determined that the decision was flawed.”

Grosskopf summarized the panel’s position by stressing the high threshold required for judicial intervention in an internal party ruling.

“We need a special reason to intervene in the court’s decision, when it said that flaws had occurred and overturned the decision, and the District Court accepted that. I am reading the Likud court’s ruling, it says there is a problem with the Likud constitution and there are also procedural flaws. So the District Court did not accept one line of reasoning, and the second one still remains.”

This post was originally published on here. 

Josh Kushner runs a New York venture capital firm that made early bets on Instagram, Stripe, Spotify and OpenAI. On Wednesday he agreed, alongside former Disney chief executive Bob Iger, to buy the Los Angeles Lakers for $12.5 billion — the highest price ever paid for an American sports franchise. The 41-year-old is not a household name, which is largely by design, and that changed this morning.

The pair had been pursuing the NBA’s Las Vegas expansion team before pivoting to bid for the Lakers instead, buying from Mark Walter, who had taken control of the franchise from the Buss family only last year at a then-record valuation near $10 billion. In a joint statement, Iger and Kushner said they were honored to become stewards of the franchise and pledged to build on the Buss family’s foundation. Iger said the group would honor an existing arrangement keeping Jeanie Buss as team governor.

The valuation math is the part worth pausing on. The Lakers changed hands 14 months ago at $10 billion. They are changing hands again at $12.5 billion. That is a 25% markup on the largest sports asset in the country inside a single season, and it comes after a Bill Chisholm–led group paid $6.1 billion for the Boston Celtics in 2025. Franchise values are compounding faster than almost any asset class Kushner touches in technology.

Kushner founded Thrive Capital, which raised more than $10 billion in its most recent round. The firm manages roughly $25 billion and counts Iger himself among its investors, along with Henry Kravis, Mukesh Ambani, Jorge Paulo Lemann and Xavier Niel. Iger’s involvement is not new — he served as a venture partner at Thrive before Disney recalled him as chief executive in 2022.

Thrive’s portfolio runs from OpenAI and SpaceX to Spotify, Kim Kardashian’s SKIMS and the film studio A24. An offshoot, Thrive Holdings, buys into traditional industries with the aim of modernizing them using artificial intelligence. Kushner remains one of OpenAI’s most important backers, putting another $1 billion into the company in December. “I feel like we’re just getting started,” he said of Thrive on a February podcast.

Sports has become a separate track. Thrive Eternal, the vehicle handling those investments, took a stake in the San Francisco Giants earlier this year. Kushner already holds minority positions in the Miami Heat and the Memphis Grizzlies, both of which he would have to sell to take over the Lakers. That is a league requirement, not a preference: no owner may hold interests in competing franchises.

The Lakers deal also lands three weeks after a public setback. Thrive Eternal was part of a plan to sell private stakes in future World Cup tournaments, an arrangement FIFA scrapped after criticism from soccer’s confederations and member associations. Mark Conrad, a professor of law and ethics at Fordham’s Gabelli School of Business, told CNN that the Lakers purchase lets Kushner put that episode behind him and start fresh in sports.

Before venture capital, Kushner built an insurer. He founded Oscar Health in 2012 around the marketplaces created by the Affordable Care Act; the company recently posted record profits. Forbes puts his personal fortune around $5 billion.

He is also, unavoidably, a Kushner. His father is real estate developer Charles Kushner, and his older brother Jared is President Donald Trump’s son-in-law. Josh has kept his distance from that side of the family’s politics, saying in 2017 that liberal values had guided his life and that he had backed candidates who shared them. He has been married to model and entrepreneur Karlie Kloss since 2018, and they have three children.

None of it is finished yet. The sale requires approval from the NBA’s board of governors, a process that can take several weeks, and the transaction remains subject to Thrive’s due diligence. The seller, Walter, is chief executive of Guggenheim Partners and majority owner of the Dodgers; he and the firm are under investigation by federal prosecutors in Manhattan and the Securities and Exchange Commission over potential insurance fraud, which they deny. That inquiry has not been cited as a reason for the sale.

For Kushner, the through-line is the same one running through his technology bets: buy the scarce asset, hold it a long time, and let everyone else argue about the price.

JBizNews Desk | New York

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

FBI Director Kash Patel said the bureau worked alongside the Department of Homeland Security and the Office of the Director of National Intelligence on the administration’s recent release of intelligence about foreign influence on U.S. elections — but said the FBI played the smaller role.

Speaking in an interview with EpochTV’s “American Thought Leaders” that aired August 8, Patel said the three agencies worked as partners at President Donald Trump’s direction, with DHS and ODNI taking the lead because they had the technical capabilities and mandates more directly tied to overseas threats involving U.S. election infrastructure.

“We shared our information,” Patel said, adding that much of it was later made public through Trump’s July 16 White House address.

The distinction matters because the administration’s election-security push has drawn together intelligence, cybersecurity and law-enforcement agencies at a time when Washington is again debating how much foreign governments know about American voters — and what they could do with that information.

Trump used the July address to announce the release of declassified material that he said showed China had acquired data involving roughly 220 million U.S. voter records. He also questioned the broader security of American election systems and urged Congress to pass the SAVE America Act.

The claim that China targeted U.S. voter information is consistent with earlier intelligence findings that Beijing sought data on American voters, political parties, candidates and public opinion. The larger dispute is over what that activity amounted to.

A declassified 2021 U.S. intelligence assessment concluded that China did not attempt to change vote counts or interfere directly with election infrastructure during the 2020 presidential election. Some intelligence officials assessed that Beijing preferred Trump not win reelection, but the government’s consensus finding was that China focused primarily on intelligence gathering and influence rather than manipulating the voting process itself.

That distinction is significant because much voter-registration information is already commercially or publicly available. Campaigns, political consultants, data brokers and researchers routinely obtain voter files containing names, addresses, party registration and voting-history information where state law permits.

The national-security concern is therefore not simply whether a foreign government possesses voter data. It is what happens when that information is combined with stolen telecommunications records, social-media profiles, hacked government systems or other datasets capable of identifying and targeting individuals more precisely.

Patel has repeatedly identified China as one of the most sophisticated cyber threats facing the United States. During congressional testimony last year, he highlighted Salt Typhoon, the Chinese-linked hacking group blamed for penetrating major U.S. telecommunications networks.

The election-security structure inside the federal government has also changed. Attorney General Pam Bondi dissolved the FBI’s Foreign Influence Task Force in early 2025, while ODNI has undergone significant restructuring and personnel reductions.

That leaves DHS, intelligence agencies, the FBI and state election officials dividing responsibilities across a threat environment that increasingly overlaps with ordinary cybersecurity.

For businesses, the broader lesson extends well beyond elections. Voter offices, municipalities, utilities, hospitals and small public agencies often hold valuable information while operating with far fewer cybersecurity resources than banks or major technology companies.

The data itself may not always be secret. The danger comes from how multiple datasets can be combined, analyzed and weaponized once they fall into the hands of a sophisticated foreign intelligence service.

JBizNews Desk | Washington

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

It is no secret that Offerpad has struggled over the past few years. After recording three consecutive quarters of profitability, the Chandler, Arizona-based firm found itself in choppy waters during the third quarter of 2022, where it ultimately recorded an $80 million net loss. In total, the company would end up losing $148.6 million in 2022, despite the first half of the year being profitable. 

These challenges would continue over the next few years, which saw Offerpad post net losses of $117.2 million in 2023, $62.2 million in 2024 and $46.38 million in 2025. Despite still recording a net loss of $9.3 million in Q2 2026, Offerpad’s founder and CEO Brain Bair said his firm is finally back. 

“We are finally there where we are starting to buy homes and really turning the engine back on again,” Bair told HousingWire. 

Not the same Offerpad

Getting here has not been easy, according to Bair, and the Offerpad of today looks quite different compared to the Offerpad of four years ago. The most significant of these changes is that Offerpad now offers agents and consumers four distinct products. 

“For the first six or seven years we were all focused on iBuying, but we have always wanted to be more of a solution center for everybody,” he said. “That means a cash offer for some people or helping them list their house on the open market for other people, and then we are also doing renovations for Freddie Mac and Fannie Mae. We have leveraged what we built with our cash buying business to be a solution not just for buyers and sellers, but also for real estate agents.”

According to Bair, Offerpad was in the process of developing and launching some of these additional solutions back in 2020 when the COVID-19 pandemic hit.

“Everything just came to a halt and then the market started going crazy,” Bair said. “We had launched our listing solutions, but people just wanted to sell their home fast so they could buy their next home and our cash offer product fit really well with those needs, so that product soared, but at the same time it was hard to gain momentum to even focus on some of these other products.” 

Opportunity knocks

When interest rates started to rise rapidly during the second half of 2022 forcing Offerpad to change its course, Bair said he and his team finally had the time to build out more solutions beyond the cash offer product. 

“When we went from buying thousands of homes a year to slowing that day, it gave us more time to focus and really refresh and rebuild the company and figure out where we could get better,” Bair said. “We always wanted to be a solution center for everybody — that has always been the focus, it just took us longer to get here than we wanted it too.”

The agent relationship

Through this evolution, Bair said Offerpad is also working more closely with real estate agents. 

“We’ve always been very real estate agent friendly, but we have more services that they are using and more of them are coming to us to use our HomePro products,” he said. 

In the past, Bair said some agents viewed Offerpad as a threat, but he feels that has changed, as more agents begin to see the company and the services it offers as a tool they can leverage to help their home sellers. 

An eye to the future

But while the engine may be back on, Bair acknowledged that plenty of challenges still lie ahead. 

“If we are doing our job at Offerpad, we have to be six months ahead of what the market is doing. When someone brings us a home we have to look at the data and see how that type of home is performing and if there is a lot of similar inventory,” Bair said. 

This, Bair said, has forced the company to reevaluate its “buy box” and instead of focusing on more affordable suburban or ex-urban homes, focusing on properties closer to the heart of a metro area where there is tighter inventory and higher demand.

“Our focus is really on the velocity, which means areas with good school scores, good walk scores, large job growth areas — those are the areas we are buying in,” Bair said. 

With this new strategy at the forefront, Bair said Offerpad bought more homes in the last month than it did during the entire first quarter of the year.

As things continue to ramp back up, Bair said Offerpad is remaining focused on its immediate goal of getting back to profitability, which he said will entail transacting on 1,000 properties. 

“Everything is about how do we get better, and there is no question that we are going to come out of these last three years much smarter than we were before,” Bair said. 

Bair said they went into the 2022 market feeling confident that Offerpad would succeed in a buyer’s market, but they were “humbled” by the “unicorn market” that was on the other side of the pandemic homebuying frenzy. 

“You think you built a company that can succeed in every market and then something like that happened, and we had to reevaluate everything and look at the homes we were buying and the seller experience we were providing and hold ourselves accountable to how we can not only support each other but make this a better company,” Bair said.

Looking ahead, Bair said he wants consumers and agents to view Offerpad as a marketplace they can come to, to solve their transaction and renovation needs — whether that be receiving an all-cash offer or listing the home on the open market.

“I do believe that what we are doing now is the future of real estate,” Bair said. “I don’t think the way real estate was done in 1988, with putting a sign in a yard, is the way things will always be and the really strong agents out there understand that and are leveraging some of the tools we are providing.” 

This post was originally published on here. 

Google put four new phones on sale Wednesday morning at prices roughly $100 higher than last year’s, and it did so hours before it had even taken the stage to introduce them. Pre-orders for the Pixel 11 lineup opened at 10 a.m. Eastern, with the keynote in New York not scheduled until 6 p.m. That is a first for the company, and it says something about how confident Google is that buyers already know what they are getting.

The lineup consists of the Pixel 11 at $899, the Pixel 11 Pro at $1,099, the Pixel 11 Pro XL at $1,299, and the foldable Pixel 11 Pro Fold at $1,899. The three standard models ship Aug. 20, while the Fold is expected to reach buyers in October. A new Pixel Watch 5 and a Pixel Tag tracker were also introduced, though the Tag will not go on sale until November.

The price increase is the part that matters commercially. The Pixel 10 series started at $799; the Pixel 11 starts at $899. Google’s justification is storage: the 128GB entry models are gone, and every Pixel 11 now begins at 256GB. Buyers are paying more and getting twice the storage, which is less a generosity than a response to conditions across the industry. A worldwide shortage of memory chips has been driving handset costs higher all year, and every major manufacturer is absorbing or passing along the same pressure.

Under the hood is the reason Google scheduled the launch when it did. All four phones run the Tensor G6, the first major Android smartphone chip built on Taiwan Semiconductor’s 2-nanometer process and the first in commercial production to use gate-all-around transistor architecture. Google says the chip delivers up to 20% better power efficiency, 25% faster web browsing and 15% faster app loading than its predecessor, with artificial intelligence processing units 50% more powerful.

That extra processing goes almost entirely into the camera and into Gemini, Google’s AI system. The base model gets a 48-megapixel main camera with 56% more light sensitivity and a telephoto lens reaching 30x zoom. The Pro models push to 120x zoom and can capture low-light shots up to 4.5 times faster. The Pro camera bar also gains a feature Google calls HiLight, a ring of ambient lights around the flash that replaces the temperature sensor carried on the last three generations.

The software pitch is an AI assistant that acts rather than answers: ordering groceries, booking rides and placing calls to businesses, with a live transcript the user can step into at any point. That agent is limited to the United States at launch. Buyers of the Pro and Fold models receive six months of Google’s paid AI subscription at no charge, and early pre-orders carry discounts of up to $250 — two levers that soften the sticker increase without cutting the list price.

The calendar is the strategy. By moving its hardware event to August, Google now lands between its two largest rivals rather than trailing both. Samsung introduced its latest foldables in late July, and Apple is expected in September with the iPhone 18 Pro, the Pro Max and its first foldable iPhone. Apple is holding the standard iPhone 18 until spring 2027, which leaves a gap in the mainstream price tier that Google is aiming at directly. At $899, the Pixel 11 undercuts Samsung’s Galaxy S26 Ultra by $400.

At the top of the range the math runs the other way. The $1,899 Pro Fold costs $100 more than Samsung’s competing foldable, and Samsung has been building folding phones since 2019 against Google’s start in 2023. Google is asking customers to pay a premium for software integration in a category where its rival has the longer hardware track record.

Alphabet does not break out Pixel revenue, and the line has never been a meaningful share of the company’s earnings next to search and cloud. Its purpose is strategic: a first-party showcase for Gemini that reaches consumers without Apple or Samsung standing in between. That argument gets harder to make at $899 than it did at $799, and Wednesday evening’s keynote is where Google has to make it.

JBizNews Desk | New York

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

US President Donald Trump on Wednesday said the United States is in control of the Strait of Hormuz.

“The USA has total control over the Strait of Hormuz. I THINK WE WILL KEEP IT! Our Naval Blockade is being called, by everyone, ‘A WALL OF STEEL,’ and there is nothing Iran can do about it,” he wrote on his Truth Social platform.

“They have no Navy, they have no Air Force, their remaining soldiers are unpaid, the IRGC is decimated and fleeing, and their ‘Leadership‘ is uncertain, at best!” Trump continued. “They have No Money – Their country is “shot.” All they have is FAKE NEWS and 300% INFLATION, and getting worse! Iran is all talk and no action, the Bully of the Middle East No Longer.”

“Praise be to Allah!” Trump concluded. 

 US President Donald Trump answers questions from the media after signing an executive order, in the Oval Office at the White House in Washington, DC, US, August 3, 2026 (credit: REUTERS/EVELYN HOCKSTEIN)

Israeli officials believe blockade is wrecking Iranian economy

Israel is highly satisfied with the continued US maritime blockade of Iran, assessing that it is having a dramatic impact on the Iranian economy.

Two Israeli officials told The Jerusalem Post that during a Security Cabinet meeting about a week ago, IDF Chief of Staff Lt.-Gen. Eyal Zamir told ministers: “The blockade of Iran is highly effective. The economic crisis there is getting worse.”

One of the blockade’s most significant effects has been on Iran’s ports and maritime trade routes. Because the Iranian economy depends heavily on those routes to import and export goods, raw materials, fuel, and other essential products, the blockade has caused sustained disruptions to port operations and supply chains.

The growing difficulty of exporting goods is also expected to worsen Iran’s shortage of foreign currency, making it increasingly difficult for Tehran to finance imports of essential products, including fuel, food, and industrial raw materials, even when those goods are brought into the country overland.

Experts estimate that Iran’s economy could contract by a staggering 5.6% this year, which would mark its sharpest decline since 1988.

As the blockade continues, declining revenues combined with rising import and reconstruction costs are expected to further limit Tehran’s ability to finance day-to-day government operations, rebuild damaged infrastructure, develop its military capabilities, and continue supporting its proxies.

Iranian citizens have largely remained off the streets since the protests in January, which were brutally suppressed by the regime and resulted in the deaths of thousands, and possibly tens of thousands, of people, with only isolated demonstrations taking place since then.

That relative calm has persisted despite annual inflation reaching 88.6%, according to Iranian authorities, while food prices have surged 130% over the past year. The rial has also fallen to a new low, losing approximately 20% of its value since the beginning of the war.

Israeli and US assessments are that the deteriorating economic situation will intensify domestic pressure on the Iranian regime. Long lines recently seen at gas stations are one indication of growing concerns over fuel supplies.

The Iranian government has sought to avoid cutting subsidies on basic goods, a step that helped trigger major waves of protests in 2017 and 2019. Nevertheless, Tehran has been unable to fully shield the public from significant price increases. The price of bread, for example, has risen by approximately 150%.

The assessment in Israel is that the longer the blockade remains in place, the greater the cumulative damage to Iran’s economy will become. That could set off a chain reaction in which worsening economic conditions place greater pressure on the Iranian public, which in turn increases pressure on the regime.

US has mine swept entire Strait of Hormuz, Trump tells reporters

Trump said on Monday that the United States controls the Strait of Hormuz and had swept the strategic oil waterway for Iranian mines.

“Look, the only one that has control of the Strait of Hormuz right now is the United States Navy,” Trump told reporters in the Oval Office. “We’ve mine-swept the entire strait.”
 
Shipping traffic through the Strait of Hormuz fell to six that day, compared with a 10-day average of about 11 vessels, shipping data showed, amid fading hopes of a peace deal between the US and Iran.

Four commodity vessels, including two empty oil product tankers, entered the waterway, data from Kpler showed on Tuesday. Two vessels – a small tanker laden with liquefied petroleum gas and another carrying residual fuels – exited the Strait, the data showed.
 
In pre-war days, about 130 to 140 ships typically transited the strait.

Iran fears economic sanctions more than military strikes, Trump’s UN envoy says

Iran is more afraid of US Treasury Secretary Scott Bessent than Defense Secretary Pete Hegseth, Ambassador to the UN Mike Waltz said in an interview with Fox News on Sunday.

“When they’re coming to the table with our negotiators, they are talking about cash, cash, cash. Because they’ll absorb the bombings,” he said.

Trump also emphasized the economic pressure on Iran in a phone call with Axios on Sunday. 

“We are only semi-negotiating with them. We are just watching Iran with its huge inflation and the fact they have no money,” he stated.

One US official told Axios that during active warfare, Tehran can temporarily avoid dealing with the economic consequences of the fighting. But as strikes have paused, it is forced to confront the reality of its economic situation, with no solution easily available. 

Leo Feierberg Better, Esther Davis, and Jerusalem Post Staff contributed to this report.

This post was originally published on here. 

A British serial sex attacker will spend the rest of his life in jail, a judge said on Wednesday, after he was convicted of two murders and rape following an escalating spree of sexual offenses that police and prosecutors failed to stop.

Simon Levy, 40, was found guilty last week of the murder of Carmenza Valencia-Trujillo in March 2025 and of Sheryl Wilkins in August 2025, and of the rape and serious assault of a third woman in January that year.

A life sentence is the most severe punishment in the UK and is extremely rare – with only just over 70 people currently serving the term in England and Wales, according to data from the London Metropolitan Police.

Police had arrested Levy several times for sexual assaults against women on rush-hour trains before he was arrested on suspicion of murdering Valencia-Trujillo, 53, in April 2025.

But Levy was released and sexually assaulted five women before he killed Wilkins, 39, in a brutal attack.

Sheryl Wilkins (L) and Carmenza Valencia-Trujillo (R). (credit: LONDON METROPOLITAN POLICE)

London’s Metropolitan Police said Levy was released because they were then unable to confirm any third-party involvement in Valencia-Trujillo’s death.

Its chief, Mark Rowley, told reporters the force “could have done better, definitely,” but added that “the justice system needs to do its job better.”

Levy’s crimes and the failures by police and prosecutors that allowed him to continue offending have prompted criticism, coming after a report in December said British police must ensure early intervention in cases of predatory behavior.

Harriet Wistrich, CEO of the Centre for Women’s Justice, said: “The catalog of combined failures in this case provides terrifying evidence … that our criminal justice system is in a state of collapse.”

London mayor calls for review of law enforcement

Judge Mark Lucraft said Levy was “clearly someone who ruthlessly exploits others for your own personal, sexual satisfaction” as he sentenced him to a whole-life order for the murders of Valencia-Trujillo and Wilkins.

He was also sentenced for two counts of rape, causing grievous bodily harm with intent and intentional strangulation in relation to a third woman.

London mayor ‘appalled by Levy’s crimes and the failures across multiple agencies’

Levy was separately convicted in February of sexually assaulting 10 women on London trains between October 2023 and May 2025, with six of the attacks in early 2025, and an 11th charge of sexually assaulting a prison officer in April 2022.

He was arrested in 2024 and early 2025 by British Transport Police, including after he was a suspect for rape and Valencia-Trujillo’s murder, but was granted bail.

The Met has referred itself to the police watchdog for downgrading him to a medium-risk offender in 2024, while BTP and the Crown Prosecution Service have also admitted some failures.

London Mayor Sadiq Khan said in a statement that he was “appalled by his crimes and the failures across multiple agencies,” calling for a multi-agency review to try and stop it from happening again.

Jerusalem Post staff contributed to this report.

This post was originally published on here. 

Israeli venture firm Team8 has raised $365 million in new capital to invest in the next generation of artificial intelligence (AI) companies. The new capital includes $265m. for Team8 Capital’s third fund and over $100m earmarked for follow-on investments in existing portfolio companies.

The fund is led by managing partners Sarit Firon and Liran Grinberg, alongside partners Ori Barzilay and Hadar Siterman. It will focus primarily on Seed and Series A companies developing AI-native technologies across cybersecurity, software infrastructure, fintech, and digital health.

The latest fundraising brings Team8’s total assets under management to nearly $2b. across eight funds launched since the firm was founded in 2014.

Team8 targets AI-native companies as enterprise adoption accelerates

The fund has already recorded an exit before reaching its final close. In February, Palo Alto Networks reported an agreement to acquire Israeli cybersecurity start-up Koi Security in a deal valued at approximately $400m.

Team8 said the new fund comes at a critical moment for enterprises, as the rapid development of generative and agentic AI is forcing companies to rethink their products, workflows, infrastructure, and security models.

 Stock market numbers are displayed on the floor of the New York Stock Exchange during morning trading on May 26, 2026 in New York City. Stocks traded higher at the opening amid a potential U.S.-Iran deal being reached to end the war (credit: MICHAEL M. SANTIAGO/GETTY IMAGES)

The latest fundraising comes as Israeli cybersecurity and defense-tech companies continue to attract significant interest from global investors and strategic buyers, particularly in areas where the rapid adoption of AI is creating new security vulnerabilities and infrastructure requirements.

Companies are increasingly deploying AI agents capable of carrying out tasks autonomously, but many organizations are doing that before they have established adequate visibility, governance, or security controls.

AI agents create new security challenges for companies

According to a survey presented at Team8’s latest CISO Village Summit, 97% of the 111 security leaders surveyed said their organizations had already begun adopting AI agents, and 80% were already running them in production. In parallel, respondents rated their confidence in their ability to secure AI at just 2.32 out of five.

“Agentic AI has become one of the most urgent operational and security challenges facing enterprises,” the firm said.

For chief information security officers (CISOs), chief information officers (CIOs), and others, the rapid emergence of agentic AI is creating a new category of operational and security risks.

“AI is fundamentally rewriting the economics of company building,” Firon said. “Developing breakthrough technology has never been easier; building a company that endures has never been harder.”

Firon said Team8 believes that as AI capabilities evolve “at a pace none of us have seen before,” the strongest companies will not necessarily be those with the most advanced underlying models, but those aimed at solving fundamental enterprise problems that remain relevant as the technology changes.

“That’s exactly where we believe the next generation of category-defining, AI-native companies will be built, and it’s exactly where our enterprise Village communities and our go-to-market, recruiting, and AI teams give founders an edge nobody else can offer,” she added.

New fund focuses on AI infrastructure and cybersecurity

The firm plans to invest its new capital in what it views as foundational layers of the AI ecosystem, particularly AI infrastructure, orchestration, identity, data, and cybersecurity.

Grinberg said portfolio companies will also have access to its broader company-building platform, including connections to major enterprises, market validation, and assistance with company formation, recruiting, go-to-market strategy, and growth.

“We built this firm on the belief that broad and deep context, not capital, is the scarcest resource at the earliest stage of a company’s life,” he said.

“As AI accelerates change and creates real uncertainty across every enterprise, we’re more convinced than ever that the biggest opportunities sit in the infrastructure and cybersecurity layers that let enterprises adopt this technology with confidence, and we couldn’t be more excited to back the next generation of AI-native founders building exactly that.”

Founded in 2014, Team8 operates as both an early-stage investment firm and a company builder. Its focus spans cybersecurity, enterprise, and AI infrastructure, along with fintech and digital health. The firm has more than 90 employees involved in building companies, and it maintains a network of hundreds of enterprise executives from Fortune 500 and other global companies.

This post was originally published on here. 

An Israeli lawyer was arrested on Tuesday at Ben-Gurion Airport on suspicion of smuggling drugs into Israel, according to a police statement issued Wednesday.

The drugs came in a cargo shipment, rather than in luggage on a passenger aircraft, and were processed through customs at Ben-Gurion Airport. The package came from England and was sent to Israel via Turkey.

During an inspection, airport investigators discovered that the shipment contained GHB, also known as liquid ecstasy, disguised in bottles labeled as false eyelash removal solution.

Israel Police then followed the package to its intended recipient, the lawyer, a Tel Aviv resident. He was arrested as the package was delivered. Police seized a range of additional substances from the lawyer’s home that are suspected to be drugs, including more GHB, heroin, ecstasy, and other substances. They also seized an undisclosed amount of foreign currency. On Wednesday, the courts granted police an extension of the suspect’s detention until August 16.

Illegal drugs and cash seized during a drug raid by police in Tel Aviv on August 11, 2026. (credit: ISRAEL POLICE SPOKESPERSON'S UNIT)

Police arrest three, seize drugs, hundreds of thousands of shekels in cash

Separately, Tel Aviv law enforcement officers carried out several large-scale operations across the city on Tuesday night, seizing hundreds of thousands of shekels in cash and a variety of drugs while issuing dozens of traffic tickets, police said.

In one raid, carried out under a warrant based on suspicions of drug trafficking and unlawful drug possession, police seized cannabis, cocaine, MDMA, and other illicit substances, along with equipment used to measure and package drugs for distribution. Officers also seized NIS 33,450 in cash suspected of being proceeds from drug trafficking. The suspect was arrested and taken for further questioning.

In another operation, police seized more than $228,000 and NIS 31,000 in cash, also believed to be proceeds from drug-related activity, before arresting the individual suspected of committing the offenses.

Throughout the night, officers also targeted what police described as “life-threatening traffic offenses,” with a particular focus on scooter and electric bike riders.

Tel Aviv police officer seen holding cash seized during raids on August 11, 2026. (credit: ISRAEL POLICE SPOKESPERSON'S UNIT)

As part of the operation, 25 traffic tickets were issued for “life-threatening traffic offenses,” and 20 vehicles were confiscated.

In addition, police arrested a man riding his scooter on the sidewalk after stopping him and discovering that he was a Palestinian resident of the West Bank residing illegally in sovereign Israel.

This post was originally published on here. 

Ukrainian forces have liberated 745 square km (288 square miles) of Russian-occupied land this year across a swathe of the southeastern front, President Volodymyr Zelensky said on Wednesday, hailing an operation he said went “exactly as planned.”

Ukraine‘s military has sought to heap pressure on Moscow’s war effort in recent months, counterattacking on parts of the 1,200-km front and striking logistics and energy infrastructure.

Zelensky said 26 settlements in the Dnipropetrovsk, Donetsk, and Zaporizhzhia regions had been brought back under Kyiv’s control. They are located along an approximately 60 km stretch of the front where the borders of the three regions meet.

“This offensive operation of ours was carried out with precision – exactly as planned,” he said on X, crediting Kyiv’s air-assault forces and other units.

Much of the area remains a grey zone, according to DeepState map

According to a battlefield map by Ukrainian open-source group DeepState, much of the area remains in a grey zone that is not fully controlled by either side. Some is marked as still Russian-controlled.

A Ukrainian national flag waves on a street in the center of the frontline town of Druzhkivka, amid Russia's attack on Ukraine, in Donetsk region, Ukraine August 10, 2026. (credit: Iryna Rybakova/Press Service of the 93rd Kholodnyi Yar Separate Mechanized Brigade/ Reuters )

A video posted by Ukraine’s General Staff on Wednesday featured mostly drone-shot footage of its troops holding up the Ukrainian flag in the freed settlements. Reuters could not independently verify it.

Russia‘s battlefield advances have slowed this year across much of the front, analysts say, though its forces are still closing in on key cities in Ukraine’s eastern Donetsk region.

Moscow has demanded Kyiv give up the rest of the industrialized Donetsk region, which it refuses to do.

This post was originally published on here. 

Nearly two-fifths of Israeli Jews support annexing the West Bank despite over half supporting sovereignty over the settlements, according to a poll released by the Jewish People Policy Institute (JPPI).

The poll showed that 55% of Israeli Jews want the country to maintain authority over Jewish settlements in the West Bank in any future agreement with the Palestinians.

Nearly two-fifths of Israeli Jews support annexing the West Bank despite over half supporting sovereignty over the settlements, according to a poll released by the Jewish People Policy Institute (JPPI). (credit: Courtesy of JPPI)

Regarding annexation, participants were given four groups of choices: some 37% of all Israelis supported full annexation, 30% said the territory should be divided, while just 10% supported full transfer of sovereignty to the Palestinians, with slightly more than that saying the situation should continue as is.

Some 35% of Jewish Israelis said the terrority should be divided, with 22% of those supporting annexation saying that the Palestinian population should be transferred to Arab countries. Approximately 14% said that West Bank Palestinians should be given autonomy following Israeli annexation of the territory.

Notably, less than 1% of Jewish Israeli participants said that Palestinians should be given full Israeli citizenship upon annexation of the West Bank.

19% of Arab Israelis said they support Israel annexing the West Bank, assuming citizenship would be granted to the Palestinians living there, according to a JPPI poll. (credit: Courtesy of JPPI)

Notably, 19% of Arab Israelis said they support Israel annexing the West Bank, assuming citizenship would be granted to the Palestinians living there, though 23% said a Palestinian state should be established over the entire territory.

Poll shows Israelis lack faith in BoP Gaza plan

The poll also explored the Gaza Board of Peace (BoP) plan pushed by US President Donald Trump, showing that Israelis are less-than-enthusiastic about what they believe the plan will achieve.

According to JPPI, most Israelis (58%) believe the situation in Gaza will not change despite the plan, with the number climbing to 63% amongst Israeli Jews.

Just 3% of respondents said they believe the plan will achieve all its goals, including Hamas’s disarmament, while no Jewish Israelis agreed with the sentiment.

JPPI President Professor Yedidya Stern described the findings as indicating “deep pessimism among Israelis” regarding Gaza.

“This does not indicate a fundamental preference by Israelis for the continued occupation of Gaza, but rather a deep lack of trust in Hamas’ willingness to relinquish its control over the Strip,” said Stern.

“This means that, in the opinion of most of us, and in the absence of another plan on the political-security table, Israel is destined to continue to control most of the Gaza Strip in the long term.”

This post was originally published on here. 

A highly anticipated No Surprises Act court decision delivered yet another win for providers, finding that the government erred in its instructions for calculating the amounts health insurers typically pay for services.

Tuesday’s decision from the U.S. Court of Appeals for the Fifth Circuit stems from a 2022 Texas Medical Association lawsuit challenging the government’s rule for calculating the qualifying payment amount, a number that’s used in arbitration to represent health insurers’ contracted rates for services. The trade group for doctors had argued that the methodology yielded numbers that were unfairly low, and the court mostly agreed.

The Fifth Circuit sided with providers against the federal government on two of three points: that the QPAs should not include so-called ghost rates, or placeholder rates that providers don’t actually negotiate, and that they should include bonus and incentive payments. It disagreed with air ambulance providers, finding that a one-off price for transporting a single patient should not factor into QPAs. 

Continue to STAT+ to read the full story…

This post was originally published here. 

Young adults’ use of vapes and cannabis hit all-time highs last year, according to the results of a large new national survey conducted at the University of Michigan.

The percentage of young adults who said they’d used nicotine vapes in the past 30 days reached the highest levels since the question was first added to the survey in 2017, more than tripling to 19%. For cannabis, 29% of young adults between the ages of 19-30 said they’d used the drug in the past 30 days — just slightly below the all-time high of 30% the previous year. A record high of 12% reported daily cannabis use. 

The annual Monitoring the Future survey, which is supported by the National Institutes of Health, gathers data from about 20,000 Americans spanning the ages of 19 to 65. Overall, this year’s report presents a mixed picture of substance use trends in the U.S, according to Nora Volkow, director of NIH’s National Institute on Drug Abuse (NIDA).

“It is reassuring to continue to see relatively low smoking rates and a continuing decline in alcohol use among adults,” Volkow said in a press release. “At the same time, rising rates of cannabis, nicotine, and certain other drug use warrant attention. Continued monitoring is vital for understanding the changing drug landscape so that we can develop effective interventions to support public health.”

Read the rest…

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Talks are underway between authorities in the Democratic Republic of the Congo and the World Health Organization to expedite the start of a multi-armed Phase 3 clinical trial of vaccines geared towards helping to contain spread of the Bundibugyo virus in the northeast of the country, which the director-general of the global health agency warned Wednesday is on track to become the largest Ebola outbreak on record.

“It’s already the second-biggest Ebola epidemic on record, and it’s moving faster than any previous Ebola outbreak. At its current pace, it’s on track to eclipse the West African Ebola outbreak of 2014 to 2016,” Tedros Adhanom Ghebreyesus said during a news conference in Geneva. 

Read the rest…

This post was originally published here. 

The Real Brokerage is rolling out Leo 2.0, an AI assistant built into its proprietary reZEN platform that automates back-office work, marketing and lead generation for agents. The system — in beta with thousands of agents — represents what Chief Technology Officer Pritesh Damani described as a fundamental shift in how technology should serve real estate professionals.

“I don’t think this industry has technology right, it’s backwards in many ways,” Damani told HousingWire. “Every time a broker says they’re a technology brokerage, they have just bolted in something like five different tools that they license behind one single sign-on.

“I still believe we are probably the only brokerage that actually builds everything in-house, in a meaningful way where people actually use it.”

The technology is already yielding tangible results for early users.

David Keener, CEO of Premiere Group at The Real Brokerage, said his team has uploaded about 3,000 previously non-responsive leads into the system.

“In the last 30 days, it’s had 1,992 conversations,” he said. “It’s booking tours for us and it’s literally in the middle of 444 live conversations right now. We uploaded all our dead, non-responsive leads that we haven’t talked to in over a year and it’s resurrected them.”

Leo 2.0’s AI Relationship Manager analyzes client interactions and sentiment to identify prospects who may be ready to act. The platform also provides consumers with branded property-search tools through the company’s HeyLeo platform.

Damani said the company’s technology philosophy starts with understanding what agents actually do each day.

“If you truly think about what AI is supposed to do, it’s giving you your time back, and that’s what we’re focused on,” he said. “The number one job [for agents] is to get new customers or to maintain current customers. So, the goal with Leo is to do that, to create new business for you.

“I am sure that at least 1% to 2% of people in every agent’s database is either buying or selling right now, because that’s just basic stats. They just don’t know who they are.”

For Keener, the system has replaced his entire inside sales agent (ISA) staff.

“This is my ISA platform and it’s working 24/7,” he said. “It’s doing better than my ISAs because a lot of times we hire [buyers’ agents]. There’s a language barrier. There isn’t one anymore. It tags these leads that it’s talking to through text — alerting me to say, ‘This one needs help right now.’ This is stuff we were spending over $100,000 a year, and now it’s gone.”

Controlled rollout

The company is managing the Leo 2.0 rollout carefully, not because the technology is unready, Damani said, but because of the computational costs involved.

“If I threw in all the agents on day one, we would probably spend a [over] $100,000 a day,” he said. “We have thousands of agents using it right now, but we are very selective about how we let people in, how we roll things out, how we message people and how many messages it does on a daily basis.”

Keener said the system requires minimal input from agents to function effectively.

“Once the AI has a phone number, a first and last name, and some context, just a little bit of context, that’s it,” he said. “They say they’re looking in Greensboro, North Carolina, for a three-bedroom, two-bath, and then it’s going to send out [communication] on your behalf.

“That could be something like, ‘Hey, I saw these came up over the weekend. I’m reaching out on behalf of Dave. He wanted to make sure you knew about these because they just hit the market.’”

Agents to build custom AI agents

Looking ahead, The Real Brokerage plans to launch what Damani called an agentic development environment (ADE) that will allow users to build their own AI agents.

“The idea is similar to Claude or OpenClaw or OpenAI,” he said. “You have this interface where you can write the agent and test it out. Imagine something like that built right inside of reZEN, so you can like build native agents right there.”

Damani said the company will likely launch a new AI agent every day over the next year.

“Whether it’s putting furniture in an empty photo, landscaping your photographs that you took, processing a PDF and extracting information for you, it doesn’t matter,” he said. “There will be something there for you.”

Keener also spoke of agent benefits through use of Leo Copilot, Real’s AI assistant.

“I just opened up the chat window and said, ‘Hey, my property’s at 123 Main Street. I’d like you to print a flyer because I’m hosting an open house this weekend,’” he said. “And in about two minutes, it printed me off something beautiful, slick and with everything about the home and the surrounding area.

“It did it in two minutes — and I didn’t have to go into a queue and get it three days later or four days later.”

Data as the strategic moat

Damani said The Real Brokerage has maintained a consistent strategy; building everything in-house to control the underlying data and infrastructure.

“We will build everything that creates a strategic moat for the brokerage,” he said. “In order for people to build what we have, they have to build everything else that we build first. You can’t just build the agentic part. You have to have all the data — the transaction data.

“You have to have all the signature products and you have to have the community. You have to have all of these things on which the agents sit on top of.”

For Leo 2.0, Damani said success metrics will include how many agents connect their CRM, how many trigger the agentic tools daily and how many consistently use the system.

Keener — whose team joined Real in 2024 — said he initially had doubts about such a large investment in AI.

“I thought when they announced this last year that it was not a good use of our funds as a brokerage. I was a little upset by it,” he said. “But I’ve changed my tune 100% because of what [Damani has] been able to bring forward, to bring to fruition and seeing what it’s already doing and the amount of benefit and value it’s providing to every agent. It’s insane.”

‘Six months away’ from major automation

Damani predicted that AI will fundamentally change most real estate processes within the next year — but emphasized that the agent’s role in human relationships will remain essential.

“The trust and the relationships that the agents have with their customers are the most important part in real estate,” he said. “That’s because when you’re making a million-dollar purchase or a half-million-dollar purchase, whatever it is, or $3 million purchase, most people don’t know what they’re doing. AI just spits out how you should feel about it. It’s not going to actually solve the problem.

“Everything that feels like it should be automated will be automated. I do think we’re six months away from like 80% of the processes being completely automated. But that doesn’t diminish the role of the Realtor. The Realtors will have more time for their customers, and further emphasize the value they create.”

Keener drew a historical comparison to describe the significance of the industry’s current tech transition.

“It’s like living in the 1800s when they first turned on electricity,” he said. “The first time you flip that switch and your house lit up or you were able to turn on a radio, you never wanted to go back. It wasn’t even a consideration to move into a house without those capabilities.

“Real has turned on the electricity at a brokerage, and no other brokerage has these capabilities. We’ve looked at them all. They’ve turned the lights on, and agents aren’t going to leave.”

This post was originally published on here. 

Housing inventory is down year over year, and price growth stands at 2.0% per the NAR existing home sales report. That combination might seem bad for affordability, but the truth is housing inventory is back at a healthy level, with price growth still in check and below wage growth, which ran at 3.2% in the July jobs report.

Also, housing inventory is only down a smidge year over year, but today I want to highlight why that is important going forward for years to come.

The housing inventory data from NAR isn’t a shock to our readers and those who have listened to our podcast. The supply and demand equilibrium changed in mid-June of 2025 and when rates fall and demand picks up a bit, it’s hard for inventory to really grow. However, inventory-wise, even though we aren’t back to the normal levels of 2-2.5 million, we have been at much healthier inventory levels in both 2025 and 2026.

I have always believed that if we have total active inventory levels between 1.52 million and 1.93 million with four months of supply, we are good: there’s no shortage and we have plenty of homes out there to have a functioning marketplace. Today, we are at 1.54 million units with 4.6 months of supply.

chart visualization

Housing inventory levels in both 2025 and 2026 have slowed price growth down to much healthier levels, running between 1%-2% growth nationally. This is much better than what we saw in 2020, which had 10% home-price growth, 2021, which had 19% home-price growth, and 2022, when even with sales crashing that year, we had 6% home-price growth.

With this type of home-price growth in 2025 and 2026, affordability is getting a bit better on its own without help from lower mortgage rates.

NAR report: Existing-home sales decreased by 1.7% month-over-month and increased 0.7% year-over-year, according to the National Association of REALTORS® Existing-Home Sales report.

“Home sales have been remarkably stable, even amid the rising mortgage rate environment of the past few months,” said NAR Chief Economist Lawrence Yun. “Year-to-date sales are up 2.4% and there’s no doubt that the housing market would be thriving if average mortgage rates were to return near 6%.”

As you can see in the chart below, home sales haven’t really gone anywhere for years, but they do perform better under one backdrop: when mortgage rates are closer to 6%.

My 2026 forecast for existing home sales was for 237,000 more home sales if mortgage rates could stay at 6.25% or lower, because since the start of 2023, housing demand has performed better when rates get below 6.64% and head toward 6%. This year, once you exclude the snowstorm data, housing demand has been positive almost every week when mortgage rates are closer to 6%. Existing home sales have even held up with mortgage rates between 6.25%-6.50%. However, now with mortgage rates above 6.64%, we can see in our data that housing demand is slowing down — nothing too bad, but not growing like we had seen before.

chart visualization

One thing to remember: the year-over-year comps will make it harder for housing to show growth in demand. Takeaway point: today’s purchase application data is up 3% week to week but down 1% year over year. Last year at this time, mortgage rates started to fall, so demand started to pick up; so take that variable into consideration going forward.

chart visualization

Conclusion

Overall, not too much is happening in housing if you read all the data together — prices are up just a smidge, home sales are up 2.4% year to date and there is not much growth in inventory. However, when you look at the internal storylines, there are a lot of positive things happening this year which didn’t happen during the years following COVID.

Mortgage rates are close to yearly highs as the conflict with Iran persists and a lot of Fed members want rate hikes, but for now, housing has held up better than in previous years, and a lot of that has been due to inventory growing from a savagely unhealthy level in 2022 to a healthier level in 2026.

This post was originally published on here. 

Social Security beneficiaries are still expected to see a larger cost-of-living adjustment (COLA) in 2027 than they did this year, though it has decreased as inflation eased in July.

By law, the annual Social Security COLA is calculated using the Bureau of Labor Statistics’ consumer price index (CPI) inflation data for the months of July, August and September based on a variant of the dataset known as CPI-W. The COLA boosts beneficiaries’ payments to account for a rise in the cost of living, and the COLA for 2026 amounted to a 2.8% increase.

The BLS released the July CPI inflation data Wednesday that showed consumer prices were up 3.4% from a year ago. That’s down from a 3.5% annual reading in June.

Several groups have released estimates for the 2027 COLA based on the July data and estimates for the next two months of data, which have the COLA landing in a range from 3.2% to 3.6%.

INFLATION COOLED IN JULY BUT REMAINED ELEVATED AS FED WEIGHS RATE HIKES

The nonpartisan Committee for a Responsible Federal Budget released the lowest of those estimates, projecting the COLA will ultimately be at 3.2% when the final data is released this fall. It noted in its analysis that CPI-W was flat in July and is up 3.4% over the last year.

“High COLAs can provide helpful near-term support to seniors, but also impose significant costs for a Social Security retirement fund that is just six years from insolvency,” CRFB said, adding that automatic benefit cuts of 22% would occur if the fund is depleted.

CRFB has proposed reforms to COLAs aimed at helping to shore up Social Security’s solvency, including a COLA cap for high-income beneficiaries as well as a flat rate COLA.

ONE TYPE OF SOCIAL SECURITY ADJUSTMENT COULD CUT THE 75-YEAR SHORTFALL IN HALF

The AARP, which advocates for policies it views as beneficial to people over the age of 50, estimates that the 2027 COLA will be 3.5% in its first-ever COLA estimate to be released before the third-quarter inflation reports come out.

“The sooner that we can give them reliable information as to how much their benefits might [increase next year], the sooner they can start planning,” AARP VP for Financial Security Rich Johnson said.

“There’s a lot of uncertainty about how food and, especially, energy prices will play out over the next two months. This is not set in stone.”

NEW PROPOSAL WOULD CAP SOCIAL SECURITY BENEFITS AT $100K FOR WEALTHY COUPLES

The Senior Citizens League (TSCL) released an estimate that puts the 2027 COLA at 3.6%, which would represent an increase of 0.8 percentage points when compared with the 2026 COLA. 

The TSCL analysis noted that if the estimated COLA were to take effect today, it would amount to an increase of $69.75 in average benefits, rising to $2,007.28 from $1,937.53.

TSCL executive director Shannon Benton said in a statement that, “One of the wildcards in this year’s forecast has been inflation’s volatility. It started the year at 2.2%, then surged to 4.4% by May before falling back to 3.5% in June.”

“That kind of instability can throw off forecasts, but our model is designed to avoid chasing every spike and dip, which has kept our predictions on a relatively steady course,” Benton added.

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The official 2027 COLA will be announced Oct. 14 after the BLS release of September CPI inflation data. It will take effect starting with payments to beneficiaries in January.

This post was originally published here. 

U.S. stocks finished mostly higher Wednesday, August 12, as a cooler inflation reading eased fears of an immediate Federal Reserve rate increase and another wave of strong AI-infrastructure results pulled technology shares higher.

The S&P 500 gained 20.38 points, or 0.26%, to 7,748.58, finishing just below its record. The Nasdaq Composite rose 145.70 points, or 0.55%, to 26,588.49, while the Dow Jones Industrial Average slipped 30.28 points, or 0.06%, to 53,761.57. Small-cap stocks also outperformed during the session, with the Russell 2000 trading roughly 0.5% higher near record territory. 

The 10-year Treasury yield fell to about 4.68% from 4.70% Tuesday, while Brent crude settled slightly lower at $88.58 a barrel after another volatile session shaped by Middle East supply concerns and weaker global oil-demand forecasts. 

Among the day’s biggest stock movers, Super Micro Computer jumped about 19.6%, CoreWeave gained roughly 19.4%, and Nvidia rose 3.1%. Nebius surged more than 20%, while Lumentum gained roughly 15%. On the downside, housing-related stocks struggled, with D.R. Horton down 3.1%, PulteGroup off 2.3% and Builders FirstSource losing 3.9% as elevated mortgage rates continued weighing on the sector. 

Economy: Inflation Finally Gives Businesses Some Breathing Room

The most important economic number of the day was considerably less dramatic than markets feared.

The Consumer Price Index rose just 0.1% in July, after falling 0.4% in June. Compared with a year earlier, consumer prices were up 3.4%, down from 3.5% in June. Core inflation, excluding food and energy, increased 0.2% for the month and 2.5% from a year earlier, down from 2.6%. 

Shelter costs rose just 0.1% and accounted for roughly two-thirds of the monthly increase. Gasoline declined for a second consecutive month, while hotel prices and prescription-drug costs also fell. Medical care and airline fares moved higher. 

For businesses, the important part was what did not happen. The energy shock from the Iran conflict has not yet produced the broad inflation surge many economists feared. That reduces the immediate pressure on the Federal Reserve to raise borrowing costs again.

Markets moved quickly. Traders shifted to roughly a 62% probability that the Fed will leave rates unchanged in September, compared with essentially even odds between a hike and a hold before the inflation report. 

Consumers are not necessarily feeling richer, however. Real average hourly earnings were still down about 0.2% from a year earlier, meaning purchasing power remains squeezed even as the inflation rate moderates. 

Washington: July Deficit Hits $432 Billion

One of Wednesday’s largest business stories received far less attention than CPI.

The federal government ran a $432 billion budget deficit in July, the largest July deficit on record and the biggest monthly shortfall since the pandemic-era spending surge of March 2021. 

Some of that was timing. Because August began on a weekend, about $99 billion of benefit payments that normally would have appeared in August were paid in July. Even after adjusting for those calendar effects, however, the July deficit was approximately $333 billion, 18% larger than a year earlier. 

The bigger number is the fiscal-year total.

During the first 10 months of fiscal 2026, the federal deficit reached $1.799 trillion, already exceeding the entire $1.775 trillion deficit recorded in fiscal 2025, with two months still remaining in the fiscal year. 

There was also an unusual tariff twist. Net customs receipts were actually negative $8.55 billion in July after the government issued $33.38 billion in tariff refunds. 

For investors and business owners, federal deficits eventually meet the bond market. Persistent heavy Treasury borrowing can keep pressure on longer-term interest rates even when inflation cools, affecting mortgages, corporate borrowing, commercial real estate financing and government interest expense.

Restaurants & Consumers: Wendy’s May Be Going Private

Wendy’s shares jumped about 12% after Reuters reported that Nelson Peltz’s Trian Fund Management is assembling a group of investors for a possible takeover of the fast-food chain. 

The potential consortium could include BlueFive Capital and Flynn Group, one of Wendy’s franchisees, with a bid potentially arriving within weeks. Wendy’s currently has a market value of roughly $1.44 billion. 

The timing says as much about the restaurant industry as it does about Wendy’s.

The chain has lost market share within the quick-service hamburger category for 17 consecutive months, with customer visits and frequency under pressure. Wendy’s recently withdrew its 2026 financial forecast after comparable sales declined. 

Restaurants have spent much of the past two years relying on value meals and promotions to lure inflation-weary customers. The Wendy’s situation suggests investors increasingly believe some struggling public restaurant companies may be worth more under private ownership, where turnarounds can be attempted without the pressure of quarterly earnings expectations.

Wall Street: Goldman Pays $2.25 Billion for the ETF Boom

Goldman Sachs agreed to buy Neos Investments for as much as $2.25 billion, another sign that Wall Street sees actively managed ETFs as one of the fastest-growing businesses in money management. 

Neos manages about $30 billion across 19 ETFs, many of which use options to generate income or limit downside risk.

The deal follows Goldman’s roughly $2 billion purchase of Innovator Capital earlier this year. Once Neos is added, Goldman expects to oversee about $80 billion in active ETFs. 

Why pay billions for ETF managers?

Investment banking and trading revenues can swing dramatically from quarter to quarter. Asset-management fees arrive repeatedly as long as investors leave their money in the funds. Goldman’s asset and wealth management operation generated $4.6 billion of second-quarter revenue, up 20% from a year earlier. 

The Neos acquisition therefore reflects a broader transformation on Wall Street: banks that once depended heavily on dealmaking are buying businesses that produce steadier recurring fees.

Energy: Refiners Are Making Billions From the Fuel Shortage

High gasoline prices are hurting consumers, but they are generating extraordinary profits for American refiners.

Marathon Petroleum, Phillips 66 and Valero Energy earned a combined $12.6 billion during the second quarter, their largest combined profit since Russia invaded Ukraine in 2022. 

The three companies returned $6.3 billion to shareholders through dividends and stock buybacks, compared with $2.6 billion during the same quarter last year. 

The profits are coming from exceptionally high refining margins as disruptions through the Strait of Hormuz, refinery attacks elsewhere and tight fuel inventories make gasoline, diesel and jet fuel more valuable.

The numbers are striking. The diesel refining spread reached a record $93.84 a barrel on August 10, while the gasoline refining spread reached roughly $60 a barrel in July. 

Investors have noticed. Marathon shares are up roughly 110% this year, Valero more than 98%, and Phillips 66 about 75%, significantly outperforming the broader energy sector. 

For consumers and transportation-dependent businesses, the same economics work in reverse. Refiners’ extraordinary margins are another reminder that even if crude prices stabilize, gasoline and diesel prices do not necessarily fall at the same speed.

AI Infrastructure: The Capacity Shortage Is Getting Bigger

The AI infrastructure boom produced another remarkable data point Wednesday.

Nebius reported second-quarter revenue of $582.3 million, nearly six times the revenue generated by its core AI-cloud operation a year earlier and above Wall Street expectations. Its shares surged more than 20%. 

More revealing than the quarterly revenue was the backlog.

Nebius signed four AI-cloud contracts averaging more than $1 billion each, while total contract value nearly quadrupled. Management said it believes it could sell all of its planned 2027 computing capacity at current pricing. 

The company now expects more than $9 billion in customer prepayments this year and says it has more than $40 billion in customer commitments. It increased its contracted 2026 power target to five gigawatts. 

That reinforces the message coming from CoreWeave, Super Micro and Nvidia: businesses are still competing for access to AI computing capacity faster than infrastructure can be built.

The other side of the story is cost. Nebius spent approximately $5.7 billion on capital expenditures in the quarter, about $1 billion more than analysts expected. 

AI demand may no longer be the biggest question. Financing the electricity, chips and data centers required to satisfy that demand increasingly is.

What to Watch Thursday

The next inflation test comes immediately.

The Bureau of Labor Statistics will release the July Producer Price Index at 8:30 a.m. ET Thursday, August 13. Unlike CPI, which measures what consumers pay, PPI measures prices further up the supply chain and can reveal cost pressures that businesses have not yet passed along to customers. 

That makes Thursday’s number particularly important after Wednesday’s reassuring CPI. A benign PPI would strengthen the argument that the Iran-driven energy shock remains relatively contained. A strong number would suggest manufacturers and wholesalers are absorbing costs that could eventually reach consumers.

Applied Materials reports after Thursday’s closing bell, with its earnings call scheduled for 4:30 p.m. ET. The semiconductor-equipment giant has become another major indicator of how long the AI capital-spending boom can continue. Analysts are looking for roughly $9 billion in quarterly revenue as chipmakers invest aggressively in advanced manufacturing capacity. 

Cisco’s fiscal fourth-quarter results were scheduled for 4:30 p.m. ET Wednesday, just after the regular market close, so those numbers were not yet incorporated into Wednesday’s closing market reaction. Cisco had already raised its expectations for AI-infrastructure orders from hyperscale customers to $9 billion for fiscal 2026, making its results another potential driver for technology stocks Thursday morning. 

And oil remains impossible to ignore. Brent finished Wednesday near $88.58 a barrel, but stalled U.S.-Iran negotiations, tanker security and disruptions around the Strait of Hormuz mean one geopolitical headline can still move fuel prices, inflation expectations, Treasury yields and stocks together. 

Wednesday’s indexes barely moved by historical standards.

The business developments beneath them were much larger: inflation cooled enough to give the Fed room to wait, Washington’s fiscal deficit crossed another troubling threshold, private capital circled a major restaurant chain, Wall Street continued buying recurring-fee businesses, refiners harvested billions from the energy disruption, and AI companies showed that demand for computing power still exceeds the industry’s ability to build it.

JBizNews Desk | Wall Street

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

The federal government borrowed $42 billion for ten years on Wednesday, and to get investors to hand over the money it had to promise them 4.683% a year — the steepest rate the United States has paid at a 10-year note auction since 2007, before the financial crisis. That rate is locked in for the life of the debt, and taxpayers carry it.

The auction closed at 1 p.m. Eastern. The high yield of 4.683% came in a fraction above the 4.682% level the notes had been trading at just before the sale — a gap of one-tenth of a basis point. When an auction prices above where the market was already trading, it is called a tail, and it means buyers demanded slightly more compensation than expected. The average tail on recent 10-year sales has been three-tenths of a basis point, so Wednesday’s was smaller than usual.

Everything underneath that headline number pointed to solid demand rather than a buyers’ strike. Bids totaled 2.53 times the amount on offer, above the 2.47 six-month average. The critical measure was foreign appetite. Indirect bidders, the category that captures overseas central banks and foreign institutions, took 76.7% of the sale against an average of 71.3%. Domestic direct bidders were lighter than normal at 14.7%, and primary dealers — the banks obligated to buy whatever nobody else wants — were left with just 8.6%, well below their 11.0% average. A small dealer take is the clearest sign that real investors absorbed the paper.

Wednesday’s sale was the middle leg of the Treasury’s quarterly refunding. The full package totals $125 billion: $58 billion of three-year notes on Tuesday, Wednesday’s $42 billion of 10-year notes, and $25 billion of 30-year bonds on Thursday, Aug. 13. The sales refinance roughly $96.3 billion of privately held debt coming due Aug. 15 and raise about $28.7 billion in fresh cash, with all three settling Monday, Aug. 17.

The reason the government is paying more is not that anyone doubts it will pay. It is the sheer volume of borrowing colliding with inflation that has refused to come all the way down. Treasury raised its estimate for July-through-September borrowing by $68 billion to $739 billion, and expects to borrow another $628 billion in the final quarter of the year — more than $1.3 trillion across the second half of 2026. Every additional dollar of supply has to find a buyer, and buyers set the price.

Inflation is the other half. The July consumer price report released Wednesday morning showed prices up 0.1% on the month and 3.4% from a year earlier — cooler than feared, but still comfortably above the Federal Reserve’s 2% target. An investor lending money for a decade at 4.683% is clearing that inflation rate by a little over a point, which is roughly what it takes to bring lenders to the table now. The 10-year yield had already finished July at 4.75%, so Wednesday’s result was in line with where the market has settled rather than a break to new territory.

What the Treasury is doing about it shows up in the shape of the offering. The three-year piece at $58 billion is larger than the 10-year and 30-year legs combined, a deliberate tilt toward shorter maturities that holds down the interest bill while the extra yield investors demand for long-dated debt stays elevated. Treasury also left its longer-term issuance sizes unchanged in the refunding announcement, avoiding fresh supply pressure at the long end after yields climbed in recent months. It has additionally penciled in up to $38 billion of buybacks next quarter to support liquidity, plus $25 billion for cash management, and is targeting a $950 billion cash balance at the end of September.

For anyone outside the bond market, the 10-year yield is the number that matters most. Thirty-year mortgage rates track it, corporate borrowing costs move with it, and the government’s own interest expense compounds off it. A 4.683% cost of capital for the world’s benchmark borrower sets the floor under every other loan priced in dollars.

The last leg of the refunding comes Thursday at 1 p.m. Eastern with $25 billion of 30-year bonds. Following Wednesday’s result, the expectation on trading desks is that the long bond finds buyers without difficulty — but the 30-year is where doubts about the trajectory of federal debt show up first, and it will be the more honest test of the two.

JBizNews Desk | Wall Street

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

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Duvi Honig

By Duvi Honig Tuesday, 11 August 2026 03:29 PM EDTCurrent | Bio | Archive

The Golden State Wants to Make Robbing the Rich Legal

California has decided that theft becomes respectable when enough people vote for it.

Proposition 40 would impose a one-time 5% tax on the accumulated wealth of California residents worth more than $1 billion.

It’s not a tax on income earned this year, profits realized through a sale or money received in a transaction. It is a government claim against property people already own.

Supporters estimate that roughly 200 individuals would be targeted and that the measure could collect approximately $100 billion, primarily for healthcare programs.

The California Democratic Party has now endorsed it, giving political legitimacy to an idea that should disturb every American, regardless of personal wealth.

Calling something a tax does not automatically make it legitimate.

Suppose Congress proposed allowing the government to confiscate 5% of the property belonging to one unpopular group of Americans because the U.S. Treasury was running short of money.

  • Would the confiscation become morally acceptable merely because legislators approved it?
  • Would it become constitutional because a majority of voters liked the target?

Of course not.

The power to tax is broad, but it is not limitless.

Government cannot avoid constitutional protections simply by renaming confiscation an “excise tax” and placing it on a ballot.

Proposition 40 is being sold as a one-time emergency measure.

That phrase should alarm taxpayers rather than reassure them.

Governments rarely surrender a revenue source once they discover it, and today’s billionaire threshold can become tomorrow’s millionaire threshold once the original pool of money is exhausted.

The proposal would measure worldwide net worth and impose a 5% charge based on ownership of accumulated assets.

Real estate held directly would generally be excluded, while many business interests, securities and other forms of wealth would be included.

Taxpayers could spread payments over five years, but the obligation itself would be created by the value of what they own — not by income they received.

That is why the constitutional issue cannot be waved away.

California’s Constitution places strict limits on taxation of certain intangible property. Legal analysts have already identified a serious question over whether courts would treat this measure as a property tax despite its authors labeling it an excise tax.

Courts examine what a law actually does, not merely what politicians call it.

If the government calculates a charge by taking the total value of property someone owns and demanding a percentage of it, ordinary Americans understand what is happening.

The state is taking a slice of existing property because it needs money.

Supporters insist that billionaires can afford it. That misses the point entirely.

Constitutional rights do not depend on whether the victim is sympathetic.

Property protections mean little if they apply only to people whom the majority likes.

The entire purpose of constitutional limits is to prevent temporary political majorities from using government power against a smaller, unpopular group.

A billionaire’s wealth may be vast, but much of it is often tied to companies, investments and assets rather than sitting in a checking account.

To pay a tax based on paper value, an owner may need to sell shares, borrow money or surrender control of part of a business.

The government would effectively force private financial decisions without any sale, profit or taxable transaction having occurred.

California’s proposal is even more troubling because it reaches people based on residency at the beginning of 2026, before voters decide the measure in November.

That means someone who moved away during the year could still face a tax approved after leaving the state. Critics argue that this retroactive structure raises additional due-process and interstate-tax concerns.

Yet the loudest political argument against the measure is not that confiscation is wrong.

It is that other groups are not getting enough of the money.

Some organizations opposing Proposition 40 argue that its healthcare funding model is temporary, unreliable or harmful to programs they represent. Others worry that wealthy residents will leave California, taking future income-tax revenue, investment and jobs with them.

Those are legitimate economic concerns.

Even Gov. Gavin Newsom, D-Calif., and other prominent Democrats have opposed the proposal because of the possible damage to California’s economy and tax base.

But the most fundamental objection should come before the budget projections.

You do not seize private wealth merely because government coffers are empty.

California has one of the largest economies globally and has collected extraordinary sums from its residents.

If its budget cannot support existing promises, elected officials should explain where the money went, reduce waste, prioritize essential services and reform programs that are financially unsustainable.

Instead, Proposition 40 offers a politically convenient shortcut: identify a tiny class of residents, portray their wealth as a public resource and take enough of it to postpone difficult decisions.

That is not fiscal reform. It is a raid.

The claim that this will happen only once is especially difficult to believe.

A government facing structural deficits does not solve them with a one-time seizure.

It merely delays the reckoning. When the money runs out, politicians will return with a lower threshold, a higher rate or another supposedly temporary emergency.

Americans who are not billionaires should not celebrate.

Every confiscatory tax begins with a politically isolated target.

Once the principle is accepted — that government may take accumulated property whenever a majority believes the owner has too much — the only remaining debate is where to draw the line.

Today it is $1 billion.

Tomorrow it could be $100 million, $10 million, retirement accounts, investment portfolios, family businesses or the appreciated value of a home.

The danger is not that voters will suddenly feel sorry for billionaires.

The danger is that they will establish a precedent allowing government to convert envy and fiscal failure into legal authority.

A ballot can authorize legislation. It cannot transform injustice into justice.

And voting to take someone else’s property does not stop being theft simply because the people counting the ballots expect to receive a piece of it.

Duvi Honig is founder and CEO of the Orthodox Jewish Chamber of Commerce and founder of JBizNews. Read more Duvi Honig Insider articles —Click Here Now.

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Israel and Lebanon have agreed on Britain, Italy, Switzerland and Indonesia as potential contributors to a proposed mechanism that could see foreign troops deployed to Lebanon to verify Hezbollah’s disarmament, people familiar with the matter said.

The shortlist emerged from US-mediated talks in Rome last week, the latest round of negotiations between Israel and Lebanon on implementing a June agreement that ties Israel’s phased withdrawal from Lebanon to the disarmament of Hezbollah.

The countries could help define the mechanism’s scope, provide personnel to oversee its implementation, or contribute troops to observe or take part in inspections verifying disarmament, three sources said.

Israel and Lebanon agreed on a list of potential countries, official tells Reuters

A Lebanese official told Reuters on Friday that Israel and Lebanon had agreed on a list of potential countries that could send troops to verify disarmament, but declined to identify them, saying the US would decide which of them would take part.

Israel and Lebanon in late June agreed to a US-mediated framework as part of Washington’s efforts to end the latest round of conflict between Israel and Hezbollah, triggered in March when the Iran-backed Lebanese armed group attacked Israel following US and Israeli war against Iran.

A Lebanese army officer looks up at an Israeli drone while standing on an armoured vehicle in Zawtar al-Gharbiyeh, a village in southern Lebanon, as Lebanese soldiers deploy in one of three pilot zones following the withdrawal of Israeli forces under a US-brokered plan, July 26, 2026.  (credit: REUTERS/ZOHRA BENSEMRA)

A source with direct knowledge of the matter said discussions surrounding the shortlisted countries were in the early stages but said that they were “cautiously optimistic” the effort would proceed.

The Israeli prime minister’s office, the Lebanese presidency and the British, Italian, and Indonesian foreign ministries did not immediately respond to requests for comment. Switzerland’s foreign ministry had no immediate comment.

Israel seeking searches of private homes

Israel’s military occupies what it describes as a security zone extending 10 kilometers into southern Lebanon and has said it will not withdraw unilaterally until Hezbollah is disarmed.

Two sources said that under the proposed mechanism, villages in southern Lebanon would be inspected and verified as being free of weapons. Israel wants those inspections to include private homes, they said.

Lebanon’s army has resisted pressure over the last year to search private properties, fearing such searches could spark tensions in the south and with Hezbollah more broadly. Security officials have told Reuters the army would need warrants for each house.

A foreign security official said the question of private properties would need to be addressed, including how and by whom they would be searched. The official said the extent of foreign troops’ freedom of movement would also need to be clearly established.

A mandate for the presence of foreign troops in Lebanon would have to be agreed, the sources said, with the most likely scenario being that they would be formally invited by the Lebanese government under a framework endorsed by Israel.

The US and Israel were unlikely to accept UN involvement, the sources said, while European nations may oppose oversight by US President Donald Trump‘s Board of Peace.

This post was originally published on here. 

No one has ever confused Likud primaries with genteel affairs. They are loud, messy, and extremely competitive.

But even by Likud’s rough-and-tumble standards, the run-up to Monday’s primary looks like an extraordinary mess.

There are the battles over the district slots, the party court rulings, the attempts to protect veteran ministers, the eight places Prime Minister Benjamin Netanyahu was given to fill with candidates of his choosing, and the additional guaranteed positions he demanded – and received – for Defense Minister Israel Katz, Foreign Minister Gideon Sa’ar, and Likud Central Committee chairman Haim Katz.

Taken together, Netanyahu will control 11 of the top 29 positions on the party’s next Knesset slate. That is enormous influence, especially since the Likud, which currently holds 32 seats, is polling at an average of only 23-24.

It also means that a significant number of today’s Likud MKs will not be parliamentarians tomorrow. That has left them embittered and battling for their political lives in what is essentially a zero-sum game.

Likud primaries conference in Ashdod, southern Israel. August 10, 2026. (credit: Liron Moldovan/Flash90)

And that type of bitterness tends to spill into the public arena – as it has.

Then came Netanyahu’s first personal selection: Oren Dobronsky, a hi-tech entrepreneur with years of Silicon Valley experience who was supposed to add economic and technological heft to the list.

Netanyahu apparently meant to undercut Nir Barkat, once a possible successor

He was also, if reports are to be believed, meant to undercut Economy and Industry Minister Nir Barkat, himself a former hi-tech entrepreneur.

Why would Netanyahu want to undercut Barkat, once widely viewed as a possible successor? Because according to a Channel 12 report, Barkat and Yuli Edelstein – who has since left the Likud to form a new party with Gilad Erdan – were behind an unsuccessful attempt immediately after October 7 to replace Netanyahu.

According to the report, Barkat and Edelstein tried to secure the support of the 13 Likud MKs needed to replace Netanyahu through a constructive vote of no confidence. They were unable to agree on who would take his place, and Edelstein reportedly proposed becoming interim prime minister, followed by a Likud leadership primary in which he would not run.

The report said Haim Katz learned of the effort and warned Netanyahu, who moved to thwart it. Some believe Netanyahu is now protecting Katz while reportedly using the primary to settle scores with Barkat.

The scriptwriters of a political drama could hardly have come up with a better storyline.

All of this points to a larger problem facing the Likud: How does a party that prides itself on being democratic ensure that its primary produces a list able to appeal to those beyond its base?

Unlike most Israeli parties, Likud has long taken pride in allowing its members to choose its Knesset candidates. This is a significant part of its identity. The Likud likes to contrast its broad, grassroots membership with parties led by the likes of Avigdor Liberman, Yair Lapid, and Naftali Bennett, whose lists are determined by the leader or a small committee.

There is merit to that argument. Primaries give party members a voice. They force politicians to maintain contact with the grassroots.

There is also no small irony in Netanyahu’s effort to undercut the primary system. He entered the Knesset in 1988 by prevailing in Likud’s old Central Committee-based selection process, despite opposition from parts of the party establishment. Five years later, a party-wide leadership primary enabled him to defeat David Levy, Benny Begin, and Moshe Katsav and take control of the party.

The Likud’s internal democracy did not merely help Netanyahu; it was critical to his political rise.

But that was then. In recent years, the primary system has exposed a serious downside.

To succeed, candidates need name recognition across the country. Quiet legislative work, expertise in a particular field, or a record of effective committee work doesn’t exactly provide that. Television appearances do. So do provocative statements, attacks on political opponents, and inflammatory social-media posts.

The louder the candidate, the greater the likelihood that Likud members will know their name when they reach the primary ballot box.

That system has helped propel figures such as Tally Gotliv to prominence. Gotliv is constantly in the headlines. She attacks the courts, the Attorney-General’s Office, the media, her political opponents, and occasionally members of her own party. She knows how to appeal to a significant part of the Likud base.

And she is now among the fiercest critics of Netanyahu’s reserved slots. But Netanyahu’s dilemma is understandable.

He wants a party list that can attract voters beyond the Likud faithful. Internal polling reportedly indicates that some candidates popular with Likud members are far less attractive to moderate right-wing and swing voters whom the party will need in the election.

Netanyahu therefore wants the ability to balance the list: to add people from hi-tech, economics, security, and other fields who can broaden the party’s appeal and give it greater governing credibility.

That, at least, is the argument for the reserved slots, and it is not an unreasonable one.

The problem is the scale.

Giving Netanyahu eight handpicked positions, followed by guaranteed places for three senior ministers, means that he will effectively determine a third of the party’s realistic list. At a certain point, these types of “corrections” to the primary system begin to hollow out the primary itself.

Some veteran Likud figures look back nostalgically at the days when a much smaller party forum played the decisive role in choosing the list, including through the famous shvi’iyot, in which Central Committee members selected and ranked candidates in groups of seven.

Old system wasn’t perfect, but produced some high-stature Likud representatives

That system was far less democratic. It was also vulnerable to deals, pressure groups, and political horse-trading. It should not be romanticized.

Yet it did produce Likud representatives of considerable stature: Dan Meridor, Roni Milo, Benny Begin, Michael Eitan, Uzi Landau, and others who combined strong ideological views with independence, policy expertise, and respect for the institutions of the state.

Would figures of that type survive today’s Likud primary?

Meridor’s defense of the judiciary would have made him unelectable in a Likud primary today. Eitan’s years of serious parliamentary work would mean little against a candidate producing daily viral videos. And a thoughtful candidate such as Yuval Steinitz might find it difficult to generate the excitement needed to prevail in a contest driven by social media and combative television appearances.

That doesn’t mean the old system was necessarily superior. Nor does it mean Likud members are incapable of choosing serious candidates. It does mean that a large national primary creates incentives that favor confrontation, ideological purity, and name recognition over depth, experience, and independence.

Netanyahu is now trying to correct those distortions from above. But in doing so, he risks undermining the democratic character that distinguishes Likud from nearly every other Israeli party.

This is the balancing act at the center of Monday’s primary.

Leave the process entirely in the hands of the membership, and the result may be a list filled with candidates who fire up the base but repel many of the voters Likud needs to win the election.

Intervene too heavily, however, and the party’s much-vaunted internal democracy becomes largely cosmetic – a primary in which the leader has already determined more than a third of the realistic list.

There is no selection system guaranteed to produce top-tier politicians. A small committee can choose mediocrities and cronies just as easily as a primary can reward demagogues.

But Likud’s current predicament is acute: The party wants the democratic legitimacy of a mass primary and the broad electoral appeal of a carefully put-together list. The chaos surrounding the August 17 vote shows how difficult it is to have both.

This post was originally published on here. 

The 11th annual Ushpizin Music Festival will return to Ashdod this autumn, bringing a massive lineup of Israeli rock royalty, international performers, and high-profile theater productions.

The week-long cultural celebration will run during the intermediate days of Sukkot, from September 24 until October 1, across three of the city’s premier cultural venues: the Ashdod Amphitheater, the Performing Arts Center, and Yad Labanim.

The festival’s biggest blockbuster nights will take place under the stars at the Ashdod Amphitheater. On September 29, Israeli music heavyweights Evyatar Banai, Amir Benayoun, and Berry Sakharof will share the stage for a massive triple-threat lineup. The rock marathon continues the following evening with a powerhouse roster featuring pioneering rocker Shalom Hanoch, ’90s alternative icons Eifa HaYeled, and punk-rock legend Rami Fortis.

sraeli singer Berry Sakharof performs at Barby in Tel Aviv. September 26, 2023.  (credit: AVSHALOM SASSONI/FLASH90)

Opera, classical music and international performers come to Ashdod

The Ashdod Performing Arts Center will host a diverse array of global and classical events, kicking off early on September 24 with the prestigious final round of the 18th Arthur Rubinstein International Piano Master Competition.

Opera lovers can look forward to a fully staged production of Verdi’s La Traviata on September 27, performed by the Ashdod Chamber Opera Orchestra, the Tel Aviv Philharmonic Choir, and a lineup of international soloists under the baton of Vag (Vahagn) Papian.

The international momentum continues on September 28 with a performance by Paraguayan ensemble Los Muchachos Paraguayos, led by Juan Luis Alberto Amarilla. The group will be joined by Paraguayan-Israeli harpist David Karlsberg.

Rounding out the venue’s schedule, the Israeli Andalusian Orchestra Ashdod will present a nostalgic “Israeli Soundtrack” concert featuring veteran pop star Avi Toledano on September 29, followed by a two-night run of the Hebrew Theater’s production of My Fair Lady on September 30 and October 1.

Yad Labanim hosts musical tributes, jazz and flamenco

The Yad Labanim auditorium will pivot toward storytelling and intimate tributes. On September 27, the venue will host A Girl Who Is Quite a Treasure, a musical celebrating the life and music of iconic Greek-Israeli singer Aris San, performed by Izakis and the Greek Legend Band.

Other highlights include a staging of the musical Loving Daisy; a celebratory gala honoring singer Shlomit Aharon for her landmark 60-year musical career; a night of American jazz standards and New York hits led by vocalist-pianist Amor Amosi Nissan and conductor Mark Tiktiner; and a fiery grand finale featuring the Remangar Flamenco Dance Company.

This post was originally published on here. 

The Israeli defense establishment hit a new low on Tuesday and Wednesday regarding its inability to restrain violent Jewish extremists in the West Bank.

Since 2023, there has been a running line of such new lows for the Israeli defense establishment versus violent Jewish extremists in the West Bank.

A mix of the rise in Palestinian terrorism that started in March 2022, as well as the rise of Itamar Ben-Gvir running the police in January 2023, led to a rise in Jewish anarchists attacking Palestinian civilians.

What had often been “just price tag” spray paint vandalism for a decade or so morphed into far more actual violence and dangerous arsons.

February 2023 saw one of the first stunning and infamous mass Jewish attacks on the Palestinian town of Huwara.

Israeli settlers attacking Palestinians in the town of Huwara on June 6, 2026. (credit: ARMY RADIO)

Jewish extremist attacks were no longer one or two individuals, but large groups of dozens or even up to around 100.
By 2025-2026, such mass attacks are no longer shocking because they happen too often.

The gap is large, though it has narrowed

Palestinian terrorists have still killed many more Jews in the West Bank than Jewish terrorists have killed Palestinian civilians, and the Palestinian plots that are thwarted tend to be much more lethal, but the gap between the sides used to be much larger.

There has also been an increase in Jewish extremists using violence against IDF soldiers.

An issue that might have happened once a year in the past has become much more common.
But the latest incident is new.

This time, multiple rounds of IDF forces were sent to remove multiple rounds of violent Jewish extremists from harassing a small number of Palestinians on land under the control of the Palestinian Authority.

The IDF even sent out a message late Wednesday morning that it had removed the illegal structures built by the Jewish extremists in the area.

Yet, at press time, IDF sources still were not able to tell The Jerusalem Post when the Jewish extremists in the area themselves would be fully removed.

Rather, all IDF sources could say was that there remained IDF forces in the area also.

A few dozen activists can wreak havoc on local Palestinians

In a vacuum, a few dozen activists taking a hike and sleeping in a field with sleeping bags could seem harmless.

But these activists have already harassed the Palestinians nearby, and there have been so many recent cases when Jewish extremists have been violent that such trespassers into Palestinian areas cannot be given the benefit of the doubt.
In any case, trespassing is trespassing, and it is bizarre that the Jewish extremists have not been cleared after so much time has passed.

It is also bizarre that they have not all been arrested, given that there are public videos showing their faces and showing them throwing rocks onto a path to prevent the IDF from evacuating them.

This is trespassing plus obstruction of the military enforcing the law, black and white.

Why is this latest incident happening now?

While any number of factors could explain it, Defense Minister Israel Katz’s recent attacks on IDF Central Commander Maj. Gen. Avi Bluth for placing an administrative travel restraining order on Tal Yinon Dardik due to allegations that he attacked Palestinians in March and at other times could be an obvious recent cause.

If you are a Jewish extremist in the West Bank and know that the defense minister may support you, along with the Ben-Gvir who runs the police already supporting you, why not act up?

Katz got rid of administrative detention for Jews in January 2025, even though there are over 3,000 Palestinians still in administrative detention.

Then, in recent weeks, he was even attacking using travel restraining orders.

If you will not be indicted and not even get a restraining order, why not fight the IDF and attack Palestinians if you are a violent Jewish extremist? What do you have to lose?

Prime Minister Benjamin Netanyahu has been silent throughout this incident, and the Dardik incident, signaling either that he supports Katz, or at the very least will not stick his neck out to support Bluth even though Bluth is himself quite right-wing politically and was once his personal military secretary.

Short of the US publicly embarrassing Netanyahu into greater action, this might not even be the final low on this issue.
How much longer before the IDF and the police not only fail to arrest and punish such violent Jewish extremists, but also fail to even be able to stop them from acting violently and trespassing, with the events of Wednesday coming pretty close to that point?

This post was originally published on here. 

The US State Department is requesting that US embassies in the Middle East develop “reduced operations” plans, as the conflict with Iran shows no immediate signs of resolution, according to a CNN report published on Wednesday.

Sources have informed CNN that, although plans have not been finalized, the State Department has encouraged US embassy staff to reduce both their assignments and staff numbers. There is a general expectation that officials do not anticipate returning to normal staffing levels in the region anytime soon. 

However, reports indicate that the State Department has yet to determine whether all affected posts will implement these changes.

Any plans for “reduced operations,” once finalized, could provide some clarity to US diplomats and their families who have been displaced, CNN reported.

A spokesperson from the State Department spoke with CNN regarding the reported changes at the embassy. They stated, “do not discuss internal deliberations or post-specific contingency planning,” but noted that the department “continually reviews the security and staffing posture at every diplomatic mission based on conditions on the ground and adjusts personnel levels as appropriate.”

A banner that reads 'Made in USA' hangs on a damaged building in the Chiyah district of Beirut's southern suburbs, Lebanon, November 28, 2024 (credit: REUTERS/MOHAMED AZAKIR)

“Decisions regarding the status of any post are made based on a range of security and operational factors, in close coordination between posts and Washington,” they added.

Fewer diplomats on the ground may affect the State Department’s ability to provide timely consular assistance to Americans abroad and to support the administration’s priorities, former diplomats told CNN. 

However, a State Department spokesperson refuted the notion that US diplomatic efforts are “limited” due to a reduced number of personnel on the ground.

“We have seen sustained engagement from the highest levels of the Trump Administration with our partners in the Middle East, and our relationship with our allies in the region continues to get stronger,” they said.

Embassy evacuations begin with the US-Israel war against Iran

The State Department ordered nonemergency personnel and family members to leave almost every diplomatic post in the region shortly after the US-Israel war with Iran began in late February. 

A decision that was followed by nearly six months of uncertainty about whether the posts could return to normal and whether all diplomats could return to their assignments. 

The State Department did not reduce staffing at most embassies in the region prior to the start of the US-Israeli military campaign. Before the war, only Lebanon and Israel were designated under “ordered and authorized departure status,” meaning non-emergency personnel and their family members had the option to leave but were not required to do so.

As the conflict intensified and US diplomatic facilities in the region became targets for Iran and its proxies, facing drone and missile attacks, the State Department ordered the departure of non-emergency personnel and their families from Bahrain, Iraq, Jordan, Qatar, Saudi Arabia, and the United Arab Emirates.

The abrupt reduction in staff left many diplomats and their families, who had several years left on their assignments, struggling to create temporary situations for themselves back on American soil. They found themselves unable to make long-term commitments upon returning home and had to plan around the expectation that they would need to quickly return to the Middle East if the political climate shifted.

In response to growing concern among embassy staff, the State Department spokesperson told CNN the department remains “committed to supporting our workforce and their families throughout this process and will provide updates through appropriate channels as decisions are made.”

This post was originally published on here. 

Only about 20 of Likud’s roughly 40 current ministers and MKs are expected to remain in the next Knesset under a scenario in which the party wins 30 seats, according to a new Agam Institute poll conducted ahead of the Likud primaries and released on Wednesday.

The poll points to a potential shake-up in the composition of Likud’s next Knesset slate. The researchers stressed that the scenario in which Likud wins 30 seats is significantly higher than the polling projections cited in their report.

The findings also reveal substantial differences between the preferences of registered Likud members and those of the party’s broader electorate.

According to the poll’s simulation, veteran ministers and MKs, including David Amsalem, Miki Zohar, and David Bitan, are pushed down the list, while other candidates gain ground. The researchers described the trend as a dramatic change in Likud’s slate, with veterans losing ground to new faces.

People at polling station during the Likud party internal elections in Jeursalem, July 27, 2026. (credit: CHAIM GOLDBERG/FLASH90)

However, they stressed that the data from registered party members reflect the preferences of “free” voters and do not take organized voting blocs into account, a particularly significant factor in Likud primaries.

One of the researchers’ main conclusions concerns the latest reserved slots on the party list. According to the report, the reserved slots “saved” Haim Katz and Gideon Sa’ar and kept Israel Katz in the top 10.

Sa’ar was not ranked as a primary candidate in the poll. The researchers reached the conclusion as part of their simulation of the slate after the reserved slots were incorporated. Haim Katz, by contrast, ranked only 35th in the raw ranking among registered party members.

Party members back Ohana, voters prefer Barkat

On the question of Likud’s leadership after Prime Minister Benjamin Netanyahu, Israel Katz ranked sixth among registered party members, with 10.3%, compared with fourth place and 11.3% among Likud voters. The researchers attributed his weaker showing among party members to frustration over the security campaign. Following the reserved slot, Katz was placed fifth in the simulated party slate.

Sharp differences between registered party members and Likud voters were also evident at the top of the rankings. Knesset Speaker Amir Ohana led among party members with 73%, followed by Tally Gotliv with 70% and Boaz Bismuth with 69.2%.

Ohana also led among loyal Likud voters, but Nir Barkat ranked first among wavering voters and those who have left the party. Gotliv and Shlomo Karhi performed better among the registered party base, while Barkat, Yariv Levin, and Miki Zohar enjoyed greater support among the broader Likud electorate.

The divide continued in the contest over who should succeed Netanyahu. Ohana was the preferred successor among registered party members, with 22.9%, while Barkat led among Likud voters with 19%. Among party members, Gotliv ranked second with 15.6%, while Barkat was only fourth with 10.8%.

Party members want a fully right-wing government, voters more open to unity

The differences were even clearer when respondents were asked about the composition of the next government. Some 66.1% of registered party members said they would prefer the next coalition to be a “fully right-wing government,” compared with 45.1% of Likud voters.

Conversely, 54.9% of Likud voters preferred a unity government with the center-right, compared with only 33.9% of registered party members.

The researchers said these findings, together with the differences in preferences for individual politicians, help explain the strategic importance of reserved slots as a tool for broadening Likud’s electoral appeal beyond its registered membership base.

On the issue of military conscription, however, the picture was different. Clear majorities in both groups supported increasing the proportion of people enlisting in the IDF, even at the expense of Torah study and at the risk of a coalition crisis. The proposal was supported by 66.8% of registered Likud members and 80.4% of Likud voters.

The poll was conducted by Dr. Nimrod Nir of the Agam Institute between August 6 and 10 among 1,062 Likud members eligible to vote in the party primary, alongside more than 1,000 Likud voters.

This post was originally published on here. 

Recent political developments in the United States, including several closely watched primary elections, have prompted questions among Israeli business leaders about the future of the US-Israel relationship. 

In the days following the Senate primary in our home state of Michigan, we’ve been asked outright, “Is Michigan turning away from Israel?”

The concern is understandable, but it mistakes a political headline for the reality of a decades-long economic partnership.

As the leaders of the organization that has spent more than two decades building the bridge between Michigan and Israel, this reading gets the story backward. The economic, technological, and personal relationships that bind our two economies do not rise or fall with any one election cycle.

For decades, Michigan has been one of Israel’s most committed partners, and that relationship has never been defined by who wins a given race. We’ve built ties deliberately, one partnership at a time, with businesses, universities, entrepreneurs, investors, and civic leaders who recognized early that our two economies have complementary strengths.

Abdul El-Sayed, winner of the Michigan US, Democratic Senate primary, waits with Curtis Hertel, Chair of the Michigan Democratic Party, before a press conference in Detroit, Michigan, US August 5, 2026.  (credit: REUTERS/REBECCA COOK)

Michigan is the global capital of mobility innovation, with world-leading depth in automotive and autonomous technology, electrification, advanced manufacturing, artificial intelligence, cybersecurity, defense, healthcare, and industrial automation. Those sectors connect directly with Israel’s innovation strengths.

Michigan’s research universities, engineering talent, manufacturing capacity, venture capital base, and concentration of Fortune 500 headquarters give Israeli companies an exceptional gateway to the North American market, just as Michigan-based companies increasingly look to Israel for the next wave of technology and talent.

We see the human side of this relationship every day.

For more than two decades, the Michigan Israel Business Accelerator has served as the trusted bridge between our two innovation ecosystems.

More than 100 Israeli companies have landed in Michigan through initiatives like The Elevator, one of the only landing zones in the United States dedicated to Israeli company growth, while Israeli innovation and activity in Michigan have generated some $45 million in economic activity.

We have facilitated trade missions from Michigan to Israel involving over 200 corporate and community leaders, and connecting thousands of entrepreneurs, investors, academics, and public officials along the way.

Introductions become partnerships, and partnerships become investments. And often, investments turn into friendships that outlast whichever administration happens to be in office when they began.

The results are visible on the ground: Israeli technology now runs inside Michigan auto plants and on Michigan farms, powers new EV-charging infrastructure on Detroit streets, and is entering clinical trials with local hospitals.

American federalism guarantees politics stay out of business ties

Those calls were made by leaders in various segments, including manufacturers, utilities, agriculture, finance, and health systems.

There is a basic fact about American federalism that is easy to miss from abroad: individual states function as powerful engines of continuity, sustaining international relationships that outlast the swings of national politics.

Business leaders make decisions based on opportunity, talent, legal certainty, and trusted partners, not on primary results, and Michigan continues to deliver on every one of those measures.

Its rule of law is strong, its universities remain open to Israeli collaboration, its economic development institutions remain committed to international investment, and its private sector remains eager to build.

Israeli executives weighing expansion into North America should meet this moment with perspective rather than hesitation. Political headlines change quickly; business fundamentals change far more slowly.

For companies seeking customers, manufacturing capacity, research partners, or capital, Michigan remains one of the most welcoming and productive environments in the United States, and that has not changed because of one primary result.

The Michigan-Israel relationship has weathered economic cycles, technological revolutions, geopolitical shocks, and changing governments on both sides of the ocean because it rests on mutual benefit, personal trust, and a shared conviction that innovation creates prosperity.

Political rhetoric and media coverage shape public perception, and we don’t dismiss that. But the commercial relationship we work in every day runs on different terms: jobs, capital, research partnerships, and supply chains built over years, not headlines from any single week. Those fundamentals haven’t shifted.

Michigan is not turning away from Israel. If anything, we are more engaged than ever. More companies. More partnerships. More investment. That’s how this relationship has always grown, and that’s how it will continue to grow.

Mark Davidoff is the CEO of the Michigan Israel Business Accelerator and president and CEO of The Fisher Group, the family office of Max M. and Marjorie S. Fisher. He is also the past chair of the board of the Detroit Regional Chamber of Commerce.

Howard Handler is chair of the Michigan Israel Business Accelerator and an enterprise leader, board director, and strategic adviser. He most recently served as president of 313 Presents, Detroit’s premier live entertainment company.

This post was originally published on here. 

As artificial intelligence changes how real estate data is accessed, analyzed and deployed, two of the nation’s largest MLS leaders say the industry needs to rethink the infrastructure governing that data — and give brokerages far more visibility into how their information is being used.

During a discussion at HousingWire’s AI Summit, NorthStar MLS CEO Tim Dain and California Regional MLS CEO Art Carter outlined work underway to create a more granular data-governance model designed for an AI-driven industry.

Governance does not mean total control

For Dain, the distinction between governance and control is important. “I don’t like the word control because I think if any of you work with MLS data, which I’m assuming most of you do at some level, I think a lot of people look at us with a little bit of hatred because we probably force too much control and too many rules onto the industry,” Dain said.

Instead, he said the industry needs infrastructure that can identify who is using data, for what purpose, where it is being displayed and under what terms.

“It’s not really about the MLS controlling it as much as it’s about building an orchestration layer based on the proper entitlements, the proper authentications and the proper utilization and deployment of the data,” Dain said.

Carter said the issue has become increasingly important as brokerages seek greater authority over the data they contribute to MLS systems.

“So much of it is noise, and that noise can be pretty distracting,” Carter said of the debates taking place across the industry. “But really, the basis for all of that noise is really about brokers wanting to have greater control of their data and greater granularity of where it goes, how it goes there and, you know, what elements are going out the door.”

Most MLSs don’t currently have the infrastructure to provide that level of granularity, Carter said. CRMLS and NorthStar MLS have been working together on the issue for roughly 16 months.

Moving beyond traditional access controls

Dain said the effort involves moving beyond traditional role-based access systems and toward a model in which entitlements can be established at the field and record level.

That becomes particularly important as AI agents increasingly act on behalf of individual users. “Everybody’s going to have their own AI agent whether they know it or not,” Dain said. “If you bought one of these, it’ll probably just be built in and it’ll be transparent to you, but you’ll have an agent acting on your behalf.”

Carter said AI has accelerated the need for MLSs to recognize themselves as data companies. “MLSs are fast coming to the realization that we’re data companies,” Carter said. “And that realization comes with some responsibilities on how we manage that data.”

Traditional MLS policies were designed to apply broadly across participants, he said, but that approach may not provide enough flexibility for a market in which brokerages have different business models, technology strategies and approaches to AI.

“Policy, when it’s made, has got to be broad enough to handle everyone,” Carter said. “And that’s not really going to handle things in the new world with AI.”

For Dain, the answer is a policy engine capable of incorporating federal requirements, such as fair housing laws, state statutes, MLS rules and brokerage-specific business rules — and making those policies machine-readable and machine-enforceable.

Such a system could also make it easier for brokerages to authorize data access for mortgage companies, title companies and other partners rather than relying on complicated agreements governing each relationship.

“The entire ecosystem has to function off of that data,” Dain said. “So the brokerage needs the right abilities to grant the right entitlements to the right partners that it uses.”

Keeping brokers in the cooperative

Carter sees another risk if the industry doesn’t solve the governance problem: Brokerages could become less willing to contribute their data to the MLS ecosystem.

“MLS data is the oil that helps this industry run,” Carter said. “And there’s this real threat of the brokerage community in many cases taking their ball and going home.”

Maintaining the cooperative model is critical because MLS data ultimately feeds far more than real estate search, Carter said. It plays a role across the housing ecosystem, including property valuation and mortgage.

“Keeping that cooperative going and keeping as much of the data as possible in that cooperative for dissemination out to all the different elements in the industry is very, very important,” Carter said.

Dain believes a more sophisticated governance system could eventually change the economics of that cooperative as well.

He described a potential “charge for extraction, reward for contribution” model that would track who contributes data to the MLS ecosystem and who extracts value from it.

Under one hypothetical model, a brokerage contributing a complete listing with broad distribution rights could receive a full credit, while a listing entered after closing solely for comparable-sale purposes might receive only partial credit.

The concept could ultimately extend beyond listing data to leads, buyer information and other datasets contributed by companies throughout the housing ecosystem.

“Your interactions are metered and your contributions are rewarded and your extraction is charged for equally across the board, not to overpenalize anybody,” Dain said. “But if you’re a mass extractor, you should pay a lot more so that we can funnel the money back to the contributors so that they’re incentivized properly to continue contributing the data.”

AI is already creating data-governance problems

For Carter, this isn’t a theoretical problem waiting for the next generation of AI technology. He recalled visiting a brokerage office where 10 out of roughly 50 people said they were already uploading MLS data into Anthropic’s Claude.

“They are uploading MLS data into Claude with no governance whatsoever,” Carter said.

Rather than trying to prevent brokers and agents from using these tools, Carter believes MLSs need to create an environment in which they can use them while protecting the underlying data. “I don’t have to control the sandbox, but I do need to make sure that I do provide those opportunities for our brokers and agents to successfully do what it is that they’re going to be doing in this new world,” Carter said.

Dain warned that failing to establish those guardrails could ultimately leave the real estate industry paying companies for intelligence generated from the industry’s own data. “We’re in a position that if we don’t do this, we’re going to be buying back the intelligence created from our own data,” he said.

The growing ability of AI to perform functions traditionally handled by licensed professionals adds another layer of urgency.

Carter said California’s Department of Real Estate has indicated that brokers are ultimately responsible for their use of AI, but questions remain about what happens when AI itself begins providing real estate advice.

“AI is increasingly inserting itself into licensed activity, probably on the mortgage, the origination side and on the real estate side,” Carter said. “And, you know, that’s just the gray area that most states have no clue how to deal with.”

Governance as a path to innovation

Despite those concerns, both executives framed better governance as a way to expand access to MLS data rather than restrict it.

Dain said a properly governed system could ultimately make data available to a much wider range of companies, developers and potentially consumers because permissions and usage rules could be enforced at the technology level. “Governance makes innovation safe enough to scale,” Dain said.

His advice for companies developing their own AI strategies is to begin with the data rather than the product.

“First understand what data is being accessed. What use case is that data producing? Should it be governed and controlled? And how do you deploy it safely?” Dain said. “Those are your first answers. And if you can’t answer those questions, then you don’t have an AI strategy yet.”

Carter said MLSs aren’t inherently opposed to expanding access to their data. The problem is that the industry’s current governance mechanisms weren’t designed for the speed, scale or complexity of AI.

“Believe it or not, the MLS industry does want to give you access to its data,” Carter said. “The problem is, is the only governance method we have right now is a piece of paper, and once it goes out the door, we don’t know what it’s doing going out the door.”

Solving that problem, he believes, could fundamentally change the relationship between MLSs, brokerages, technology companies and the rest of the housing industry.

“I think that once we figure this piece of it out and that deliverable through the large language models,” Carter said, “we’ll be in a great, great place for everybody in the industry.”

This article was written by Tracey Velt with the assistance of HousingWire Automation, then reviewed by a HousingWire editor before publication.

This post was originally published on here. 

Newrez has agreed to pay $15.5 million to resolve a multistate examination that found the mortgage servicer improperly charged some borrowers for lender-placed insurance despite having evidence of existing homeowners insurance, according to a settlement agreement signed Wednesday.

The settlement agreement, reached with state mortgage regulators in 46 states and the District of Columbia, includes $9.9 million in administrative penalties, $1.09 million in administrative costs and $4.51 million in consumer relief that Newrez has already paid.

The New York State Department of Financial Services said in a release on Wednesday that Newrez has returned $409,026 to affected New York borrowers and will pay a $602,226 penalty.

“The Department is committed to protecting consumers and holding institutions accountable for their responsibilities to New Yorkers,” Acting Superintendent Kaitlin Asrow said in a statement. “I thank our partner agencies from across the nation for working with us on this multistate enforcement action.”

The examination, initiated in January 2022, covered Newrez’s mortgage servicing activities from Nov. 1, 2020, through Oct. 31, 2021. Regulators found instances of noncompliance with the Real Estate Settlement Procedures Act (RESPA) and Regulation X requirements governing lender-placed insurance.

“Newrez is pleased to resolve this matter with the MMC, which relates to issues identified several years ago that have since been addressed, including through remediation provided to affected borrowers,” the company told HousingWire.

“Newrez cooperated at all times with the investigation, put in place enhanced and forward-looking measures to address potential regulatory or consumer concerns, and appreciates the engagement and collaboration with its regulatory partners throughout this matter. We remain committed to serving our homeowners and partners with the high standards they expect.”

Force-placed insurance, also known as lender-placed insurance, can be obtained by a mortgage servicer when a borrower does not maintain required homeowners insurance and can be used when a policy is canceled, lapses or provides insufficient coverage. The coverage usually costs borrowers more than if they were to obtain their own insurance coverage.

The regulators said Newrez’s practices resulted in consumer harm totaling about $4.5 million. The settlement agreement says Newrez has already remediated all borrowers affected by the issues identified in the examination and subsequent audit.

Newrez neither admits nor denies wrongdoing or violations under the settlement agreement. But as part of the agreement, Newrez must conduct an additional self-audit of lender-placed insurance fees collected or refunded on newly boarded loans in participating states from Jan. 1, 2023, through the effective day of the agreement, according to the settlement agreement.

If the audit identifies borrowers who paid premiums or fees for improperly placed insurance, Newrez must refund the full amount they paid.

The company must also provide regulators with quarterly updates on its remediation efforts until affected consumers have been made whole, and it must implement enhanced servicing standards and conduct monthly testing of newly boarded loans with lender-placed insurance for one year. The testing must determine whether borrowers had valid homeowners insurance when lender-placed insurance was assessed.

If more than 5% of the loans tested contain errors, Newrez must report the failure to an executive committee representing participating state regulators and take corrective action.

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