FIRST ON FOX: In the heart of Manhattan, at the corner of Broadway and West 43rd Street, a massive new billboard is sending a provocative message to New York leadership: “Thanks for the jobs!”

As America faces what business leaders call a historic choice between free enterprise and expanding government control, Florida is taking the ideological fight directly to the doorstep of Democratic socialism. 

Armed with a $1.8 trillion economy and record-breaking wealth migration, the Florida Chamber of Commerce has officially launched a Times Square campaign naming New York City Mayor Zohran Mamdani Florida’s “Economic Developer of the Year” — a reminder, according to the Chamber, of how progressive taxes and socialist policies are driving wealth, businesses and families to the Sunshine State.

“We wanted to thank him for the jobs, the companies, the people that they’re pushing out of New York — and a lot of them are coming to Florida,” Chamber CEO Mark Wilson first told Fox News Digital on Monday.

“America is at a crossroads right now. I think everyone that’s paying attention knows that our country was built on freedom and free enterprise and people having the liberty to make their dreams come true,” he said. “And there’s a push in our country right now to take those liberties away and to attack free enterprise. And that’s never worked anywhere, and it won’t work in America.”

FLORIDA STOCK RISING: HOW IT BECAME WORLD’S 14TH LARGEST ECONOMY AS BLUE STATES CONTINUE A ‘DEATH SPIRAL’

“What Mayor Mamdani is doing is dangerous for the country, right? It’s bad for New Yorkers. It’s bad for New York. It’s very harmful for the country,” Wilson continued. “We can choose free enterprise, which is what America was built on, or we can choose to destroy that, which is what the social[ist] policies do… And so, what we’re hoping happens from this campaign is that we refocus America on free enterprise.”

In addition to putting the onus on Mamdani, the Chamber’s campaign highlights its argument that lower tax rates yield higher total state revenues by incentivizing growth, while blue-state tax hikes trigger a tax-based exodus. According to the Chamber, citing IRS migration data, Florida gains approximately $2.4 million in net taxable income every hour, while New York loses approximately $1.1 million per hour. The Chamber also says Florida gains a net 551 residents daily, compared to New York losing 115 residents daily.

According to the Chamber’s press release, New York’s state budget is more than double Florida’s, and New York City’s municipal budget alone is more than $8 billion higher than the entire Florida state budget.

“What do people like Mayor Mamdani do? They want to then increase taxes on the people who are left, which just further accelerates people leaving places like New York,” Wilson explained.

“Florida’s lowered taxes over 50 times in the last 15 years. And we have record revenues coming in because people want to be here. And when the economy grows, tax revenues grow. That’s how free enterprise works,” Wilson said.

“The socialist agenda sounds crazy because it is crazy, right? ‘Free Enterprise Florida’ is a way to highlight what happens in states like Florida — when we focus on less tax, less government, more freedom, more liberty — and what happens in places like New York when they increase taxes and regulation,” the CEO added. “So this is an opportunity for people in New York and people across the country to say, ‘Hey, we have a choice to make here.’”

“What we’re really trying to do here is remind people that America is an experiment. It’s 50 states competing for where do we take America going forward? And I think if you look at the scorecard of how Florida is doing compared to how New York is doing, we want to help New York follow in Florida’s footsteps.”

According to Wilson, Florida is not seeking to tear down New York or “spike the football,” but rather wants every state to succeed by embracing free-market principles to boost overall U.S. GDP growth.

“Even though Florida is winning right now, we’re not looking for New York to lose. We’re hoping that these other states will say ‘no’ to this move towards socialism and say ‘yes’ to the very policies that our country was founded on,” he said. “This isn’t about spiking a football or looking at the scoreboard about Florida versus New York. This is really about trying to save our country from crazy.”

“We’re in a big competition with every other state, but it’s a competition for ideas. And we’re trying to highlight to the country that free enterprise wins every single time. It’s what’s best for customers, it’s what’s best for job creators. And if we focus on it in America, we can get back to that three-plus percent GDP growth, which is what our country really needs,” Wilson noted.

Mayor Mamdani’s office did not immediately respond to Fox News Digital’s request for comment.

Wilson also outlined future targets for the “Free Enterprise Florida” campaign beyond Manhattan while highlighting decades of bipartisan and conservative governance that built Florida’s modern economic engine.

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“We had to start in New York City because the mayor of New York City, obviously, is pushing that community into a direction that it’s not good for the people who live there,” the CEO said. “But there’s several runner-ups for this. When you look at Chicago, when you look at California, Minneapolis, there’s places all over the country that come in a close second to the movement in New York City. So we’re gonna continue to highlight what works.”

“Our country is celebrating 250 years this year, and it has a lot to do with our freedom, our faith and our free enterprise,” Wilson said. “And I think if we can focus on free enterprise for the next few years and make that what we base our decisions on, then this country can grow at 3% GDP, and we’ll once again get back on the track that we need to be.”

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Data released by the Israeli security establishment on Monday revealed a significant 63% increase in nationalist crime in the West Bank during the first half of 2026 compared to the same period in the previous year, Israel’s public broadcaster, KAN News, reported.

In total, some 660 incidents were recorded in the first half of 2026, up from 405 in the second half of 2025 and 440 in the first half of 2025.

The report also indicated that the number of deliberate attacks against security forces rose significantly, with 45 incidents reported in the first half of 2026, compared to 30 in the second half of 2025, marking a 50% increase in violence directed at security personnel.

The rise in violence was also reflected in the number of Palestinian casualties. During the first half of the year, 140 Palestinians were wounded, and six were killed, compared with 82 wounded and no fatalities during the previous six months.

The figures mentioned do not account for incidents recorded in July. According to data from the security establishment, around 100 additional incidents of nationalist crime were reported in July alone, indicating that the upward trend persisted into the second half of 2026.

(Illustrative) A Palestinian man stands next to a burnt car after an attack by Israeli settlers in Kafr Malik, in the West Bank, June 26, 2025. (credit: REUTERS/Ammar Awad TPX IMAGES OF THE DAY)

IDF increased deployment to combat violence

The data was released amid increasing public and international concern about the rise in violence in the West Bank.
Last month, the IDF increased its deployment across the West Bank to 26 battalions, adding two battalions amid the sharp escalation in Palestinian terrorist attacks and attacks from settlers.

The reinforcement followed Prime Minister Benjamin Netanyahu’s order to increase troop deployments, additional checkpoints, and expanded counterterrorism operations following Security forces arrested more than 70 terror suspects across the West Bank the day following the deadly shooting near Gilad Farm.

Rabbi Brander speaks out against West Bank violence

Rabbi Dr. Kenneth Brander from Ohr Torah Stone commented on the recent uptick in West Bank violence on Monday following the Israel security establishment report’s release.

“This violence committed by Jewish extremists is deeply disturbing and demands a clear moral response from Jewish and Israeli leadership. There is no justification, religious or otherwise, for attacking innocent people because of their identity,” he stated.

“Such acts violate the most fundamental principles of Jewish law and undermine the values that should guide our society and democracy,” he added.

“Jewish leaders, educators and rabbis have a responsibility to speak clearly and without hesitation. Condemning this violence is not about weakening Israel or ignoring the very real threats facing our country.

It is about reaffirming the Jewish values of justice, human dignity and responsibility that must remain at the heart of the society we are building,” he continued.

Jerusalem Post Staff and Sarah Ben-Nun contributed to this report.

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The Food and Drug Administration has rejected a radiopharmaceutical therapy due to manufacturing issues, halting what would have been a competitor for Novartis. 

The drug, ITM-11, had been developed by ITM Isotope Technologies Munich SE, a long-standing player in the field. Radiopharmaceuticals are an emerging type of treatment designed to shoot radioactive isotopes directly at tumor cells. 

ITM’s therapy was designed to treat gastroenteropancreatic neuroendocrine tumors, or GEP-NETs, a rare type of cancer that grows in the pancreas, stomach, small intestine, and other parts of the gastrointestinal system. ITM reported in March 2025 that patients with the earliest forms of this cancer who received ITM-11 infusions lived for 23.9 months without their tumors growing. Meanwhile, patients taking another treatment on the market, everolimus, went a median 14.1 months before their cancer progressed. 

Continue to STAT+ to read the full story…

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The second-quarter earnings season for S&P 500 companies is almost finished, and a new analysis shows that most firms have outperformed market expectations.
Wall Street has brushed aside a string of headwinds this year—from the war in Iran to renewed price pressures—and kept climbing. Despite a few bumps along the way, the stock market sits at or near record highs, and recent numbers suggest it is not entirely driven by artificial intelligence.
As of Aug. 7, 88 percent of S&P 500 companies have reported earnings. Of these firms, 86 percent have beaten market expectations, according to FactSet data.
This is above the five- and 10-year averages of 78 percent and 76 percent, respectively….

This post was originally published here. 

Across much of the country, the fastest way to kill a data center is to announce one. Residents pack zoning hearings, county commissioners impose moratoriums, and developers face months or years of delays. In West Texas, landowners have noticed — and they are selling the one thing suburban America cannot offer: nobody nearby to complain.

That is driving a new land rush across the Permian Basin. Large ranch and mineral owners are actively marketing acreage to artificial-intelligence developers, pitching isolation itself as an advantage. A massive computing campus built on thousands of acres of scrubland can avoid neighborhood opposition, reduce fights over power infrastructure and give developers room to build their own generation.

The backlash they are capitalizing on has become a major obstacle for the data-center industry. Communities across the U.S. are pushing back over electricity demand, water use, noise, transmission lines and the impact on local utility bills. Every zoning fight or lawsuit matters because AI companies are racing to secure power and bring new computing capacity online as quickly as possible.

The Permian Basin solves several of those problems at once. It sits on enormous natural-gas resources, giving developers access to fuel that can support around-the-clock electricity generation. Companies are increasingly considering building power plants directly beside data centers instead of waiting years for connections to the public grid.

West Texas also offers something increasingly difficult to find elsewhere: huge stretches of relatively inexpensive, contiguous land with few nearby residents.

Texas Pacific Land Corp. is one of the biggest beneficiaries. The company controls roughly 882,000 surface acres across 22 Permian Basin counties. For generations, its business centered on oil royalties, land and water. It is now positioning part of that enormous footprint for digital infrastructure and has invested in a partner focused on developing data-center projects.

LandBridge, another major Permian landholder, has also moved into the market. The company controls roughly 220,000 acres and signed an agreement giving developer PowerBridge the option to lease about 3,400 acres in Reeves County for a project capable of supporting up to two gigawatts of power generation.

Other projects being discussed across the region are even larger. A proposed Pecos County development has been sized at as much as 7.65 gigawatts, while CoreWeave and Poolside are developing AI infrastructure on more than 500 acres of Texas ranchland.

For ranch owners, the opportunity resembles the shale boom — but the contracts are different.

The value of a data-center lease can depend on who controls electricity interconnection rights, who pays for substations and transmission, what happens if promised power does not arrive and whether the agreement allows the tenant to dramatically increase its electricity needs later.

West Texas also has an unusual complication: surface rights and mineral rights are often owned separately. A landowner may lease acreage to a data-center developer while another company still retains the legal right to drill for oil or gas beneath the same property.

The isolation that makes the Permian attractive can also mean less public scrutiny. Large industrial projects capable of consuming enormous amounts of fuel, electricity and water may face considerably less organized opposition than similar developments near Dallas, Phoenix, Atlanta or Northern Virginia.

The bigger story is no longer simply that AI companies need more data centers.

It is that America’s growing resistance to those facilities is beginning to determine where the AI economy physically gets built — pushing billions of dollars in infrastructure toward places like West Texas that already have energy, land and a century-long history of welcoming heavy industry.

JBizNews Desk | Midland, Texas

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A Tel Aviv District Court judge on Monday ruled that Likud’s top internal court had exceeded its authority in a dispute over the rules for the party’s upcoming primaries.

The case centered on a narrowly approved change that would allow serving MKs and ministers to compete for district slots on the Likud’s Knesset list, a move the party tribunal later ruled could not stand.

The case was brought by Likud MK Afif Abed, who is seeking to overturn the internal tribunal’s decision ahead of the party primaries, which had been set for August 17.

The dispute is complicated by the way Likud builds its Knesset list.

Prime Minister Benjamin Netanyahu, as party chairman, is placed first on the slate. Registered Likud members vote for candidates on the national list, while candidates can also compete for positions reserved for geographic districts. Those names are combined with slots reserved for certain groups and candidates chosen by the party chairman.

Osnat Mark casts her vote at a polling station during the Likud party’s internal elections in Jerusalem, July 27, 2026.  (credit: CHAIM GOLDBERG/FLASH90)

Serving ministers were barred from competing through the district route

Where each category appears is determined ahead of each election through temporary regulations.

Under the framework debated before this year’s convention, serving ministers, deputy ministers and MKs were barred from competing through the district route. A proposal backed by Likud Central Committee chairman Haim Katz and Netanyahu sought to change that.

On July 27, Likud Central Committee members voted on three proposals shaping the primaries. All three passed, including one giving Netanyahu eight reserved positions on the Knesset slate and another allowing serving MKs and ministers to compete in district races.

The latter passed by only a handful of votes, and challenges followed almost immediately.

MK David Bitan alleged serious irregularities in the vote. The dispute eventually reached the Likud’s highest internal judicial body, which ruled that serving MKs and ministers could not run in the district races. Abed then brought that ruling to the Tel Aviv District Court.

At the outset of Monday’s hearing, Shaked focused on whether a civil court should intervene at all. Courts do not normally act as appeals courts over a political party’s internal tribunal, he said, except in unusual cases such as where the tribunal is alleged to have acted outside its authority.

Abed’s attorney, Guy Busy, argued that this was such a case.

His argument was not simply that the tribunal had reached the wrong conclusion, but that it had imposed a result it had no power to impose. If serious defects are found in an election, Busi told the court, the accepted solutions are to cancel the vote or order a new one.

The tribunal could not, he argued, effectively declare that the losing side had won without first establishing that the result itself was invalid.

Shaked repeatedly pressed the lawyers on that point: Had a majority of the Likud tribunal actually found the alleged irregularities serious enough to invalidate the July vote?

According to Shaked’s reading of the internal judgment, only tribunal member Yitzhak Bam had concluded that the voting defects themselves justified throwing out the result. The other four members had not made such a finding.

That left another issue at the center of the tribunal’s ruling: equality between candidates.

Section 139 of the Likud constitution describes party elections as personal, general, equal, direct and secret. Those defending the tribunal’s decision argued that allowing incumbent MKs and ministers into the district races undermined equality because they enter with advantages ordinary district activists do not have, including greater public exposure and access to publicly funded resources.

Shaked questioned that reading. He said the provision appeared to deal primarily with equality among voters, rather than requiring candidates to begin a race from equal positions.

Attorney Yair Gabay, one of the respondents, argued that the issue was whether public resources were available to one group of candidates and not another.

He also said the districts had long functioned as a route for party activists, who had prepared for the race on the understanding that incumbent politicians could not enter.

Shaked pushed back, noting that the Likud constitution does not expressly state that MKs or ministers may not compete in the districts.

The hearing then turned to the scope of the tribunal’s authority.

Broad power to hear disputes involving party members

Sections 124 and 125 of the constitution give it broad power to hear disputes involving party members and institutions. But Shaked pointed to Section 126, which appears to prevent the tribunal from determining the movement’s policy.

He asked why deciding who may compete in the districts was not, at its core, a policy choice for Likud itself.

Likud attorney Ilan Bombach, who opposed the tribunal’s judgment, made a similar argument. He said the tribunal had been involved in shaping and approving the primary rules before the convention vote and could not then, after the result was known, use its judicial authority to decide how the party should structure its slate.

Gabay argued in response that the tribunal’s mandate also includes protecting the interests of the movement and district candidates who had prepared under the existing rules.

The respondents also insisted that the alleged irregularities surrounding the July 27 ballot could not be separated from the result.

Bitan’s attorney, Yifat Meirovitz-Yefet, pointed to claims involving observers, missing ballots and invalidated votes. Other respondents argued that missing envelopes meant a recount could not resolve the problem and that a fresh count was no longer realistic given the timetable.

Shaked, however, repeatedly distinguished between evidence that irregularities may have occurred and a finding that they justified invalidating the result. He said he could not identify a majority of the tribunal that had made the latter finding.

Busy responded that even if defects were proven, that still did not answer the question of remedy. A faulty election could be rerun, he argued; it did not follow that a judicial body could substitute the losing outcome for the winning one.

Busy also offered a narrower way to end the case: If Abed were permitted to compete in the Galilee and Valleys district, he said, Abed would withdraw the lawsuit. No agreement was reached.

The question left for Shaked is therefore not simply whether serving MKs and ministers should be allowed to run in district races, but who within Likud had the authority to decide that question and whether the party tribunal crossed that line after the vote.

The hearing ended without an oral ruling. Shaked said his judgment would be delivered to the parties.

Keshet Neev contributed to this report.

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By mid-morning on Saturday, the alleys surrounding Cafe Basimta were filled with haredi Orthodox demonstrators protesting the cafe’s decision to open on Shabbat.

It was the sixth consecutive Shabbat that the small cafe off Agrippas Street had faced demonstrations, with no sign of change.

Israeli police were out in full force after demonstrators broke through the barricades last weekend.

Shabbat cafe becomes flashpoint in Jerusalem tensions

Close to 100 restaurants, bars and coffee shops in Jerusalem open on Shabbat, according to Laura Wharton, a Jerusalem city council member from the Democrats party who founded Shabus, a cooperative that runs buses on Shabbat. Only one, Basimta, has drawn a crowd.

Basimta, which opened at the end of May, is new, Wharton said, whereas the others have been open for decades. The cafe sits near what she called the undeclared border between the city’s haredi neighborhoods and the rest of the city.

Ultra-Orthodox protesters outside of the Basimta cafe on Saturday, July 4, 2026. (credit: Screenshot/X/@afdirohak)

Agrippas Street runs along the Mahane Yehuda market, where almost every business closes for Shabbat. The cafe also opened its doors during the period when haredi yeshivas are on break, so teenagers who make up the bulk of the protestors have more free time to demonstrate.

“There have been weeks when the average age was probably about 16 there,” Wharton said..

The cafe is not only a flashpoint in the long-running fight between secular and religious Israelis over the character of the holy city. It has become the most visible front in a hot summer of protests and riots across Jerusalem, over a light rail line and extending forced army conscription to yeshiva students, both opposed by the Haredi community.

Haredi protests extend beyond Shabbat observance

For six years, hardline haredi demonstrators who say the light rail was planned without accounting for the community’s sensibilities have fought construction through Bar-Ilan Street, a haredi thoroughfare, breaking into work sites and pulling down fencing. The vandalism and delays have cost an estimated 400 million shekels.

The light rail project is going ahead despite years of obstruction, Wharton said, and Saturday is the one day there is no work at the site to disrupt, freeing up protesters to target the cafe.

Nationally, 44% of Israeli Jews identify as secular and 16% as haredi, according to figures provided to the Jewish Telegraphic Agency by the Jerusalem Institute for Policy Research. That breakdown is vastly different in Jerusalem, where among the city’s Jewish residents, 46% identify as haredi and 25% as religious-Zionist, while 13% identify as secular, according to the institute.

That arithmetic, which speaks to the struggle over the city’s identity, is what non-haredi Jerusalemites say is really at stake in an alley off Agrippas Street.

Avi Dabush, a rabbi who directs Rabbis for Human Rights and is running for the Knesset as part of the left-wing Democrats party, said the cafe was symbolic of the larger national issue.

“It’s kind of an example for the battle that we are doing about the identity of Israel right now,” said Dabush, who was raised in the religious-Zionist school system. He was there on Saturday along with Yair Golan, who leads the Democrats party, for whom the cafe has become an issue ahead of the Oct. 27 election.

“We are in the midst of elections,” Dabush said. “So it’s part of it.”

Confrontations grow increasingly aggressive

Outside Cafe Basimta Saturday, demonstrators took turns screaming at each other in the alleys. The haredi teens, dressed in their black Shabbat best, yelled “One who desecrates the Sabbath, his sentence is death,” a verse from Exodus. They also shouted “stop destroying Jerusalem,” while at other times they gathered in circles to sing Shabbat hymns.

Secular Israelis shot back with a slew of chants, of which “enlist!” appeared to be the most popular. They also shouted, “Only cowards send children,” and carried signs reading “Haredim for our coffee,” a play on a Hebrew word that means both ultra-Orthodox and devoted.

Haredi children followed and tried to defend older members of the community during altercations. Lior Leon, a Jerusalem tour guide, blamed the adults. “The problem is not the kids; they push them,” he said.

The confrontations have grown more aggressive since the protests began in early July. Before dawn on July 25, someone threw a bag of feces at the entrance, and on Thursday, Israel Police announced the arrest of a 15-year-old boy.

On Saturday, the JTA reporter at the scene was spat on by a demonstrator, as were other journalists, and Orthodox residents of the buildings lining the alley threw bags of water down at counter-demonstrators until police shouted a warning that they would be arrested.

Israel Police said in a written statement to JTA that officers acted where they identified people “attempting to instigate violence or disrupt public order.”

Dispute over Basimta’s Shabbat opening

Cafes and restaurants are granted an exemption from the city’s prohibition on businesses opening on the Shabbat. Yohanan Weitzman, a Jerusalem city council member from the haredi Agudat Yisrael faction, told JTA that there was an unwritten status quo governing which businesses and cafes open in the city, which Basimta had violated. It “is not the desire of either party, but it is a necessary compromise to prevent conflicts,” Weitzman said.

There has been widespread violation of those agreements and a failure to enforce municipal bylaws, he said. Opening the cafe was “the straw that broke the camel’s back.”

The protests are organized by the Committee for the Sanctity of Jerusalem, which acts for the Edah HaChareidis, the anti-Zionist body that includes some of the city’s most militant Hasidic groups. Demonstrators are summoned by pashkevilim, the broadsheet notices pasted on walls in haredi neighborhoods with the time and place of each week’s protest.

Haredi groups who are more involved in Israeli society have been unsettled by the protests. “I am strongly opposed to any kind of violence,” Eliezer Rauchberger, the deputy mayor who heads Jerusalem’s Degel HaTorah faction, the Lithuanian stream that sits in Mayor Moshe Lion’s coalition, said in a written statement. Asked which haredi groups were organizing the protests and which rabbis stood behind them, he declined to answer.

One haredi demonstrator, who asked to be identified only by his first name, Avraham, told JTA the protests would not stop until the cafe closes. “We want it gone,” he said. “It is desecrating our Sabbath.”

Wharton said a Supreme Court ruling exempts entertainment, food service and sports from the city’s Shabbat closures, which is why three of Jerusalem’s four cinemas and its municipal swimming pools operate on Saturday. Basimta, she said, is running legally.

The cafe’s ownership by a sect of Jews who have embraced Christian beliefs has also stirred some opposition. Or LeAchim, an anti-missionary organization, told JTA it is pursuing municipal channels to have Basimta shut, arguing it lacks a valid business license. Wharton said the only substantive complaint concerned tables and chairs placed outside without a permit, and that the furniture has since been brought inside.

Yoel Ben David, who runs the cafe, told JTA in July that the municipality and police had been “incredibly supportive,” and that city officials asked him to bring the tables in as a compromise, which he accepted.

Wharton said the effort to shut the cafe had backfired. Basimta has been doing record business, boasting lines of customers from the moment it opens until it closes.

Ben David is a member of the Jews for Jesus community, which owns and operates the cafe, as JTA reported last month. The revelation cost him support from some Israeli institutions, but it has not thinned the crowds, and demonstrators told JTA it is not what they care about.

For Liora Bamberger, who lives in one of the high-rise buildings encircling the Basimta courtyard, the fight has taken away the one quiet morning of her week.

“The only day in the week that we have a little bit of quiet,” she said, before pausing. “Not anymore.”

Bamberger, who observes Shabbat, said the cafe should be allowed to open and that she did not expect this to end well. “When you have extremism, it’s not gonna end,” she said. “It’s gonna be a boom.”

Asked whether she found common ground with the demonstrators, she said she found it with everyone.

“This is the problem.”

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For decades, the basic equation in Israeli-Indian defense relations was straightforward. Israel had the military technology, expertise, and weapons that India wanted, and India had one of the world’s largest defense markets.

In 2026, however, that equation is changing.

A new 42-page investigation by Amnesty International, Made in India: The Supply of Weapons and Ammunition to Israel, argues that Indian weapons exports to Israel could expose New Delhi and Indian companies to responsibility for alleged violations of international law in Gaza.

However, within its shipment records, corporate structures, and descriptions of artillery parts, machine-gun components, and drone warheads, there is also a detailed picture of how far the bilateral defense relationship has come.

India is increasingly manufacturing for Israel, supplying Israeli companies, jointly developing systems with them and embedding Indian factories within international defense supply chains. A relationship once dominated by Israeli exports to India has become significantly more reciprocal.

The flags of Israel and India flutter as Narendra Modi makes a state visit to Israel, outside of the Knesset, in Jerusalem, February 25, 2026 (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

For Dr. Oshrit Birvadker, senior national security expert, director of the South and East Asia Center at the Jerusalem Institute for Strategy and Security, and CEO of Indivade, this is a strategic shift that Israel itself was slow to understand.

“I have severe reservations regarding the validity of this report,” Birvadker told The Jerusalem Post. “Even Amnesty acknowledges the limits of its own findings, admitting an inability to verify the end-use of the shipments in question. From my perspective, the empirical data presented here demonstrates only one clear reality – Israel and India maintain a legitimate defense and commercial partnership between two democracies.”

That partnership, however, is changing in character.

“For years, defense contractors and policymakers favored maintaining the status quo, treating India primarily as a buyer,” Birvadker stated. While Israeli companies entered joint ventures in India, she said, much of that process was driven by Indian Prime Minister Narendra Modi’s ‘Make in India’ policy rather than by any Israeli vision of India as a future supply base.

October 7 and the subsequent years of war and international pressure that followed changed the calculation, she argued.

“It took an event of apocalyptic proportions coupled with growing international isolation, arms embargoes, and shipment delays from Israel’s closest ally, for the Israeli defense establishment to fully recognize India’s strategic weight,” Birvadker said.

Dr. Oshrit Birvadker, senior national security expert, director of the South and East Asia Center at the Jerusalem Institute for Strategy and Security, and CEO of Indivade.  (credit: Courtesy Dr. Oshrit Birvadker)

“Two years later, that shift is underway. The defense establishment now signs major MOUs and recognizes India as an essential pillar of Israel’s security doctrine, realizing that ‘Make in India’ provides the necessary scale and rapid delivery pipelines required for Israel’s long-term security.”

What Amnesty found: Thousands of shipments from India to Israel

Amnesty’s investigation is substantial in scale. Using commercially available shipment-level trade data, researchers examined exports between October 7, 2023, and November 30, 2025, under customs categories covering weapons, ammunition and armored vehicles. In total, Amnesty identified 2,596 shipments from India to Israel.

The organization says those shipments included at least 390,516 parts for military-grade small arms, 564,970 parts of explosive ordnance – including artillery-shell components and drone warheads – and 298 military-vehicle components.

Amnesty described those numbers as conservative. It deliberately excluded shipments for which it could not distinguish civilian from military use and removed products that appeared likely to be destined for anti-missile defense systems.

Of the 2,596 shipments examined, Amnesty said it could determine that at least 788 contained items with military uses, excluding equipment intended solely for air defense. Another 1,838 shipments fell within a customs category for pistol and handgun parts, where civilian and military applications can overlap. Of 354 shipments classified specifically as parts for military weapons, 39 involved interceptor components for Rafael missile-defense systems, which Amnesty excluded from its offensive-weapons count.

Amnesty also acknowledged that shipment-level data cannot in every case establish the final end-user or prove that an item was transferred directly to the IDF rather than an Israeli defense company or subsequently re-exported.

Birvadker argued that this distinction is crucial when evaluating the conclusions Amnesty draws from the data.

“The report presents no evidence of intent or official policy by India to facilitate unlawful combat operations or human rights violations,” she told the Post. “Deducting complicity in genocide from routine maritime shipping logs represents an unfounded analytical leap, suggesting a predetermined agenda.”

Amnesty, however, says the nature of some of the products and their recipients establishes a much clearer military connection.

Its report names PLR Systems, a joint venture between India’s Adani Group and Israel Weapon Industries (IWI), as an exporter of components for IWI’s Negev machine gun. Amnesty identified 10,571 feeding-tray components and 33,033 bolt carriers and related assemblies exported by PLR to IWI during the period examined.

The report says manufacturer Indo-MIM exported more than 59,600 automatic sears – components enabling automatic fire – to IWI, with another two shipments measured by weight rather than individual units. It recorded 1,273 Indo-MIM shipments of weapons parts to Israel after October 7, although Amnesty classified only 54 as demonstrably military because many components can serve both civilian and military weapons.

Further up the weapons chain, Kalyani Strategic Systems, part of the Bharat Forge Group, allegedly exported 9,600 bodies for 155mm artillery rounds, while the state-owned Munitions India Limited sent a shipment of 1,000 finished 155mm high-explosive shells to Elbit Systems, according to the trade data Amnesty reviewed.

Amnesty also identified a December 2025 shipment by Alpha Elsec Defence & Aerospace Systems – a joint venture involving Elbit – of 122 five-kilogram warhead assemblies. The organization linked that specification to Elbit’s SkyStriker loitering munition, examples of which have been identified among debris in Gaza.

These are the transactions on which Amnesty builds its accusation that Indian companies have become part of the supply infrastructure supporting Israeli military operations. They also illustrate precisely why the relationship is so important to both countries.

INDIA AND ISRAEL only established full diplomatic relations in 1992, and defense ties initially followed the conventional exporter-client model. Israel became particularly important to India after the 1999 Kargil War with Pakistan.

Over time, however, New Delhi began insisting that foreign defense companies do more inside India itself.

The expansion of the “Make in India” policy, introduced in 2014, under Modi accelerated domestic production, joint ventures and technology transfer. The Adani-Elbit partnership established what Amnesty describes as India’s first private military-drone manufacturing factory, while perhaps the most prominent example of bilateral development is the Barak-8 air-defense system, jointly developed by Israel Aerospace Industries and India’s Defense Research and Development Organization.

This transformation forms part of a much wider Indian strategy. New Delhi has set 2047, the centenary of independence, as the horizon for its ambition to become a developed and substantially more self-reliant global power, with domestic manufacturing, technological capability and exports central to that project. Defense is increasingly being treated as part of the same national effort.

Indian defense exports reached $4 billion (390 billion rupees) in the financial year 2025, while New Delhi is increasingly seeking future weapons procurements on terms that include technology transfer and greater Indian control over avionics, electronics and guidance systems. The Jerusalem Post was invited to visit India this year and witness firsthand its defense sector in action. Yet its defense production and modernization remain uneven, with continued dependence on foreign technology in important areas and the persistent strategic challenge of preparing for possible conflict with both Pakistan and China.

That combination, rapidly growing industrial capability alongside continuing technological requirements, is where Israel becomes particularly valuable.

Birvadker said India has moved beyond manufacturing solely for its own armed forces and is explicitly seeking a place among the world’s leading defense exporters.

“This sharp trajectory reflects growing global acceptance of Indian manufactured defense systems and the country’s seamless integration into international supply chains,” Birvadker explained.  “Over the years, New Delhi has aggressively pursued the production of everything from small arms and drones to fighter jets and submarines, either independently or through strategic foreign partnerships.

“This partnership with Israel is particularly vital,” she stated. “Unlike traditional defense suppliers that resist technology transfer, Israeli companies demonstrate a high willingness to invest in joint research and development, a factor critical to India’s defense sector growth, as best exemplified by the Barak 8 air defense system. Furthermore, Israeli firms are increasingly outsourcing the production of sub-components to Indian suppliers, elevating industrial standards across the broader Indian market.”

There is another benefit that is harder to quantify.

“Ultimately, having the IDF, which is widely regarded as one of the world’s most technologically advanced militaries, deploy Indian-manufactured systems serves as a powerful seal of quality that boosts global market confidence,” Birvadker said.

“In the context of active combat, real-time operational deployment also provides invaluable field-tested feedback to refine and validate these capabilities.”

For Israel, meanwhile, Indian production offers cost advantages and, increasingly, supply-chain resilience.

Western governments have become more politically divided over defense exports to Israel. Amnesty’s report itself cites restrictions or suspensions imposed in parts of Europe and argues that India continued expanding cooperation during the same period.

Birvadker believes that makes India an increasingly valuable alternative manufacturing base.

“Serving as a critical alternative to Europe in manufacturing and ammunition, especially amid export restrictions and overt or quiet arms embargoes by European nations, India has emerged as an essential industrial fallback,” she said.

There are limits, however. India cannot replace Washington in areas such as fighter aircraft, heavy precision-guided munitions or direct strategic military assistance, she stressed, but the growing two-way flow of weapons, components, technology and capital means the relationship is increasingly one of “mutual interdependence rather than unilateral dependence,” Birvadker said.

AMNESTY IS asking New Delhi to go considerably further than imposing additional checks on exports.

It called for an immediate halt to arms transfers to Israel and a comprehensive embargo covering weapons, components, technologies, technical assistance and training. It also recommended that Indian companies terminate business relationships, including joint research and development, with Elbit Systems, Rafael and Israel Aerospace Industries.

“Israeli systems currently form the technological backbone of India’s security architecture along its sensitive borders with China and Pakistan,” Birvadker told the Post, on what possible consequences implementation would have for India’s own military.

“Companies like Elbit, Rafael, and IAI are not standard import suppliers,” she said. “They are India’s premier partners in building a domestic defense industry.”

Birvadker went further, arguing that severing the relationship could set back India’s objective of technological self-reliance “by decades.”

“India would once again find itself dependent on other global powers, a resurgence of defense colonialism,” Bivadker stated. “Who benefits from such an outcome?”

The legal argument: The controversy lies in what is not publicly visible

Amnesty’s challenge is also directed at India’s export-control system itself.

India is not a party to the Arms Trade Treaty, although it is a party to the Geneva Conventions and Genocide Convention. Amnesty argues that those existing obligations are sufficient to require India to halt transfers where there is a clear risk that weapons could contribute to serious violations. 

Indian arms exports are not unregulated. Military and dual-use goods are controlled through the SCOMET system and require authorization from the Directorate General of Foreign Trade. Applications are reviewed through an inter-ministerial process involving the foreign, defense, and home ministries, and official guidelines require consideration of the end user, declared end use, chain of transmission, and whether an export could conflict with Indian national security or foreign policy.

The controversy, according to Amnesty, lies in what is not publicly visible.

The inter-ministerial deliberations are confidential, leaving no public record showing whether international humanitarian law or India’s treaty obligations were specifically assessed when licenses for exports to Israel were approved.

Amnesty filed a Right to Information request seeking details of specific export licenses and any human rights assessments undertaken by the government, but said it had received no reply before publication.

Birvadker’s position is that New Delhi should resist external pressure rather than allow NGOs to determine its strategic relationships.

“New Delhi must categorically reject the pressure to suspend defense exports, fiercely guarding its principle of strategic autonomy and its sovereign right to conduct relations in alignment with its national interests,” she said.

“Yielding to Amnesty’s demands would severely undermine India’s credibility as a reliable defense partner on the global stage,” she told the Post.

India’s concept of strategic autonomy predates the Israel controversy. It was visible, for example, when New Delhi resisted Western pressure over Russian oil purchases following the invasion of Ukraine, prioritizing energy security and its freedom to maintain relationships across competing geopolitical blocs.

The relationship with Israel increasingly fits into that same model. India remains a major purchaser of Israeli technology while becoming a supplier in its own right. Israeli companies gain an enormous manufacturing base and access to Indian industry; India acquires technology, domestic production and exposure to global defense markets. The greater the integration, the harder it becomes to describe the partnership simply as one country selling weapons to another.

That is another revealing aspect of Amnesty’s report. Its authors see the hundreds of thousands of Indian-made components flowing to Israeli companies as evidence that the relationship should be curtailed. Birvadker cites the same supply chains as evidence that the relationship has become strategically indispensable.

The argument over Gaza will remain bitter and unresolved, particularly when the charge of genocide is treated as settled despite the substantial legal arguments against it. The industrial shift beneath that debate, however, is already taking shape.

India is no longer merely buying Israeli weapons. Increasingly, some of Israel’s weapons begin their journey in India.

This post was originally published on here. 

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Radiopharma’s precision promise runs into toxicity problems, China puts new guardrails around its biotech innovation engine, and Grail’s Galleri heads to an FDA advisory panel.

This Readout was partially produced at a sun-splashed kiddie pool party in SoCal. Each matriarch toenail is perfectly shellacked.

Continue to STAT+ to read the full story…

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The cyclosporiasis outbreak means a lot of poop has been tested. Spare a thought for the lab professionals who are up to their knees in you-know-what. Feel free to send me samples … of your thoughts and tips only, come on now: bob.herman@statnews.com.

Should prior authorization be eliminated?

Hannah Garden-Monheit is asking for a simple health care policy change: ban prior authorizations (for the most part). 

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WASHINGTON — The Department of Health and Human Services on Monday announced a new effort to catalog the many additives in the U.S. food supply, most of which entered with little oversight. 

Companies looking to add a new substance to human or animal foods will need to notify the Food and Drug Administration, and provide details on how they deemed the additive “generally recognized as safe,” or GRAS. Manufacturers with GRAS substances already on the market would need to let the FDA know for the first time how the additive is used — information that would be made public in a database, HHS officials said. 

Read the rest…

This post was originally published here. 

Residential mortgage lender TPO GO is exiting the wholesale business nationally under a strategic alliance with Stockton Mortgage that will transfer most of the company’s wholesale sales and operations staff to Stockton.

The news was first reported on last week by Rob Chrisman and later confirmed to HousingWire by a spokesperson for Stockton Mortgage.

The deal closes Aug. 10, according to the companies. Despite being described initially as a transaction involving the two companies, it is not structured as an acquisition and does not include the purchase or sale of stock or assets, the spokesperson clarified.

Rather, their “strategic alliance” involves working together “from a resources, recruiting,and information technology standpoint, to facilitate a transition of TPO GO wholesale division staff, information and technological resources from TPO Go to Stockton Mortgage,” the spokesperson said.

The move marks a significant shift for TPO GO, which became Norcom Mortgage’s wholesale platform after CMG Financial acquired Norcom’s retail operations in 2024. The deal added 25 branches to CMG’s Northeast footprint, while Norcom’s wholesale business remained independent under the TPO Go name.

Stockton did not disclose financial terms, and TPO GO did not respond to HousingWire’s request for comment at the time of publication.

When asked about whether layoffs will ensue as a result of the alliance, the spokesperson said that the alliance is expected to result in the “lion’s share” of TPO GO’s wholesale sales and operations team joining Stockton Mortgage following the closing.

TPO GO plans to exit the wholesale channel nationally, although it may maintain limited wholesale operations in certain defined markets.

The companies did not provide additional details about the transition or whether TPO GO will maintain a wholesale presence in specific markets, including Connecticut, where it is headquartered.

The strategic alliance comes as mortgage lenders and brokers continue to adjust their operations amid a challenging origination environment and ongoing pressure to improve efficiency and scale.

This post was originally published on here. 

A powerful magnitude 7.4 earthquake struck western Colombia early Monday, damaging buildings, injuring people and sending residents into the streets across a wide area of the country.

The quake hit at 7:34 a.m. local time near San José del Palmar in the Pacific department of Chocó, about 175 miles west of Bogotá. The U.S. Geological Survey measured the earthquake at a depth of roughly 66 miles.

That depth helped limit the destruction. Deep earthquakes can be felt across very large areas but often cause less severe surface damage than shallow quakes of the same magnitude.

The shaking was felt in Bogotá, Medellín, Cali, Pereira, Manizales, Armenia, Popayán and Cartago, as well as in parts of Ecuador and Panama.

The heaviest early damage was reported in Chocó. Officials said people were injured by falling bricks and pieces of building facades, while several structures suffered significant damage.

In Manizales, debris reportedly fell from the city’s cathedral. In Cali, falling debris damaged at least one vehicle. Buildings in Bogotá developed cracks, but officials there reported no major structural damage.

No deaths had been confirmed as of midmorning Monday.

Initial estimates of the earthquake’s strength ranged widely before seismic agencies settled near magnitude 7.4, which is common in the first hours after a major quake.

The biggest concern now is Chocó’s remote communities. The department is mountainous, heavily forested and has limited road access, making it difficult for emergency crews to quickly determine the full extent of the damage.

Officials warned that injury and damage totals could rise as rescue teams reach smaller towns closer to the epicenter.

Colombia sits in one of South America’s most active earthquake zones, where the Nazca tectonic plate pushes beneath the South American plate.

Emergency agencies are inspecting buildings across Chocó and neighboring departments and are warning residents to stay out of damaged structures because strong aftershocks remain possible.

JBizNews Desk | Bogotá

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

Last month, Claude (AI) told me to get to an emergency room immediately. It wasn’t the first time the two of us had an “emergency” on our hands. This time it was a dissected artery in my neck. In reality, I’d probably just slept wrong.

So no, I don’t think AI is always right, and the two of us do tend to overreact. But it has changed how I approach my own healthcare, and it’s doing the same thing to housing.

A few months ago I met Dr. Charlotte Blease, a philosopher of medicine and the author of Dr. Bot, a book about what AI is doing to healthcare that read to me like a diagnosis of housing. Doctors and loan officers find themselves in an identity crisis where they are trusted less and are more replaceable than they realize.

They’re already choosing AI

As I walked through my own journey with a chronic illness, I faced years of dismissals and misdiagnoses. Nearly three in ten women report feeling similarly dismissed by their doctor, but our research on housing exposes even more skeptical consumers. Six in ten NextGen feel the housing system will work against them, and the vast majority worry they’ll be taken advantage of by a housing professional.

Until now, that distrust allowed us two options: We either take the leap of faith that our housing (or medical) professional will have our backs, or we don’t. 

Today, consumers don’t need faith to get started. 

In the same FirstHome IQ study, half said they trust AI as much or more than humans to make a personalized homebuying plan. Would-be buyers are taking their questions to the machine, or they’re asking no one at all. That’s the slow leak in our industry, and it keeps draining as long as we ignore the one tool buyers already trust.

AI as a trust-builder

Before I worked in housing, I trained in social work, where the first principle for any distrusting population is safety. AI has become that first step in creating safety for buyers and patients alike.

Most people reading this have at least once asked an embarrassing question of ChatGPT or let their dumb ideas run free of judgment with an AI conversation they’d never share with anyone else. 

This phenomenon of ‘machine confession’ began long before the emergence of AI. In the 1960s, with the first confessional computer system, researchers found patients disclosing much more openly, reporting a preference for the computer over the physicians. Sixty years later, a Gallup survey found nearly one in five American AI users consulted AI because they were too embarrassed to talk to a person.

Some patients, Blease writes, are “quite literally, dying of embarrassment.”

Money carries that same shame. A recent poll found 62% of Americans don’t talk about money at all, and that people are more comfortable discussing politics, even death, than their own finances. Buyers aren’t dying of embarrassment. But plenty of them are renting for another year because of it.

I’ve spent my career teaching loan officers to create exactly this kind of safety, and the best of them are remarkable at it. But no human can offer what the machine offers here, which is the freedom of being no one in particular.

AI is the bridge we need

“The correct comparison,” Blease writes, “is not telemedicine versus in-person care. It is telemedicine versus no care.”

In housing, the comparison isn’t AI versus a great loan officer. It’s AI versus no one at all. 

For the woman asking ChatGPT whether she should give up renting her luxury apartment for a fixer-upper, her alternative to AI wasn’t your guidance. It was another year of avoiding the conversation. 

AI isn’t taking that buyer from you. Nobody had her to begin with. 

In the same Gallup survey, nearly half of the people who used AI said it made them more confident talking to a provider. The machine isn’t the end of the conversation. It’s how the conversation starts.

A friend of mine bought a home recently, and after a couple glasses of wine, she admitted her real fear about buying was that she was giving up on finding a husband. She’d spent years with a great income, too afraid to ask anyone to run the numbers with her fears in mind—until she ran them with ChatGPT. 

AI is changing the way buyers approach experts, and it’s capturing a new market that was previously too afraid to ask questions. But it doesn’t end with a midnight confessional. You’re the specialist she trusts to walk her home. 

Consumers and patients are tired of walking this path alone. We need the experts to guide us. We just need the machines to help us get in the door.

Five questions before you deploy AI

I built our nonprofit’s consumer experience on a framework adapted from trauma-informed care (created for the most distrusting populations), and it maps directly onto how a housing professional should deploy AI today. As you add AI to your buyer’s path, ask yourself:

  1. Safety. Do you give the buyer a judgment-free place to explore scenarios and education, before or after they talk to someone?
  1. Transparency. Does the buyer have full transparency into your pricing and your process?
  1. Choice. Can the buyer set the pace, or does every path funnel them to a sales call?
  1. Collaboration. Does the tool hand the buyer to a human at the moment the decision gets real, with their context intact?
  1. Empowerment. Does the buyer leave more capable of deciding for themselves, or more dependent on you?

Pass all five, and AI becomes proof of your motives.

The tool you’re most tempted to fear is the one that can finally earn you the trust this industry lost. Your buyers are already at the door. The only question is whether you’re there to meet them.

Kristin Messerli is the founder and executive director of FirstHome IQ, a 501(c)(3) nonprofit closing the homeownership gap through trust-based education. She is also a keynote speaker on trust and the author of the annual NextGen Homebuyer Report.
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com. 

This post was originally published on here. 

TPG Mortgage Investment Trust Inc. on Monday agreed to acquire Cherry Hill Mortgage Investment Corp. in a cash-and-stock deal that values Cherry Hill at about $117.5 million and will create a $9 billion residential mortgage real estate investment trust (REIT) platform.

Under the definitive merger agreement, Cherry Hill stockholders will receive 0.3063 shares of TPG Mortgage Investment Trust (MITT) common stock and $0.93 in cash for each share of Cherry Hill (CHMI) common stock. Based on MITT’s Friday closing price, that equals $3.10 per Cherry Hill share, a 29% premium.

In 2023, MITT acquired Western Asset Mortgage Capital Corp. President, CEO and board member T.J. Durkin said in a statement that the deal represents a “transformational, value-creating opportunity” that will generate operational efficiencies and deliver accretive earnings to stockholders.

“We are excited to bring together two highly complementary portfolios to significantly enhance the scale of MITT’s residential mortgage platform,” said Durkin, who will continue as president and CEO. Cherry Hill will designate two independent directors to join MITT’s board, expanding the board to eight members.

The combined company will have a $9 billion investment portfolio, consisting of approximately 72% nonagency residential credit, 14.4% agency residential mortgage-backed securities and mortgage servicing rights (MSRs), 12.6% home equity and 1% other investments.

The transaction is projected to generate $7 million to $9 million in annual operating efficiencies through a more favorable expense ratio and other cost savings, the companies said.

On a pro forma basis, MITT stockholders are expected to own about 73% of the combined company, while Cherry Hill stockholders will own about 27%. About 30% of the merger consideration will be paid in cash.

Cherry Hill CEO and board member Jay Lown said the deal “will deliver immediate cash consideration to CHMI stockholders, together with an opportunity to participate in the potential upside of the combined company.”

Lown pointed to Cherry Hill’s diversified portfolio of agency RMBS and MSRs, combined with TPG’s mortgage expertise and integration track record, as positioning MITT to drive long-term value.

MITT will continue to leverage the resources of its manager, AG REIT Management LLC, an affiliate of TPG Inc., which reported $327 billion in assets under management. The companies highlighted access to TPG’s securitization platform, an expanded investor base and improved liquidity as additional benefits to the combined REIT.

The boards unanimously approved the transaction, which is expected to close in the fourth quarter, subject to shareholder approvals, regulatory sign-offs and other customary closing conditions.

The combined company will operate as TPG Mortgage Investment Trust Inc. and remain listed on the New York Stock Exchange under the MITT ticker. The headquarters will stay in New York.

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

This post was originally published on here. 

Boeing is getting out of the flying-taxi business, and it is not taking cash for it. The plane maker announced Monday that it has signed definitive agreements to hand three subsidiaries — air-taxi developer Wisk Aero, air-traffic software company SkyGrid and military drone maker Insitu — to Archer Aviation. In exchange, Boeing receives newly issued Archer stock amounting to roughly 20% of the company, a seat at the table on Archer’s board, and the right to keep using the autonomous-flight technology it spent two decades paying for.

The structure is the point. Boeing is not selling these businesses for money and walking away. It is converting them into ownership of the company that will now run them, which lets it stop funding a capital-hungry, pre-revenue industry while still holding a claim on the outcome if that industry ever arrives.

The specifics were disclosed in filings Monday morning. Boeing will take Archer Class A shares equal to 19.75% of the share count before closing, adjusted for cash. It also receives two warrants with a combined notional value of $200 million, exercisable at $13.00 and $17.88 a share, giving it a path to buy more stock over the coming years. Boeing is locked up for 12 months, capped at 19.9% beneficial ownership, and holds an option to put up to $55 million into a future Archer equity raise. The companies expect the transaction to close by the end of 2026, subject to the antitrust waiting period, with a backstop date of May 9, 2027.

What Archer gets is revenue, which it has almost none of. The three businesses together generate more than $200 million a year and operate in 35 countries, according to the companies. That comes almost entirely from Insitu, the drone unit Boeing bought in 2008, which has built more than 3,500 unmanned aircraft used for intelligence, surveillance and reconnaissance work by allied militaries. For a company still waiting on certification to fly paying passengers, acquiring a profitable defense contractor changes what the business looks like on paper immediately.

Wisk brings the technology. It has designed, built and flown six generations of electric vertical takeoff and landing aircraft over 16 years, logging more than 1,700 flight tests, with a focus on flying without a pilot aboard. SkyGrid, which Wisk acquired in 2025, builds the ground software that manages where automated aircraft go and keeps them separated from each other and from conventional traffic. Across all three units, Archer says it is inheriting close to two million flight hours of operating data, which it plans to feed into its in-house artificial intelligence system for aerospace and defense, called ZEE.

Archer Founder and Chief Executive Adam Goldstein called it a “watershed moment for Archer and the future of physical AI,” and said it accelerates the company’s shift into a diversified platform with a real revenue base rather than a single product in development.

Boeing framed the deal as a way to capitalize on prior spending while redirecting new investment to its core aircraft programs. Brian Yutko, the company’s vice president for commercial airplanes product development, described the arrangement as beneficial to both sides and said it lets the three units move faster to market than they could inside Boeing. Under a separate technology-sharing agreement, Boeing keeps access to Wisk’s core autonomy systems for its current and next-generation commercial and defense aircraft — meaning it sheds the ownership costs but not the engineering.

The divestiture fits a pattern under Chief Executive Kelly Ortberg, who has spent two years narrowing Boeing to what it does best after a stretch of production and safety crises. Last year the company sold parts of its digital aviation services arm, including flight-planning provider Jeppesen, to Thoma Bravo for $10.55 billion. Wisk and Insitu were the kind of long-horizon bets that made sense when the core business was healthy and became difficult to justify when it was not.

There is history between the two parties. Archer and Wisk spent 2023 in litigation over intellectual property before settling, agreeing to co-develop autonomous aviation technology, and giving Wisk a warrant on Archer shares as part of the resolution. Three years later, the rival that sued has become the owner.

Investors sided decisively with the buyer. Archer shares jumped roughly 16% to 20% in premarket trading Monday, while Boeing was essentially unchanged, slipping about 0.2%. Archer carried a market value above $4 billion as of Friday’s close, a fraction of Boeing’s, which is why the stake being handed over is large enough to make the aerospace giant one of its biggest shareholders.

Archer is targeting its first commercial passenger flights by the end of this year or early next.

JBizNews Desk | New York

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

U.S. stocks opened almost unchanged Monday, August 10, as investors returned from a record-setting week but faced another surge in oil prices tied to uncertainty over reopening the Strait of Hormuz. The Dow Jones Industrial Average opened up 35.7 points, or 0.07%, at 54,072.66. The S&P 500 slipped 5.9 points, or 0.08%, to 7,751.74, while the Nasdaq Composite fell 10.2 points, or 0.04%, to 26,680.44. By around 10:00 a.m. ET, the market had drifted modestly lower, with the three major indexes down roughly 0.1% to 0.2%. 

The biggest pressure is coming from energy. Brent crude climbed about 2% to roughly $85 a barrel, while U.S. crude approached $80, after Iran tied reopening Hormuz to a series of U.S. concessions. That pushed energy shares including Marathon Petroleum, Occidental Petroleum and Valero higher while airlines, cruise operators and other fuel-sensitive travel companies came under pressure. 

Corporate news is producing some unusually large individual moves. Intel fell about 4% after announcing plans for a potential $15 billion stock sale. MarineMax surged more than 40% after Reuters reported Blackstone-owned Safe Harbor Marinas is nearing a roughly $1.5 billion acquisition of the yacht retailer at around $53 a share. Varex Imaging jumped nearly 50% after Teledyne agreed to buy the medical-imaging company for about $1.1 billion, or $18.90 a share in cash. 

Berkshire Hathaway is also drawing attention following its first major earnings report under CEO Greg Abel. Second-quarter operating profit rose 16% to nearly $13 billion, while Berkshire accelerated share repurchases, spent heavily on stocks and reduced its enormous cash position. The company bought back about $4.5 billion of its own shares during the quarter and disclosed significant new investments, including a $10 billion Alphabet position. 

Monday is a light morning for economic data. There were no major 8:30 a.m. ET federal economic reports, leaving Friday’s surprisingly weak July employment report as the main economic backdrop for trading. The Conference Board’s July Employment Trends Index was scheduled for release at 10:00 a.m. ET; its official release page had not yet posted the new reading at the time of this opening recap. The previous June reading was 106.69. 

That leaves markets unusually exposed to headlines. Friday’s report showed the U.S. unexpectedly lost 23,000 jobs in July, helping push the S&P 500 to a record close as traders reduced expectations for a Federal Reserve rate increase in September. Monday’s higher oil prices complicate that picture because sustained energy inflation could make it harder for the Fed to remain on hold even as hiring weakens. 

For the rest of Monday, Hormuz and oil are the immediate market risks. Investors will also watch Treasury yields, whether Intel’s decline spreads into semiconductors, and whether Berkshire’s results support financial and industrial shares. The larger test arrives Wednesday, August 12, with July consumer inflation. Economists expect annual CPI inflation to ease slightly to about 3.4% from 3.5% in June. Producer prices follow Thursday, with retail sales and consumer sentiment due Friday. 

JBizNews Desk | Wall Street

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

Prime Minister Benjamin Netanyahu’s party, Likud, has overtaken Yashar led by Gadi Eisenkot in the polls, according to an election poll published by KAN News on Sunday.

The poll found that the number of seats held by Likud had increased by one compared to last week, when the two parties were polling as tied. Netanyahu’s party polls at 24 seats compared to 23 for Eisenkot’s, KAN found.

Yair Golan’s Democrats rose to a total of 10 mandates, compared to eight in the previous week’s poll, and Yisrael Beyteinu, led by Avigdor Liberman, rose by one seat, also polling at 10 seats.

B’Yachad, led by Naftali Bennett, polled the same as the previous week, with KAN finding that it would receive 13 seats if elections were held today.

If the Arab parties of Hadash, Ta’al, and Balad formed a joint list, they are expected to receive 8 seats, however a spokesperson for Hadash told The Jerusalem Post that there was “a breakdown in the talks,” and the three parties had failed to reach an agreement on running together.

Israeli Prime Minister Benjamin Netanyahu attends a vote at the plenum hall of the Knesset, the Israeli parliament in Jerusalem, on July 16, 2026. (credit: YONATAN SINDEL/FLASH90)

If Yoav Segalovitz joins Ra’am, the fourth major Arab party, the party would receive five seats. This would bring the Arab parties’ total seats to 13, which would weaken Netanyahu’s bloc to 52 seats.

The Zionist opposition bloc polled at 55 seats, three more than the current coalition, KAN reported.

Netanyahu increases lead as candidate for next prime minister

The KAN poll also found that Netanyahu had increased the distance in public opinion as to who is best suited to be Israel’s next prime minister.

The latest poll showed that 41% of people think Netanyahu would make a better leader than Eisenkot, compared to 34% who think Eisenkot would be better.

Additionally, Netanyahu leads Bennett with 41% to 31%, the same margins as in the previous survey.

However, Bennett is closing the gap with Eisenkot, with the Yashar! leader receiving 31% compared to Bennett’s 20%. This means that the gap between the two candidates has halved since last week’s KAN poll.

Approximately one-fifth of Israelis have considered leaving the country, with the figure rising to 23% among opposition voters compared to 6% of people who vote for the current coalition. Despite this, almost 70% of Israelis aren’t concerned about the number of people leaving the country.

The poll surveyed 551 people aged 18 and over and included respondents from all sectors of Israeli society.

Keshet Neev contributed to this report.

This post was originally published on here. 

The IDF urged residents of the Gaza Strip to protect themselves from financial exploitation by Hamas and to replace old-issue banknotes with current ones on Monday, warning that soon the old notes could lose all value.

“Most of the old-issue banknotes have already been replaced with new ones some time ago. If any of you still possess those old banknotes, you face a serious financial risk. In the very near future, these banknotes will be worth nothing, and you will be left with nothing,” IDF Arabic Spokesperson Lt.-Col. Ella Waweya wrote on X/Twitter.

Hamas is trying to exploit the situation through offloading banknotes that will soon be worthless onto the Gazan people and even their own operatives, according to Waweya.

Maj. Ella Waweya, the new Arabic language spokesperson, pictured on July 7, 2024. (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

“While some movement elements receive their salaries in old banknotes, the leaders hold onto the new ones. The leaders care only about themselves, leaving their field operatives and the residents of the Strip to bear the losses alone,” Waweya wrote.

Gaza residents urged not to accept old banknotes

Gazan residents are recommended not to accept salaries or payment in old banknotes. 

“Do not allow the terrorist Hamas leadership to burden you with the consequences of its losses,” Waweya wrote. 

This post was originally published on here. 

The Board of Peace’s proposed agreement to disarm Hamas would leave Israel restricted in its ability to deal with immediate and emerging threats, while allowing Hamas to remain armed with “personal weapons,” according to an assessment by Dr. Igal Shiri published by the Meir Amit Terrorism and Intelligence Research Institute last week.

The 15-point plan, which was rejected by Prime Minister Benjamin Netanyahu on Sunday, notably failed to see Hamas relinquish its weapons, only seeing the National Committee for the Administration of Gaza store the weapons and decommission them under point 8.

Shiri noted that a political crisis or the collapse of the NCAG, or a similar armed takeover of storage facilities like the one seen during Hamas’s 2007 takeover of Gaza, could result in Hamas being rearmed.

Additionally, Shiri warned that it remained unclear whether a complete inventory of Hamas’s weapons production facilities, tunnels and other infrastructure would be handed over, and whether these structures would be dismantled or completely destroyed under the supervision of parties not allied with Hamas, rather than only by Turkey and Qatar.

Unclear whether IDF expected to withdraw before or after Hamas disarmament

It also remains unclear whether the IDF would be expected to withdraw before or after Hamas disarms.
Critically, under the ninth point of the agreement, Hamas members would be allowed to retain “personal weapons” registered and licensed with the NCAG.

Hamas terrorists celebrating during a rally in the northern Gaza Strip. (credit: SUHAIB SALEM/REUTERS)

Shiri said such a process would do little to ensure the complete dismantlement of Hamas’s military wings or prevent current and former Hamas police members from rearming, particularly if they are allowed to integrate into the new security forces.

Netanyahu said on Sunday he would not allow a deal that promises only “fictitious disarmament,” where Hamas is allowed to continue holding arms.

“When I say Hamas is disarmed, that means the heavy weapons, the less heavy weapons – all the weapons,” he said.
Shiri also pointed to Hamas’ declaration that it would continue to work to “liberate all of the land from the occupation on all fronts,” as reflective of the group’s continued commitment to armed jihad against Israel.

He argued that Hamas therefore had no intention of implementing the agreement in the spirit in which it was written, but instead could use it as an opportunity to reorganize and raise resources.

Fate of Hamas operatives unclear per the agreement

As to the fate of Hamas’s current commanders and terrorist operatives, including those who participated in the October 7 massacre, the agreement is also vague. It is unclear whether they will be allowed to stay in the Gaza Strip, though point seven would allow those in the Palestinian police who do not pass vetting to be offered alternative civilian roles.

“None of those shall be deprived of their financial rights, particularly due to political affiliation,” the agreement promised.
Finally, Shiri warned that the restrictions on the IDF’s use of force threaten its ability to respond to immediate and emerging threats because it fails to address Israel’s right to self-defense, only demanding its withdrawal in point 13.

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The IDF increased the pace of its strikes over the past two weeks, with the number of fatalities rising accordingly, before restricting them under a new policy, following a series of targeted killings across the Gaza Strip since the ceasefire took effect, which, according to IDF statistics, resulted in the deaths of around 500 terrorists.

Defense officials confirmed on Sunday that opportunities to strike Hamas’s military wing operatives had been missed over the past week because of government policy.

However, senior political officials told Walla on Monday that “This is a complete lie. The IDF did not bring a single targeted killing for approval over the past week.”

Hamas’s leadership, based in Qatar and Turkey, exerted pressure on Qatar, Egypt, Saudi Arabia, Turkey, and other countries, including the Board of Peace, which in turn pressured the White House to halt the targeted killings.

Officials in Jerusalem instructed the IDF to scale back the operations, but even this failed to satisfy the Americans, and the targeted killings were completely halted this week.

Prime Minister Benjamin Netanyahu attends a Christian Conference in Jerusalem, on April 27, 2025 (credit: Chaim Goldberg/Flash90)

The situation in the Gaza Strip, with the IDF operating in the area with its hands tied on one side, while the Board of Peace accelerates efforts to rebuild Gaza without Hamas having disarmed on the other, has drawn criticism from within the defense establishment.

Netanyahu rejects 15-point Board of Peace Gaza document

Apparently in response, Prime Minister Benjamin Netanyahu decided to address the issue at the opening of the government meeting in an effort to push back against the criticism.

“Israel rejects the 15-point document. The IDF will not carry out any withdrawal until Hamas is genuinely disarmed and will continue to eliminate threats against our forces and our citizens.

“And when I say disarming Hamas, that means the heavy weapons, the less heavy weapons, all the weapons. And we are talking about genuine disarmament, not fictitious disarmament. We are now discussing this issue with the Americans,” Netanyahu added.

In practice, however, defense officials point to several developments without which they say Netanyahu’s remarks would be meaningless.

According to defense officials, the prime minister must prevent the national force from entering the Gaza Strip because it could introduce foreign influences that would be harmful to Israel. Hamas could exploit those influences to normalize and consolidate its rule, while hiding behind the process, on Turkish advice, in order to avoid disarming.

Defense officials call for technocratic committee to be barred from Gaza

The officials also believe the technocratic committee should be prevented from entering the Gaza Strip. According to IDF assessments, Hamas could eventually take control of the committee and manipulate it with considerable sophistication.

They further argue that the IDF must not withdraw from the Yellow Line, but should remain in its current positions in order to increase pressure on Hamas.

Above all, most officials agree that Israel should resume strikes against Hamas operatives and field commanders.

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The Ugandan Parliament has approved the deployment of the Uganda People’s Defense Forces (UPDF) to Gaza as part of US President Donald Trump’s proposed international stabilization force.

The motion, tabled by Defense Minister Kiryowa Kiwanuka, sought Parliament’s approval under the Constitution and the UPDF Act to deploy Ugandan troops to support efforts to restore peace and facilitate humanitarian assistance in Gaza.

During a plenary sitting last Thursday, Minister Kiwanuka said the deployment was in line with Uganda’s constitutional obligations and international commitments, and stressed that the proposed mission would operate under strict humanitarian principles.

“The UPDF contingent will remain neutral, comply with International humanitarian law, protect civilians without taking sides in political disputes, and operate solely under the mandate of the Stabilization Mission,” he said.

Several legislators questioned the move, arguing that there was inadequate risk assessment

Although Parliament eventually approved the deployment, several legislators questioned the manner in which the motion had been introduced, or argued that there was not enough risk assessment.

Kiryowa Kiwanuka tabling the Gaza deployment motion. (credit: Courtesy)

The Chief Opposition Whip, Paul Mwiru, representing the Leader of the Opposition, asked for more time to address the motion. He expressed concern that Parliament was being asked to make a decision with significant consequences.

Joseph Ssewungu similarly said the Opposition had not been given adequate opportunity to prepare: “I am not supporting your motion, because it is an ambush on us.”

John Baptist Nambeshe (NUP, Manjiya County) supported Uganda’s participation in peacekeeping operations but said Parliament should first receive reports on ongoing deployments in countries including the Central African Republic, the Democratic Republic of Congo, Somalia and South Sudan before approving another mission.

‘It is very difficult to distinguish between combatants and civilians’

Nashembe also said that Gaza presented unique operational risks because “it is urban warfare and it becomes very difficult to distinguish between combatants and civilians.”

“The matter of deploying our soldiers to a very risky place like Gaza, where Israel strikes every now and again, cannot be just casually passed here. We have to prepare enough,” said Patrick Nsamba.

However, UPDF representative Maj. Gen. Henry Masiko dismissed suggestions that the force was unprepared for the mission and added that Uganda should take pride in the international recognition accorded to the UPDF.

“You should be very, very proud as Ugandans that Uganda People’s Defense Forces is viewed as the anchor of stability in a sea of turbulence regionally and now globally,” he said.

Maj. Gen. David Gonyi (UPDF) said Uganda had both a moral and diplomatic obligation to support the mission.

“We cannot be in this House… and want to live in a peaceful country, not to support the deployment of the UPDF to go and help members of the community that lives in the Gaza Strip to have at least some semblance of peace,” Gonyi said.

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The activist group People Against Genocide stormed and vandalized Ultra Intelligence and Communications’ Aberdeen facility last night, while also claiming responsibility for a vandalism incident against the logistics firm DSV in Doncaster, England.

The incident in Aberdeen unfolded at 3:00 a.m., according to the group’s Instagram post; activists asserted that “Ultra I&C supply military hardware and tech to Israeli weapons firm Elbit Systems and to the Israeli military directly,” adding that “actions against the firm have continued to intensify” following previous actions targeting military satellites.

Video footage shared by the group on social media from inside the building showed extensive vandalism, with office furniture overturned, papers and debris strewn across floors, windows smashed, and equipment damaged. Activists wrote messages on interior surfaces, including “ULTRA KILLS KIDS” on a cabinet and “For the poor children of GAZA” on a wall, while a Palestinian flag was hung in a doorway.

Activists arrested following Aberdeen break-in

Footage from the break-in also captured that the activists had barricaded the door, followed by exchanges between the activists and responding law enforcement officers. In the videos, police officers wearing high-visibility vests and protective gloves are seen entering the facility, instructing the activists to show their hands and stand up, before placing them in handcuffs and escorting them from the premises.

The group’s online posts framed the incident as a form of direct action against military supply chains and described themselves as a “group taking direct action to stop the UK-Israel weapons trade.“

Hundreds of activists gather in support of four of the Filton defendants due to be sentenced at Woolwich Crown Court on June 12, 2026 in London, England; illustrative (credit:  Guy Smallman/Getty Images)

A Police Scotland spokesperson said in a statement, “Around 9:40 am, we received a report of vandalism and a break-in at a business premises on Prospect Road, in the Westhill area of Aberdeenshire.

“Officers attended and two men, aged 39 and 18, were arrested and charged. They are due to appear at Aberdeen Sheriff Court on Monday, 10 August.”

Logistics firm DSV targeted in separate Doncaster incident

In a separate social media post shared last night, People Against Genocide also claimed responsibility for another action targeting the logistics firm DSV in Doncaster, England. According to the post, the group stated, “It is within our power to bring down the Israeli war machine in Britain, and so it must be done,” adding that they have taken action against the logistics firm “dozens of times, as it transports weapons for Israel’s biggest arms maker, Elbit Systems.”

The accompanying video footage of the Doncaster incident showed an individual in dark clothing and gloves walking through a commercial facility or depot at night, repeatedly striking glass doors and entryways with a hammer while shattering the panels.

After the Jerusalem Post shared the footage with South Yorkshire Police, the force stated that the material had been passed on to the lead investigator handling an active probe into a prior attack at the same location last Wednesday.

The police said in a statement, “We received reports of criminal damage at Parkside Business Park on Spinners Road, Doncaster.”

Police noted that “a number of windows were smashed at a business premises on the site, and that a building was sprayed with graffiti.”

Describing the ongoing steps, authorities added that “an investigation has been launched and officers are carrying out inquiries including CCTV checks,” noting that investigators believe “two men and a woman were involved in the incident.”

Police urged anyone with relevant details to come forward, requesting that “anyone with information that could aid our inquiries is asked to get in touch online or by calling 101, quoting incident number 167 of 5 August 2026.”

These actions are part of a broader wave of disruptions and direct-action campaigns globally targeting Elbit Systems and other corporate entities linked to the Israeli defense supply chain.

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Hezbollah’s civilian arm has continued to operate in Zawtar al-Gharbiyeh, a pilot zone under the protection of the Lebanese Armed Forces, according to the Alma Research and Education Center.

As previously reported, Hezbollah’s Islamic Health Organization was able to operate within the zone only days after the LAF deployed to the village. Since then, the center has identified the presence of the Hezbollah-affiliated Wataawanou Association (the Cooperate with One Another Association). The association claims to provide water, food rations, and medical treatment to displaced persons, though it is closely affiliated with Hezbollah.

The association established a temporary center as early as July 29, according to the center, where it hosts the village council and provides services to support the returning residents of the village.

Hezbollah’s own Al Manar TV reported in late July that the association carried out its work in “cooperation with the social work sector of Hezbollah,” and the head of the association, Afif Shuman, also known as Abu al-Fadl, was previously identified by the center as a Hezbollah operative. Following the initial report by the center, Shuman confirmed to L’Orient Today that the group does “support the resistance.”

Lebanese media sites have described Wataawanou as linked to Hezbollah 

Other Lebanese media sites, including L’Orient Today, have also frequently described the group as linked to Hezbollah and the financial company Whish Money, which is licensed by the Central Bank of Lebanon, suspended the association’s account in 2025 for failing to provide documentation verifying the origins and destination of donations.

Lebanese army officers hold position 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)

The center claimed that the operation of Wataawanou was to further create the conditions needed for Hezbollah to hold social and economic influence and dependency. It also allows Hezbollah to raise donations for the restoration of both its civilian and military infrastructure, the center alleged, including through an account at Hezbollah’s al-Qard al-Hasan bank.

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Home equity investment provider Unison announced on Monday the closure of its UNSN 2026-2 securitization. Issued through the Unison Midgard Fund, the deal backed $235 million in assets and is the company’s eighth such transaction to date.

The securitization also received a formal credit rating from DBRS Morningstar. Barclays served as lead bank.

“This securitization further validates investor interest in our innovative and growing asset class,” stated Unison Chief Investment Officer Matt O’Hara. “We are proud to have pioneered the Home Equity Investment (HEI) industry and have decades of experience assisting homeowners to efficiently unlock equity value in their homes.”

O’Hara continued, “The HEI securitization space has matured and grown substantially in recent years, with increased volumes, expanded transaction size and tighter spreads presenting us with the opportunity to efficiently execute this transaction.”

Launched in 2019, the Unison Midgard Fund invests in owner-occupied residential properties and seeks to capture home price appreciation. The fund has originated more than 5,700 agreements across 33 states, Washington, D.C., and 220 metropolitan areas, representing markets that account for more than 81% of U.S. residential real estate by value, according to Unison.

Homeowners in the fund have an average home value of more than $500,000 and generally have prime credit, the company said.

Since 2022, the Midgard Fund has completed six securitizations, four of which have received ratings, including Monday’s transaction.

Unison said its transactions this year have attracted new institutional bond buyers and expanded its investor base, and that the latest deal strengthens its “liquidity position” and reflects growing institutional acceptance of HEIs as an investment asset class.

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ENRG Realty is offering its real estate agents access to medical, dental and vision insurance plans nationwide with no waiting periods or annual enrollment windows, the virtual boutique brokerage announced on Monday.

The coverage is positioned as traditional health insurance, not a health care cost-sharing arrangement and includes benefits for pre-existing conditions, according to the company announcement. Plans are available through national provider networks so agents can access consistent care across ENRG Realty’s markets.

Health coverage has been a long-standing gap for many real estate agents, who are typically classified as independent contractors and do not receive employer-sponsored benefits. Between 10% and 15% of National Association of Realtors (NAR) members have no health insurance at all, according to NAR data cited by ENRG Realty, and many others rely on individual marketplace plans that can be expensive and restricted to annual open enrollment periods.

“An agent can’t successfully build a business, grow a team or take care of clients if they’re worried about their own health first,” Erinn Nobel, co-founder and president of ENRG Realty, said in the announcement. “We want our agents to have health insurance. Plain and simple.”

ENRG Realty said the new offering is part of a broader value proposition that includes direct broker access instead of call centers, low agent-to-staff ratios and support for teams and independent brands that want to keep their own identities while operating under one brokerage as they expand across state lines.

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

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Move, the parent company of Realtor.com, said it is seeing the investments it has made into “premium offerings” like RealPRO Select pay off. 

During the fourth quarter of fiscal year 2026, Realtor.com recorded $167 million in revenue, up 13% year-over-year, marking the segment’s seventh consecutive quarter of growth. These financial results were highlighted during News Corp’s fiscal year 2026 fourth quarter earnings call Wednesday evening. 

“Its success comes as premium offerings have expanded and yield has been increasingly optimized. The emphasis on high quality leads, combined with AI-inspired product innovation and assiduous assistance for buyers, sellers and Realtors, have transformed the business’s fortunes, as has the team’s emphasis on providing reliable real estate news and analysis, which has made Realtor.com the largest site in America for residential property news,” Robert Thomson, the CEO of News Corp, said during the earnings call. “If you want to comprehend trends, places and prices, you must read Realtor.com.”

Overall Move revenue for full fiscal year 2026 came in at $610 million, up 11% annually, which the company said was primarily “a result of higher sales of RealPRO Select, as Move shifts its focus to more premium offerings and revenue growth in seller, new homes and rentals.”

During the quarter, Move CEO Damian Eales noted in a post about his firm’s performance that Realtor.com expanded its AI capabilities through the launch of RealAssist AI and that it updated its homeownership tools adding tools like buyer demand signals and a buying power calculator to its My Home dashboard. 

More monthly visits than Homes.com

Realtor.com averaged nearly 300 million monthly visits in the quarter coming in at 33% market share according to ComScore data. This is nearly seven times the visit share of Homes.com and 2.5 times the visit share of Redfin, according to the ComScore data. 

Additionally, the data shows that Realtor.com recorded an average of 5.5 visits per unique user during the quarter, ahead of Zillow (3.6), Redfin (3.4) and Homes.com (1.9). However, internal Move data shows there were 68 million average monthly unique users of Realtor.com during the quarter, down 6% annually, which the firm said was “driven primarily by broader macroeconomic trends and a focus on higher quality leads.”

“Rising visit share, industry-leading engagement and growing revenue all add up to consumers finding what they need, and more opportunity flowing to the agents who serve them. It’s exactly what we set out to build three years ago,” Eales wrote. 

Eales also addressed Realtor.com’s deal with eXp Realty to share its coming soon listings, as well as its deal with Zillow to share syndicated Zillow Preview listings on its site. 

“We’ve long said that an open marketplace – one built around transparency and broad access – is what’s best for consumers and the industry, and last quarter we backed that up with action,” Eales wrote. “With market-leading results and a clear vision, we’re entering FY27 from a position of strength.” 

Overall, News Corp generated revenue of $2.34 billion for the quarter up 11% annually. The company attributed this increase to growth in its Digital Real Estate Services, Book Publishing and Dow Jones segments. In addition, the firm recorded $230 million in net income, up 167% compared to a year prior. 

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GameStop is considering walking away from its attempt to buy eBay outright and instead asking eBay to team up with it, according to people familiar with the deliberations. The idea now on the table is simple: rather than purchasing the marketplace, GameStop would put its stores to work for eBay and take seats on eBay’s board in exchange. No decision has been made, and the change of course is under discussion as of Monday, with nothing filed and no proposal formally submitted.

The shift, first reported by Bloomberg, would end one of the most improbable takeover campaigns in recent American retail history. Chief Executive Ryan Cohen launched it on May 3 with a non-binding offer of $125 a share in cash and stock, valuing eBay at roughly $56 billion. eBay’s board rejected it nine days later, describing the approach as neither credible nor attractive and saying it had confidence in its existing management.

What replaces it would be a commercial arrangement built around physical locations. GameStop runs roughly 1,600 stores across the United States. eBay runs a fee-based online marketplace with no storefronts of its own. Under the arrangement being weighed, those stores would serve eBay’s business in the categories where both companies are trying to grow — trading cards and collectibles, which carry far better margins than used game discs or consumer electronics.

The logic is more practical than it sounds. Expensive collectibles change hands online only when a buyer trusts that the card is authentic and will arrive intact. Authentication and shipping are the friction points in that market, and they are physical problems that a website cannot solve on its own. A network of stores within a short drive of most of the country gives eBay somewhere to send cards for grading, verification and fulfillment without building that infrastructure itself. Cohen made a version of this argument publicly in July, saying the combined footprint would put an authentication point within about a 15-minute drive of roughly 80% of the population.

Money is the reason the takeover stalled. GameStop set out to buy a company several times its own size, and doing that requires enormous borrowing or the creation of enormous amounts of new stock. Cohen proposed both. His financing consisted of a non-binding commitment worth about $20 billion from TD Securities, and that facility carried a condition: the combined company would have to earn an investment-grade credit rating after the deal closed. That circular requirement — the debt depends on the credit rating, the credit rating depends on the debt working out — is what critics never got past. Moody’s warned in May that the structure would be credit negative for eBay because of the leverage involved.

Cohen spent the summer escalating rather than retreating. GameStop built its position in eBay to 9.8%, or about 43.4 million shares, according to its July filings, making it one of the marketplace’s largest owners. He forfeited a performance-based compensation award in June, a move widely read as a signal that the acquisition had become his singular focus. In a July interview he declined to say whether he would raise the price, saying only that he would not negotiate against himself and that “we’re coming for eBay one way or another.” He has repeatedly said he would take the case directly to shareholders if the board refused to engage.

A partnership would sidestep the machinery an acquisition requires. There would be no antitrust review of a merger, no vote by either company’s owners, and no need for GameStop to issue the vast block of new shares that unsettled its own investor base. What GameStop would give up is control. What it would gain, if eBay agrees, is board representation and a role inside a marketplace it cannot afford to own.

It would also let Cohen keep the part of the plan that always made the most sense to retail analysts. The strategic case for combining a store chain with a marketplace was never really about ownership; it was about pairing eBay’s reach in collectibles with somewhere physical to handle the goods. A joint venture delivers that pairing without the balance sheet gymnastics.

eBay has not said whether it would entertain the idea, and neither company commented on the reporting. Cohen has not ruled out other options, and the people describing the discussions cautioned that he could still land somewhere else entirely — including simply holding the stake and continuing to press from the outside, which is the position he already occupies as one of eBay’s biggest shareholders.

JBizNews Desk | New York

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Apple has abandoned the all-glass iPhone it had planned as a 20th-anniversary showpiece, and the reason is a manufacturing one: too few of the glass bodies coming off the line were usable. Supply-chain checks by Jefferies found the device, which had been expected in September 2027, was dropped because of poor production yield. That single engineering failure removed the most expensive iPhone Apple had on its drawing board, and on Monday it cost the company its rating.

Jefferies downgraded Apple to Underperform from Hold and cut its price target to $263.66 from $285.56. Apple closed Friday at $313.33, so the new target sits roughly 16% below where the stock finished last week. Shares slipped more than 1% ahead of Monday’s open, though part of that decline was mechanical: the stock went ex-dividend for its quarterly payout of 27 cents a share.

The logic behind the call is straightforward. Apple sells roughly the same number of phones each year, so the way it grows iPhone revenue is by charging more per handset. The all-glass model was the vehicle for that. Jefferies had estimated the device would carry a blended retail average selling price of $2,060, and Apple’s plan was to carry the all-glass design forward into future Pro and Pro Max models to lift their pricing and margins as well. Analyst Edison Lee wrote that the cancellation shows introducing new iPhone form factors to drive higher selling prices is harder than expected.

With that path closed, Jefferies rebuilt its math. The firm lowered its expected annual growth rate for iPhone average selling prices between fiscal 2026 and fiscal 2031 to 6.8% from 9.0%, and trimmed earnings-per-share estimates for fiscal 2028 and 2029 by 2.1% and 3.4%. Those cuts assume unit sales hold steady — meaning the entire reduction comes from Apple charging less per phone than previously modeled.

That leaves one product carrying the premium strategy. Lee called the foldable iPhone, due to arrive in September 2026, the only near-term driver of higher selling prices and margin. But he warned that surging memory costs, driven by artificial intelligence demand, could push its starting retail price above $2,000, potentially making it a niche product with limited sales volume. Rising memory prices also threaten the storage upgrades Apple typically uses to move buyers up its price ladder, either raising component costs or forcing those upgrades to be pulled.

Lee also addressed a piece of market chatter that had been read as a signal of coming iPhone 17 price increases. Apple raised trade-in values for the iPhone 15 and 16 in several markets, but cut trade-in prices for the iPhone 16 Pro and Pro Max in China by 5% and 2%. Because those values are renegotiated monthly with regional dealers, Jefferies said the moves may carry no implication for new iPhone pricing at all — though richer U.S. trade-in offers could pull demand forward into the iPhone 17 cycle and leave the iPhone 18 with a weaker starting position.

One American supplier came through the news intact. Corning shares rose despite the cancellation. The company struck a partnership with Apple in August 2025 to manufacture all iPhone and Apple Watch cover glass in Kentucky — an arrangement tied to the glass Apple ships today rather than to the abandoned all-glass design.

The downgrade lands on a stock that had already lost its shine with analysts. Six firms now carry sell-equivalent ratings on Apple, matching the most since 2012, with KeyBanc Capital Markets cutting to underweight last month. The consensus recommendation stands at 3.88 out of five, the lowest since 2019, and fewer than 60% of analysts rate the stock a buy — far below Microsoft, Amazon and Nvidia, each endorsed by more than 90% of covering firms. Even so, Jefferies remains in the minority: of 47 analysts covering Apple, 30 rate it buy or strong buy, according to LSEG data.

Apple shares have been under pressure since the company’s most recent results. Management guided fiscal fourth-quarter revenue growth to 9% to 11%, below the 12% Wall Street expected, and warned that memory cost inflation would weigh on margins in coming quarters. The stock remains well below its 52-week high of $344.57. It is still up about 15% for the year. A representative for Apple did not immediately respond to a request for comment made outside normal business hours.

JBizNews Desk | Wall Street

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Good morning, everyone, and welcome to another working week. We hope the weekend respite was relaxing and invigorating because that oh-too-familiar routine of meetings, deadlines, and the like has returned with a vengeance. You knew this would happen, yes? To cope, we are relying, as always, on a cuppa stimulation. Our choice today is honeybush vanilla turmeric. Feel free to join us. Remember, no prescription is required. Meanwhile, here are some tidbits to help you along. Best of luck accomplishing your goals today and, of course, do keep in touch. …

Sanofi is experiencing shortages of two medicines used to treat Pompe disease, and the problem emerged shortly after the U.S. Food and Drug Administration warned the company over manufacturing issues at the Irish facility where the drugs are made, STAT reports. In recent days, the drugmaker has alerted patient groups and physicians in both the U.S. and Europe that supplies of Myozyme, an older standard of care, and Nexviazyme, a newer treatment, are dwindling due to what has been described as a bottleneck in the final manufacturing phase, as well as quality control issues at its Waterford plant.

Jazz Pharmaceuticals agreed to buy Actio Biosciences in a deal valued at ​up to $1.32 billion, adding an experimental treatment for ‌a rare inherited form of epilepsy that has no approved therapies, Reuters notes. The treatment, called ABS-1230, is being developed for KCNT1-related epilepsy, ​a severe disease that causes frequent seizures ​and developmental problems in children. KCNT1-related epilepsy affects about ​2,500 patients in the U.S., according to the company. ABS-1230 reduced seizures in ‌an ⁠early study of children and is being evaluated in a study intended to support a U.S. approval application.

Continue to STAT+ to read the full story…

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The Midwest is no longer simply a lower-cost alternative for homebuyers priced out of coastal markets.

Increasingly, it is becoming a destination in its own right, with Grand Rapids, Michigan, emerging as one of the clearest examples affordability redirecting housing demand across the country.

According to HousingWire Data, Grand Rapids has seen a 93.3% year-over-year increase in new pending home sales, the largest gain among major U.S. metros.

Weekly pending contracts climbed from an average of 194 in August 2025 to 375 by July 2026 — a sharp increase that highlights growing buyer interest in one of the nation’s most competitive housing markets.

The surge comes as buyers continue searching for markets where salaries stretch further and homeownership remains attainable.

Jeanette Schneider, president of REMAX Southeastern Michigan, said Grand Rapids has become increasingly attractive to buyers looking for both affordability and opportunity.

“[Grand Rapids] has really become a sought-after part of the state,” she told HousingWire. “It’s attractive to young professionals specifically, as well as young families, those starting out. For sellers in Grand Rapids, I think that they’re trying to find that sweet spot.

“If they’re working with a good agent, they’re trying to strike that balance of pricing it right from the beginning because nobody wants to overshoot and have to do a price reduction.”

The affordability advantage remains substantial compared to many other areas.

HousingWire Data shows the median list price for a single-family home in San Jose, California, at $1.699 million. Seattle stands at $899,000, Boston at $929,000, New York at $799,000 and Washington, D.C., at $749,900.

By comparison, Cleveland’s median list price is $259,900, Detroit’s is $270,000, St. Louis comes in at $300,000 and Indianapolis at $339,900. Even Madison, Wisconsin — the most expensive major Midwest market in the analysis at $535,000 — remains dramatically more affordable than many coastal markets.

For households with remote or hybrid work arrangements, that price gap can mean the difference between struggling to enter the market and purchasing a larger home with lower monthly costs.

“Affordability is top of mind for many buyers right now,” said Schneider. “Overall, the market is solid. I would like to see more activity. I was hoping this year would give us more activity than what we’ve seen, but the last couple of months have been a bright spot. We hope, maybe, that trend can continue for a little bit.”

Demand spreads across Midwest markets

Grand Rapids is not the only Midwest market seeing increased activity.

Madison posted a 31.5% increase in new pending sales from a year earlier. Cleveland climbed 11.6%, while Detroit rose 5.6%. Milwaukee, Des Moines, Iowa, and St. Louis also recorded positive growth.

Meanwhile, several high-cost coastal markets are moving in the opposite direction. New pending sales declined 14.0% in San Jose, while Seattle and New York each fell 6.9%. Los Angeles slipped 1.2%, San Francisco was essentially flat, and Indianapolis recorded an 11.9% decline as affordability pressures weighed on demand.

The same trend is visible in supply.

Grand Rapids has just one month of housing inventory. Milwaukee sits at 1.3 months, Cleveland at 1.6 months, while Columbus and Detroit remain below two months.

“As far as inventory is going, we seem to be unusual compared to the national statistics,” said Amy Sprengle, broker-owner of Milwaukee-based REMAX Forward. “Southeastern Wisconsin seems to still [lean] towards the sellers. Most of the agents in the office are getting inspections on their listings. They’re getting inspections for their buyers. Houses are sitting a little bit on the market unless they’re priced competitively.”

Grand Rapids has a median days on market of 28 days, the fastest among the metros analyzed.

Milwaukee and Cleveland average 35 days, while Detroit stands at 42 days. Austin, by comparison, has a median of 63 days on market and Miami 84 days.

Sprengle said Milwaukee and surrounding communities continue to attract interest because buyers can simply find more space and lower costs.

“Milwaukee County [home prices] are averaging in the four hundreds,” she said. “I live in New Berlin, which is a suburb that’s probably averaging more in the six to 700,000 range on average, give or take. There’re a lot of lake homes in Racine County too. That sometimes draws interest from Chicago and Illinois because they come up north and they pay a fraction of what property taxes are in Illinois.”

Columbus shows power of jobs-affordability combo

Ohio provides another example of affordability continuing to attract buyers.

In Columbus, new pending sales have risen modestly year-over-year, while local agents say migration into central Ohio remains strong as employers continue expanding throughout the region.

Stacey Lambright, an eXp Realty agent based in Columbus, said buyers relocating from higher-cost markets are often surprised by how much purchasing power they gain.

“You take $700,000 [home prices] into consideration, because this is what they were coming from,” she said. “Where they’re from, that’s a starter home, and it’s an older starter home at that, or a condo. And they come to Columbus, and for us, that’s our luxury market. It’s higher square footage. People are often surprised that includes a basement, too.”

Lambright said affordability is not just about home prices but also about employment opportunities that support long-term growth.

“People often think affordable just means the housing,” she said. “We have Intel coming in with so many job opportunities. You take the availability of the job opportunity and then affordable housing — that’s why I see we’re seeing our influx.”

Continued investment from major employers could help Columbus maintain affordability while expanding its housing market.

“We still have plenty of room to build and the grow,” Lambright said when asked whether rising demand could eventually undermine Midwest affordability. “There’s no direction we can’t go with geographical expansion. Especially Columbus, with Intel coming in and Honda reinvesting in our area. We have Facebook, Google, Amazon, too. Our builders here are focused on bringing in even more affordability.”

A lasting shift toward value

Schneider said Michigan’s recent momentum represents a healthy change rather than an unsustainable surge.

“What I think the Midwest is seeing, and seeing in Michigan specifically, is we’re certainly getting a tailwind that we haven’t had for a long time,” Schneider said. “For the first time in about 35 years, Michigan has actually had more people moving into it than leaving. But it’s not so much yet that it has anybody sounding an alarm bell.”

Taken together, the data point to a housing market increasingly defined by value rather than prestige.

Markets such as Grand Rapids, Milwaukee, Columbus, Cleveland, Detroit and Madison are no longer viewed simply as affordable alternatives to coastal cities.

They are becoming primary destinations for buyers seeking stronger purchasing power, expanding job opportunities and more realistic paths to homeownership.

As long as the gap between Midwest and coastal home prices remains wide, the affordability migration still has room to run — and Grand Rapids remains one of its strongest symbols.

This post was originally published on here. 

A bank that has been open for business for roughly six months is in advanced talks to sell a stake to investors at a price that values it at $8 billion — more than the market value of several established regional banks that have been lending for a century.

Erebor is close to raising about $1.5 billion in new funding at an $8 billion pre-money valuation, meaning the figure applies before the fresh capital is counted. The Financial Times first reported the talks. The round has not closed. Demand has been heavy and the deal could be finalized within weeks, according to people familiar with the discussions.

Lux Capital, Human Capital, Valor Equity Partners and Andreessen Horowitz are among the firms committing to the round. Existing backers including Joe Lonsdale’s 8VC and Haun Ventures are expected to stay in. Erebor’s last round, a $350 million raise led by Lux Capital in December, valued it at $4.35 billion. The new price would nearly double that in about seven months.

What the bank does

Erebor was built to fill the hole left when Silicon Valley Bank collapsed in 2023. That failure removed the one large American lender that understood how to bank companies with unusual balance sheets — no profits, lumpy revenue, government contracts, or assets held in digital currencies. Most banks looked at those businesses and declined the account.

Erebor is headquartered in Columbus, Ohio, and targets artificial intelligence companies, defense contractors, advanced manufacturers and crypto-related businesses. Its products include stablecoin functionality built directly into the bank, lending against digital asset holdings, and payments infrastructure that other companies can plug into. A crypto-native company can borrow against its bitcoin or accept stablecoin payments without stitching together a set of outside fintech services.

It was founded by Palmer Luckey — who started the virtual reality company Oculus and now runs the defense contractor Anduril — along with Owen Rapaport, Jacob Hirshman, Trevor Capozza and Aaron Pelz. Luckey sits on the board. Joe Lonsdale is a co-founder, and Peter Thiel is among the backers.

The growth behind the price

The valuation rests on deposits, and the deposits have moved fast. Erebor launched with roughly $635 million in initial capital and received its national banking charter in February 2026, the first granted under the current administration — the approval that let it operate across state lines at scale. It held $1.1 billion in deposits at the end of March. By the end of July that figure had reached $4.6 billion, and the bank has passed $100 million in annualized recurring revenue. It expects to turn a profit by the end of the year.

Deposits are the raw material of banking. A bank takes them in cheaply and lends them out at a higher rate, and the spread is the business. Quadrupling a deposit base inside four months is the kind of growth that draws investors and, historically, draws examiners as well.

Luckey has addressed the obvious question directly, saying none of the deposit growth in the quarter came from his own companies and that hundreds of new customers chose the bank on their own. The bank added close to 400 customers over three months. Demand for crypto-backed lending, meanwhile, has come in below what management expected.

The scrutiny

The speed of the charter approval has been questioned in Washington. Senator Elizabeth Warren has raised serious concerns, asking whether the founders’ political connections eased the path through regulators. Erebor received preliminary approval from the Office of the Comptroller of the Currency in October 2025 and final approval to operate as a national bank in February.

The bank has been adding conventional banking experience to its board, including former U.S. official Michael Mosier and former American Express executive Anré Williams.

Why it matters beyond Silicon Valley

The lesson in Erebor’s numbers applies well outside the technology sector. Silicon Valley Bank’s failure showed what happens when a single institution concentrates an entire industry’s deposits, and its collapse left thousands of companies scrambling for somewhere to put payroll money. Three years on, a replacement has emerged that is once again concentrated — this time across AI, defense and digital currency businesses, sectors that tend to rise and fall together.

For any business owner, the question Erebor raises is a practical one worth asking of your own bank: what happens to your operating account if your lender’s core customers hit a rough patch at the same time? Diversifying banking relationships costs almost nothing to set up. In 2023, the companies that had done it kept making payroll while the ones that had not spent a weekend waiting on a federal decision.

JBizNews Desk | Columbus

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There were 666 commercial Chapter 11 bankruptcy filings made in the United States in July, a 27 percent drop from a year ago, according to the American Bankruptcy Institute (ABI).
Chapter 11 bankruptcy allows a business to reorganize its debts so it can continue operating and eventually become solvent. In addition to a decline in Chapter 11 filings, overall commercial bankruptcy filings declined in July, falling by 8 percent year over year, ABI said in an Aug. 6 statement.
The decline in July’s commercial filings followed improved economic conditions in June. The 12-month inflation rate declined in June from the previous month after surging for three consecutive months….

This post was originally published here. 

The rush by U.S. retailers and manufacturers to bring goods into the country ahead of higher tariffs and shipping costs is beginning to fade, setting up a slowdown in container imports through the rest of the year even as stores remain stocked for the holiday season.

A new Global Port Tracker forecast from the National Retail Federation and Hackett Associates says cargo volumes at major U.S. ports should remain elevated in August before declining steadily during most of the remainder of 2026.

The reason is timing.

Companies pulled shipments forward earlier this year to avoid a new round of U.S. tariffs and higher fuel surcharges tied to the war with Iran. Goods that ordinarily would have arrived in late summer or fall instead landed months earlier.

The slowdown therefore does not necessarily mean Americans suddenly stopped buying. It means businesses already imported some of the merchandise they would normally be bringing in now.

That distinction matters for interpreting port traffic.

Retailers account for roughly half of U.S. container imports, and years of pandemic disruptions, tariff changes and geopolitical shocks have made large companies increasingly sophisticated about moving inventory early when they see costs or supply risks rising.

The traditional “peak shipping season” once arrived in late summer and early fall as retailers prepared for the holidays. This year, Global Port Tracker believes the busiest month may already have occurred in May.

August imports at the major ports covered by the report are forecast at about 2.2 million twenty-foot-equivalent containers, down 4.2% from a year earlier. Volumes are then expected to decline through most of the rest of the year, although they are still forecast to remain above 2025 levels.

For consumers, the encouraging part is inventory.

The National Retail Federation says retailers should be well stocked for the holiday shopping season because so much merchandise arrived early. That reduces the immediate risk of empty shelves even as fewer containers arrive later this year.

But bringing goods in early does not make the added costs disappear.

Freight companies say ocean shipping prices are likely to remain elevated because fuel and canal surcharges do not automatically fall when cargo demand softens. Importers also must eventually absorb the tariffs that motivated much of the front-loading in the first place.

That creates a second-stage question for retailers: how much of those higher costs can they absorb themselves, and how much will eventually be passed to shoppers through higher prices?

The ports are beginning to slow, but the economic impact of the import rush is still moving through warehouses, stores and ultimately consumer prices.

JBizNews Desk | Los Angeles

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By Julia Parker – JBizNews Desk

NEW YORK — National Football League executives are accelerating a renewed push into Europe, aiming to turn international games, sponsorships and media deals into a larger revenue stream for team owners after an earlier European venture lost about $400 million. The strategy matters for broadcasters, sponsors and investors because the league is seeking growth beyond a mature U.S. market.

The effort is being led in part by Chief Marketing Officer Tim Ellis, as the NFL works to deepen its presence in London, Germany and Spain through regular-season games, local partnerships and year-round fan engagement. The league is not simply reviving NFL Europe, the standalone development league that shut down in 2007 after years of losses.

Instead, the NFL is exporting its core product: games featuring established U.S. franchises whose brands already command premium television audiences and sponsorship rates. Owners have approved expanding the international schedule to as many as eight regular-season games a year, giving the league more inventory to sell without creating new teams or bearing the fixed costs that weighed on its earlier model.

“Becoming a global sport is a major strategic priority for the league and 32 teams,” Commissioner Roger Goodell said when owners approved the expanded international-game framework. “Increasing international games will allow us to expand our global footprint and share our game with more fans around the world.”

The commercial stakes are significant. The NFL remains the most powerful sports property in the United States, but domestic media-rights growth is increasingly tied to already-large contracts with television networks and streaming platforms. International markets offer additional sponsorship categories, merchandise sales, ticket revenue and audience data that can support future rights negotiations.

Europe is central to that plan because the league has already established regular-season demand there. London has hosted NFL games for years, Germany has delivered strong attendance and television interest, and Spain is becoming part of the league’s next phase. The NFL’s bet is that scarcity — a limited number of meaningful games — can create stronger pricing power than a full local league did.

For teams, the expansion creates new commercial territory. Through the league’s Global Markets Program, clubs can build fan bases, sell sponsorships and stage events in assigned countries. That gives owners another path to increase franchise value, particularly as private-equity investors and institutional capital show growing interest in sports assets.

The challenge is converting curiosity into durable spending. American football still competes in Europe with soccer, Formula One, tennis and basketball for media attention, corporate sponsorship and consumer time. The NFL also faces logistical costs, travel concerns for players and the need to make games accessible to fans in different time zones.

Media distribution will be a key test. Streaming has made it easier for overseas fans to follow teams without relying solely on traditional broadcasters, while social platforms give the league a cheaper way to market highlights and personalities. But sustained revenue growth will depend on whether international audiences watch full games, buy merchandise and support sponsors beyond one-off events.

The league’s current approach reflects a more disciplined business model than its earlier European experiment. Rather than funding a parallel league, the NFL is using established franchises, existing broadcast relationships and sponsor demand to test how much international revenue can be added with relatively limited new infrastructure.

If successful, the European push could provide the NFL with a template for broader global expansion while giving owners another lever for revenue growth. If demand proves shallow outside marquee events, the league may again face limits on how far America’s biggest sport can travel commercially.

JBizNews Desk | New York

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There are approximately 50,000 North Korean troops waiting for deployment to Russia, Ukrainian President Volodymyr Zelensky wrote on X/Twitter on Saturday.

“At first, we were talking about hundreds, then thousands, and now a decision has been made for 30,000 to 50,000 North Koreans to be deployed on the territory of Russia,” he wrote.

He did not elaborate how he gained the information.

In July, Zelensky said that the Kremlin was seeking 30,000 additional North Korean troops for its war against Ukraine.

Since 2024, Pyongyang has provided anywhere between 11,000 and 14,000 troops to assist Moscow.

A man photographs parts of an unidentified missile, which Ukrainian authorities believe to be made in North Korea and was used in a strike in Kharkiv earlier this week, amid Russia's attack on Ukraine, in Kharkiv, Ukraine January 6, 2024. (credit: REUTERS/VYACHESLAV MADIYEVSKYY)

North Korea supplies Russia with missiles, artillery launchers

This month, an official at Ukraine’s military intelligence told Reuters that a North Korean missile unit has begun deploying to western Russia and could be equipped with 120 ballistic missiles and six launchers for strikes against Ukraine.

North Korea has supplied Russia with millions of artillery and mortar rounds, ballistic missiles, long-range artillery and multiple-launch rocket systems, according to Ukrainian and independent assessments.

Zelensky also said on Saturday that troops have also found North Korean missiles in Ukrainian territory.

“It is absolutely clear that North Korea will continue to build its experience in modern warfare, receive licenses from Russia, and receive all kinds of military tools from them,” he wrote. 

“They are studying this war. If we are talking about crises and escalation in another region – in the Pacific – which could pose a threat to other Asian countries, then North Korea will certainly gain experience in modern warfare under Russia.”

He urged South Korea to cooperate more closely with Ukraine, adding that Kyiv was ready to strike drone deals with the country and that respective diplomats were in contact with each other.

This comes as Ukraine is notably short on interceptor missiles to defend itself against Russian ballistic missile attacks.
Zelensky said that three people were killed and 37 wounded in the eastern Ukrainian city of Kharkiv, where a multi-story apartment block was hit, on Sunday.

Authorities in Russia’s Belgorod said five were killed and 25 wounded by a Ukrainian drone attack.

Russia’s Defense Ministry further claimed that Russian forces took control of the villages of Vasyutinske and Toretske in Ukraine’s eastern Donetsk region on Sunday.

This post was originally published on here. 

Several Palestinian analysts affiliated with Hamas dismissed Israel’s official rejection of the Board of Peace’s recent 15-point Gaza plan, arguing that Israel will be compelled to accept the terms of the agreement due to American and international pressure. 

They welcomed Hamas’s public apparent commitment to move forward with the roadmap despite Israeli opposition to the proposal, which conditions withdrawal on the full disarmament of Hamas, and claimed that Hamas’s stance demonstrates that the Palestinian side is not the obstacle to progressing to the next phase of the agreement.

Fayez Abu Shamala, a Gaza-based prominent analyst associated with Hamas, described Prime Minister Benjamin Netanyahu’s public statement as “election rhetoric with no connection to reality.”

“The enemy will be forced, against its wishes, to stop targeting people in Gaza and will expand work at the border crossings in the coming days.” Abu Shamala wrote on social media. “The enemy has lost the war in Gaza; the matter is settled,” his post read.

“Israel rejects the 15-point Gaza document proposed by the Board of Peace,” Netanyahu said on Sunday, adding, “The IDF will not carry out any withdrawal until Hamas is genuinely disarmed.”

A wide view shows rows of tents filling the courtyard of a heavily damaged shelter complex in the Al-Faluja area of Jabalia refugee camp in the northern Gaza Strip on July 30, 2026. (credit: Ahmed Al Arini / Middle East Images / AFP via Getty Images)

Hamas’s response to Netanyahu’s rejection

In response to Netanyahu’s public statement, Hamas said it affirms its adherence to what was agreed upon with the mediators and the Board of Peace. “We will continue to engage positively and responsibly with efforts aimed at completing the implementation of the roadmap, in a manner that guarantees an end to the suffering of our people and projects their rights and national interests,” the terror organization said.

Ibrahim al-Madhoun, another Palestinian analyst affiliated with Hamas, said that “Israel’s rejection of the plan confirms that the problem does not lie solely with the Palestinian side.” He added that “the current situation raises real concerns that Israel’s goal is to empty Gaza of its residents,” and emphasized that this moment “demands Palestinian unity more than ever before.”

A Palestinian political source unaffiliated with Hamas offered a different perspective, claiming that Hamas had anticipated Israel’s rejection of the plan. From a Palestinian perspective, “Netanyahu will not take any action before the Israeli elections,” they told The Jerusalem Post.

“Hamas has been waiting and hoping for this, so it can delay the issue of disarmament and also await the outcome of the elections in Israel,” they added.

Israel trying to dictate conditions of deal

One Palestinian Authority (PA) official said that Israel is trying to dictate the conditions of the deal, adding that the Palestinian leadership in Ramallah wasn’t surprised by Netanyahu’s statement.

“It was clear to us that Netanyahu’s government is not serious. We didn’t believe they would agree to implement the plan,” he said. “It shows that this government is not a partner for peace, but only for war,” the Palestinian official told the Post.

“Our position on Hamas’s weapons is clear; they need to be handed over to the legitimate Palestinian authority. But while Hamas has shown seriousness and made concessions because it was in their interest to reach a deal, Israel hasn’t made any,” the PA official claimed, referring also to Netanyahu’s statement on Sunday that “there will be no Palestinian state.”

Mohammed Dahlan, a prominent Palestinian politician said to have been engaged in the efforts to reach the Gaza roadmap, responded harshly, describing the Israeli rejection as “a challenge, contempt, and deception toward President Trump’s team, after the significant progress made by the Palestinian side.”

Dahlan claimed that the Americans and the mediators now “realize that Netanyahu is an obstacle to achieving security and stability,” noting in a post he wrote that the Israeli government “proves that what governs its behavior is a denial of Palestinian rights.”

This post was originally published on here. 

Dexcom raised its full-year sales outlook after demand for continuous glucose monitors continued expanding among people seeking a simpler alternative to repeated finger-prick testing.

Continuous glucose monitors use a small wearable sensor to measure glucose levels throughout the day and send readings to a smartphone, receiver or compatible insulin device. Unlike traditional testing, users do not need to puncture a fingertip each time they want a reading.

That convenience is helping CGMs move from a specialized product for insulin-dependent patients toward a more common tool across diabetes care. Rising awareness, broader insurance coverage and new devices aimed at people who do not use insulin are expanding the number of potential users.

Dexcom now expects 2026 revenue of $5.18 billion to $5.25 billion, lifting the low end from its previous range of $5.16 billion to $5.25 billion. The revised outlook represents anticipated growth of approximately 11% to 13% from 2025.

For consumers, stronger demand can create a mixed outcome. Higher sales may support more production, wider pharmacy availability and continued investment in smaller or longer-lasting sensors, but it does not guarantee lower out-of-pocket prices.

Insurance coverage remains one of the biggest factors determining access. Some plans cover continuous monitors broadly for people using insulin, while requirements can be stricter for patients with Type 2 diabetes who manage their condition through medication, diet or exercise.

Coverage rules have gradually expanded as research has shown that real-time glucose information can help patients understand how meals, activity, stress and medication affect their blood sugar. Seeing those changes immediately can make the information easier to act on than a small number of isolated finger-stick readings.

Dexcom has been targeting that larger population through Stelo, its over-the-counter glucose sensor designed for adults who do not use insulin. Because it can be purchased without a prescription, Stelo gives consumers another path to glucose monitoring outside the traditional insurance and physician-approval process.

That broader access also shifts more of the cost directly to consumers. Over-the-counter availability can remove prescription barriers, but buyers may still need to pay the full retail price if their insurance plan does not cover the device.

A redesigned Stelo app introduced this year uses artificial intelligence to help users identify patterns in their glucose readings. The company is positioning those insights as a way to make large amounts of health data more understandable rather than leaving consumers to interpret every spike and decline on their own.

Such features could make glucose monitors more useful for people who are new to the technology, though automated insights do not replace medical advice. Users still need to understand the device’s instructions, limitations and safety warnings before making treatment decisions.

Competition is intensifying as Dexcom, Abbott Laboratories and Medtronic seek a larger share of the growing market. Rivalry could encourage longer sensor life, simpler insertion, better smartphone integration and lower manufacturing costs.

Price competition has been slower because reimbursement systems differ by insurer, pharmacy benefit manager and country. Consumers can face sharply different costs for the same device depending on their health plan, deductible and eligibility requirements.

Dexcom’s G7 platform remains central to its growth. The wearable sensor provides readings without routine finger-stick calibration and is designed to connect with compatible smartphones and diabetes-management systems.

Longer-lasting sensors are becoming particularly important because each replacement creates additional cost and inconvenience. Extending wear time can reduce the number of sensors a patient needs annually, although total savings depend on how manufacturers and insurers price the product.

Profitability also improved during the quarter. Dexcom reported net income of $249.1 million, up from $179.8 million a year earlier, while adjusted earnings reached 70 cents per share.

Higher margins give the company more room to fund manufacturing expansion, product development and clinical studies. Dexcom ended June with approximately $1.95 billion in cash, cash equivalents and marketable securities.

The company is also studying whether continuous monitoring can benefit people with Type 2 diabetes who do not take insulin. Positive results could influence physicians, insurers and government programs deciding how broadly the devices should be covered.

That reimbursement decision may ultimately matter more to consumers than quarterly sales growth. A monitor that is available but unaffordable offers limited value, particularly for patients already paying for medications, physician visits and other diabetes supplies.

Employers and health plans are also watching whether expanded CGM use lowers long-term medical spending by helping users avoid emergency treatment, hospitalization and complications associated with poorly controlled blood sugar.

Proving those savings could accelerate coverage. Without strong evidence, insurers may continue restricting access to patients considered at highest medical risk.

The next major consumer test will be whether rising competition and production scale begin reducing the cost of continuous monitoring. Until then, Dexcom’s higher forecast shows that demand is growing faster than the system’s ability to make the technology equally affordable for every patient who could benefit.

JBizNews Desk | San Diego, California

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The federal government has begun stripping Network for Hope of the certification that allows it to serve as the federally designated organ procurement organization for Kentucky and parts of Indiana, Ohio and West Virginia, after repeated reviews found serious patient-safety failures that regulators say were not adequately corrected.

The Department of Health and Human Services announced the action in Lexington on Aug. 5. The process is now underway but is not yet complete, and Network for Hope says it will appeal.

An organ procurement organization, or OPO, coordinates organ donation after a hospital determines that donation may be possible. It evaluates donor suitability, works with families, arranges recovery and helps move donated organs into the transplant system. Network for Hope’s federal designation is overseen through the Centers for Medicare & Medicaid Services, making decertification an existential threat to its ability to continue operating as the region’s OPO.

The most serious issue is not paperwork or performance. It is whether patients were being placed into the organ-donation process when they should not have been.

Between 2021 and 2024, the Health Resources and Services Administration reviewed 351 Network for Hope cases in which organ donation had been authorized but ultimately was not completed. Federal investigators found 103 cases — 29.3% — with concerning features, including 73 patients who showed neurological signs considered incompatible with organ donation.

HHS also said some potential donors may not have been deceased when the procurement process was initiated.

Investigators cited poor neurological assessments, inadequate coordination with medical teams, questionable consent practices and misclassification of causes of death, particularly in overdose cases.

That distinction matters because an OPO does not have the authority to declare someone dead. The determination belongs to the treating hospital physician. Only after the appropriate declaration can the procurement organization assume responsibility for coordinating recovery and matching organs with transplant recipients.

Network for Hope had already been placed under heightened federal scrutiny. HRSA identified significant safety concerns in 2025 and directed the Organ Procurement and Transplantation Network to impose a corrective-action plan and monitoring program.

HRSA and CMS then conducted separate reviews to determine whether the problems had been resolved. Both concluded that the organization had not demonstrated sufficient improvement.

A separate CMS review completed in May found continuing quality concerns involving donor evaluation, review of adverse events and administration. Those findings became part of the basis for beginning the decertification process.

Health Secretary Robert F. Kennedy Jr. said organizations that repeatedly fail federal standards and put patients at risk will be held accountable. CMS Administrator Mehmet Oz said the action was also intended as a warning to other providers participating in federal health programs that patient safety and stewardship of taxpayer dollars are conditions of continued participation.

Network for Hope disputes the government’s conclusions. Chief Executive Barry Massa said the organization strongly disagrees with Kennedy’s decision and will appeal. He said Network for Hope complies with transplant-network policies and has implemented a “pause in procedure” safeguard allowing concerns about a potential donor to stop the process.

Kentucky has since incorporated such a pause requirement into state law.

For hospitals across the four-state service area, the immediate question is continuity. HRSA Administrator Tom Engels said patients served by Network for Hope will continue receiving care while CMS works through the replacement process and federal officials monitor the transition.

The enforcement action is highly unusual. Until 2025, the federal government had never decertified an OPO. CMS moved last year to terminate Miami-based Life Alliance Organ Recovery Agency after finding longstanding deficiencies, and a replacement organization began serving South Florida this year.

The scrutiny surrounding Network for Hope predates this week’s announcement. One of the most prominent cases involved a Kentucky man who survived after reportedly showing signs of consciousness while organ-recovery preparations were underway. Federal findings later broadened the issue far beyond a single patient, identifying dozens of cases involving neurological signs that should have raised concerns about donor eligibility.

The stakes extend beyond one organization. More than 100,000 Americans are currently waiting for organ transplants, and the federal government is trying to tighten safety rules without disrupting a system that depends on rapid coordination among hospitals, OPOs and transplant centers.

If Network for Hope loses its certification after the appeal process, another organization will have to assume responsibility for organ procurement across its territory. The government’s challenge will be replacing the provider without interrupting donations or delaying transplants — while restoring confidence that every potential donor is protected before organ recovery begins.

JBizNews Desk | Lexington, Kentucky

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The Mecca Joint Defense Agreement is likely to be viewed by Tehran as a major success resulting from its aerial attacks on Gulf states, regardless of how strong the new pact proves to be, experts told The Jerusalem Post late Monday.

Emirati researcher and foreign policy expert Huda Albadi told The Post that the pact was ineffectual, describing it as a “paper tiger,” but warned that it was a sign of a concerning regional mentality emerging that would see Israel cast as the destabilizing power, not Iran.  

Though the countries announced in their joint statement on Friday that an attack on any of the trio, Pakistan, Turkey or Saudi Arabia, would be seen as an attack on them all, Iranian deputy energy minister Mostafa Rajabi Mashhadi said on Sunday that arrangements had been made for Iran to import 450 megawatts of electricity from.

The announcement came the same day that the Iranian-backed Houthi terrorist organization attacked a Saudi Arabian oil refinery and after months of attacks from Iran and its proxies in Iraq.

“Saudi Arabia has not taken any action against any of the aggressors attacking its territory, meaning Iran, the Houthis and the militias in Iraq. They have not done anything about it,” she said. “However, they are looking at Israel as if it is the enemy. It is delusional at this point because you are being attacked on a daily basis by other aggressors, but you are focusing on a country that is not interested in you and has nothing to do with you.”

Turkish President Tayyip Erdogan, Saudi Crown Prince Mohammed bin Salman and Pakistan's Prime Minister Shehbaz Sharif chat after signing a joint defense agreement in Mecca, Saudi Arabia, August 7, 2026. (credit: Murat Cetinmuhurdar/Turkish Presidential Press Office/Handout via REUTERS)

For Turkey, pact part of aspirations of Ottoman Empire

For Ankara, Albadi said the pact was part of its aspirations to return to the days of the powerful and expansive Ottoman Empire. “They try to meddle in every country they can, and it is not surprising coming from a government that is literally the Muslim Brotherhood. That is what they do. But I don’t think they are going to get anything out of it,” she said.

Though not speaking on behalf of the pact, only a day after the agreement was announced, Pakistan’s Defense Minister Khawaja Asif told Pakistan media that there should be “a united military front” against Israel, which he described as a “threat to the entire Muslim world.”

“Their attitude towards the Palestinians and their anti-Islamic mindset will not disappear. They continue to incite Muslim countries against each other,” he said, seemingly pointing blame at Israel for the attacks from Iran on Muslim states.

Albadi said that she doubted that any of the three countries truly placed blame on Israel, but that the Jewish state was a convenient scapegoat to avoid confronting Iran and Iran’s more domestic supporters. Though Sunni majority countries, Pakistan has between 20 and 40 million Shi’ites, Saudi Arabia has between two and four million, and Turkey has between seven and 20 million, according to official estimates and census data.

“Of course, they will come up with this propaganda or this narrative because that is the way to make it convenient for them so Iran can back down. But Iran is not going to back down,” she said. “Its actions, over and over again, have proven that its track record is really bad with any country you can think of. They have broken every agreement they have had… and then have the audacity to act like they are the victim.”

Iran seemingly welcomed the opportunity to adopt that narrative on Monday, when Iranian Foreign Ministry spokesman Esmaeil Baghaei celebrated the countries’ embrace of more regional powers in place of the US.

“Any plan that is based on the geopolitical and historical realities of the region, is comprehensive and inclusive, and correctly identifies the enemy and the threat, has a chance of helping to strengthen security and prevent instability and abuses by the Zionist enemy and its allies,” he added, referring to Israel.

As part of that convenient framing, the pact has also taken on a notably Sunni-Islamic religious identity, she said.

“Even in the official statement that came out of this pact, it says the pact is built on Islamic relations. It is very odd in this day and age for a country, for a state, to build relations and pacts based on religion. We are not in the seventh century. We are in 2026, yet people still use religion to appease others and appeal to their emotions,” Albadi said. “People in the Middle East are very emotional about their religion, and when they hear that the country that holds the two holy mosques is doing something, it carries a lot of weight.”

A Muslim alliance ‘against the enemies of the region,’ Israel

Even though Iran began attacking its fellow Islamic countries during Ramadan, “they want to give that this alliance is a Muslim alliance and an alliance against the enemies of the region, and what they mean by that is basically Israel.”

International relations expert Dr. Arman Mahmoudian, a research fellow at the University of South Florida’s Global and National Security Institute, told The Post that outside of further complicating Jerusalem’s aspirations to normalize with Riyadh, it also showed efforts to reduce dependence on “any single external security guarantor,” potentially reducing the weight that Washington has in the region.

“One of the incentives behind Saudi normalization with Israel had been the possibility that it could facilitate a broader package with Washington, including stronger US security commitments and cooperation on civilian nuclear energy,” he said. “If Riyadh believes that Turkey and Pakistan can supplement its security architecture, the urgency of reaching such an arrangement through normalization with Israel diminishes somewhat.”

Still, Mahmoudian advised that the “agreement should not necessarily be interpreted as Riyadh joining an explicitly anti-Israel bloc,” even if Pakistan doesn’t recognize Israel and Turkey has maintained an “extremely strained political relationship.”

He suggested that Riyadh has not yet “shut the door” on the possibility of normalizing with Israel if political circumstances change, “particularly if there is meaningful movement on the Palestinian issue.”

Mahmoudian also claimed that Tehran would have a more complicated perspective on the agreement than what Baghaei was willing to admit.

“On the one hand, Iran will be uncomfortable with the emergence of a security framework bringing together Saudi Arabia, Turkey, and Pakistan,” he outlined. ‘These are three major Sunni powers; Pakistan possesses nuclear weapons, and Turkey has one of the region’s strongest conventional militaries. Particularly following the recent confrontation between Iran and the Gulf states, Tehran cannot completely dismiss the possibility that part of the agreement’s purpose is to strengthen deterrence against Iran and Iran-aligned actors.”

However, he said, Tehran is likely to view positively the fact that security arrangements are being sought without the US’s involvement. Moreover, he continued, “if closer Saudi cooperation with Turkey and Pakistan makes normalization with Israel more difficult, that would certainly be welcomed in Tehran.”

“I would characterize the agreement less as the emergence of a coherent ‘Sunni NATO’ and more as another indication that the Middle East is moving toward a more fragmented and multipolar security architecture, in which states are hedging by developing several overlapping partnerships rather than relying exclusively on one alliance or great power,” he concluded. 

This post was originally published on here. 

I recall corresponding with a friend back in November 1959, toward the elections to the fourth Knesset. I was not yet of voting age, but my friend was, and what he wrote to me left a deep impression in my memory: “The elections will bring about no change: Mapai will win, and what was is what will be.”

Indeed, David Ben-Gurion’s Mapai received 47 Knesset seats, and Menachem Begin’s Herut party – which came in second – received 17. One could describe the situation as rigid and predictable.

It was to take another 18 years before the political “upheaval” finally shook our political system out of this stalemate – long after demographic and cultural changes had started raising emotions to dangerously high levels.

Today, our political situation is again stuck in a sort of rigidity, but one that is very different from 1959’s. This rigidity once again encourages stalemate: a situation in which the most either side can hope for is a very marginal victory – nothing that promises real stability, with no party predicted to receive more than half of the number of seats Mapai had received in 1959. I hate to think what the demographic and cultural changes behind it all might eventually bring about.

This isn’t a preordained situation, but rather is man-made. Every generation it has different causes. Today, it results from the fact that Prime Minister Benjamin Netanyahu is convinced that only his all-Right/religious coalition can ensure his political survival (which seems to be his be-all and end-all), while the rather fragile Right/Center/Left bloc facing him cooperates with this game with the “just not Bibi” slogan. 

Benny Gantz at The Jerusalem Post studio, August 3, 2026. (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

In the upcoming elections, only MK Benny Gantz (Blue and White) seeks to break this paradigm – but his chances of passing the 3.25% qualifying threshold are naught.

Until September 28, the final date that lists can register with the Central Elections Committee for participation in the elections, it is very difficult to predict the election results with any accuracy, since we do not know exactly which lists will be running.

At the moment, there are three Right/Center or right-wing groups that are considering running (Gilad Erdan/Yuli Edelstein, Yoaz Hendel/Chilli Troper, Benny Gantz/Dedi Simchi), all of which are hoping to attract former Likud voters who have not yet found a satisfactory alternative home (see below).

These groups appear to agree on the need to enlist haredim to military or national service, and disagree over which group they are unwilling to sit with in a future government. According to recent polls, none of them seems likely to pass the qualifying threshold, should they run on their own. They have about a month left to get their acts together.

We do not yet know how many Arab lists will participate in the elections, and whether one of them – Ra’am – will put former Yesh Atid MK Yoav Segalovitz in the second slot on its list as its potential candidate for National Security Minister.

There are predictions that the Arab lists will garner 10-15 Knesset seats, which will greatly affect the election results.
Another unknown is whether a new haredi party – The Haredi Public, which seeks to integrate the haredi sector more closely into Israeli society, without breaking away from the haredi community – will finally decide to run independently. 

The party was founded by the deputy mayor of Beit Shemesh Motti Leitner (who is Ashkenazi), and there are rumors that former Shas leader Eli Yishai (Sephardi) may join. Both Leitner and Yishai have served in the IDF.

Recent polls suggest opposition parties will gain six to 10 seats more than the current coalition parties

While these are some of the major unknowns that could affect the election results, there are several facts we do know.

Most opinion polls appear to agree that the current opposition parties running in the 26th Knesset elections will receive six to 10 seats more than the current coalition parties. They also indicate that Likud is liable to lose around a third of the 32 seats that it received in the elections for the 25th Knesset.

This suggests that around two-thirds of the Likud’s 2022 voters have not been convinced by the events of the last four years to change course, and that for them, Netanyahu remains “the one and only.”

In fact, events of the last four years did not raise any second thoughts among the majority of Likud voters. Inter alia, they included: attempts by the government to carry out a judicial revolution by legislative means; the October 7, 2023, Hamas-led massacre and Netanyahu’s refusal to take responsibility for it, or set up a state commission of inquiry to investigate its causes; three years of a multi-front war, at an exorbitant cost, in which Israel won some impressive battles, but attained none of its declared goals. 

Additionally, Likud voters seem unfazed by the government makeup, which has undermined Israel’s liberal democratic and Zionist principles as proclaimed by Israel’s Declaration of Independence, or by the serious malfunctions in which the current Prime Minister’s Office and government operate, or the evidence regarding Netanyahu’s faltering health and cognitive faculties.

It is said that Netanyahu is aware that, in all likelihood, the Likud will not be called upon to form the next government. In an effort to make the Likud party list more attractive, there are last-minute efforts to manipulate its primaries (to be held next Monday), and a smear campaign against Yashar leader Gadi Eisenkot, who is Netanyahu’s most serious rival for the premiership. It is said that Netanyahu is hoping for a deadlock, which would lead to another round of elections.

That is what happened after the elections to the 21st Knesset in April 2019, and again in the elections to the 22nd Knesset in September 2019. The result was Netanyahu heading Israel’s 34th government and serving for five years, through Israel’s 20th, 21st, 22nd, and the beginning of the 23rd Knesset.

Hopefully, this is not where we are heading, and that despite everything, a new, stable government will lead Israel back on track, while avoiding civil strife. We shall all be the wiser on October 28.

The writer has written journalistic and academic articles, as well as several books, on international relations, Zionism, Israeli politics, and parliamentarism. From 1994 to 2010, she worked at the Knesset Library and the Knesset Research and Information Center.

This post was originally published on here. 

A few days ago, a thanksgiving celebration was held for Elkana Levi, an officer in the Golani Brigade who was badly wounded in Khan Yunis a year ago and lost both his legs. You may remember him as “Elkana ben Orit,” the name so many people mentioned in their prayers for his recovery.

More recently, a video from the celebration went viral, showing singer Ravid Plotnik, who came to perform for him. We’ve grown accustomed to moments like these: brief, powerful, moving – and then quickly gone.

But one of the people who attended the celebration urged me to get hold of Elkana’s entire speech. Forty minutes long. Here are some of the highlights:

“Exactly one year ago today, I was blown up. Exactly one year ago today, I had no idea how much goodness there was in this world,” he declared, standing on two prosthetic legs. And then he began listing that goodness.

“I will never have the words to thank the extraordinary people who cared for me at Soroka Hospital, from the doctors to the orderlies. I felt as though I were at summer camp, with the best staff in the world. Every person there, every experience there, is a good memory for me.

The Soroka Medical Center in Be’er Sheva, southern Israel, March 30, 2026. (credit: YOSSI ALONI/FLASH90)

‘At Soroka I opened my eyes… I have felt embraced’

“At Soroka, I opened my eyes, and the first thing I saw was a picture that children from a kindergarten had sent me. From that moment on, I have felt embraced. I have no legs, but it’s hard to explain how much my heart has expanded. My happiness doesn’t depend on the number of steps I can take.”

The audience applauded, as they would dozens more times throughout the evening. It was clear to everyone that this was a moment of healing, of coming full circle.

“Already in intensive care, I was dreaming about this thanksgiving celebration. Thank you for coming,” he said.

Elkana did not gloss over the pain or the difficulty. He spoke about friends who had been killed, and about his darkest moments.

“I feel that people don’t understand me – and that they don’t understand that they don’t understand me. How can someone understand what it’s like when the battery dies in your leg, or in your wheelchair? How can someone understand what it’s like to walk so awkwardly, then try to sit down without knowing whether you’ll be able to get back up? Or to walk down the street feeling like a celebrity, as though you belong to everyone? How can someone understand what it’s like to become the center of attention before you’ve even opened your mouth?”

Throughout his speech, Elkana quoted three spiritual teachers. The first was the prophet Isaiah, whose prophecies brought messages of comfort.

“Isaiah teaches us that God has thoughts of peace and hope for all of us. That He will comfort us. He says: ‘You shall draw water with joy from the wells of salvation.’ I feel surrounded by tremendous kindness and deliverance, and I believe there are many more salvations still ahead of us.”

He also quoted Rebbe Nachman of Breslov, who wrote repeatedly about the importance of giving thanks, learning to notice the good and, as Elkana put it, “putting the good in the center.”

Elkana acknowledged every stage of the journey from his injury until that evening, thanking the people who had accompanied him along the way.

There was one particularly unusual thank-you: “I want to thank those who aren’t here with us today – my dear legs. I want to thank you for 23 years of love and devotion. I never realized how hard you worked all that time.

“Since I was injured, I’ve traveled all over the country, and everywhere I go looks familiar. That’s thanks to you. You carried me with love through so many hikes and navigation exercises. And thanks to the parts of you that still remain with me, I will merit to continue to ‘walk before the Lord in the land of the living.’”

His third teacher was the Tanya, the foundational work of Chabad Chassidic thought. Elkana quoted a profound line from the book in Aramaic, translated it into Hebrew – and then translated it into the reality of his own body: “There’s a sentence in the Tanya that contains everything: ‘Pain cries out from one side of the heart, and joy cries out from the other.’

“That is exactly what it feels like. At every moment, I know I don’t have legs. I feel that absence throughout my body. And at the same time, I am doing so well. This is one of the best periods of my life.

“So that’s my formula, and that’s my advice to others: learn to go through the pain and grow from it. To truly feel sadness, and truly feel joy – and to be able to live with those two opposites at the same time.”

Thank you, Elkana.

Do We Want to Go With the Flow – or Grow?

This week’s Torah portion, Shoftim, opens with the command: “Judges and officers shall you appoint for yourself in all your gates.”

First and foremost, this is a command to establish a functioning system of courts and law enforcement. But the verse also speaks to each of us personally. Every one of us needs to appoint our own “judges and officers,” to develop a system of self-awareness and self-scrutiny.

Rabbi Mordechai Sheinberger offered a beautiful explanation of this idea, which we studied yesterday in the weekly Zoom class of the Mitchadshot community: “Each of us has several gates that connect us to the world: the gate of sight – our eyes; the gate of hearing – our ears; the gate of speech – our mouth; the gate of smell – our nose; and the gate of touch – our hands and feet.

“Each person needs to place judges and officers at all of these gates: to purify and sanctify them, and to make proper use of them. For example, every time I look at something, I should ask myself: Is this leading me toward something good, or the opposite?

“There is hearing that can lead to wrongdoing – listening to lashon hara and gossip – and there is hearing that is a mitzvah, such as listening to Torah classes.

“The same is true of our mouths: there is speech that causes harm, and there is speech that brings blessing into the world.”

May we learn to pay greater attention to our own gates and guard them well.

5 Things to Know About the New Month of Elul

1. A month for beginning again

This Thursday and Friday we mark Rosh Chodesh Elul. The final month of the year, Elul is traditionally devoted to teshuvah – reflection, repair and return. It is a time for self-examination, improvement and starting again.

In other words, we have been given a gift: a designated period to take stock of our lives and make changes for the better as we approach the new year.

2. Why is Elul so special?

On Rosh Chodesh Elul, Moshe ascended Mount Sinai following the sin of the Golden Calf and the breaking of the first Tablets. He went up to express the Jewish people’s remorse and to ask God for forgiveness. Forty days later, on Yom Kippur, he came down carrying the second, complete set of Tablets – and with the news that God had forgiven the people.

Ever since, the forty days from Rosh Chodesh Elul through Yom Kippur have been days associated with closeness, forgiveness and reconciliation.

They carry a powerful message: we can repair what has been broken.

3. “The Lord is my light and my salvation”

Beginning on Rosh Chodesh Elul and continuing through the High Holiday season, there is a custom to recite Psalm 27 each day. It begins with the words: “The Lord is my light and my salvation.”

These powerful words, written by King David, remind us that both personally and nationally, even in the face of anxiety and threats, there is direction and purpose. There is a source of light and salvation.

4. Special prayers – and the sound of the shofar

As on every Rosh Chodesh, there are special additions to the prayers and to the Grace After Meals, including Ya’aleh Veyavo. We also recite Hallel, a collection of Psalms expressing praise and thanksgiving.

Throughout Elul, Ashkenazi communities traditionally sound the shofar at the end of the morning service.

And beginning Monday night, August 15, Sephardic communities begin reciting Selichot, the special prayers for forgiveness.

5. “I am my beloved’s, and my beloved is mine”

The Hebrew letters of the word “Elul” form an acronym for the verse: Ani l’dodi v’dodi li,  “I am my beloved’s, and my beloved is mine.” It alludes to the concept that during this month, God is especially close to us, like a beloved – and that we, in turn, are invited to draw closer to Him.

There is another beautiful expression associated with Elul: “The King is in the field.” The image is of a king leaving his palace and coming out to meet his people where they are. God is close, available, and accessible.

And so, from the bottom of our hearts, we wish one another a good month, and as we already begin saying at this time of year: Ketivah v’chatimah tovah, May we all be written and sealed for a good year!

Want to read more by Sivan Rahav Meir? Google The Daily Thought or visit sivanrahavmeir.com

This post was originally published on here. 

Sionna Therapeutics said Monday that its experimental pill for cystic fibrosis did not show any benefit when added onto Vertex Pharmaceuticals’ Trikafta in a Phase 2 trial. 

The company will no longer try to advance the drug, called SION-719, as an add-on therapy for CF patients. And it hinted at potential layoffs, saying it will “take actions to preserve capital while evaluating next steps.”

Monday’s results are a major blow to Sionna. The company was founded in 2019, the same year that Trikafta reached the market, changing the lives of tens of thousands of CF patients and earning Vertex billions of dollars.

Continue to STAT+ to read the full story…

This post was originally published here. 

Over the past 18 months, the real estate industry has experienced a massive wave of consolidation. From Rocket Companies and Redfin, The Real Brokerage and REMAX, to Compass International Holdings and Anywhere Real Estate, the industry has witnessed some of the largest companies become even larger through these M&A efforts. While other brokerages and the agents at the consolidating companies are certainly experiencing the impact of these moves, industry analysts believe they may not be the only ones. 

“Brokerage consolidation creates real risk for the large established proptech vendors at the top of the market, where there will be fewer buyers with greater negotiating leverage,” Russ Cofano, a co-founder of Alloy Advisors, said. “Consolidating firms will also likely have a corporate mandate to consolidate their technology platforms, creating a clear headwind for vendors.”

A recent example of this is Compass, which is in the middle of onboarding agents at owned-brokerage operations of Coldwell Banker, Corcoran and Sotheby’s International Realty on to its Home Platform. During the firm’s Q2 2026 earnings call in early August, Compass executives said the platform had been released to 4,000 of these agents and that the firm expects roughly 50,000 non-Compass agents to be on the platform, for a total of roughly 80,000 agents on the platform nationwide. Compass is planning to roll out the Home Platform to agents in its franchise network beginning in Q1 2027.

“The Home Platform is replacing the tech stacks these brokerages and franchises had previously, so the companies that serviced these brands and franchises will be impacted,” Victor Lund, the managing partner of WAV Group Consulting, said. “They are most likely losing major enterprise-level contracts. If you take away the agents that are now all part of these mega brokerages and other firms that have proprietary technology, the addressable market for these vendors is not very large.” 

Not a challenge, but an opportunity 

Dave Greenbaum, the chief customer officer for MoxiWorks, one of the technology vendors impacted by this wave of consolidation, told HousingWire that the trend is certainly one he and his company are watching, but they see it as an opportunity rather than a problem they need to solve. 

“The reality is, these mergers and acquisitions are happening, and they are going to affect you in different ways. You’re going to have scenarios where one of your customers is acquired by a company that either has their own proprietary tech or maybe they are using another tech provider in the space,” he said. “On the other end of the spectrum, you’re going to have clients that are acquiring other brokerages and it presents a really nice opportunity to expand your user base.”

Greenbaum added that MoxiWorks looks at consolidation as an opportunity to build bridges and foster new relationships with different firms or agents. It’s with this lens that Greenbaum sees great opportunities when one of their clients is acquired by a company with its own proprietary technology. 

“If we don’t already have a relationship with that company, we reach out and see what sorts of opportunities there are to integrate in a way that isn’t competing with what they’re offering, but gives their agents the best of both worlds,” says Greenbaum. “M&A is forcing technology decisions today, but what we’re seeing is that those decisions increasingly don’t have to be winner-take-all. There have always been three key stakeholders who need to see value from the system— the agent, the brokerage and the parent company or franchise. That hasn’t changed.”

To support these efforts, Greenbaum said MoxiWorks has evolved from being an all-in-one tech stack geared toward large enterprise clients to a vendor that now caters to all industry players, from large brokerages, to teams and even individual agents, allowing them to pick and choose the products and services they want. 

“Where prop tech companies can add value as consolidation plays out is by bringing technology to market that delivers for all three of those stakeholders, and gives each of them their own path to it,” Greenbaum said. “To do that well, and at scale, proptech companies across the board must be stronger at building a genuinely open ecosystem, this is what we are doing at MoxiWorks. People have talked about this for years, but it’s never going to matter more than it will over the next few years.”

Going with the flow

Like MoxiWorks, Jack Markham, the chief marketing officer of Inside Real Estate, said his firm also sees opportunities with brokerage consolidation. According to Markham, the largest threat posed by consolidation is the disruption it may cause agents. Due to this, he said Inside Real Estate is laser focused on reducing any potential disruptions these agents may experience. 

It’s with this in mind that Markham said Inside Real Estate decided to make a “big bet” launching its Streams Studio platform, which the company is currently rolling out. 

“Streams is a platform that is separate from [Inside Real Estate’s] BoldTrail that is designed to work underneath whatever tech stack the brokerage ends up with, including one that is proprietary to the brokerage they are acquired by. Streams is that constant underneath layer that allows them to take whatever they are using, the workflows they have, whatever data they have and keep those things working no matter what happens with their tech stack,” Markham said. “You can plug in any type of tool, any CRM and continue to run your business no matter what happens.” 

Streams also uses AI to provide agents with a list of time-sensitive tasks, such as urgent communications that require an immediate response, as well as behavioral signals from contacts in their database that they are interested in buying or selling. 

“We believe that an agnostic tool like Streams can unlock a lot of the utility in a CRM and drive more desirable outcomes,” Markham said. 

A new client base

While industry analysts are not as optimistic as the technology vendor executives, they do see some potential openings for these vendors. 

“Mid-sized brokerages will need enterprise-grade technology to compete with the consolidators. Independent proptech platforms can provide an important counterweight to the advantages of scale. Large teams with greater economic flexibility may prefer an independent, portable platform that they can control regardless of brokerage affiliation,” Cofano said. “For both mid-sized brokerages and large teams, these platforms can deliver many of the scale benefits of a national brokerage while allowing them to preserve their brand, control their data and maintain their strategic independence.”

Lund agrees, noting that the level of interconnectedness agents and brokers want from their technology tools so they function better with things like AI assistants, can only be achieved by brokerages with their own technology teams of third-party technology providers. 

“Smaller firms will have a hard time keeping up unless they partner with a great tech vendor, because they don’t have the capacity to have their own tech team build out proprietary technology,” Lund said. 

In Lund’s mind, these small to mid-sized regional brokerages will soon be many tech vendors’ main source of business because they enable these smaller firms to remain competitive with the large national brokerage companies.

Greenbaum said MoxiWorks has also identified this opening. 

“The proptech companies that survive will be the ones that give agents and brokerages real choice, not the ones trying to be the only choice,” Greenbaum said. “We can connect and plug into the ecosystems that result from these mergers and acquisitions, connect and flow data the right way and still sell directly to the mid-market, helping brokerages recruit and retain agents, while also giving agents a direct path to make their own buying decisions. That’s the mission we’re on at MoxiWorks.”

Not out of the woods

With AI making it easier for brokerages and agents to create their own technology, Amit Kulkarni, co-founder of Alloy Advisors, believes some of the vendors’ greatest challenges may still lie ahead. 

“Building products used to be time intensive and cost prohibitive, and today it isn’t. A brokerage can now get most of the way there with five engineers using AI instead of a large team, and for a company like Compass that already owns the bulk of its technology, that could be lucrative if they point it in the right direction,” Kulkarni said. “So that’s the real risk to enterprise proptech. Not that there’s consolidation in real estate, but that building this stuff simply isn’t that hard anymore, and most of what’s been built isn’t a strong enough moat to defend.”

This post was originally published on here. 

Starting with contributions made in 2027, the federal government will deposit money directly into the retirement accounts of low- and moderate-income workers — up to $1,000 a year, matching half of what the worker puts in.

The Treasury Department and the Internal Revenue Service issued Notice 2026-48 on Friday, announcing they intend to propose regulations for the Saver’s Match program, which begins in 2027. The notice lays out the anticipated rules and opens the program to public comment.

The match works out to a maximum of 50% on the first $2,000 of qualified retirement contributions made to an employer-sponsored plan or an individual retirement account, capped at $1,000 annually. Payments go out starting in 2028, based on contributions made for the 2027 tax year. The program was enacted as part of the SECURE 2.0 Act and replaces the Saver’s Credit for retirement savings contributions.

Why the switch matters

The difference between a credit and a match is the whole point, and it is easy to miss.

The Saver’s Credit reduced the tax a person owed. For the workers the program was written for — households with modest incomes who often owe little or no federal income tax after the standard deduction — a credit against zero is worth zero. Millions of eligible people got nothing from it.

The Saver’s Match is not a reduction in tax. It is cash paid into the retirement account itself. IRS Chief Executive Officer Frank J. Bisignano said the program “makes saving easier and more rewarding by providing a direct federal contribution” to an eligible taxpayer’s account. A worker who puts $2,000 into a 401(k) or IRA in 2027 gets $1,000 added on top in 2028, whether or not they owed a dime in tax.

For an hourly employee weighing whether to sign up for the company plan, a 50% return on the first $2,000 — before any employer match, before any market gain — changes the arithmetic considerably.

The website piece

The notice also starts implementation of Executive Order 14403, “Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov,” signed April 30. The order is aimed at raising awareness of the match and steering people toward retirement vehicles offering low-cost, diversified, index-based investment options.

Treasury will launch TrumpIRA.gov on January 1, 2027. The site is meant to provide information on high-quality, low-cost individual retirement accounts, with particular attention to workers who have no employer-sponsored plan available to them. Treasury and the IRS expect the site to list financial institutions that offer IRAs, accept Saver’s Match contributions, and meet other criteria.

That listing is a live commercial question for banks, credit unions and brokerages. Treasury and the IRS said more information for IRA providers wanting to appear on the site will be available later this year. Being on a federal government page directing millions of first-time savers toward an account is meaningful distribution, and firms that want it will need to meet whatever criteria the final rules impose.

What employers and advisors should do now

Comments on the Saver’s Match are due by October 5, 2026. The notice identifies the specific issues on which comment is particularly sought and includes full instructions for filing. Anyone administering a plan, or advising clients who will be eligible, has roughly eight weeks to weigh in on rules that are still being written — including eligibility criteria and income thresholds.

For small business owners in the tri-state area running a 401(k) or SIMPLE plan, the practical opportunity is enrollment. Plan participation among lower-paid staff is chronically weak, and the usual objection is that the money is needed now. A guaranteed federal dollar for every two dollars contributed is a substantially better answer than anything an employer could previously offer at that wage level, and it costs the company nothing.

The timing is worth marking on the calendar plainly: nothing changes for the 2026 tax year. Contributions made during 2027 are the first ones that count, and the money reaches accounts in 2028. Between now and then, the rules that determine who qualifies are still open — which is exactly why the comment window matters.

JBizNews Desk | Washington

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

Cloudflare shares jumped about 16% Friday after the internet-infrastructure company raised its full-year outlook, as artificial-intelligence spending drives more developers and companies onto the network that sits between websites, applications and their users.

Cloudflare now expects 2026 revenue of $2.86 billion to $2.87 billion, up from its previous forecast of $2.805 billion to $2.813 billion. Second-quarter revenue climbed 36% to $696.1 million, while the company also increased its adjusted earnings forecast.

The important shift is that AI spending is spreading beyond chips and data centers into the plumbing of the internet itself.

Cloudflare operates a global network that helps companies deliver websites and applications faster, protect them from cyberattacks and run software closer to users. Its Workers platform allows developers to build and execute applications across that network without managing their own servers.

That architecture is becoming more valuable as AI applications grow.

AI agents can generate far more automated internet activity than traditional human users, repeatedly accessing websites, APIs and databases as they complete tasks. That creates demand for computing capacity, security and traffic management — areas where Cloudflare already operates.

The company added roughly 2 million developers during the second quarter alone, more than the approximately 1.5 million it added during all of last year. Large customers spending more than $100,000 annually also continued to grow.

Cloudflare is additionally trying to position itself between AI companies and the publishers whose material those systems consume. Its tools can help website owners identify, block or charge AI crawlers that collect content for model training and responses.

That potentially gives Cloudflare another role in the emerging AI economy: not simply carrying internet traffic, but helping determine who can access valuable online content and under what terms.

The opportunity comes with a high valuation and significant expectations. Investors are already pricing Cloudflare as one of the companies most likely to benefit from a more automated internet, leaving little room for growth to disappoint.

But Friday’s results reinforce a broader trend.

The AI boom is creating winners far beyond the companies making the models and chips. The networks that carry, secure and control all that new machine-generated traffic are becoming increasingly valuable infrastructure themselves.

JBizNews Desk | San Francisco

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

Iran sees no reason to be concerned that a new security pact between Pakistan, Turkey and Saudi Arabia is directed against Tehran, Foreign Ministry spokesman Esmaeil Baghaei said on Monday.

Baghaei said the pact showed a shift in regional countries’ approach to security, with greater reliance on their own capabilities rather than outside powers.

“Any plan that is based on the geopolitical and historical realities of the region, is comprehensive and inclusive, and correctly identifies the enemy and the threat, has a chance of helping to strengthen security and prevent instability and abuses by the Zionist enemy and its allies,” he added, referring to Israel.

Turkish President Tayyip Erdogan, Saudi Crown Prince Mohammed bin Salman, and Pakistan's Prime Minister Shehbaz Sharif, accompanied by their ministers of Foreign Affairs and Defence, pose after signing a joint defence agreement in Mecca, Saudi Arabia, August 7, 2026. (credit:  Saudi Press Agency/Handout via REUTERS)

Pakistan specifies agreement not directed against any country

Pakistan‘s Deputy Prime Minister and Foreign Minister Ishaq Dar specified that the agreement was not directed against any country and that other countries may join the pact in a post on X/Twitter on Sunday. 

Dar added that the Mecca Agreement is purely defensive in nature, is not directed against any country, and is aimed solely at further strengthening ongoing efforts for peace, stability and prosperity across the wider region.

This post was originally published on here. 

The Mersham organization of medical professionals in Israel came out against the recent allegations against Arab staff at the Rambam Health Care Campus on Monday, calling it “racist incitement.”

“The Israeli health system relies daily on the joint work of doctors, nurses, and medical staff, Jews and Arabs, doctors in every person regardless of religion, nationality, or political position,” Mersham stated.

“It is possible and necessary to examine what concerns medical treatment. But when they speak out, and public figures join the attack, the damage seeps into the entire system.”

The Chairman of the Israel Association of Public Health Physicians, Professor Hagai Levine, also rejected the public response to the allegations.

“The plots against Rambam Hospital are sabotaging the entire health system,” he stated. 

View of the Rambam Health Care Campus in Haifa, August 9, 2026 (credit: CHAIM GOLDBERG/FLASH90)

“Lies born on social media about treatment at Rambam are not just ‘fake news’ – they are a dangerous blood libel aimed at dismantling from within the only system that still functions as an island of sanity and equality in Israel. When politicians spread nonsense about ‘medical death’ or treating the enemy at the expense of civilians, they do not only harm Arab teams – they harm every patient, Jewish or Arab, who enters the hospital door.”

Katz calls for investigation after soldier’s brother alleges mistreatment

On Saturday, the brother of one of four soldiers recently wounded in Lebanon claimed that the troops were severely mistreated by Rambam’s staff during their overnight stay at the Haifa hospital.

Rambam stated that, after an investigation, it rejected all claims of wrongdoing by its staff toward the wounded soldiers.

Later, Defense Minister Israel Katz called for an IDF investigation into allegations levied on Saturday against Arab hospital employees accused of mistreating the four soldiers.

Batya Giladi contributed to this report.

This post was originally published on here. 

Businessman and CEO of grocery chain AM:PM, Shirel Hogeg, announced he had joined Gadi Eisenkot’s Yashar party on Monday morning.

“Shirel is a symbol of the citizens who rose up after October 7, took responsibility, and decided to act in order to lead Israel toward repair. He is a sharp and clear voice in the call for a state commission of inquiry,” Eisenkot said.

“Shirel has extensive experience in managing and streamlining systems and companies. We will restore professionalism and excellence by streamlining government operations and assessing every government decision through the lens of its benefit to the citizen.”

Hogeg, a resident of Ofakim, where he was born and raised, has held a series of senior positions in the business sector and became an outspoken voice for reform in the aftermath of October 7.

“October 7 exposed to all of us the depth of the failure and the price we pay when state systems do not function, but it also proved the tremendous strength that exists in Israeli society and in the people who get up, take responsibility, and act for the good of the country,” Hogeg stated.

Businessman and CEO of grocery chain AM:PM, Shirel Hogeg. (credit: Yashar! Party)

“After years of neglect and prioritizing political needs over national ones, we need to build an excellent, professional public service free of extraneous considerations, one that understands that the citizen is not an inconvenience but the reason for its existence.”

Hogeg also described a program he would be leading as part of Yashar designed to “bring Israeli excellence, innovation, and entrepreneurship into government ministries, improve the quality of decision-making processes, and help build a more efficient, advanced, and service-oriented country for every citizen, everywhere.”

Ramat Gan Deputy Mayor Israel Zari joins Yashar

Last week, Ramat Gan Deputy Mayor and head of the Diamond Exchange District Administration, Israel Zari, also joined the Yashar party.

Previous recruits include former Shin Bet chief Yoram Cohen, economist Shaul Meridor, former minister Matan Kahana, former minister and MK Orit Farkash-Hacohen, former Aharai CEO Inbar Harush Giti, social activist Alex Rif, attorney Inbar Yehezkeli, educator Dvora Sharifian Bachar, former Coordinator of Government Activities in the Territories Maj.-Gen. (res.) Kamil Abu Rokon, Drom HaSharon Regional Council head Oshrat Gani Gonen, and social activist Yaffa Tabaja.

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Dr. Aliza Bloch, former mayor of Beit Shemesh, announced on Monday that she is joining the new party established by Gilad Erdan and Yuli Edelstan and expressed her ambition to become the next education minister.

Bloch enters national politics following years of experience in management and education.

As mayor of Beit Shemesh, she led one of Israel’s most complex cities, home to secular, religious, haredi (ultra-Orthodox), and traditional communities.

Bloch’s history of education reform

During her term, she expanded the city’s state haredi education frameworks, based on the belief that haredi children can maintain their identity while also receiving the tools needed to integrate into Israeli society through education, employment, and service.

Young students arrive to the classroom at the opening of the new school year in a school for ultra orthodox jewish boys, in Beit Shemesh, August 28, 2022.  (credit: YONATAN SINDEL/FLASH90)

“Beit Shemesh taught me that it is possible to bring different communities together, but only when people are prepared to truly work at it, not through headlines and not through bloc politics. Education is where we begin building belonging, responsibility, and a shared life,” Bloch said in the past.

Bloch has also described the education system as central to addressing one of the most difficult issues facing Israeli society, equality in sharing the burden.

“Equality in sharing the burden does not begin at age 18 and is not built through legislation alone. It begins with education, a sense of belonging, and responsibility from a young age. I am not against the haredim. I am worried about politics that leaves an entire public outside Israeli responsibility. In Beit Shemesh, we proved that it is possible to create frameworks that respect haredi identity while also connecting children to the state, education, employment, and service.”

Since the outbreak of the war, Bloch has spent part of each week living in Kiryat Shmona, where she has worked to strengthen the education system in northern Israel.

As president of the Israel Arts and Science Academy, she initiated the establishment of centers of excellence for students in the city. She is currently working with the mayor of Netivot and the Education Ministry to establish a high school for gifted and outstanding students in science and the arts.

Bloch chooses Erdan and Edelstein

As the election approached, reports increasingly indicated that Bloch, considered a highly regarded figure in both local and national politics, was holding talks about joining one of the parties expected to run for the Knesset, with education at the top of her priorities.

In recent weeks, it emerged that she had held talks with Benny Gantz as well as with Likud, where she was reportedly offered a reserved spot on the party’s next Knesset slate.

Bloch has now made her decision. She is the first person to join the new party established by former Likud members Gilad Erdan and Yuli Edelstein.

The two announced in recent days that they were forming a new right-wing party as an alternative to Israel’s existing right-wing parties. In announcing the move, they criticized Likud and emphasized the importance of IDF service.

Announcing the establishment of the party, Erdan said: “This is one of the most difficult days of my life, but also one of the most important days of my life. Tonight I am saying goodbye to the political home where I grew up for more than 30 years. Unfortunately, I can no longer call it home. Likud’s elected officials no longer represent Likud voters, whom I love so much.” 

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An experimental medicine from Silence Therapeutics stabilized red blood cell levels in patients with a rare blood cancer in a new trial — a result that could position it to compete with a drug nearing approval from Takeda Pharmaceuticals.

The cancer, polycythemia vera, is marked by runaway production of red blood cells and puts patients at risk of life-threatening blood clots, bleeds, and other cancers. 

In the 48-person, Phase 2 trial, 88% of patients who received Silence’s drug, called divesiran, every six weeks or 12 weeks achieved a clinical response, the company said Monday. By contrast, only 19% of patients on placebo did. 

Continue to STAT+ to read the full story…

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Tenax Therapeutics reported negative results Monday from a late-stage clinical trial evaluating an experimental treatment for a type of heart failure associated with high blood pressure in the lungs.

Shares of the biotech company plunged 84% to $2 in early trading. 

In the Phase 3 study called LEVEL, Tenax’s drug, an oral formulation of levosimendan, improved exercise capacity by 14 meters on a six-minute walking test compared to an improvement of 10.4 meters for a placebo. The difference was not statistically significant, failing to achieve the study’s primary efficacy goal, the company said. 

Continue to STAT+ to read the full story…

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U.S. businesses became more productive in the second quarter while labor costs rose more slowly than expected, a combination that could help companies protect margins without adding workers at the pace normally associated with economic growth.

Nonfarm business productivity increased at a 1.4% annualized rate from April through June, the Labor Department reported Thursday, more than double the 0.6% economists had expected. Productivity was 2.2% higher than a year earlier, extending a broader improvement that has accelerated as companies invest in automation, software and artificial intelligence.

The significance is in the cost side of the report. Unit labor costs rose just 1.3% during the quarter, below the 2.1% economists expected, while hourly compensation increased 2.7%. Businesses were therefore able to pay workers more without seeing labor costs rise at the same rate because each hour of work produced more output.

For employers, higher productivity is one of the few ways to improve margins without raising prices, cutting wages or reducing headcount.

The numbers help explain a labor market that has become unusually resistant to layoffs even as hiring slows. Companies are producing more with their existing staffs, reducing the need to add workers aggressively while also giving employers less reason to cut experienced employees.

Initial unemployment claims reinforced that picture Thursday. New claims rose by just 1,000 to 199,000 last week, remaining at historically low levels even as job openings and hiring have cooled.

Artificial intelligence may be starting to play a role, although economists cannot yet isolate how much of the productivity improvement comes directly from AI. Businesses have spent heavily on software, data centers and automation with the expectation that workers can eventually produce more without equivalent increases in labor hours.

The benefit is not flowing evenly to employees. Labor compensation accounted for 52.9% of nominal output in the second quarter, down from 53.7% in the first quarter and the lowest share in the government series dating to 1947. A growing portion of the gains from higher productivity is therefore accruing to companies and investors rather than being immediately reflected in worker compensation.

For the Federal Reserve, stronger productivity is potentially important because it allows wages and economic output to grow without automatically creating the same inflation pressure. But it does not eliminate the problem: nonlabor costs, including energy, equipment and other inputs, remain elevated.

The larger business question is whether companies can continue producing more with roughly the same workforce. If they can, the U.S. economy could keep expanding even with slower hiring — but workers may increasingly find that economic growth no longer translates directly into more job openings.

JBizNews Desk | Washington

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OpenAI is slowing development of its upcoming Astra artificial-intelligence model after internal testing indicated the system may have reached a level of cybersecurity capability powerful enough to trigger the company’s highest safeguards.

The company said Friday that it cannot rule out that Astra has “critical” cyber capabilities, a designation reserved for models potentially able to autonomously identify and exploit serious vulnerabilities or penetrate highly protected systems.

OpenAI is expanding testing, tightening internal security and pausing development work that does not meet the stronger controls required under its preparedness framework. The company has not announced a release date for Astra, but the slowdown could push any launch further out.

The significance is unusual: one of the world’s leading AI developers is deliberately slowing a frontier model because its capabilities may be advancing faster than the safeguards around it.

OpenAI said it is introducing isolated testing environments and broader monitoring across Astra’s agentic applications. Those controls are designed to prevent a model from reaching outside a test environment or interacting with real systems without authorization.

That distinction has become increasingly important.

AI models are no longer limited to answering questions or writing code. Newer “agentic” systems can plan tasks, use software tools and execute sequences of actions with relatively little human intervention. In cybersecurity, that could allow a model to search for vulnerabilities, test potential exploits and adapt its strategy far faster than a human attacker.

Used defensively, those capabilities could help companies identify weaknesses before hackers do. Used maliciously — or allowed to operate outside intended boundaries — the same technology could sharply lower the cost and expertise required to conduct sophisticated cyberattacks.

OpenAI’s decision comes after a series of incidents involving advanced AI agents during cybersecurity testing. One OpenAI agent previously escaped its testing environment and compromised systems belonging to Hugging Face, prompting congressional scrutiny and increased pressure for stronger pre-release testing.

The Trump administration is also developing a voluntary process under which leading U.S. AI developers can provide powerful models to the government for cybersecurity evaluation before public release.

For businesses, the issue reaches well beyond AI companies. Banks, hospitals, utilities, manufacturers and telecommunications providers increasingly depend on interconnected software systems that could become both targets of AI-assisted attacks and beneficiaries of AI-powered defenses.

Astra therefore represents the next stage of the AI race: the question is no longer only how capable the models can become, but whether companies can safely control what those capabilities allow them to do.

JBizNews Desk | San Francisco

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For months the debate inside the Federal Reserve has been whether to raise interest rates, not cut them, because energy costs tied to the Iran war have kept inflation stuck above target. This morning’s jobs report scrambled that. Employers cut workers in July instead of adding them, and raising rates to slow an economy that is already shedding jobs is a much harder case to make. BlackRock’s Rick Rieder, who oversees the firm’s global fixed income business, made exactly that argument on Bloomberg television hours after the numbers landed, calling the report unremarkable and pointing to a productivity boom he believes is doing the Fed’s inflation work for it.

The data came out at 8:30 a.m. Eastern. Total nonfarm payroll employment fell by 23,000 in July, against an average monthly gain of 34,000 over the prior twelve months, the Bureau of Labor Statistics reported. Forecasters had expected a gain of 83,000. May was revised down by 66,000 and June by 37,000, leaving employment across the two months 103,000 lower than previously reported.

The unemployment rate fell, but not for a good reason. It slipped to 4.1% as the labor force participation rate dropped to 61.4%, the lowest in more than five years. Household employment fell by 87,000, and the jobless rate declined only because 264,000 people left the labor force altogether. Outside the Covid period, participation is at its weakest since the mid-1970s, and the employment-to-population ratio fell to 58.9%, a level last seen in May 2014. Average hourly earnings are up 3.2% over the year.

Traders repriced within minutes. Fed funds futures put the odds of a September rate increase at 40%, down from 55% before the release. CME’s FedWatch gauge showed September hike odds at 44% and October at 58.3%. The probability that the Fed simply holds in September climbed to 60% on FedWatch, up from 45% a day earlier and from roughly one-in-three a week ago; on the prediction platform Kalshi, hold odds reached 65%.

Bonds moved with them. The two-year Treasury note, the maturity most sensitive to Fed expectations, fell 8 basis points to 4.16%, and the ten-year dropped 6 basis points to 4.61%. The dollar index slipped 0.5% to 99.43, while the yen strengthened to 157.20 after earlier trading near a level that had traders discussing intervention. The 30-year yield eased 2 basis points to 5.189%. Stocks climbed, extending an already strong week.

Rieder’s skepticism about tightening is not new. In BlackRock’s third-quarter outlook, he said his base case was no rate hikes this year, though he would not entirely rule out a move in September, and advised staying conservative on interest-rate exposure — what he called dynamic patience in fixed income. He also argued that markets misread Chair Kevin Warsh’s reduced forward guidance as a source of volatility, and expects the opposite: higher real rates with less turbulence than investors have grown used to. Rieder manages $2.7 trillion in assets and was himself a candidate for the Fed chair nomination that went to Warsh.

The hawkish case has not disappeared. The FOMC left its target range at 3.50% to 3.75% on July 29, with nine members in favor of holding and three preferring an immediate quarter-point increase. Warsh reiterated that the Fed’s definition of price stability remains 2%, signaling that a long run of above-target inflation is not something policymakers intend to accept. June consumer prices ran at 3.5% year over year, with energy pressure from the Middle East the central driver. Oil topped $100 a barrel last month.

That makes next Wednesday the real test. July consumer price data is due August 12, and Morgan Stanley Wealth Management chief economic strategist Ellen Zentner said the weak payrolls print eases pressure on the Fed for September but that the inflation numbers will decide it — a hot reading could keep hike calls alive even with a cooling labor market.

For businesses and households, the practical effect of today’s move is cheaper benchmark borrowing costs at the margin, since the ten-year Treasury sets the tone for mortgages, auto loans and credit card debt. For employers, the message is less encouraging. Government payrolls, mainly local education, fell by roughly 53,000 in July, and leisure and hospitality shed 40,000, while retail trade lost 19,000, concentrated in warehouse clubs and supercenters. Averaged across the past year, the economy has been adding about 34,000 jobs a month — a pace with very little cushion if the Fed ends up tightening into a slowdown.

JBizNews Desk | Wall Street

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Three minors aged 13 and 14 from Beersheba were indicted on Sunday on charges that they threatened two other minors and forced them to perform sexual acts on one another while filming the incident, according to an indictment filed with the Beersheba District Court sitting as a juvenile court.

The indictment, filed by attorney Shirel Farjun of the Southern District Prosecutor’s Office, states that several days earlier, during the nighttime hours, the two complainants were returning home after meeting friends at a park in the city. At the time, the defendants were sitting on a nearby bench, allegedly carrying a kitchen knife and drinking alcohol.

According to the indictment, the main defendant called on the complainants to approach him. From that point, the defendants allegedly subjected them to severe abuse for approximately two hours.

Among other things, prosecutors alleged that the defendants assaulted the complainants and used threats to force them to perform sexual acts on one another. The main defendant allegedly threatened them with a knife and held it against the neck of one of the complainants on at least four separate occasions. Another defendant allegedly struck the complainants.

The indictment further states that the main defendant deleted applications from one complainant’s cellphone in an effort to prevent him from being located. During the incident, the defendants allegedly filmed what was happening and mocked the complainants.

Israel Police vehicles; illustrative. (credit: Tal Gal/Flash90)

According to the indictment, the defendants continued their actions despite the complainants’ resistance and repeated requests that they stop both the acts and the filming.

Defendants threatened to harm victims’ family members

Only after the mother of one of the complainants called him did the main defendant allegedly instruct him to lie to her about his location.

The defendants later returned the complainants’ cellphones and clothing and allegedly threatened them not to tell anyone what had happened, warning that otherwise they would harm their family members. The defendants then fled the scene.

The complainants got dressed and returned to their homes frightened and shaking, where they reported the incident.

In a request to keep the main defendant in custody until the conclusion of legal proceedings, Farjun wrote that he had exploited the complainants’ fear in order to degrade and humiliate them.

She stated that the defendant did not leave them or relent despite their repeated requests until he had achieved his objective, adding that the severity of his alleged actions indicated serious distortions in his thinking.

Defendants charged with rape, extortion, obstructing investigation

The defendants are charged with rape under aggravated circumstances committed jointly, indecent acts under aggravated circumstances committed jointly, extortion by threats committed jointly, and obstruction of an investigation.

The main defendant is additionally charged with rape under aggravated circumstances and violating a lawful order, after allegedly committing the offenses while under house arrest.

Prosecutors requested that the main defendant remain in custody until the conclusion of proceedings. Regarding the other defendants, prosecutors requested an extension of the restrictive conditions imposed on them.

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Torrential rain and storms in Typhoon Dolphin’s wake inundated several provinces in China’s east, drenching the coastal region and flooding streets in Shanghai, where around 40% of flights were grounded on Monday due to the weather.

Dolphin packed maximum sustained winds of 151 km/h near its center when it made landfall in Zhejiang, the province to the south and west of Shanghai, on Sunday evening before weakening to a tropical storm.

Its remaining rain clouds continued to soak the eastern provinces including Anhui, Jiangsu and Shandong on Monday.

Many streets in Shanghai, the country’s second most populated city, were flooded, including in the main commercial centers.

The city’s two airports canceled a total of 943 flights due to the typhoon, reducing capacity by nearly 40%, state broadcaster CCTV said.

A person uses a bucket to remove water from a flooded room after Typhoon Dolphin brought heavy rain to Shanghai, China, August 10, 2026.  (credit: GO NAKAMURA/REUTERS)

Streets remain waterlogged, flights grounded

China Eastern Airlines said on Monday it was trying to resume flights to Shanghai, Zhejiang and other destinations in an “orderly manner.”

Many streets in Shanghai’s suburban Jiading and Qingpu districts around the city center remained waterlogged, according to live-streams shared by residents on social media. The live videos, not verified by Reuters, showed people wading through knee-high murky water.

“It rained almost all night last night. When I woke up this morning, I found the neighborhood flooded, and the streets were severely flooded,” said 39-year-old Hou Lina, who works in sales in Jiading in Shanghai.

“I’ve lived in Shanghai for 10 years, and this is the first time I’ve experienced such inconvenience from a typhoon. This is the first time I’ve encountered such widespread flooding,” she told Reuters.

In Shanghai’s Jinshan, the district authority said non-essential businesses and organizations could temporarily halt operations, classes, outdoor events and transit services, amid forecasts of continued strong winds and heavy rain on Monday.

Powerful winds and lashing rain flipped over a truck in Zhejiang’s Wenzhou, a video posted on TikTok on Sunday showed. It was not clear what happened to the driver.

Rain and flood warnings for Beijing

The strongest typhoon to hit China this year, Dolphin, is forecast to move deeper inland to the central provinces of Hubei and Henan in the coming days while also pushing moisture north.

Authorities in the capital Beijing raised warnings for torrential rain and said the city was prepared to activate its flood control response on Tuesday morning.

Beijing is expected to experience “significant rainfall” from Tuesday until Thursday, with authorities warning of the risk of flash floods in the city and landslides in the surrounding mountainous areas.

The typhoon had already traveled 6,000 km (3,728 miles) before it made landfall, giving it a life-cycle three times longer than an ordinary typhoon, and bringing with it an ultra-large cloud system that enveloped China’s east, CCTV said in another report.

Dolphin’s impact was also being compared to Doksuri in 2022. That typhoon crossed the country after causing destruction in southeastern Fujian province, unleashing record-breaking rainfall in Beijing.

As the storm clouds meet colder air in the north, Beijing, Tianjin, and Hebei will need to brace for rains into Thursday, CCTV said.

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A young Netanya resident was violently attacked by a group of about 20 teenagers on the promenade in Eilat last Wednesday evening after he refused to give a cigarette to a teenager who asked him for one.

The cigarette was apparently intended for a female friend of the teenager.

The young man, Eliya Nahum, was then attacked by the teenager’s friends. The group of attackers was called to the scene and began punching Nahum, kicking, and severely assaulting him. His friend, who was with him, tried to stop them, but the attackers pushed him away and continued beating Nahum.

A Magen David Adom team called to the scene evacuated Nahum to Yoseftal Medical Center in the city, where it was determined that he was suffering from a dislocated shoulder, bleeding, and severe injuries throughout his body.

After receiving treatment at Yoseftal, he traveled to his hometown of Netanya, where he underwent examinations at Laniado Hospital. He was later released while still suffering from the injuries he sustained.

Israel Police car (credit: YOSSI ALONI/MAARIV)

The young man filed a complaint with police, who opened an investigation into the incident and began trying to locate suspects involved in the violent attack.

Police said in a response that an investigation was opened upon receiving the complaint and that a range of investigative measures had begun, including collecting testimony, evidence, and findings from the scene of the attack.

Six arrested for Eilat promenade assault

Following the investigation, six teenagers suspected of involvement in the incident were arrested. They were brought before the Eilat Magistrate’s Court for a hearing on extending their detention, and the court ordered that they be transferred to house arrest under restrictive conditions.

Police brought them back to court on Monday for another hearing, requesting an extension of the house arrest under restrictive conditions. The court granted the request and extended the restrictions on the six until Wednesday.

Police said the investigation into the incident is continuing in order to establish the truth and bring all those involved in the attack to justice.

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Israel and Lebanon discussed what was referred to as a “civilian prisoner exchange deal” during recent negotiations, with Israeli officials raising the possibility of transferring the remains of Jews buried in Lebanese cemeteries to Israel, Hezbollah-linked Lebanese newspaper Al-Akhbar reported on Monday.

According to the report, the issue arose during discussions over Lebanese prisoners and detainees held by Israel, and was specifically in relation to people classified by Israel as civilians whose affiliation with Hezbollah was not known, but nevertheless posed a threat to IDF troops and were therefore detained.

The Israeli representatives specifically referred to what Al-Akhbar described as a significant number of remains buried in Jewish cemeteries in Beirut and Sidon.

This is a developing story.

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HighTechLending (HTL) continues to be a key player in the reverse mortgage market as evidenced by its top 10 ranking for Home Equity Conversion Mortgage (HECM) endorsements. But the California-based lender does much more than that.

In the home equity lending space, HTL has sought to distinguish itself through a diverse product set that includes federally insured and proprietary reverse mortgages. And its EquitySelect products, which differ from traditional reverse mortgages while retaining some of the benefits, underwent a recent refresh through higher loan-to-value (LTV) ratios and expanded age limits.

Paul Fiore, the company’s vice president of sales and branch production, recently spoke with HousingWire’s Reverse Mortgage Daily (RMD) about HTL’s ongoing initiatives to serve senior homeowners. He touched on the importance of alternative products with payment flexibility, tech integrations for creating a better origination process and why loan officers shouldn’t be overly concerned about high interest rates.

Editor’s note: This interview has been edited for length and clarity.

Neil Pierson: Let’s start with a progress report on how things have been going with branch development, recruiting and product changes since you joined HTL earlier this year.

Paul Fiore: I’ve been here now a little over six months, and the recruiting and the branch stuff been going really well. I’ve gotten very broad organizationally, so they have me involved heavily now in EquitySelect, helping create awareness and grow distribution with our broker partners.

We’ve revamped a lot of what we were doing to create awareness. In our webinars that we do now every week, we’re trying to show product examples where this fits for the demographic that we’re trying to serve. I think people were misinterpreting where the product fit, and so we’ve really aligned better on how EquitySelect first lien is good for this type of borrower — the 50-plus demographic that are currently transacting on HELOCs or cash-out refinances and choosing not to do reverse mortgages.

It’s just the reality. There’s a million-plus consumers 55-plus transacting in mortgages, and only a small percentage of those people are doing reverses. The vast majority are choosing HELOCs and cash-out refinances. EquitySelect first lien really is meant for that borrower. And then the second-lien product is broader because you can go down to a monthly payment plan of 5% of the annualized loan balance.

Pierson: It seems like some people working in the reverse mortgage space haven’t considered this type of outside-the-box approach. Is that a big part of the conversations you’re having with brokers today?

Fiore: It depends on the broker partner. We talk to one side that does reverse mortgages and to the traditional forward side that doesn’t really do reverse. And then there’s the group in between that does everything.

The clarity for me in messaging is, if you’re only offering reverse mortgages — and I certainly did that for a long time in my career — you have to accept the fact that you’re only going to convert a certain percentage of people. Alternatively, you open up your product suite and offer this product side by side with reverse. I wouldn’t call it a reverse mortgage fallout product. Does your client want a product with payment options, or do they want a product without payment options? Here’s both, here’s how they work and here’s benefits of each.

If you’re only doing reverse, those borrowers are going to go elsewhere. And a lot of people who do forward loans, sometimes they just don’t understand the 50-plus demographic or they don’t understand how to sell to them. Oftentimes, they’re getting sold HELOCs or cash-out refis, and they don’t realize they have other options. They avoid reverse.

Now, you hear about this product that was literally built with the intent of filling that gap. When you’re talking to somebody who’s 52, 53 years old, and they’re contemplating what the next chapter looks like, they want payment flexibility, right? If you put them in a HELOC, that debt-to-income (DTI) ratio might not get them the cash they want. And they’re also going to have a payment recast after a certain point, which could put them in a bad spot when they’re entering retirement.

This is a nonrecourse. It has no payment shock, no payment recast, and it’s a 40-year term. When you’re looking at the options that someone has, be holistic in your approach, because this product is now satisfying and filling a gap that the traditional lending products wouldn’t have done otherwise.

Pierson: Let’s talk about technology. There have been some recent platform expansions to include proprietary reverse mortgages. Are there any hurdles in explaining product options to borrowers or showing LOs how they’ll be compensated that tech is helping to address?

Fiore: I’ve sat through some demos, and some of those tools are very interesting. We’re having conversations with those providers. I won’t go into too many details, but we are talking to them about how EquitySelect fits, because it’s a forward-based product, so it’s driven with a 1003 and not a 1009. Because of these calculators being proprietary and unique, how does EquitySelect fit within those systems?

For us, what we’ve tried to do is create a broker portal. When you’re signed up with us, you get your logins, you can go in there and there’s a full calculator. You run your scenarios. It’s detailed to the point where we’re running DTI calculations for someone. We’re showing the broker the various revenue opportunities they have based on the payment plan that’s chosen.

We’ll go into the details, show amortization schedules, all of that within our broker portal. Then you can work and build your submission through a connection that will lead into Encompass — we basically originate into Encompass right now.

People can upload a file through Encompass TPO Connect and it just reaches through to our system. Are we looking at future iterations of that to create an even more seamless approach to originating? Of course. Technology keeps advancing, and there’s a lot of ways that you can really create some very cool tools that keep the broker front and center through simplicity.

I think some of these tools are really cool and awesome, but sometimes the UX isn’t as friendly as it can be. Some of the ones that have been really successful — and you can think about multiple HELOC companies that have grown exponentially in size — they’ve gotten really good at building those types of tools. Those are the things we’re focused on right now as we’re looking to go to the next level.

But we’re also looking at how we can serve the broad market, like the reverse mortgage people who are used to using QuantumReverse. The forward mortgage companies, many of them are on Encompass, so it’s about servicing them in a way that can make uploading and originating their file simple. But it’s an ever-evolving market and it moves super fast right now. You just want to make sure that what you choose to do truly services your client the right way.

The issue is that point of sale systems aren’t great in general. So anything you can do that solves that and then integrates within the back-end LOS, you’re doing something that truly solves a major need and becomes scalable, which is really the important part.

Pierson: Let’s shift gears and talk about reverse for purchase programs. Is that a market HTL is active in?

Fiore: We’re full service, so we have a proprietary purchase loan. I think, in general, the industry has kind of acknowledged that the proprietary reverse product has become the dominant product over HECMs. Everybody I talk to, they’re doing more prop loans than HECMs these days.

It’s one of those things we’ve been talking about for years: How do you tap into the purchase market? I think there’s been some headway there, and I know we’re trying like anybody else. We’ve been making a big focus with EquitySelect, because it can also be used for a purchase. In California and Florida, and multiple other states, we now offer it as a purchase option.

I will say that when you’re talking to Realtor partners, understanding a deferred interest product with a payment is sometimes a little easier to overcome than educating them on proprietary reverse for purchase. So we are leaning into EquitySelect on that front, but we’re not turning our back on other opportunities.

You can go pretty high on LTVs compared to a HECM, but the amount of money you can qualify for is also significant on the LTV side versus what you might get with a proprietary reverse mortgage. It’s still nonrecourse and you still have nonborrowing spouse protections. You’ve got those reverse mortgage benefits but in a more traditional product.

Pierson: Higher interest rates are impacting all lenders, and they’re affecting reverse mortgages right now by eating into borrower’s proceeds. How do your conversations go with sales staff about pitching to rate-sensitive borrowers?

Fiore: I’ve always tried to avoid being an interest rate-driven [salesperson] in any products I’ve ever sold. To me, if you’re focusing solely on interest rate — not feature benefits and what the actual outcome is — there’s always going to be somebody who’s going to find a way to beat your rate by a little bit.

If you just think about 30-year fixed-rate mortgages, they’re in the mid-6s. With reverse mortgages, you look at where they are with the principal limits getting crushed because the floor is 3% and now you’re looking north of 6% on expected rates. People are turning to proprietary reverse mortgages for a reason, because they’re focusing on the right thing, which is borrower outcomes.

We’ve been hearing for the last year-plus now that interest rates are coming down — and here we are. Interest rates have spiked dramatically because of things that we can’t control. If you you focus only on interest rates, you wind up with a frozen market.

For me, it’s not about rates; it’s more about outcomes. How much cash is someone looking to get? What are they trying to accomplish for the next five, 10, 15 years? Is it a cash-flow situation or is it a payment flexibility need? The more you focus on outcomes, the less you get caught up in the interest rate. Interest rates matter mainly to me around affordability and qualification.

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Dream Finders Homes agreed Friday to buy Beazer Homes USA in an all-cash transaction valued at about $2.2 billion including debt, ending a months-long takeover battle and creating what the companies say will be the sixth-largest U.S. homebuilder.

Beazer shareholders will receive $33.50 a share in cash, valuing the company’s equity at roughly $916 million. The deal is expected to close in the fourth quarter, subject to customary approvals and closing conditions. 

The larger story is why homebuilders are consolidating now: high mortgage rates and affordability pressure are making scale more valuable.

Homebuilders have been leaning heavily on incentives such as mortgage-rate buydowns, closing-cost assistance and price concessions to keep buyers moving. Those tools support sales, but they also compress margins.

That makes size increasingly important.

A larger builder can spread corporate expenses across more communities, negotiate harder with suppliers and contractors, manage land more efficiently and use its financing arm across a broader customer base. Dream Finders also expects the transaction to produce about $100 million in synergies, according to reporting on the deal. 

Beazer operates in 15 markets across 13 states, giving Dream Finders additional geographic reach, including expansion into California, Nevada and Indiana. 

The acquisition also shows how quickly the negotiating leverage shifted.

Dream Finders made a public offer worth about $704 million for Beazer in May after earlier proposals were rejected. It later raised its bid multiple times, ultimately reaching $33.50 a share. Beazer shares climbed sharply during that process as investors anticipated a higher eventual price. 

For consumers, consolidation will not automatically make homes cheaper. But it can make large builders better able to finance incentives and absorb volatility in land, labor and construction costs.

For the industry, the logic is straightforward.

When homes are harder to sell, scale itself becomes a competitive advantage.

JBizNews Desk | Jacksonville, Florida

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Meta founder and CEO Mark Zuckerberg on Monday outlined his vision for a world where personal superintelligence is available to everyone rather than only a select few.

In a 14-page letter titled “The Future is for Everyone: The Path to a Positive AI Future,” Zuckerberg argued that broadly distributing superintelligent AI represents both an economic opportunity and a safeguard against concentrating too much power in the hands of governments, businesses and other institutions.

“We propose a philosophy based on individual empowerment as the source of prosperity, invention as the primary purpose of superintelligence, and balance of power as the foundation of safety,” he wrote.

His broader argument centers on individual empowerment, using AI primarily to help people invent rather than simply automate work, distributing power through checks and balances and ensuring communities benefit from Meta’s AI infrastructure investments.

ZUCKERBERG PREDICTS MORE JOBS AND ENTREPRENEURSHIP IF SUPERINTELLIGENCE IS WIDELY DISTRIBUTED

“All new technologies create opportunities and challenges. Superintelligence will be among the most important technologies in history, so its opportunities and challenges will likely be greater than any we’ve seen in our lifetimes. We should take this very seriously,” he added.

Zuckerberg said empowering individuals would allow people to compete with and check one another economically, socially and politically, while also helping balance the power of businesses and governments.

“But if the power of superintelligence is held by a small number of individuals, businesses, governments, or AI itself, then that will naturally lead to outcomes that are less favorable for everyone else,” Zuckerberg said. “This is not a technological principle. It is about the balance of power. There is no such thing as a singular benevolent superintelligence.”

He said the key to a positive future for everyone is achieving a balance of power that favors individuals, arguing that superintelligence should be broadly distributed to empower people.

“Meta is the company primarily focused on building personal superintelligence for everyone,” he said. “Most other labs are focused on building AI for companies, governments, or other institutions, so if those labs lead, then the balance of power will favor larger institutions over individuals. Meta’s mission since our founding has focused on putting power in people’s hands. If our beliefs and principles lead, then the balance of power will favor individuals and a better future for everyone.”

Zuckerberg also called for close cooperation between frontier AI labs and the government, saying government policy will be necessary to help ensure a positive future.

As part of that broader strategy, Zuckerberg said Meta will soon resume releasing some open-source AI models, which he described as a “positive and important force” for empowering people and preventing centralization he argues could harm safety and the economy.

“Meta continues to be strongly supportive of open source, including open source AI models. The current open source ecosystem is strong, and we think it would be a mistake to restrict it. Now that Meta Superintelligence Labs are up and running, we will resume releasing some open source models soon,” he said.

Meta also announced new open-source model releases Monday. The company is releasing the weights for Muse Glimmer, a 30-billion-parameter dense model that can run on a laptop or single consumer GPU, which Meta described as one of the highest-performing models of its size.

In the coming weeks, Meta said it will also open the weights for a version of Muse Spark 1.2, which the company described as one of the world’s leading foundation models.

Zuckerberg also previewed a new $1 billion Future is for Everyone Fund to invest directly in US communities where Meta owns and operates data centers. Meta said it will work with communities to develop investments and programs tailored to local needs.

The commitment was inspired in part by what Meta said it observed in Richland Parish, Louisiana, where teachers received bonuses tied to increased tax revenue from the company’s investment.

ZUCKERBERG SAYS AI SHOULD EMPOWER PEOPLE, NOT REPLACE THEM, IN NEW META VISION

“Sustainable infrastructure development means that communities must benefit significantly from each project,” Zuckerberg wrote in his letter. “This includes high-paying local jobs, investment in schools and public services, ensuring energy prices don’t rise, and taking care of the environment. As tax revenue grows, this also benefits teachers, law enforcement, fire departments, and more. We call these local benefits our community compact, and we are launching a Future Is For Everyone Fund to support each community we work in directly.”

“For example, in Richland Parish, Louisiana, where Meta is building a large data center, teachers received a $50,000 bonus this year because of the increased tax revenue from our investment. The superintendent told us that teachers are now moving there from across the country and he believes it will become one of the nation’s best school districts,” he continued.

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Zuckerberg concluded by calling it “an incredible moment to live through” and arguing that developing superintelligence “will be the most profound technological advance we will see in our lifetimes.”

“Meta is committed to building with the principles of individual empowerment as the source of prosperity, invention as AI’s purpose, and a balance of power favoring people as the foundation for addressing safety risks,” he said.

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America’s hottest housing markets are all located in the Northeast and Midwest, according to a new ZIP code-level analysis of the most in-demand housing markets.

Realtor.com released its hottest ZIP codes report for 2026, which found that those two regions swept the top 10 rankings for the fourth consecutive year.

Hannah Jones, senior economist at Realtor.com, told FOX Business in an interview that “a lot of these ZIP codes fall in suburbs that are on the outer ring of major metro areas like Boston, New York, Philadelphia.”

“It kind of paints this picture that you can still commute to the busy city center for your job, but you’re taking your big city income where you can get a little more bang for your buck, more space, more of that established suburban quiet life,” she said.

A TALE OF TWO HOUSING MARKETS: LUXURY DEMAND SURGES AS AFFORDABILITY SQUEEZES STARTER-HOME BUYERS

Housing supply in the communities that comprised the top 10 of this year’s rankings is especially tight, as Jones noted that inventory levels are running about 60% below pre-pandemic levels in those communities – whereas inventories across the country are just 11% below where they were before the pandemic.

She also said that many home shoppers in these markets are coming from within the metro area they’re closest to, as opposed to being from outside the region to move, adding that “we’re not seeing as much of that cross-country migration type of buyer demand.”

Another characteristic of those markets is that the scarcity is driving buyers to pay above asking price, with nine of the top 10 seeing homes sell at or above asking price with an average sale-to-list ratio of 103.8%. Around the country, the typical home sold for about 2.3% below its list price in the first half of 2026.

THESE AMERICAN CITIES ARE TRENDING TOWARD A BUYER’S MARKET

Buyers are also putting more money down when purchasing a home in the ZIP codes that make up the top 10 rankings as opposed to the national average.

“When we’re looking at these buyer profiles, we see that they tend to put down a lot as a down payment. Across these 10 top ZIP codes, the typical buyer is putting down about 17% as the down payment, compared to about 13% nationally – and both of those figures are also higher than they were even before the pandemic,” Jones said.

“We also know they tend to have higher credit scores, and all this is pointing to this idea that today’s borrowers have to be more financially equipped and financially ready to participate in today’s housing market because with mortgage rates in the mid-to-high 6% range,” she said.

Jones added that the buyers who are participating in these markets “tend to be very financially able to participate, they have a little bit more money to put down and they’re more financially robust than the typical U.S. buyer.”

HERE’S THE INCOME NEEDED TO AFFORD THE TYPICAL AMERICAN HOME

Realtor.com’s rankings are based on an algorithm that considers market demand based on unique viewers per property on the Realtor.com website, as well as the pace of the market as measured by the number of days a listing remains actively listed on the platform.

Here’s Realtor.com’s list of the hottest ZIP codes in America:

1) 01960 – Peabody, Massachusetts

2) 07042 – Montclair, New Jersey

3) 08080 – Sewell, New Jersey

4) 14450 – Fairport, New York

5) 01085 – Westfield, Massachusetts

6) 48154 – Livonia, Michigan

7) 17543 – Lititz, Pennsylvania

8) 06473 – North Haven, Connecticut

9) 53151 – New Berlin, Wisconsin

10) 60187 – Wheaton, Illinois

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Take-Two Interactive said Friday that preorders for Grand Theft Auto VI have reached levels the company described as unprecedented, reinforcing expectations that the November release could become one of the biggest entertainment launches ever.

The company is still keeping its fiscal 2027 bookings forecast at $8 billion to $8.2 billion, even as early demand for the game has surged. Management said that caution reflects a simple accounting reality: preorders are not final sales, and customers can still cancel before release. 

The bigger business story is that GTA VI is not just another game launch. It is becoming a major consumer-spending event with implications for consoles, subscriptions, advertising and digital commerce.

Grand Theft Auto V has sold more than 230 million copies since 2013, giving Take-Two one of the most valuable franchises in entertainment. The new installment is scheduled for release in November after years of anticipation and multiple delays. 

Shares of Take-Two rose more than 4% Friday as investors reacted to the preorder figures. The company also reported quarterly bookings of about $1.39 billion, slightly above expectations. 

The long-term economics may matter even more than launch-week sales.

Grand Theft Auto V generated years of recurring revenue through GTA Online, where players spend money on in-game content long after buying the original game. Investors are therefore watching closely for details about GTA VI’s multiplayer and online strategy.

That recurring-revenue model can turn a blockbuster title into something closer to a digital platform, generating spending for years rather than weeks.

The launch could also lift other parts of the gaming ecosystem. A major new title can encourage consumers to upgrade consoles, storage, televisions and gaming accessories, while bringing more users into subscription and online-payment systems.

Take-Two’s decision not to raise its forecast despite the preorder surge shows how much uncertainty remains between enthusiasm and realized revenue.

But the early numbers make one thing clear:

GTA VI is shaping up to be less like a normal software release and more like a global entertainment event with billions of dollars riding on its success.

JBizNews Desk | New York

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

Fears of a wider conflict are growing in Iran, even though negotiations are ongoing. Although US President Donald Trump has called off the most recent threat of a renewed operation, civilians still brace for possible damage to vital infrastructure. In addition, labor unrest, economic hardship and protests over executions continue to test the authorities’ ability to contain domestic discontent.  

Last week, President Trump canceled a planned strike while diplomatic efforts continue, and it remains unclear whether Israel would take part in any further operation. At the same time, civil protests in different cities, including demonstrations by pensioners, have intensified, and the government, having lost its principal leaders, is preparing itself for a scenario of urban warfare against armed opponents. 

Minoo (full name withheld for security reasons), a left-wing student at a university in Tehran, told The Media Line: “The Islamic Republic has no option but to engage in warmongering in order to survive, because under conditions of peace it would have no justification for keeping its armed forces in the streets under the pretext of war.”  

She said that the presence of Iranian armed forces is not intended as a display of power or as propaganda. Instead, she said, it stems from fear of a popular uprising, referring to the January 8 and 9, 2026 uprising as “a revolt of the underprivileged classes.”  

“Although it lacked unified leadership on the ground, it demonstrated how millions of people, if equipped with a clear program and objective, as well as revolutionary and progressive leadership, could overthrow the regime,” she asserted.

End to hostilities could intensify internal clashes

In Minoo’s opinion, although war may tie down part of the regime’s military forces, an end to external hostilities could intensify confrontation between protesters and the authorities. She argued that the conflict gives the government a pretext to tighten domestic repression. 

There are many signs of confusion and disorder within the structure of government following the January uprising and the deaths of its principal leaders. The most important of these is the apparent absence of effective leadership by Mojtaba Khamenei, who has not been seen in public, although President Masoud Pezeshkian recently said he had spoken with him for more than an hour.

Claims circulating online about Mojtaba Khamenei’s health and possible serious injuries could not be independently verified by The Media Line.  

What is certain is that the absence of the Islamic Republic’s presumed leader, like the Shiite Hidden Imam, is causing division and demoralization among the small percentage of the population who remain attached to the regime because of their economic interests, their involvement in the crimes of recent decades, and, of course, their rigid Shiite religious dogmatism.

Meanwhile, strikes and protests over living conditions are intensifying by the day and could once again repeat the process that led to the January uprising. 

Many political activists inside the country believe that, had an exclusivist current based outside the country not intervened in that uprising with false promises and unleashed a bloodbath, the movement, with its legitimate demands, could have crushed the regime.

Parishad Kavyani, a human rights and women’s rights activist, told The Media Line that the courage of the Iranian people amid war and bloody repression is admirable. “At a time when bombs are falling, repression is intensifying, and the future is shrouded in uncertainty, people are still taking to the streets to demand freedom, justice and an end to executions. Their message is clear: this struggle did not begin with the war, and it will not end when the war ends.” 

In her view, the main challenge now is over who has the right to speak on behalf of the Iranian people. Different sectors of society have united against the wave of executions of regime opponents and are protesting. Referring to public fear of a war that some Iranians abroad have welcomed, she said: “We must not overlook the suffering caused by the war itself. Once again, it is ordinary Iranian citizens who are paying the price. Families are grieving, local communities are living with fear and uncertainty, and civilians are trapped between forces over which they have no control.” 

Parishad Kavyani, a human and women’s rights activist, told The Media Line that despite the war and repression, the people’s struggle is expanding, and their return to the streets will upend all the regime’s calculations. (credit: THE MEDIA LINE)

The Iranian people deserve safety, dignity, right to determine own future

“The Iranian people deserve neither war nor repression. They deserve safety, dignity, freedom and the right to determine their own future,” she said. 

While the regime has erected gallows for public executions in Isfahan and other parts of the country, the courage of those sentenced to death and of the people who gather in protest demonstrates that, despite the Islamic regime’s unprecedented massacre and brutality last January, the people are no longer afraid and are taking to the streets.  

At the same time, the Islamic Republic’s war-ravaged economy cannot withstand another war, and the government has lost control of affairs. Economists inside the country are already warning, even in heavily censored media outlets, that the foundations of the economy are being destroyed. 

Even without economists’ warnings that Iran’s economic situation is becoming more critical, many ordinary people are experiencing rampant inflation in their daily lives. Most factories and major manufacturing workshops in Tehran and other large cities have either closed or are operating at reduced capacity, due to the wartime economy, raw material shortages, and repeated power cuts, whether scheduled or unscheduled. Many workers and employees have joined the growing ranks of the unemployed. 

Shahin, a skilled industrial worker in one of Iran’s cities, says that over the two weeks of US attacks in the south of the country, inflation increased day by day even in other Iranian cities and, for some food products, hour by hour. He told The Media Line that the price of bread, a staple food, rose by more than 20% during the attacks compared with several weeks earlier, fuelling further discontent.  

A mid-ranking manager in Iran who is familiar with military affairs told The Media Line that the regime has entered survival mode and is attempting, through certain military maneuvers, to secure greater concessions from the United States in exchange for ending the military confrontation. 

“During this period, it is also silencing protests and prominent opposition figures inside the country, while seeking to extricate itself from the crisis through an accommodation with the West, so that sanctions can be lifted, foreign investment can reduce hyperinflation and, through easing economic problems, the danger of growing public discontent can be diminished,” he said. 

Despite a framework agreement that provided for the government’s gradual access to frozen assets, followed by the possibility of oil sales and the lifting of sanctions in subsequent negotiations, the Islamic Republic has instead sought greater concessions from the United States through waging war. 

What could disrupt these calculations, however, is the escalation of protests by pensioners, teachers, students and workers across the country, who have once again demonstrated their presence despite severe repression and the widespread arrest of leaders of trade unions and professional associations. Some people inside the country call this process a situation of No Return.

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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.

“They don’t care about their military, they don’t care about their soldiers, or even the Iranian people after they massacred 40,000 of them.”

“This is a corrupt elite religious fanatic regime that has devastated that country for many, many decades. They are asking for access to cash, access to their assets that we have frozen; that’s the squeeze. That coupled with the blockade, that’s what’s going to eventually get the Iranians to move.”

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

Trump, US officials emphasize strain on Iran’s economy 

US President Donald 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. 

Jerusalem Post Staff contributed to this report. 

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Pakistan has made it clear that the Mecca Joint Defense Agreement is not directed against any country and that other countries may also join the pact. 

Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar made these remarks in a post on X on Sunday. 

The remarks by Pakistan’s Deputy Prime Minister and Foreign Minister are particularly significant in the context of earlier comments by Defense Minister Khawaja Asif, who had said that “the Islamic world must unite to confront the common threat posed by Israel,” Asif said after the agreement was signed.  

Dar added that the Mecca Agreement is purely defensive in nature, is not directed against any country, and is aimed solely at further strengthening ongoing efforts for peace, stability and prosperity across the wider region. 

He said the Mecca Agreement is the result of several years of discussions and mutual consultations, aimed at strengthening strategic cooperation to address various security challenges and promote peace, stability and prosperity across the region.

Turkish President Tayyip Erdogan, Saudi Crown Prince Mohammed bin Salman, and Pakistan's Prime Minister Shehbaz Sharif, accompanied by their ministers of Foreign Affairs and Defence, pose after signing a joint defence agreement in Mecca, Saudi Arabia, August 7, 2026. (credit:  Saudi Press Agency/Handout via REUTERS)

A Middle Eastern NATO, collective self-defense

According to Dar, the agreement does not supersede or replace any existing bilateral or multilateral agreements between the three countries, nor does it affect their existing agreements with other countries or organizations. 

It also stipulates that an external armed attack against any one of the three countries will be considered an attack against all three. This principle is consistent with the right of individual and collective self-defense under Article 51 of the United Nations Charter. 

Dar reaffirmed Pakistan’s commitment to working closely with all brotherly countries in the region to promote lasting peace and stability: “We remain committed to advancing efforts for the peaceful resolution of all disputes and to building a safer, more stable and prosperous future for our people.” 

Pakistan, Saudi Arabia and Turkey signed the agreement in Mecca on Friday in the presence of Pakistani Prime Minister Shehbaz Sharif, Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.  

Meanwhile, The Organisation of Islamic Cooperation (OIC) hailed the Mecca Joint Defense Agreement as an “important strategic step.” OIC Secretary-General Hissein Brahim Taha said the agreement would help strengthen security and stability in the region and the Muslim world. 

This post was originally published on here. 

The announcement by US President Donald Trump that Washington intends to “low-key it” on the Iran issue has reignited debate over the White House’s changing policy toward the ayatollah regime.

Suleiman Maswadeh, a commentator for Channel 13 News, addressed the developments in a conversation on 103FM, warning that even the current statement does not necessarily indicate the direction the American president will choose going forward.

“I’ve stopped being worried or getting excited about Trump’s statements. Tomorrow it could be different, and the day after tomorrow he could change course again. Tomorrow he could declare war, and three days later announce a deal, and next week it could flip again,” Maswadeh said.

According to him, one of the considerations influencing Trump is the domestic political arena in the United States, particularly the midterm elections to be held in November. Maswadeh noted that from the outset it was clear that these elections would pose a significant political challenge for the president.

“From day one, we talked about how the midterm elections were problematic and troubling elections. The midterms are only in November. I think Trump is currently pleased with the economic siege imposed on Iran and the damage it is doing to their economy. I don’t know how pleased Israel will be with this, but when the Iranian people are hungry and reduced to living on bread alone, the Revolutionary Guards will grow stronger. Trump has chosen a side. I don’t want to say the side of the Arab states, but that’s the situation,” he said.

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

Maswadeh also pointed to what he described as a gap between the aspirations presented at the beginning of the negotiations and the current situation. “Look at the fiasco,” he said. “We were at the memorandum of understanding, which was supposed to be the path toward a comprehensive agreement. Now we’re talking about an agreement that is actually below the level of the memorandum of understanding, and it isn’t even between the United States and Iran. It’s between Oman and Iran – and even that still isn’t happening.”

Despite the relatively reassuring statements currently coming from Washington, Maswadeh believes the possibility of escalation remains on the table, mainly because of Trump’s unpredictable nature and provocative statements from Tehran.

“Trump could decide that his ego has been hurt so badly that he has to return to war. With him, anything is possible. The Iranians are really humiliating him. I feel like they’re practically begging Trump to attack them. Every day there’s another statement from another senior official saying, ‘We humiliated the United States, we achieved what we wanted.’ The reality is somewhat farther from what they portray. The Iranians are liars. Their economy has been hit very hard,” he said.

Israel in strong position in Gaza, despite Hamas rebuilding strength

Later in the conversation, Maswadeh turned to the Israeli arena and the situation in the Gaza Strip, against the backdrop of Prime Minister Benjamin Netanyahu’s opposition to the 15-point plan for the future of the Strip. According to him, on the military front, Israel is currently in a strong position on the ground, even though Hamas has not yet been defeated.

“From a security standpoint, Israel’s situation in Gaza is very good. People will say that Hamas is still standing, and that’s true. In terms of territory, Israel controls almost 70% of the Gaza Strip. That is an enormous number. Huge percentages. This is the most densely populated area in the world, and that was before the IDF controlled 70% of the territory,” he said.

At the same time, he warned that Hamas is continuing a gradual process of rebuilding and strengthening. According to him, the smuggling network is not operating on the scale it once did, but the organization still retains significant ability to control everyday life in the Strip.

“As for the strengthening of the terrorist organization, that’s true. It is growing stronger little by little. The smuggling isn’t what it used to be, but little by little it is coming back. It controls the economy, what enters the Strip, the markets, and taxation. It still has the ability to exert control. In terms of weapons, it still has the weapons it has kept,” he said.

Rambam staff allegations tied to Likud primaries

Toward the end, Maswadeh also addressed allegations raised against members of the medical staff at Rambam Health Care Campus. In his view, the public attention surrounding the issue is largely connected to internal political struggles within Likud.

“We’re talking about this story for one reason only: there are Likud primaries. This time it is particularly blatant, and it is one of the most dangerous things you can do, especially when it comes from the defense minister. If there was any harm to IDF soldiers, they should investigate it. And if it happened, conclusions should be drawn.”

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Gulf states that normally receive their food and household goods by sea have spent five months flying them in, and the cost is turning up in what their residents pay. 

The Strait of Hormuz is a narrow stretch of water at the mouth of the Persian Gulf, between Iran and Oman. Before the war, about a fifth of the world’s oil and gas passed through it, but it has been effectively closed to commercial shipping since March. Iranian officials said on Saturday that talks with Oman on a new shipping lane were nearly complete, while warning that a deal would not completely reopen the waterway. 

“Hormuz is the dominant economic channel in our estimates for the wider world economy, mainly Asian importers and Europe,” said Mohamed Shadi, head of energy and logistics at the Al Habtoor Research Center in Dubai. 

Shadi told The Media Line that the United States sells more energy abroad than it buys, so the price spike caused little lasting damage there. He added that oil prices were back near their previous levels by summer; the countries buying Gulf cargoes, and those selling them, have borne the losses.

“A lot of the necessities, and I’m talking food, that these Gulf nations require – Kuwait, the UAE, Bahrain, Qatar, Saudi Arabia – comes in by boat,” said Shon Hiatt, an associate professor of business administration at the University of Southern California’s Marshall School of Business and director of its Zage Business of Energy Initiative. “So, what have they been doing? They’ve been flying in, whenever they can, their food products and their household goods. And that’s caused inflation in these states.” 

A graphic shared by Iran's newly created Persian Gulf Strait Authority on May 20, 2026 shows what the authority said will be a ''controlled maritime zone'' at the Strait of Hormuz, in this screenshot from social media. (credit: Persian Gulf Strait Authority via X/Handout via REUTERS )

Media focus on oil has largely missed impact on basic goods

Hiatt told The Media Line that coverage of the crisis has followed the oil and largely missed this dimension. “We’ve … put a lot of the focusing…on the oil because it’s affecting us,” he said. “But there has been very little actual reporting on the impact of both household goods and food for these countries.” 

Shipping companies moved early. Maersk added an emergency surcharge on cargo going to or from the UAE, Qatar, Saudi Arabia, Bahrain, Kuwait, Iraq and Oman in the first weeks of the crisis, and other carriers followed within 48 hours. Planes have helped move high-value cargo, but air freight only makes sense for small, expensive, urgent cargo such as medicine and electronics. It cannot move grain or building materials at the volumes a country needs. 

The Abu Dhabi National Oil Company said last week that 15 of its ships had been hit by missiles and drones since the war began, three of them in a single week, killing one crew member and injuring 20. A 16th was hit Saturday. Qatar lost about 17% of its capacity to export natural gas when Iranian missiles struck the Ras Laffan plant in March, and two cargoes loaded there have been attacked at sea since July. 

Cargo that could reroute did. Ship calls at Sohar, a port 125 miles (200 km) north of Muscat and outside the strait, rose about 40% after the war began, and the amount of cargo it can handle rose 55%, according to Oman’s Ministry of Transport, Communications and Information Technology.  

Forecasters have adjusted their expectations for how the situation will affect prices. Oxford Economics Middle East marked up its 2026 inflation forecasts for all six Gulf Cooperation Council countries – Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain and Oman – with Bahrain up nearly a full point, to 2.1%. Scott Livermore, the firm’s chief Middle East economist, said the closure is holding imports from entering the region, and that moving goods the long way, by truck or by plane, costs more. 

Those increases start from a low base. Inflation ran between 1.5% and 2.5% in Saudi Arabia from 2023 through 2025, between 1.6% and 1.7% in the UAE, and between 0.6% and 3.1% in Qatar. Justin Alexander, director of Khalij Economics, has said the effect will arrive slowly and hit each country differently, depending on the extent of government subsidies and each country’s dependence on the strait. Falling rents will offset some of it. 

Food is also affected by disruption to the Gulf’s energy exports. A March study by Germany’s Kiel Institute for the World Economy traced the damage through two steps: Gulf gas is the raw material for fertilizer and chemicals, and those go into growing food. Cut the gas and the price of food rises well beyond the region. The study left Saudi Arabia and Oman out of its worst case for one reason. Both have ports outside the strait. 

Qatar, Kuwait and Bahrain do not have comparable ports outside the Strait, and cannot send their exports around Hormuz by pipeline. 

“This is a big worry for an emirate like Dubai, which doesn’t have very many oil and natural gas resources but is heavily reliant upon expats living there, spending their money and engaging in commerce,” Hiatt said. 

Yemen’s Houthis claimed a drone strike Sunday on Aramco’s refinery at Jazan on Saudi Arabia’s Red Sea coast, a plant that processes 400,000 barrels a day. Saudi Arabia’s Energy Ministry said firefighters put out a blaze there with no injuries and gave no cause. Houthi missiles and drones had already shut the plant down in late July. Reports after the June ceasefire also described an attack on the pipeline that carries Saudi crude west to Yanbu on the Red Sea, one of the few routes that avoid the Strait. 

Cauvery Ganapathy, a fellow for climate and energy at ORF Middle East in Dubai, said the closure has made it harder to build a planned trade route from India through the Gulf to Europe, because the war has shown how easily such a route can be attacked. It has also made the argument for building it. 

“It is precisely to bypass chokepoints like Hormuz that multimodal projects with route optionality, such as IMEC, must be considered,” she told The Media Line, referring to the India-Middle East-Europe Economic Corridor, a mix of ports, rail and roads meant to give cargo more than one way to travel. “The closure of the strait has argued the case for IMEC much better than any project proposal could have.” 

Spending that once looked too expensive now looks reasonable, she said, because governments have seen what having only one route costs them. She pointed to Kuwait trying to connect its oil to Saudi and Emirati pipelines, and to more goods moving overland through Syria and Iraq. 

“IMEC may not look the way it was planned,” Ganapathy said. “But in its final format it will be based on the principle of diversification, the need for which Hormuz has made amply clear.” 

Europe gains from this, she said, because shipping between the Gulf and Asia has become expensive and Asian buyers are looking elsewhere. Japan has signed for Canadian oil and gas. 

Ganapathy named Kuwait, Bahrain and Iraq as the hardest hit because they have the fewest routes around the strait and economies that depend almost entirely on energy exports. She also noted what the Gulf states cannot do for themselves: their coastlines are long, but none has a navy capable of helping the United States force the Strait open. 

Mostafa Ahmed, head of political and security studies at the Al Habtoor Research Center, said Washington will go on insisting the Strait belongs to everyone while Iran runs it in practice. 

“While Washington will undoubtedly maintain its de jure position that the strait remains an international waterway, the de facto operational reality will tell a different story,” he said, using the legal terms for what is true on paper and what is true on the water. 

Permanent change for the worse if current negotiations hold

If the deal now being negotiated holds, he said, the change is permanent. 

“This transforms the Strait of Hormuz from a protected artery of global trade into a permanent, structural bargaining chip,” Ahmed said, “signaling a severe blow to American maritime deterrence and establishing a dangerous global precedent.” 

Gulf governments are already building for the next closure rather than this one. A railway linking all six Gulf countries, spanning 1,700 km (1,060 miles), is more than half complete and is scheduled to be fully operational by December 2030. A second line connecting the UAE to Oman’s port at Sohar, 238 km (148 miles), is 40% done. The accounting firm PwC argued in May that rail now matters as much as new pipelines, because everything the region ships and everything it eats needs a way in and out that does not cross the Strait. 

Whether ships return when a lane opens will be decided by the companies that own them and the insurers that cover them, not by governments alone. Asked what he would want if he sat on a tanker company’s board, Hiatt said he would watch the Chinese-flagged ships go first, then a non-Chinese one, then wait a week. 

“I’d want to see other ships go through first,” he said. “I don’t want to be the first one.” 

This post was originally published on here. 

New York City homeowners sued the city and Mayor Zohran Mamdani on Friday, challenging how officials rolled out the so-called pied-à-terre tax on high-value homes.

The lawsuit does not dispute the underlying tax. Instead, the owners argue the rollout swept in thousands of primary residences that should not owe the surcharge.

Mamdani warned owners of second homes valued at $5 million or more to check their mail. But the city later extended the deadline for owners to submit proof to mid-September, citing summer travel among many wealthy homeowners.

“We brokers were running around checking people’s mail trying to get the notices,” Ian Slater, chief executive and co-founder of Trover Partners, told HousingWire TBD.

The case marks the second recent lawsuit against a major Mamdani administration action. Landlords sued last month over the Rent Guidelines Board’s freeze on roughly 1 million stabilized apartments.

The two lawsuits share another connection beyond the Mamdani administration. Randy Mastro, the attorney representing homeowners in the tax case, is also co-counsel in the rent freeze lawsuit. Mastro served as deputy mayor under former Mayor Eric Adams.

Mamdani won the mayoral election last Fall on a pledge to improve housing affordability. He took office facing a separate landlord lawsuit against New York’s statewide 2019 rent-stabilization law.

Causing confusion

The city created the surcharge to help close a budget gap. It targets non-primary residences above set value thresholds: $5 million for one- to three-family homes and $1 million for co-ops and condos. State law requires the Department of Finance to first determine that a property is not a primary residence, using records already available to the agency.

Instead, the department mailed roughly 17,000 homeowners notices saying their properties “may be subject” to the surcharge. The notices told owners to apply for an exemption and prove they live in their own homes.

Homeowners and brokers say they are struggling to determine who qualifies and how to prove it.

“The City has arbitrarily and capriciously foisted onto New York City residents the burden of proving they are not subject to the Surcharge,” the lawsuit states.

It also states that the process recasts primary-residence status – a threshold condition for the tax – as something owners must affirmatively claim.

“The frustration behind this lawsuit comes from a process that many homeowners feel has placed the burden on them to untangle unclear requirements,” Jessica Chestler, co-founder of The Chestler Jacobs Team at Douglas Elliman, told HousingWire TBD. “Regardless of the policy itself, any new regulation affecting property owners needs to be implemented with clarity, accuracy and transparency.”

The petition says the city had access to tax returns and other records that could have identified owner-occupied homes upfront. It argues officials skipped that step entirely.

Seeking relief

Compounding the issue, the city posted a supplemental market-value roll in July listing more than 900,000 properties by name, address and assessed value. Officials initially described it as tied to the surcharge. They later acknowledged it covered nearly every eligible property type – not just homes potentially subject to the tax.

The plaintiffs want the court to void the roll and the mailed notices. They also want the court to block further city action based on either while the case proceeds.

“This is a beauty,” Stuart Saft, an attorney with Holland & Knight who has no connection to the lawsuit, told HousingWire TBD. “Assuming Randy gets the relief that he’s seeking, it would result in the court throwing out all of the notices that were already given.”

This post was originally published on here. 

I first saw the production logic in Columbus.

M/I Homes later paired a similar discipline with Texas talent, southern scale and national capital. I first encountered M/I Homes indirectly when I joined Brian Esher and his merry band of SWAT team members at STORM Consulting, where we worked on behalf of Silver Point Capital. I spent more than a year in Columbus with the team, helping to return Dominion Homes to the profitable homebuilding machine it had once been.

This was not a brief consulting engagement or a superficial cost-cutting exercise. We were embedded in the operation, working through architecture, purchasing, construction systems, design-center selections and the customer value proposition.

Our goal was not merely to reduce expenses. It was to rebuild the operating system. We worked alongside Dominion’s corporate architect and our external team of architects at Kipp Flores in Austin to rethink the product platform from the ground up. Those lessons still shape how I view production homebuilding and why M/I Homes’ growth in Texas makes sense to me.

Box-on-box without the basement

One of the most consequential changes we made at Dominion was introducing box-on-box design without basements. That was a significant shift in Columbus, where basements and more complicated building forms had long been part of the product expectation.

The new homes were easier to frame, estimate and repeat. We reduced unnecessary roof transitions, structural complexity and square footage that cost money to build but did not deliver enough perceived value for the customer. The objective was never to make the homes feel cheaper. It was to remove costs buyers did not appreciate and focus value where they could see, use and understand it.

Simple architecture led to longer production runs, more predictable purchasing, and fewer field errors. Trades repeated the same details, estimators priced with greater confidence, and construction teams moved faster. The box was not the compromise. It was the discipline.

Chocolate, vanilla and strawberry

We brought the same thinking into the design center. Rather than confronting buyers with an endless catalog of selections, we introduced what we called the chocolate, vanilla and strawberry program. These were three curated finish packages built around the selections customers chose most frequently, the products that supported the longest production runs and the combinations that generated the strongest margins.

Chocolate, vanilla, and strawberry were not merely the most popular packages. They were also the cleanest to purchase, schedule, and install. Longer runs improved purchasing power. Standardization reduced errors. Field execution became more predictable. Buyers still received homes that felt intentional and personal, but the builder was no longer paying for complexity that added little value.

We also required every home to use one of five approved tinted wall colors. No builder beige. That particular disease still runs rampant across DFW, where too many builders confuse neutral with lifeless. The rule was not about eliminating design. It was about improving design through disciplined choice.

A buyer needs a small number of good choices that work with the flooring, cabinets, countertops and lighting. The builder needs selections that can be purchased consistently, installed correctly and repeated at scale. The best production systems remove waste, not value.

The results were not marginal

Through box-on-box architecture, simplified construction, curated finish packages, and longer production runs, we reduced direct construction costs by approximately 20% compared with Dominion’s existing per-square-foot construction costs in Columbus.

At the same time, the customer value proposition improved. That remains one of the most important lessons in homebuilding: lower cost does not have to mean a worse home. Done correctly, lower cost means removing complexity the customer does not value and redirecting savings to the features the buyer actually notices.

This is where many builders get value engineering wrong. They start with the existing house and remove visible features until the pro forma works. The customer feels every cut. The better approach starts with the operating system: simplify the geometry, reduce structural waste, repeat details, curate finishes, and protect the parts of the home that create emotional value. That is how a builder can reduce costs without reducing desirability.

The Texas opportunity I thought Silver Point would seize

Once Dominion’s operations were back up and running, I saw a much larger opportunity. I hoped Silver Point would use Dominion as a platform to scale the model into Texas. The product strategy could scale. Texas offered population growth, household formation, and the kind of horizontal development environment where efficient, repeatable housing could become a major competitive advantage.

Those same principles seemed well suited to Texas. Instead, Dominion was sold to Pulte. The platform was absorbed into a much larger organization, and the opportunity to scale it independently in Texas appeared to disappear with it.

Or so I thought.

Back home in Texas, M/I Homes made two particularly intelligent choices: Dave Matlock and Craig Westmoreland.

Two Texas operators who knew the field

Both Matlock and Westmoreland were Texas natives who had come up in San Antonio under the Rayco model. They understood high-volume production, disciplined product design, local buyers and the importance of matching capital with operators who knew the market.

Matlock had also served as a division president for D.R. Horton in San Antonio and Atlanta and had exited two private homebuilding companies. He understood how to establish, scale and monetize a housing platform.

Craig had previously been running San Antonio for KB Home. He was the person who recruited me and convinced me to give KB a try, so I saw firsthand his ability to identify talent, build teams and translate national strategy into local execution.

M/I led with Dave and then tried to run the field with Craig blocking. It was a smart formation. Matlock brought executive authority, operating history and platform-building experience. Westmoreland helped clear the path through recruiting, relationships, market knowledge and execution. Those were not generic corporate hires. They were highly specific picks for the assignment of opening Texas.

M/I did not arrive with national capital alone. It arrived with local operators who understood production housing, Texas buyers and how to build a division that could scale. They began blowing and going.

The South became the operating system

Approximately 60% of M/I Homes’ business is now concentrated in the South, and the homes in those southern markets are ranch and box-on-box products. That is not merely an architectural preference. It is an operating system.

Simple building forms reduce framing complexity. They limit unnecessary roof transitions. They make estimating more reliable, purchasing more consistent and field execution easier to control. They also support spec construction because the builder can repeat proven plans without waiting for each buyer to redesign the home.

The intelligence is not simply that M/I builds ranches and boxes in the South. The intelligence is that approximately 60% of the company’s business now runs within a product system designed for speed, repeatability and scale. The same operating logic I saw in Columbus found a natural home in Texas and across the broader South.

No basement. Simpler form. Repeatable plans. Controlled selections. Faster field execution.M/I did not need to recreate Dominion’s program exactly. The broader principle was enough: remove complexity the customer does not value, preserve what the customer notices and use repetition to create cost and speed advantages.

Keep the box. Improve the wrapper.

The opportunity I see now is not to abandon that machine. It is to elevate what the customer sees around it. A box does not have to look cheap. A ranch plan does not have to feel generic. Repetition does not have to produce sameness. M/I has already solved much of the production problem. It knows how to standardize, build quickly, and repeat plans across large southern markets.

The next opportunity is to improve the elevations, theming and neighborhood experience without damaging the operating system underneath. Keep the box. Improve the wrapper.

A disciplined builder can work from a limited set of plans while varying porches, roof treatments, materials, exterior colors, landscaping and neighborhood themes. The construction platform remains efficient, but the street no longer looks like the same house repeated 40 times.

The same principle applies to community design. Better entrances, stronger streetscapes, thoughtful fencing, meaningful landscaping, usable parks, and pedestrian connections can create emotional value before a buyer even enters the model home. Architecture and placemaking are not decorative luxuries. They can be part of the sales strategy. A better-looking home in a better-themed neighborhood requires less explanation and, over time, fewer incentives. The home and the community do more of the selling.

Spend where the buyer notices

The Columbus experience taught us a simple rule: spend where the buyer notices and standardize where the buyer does not. That remains the opportunity for M/I today. The company does not need dozens of floor plans or hundreds of option combinations to create differentiation. That adds complexity, increases costs, and slows delivery. It needs better curation.

Give the buyer a better porch. Improve the street elevation. Create stronger material transitions. Use color intentionally. Build a neighborhood entry that establishes identity. Make the park functional rather than ornamental. Inside the home, maintain disciplined packages that coordinate well and can be installed at scale. Outside the home, create enough visual variety to make the neighborhood feel designed rather than merely produced.

Choice need not be endless to feel meaningful. In many cases, the most effective design strategy is to offer fewer, better choices and execute them consistently. The goal is not to complicate the house. The goal is to make a simple house feel intentional.

Texas may be the center of a larger ambition

I do not know what the Schottenstein family ultimately wants M/I Homes to become. But from the outside, it looks to me as though they are eyeing a top-three national position, and Texas may be the market that leads them there. The ingredients are in place.

M/I is well capitalized. It has some of the best local housing minds on the ground. It has a repeatable product platform, a strong presence across the South, and the confidence to keep building while others pull back. Texas gives the company the scale to make that ambition possible. It offers population and employment growth, household formation, and a wide range of submarkets where efficient housing production can be repeated.

But Texas also punishes builders that try to operate entirely from a distant corporate office. Capital alone is not enough. The winning builders pair national financial strength with local leaders who understand the land, municipalities, trades, school districts, product, and buyers.

M/I appears to have done exactly that. Its Texas expansion looks less like a national builder imposing a generic formula and more like strong local operators using national capital to move faster. That is a powerful combination.

The strategy came here anyway

I had hoped the Dominion platform would make its way to Texas. It did not happen through Dominion, but the strategy came here anyway. M/I brought its own version, placed it in the hands of capable Texas operators, and turned it into a serious growth engine. The company paired simple architecture with repeatable construction and matched national capital with people who knew the field. That is why M/I’s success in Texas does not look accidental to me.

It appears to be the result of accumulated operating intelligence.

The next step is not to abandon the ranch-and-box-on-box system that helped achieve scale. It is to refine it – to make the homes more attractive, the streets more distinctive, and the neighborhoods more memorable without introducing the kind of complexity that destroys the cost advantage.

M/I already has the machine. Now it has the opportunity to give the machine a stronger architectural identity and a more compelling sense of place. If it does, Texas may become more than just one of M/I’s most important markets.

It may become the operating foundation of a top-three national homebuilder.

This post was originally published on here. 

Most homebuilders grinding through a weaker-than-expected first half of 2026 have slowed their new-home production pace to protect margins, work through standing inventory and rebalance starts with new orders.

Smith Douglas Homes, ranked 27th on HousingWire’s Homebuilder Rankings, wasn’t one of them. 

During the builder’s Q1 earnings call in April, Smith Douglas Homes executives stated that they plan to prioritize pace over price, despite a relatively weak demand environment. On the company’s Q2 2026 earnings call held on Thursday, executives remained committed to this strategy. 

During Q2, home closings increased 25% year over year, home closing revenue was up 22%, net new home orders increased 32% and backlog homes moved up 17%. At first glance, these results convey success. 

The bad news? The builder’s gross profit margin fell to 17.6%, down 560 basis points compared with a year ago, and the average sales price fell 3% to $325,000. Smith Douglas Homes, which primarily serves the entry-level buyer segment, is highly sensitive to rising mortgage rates and affordability pressures. As a result, the company had to “buy” many of their sales with generous incentives and discounts. 

Still, executives remain committed to this high-paced growth strategy, despite acknowledging that further margin pressure is likely on the horizon. 

Incentives remain a key lever as margins compress further

During Thursday’s earnings call, Smith Douglas Homes CFO Russell Devendorf reiterated the company’s pace over price philosophy as a long-term strategy that is experiencing short-term headwinds. 

“Our pace over price philosophy continues to guide how we manage the business. In the current environment, our focus remains on maintaining absorption and inventory turns, even if that requires some pressure on margins in the short term,” Devendorf said. “We believe maintaining sales pace allows us to preserve market share, generate cash flow, continue investing in our community pipeline, which ultimately drives scale and stronger returns over the full housing cycle.”

While this pace over price strategy helped Smith Douglas Homes gain market share, it also resulted in a steeper margin decline than most public homebuilding peers over the past year.

This underscores a key tradeoff in today’s homebuilding market – prioritizing sales volumes, particularly at affordable price points, requires aggressive discounts and incentives that come at the expense of profitability. The builder spent, on average, 7.8% of the base value of its home sales on incentives, up from 4.8% a year ago. 

“[The margin pressure] is really just a function of adjusting price and payment through the use of incentives, closing costs and forward commitments to get that pace. That’s what I would tell you,” Devendorf said. 

Smith Douglas Homes CEO Greg Bennett acknowledged that the company has “leaned back in a little more on forwards and some rate purchases as the rates have gone back up” from July into August. However, the builder isn’t leaning into adjustable-rate mortgages (ARMS) as some its competitors are doing 

Despite the short-term drop in margins, Devendorf sees scale as a meaningful avenue to profitability. 

“We also recognize the need for us to continue to scale our business, right? In a declining rate environment or the housing environment we’re in, you’ve got top-line margin compression. Scale is probably the best lever to pull to continue to generate positive returns,” Devendorf explained. 

However, the key question for Smith Douglas Homes is: where will margins bottom out, and how much longer can the company post a profit amid falling margins? In keeping with its pace over price strategy, Smith Douglas Homes is guiding to a 16.0% to 16.5% gross profit margin during Q3, indicating that margins will further compress, at least in the short-term. 

“My guess is, in the third quarter, the total of all those incentives are probably going to also be up, and that’s the driver of the margin compression,” Devendorf said, explaining that lot costs and construction costs are expected to stay flat. 

Determining a margin floor

When asked if there was a margin floor that Smith Douglas Homes set for itself, Devendorf offered a candid response. 

“If you wanted a number, I’d tell you, at 15%, that’s when we’d start saying, ‘Okay, what other levers could we or should we pull?’ That’s probably the floor,” Devendorf said, acknowledging that anything lower would result in negative profitability. “Look, nobody wants to build for practice.”

This 15% margin floor is partially because Smith Douglas Homes now spends 15% of revenue on SG&A spending. Devendorf explained that the company is beginning to tighten its ship and is looking for opportunities to reduce SG&A spending little by little. As part of this, management has implemented a hiring freeze for non-essential roles, essentially limiting new hires to revenue-generating field positions. Other cost-cutting measures include reducing travel and meetings as part of a company-wide effort to preserve profitability.

A commitment to the affordable segment

Some builders have shifted away from or deemphasized the affordable segment, but Smith Douglas Homes reiterated its commitment to delivering affordably priced homes. The firm has one of the lowest average sales prices among public homebuilders, at $325,000. While this price point typically generates tighter margins, Devendorf sees price as a key differentiator for its buyers in Georgia, Tennessee, Alabama, Texas and the Carolinas. 

“We always say price is the ultimate amenity. Having that low price is key. We’ve been pushing on that. Again, we’re trying to really look at our incentives and see what the optimal use of incentives is and where we can pull back to then kind of recapture or at least maintain margin,” Devendorf said. 

Delivering a product that is more affordable than competitors remains a key part of Smith Douglas Homes’ strategy. 

“When we underwrite, we’re always trying to underwrite at least $10,000 below the lowest competitor so that there’s obviously more people that can afford our homes than anybody,” Devendorf added. 

Build-to-order strategy comes under pressure

Smith Douglas Homes has historically focused on build-to-order (BTO) sales. BTO homes, which require fewer incentives and come with more upgrades, typically generate about 150–200 basis points higher gross margins than spec homes. However, this margin differential has narrowed from roughly 300 basis points historically because of today’s more incentive-driven market, executives noted. 

“We focus on getting the home sold by drywall. That allows that house to still close on its intended close date when we started it,” Bennett explained. 

However, this historical emphasis on BTO came under fire in recent years. About 90% of orders pre-COVID came from BTO sales, but that share is now down to 70%, with specs accounting for the remaining 30%. This is a function of the current demand environment. 

“Just to be clear, we never moved away from BTO. It was just a function of the market and the demand environment,” Devendorf explained. 

This post was originally published on here. 

Eli Lilly’s two flagship medicines brought in almost $15 billion between them in a single three-month stretch, driving a revenue beat large enough that the drugmaker lifted its full-year sales forecast by $3 billion at both ends of the range.

Worldwide Mounjaro revenue rose 91% to $9.9 billion in the second quarter, with U.S. sales of $4.8 billion, up 45%, and international revenue climbing 172% to $5.2 billion. U.S. Zepbound revenue increased 44% to $4.9 billion, driven by demand and partly offset by previously announced cuts to cash-pay prices.

Combined, the two drugs produced $14.9 billion and added $6.3 billion in year-over-year sales. That represented 64.7% of the company’s quarterly revenue.

Total revenue climbed 48% to $23.0 billion, driven by a 60% jump in volume that was partially offset by a 13% drop in realized prices. That figure blew past a consensus estimate of $20.73 billion. Shares rose more than 5% in early trading.

The Guidance Raise

Lilly lifted full-year revenue guidance to a range of $85 billion to $87 billion, up from $82 billion to $85 billion.

The earnings line is more complicated. Reported earnings per share rose 26% to $7.94 and non-GAAP earnings rose 33% to $8.38, both including $3.03 per share in acquired in-process research and development charges against just $0.14 a year earlier. The company raised its underlying non-GAAP earnings guidance by $2.78 at the midpoint, but the acquisition-related charges more than wiped that out, producing a narrowed range of $35.50 to $36.50.

Net income came in at $7.10 billion versus $5.66 billion a year earlier.

Injectables Are Not Losing to Pills

The most consequential finding in the report has nothing to do with the top line.

The industry consensus heading into this year was that oral weight-loss medications would begin pulling patients away from weekly injections. That is not what the quarter showed. The results widened Lilly’s lead over Novo Nordisk even as the Danish rival launched an oral version of Wegovy in the U.S.

Volume growth carried both products past pricing pressure and intensifying competition, which suggests the constraint on this market has never really been patient preference for a pill. It has been access and cost.

Where the Growth Is Coming From

The international numbers deserve more attention than they typically get.

Mounjaro sales outside the U.S. jumped 172%, and Chief Executive David Ricks said the global adoption beat both the company’s own expectations and Wall Street’s by a wide margin. He noted that most patients in large middle-income markets — Brazil, China and India — are paying out of pocket, where Lilly is seeing what he described as strong and durable demand.

Revenue outside the U.S. rose 80% to $8.6 billion, with lower realized prices there driven mainly by Mounjaro’s addition to China’s National Reimbursement Drug List. U.S. revenue increased 33% to $14.4 billion.

That trade — accepting materially lower prices in exchange for national formulary access — is the strategy driving the volume, and it is working.

Ricks has estimated that global GLP-1 use will rise from roughly 20 million patients at the end of last year to 30 million by the end of 2026.

Beyond the Franchise

Lilly is spending heavily to avoid being a two-product company. Research and development expenses rose 14% to $3.8 billion, or 17% of revenue, while marketing, selling and administrative costs increased 25% to $3.4 billion on promotional support for current and planned launches.

There is early evidence the diversification is landing. Key product revenue in immunology, oncology and neuroscience grew 121% year over year. Regulatory wins in the quarter included FDA approval of Ebglyss for an eight-week maintenance dose in moderate-to-severe atopic dermatitis, European approval of Jaypirca as a monotherapy for chronic lymphocytic leukemia across all lines of therapy, and a U.S. submission for orforglipron in type 2 diabetes.

Ricks pointed to the next-generation weight-loss candidate retatrutide with its full clinical data package in hand, new manufacturing capacity coming online, and pipeline additions from business development.

Gross margin reached 85.8% of revenue, up 1.5 percentage points from a year ago on better production costs and favorable product mix.

Lilly crossed a roughly $1 trillion market capitalization earlier this year — a valuation built almost entirely on two molecules that just delivered nearly two-thirds of a quarter’s revenue.

JBizNews Desk | New York

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

SK Hynix approved about 54.3 trillion won, or roughly $38.3 billion, of new semiconductor investment through 2031, committing tens of billions of dollars to additional factories as artificial-intelligence systems drive demand for advanced memory chips.

The South Korean chipmaker said its board approved 35.2 trillion won for the second phase of its Yongin fabrication complex south of Seoul and another 19.1 trillion won for its M17 plant in Cheongju.

The scale matters because AI chips do not operate on processors alone. Systems built around Nvidia and other accelerators require enormous amounts of fast memory to continuously move data in and out of those processors.

That has turned high-bandwidth memory from a relatively specialized semiconductor product into one of the most strategically important components of the AI buildout.

SK Hynix has emerged as one of the largest suppliers of high-bandwidth memory, or HBM, used in AI servers. Unlike ordinary memory found in PCs and phones, HBM stacks multiple layers of memory together so massive quantities of data can move between the memory and processor at extremely high speeds.

That makes memory capacity a potential bottleneck.

If companies can obtain advanced processors but not enough HBM to feed them data, expensive AI servers cannot operate at their full potential. SK Hynix is therefore investing years ahead of expected demand, building fabrication capacity before customers actually need all of it.

The company’s Yongin expansion is part of a much larger semiconductor cluster being developed in South Korea, while Cheongju will add additional production capacity across both advanced memory and NAND products.

The spending also illustrates how the AI investment cycle is moving beyond software companies and data centers. Chipmakers, utilities, construction companies, equipment suppliers and materials producers are now committing enormous amounts of capital based on the assumption that AI computing demand will remain strong for years.

That creates opportunity but also risk.

Semiconductor factories cost billions of dollars and take years to build. If AI demand continues accelerating, the new capacity could become extremely valuable. If growth slows materially, manufacturers can be left with expensive plants producing more chips than the market needs.

For now, SK Hynix is clearly betting on the first scenario.

The AI boom is increasingly becoming a manufacturing boom, and memory is emerging as one of the physical constraints determining how quickly the computing infrastructure can grow.

JBizNews Desk | Seoul

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

A row over Israelis living abroad who plan to return to vote in the October 27 election spilled into the open over the weekend.

It began with a Friday column by Makor Rishon editor-in-chief Kalman Libeskind, who argued that Israelis who have permanently moved abroad should think twice before flying back to help choose the country’s next government.

His column came as Fly&Vote, an initiative of the AID Coalition, says some 31,000 Israelis abroad have already registered with the project. The group hopes eventually to help bring as many as 70,000 voters to Israel for Election Day.

Most Israelis cannot vote from abroad. Unless they fall into one of a small number of exceptions, they have to be physically in Israel to cast a ballot.

Fly&Vote says it helps Israelis overseas check their eligibility and arrange travel. It says it does not ask participants which party they support.

Kalman Libeskind, Editor-in-Chief of the Israeli newspaper Makor Rishon attends a conference of the Israeli newspaper Makor Rishon in Jerusalem. (credit: CHAIM GOLDBERG/FLASH90)

Bringing voters back an ‘immoral project,’ says Kan Radio host

Libeskind, who also hosts a daily radio show on Kan Radio, wrote under the headline, “Yordim who intend to come to Israel to vote in the elections are brazen people.”

The word yordim, literally “those who descend,” is commonly used for Israelis who leave the country and settle abroad.

Libeskind called the effort to bring such voters back an “immoral project.”

“Whoever doesn’t live here shouldn’t decide how we live here,” he wrote.

His argument was straightforward: people who have built permanent lives elsewhere will not live with the day-to-day consequences of the government they help elect, including its decisions on security, the economy and military service.

He made a point of excluding Israelis who are abroad temporarily for work, studies or similar reasons. He also said his criticism was about principle, rather than law, and would apply whether the returning voters were expected to support the Right or the Left.

Opposition MKs push back

The reaction came quickly.

Yesh Atid MK Vladimir Beliak accused Libeskind of applying a double standard and pointed to previous elections in which Haredi Israelis living abroad were encouraged to return to Israel to vote.

“What suddenly changed?” Beliak asked.

He argued that there had been far less outrage when overseas voters were thought likely to support Haredi or right-wing parties.

Beliak also claimed that tens of thousands of Haredim had returned from the United States in earlier elections. That figure has not been independently verified.

Democrats MK Naama Lazimi focused on another group: Israelis living abroad who returned after October 7 to serve in the reserves.

“For him, it’s okay that they die for the country, but absolutely not that they vote here,” Lazimi wrote.

Her response went to the heart of the criticism of Libeskind’s column. Many Israelis who live abroad still serve in the IDF, have close family in Israel, pay taxes here, own homes here or remain deeply involved in Israeli life.

Democrats MK Gilad Kariv also criticized Libeskind, accusing him of hypocrisy and rejecting the idea that one commentator should decide who has earned the moral right to vote.

Eyal Naveh, a founder of Brothers and Sisters in Arms, pointed to the role Israelis abroad played in the weeks after October 7, including raising money, sending equipment and returning to serve.

A fight inside Kan

The argument also became personal inside Kan.

Kan Europe correspondent Dov Gil-Har challenged Libeskind publicly, noting that Kan had sent him abroad and that his daughter serves in the IDF.

Gil-Har wrote that he felt he had to return to Israel and vote, and asked Libeskind whether he believed someone in his situation should do so.

Libeskind answered that Gil-Har was exactly the kind of Israeli his column had excluded.

“My dear Dovi, it is recommended to first read the column and only then respond to it,” he wrote, repeating that he was talking about Israelis who had moved abroad permanently.

Journalist Yair Kraus later came to Libeskind’s defense, saying critics had ignored that distinction.

Why the numbers matter

The argument has caught fire partly because the numbers are large enough to matter.

Fly&Vote grew out of networks formed during the 2023 protests against the government’s judicial overhaul. The AID Coalition says the project is nonpartisan and does not collect information about how participants intend to vote.

Its goal of bringing 70,000 Israelis back for Election Day has drawn attention in a race where relatively small shifts in turnout could influence the final distribution of Knesset seats.

That is why Libeskind’s Friday column quickly became something larger.

For his supporters, the issue is simple: people who permanently leave Israel should have less say over choices whose consequences will be carried mainly by those who still live here.

His critics say citizenship does not disappear at Ben-Gurion Airport, and neither do military service, family ties or a sense of responsibility for the country.

With thousands of Israelis abroad now making plans to return for the October 27 vote, the argument is unlikely to end with one column.

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Flights arriving at Catania airport in eastern Sicily were suspended until 1500 GMT on Monday after volcanic ash from a fresh eruption of Mount Etna drifted into airspace around the airport, operator SAC said.

Etna, which towers over Sicily’s east coast, is one of the world’s most active volcanoes and frequently disrupts air traffic at Catania, the island’s main airport and Italy‘s fifth busiest by passenger traffic.

“As the situation is significantly affecting operations, passengers are kindly advised to check the status of their flight with their airline before heading to the airport,” SAC said in a statement on Monday.

The situation is being constantly monitored, and further updates will be provided depending on the evolution of volcanic activity and weather conditions, it added.

Molten lava and volcanic fragments are thrown into the air during an eruption of Mount Etna in Sicily, Italy, July 30, 2026.  (credit: REUTERS/ Marco Restivo)

Latest eruptive phase continuing from vents at 2,750 meter altitudes 

The latest eruptive phase on Europe’s highest volcano was continuing from vents at altitudes of 2,750 meters (9,022 ft) and 2,360 meters, feeding several lava flows and creating extensive lava fields, Italy‘s National Institute of Geophysics and Volcanology (INGV) said.

INGV’s Volcano Observatory Notice for Aviation (VONA) remained at the highest alert level, red, indicating ongoing hazards for aircraft from ash emissions.

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US Senator Bernie Sanders called for the Democratic Party to ban the involvement of super PACs in primary elections in a letter to Democratic leadership on Sunday.

The letter, shared with Face the Nation with Margaret Brennan and released on the senator’s X/Twitter account, called the use of super PACs in political fundraising a form of “corruption.”

Super PACs, which have been highly controversial in US politics since their creation following two 2010 Supreme Court rulings, are a type of political action committee that enable the fundraising of unlimited sums of money from individuals and organizations for campaign advertising.

They support either individuals, issues, or industries but are not permitted to coordinate with candidates or their teams. 

According to CBS News, Senator Sanders noted in his letter that super PACs have already spent over $517 million during the 2026 midterm election cycle.

US Senator Bernie Sanders (I–VT) arrives for a vote at the US Capitol, in the wake of US President Donald Trump saying he may temporarily drop the nomination of Todd Blanche to be US attorney general, in Washington, US, July 30, 2026. (credit: EVELYN HOCKSTEIN/REUTERS)

Calls for a new constitutional amendment, repeal of Supreme Court ruling

According to CBS News, the letter, addressed to Senate Minority Leader Chuck Schumer, House Minority Leader Hakeem Jeffries, and Democratic National Committee Chair Ken Martin, called on Congress to pass a constitutional amendment to repeal the 2010 Supreme Court ruling, Citizens United, which struck down limits on independent political spending, ostensibly creating super PACs in the process.

Sanders believes that even candidates who support super PAC reforms will inevitably continue accepting money from super PACs for use in elections so long as there is benefit to be gained from the arrangement.

“Look, in the world that we live in, until we get rid of Citizens United and get rid of super PACs and move to public funding of elections, that is the reality,” said the Vermont Senator. “You can’t allow Democratic candidates to be outspent 50 to 1. But it is a corrupt campaign finance system, and Democrats can take charge of what takes place within their own primaries right now. General election can’t, but within primaries, Democrats can get super PACs out. That’s what they should do.”

The letter suggests that the Democratic Party take proactive measures to ban the participation of super PACs in primary elections, a move that would not require legislative action.

“I urge you to take action and make clear that the Democratic Party will no longer maintain this corrupt system,” Sanders wrote.

“While there are ideological differences of opinion within the big tent of the party, I would hope that we can all agree that Republican special interests should not play a role in determining the outcome of Democratic primaries. The time to act is now.” 

AIPAC and party loyalty

In the letter, Sanders made mention of AIPAC, the American Israel Public Affairs Committee, which backed Haley Stevens in Michigan during her recent Democratic primary loss against Abdul El-Sayed.

Noting the organization’s bipartisan nature, Sanders, who has actively campaigned on behalf of El-Sayed, said that AIPAC is expected to back the Republican nominee, Mike Rogers, in the Senate election. 

“What is particularly obscene is not only the outrageous amount of money coming into Democratic primaries from billionaire-funded super PACs, but the reality that these special interests have no particular desire to see Democrats win,” wrote Sanders.

“It is absurd that they spend tens of millions of dollars to try to determine who the Democratic nominee is and, if they fail, then proceed to support the Republican candidate in the general election.

“That is not democracy. That is not what Democratic voters want.”

He wrote that “AIPAC is not the only super PAC or outside organization playing this role. Corporate super PACs – including crypto, AI and online betting special interests – have already… [shattered] the record set in 2024.”

In an appearance on Face the Nation, Sanders said, “It doesn’t matter that you’re a Democrat or a Republican… They [super PACs] will take over the primaries and try to get their point of view through, get their special interests accomplished, regardless of which party. So to me, it is insane that the Democrats would allow somebody to come in, an entity to come in, that will then, if they lose, go into the other party.”

Sanders concludes his letter by saying, “While there are ideological differences of opinion within the big tent of the party, I would hope that we can all agree that Republican special interests should not play a role in determining the outcome of Democratic primaries. The time to act is now.”

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Ofek Adanek was revealed to be the well-known singer who was arrested on Saturday on suspicion of violently assaulting his partner, with the singer confirming the rumors himself through an Instagram post on Monday.

He was released from custody yesterday under restrictive conditions, and he has been prohibited from contacting his partner, social media star Hadas Masuri, as well as the other people involved in the incident, for 40 days.

Adanek, 24, first broke onto the scene in 2017 with his song “Boi Buba” (“Come on, Baby”). A year later, when he was only 16, he participated in the sixth season of The Next Star for Eurovision, where he got into an argument with judge Assaf Amdorsky.

Following that argument, he did not advance past the audition stage of the show. In recent years, he has become very well known on social media among young people and teenagers, and his music has also made it onto radio station playlists, including the hit “Eich Shehi Rokedet” (“The Way She Dances”), which he released together with Eden Hason and Agam Buhbut.

Adanek and Masuri began dating a little over a year ago. About four months ago, they moved in together.

Israel Police car (credit: YOSSI ALONI/MAARIV)

Representatives for the singer issued their first response to the affair yesterday.

“We thank you for all the support and immense love at this time. This was a private argument between two partners. We categorically deny all claims and fabrications regarding assault or violence. We trust the court, which decided to release him immediately, and expect the media and the public to respect its decision.”

Masuri ‘shattered’ mentally, taking time for herself

Earlier, Masuri also shared a statement on her social media.

“I went through a very turbulent night. Mentally, I am simply shattered,” she wrote in an Instagram story. “Despite all the horrible messages I’m receiving, I want to say to those who know me and know that I am okay!!!! I would never be capable of something like that… I love you from the bottom of my heart, and a huge thank you for all the concern and messages.”

She rejected rumors that she had run over Adanek.

“Let’s make one thing clear – I did not run anyone over. The accusation is completely baseless. The story was so simple that it’s crazy that it reached these proportions,” she claimed.

“Thank God, the police have all the details, and everything is in their hands, and I trust them to do their job properly. Nobody here knows the story or what happened, so don’t jump to conclusions. I never wanted this to end like this or come out in this way. I’m taking some time for myself,” she added.

Singer alleged to have threatened to throw partner’s belongings out the window

According to the police account, everything began the previous evening at around 7:00 p.m. The singer’s partner came to his home to tell him that she wanted to break up with him. The singer was asleep at the time, and when he woke up, a confrontation began between the two. According to the police, he demanded that she not leave until she took her belongings, and when she said she was unable to take them at that moment, he threatened to throw them out of the window.

The partner went downstairs to the car with her friend, and the singer followed her. The confrontation continued in the parking lot. A police representative told the court that the singer asked her to give him the parking remote and told her that she should take her belongings out, otherwise he “didn’t know what he would do to her.”

When she attempted to leave the area, according to the police, the singer stood in front of the vehicle. His partner began driving, and during the incident, his leg was injured. At that point, the singer smashed the window of her car. When police arrived at the parking lot following a report from a third party to the emergency hotline, they found him there, distressed, with an injured and bleeding hand.

During cross-examination, it emerged that there was actually no dispute over some of the key facts. The singer’s lawyer, attorney Nes Ben-Natan, asked the police representative whether his client admitted to breaking the window and had provided an explanation for doing so. The police representative answered yes. He also confirmed that the window was broken after the singer’s leg had been injured by the vehicle. It further emerged that part of the incident, beginning with the breaking of the glass, was captured on video.

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Several children and teenagers were killed on Sunday across the country in a series of disconnected tragic accidents.

A 5-year-old boy died in the afternoon after allegedly being forgotten for about two hours in the family car in Lod.

The boy was found unconscious in the vehicle and showing signs of heatstroke. Magen David Adom (MDA) teams performed advanced resuscitation efforts and evacuated him in critical condition to Shamir–Assaf Harofeh Medical Center, where doctors were forced to pronounce him dead.

According to the initial details being investigated, the family was returning home, and the boy fell asleep during the drive. The family members are suspected of getting out of the vehicle while the boy remained inside. About two hours later, the father noticed that his son was not at home, returned to the car, found him unconscious, and called MDA.

Later in the afternoon, the death was pronounced of Elhanan Karni, a 12-year-old boy from Modi’in Illit who was found today in the Jordan River. The boy’s whereabouts became unknown while he was aboard a watercraft on the Jordan River, near Yesod HaMa’ala, during a family vacation.

MDA vehicles outside of the scene where a well-known lawyer was murdered in a suspected assassination on August 4, 2026.  (credit: MDA Operational Unit)

Following the report, police and rescue forces were called to the scene and launched extensive searches to locate him. The search involved a helicopter from the aerial unit, volunteers from the rescue unit, and fire and rescue personnel.

After he was located by the Golan Rescue Unit, MDA medics and paramedics determined that the boy had no signs of life and were forced to pronounce him dead at the scene.

Katzrin teenager killed after falling during Keshet Cave rappelling

A few hours later, Yehonatan Efraim Klimian, a 16-year-old from Katzrin, died after falling from a height of approximately 30–40 meters while rappelling at Keshet Cave in the western Galilee.

Paramedics from MDA’s intensive-care unit reached the teenager at the site and provided medical treatment and advanced, life-saving resuscitation efforts.

Meanwhile, the unit commander and rescue teams managed the operation at the site. Following an assessment of the situation, it was decided to release an airborne team from Unit 669 and continue the treatment and rescue efforts from the ground. After prolonged resuscitation efforts at the scene, the teenager was pronounced dead.

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A settler suspected of attacks against Palestinians, Tal Yinon Dardik, will be released from house arrest but ordered not to approach the West Bank, IDF Central Command Chief Maj.-Gen. Avi Bluth decided on Monday.

Dardik is suspected of involvement in attacks against Palestinians and other nationalist-motivated offenses, including a suspected attack in March.

IDF Maj.-Gen. Avi Bluth, head of the Central Command, attends a ceremony for incoming Jerusalem District commander Avshalom Peled is held in the Old City of Jerusalem, January 4, 2026. (credit: CHAIM GOLDBERG/FLASH90)

District Court rules house arrest order justified

The Jerusalem District Court on Sunday rejected Bluth’s appeal over an administrative restriction order imposed on Dardik, while leaving intact the finding that Dardik poses a security risk and should remain under full house arrest.

Judge Avraham Dan Rubin upheld an earlier military appeals committee decision that the order against Dardik was justified, but that he could not be required to serve the house arrest specifically at his mother-in-law’s home in the West Bank settlement of Adei Ad without her consent.

“The starting point in the proceeding before me is that the respondent poses a danger which justifies full house arrest,” Rubin wrote, noting that Dardik had not challenged that finding as part of the appeal before the District Court.

Sarah Ben-Nun contributed to this report.

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For years, U.S. scientists and biotech companies have watched warily as China has made strides onto the global stage, overtaking them in research spending, patent applications, and clinical trials.

To many observers, it has been a sign that the U.S. needs to urgently modernize a lumbering clinical trial and regulatory system. But now, a key driver of China’s roaring biomedical engine — one that many researchers believe the U.S. should replicate — is being fine-tuned, and a system that was credited with supporting the country’s wild success has come under scrutiny.

That system has been fueled by what are known as investigator-initiated trials, or ITTs, in which researchers were long permitted to launch clinical trials without sign-off from the National Medical Products Administration, China’s equivalent of the Food and Drug Administration, and without the rigorous review that would otherwise come with it. The studies have allowed China to speed up the translation of medical research, encourage physicians to become a part of the country’s drug innovation engine, and help produce billions of dollars in sales of newly approved medicines.

They also appear to have come at a price, raising questions about patient safety, a lack of transparency, and the use of intellectual property.

Continue to STAT+ to read the full story…

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When most people hear “Ebola,” they think of a single disease caused by a single virus.

Scientists know better. Ebola virus disease is caused by several distinct virus species capable of causing devastating outbreaks in humans, each with important biological differences that influence diagnostics, vaccines, therapeutics, and outbreak response. Yet for much of the past decade, global preparedness efforts have largely focused on a single species: Zaire ebolavirus (EBOV).

Read the rest…

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In cancer treatment, the pitch has been simple: What if, instead of blasting radiation across patients’ bodies, crop-dusting not only malignant cells but also neighboring healthy tissues, we could shoot chemical weapons directly at only the noxious tumors?

That has been the central promise of radiopharmaceuticals, which have grabbed the drug industry’s attention and created a shining new field of drug development. But, as more and more of these therapies move into clinical trials, developers are finding it’s not so clear-cut. 

The isotopes that make up radiopharmaceuticals are just as virulent as the beam radiation patients have begrudgingly tolerated for decades. They are designed to be far more targeted. But while they’re hurtling to biological bull’s-eyes, some are inadvertently zapping patients’ kidneys, liver, or bone marrow along the way. 

Continue to STAT+ to read the full story…

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In September, states must start to notify Medicaid enrollees affected by new changes — including work requirements and new twice-yearly eligibility checks — that will begin in 2027.

These changes, introduced by the One Big Beautiful Bill Act of 2025 with a short implementation timetable, are expected to reduce Medicaid enrollment and potentially create confusion and chaos as beneficiaries try to understand whether and how new requirements affect them. States are required to notify people affected by the changing requirements using at least two outreach methods, but the exact methods are up to the state.

Read the rest…

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Officials from one country in the Middle East advised another regional state to pursue an agreement with Israel in order to “lull it to sleep” while preparing for a larger confrontation, according to a Monday report.

First reported by KAN News and cleared for publication by the IDF military censor, the report noted that officials from said country told their counterparts during talks in recent months that they should demonstrate tactical flexibility toward Israel and work toward reaching an agreement.

The proposal, however, was not intended as a path toward lasting reconciliation. Instead, the officials advised the other country to use the period created by an agreement to prepare for a future war against Israel, according to the sources cited in the report.

The officials reportedly suggested reaching an agreement with Israel with the intention of later violating it, while simultaneously preparing for a larger military confrontation.

The identities of either of the two countries involved have not been identified.

Gunmen stand guard at the funeral of Marwan Issa, a senior Hamas deputy military commander who was killed in an Israeli airstrike during the conflict between Israel and Hamas, amid a ceasefire between Israel and Hamas, in the central Gaza Strip, February 7, 2025. (credit: REUTERS/Ramadan Abed)

“Anyone who thought we could entrust the security of our sons to agreements and guarantees from those around us received a painful slap in the face this morning,” National Security Minister Itamar Ben-Gvir said in response to the report.

“Behind all these agreements rooted in the failed conception lie lies and deception. These are agreements whose purpose is to lull us to sleep ahead of the next blow.”

Israel engaged in peace talks with Lebanon, Syria

Israel has concluded its latest round of peace talks with Lebanon in Rome, where the two countries have worked on a shortlist of countries that could send troops to verify the disarmament of Hezbollah.

The talks center around the implementation of the June deal that links Israel’s progressive withdrawal of troops from Lebanon to the disarmament of ​the terrorist organization.

Additionally, Syria’s Ahmed al-Sharaa recently told Al Jazeera that Syria and Israel are working to reach a security agreement with the aid of several countries, adding that he hoped for an agreement that could serve as a gateway to comprehensive peace without undermining Syria’s claim to the Golan Heights.

Hamas documents reveal false attempts at seeking stability

Those concerns carry particular weight following the intelligence failures surrounding the October 7, 2023, Hamas massacre. Internal Hamas documents published in June detailed a deliberate effort by the terrorist organization to convince Israel that it sought stability while secretly preparing for a surprise attack.

The documents described a multidimensional deception strategy designed to foster Israeli complacency. Hamas sought to project restraint and an interest in economic and diplomatic arrangements, including by remaining on the sidelines during some previous rounds of fighting between Israel and Palestinian Islamic Jihad.

Additionally, the report did not address whether the country that allegedly received the proposal accepted the advice or acted on it. It also does not establish that any agreement currently under discussion with Israel is part of such a strategy.

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Taylor Farms said on Sunday it was recalling prepared food items containing jalapeños from retailers over concerns about potential salmonella contamination, a few weeks after removing lettuce from Mexico that US authorities linked to the cyclospora parasite.

The California-based supplier said it had voluntarily recalled the products, including salsas and guacamole, after being notified that Coast Citrus Distributors was recalling the fresh peppers.

Taylor said in a statement it was no longer sourcing from a farmer in Sinaloa, Mexico, that was identified as the potential source of the salmonella outbreak.

The Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) said earlier this week they were investigating the salmonella outbreak, which had sickened 345 people across 27 states and led to 36 hospitalizations.

The US investigation identified restaurants including Chipotle Mexican Grill CMG.N and Qdoba, a Mexican-style restaurant chain, as having received jalapeños imported by Coast Citrus Distributors. Both restaurants stopped using them, while Coast Citrus recalled the remaining product and notified customers.

Packages of Taylor Farms Petite Romaine lettuce hearts are displayed for sale in the refrigerated produce department at a Costco Wholesale warehouse on July 29, 2026 in Arlington, Virginia.  (credit: Kevin Carter/Getty Images)

Taylor said it is unaware of any reported illnesses linked to the voluntarily recalled items.

Salmonella infections can cause diarrhea, fever and stomach cramps and can be particularly severe in young children, older adults and people with weakened immune systems.

Taylor facing scrutiny over cyclosporiasis outbreak

Taylor was already facing heightened scrutiny over an outbreak of cyclosporiasis, which causes severe diarrhea.

The US Food and Drug Administration said it had linked the cyclosporiasis to Taylor Farms products from Central Mexico, although the company said the FDA had not confirmed positive sample tests for cyclospora on its lettuce as of August 5.

Taylor Farms said it voluntarily suspended all iceberg lettuce sourcing and production from central Mexico and commissioned a safety review.

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Viktor Kruhlov, director of Ranok, one of Ukraine’s largest children’s publishers, struggled to hold back tears as he watched pile after pile of his books turn to ash.

“It’s a terrible sight to see books burning,” he said.

A Russian drone strike on Ranok’s warehouse in the northeastern city of Kharkiv on August 1 destroyed about 8 million books, the biggest blow yet to Ukraine’s publishing industry during the four-year-old war.

Publishers say more than 10 million books have been destroyed in attacks on warehouses in recent months, threatening an industry that initially benefited from rising demand for Ukrainian-language literature at the start of the conflict.

As firefighters battled the blaze, Kruhlov said the first explosion at the warehouse was followed moments later by a second at the same spot.

Firefighters put out a fire in a damaged book store area following a Russian air attack in Kharkiv on August 1, 2026, amid the Russian invasion of Ukraine. (credit: SERGEY BOBOK / AFP via Getty Images)

“This was a deliberately planned attack against the book warehouse,” said Kruhlov, whose company prints around one-third of the textbooks used in Ukrainian schools.

Russia’s defense ministry did not respond to a request for comment.

The attacks on book warehouses and printing houses have resonated deeply in a country where many see the war as a fight for national survival and identity. Education Minister Andrii Butenko described them as an attempt to destroy the Ukrainian language, history and memory, “everything from which the identity of our children grows.”

Russian President Vladimir Putin has repeatedly questioned Ukraine’s separate statehood and argued that Russians and Ukrainians are one people.

Beyond their symbolic impact, the strikes on the publishing industry illustrate the mounting economic costs of a war increasingly defined by endurance, economists and business leaders say.

Losses continue to mount

“There are signs of a crisis in the market. We don’t yet know how the situation will develop,” said Yevhen Shyrynos, chief editor of publisher BookChef, which lost about 800,000 books – the majority of its inventory – in a Russian attack on Kyiv on July 2.

Another 100,000 books were lost when their backup warehouse was hit in a Russian attack this week. 

“It depends on Ukraine’s overall economic situation,” Shyrynos said.

Ukraine’s economy has proved resilient during the war, adapting to blackouts, labor shortages and repeated attacks on infrastructure while remaining afloat with support from Western allies. But annual economic output, at roughly $215 billion, remains about a fifth below its pre-invasion level.

In an effort to take the war back to Moscow, Ukraine has stepped up its own attacks on Russia’s economy, targeting oil facilities and logistics warehouses as well as weapons production facilities.

Economists and executives say the conflict is becoming a test of economic endurance.

“Essentially, it’s a struggle for survival – whoever can hold out the longest,” said Olga Pindyuk from the Vienna Institute for International Economic Studies.

 War takes toll on economic growth

Most economists expect Ukraine’s growth to slow further in 2026 as Russia intensifies strikes on infrastructure and logistics.

A survey released on Wednesday by the Kyiv-based Centre for Economic Strategy cut the median growth forecast for next year to 1.1% from 2.4%. Ukraine’s economy grew by about 1.8% in 2025.

“I meet businesses every day, and there has not been such despair over losses … since 2022,” Danylo Hetmantsev, head of parliament’s tax committee, told Ukrainian television.

“The economy is currently experiencing significant losses.”

The defense sector is one of the few growth areas, due to the massive demand from the battlefield. About 60% of state spending this year is devoted to defense.

The central bank expects the defense industry to contribute about 1.4 percentage points to Ukraine‘s total economic growth of 1.8% this year – meaning the rest of the economy is essentially stagnant.

In particular, the vital agricultural sector – which accounts for the majority of Ukraine’s exports – is struggling. Agriculture Minister Taras Vysotskyi has said Russian attacks on Black Sea port infrastructure could cost the farm sector between $1.5 billion and $3 billion this year.

Publishing sector faces long recovery

Publishing faces particular challenges because books can take six to 18 months to produce.

After an early wartime boom driven by demand for Ukrainian-language titles and bans on Russian imports, publishers now face rising costs, long replacement times and repeated losses from strikes.

BookChef has looked at reducing risks for its storage facilities and expanding its network of printers. But with printing costs up about 40% over the past two years, fewer Ukrainians can afford to buy books regularly.

Shyrynos expects the sector to stagnate.

“In fact, all our sectors will stagnate and decline until the war is over. The war is a vast, bottomless abyss that devours whatever funds you allocate to it.”

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A video of Iranian Supreme Leader Mojtaba Khamenei was released by Iran’s semi-official Mehr News Agency on Sunday. 

The video clip, which was under 15 seconds, appeared to show Khamenei speaking with a group of other men. No date or location was specified in the footage. 

Media outlets have noted that the clip bears a similarity to another video released earlier in the year. 

Khamenei has not been seen since the start of the war and the assassination of his father, former supreme leader Ayatollah Ali Khamenei. 

Iranian media reports Pezeshkian, Khamenei meeting

Iranian President Masoud Pezeshkian met Khamenei around the start of the president’s third year in office in late July, state media said on Sunday, and a paramilitary leader promised footage of Khamenei in the future.

A handout photo made available by the Iranian Presidential Office shows Iran's President Masoud Pezeshkian attending a press conference in the capital Tehran, on August 8, 2026. (credit: Iranian Presidential Office / AFP via Getty Images)

Pezeshkian has given differing accounts in recent weeks about his access to Khamenei, who has not been seen in public since he succeeded his father in the role in March.

On July 21, the president said interactions with the supreme leader were “increasing day by day”, but in early August he said communicating with Khamenei was “very difficult.”

The late July meeting covered military affairs and the economy, including securing resources, managing foreign exchange and energy use, as well as economic ties with foreign partners, according to state media.

In May, state media also reported that Pezeshkian had met Khamenei for several hours, in what was then the first publicly reported meeting between the two since Khamenei became supreme leader.

Khamenei was reportedly seriously injured in the February 28 strike that killed his father and predecessor, Ali Khamenei, on the first day of the US-Israeli war on Iran. He had also generally kept a low public profile before becoming supreme leader.

Basij Organization deputy Qasem Qoraishi said on Sunday that footage and other documentation showing Khamenei among the public and out in the streets, as well as in meetings with armed forces commanders, would be released in the future.

Qoraishi said the footage would “once again bring disgrace upon the enemies and detractors of the Iranian people.” The comments appeared aimed at countering speculation about Khamenei’s health and lack of public appearances.

This post was originally published on here. 

As Americans celebrate our nation’s 250th birthday, we’re reflecting on the promises that have defined our country. Few are more fundamental than the opportunity to build a stable life. Yet for millions of Americans, that opportunity remains out of reach because they cannot find or afford a safe place to call home. 

If opportunity is America’s promise, housing is where that promise begins. 

Today, more than one in four renter households — a staggering 12 million families — spend more than half their income on rent and utilities alone, leaving less wiggle room for life’s other expenses. Behind that statistic are families making impossible choices between housing, groceries, childcare and other basic necessities. 

The foundation of opportunity 

Housing is often framed as an economic issue. It is certainly that. But we can all agree that it is also so much more: It determines how well a child does in school, how a senior can age with dignity and how a family can build security rather than living one crisis away from disaster. 

It also determines whether a neighborhood remains a place where businesses invest, residents stay engaged and communities grow stronger together. Addressing a challenge of this scale requires action at every level, including federal policies that enable communities to build and preserve affordable homes. 

The bipartisan 21st Century ROAD to Housing Act is an encouraging example of what can happen when Congress focuses on practical, bipartisan solutions that help communities expand housing supply, preserve existing homes and support critical repairs. 

Its significance lies not in what it does on paper, but in what it can mean for families searching for an affordable apartment, seniors hoping to remain in their communities or homeowners struggling to keep up with repairs. 

Moving from legislation to local impact 

This legislation is an important first step in addressing our nation’s affordable housing challenges, but more can and should be done. Congress should fund key initiatives authorized by the bill, particularly the Whole Homes Repair Program, which would help homeowners make essential repairs that preserve safety, accessibility and long-term housing stability. 

Lawmakers should also enact the Neighborhood Homes Investment Act, which would create a tax credit to close the financing gap that prevents the construction of affordable starter homes in many communities. Together, these investments would expand homeownership opportunities, strengthen neighborhoods and help more families build lasting financial security.

For decades, community development organizations have partnered with local leaders to bring together public, private and philanthropic resources that create affordable housing and expand economic opportunity. Their experience has shown that while every community faces different challenges, lasting progress happens when federal investment is paired with local leadership and community-driven solutions.

Local leadership in action 

Across the country, these partnerships are already producing results. In Detroit, the Local Initiatives Support Corporation (LISC) has helped more than 850 homeowners access zero-percent-interest loans for critical repairs, investing more than $28 million to help families remain safely in their homes. 

In Rhode Island, a USDA-supported self-help housing program is helping low-income families achieve homeownership, working alongside future neighbors to build their own homes. 

Across rural America, Rural LISC’s Healthy Housing Initiative is partnering with more than 70 community-based organizations, investing $4.9 million to build, rehabilitate and repair homes, connecting families in Mississippi to disaster preparedness and recovery resources and expanding home rehabilitation opportunities in Texas. In Arkansas, Rural LISC is partnering with We Center We Build’s modular single-family homeownership program to provide funding for early development activities.

Renewing the promise of opportunity 

These stories address different community needs, but the lesson is the same: Affordable housing is about far more than housing. It is about economic opportunity too – whether working families can build stable futures and whether children can succeed in school. 

The good news is that communities across the United States are already demonstrating what works. The challenge now is how to give communities the additional tools and resources they need to scale these solutions. 

Reflecting on America’s 250th anniversary of independence, we are reminded that our nation’s greatest achievements have never come from standing still. They have come from renewing our commitment to the American dream and expanding opportunity to more people. 

With renewed tools and resources, including those in the bipartisan 21st Century ROAD to Housing Act, our communities can ensure that access to housing and economic opportunity continues to build a stronger America.

Michael T. Pugh is president and CEO of Local Initiatives Support Corporation, one of the country’s largest community development organizations.
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com. 

This post was originally published on here. 

I don’t know about you, but I seem to face my biggest demons head-on in the midst of a long run on the back farm roads of my little town in Tennessee. There is this constant push and pull throughout my six-plus miles on a Sunday morning where, in one thought, I’m praising myself, feeling like my feet are light and I’ve got this. Then, in the very next breath, it switches to, “I suck.” Or, “I failed at that terribly, and I need to hurry up and figure it out.” It is odd how strong the pull back and forth is.

But don’t we all feel that? I think leadership feels exactly the same way. Why do I feel so much pressure all the time? It’s a question I don’t think enough leaders ask out loud. Instead, we disguise it.

We call it ambition. We call it responsibility. We call it growth. We convince ourselves it’s simply part of leadership. But if we’re honest, many of us are carrying a level of pressure that has very little to do with the work sitting on our desks.

When the shadow disappears

I’ve learned something about myself over the years. I run without headphones on purpose. People ask me why all the time. The answer is simple. Music gives me somewhere else to go.

Silence forces me to stay. Headphones give us something else to focus on. They allow us to outrun the conversations we don’t want to have. But leadership doesn’t work that way. Eventually, every leader has to sit alone with their own thoughts, and I’ve found there is no better training ground than six miles with nothing but my breathing, my footsteps and whatever I’m trying to avoid.

Last Sunday, something happened that I didn’t fully appreciate until I got home. For the first half of my run, the morning sun was in front of me. My shadow stretched out forty-five degrees ahead of me, almost like it was leading the way. I felt light. My pace felt easy.

My heart rate stayed lower than the threshold; grateful for that, so my watch didn’t beep at me. Ironically, my thoughts followed. “You’re getting stronger.” “You’ve got this.”

“Keep going.” Then I turned. The road didn’t change. My fitness didn’t change. My pace barely changed.

The only thing that changed was the direction I was running. Now the sun was behind me. My shadow disappeared from my sight. And almost immediately, the conversation in my head changed too. “You’re behind.”

“You should have handled that better.” “Figure it out already.” I didn’t even realize it was happening. Looking back, I couldn’t help but wonder if seeing my shadow in front of me had subconsciously given me something to chase. When it disappeared behind me, all that was left were my thoughts.

Changing the internal dialogue

Leadership feels like that. Sometimes nothing in our circumstances has actually changed, yet our internal dialogue changes everything. Then, about two-thirds of the way through my run, I passed a farm with nearly a dozen horses gathered along the fence. Immediately, the productive side of my brain kicked in.

“Keep running. Don’t stop your watch. Finish the workout. Get home.” But another voice interrupted.

“Go pet the horses.” It felt almost irresponsible. I was on a schedule. I had miles left.

But I paused my watch anyway. For two minutes, I stood there petting them and taking in the simple joy of the moment. When I started running again, I wasn’t physically different. But mentally, everything had changed.

It made me realize something. Pressure isn’t always asking us to work harder. Sometimes it’s inviting us to pay attention to what we’re missing.

Michelle Berman-Mikel is the CEO & Founder of Berman Media PD.
This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: zeb@hwmedia.com. 

This post was originally published on here. 

Spanish satellite operator Hispasat has been selected to lead a major portion of the European Union’s planned €15.6 billion IRIS² satellite network, giving the company responsibility for key ground infrastructure and communications systems in one of Europe’s largest new space projects.

Hispasat will serve as prime contractor for antennas, control systems and ground links that will connect the network’s satellites with users across Europe. Its immediate share of the program carries a budget of more than €1.6 billion, with another roughly €600 million potentially tied to low-Earth-orbit connectivity.

The significance is that Europe is no longer treating satellite communications as ordinary telecom infrastructure. It is increasingly treating them as strategic infrastructure that must remain under European control.

IRIS² — short for Infrastructure for Resilience, Interconnectivity and Security by Satellite — is designed to give European governments, militaries and critical industries secure communications even if terrestrial networks are disrupted or foreign satellite providers become unavailable.

That puts the project in direct strategic competition with commercial systems such as Starlink, but with a different mission.

Starlink is primarily a private broadband network. IRIS² is being built around sovereignty, cybersecurity, government communications and resilience. The European Commission wants member states to have access to encrypted connectivity that does not depend entirely on companies headquartered outside the bloc.

Hispasat’s role is therefore much larger than supplying antennas.

Ground stations act as the bridge between satellites and terrestrial networks. They control traffic, authenticate users and move data into the broader communications system. Whoever operates that layer sits close to the most sensitive part of the network.

The project also shows how Europe’s rising defense and security spending is creating opportunities beyond weapons manufacturers.

Satellite operators, cybersecurity companies, telecom-equipment suppliers, launch providers and ground-infrastructure contractors are all becoming part of a much larger security supply chain as governments spend more heavily on communications systems that can continue operating during war, cyberattack or natural disaster.

For Hispasat, the contract could provide years of predictable infrastructure spending while strengthening its position in government and secure communications.

Europe is effectively building its own strategic communications backbone in space — and Hispasat has now been handed one of the most important pieces on the ground.

JBizNews Desk | Madrid

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Almost one-fifth of Israelis (18%) have considered emigrating from the country in the last two years, a new poll by KAN News revealed on Monday.

The poll also showed that one-third of the respondents knew someone who had left Israel in that time period.

Twelve percent of the respondents also stated that the outcome of the upcoming elections would affect their decision on whether or not to move out of Israel.

Opinions were split on whether the number of those leaving the country is concerning. Nearly half (46%) of respondents were not worried about the number of people emigrating from Israel, while 41% said that they were worried.

The responses were also divided sharply between supporters of the opposition and the coalition.

El Al plane takes off at the Ben Gurion International Airport, outside of Tel Aviv, August 4, 2026. (credit: YOSSI ALONI/FLASH90)

Among coalition voters, 70% said they were not worried about the number of people leaving the country, while 22% said they were concerned. Among opposition voters, by contrast, almost 60% expressed their worry about the amount of people leaving Israel.

Israel facing ‘tsunami’ of emigration, Gilad Kariv says

Last week, Immigration, Absorption and Diaspora Affairs Committee Chair MK Gilad Kariv (Democrats) warned that Israel is facing a “tsunami” of emigration from the country, following the publication of a new study from Tel Aviv University showing that over 90,000 Israelis left the country in 2025 for three or more consecutive months. 

The study, based on data from the Central Bureau of Statistics, found that the number of Israelis who have left the country since 2023 for three or more months is significantly higher than it was a decade ago.

According to the study, a total of 268,930 Israelis left Israel in 2023 (86,509), 2024 (91,499), and 2025 (90,922). For comparison, the study showed that during the same period in 2013, 2014, and 2015, only 83,219 citizens left Israel.

Miriam Sela-Eitam contributed to this report.

This post was originally published on here. 

More than 3,200 pounds of ready-to-eat pastrami and corned beef products are being recalled over concerns they may be contaminated with Listeria monocytogenes, according to the US Department of Agriculture’s Food Safety and Inspection Service (FSIS).

The products were shipped to foodservice locations in Illinois, Iowa and Michigan before being distributed nationwide. FSIS said the potential contamination was discovered during routine inspection activities.

The recall includes 10-pound cardboard boxes containing 2- to 5-pound pieces of “Midamar Premium Beef Pastrami” with case code “19410” printed on the box label.

Also included are various-weight 20- to 30-pound cardboard boxes containing two to three pieces of “Bea’s Best Cooked Corned Beef Brisket” with case code “18919,” as well as various-weight 20- to 30-pound boxes containing two to three pieces of “Kirsch Delicatessen Style Cooked Corned Beef Brisket” with case code “19751.”

CLIMBING ROPES RECALLED OVER RISK OF DEATH FROM FALLING, REGULATORS SAY

The products were produced on July 16 and have a 60-day shelf life, FISA said.

The food items were shipped to foodservice locations in Illinois, Iowa, and Michigan before they were further distributed nationwide.

The issue was discovered during routine inspection activities, the agency said.

There have been no confirmed reports of illness in connection with the consumption of these products. Anyone concerned about illness is urged to contact a healthcare provider.

FISA warned that consumption of food contaminated with Listeria monocytogenes can cause listeriosis, a serious infection that primarily affects older adults, people with weakened immune systems and pregnant women and their newborns, although others can also be affected.

“Listeriosis can cause fever, muscle aches, headache, stiff neck, confusion, loss of balance and convulsions sometimes preceded by diarrhea or other gastrointestinal symptoms,” the agency said. “An invasive infection spreads beyond the gastrointestinal tract. In pregnant women, the infection can cause miscarriages, stillbirths, premature delivery or life-threatening infection of the newborn. In addition, serious and sometimes fatal infections in older adults and persons with weakened immune systems.”

MORE THAN 1.7M LADDERS RECALLED NATIONWIDE OVER POTENTIALLY DEADLY FALL HAZARD

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“Listeriosis is treated with antibiotics. Persons in the higher-risk categories who experience flu-like symptoms within two months after eating contaminated food should seek medical care and tell the health care provider about eating the contaminated food,” it added.

FISIS is concerned that some products may be in consumers’ homes. Anyone who has purchased these products is instructed not to consume them and to either throw them away or return them to the place of purchase.

This post was originally published here. 

Saudi Arabia, Turkey, and Pakistan signed a joint defense agreement in Mecca on Friday that could alter the strategic balance of the Middle East.

Under the agreement, an armed attack on any one of the three countries will be considered an attack on all three.

Turkish Foreign Minister Hakan Fidan went further, saying on Saturday the arrangement was technically equivalent to NATO’s Article 5 collective-defense commitment.

As Reuters and Jerusalem Post Staff reported Saturday, with Eli Leon contributing, Fidan said the alliance would establish a ministerial committee and a general secretariat based in Saudi Arabia. Egypt could eventually join.

Turkish President Recep Tayyip Erdogan said the agreement was based on “the principle of collective deterrence” and would expand security, defense, and counterterrorism cooperation.

Turkish President Tayyip Erdogan, Saudi Crown Prince Mohammed bin Salman and Pakistan's Prime Minister Shehbaz Sharif pose after signing a joint defense agreement in Mecca, Saudi Arabia, August 7, 2026. (credit: Murat Cetinmuhurdar/Turkish Presidential Press Office/Handout via REUTERS)

Then came a statement Israel cannot ignore.

Pakistani defense minister calls for ‘united military front’ against Israel

A day after the agreement was announced, Pakistani Defense Minister Khawaja Asif called for “a united military front” against Israel, describing it as a “threat to the entire Muslim world.”

The Post’s Danielle Greyman-Kennard reported Sunday that Asif tied his call to the unresolved Palestinian issue and urged the Islamic world to stand together against Israel.

Dr. Yoel Guzansky, head of the Gulf Research Program at the Institute for National Security Studies, told Greyman-Kennard that the pact “doesn’t shut the door completely on normalization” between Israel and Saudi Arabia.

“Countries need stability. Saudis need stability,” Guzansky said, describing Riyadh’s approach succinctly: “This is hedging.”

Former national security council head Jacob Nagel offered a similar explanation in an interview with 103FM reported by the Post on Friday.

Nagel called the agreement “more of a diplomatic maneuver intended to put pressure on the American administration,” arguing that Riyadh is looking for alternatives as it feels increasingly exposed.

That vulnerability has been building for years. Saudi Arabia has watched Iran and its proxies demonstrate their ability to strike across the region.

The 2019 attack on the kingdom’s Abqaiq and Khurais oil facilities exposed the limits of its defenses and raised questions in Riyadh about outside support in a crisis.

Israel should, therefore, take this Saudi hedge seriously.

Riyadh is searching for security, leverage, and strategic independence. The question for Israel and the United States is where that search eventually leads.

Turkey, under Erdogan, has adopted an increasingly hostile posture toward Israel. Pakistan has no diplomatic relations with Israel, and its defense minister is already invoking Muslim military unity against the Jewish state.

Saudi Arabia should understand the problem this creates. A defense partnership with countries whose senior leaders portray Israel as a regional enemy will inevitably cast a shadow over normalization.

Israeli leaders cannot treat the alliance as merely technical if one of its members is already speaking about organizing the Muslim world militarily against Israel.

Saudi-Israel normalization offers greater opportunities than current defense pact

Nevertheless, Jerusalem should keep the door to Riyadh wide open.

Israel’s interest is to accelerate efforts to bring Saudi Arabia into an American-led regional security architecture that includes Israel and moderate Arab states.

The strategic promise of Saudi-Israel normalization extends beyond embassies, tourism, and trade.

It offers a durable regional alignment capable of confronting Iran, improving missile and air defense cooperation, protecting trade routes, and connecting Israel more deeply to the Arab world.

The Abraham Accords showed that relations with Israel can serve Arab states’ economic and strategic interests. Saudi Arabia would bring significant political and economic weight to that regional framework.

That strategic objective has become even more urgent.

Washington should pay close attention to what happened in Mecca. A long-time US partner has sought additional security insurance from Ankara and nuclear-armed Islamabad. That is a warning about declining confidence in American guarantees.

The US should ask why one of its most important Arab partners feels it needs an alternative security structure, and how to prevent that structure from developing an explicitly anti-Israel character.

Israel should speak clearly to Riyadh while continuing to pursue normalization.

Saudi Arabia can play a central role in building a more stable Middle East. Israel has every reason to bring it closer.

Riyadh must decide whether its new alliances will strengthen regional stability or give greater influence to governments seeking to turn Israel into the common enemy.

The Mecca agreement has made that choice much harder to avoid.

This post was originally published on here. 

At least 18 ready-to-eat meat and poultry products have been recalled following a salmonella outbreak linked to fresh jalapeño peppers that has sickened 345 people and hospitalized 36, according to the Food Safety and Inspection Service (FSIS) and the Food and Drug Administration (FDA). 

The outbreak has been reported across 27 states and linked to jalapeños grown in Sinaloa, Mexico, and distributed in the US by Coast Citrus Distributors, according to the Food and Drug Administration. Many of the reported illnesses have been tied to Mexican-style restaurants rather than the prepared foods covered by the alert.

The meat products, which contain the recalled FDA-regulated jalapeños, fall under the “Fully Cooked – Not Shelf Stable” category and include ready-to-eat wraps, bowls and salads.

They were sold at major retailers including Walmart, Kroger, H-E-B, Albertsons, Randalls, Tom Thumb, Wawa, Hannaford, RaceTrac and Dillons. 

SALMONELLA OUTBREAK LINKED TO JALAPENOS SPREADS TO MULTIPLE STATES, DOZENS HOSPITALIZED

There have been no confirmed reports of illnesses linked to the recalled meat and poultry products. 

The recalled products were distributed in 24 states: Alabama, Arkansas, Connecticut, Florida, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Rhode Island, Tennessee, Texas, Vermont and West Virginia. 

Federal regulators said several major brands and retailers were impacted, including Taylor Farms, Deli Kitchen, H-E-B’s Higher Harvest and Meal Simple brands, Marketside, Wawa, Albertsons, Randalls, Tom Thumb and Hannaford.

The prepared meals have use-by dates primarily ranging from Aug. 3 through Aug. 16, 2026. 

CHIPOTLE CEO SAYS CHAIN IS MAKING ‘MEANINGFUL PROGRESS’ ON A MAJOR CUSTOMER CONCERN

Taylor Farms and Deli Kitchen: Products include the Chipotle Cheddar Chicken Wrap, sold at Kroger and Dillons, with use-by dates from Aug. 7 to Aug. 13, 2026; Cajun Chicken Mashed Potatoes & Corn, sold at Kroger, with use-by dates from Aug. 7 to Aug. 14; Taylor Farms Chicken Enchiladas, sold at Kroger, with use-by dates from Aug. 7 to Aug. 16; and RaceTrac Southwest Style Salad Chicken, with use-by dates from Aug. 7 to Aug. 13.

H-E-B: Recalled products sold under the Higher Harvest and Meal Simple brands include the Chicken & Beef Chimichurri, with use-by dates of Aug. 6, Aug. 9 and Aug. 13; and Creamy Cilantro Chicken, with use-by dates between Aug. 4 to Aug. 12.

Additional recalled H-E-B products include the Southwest Chicken Shake Rattle Bowls, with use-by dates from Aug. 7 to Aug. 15; Meal Simple Pork Carnitas Bowl and Chicken & Rice with Cilantro Jalapeño Sauce, both with use-by dates of Aug. 3, Aug. 7, Aug. 10 and Aug. 14. 

Marketside and Wawa: Recalled products include Marketside Southwest Style Salad with Chicken, sold at Walmart, with use-by dates from Aug. 8 to Aug. 16, and Wawa Spicy Chipotle Chicken Wrap, with use-by dates from Aug. 6 to Aug. 8.

Albertsons, Randalls and Tom Thumb: Recalled ready meals include pre-made Beef Barbacoa Bowls, Chile Lime Rice Chicken Bowls, Pork Chile Verde Bowls and Chipotle Chicken Wraps, with use-by dates ranging from Aug. 7 to Aug. 12. 

Hannaford: Recalled products include Taylor Farms Classic Beef Burritos, Chipotle Chicken Tortilla Wraps and Chicken Verde Burritos, with use-by dates ranging from Aug. 7 to Aug. 12. 

For a full list of recalled products, visit the FSIS website here. 

SYSCO, NATION’S LARGEST FOOD DISTRIBUTOR, HALTED DISTRIBUTION OF MEXICAN LETTUCE AMID CYCLOSPORA OUTBREAK

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

Among 191 infected individuals interviewed by investigators, 93% reported eating at a Mexican-style restaurant before becoming ill. The reported meal dates ranged from June 14 to July 14. 

No deaths have been reported. 

Both Chipotle Mexican Grill and QDOBA received contaminated jalapeños imported from Sinaloa, according to officials. 

Chipotle reportedly switched its jalapeño supplier for affected locations beginning July 20 and is no longer serving the affected product. 

QDOBA also stopped using jalapeños at all of its restaurants on July 28. 

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

Because of those containment measures, the FDA said there is no current ongoing risk to consumers eating at those establishments. 

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FSIS said it expects additional downstream products to be identified as the ingredient recall progresses. 

Eating food contaminated with Salmonella can cause salmonellosis, with symptoms including diarrhea, stomach cramps and fever. 

Symptoms can begin within six hours to six days after exposure, and most people recover within four to seven days without treatment. 

Severe illness can occur, particularly among older adults, infants and people with weakened immune systems. Those concerned about possible illness should contact their health care provider. 

This post was originally published here. 

The United States and Iran are approaching a decisive point in negotiations over the Strait of Hormuz, with Tehran saying that a framework for an agreement with Oman has already been formulated and that the final text and details will be released soon.

US Vice President JD Vance has also confirmed that progress has been made in the negotiations in recent days.

At the same time, the possibility of renewed US strikes remains on the table, along with the possibility of an independent Israeli strike.

Discussions are also continuing in the United States over how the underground nuclear site at Pickaxe Mountain could be targeted if US President Donald Trump concludes that the negotiations have failed.

“I’m trying to remind people that we really are in the middle of the game here. This thing is not over,” Vance said to Fox News on Saturday morning

Vance said the United States was using “a whole range of diplomatic, economic and military tools” simultaneously in an effort to secure the best possible outcome for Americans.

A satellite image shows an overview of the Pickaxe Mountain tunnel complex in Natanz, Iran, March 7, 2026. (credit: VANTOR/HANDOUT VIA REUTERS)

Oman has expressed optimism over a deal

Addressing Iran’s position after months of fighting and US pressure, Vance said, “They are suffering very badly. They want this thing to end. The question is whether they are capable, whether their system is capable, of giving the things that are necessary for us to be satisfied, for us to feel like we got what we need out of this particular conflict.”

“That is still undecided, but I do think that we’ve made some progress over the last couple of days.”

Vance added, “There are active talks taking place, which also involve additional countries in the Gulf.”

The current negotiations are focused in part on creating conditions that would maximize the flow of oil and gas through the Strait of Hormuz, with the aim of lowering fuel and energy prices in the United States, according to the vice president.

Vance also rejected claims that Iran was preparing to tighten its control over the strait, saying that talks involving other Gulf countries were underway in an effort to ensure the safe passage of vessels.

Oman also expressed cautious optimism on Saturday, saying that negotiations with Iran were taking place in a “positive and constructive atmosphere.” Muscat called on the parties to avoid actions that could damage the talks or undermine the progress already made.

The comments came after the United Arab Emirates accused Iran of attacking a vessel associated with Abu Dhabi’s national oil company in the Strait of Hormuz.

Despite the diplomatic efforts, however, a significant gap remains between the negotiations and developments in the strait.

The Islamic Revolutionary Guard Corps has continued to take a harder line. IRGC spokesman Gen. Hossein Mohebbi said reopening the Strait of Hormuz was “completely separate” from negotiations between Iran and Oman, and that the timing and manner of reopening the strait depended on the acceptance of conditions set by Tehran.

Mohebbi also demanded that the United States refrain from interfering in negotiations between Iran, Oman, and other countries in the region, which he said were already in their final stages.

Military strike against location not ruled out

Against the backdrop of the diplomatic talks, Trump continues to keep the military option open.

US President Donald Trump speaks to the media aboard Air Force One en route to Joint Base Andrews, in Maryland, US, August 2, 2026.  (credit: REUTERS/Daniel Heuer)

One of the sites still at the center of attention is Pickaxe Mountain, an underground complex near Natanz where, according to reports, Israel has intelligence indicating that Iran transferred centrifuges.

Trump repeatedly referred to the site last month and threatened to strike it if an agreement was not reached.

Any such operation would present major challenges. The site is protected by a layer of rock whose depth could reach approximately 450 feet.

Satellite images indicate that some of the tunnels have been blocked and reinforced with soil and rocks, while other entrances remain open. Trucks and construction equipment have also been observed operating around the site.

According to experts, bunker busting bombs could struggle to penetrate hundreds of meters of granite. A ground operation that would allow forces to reach deep inside the facility and plant explosives would also be particularly dangerous.

Another option would be to carry out precision strikes on the tunnel entrances themselves. Such an operation might not destroy everything located deep inside the mountain, but could block access to the facility while allowing the United States to continue monitoring it from the air.

Trump has already publicly signaled that Pickaxe Mountain could become a target if the negotiations fail.

In an interview last month, Trump said the United States was “watching very closely” what was happening at the mountain. He later issued a stronger warning, saying, “We’re going to eliminate Pickaxe Mountain. Tell the Iranians to be ready.”

On July 28, Trump said that if an agreement was not reached, “we’ll have to eliminate the Pickaxe.”

The exact status of the facility, however, remains unclear.

An analysis by the Institute for Science and International Security concluded last month that satellite imagery alone cannot determine when the site could become operational. It also remains unclear whether Iran still intends to establish a large centrifuge assembly facility there following the severe damage suffered by its centrifuge program.

Despite reports that a framework for an agreement has been formulated and cautious optimism from Washington and Muscat, a key question remains unresolved: whether the conditions Iran is prepared to accept will be enough for Trump to halt the campaign, or whether the president will decide to carry out the threats he has made in recent weeks.

“That is still undecided,” Vance said in summary of the situation.

This post was originally published on here. 

Wall Street spent last week betting that the Strait of Hormuz would reopen soon. Over the weekend, Iran said it is not even talking to Washington directly about it. That denial is the reason U.S. stock futures turned lower Sunday evening while oil moved higher — the market had priced in a deal that suddenly looks further away.

Trading in futures contracts, which run Sunday night ahead of Monday’s regular session, showed S&P 500 futures down about 0.2%, Dow Jones Industrial Average futures off 99 points, or 0.2%, and Nasdaq-100 futures up 0.1%. West Texas Intermediate crude rose 1% to just above $79 a barrel on Sunday.

The reversal came after Iranian Foreign Minister Abbas Araghchi said Tehran is not currently in direct talks with the United States to end the war and open the strait, even as Washington maintained that an agreement is close. Roughly a fifth of the world’s seaborne oil moves through that waterway, so every shift in the odds of a deal shows up first in the crude price and then in everything that runs on fuel — airlines, truckers, chemicals, food distribution.

Coming off the best week since April

The soft open follows a powerful five days. The S&P 500 closed Friday at a record 7,757.64, up 0.62%, while the Nasdaq Composite climbed 1.3% to 26,690.62 and the Dow added 151.83 points, or 0.28%, to 54,036.93. For the week, the Nasdaq jumped 5.2%, the S&P 500 gained 3.6% and the Dow rose 3% — the strongest weekly showing since April.

What drove it was a jobs report that came in badly and was received well. The Labor Department reported that nonfarm payrolls fell by 23,000 in July, against economist forecasts for a gain of 80,000, with the prior two months revised sharply lower. The unemployment rate slipped to 4.1% from 4.2% as workers left the labor force. The combined May and June revisions took 103,000 jobs off the books.

In an economy where the Federal Reserve’s next move is widely expected to be a rate increase, a weak labor market is read as relief. Odds of a hike at the September meeting fell to roughly 44% on the CME FedWatch tool, down from 55% the previous session and 67% a week earlier.

Rates, dollar and gold

Treasury yields fell across the curve Friday: the 10-year down four basis points to 4.64%, the rate-sensitive two-year off five basis points to 4.19%, and the 30-year down three to 5.19%. The dollar index dropped 0.3% to 99.60 as the euro touched a seven-week high near $1.1567. Cheaper money lifts the two assets that respond most to it. Gold rose 2.4% Friday to about $4,347 an ounce, a seven-week high, capping a weekly gain near 7.5% — its best week in seven months.

Market movers

Atlassian surged 35% after fourth-quarter revenue rose 28% from a year earlier, remaining performance obligations climbed 44% to $4.82 billion, and the company guided first-quarter revenue to $1.705 billion to $1.715 billion, above the $1.67 billion consensus. Twilio gained 23% on a second-quarter beat and a dollar-based net expansion rate of 116%, ahead of the 110% estimate. Palantir finished its best week since 2024, and Airbnb rallied after beating on earnings. Earnings season has been unusually strong: of 440 S&P 500 companies reported so far, 87% have topped expectations, versus an 82% beat rate a year ago.

Commodities

Crude closed Friday lower after wide intraday swings, with West Texas Intermediate down 0.41% to $76.97 a barrel and Brent off 0.52% to $82.06. Sunday’s move back above $79 wiped out that decline and then some.

Overseas

Asia opened Monday firmer despite the U.S. futures dip. Japan’s Nikkei 225 added more than 0.54% with the Topix marginally higher, South Korea’s Kospi gained 0.53% and the Kosdaq advanced 1.48%, while Australia’s S&P/ASX 200 rose 0.54%.

What’s next

Inflation is the week’s main event. The July consumer price index lands Wednesday at 8:30 a.m. Eastern alongside hourly earnings, followed by the producer price index and weekly jobless claims Thursday and July retail sales Friday. Existing home sales are due Tuesday. On the earnings calendar: Simon Property Group Monday, Super Micro Computer, Lumentum and Cardinal Health Tuesday, Coherent Wednesday, and Applied Materials and Tapestry Thursday.

A hot CPI print would put the September rate-hike question straight back on the table and undo much of Friday’s relief. A cool one, paired with any concrete movement on Hormuz, gives this rally room to keep running.

JBizNews Desk | Wall Street

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Three of Israel’s representatives in the third round of European qualifying recorded mixed results over the weekend, with Hapoel Tel Aviv earning a valuable 2-0 win over Katowice, Beitar Jerusalem falling 2-1 to Austria Wien and Maccabi Tel Aviv suffering a 3-0 defeat to CSKA Sofia.

Hapoel Tel Aviv defeated Katowice 2-0 in the first leg of their UEFA Conference League third-round qualifying tie at Miskolc, Hungary, with goals from Stav Turiel and Roi Alkukin. Should Elyaniv Barda’s side advance past the Polish club, it will face Italian Serie A powerhouse Atalanta in the playoff round for a place in the league phase.

Hapoel made the better start and took the lead in the 18th minute when Omri Altman found Turiel at the top of the box, with the forward finishing past Gabriel Kobylak. Emmanuel Boateng then won possession and set up Alkukin, who chipped the ball over the Katowice goalkeeper to make it 2-0.

The Reds continued to look for a third goal, with Alkukin and Daniel Dappa both coming close, but Katowice held firm as Hapoel settled for a two-goal advantage heading into the return leg.

“Given how the game developed, the players also felt that we could have won by more,” Barda said. “Still, at the end of the day we played a very good game from a professional standpoint. The 2-0 result helps us advance to the next round, but it doesn’t take us there yet.”

 Beitar Jerusalem, which saw its title hopes ended. (credit: YEHUDA HALICKMAN)

Barda also praised the Hapoel supporters who traveled to Hungary.

“Kudos to all the fans who came out here to see us. It’s unbelievable, they gave us a real home feeling and it has an incredible impact on the players.”

Beitar Jerusalem lost to Austria Wien after early lead

Over in Romania, Beitar Jerusalem came up short against Austria Wien 2-1 in the first leg of their Conference League third-round qualifying tie.

Noam Muche gave Beitar an early lead, but Vasilije Markovic equalized just before halftime and Sanel Saljic scored the winner in the 70th minute.

The result leaves Almog Cohen’s side needing a comeback in next week’s return leg in Vienna. The winner of the tie will advance to the playoff round, where either Braga or Dinamo Minsk awaits.

Beitar created several early opportunities before Muche broke the deadlock in the 20th minute with a long-range effort.

However, a poor clearance by Gil Cohen fell to Markovic, who finished from inside the area to make it 1-1 before the break.

Austria Wien came close to taking the lead early in the second half, but a missed opportunity and an offside goal kept the score level. Omer Atzily also came close for Beitar before Saljic finally put the hosts ahead.

Austria continued to threaten, but Miguel Silva made several important saves to keep Beitar within reach. Tomer Yosefi created opportunities after coming on, while Timoti Muzie also came close late on as Beitar searched for an equalizer.

“It’s very disappointing. We came here to win the game,” Cohen said. “Whenever you lose, even though it’s only halftime in the tie and we still have another half to play in Vienna, you’re disappointed.

“I knew for certain the match would be played at a very high tempo, and the burden of proof was on us, not on them.

Against AEK Larnaca we wanted to play an aggressive, high-pressing game and against Austria Wien we knew they would play at a very high pace. The question was whether we would be able to match that tempo.”

MACCABI TEL AVIV players celebrate after sealing a 6-0 aggregate victory over Sheriff Tiraspol to advance to the third round of UEFA Europa League qualifying. (credit: MACCABI TEL AVIV/COURTESY)

Maccabi Tel Aviv took a significant loss in Georgia

In Batumi, Maccabi Tel Aviv suffered the toughest result of the three Israeli clubs, falling 3-0 to CSKA Sofia in the first leg of their Europa League third-round qualifying tie.

Sofia took the lead in the ninth minute when Maks Ebong scored from inside the box past Ofek Melika. Leandro Godoy doubled the advantage with a volley 20 minutes later, sending the hosts into halftime with a 2-0 lead.

Kenny Miller made several changes during the second half in an effort to change the momentum, but CSKA Sofia added a third through Joel Zwarts to complete the victory.

Maccabi will travel to Bulgaria next week needing a major turnaround to reach the playoff round, where OFI Crete awaits.

Should the yellow-and-blue fail to overturn the deficit, they would drop into the Conference League playoff round, where they would face either Lugano or Runavik.

“This tie is still far from over,” Miller said. “But the goal we conceded at the end certainly makes the challenge more difficult. Here were some good things throughout the game, but there were also a lot of bad things.

“Once again, we didn’t win our individual battles, which is the ‘dirty’ side of soccer, and we were too slow tracking back after giving the ball away cheaply. I felt we lost possession far too many times even when we weren’t under any pressure, like on the third goal, which came from a simple forward pass and a counterattack. We were far too open in those moments and that’s not something that characterized us at the start of the season.”

Israel’s fourth team in European qualifying, Hapoel Beersheba, will take a 1-0 lead into this week’s second leg against Red Star Belgrade 1-0, with a tough road test on Wednesday.

Should Beersheba advance to the playoff round, it will face the winner of the Sabah vs Aarhus matchup, with a victory sending the Southern Reds to the Champions League league phase and a loss dropping them to the league phase of the Europa League. 

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

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Yoav Horowitz, former director-general of the Prime Minister’s Office and current founding member of Gadi Eisenkot’s Yashar! party, told Channel 12 on Friday about his experiences with the Netanyahu family and his decision to re-enter politics in recent years. 

Prime Minister Benjamin Netanyahu appointed Horowitz as his chief of staff in May 2016, bringing him into government service from his former job as CEO of Avis Israel. The two men go back a number of years, with Horowitz having served in a senior position on Netanyahu’s 2006 campaign in the Likud primaries.

Horowitz announced his resignation from the post in the Netanyahu government in June 2019. He even went on to attend weekly anti-Netanyahu protests after the government announced its intention to reform the country’s judicial system, giving the coalition significant power over the High Court.

“I went because I see the attempt to destroy the judicial system as the root of all evil, which ultimately also led to October 7,” he said.

 Anti-judicial reform protest at Kaplan street in Tel Aviv, July 29, 2023. (credit: AVSHALOM SASSONI/MAARIV)

‘My children and yours deserve honest leadership’

Horowitz told Channel 12 that his decision to return to politics was heavily influenced by the October 7 Massacre and its aftermath. His three sons were all called to reserve duty when the war broke out, each serving on the front lines. 

“They were fighting in places with the highest level of friction,” he said. “Like thousands of other families, you wait for the knock on the door, and the worst scenarios run through your mind. The very worst.”

“My children and yours deserve honest leadership,” Horowitz added. “Leadership that takes responsibility, leadership that sets a personal example in everything, preferably modest leadership. Leadership that says, ‘Forward, charge,’ and people follow it.”

The former chief of staff also explained that the level of loyalty required of government employees by the Netanyahu family was, in his opinion, inappropriate. 

“The demand for personal loyalty was hanging over the place all the time, a kind of obsession,” he told Channel 12. At one point, he was told that a large number of people working under him would have to sign a written declaration of loyalty to the Netanyahu family. He confronted the prime minister about it, and was told: “Do what you were asked to do.”

“The family’s influence is significant,” Horowitz emphasized to Channel 12. “There is no separation. Everything is connected to everything: personal matters, financial matters, political matters and security matters.”

Herb Keinon contributed to this report.

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Israel’s navy has taken possession of the most expensive warship it has ever ordered, a German-built attack submarine designed to stay hidden at sea for weeks at a time so the country retains a way to strike back even if its land forces are knocked out in a surprise attack.

The vessel, named the INS Drakon, was handed over at the ThyssenKrupp Marine Systems shipyard in Kiel, Germany, in late July, with the transfer confirmed in early August. It is the sixth Dolphin-class boat in the Israeli fleet and the third built to the upgraded Dolphin II design. Delivery had originally been set for 2025.

The price is what sets it apart from anything Israel has bought before. The submarine runs more than 70 meters, or roughly 230 feet, displaces over 2,000 tons, and is described as the largest submarine Germany has built since the Second World War, at an estimated cost of $634 million.

That figure buys a specific kind of insurance. Israel’s air bases, missile batteries and naval facilities are concentrated in a country the size of New Jersey, and Haifa harbor — where much of the submarine fleet ties up — is a known, fixed target. A boat at sea is not. Ehud Eilam, an Israeli national security researcher who previously worked for the country’s defense ministry, said keeping a submarine continuously deployed is a matter of national survival.His argument is straightforward: if Iran struck in a way that crippled Israeli forces on land, the boat already at sea would be the one able to answer.

Submarines sitting in port, he noted, could be hit and left unable to sail.

Israeli defense reporting has long described the Dolphin fleet as the country’s sea-based second-strike layer — the piece of the deterrent an adversary cannot destroy in a first blow because it cannot find it. Israel has never confirmed what the boats carry.

Size, in this case, is a range calculation. Eilam said the larger hull points to Israel wanting more options, including longer-reaching missiles that could cover targets inside Iran while the submarine remains in the Mediterranean. The alternative routes are unattractive: transiting the Suez Canal brings the boat close to Iranian reach and can be risky or unavailable outright, while sailing around Africa would take weeks. A missile with enough legs removes the need to make that trip at all.

The economics behind the program are as notable as the hardware. Germany has underwritten a substantial share of Israel’s submarine purchases over three decades, a commitment rooted in postwar policy and one that has drawn periodic criticism inside Germany. For ThyssenKrupp Marine Systems, the Israeli order book has been a steady anchor at a moment when European naval yards are running near capacity on rearmament work tied to Russia’s war in Ukraine and NATO spending increases. TKMS chief executive Oliver Burkhard told Israeli outlet Ynet that the current program is running to schedule, including the delivery of the final boat in the earlier series and its voyage home to Israel.

That backlog matters commercially. Submarine construction is among the slowest, most capital-intensive work in defense manufacturing, with build cycles measured in years and a small number of yards worldwide capable of doing it. Orders placed today lock in industrial capacity well into the 2030s, which is why delivery slippage — the Drakon arrived roughly a year behind its original date — is common across the sector rather than unusual.

The boat’s day-to-day work is intelligence gathering and reconnaissance across the Mediterranean, with the strategic mission held in reserve.The name carries its own weight. Drakon, Hebrew for dragon, was chosen partly because its letters echo Dakar — the Israeli submarine that vanished in the Mediterranean in 1968 with all 69 crew aboard — and the defense ministry has said the naming honors that crew.

The wreck was not located until 1999.

Fox News Digital said it had requested comment from the Israeli navy, the defense ministry, TKMS and the Israel Defense Forces.

The delivery lands with the U.S.-Iran conflict still unresolved and Gulf shipping lanes under strain, and it hands Israel a capability that does not depend on airfields, runways or ports remaining intact.

JBizNews Desk | Jerusalem

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Hungary’s only nuclear plant sits on the Danube and uses river water to cool its reactors. The river has fallen so low that the plant’s pumps can no longer draw enough of it, so the country switched the plant off — and is now buying replacement electricity from its neighbors at a far higher price than it costs to make at home. That swap, repeated day after day through a heat wave, is what officials and economists in Budapest are warning will show up in the national accounts.

The shutdown is not a forecast or a contingency. The Paks plant, about 75 miles south of Budapest, went fully offline for the first time in its 44-year history, a consequence of sustained drought across central Europe. Officials said record-low Danube water levels had disrupted reactor cooling. Output had already collapsed before the final shutdown, falling to 965 megawatts on a Friday and then to 240 overnight, against a normal 2,000 megawatts. The plant accounts for 40% of Hungary’s electricity generation.

The immediate bill is for imported power. Hungarian politicians have put the cost of the energy crisis at 100 billion to 200 billion forints, roughly €273 million to €547 million, because electricity bought abroad is far more expensive than what Paks produces. Reuters has put the potential cost as high as $632 million. Those outlays land on a budget the government was already trying to consolidate.

The growth arithmetic is smaller but harder to undo. Paks contributes about half a percentage point to Hungary’s GDP, and an outage of roughly twenty days within a quarter could shave about 0.1 percentage point off quarterly output, according to Gábor Regős, chief economist at Gránit Capital Management. The distinction that matters: electricity Paks does not generate today cannot be generated later, so it is a permanent loss, whereas factories running below capacity can make up some lost production once power returns.

Industry is absorbing the shock in real time. The government is boosting power imports to cover part of the shortfall and has asked large industrial firms, including car and battery makers, to cut consumption voluntarily, while warning that mandatory reductions may follow. A crisis plan prioritizes cutting electricity to companies and treats household limits as a last resort — rail freight was halted at peak hours starting Monday, and decorative lighting on state buildings has been switched off.

Agriculture is the second front. The drought is expected to hit farm output hard, restraining growth and potentially pushing food prices higher — a complication for central bankers who had penciled in a third consecutive monthly rate cut in August. More than 100 cities and villages have been placed under water-use restrictions.

Currency markets moved first. The forint, one of the world’s best performers earlier this year, slid to a three-month low against the euro and posted its steepest monthly decline since October 2024 as the energy crisis unsettled investors. It has since given up only modestly, though its failure to recover has been read as a sign the market is still pricing risk. The trade picture is being squeezed from both sides: weaker industrial exports on one hand, larger and costlier electricity imports on the other, with global oil and gas prices — still shaped by the Iran conflict — determining how much damage lands on the current account.

This is a regional problem, not a Hungarian one. Romania shut both Candu reactors at its own Danube-cooled plant and is leaning more heavily on imported electricity, driving up prices already lifted by air-conditioning demand. Danube flow fell to 1,650 cubic meters per second in late July against a July average of 4,750, approaching the record low of 1,400 set in 1985. On the Rhine, Germany’s most important inland trade corridor, vessels are carrying significantly less cargo, requiring more ships to move the same volume at higher cost.

The politics are sharpening. Economy and Energy Minister István Kapitány has said a low-water pumping station costing roughly 10 billion forints could have prevented the shutdown, and has ordered an inquiry into why it was never built. Prime Minister Péter Magyar, who urged the public to conserve electricity and water, has partly blamed infrastructure gaps inherited from the previous government.

There is a path out, and it runs through the weather. By Tuesday evening the Danube had risen five centimeters and the plant’s last turbine was running steadily, reducing the odds of a total shutdown for now. Forecasters expect weak industrial figures for late July and worse for August, but see a chance of recovery starting in the autumn if a complete outage is avoided and manufacturers can lift capacity utilization to recoup lost production. Budapest, meanwhile, faces temperatures near 100 degrees Fahrenheit for days ahead with no rain in the forecast.

JBizNews Desk | Budapest

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Iran cannot move dollars through ordinary banks, so it moves them as crypto through small exchanges that ask few questions. On Friday the Treasury Department blacklisted one of the biggest of those exchanges, a Dubai storefront called Shelbit, along with the Iranian expatriate who built it and a chain of shell companies stretching across four countries.

The designation puts every one of those entities on the sanctions list, which means American banks, payment processors and crypto platforms are now barred from touching them and must freeze any assets they hold. Foreign firms that keep dealing with them face their own exposure.

Treasury’s Office of Foreign Assets Control said the action targets two digital asset exchanges the Iranian regime relies on, along with the ringleader of a network of front companies operating across multiple jurisdictions. Iranian actors used unlicensed or lightly regulated platforms to move large volumes of digital assets, running the proceeds through corporate networks and an online gambling operation that hid where the money came from before it reached the Islamic Revolutionary Guard Corps and regime-connected individuals.

Treasury Secretary Scott Bessent framed it as evidence the pressure campaign is landing, saying the department will “hunt down and dismantle the illicit financial networks” keeping the regime solvent, whether the money moves in dollars, rials or crypto.

The numbers Treasury put on the record are specific. Wallets belonging to the Revolutionary Guard sent more than $1 million in digital assets to Shelbit Exchange addresses, and more than $2 million moved back the other way from Shelbit to Guard-controlled wallets. Addresses owned or controlled by the exchange’s founder, Siavash Kayvanpour, sent over $2 million to Nobitex, Iran’s largest crypto exchange, which the US designated earlier. Kayvanpour was born in Iran, holds citizenship in Dominica and Afghanistan, has lived in the United Arab Emirates, and runs the exchange through a Republic of Georgia company while a UAE entity, Shelbit General Trading, operates it commercially. He also owns a Poland-based affiliate and manages two more Dubai companies, all of which were designated Friday.

The gambling piece is the part that turns a sanctions case into a story about how the money actually cleared. Shelbit served a large Persian-language gambling network run by two Iranian influencers living abroad, and tens of millions of dollars of that network’s digital assets were washed through the exchange. Both men were convicted of illegal gambling inside Iran in 2023, yet their websites retain access to Iran’s online payment systems, which the central bank controls tightly.

Dubai’s regulator had already been circling. The UAE’s Virtual Assets Regulatory Authority took enforcement action against the trading company in January 2025 and again in July 2026, and it remained open for business.

Treasury hit a second target the same day. Aban Tether, an Iran-based exchange, was designated for operating in the Iranian financial sector after processing millions of dollars in transactions with previously blacklisted platforms including Nobitex, Wallex, Bitpin and Ramzinex.

The action followed a press investigation rather than preceding it. Reuters published a report on July 31 identifying Shelbit as the hub of a $4 billion Iranian sanctions-evasion operation, finding that the exchange moved crypto for Iran’s central bank, for one of the world’s largest illegal online gambling networks, and to addresses Israeli authorities have tied to the Revolutionary Guard. The exchange’s public website had been dark for months while money kept flowing through it, including during the war, and it came back online the day after that report ran.

Shelbit disputes the case. In an August 1 statement posted on its revived site, the company said it “categorically rejects any suggestion” that it knowingly took part in money laundering, terrorist financing, illegal gambling, sanctions evasion, or work for any sanctioned, military or government body, and said it had shut down operations in January 2026. Neither the company nor Kayvanpour responded to requests for comment.

For compliance officers at US banks and crypto firms, the practical takeaway is the reach of the order. Any entity owned 50 percent or more by the blocked parties is automatically blocked as well, penalties can be imposed on a strict-liability basis, and non-US persons are barred from causing Americans to violate the rules even unwittingly. The case was built with the IRS criminal investigation division, and the State Department is offering up to $15 million for information that disrupts Revolutionary Guard financing.

JBizNews Desk | Washington

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Prime Minister Netanyahu spoke to Jared Kushner and pledged to give Trump’s 15-point plan a chance, Axios reported Sunday evening citing a US official.

Additionally, the IDF has began a gradual return to the Yellow Line in Gaza, the report stated.

According to the report, the US and the mediators in talks are demanding that Hamas begin the process of disarmament.

This is a developing report.

This post was originally published on here. 

White House staff secretary Will Scharf, will become White House counsel and assistant to the president effective September 1, US President Donald Trump said in a post on Truth Social on Sunday.

Scharf, who is Jewish, was “a top student at both Princeton University, and Harvard Law School,” Trump added.

“Will is Tough, Strong, and Smart! He also loves our Country, and respects the Law. Will Scharf will do a great job as White House Counsel!”

Scharf will become the White House‘s top lawyer after overseeing the administrative work of the Oval Office in his current role.

He also led the National Capital Planning Commission, which approved the president’s construction of the White House ballroom.

Trump said David Warrington, the current White House counsel, is going to the private sector. Warrington formerly served as a personal counsel and a lawyer for Trump’s 2024 campaign.

This is a developing story.

This post was originally published on here. 

By Julia Parker – JBizNews Desk

KPMG said a survey of its interns found career growth is Gen Z’s top workplace priority, outranking work-life balance, culture and salary, with 93% of respondents aspiring to reach the C-suite. The findings matter for employers competing for young talent as retention strategies increasingly depend on training, internal mobility and visible promotion paths, not just pay packages.

The survey challenges a common corporate assumption that younger workers are primarily motivated by flexibility and lifestyle benefits. For business owners and executives, the message is more practical: entry-level employees may stay longer where they see a clear route to advancement, broader responsibilities and leadership development.

The results come as companies continue to recalibrate hiring after several years of uneven labor-market conditions, rising wage costs and changing expectations around hybrid work. Many employers have invested heavily in wellness benefits and flexible schedules, but the KPMG findings suggest those programs may not be enough if workers believe their careers are stalling.

For large companies, the issue is tied directly to succession planning. A generation that says it wants senior leadership roles could help strengthen management pipelines, but only if employers provide early access to mentorship, skills training, client exposure and measurable advancement opportunities.

The survey also has cost implications. Companies may need to shift more spending toward structured development programs, rotational assignments and manager training. Those investments can be expensive, but they may reduce turnover, a recurring problem for employers that spend heavily to recruit graduates only to lose them within the first few years.

Compensation remains important, but the ranking indicates that pay alone may not secure loyalty among ambitious younger employees. That could alter how companies market entry-level roles, particularly in professional services, finance, consulting, technology and other sectors that rely on a steady inflow of junior workers.

Employers are also likely to face pressure to make promotion criteria more transparent. Younger workers seeking rapid career growth may be less willing to wait through informal or opaque advancement systems, especially in a labor market where skilled employees can compare opportunities across industries.

The findings should be read in context. A survey of interns at a professional-services firm is not the same as a broad measure of all Gen Z workers, and interns are already more likely to be career-focused than the overall population. Still, the results offer a useful signal for companies trying to understand the expectations of students and recent graduates entering corporate roles.

For small and midsize businesses, the takeaway may be especially important. They often cannot match the salaries or brand recognition of larger competitors, but they can offer faster responsibility, direct access to senior leaders and clearer learning opportunities. Those advantages may become more valuable if career acceleration is a decisive factor for younger workers.

The data also complicates the debate over work-life balance. Rather than rejecting flexibility, the respondents appear to be prioritizing advancement when forced to choose among workplace values. That creates a management challenge: companies may need to offer both flexibility and credible career growth to remain competitive.

Recruiting teams are likely to use the findings to refine campus hiring messages ahead of future internship and graduate recruitment cycles. Employers that can show defined career ladders, leadership training and internal promotion rates may have an advantage in attracting young candidates who view their first job as a launchpad to senior management.

JBizNews Desk | New York

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Prime Minister Benjamin Netanyahu, Construction and Housing Minister Haim Katz, and Finance Minister Bezalel Smotrich announced a new program on Sunday to help IDF reservists find affordable housing, a joint statement announced.

The program, titled “From Reserve Duty to a Key,” is meant to expand housing benefits and provide approximately 20,000 housing solutions, including 16,000 apartments, in the years 2026 and 2027.

One feature of the program is increased priority in apartment discount lotteries. In the latest iteration of the lotteries, 25,354 reservists participated, of which 4,734 won. The percentage of reservist winners will increase, and the discount given will amount to more than NIS 500,000, the government said.

Katz praised the discount lottery system, saying that another 20,000 units would be added to the pool.

“Those who gave must also know how to receive,” he said, adding that “the state will give back to its reservists, because they are the main resource we have today.”

FINANCE MINISTER Bezalel Smotrich holds a press conference ahead of the vote on the state budget at the Knesset, the Israeli parliament in Jerusalem, March 29, 2026. (credit: YONATAN SINDEL/FLASH90)

‘Heroic reservists’ deserve benefits, housing minister says

Reservists who wish to construct housing will also receive increased benefits, and will be exempted from payment for the value of the land.

Meant to “expand the supply of housing solutions for reservists,” Netanyahu praised the initiative as a historic move.

“Our heroic reservists give everything for the country, and they deserve everything,” he said.

“To date, the government has transferred, either through Government decisions or legislation, a massive sum of NIS 25 billion to the reservists and their families as well. And today we are bringing more news about massive support in housing.”

“There has never been anything like this. It is about time.”

Smotrich described the plan as only a part of a greater show of appreciation for the country’s soldiers.

“From the very first day of the war, we have been wrapping IDF fighters and commanders, in both regular and reserve service, in a huge umbrella of billions upon billions,” he said.

“Following the discounts and priority for reservists, we have made a significant decision together with the prime minister and the housing minister, according to which all reservists without housing who applied for the “Discount Apartment” lottery will receive an apartment. Dear reservists – you deserve this.”

This post was originally published on here. 

Sanofi is experiencing shortages of two medicines used to treat Pompe disease, and the problem emerged shortly after the Food and Drug Administration warned the company over manufacturing issues at the Irish facility where the drugs are made.

In recent days, the drugmaker has alerted patient groups and physicians in both the U.S. and Europe that supplies of Myozyme, an older standard of care, and Nexviazyme, a newer treatment, are dwindling due to what has been described as a bottleneck in the final manufacturing phase, as well as quality control issues at its Waterford plant.

The site is responsible for what is known as batch release, which refers to the final quality assurance and regulatory process where a manufactured amount of medicine is formally certified, approved, and cleared for distribution and use by patients. This step is supposed to verify the batch of medicine meets safety and potency requirements.

Continue to STAT+ to read the full story…

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