Chipotle said Tuesday it removed jalapeños from some restaurants after identifying the ingredient as a potential common link in a Salmonella outbreak that public health officials are investigating.

The move comes after The Wall Street Journal reported that Minnesota health officials are investigating an outbreak of Salmonella associated with jalapeños served at Mexican-style quick-service restaurants, with Chipotle a focus of the investigation.

According to the Journal, the Minnesota Department of Health has identified 110 cases of Salmonella Javiana tied to the outbreak. Of the 84 people interviewed after becoming ill, 89% reported eating at Chipotle between mid-June and last month, citing Carlota Medus, senior epidemiologist supervisor in the department’s foodborne diseases unit.

CHIPOTLE CEO SAYS CHAIN IS MAKING ‘MEANINGFUL PROGRESS’ ON A MAJOR CUSTOMER CONCERN

In a statement Tuesday, Chipotle said it is aware that public health authorities are investigating “the source of a Salmonella outbreak in the supply chain impacting several food service retailers.”

“The health and safety of our guests and employees is our highest priority,” the company said.

Chipotle said it immediately activated its ingredient traceability system after learning of the potential outbreak and identified jalapeños from a common lot as a potential shared ingredient.

CHIPOTLE OPENS FIRST RESTAURANT IN MEXICO AS GLOBAL EXPANSION ACCELERATES

“Out of an abundance of caution, we proactively removed the jalapeños from our restaurants and replaced them with product from different growers,” the company said.

The Journal also reported that the U.S. Food and Drug Administration is conducting a traceback investigation involving jalapeños and other potential sources.

“We have a robust ingredient traceability system,” Laurie Schalow, Chipotle’s chief corporate affairs and food safety officer, said in the company’s statement.

The latest investigation revives memories of Chipotle’s 2015 food safety crisis, when separate E. coli outbreaks linked to meals at the chain sickened 60 people across multiple states. A separate Salmonella outbreak in Minnesota that year was traced to tomatoes served at a single Chipotle restaurant. The incidents prompted the company to overhaul its food safety program and strengthen measures, including ingredient traceability.

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FOX Business has reached out to Chipotle and the U.S. Food and Drug Administration for additional comment.

Chipotle shares fell 7.3% Tuesday, according to the Journal.

This post was originally published here. 

The U.S. remains ahead of China in the global artificial intelligence (AI) race, but its lead is narrowing as Beijing expands the global reach of Huawei and other Chinese technology companies, former State Department official Keith Krach told FOX Business.

The competition goes beyond which country develops the most powerful AI models. It also centers on energy, infrastructure, semiconductors, talent, exports and the technical standards other nations will rely on for years, according to Krach.

“America is still ahead, but we are not comfortably ahead,” Krach said.

His remarks come roughly one year after the Trump administration unveiled “Winning the Race” in July 2025, a national AI strategy featuring more than 90 federal actions.

BESSENT HIGHLIGHTS TRUMP ECONOMY, WARNS CHINA HAS ‘DONE A LOT OF KICKING LATELY’

Krach said the U.S. still leads in private investment, advanced chips, cloud infrastructure, universities and entrepreneurial talent. China, however, has gained ground in patents, industrial deployment, research, robotics and lower-cost open models.

“We are leading today, but the race will be won by the ecosystem the world chooses to build on,” he said.

Krach, who serves as chairman of the Krach Institute for Tech Diplomacy at Purdue University and CEO of Freedom 250, said the Trump administration‘s strategy correctly recognizes the broader stakes.

He argued that success should be measured through new power generation, faster data-center construction, greater semiconductor capacity, wider AI adoption, allied contracts and technical talent.

Huawei is central to China’s global technology push, according to Krach, who described the company as a “vertically integrated delivery system” for technological and geopolitical influence.

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The Chinese technology giant can offer governments wireless networks, data centers, cloud services, AI chips, software, cybersecurity tools and financing in a single package.

Once installed, those systems can become costly, disruptive and “politically difficult” to replace, Krach said.

“The real strategic asset is not the hardware,” he said. “It is long-term access to data, standards, software updates, technical dependencies, and government relationships.”

Krach said China’s offering is built around integration, financing, speed and state support. 

“America must counter it with a trusted full-stack alternative that performs better and strengthens, rather than compromises, a partner country’s independence,” Krach argued.

Countries will choose American technology, Krach said, when it is not only more trusted but also easier to finance, deploy and expand.

ANTHROPIC SAYS AI MODELS ACCESSED SYSTEMS OF 3 REAL ORGANIZATIONS DURING TESTING

To maintain its lead, the U.S. must expand energy production, data centers, semiconductor manufacturing, cloud capacity and its skilled workforce, Krach said.

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He also called for faster permitting, support for proprietary and open American AI models, and export packages that allies can easily purchase and deploy.

“China’s advantage is [on a] coordinated scale,” Krach said. “America’s advantage is freedom, innovation, capital, entrepreneurship, and allies. Our task is to organize those strengths without destroying what makes them powerful.”

This post was originally published here. 

Wall Street closed sharply higher Tuesday, with all three major indexes rallying on hopes that the Strait of Hormuz will reopen and on a run of strong corporate earnings.

The S&P 500 jumped 1.79% to 7,736.52, the Nasdaq Composite gained 2.59% to finish at 26,584.99, and the Dow Jones Industrial Average added 907.47 points, or 1.71%, to close at 54,085.88. It was the S&P’s first record close in two months, surpassing the peak set in early June, and the first time the Dow has ever closed above 54,000 — back-to-back all-time highs after Monday’s record, which was itself the blue-chip index’s first in a month.

The move extends a violent reversal in technology. The Nasdaq has climbed nearly 9% since its July 29 low, recovering from a stretch in which chipmakers sold off hard and investors turned selective on the rest of the tech complex.

What Moved It

Two catalysts, running in the same direction.

The first was the Middle East. Treasury Secretary Scott Bessent told CNBC there was a chance of a deal to open the strait as soon as today or tomorrow, and crude gave up its earlier gains, with Brent dropping more than 4% to trade below $80 a barrel. Bond prices rose alongside equities as oil sank.

That followed the weekend reversal in Washington. West Texas Intermediate fell about 5% Monday to settle at $80.34 and Brent lost 4.7% to $83.77 after the President said he had called off a planned strike on Iran at the request of Tehran and other regional governments.

The second was earnings, and they were the more durable of the two. Palantir surged 29.45% after the AI software company posted blockbuster quarterly results and raised its full-year outlook. Wayfair climbed nearly 19% on a second-quarter beat. The Russell 2000 advanced, and the rally was broad rather than confined to megacap tech.

The Oil Signal Is Not Clean

Traders should be careful reading Tuesday’s crude move as a directional call. Oil actually climbed toward $81 earlier in the session, recovering part of Monday’s sharp losses, as uncertainty persisted over the US-Iran track — with Iran denying any direct talks are underway while saying discussions with Oman on increasing shipping through the strait are progressing.

Brent gained roughly 24% in July, its strongest month since March, driven by renewed US-Iran conflict, Houthi attacks in the Red Sea and threats to key shipping routes. A single Cabinet-official soundbite has now clipped a meaningful piece of that. It has not moved a single additional barrel through the waterway.

The physical picture remains unresolved. An Indian-flagged vessel sank in the Red Sea off Yemen today after an attack that Yemeni government-aligned forces blamed on the Houthis. Equity markets did not price it.

After The Bell

SpaceX reported its first quarterly results as a public company after Tuesday’s close, with Advanced Micro Devices also due. Caterpillar, Merck and McDonald’s were among the other names on the calendar.

SpaceX remains the most contested name on the tape. Shares traded more than 17% below their opening price as of Tuesday afternoon and nearly 50% off the intraday peak set in mid-June. Short sellers held 32.2% of the publicly tradable float heading into the print, according to S3. Retail investors, meanwhile, have been net buyers every single trading day since the June IPO, according to VandaTrack, which wrote that conviction in the name remains unusually persistent. A key insider lockup expires Thursday.

The Rate Backdrop

The rally is running into a less accommodating Fed. Investors are navigating the start of Kevin Warsh’s tenure as Federal Reserve chairman at a moment when stubborn inflation has pushed markets toward betting the Fed holds rates steady in coming months — or hikes them. Treasury yields slipped from 52-week highs Monday but edged back up Tuesday morning.

That is the tension underneath two consecutive record closes. Falling crude is the single cleanest disinflationary input available right now, which is precisely why equities are trading Hormuz headlines so aggressively. If the strait stays shut and oil retraces its July gains, the inflation math that Warsh inherited gets harder, not easier — and the earnings strength that carried Tuesday’s session will be asked to do considerably more work.

JBizNews Desk | Wall Street

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The U.S. industrial real estate boom is entering a new phase. After years of racing to build more warehouses, developers and tenants are increasingly investing in facilities that move products faster rather than simply storing more of them.

The shift reflects a broader change in supply chains. Companies are no longer measuring success by how much inventory they can hold. They are measuring how quickly goods move from factories to consumers while minimizing labor, transportation costs and delivery times.

That evolution is changing what businesses demand from industrial real estate.

Distribution centers built only a few years ago are already being redesigned with higher ceilings, expanded robotics, automated picking systems, artificial intelligence, advanced conveyor networks and greater electrical capacity. Warehouses are becoming technology hubs rather than storage buildings.

The economics explain why.

Labor remains one of the largest operating expenses inside modern distribution facilities. Automation allows companies to process more orders with fewer workers while improving speed and accuracy. As same-day and next-day delivery become competitive expectations, efficiency inside the warehouse increasingly determines profitability outside it.

Location is changing as well.

Companies continue seeking sites closer to major population centers, ports, rail hubs and interstate highways. Proximity reduces transportation costs, shortens delivery windows and lowers the inventory businesses must carry. In many cases, logistics efficiency is becoming more valuable than lower real estate costs farther from customers.

The ripple effects extend throughout the economy.

Industrial developers are constructing facilities with significantly greater power requirements to support automation and robotics. Electrical equipment manufacturers, warehouse technology providers, conveyor manufacturers, robotics companies and software developers are all benefiting as logistics becomes increasingly automated.

Transportation companies are adapting alongside them.

Rather than operating as separate businesses, trucking firms, railroads, ports, warehouses and technology providers are becoming more integrated. Real-time inventory tracking, predictive demand forecasting and automated fulfillment are creating supply chains that function as coordinated networks instead of independent facilities.

For investors, the opportunity extends beyond industrial real estate.

Companies supplying warehouse automation, industrial software, robotics, sensors, barcode systems, packaging equipment and logistics technology are increasingly tied to the same long-term investment cycle. The next generation of warehouse spending may create as much demand for technology as it does for concrete and steel.

The broader business story is that logistics has become a competitive advantage rather than a support function.

Businesses once competed by manufacturing products more cheaply. Increasingly, they compete by delivering products more efficiently. As supply chains continue evolving, the most valuable warehouse may not be the largest one—it may be the one capable of moving inventory through its doors faster than anyone else.

That shift is quietly redefining one of the fastest-growing segments of the American economy.

JBizNews Desk | New York

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Reproduction or distribution without written permission is prohibited.

Several weeks have passed since Turkish President Recep Tayyip Erdogan declared that Turkish history contains “no genocide, no massacres, no oppression, and no colonialism,” but only “justice and compassion.”

The statement amounted not merely to a denial of the Armenian Genocide, but to a denial that centuries of conquest, slavery, ethnic violence, forced displacement, and imperial rule produced anything requiring apology or repentance.

What happened next was even more revealing than the statement itself: almost nothing.

Erdogan hosted world leaders at NATO’s summit in Ankara. Strategic discussions advanced. Conversations about military cooperation continued. The controversy, to the extent there was any, quickly faded from public view.

A major NATO leader had effectively declared his nation innocent of every crime commonly associated with the empire, and the world moved on with remarkable ease.

NATO Secretary General Mark Rutte speaks during the High Level Defence announcements at the NATO Summit Defence Industry Forum, on the sidelines of the NATO leaders' Summit, in Ankara, Turkey, July 7, 2026. (credit: REUTERS/YVES HERMAN)

That response reveals a broader reality. Historical accountability is not applied evenly. Some countries become the subjects of endless scrutiny, investigations, resolutions, academic conferences, and activist campaigns. Others enjoy a degree of immunity tied less to their conduct than to the framework through which they are viewed.

In much of academia and activist culture, Western societies and those viewed as Western-aligned are often cast as the primary bearers of colonial and historical guilt, while non-Western societies are more frequently understood through the lens of victimhood, anti-imperialism, or post-colonial grievance.

Turkey’s long history of conquest, empire, demographic engineering, and ethnic violence sits within that framework. The result is not ignorance of the facts, but a reluctance to examine those facts through the same moral lens applied elsewhere.

But activist and academic culture is only part of the story. For decades, policymakers in Washington and Europe have operated on the assumption that Turkey is simply too important to alienate. 

Whether that assumption remains justified is increasingly debatable. What is beyond debate is the extent to which it has insulated Ankara from forms of scrutiny that similar behavior would attract from many other states.

The record Erdogan denies

If Erdogan’s claim is to be taken seriously, it must be measured against history rather than mythology.

He did not limit his assertion to the modern Turkish Republic. He claimed that throughout Turkey’s “thousands of years of glorious history,” there had been only “justice and compassion.”

For centuries, the Ottoman Empire operated the devshirme system, forcibly removing Christian boys from conquered Balkan populations and converting them into state servants and soldiers. Historians have described the practice as a form of institutionalized slavery. 

Ottoman vassal states along the Barbary Coast enslaved vast numbers of Europeans. The Hamidian massacres of the 1890s killed as many as 300,000 Armenians decades before 1915. None of this required overseas colonies. It required an empire.

Then came the period Erdogan almost certainly hoped to obscure.

Between 1914 and the mid-1920s, the Christian population of Anatolia collapsed from roughly one-quarter of the population to well under 1%. The Armenian Genocide, the Assyrian Sayfo, the destruction of Pontic Greek communities, and subsequent forced population transfers (ethnic cleansing) transformed one of the world’s most diverse regions into one of its most homogeneous.

Turkey is approximately 99.8% Muslim today. Whatever one wishes to call what happened to that missing quarter of Anatolia’s population, “justice and compassion” is certainly not it.

A half-century later came Cyprus.

Turkey’s 1974 invasion displaced between 160,000 and 180,000 Greek Cypriots. What followed was not a temporary military presence but a lasting political and demographic transformation. Successive Turkish governments encouraged settlement from mainland Turkey into occupied Cyprus. 

Today, Northern Cyprus is recognized by exactly one country in the world: Turkey itself. More than five decades later, Turkish troops remain.

And, more recently, there is Afrin.

Turkey’s 2018 operation, ironically named Olive Branch, displaced more than 150,000 residents from what had been a predominantly Kurdish region of northwestern Syria. Human rights organizations documented allegations of demographic engineering as Kurdish residents were ethnically cleansed and replaced by populations resettled in territory under Turkish control.

Despite fitting many of the criteria commonly associated with settler-colonialism, population transfer, and ethnic displacement, Afrin never attracted the sustained academic, political, or activist scrutiny that comparable allegations elsewhere routinely generate.

The politics of selective accountability

None of these events are obscure. The Armenian Genocide is among the most extensively documented atrocities of the 20th century. Cyprus has been the subject of international diplomacy for decades. Afrin has been covered by journalists, human rights organizations, and international bodies. The issue is not a lack of information.

The issue is attention.

Concepts such as colonialism, indigenous rights, occupation, demographic engineering, and historical justice have become central moral languages of contemporary politics and academia. Yet their application often appears strikingly selective. A neighboring state sends its army across an international border into territory from which it faces no existential threat. 

Indigenous inhabitants are displaced. Demographic changes follow under the authority of the occupying power. Such circumstances routinely generate international outrage, academic inquiry, NGO campaigns, and diplomatic pressure.

In Turkey’s case, they rarely do.

That discrepancy cannot be dismissed as a matter of missing facts or insufficient documentation. The record is extensive and readily available. What is often absent is the willingness to apply the same standards, language, and moral urgency that have become commonplace in other conflicts.

The actual scandal

Political leaders distort history all the time. Historical denial is hardly unique to Turkey. The real scandal is not that Erdogan told an outrageous lie. It is that so few influential voices seemed to care.

The conventional wisdom in Washington and many European capitals has long held that Turkey is too important to confront directly. Policymakers cite geography, NATO, migration routes, and regional influence. The result has been a persistent tendency to grant Ankara a degree of accommodation unavailable to most allies.

Yet after years of democratic backsliding, growing Islamization of public life, hostility toward fellow NATO members, military interventions across the region, and increasingly anti-Western rhetoric, one must ask whether the West has confused leverage with dependence.

Turkey has become remarkably adept at presenting itself as indispensable while using that perceived status to extract concessions from allies. Whether that reputation ultimately proves justified or merely geopolitical fool’s gold is a question for future historians. What is already clear is that the perception itself has functioned as a powerful shield against accountability.

Erdogan’s declaration that Turkish history contains no genocide, no massacres, no oppression, and no colonialism should have been treated as a diplomatic disgrace. Instead, it was met largely with a shrug. That reaction tells us something profoundly troubling.

The guardians of historical accountability appear less interested in universal principles than in selecting appropriate defendants.

Turkey’s denials, occupations, demographic interventions, and crimes against humanity are neither secret nor newly discovered. The evidence has existed for years, often decades. What has been missing is not proof but prosecutorial interest.

Erdogan’s statement was not the scandal. The refusal to meaningfully challenge it was.

The lie exposed the bankruptcy of a strongman’s version of Turkish history. The silence exposed the double standards that allowed it to flourish.

The writer is an attorney, former IDF soldier, and former NYPD officer. He writes widely on Israel, Zionism, antisemitism, and Jewish history. He serves on the board of Herut North America.

This post was originally published on here. 

I will never forget sitting with Mother Teresa. During our conversation, she shared a truth that has stayed with me for decades. She said, “You cannot love Jesus without loving the Jewish people, because Jesus was Jewish.”

Those words were not political. They were biblical. They reflected an understanding that Christianity did not replace Judaism. Rather, Christianity was born from God’s covenant relationship with the Jewish people. Jesus was born a Jew, lived as a Jew, worshiped in the Temple, celebrated the biblical feasts, and fulfilled the promises God gave through the prophets of Israel.

That simple conversation captures the heart of Christian Zionism.

zionists (credit: Marc Israel Sellem)

The foundation of Christian Zionism

Christian Zionists believe the Bible is the inspired, infallible Word of God. We believe that the covenant God made with Abraham, Isaac, and Jacob remains in effect because God is faithful to every promise He has ever made.

The modern State of Israel exists in the very land that Scripture repeatedly identifies as the inheritance of the Jewish people. Our support for Israel is not based on changing political winds or election cycles. It is rooted in God’s eternal Word. That conviction also shapes how Christians understand the land itself.

This is why so many Christians reject the term “West Bank.” The Bible never calls this region the “West Bank.” Scripture calls it Judea and Samaria. These names are not political inventions; they are the biblical names of the land where the story of redemption unfolded.

Why Judea and Samaria matter

Nearly 80% of the major events recorded in the Bible took place in Judea and Samaria. Abraham walked these hills. Joshua led Israel into this land. Samuel judged here. David ruled from here. Elijah and Elisha ministered here. The prophets proclaimed God’s Word throughout these mountains, and Jesus Himself traveled, taught, healed, and preached throughout Judea. The history of both Israel and the Church is inseparable from this land.

When Jesus gave His final commission before ascending into heaven, His words reinforced its importance. In Acts 1:8 he declared, “You shall receive power when the Holy Spirit has come upon you; and you shall be My witnesses in Jerusalem, and in all Judea and Samaria, and to the ends of the earth.”

Notice where the Great Commission begins: Jerusalem, Judea, and Samaria. The Gospel spread to the nations from the very places that many today insist Christians should treat as merely disputed real estate. Jesus did not separate His mission from the land of the Bible, and neither should His followers. That is why, when Christians refer to Judea and Samaria as Bible land, they are acknowledging that this region is the setting for much of God’s redemptive story. The biblical names remind us that Scripture is rooted in real places, real people, and God’s enduring covenant with Israel.

This is a biblical conviction, not a political one

Critics often portray Christian Zionists as people motivated primarily by politics, but that misses the point entirely. Christian Zionism is first and foremost a theological conviction. It is the belief that God keeps His covenants and that His promises are trustworthy.

The names Judea and Samaria are not modern political slogans. They are biblical names found throughout Scripture. To erase those names is to erase much of the geography of God’s redemptive story.

If God can abandon His promises to Israel, then every believer has reason to question whether He will keep His promises to us.

The reality behind the conflict

A biblical worldview changes more than our understanding of history. It changes how we interpret the events unfolding in Israel today.

The violence directed against Israel also deserves to be understood honestly. Jews are not murdered simply because they happen to live in a particular neighborhood or beyond a particular line on a map. They are targeted because they are Jews.

The horrific attacks of October 7 once again demonstrated that the goal of Hamas was not merely territorial change but the destruction of Jewish lives. For generations, terrorists have attacked Israeli civilians in homes, buses, restaurants, schools, synagogues, and public streets because they reject the very existence of a Jewish homeland.

Recognizing that reality is essential to understanding why so many Christians stand firmly with Israel. Christian Zionists believe Israel has both the right and the obligation to defend its citizens against those who seek its destruction.

A growing theological divide

Another difficult reality is the growing theological divide between Christian Zionists and many prominent Palestinian Christian leaders.

The majority of Palestinian Christian organizations reject the belief that God’s covenant promises concerning the land continue to apply to the Jewish people today. They argue that the promises should instead be understood spiritually or through the Church.

Christian Zionists respectfully but firmly disagree because we believe God’s covenants are irrevocable and that Scripture should be interpreted according to its plain meaning.

This disagreement is ultimately not about politics. It is about whether God means what He says. Throughout both the Old and New Testaments, God repeatedly affirms His covenant with Israel. The Apostle Paul reminds believers in Romans that “the gifts and the calling of God are irrevocable.” God’s faithfulness is measured by His willingness to keep every promise He has made, even when the world questions those promises.

Bible land

Mother Teresa understood something that much of the modern world has forgotten. Jesus cannot be separated from His Jewish identity or from the people through whom God brought His plan of redemption into the world. To love Jesus is to honor the story God wrote through Israel.

That is why Christian Zionists will continue to stand with Israel and continue to call Judea and Samaria by their biblical names. To us, this is not simply the West Bank. It is Bible land, the land where God revealed Himself, where the prophets proclaimed His truth, where Jesus walked, and where the Gospel first went forth to the nations.

The writer has written 120 books, is a #1 New York Times best-selling author and Nobel Peace Prize nominee. He is the founder of the Friends of Zion Museum in Jerusalem, the Ten Boom Museum in Holland, and Churches United with Israel, one of the largest Christian Zionist networks in America.

This post was originally published on here. 

IDF Col. (res.) Ofer Winter was verbally confronted by haredi (ultra-Orthodox) protesters on Tuesday evening after speaking at a Jerusalem conference for young haredi men interested in specialized military enlistment programs.

The protesters gathered outside the building after they were denied entry. Police were called to the scene.

Winter left the building accompanied by a police officer after the lecture, which lasted about an hour. Protesters then gathered around him and shouted insults, including “traitor to the Jewish people,” “despicable,” and “you have no part in Judaism.”

Some of the protesters also threatened to throw a garbage can at him and began following him.

A protester shouts at former IDF Brig. Gen. Ofer Winter during a demonstration against an IDF recruitment conference for the Haredi community in Jerusalem, August 4, 2026. (credit: CHAIM GOLDBERG/FLASH90)

Eyewitnesses: Winter calm throughout incident

Winter responded to some of the remarks and appeared calm throughout the incident, according to eyewitnesses.

The confrontation comes amid Winter’s growing public profile. In recent weeks, he has frequently appeared at conferences and public events as he considers entering politics ahead of the upcoming elections.

This post was originally published on here. 

JPMorgan Chase’s newly announced commitment to U.S. housing through 2035 drew qualified praise from former Federal Housing Administration (FHA) Commissioner Frank Cassidy — but also a warning that money alone cannot solve the nation’s housing shortage.

“Money isn’t the problem, supply is,” he told HousingWire. “There’s no shortage of capital looking to invest in housing, the biggest bottleneck isn’t financing. It’s the government process and the red tape and the bureaucratic tax to build. If it takes five years to approve a project, no amount of Wall Street capital can fix that. So we have to make it easier to build by modernizing zoning, permitting, environmental reviews and all these outdated regulations.

“Capital really flows where the opportunity is, so we need to create more opportunities to actually build.”

JPMorgan Chase announced Monday that it would deploy more than $750 billion into housing over the next decade as part of its American Dream Initiative.

The bank plans to finance one million affordable housing units and help 500,000 customers buy homes — including 200,000 first-time buyers.

Cassidy, who left the Trump administration in June after serving as FHA commissioner and HUD assistant secretary for housing, said the banking industry’s largest housing pledge reflects a growing recognition that housing has become critical economic infrastructure.

“Housing’s no longer just a real estate issue; it’s an economic infrastructure issue,” he said. “So, for decades we’ve treated housing as a social issue, but now it’s an economic competitiveness issue, too. Companies can’t attract workers if the workers have nowhere to live and can’t afford to live nearby. So, the communities that build housing will attract employers, and communities that don’t will lose jobs and investment.”

The 21st Century Road to Housing Act, which took effect last month after Congress passed it over President Trump’s refusal to sign, speeds up federal environmental reviews and removes restrictions on building manufactured homes.

What’s the ‘ideal’ public-private partnership?

Cassidy said the federal government’s most effective role is reducing barriers rather than replacing private capital.

“You can’t subsidize your way out of a housing shortage,” he said. “We have to build our way out of it. So the government has got to get out of the way and let builders build, and it’s got to be through public-private collaboration. Government shouldn’t replace the private capital; it should be unlocking it. So, I think government really works best when it reduces barriers instead of trying to replace the market.

“FHA has been around almost 100 years — started in 1934 by FDR during the Great Depression because people couldn’t get mortgages. FHA doesn’t actually lend a dime. FHA just guarantees a loan that a private lender makes. FHA gets paid for that and made $50 billion the last two years, so it brings in more money than it costs.”

First-time buyers and affordability

Cassidy said the rising age of first-time homebuyers — now averaging 40 years old according the National Association of Realtors, compared to the 20s in previous generations — is a troubling trend that federal policy must address.

FHA loans, which allow down payments as low as 3.5%, remain a primary financing vehicle for first-time buyers.

“We want to be a nation of homeowners. Homeownership is part of the American dream,” said Cassidy. “That’s why we have the 30-year fixed mortgage in this country. We need to incentivize younger Americans to start buying homes and building long-term equity earlier in life, and that’s something that I was really focused on when I was the FHA commissioner; using the platform to get more Americans into homes.”

A recent RAND study showed that median households would be earning roughly $29,000 more annually if income distribution — in terms of workers’ share of annual GDP — remained at 1970s levels today.

Cassidy was asked if those kinds of broader economic issues sometimes put too heavy an onus on the housing sector to create affordability.

“Absolutely, there’s deeper structural problems,” he said. “We need to build more housing. The way to make housing more affordable is to build more of it. I mean, we don’t have an affordability problem. We have a supply problem. There’s too much demand and not enough supply, and we’ve put so much government red tape in place that’s driven up the cost of housing. [Some] 20% to 40% of the cost of building new housing is some form of government bureaucratic red tape that ultimately gets passed to the consumer in terms of the bureaucratic tax.”

He recounted purchasing his first home at age 20 with an FHA-insured loan while in college, renting rooms to classmates.

“It’s those types of opportunities that we need to do a better job with, in terms of educating the public,” Cassidy said. “[You can] still own that house 17 years later, and it’s more than doubled in value. We need to educate the younger generation and get them back into it. When people own a home, they pay a mortgage, they pay taxes, they have skin in the game. It’s really part of the American dream.”

A beginning, not an end

Cassidy predicted JPMorgan’s commitment would not be the last major private-sector housing initiative — with other banks, pension funds and institutional investors watching closely.

“If they see successful projects, more capital will follow,” he said. “The biggest beneficiary should ultimately be first-time homebuyers and working families, but only as supply actually increases. So, we need to focus on more housing production that leads to lower price pressure over time.”

The bank’s initiative includes hiring 850 new home lending advisors and developing new loan products for modular and manufactured homes.

JPMorgan also announced nearly $200 million in financing for a 342-unit residential building on the San Francisco waterfront.

“Is 750 billion enough? I mean, it’s a lot of money,” said Cassidy. “It’s an important commitment, but money alone doesn’t solve a housing shortage. We need to reform local land use policies and streamline approvals. Much of that capital will remain on the sidelines if we don’t. So, what’s the government’s role? I think the federal government can’t solve the local housing problems on their own.

“We need to create an environment where housing gets financed faster, gets built quicker, regulations are modernized and private capital has the confidence it needs to ultimately invest.”

This post was originally published on here. 

Beeline Holdings announced Tuesday that it has signed a nonbinding letter of intent to acquire TYTL Corp., a blockchain-based home equity platform, in an all-stock deal aimed at creating a no-debt alternative to home equity lines of credit (HELOCs) and cash-out refinances.

The proposed transaction would combine Beeline’s AI-driven mortgage origination, non-QM lending, and title and settlement operations with TYTL’s blockchain-enabled residential equity infrastructure, according to the company announcement.

Rhode Island-based Beeline positions the move as a pivot from a traditional mortgage originator to a residential equity and finance platform, similar to home equity investment (HEI) companies. The combined offering is designed to let qualified homeowners sell a fractional ownership interest in their homes for cash, instead of borrowing against their equity.

Under TYTL’s model, the transaction is structured as an equity sale, not a loan. Homeowners receive immediate liquidity without taking on additional debt, monthly principal and interest payments, or a loan maturity date. Instead of a mortgage lien, a deeded ownership interest is recorded in public land records, the companies explained.

TYTL then converts each recorded equity interest into compliant digital securities on a one-to-one basis, with every dollar of residential equity corresponding to one dollar of digital securities. Through an integration with Anchorage Digital, institutional investors can purchase these securities, with proceeds converted to U.S. dollars and delivered to Beeline Title to fund homeowner payouts.

“This transaction has the potential to transform Beeline from a traditional mortgage originator into an AI-powered residential equity and finance platform,” Jess Kennedy, co-founder and chief operating officer of Beeline, said in a statement.

Brendan Reilly, chief technology officer of TYTL, said that combining TYTL’s digital securities infrastructure with Beeline’s national lending and title platform “creates a scalable foundation for institutional adoption of tokenized residential real estate.”

Targeting high-equity, high-value homes

U.S. homeowners hold about $17 trillion in home equity, according to industry data cited by the companies. Based on TYTL’s underwriting criteria, estimates place an initial addressable market of roughly $1 trillion nationwide, focused on owners of $1 million-plus properties in premier U.S. markets.

TYTL has already completed its initial blockchain-recorded residential home equity transactions on $1 million-plus homes, and as of the release date its residential equity portfolio was valued at about 26% above its aggregate acquisition cost. That reflects both discounted purchase prices and subsequent home price appreciation, the company said.

For housing professionals, this model represents direct competition to traditional home equity lines of credit, cash-out refinances, HEIs and reverse mortgages. Instead of placing a new lien on the property, the investor becomes a fractional owner, with return potential tied to both the original discount and future home price performance.

Beeline’s ongoing growth trajectory

In May, Beeline announced it had signed a letter of intent to acquire the remaining 52.4% stake in MagicBlocks, an AI-focused real estate technology firm that powers the lender’s chatbot and digital infrastructure. Beeline already held a 47.6% stake in MagicBlocks at that point.

The acquisition was expected at the time to be structured as an all-stock transaction, supported by a third-party valuation of about $1 million. The deal officially closed July 1, with Beeline acquiring the remaining interest in MagicBlocks by issuing 209,456 shares of common stock at $2.25 per share, representing about $471,276 in consideration.

In October 2025, its subsidiary, Beeline Loans, completed its first blockchain-recorded BeelineEquity transactions, making it the first U.S. platform to tokenize residential home equity at scale. The initial rollout involved five blockchain-tracked home equity transactions, with roughly 30 more expected to close before the end of the year.

“Homeowners shouldn’t have to borrow against themselves just to access the value they’ve already built,” Nick Liuzza, co-founder and CEO of Beeline, said in a statement at the time. “By putting home equity on blockchain rails, we’re creating a smarter, more transparent financial alternative — one that’s free from interest rate swings and credit friction.”

Earlier that month, the company announced that it had paid off more than $7 million in debt and was positioning itself to become cash-flow positive by the first quarter of 2026. Beeline also said that its secured credit facilities, including senior debentures, were fully repaid as of Sept. 3, 2025, with only short-term warehouse credit lines remaining in place at that time.

“Achieving this milestone earlier than planned strengthens our financial foundation and allows us to focus fully on growth and innovation. It’s a testament to our team’s discipline and execution,” Liuzza said.

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

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Wealthy New Yorkers are seeking exemptions to Mayor Zohran Mamdani’s second-home tax, with thousands filing applications to avoid the levy.

New York City Hall confirmed to FOX Business that as of Monday, about 4,800 property owners have started the process of applying for an exemption to the pied-à-terre tax. Of that total, about 2,000 property owners have completed their exemption applications.

The pied-à-terre tax is levied on single-family homes, apartments and condos that are used as a second home or a part-time residence instead of being the primary residence of the owner. It will be due on the city’s standard property tax payment schedule.

Mamdani announced the implementation of the new tax in late July and billed the policy as a way of fulfilling his pledge to raise taxes on wealthy New Yorkers.

MAMDANI EXTENDS DEADLINE FOR NYC HOMEOWNERS TO SEEK EXEMPTION FROM NEW PIED-À-TERRE TAX

“On Tax Day earlier this year, I promised that we would tax the rich, and with our new pied-à-terre tax, that is exactly what we have done,” Mamdani said in announcing the tax.

“Today is the first step in implementing this tax and collecting critical revenue to fund our parks, schools and libraries. We will diligently implement this law and ensure that we collect what working New Yorkers – and this city – deserve,” the mayor added.

In late July, the city published a list of more than 900,000 properties in a “supplemental market value roll” without explaining that the vast majority of them wouldn’t face the pied-à-terre tax. The list was updated on Saturday to clarify that the New York City Department of Finance only sent surcharge letters pertaining to 17,000 properties, and that only those recipients need to apply for an exemption.

MAMDANI’S TAX ROLL BLUNDER WILL BACKFIRE ON EVERYDAY NEW YORKERS AS BUYERS HEAD SOUTH, DEVELOPER WARNS

The pied-à-terre tax levies a surcharge of 0.8% on family homes valued between $5 million and $15 million; 1.05% between $15 million and $25 million; and 1.3% for homes over $25 million.

Condos and co-ops have higher rates, including 4% for those valued between $1 million and $3 million; 5.25% between $3 million and $5 million; and 6.5% on those over $5 million.

Individuals who have been notified about being potentially subject to the pied-à-terre tax have until Sept. 18 to apply for an exemption, according to the New York City Department of Finance. That deadline was extended from the original deadline of Aug. 21.

KEN GRIFFIN FIRES BACK AT MAMDANI, SAYS BUSINESS LEADERS MUST ‘FIGHT FOR THEIR CITY’

Applicants who seek an exemption on the grounds that it’s their primary residence will have to provide either their most recent tax return filed at the federal or state level, or their driver’s license. Alternatives would include a voter ID card or other evidence of it being a primary residence.

Tenants will need to provide those primary residence documents as well as a copy of their current lease and an additional rental document – such as a utility bill, proof of rent payment or renter’s insurance policy. They may also submit an affidavit with two additional rental documents.

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FOX Business’ Sumner Park and James Cirrone contributed to this report.

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Starbucks announced on Monday that its classic Pumpkin Spice Latte will be returning to store menus later this month.

The popular drink will be joined by new beverages and food items, as well as limited-time merchandise collections.

While the classic Pumpkin Spice Latte returns on Aug. 25, Starbucks will add new pumpkin spice-flavored drinks, including the Iced Pumpkin Cream Shaken Espresso, Pumpkin Spice Chai and Iced Pumpkin Cream Matcha. The Pumpkin Cream Cold Brew, Iced Pumpkin Cream Chai and Pumpkin Spice Frappuccino blended beverage will also return.

STARBUCKS TO CUT 300 US JOBS, CLOSE SOME REGIONAL SUPPORT OFFICES

A new iced banana bread-flavored latte and chai drink will join the company’s fall menu, as will the Chaider – a beverage featuring a blend of chai and cider-inspired flavors.

A new Chicken Bacon Protein Pocket and a Hedgehog Cake Pop will also join store menus this fall. The protein pocket is the latest addition to Starbucks’ broader push to expand its protein offerings.

Starbucks is offering new drinkware and a hat as part of its PSL Society collection.

The announcement comes after the company reported third-quarter results last week.

SEATTLE COULD LOSE HUNDREDS OF MILLIONS IN TAX REVENUE AS STARBUCKS EXPANDS IN TENNESSEE

Starbucks raised its annual sales and profit forecasts for the second time, as CEO Brian Niccol’s years-long turnaround efforts reignite demand at the world’s largest coffee chain.

Under Niccol, the company has aimed to improve customer experience through a simplified menu and shortened wait times, fueling four straight quarters of comparable sales growth.

“We have more work to do,” Niccol said in a statement on Wednesday, while finance chief Cathy Smith said the company is focused on what it can control amid a “dynamic operating environment.”

WHY STARBUCKS PICKED NASHVILLE OVER SEATTLE FOR EXPANSION, ACCORDING TO LOCAL BUSINESS REPORTER

The Seattle-based company forecast global same-store sales growth of near 6%, above its prior forecast of about 5% or above. It expects adjusted earnings per share to be between $2.55 and $2.65, compared with its previous forecast of $2.25 to $2.45.

“Starbucks has begun to experience market share stabilization in recent months, most notably with younger diners,” Consumer Edge analyst Michael Gunther said.

“Consumers may be shifting dining dollars toward in-home eating but are leaving room in the budget for daily drink habits,” he added.

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The “Back to Starbucks” strategy had been squeezing margins, as it involved heavy investments in staffing and store operations, which the company has looked to tackle with cost cuts through layoffs, office consolidation and streamlining its operations.

Reuters contributed to this report.

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At least 12 people on board an Air India flight from Phuket, Thailand, to New Delhi, India, were wounded on Tuesday following a turbulence-related event that caused a momentary change in altitude, Air India confirmed.

The 12 people included 10 passengers and two members of the crew.

In addition, there was some damage to the aircraft, according to local media reports.

Initial reports indicate that the plane dropped approximately 300 feet (91 meters) in altitude due to turbulence.

An investigation into the incident is ongoing.

The interior of Indira Gandhi International Airport, New Delhi, India; illustrative. (credit: Rishabh Mathur/Wikimedia Commons)

The flight in question was AI2379, which was operated by an Airbus A320 and carried 134 passengers.

Flight lands safely in Delhi

The flight continued on its journey and landed at Indira Gandhi International Airport, Delhi, shortly after 11 a.m. local time.

Medical support was arranged for the wounded, who were reportedly taken to the airport’s medical center for further evaluation and treatment.

An Air India spokesperson said no one was seriously injured. “There have been no serious injuries as of now. A small number of passengers and crew members with minor injuries requiring medical assessment have been taken to a medical facility at the airport for precautionary examination and care by Air India’s airport team and medical personnel,” the airline stated.

“The safety and well-being of our passengers and crew remain Air India’s highest priority. We are extending every possible support to those affected and are fully cooperating with the relevant authorities in the investigation,” an Air India spokesperson said.

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America’s renter-friendly market may have already peaked. The apartment construction boom that gave tenants unprecedented negotiating power over the past two years is beginning to fade, and Zillow believes the next shift in the housing market will be driven less by stronger demand than by a shrinking pipeline of new apartments. The result is likely to be fewer concessions, firmer rents and a gradual return of pricing power to landlords.

Zillow’s latest rental report shows the transition is already underway. Median U.S. rent reached $1,965 in June, up 2.2% from a year earlier, but the more important signal is that rent growth accelerated through April, May and June compared with the same period last year. Incentives such as free months of rent, waived fees and free parking remain common, appearing on 39.7% of listings, but Zillow expects those concessions to become less generous as today’s inventory is absorbed and fewer new apartments enter the market.

The shift is already showing up in where renters are choosing to live.

Single-family rental homes continue to outperform apartments because elevated mortgage rates and record home prices are keeping would-be buyers on the sidelines. Many households that would normally purchase a home are instead renting detached houses, where supply remains far more limited. Single-family rents climbed 3% over the past year to $2,320, roughly double the 1.5% increase recorded by multifamily apartments, which averaged $1,789. Zillow expects that gap to persist through the remainder of the year.

The reason today’s market remains favorable for renters is simple: developers spent years building apartments at one of the fastest rates in decades, particularly across the South and West. That surge created more vacancies, increased competition among landlords and forced property owners to offer discounts that were rare only a few years ago.

Markets that failed to build enough housing tell the opposite story.

San Francisco now leads the nation with 8.2% annual rent growth, pushing the typical monthly rent to $3,301. According to Zillow, a household would need roughly $132,000 in annual income for that rent to remain affordable under conventional housing guidelines. The contrast reinforces one of the clearest lessons in today’s housing market: where supply grows, rents moderate; where construction lags, affordability deteriorates.

The biggest question is whether developers will continue replacing the apartments now reaching the market.

Recent government construction data has produced mixed headlines. Housing starts rebounded sharply in June after a weak May, particularly in multifamily construction. But starts only measure projects breaking ground. Permits—which provide a clearer picture of future development—continued to decline. Because permits lead construction, and construction leads completed apartments, today’s permitting slowdown points toward fewer new rental units entering the market over the next several years.

That timing matters. There are still approximately 682,000 apartments under construction nationwide, meaning additional supply will continue reaching the market over the coming months. Zillow’s forecast is therefore less about conditions today than about what happens once that construction pipeline begins to empty. If developers continue pulling back on new projects, the supply cushion that has benefited renters could shrink considerably by 2027.

The regional picture is also changing. Permit activity has strengthened in the Northeast even as construction slows across much of the South, suggesting the next phase of the rental market will vary significantly by geography. Areas that remain underbuilt may continue experiencing stronger rent growth despite new development, while markets that recently added large amounts of housing could retain more competitive pricing for longer.

For businesses, investors and property owners, the broader lesson extends beyond this year’s rent figures. Housing markets rarely change overnight. Today’s concessions reflect yesterday’s construction boom, while tomorrow’s rents will be determined by today’s shrinking development pipeline. Zillow’s forecast suggests the balance of power is beginning to move back toward landlords—not because demand is suddenly surging, but because the wave of new apartment supply that protected renters is gradually coming to an end.

JBizNews Desk | New York

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Reproduction or distribution without written permission is prohibited.

Commentary
Mean reversion algorithmic trading resumed last week on the perception that Asia would take the AI lead from the U.S. (This is a false narrative, since we are still in the early stages of the AI build-out.) For evidence of this mean reversion, here is a review of the trading trends in the first half of July. This Bespoke Investment Group chart illustrates exactly how these mean reversion algorithms impacted the Russell 1000:
This chart illustrates exactly how these mean reversion algorithms impacted the Russell 1000. (Source: Bespoke Investment Group)Currently, AI growth is constrained by memory and computing restrictions, as the backlog to build more data centers is still growing. OpenAI, Anthropic, Grok, and other AI developers have hit a wall, for now….

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Richard Tice, the deputy leader of Britain’s right-wing Reform UK party, is under investigation by Parliament’s standards watchdog over whether he should have prefaced his remarks in a House of Commons debate on pro-Israel influence by noting that he had visited the country as a guest of a pro-Israel group.

The Parliamentary Commissioner for Standards opened the inquiry on July 28, although it was not made public until Monday. The inquiry concerns whether Tice should have made an oral declaration that he had taken a September 2025 trip to Israel sponsored by Reform Friends of Israel before speaking in the June 22 debate. 

The trip had already been recorded in Parliament’s Register of Members’ Financial Interests.

Tice has rejected the complaint, arguing that it stems from his opposition to what he described as antisemitic claims about Israeli influence in British politics. “I am being investigated for standing against antisemitism. You could not make it up,” he wrote Monday on X/Twitter.

Tice also alleged in the post, without identifying the complainant, that the complaint had been submitted by an “antisemitic anti-Israel lobby group.” The Parliamentary Commissioner for Standards does not disclose the identity of complainants while investigations are underway, and no organization has publicly claimed responsibility for filing the complaint.

Reform UK Deputy Leader Richard Tice (centre left) and Chief Rabbi Ephraim Mirvis (3R) lead a 'march against antisemitism' demonstration in central London, on September 7, 2025. (credit: Carlos Jasso/AFP via Getty Images)

The September 2025 Israel trip included flights, accommodation and hospitality organized by Reform Friends of Israel, a group that works with election candidates and other Reform UK party officials to promote UK-Israel relations. The parliamentary commissioner is examining whether parliamentary rules required Tice to verbally mention that fact before participating in the June 22 debate.

The debate took place following a public petition that garnered over 100,000 signatures, the threshold required for parliamentary consideration, calling for an inquiry into what organizers described as “pro-Israel influence.” 

Tice rejects petition’s premise as ‘antisemitic’

During the debate, Tice rejected the petition’s premise, calling it “antisemitic in its very motivation and at its core.” He also said that allegations of undue Jewish or Israeli influence echoed “the oldest antisemitic trope in the book” and defended the role of parliamentary friendship groups such as Conservative Friends of Israel and Labour Friends of Israel.

“We should celebrate the extraordinary genius and impact of Israeli scientists, entrepreneurs and people specializing in medical research and AI applications, the work they do and the innovation they create, whether they are in the State of Israel or living somewhere else, such as London,” Tice said during the debate.

Tice welcomes former UK prime minister’s efforts against antisemitism within party

He also welcomed then-UK prime minister Keir Starmer’s efforts to tackle antisemitism within the Labour Party and argued that Parliament should reject claims that Jewish organizations or supporters of Israel exercise improper influence over British politics.

In his X post, Tice also claimed that the same group behind the complaint had not requested an investigation into independent MP Ayoub Khan over what he alleged was Khan’s failure to declare a donation from a pro-Palestinian organization. Tice did not identify either the complainant or the organization, and Khan has not responded to the accusation.

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Anti-Jewish hate crimes have climbed 8.5% in New York City this year, even as shootings and murders across the city fell to historic lows, according to the New York Police Department (NYPD).

NYPD officials on Monday announced they have recorded 205 confirmed hate crimes against Jews between January and July 2026, up from 189 during the same period last year. Jews were targeted in more than half of all hate crimes, or 57%, similar to the proportion in 2025. Jews make up 10% of the city’s population.  

Bias-motivated crimes overall rose to 360 incidents this year. The NYPD did not respond by press time to a request for a breakdown of hate crimes into violent and non-violent categories.

Antisemitic incidents reached a record high in 2024 during the aftermath of Hamas’s Oct. 7, 2023, attacks on Israel and Israel’s retaliation in Gaza. The figures fell slightly in 2025 but have remained elevated over the past five years.

In July, the total confirmed hate crimes and those aimed at Jews both fell below 2026 monthly averages.

NYPD Commissioner Jessica Tisch speaks as New York Mayor Zohran Mamdani listens during a press conference in New York City on April 2, 2026. (credit: MICHAEL M. SANTIAGO/GETTY IMAGES)

Still, a string of high-profile attacks last month has Jews on alert. They include the double stabbing of a Jewish man and an Asian man in Manhattan, the assault of a Jewish man by an alleged assailant who shouted antisemitic slurs in Brooklyn, and the vandalism of two synagogues in Queens with motor oil and feces. 

Some Israeli officials and pro-Israel Jewish leaders have accused Mayor Zohran Mamdani of fueling antisemitic incidents through his staunch criticism of Israel, which last month included calling Prime Minister Benjamin Netanyahu a “war criminal” and urging the US government to arrest him for war crimes in Gaza.

Ambassador Danon connects Mamdani statements to antisemitic stabbing attack

Israeli ambassador to the United Nations Danny Danon drew a connection on Monday between Mamdani’s statements about Netanyahu and the stabbing of Moshe Grunhaus on the Upper West Side, which occurred hours later. 

“Since Zohran Mamdani took office as Mayor of New York City, there has been a troubling rise in hate crimes targeting Jews across the city,” Danon said on X/Twitter. “This is not just our opinion. The NYPD’s own statistics show a sharp increase in antisemitic hate crimes since January 2026.” 

Mamdani: ‘Unacceptable’ that Jews are largest hate crime target 

Mamdani’s office did not respond to a request for comment on allegations that his rhetoric has contributed to antisemitism. But Mamdani said in a statement on Monday it was “unacceptable” that “while Jewish New Yorkers comprise a minority of our city’s population, they continue to comprise the majority of the victims of hate crimes.” He said his administration has boosted the Office of Hate Crime Prevention’s budget by more than 800%. 

“The work to uproot antisemitism out of this city is one that will continue until we see hate crimes come to an end in the city,” Mamdani said.

This post was originally published on here. 

The Knesset Finance Committee on Tuesday approved the transfer of approximately NIS 270 million to haredi (ultra-Orthodox) education institutions amid the Knesset’s recess ahead of the election.

The approval came after a lengthy and stormy debate in the committee, in which opposition lawmakers argued that the meeting should not take place during the recess and that the process for convening was not carried out properly.

The committee convened after Knesset Speaker Amir Ohana (Likud) approved the meeting despite the lack of the usual required agreement from the Knesset’s Coordination Committee.

The committee approved approximately NIS 1 billion in budget allocations for the Education Ministry, the Settlement and National Missions Ministry, and the Religious Services Ministry.

The funds allocated to the haredi education systems reportedly amounted to approximately NIS 270m.

Finance Committee chair MK Hanoch Milwidsky speaks with MK Moshe Gafni during a Finance committee meeting at the Knesset, the Israeli parliament in Jerusalem, August 4, 2026. (credit: CHAIM GOLDBERG/FLASH90)

Lawmakers respond to the decision to transfer millions to haredi education

The Degel Hatorah faction within the haredi United Torah Judaism Party stated that the Finance Committee had approved a series of budget transfers totaling approximately a quarter of a billion shekels for the haredi education system.

Degel Hatorah chairman MK Moshe Gafni welcomed the approval of the funds, stating that “when the world of Torah study and education faces significant difficulties, it is our duty to continue caring for Israel’s children and the haredi education system.”

Opposition lawmakers sharply criticized the transfer, with a key point of contention being the allocation of funds to haredi institutions that often do not teach mandatory core curriculum subjects, along with the haredi conscription issue amid the IDF’s severe manpower shortage.

Finance Committee member Yesh Atid MK Vladimir Beliak stated after the transfers that the government had “sold out Israelis who work and serve to Gafni and [Shas Party leader Arye] Deri.”

“They simply took your money, your children’s money. hundreds of millions of shekels, and transferred it to draft dodgers,” he added.

Democrats MK Naama Lazimi also criticized the transfer of the funds.

“The draft-dodging government continues to loot the funds belonging to all of us,” she said.

Challenges to the budget transfers will be reviewed by High Court on Wednesday

Supreme Court Justice Alex Stein ordered petitioners challenging the series of Finance Committee budget transfers to report back to the High Court of Justice by 9 a.m. Wednesday on the decisions approved during the committee’s meeting.

The decision keeps the urgent petition filed by the Hiddush religious-freedom organization and Lazimi before the court, and means the transfers approved Tuesday will be placed before Stein within hours of the vote.

The court will instead receive an updated account of the committee’s decisions on Wednesday morning before determining whether further responses or interim judicial measures are required.

Hiddush and Lazimi filed the petition on Tuesday morning after Finance Committee chairman Likud MK Hanoch Milwidsky did not cancel the meeting in response to a warning letter sent by the petitioners.

The petition initially challenged proposed transfers totaling more than NIS 360m., including approximately NIS 280m. that the petitioners said was intended for haredi and religious educational institutions. It asked the court to prevent the meeting from taking place or, alternatively, to block the transfer of any money approved during it.

The petitioners argue that convening the committee violated the Knesset’s rules for the election recess. According to the petition, the Finance Committee was permitted to hold only one meeting during the first two weeks of the recess, and had already used that authorization for a July 29 meeting that ended without approving the transfers.

They further argue that several of the budget requests placed on Tuesday’s agenda had not been discussed before the Knesset entered recess. They describe the allocations as an attempt by the outgoing coalition to direct public funds toward politically allied sectors during an election period.

The case comes against the background of an earlier legal dispute over a NIS 1.08b. education transfer approved by the Finance Committee on December 25, 2025.

During a High Court hearing in January, it emerged that approximately NIS 400m. had already been distributed before the committee voted. The court sharply criticized the practice and temporarily froze the remaining transfers.

The Knesset’s legal department later agreed that bringing budget transfers to the committee only after the money had been distributed was unlawful and undermined parliamentary oversight.

It nevertheless argued that employees who had already received salaries should not be required to repay them, and instead sought a forward-looking order preventing the practice from recurring.

The update due Wednesday morning will give Stein the precise results of Tuesday’s meeting and allow the court to determine whether the approved transfers require immediate intervention.

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In Michigan, Abdul El-Sayed is campaigning to end unconditional US military aid to Israel as he faces Rep. Haley Stevens, backed by the Democratic establishment and pro-Israel groups. In Missouri, former Rep. Cori Bush is seeking a political comeback against Rep. Wesley Bell, who unseated her two years ago with significant support from AIPAC. The results could offer an early indication of whether criticism of Israel has evolved from a progressive cause into a broader electoral force within the Democratic Party.

Democratic voters in Michigan and Missouri head to the polls on Tuesday in two primary contests that, while local in nature, could have implications far beyond state borders. From an Israeli perspective, both races center on the same fundamental question: Has criticism of Israel, opposition to continued US military assistance, and alignment with the Democratic Party’s progressive wing become a political asset, or does the party’s traditional pro-Israel establishment still hold the upper hand?

The highest-profile contest is taking place in Michigan, where Abdul El-Sayed and Rep. Haley Stevens are competing for the Democratic nomination for the US Senate. Michigan remains a key battleground state, one that President Donald Trump narrowly carried in 2024. The Democratic nominee will face Republican Mike Rogers in November, making the race critical for Democrats’ hopes of regaining control of the Senate.

El-Sayed, a leading progressive endorsed by Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez, has called for ending unconditional US military aid to Israel and has accused Israel of committing genocide in Gaza. He has also linked US support for Israel to domestic economic concerns, arguing that taxpayer money should be directed toward healthcare, education, and infrastructure instead of financing the war in Gaza. In an interview with Reuters, he described Israel and Gaza as a “cost-of-living issue” for American voters.

From an Israeli perspective, an El-Sayed victory would carry significance well beyond Michigan. It would elevate to the national stage a Democratic Senate candidate openly challenging the traditional bipartisan consensus on military assistance to Israel while signaling to other Democratic politicians that a tougher stance toward Jerusalem can be politically successful in a major swing state, not only in heavily progressive districts. El-Sayed has also declined to explicitly recognize Israel as the nation-state of the Jewish people.

US Senate candidate Abdul El-Sayed speaks in Detroit as part of a ‘Fighting Oligarchy’ campaign, May 3, 2026. (credit: Jim West/UCG/Universal Images Group via Getty Images)

His opponent, Haley Stevens, represents a more moderate wing of the Democratic Party.

Backed by Michigan Gov. Gretchen Whitmer, Senate Democratic Leader Chuck Schumer, and major pro-Israel organizations, Stevens has benefited from an estimated more than $30 million in outside spending from groups affiliated with AIPAC, highlighting the strategic importance the pro-Israel camp places on the race.

Stevens has maintained that no outside organization dictates her positions and that she represents the interests of Michigan voters. At the same time, she has made clear that her support for Israel is not unconditional. During a July debate, she argued that Prime Minister Benjamin Netanyahu’s policies had neither advanced peace nor strengthened security for Jewish communities in the United States and abroad.

For that reason, the Michigan race is not a straightforward contest between a “pro-Israel” and an “anti-Israel” candidate. Stevens supports the US-Israel strategic alliance while remaining willing to criticize the Israeli government. El-Sayed represents a broader ideological shift: challenging military assistance to Israel, questioning long-standing Democratic foreign policy assumptions, and arguing that support for Israel should no longer be treated as a default position within the party.

Polling underscores why the race has attracted so much attention. According to a Reuters/Ipsos survey, favorable views of Israel among Democrats declined from 59% in 2018 to just 22% in May 2026. Michigan is also home to one of the largest Arab American communities in the United States, many of whom have strongly opposed Israeli policy since the outbreak of the war in Gaza.

A similar, though far more personal, contest is unfolding in Missouri. Former Representative Cori Bush, a member of the progressive “Squad,” is attempting a political comeback against Representative Wesley Bell, who defeated her in the 2024 Democratic primary.

Bush emerged as one of Israel’s fiercest critics in Congress following the October 7 Hamas massacre and the subsequent war in Gaza. During the 2024 campaign, AIPAC and allied organizations spent millions of dollars supporting Bell. This year, according to public estimates, pro-Israel groups have invested more than $3 million to prevent Bush’s return to Congress.

Bell, now the incumbent congressman, continues to enjoy strong support from AIPAC and is generally regarded as the more pro-Israel candidate. Given that the St. Louis-area district is heavily Democratic, Tuesday’s primary is widely expected to determine who will ultimately represent the district in Congress.

Bush believes the Democratic electorate has shifted since her defeat. She has reason for optimism: an AP-NORC survey found that 58% of Democrats now believe the United States is too supportive of Israel, up from 45% at the beginning of 2024. Progressive and socialist activists from across the country have traveled to Missouri to assist her campaign, making the race another test of the organizational strength of the Democratic left.

The elections also represent an important test for AIPAC itself. Supporters argue that the organization helps elect candidates committed to the US-Israel alliance and discourages positions they view as hostile to Israel. Critics counter that its massive financial involvement reflects excessive outside influence in local elections.

Victories by Stevens and Bell would reinforce the argument that the pro-Israel establishment remains politically influential within the Democratic Party. Victories by El-Sayed or Bush, however, would suggest that financial resources alone may no longer be enough to halt the ideological transformation taking place among Democratic primary voters.

The broader political implications could extend well beyond 2026. Analysts believe the Michigan result, in particular, may shape how Democratic presidential hopefuls position themselves on Israel ahead of the 2028 election cycle.

For Israel, Tuesday’s primaries may not determine the future of the US-Israel relationship, but they could provide one of the clearest indicators yet of where the Democratic Party is heading. The question is no longer whether Israel will remain an issue within Democratic politics, but rather which vision of the relationship is gaining momentum: one that views the US-Israel alliance as a strategic pillar to be preserved, or one that sees tougher policies toward Israel as an increasingly viable electoral strategy.

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BUNIA, Congo — Ebola has killed more than 1,700 people in eastern Congo in what has become the fastest-growing outbreak of the disease, according to data — spreading faster than health officials can track and with patient zero still unidentified.

As of Tuesday, 3,802 cases had been recorded, with 1,707 deaths, the latest government update showed.

Read the rest…

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While Steve Byrd may be new to the role of CEO of Canopy MLS, he is certainly not new to the organization. 2027 will mark Byrd’s 30th year with Canopy, where he started his career as a database administrator.

“I’ve gone through a wide array of jobs here. First as a database administrator, then a network administrator and then MLS director, and I have been the chief technology officer here for over two decades,” Byrd told HousingWire. “The MLS is our technology company, so I think it seems fitting that they chose me to take over.” 

The great divide 

Byrd is taking the helm from longtime Canopy Realtors and MLS CEO Anne Marie DeCatsye, but instead of leading both the MLS and the Realtor association, Decatsye’s existing role will be filled by two separate people marking the beginning of a true separation in leadership between the association and the MLS. This move by the greater Canopy organization has been in the works for some time now, after organization leaders felt that more separation was needed despite the MLS and association having separate boards of directors since 2003. 

“On the MLS side, it is really more about delivering the products, services, technology and tools your participants need to service their clients,” Byrd said. “The association side is a lot more focused on advocacy and education.” 

In his mind, the separation will provide the MLS and the association with the ability to select board members for each segment that are best suited to help the operations achieve their respective goals. Some of the goals, at least for the MLS operation, Byrd said include things like adding more products to their portfolio in order to meet the evolving needs of their participants. 

“We do everything we can to provide them with what they need,” Byrd said. “AI is definitely going to have a large impact on the future and I feel like it will allow us to provide a greater variety of tools.” 

He said he hopes to see other associations that own MLS operations take a similar path in the future if it makes sense for their members. 

“I feel like it is the way MLSs should operate, but it remains to be seen whether everyone is going to do that,” Byrd said. “It may not be the perfect fit for every market.” 

Staying limber

Byrd acknowledges that he is taking the lead at Canopy MLS at a time when the industry is consumed by debates around listing data ownership, private listings and the future of the MLS. With this in mind, he said he believes the most important thing is for the MLS to “remain flexible to address the items one at a time as they come.”

“Sometimes they come from lawsuits, sometimes they come from broker demand, sometimes they come from the National Association of Realtors,” he said. “I think just remain flexible and address each issue one at a time when you need to — no knee-jerk reactions or surprises.”

Byrd said it can be challenging to balance all of the competing demands placed on an MLS, but he credited Canopy’s long-tenured and very experienced staff with having the knowledge and perspective to be able to prioritize and navigate all of these different forces.

Looking ahead, Byrd said he hopes Canopy and other MLSs can be flexible enough to adjust to the changes requested by brokers or required by association or government rules. 

“I hope we can be flexible enough to work with brokerages to determine what they need and adjust our business model as needed to  stay in the middle of the transaction, to keep relevant and to be where the market lives,” Byrd said. 

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American consumers are continuing to face elevated beef prices amid an ongoing cattle shortage, which is also hitting the bottom line of major meatpacking companies.

The U.S. cattle herd is at its lowest level in over 70 years due to drought reducing forage areas in key ranching regions, which forced ranchers to liquidate cattle. 

Ranchers are also facing higher operating costs for feed, labor, fuel and equipment, while some live cattle imports have also been constrained due to concerns over diseases affecting livestock.

CATTLE HERD ‘FIX’ IS TAKING YEARS LONGER THAN PREDICTED, CEO WARNS AMID HISTORIC BEEF SHORTAGE

Beef prices have risen 11.8% over the last year and increased 1.2% on a monthly basis in June, according to the most recent consumer price index (CPI) data released by the Bureau of Labor Statistics. Ground beef prices were up 12.4% from a year ago, while beef roasts were up 13.8% and steaks were up 11.4% in that period.

Tyson Foods noted the challenges in its beef business in its earnings call Monday, with CEO Donnie King saying, “Beef hasn’t performed the way we expected, and we’re not pretending otherwise.”

He noted the “well-documented challenges of the current cattle cycle” and said that Tyson’s beef segment operated at a loss of $138 million with sales volume down 15.9% and pricing up 12.1% as “constrained supply pushed input costs and pricing higher.”

The Tyson Foods CEO also discussed the recent announcement by the U.S. Department of Agriculture (USDA) that it will resume imports of cattle from Mexico starting in late August for the first time in more than a year.

‘WE GOTTA EAT’: PHILLY BUTCHER ON RISING BEEF PRICES AS CUSTOMERS ADJUST SPENDING HABITS

Cattle imports from Mexico were suspended due to an outbreak of the New World screwworm, which poses a threat to domestic livestock. USDA’s monitoring has noted 44 cases of New World screwworm in the U.S. since June, with cases concentrated in Texas and New Mexico.

The USDA’s resumption of imports will be flexible and will start at the Douglas, Arizona, port of entry after the neighboring Mexican states of Sonora and Chihuahua have been identified as the lowest-risk Mexican states for the New World screwworm.

The agency cited those Mexican states’ “strong, well-established inspection programs” and geographic distance from southern Mexico, where most of the cases have been concentrated.

BEEF PRICES HIT RECORD HIGHS AS NATIONWIDE CATTLE INVENTORY DROPS TO LOWEST LEVEL IN 70 YEARS

King said the “recent announcement of a phased reopening of the Mexican border for the importation of cattle shows potential improvements to long-term cattle availability.”

“Although the reopening won’t have a material impact on the remainder of this fiscal year, which ends in September, it does provide the potential for some level of improvement in 2027 and beyond,” King added. 

“To be clear, the reopening of the Mexican border will not solve the entire gap of beef losses we are currently seeing. We are not waiting passively for the cattle cycle to turn, and we continue to focus on improving the variables within our control.”

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California Republican gubernatorial candidate Steve Hilton is warning that a proposed billionaire tax would further strain the state’s economy, arguing that California is already losing businesses, investment and tax revenue as residents grapple with high costs.

California gubernatorial candidate Steve Hilton joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss the proposal, which opponents say could drive more wealthy residents and employers out of the state if enacted.

“It’s already cost California billions of dollars in lost tax revenue because of the amount of wealth that’s already left the state,” Hilton said. “Just because of the threat of this insane tax.”

CALIFORNIA DEMOCRATIC PARTY BACKS CONTROVERSIAL BILLIONAIRE WEALTH TAX PROPOSAL THAT’S ON STATE’S 2026 BALLOT

Lawmakers backing the proposal argue the state’s wealthiest residents should contribute more, while opponents contend California’s existing tax burden is already encouraging people and companies to relocate. Hilton argued the state’s top earners already shoulder a significant share of California’s income tax collections and questioned whether higher taxes would improve public services.

Beyond the billionaire tax debate, Hilton said rising labor costs, energy prices and regulations are making California less competitive. He argued repeated minimum wage increases create “a kind of doom loop” by raising business costs, which are then passed on to consumers.

CALIFORNIA LOSES FORTUNE 500 CROWN TO TEXAS AS BILLIONAIRE TAX THREAT LOOMS

Hilton also warned that businesses are scaling back hiring, increasing automation or leaving the state altogether because operating costs have become too high.

“If we don’t face up to the reality, California’s economy is going to absolutely collapse,” Hilton said.

Hilton said he would instead pursue lower taxes, reduced government spending and fewer regulations, arguing those policies would help attract employers, expand investment and make California more affordable for residents.

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India’s Ministry of External Affairs confirmed Tuesday that the Indian-flagged mechanised sailing vessel MSV Faize Noore Oliya sank in the Red Sea off Yemen’s western coast after coming under attack, with the entire crew pulled from the water alive. All 14 aboard — 13 Indian sailors and one Yemeni — were rescued and taken to safety, receiving medical assistance with no casualties reported. Yemen’s government-affiliated National Resistance Forces said coast guard and naval units carried out a joint rescue after the vessel was attacked roughly 13 nautical miles south of the Houthi-held port city of Hodeidah, and accused the Iran-backed Houthi movement of carrying out the strike. The Houthis have not commented.

India’s Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said the vessel was struck by a projectile near Yemeni waters, causing it to capsize and sink before the crew was rescued by the Yemeni Coast Guard and brought to the Port of Mokha. He described the incident as an “unprovoked attack on the defenceless mechanised sailing vessel.”

The sinking came just three days after President Donald Trump called off what he said would have been the largest U.S. military strike against Iran since World War II, saying negotiations had opened a path toward an agreement to reopen the Strait of Hormuz.

Three Days After Washington Stood Down

Trump announced Saturday that U.S. forces were “locked and loaded and ready to go” before deciding to halt the operation after what he described as significant diplomatic progress with Tehran. He said the proposed framework would immediately reopen the Strait of Hormuz and eliminate Iran’s nuclear threat, adding that he wanted to give Iran one final opportunity to reach an agreement.

The administration has repeatedly paused military action while pursuing negotiations. Each pause has been accompanied by renewed diplomatic statements, yet commercial shipping through the region has remained under sustained threat.

Washington Says Progress, Tehran Says Otherwise

Treasury Secretary Scott Bessent said Tuesday that an agreement with Iran to restore freedom of navigation through the Strait of Hormuz could come “today or tomorrow,” reinforcing Trump’s claim that negotiations remain active. Oil prices eased on the remarks as traders priced in the possibility of reduced disruption.

Iran’s account remains sharply different. Tehran’s Foreign Ministry said on August 3 that no negotiations with Washington were underway, insisting discussions were only taking place with Oman over management of the Strait. After Iran publicly rejected Trump’s claims of renewed talks, the president accused Tehran of acting “unbelievably duplicitous” and warned it was facing its last opportunity to reach an agreement.

Despite the diplomatic messaging, military activity has continued throughout the region while negotiations have ebbed and flowed.

Two Maritime Chokepoints Under Pressure

While the Strait of Hormuz remains heavily restricted, Iran’s Yemeni ally has continued threatening the second critical gateway linking Europe and Asia.

The Houthis declared a maritime embargo against Saudi Arabia on July 20, expanding risks across the Bab el-Mandeb corridor. Regional sources have said the group has examined imposing transit fees on commercial shipping, although the Houthis have denied the reports. Officials in Yemen’s internationally recognized government have accused the movement of attempting to replicate Iran’s strategy in the Strait of Hormuz.

Shipping Costs Continue to Rise

Marine insurers reacted quickly after the latest escalation. War-risk premiums climbed to roughly 0.75% of a vessel’s value from about 0.3% before the blockade announcement, adding hundreds of thousands of dollars to the cost of a single voyage.

The operational impact is even greater. Ships rerouted around Africa instead of transiting the Red Sea can add weeks to delivery schedules while sharply increasing fuel consumption and operating costs. Roughly 15% of global trade normally moves through the Suez Canal, while about one-fifth of the world’s seaborne oil passes through the Strait of Hormuz.

Why This Attack Matters

Until now, many shipping companies believed Houthi attacks remained largely focused on vessels with Israeli connections or ships that had recently called at Israeli ports.

A small Indian-flagged cargo vessel does not obviously fit those categories. If the attribution by Yemen’s National Resistance Forces proves accurate, it could signal a broader targeting strategy than many operators had assumed.

India condemned the attack and said its embassy in Riyadh is coordinating with Yemeni authorities to ensure the crew’s safety while reaffirming the importance of freedom of navigation under international law.

Traffic through the Bab el-Mandeb remains well below pre-conflict levels. Every additional strike pushes insurers, shipowners and cargo operators further from any expectation that diplomacy alone will reopen one of the world’s most important trade corridors.

JBizNews Desk

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Tel Aviv Vice Mayor Guy Avner challenged New York City Mayor Zohran Mamdani to a boxing match, citing the American mayor’s anti-Israel statements and accusing him of fomenting hatred towards the Jewish people.

“Mayor Mamdani, you’ve been saying a lot of horrible stuff, creating a lot of hatred towards the Jewish people,” Avner said in the video posted to Instagram on Monday. “As the Vice Mayor of Tel Aviv, I’m going to stand strong. I love America, I love New York City, but you, Mamdani, you’re bad news.”

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A post shared by Guy Avner (@guy.avner)

Avner then issued the challenge, telling Mamdani, “You and me, in the ring, charity event.”

He added that the proceeds of the event could all go to a charity of the New York City Mayor’s choice.

“And you’re going to stop dissing the Jewish people and the great state of Israel,” Avner added. “I’m coming for you. There’s nowhere to run. There’s nowhere to hide. It’s time. You and me, face to face. Let’s go.”

New York City Mayor Zohran Mamdani delivers a speech to mark the 250th anniversary of the United States of America at City Hall in New York, NY, US, July 3, 2026. (credit: Anna Connors/Pool via REUTERS)

In the caption attached to the video, Avner encouraged viewers to spread the video around until Mamdani accepted the challenge.

“We can have it in [Tel Aviv] – don’t worry you won’t get arrested,” Avner wrote, a reference to comments Mamdani made to the New York Times in July when he said his administration was considering detaining Prime Minister Benjamin Netanyahu should he visit New York for the September UN General Assembly.

The New York City mayor later walked back the threat, admitting that his administration did not have the authority to execute the International Criminal Court’s (ICC) arrest warrant for Netanyahu.

In a statement to The Jerusalem Post following the publication of his video, Avner said he decided to challenge the NYC mayor to a boxing match because “boxing is about facing your opponent directly.”

“Mayor Mamdani has repeatedly thrown punches at Israel, the IDF, and many Jews around the world with his rhetoric,” Avner continued. “Instead of fighting through headlines and social media, I invited him to step into the ring, where there are rules, respect, and accountability.”

TLV Mayor Avner: ‘Words have consequences’

Asked why he chose this moment to issue the challenge, Avner said “words have consequences” and pointed to the elevated rates of antisemitic incidents around the world, a tide that rose precipitously in the wake of the Hamas-led massacres in southern Israel on October 7, 2023.

“At a time when antisemitism is rising around the world, and Israel continues to face existential threats, public leaders have a responsibility to lower the temperature, not inflame it,” Avner said. “I felt it was important to draw a line and challenge the normalization of rhetoric that many Jews experience as deeply hostile.”

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JPMorgan Chase plans to deploy more than $750 billion for housing through 2035, including financing for 1 million affordable units and help for 500,000 buyers to purchase homes.

The commitment, part of the bank’s American Dream Initiative, represents a nearly 40% increase in housing-related capital compared to the prior decade, the bank said Monday. It comes not long after JPMorgan Chase named Doug Petno and Troy Rohrbaugh as co-presidents — the clearest step yet in the board’s planning for an eventual successor to CEO Jamie Dimon.

“An affordable and resilient housing market is essential to driving economic growth and increasing opportunity,” Michelle Herrick, head of commercial real estate for JPMorgan, said in the announcement.

Sean Grzebin, CEO of Chase Home Lending, said homeownership remains central to wealth-building and community stability for U.S. households.

The initiative signals Chase will be more active in the purchase mortgage market. The bank plans to support 200,000 first-time buyers, hire 850 new home lending advisers and roll out new digital tools to support originations.

In terms of product development, the bank is considering new collateral types, such as modular and manufactured homes, as well as down payment assistance and other mechanisms to lower long-term borrowing costs.

In the secondary market, JPMorgan Chase plans to work to harmonize standards among key housing finance institutions and federal programs to streamline opportunities and expand the role of private capital.

The bank originated $17.2 billion in mortgages from April through June, up 26% quarter over quarter, in a period when banks are expected to take more market share from nonbanks. The bulk of Chase’s volume came from its retail channel ($10.6 billion, up 22%), followed by its correspondent business ($6.6 billion, up 32%).

Affordable housing initiative

Overall, the bank committed to finance 1 million affordable housing units — defined as households that earn less than 120% of area median income — over the next decade through debt, equity and grants in partnership with developers, owners, nonprofits and governments.

The initiative also has a large policy and research component, using the JPMorgan Chase PolicyCenter and Institute to identify and support state and local reforms that can unlock more supply and lower costs.

The announcement arrives soon after the 21st Century ROAD to Housing Act became law. The bank also plans to invest in local zoning and permitting reforms that allow more housing in residential areas, unlock underused land, modernize building codes and streamline approvals.

JPMorgan Chase will serve as chair of the U.S. Chamber of Commerce’s newly formed Housing Advisory Council, which is designed as a business-led forum to shape housing policy recommendations across levels of government.

As an example of how these strategies may play out on the ground, the firm highlighted several projects in San Francisco’s Dogpatch neighborhood and the broader Bay Area. That includes debt financing that helped deliver the Sophie Maxwell building, with 105 permanently affordable apartments for middle-income residents at the Power Station redevelopment, and nearly $200 million in financing for a 342-unit residential building at the same site.

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

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After continuing to settle into our life in Israel, we decided that some outstanding domestic duties required attention on the sceptered Isle of Great Britain, with a trip to the new center of antisemitism, Ireland, thrown in.

On these two islands, apart from many other natives, live a 95-year-old Mother-in-Law and a 2-year-old granddaughter.

After a few days in the UK, we realized we had successfully reversed our lives. Israel is our home: the UK is an unhappy place to visit. In fact, it wasn’t us that had reversed position… it was the World. Even the weather is in reverse. We left a balmy June in Israel and replaced it with a scorching July in Britain. How odd is that? Positively Shakespearean. 

But the weather was not the worst of it. A lot can happen when you are in another country for a few weeks, especially those that you have witnessed becoming more and more hostile and those where the governments spend all of their waking hours berating Israel. 

I have charted for you the coming of a new government in the UK, under the stewardship of Andy Burnham. We have now witnessed at first hand its first couple of weeks.

CATHERINE CONNOLLY addresses a demonstration against the sale of Israeli bonds throughout the EU, outside the Central Bank of Ireland in Dublin, in May. Last week, she was elected overwhelmingly as Ireland’s new president. (credit: CLODAGH KILCOYNE/REUTERS)

The UK remains ungovernable due to immigration. For any person to gain entry, you simply require a reserved seat on a rubber dinghy, and provided you jettison any identity documents you had gone to the trouble and expense of having forged, if when you touch land you call out “home” you have made it.

Assuming that you know the English word “home”. There then begins the unformulated process of moving you between army barracks and hotels until it is resolved whether you are a legal or illegal immigrant. Whichever it is, it seems you are allowed to stay. 

The scale of this is out of control. In four days, July 23-26,10 boats brought 709 migrants to the UK. In the year ending March 2026, the numbers totaled 37,970. The majority fall into the category of illegals, and here’s the rub: 12% are Iranian young men. No doubt the Moroccans that broke into Spain will soon be arriving in Britain.

On July 25, it became widely publicized that some of those coming to UK shores are linked to the IRGC Unit 700, and the Iranian regime is threatening to avenge the UK for allowing the US to use their bases in Britain to launch attacks on Iran.

The British people seem to have forgotten the 7/7/ bombings, when 4 radicalized Islamists connected to al-Qaeda blew up underground trains and a bus, killing 56 and injuring 784. 

What the IRA had begun in the 1970’s, 1980’s and 1990’s was taken over by extreme muslims, including the attempt to decapitate a British soldier, Lee Rigby.

So as we arrived in Britain, the prospect of renewed terrorism on the streets rang loud and clear.

 Who else greeted us? Sarah Mullally had been appointed the first woman archbishop of Canterbury. The appointment was replaced by disappointment, as she was photographed at her official residence, Lambeth Palace, standing beneath a photo of the former Palestinian terrorist leader Yasser Arafat.

But what she has done is almost as bad as Arafat. She has led and encouraged the Church of England gathering at the General Synod to pass a resolution to hear the “Kairos Palestine II”. This claims that the Palestinians live “in a time of genocide, ethnic cleansing and forced displacement unfolding before the eyes of the World”. 

The Archbishop says she continues to pray and support her Palestinian Christian sisters and brothers. And whilst she claims she also stands in solidarity with the Jewish community of the UK. Of course she does not refer to the hostages, October 7, or any sympathetic reference to Israel.

The Church proclaims now that the October massacre was inevitable and cannot remain silent in the face of the destruction of life. Palestinian life that is. So that’s the church for you.

Sadiq Khan becoming a member of the House of Lords

After crossing the River Thames and driving for 4 minutes, you come to the House of Lords and its newest member.

Donald Trump has referred to London Mayor Sadiq Khan in his typical style: “grossly incompetent, a bad person and a bad representative for your (UK) country.” He was not wrong.

Therefore, it was obviously just a matter of time until Keir Starmer honored him with a peerage that entitles him to sit in the House of Lords. Khan has echoed calls originally raised by Zohran Mamdani, advocating for the arrest and prosecution of Israeli Prime Minister Benjamin Netanyahu

Which brings us to yet another upstanding and outstanding member of the professional classes of Britain, Karim Khan. On June 8, he was formally suspended by the International Criminal Court following an 18-month investigation into alleged coercive and non-consensual sexual misconduct.

Compared with Bibi, against whom he issued an arrest warrant, I do not doubt that the company of Bibi would be far less distasteful than either of the Khans mentioned above.

Next week off to Ireland, the new European captains of antisemitism. There is a new president, Catherine Connolly, whose sister had occupied a place on one of the flotillas designed to bring much-needed supplies (2 cans of tomato soup) to Gaza.

When we arrived back in Britain, we said to ourselves, Cheer up; things could be worse, so we cheered up, and they were. 

But there is one silver lining in the cloud. Boy George, growing up in London, has released a song called “ We Will Dance Again,” featuring his total support for Israel and the Jewish people. It is simply the most beautiful song I have ever heard. Britain is toxic. We will be home very soon.

The writer is a retired criminal Judge and author. He lives between London and Zichron Ya’akov.

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The latest round of US-facilitated talks between Israel and Lebanon began on Tuesday in Rome and will continue through Thursday.

The discussions concern which country – or countries – will be responsible for verifying that areas entered by the Lebanese Armed Forces under the pilot phase of Hezbollah’s disarmament are free of both Hezbollah operatives and the group’s weapons, three sources familiar with the talks have told The Jerusalem Post.

One of the countries that may take up the role is Italy.

State Department spokesperson Tommy Pigott said that the talks were underway.

“The United States remains fully committed to supporting both governments as they carry this process forward in a manner that delivers lasting security for both countries, eliminates security threats to Israel, and restores Lebanese state authority throughout the south,” Pigott wrote in a post on X/Twitter.

Lebanese army officers on a military vehicle drive in Zawtar al-Gharbiyeh, a village in southern Lebanon, following the deployment of Lebanese soldiers in one of three pilot zones after the withdrawal of Israeli forces under a US-brokered plan, July 26, 2026.  (credit: REUTERS/ZOHRA BENSEMRA)

On Tuesday, Lebanese Army Commander General Rodolphe Haykal met with the commander of Italy’s Joint Operations Command, Lieutenant-General Giovanni Maria Iannucci.

According to a statement released by the Lebanese Army, the two discussed “the overall situation, recent developments, ways to support the Lebanese Army in light of the challenges it faces, and the available options for the period following the end of UNIFIL’s mission.”

Who will verify Hezbollah disarmament without UNIFIL?

At the outset of the negotiations, insisted that it should be the party authorized to enter areas secured by the Lebanese Armed Forces in order to provide the final confirmation that they had been cleared of Hezbollah’s presence. However, following strong opposition from the Lebanese government, Israeli, Lebanese, and US officials began discussing which country – or countries – could verify that the areas are free of Hezbollah personnel and weapons.

Israel and the US are firmly opposed to extending the mandate of the UN Interim Force in Lebanon, which is set to expire at the end of the year; they do not want the multinational peacekeeping force to be responsible for conducting the final verification on the ground.

One source familiar with the discussions told the Post that no final decision has been made and that several alternatives remain under consideration.

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Ramat Gan Deputy Mayor and head of the Diamond Exchange District Administration, Israel Zari, joined Gadi Eisenkot’s Yashar party on Tuesday, the party announced, marking him as the latest public official to join the former IDF chief’s list.

Eisenkot praised Zari’s record in municipal government and public service, highlighting his work to strengthen local government, advance equal rights for the LGBTQ+ community, and expand opportunities for young Israelis.

“Israel brings with him young, courageous, and principled leadership, alongside municipal experience and extensive work to strengthen civic engagement among teenagers and young adults,” Eisenkot said.

“Together with him, we will continue building honest, responsible, and unifying national leadership for all Israeli citizens.”

Zari, 36, is a Ramat Gan resident who holds a bachelor’s degree in communications with honors from Reichman University and is a graduate of the Argov Program for Leadership and Diplomacy.

Gadi Eisenkot, head of the Yashar party attends a conference in the northern Israeli city of Haifa, July 9, 2026. (credit: Sharon Leibel/Flash90)

Israel Zari, first openly gay Ramat Gan official, joins Eisenkot’s party

Before entering elected office, he served as a personal adviser to Israel’s transportation minister, spokesperson for the Ra’anana Municipality, spokesperson for the Israeli Scouts movement, and spokesperson for the Aguda, The Association for LGBTQ Equality in Israel. Those roles gave him experience working with government ministries, local authorities, and civil society organizations.

In 2018, Zari was first elected to the Ramat Gan City Council through an independent party for young residents that he founded at the age of 28. He became the city’s first openly LGBTQ elected official and later led reforms that brought Ramat Gan to the top of the Aguda’s national municipal LGBTQ equality index.

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.

Zari said his decision to enter national politics stemmed from his long-standing work with young Israelis and his belief that greater civic involvement is needed.

“Throughout my life I have worked with young people, and I have always taught them that if they do not act, no one else will do it for them,” he said.

“The reality in Israel in 2026 requires us not to stand on the sidelines but to take responsibility and influence the country’s national decision-making centers. Throughout my public service, I have believed that leadership is measured by action, by the courage to advance equality, and by concern for future generations,” he added.

“The hatred and division in Israeli society are a real existential danger, and I decided to join Gadi Eisenkot and the Yashar party because I believe in honest, statesmanlike leadership that rises above partisan politics, serves all Israeli citizens, and offers a genuine vision of hope and unity.”

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More than 150 people were rescued in the English Channel after a migrant boat caught on fire on Tuesday morning, French authorities announced.

The French maritime prefecture of the Channel and North Sea said in a statement that 157 people were rescued from the boat and taken to Boulogne-sur-Mer after its engine caught on fire.

During the night of Monday-Tuesday, the French Sea Rescue Society (SNSM) rescued five people from the boat who required immediate assistance; however, the remaining passengers refused help, French authorities said.

“Given the structural fragility of the overcrowded boats, the decision was made not to systematically force the boats to embark on rescue vessels, in order to avoid endangering the migrants’ lives in the event of a shipwreck,” French authorities said.

In this drone view an inflatable dinghy carrying migrants makes its way towards England in the English Channel, Britain, August 6, 2024. (illustrative) (credit: REUTERS/Chris J Ratcliffe)

Fire broke out after ship’s engine deteriorated

Hours later, while traveling through the French Safety Restricted Route, the ship’s engine caught fire and “the vessel’s integrity deteriorated rapidly.”

The Regional Operational Surveillance and Rescue Center broadcast a Mayday message, and French and British rescue teams were dispatched to the area to rescue shipwrecked individuals.

At the end of the operation, 157 people had been rescued and brought to Boulogne-sur-Mer in France. French boats rescued 103 migrants, and the British boats rescued the remaining 545.

No fatalities have been reported.

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An Indian vessel sank near Yemeni waters after being struck by an unknown projectile on Tuesday, according to India’s Minister of Ports, Shipping & Waterways, Sarbananda Sonowal.

According to Sonowal, all 14 seafarers on board, including 13 Indian nationals, were rescued by Yemen’s coast guard.

India’s Ministry of External Affairs condemned the attacks and stated that the Indian Embassy in Riyadh is closely monitoring the situation in addition to coordinating with Yemeni authorities to ensure the continued safety of the seafarers.

The Ministry described recent attacks on commercial shipping in the region as “deeply worrisome.” It called for the end of such violence and the restoration of unimpeded navigation in line with international law.

Ship traffic through Red Sea slows due to Houthi threats

In recent days, ship traffic through the Red Sea has slowed due to threats from Yemen’s Houthi terrorist organization.

Ship tracking data showed that at least six Saudi-flagged supertankers changed course in the Gulf of Aden to avoid transit through the Red Sea and Bab el-Mandeb Strait.

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A UK Employment Appeal Tribunal has upheld a ruling that former University of Bristol professor Dr. David Miller’s anti-Zionist beliefs, as defined in his case, qualified as protected philosophical beliefs under the Equality Act 2010.

Miller was employed as a professor of political sociology at the University of Bristol from September 2018 to October 2021. Miller was dismissed for gross misconduct relating to comments he made on three occasions during February 2021.

These included the following: saying, “the enemy we face here is Zionism and the imperial policies of the Israeli state”; asking that “Zionism is ended”; saying “Zionism is racism”; saying the Israeli state is the cause of antisemitism; arguing that Zionism deliberately fosters Islamophobia; and saying that “Jewish student groups [that support Israel] are a threat to the safety of Arab and Muslim students.”

Since October 7, his comments have included praising or legitimizing October 7, and calling for Zionists to “go home.”

JEWS ARE seen protesting against Israel and demanding Palestinian statehood recognition, in August 2025. (credit: REUTERS/HANNAH MCKAY)

UK tribunal rules professor’s anti-Zionism protected

After his dismissal, Miller brought a complaint in the Employment Tribunal arguing that his beliefs were protected philosophical beliefs, that he was harassed for his beliefs, and that he was wrongfully dismissed.

In Tuesday’s ruling, the Employment Appeal Tribunal (EAT) upheld that the specific beliefs advanced by David Miller satisfied the test for a protected philosophical belief under section 10 of the Equality Act.

Those beliefs were defined as: that political Zionism (as Miller defined it) is inherently racist, imperialistic, and colonial; and that political Zionism, therefore, must be opposed.

EAT found those beliefs met the five criteria for protection, including being “worthy of respect in a democratic society” and also accepted Miller’s argument that he was not supportive of violence as a means of opposing Zionism.

The university tried to argue in the appeal that Miller’s description of his anti-Zionist beliefs did not accurately reflect his true beliefs. However, the Appeal Tribunal said that the university had not contested this at the Tribunal hearing and could not debate it now.

EAT did not rule that all anti-Zionist beliefs are protected, but that a particular anti-Zionist belief can qualify as a protected philosophical belief if it satisfies the Grainger criteria.

EAT also upheld the finding that Miller’s dismissal was discriminatory because dismissal was a disproportionate response.

The ruling does not establish that employers cannot dismiss an anti-Zionist employee.

The Tribunal, whose findings EAT had upheld, accepted that Bristol had legitimate aims in dismissing Miller, such as protecting staff, students, and the university’s reputation.

It said that disciplinary action short of dismissal could have been justified, but that dismissal itself was disproportionate on the facts of this case.

Additionally, EAT found that some of Miller’s conduct toward students was blameworthy, including aggressive comments directed at student societies.

It rejected some of his discrimination claims and concluded that his conduct contributed to his dismissal, reducing his compensation by 50% for contributory fault.

Following the ruling, Miller posted on X/Twitter: “We have set a binding legal precedent! Anti-Zionism is now a protected philosophical belief under the Equality Act 2010. Full stop.”

“This is a public humiliation for the genocidal Zionist regime, whose assets in Britain bullied the university into sacking me and then dragged them into this futile appeal. Their legal strategy has collapsed. Their pressure campaign has spectacularly backfired.”

As noted above, this is not correct.

Jonathan Turner, director of UK Lawyers for Israel, told The Jerusalem Post: “It is important to understand that both the Tribunal and the Appeal Tribunal decided the case on the basis of David Miller’s particular description of anti-Zionism. They did not find that all forms of anti-Zionism are protected under the Equality Act.”

“Overall, the Tribunal found that both the university and David Miller were at fault. Miller is likely to be awarded some compensation, but not reinstated.”

Turner noted that the appeal decision, in fact, provides further support for the view that legitimate forms of Zionism are also protected under the Equality Act. This is in line with the earlier decision in the McEleny case that a belief in Scottish Independence was protected.

“This means that discriminating against, harassing, or victimizing someone because of their Zionist views is liable to breach the Equality Act,” he added.

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Karen Bick has spent the days leading up to Michigan’s Democratic Senate primary fielding calls from Jewish friends urging her to vote for US Rep. Haley Stevens.

Despite the pressure, Bick, 69, said she plans to sit out the race altogether. As much as she is compelled by the campaign of Stevens’ progressive opponent, Abdul El-Sayed, his accusations that Israel has committed genocide in Gaza have kept her from voting for him. Stevens’ campaign, she said, hasn’t given her enough reason to vote for her instead.

“I am very pro-Israel. I’m not pro-[Prime Minister Benjamin] Netanyahu, which is part of the whole thing. A lot of my friends who are Jewish have been calling me, trying to get Haley, but it’s like they’re looking at one issue,” said Bick, a Jewish resident of Oak Park, a suburb of Detroit. “I don’t think that Israel should take precedence over all the other issues just because somebody’s pro-Israel.”

Bick’s ambivalence reflects a divide among Michigan Jews in a primary where Israel has emerged as one of the sharpest contrasts between the candidates. Stevens has served in the House since 2019 as a reliable supporter of Israel, while El-Sayed, a former county health official, has made opposition to US support for Israel and AIPAC’s spending in the race a hallmark of his campaign.

That doesn’t mean El-Sayed is without Jewish supporters.

Barbara Weinberg Barefield, 2nd from right, campaigns for Abdul El-Sayed. (credit: Courtesy Barbara Weinberg Barefield)

Barbara Weinberg Barefield, a longtime Detroit resident who helped found the city’s Jewish Voice for Peace chapter, has been campaigning for El-Sayed since the beginning of the race, including organizing fundraisers, phone banking and canvassing. She also helped organize “Jews for Abdul,” a group of Jewish supporters working to elect him.

El-Sayed’s use of ‘genocide’ term an essential attribute, supporter says

Weinberg Barefield, 76, said that El-Sayed’s use of the term “genocide” to describe Israel’s actions in Gaza was an essential component of her support for him.

“We are trying to let people know that there are many Jewish people that support Abdul and support his objectives and support his voice,” Weinberg Barefield said. “Justice, equality, and freedom are part of the fabric of me being a Jew and the message that we put forth for ‘Jews for Abdul:’ that he is a candidate that represents our morality, our ethics, and frankly, I think these are the things that most people in this country want.”

Suzanne Levin, an 83-year-old Jewish Michigander, initially supported Michigan state senator Mallory McMorrow, whose withdrawal from the race left progressive Jews in the state facing a political dilemma.

For Levin, the choice quickly became clear. She got an El-Sayed lawn sign and “Jews for Abdul” t-shirt and threw her support behind his campaign.

In doing so, Levin has rejected accusations from Stevens and some Jewish Democratic leaders in the state that El-Sayed’s rhetoric and associations have crossed the line into antisemitism.

“They believe all this crap about El-Sayed, that he’s antisemitic, and I have listened to so many of his talks, and when they ask him ‘should there be an Israel,’ he says there should be a place where people could all be safe, and people should be okay,” Levin said.

El-Sayed describes Israeli government as ‘evil’

Other Jewish Democrats have reached a starkly different conclusion about El-Sayed, who has said the Israeli government is as “evil” as Hamas and often accuses Israel of committing “genocide” in Gaza while advocating that US aid to Israel be diverted to domestic priorities.

Halie Soifer, the CEO of the Jewish Democratic Council of America, which has endorsed Stevens, said that she had been “concerned” by El-Sayed’s response following the March attack on Temple Israel in West Bloomfield, Michigan.

At the time, El-Sayed sparked outcry by putting out a statement that discussed Israel’s war in Lebanon, where the attacker’s brother was killed. Soifer said she believed El-Sayed “equivocated and provided a justification for a situation, which there was no justification.”

“If he wants to be senator of a state that has such a large Jewish population, he must demonstrate an ability to stand with that community as we face the rise of antisemitism,” Soifer said. “On that issue in particular, Haley has been a leader in Congress.” The state has close to 130,000 Jews.

Soifer said her group’s volunteers had put out close to 10,000 calls to Michigan voters urging them to back Stevens.

Zach Nessel, a 23-year-old Michigan State University graduate and the secretary of the Michigan Democratic Jewish Caucus, shared many of Soifer’s concerns as he knocked on doors for Stevens in Oak Park Monday.

“I’m absolutely concerned about his rhetoric,” said Nessel, whose mother is Michigan Attorney General Dana Nessel. “I think he’s spending more of his time trying to ostracize pro-Israel Democrats than he is looking to fight Trump, and that’s what I see amongst a lot of his allies.”

Nessel said he had been especially concerned by El-Sayed’s campaign event at his alma mater in April alongside Hasan Piker, an anti-Israel streamer whose rhetoric has been called antisemitic by many Jewish groups and leaders.

“The fact that my former Dem Club is hosting an antisemite that has positive things to say about Hezbollah, a US-designated terrorist organization that has killed Americans, that’s horrifying,” Nessel said. “And the fact that you know Abdul is campaigning with someone like that is insane.”

Nessel said that he had visited over 500 homes across the Detroit area to champion Stevens. During his visits, he said voters rarely brought up Israel or AIPAC on their own.

But Nessel said he worried that a potential El-Sayed victory Tuesday could encourage other candidates to adopt similar tactics, with consequences for Jewish participation in the Democratic Party.

“Most people, they want to fight [US President Donald] Trump, and they want to make things more affordable,” Nessel said. “And if this sort of commotion is successful, then they’ll keep on doing it, and that’ll make it hard for members of the Jewish community to continue to participate in our party.”

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All Israeli strikes in the Gaza Strip will now require the approval of IDF Chief of Staff Lt.-Gen. Eyal Zamir, Army Radio reported Tuesday, citing security sources.

The requirement comes as the military tightens its overall attack policies, which until now required only the approval of a division commander.

The recent reduction of IDF attacks in Gaza is a direct result of the policy changes and the general reduction in targets since the October 7 massacre, the report said.

There had not been any strikes in Gaza over the past 48 hours, except for a single attack early on Monday, it said.

Any “escalation of the policy of attacks in Gaza is a decision of the political echelon,” Army Radio quoted the IDF Spokesperson’s Unit as saying.

IDF Chief of Staff Eyal Zamir attends a ceremony marking the 50th anniversary of Operation Entebbe at the President’s Residence in Jerusalem, July 12, 2026. (credit: CHAIM GOLDBERG/FLASH90)

IDF kills multiple Gaza terrorists in recent strikes

Multiple Gazans from various terrorist groups have been killed in recent weeks, including this past weekend in several strikes, the IDF reported.

One of the strikes over the weekend in the Deir el-Balah area killed a Palestinian Islamic Jihad Central Gaza Brigade commander, Mahmoud Fatair, the IDF reported Monday. He had taken part in the October 7 massacre and was involved in holding Rom Braslavski hostage, it said.

Also on Monday, the IDF confirmed killing Jaish al-Islam (Army of Islam) terrorist Alaa Imad Khamis Tarams in Gaza City last week.

The IDF said it had killed a Hamas Jabalya Battalion commander, Ahmad Khudar, the previous week.

On Sunday, the IDF said it had killed Hamas Nukhba commander Salem Jamal Abd al-Rahman Abu Labad in southern Gaza on Saturday. He had taken part in the October 7 massacre, it said.

The IDF confirmed the killing of a Hamas Maghazi Battalion commander, Muhammad Abd al-Nasser Muhammad Khatib, on Friday.

Shoshana Baker contributed to this report.

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The newly enacted 21st Century ROAD to Housing Act is a “consequential” but incremental step toward addressing housing affordability challenges, with potential benefits for small-dollar mortgages, manufactured housing and multifamily financing, according to several industry trade groups.

Bill Killmer, senior vice president of legislative and political affairs at the Mortgage Bankers Association (MBA) — who has spent roughly four decades working in Washington — said the legislation represents Congress “at its best” after the House and Senate combined more than 60 housing provisions into a bipartisan package.

“By themselves, none of them are silver bullets,” Kilmer told HousingWire. “But when you have them all together, I think they are going to move the needle and encourage further dialogue. Whether it’s small dollar, whether it’s the title issues, whether it’s the appraisal issues, whether it’s rural housing reforms, housing counseling, creating awareness for the VA home loan program …. they’re all positive actions in terms of raising awareness.”

Kimber White, president of the National Association of Mortgage Brokers (NAMB), agrees that the new law provides a framework for future housing efforts but said implementation will determine its impact.

“This is the first major housing bill that we’ve passed in 40 years,” White said. “But now let’s move forward. Let’s just not say we got a great housing bill. Let’s start working on those parts of that housing bill.”

Making smaller loans more profitable

One of the mortgage industry’s most closely watched provisions is a Federal Housing Administration (FHA) small-dollar mortgage pilot aimed at encouraging lenders to originate lower-balance loans, particularly in rural and lower-cost markets.

Frank Cassidy, senior managing director at Walker & Dunlop and the former FHA commissioner during the second Trump administration, said the challenge facing small-dollar mortgages has long been tied to the economics of origination.

“Small-dollar mortgages are an important part of the nation’s housing finance system,” he said. “But the issue has always been that it’s the same amount of work to do a $50,000 loan as it is to do a $500,000 loan.”

Because lenders face similar underwriting, processing and compliance costs regardless of loan size, Cassidy said many have been unable to generate enough revenue from smaller loans to justify the expense.

Killmer said MBA has supported efforts to expand small-dollar lending but views the pilot as a starting point. “I think that studying this is something that we hope will bear fruit,” he said. “Our lenders would like to find a way to more profitably and more smoothly be able to examine doing the smaller loan amounts.”

The law establishes a $100,000 threshold for small-dollar mortgages, though Kilmer said the definition could eventually expand depending on local market conditions.

“We think that, frankly, $250,000, depending on the marketplace, could qualify as a small-dollar mortgage as well,” he said.

Laurie Goodman, a fellow at the Urban Institute and founder of its Housing Finance Policy Center, disagrees. She points out that the definition of a small-dollar mortgage is difficult to standardize nationwide because housing markets vary widely.

“There’s nothing magic about it,” Goodman said regarding the $100,000 threshold. “I think $100,000 is a fine number.”

Scott Olson, executive director of the Community Home Lenders of America (CHLA), argued that while the threshold represents a small pool of eligible areas and borrowers, the measure could have an impact on the percentage of loans that are made below $100,000.

“Small things can have a big impact in these communities where their prices are really low, and so that’s why it’s a good thing,” he said. 

White added: “It’s the first-time homebuyer that’s going to benefit, the person who’s downsizing, the retired person who’s buying a $100,000 condo, or the person in a small house in rural North Carolina.”

Despite the doors that this provision is expected to open, Goodman said that one of the challenges with small-dollar mortgages is the mismatch between origination costs and loan sizes.

“It’s just so expensive to originate that you end up originating very few of them,” she said.

She pointed to the Illinois Housing Development Authority’s small-dollar mortgage program as a potential model. The program helps offset lender costs by providing additional compensation for originating smaller loans.

“The Illinois program was the first one that I’ve actually seen work,” Goodman said. “By eliminating the friction on the lender side, that actually helps a lot.”

Goodman said the key will be ensuring the incentives are large enough to change lender behavior. “If you give a lender $1 for originating this $2,000 loan, [they’re] probably not going to do it,” she said.

Institutional investors and private equity

The ROAD to Housing Act’s Title X, sometimes described as the “Home-Ownership for Main Street America” provision, responds to political pressure by addressing the role of institutional investors and private equity in single-family housing markets.

The provision would generally bar large institutional investors that control at least 350 single-family homes from acquiring additional properties, although the legislation includes broad exceptions for certain types of new construction such as build-to-rent, renovate-to-rent, homeownership and debt-enforcement programs.

The measure would not require investors to sell homes acquired before enactment and broadly defines both covered purchases and institutional control.

Kilmer said MBA’s analysis shows that while institutional investors can significantly affect specific metropolitan areas, they still represent a relatively small share of the overall market.

“Our economists would still suggest that this is probably 3% of the volume of investment in the total market,” he said.

An early version of the measure included a ban on certain institutional purchases of single-family homes with a long list of exceptions and a seven-year disposition requirement that would have effectively forced the sale of some build-to-rent communities, Kilmer said. MBA’s advocacy focused on unwinding these risks.

“The bill claimed to and had an explicit provision that would have exempted build-to-rent communities, but then it imposed a seven-year disposition requirement that would have forced the sale of those communities,” he said. “That ultimately was removed.”

White expects that limiting investor activity will have an eventual but not immediate impact because of the “disruption” that institutional investors did to “transitional neighborhoods,” which caused irreversible rent hikes.

“Think about this: We had institutional investors setting the rates of rents by what they did — and purchase prices by what they did, either up or down — scoring how they bought. This should solve the problem, but it’s not overnight,” he said.

Cassidy said that Title X follows President Donald Trump’s directive earlier this year about wanting to ban institutional investors. “He signed the executive order to prevent giant Wall Street corporations from buying up single-family homes, and Congress followed suit,” Cassidy said. “I believe, and I think President Trump does as well, that homes are for families, not for corporations.”

Others aren’t so sure the measures outlined in ROAD will curb investor activity.

“To some extent, this is yesterday’s issue, because what happened was coming out of the Great Recession in 2008 — like five years later — there was still demand for home purchases, so a lot of players got into the game of buying up a lot of properties and renting them out,” Olson said. “So I just think this is probably kind of late in the cycle to have that big an impact.”

Manufactured housing provisions, multifamily developments

Experts also pointed to manufactured housing reforms as one of the most consequential parts of the new law. The legislation removes the long-standing chassis requirement in the Department of Housing and Urban Development code for manufactured homes, clarifies HUD’s authority over manufactured and modular housing standards, and increases FHA loan limits for manufactured homes.

“It really opens the door for manufactured housing to play a bigger part in the housing ecosystem,” Cassidy said.

Kilmer said manufactured and modular housing reforms could become among the law’s most impactful provisions.

“In so many markets, you can’t really tell the difference between a stick-built and a modular home,” he said. “These building system-produced homes are really quality structures.”

Kilmer also pointed to the law’s increase in FHA multifamily loan limits as a major industry win, noting that the changes better reflect today’s construction costs. “I think one of the more consequential provisions in our view is the first increase in FHA multifamily loan limits since 2003,” he said.

Cassidy agreed, saying that the changes could expand opportunities for affordable housing development.

“FHA multifamily financing is alive and well, and it’s ready to adapt to the changing market,” he said.

While some experts expressed optimism about the provisions of the ROAD Act, they cautioned that its effects will not be immediate. Cassidy said that the agencies will play a central role in translating the legislation into real-world outcomes, but that the law ultimately recognizes that increasing housing supply will be essential to improving affordability.

“You can’t subsidize your way out of a housing crisis,” Cassidy said. “You can only build your way out of it.”

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Covius Services has completed the integration of Title365‘s newly acquired operations into Covius Settlement Services, finalizing an acquisition announced in 2025 and completed earlier this summer.

The integration combines Title365’s existing teams and technology with Covius‘s legacy title business, creating a single platform for title and settlement services.

“Bringing our two title operations together under Covius Settlement Services reflects the strength and scale of what we can now offer our clients, including a full range of origination, home equity and default title solutions,” said Joe Chappell, executive vice president of Covius Settlement Solutions. “Covius clients can efficiently access a broad array of digitally integrated products and services through Covius Connect’s APIs, all under a single [master services agreement].”

Blend Labs Inc. officially exited the title business with its sale of Title365 to Covius in June 2025. Blend acquired Title 365 from Mr. Cooper Group in 2021 for $422 million.

While it’s stepping away from title operations, leaders said Blend will continue to use the platform for title and closing services. The Title365 team, including president Kirby Hulbert, joined Covius’s settlement services division following the deal. Financial terms were not disclosed.

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

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The next constraint on economic growth may not be electricity or labor—it may be water. As data centers, semiconductor plants and advanced manufacturers race to expand across the United States, access to reliable water supplies is quietly becoming one of the most important factors determining where companies invest billions of dollars.

For decades, water was largely treated as inexpensive infrastructure that businesses could take for granted. That assumption is changing. Artificial intelligence data centers require enormous volumes of water for cooling, chip manufacturers depend on ultra-pure water throughout production, and rapidly growing regions in the Southwest are confronting tighter groundwater restrictions and increasing competition among industry, agriculture and residential development.

The result is a shift in corporate site selection.

Economic development agencies are finding that access to power is no longer enough to attract large industrial projects. Companies are increasingly evaluating long-term water availability alongside electricity, transportation, workforce and tax incentives before committing to new facilities. In several regions, local governments have delayed or reconsidered large projects because of concerns over future water demand.

Utilities are also entering a new investment cycle.

Water providers are expanding treatment capacity, replacing aging infrastructure, improving recycling systems and investing in technologies that allow industrial users to reuse water instead of continually drawing new supplies. Those projects require billions of dollars in capital spending and are creating opportunities for engineering firms, equipment manufacturers, construction companies and water-technology providers.

Corporate strategies are evolving as well.

Many manufacturers are redesigning facilities to reduce water consumption, while technology companies are investing in closed-loop cooling systems and water recycling to lower long-term operating costs and reduce regulatory risk. What was once considered an environmental initiative is increasingly becoming a financial decision that influences operating margins, expansion plans and investor perceptions.

The implications extend into commercial real estate.

Industrial parks capable of providing dependable water infrastructure are becoming more valuable, while regions facing persistent supply constraints may find it harder to attract new manufacturing investment regardless of tax incentives or available land. Developers, lenders and insurers are beginning to evaluate water availability as part of long-term project risk.

The broader shift reaches beyond utilities or environmental policy. Water is becoming an economic input that directly influences corporate investment decisions. Just as companies once competed primarily for access to highways, ports and low-cost electricity, they are now competing for something many businesses historically assumed would always be available.

For investors, the opportunity extends beyond water utilities themselves. Engineering firms, infrastructure contractors, treatment technology companies, industrial automation providers and equipment manufacturers all stand to benefit as businesses and municipalities spend more to secure dependable water supplies.

The companies best positioned for the next decade may not simply be those with the cheapest land or lowest taxes. They may be the ones located where the most basic resource required for growth remains dependable.

JBizNews Desk | New York

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Johnson & Johnson is attempting to do what three bankruptcy courts refused to let it do—put a predictable price on one of the largest product-liability battles in corporate America. Its proposed $5.5 billion settlement is more than another legal agreement; it represents a new strategy for resolving mass tort litigation that could influence how large companies handle similar crises for years to come.

The company announced the proposal on July 27, offering to resolve approximately 76,000 lawsuits alleging its talc-based baby powder caused ovarian cancer. The agreement would cover nearly all remaining ovarian cancer claims pending in federal multidistrict litigation in New Jersey and related state courts. To become effective, law firms representing at least 95 percent of eligible plaintiffs must agree to participate.

Unlike the company’s previous efforts, this proposal avoids bankruptcy altogether.

A Different Path Than Bankruptcy

That distinction is the real business story.

Johnson & Johnson spent years trying to resolve its talc litigation through bankruptcy by placing the liabilities into a subsidiary, arguing that the process would create a faster and more equitable outcome for claimants. Courts rejected that strategy three separate times, concluding the company was not in the kind of financial distress bankruptcy law requires.

Rather than continue appealing those decisions, the company changed course. The new proposal was negotiated directly with plaintiffs’ attorneys under the supervision of a court-appointed mediator, eliminating the legal uncertainty that ultimately doomed the earlier $9 billion bankruptcy settlement.

Although the new agreement carries a smaller headline number, it offers plaintiffs faster access to compensation. Johnson & Johnson expects to distribute roughly $3 billion in 2027, with remaining payments scheduled for 2028, compressing what could have been years of litigation into a significantly shorter timetable.

Why the Timing Changed

The negotiations were not driven solely by settlement fatigue.

Only days before the agreement was announced, the federal judge overseeing the multidistrict litigation ordered plaintiffs to explain why many remaining claims should not be dismissed after key expert witnesses withdrew testimony linking talc products to specific ovarian cancer cases. The development significantly strengthened Johnson & Johnson’s legal position and altered the balance of negotiations.

Company executives continue to maintain that decades of scientific research do not support claims that cosmetic talc causes ovarian cancer. Johnson & Johnson says it has prevailed in the majority of ovarian cancer cases tried to verdict and believes it would have continued winning had the litigation proceeded.

The courtroom record, however, remains mixed. While some juries have ruled in the company’s favor, others have awarded substantial damages to plaintiffs, illustrating the uncertainty that accompanies large-scale product liability litigation.

Why Investors Are Paying Attention

Financial markets are focused less on the settlement amount than on what it replaces.

For years, the talc litigation represented an open-ended financial liability with no clear endpoint. The proposed agreement converts that uncertainty into a defined payment schedule, giving investors greater visibility into future cash requirements while allowing management to concentrate on the company’s pharmaceutical and medical technology businesses instead of one of the most expensive legal disputes in its history.

Shares of Johnson & Johnson rose following the announcement, reflecting investor confidence that even an expensive settlement may ultimately be preferable to years of unpredictable courtroom outcomes.

What It Means for Business

The proposal carries implications far beyond Johnson & Johnson.

First, it signals that the so-called Texas Two-Step bankruptcy strategy has now been tested repeatedly against a financially healthy corporation and has failed each time. Companies facing mass tort litigation may become less willing to rely on bankruptcy courts as a primary resolution strategy.

Second, it demonstrates how quickly litigation economics can shift when courts challenge the scientific evidence supporting thousands of claims. A change in expert testimony helped reshape negotiations far more than years of courtroom arguments.

Finally, the agreement underscores the value investors place on certainty. Businesses can often absorb a large one-time financial obligation more easily than years of unpredictable legal exposure. Converting uncertain liabilities into scheduled payments allows companies to plan capital allocation, investment and growth with greater confidence.

The proposal is ultimately about more than baby powder. It is a test of whether negotiated certainty can replace prolonged litigation as the preferred strategy for resolving America’s largest corporate liability disputes. If Johnson & Johnson succeeds outside bankruptcy, boardrooms across corporate America are likely to study the model closely.

JBizNews Desk | New Brunswick, New Jersey

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Moderna has dosed its first volunteers in an early-stage trial of an mRNA vaccine targeting the Bundibugyo species of Ebola, the strain driving the outbreak that has swept through the Democratic Republic of the Congo since mid-May.

The Cambridge, Massachusetts-based company said Tuesday that Health Canada cleared the study and that initial participants have already received the shot, designated mRNA-1469. The trial will run at three sites in Canada and aims to enroll roughly 80 healthy adults to evaluate safety and immune response.

The authorization makes Canada the second country to launch a Phase 1 study of a Bundibugyo vaccine candidate, after the United Kingdom.

The candidate uses the same messenger RNA platform Moderna built its COVID-19 franchise on, repurposed to carry genetic instructions for a Bundibugyo virus protein. The work falls under an expanded partnership with the Coalition for Epidemic Preparedness Innovations, which has committed up to $50 million toward early testing and manufacturing.

A commercial test of the platform thesis

For Moderna, the trial is more than a humanitarian exercise. The company has spent the post-pandemic period arguing that its mRNA platform can be pointed at a new pathogen and moved into humans in months rather than years — a claim central to the valuation case for a business that has watched COVID revenue collapse. Moderna said the program was designed to move with urgency and that it was working to accelerate the candidate into a Phase 1 study within months, subject to regulatory review. It has now delivered on that timeline.

The CEPI arrangement also reflects how outbreak-response vaccine economics now work. Rather than a pharmaceutical company absorbing full development cost for a product with no commercial market, a publicly and philanthropically funded body underwrites the early stages. CEPI has struck parallel collaborations with Merck & Co. and the International AIDS Vaccine Initiative to advance additional candidates, alongside an $8.6 million partnership with the University of Oxford and the Serum Institute of India.

That structure spreads the risk across multiple technology platforms. The IAVI candidate uses the rVSV platform already prequalified by the World Health Organization for a different Ebola strain, while Moderna’s builds on prior mRNA research on Ebola viruses.

The competitive field

Moderna is not first out of the gate. A Bundibugyo-specific vaccine from Oxford University and the Serum Institute entered Phase 1 testing in Britain on July 24. That candidate, ChAdOx1 BDBV, uses the viral vector platform behind the Oxford/AstraZeneca COVID-19 vaccine and is being tested in 50 healthy adults aged 18 to 55.

The Serum Institute has already committed manufacturing capacity. It supplied 4,000 investigational doses for the trial and has 620,000 additional doses in storage. If Phase 1 succeeds, CEPI plans to back Oxford through late-stage trials aimed at emergency approval and licensure.

That stockpile matters. Whichever candidate clears safety and immunogenicity hurdles first, the constraint on deployment will be doses in a warehouse, not regulatory paperwork — a lesson from the 2014 West Africa epidemic that the current response has clearly absorbed.

Scale of the outbreak

The Congo outbreak is the second-deadliest on record, with more than 1,700 known deaths and over 3,800 infections since mid-May, as health teams have struggled to contain its spread. The WHO has described the epidemic as both the second-largest and fastest-spreading ever documented. Roughly 17,000 contacts of confirmed cases are under monitoring, with more than 80 percent receiving daily check-ups.

Bundibugyo was long treated as a rare variant, which is precisely why no approved vaccine or treatment exists for it. The licensed Ebola vaccines target the Zaire species.

Treatment research is running in parallel. A WHO-sponsored trial is operating at three clinical management facilities in Ituri province with ALIMA and Doctors Without Borders, enrolling more than 50 confirmed patients randomly assigned to experimental treatment options. A separate prophylaxis study led by Congo’s National Institute for Biomedical Research has enrolled more than 25 high-risk contacts to test whether a 10-day course of the oral antiviral Obeldesivir can prevent disease after exposure.

Vasee Moorthy, acting head of the WHO’s R&D Blueprint program, credited protocols drawn up before the epidemic began, telling reporters in Geneva that trials have started faster than in past Ebola outbreaks.

What comes next

Phase 1 results establish only safety and immune response in healthy volunteers, not protection against infection. A successful readout would move the candidate into larger studies to determine optimal dosing, monitor for rare side effects, and confirm real-world efficacy.

The commercial upside for Moderna is limited in the conventional sense — outbreak vaccines rarely generate meaningful sales. The strategic value lies in proving the platform can be redirected at speed, a capability that underpins the company’s pitch to government preparedness buyers and its argument for the broader pipeline.

JBizNews Desk | Cambridge, Mass.

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Yashar Party chairman Gadi Eisenkot called on Police Commissioner Insp.-Gen. Danny Levi to order an immediate investigation into the assault of a 76-year-old party activist who remains hospitalized after undergoing neurological surgery.

Ilan Mans, who heads the party’s Mevaseret Zion branch, was attacked last week near the Hemed Interchange on Highway 1 after attempting to remove a banner calling for the release of Yigal Amir, who murdered prime minister Yitzhak Rabin in 1995.

Footage from the scene showed several people surrounding Mans and assaulting him after he fell to the ground.

Mans was taken to Hadassah-University Medical Center in Ein Kerem with bleeding in his brain. Eisenkot said in a letter sent to Levy on Monday that Mans’s condition had required neurological surgery and that he remained hospitalized.

Attack could foreshadow political violence in run-up to election

“Violence of this kind, 84 days before election day, could be a grave indication of what awaits us during this period and cannot be tolerated,” Eisenkot wrote.

Israeli opposition leader and former military chief, Gadi Eisenkot, speaks on stage as he launches an election campaign for Yashar in Hod Hasharon, Israel, June 30, 2026.  (credit: REUTERS/AMIR COHEN)

He demanded a “comprehensive, thorough and rapid” investigation and called on police to arrest those responsible and bring them to justice.

Eisenkot said authorities must send a clear message, particularly during the election campaign, that political violence would not be accepted.

The incident follows a campaign calling for Amir’s release. A similar banner was displayed at the Ein Hemed Interchange in late June. 

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Palestine Action Canada and the Arms Embargo Now coalition have announced a coordinated, coast-to-coast “Day of Action” scheduled for August 13, calling on activists to mobilize outside the facilities of Canadian companies that supply components to defense contractor Elbit Systems.

Promotional materials released by the campaign urge activists to put local Elbit suppliers “on notice,” demanding that these businesses sever their commercial ties or “pay the political, financial, and reputational cost of complicity.” The organizers framed the upcoming demonstrations as an effort to enforce an unofficial arms embargo from the ground up, stating that the actions aim to make Canada’s involvement in the Gaza conflict “undeniable.”

To prepare activists for the coordinated actions, the coalition rolled out a specialized training workshop, posted to YouTube on June 25, 2026, led by prominent organizers including World BEYOND War Canada Organizer Rachel Small and Palestinian Youth Movement organizer Haneen Ismail.

During the instructional sessions, Small and Ismail walked participants through the logistics of targeting domestic supply chains, instructing activists on identifying local manufacturing plants, distribution centers, and offices that supply parts to Elbit Systems while encouraging participants to make business operations “politically toxic” for corporate leadership.

Activists provide detailed instructions for seeking, targeting Elbit-tied entities

The training further provided step-by-step instructions on utilizing advanced search tools, mapping software, and corporate registries to compile dossiers on businesses and track their supply chain links to military contractors. Presenter discussions centered on methods for building local pressure groups, staging informational pickets, and coordinating simultaneous actions across multiple provinces to maximize public visibility.

Complementing these digital resources, promotional campaigns featuring imagery of raised hands holding a hammer alongside a Palestinian flag have circulated online, bearing the slogan “Arms tired from waving flags? Workout with a hammer!” and advertising direct action training sessions.

The coalition also published a detailed digital toolkit outlining an eight-step mobilization process for activists. The instructions guide participants through assembling local teams, scouting target locations using mapping tools, planning logistics, and coordinating media outreach. The toolkit suggests various tactics for the August 13 events, including hosting informational pickets, organizing rallies outside corporate facilities, and plastering the surrounding areas with posters to publicly identify companies linked to the defense contractor.

As part of these preparatory efforts, the coalition has already compiled a cross-country target list consisting of 33 potential corporate and manufacturing sites across multiple provinces, ranging from British Columbia and Alberta to Ontario, Quebec, Nova Scotia, and Newfoundland, identified as allegedly having direct commercial or supply links to Elbit Systems and its subsidiaries, aiming to stage simultaneous demonstrations outside key industrial and manufacturing sites tied to military supply chains.

Meir Weinstein, director of the Canadian-based Israel Now movement and newly formed Jewish Defense Force, gave a statement to The Jerusalem Post: “[The] Jewish Defense Force is actively monitoring Palestine Action Canada and their associates. We have identified some locations that they plan to target on Thursday, August 13. We are discussing counter-protests. We have contacted some of the businesses that are on the target list.”

Jewish groups advocated for Palestine Action to be designated as terrorist organization

The campaign’s tactics and digital target mapping have faced sharp backlash from advocacy groups. In May 2026, B’nai Brith Canada urged the federal government to designate Palestine Action as a terrorist entity, pointing to the group’s dissemination of target maps and underground manuals that outline instructions for direct action and property disruption.

The group’s international counterpart has already faced severe regulatory consequences abroad. In July 2025, the UK government formally proscribed Palestine Action as a terrorist organization under the Terrorism Act 2000.

The ban followed an escalation of aggressive direct-action campaigns that involved breaking into defense facilities, occupying corporate roofs, utilizing pyrotechnics during building evacuations, and causing millions of dollars in extensive property damage to military and technological infrastructure, including an incident where activists sprayed red paint on Royal Air Force aircraft at Brize Norton.

This post was originally published on here. 

Ireland’s new government jet, which cost the republic €53m., was purchased without FalconEye, a technology co-developed by Dassault Falcon and Israeli defense giant Elbit Systems, that is essential for the aircraft to land in foggy weather, local media reported on Tuesday.

FalconEye sits on the plane’s nose and helps it to land in foggy weather, or in other weather conditions that limit visibility, Irish outlet The Journal noted.

According to Dassault Falcon’s official website, it is “an advanced combined vision system (CVS) developed by Dassault Aviation in partnership with Elbit Systems. Designed for executive and military jets, it merges enhanced real-world video (EVS) with database-driven synthetic terrain mapping (SVS) to provide pilots with unprecedented situational awareness in zero-visibility conditions like fog, snow, or darkness.”

Dublin’s Defense Department denied the issue, saying the new aircraft has “no current limits” on its operational capability.

The jet, a Dassault Falcon 6X, is primarily used to transport the Irish Taoiseach (prime minister), as well as other government ministers and officials, when traveling on official state business.

A man wearing a mask depicting Ireland’s Taoiseach (Prime Minister) Micheal Martin holds a poster and props during a protest in support of Palestinians in Gaza to mark the 77th anniversary of the ''Nakba'', or ''catastrophe'', in Dublin, Ireland, May 17, 2025. (credit: Clodagh Kilcoyn/Reuters)

The new jet was delivered in December 2025, and can carry 14 passengers. It replaced the government’s Lear Jet, and is operated by the Irish Air Corps (the military’s air force).

The FalconEye provides “the ability to land in fog when other aircraft would have to divert to another airport,” former IAC pilot Kevin Phipps was cited by The Journal as saying.

Irish PM promises not to purchase equipment featuring Israeli technology

Taoiseach Micheal Martin, in 2024 when serving as foreign minister, said that Ireland would not purchase equipment that features Israeli-made products, Irish media cited.

Despite this, The Journal found that four helicopters belonging to the IAC were delivered with flight systems co-developed by Elbit and Airbus, as “the craft cannot be built without them.”

Additionally, a maritime patrol craft was delivered with an Israeli-made radar, The Journal added.

This post was originally published on here. 

The High Court of Justice on Tuesday ordered Justice Minister Yariv Levin to clarify whether he intends to advance senior appointments to the Police Investigation Department (PID) before the October 27 election.

Levin and the Attorney-General’s Office were given until Sunday to state whether they plan to proceed with appointments created under the law separating the department, known in Hebrew by the acronym Mahash, from the State Attorney’s Office.

The court specifically asked whether the government intends to appoint the department’s director, members of the committee that will select the director, and a retired judge responsible for coordinating investigations involving police officers.

The three-justice panel said the response must address Supreme Court precedent requiring particular restraint in senior public-sector appointments during an election period. It will decide how to continue handling the petitions after receiving the filing; at present, it is seeking to establish whether Levin plans to move forward before deciding whether temporary intervention is necessary.

The order was issued by Supreme Court Chief Justice Isaac Amit, Deputy Chief Justice Noam Sohlberg, and Justice Daphne Barak-Erez as part of three petitions challenging the restructuring of the department.

President of the Supreme Court Isaac Amit speaks during a swearing-in ceremony for newly admitted lawyers in Jerusalem, July 28, 2026. (credit: FLASH90)

The petitions were filed by the Movement for Quality Government in Israel, the Academia for Democratic Israel and other petitioners, and the Israel Bar Association. They have asked the court to suspend implementation while their broader challenges are considered.

Israeli law does not impose an absolute prohibition on appointments during an election period. Courts have, however, required governments to exercise greater restraint when making senior or long-term appointments that could bind the next government. Appointments may still proceed where a position must urgently be filled or where delay would significantly harm the public interest.

Law removes PID from State Attorney’s Office, establishes separate Justice Ministry

The law, passed by the Knesset in June, removes PID from the State Attorney’s Office and establishes it as a separate Justice Ministry department with authority to investigate suspected crimes by police officers and prosecute cases arising from those investigations.

Its supporters argue that the existing structure creates an inherent conflict of interest because prosecutors work closely with the police in ordinary criminal cases while overseeing the body responsible for investigating police misconduct.

They say separating PID from the prosecution will strengthen its independence, improve public confidence and allow it to investigate police officers without relying on officials who routinely cooperate with them.

Attorney-General Gali Baharav-Miara and the petitioners argue that the new structure would replace that possible conflict with political dependence.

They contend that Levin would have substantial influence over the committee responsible for selecting the department’s director, while the Justice Ministry would control the department’s budget and administration. In their view, that arrangement could affect the independence of officials handling politically sensitive investigations.

A-G asks High Court to freeze steps to establish new department 

The attorney-general has asked the court to freeze the selection committee, the senior appointments and other steps required to establish the new department until the petitions are decided.

The government and Knesset argue that the legislation falls within the Knesset’s authority to restructure law-enforcement bodies and that the court should not prevent the law from taking effect before examining the full arguments against it.

The Movement for Quality Government welcomed Tuesday’s order.

Movement chairman Eliad Shraga said the decision showed that election-period appointment rules could not be disregarded, particularly in relation to a sensitive law-enforcement position. He said that if Levin proceeds with the appointment process, the court may have to rule on the petitioners’ request for an interim order.

“PID must remain an independent body,” Shraga said, adding that irreversible steps should not be taken before the court rules on the petitions or voters go to the polls.

Levin and the Attorney-General’s Office are required to file their response by August 9. The court will then decide whether to issue temporary orders, request further arguments or schedule the petitions for continued consideration.

This post was originally published on here. 

Aurora Therapeutics, a startup focused on building personalized gene-editing drugs, has scrapped its lead program and slashed staff, just seven months after it launched, STAT has learned. 

A company spokesperson declined to say how many employees were laid off, or whether any of the startup’s three-person leadership team would stay on. Aurora’s chief scientific officer left the company earlier this year. 

The company appears to have been undercut by Beam Therapeutics, a larger and more established competitor. Just a month after Aurora launched, Beam announced it was already advancing its own set of custom gene editors for the exact same disease. 

Continue to STAT+ to read the full story…

This post was originally published here. 

I’ve been in real estate long enough to know the difference between an agent with a license and an agent with a following. One of them is replaceable, while the other one has a waitlist of eager buyers.

Today, I oversee more than 1,100 agents across Florida, and every year I watch highly talented people underperform because no one outside their immediate circle knows they exist. And then I watch other agents, sometimes even  less experienced ones, build thriving businesses because people trust them long before they ever shake hands.

The gap between the two is personal branding, and in this article I’m going to teach you how to close that gap and build a more successful career in real estate.

What branding actually means

Forget the logo. Forget the slogan. Those things are just decoration on top of the actual brand.

Your brand is the answer to a question your potential clients are asking before they ever call you: Who is this person, and can I trust them with something this important?

Every agent already has a brand, but most agents just haven’t thought much about it. 

If you’ve been winging it, the reputation you have right now is one you built by accident, and it’s probably not a strong one. If it’s the latter, it’s likely a big part of why your phone isn’t ringing as often as you want it to.

Figure out what makes you the obvious choice

I often ask our agents who feel stuck: “If a potential homebuyer called three agents today, why would they pick up the phone and call you back first?”

If you can’t answer that in a way that clearly demonstrates your value, that’s your starting point.

Your edge doesn’t have to be dramatic, but it does have to differentiate you from the millions of other agents out there. Maybe you’ve sold more homes in one zip code than anyone else working it. Maybe you came from property management and understand investment properties in a way most residential agents don’t. Maybe you went through a short sale yourself and can sit with a distressed seller in a way that doesn’t feel scripted.

Whatever that thing is, lead with it. Stop burying it at the bottom of a generic bio nobody reads.

Narrow your focus and watch your business grow

I know it feels backwards. Turning away potential clients seems like the wrong move, especially early in your career. But trying to present yourself as the right agent for every buyer and seller in your market is a recipe for failure.

When someone sees your content and thinks “This person works with people exactly like me,” something clicks, and often, they stop shopping around and reach out pretty quickly.

Pull up your last ten closed transactions. What patterns do you see in the clients you enjoyed working with most? That’s your audience. Start talking directly to them and stop worrying about everyone else.

Consistency is the part most agents skip

Here’s where a lot of agents fall apart. They put together a strong bio, post a few good things on social media, and then go quiet for six weeks. Or they’re warm and personable in person but their website reads like a legal disclaimer.

People are paying attention to all of it. Your email tone, your voicemail message, how you respond to a first inquiry, the way your listing photos are presented. It all adds up to create an impression.

Pick a voice that’s actually yours and use it everywhere. Not an overly polished version of you. Just the real you. The agents who connect best with clients are usually the ones who are comfortable being straightforward on camera, in writing, and in person.

Your background is more useful than you think

I’ve watched agents with impressive credentials get passed over for agents who told a better story. Not a made-up story though—a real one based on their background, mission, and principles.

If you grew up in the neighborhood you sell in, that’s relevant. If you spent years in a completely different industry before getting your license, there’s something in that background that shapes how you work. If you’ve bought and sold your own homes through difficult circumstances, you understand what your clients are actually going through.

Don’t save that for the fourth meeting. Put it where people can find it early. It’s often the thing that turns a curious tire kicker into a legitimate client.

Giving away useful information is not a risk

Some agents hold back on sharing what they know because they worry it makes them less necessary. In reality, it’s actually the opposite.

When you explain something clearly, whether it’s what happens at a title closing, what buyers should ask during a walkthrough, or what a particular market shift actually means for someone trying to sell right now, you prove you know what you’re doing. People remember who taught them something useful.

Post the market update even if only 40 people see it. Answer the common question in a short video even if it feels obvious to you. Over time, being the agent who explains things builds more credibility than any award or designation.

Every transaction is a branding moment

Your marketing gets attention. Your behavior during a deal builds the reputation.

Did you actually explain what was happening at each step, or did you just tell people what to sign? Did you advocate for your client when something came up, or did you take the path of least resistance? Did you follow up after closing, or did you disappear once the commission hit?

Past clients are either out there telling people you were great to work with or they’re not mentioning you at all. There’s not much in between. The agents who get consistent referrals earned them during the transaction, not because of what they posted afterward.

Staying visible is a long game

You don’t need to be everywhere, but you do need to show up consistently and make it worth people’s time to consume your content and engage with you.

A monthly email. A weekly post. A phone call to a past client just to check in. These things feel small in the moment, and over time, your efforts compound  into a business that feeds itself.

The agents I’ve seen burn out on marketing are usually the ones who treated it like a sprint. This is a long game. So pick the two or three things you can actually sustain and do them without stopping.

Your brand is built one day at a time

No one in this business woke up one morning with a strong personal brand.  They built it through years of showing up, doing good work, and being someone worth recommending. That’s the whole strategy.

Derek Carlson is the president and managing broker of Realty ONE Group MVP, a Florida based real estate brokerage firm with over 1,100 Realtors.

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

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

This post was originally published on here. 

A lot of people I’ve encountered throughout my career were convinced that home buying after bankruptcy is a no go. I’ve spent years telling them otherwise.

I’ve been a real estate broker in Florida for a long time, and I now work with more than 1,100 agents across the state. In that time, I’ve watched clients go from discharged bankruptcy to closing day — sometimes faster than anyone expected. I’ve also watched agents lose those clients because they assumed the deal was dead before it started.

Bankruptcy is a legal process, not a life sentence. If you understand how it works and you’ve built the right team around you, these buyers are absolutely in play.

How bankruptcy actually affects the home buying process

There are two types most agents will encounter: Chapter 7 and Chapter 13.

Chapter 7 clears out most unsecured debt. Chapter 13 sets up a repayment plan that plays out over several years. The distinction matters because different loan programs treat them differently—and the waiting periods vary depending on which type your client filed.

What surprises a lot of agents is that the bankruptcy itself isn’t always the biggest hurdle. Lenders are looking at the whole picture: income stability, how the client has managed credit since filing, and whether they have enough savings to actually close. Someone who filed Chapter 7 three years ago and has been financially responsible since may be in better shape than a buyer with no bankruptcy history but a pile of revolving debt.

Don’t assume. Ask.

Know the basics, but don’t pretend to know more

You’re not a mortgage officer, and you shouldn’t act like one. But a working knowledge of the major loan programs goes a long way.

Conventional loans generally carry longer waiting periods after bankruptcy than FHA loans do. VA loans can offer real flexibility for eligible veterans. USDA loans follow their own guidelines entirely. And beyond the program minimums, individual lenders often have their own overlays on top of those.

The guidelines also shift. What was true two years ago may not be true now.

My standing advice to every agent on my team: Don’t give clients a firm answer on financing. Get them to a lender who knows post-bankruptcy files. That one step eliminates more problems than almost anything else you can do early in the process.

Some of these buyers are closer than you think

I’ve seen agents mentally write off a buyer the second they mention bankruptcy. That’s a mistake.

If your client is working steadily, has kept up with bills since the discharge, has rebuilt their credit score, and has money saved—they may qualify sooner than either of you expects.

A few questions I ask early in every one of these conversations:

  • When was the bankruptcy discharged?
  • Have you talked to a lender yet?
  • How long have you been at your current job?
  • Have you pulled your credit recently?

Those four questions tell you almost everything you need to know about where the client stands. And they’re easy to ask without making someone feel like they’re being interrogated.

The team matters more than anything

No agent should try to navigate a post-bankruptcy purchase alone.

The most important relationship you can build is with a loan officer who handles these files regularly. Not every lender does. Find one who does, and keep them close. They’ll know which programs fit and which ones don’t, and they’ll know how to walk the client through what comes next.

Beyond that, relationships with bankruptcy attorneys, financial coaches and title companies familiar with these transactions make the whole thing run more smoothly. This is not the file where you want to be figuring things out as you go.

Be honest with your clients about the timeline

Some clients will be ready to move now. Others will need six months. Some may need a year. Say so clearly.

Buying a home is the largest financial commitment most people ever make. If waiting a little longer puts your client in a position to actually stay in that home and thrive, that’s a better outcome than rushing them into something they can’t sustain.

People who have been through bankruptcy often carry a lot of shame about it. They’re not looking for judgment. They’re looking for someone who takes them seriously and helps them think clearly. That’s your job.

Help them use the waiting period to their advantage

If your client isn’t quite ready, you can still be useful.

Tell them to make every payment on time, no exceptions. Remind them to stay away from new debt. Encourage them to save whatever they can toward a down payment and closing costs. Suggest they start organizing financial documents now so they’re not scrambling when the lender asks for them.

None of that is financial advice. It’s common sense guidance that keeps your client moving in the right direction while you stay in their corner.

Keep the home search grounded in reality

Once your client is pre-approved, focus on staying inside that number — not pushing the edge of it.

Make sure they understand the full cost of owning a home. The monthly payment is just the start. Property taxes, insurance, HOA fees, and maintenance all factor into what they can actually afford. For buyers rebuilding after hardship, getting into a home is only half the job. The other half is making sure they can stay there.

Watch for the mistakes that sink deals

A few things I see derail these transactions more than anything else:

  • Buyers who start touring homes before talking to a lender.
  • Clients who finance a car or open new credit in the weeks before closing.
  • Agents who assume all lenders work the same way.

The fix is simple but requires consistency. Get the lender involved early. Keep talking throughout the process. Remind your client—more than once—not to make any major financial moves until after they have the keys.

Lead with empathy and the business will follow

Helping someone buy a home after bankruptcy isn’t a transaction I treat like any other.

For a lot of these buyers, closing day means something. It’s confirmation that they came back from something hard and built something real. I’ve been in that room. I’ve seen what that moment looks like for people who didn’t think they’d get there.

The agents who understand that—who take the time to educate rather than dismiss, to guide rather than judge—those are the agents clients come back to. And send their friends to.

The more fluent you become in how post-bankruptcy lending works, the more of these opportunities you’ll recognize. And the more lives you’ll actually change along the way.

Derek Carlson is the president and managing broker of Realty ONE Group MVP, a Florida based real estate brokerage firm with over 1,100 Realtors.

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

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

This post was originally published on here. 

Mayor Zohran Mamdani said Monday night that shoppers will not have to show identification at New York City’s planned municipal grocery stores, rejecting a claim that had spread across social media for most of the day. His office said anyone will be able to shop at the stores regardless of residency or income without presenting identification, and that what a city official had described was a voluntary loyalty-card concept rather than an identification requirement.

The denial answers one question while leaving a more significant one unresolved. More than a week after announcing the program, City Hall has yet to explain how it will determine who qualifies for the discounts it has promised, or how that policy would be enforced at checkout.

The confusion began during the July 27 press conference unveiling the proposal. Asked how the city would prevent abuse of the program, Mamdani said the stores were intended to help New Yorkers put food on the table, “not a program for people to be able to make a quick buck through reselling.” He then turned to Jeanny Pak, interim president and chief executive of the New York City Economic Development Corporation, who described what she called a possible “library card-esque thing” to help manage purchases and target New Yorkers.

Republican lawmakers quickly seized on the remark, arguing it exposed a double standard compared with Democratic opposition to voter identification laws. Senator Rick Scott of Florida called the proposal hypocritical, and the comparison spread widely through conservative media. Critics also pointed to the New York City chapter of the Democratic Socialists of America, of which Mamdani is a member, for its longstanding opposition to voter ID legislation.

The administration argues the comparison is misplaced because a voluntary loyalty program is not the same as a government identification requirement. On that narrow point, City Hall has a defensible position. What remains unanswered, however, is how the city intends to verify eligibility if discounted prices are ultimately meant to benefit New Yorkers, and no formal policy has yet been released. The first municipally owned grocery store is expected to open in the Bronx by the end of 2027, with five stores planned before the end of Mamdani’s first term.

That unresolved question carries significant business implications. The city is proposing to subsidize grocery prices by roughly 30% on selected essential goods while competing directly with existing private retailers. Yet officials have not detailed who qualifies for those discounts, how resale would be prevented, what verification system would cost, or which agency would administer it.

The competitive stakes extend well beyond City Hall. New York City’s grocery market already includes more than 1,100 supermarkets and roughly 10,000 bodegas. Many are immigrant-owned family businesses operating on single-digit profit margins, now facing the prospect of competing against taxpayer-backed stores whose financial losses would ultimately be absorbed by the same taxpayers who shop there.

The Multicultural Business Coalition, an immigrant-led coalition representing business organizations across New York City, has already authorized legal action challenging the proposal. During its July 27 board meeting—the same day the mayor announced the initiative—the coalition approved a resolution authorizing litigation over the municipal supermarket plan. Frank Garcia serves as chairman of the coalition, Ken Roldan as president, Duvi Honig as secretary, and Mark Jaffe as legal counsel.

The coalition’s objection is not to lower food prices. It is to the city entering the retail grocery market as both owner and price-setter while existing neighborhood businesses receive neither comparable support nor a meaningful role in shaping the program.

For now, City Hall has answered one question: shoppers will not be asked to show identification. The larger operational question remains unresolved. If the city intends to reserve discounted prices for New Yorkers, it has yet to explain how that policy will work in practice. Until those rules are published, the debate is likely to shift from identification to the broader question of how the program itself will operate.

JBizNews Desk | New York

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

Crown Heights takes the crown for the best landscaped block in Brooklyn once again. The Brooklyn Botanic Garden on Tuesday named Lincoln Place between New York Avenue and Nostrand Avenue as the winner of its annual “Greenest Block in Brooklyn” competition, the fourth time the block has come in first. As a whole, the neighborhood is no stranger to the green accolades: a residential block in Crown Heights has won four of the last five contests.

The gardening committee P.L.A.N.T.

The free annual competition, with 2026 marking its 30th year, aims to promote streetscape gardening and neighborhood connection throughout Brooklyn. All residential and commercial blocks, as well as community gardens, are invited to enter.

This year, 139 blocks entered the competition, 47 of which were first-time entrants, a record high according to the garden. Blocks represented the diversity and breadth of the borough, from Bath Beach to Greenpoint. The panel of judges came from the Brooklyn Botanic Garden and local horticulture professionals.

The winning residential block for this year, Lincoln Place between New York Avenue and Nostrand Avenue, also won in 2024, 2022, and 2019. The block’s gardening committee “P.L.A.N.T.” organizes the block’s landscaping, and members mentor groups who want to learn about gardening in their community.

“We at P.L.A.N.T. are incredibly proud to have started this ad hoc group seven years ago. Since then, we have made a meaningful difference not only in Brooklyn, but throughout New York City,” P.L.A.N.T.’s committee said in a statement.

“This year’s theme, ‘When the Big Apple Goes Green,’ reminds us that New York becomes stronger and more beautiful one block at a time. Our greening efforts have brought neighbors together around a shared purpose, proving that when a community plants with pride and works side by side, the Big Apple truly grows greener from the ground up.”

Last year, the garden named a stretch of Eastern Parkway between Franklin Avenue and Bedford Avenue as the greenest.

In addition to the greenest block in Brooklyn, the contest honors the greenest storefront, the best street tree beds, the best community garden streetscape, the best window box, and the rookie of the year.

This year’s second place winner was a tie between the L&S Jefferson Avenue Block Association for their work on Jefferson Avenue between Lewis and Stuyvesant Avenues in Bed-Stuy and Bay Ridge Blooms, which manages Ridge Boulevard between 71st Street and Ovington Avenue. The third greenest block is on East 92nd Street between Church Avenue and Avenue A in Canarsie, landscaped by the Canarsie Carailles.

BBG awarded Hsi Ling Chang Fine Woodworking in Boerum Hill as the greenest storefront, followed by Fishbone and Best Bites, both in East Flatbush, tied for second place. Tied for third place were Luu’s Auto Shop in Boerum Hill and Grassroots Bklyn in Crown Heights.

“Brooklyn Botanic Garden’s Greenest Block in Brooklyn competition has been a beloved tradition for 30 years, celebrating our neighbors who make our borough a more beautiful and welcoming place to live,” Sonal Bhatt, vice president of education at Brooklyn Botanic Garden, said.

“Congratulations to this year’s winners, P.L.A.N.T., and to all of this year’s participants. Your creativity and dedication embody the spirit of the contest and help make Brooklyn greener, one block at a time. BBG is proud to support this important community work.”

See the full list of winners here.

RELATED:

The post The greenest block in Brooklyn is in Crown Heights again first appeared on 6sqft.

This post was originally published here. 

The biggest change in U.S. manufacturing isn’t simply that companies are building more factories—it’s where they are building them. Corporate America is increasingly redesigning supply chains around North America, replacing the decades-old model of producing goods as far away and as cheaply as possible with one that prioritizes speed, resilience and geopolitical stability.

That shift is redirecting billions of dollars into new factories, warehouses, rail networks and logistics infrastructure across the United States and Mexico, creating one of the largest industrial investment cycles in a generation.

For years, manufacturing strategy centered on minimizing labor costs. Today, executives are calculating a very different equation. Tariffs, geopolitical tensions, shipping disruptions, inventory costs and national security concerns have made supply-chain resilience a competitive advantage rather than simply an operational goal.

The result is a growing wave of “nearshoring.”

Instead of relying exclusively on Asia, manufacturers are expanding production closer to their largest customer base. Mexico has become a major beneficiary because of its proximity to the United States, established manufacturing ecosystem and duty-free access under the U.S.-Mexico-Canada Agreement. At the same time, American states are attracting record investment in semiconductors, electric vehicles, aerospace, pharmaceuticals and advanced manufacturing.

The ripple effects extend far beyond factory floors.

Railroads, trucking companies, ports, industrial developers and warehouse operators are investing heavily to accommodate growing cross-border trade. Demand is also rising for automation, robotics and industrial software as manufacturers seek to offset higher labor costs while improving productivity.

For businesses, the economics are changing.

A shorter supply chain allows companies to reduce inventory, respond more quickly to customer demand and lower exposure to disruptions ranging from port congestion to geopolitical conflict. Those benefits increasingly outweigh the savings that once came from locating production thousands of miles away.

China remains a critical manufacturing hub, but the strategy has evolved.

Rather than abandoning Chinese production entirely, many corporations are adopting a “China Plus One” approach—maintaining operations in China while building additional capacity elsewhere to diversify risk. The objective is no longer finding the cheapest country. It is avoiding dependence on any single one.

Investors are also beginning to recognize a broader trend.

The companies benefiting most from nearshoring are not limited to manufacturers themselves. Industrial real estate, engineering firms, automation providers, logistics companies, construction contractors and infrastructure suppliers all stand to gain as businesses continue investing in regional production networks.

The broader business story is that supply chains are becoming strategic assets rather than cost centers. Corporate America is no longer optimizing only for efficiency—it is optimizing for certainty. In a world where geopolitical shocks can disrupt production overnight, proximity, flexibility and resilience are becoming just as valuable as low-cost labor.

That transformation may ultimately prove to be one of the defining business shifts of the decade.

JBizNews Desk | Washington

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

Israeli researchers have identified a biological mechanism by which a widely prescribed, decades-old medication appears to block cancer from spreading to other organs — a finding the team says could open the door to a low-cost treatment built entirely from drugs already sitting on pharmacy shelves.

The peer-reviewed research, conducted at the Weizmann Institute of Science in Rehovot and published in July in the journal Cancer Research, shows that sildenafil interferes with the cholesterol supply that cancer cells depend on when they migrate to new tissue. Deprived of that cholesterol, the cells lost the ability to metastasize.

Dr. Yarden Ariav led the work in the laboratory of Prof. Ayelet Erez, a practicing physician who also serves as dean of Weizmann’s Miriam and Aaron Gutwirth Medical School. The project brought in researchers from Prof. Eytan Ruppin’s lab at the U.S. National Cancer Institute, the Innovation Division of Clalit Health Services — Israel’s largest health provider — and clinicians and scientists at Rabin Medical Center.

Sildenafil was originally developed as a cardiovascular medication because of its effect on blood vessels, and it remains in use for conditions including pulmonary hypertension. It is off-patent, inexpensive and available worldwide, which is a central part of why the Israeli team believes the finding can move quickly from the laboratory toward patients.

How the mechanism works

Using high-resolution cellular imaging, the researchers tracked what happened inside tumor cells in real time. The drug rapidly blocked an enzyme called phosphodiesterase type 5, which in turn produced a surge in a chemical messenger known as cyclic GMP. That messenger trapped the protein responsible for ferrying cholesterol through the cell — effectively cutting off the fuel line metastatic cancer cells rely on to invade other organs. The result was a significant drop in the number of metastases.

The cancer cells did not surrender easily. Once the transported cholesterol was locked away, the tumor cells switched on their own internal production line to manufacture more of it. That is when the researchers added statins, the cholesterol-lowering drugs taken by more than 200 million people globally according to Johns Hopkins University. The two medications worked in tandem, holding cholesterol down and keeping the cancer from spreading.

Laboratory testing concentrated on triple-negative breast cancer, melanoma and lung cancer, using mouse models alongside cultures of cancer cells taken from human patients.

Confirmed against 20 years of patient records

The laboratory results were then tested against real-world data covering roughly five million Clalit members over two decades — an unusual advantage of Israel’s centralized digital health records, which have made the country a repeated testing ground for population-scale medical research.

Dr. Samah Hayek, senior epidemiologist at Clalit Health Services and a senior lecturer in Tel Aviv University’s Department of Epidemiology and Preventive Medicine, examined outcomes for cancer patients who had been taking these medications in the six months before their diagnosis. Survival rates were highest among patients who had been on both sildenafil and statins during that window. Hayek said the epidemiological analysis adjusted for a wide range of confounding factors and still matched what the Weizmann team had observed in the laboratory.

The patient data confirmed the mouse findings for lung, colon and prostate cancer, Erez said.

Dr. Ido Wolf, head of the oncology division at Tel Aviv Medical Center and head of Tel Aviv University’s medical school, who was not involved in the research, said the study identifies a previously unrecognized vulnerability in metastatic disease — the dependence of migrating cancer cells on cholesterol, and the possibility of disrupting how that cholesterol moves inside the cell. He noted that the authors backed the mechanism with population-scale clinical data, and said the findings demonstrate the potential for “rapid drug repurposing” using well-established, widely available medications.

What comes next

Erez said the priority now is a clinical trial testing the approach in women with triple-negative breast cancer, an aggressive form of the disease with limited treatment options. Because both medications are already approved and long established in clinical use, the regulatory path is considerably shorter than for a newly developed compound — the difference between a trial that can begin in the near term and a drug development cycle that typically runs a decade or more and costs billions.

Erez also drew a broader conclusion from the work: that oncology research focused narrowly on tumor mutations and the tumor’s immediate environment is missing part of the picture. Diet, physical activity and the other medications a patient is already taking all belong in the equation, she said, and patients should be evaluated as whole organisms rather than as isolated tumors.

JBizNews Desk | Rehovot, Israel

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

Yair Golan’s service to Israel deserves respect. A former IDF deputy chief of staff and major-general, he has contributed greatly to the country’s security. He is also obviously entitled to hold left-wing views, oppose the government, and seek to replace it through democratic elections.

Precisely because Golan leads a party called the Democrats and aspires to govern, his own democratic instincts deserve scrutiny. Democracy is tested not only by the causes a politician supports, but by how he treats opponents, public institutions, and media outlets he regards as hostile.

Over the past two years, Golan has repeatedly used language that sits uneasily with the values he claims to defend.
In December 2024, during the controversy over proposals to dismiss Attorney-General Gali Baharav-Miara, Golan declared that any coalition member voting for her removal would become “a full partner in a crime, in the dismantling of democracy and in treason against the State of Israel.”

One may believe that dismissing the attorney general would be reckless or profoundly damaging. But “treason” is not ordinary political criticism. It places a legal and constitutional dispute outside the realm of legitimate disagreement. Once political rivals become traitors, alternation in power begins to resemble a struggle between patriots and enemies.

That same month, after an investigative report raised questions about Police Commissioner Daniel Levy’s relationship with figures close to the Netanyahu family, Golan warned him that Prime Minister Benjamin Netanyahu and National Security Minister Itamar Ben-Gvir “will not always be here to protect you,” adding that after the government changed, “if necessary, we will settle accounts with you as well.”

Yair Golan addresses the crowd at the Democrats Party primaries in Tel Aviv on July 20, 2026. (credit: AVSHALOM SASSONI/MAARIV)

Golan was entitled to demand an investigation. Yet “settle accounts” is the language of political retribution, not institutional accountability. Investigators, prosecutors, and courts should examine suspected misconduct. Opposition leaders should demand due process, not imply that a change of government will bring personal reckoning.

The same problem appeared in May 2025, when Golan said that “a sane country does not wage war against civilians, does not kill babies as a hobby, and does not set itself the goal of expelling a population.” He later clarified that his attack was directed at the government and praised IDF soldiers as heroes. That clarification matters, but does not erase the original formulation.

An Israeli leader, particularly a former general, knows such words will be heard beyond the domestic arena. They can be used to portray Israel and its soldiers as deliberately murderous.

Severe criticism of government policy is legitimate; language echoing the most inflammatory accusations against Israel is neither responsible nor necessary.

‘Cleaning up’ the government is not an inclusive, democratic sentiment 

In September 2025, before David Zini had begun serving as head of the Shin Bet (Israel Security Agency), Golan announced that a future government led by his camp would remove him and “clean up the civil service.” He added that appointments made by the current government would be reviewed and replaced if they had departed from the democratic path.

A new government may reconsider certain senior appointments and investigate improper politicization. But announcing that the civil service must be “cleaned up” risks replacing one alleged loyalty test with another. The permanent state apparatus belongs neither to Netanyahu nor to Golan.

At the end of 2025, Golan promised that his camp would close Channel 14, which he described as propaganda rather than legitimate media. He later said it would be transformed into “real media.”

Channel 14 is openly ideological and entirely open to criticism. But governments should not decide which broadcasters qualify as genuine media. If a channel violates regulations or the law, regulators and courts should address specific violations. The democratic answer to partisan media is stronger standards, competition, and pluralism – not closure by political decree.

Golan’s response to the deadly events near Gilad Farm in July 2026 raised a related moral concern. He expressed regret for the loss of “Israeli and Palestinian lives alike” and called for everyone involved in violence to be prosecuted. 

Compassion for every innocent life is essential. Yet his wording did not distinguish between the two Israelis who died, Maj. Yuval Ezra and Benayahu Mellet, and the Palestinian whom the IDF identified as an attacker who seized a weapon and opened fire.

Golan then moved rapidly from mourning the dead to blaming the government, illegal outposts, and extremist settlers for creating an explosive reality. Those issues deserve debate, and the entire incident should be investigated. But political context must not erase individual responsibility.

Recognizing everyone’s humanity does not require placing victims and an armed attacker on the same moral plane. A national leader should first express condolences to the Israeli families and condemn the shooting unambiguously, before moving to the political argument.

Israeli democracy cannot be protected through a monopoly on democratic virtue. It requires restraint when describing opponents, respect for due process, tolerance of hostile media, and recognition that public institutions must survive government changes without becoming instruments of revenge.

Golan presents himself as a defender of Israeli democracy. To make that claim convincing, he must show that democracy protects not only the people and institutions he values, but also the opponents, officials, and journalists he distrusts.

A democratic leader is measured by whether he continues to recognize them as legitimate participants in a shared political order.

The writer is an Israeli educator and former director of the TALI Education Fund and the Hebrew University of Mexico.

This post was originally published on here. 

Yair Golan’s service to Israel deserves respect. A former IDF deputy chief of staff and major-general, he has contributed greatly to the country’s security. He is also obviously entitled to hold left-wing views, oppose the government, and seek to replace it through democratic elections.

Precisely because Golan leads a party called the Democrats and aspires to govern, his own democratic instincts deserve scrutiny. Democracy is tested not only by the causes a politician supports, but by how he treats opponents, public institutions, and media outlets he regards as hostile.

Over the past two years, Golan has repeatedly used language that sits uneasily with the values he claims to defend.
In December 2024, during the controversy over proposals to dismiss Attorney-General Gali Baharav-Miara, Golan declared that any coalition member voting for her removal would become “a full partner in a crime, in the dismantling of democracy and in treason against the State of Israel.”

One may believe that dismissing the attorney general would be reckless or profoundly damaging. But “treason” is not ordinary political criticism. It places a legal and constitutional dispute outside the realm of legitimate disagreement. Once political rivals become traitors, alternation in power begins to resemble a struggle between patriots and enemies.

That same month, after an investigative report raised questions about Police Commissioner Daniel Levy’s relationship with figures close to the Netanyahu family, Golan warned him that Prime Minister Benjamin Netanyahu and National Security Minister Itamar Ben-Gvir “will not always be here to protect you,” adding that after the government changed, “if necessary, we will settle accounts with you as well.”

Yair Golan addresses the crowd at the Democrats Party primaries in Tel Aviv on July 20, 2026. (credit: AVSHALOM SASSONI/MAARIV)

Golan was entitled to demand an investigation. Yet “settle accounts” is the language of political retribution, not institutional accountability. Investigators, prosecutors, and courts should examine suspected misconduct. Opposition leaders should demand due process, not imply that a change of government will bring personal reckoning.

The same problem appeared in May 2025, when Golan said that “a sane country does not wage war against civilians, does not kill babies as a hobby, and does not set itself the goal of expelling a population.” He later clarified that his attack was directed at the government and praised IDF soldiers as heroes. That clarification matters, but does not erase the original formulation.

An Israeli leader, particularly a former general, knows such words will be heard beyond the domestic arena. They can be used to portray Israel and its soldiers as deliberately murderous.

Severe criticism of government policy is legitimate; language echoing the most inflammatory accusations against Israel is neither responsible nor necessary.

‘Cleaning up’ the government is not an inclusive, democratic sentiment 

In September 2025, before David Zini had begun serving as head of the Shin Bet (Israel Security Agency), Golan announced that a future government led by his camp would remove him and “clean up the civil service.” He added that appointments made by the current government would be reviewed and replaced if they had departed from the democratic path.

A new government may reconsider certain senior appointments and investigate improper politicization. But announcing that the civil service must be “cleaned up” risks replacing one alleged loyalty test with another. The permanent state apparatus belongs neither to Netanyahu nor to Golan.

At the end of 2025, Golan promised that his camp would close Channel 14, which he described as propaganda rather than legitimate media. He later said it would be transformed into “real media.”

Channel 14 is openly ideological and entirely open to criticism. But governments should not decide which broadcasters qualify as genuine media. If a channel violates regulations or the law, regulators and courts should address specific violations. The democratic answer to partisan media is stronger standards, competition, and pluralism – not closure by political decree.

Golan’s response to the deadly events near Gilad Farm in July 2026 raised a related moral concern. He expressed regret for the loss of “Israeli and Palestinian lives alike” and called for everyone involved in violence to be prosecuted. 

Compassion for every innocent life is essential. Yet his wording did not distinguish between the two Israelis who died, Maj. Yuval Ezra and Benayahu Mellet, and the Palestinian whom the IDF identified as an attacker who seized a weapon and opened fire.

Golan then moved rapidly from mourning the dead to blaming the government, illegal outposts, and extremist settlers for creating an explosive reality. Those issues deserve debate, and the entire incident should be investigated. But political context must not erase individual responsibility.

Recognizing everyone’s humanity does not require placing victims and an armed attacker on the same moral plane. A national leader should first express condolences to the Israeli families and condemn the shooting unambiguously, before moving to the political argument.

Israeli democracy cannot be protected through a monopoly on democratic virtue. It requires restraint when describing opponents, respect for due process, tolerance of hostile media, and recognition that public institutions must survive government changes without becoming instruments of revenge.

Golan presents himself as a defender of Israeli democracy. To make that claim convincing, he must show that democracy protects not only the people and institutions he values, but also the opponents, officials, and journalists he distrusts.

A democratic leader is measured by whether he continues to recognize them as legitimate participants in a shared political order.

The writer is an Israeli educator and former director of the TALI Education Fund and the Hebrew University of Mexico.

This post was originally published on here. 

The world is a much better place because Israel exists. That is a sine qua non. There should never be doubt about the veracity of that statement.

And yet, Israel spends an inordinate amount of time and money and exerts large amounts of energy on trying to convince nations, leaders, and people in general of the Jewish state’s positive role in the world.

To my thinking, it is time and energy well spent. The herculean effort is very important both for Israel and for the world.

Recognition of Israel’s central role on this globe is not merely a simple matter of agreeing on one specific policy or another. It is about trade, access to markets and economies. It is about technology and science. And it is certainly about military sales and procurement, about intelligence gathering and intelligence sharing.

Isolation is a bad policy. We need to disregard those who, on the one hand, stand firm in their belief that Israel should not care about what others think and those others, Israelis, Americans and Europeans, who have lost patience with the incessant Israel bashing and with what they see as Israel’s feeble attempts to mollify and justify the attacks. Israel must continue on the path that she has been traversing.

Map of Middle East (credit: Courtesy)

From the very creation of the state, Israel set ethical standards high, higher than any other military in the world. And then, officially and unofficially, Israel repeatedly judges herself, assuring that it can go no higher.

The judgment, the critique, the approbation and the disapproval are discussed and dissected not only in the corridors of power and behind governmental doors.

It is carried on with as much passion and conviction by the media as it is in the local cafes of Tel Aviv, Paris, and New York and at Shabbat tables around the world.

The reason is obvious. It is understandable. Israel must act to protect herself. And Israel’s citizens do not have an obligation to die for someone else’s conception of a just or unjust war. 

To do that, Israel still must rally at a high pitch to reach not just critics, not friends, not just those waffling and wavering in the middle – but everybody. Everyone from world leaders to university academics, from financial wizards to Main Street pedestrians.

Why? Because what they think about Israel is crucially important. It is important as a strategy for Israel’s long-term security, for Israel’s military safety and economic stability – especially the dangerous time we now live.

Recognition and acceptance devalue the argument that Israel is a pariah. Take Israel’s neighbors Jordan and Egypt as examples. It is not in either of their interests to join the present fray and attack Israel – even small attacks.

What is in their interests is to keep their borders with Israel secure and quiet. Not because, if they dared to attack, they would certainly lose, because they would lose so much. And so, despite their disagreements, the status quo is maintained.

Promoting the positives of Israel is not simply a psychologically essential stand for Israelis; it is also an important strategy. As important as a strong military. Building durable, strong relationships and alliances attracts investments, and investments lead to normalization. It is those links that make Israel safer. And safety is an essential part of Israel’s foundation.

Israel needs partners for trade, defense, and intelligence

Israel wants and needs partners who recognize the importance of trade and cooperation with Jerusalem on defense and intelligence.

The examples are clear. Look at how Israel is pursuing the UAE, Bahrain, Morocco, and Saudi Arabia. And the same model is applied as Israel seeks wider interactions with Asia, with Europe, and especially with Africa.

Disagreements do not lead to trade stoppages. While there are periodic exceptions, disputes over policy, over Gaza, over Judea and Samaria, do not mean the complete cutting of economic ties even when some diplomatic ties are chilled.

Actually, it’s the opposite right now. Despite constant haranguing and diplomatic kvetching from the EU, the European Union remains one of Israel’s largest trading partners and the relationship continues to grow. To the chagrin of Israel’s enemies and Hamas’ supporters, countries that signed statements condemning Israel continue their trade deals and have not imposed sanctions.

Commercial interest will always trump short-term quixotic critiques. Even loud critics do not determine economic plans.

Israel has made itself virtually irreplaceable in the fields of electronics, computer hardware and software, computer security, biotech, medical tech, medicine, vaccines, weapons, just to name a few. That’s why relationships remain so strong.

The actual cost of disrupting supply chains and technology chains is too high for these countries, who are so fast to criticize, to absorb. To satisfy their public, they proclaim condemnation of Israel with symbolic votes and gestures – and leave their governmental pocketbooks intact. It is way too much to expect 100% agreement 100% of the time even from a tried and true partner like the United States. Disagreements are natural. Commerce and exchanges continue.

Israel is expanding international recognition, building stronger and stronger ties with countries around the globe and following through on a strategy that will make for a safer and more prosperous country.

Israel is working hard and making sound decisions. It is all happening despite the public critique. She needs to respond, and she needs to power forward, building better relations. Let her be.

The writer is a columnist and a social and political commentator. Watch his TV show Thinking Out Loud on JBS.

This post was originally published on here. 

The world is a much better place because Israel exists. That is a sine qua non. There should never be doubt about the veracity of that statement.

And yet, Israel spends an inordinate amount of time and money and exerts large amounts of energy on trying to convince nations, leaders, and people in general of the Jewish state’s positive role in the world.

To my thinking, it is time and energy well spent. The herculean effort is very important both for Israel and for the world.

Recognition of Israel’s central role on this globe is not merely a simple matter of agreeing on one specific policy or another. It is about trade, access to markets and economies. It is about technology and science. And it is certainly about military sales and procurement, about intelligence gathering and intelligence sharing.

Isolation is a bad policy. We need to disregard those who, on the one hand, stand firm in their belief that Israel should not care about what others think and those others, Israelis, Americans and Europeans, who have lost patience with the incessant Israel bashing and with what they see as Israel’s feeble attempts to mollify and justify the attacks. Israel must continue on the path that she has been traversing.

Map of Middle East (credit: Courtesy)

From the very creation of the state, Israel set ethical standards high, higher than any other military in the world. And then, officially and unofficially, Israel repeatedly judges herself, assuring that it can go no higher.

The judgment, the critique, the approbation and the disapproval are discussed and dissected not only in the corridors of power and behind governmental doors.

It is carried on with as much passion and conviction by the media as it is in the local cafes of Tel Aviv, Paris, and New York and at Shabbat tables around the world.

The reason is obvious. It is understandable. Israel must act to protect herself. And Israel’s citizens do not have an obligation to die for someone else’s conception of a just or unjust war. 

To do that, Israel still must rally at a high pitch to reach not just critics, not friends, not just those waffling and wavering in the middle – but everybody. Everyone from world leaders to university academics, from financial wizards to Main Street pedestrians.

Why? Because what they think about Israel is crucially important. It is important as a strategy for Israel’s long-term security, for Israel’s military safety and economic stability – especially the dangerous time we now live.

Recognition and acceptance devalue the argument that Israel is a pariah. Take Israel’s neighbors Jordan and Egypt as examples. It is not in either of their interests to join the present fray and attack Israel – even small attacks.

What is in their interests is to keep their borders with Israel secure and quiet. Not because, if they dared to attack, they would certainly lose, because they would lose so much. And so, despite their disagreements, the status quo is maintained.

Promoting the positives of Israel is not simply a psychologically essential stand for Israelis; it is also an important strategy. As important as a strong military. Building durable, strong relationships and alliances attracts investments, and investments lead to normalization. It is those links that make Israel safer. And safety is an essential part of Israel’s foundation.

Israel needs partners for trade, defense, and intelligence

Israel wants and needs partners who recognize the importance of trade and cooperation with Jerusalem on defense and intelligence.

The examples are clear. Look at how Israel is pursuing the UAE, Bahrain, Morocco, and Saudi Arabia. And the same model is applied as Israel seeks wider interactions with Asia, with Europe, and especially with Africa.

Disagreements do not lead to trade stoppages. While there are periodic exceptions, disputes over policy, over Gaza, over Judea and Samaria, do not mean the complete cutting of economic ties even when some diplomatic ties are chilled.

Actually, it’s the opposite right now. Despite constant haranguing and diplomatic kvetching from the EU, the European Union remains one of Israel’s largest trading partners and the relationship continues to grow. To the chagrin of Israel’s enemies and Hamas’ supporters, countries that signed statements condemning Israel continue their trade deals and have not imposed sanctions.

Commercial interest will always trump short-term quixotic critiques. Even loud critics do not determine economic plans.

Israel has made itself virtually irreplaceable in the fields of electronics, computer hardware and software, computer security, biotech, medical tech, medicine, vaccines, weapons, just to name a few. That’s why relationships remain so strong.

The actual cost of disrupting supply chains and technology chains is too high for these countries, who are so fast to criticize, to absorb. To satisfy their public, they proclaim condemnation of Israel with symbolic votes and gestures – and leave their governmental pocketbooks intact. It is way too much to expect 100% agreement 100% of the time even from a tried and true partner like the United States. Disagreements are natural. Commerce and exchanges continue.

Israel is expanding international recognition, building stronger and stronger ties with countries around the globe and following through on a strategy that will make for a safer and more prosperous country.

Israel is working hard and making sound decisions. It is all happening despite the public critique. She needs to respond, and she needs to power forward, building better relations. Let her be.

The writer is a columnist and a social and political commentator. Watch his TV show Thinking Out Loud on JBS.

This post was originally published on here. 

European Commissioner for Migration Magnus Brunner alleged that Spain’s Ceuta border crisis was fueled by criminal smuggling networks and disinformation on social media after an emergency meeting of EU interior ministers about the incident on Tuesday.

He declined to say whether Morocco bore any responsibility, but praised Rabat’s cooperation with Spanish authorities on returns.

“There is an ongoing investigation of the matter (Morocco’s role in the massive break) in Spain. So I … can’t actually comment on that any further but there was of course some disinformation by the smugglers and the human traffickers, that’s what we know for sure,” he said.

EU interior ministers called for tougher action against migrant smuggling networks and stronger returns policies after about 72,000 migrants entered Spain’s North African enclave of Ceuta last week, triggering alarm across the bloc.

The ministers also urged closer cooperation with countries outside the European Union to curb irregular migration and prevent a repeat of the surge, which began on Thursday at one of the bloc’s two land borders with Africa, both shared with Morocco.

European Commissioner for Internal Affairs and Migration Magnus Brunner talks to media in the Berlaymont, the EU Commission headquarter on August 4, 2026 in Brussels, Belgium.  (credit: THIERRY MONASSE/GETTY IMAGES)

About 75 migrants died attempting the crossing, with many drowning and others crushed in the chaos.

Ministers discuss closer monitoring of social media to prevent surges

The surge prompted ministers to discuss a range of measures, including better intelligence-sharing, closer monitoring of social media to detect migration surges earlier, and stronger protection of the EU’s external borders.

Some analysts have questioned whether Moroccan authorities turned a blind eye to the crossings, noting previous occasions when Rabat was accused of using migration as political leverage.

The last major surge occurred in May 2021, when Moroccan authorities appeared to relax border controls, a move widely interpreted as retaliation for Spain’s hosting of a Western Sahara independence leader. The territory is disputed, with Morocco claiming sovereignty over it.

Brunner also said the EU was negotiating a strategic comprehensive partnership agreement with Morocco.

The EU has increasingly relied on migration agreements with North African countries to curb irregular arrivals, but critics say the approach leaves the bloc vulnerable to pressure from transit countries that can ease, or threaten to ease, border controls in pursuit of political or economic concessions.

Migration has been one of the EU’s most divisive political issues since a 2015-16 crisis, when more than a million refugees and migrants, many fleeing war in Syria, arrived in Europe.

The influx boosted support for anti-immigration and far-right parties across the bloc and intensified years of disputes over border controls, asylum rules and burden-sharing.

Morocco said on Sunday that recent mass crossings into Ceuta and another Spanish enclave, Melilla, were fueled by misinformation on social media, human trafficking networks and misinterpretations of a Spanish court ruling.

Most migrants who crossed the border barrier found neither food nor shelter, and later returned to Morocco.

Nevertheless, Italy suspended passport-free Schengen travel arrangements with Spain for a month, even though they do not apply to Ceuta, while 22 of the EU’s 27 member states urged coordinated action to strengthen the bloc’s external borders.

Denmark, Italy call for tougher migration measures

Denmark and Italy used the emergency talks to press for tougher migration measures, according to government statements.

Danish Immigration Minister Morten Bodskov called for increased EU funding for border security, saying: “We will not accept a repeat of the situation in 2015.”

Italy’s Interior Minister Matteo Piantedosi urged the bloc to adopt “new hub models for the external processing of asylum procedures and for returns in safe third countries.”

Greek Prime Minister Kyriakos Mitsotakis is seeking an EU emergency migration mechanism that would allow accelerated procedures and, in exceptional circumstances, the temporary suspension of asylum registrations during sudden mass arrivals, he wrote in a Politico opinion piece published on Tuesday.

Lost amid the political debate are the migrants themselves, many fleeing poverty, conflict or instability and risking dangerous journeys in search of safety or opportunity.

This post was originally published on here. 

European Commissioner for Migration Magnus Brunner alleged that Spain’s Ceuta border crisis was fueled by criminal smuggling networks and disinformation on social media after an emergency meeting of EU interior ministers about the incident on Tuesday.

He declined to say whether Morocco bore any responsibility, but praised Rabat’s cooperation with Spanish authorities on returns.

“There is an ongoing investigation of the matter (Morocco’s role in the massive break) in Spain. So I … can’t actually comment on that any further but there was of course some disinformation by the smugglers and the human traffickers, that’s what we know for sure,” he said.

EU interior ministers called for tougher action against migrant smuggling networks and stronger returns policies after about 72,000 migrants entered Spain’s North African enclave of Ceuta last week, triggering alarm across the bloc.

The ministers also urged closer cooperation with countries outside the European Union to curb irregular migration and prevent a repeat of the surge, which began on Thursday at one of the bloc’s two land borders with Africa, both shared with Morocco.

European Commissioner for Internal Affairs and Migration Magnus Brunner talks to media in the Berlaymont, the EU Commission headquarter on August 4, 2026 in Brussels, Belgium.  (credit: THIERRY MONASSE/GETTY IMAGES)

About 75 migrants died attempting the crossing, with many drowning and others crushed in the chaos.

Ministers discuss closer monitoring of social media to prevent surges

The surge prompted ministers to discuss a range of measures, including better intelligence-sharing, closer monitoring of social media to detect migration surges earlier, and stronger protection of the EU’s external borders.

Some analysts have questioned whether Moroccan authorities turned a blind eye to the crossings, noting previous occasions when Rabat was accused of using migration as political leverage.

The last major surge occurred in May 2021, when Moroccan authorities appeared to relax border controls, a move widely interpreted as retaliation for Spain’s hosting of a Western Sahara independence leader. The territory is disputed, with Morocco claiming sovereignty over it.

Brunner also said the EU was negotiating a strategic comprehensive partnership agreement with Morocco.

The EU has increasingly relied on migration agreements with North African countries to curb irregular arrivals, but critics say the approach leaves the bloc vulnerable to pressure from transit countries that can ease, or threaten to ease, border controls in pursuit of political or economic concessions.

Migration has been one of the EU’s most divisive political issues since a 2015-16 crisis, when more than a million refugees and migrants, many fleeing war in Syria, arrived in Europe.

The influx boosted support for anti-immigration and far-right parties across the bloc and intensified years of disputes over border controls, asylum rules and burden-sharing.

Morocco said on Sunday that recent mass crossings into Ceuta and another Spanish enclave, Melilla, were fueled by misinformation on social media, human trafficking networks and misinterpretations of a Spanish court ruling.

Most migrants who crossed the border barrier found neither food nor shelter, and later returned to Morocco.

Nevertheless, Italy suspended passport-free Schengen travel arrangements with Spain for a month, even though they do not apply to Ceuta, while 22 of the EU’s 27 member states urged coordinated action to strengthen the bloc’s external borders.

Denmark, Italy call for tougher migration measures

Denmark and Italy used the emergency talks to press for tougher migration measures, according to government statements.

Danish Immigration Minister Morten Bodskov called for increased EU funding for border security, saying: “We will not accept a repeat of the situation in 2015.”

Italy’s Interior Minister Matteo Piantedosi urged the bloc to adopt “new hub models for the external processing of asylum procedures and for returns in safe third countries.”

Greek Prime Minister Kyriakos Mitsotakis is seeking an EU emergency migration mechanism that would allow accelerated procedures and, in exceptional circumstances, the temporary suspension of asylum registrations during sudden mass arrivals, he wrote in a Politico opinion piece published on Tuesday.

Lost amid the political debate are the migrants themselves, many fleeing poverty, conflict or instability and risking dangerous journeys in search of safety or opportunity.

This post was originally published on here. 

US Ambassador to Israel Mike Huckabee dismissed conspiracy theories that claim Israel and the US are behind the migrant crisis at the Moroccan-Spanish border in Ceuta during an interview with British journalist Piers Morgan broadcast on Monday.

Morgan cited social media posts, including those circulated by Spanish Hollywood star Javier Bardem, which have blamed Israel for “weakening and destabilizing Spain” by weaponizing the “Western far Right to turn migration into a weapon against Muslims.”

“It sounds like Bardem needs to stick to reading a script that someone else wrote,” Huckabee retorted.

“It’s ridiculous to say that somehow this is a US-Israel conspiracy and that’s why all those young men flooded to the coast; it’s nonsense,” he added.

“Everything that seems to happen on earth, somebody has this nutty idea that it must be Israel and/or the US who would be behind it. Why don’t you just accept the fact that there were these people who were wanting to get to that part of Spain?” he asked.

Police officers and Spanish soldiers escort a big group of migrants to the border to take them out of Spain, after mass crossings of migrants on foot and by sea from Morocco into Spanish territory, in Ceuta, Spain, August 1, 2026. (credit: REUTERS/JON NAZCA)

Morgan cited Israel’s Ambassador to the UN, Danny Danon, who said that Spain never missed an opportunity to lecture Israel, but needs to explain why it is maintaining colonial enclaves in Africa, asking if Huckabee agrees.

Answering affirmatively, Huckabee said he “thought it was a pretty good observation,” that raised “valid questions.”

Huckabee: Hamas are ‘proud terrorists’

Morgan and Huckabee also discussed other topics during their interview, including the process to disarm Hamas terrorists, and commenting on the interview Morgan had with Hamas spokesperson Ghazi Hamad, which preceded Huckabee’s interview within the same broadcast.

Morgan asked the ambassador if he thinks Israel can do a deal with Hamas, and if there is any point to which someone could trust the terror organization.

Hamas were “proud” of what they did during the October 7 massacre, highlighted by howthey “strapped GoPro cameras to their heads, and videotaped themselves raping, slaughtering, beheading, butchering, massacring women, children, and elderly people… they boasted about it online, in phone calls, on the video tape that they shot… so this guy [Hamad] has zero credibility,” Huckabee said.

“I think that’s very important to understand if there’s any way in which Hamas wants to make a deal, the first thing they have to do is what they said they were going to do last October, and that’s they’re going to disarm and demilitarize. They haven’t done it yet,” he added.

“So when they do, then we can take them a little more seriously. I hope they do. It would be a wonderful gift to the world if Hamas did not have weapons, because if they have them, they’re just nutty enough to want to use them to slaughter people, particularly civilians and innocent people,” he stated.

“They don’t need weapons. They need to disappear and go away,” he said.

Morgan then asked if, in a hypothetical scenario Hamas were to keep its word, could a circumstance exist where the US and Israel accept Hamas as the governing body in the Gaza Strip going forward?

“I don’t think so. The president [Donald Trump] has made it very clear. Regardless of what Israel would say, President Trump said repeatedly that Hamas has no future in Gaza. I think they forfeited the future,” he stated, adding that asking this would be like asking if it would be ok for the Nazis to continue to run Germany after World War II.

“What they should hope for is that they would be given some level of asylum that they could get out of Gaza, disappear, find some place to live anonymously in asylum. But the idea that they’re going to govern Gaza, I don’t think the people in Gaza would tolerate it, much less the US or Israel, or hopefully any other civilized country in the world,” he said.

Huckabee: If Trump resumes strikes on Iran, it will be an overwhelming attack

Morgan cited a conversation he had with Trump, who told the journalist that the president was “ready, locked, and loaded, to launch the biggest bombardment of Iran that the world had seen since World War II.”

Huckabee responded that everyone who works for Trump “trusts his instincts.”

“If, for whatever reason, in having talked to many people in the Gulf countries, and they urged him to give, as John Lennon would so brilliantly say, ‘give peace a chance,’ to give one more round of negotiations an opportunity, and he made that decision. So let’s see if it works. Let’s hope it does,” he added.

“But if it doesn’t, I think the president has also made it very clear that there is the military option, it’s on the table, and if he takes it, it’s not going to be a mild tap. It is going to be overwhelming,” he stated.

Huckabee denies Israel influenced Trump to strike Iran, insists Iran is threat within Western Hemisphere

Huckabee then denied the allegations that Trump’s decisions vis-a-vis striking Iran were guided by Israeli policy or requests from Israeli leadership.

“I was in the Situation Room… I disagree with any narrative that says that the Israelis talked Donald Trump into it. That simply did not happen. Nobody talked him into anything,” Huckabee said.

“The idea that the Israelis came in and sold him something is probably just one of the more preposterous things. It was based on the fact that for over 47 years, Iran has been saying death to America,” he added.

Iran’s goal is to “build a nuclear weapon,” with their first aim being to “destroy Israel,” Huckabee said, but he noted that this is just “the appetizer,” as “their goal is to annihilate America.”

“America is the entree,” he stated.

He also recalled memories of the Islamic revolutionaries storming the US Embassy in Tehran in 1979, when “they frog-marched blindfolded embassy employees across the embassy grounds, held them hostage, 51 of them, for 444 days. I remember it quite well, and I remember the humiliation that we felt in America,” Huckabee said.

“I remember the chanting of death to America, the burning of our flags, and the threats that have never ceased, nor have they ever moderated,” he added.

Huckabee also noted how Iran’s threat is not just a Middle East issue, saying that the regime’s terror proxies are “already in the Western Hemisphere.”

“Hezbollah alone is in 12 Western Hemisphere countries. The idea that this is some unique Middle East issue, or it’s only an Iranian-Israeli issue, is utter nonsense,” Huckabee said.

“These people have ambitions, not necessarily to rule the world, but to destroy every part of it that does not agree with their radical Shia philosophy,” he added.

Huckabee concerned about global propaganda campaign spreading ‘demonstrably false’ perceptions of Israel, Jews

Morgan also asked Huckabee about perceptions of Israel, both within the US and on the global stage.

Morgan said that Israel’s global popularity has “plummeted” in the last two years, and that “nearly two-thirds of Americans have a negative view of Israel, [and] where half the country thinks [Prime Minister Benjamin] Netanyahu should be arrested when he comes to the US.”

The broadcaster asked if Huckabee was worried about these developments.

“It’s unfair, unfounded, it concerns me a great deal,” Huckabee responded.

“Obviously there’s an enormous propaganda campaign that is aimed against Israel, and against the Jewish people. And I think that’s really disturbing to me,” Huckabee added.

“They are up against a multi-billion dollar propaganda campaign, and a lot of money being spent in the US on university campuses, on social media, the bots are everywhere, painting a picture of the Jewish people as a whole, and the Israelis specifically, that is simply, absolutely, unfounded,” he continued.

“It is appalling to me, the reputation that has been thrust upon them, and it is ridiculously and horribly unfounded. I just want the truth to be told. Israelis aren’t perfect, Jewish people aren’t perfect, none of us are, but the blood libels that are thrown upon them should be really something that every civilized, every thoughtful, every intellectually capable person, every knowledgeable person would say, say what you wan about the Israelis, about the Jewish people, but these things that are being said, they’re just not true, and they’re demonstrably untrue,” Huckabee concluded.

This post was originally published on here. 

US Ambassador to Israel Mike Huckabee dismissed conspiracy theories that claim Israel and the US are behind the migrant crisis at the Moroccan-Spanish border in Ceuta during an interview with British journalist Piers Morgan broadcast on Monday.

Morgan cited social media posts, including those circulated by Spanish Hollywood star Javier Bardem, which have blamed Israel for “weakening and destabilizing Spain” by weaponizing the “Western far Right to turn migration into a weapon against Muslims.”

“It sounds like Bardem needs to stick to reading a script that someone else wrote,” Huckabee retorted.

“It’s ridiculous to say that somehow this is a US-Israel conspiracy and that’s why all those young men flooded to the coast; it’s nonsense,” he added.

“Everything that seems to happen on earth, somebody has this nutty idea that it must be Israel and/or the US who would be behind it. Why don’t you just accept the fact that there were these people who were wanting to get to that part of Spain?” he asked.

Police officers and Spanish soldiers escort a big group of migrants to the border to take them out of Spain, after mass crossings of migrants on foot and by sea from Morocco into Spanish territory, in Ceuta, Spain, August 1, 2026. (credit: REUTERS/JON NAZCA)

Morgan cited Israel’s Ambassador to the UN, Danny Danon, who said that Spain never missed an opportunity to lecture Israel, but needs to explain why it is maintaining colonial enclaves in Africa, asking if Huckabee agrees.

Answering affirmatively, Huckabee said he “thought it was a pretty good observation,” that raised “valid questions.”

Huckabee: Hamas are ‘proud terrorists’

Morgan and Huckabee also discussed other topics during their interview, including the process to disarm Hamas terrorists, and commenting on the interview Morgan had with Hamas spokesperson Ghazi Hamad, which preceded Huckabee’s interview within the same broadcast.

Morgan asked the ambassador if he thinks Israel can do a deal with Hamas, and if there is any point to which someone could trust the terror organization.

Hamas were “proud” of what they did during the October 7 massacre, highlighted by howthey “strapped GoPro cameras to their heads, and videotaped themselves raping, slaughtering, beheading, butchering, massacring women, children, and elderly people… they boasted about it online, in phone calls, on the video tape that they shot… so this guy [Hamad] has zero credibility,” Huckabee said.

“I think that’s very important to understand if there’s any way in which Hamas wants to make a deal, the first thing they have to do is what they said they were going to do last October, and that’s they’re going to disarm and demilitarize. They haven’t done it yet,” he added.

“So when they do, then we can take them a little more seriously. I hope they do. It would be a wonderful gift to the world if Hamas did not have weapons, because if they have them, they’re just nutty enough to want to use them to slaughter people, particularly civilians and innocent people,” he stated.

“They don’t need weapons. They need to disappear and go away,” he said.

Morgan then asked if, in a hypothetical scenario Hamas were to keep its word, could a circumstance exist where the US and Israel accept Hamas as the governing body in the Gaza Strip going forward?

“I don’t think so. The president [Donald Trump] has made it very clear. Regardless of what Israel would say, President Trump said repeatedly that Hamas has no future in Gaza. I think they forfeited the future,” he stated, adding that asking this would be like asking if it would be ok for the Nazis to continue to run Germany after World War II.

“What they should hope for is that they would be given some level of asylum that they could get out of Gaza, disappear, find some place to live anonymously in asylum. But the idea that they’re going to govern Gaza, I don’t think the people in Gaza would tolerate it, much less the US or Israel, or hopefully any other civilized country in the world,” he said.

Huckabee: If Trump resumes strikes on Iran, it will be an overwhelming attack

Morgan cited a conversation he had with Trump, who told the journalist that the president was “ready, locked, and loaded, to launch the biggest bombardment of Iran that the world had seen since World War II.”

Huckabee responded that everyone who works for Trump “trusts his instincts.”

“If, for whatever reason, in having talked to many people in the Gulf countries, and they urged him to give, as John Lennon would so brilliantly say, ‘give peace a chance,’ to give one more round of negotiations an opportunity, and he made that decision. So let’s see if it works. Let’s hope it does,” he added.

“But if it doesn’t, I think the president has also made it very clear that there is the military option, it’s on the table, and if he takes it, it’s not going to be a mild tap. It is going to be overwhelming,” he stated.

Huckabee denies Israel influenced Trump to strike Iran, insists Iran is threat within Western Hemisphere

Huckabee then denied the allegations that Trump’s decisions vis-a-vis striking Iran were guided by Israeli policy or requests from Israeli leadership.

“I was in the Situation Room… I disagree with any narrative that says that the Israelis talked Donald Trump into it. That simply did not happen. Nobody talked him into anything,” Huckabee said.

“The idea that the Israelis came in and sold him something is probably just one of the more preposterous things. It was based on the fact that for over 47 years, Iran has been saying death to America,” he added.

Iran’s goal is to “build a nuclear weapon,” with their first aim being to “destroy Israel,” Huckabee said, but he noted that this is just “the appetizer,” as “their goal is to annihilate America.”

“America is the entree,” he stated.

He also recalled memories of the Islamic revolutionaries storming the US Embassy in Tehran in 1979, when “they frog-marched blindfolded embassy employees across the embassy grounds, held them hostage, 51 of them, for 444 days. I remember it quite well, and I remember the humiliation that we felt in America,” Huckabee said.

“I remember the chanting of death to America, the burning of our flags, and the threats that have never ceased, nor have they ever moderated,” he added.

Huckabee also noted how Iran’s threat is not just a Middle East issue, saying that the regime’s terror proxies are “already in the Western Hemisphere.”

“Hezbollah alone is in 12 Western Hemisphere countries. The idea that this is some unique Middle East issue, or it’s only an Iranian-Israeli issue, is utter nonsense,” Huckabee said.

“These people have ambitions, not necessarily to rule the world, but to destroy every part of it that does not agree with their radical Shia philosophy,” he added.

Huckabee concerned about global propaganda campaign spreading ‘demonstrably false’ perceptions of Israel, Jews

Morgan also asked Huckabee about perceptions of Israel, both within the US and on the global stage.

Morgan said that Israel’s global popularity has “plummeted” in the last two years, and that “nearly two-thirds of Americans have a negative view of Israel, [and] where half the country thinks [Prime Minister Benjamin] Netanyahu should be arrested when he comes to the US.”

The broadcaster asked if Huckabee was worried about these developments.

“It’s unfair, unfounded, it concerns me a great deal,” Huckabee responded.

“Obviously there’s an enormous propaganda campaign that is aimed against Israel, and against the Jewish people. And I think that’s really disturbing to me,” Huckabee added.

“They are up against a multi-billion dollar propaganda campaign, and a lot of money being spent in the US on university campuses, on social media, the bots are everywhere, painting a picture of the Jewish people as a whole, and the Israelis specifically, that is simply, absolutely, unfounded,” he continued.

“It is appalling to me, the reputation that has been thrust upon them, and it is ridiculously and horribly unfounded. I just want the truth to be told. Israelis aren’t perfect, Jewish people aren’t perfect, none of us are, but the blood libels that are thrown upon them should be really something that every civilized, every thoughtful, every intellectually capable person, every knowledgeable person would say, say what you wan about the Israelis, about the Jewish people, but these things that are being said, they’re just not true, and they’re demonstrably untrue,” Huckabee concluded.

This post was originally published on here. 

Ireland’s new government jet, which cost the republic €53m, was purchased without FalconEye, a technology co-developed by Dassault Falcon and Israeli defense giant Elbit Systems, that is essential for the aircraft to land in foggy weather, local media reported on Tuesday.

FalconEye sits on the plane’s nose and helps it to land in foggy weather, or in other weather conditions that limit visibility, Irish outlet The Journal noted.

According to Dassault Falcon’s official website, it is “an advanced combined vision system (CVS) developed by Dassault Aviation in partnership with Elbit Systems. Designed for executive and military jets, it merges enhanced real-world video (EVS) with database-driven synthetic terrain mapping (SVS) to provide pilots with unprecedented situational awareness in zero-visibility conditions like fog, snow, or darkness.”

Dublin’s Defense Department denied the issue, saying the new aircraft has “no current limits” on its operational capability.

The jet, a Dassault Falcon 6X, is primarily used to transport the Irish Taoiseach (prime minister), as well as other government ministers and officials, when traveling on official state business.

A man wearing a mask depicting Ireland’s Taoiseach (Prime Minister) Micheal Martin holds a poster and props during a protest in support of Palestinians in Gaza to mark the 77th anniversary of the ''Nakba'', or ''catastrophe'', in Dublin, Ireland, May 17, 2025. (credit: Clodagh Kilcoyn/Reuters)

The new jet was delivered in December 2025, and can carry 14 passengers. It replaced the government’s Lear Jet, and is operated by the Irish Air Corps (the military’s air force).

The FalconEye provides “the ability to land in fog when other aircraft would have to divert to another airport,” former IAC pilot Kevin Phipps was cited by The Journal as saying.

Irish PM promises not to purchase equipment featuring Israeli technology

Taoiseach Micheal Martin, in 2024 when serving as foreign minister, said that Ireland would not purchase equipment that features Israeli-made products, Irish media cited.

Despite this, The Journal found that four helicopters belonging to the IAC were delivered with flight systems co-developed by Elbit and Airbus, as “the craft cannot be built without them.”

Additionally, a maritime patrol craft was delivered with an Israeli-made radar, The Journal added.

This post was originally published on here. 

Avi Nesher’s latest film, Our Loves, will continue its international journey at the Toronto International Film Festival (TIFF), the largest film festival in North America and one of the most prestigious in the world, considered to be an important launching pad for movies.

The film, which deals with characters caught in the October 7 massacre, will be screened in TIFF’s Centerpiece section, which is devoted to outstanding films from around the world that have already received international recognition. Industry insiders praised TIFF for choosing to spotlight an Israeli film in such a divisive time. 

It was announced recently that international entertainment companies FOX Entertainment Studios and Access Entertainment have signed on as co-producers. Access Entertainment has produced Oscar-winning movies such as The Zone of Interest and Conclave.

The film was originally produced by United King Films and SIPUR, an Israel-based international entertainment studio, along with Artomas Communications and Zoa Films.

The addition of these international partners is a significant step in breaking through an unofficial but real international boycott of Israeli cinema, particularly for films that tell an explicitly Israeli story, in Hebrew.

Counterprotesters hold Israeli flags during a protest outside the screening of the documentary ''The Road Between Us: The Ultimate Rescue'' about Hamas’s October 7 massacre, at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 10, 2025. (credit: REUTERS/CARLOS OSORIO)

The announcement came shortly after this year’s Ophir Awards nominations were announced, with Our Loves receiving 12 nominations, including best picture, director, screenplay, cinematography, editing, and original music.

Our Loves is Nesher’s 21st film. One of the most popular and prominent filmmakers in Israeli cinema, Nesher’s films include The Troupe (1978), Turn Left at the End of the World (2004), and The Matchmaker (2010).

Nesher’s films often take inspiration from real life

He has frequently drawn inspiration from real events in his work, as he did in Image of Victory (2021), a movie about Jews and Egyptians during the War of Independence.

Our Loves follows seven characters whose lives become intertwined. Each of the seven is trapped in a dysfunctional relationship, and they all have one thing in common: their absolute belief that October 6, the day their relationships ended, was the worst day of their lives.

The following day, as the events of October 7 force them into desperate efforts to survive, previously hidden truths and insights about their pasts and futures begin to emerge.

The film stars leading Israeli actors Shalom Michaelshwilli, Magi Azarzar, Yaniv Biton, Noa Cohen, Hadas Yaron, Evelin Hagoel, Lena Fraifeld, Chancela Mongoza, Kim Or Azulay, Lev Leib Levin, Naomi Aharoni-Gal (aka Nunu), Lior Miller, Elad Turgeman, Amir Banai, Nevo Katan, and Itamar Pinto, alongside newcomer Daniel Gimpel.

“Our Loves is perhaps the most significant opportunity Israel has been given to present the human story of October 7 to the world,” said SIPUR CEO Emilio Schenker.

“The film’s extraordinary power has succeeded in breaking through the walls of the infuriating boycott directed against

Israeli cinema. Now, the story that belongs to all of us, from the most painful and difficult day in the country’s history, will be presented on one of the world’s most important and respected cinematic stages.”

Boycott of Israeli media is ‘gradually crumbling’

Liron Edery, United King Films’ head of marketing and distribution, said the Toronto selection showed that opposition to Israeli cinema was beginning to weaken.

“We are pleased to see that the boycott of Israeli cinema is gradually crumbling and that Israeli films continue to receive a platform at the world’s most important festivals because of their quality and power,” she said.

“For us, the selection of Our Loves for the Toronto Film Festival is a significant statement. This is a film that tells the Israeli story and what we experienced on that terrible day. But no less importantly, it is a film about the possibility of repair, healing, and change, and about the strength to grow even out of the greatest fracture,” she continued.

Edery said the producers were proud of Nesher, the creative team, and all the partners involved in the film.

“We are convinced that the film will also touch international audiences,” she said. “Ultimately, good cinema succeeds in crossing borders, languages, and prejudices, and we believe that this is exactly what Our Loves will do.”

At a panel held during the Jerusalem Film Festival last month, Our Loves was presented as a case study in overcoming the international boycott of Israeli film. Access Entertainment president Danny Cohen, a former director of BBC Television, spoke at the panel of the film’s awards prospects.

“I genuinely believe it has Academy Award potential,” said Cohen, speaking via Zoom at the event at the Jerusalem Cinematheque. “I’ve worked on a number of Oscar campaigns. I think Avi’s work deserves that platform. And I hope the Israeli Academy selects this film as Israel’s submission for Best International Feature.”

The involvement of major figures in the international entertainment industry, including FOX Entertainment Studios and Access Entertainment, headed by Len Blavatnik and Cohen, is expected to give the film an opportunity to reach millions of viewers around the world.

The producers include Schenker and Gideon Tadmor for SIPUR; Moshe Edery and Leon Edery for United King Films; and Cohen for Access Entertainment. The executive producers include Fernando Szew for FOX Entertainment Studios; Jim Berk and Sheldon Rabinowitz for Moriah Media; and Shari Redstone for SIPUR.

This post was originally published on here. 

Avi Nesher’s latest film, Our Loves, will continue its international journey at the Toronto International Film Festival (TIFF), the largest film festival in North America and one of the most prestigious in the world, considered to be an important launching pad for movies.

The film, which deals with characters caught in the October 7 massacre, will be screened in TIFF’s Centerpiece section, which is devoted to outstanding films from around the world that have already received international recognition. Industry insiders praised TIFF for choosing to spotlight an Israeli film in such a divisive time. 

It was announced recently that international entertainment companies FOX Entertainment Studios and Access Entertainment have signed on as co-producers. Access Entertainment has produced Oscar-winning movies such as The Zone of Interest and Conclave.

The film was originally produced by United King Films and SIPUR, an Israel-based international entertainment studio, along with Artomas Communications and Zoa Films.

The addition of these international partners is a significant step in breaking through an unofficial but real international boycott of Israeli cinema, particularly for films that tell an explicitly Israeli story, in Hebrew.

Counterprotesters hold Israeli flags during a protest outside the screening of the documentary ''The Road Between Us: The Ultimate Rescue'' about Hamas’s October 7 massacre, at the Toronto International Film Festival (TIFF) in Toronto, Ontario, Canada September 10, 2025. (credit: REUTERS/CARLOS OSORIO)

The announcement came shortly after this year’s Ophir Awards nominations were announced, with Our Loves receiving 12 nominations, including best picture, director, screenplay, cinematography, editing, and original music.

Our Loves is Nesher’s 21st film. One of the most popular and prominent filmmakers in Israeli cinema, Nesher’s films include The Troupe (1978), Turn Left at the End of the World (2004), and The Matchmaker (2010).

Nesher’s films often take inspiration from real life

He has frequently drawn inspiration from real events in his work, as he did in Image of Victory (2021), a movie about Jews and Egyptians during the War of Independence.

Our Loves follows seven characters whose lives become intertwined. Each of the seven is trapped in a dysfunctional relationship, and they all have one thing in common: their absolute belief that October 6, the day their relationships ended, was the worst day of their lives.

The following day, as the events of October 7 force them into desperate efforts to survive, previously hidden truths and insights about their pasts and futures begin to emerge.

The film stars leading Israeli actors Shalom Michaelshwilli, Magi Azarzar, Yaniv Biton, Noa Cohen, Hadas Yaron, Evelin Hagoel, Lena Fraifeld, Chancela Mongoza, Kim Or Azulay, Lev Leib Levin, Naomi Aharoni-Gal (aka Nunu), Lior Miller, Elad Turgeman, Amir Banai, Nevo Katan, and Itamar Pinto, alongside newcomer Daniel Gimpel.

“Our Loves is perhaps the most significant opportunity Israel has been given to present the human story of October 7 to the world,” said SIPUR CEO Emilio Schenker.

“The film’s extraordinary power has succeeded in breaking through the walls of the infuriating boycott directed against

Israeli cinema. Now, the story that belongs to all of us, from the most painful and difficult day in the country’s history, will be presented on one of the world’s most important and respected cinematic stages.”

Boycott of Israeli media is ‘gradually crumbling’

Liron Edery, United King Films’ head of marketing and distribution, said the Toronto selection showed that opposition to Israeli cinema was beginning to weaken.

“We are pleased to see that the boycott of Israeli cinema is gradually crumbling and that Israeli films continue to receive a platform at the world’s most important festivals because of their quality and power,” she said.

“For us, the selection of Our Loves for the Toronto Film Festival is a significant statement. This is a film that tells the Israeli story and what we experienced on that terrible day. But no less importantly, it is a film about the possibility of repair, healing, and change, and about the strength to grow even out of the greatest fracture,” she continued.

Edery said the producers were proud of Nesher, the creative team, and all the partners involved in the film.

“We are convinced that the film will also touch international audiences,” she said. “Ultimately, good cinema succeeds in crossing borders, languages, and prejudices, and we believe that this is exactly what Our Loves will do.”

At a panel held during the Jerusalem Film Festival last month, Our Loves was presented as a case study in overcoming the international boycott of Israeli film. Access Entertainment president Danny Cohen, a former director of BBC Television, spoke at the panel of the film’s awards prospects.

“I genuinely believe it has Academy Award potential,” said Cohen, speaking via Zoom at the event at the Jerusalem Cinematheque. “I’ve worked on a number of Oscar campaigns. I think Avi’s work deserves that platform. And I hope the Israeli Academy selects this film as Israel’s submission for Best International Feature.”

The involvement of major figures in the international entertainment industry, including FOX Entertainment Studios and Access Entertainment, headed by Len Blavatnik and Cohen, is expected to give the film an opportunity to reach millions of viewers around the world.

The producers include Schenker and Gideon Tadmor for SIPUR; Moshe Edery and Leon Edery for United King Films; and Cohen for Access Entertainment. The executive producers include Fernando Szew for FOX Entertainment Studios; Jim Berk and Sheldon Rabinowitz for Moriah Media; and Shari Redstone for SIPUR.

This post was originally published on here. 

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Good morning. I’ve decided to paint the walls in one of my rooms a dark brown. I may deeply regret this decision. Please send any painting tips!

The need-to-know this morning

Lilly will review applications for special access to experimental drug

Over a month ago, STAT reported that Eli Lilly had granted a single 79-year-old patient special access to its next-gen obesity drug retatrutide. Now, the pharma company says it will allow other patients to apply for early access to the therapy as well.  

Continue to STAT+ to read the full story…

This post was originally published here. 

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

Good morning. I’ve decided to paint the walls in one of my rooms a dark brown. I may deeply regret this decision. Please send any painting tips!

The need-to-know this morning

Lilly will review applications for special access to experimental drug

Over a month ago, STAT reported that Eli Lilly had granted a single 79-year-old patient special access to its next-gen obesity drug retatrutide. Now, the pharma company says it will allow other patients to apply for early access to the therapy as well.  

Continue to STAT+ to read the full story…

This post was originally published here. 

Rechat has launched the Rechat MCP Server, a secure integration that allows AI assistants such as ChatGPT and Claude to perform work directly inside the company’s platform, enabling agents to manage contacts, launch marketing campaigns and track transactions using natural language.

Built on the Model Context Protocol (MCP), the integration connects AI assistants directly to Rechat’s operating system, allowing agents to execute tasks within their existing business workflows instead of receiving only general guidance.

“For AI to do real work, it needs more than access. It needs structure and trust,” said Emil Sedgh, chief technology officer of Rechat. “Every tool on the MCP Server is scoped to a real workflow and secured with OAuth. Instead of only bringing partners into Rechat, we’re bringing Rechat into every AI tool an agent already uses.”

The MCP Server enables agents to use AI assistants to complete tasks tied to their business data, including contacts, deals, campaigns and branding.

Through the integration, agents can manage contacts and reminders, create marketing materials such as email campaigns, social posts and listing websites, check transaction status and ask broader business questions.

Rather than exposing raw data, the integration is designed around real estate workflows, allowing AI assistants to execute tasks the way agents naturally work.

“Every major platform is opening up to AI. TikTok and Meta did it for advertisers; Rechat is doing it for real estate,” said Shayan Hamidi, founder and CEO of Rechat. “Our super app becomes the operating system AI runs on.”

The integration uses OAuth authentication and permission-based access, ensuring AI assistants can perform only the actions an individual agent is authorized to complete within Rechat.

The MCP Server extends Rechat’s AI strategy beyond its in-platform assistant, Lucy, allowing agents to use external AI tools while remaining connected to Rechat’s data and workflows.

The Rechat MCP Server is available now for developers, while agents and brokerages can join a waitlist for broader access.

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

This post was originally published on here. 

East Tennessee Realtors has partnered with SourceRE to modernize how its MLS data is distributed and secured, listing its data on the SourceRE Data Marketplace and deploying the company’s Data Dye forensic tracking technology, the companies announced late last week.

The Knoxville-based association will use the SourceRE Data Marketplace as a centralized hub to manage vendor licensing, billing and access to its MLS data. SourceRE said vendors will receive Real Estate Standards Organization-certified API access through a standardized onboarding process, while the association maintains approval authority over all data recipients.

East Tennessee Realtors is also implementing SourceRE’s Data Dye technology, which embeds invisible identifiers in distributed listing data to detect and document unauthorized use. For MLSs and brokers, that kind of tracking is becoming more important as listing data flows into a wider range of consumer portals, AI models and third-party applications.

“Our data is one of our association’s most valuable assets. This partnership gives us greater control, stronger security, and the flexibility to deliver trusted data to our members and technology partners on our terms,” Lyle Irish, the CEO of East Tennessee Realtors, said in the company announcement.

The move comes as MLSs face heightened scrutiny over how listing data is licensed and monetized, along with growing expectations from brokers and agents for secure, API-based access. Centralizing data distribution through a marketplace model is one way MLSs are looking to simplify vendor relationships, reduce one-off contracts and tighten audit trails around who is using their data and for what purpose.

Earlier this summer, Albuquerque-based Southwest MLS announced a similar integration with SourceRE.

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

This post was originally published on here. 

Rising mortgage rates have impacted the summer homebuying season and have been cited by at least one major lender as a key reason for recent layoffs. But the market got a brief respite this week as rates cooled slightly.

On Tuesday, HousingWire‘s Mortgage Rates Center showed that rates for 30-year conforming loans averaged 6.92%, down 2 basis points from one week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) were also down 2 bps to 6.61%, while rates for 30-year jumbo loans rose 1 bps to 6.95%.

Rates have been rising consistently over the past month due to high oil prices tied to the conflict in the Middle East, and the 10-year Treasury yield — which mortgage rates tend to move in tandem with — has reached a 2026 peak of 4.75%. But HousingWire Lead Analyst Logan Mohtashami wrote over the weekend that while mortgage spreads have reached 2% — higher than their historical average of 1.6% to 1.8% — they remain low enough to keep mortgage rates from being much higher.

The worst mortgage spreads levels of 2023 today would mean rates of 7.98%, while the worst levels of 2024 and 2025 would equate to rates of 7.60% and 7.41%, respectively, he pointed out.

“The other variable that has helped housing this year is that, in the past two years, wages have outpaced home-price growth,” Mohtashami wrote. “Even though national nominal home prices haven’t fallen, they’re not growing much: 1%-2% last year and the same this year. Parts of the country are up more than that, and parts are down. However, this has helped with housing affordability.

“Just imagine if home prices had grown 3% in 2020 and 2021 instead of 10% and 19%; we would have had better affordability. If home prices were growing faster than wage growth, I wouldn’t be able to say that the market is healthier.”

But mortgage demand took a tumble last week as application activity dropped 6.4%, led by a 10% decline in refinances.

“Mortgage rates climbed to their highest level in nearly a year last week, continuing to weigh on both refinance and purchase activity. While incoming economic data will continue to shape the outlook for interest rates, elevated borrowing costs remain a challenge this summer for many prospective homebuyers,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA).

Mat Ishbia on the Fed, home sales and regulatory efforts

In his monthly “3 Points” video that was posted to YouTube earlier this week, Mat Ishbia, president and CEO of United Wholesale Mortgage (UWM), focused on Federal Reserve Chair Kevin Warsh‘s mission to drive down mortgage rates.

Last week, the Fed kept rates unchanged for a fifth straight meeting. Going into the week, investors and interest rate traders had placed relatively high odds on a 25-bps hike, which would’ve been the first time the central bank raised rates since July 2023.

Market watchers continue to have mixed feelings about the Fed’s next move, especially because of Warsh’s decision to remove forward guidance from Fed statements. After last week’s decision to hold the federal funds rate at a range of 3.5% of 3.75%, Warsh said he believed that the markets “are learning to play the ball, not the referee.”

The CME Group‘s FedWatch tool on Tuesday showed that interest rate traders are split about what will happen at the Fed’s mid-September meeting, with 41% calling for another rate pause and 59% anticipating a 25-bps increase.

“While President Trump has pushed for lower rates, Warsh indicated that mortgage rates will likely improve through broader monetary policy rather than immediate Fed fund rate cuts,” Ishbia said. “… Warsh says he thinks that the overall economic policies will help drive rates down, whether it’s by the end of this year or early into next year, so we’re all watching closely and hoping that will help borrowers looking to buy and even refinance their homes.”

Ishbia also touched on the Trump administration’s pursuit of a “broad regulatory agenda that could significantly reshape the U.S. mortgage market across several federal agencies.” This includes simplified rules and lower regulatory hurdles at the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA) and the Federal Housing Finance Agency (FHFA).

“I’m not getting into each specific rule change or idea, whether it’s servicing related or policy related. But the key is they’re looking to make things better,” Ishbia said. “Now, how much of this will [they] implement soon and affect mortgages you’re doing this year? Probably none of it.”

Lastly, Ishbia pointed to new home sales, which rose by a modest 1.6% from May to June while remaining down 5.5% year over year. He called the 2026 summer purchase market “really good” despite higher interest rates and affordability hurdles. HousingWire Data reinforces his observations as weekly pending home sales and total pending sales (a moving average) are up from this time in 2025.

“People think it’s slower out there. It’s actually not slower; it’s actually pretty busy across the board,” Ishbia said. “Housing is going strong, and homes are selling right now in this environment. Now, when rates drop even further, we see it kicking up even higher.”

This post was originally published on here. 

Rising mortgage rates have impacted the summer homebuying season and have been cited by at least one major lender as a key reason for recent layoffs. But the market got a brief respite this week as rates cooled slightly.

On Tuesday, HousingWire‘s Mortgage Rates Center showed that rates for 30-year conforming loans averaged 6.92%, down 2 basis points from one week ago. Rates for 30-year loans through the Federal Housing Administration (FHA) were also down 2 bps to 6.61%, while rates for 30-year jumbo loans rose 1 bps to 6.95%.

Rates have been rising consistently over the past month due to high oil prices tied to the conflict in the Middle East, and the 10-year Treasury yield — which mortgage rates tend to move in tandem with — has reached a 2026 peak of 4.75%. But HousingWire Lead Analyst Logan Mohtashami wrote over the weekend that while mortgage spreads have reached 2% — higher than their historical average of 1.6% to 1.8% — they remain low enough to keep mortgage rates from being much higher.

The worst mortgage spreads levels of 2023 today would mean rates of 7.98%, while the worst levels of 2024 and 2025 would equate to rates of 7.60% and 7.41%, respectively, he pointed out.

“The other variable that has helped housing this year is that, in the past two years, wages have outpaced home-price growth,” Mohtashami wrote. “Even though national nominal home prices haven’t fallen, they’re not growing much: 1%-2% last year and the same this year. Parts of the country are up more than that, and parts are down. However, this has helped with housing affordability.

“Just imagine if home prices had grown 3% in 2020 and 2021 instead of 10% and 19%; we would have had better affordability. If home prices were growing faster than wage growth, I wouldn’t be able to say that the market is healthier.”

But mortgage demand took a tumble last week as application activity dropped 6.4%, led by a 10% decline in refinances.

“Mortgage rates climbed to their highest level in nearly a year last week, continuing to weigh on both refinance and purchase activity. While incoming economic data will continue to shape the outlook for interest rates, elevated borrowing costs remain a challenge this summer for many prospective homebuyers,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA).

Mat Ishbia on the Fed, home sales and regulatory efforts

In his monthly “3 Points” video that was posted to YouTube earlier this week, Mat Ishbia, president and CEO of United Wholesale Mortgage (UWM), focused on Federal Reserve Chair Kevin Warsh‘s mission to drive down mortgage rates.

Last week, the Fed kept rates unchanged for a fifth straight meeting. Going into the week, investors and interest rate traders had placed relatively high odds on a 25-bps hike, which would’ve been the first time the central bank raised rates since July 2023.

Market watchers continue to have mixed feelings about the Fed’s next move, especially because of Warsh’s decision to remove forward guidance from Fed statements. After last week’s decision to hold the federal funds rate at a range of 3.5% of 3.75%, Warsh said he believed that the markets “are learning to play the ball, not the referee.”

The CME Group‘s FedWatch tool on Tuesday showed that interest rate traders are split about what will happen at the Fed’s mid-September meeting, with 41% calling for another rate pause and 59% anticipating a 25-bps increase.

“While President Trump has pushed for lower rates, Warsh indicated that mortgage rates will likely improve through broader monetary policy rather than immediate Fed fund rate cuts,” Ishbia said. “… Warsh says he thinks that the overall economic policies will help drive rates down, whether it’s by the end of this year or early into next year, so we’re all watching closely and hoping that will help borrowers looking to buy and even refinance their homes.”

Ishbia also touched on the Trump administration’s pursuit of a “broad regulatory agenda that could significantly reshape the U.S. mortgage market across several federal agencies.” This includes simplified rules and lower regulatory hurdles at the Consumer Financial Protection Bureau (CFPB), the Department of Housing and Urban Development (HUD), the Department of Veterans Affairs (VA) and the Federal Housing Finance Agency (FHFA).

“I’m not getting into each specific rule change or idea, whether it’s servicing related or policy related. But the key is they’re looking to make things better,” Ishbia said. “Now, how much of this will [they] implement soon and affect mortgages you’re doing this year? Probably none of it.”

Lastly, Ishbia pointed to new home sales, which rose by a modest 1.6% from May to June while remaining down 5.5% year over year. He called the 2026 summer purchase market “really good” despite higher interest rates and affordability hurdles. HousingWire Data reinforces his observations as weekly pending home sales and total pending sales (a moving average) are up from this time in 2025.

“People think it’s slower out there. It’s actually not slower; it’s actually pretty busy across the board,” Ishbia said. “Housing is going strong, and homes are selling right now in this environment. Now, when rates drop even further, we see it kicking up even higher.”

This post was originally published on here. 

The number of job openings eased below 7.4 million for the first time since March as demand for labor cooled heading into the summer, new government data show.
June’s job vacancies declined by 178,000 to 7.36 million, from a downwardly revised 7.54 million in May, according to the Bureau of Labor Statistics report released on Aug. 4.
Economists had projected a reading of 7.4 million.
Heading into this week’s nonfarm payrolls report for July, various indicators suggest employment conditions remain stable, from hiring to layoffs.
New job openings were largely concentrated in two sectors: transportation, warehousing, and utilities (97,000) and the federal government (39,000).
Vacancies declined in wholesale trade (negative 74,000), nondurable goods manufacturing (negative 55,000), and mining and logging (negative 9,000)….

This post was originally published here. 

The number of job openings eased below 7.4 million for the first time since March as demand for labor cooled heading into the summer, new government data show.
June’s job vacancies declined by 178,000 to 7.36 million, from a downwardly revised 7.54 million in May, according to the Bureau of Labor Statistics report released on Aug. 4.
Economists had projected a reading of 7.4 million.
Heading into this week’s nonfarm payrolls report for July, various indicators suggest employment conditions remain stable, from hiring to layoffs.
New job openings were largely concentrated in two sectors: transportation, warehousing, and utilities (97,000) and the federal government (39,000).
Vacancies declined in wholesale trade (negative 74,000), nondurable goods manufacturing (negative 55,000), and mining and logging (negative 9,000)….

This post was originally published here. 

The focus on the defense relationship between Israel and India is usually on Israeli exports. However, a new report by Amnesty International reveals a new angle, showing that no fewer than 2,596 shipments of weapons, ammunition, parts and components were transferred from India to Israel between October 7, 2023 and November 30, 2025.

The roots of these supplies lie in the activities of Israeli defense companies, led by Elbit Systems, Israel Aerospace Industries (IAI) and Rafael, which have adapted to Indian Prime Minister Narendra Modi’s “Made in India” policy. This policy is intended to increase local independence, and in recent years India has even tightened the self-reliance requirements and set a threshold of at least 50% local production.

This situation has not affected India’s position as the most prominent customer of Israel’s defense industries. Data from the Stockholm International Peace Research Institute (SIPRI) shows that about 29% of Israel’s defense exports in 2021-2025 were to India, which remained Israel’s number one defense export destination despite the huge deal to sell the Arrow 3 system to Germany for $3.5 billion. 21% of Israel’s defense exports between 2021-2025 were to Germany, SIPRI reports.

SIBAT (International Defense Cooperation Directorate) at the Ministry of Defense data show that Israeli defense exports in those years totaled $71 billion.

Models of the Air Lora, an extended-range massive precise supersonic weapon, and Wind Demon, an affordable air-to-surface cruise missile, are on display at the Israel Aerospace Industries Ltd. stall during the ''Aero India 2025'' air show at Yelahanka air base in Bengaluru, India, February 10, 2025. (credit: Abinaya Kalyanasundaram/Reuters)

From India to the Mediterranean

The Israeli seen as the central figure leading the defense relationship with India is Ministry of Defense director general Maj. Gen. (res.) Amir Baram. Last June, he paid a working visit to India, where he met with the Minister of Defense, the Secretary of Defense, and other senior officials. About a week later, at the Herzliya conference, he explained, “The war has sharpened the cost of Iranian empowerment for all parties in the region. It has created an identity of interests to form a broader alliance — from India, through the UAE to Greece and Cyprus.”

In some cases, Amnesty has been able to locate the Israeli customers of shipments from India, most notably Elbit, which received 155mm shells and warheads for the Skystriker — a loitering munition it manufactures that the IDF uses extensively.

What the countries mentioned by Baram have in common is a staunch defense relationship with Israel. Thus, among other things, during the war with Iran earlier this year, Israel sent Iron Dome systems to the UAE. Cyprus operates Israeli-made systems such as IAI’s Barak MX and Greece recently decided to procure air defense systems from Israel for around euro3.5 billion.

The shipments continue

As far as India is concerned, an analysis conducted by Amnesty based on official records from New Delhi shows that India has shipped to Israel 390,516 small arms parts, 564,970 explosive ammunition components — such as warheads for drones and artillery shell casings — and 298 military vehicle parts. The analysis of the data did not include shipments for civilian use, or components and ammunition for air defense systems.

Amnesty identified Indian arms and ammunition exports to Israel, including parts and accessories, using international item classifications known as HS codes 93 and 8710. Code 93 includes a wide range of weapons and ammunition, while code 8710 includes armored vehicles, tracked vehicles and related parts. As part of Amnesty’s traditional critical tone towards Israel, the report accuses India of having “critical structural failures” in its compliance with international standards, including “Lack of an explicit requirement for human rights due diligence.”

Amnesty notes that India abstained from voting on the adoption of the Arms Trade Treaty in 2013, and has not joined it since. India’s motive lies in its desire to maintain versatility, as also reflected in SIPRI data. India ranks second in the world’s defense importers after Ukraine, and the breakdown of Indian imports in 2021-2025 illustrates the diversity of its interests, with Russia at the top of the list of suppliers with 40%, France with 29%, and Israel with 15%.

Amnesty also notes that despite embargo measures taken by various countries against Israel, it continued to benefit from arms shipments from countries such as the US and Germany. Surprisingly, arms shipments in some cases also passed through countries like Slovenia and France, even though President Emmanuel Macron is pursuing an aggressive policy against Israel’s defense industries.

This post was originally published on here. 

A new housing development in Hunts Point will deliver 96 supportive and affordable homes for formerly unhoused New Yorkers. Mayor Zohran Mamdani on Monday broke ground on the Doe Fund’s Casanova Residence at 658-674 Casanova Street in the Bronx. Of the 96 homes, 38 affordable units will be available through the city’s housing lottery system, while the remaining 58 units will be reserved for vulnerable populations.

 Photo credit: Ed Reed/Mayoral Photography Office on Flickr

Best known for its “Ready, Willing & Able” work training program, the Casanova Residence marks the Doe Fund’s 13th affordable and supportive housing building, bringing the organization’s portfolio to more than 1,400 units spanning 1.2 million square feet across the five boroughs.

The supportive units will serve individuals and families with serious mental illness, substance use disorders or disabling medical conditions through the city’s 15/15 Supportive Housing Initiative.

Residents will have access to services including case management, adult basic education, computer skills and financial literacy classes, occupational courses, paid work training, job-search preparation, legal referrals and more.

The Peninsula. Credit: NYC Department of Housing Preservation and Development

Casanova Residence sits across the street from the Peninsula, a new housing development that is replacing the notorious Spofford Juvenile Detention Center. The Peninsula will also be home to the first city-owned grocery store, one of five city-owned grocery stores opening in every borough.

“This project is just one example of our broader efforts to rewrite the relationship between City Hall and the people of the Bronx,” Mamdani said during a groundbreaking ceremony for Casanova Residence on Monday. “Through our historic housing plan ‘Block by Block,’ we are taking a targeted approach to the lasting housing inequities that disproportionately affect those in this borough, holding bad landlords accountable and supporting organized tenants along the way.”

The mayor added: “As we break ground on Casanova Residences today, we are writing that new chapter for this corner. One where those who live here no longer experience neglect as a norm, but one where New Yorkers can instead go home to a decent, dignified space and where city government fulfills its fundamental responsibility to make that possible.”

Designed by Curtis + Ginsberg Architects, the building will also offer free broadband internet, a fitness center, landscaped outdoor space and dedicated community and service areas operated by the Doe Fund.

Investing in supportive housing is a central tenet of the Mamdani administration’s “Block by Block” housing plan. In the recently adopted city budget, the mayor committed to investing $1 billion over the next two fiscal years to create and preserve supportive housing, marking a 60 percent increase over the previous two fiscal years.

Earlier this year, the city also launched the Supportive Preservation Program, which provides dedicated funding and technical assistance to preserve and stabilize existing supportive housing, including developments financed through city, state and federal programs.

“Supportive housing plays a critical role in the city’s housing ecosystem, and I’m happy to mark this milestone with the Doe Fund, for future Casanova tenants and for Hunts Point. This project will help New Yorkers for decades to come,” Leila Bozorg, deputy mayor for housing and planning, said.

“We are investing in supportive and affordable housing at an unprecedented scale across the city, including through creating new housing like Casanova, and by providing the preservation assistance that many of our existing supportive housing residents deserve.”

RELATED:

The post 96 supportive and affordable homes coming to Hunts Point first appeared on 6sqft.

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A housing lottery launched last week for 209 affordable apartments as part of a huge new mixed-use community taking shape in East New York. The available units at 882 Fountain Avenue are part of the second phase of the Alafia development, a new 27-acre neighborhood with thousands of apartments and health and wellness amenities. New Yorkers earning 40, 60, and 70 percent of the area median income can apply for the units, priced from $830/month studios to $2,745/month three-bedrooms.

Alafia. Courtesy of Gov. Kathy Hochul’s Office

Apex Building Group, L+M Development Partners, RiseBoro Community Partnership, and Services for the Underserved (S: US) are developing Alafia as part of New York State’s Vital Brooklyn initiative, a plan to build 4,000 homes in Central Brooklyn and address health and economic disparities.

The site is located in the Spring Creek section of East New York, adjacent to Gateway Center and the 407-acre Shirley Chisholm State Park. Upon completion, Alafia will create about 2,400 affordable apartments on a pedestrian-friendly campus with open space designed by SCAPE.

The campus also has 50,000 square feet of commercial and community facility space, including the new One Brooklyn Health medical facility, more than 20,000 square feet of open and “urban agricultural” space, and several thousand square feet of retail space.

SCAPE will design more than six acres of the open space. The firm incorporated active and passive recreation areas, including a playground, sports court, dog park and community farm, according to their website.

A fitness loop traverses the public park at the center of the complex, while bridges connect to “Community Creek,” a demonstration garden that will operate alongside on-site Meals on Wheels services.

Centered around wellness, Alafia will offer on-site supportive services for vulnerable residents. These will include workforce training for careers in the culinary industry, green jobs and entrepreneurship.

Supportive housing residents will also have access to social services, including people with intellectual and developmental disabilities, behavioral health challenges, youth aging out of foster care, older adults and veterans.

Sustainability is also a key focus, with all residences designed to meet green building standards and feature energy-efficient appliances, including Passive House design principles.

An on-site urban farm will produce up to 180,000 pounds of fresh produce annually. The harvest will be used in Alafia’s food production space, providing residents with access to fresh food.

Nearby public transit options include the B12, B84, and Q8 buses.

Qualifying New Yorkers can apply for the apartments until September 25, 2026. Complete details on how to apply are available here.

RELATED:

The post East New York affordable development opens lottery for 200+ units, from $830/month first appeared on 6sqft.

This post was originally published here. 

A nationwide cyclosporiasis outbreak has pushed American consumers away from packaged supermarket greens and toward local growers, producing a rare demand shift that is filling farmers markets while leaving supermarket produce cases and the farms that supply them absorbing the loss.

The CDC, FDA and state health officials are investigating a multistate outbreak of Cyclospora infections linked to iceberg lettuce across nine states, after Taylor Farms initiated a July 17 recall of all iceberg lettuce sourced from central Mexico. The recall included Marketside-brand iceberg salad and shredded lettuce sold at Walmart with best-by dates running from July 18 to August 3, along with a list of products distributed to food service customers. The agency is separately tracking other cyclosporiasis illnesses nationally that are unrelated to this outbreak.

The scale has unsettled shoppers well beyond the recalled product. The CDC has said other lettuce brands are safe, but with more than 11,000 cases still awaiting analysis nationwide — including over 2,500 in Ohio — consumers are not taking chances. More than 8,000 people have been sickened in Michigan alone. As of mid-July, close to 150 people had been hospitalized across 34 states. A total of 1,644 people infected with Cyclospora who reported exposure to Taco Bell have been reported by five states, with illness onset dates from May 13 to July 13.

The investigation’s own reversals have compounded the confusion. A lettuce sample from Taylor Farms de Mexico initially reported positive on July 18 was re-reviewed by FDA laboratory experts, who concluded the finding did not represent true amplification and should be treated as a false positive. That correction left shoppers without a clear answer about what is safe to eat, and the investigation and recall remain open.

Local vendors have absorbed the redirected demand. A vendor at the East Lansing Farmers Market in Michigan reported a very large increase in foot traffic with heavy lettuce buying, and said customers are asking more questions about exactly where produce originates. In Louisville, sellers at the Gray Street Farmers Market said business picked up as consumers looked for alternatives to national suppliers. An Ohio grower said leafy greens are moving fast because customers can see the face of the person who produced them.

For the roughly 140 Greenmarkets and dozens of independent farm stands across the New York region, the same pattern applies — and the timing lands in peak Hudson Valley and New Jersey lettuce season, when regional growers have volume to sell and short delivery distances to work with. Independent grocers and bodega operators sourcing from regional distributors have a similar opening, provided they can document origin.

The cost is landing on conventional growers who have done nothing wrong. A Salinas Valley farmer said he chopped up 300,000 pounds of romaine hearts and plowed them back into the soil despite no evidence his crops carried the parasite, and his operation, Coastline Family Farms, which supplies major grocery chains and restaurants nationally, has seen orders fall by as much as 30%.

The pullback extends past lettuce entirely. Sales have also declined for cauliflower, carrots, spinach and Brussels sprouts, and even salad dressing has taken a hit. Taco Bell sales dropped 25% in the week after an outbreak was tied to lettuce served there. Growers caution that the shift toward farmers markets accounts for only a small portion of the overall retreat from fresh greens — most consumers are simply buying fewer vegetables, which is a larger problem for the category than any single recall.

Whether the substitution actually reduces risk depends on specifics. Kalmia Kniel, a professor of microbial food safety at the University of Delaware, said produce bought directly from the farmer who grew it is lower risk, though that depends on where the produce actually originates and on the individual farmer’s practices. Food-safety lawyer Bill Marler recommends intact heads of lettuce and whole fruits and vegetables over bagged, boxed or pre-cut items, because centralized chopping, washing and packaging can spread contamination from a small quantity of produce across a much larger batch.

The consistent expert message is not avoidance. Specialists urge people to keep buying and eating produce from either channel, to wash items thoroughly under running water, to scrub firm produce such as melons and cucumbers, and to keep raw meat separate from vegetables.

For retailers, the durable question is whether traceability becomes a selling point customers will pay for once the outbreak subsides.

JBizNews Desk | New York

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

Regulators also finalized the first nationwide, mandatory payment model to reduce the cost of joint replacements starting in 2028. Hospitals said the pay raise was inadequate, and chafed at the mandatory nature of the new model.

This post was originally published here. 

Carrington Mortgage Services announced on Tuesday that it completed its acquisition of Valon Mortgage from Valon Technologies, adding approximately 810,000 loans to its servicing portfolio and expanding its use of Valon’s artificial intelligence-native servicing technology.

The deal, announced in May of this year, brings together Carrington’s government mortgage servicing expertise and operational scale with ValonOS, the technology platform developed by Valon for mortgage servicing. Carrington will use ValonOS as its core servicing platform under the companies’ strategic partnership.

The combined servicing portfolio is expected to approach 2 million loans, and the transaction expands Carrington’s servicing capabilities through Valon Mortgage’s subservicing relationships and asset acquisition operations.

“The completion of our acquisition of Valon Mortgage marks an important milestone in Carrington’s growth strategy,” Andrew Taffet, CEO of The Carrington Companies, said in a statement. “After spending more time with ValonOS and seeing how it handles the complexity of government servicing, I am more convinced than ever that it is the right platform for Carrington’s next chapter.”

Taffet said the partnership is expected to provide greater speed, control and consistency for borrowers, investors and government agencies.

A fast-growing servicer

Founded in 2019, Valon Mortgage grew to service approximately 810,000 loans and became one of the mortgage industry’s fastest-growing servicers. With the sale of its mortgage servicing business complete, Valon Technologies plans to focus on developing and expanding ValonOS across the broader mortgage servicing industry.

“Valon Mortgage was built to prove that ValonOS could operate at the highest level of complexity in mortgage servicing,” Andrew Wang, CEO and co-founder of Valon, said in a statement. “With the transaction now complete, Valon can focus fully on building the technology infrastructure that powers the broader servicing ecosystem.”

The companies said the partnership is intended to support innovation across conventional mortgages, Ginnie Mae loans, nonqualified mortgages, private-label securities and closed-end second-lien products.

ValonOS is built on a cloud-based architecture designed to support faster technology development and automation across servicing operations. Carrington said the platform was a key factor in its acquisition strategy.

“This is what we set out to build from the beginning: operate a mortgage servicer, prove the technology in production and then scale that technology beyond our own servicing operation,” Linda Du, president and co-founder of Valon, said in a statement.

Du said Valon Mortgage’s employees will begin their next chapter as part of Carrington while Valon Technologies continues its partnership with the company and works to bring ValonOS to a broader market.

Carrington, founded in 2007, said it has achieved approximately 16% annualized growth while expanding its servicing portfolio each year. The company said the acquisition positions it to support homeowners, investors, mortgage originators and servicing clients through greater scale and continued investment in technology and customer service.

The deal follows Carrington’s recent acquisition of Reliance First Capital and advances the company’s strategy to expand its servicing platform and strengthen relationships with mortgage owners and investors. Financial terms of the Valon transaction were not disclosed.

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

This post was originally published on here. 

Rocket Pro is moving full steam ahead in its August “Power Play,” a monthly initiative that the company promised to its business partners back in February that’s announced on the first Tuesday of each month.

This month’s Power Play marks the fifth month of the initiative. August’s offerings include an increased refinance credit to 60 basis points that now applies to all refi products. The offering was previously applicable only to cash-out refinances and was 40 bps.

The wholesale lending arm of Rocket Mortgage is also once again extending its 60-bps purchase credit and a 40-bps Compass credit as part of its partnership with the real estate brokerage. It’s also opening its Big Pitch community voting for the top three finalists, which closes on Sept. 1 at Rocket Pro’s annual conference, Rocket Pro Experience (RPX).

In an interview with HousingWire ahead of the announcement, Cory Scholl, Rocket Pro’s executive vice president, said that this month’s strategy aims to support brokers in a tough market by providing additional credits and pricing incentives.

“In a tougher market, the brokers that are winning right now aren’t waiting on rates to drop. They’re stacking every credit available and closing today,” Scholl said. “This Power Play leads with that reality. So when we enhance the credit brokers need most right now and extend the pricing edge, it’s already working. Partners have more reasons to call clients and close deals, regardless of where the rates land.”

Scholl said that brokers who have offered feedback to Rocket have asked for continued extension of the incentives, particularly the Compass partnership credit.

“The Compass credit is definitely worth extending,” he said. “We’re seeing a lot of traction in the market with our partners, bringing on new relationships with Compass agents that they didn’t have previously, as well as fostering relationships they already had.

“We keep enhancing the credit that we’re seeing that our brokers are needing the most right now, and extending price and edges that are already working for them.”

When asked about Rocket Pro’s “Big Pitch” contest, which invited brokers nationwide to submit ideas for new technology tools, Scholl said that the contest was a “massive success” and “exceeded expectations.”

Last month, Rocket Mortgage chief revenue officer Austin Niemiec said the company received more than 350 Big Pitch submissions.

The finalists that brokers will vote on are George Jules of Clearview Lending Solutions, whose “cut time, not corners” proposal reflects Rocket Pro’s focus on combining human expertise with AI-driven speed; Seth Hasan of West Capital Lending, whose “compete when it counts” concept aims to help brokers better serve their clients; and Andrew Haff of Barren Hill Mortgage, whose “save more deals” proposal supports Rocket Pro’s goal of helping more borrowers achieve homeownership.

The finalists will present their concepts live at RPX in September and the winner will receive a $100,000 grand prize. Scholl said that Rocket will be “facilitating” the winning idea.

“Price incentives help today, but the Big Pitch is helping tomorrow. So now brokers will have a say in the technology that helps them succeed,” he said.

This post was originally published on here. 

Zillow will lay off just over 500 employees as part of a new organizational restructuring aimed at supporting the company’s next phase of growth, the company announced Tuesday in a Front Porch blog post by CEO Jeremy Wacksman.

The cuts come as Zillow continues to push its strategy of building an “integrated experience” for renters, buyers, sellers and real estate professionals, even as the broader housing market remains “essentially flat,” Wacksman wrote.

“These are difficult decisions that reflect both the strides we’re making in our strategy and the reality of what is required of us to grow at scale,” Wacksman said in the post. He said the company is “grateful to every person who is leaving” and is providing support through the transition, though details of that support were not disclosed.

Wacksman framed the layoffs as part of a broader effort to keep a “disciplined cost structure” and to “get more efficient, with the right people in the right positions.” He emphasized that Zillow’s core mission — “to make home a reality for more people” — and its consumer-facing offerings remain unchanged.

Wacksman said Zillow continues to “outperform the category” despite the sluggish housing environment and that the company sees the opportunity ahead as “as large as it’s ever been.” The restructuring is intended to align the organization and its cost base with that growth ambition.

Zillow did not immediately respond to HousingWire’s questions regarding how the layoffs will impact different divisions within the company. This is the second round of layoffs at Zillow this year. In late January, the listing portal giant cut roughly 200 positions as part of its annual performance reviews. 

Zillow is set to release its second quarter 2026 earnings on Wednesday. In Q1 2026, Zillow recorded an 18% annual increase in revenue to $708 million and a net income of $46 million, up from $8 million in Q1 2025.

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

This post was originally published on here. 

My first hire still calls me, 16 years later. He’s also the one I got wrong. I came into real estate carrying a law firm’s habits. A firm runs on handing consequential work to capable people, so delegating was the easy part. Then came an American office of one and a strange gift: Knowing exactly how to delegate, with nobody to delegate to.

So the question was never whether to build a team. Only how fast.

Two jobs, one person

The playbook says your first hire is an administrator. Mine was a buyer agent, and the business could hold one salary, so he carried the admin work too. Half his day was showings. The other half was paperwork, and the small salary was really for that half.

The incentives were wrong from the first paycheck.

Watch a great administrator work and you’ll see somebody introverted and sharp, happiest with the door closed and the file open. A great buyer agent walks into an open house and leaves with three new friends. He was the second kind all the way through, and out there he was very good. The paperwork was never going to be him. He got frustrated. So did I.

Ask me whether I saw it coming. I didn’t.

The rule I give new team leaders now is simple. The day you have three months of an administrator’s salary in the bank, make the hire. I waited because it didn’t feel affordable, and the waiting cost more than the salary would have. The system I trained in says a right admin returns her pay five times over, because every hour they take off your desk goes back into the work that brings in business. Mine have returned closer to ten.

The hire after him was my first real administrator, and she stayed less than a year. We argued nearly every day, and every evening she built systems, and when she left, the systems stayed and trained everyone who came after her. Nobody tested either of them for the seat. Back then, nobody tested anybody.

A test at the door

This industry spent a long time telling me teams don’t work, that real estate is an individual sport. Then I sat down for an interview at Keller Williams, where I still work today, and nobody asked me about splits or lead flow. They wanted to know how I would build a team.

The training that followed handed me names for the roles and a way to hand work off without the client losing track of who’s holding it. There’s a chart in Gary Keller‘s “The Millionaire Real Estate Agent” that builds a team one seat at a time. It ended my improvising.

Nobody joins this team on a feeling anymore. Every candidate since around 2014 has taken a personality assessment before any offer: a DISC profile in the early years, now the KPA, a deeper read of a person. Twelve years of results, and not one has come back the opposite of who the person turned out to be. People surprise you in degree, not in kind.

More than once a profile has moved a good agent into a different seat, and the seat fit.

The discipline runs both directions. We interview ten to twenty people for one seat, and a new hire gets a 100 days: 30 of training, 30 of working while we watch, 30 on their own, and 10 days’ grace. If it’s wrong, you know by 60 days. Slow to hire, quick to fire. The longer the wrong person stays, the harder the goodbye, because you start depending on them.

Character before production

The training I came up in leads with its hiring standard, character before production, and it sounds soft until you try hiring that way. Production is a number someone posted last year in a market that no longer exists. Character is how a person behaves at nine at night when a deal is coming apart and the client is scared.

Hire for the second one and the first one follows.

Sellers arrive wanting three things: the highest price, the lowest commission, and a closing by the weekend. Somebody has to reset all three without losing the room, kindly and directly, as the expert. That is the listing agent’s chair. My best buyer agents are people-pleasers, and I mean that as praise. It’s the wrong instinct for that chair.

Small on purpose

There are teams in my market running 50 agents, and honestly I don’t know how they keep track of everybody. In 2025 my agents closed $65.5 million in volume, and the roster has never been larger than ten.

My admins stay. Eight years, 12 years and counting.

Between them, my agents speak seven languages. We hire people who sound like the families sitting across from us. A nervous first-time buyer sits down at our table, hears their own language come back at them, and everything after that is easier.

New team leaders ask me about doubt more than anything else. Through my first four or five years, real estate felt temporary, and law felt like the thing waiting once life settled down. The team got built during those years anyway, one hire at a time, by somebody who kept choosing to stay another year.

So, back to my first hire. I know exactly which seat that man should have been sitting in, and these days the seat gets built before the person walks in.

None of it felt certain when I started. I just kept hiring.

Shabana Pathan leads the Shabana Pathan Group at Keller Williams in Bethlehem, Penn.

This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners. To contact the editor responsible for this piece: tracey@hwmedia.com.

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The next competitive advantage for many large companies may not come from a new product, acquisition or artificial intelligence. It may come from something investors rarely celebrate: regulatory compliance.

As Washington expands oversight across trade, cybersecurity, healthcare, financial reporting, privacy, environmental standards and supply chains, compliance is evolving from a back-office legal function into one of Corporate America’s fastest-growing operating expenses. Companies are hiring more compliance professionals, investing in monitoring technology and redesigning internal systems—not because those investments generate revenue, but because failing to make them can become significantly more expensive.

The shift is occurring across nearly every major industry.

Manufacturers are strengthening supply-chain documentation to comply with expanding trade enforcement and forced-labor rules. Financial institutions continue investing heavily in anti-money-laundering systems, sanctions screening and cybersecurity. Healthcare providers face growing reporting and privacy obligations, while public companies are expanding internal controls and governance as regulators increase scrutiny of disclosures and operational risk.

The business impact extends well beyond avoiding fines.

Compliance has become a prerequisite for winning government contracts, entering regulated industries, securing financing and completing mergers and acquisitions. Buyers increasingly evaluate cybersecurity, internal controls, regulatory history and governance practices during due diligence, while lenders are placing greater emphasis on operational risk before extending credit.

That is changing capital allocation.

Executives once viewed compliance spending as an unavoidable cost. Increasingly, boards are treating it as an investment in protecting enterprise value. A single regulatory failure can trigger lawsuits, enforcement actions, reputational damage, customer losses and management distraction that far exceed the cost of prevention.

Technology companies are among the biggest beneficiaries.

Demand continues growing for governance software, identity management, cybersecurity, risk analytics, compliance automation and document management systems that help businesses satisfy increasingly complex regulatory requirements. Consulting firms, law firms, accounting firms and managed security providers are also seeing stronger demand as organizations seek outside expertise rather than build every capability internally.

Small and midsize businesses face a different challenge.

Unlike large corporations with dedicated compliance departments, many smaller companies must absorb new regulatory requirements with limited staff and tighter budgets. As a result, outsourced compliance services are becoming a rapidly expanding segment of the professional-services industry, allowing businesses to meet regulatory expectations without building large internal teams.

The broader business story is that regulation is increasingly shaping competition.

Companies that adapt quickly can enter new markets faster, complete acquisitions more efficiently and respond to regulatory changes with less disruption. Those that treat compliance as an afterthought often discover the cost only after an investigation, lawsuit or failed transaction.

Corporate America has always invested to grow. Increasingly, it is investing just as heavily to remain compliant. In today’s economy, protecting enterprise value is becoming almost as important as creating it—and that shift is quietly reshaping where billions of corporate dollars are being spent.

JBizNews Desk | Washington

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Reproduction or distribution without written permission is prohibited.

The steering committee on Tuesday approved the allocation of NIS 113 million to develop heritage sites for over 70 heritage sites across the West Bank as part of an initiative proposed by Finance Minister Bezalel Smotrich.

The funding is set to advance several projects meant to strengthen tourism in the region, including the preservation of heritage sites, making them accessible to the public, rescue excavations, and the development of infrastructure.

Smotrich’s proposal follows extensive work regarding heritage sites in the West Bank done by the Defense Ministry’s Settlement Administration, in cooperation with the Finance Ministry and the Civil Administration’s Archaeology Unit.

The archaeology unit is responsible for the preservation, management, and development of antiquities and archaeological sites in the West Bank, as well as preventing looting, antiquities smuggling, and illegal excavations in the region.

“This is a Zionist act of the highest order. A people without a past has no future,” said Smotrich of the initiative, adding that through the joint initiative, “we are advancing a historic and significant initiative to strengthen heritage sites, preserve the history of the Jewish people, and deepen our connection to the Land of Israel.”

 Israelis visit the site of the ancient village of Sebastia near the West Bank city of Nablus, on April 22, 2019 (credit: HILLEL MAEIR/FLASH90)

West Bank home to thousands of archaeological, heritage sites

West Bank heritage sites are a “national asset of the highest order” that have been neglected for many years, explained Smotrich. 

“Some of the sites did not receive sufficient investment, and we are now working to change that, to preserve, develop, and make them accessible to all Israeli citizens and visitors from around the world,” he said.

The West Bank is home to over 2,600 archaeological and heritage sites, including the Cave of the Patriarchs in Hebron, the Qumran Caves in the Judean Desert, and Sebastia. 

Several Christian and Muslim archaeological sites, including the Church of the Nativity, are also located in the West Bank.

Previous Israeli attempts to advance proposals regarding heritage and archaeological sites in the West Bank have been met with international condemnation, such as the attempt to pass a bill to form a Judea and Samaria Heritage Authority.

Gov’t approves 250m. NIS plan to preserve West Bank heritage sites

Back in May, the government approved a NIS 250 million plan to preserve heritage and antiquities sites across the West Bank, Jordan Valley, and the Judean Desert.

The plan was announced in a joint statement from the Prime Minister’s Office, the Finance Ministry, the Tourism Ministry, the Heritage Ministry, and the National Missions Ministry.

New heritage centers, set to serve as research and educational facilities and visitor centers, will be constructed at sites in these areas in order to bolster “the connection of the Israeli public to the Jewish people’s historic assets in the region.”

Additionally, a multi-year plan worth tens of millions of shekels would be put in motion to upgrade existing infrastructure and hopefully turn the sites into major tourist destinations.

The plan also seeks to intensify efforts to prevent the looting and destruction of antiquities in the region.

“There is a need to create a permanent, regulated civilian and tourist presence that serves as a meaningful deterrent against looting and destruction of antiquities, as well as strengthening the public’s connection to the historical identity of the region,” the statement explained.

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Blue Bird Airways will expand its Tel Aviv-Amsterdam service to four weekly flights beginning August 10, as airlines add capacity during one of the busiest periods of the Israeli travel season.

The Greek carrier will operate the route on Mondays, Tuesdays, Wednesdays, and Saturdays. One-way fares will begin at €164, according to the company.

The additional flight comes as Ben-Gurion Airport prepares for heavy traffic throughout August. Some 2.6 million passengers are expected to pass through the airport during the month, with daily traffic projected to reach between 90,000 and 95,000 passengers on most weekdays. Five dates in August are expected to see approximately 100,000 travelers.

“We are seeing a steady increase in demand for flights to Amsterdam from both leisure and business travelers,” said Arnon Englender, one of Blue Bird Airways’ owners.

“Adding a fourth weekly flight allows us to better meet this growing demand while offering our customers greater flexibility and more convenient travel options,” he said.

Aircraft depart from Ben-Gurion Airport during the US-Israel war with Iran, March 16, 2026 (credit: YOSSI ALONI/FLASH90)

The flight from Israel to Amsterdam takes approximately five and a half hours, according to Blue Bird. Amsterdam’s Schiphol Airport is connected to the city center by trains and buses, with the journey generally taking about 20 minutes.

Amsterdam expansion part of broad increase Blue Bird operations

The Amsterdam expansion is part of a broader increase in Blue Bird’s operations from Israel. In May, the airline announced three additional summer routes from Tel Aviv to Burgas in Bulgaria, Chania in Crete, and the Greek island of Kos.

Blue Bird is owned by the Israeli tourism group Kavei Hufsha, or Holiday Lines, which acquired the Greek airline in 2016. The group, owned by Englender and Ami Cohen, also owns Cypriot carrier TUS Airways and the Israeli tourism websites Daka 90 and Blik Tourism.

The airline has increased its presence at Ben-Gurion Airport during the prolonged instability affecting Israel’s aviation market. Blue Bird and TUS continued operating for much of the period in which numerous international airlines suspended their Israel services.

Blue Bird was also among the first foreign airlines to return after commercial aviation was sharply curtailed following the outbreak of the Israel-Iran war on February 28. It resumed Tel Aviv-Athens flights in April, initially operating daily service in each direction.

The fourth Amsterdam flight gives Israeli travelers another option on a major European route as demand for summer travel continues to recover and foreign-airline activity at Ben-Gurion Airport gradually expands.

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US Secretary of State Marco Rubio said on Tuesday that there has been progress made in discussions with Iran and Oman on getting more ships through the Strait of Hormuz, but no final agreement has been reached.

“There’s been progress made in those talks, but not finality yet. We’re hoping that will happen very shortly,” Rubio told reporters at the State Department.

Qatar’s Ministry of Foreign Affairs confirmed that Qatar and Pakistan are working with Oman to facilitate communication between Iran and the US.

Advisor to Qatar’s Prime Minister and Official Spokesperson for the Ministry of Foreign Affairs, Dr. Majid bin Mohammed Al-Ansari, said during a briefing on Tuesday that the goal of the regional effort is to soothe tensions enough to allow for direct US-Iran dialogue to continue. 

This is a developing story.

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An Israeli tourist and military reservist was harassed and physically attacked at a café on Siargao Island in the Philippines on Monday, according to the Diaspora Ministry. 

The incident began when a Spanish tourist approached the Israeli tourist and asked where he was from. According to the ministry, upon learning that the man was from Israel, the suspect began shouting accusations such as “baby killer” and “genocide” while threatening to kill him. 

Video footage of the incident circulating on social media showed the escalating confrontation outside the café at night.

The report noted that the Israeli reservist attempted to de-escalate the situation and avoid a physical confrontation, warning the attacker that he was being recorded and asking him to step away. Despite these warnings, the Spanish tourist threw the first punch and initiated a physical incident. 

Although physically larger, the attacker was overpowered by the Israeli reservist during the subsequent struggle. The video footage showed the reservist pinning the attacker and restraining him on the floor. 

Israeli reservist called “baby killer” by Spanish tourist in Thailand

Although physically larger, the attacker was overpowered by the Israeli reservist during the subsequent struggle. The video footage showed the reservist pinning the attacker and restraining him on the floor. 

During the altercation, the video captured the attacker shouting demands in English, telling the reservist to “stop it” and asking: “Do you understand what I’m saying?” 

The reservist maintained control and responded by telling him: “If you don’t understand what I’m saying, I will kill you.”

Local police responded to the scene and took the Spanish tourist into custody, according to the ministry. Law enforcement ultimately ruled in favor of the Israeli tourist and ordered the attacker to pay financial compensation to cover the victim’s medical expenses for a broken finger sustained during the incident, which later required surgery in Thailand. 

The ministry’s report also noted that the attacker was recorded providing a formal video apology.

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An exhibition of political cartoons about the exemption of the ultra-Orthodox from military service was vandalized on Monday ahead of the opening of the Animix International Animation, Cartoon and Comics Festival at the Tel Aviv Cinematheque.

The festival, which opened on Tuesday, traditionally addresses major social issues through animation and political cartoons. One of this year’s featured exhibitions, titled “The Black Army,” focuses on haredi (ultra-Orthodox) opposition to military conscription and includes works by many of Israel’s leading cartoonists.

According to the festival organizers, while the exhibition was being installed in the plaza outside the Tel Aviv Cinematheque on Monday, a young man wearing a kippah confronted organizers and Tel Aviv Cinematheque CEO Tomer Cohen. They said he tore down and damaged parts of the exhibition before attempting to flee.

Festival staff and Cohen reportedly pursued him for about an hour while waiting for police, who arrived only after the suspect escaped in a taxi.

The organizers said they worked to restore the damaged exhibition, which opened as scheduled on Tuesday and which runs until August 8.

Cartoon drawn in response to the incident showing many people attending Animix while a haredi man says, ''We should be charging.'' (credit: Boris Dickerman/courtesy of Animix)

Cartoon festival is working to repair damaged exhibition

“This is the first time in the festival’s 26-year history that something like this has happened,” said Animix artistic director Nissim (Nusko) Hezkiyahu. “The festival has always addressed social and political issues, and there is no issue more divisive in Israeli society today than military conscription.

“We are sorry that extremists are trying to undermine freedom of expression, but this act will not deter us. On the contrary, it only underscores the importance of the exhibition. It always starts with one extremist who cannot tolerate free expression and illustration, and from there it escalates.”

“Fortunately, our team is already repairing the exhibition, and it is expected to open tomorrow as planned. We invite everyone to come. Vandals, we’ve had enough of you,” he added

Several of the cartoonists whose work appears in the exhibit drew cartoons of their own in response. 

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Israeli cybersecurity company Vega announced on Tuesday the launch of Detection Skills, an open standard designed to help security teams capture, share, and automate the reasoning used by experienced defenders to detect and investigate cyber threats.

The framework, which is available to companies regardless of whether they use Vega’s products, combines threat detection, alert triage, investigation, and continuous improvement into reusable AI-powered workflows.

Vega publicly released the framework through DetectionSkills.io and GitHub ahead of Black Hat USA 2026 in Las Vegas, where the company is demonstrating the technology.

Traditional cybersecurity systems have generally relied on detection rules that identify previously recognized patterns of malicious activity. Vega said this approach has become harder to maintain as artificial intelligence allows attackers to develop and alter their techniques more rapidly.

Detection Skills is intended to document both the conditions that should trigger an alert and the process that an experienced cyber defense engineer would follow to determine whether the alert represents a genuine threat.

Wink AI aims to fix blurry, noisy and low-quality media. (credit: SHUTTERSTOCK)

New Vega standard helps security teams automate threat detection

Each “skill” can specify what evidence an AI system should examine, which activity should be escalated, and when an alert can be dismissed. The resulting investigation includes the evidence collected and an explanation of how the system reached its conclusions.

“AI-driven adversaries bypass static rules in every legacy SIEM, and no rule catches an attack it has never seen,” Vega co-founder and chief technology officer Eli Rozen said.

“Detection Skills answer with scaled AI reasoning that brings the judgment of your best cyber defense engineers to every alert, in real time,” he added. “We made the standard open to ensure the whole industry rises with it: As attacks scale, defense compounds.”

Vega said the framework does not make changes to an organization’s systems without human approval. Security engineers retain access to the AI’s reasoning, including the information it reviewed and the basis for its decisions.

The framework was built on the Agent Skills concept originally developed by artificial intelligence company Anthropic and adapted specifically for cybersecurity operations.

Vega compared the initiative to Sigma, an open format widely used to describe security detection rules. Detection Skills is intended to provide a similar common language for AI-assisted detection, triage, and investigation.

The initial release includes an Agentic Detection Library containing more than 35 skills developed by Vega Research. It also provides a sandbox where security teams can build, test, and export their own standards-compliant skills.

The framework is designed to work with existing cybersecurity infrastructure, including traditional security information and event management platforms, cloud storage systems, and data lakes. Vega said companies can adopt it without replacing their current security products or moving their data to a centralized system.

The Vega Cyber Defense Platform serves as the reference implementation of the open standard. The platform is built on Vega’s Security Analytics Mesh technology, which allows detection and investigation processes to run directly on data stored in different systems.

Rushmere Fernandes, deputy chief information security officer at Peloton, said the company had begun using the framework to encode its own internal alert-triage procedures.

“Every skill we ship gives us more explicit control over what the AI checks, escalates, and dismisses,” Fernandes said. “The result is a queue we trust: fewer false positives, and every verdict arrives with its reasoning attached.”

Shawn McGhee, chief information security officer at Exemplar Luxury Group, said the system could help retailers maintain their cybersecurity operations during periods of unusually high customer activity.

“Retail runs on peak moments, and attackers know exactly when those are,” McGhee said. “The expertise is written down, it runs on every alert, and it holds up when volume spikes.”

Lamont Orange, chief information security and trust officer at Israeli data-security company Cyera, said an open and transparent standard could help the cybersecurity industry respond collectively to increasingly capable attackers.

“An open standard for how detection decisions get made – auditable, transparent, shared – is how trust gets built at industry scale,” Orange said.

Vega was founded in 2024 and has raised $185 million from investors including Accel, Cyberstarts, Redpoint, and CRV. The company said its customers include Fortune 200 corporations, international banks, and healthcare providers.

Vega is presenting Detection Skills at Booth 3452 during Black Hat USA 2026.

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The US Army has used up much of its stockpile of highly accurate long-range missiles during its five-month war with Iran, according to three people familiar with the data, raising concerns about the military’s readiness for future conflicts.

The missiles are principally the Army’s surface-to-surface weapons, known as Army Tactical Missile Systems (ATACMS) and Precision Strike Missiles (PrSM). The US has used “virtually all” of these weapons, according to two of the sources.

The degree to which the military is running out of ATACMS and Precision Strike Missiles has not been previously reported.

The long-range munitions – which cost more than $1 million each – are an important part of the military’s arsenal, allowing accurate strikes from a safe distance. US-supplied ATACMS have played a key role in the war in Ukraine, allowing Ukrainian forces to attack targets inside Russia. The PrSM is a newer, more advanced generation that will replace the ATACMS, which have a shorter range.

The dramatic rundown in precision, long-range missiles means US President Donald Trump may have to rely more on riskier, piloted bombing missions if he relaunches large-scale attacks on Iran.

The sources declined to say how many of each munition the US had left.

A munition is launched from a U.S. warship at an unknown location, during what U.S. Central Command (CENTCOM) says are strikes on Iran, in this screen grab taken from a handout video released on July 18, 2026. (credit: US CENTRAL COMMAND/HANDOUT VIA REUTERS)

Trump launched the Iran war jointly with Israel in February, predicting that the conflict would last a short time.

But as the war drags on, the three people familiar with the matter expressed worry that the falling missile supplies could limit the US ability to deter adversaries, including Russia and China.

A fourth person familiar with the matter said that while US Central Command (CENTCOM) – which oversees US forces in the Middle East – has nearly used up the land-based missiles it had before the war began, it has been able to reload from US military supplies elsewhere in the world.

The sources interviewed for this story spoke on the condition of anonymity.

Asked for comment on the stockpile data, the White House issued a statement from Trump, saying the US had “far more munitions than anyone in the world” and “far more than we need.”

“Our defense companies are, at this moment, making more munitions than they have ever made before, in addition to expanding their plants and equipment at record levels,” Trump said.

Arms production is up but may fall short of what is needed for prolonged war

Analysts agree that certain munitions, including artillery shells and several types of missiles, are being produced at record levels but caution that supplies might fall short of what is needed for a prolonged war.

Lockheed Martin, which makes the ATACMS and PrSMs, along with the anti-ballistic missile THAAD system, did not immediately respond to questions about Trump’s statements or about supply levels. Raytheon, which makes Tomahawk missiles and Patriot interceptors, two important US weapons, also did not immediately respond.

Responding to a request for comment, chief Pentagon spokesperson Sean Parnell said: “America’s military is the most powerful in the world and has everything it needs to execute at the time and place of the President’s choosing. We have executed multiple successful operations across combatant commands while ensuring the US military possesses a deep arsenal of capabilities to protect our people and our interests.”

The supply figures have circulated inside the federal government over the last week during tense conversations inside the Trump administration about how much longer the US can continue striking Iran without drawing down the stockpile to levels that would limit the military’s ability to respond to crises elsewhere.

Warnings over dwindling weapons supplies

One of the sources said the drawdown of the ATACMS and PrSM stockpiles reflected a decision by the Trump administration to avoid riskier ways of attacking Iranian targets, such as by using piloted aircraft to drop bombs.

Because these weapons allow the military to attack targets from a distance, analysts say they would be valuable in a war against an adversary with strong air defenses, such as China. They have been used to strike targets inside Iran, according to a March report by the Center for Strategic and International Studies (CSIS).

According to the report, PrSM stockpiles were low to start with, since it is a relatively new munition, but the US military has ordered a large number of them for 2027. The Army has said that ATACMS are being phased out and that production is shifting to the newer PrSM missiles.

Military leaders have for weeks warned the president that stockpiles of defensive weapons – including Patriot interceptors, which are effective against ballistic missiles – were dwindling, said two of the sources. Last week, several media outlets reported Trump had decided not to launch another massive offensive inside Iran in part because his military advisers had warned about the US stockpile.

A US official disputed those accounts, saying Trump chose not to move forward with another attack because of pressure from Gulf states.

The Middle East conflict has sparked intense debate about Trump’s authority to prosecute hostilities against Iran without congressional authorization. No request for a declaration of war or an authorization to use military force has been submitted to Congress.

Defensive weapons stockpiles also diminishing

Last week, CSIS published a report estimating that between February and July about 65% of Patriot interceptors had been expended and that the number of THAAD ballistic missile interceptors in US stockpiles was at least 38% lower than at the start of the war. Patriots and THAADs are systems that detect and destroy incoming missiles and are among the most effective in the country’s arsenal.

THAAD missile defense battery (credit: REUTERS)

While Reuters has not seen the supply figures, those numbers match internal US data, two of the sources said.

The US also burned through a little less than half of its global supply of Tomahawk cruise missiles, which are generally launched from ships, since the start of the war, one of the sources said.

Reuters could not independently verify that number.

The Tomahawk is a Navy weapon, launched from destroyers, cruisers and submarines, and has long served as the sea service’s principal means of striking heavily defended targets without risking pilots.

Raytheon, a unit of RTX, has reached a tentative multi-year agreement with the Pentagon aimed at boosting Tomahawk production, alongside increases in other munitions, as Washington races to rebuild stockpiles.

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While the homebuilding conversation remains heavily focused on mortgage rates, affordability and buyer demand. But behind those challenges, another structural shift is reshaping which builders can pursue land, maintain production and act on growth opportunities: access to capital.

Homebuilder capital strategy is no longer simply a financing decision made after land is identified or a project is approved. Increasingly, it determines which opportunities private homebuilders can pursue in the first place.

The builders best positioned over the next several years may not simply be those with the strongest operations, but those that intentionally develop multiple sources of capital as part of their long-term business strategy.

Affordability pressure continues to shape demand

The average 30-year fixed mortgage rate has reached 6.6% as of July 30th, according to Freddie Mac. Meanwhile, the first-quarter National Association of Homebuilders (NAHB)/Wells Fargo Cost of Housing Index found that the mortgage payment on a median-priced new home required 32% of a typical family’s income.

NAHB estimates that 88.2 million households, 65% of U.S. households, could not afford a median-priced new home at a 6% mortgage rate. Those constraints are flowing directly into builder strategy. In July 2026, builder confidence remained below 40 for the 15th consecutive month, while 37% of builders cut prices and 63% used sales incentives.

For builders, weaker affordability does more than affect sales pace. It can extend absorption timelines, increase carrying costs and make lenders more cautious about new acquisition and development loans.

Credit pressure compounds the challenge

Builders are navigating both a difficult sales environment and a fundamentally altered lending market. Credit measures in NAHB’s first-quarter AD&C Financing Survey remained negative for the 17th consecutive quarter. Effective interest rates ranged from 9.36% for land acquisition loans to 11.68% for pre-sold single-family construction.

“The banks that used to lend to homebuilders ten years ago are fundamentally different lenders today with concentration limits, regulatory capital requirements, and balance sheet pressure,” said Tony Avila, CEO of Builder Advisor Group. “The builders gaining ground right now have figured that out and are building capital strategies that don’t depend on relationships going back to the way they were.”

For private homebuilders, relying on one or two regional banking relationships now creates material operational risk. A lender’s decision to reduce exposure or change underwriting standards can delay a viable project, regardless of the strength of local demand.

Homebuilder capital optionality has become a competitive advantage

Public builders continue gaining market share for many reasons, but one of the least discussed is access to multiple forms of capital. Large builders now combine internal cash flow, revolving credit facilities, bond markets, land banking, institutional equity and private credit.

That optionality allows them to continue acquiring land, maintain production and act on opportunities when competitors cannot. The importance of capital access is becoming more visible as consolidation accelerates. The share of builders reporting increased merger and acquisition activity in their local markets rose from 14% in August 2025 to 21% in June 2026, according to an NAHB homebuilder survey.

Private homebuilders do not need to replicate the capital structures of public companies, but they may need to adopt the same underlying principle: No single source of homebuilder financing should determine the company’s ability to grow.

Developing relationships with banks, private lenders, land bankers and equity partners before a specific need arises will give builders more ways to finance projects and respond when market opportunities emerge. In this environment, homebuilder financing is becoming less about finding one preferred lender and more about creating a network of capital partners suited to different projects, timelines and risk profiles.

Why residential expertise changes the capital conversation

Access to homebuilder capital alone is not enough. Residential development differs from conventional commercial lending because every project involves unique entitlement timelines, municipal requirements, development budgets, finished-lot strategies and absorption expectations.

“The question we always ask is: would we take this loan if we were the builder? That comes from actually having been in the field — managing development budgets, working through entitlement delays, watching absorption play out in real communities,” said Avila. “We’re asking about the municipality, the finished-lot strategy, and what the absorption curve actually looks like in that submarket. Builders notice the difference pretty quickly.”

Preparing for the next 24 to 36 months

Affordability challenges will likely remain, with the strongest private builders not being those with the lowest borrowing costs. They may be those that treat access to multiple forms of capital as a long-term operating discipline. The ongoing pressure from larger builders shows no signs of slowing down, meaning the market now favors builders who secure capital relationships ahead of expansion opportunities.

“The conversation shifts from ‘here’s our loan request’ to ‘here’s what we’re trying to build and does this make sense?’” said Avila. “That’s a better outcome for both sides, and it makes us a more disciplined lender.”

As the market becomes more selective, capital readiness will increasingly shape competitive position. For private builders, the new growth strategy is not simply securing financing for the next project. It is building the capital network that gives the company more choices for the projects that follow.

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A half-billion-dollar bond backed by rent-stabilized apartments across four New York City boroughs has become the clearest test yet of whether institutional capital will keep financing the city’s regulated housing stock — and the numbers are not encouraging.

The commercial-property bond, secured by the mortgage on 53 buildings in Queens, Brooklyn, Manhattan and the Bronx, has accumulated more than $5.5 million in past-due interest after payments to its riskiest tranches came up short. Analysts at KBRA Credit Profile now value the properties at roughly $460 million, against an appraisal of about $717 million when the bonds were sold five years ago — a gap implying losses of more than $80 million for bondholders. Bondholders escalated foreclosure efforts against the portfolio last month in an attempt to salvage their position.

The underlying loan has been troubled for two years. JPMorgan Chase originated the $506.3 million mortgage in 2021 as part of a single-borrower securitization backed by 3,531 rental units across the four boroughs. The loan carried a June 9, 2024 maturity date and required an expensive interest rate cap to secure an extension. Servicer KeyBank issued a notice of default to borrower A&E Real Estate on June 11 of that year. Roughly 85 percent of the portfolio’s units are rent regulated, concentrated in Upper Manhattan, the Bronx and parts of Queens, and the loan failed to meet its 5.6 percent minimum debt yield requirement needed to exercise extension options. A $93.7 million mezzanine loan sits behind the senior debt, and the portfolio’s largest asset is Riverton Square in Harlem, a 1,200-unit complex that is about 80 percent rent-regulated.

Morningstar DBRS placed the loan on review for downgrade in October, noting that occupancy across the portfolio has stayed above 85 percent since 2019 while expense growth outran rent growth, partly because of the increase caps set by the Housing Stability and Tenant Protection Act of 2019.

Onto that already-strained arithmetic lands the rent freeze. The city’s Rent Guidelines Board voted 7-1 in late June to freeze rents on both one-year and two-year leases covering roughly 1 million rent-stabilized apartments, about 27 percent of the housing stock across the five boroughs. The freeze takes effect October 1 and runs through September 30, 2027. It marks the first time in the board’s history that both lease terms received a zero percent increase, and the first freeze since the 2019 overhaul eliminated many of the mechanisms owners previously used to raise rents on vacated units.

Mayor Zohran Mamdani campaigned explicitly on the promise and has pledged to pursue a freeze in every year of his term. Tenant advocates argue the relief is overdue in a city where housing costs have outrun wages for a decade, and the board’s own vote reflected that view decisively.

Owners and lenders read the same policy as a solvency question. The Community Preservation Corporation estimates that if rents stay frozen through all four years, average net operating income per stabilized apartment citywide would fall from about $4,508 to $2,929 — before debt service. In the Bronx, home to the largest concentration of stabilized units, the figure would swing from $266 to negative $1,313. A building generating negative operating income cannot fund a new roof, let alone a mortgage payment.

The distress is not confined to one portfolio. KBRA found New York City multifamily distress reached 14.4 percent, split sharply by building age: properties built before 1974, which include most rent-stabilized stock, showed a 25.1 percent distress rate by balance against 2.9 percent for post-2000 properties. Manhattan led the boroughs at 29.8 percent, followed by Queens at 7.5 percent and Brooklyn at 3.2 percent. A separate bankruptcy auction covering roughly 5,200 rent-stabilized apartments drew a $450 million floor bid from Israeli firm Summit Real Estate Holdings against the owner’s own $826 million valuation — a 46 percent gap.

For tri-state property owners and the lenders who finance them, the practical question is what a stabilized building is worth when its income is capped by policy while insurance, labor, fuel and water charges are not. Every discount to the last appraisal resets the borrowing base for the next refinancing, and small owners without institutional balance sheets feel that tightening first.

Where the buildings end up matters as much as who takes the loss. Foreclosure transfers ownership; it does not repair a boiler or fund a facade. Whether the next owner of these 53 buildings arrives with fresh equity and a maintenance plan, or simply a lower basis and the same squeezed income, will say more about the future of the city’s regulated housing than any single bond’s recovery rate.

JBizNews Desk | New York

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Wayfair reported its strongest domestic growth and best cash generation since the pandemic boom on Tuesday, and Wall Street treated the numbers as the clearest evidence yet that American households have started buying furniture again after two years of holding off.

Sales in the Boston-based retailer’s largest market grew 8.7% to $3.1 billion in the three months ended June 30 — the most that region has expanded since 2020, when the home goods industry surged and Wayfair’s business grew 55%. Free cash flow reached $301 million, also the strongest since 2020.

Total revenue rose 7.5% year over year to $3.52 billion, ahead of the roughly $3.47 billion analysts expected, with adjusted earnings of $0.95 a share against a $0.92 consensus. Adjusted EBITDA came in at $242 million, a 6.9% margin, beating the $230 million estimate. Operating margin was 3%, up from 0.5% a year earlier, and free cash flow swung from negative $106 million in the prior quarter.

Orders delivered totaled 10.6 million against estimates of 10.3 million, and active customers reached 21.7 million versus expectations of 21.5 million, according to StreetAccount. Average order value was the one soft spot at $332, below the $337.57 anticipated. That still marked an increase from $328 a year earlier, and the company closed the quarter with $1.1 billion in cash and equivalents. Trailing twelve-month revenue per active customer rose 4.2% to $596.

The Share-Gain Story

Management was explicit that the growth is coming out of competitors’ hides rather than from a healed housing market. Finance chief Kate Gulliver told CNBC the company is taking share primarily from traditional brick-and-mortar rivals while the housing market remains “stalled.” That distinction matters for reading the print as an industry signal: existing-home turnover is the single largest driver of furniture purchases, and it has not recovered.

The luxury end is doing the heaviest lifting. Co-founder and CEO Niraj Shah said specialty retail brands grew by nearly 20% in the quarter and Perigold, the company’s high-end banner, grew more than 35%, calling it the best sequential second-quarter growth since 2020. Gulliver said higher-income consumers continue to drive demand.

The split runs through the whole report. While U.S. revenue climbed $251 million, international net revenue fell 1.3% to $394 million. Adjusted gross profit rose to $1.06 billion from $986 million a year earlier, and adjusted EBITDA improved from $205 million.

Guidance and the Stock

On the earnings call, Wayfair guided to high single-digit revenue growth for the third quarter with an adjusted EBITDA margin of 6% to 7%. Executives also noted that trailing twelve-month stock-based compensation is down roughly 40% from two years ago, and said contribution margin should come in at or slightly better than the second quarter.

Shares jumped 19.03% to $106.31 in premarket trading, according to Benzinga Pro. The stock held those gains into the open, surging nearly 19% in early trading. Part of that move is mechanical: the short float stands at 14.75 million shares, or 18.38% of the publicly traded float — an exceptionally high level of short interest.

The setup explains the violence of the reaction. After first-quarter results, analysts broadly acknowledged improving execution and share gains but cut price targets anyway on a soft home-furnishings category and thin near-term catalysts — Citi to $95, Mizuho to $90, Baird to $76, Morgan Stanley to $110. Goldman Sachs went to $79 with a Neutral rating and TD Cowen to $75 with a Hold. Tuesday’s print arrived against expectations that had already been marked down.

The Caveats

Wayfair, a pandemic darling, has been working to return to consistent growth and better profitability while the broader home goods market stays under pressure from tariffs, a sluggish housing market and a cash-strapped consumer. The longer arc is less flattering than the quarter: active customers have declined at a 2.2% annual rate over the past two years, even after the 700,000 added in the second quarter.

Profitability also remains a non-GAAP story. On a GAAP basis the company lost $2.44 a share in 2025, and its only annual GAAP profit since its 2014 listing came in 2020. The first quarter of this year produced a $105 million net loss despite $151 million in adjusted EBITDA.

What Tuesday establishes is narrower than a category recovery but more durable than a beat: a domestic consumer at the upper end who is spending on the home again, and an operator converting that into cash for the first time in five years. Whether the rest of the market follows depends on the housing turnover that Gulliver says is still stalled.

JBizNews Desk | New York

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U.S. equities opened sharply higher Tuesday morning, with the Dow and S&P 500 pushing into record territory as blowout earnings from two very different corners of the American economy — AI software and heavy machinery — collided with fresh signals that the Strait of Hormuz could reopen within days.

As of 10:15 a.m. Eastern, the Dow Jones Industrial Average was up 659.82 points, or 1.24%, at 53,838.23, building on Monday’s record close. The Nasdaq Composite led the majors, adding 407.29 points, or 1.57%, to 26,321.19. The S&P 500 was up 0.97%, on pace for a record close of its own, while the Russell 2000 gained 0.64% to 3,001.02.

The rally extends Monday’s advance, when the Dow settled at an all-time high of 53,178.41 after gaining 693.38 points, the S&P 500 closed at 7,600.50 and the Nasdaq finished 2.1% higher at 25,913.9. Monday’s move marked a sharp reversal from July’s technology-led selloff as investors regained confidence that heavy artificial intelligence spending is still generating returns.

The catalyst on the geopolitical side came before the bell. Treasury Secretary Scott Bessent told CNBC that the United States is in talks with Iran and that an agreement to open the Strait and move toward a more normalized position in the conflict could come Tuesday or Wednesday. Crude reversed hard on the remarks, and the equity market read the same headline as a discount on input costs across transport, chemicals, packaging and retail.

Market Movers

Palantir (PLTR) — Shares ripped more than 23% in early trading after second-quarter results powered by a nearly 150% surge in U.S. commercial revenue. Revenue came in at $1.94 billion against estimates of $1.80 billion, with adjusted earnings of 41 cents a share versus 35 cents expected, and the company raised full-year sales guidance above Street forecasts. Management now expects commercial revenue to grow 134% this year.

Caterpillar (CAT) — The industrial bellwether climbed 8% premarket after beating expectations across the board. Adjusted earnings hit $8.17 a share, up from $4.72 a year earlier and well above the $6.20 consensus, on sales and revenues that rose 24% to $20.5 billion — the first quarter in company history above $20 billion, according to CEO Joe Creed. AI-driven demand at its power-generation business was cited as a key driver.

McDonald’s (MCD) — Up roughly 1.9% on a mixed print: adjusted earnings of $3.38 a share topped the $3.32 consensus, while revenue of $7.1 billion came in just under the $7.13 billion expected.

Merck (MRK) — Gained more than 1% after posting an adjusted loss of 13 cents a share on revenue of $16.61 billion, against expectations for a 27-cent loss on $16.36 billion, and raising full-year revenue guidance.

Pfizer (PFE) — Advanced after earning an adjusted 77 cents a share on $15.03 billion in revenue, beating the 68 cents and $14.41 billion expected, and lifting the low end of its full-year outlook.

On Semiconductor (ON) — Surged 7% on 74 cents a share, ex-items, on $1.6 billion in revenue, ahead of the 71 cents and $1.59 billion expected, with better-than-anticipated margins.

Snap (SNAP) — Rose 5% following its quarterly report.

SpaceX (SPCX) — Up 2.97% ahead of the company’s first quarterly earnings report as a public company, due after the close.

Commodities

Brent traded 3% lower at $81.24 a barrel and West Texas Intermediate lost nearly 4% to $77.22, with both contracts having been higher earlier in the session before Bessent’s comments. Crude had climbed toward $81.80 earlier Tuesday, recovering part of Monday’s sharp losses, as Iran denied that direct talks with Washington are underway while saying discussions with Oman on increasing shipping through the Strait are progressing. WTI settled around $80 on Monday after losing about 5%.

Supply-side news added to the pressure: Turkey and Iraq extended a key oil pipeline agreement by another year, Kazakhstan resumed crude flows through the Caspian Pipeline Consortium after a brief disruption, and OPEC+ approved another modest production increase, completing the restoration of cuts introduced in 2023.

Gold rose 1.34% to $4,145.50 an ounce.

Rates

Treasury yields followed oil lower. The 10-year note yield fell more than four basis points to 4.635%, the two-year slipped more than six basis points to 4.194%, and the 30-year bond shed three basis points to 5.199%.

What’s Ahead

After the close, results arrive from SpaceX and Advanced Micro Devices, along with Arista Networks, Amgen, Gilead Sciences, Booking Holdings and Emerson Electric. Analysts are projecting second-quarter revenue of $11.28 billion and adjusted earnings of $1.61 a share from AMD.

The broader earnings picture has been the quiet support underneath the move. Bank of America Securities puts the second-quarter beat rate at its highest going back to 2021, with 77% of S&P 500 companies reporting above expectations.

The caution is that the market has traded this script before. Vital Knowledge founder Adam Crisafulli noted that investors are keeping their enthusiasm in check, with the view that the conflict likely has further to run before any resolution.

JBizNews Desk | Wall Street

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A new report by LinkedIn ranked the top 50 colleges in the U.S. based on how they prepare students for long-term success in their careers based on a range of factors that leverage the career networking platform’s data.

The report uses LinkedIn data to rank colleges based on five categories, including job placement, internships and recruiter demand, career success, network strength and knowledge breadth.

The job placement data tracks cohorts of recent graduates from 2020 to 2025 who start a full-time position or graduate school program within a year of their graduation, while network strength tracks how connected recent alumni cohorts are to each other as well as to all past alumni and current students.

“We’re seeing students think about career success differently than previous generations. They want to build skills, grow their networks and position themselves for a labor market that’s rapidly changing,” said Andrew Seaman, editor-at-large for jobs and careers development at LinkedIn.

SOUTHERN CITIES DOMINATE RANKINGS OF BEST JOB MARKETS FOR NEW COLLEGE GRADUATES

“In today’s slower hiring market, professional relationships can make a meaningful difference. Skills and experience remain critical, but a strong alumni network can help open doors throughout a career, whether that’s through internships, mentorship, professional guidance, or new job opportunities,” Seaman added.

Compared with last year’s report, 43 of the top 50 schools, or 86%, returned to the rankings this year, which LinkedIn explained shows the continued strength of institutions that consistently prepare graduates for long-term career success.

US WORKERS INCREASINGLY TRAPPED IN THE ‘GREAT DETACHMENT’ AS HIRING SLOWS, REPORT SHOWS

Seven new schools debuted in the rankings, including Middlebury College (No. 37), Claremont McKenna College (No. 40), Washington University in St. Louis (No. 42), University of North Carolina at Chapel Hill (No. 45), Davidson College (No. 47), Williams College (No. 48) and Bowdoin College (No. 49).

There was modest movement in the top 10 compared with last year’s edition of the report, with Princeton and Duke holding firm in the top two spots. Harvard rose to third and Dartmouth to fifth, while Yale returned to the top 10 with a ninth-place ranking.

WHY 529 PLANS REMAIN A POWERFUL TOOL FOR COLLEGE, TRADE SCHOOL SAVINGS

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Federal regulators cleared the smallest member of Boeing’s 737 Max family for commercial service on Monday, closing out one of the longest certification programs in modern aviation and removing the last major regulatory obstacle standing between the planemaker and hundreds of undelivered jets.

The Federal Aviation Administration issued an amended type certificate and an updated Production Limitation Record for the 737 MAX-7 after almost a decade of review, saying the approval followed sustained work to resolve complex technical issues and a full examination of the airplane’s design and supporting safety analyses. Regulators performed or directly reviewed work on flight controls, system safety assessments, human factors, and flightcrew alerting, and required testing, design changes, and additional analysis along the way. Before signing off, the agency required the aircraft to incorporate updates to its flight-control software and flightcrew alerting system, plus a redesigned engine anti-ice system, addressing requirements in the Aircraft Certification, Safety, and Accountability Act and NTSB recommendations.

The anti-ice redesign was necessary after Boeing determined that extended use of the system in dry conditions could overheat part of the engine. The test program dated back to 2018 and ran to more than 1,000 hours of flight and ground testing.

Investors treated the news as a turning point. Boeing shares climbed 7.4 percent to roughly $232 by mid-afternoon Monday, pushing the stock into positive territory for the year at up 5.7 percent since January. The reason is straightforward: manufacturers collect the bulk of an aircraft’s price when they hand it to the customer, making certification the gate that converts backlog into cash.

That backlog is substantial. Boeing said the 737 MAX family order book now exceeds 7,200 airplanes, with more than 2,300 delivered through the end of June. The 737-7 carries 135 to 160 passengers with a range of up to 3,800 nautical miles, and Boeing says it burns about 20 percent less fuel and produces roughly 50 percent less noise than the jets it replaces. Boeing lists 282 unfilled orders for the Max 7, ordered predominantly by Southwest Airlines. Southwest is replacing 286 older 737-700s and expects roughly a 14 percent improvement in fuel burn; Allegiant Air holds 24 orders.

Nobody has waited longer than Southwest. The carrier flies a single aircraft family, which means a delay in one variant reshapes its entire fleet plan. It has kept aging 737-700s in service years past their intended retirement, absorbing the maintenance and fuel penalty that comes with a twenty-year-old airframe.

Relief will not be immediate. Boeing said it and Southwest are preparing the first aircraft for delivery, including bringing already-built jets up to the final certified configuration, and continues to expect the first 737-7 handover in 2027. Southwest has said it needs roughly six months after certification to add the type to its operating specifications. Boeing has built around 30 Max 7s and nine Max 10s, according to aviation analytics firm Cirium.

Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said the approval “validates the rigor of our airplane’s design” and credited the development team’s persistence through the pandemic and a shift to new certification procedures.

The oversight does not end here. The FAA said it will keep personnel on site at Boeing facilities across the country to monitor manufacturing and safety practices. That posture dates to the 2018 and 2019 crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302, which killed 346 people and prompted the agency to rebuild how it certifies Boeing aircraft.

Attention now moves to the larger variant. The 737-10 remains in certification, having recently completed its final planned certification flight, with safety assessments and FAA review still outstanding. Boeing targets approval in 2026 and first delivery in 2027, though those are company projections rather than agency-confirmed dates. That model competes head-on with the Airbus A321neo and accounts for a sizable share of outstanding Max orders.

For businesses across the tri-state region, the practical effect arrives slowly and indirectly. Slot-constrained airports reward carriers that can right-size aircraft to a route rather than flying a larger jet half-empty, and a more efficient small narrowbody gives airlines room to hold or add frequencies on shorter East Coast segments. Regional aerospace suppliers with content on the 737 line also stand to see order flow steady as Boeing works toward higher monthly output.

Since Kelly Ortberg became chief executive in August 2024, Boeing has pushed an industrial reset centered on quality and production discipline, reacquiring fuselage supplier Spirit AeroSystems and raising output from 38 to 42 aircraft a month, with further increases planned. Monday’s certificate is the clearest evidence yet that the reset is producing results the regulator is willing to sign.

JBizNews Desk | New York

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Rise and shine, everyone, another busy day is on the way. And it is getting off to a pleasant start here on the Pharmalot campus, where clear blue skies and comfy breezes are greeting us. As for the official mascots, they are happily snoozing in their respective corners. As for us, we are firing up the trusty kettle for another cuppa stimulation. Our choice today is ginger peach. And here is a helpful tip — a teaspoon of honey enhances the flavors splendidly. Of course, you are invited to join us. For the full experience, we are now hawking replicas — take a look. Meanwhile, here are a few items of interest. As always, do keep in touch. We appreciate feedback, criticism, and tips. …

After Eli Lilly granted an apparently well-connected 79-year-old patient special access to retatrutide, an unapproved obesity drug, the company confirmed that it will allow other patients to apply for early access, STAT tells us. The move comes six weeks after STAT reported the expanded access and followed up this week about further requests from a handful of doctors who had not yet received a reply from the drugmaker. It marks a striking change in the public posture of the company, which had previously offered little information about the special access program. The initial patient accessed the drug in April via the U.S. Food and Drug Administration’s “compassionate use” program.

The California Supreme Court sided with Gilead Sciences in a closely watched case brought by thousands of patients who argued the company was negligent for slow-walking development of an HIV medicine that was safer than another drug it was already selling, STAT writes. In a 6-to-1 decision, the court overturned a state appeals court ruling two years ago that Gilead could be held liable, raising alarm in the pharmaceutical industry that drug development decisions could be influenced by the fear of legal liability and dissuade innovation.

Continue to STAT+ to read the full story…

This post was originally published here. 

I’ve always enjoyed the restaurants in Beit Ticho, the historical home of the renowned late artist Anna Ticho. Although right in the center of downtown Jerusalem, Beit Ticho feels like an oasis from the noise and ongoing construction.

As long as I can remember, the restaurants at Beit Ticho served fish and dairy food, including the recent Eser, owned by chef Jacob Turjeman. He has now opened Mifgash Ticho in the same space, but this time with a meat menu. On the evening I visited, my companion and I sat in the large, beautiful outdoor terrace, which was just lovely as Jerusalem cooled down.

“I felt like the city needed a casual place for steak that was not overly expensive,” explained the self-taught Turjeman, who cooks creative food at his other restaurants 1868, Zuta, and JLM Sushi.

Starting our meal with cocktails

I invited my friend Laura Cornfield from my Ladies Who Drink group, so of course we had to start our meal with a cocktail. The bartender, Shmulik, is the long-time bartender at Zuta, and he and Laura are old friends. I went for the Mai-Tai (NIS 62) made with rum and orange liqueur, which made me glad I wasn’t driving. Laura chose the Clover Club (NIS 62), a pre-Prohibition classic cocktail made with gin and raspberry syrup, although here it is made with blueberry syrup. It was delicate and delicious.

For appetizers, I selected the beef filet tartare (NIS 68) served with a bone-marrow aioli on a toasted brioche. Laura chose the roasted cabbage skewer (NIS 58) with carrot caramel and mustard aioli. Both were outstanding, and I would definitely order both again.

Beef fillet tartare at Mifgash Ticho, Jerusalem. (credit: LINDA GRADSTEIN)

Jacob added two appetizers that he chose – a sourdough focaccia (NIS 32) with smoked aioli and garlic confit, and greens fatayer (NIS 42), a dumpling stuffed with cilantro and garlic. Fatayer is an Arab or Levantine dish usually stuffed with meat, and this vegetarian version was unique and definitely worth trying.

Our server, Sapir, was not only familiar with the menu, but warm and hospitable as well. It was another reminder of just how important good service is to a diner’s overall experience.

A small, well-executed menu

There are only nine main dishes on the menu, although I would rather have a smaller number of well-executed choices than a large menu that is more hit-and-miss. Laura ordered the 150-gr. beef fillet in a red wine sauce (NIS 145), and because there is no fat on the fillet, it was definitely enough to fill her up even after I took a bite. The meat was outstanding, and I would go back just for this steak.

I asked Jacob to choose a steak for me, and he sent out the 400-gr. boneless rib-eye steak (NIS 350), which was pre-sliced and more than I could finish. This pricey steak had been aged in their refrigerator and had a deep, beefy taste. 

As it was a rib-eye, it had a fair amount of fat. I usually cut most of the fat off steak, but here the fat melted in my mouth. It was one of the best steaks I’ve ever had. I took the leftovers home and Netanel (my foodie son) grabbed the container out of my hands and tasted the steak.

“This is amazing,” he said. “You can taste the aging on it.”

Along with the steak we had delicious chips that had been cooked in beef fat, and fresh green beans with garlic.

When it was time for dessert, we were pretty full. I’m also not usually a big fan of parve desserts. But in the interest of research, Laura and I shared soft hazelnut ice cream with candied hazelnuts (NIS 48) that was so good we questioned whether it was really parve.

Mifgash Ticho has several private rooms for events and will begin serving lunch in the coming few weeks.

Overall, it was a fantastic meal in a beautiful setting, at a reasonable price. Highly recommended.

Mifgash Ticho
10 Harav Agan Street, Jerusalem
Tel: (02) 622-2313
Hours: Sunday-Thursday, 6 p.m.-11 p.m.
Kashrut: Rabbanut Jerusalem

The writer was a guest of the restaurant.

This post was originally published on here. 

Ukrainian drone and missile maker Fire Point has secured agreements from over a dozen European defense companies to provide radar, guidance and other systems ​for the Freyja missile defense project, and is starting to integrate the various systems, its CEO has said.

Ukraine had urgently sought partners to develop a weapon capable of ‌stopping Russia’s ballistic missiles. The pan-European project was launched officially in Paris last month by 10 governments and 12 defense firms – including Eurosam, Leonardo and SAAB.

Kyiv currently relies on the US-made Patriot system to down ballistic missiles that fly at several times the speed of sound, but global shortages of its interceptor missiles, exacerbated by the war in Iran, have left Ukraine exposed.

“Pretty much everything is agreed,” CEO Iryna Terekh told Reuters, saying 13 industrial partners had already ​joined. Fire Point aims to achieve its first successful interception by mid-2027, she added.

Iryna Terekh, CEO of the Fire Point, Ukrainian defence-tech company, attends an interview with Reuters, amid Russia's attack on Ukraine, in an undisclosed location in Ukraine, July 29, 2026 (credit: REUTERS)

Ukraine’s Fire Point builds pan-European Freyja missile

The Ukrainian company is providing the FP7.X – a faster version of its ​FP7 ballistic missile – as the interceptor and is now integrating that with the guidance system, known as a seeker, Terekh said:

“Right now we are in ⁠the most intense and also in the most complicated stage of finally assembling everything together with surveillance radars, with tracking radars, with the seekers.”

Norway’s Kongsberg is working on the command center integrating the ​various systems. The company did not immediately respond to a request for comment.

Industry publications have reported that Germany’s Diehl Defence – which produces a seeker for its own IRIS-T air defence system – will provide the guidance system. A ​Diehl spokesperson confirmed the firm was in talks with Fire Point but declined to discuss details. Terekh declined to comment.

Fire Point aims to produce a ballistic interceptor for less than €1 million ($1.2 million) per missile, Terekh said – a quarter to a sixth of the cost of a Patriot.

“We’re trying to squeeze a program that usually takes 20 or 30 years into a matter of a couple of years,” Terekh said, adding that there had been at least five tests ​of the interceptor missile.
 
The project would use open-source architecture and allow different options to swapped in and out – such as a Weibel radar for one made by Saab, according to Ukrainian officials.

The number ​of industrial partners could rise to around 20, which would increase production capacity, Terekh said. She added Fire Point was in talks with Ukrainian state-owned missile makers, but declined to name them.

Terekh said the participating companies would finance ‌research and ⁠development until a minimum viable product (MVP) was reached – which she said would mean the successful interception of a ballistic missile.

Attack missiles nearly ready for combat

“We expect the launcher to have from four to six missiles. So if from one batch there was an interception of a ballistic missile for MVP, this would be a wonderful result,” Terekh said.

A missile gets through only if all the interceptors in a launcher miss. Keeping the probability of six misses in a row below 5% – an industry standard – requires each interceptor to hit roughly 40% of the time, according to Fabian Hoffmann, missile expert at the Norwegian Institute for ​Defence Studies.

If it could really be done for €1 ​million, it would be “pretty impressive”, and “very cheap”, Hoffmann ⁠said.

Ukraine's President Volodymyr Zelenskiy and Ukrainian Prime Minister Yulia Svyrydenko visit the Dormition Cathedral of the Kyiv Pechersk Lavra, which was hit during Russian missile and drone strikes, amid Russia's attack on Ukraine, in Kyiv, Ukraine June 15, 2026. (credit: UKRAINIAN PRESIDENTIAL PRESS SERVICE/REUTERS)

The FP7 missile has an attack variant that can be used to strike ground targets. This has undergone about 15 test launches and is now being certified by the Ukrainian Defense Ministry, which she expected to take two to four more weeks.

Fire Point aims for first combat use of this version ​in early autumn, and late autumn for the much larger FP9 ballistic missile, which it says will be able to reach Moscow.
 
Terekh said the ​FP7’s architecture was based on ⁠Soviet-era designs for the S300 and S400 interceptors, but that Fire Point’s missile now shared only 20% similarity with those weapons.

In a recent interview, Fire Point co-founder Denys Shtilierman said the Soviet plans had been procured as a favour by Timur Mindich, a former business associate of President Volodymyr Zelenskiy who faces charges of corruption and is now a fugitive in Israel.

Fire Point says it declined an offer from Mindich to buy a ⁠stake in ​the company.

Fire Point is pressing ahead with building its own engine for its FP5 cruise missile, known as the Flamingo, ​which has hit several prominent military targets in Russia this year.

It had been using second-hand jet engines – “digging through the cemetery of the engines … like in a thrift store,” Terekh said.

But these are getting harder and harder to find, so Fire Point is ​assembling the first 10 units of its own prototype.

“As soon as we’re happy with the results of tests of these test engines, there’ll definitely be many more Flamingos,” Terekh said.

This post was originally published on here. 

A fire in central Israel’s Ben Shemen Forest was brought under control after causing road closures on Highways 1 and 6, according to the Israel Fire and Rescue Authority.

A Magen David Adom spokesperson said later on Tuesday that no injuries have been reported, though MDA teams are on scene ready to provide medical treatment where required.

Highway 1 and Highway 6 have since reopened to traffic, the Israel Police said later on Tuesday, with officers on scene to direct vehicles in the area.

Despite the lifting of road closures, police have asked drivers to avoid the area if possible as traffic congestion continues.

21 firefighting crews and four aircraft are still battling the open-air fire, which broke out earlier on Tuesday, Israel Fire and Rescue said.

A fire in central Israel's Ben Shemen Forest was brought under control after causing road closures on Highways 1 and 6, August 4, 2026. (credit: UNITED HATZALAH‏)

Highway 1 was also closed briefly in the eastbound direction on Monday after a vehicle caught fire near Shoresh Interchange outside Jerusalem, causing no injuries.

Warmer temperatures contributing to greater fire danger

Increases in global temperatures have led to the recent rise in both the scale and intensity of forest fires. 

The National Security Ministry, the Israel Innovation Authority, IAI, Technion, and the Israel Fire and Rescue Authority have responded to the crisis through a collaborative effort to find a solution for identifying fires as quickly as possible, potentially within moments following their ignition.

Aaron Glick and Maya Zanger-Nadis contributed to this report.

This post was originally published on here. 

Hamas will not change its mentality and “resisting the occupation is its holy mission,” the terror group’s spokesperson Ghazi Hamad claimed during an interview with British journalist Piers Morgan, broadcast on Monday.

Morgan asked Hamad whether the deal coordinated by the Trump administration, including the implementation of the Board of Peace and the National Committee for the Administration of Gaza (NCAG), will lead to Hamas disarmament.

“This is an exceptional phase in Palestinian history. Because of forced necessity, the hard circumstances in Gaza, we accept this agreement. But I think that as Hamas, I can confirm that we didn’t change our mentality, our goal to end the occupation, to continue to end the occupation with the Palestinian factions, because this is our holy mission,” Hamad said.

Notably, he did not answer Morgan’s question, which explicitly asked when Hamas would disarm and hand over its weapons as part of the process.

“Maybe this time [Hamas will use] some different tactics, different tools, different methods,” Hamad added.

Ghazi Hamad, member of Hamas Political Office, speaks during a protest in solidarity with Palestinians in Gaza, amid the ongoing conflict between Israel and Hamas, in Beirut, Lebanon, October 29, 2023; illustrative. (credit: REUTERS/AMR ALFIKY)

The terror spokesperson, however, stated that he does not believe that Israel will “fulfill its commitments,” as Israel has a “state of arrogance, state of supremacy, and wants to control everything by force,” in his view.

Hamas, therefore, will “continue with all Palestinian factions to fight against occupation until we reach the end of this occupation and freedom for our people,” Hamad said.

Hamad: ‘An exceptional deal in exceptional circumstances’

Hamad told Morgan that the deal is exceptional “because of the exceptional circumstances.”

“I think we did our best in order to save our people, to save our citizens in Gaza from displacement, from mass killing, from massacres, from genocide, from all kinds of tortures. So I think this is a necessity in order to save our people in Gaza. I know it’s not easy. I’m not so pleased with this deal because I think we are looking for something better in order to create a good atmosphere for our people, to end our occupation, to build a new future for our people,” he said.

“But the situation really is very bad, very hard for us,” he claimed.

Hamad also blamed Israel for “creating troubles” across the Middle East, including in Lebanon, Gaza, the West Bank, Yemen, Iraq, and Iran, as well as “destroying the peace process.”

Hamas is ‘not terrorist’ because it only resists Israel, Hamad claims

Hamad claimed that the terror group believed in “humanity, law, ethics, and morality.”

He also denied that Hamas’s policy was to conduct a massacre on October 7, stating that “maybe there were some mistakes by individuals.”

However, Hamad repeatedly stated in October 2023 that Hamas would conduct the massacre over and over again until Israel is annihilated, and was confronted with these contradictory statements by Morgan.

“It is not our thinking. It is not our mentality to kill civilians,” the terror spokesperson claimed.

He also claimed that Hamas was “very, very kind” with the hostages taken during the massacre, including by feeding them, and giving them “all kinds of protection and shelter.”

He also claimed that Hamas is not a terrorist organization and is acting to “resist occupation” because the terror group never uses its “power and capability against Europeans, against Christians, against Jews, against Western people.”

Hamad has been sanctioned by the US since 2024 and is currently based in Qatar, according to NGO Monitor.

Along with being a leading spokesperson for the terror group, he also runs Gaza’s Social Development Ministry (MosD), NGO Monitor noted.

On August 1, the US Justice Department confirmed that a UK-based individual was arrested for running a sham charity linked with Hamad and MoSD.

NGO Monitor also highlighted other foreign charities and NGOs, including three based in the US, that have a record of “troubling coordination” with MoSD.

The “Mercy Corps,” which has received $9m. from USAID-BHA in 2022, coordinated with MoSD on “unconditional cash assistance” in Gaza, NGO Monitor said.

ANERA, which received $79.2m. from USAID from 2013-2022, and had been marked for a further $12.5 from 2024-2029, worked with MoSD on initiatives which included a 2023 “building project,” NGO Monitor noted.

Additionally, Rahma Worldwide partnered with a Kuwaiti charity that had been designated by the US for al-Qaeda links and was found by NGO Monitor to have coordinated with MoSD “on multiple projects including cash assistance.”

This post was originally published on here. 

Surgeons at Clalit-Beilinson Hospital successfully removed a patient’s sternum and part of her ribs before reconstructing her chest with a custom 3D-printed implant on Tuesday, marking the first time an entire 3D-printed chest cage had been implanted to reconstruct the chest wall in Israel. 

The patient, a woman in her twenties identified as Hadas, underwent the surgery after doctors discovered a tumor eroding her septum. While it initially appeared to be a benign cartilage tumor, extensive testing and examination revealed it to be an exceptionally rare type of sarcoma, a BRAF-altered mesenchymal tumor, which has only been reported in about 20 cases worldwide, according to the medical literature. 

To remove the tumor, surgeons had to remove not just Hadas’s sternum but portions of the ribs attached to it as well. Head of Thoracic Surgery at Clalit-Beilinson Hospital, Dr. Yury Peysakhovich, explained the surgical challenge of replacing what “is essentially the anchor of the entire chest.”

“If reconstruction is not precise, both respiratory mechanics and protection of the heart and lungs can be compromised. Every breath, cough, or physical movement places significant stress on this area, making it one of the most complex reconstructions in thoracic surgery,” Peysakhovich said. 

Surgical team chooses PEKK 3D-printed implant instead of traditional options

To make the replacement sternum as precise as possible, the surgical team rejected traditional reconstruction materials such as synthetic mesh, titanium plates, or bone cement, instead electing to use a fully customized 3D-printed chest implant designed specifically for the patient’s anatomy. 

he custom-made 3D-printed chest implant. (credit: Clalit-Beilinson Hospital)

The implant was made of PEKK (polyether ketone ketone), a high-performance carbon fiber-reinforced polymer, which was chosen as it combines strength with flexibility in a way that closely resembles natural bone, according to the Head of Orthopedic Oncology at Clalit-Beilinson Hospital, Dr. Israel Weiss. 

Weiss explained that the flexibility is particularly important for reconstructing a part of the body that constantly moves while breathing. Additionally, the material also allows surrounding tissue to gradually integrate with the implant over time. 

The surgery took about two hours, during which the surgeons removed the diseased bone and replaced it with the custom-designed implant through a discreet incision beneath the breasts designed to minimize visible scarring and improve the cosmetic outcome. 

Hadas has since been discharged and is recovering well at home. 

“Rare cases require creative solutions. The combination of advanced 3D-printing technology and close collaboration between multiple surgical specialties allowed us to offer this patient a solution that simply wasn’t available only a few years ago.” Peysakhovich said. 

This post was originally published on here. 

A controversial provision in the One Big Beautiful Bill Act, which exempts more so-called orphan drugs from Medicare pricing negotiations in order to encourage further development, may not warrant that protection, according to a new analysis.

At issue is a portion of the Inflation Reduction Act that went into effect three years ago and allows Medicare to negotiate prices for certain drugs. Under that law, orphan drugs, which are used to treat rare diseases, were exempt in the case of drugs granted just one orphan designation and approved by the Food and Drug Administration.

However, the Orphan Cures Act, which was part of the Big Beautiful Bill Act that became law last year, broadened the exception by allowing medicines with multiple orphan indications to remain exempt. The law also delayed the timelines for which an otherwise eligible orphan drug may be considered for price negotiations.

Continue to STAT+ to read the full story…

This post was originally published here. 

By Julia Parker – JBizNews Desk

NEW YORK — Women now hold slightly more than half of U.S. payroll jobs, the latest federal labor data show, marking only the third such shift in modern records and underscoring a labor-market change with implications for employers, wages, household spending and Federal Reserve policy.

The milestone reflects growth in female-heavy sectors such as health care, education and government, while hiring in traditionally male-heavy industries including manufacturing and construction has been more uneven. For business owners and investors, the change points to where labor demand is strongest and where workforce participation remains a constraint.

The U.S. Bureau of Labor Statistics payroll survey counts jobs rather than individual workers, meaning it does not fully capture self-employment, farm work or unpaid caregiving. Still, the figures are closely watched by economists because they show where employers are adding positions and how labor costs may evolve across the economy.

Claudia Sahm, a former Federal Reserve economist and now chief economist at New Century Advisors, said the latest crossover looks different from earlier episodes that were tied more closely to downturns in male-dominated industries. “This time, it’s not reversing,” Sahm said.

Women previously moved ahead in payroll employment during periods when male job losses were acute, including the aftermath of the financial crisis and around the pandemic-era labor shock. The latest move appears more connected to structural demand: an aging population requiring more medical and care workers, continued hiring in schools and public services, and higher educational attainment among women.

That shift matters for companies competing for workers. Employers in health care, elder care, education, retail services and professional services may face continued pressure to offer flexible schedules, paid leave, predictable shifts and career advancement to retain staff. Those costs can flow into margins, pricing and long-term staffing models.

It also changes the household-income picture. More women are primary earners or equal earners in dual-income households, supporting consumer spending even as some men remain outside paid employment. The trend has drawn attention to a growing number of households in which men take on unpaid domestic roles or delay returning to work.

For male-dominated industries, the data highlight a different challenge. Manufacturers, transportation companies, builders and energy firms have struggled in some regions to replace retiring workers and attract younger employees. Slower hiring in those sectors can limit output, delay projects and keep wages elevated for skilled trades.

The development comes as policymakers monitor whether the labor market is cooling enough to ease inflation without triggering a sharper rise in unemployment. A larger female share of payroll jobs does not by itself determine wage pressure, but it shows that the composition of hiring is shifting toward service sectors where labor supply, turnover and productivity differ from goods-producing industries.

Executives should treat the data as a planning signal rather than a cultural headline. Hiring pipelines, benefits design, management training and workplace flexibility are becoming more central to competitiveness as women account for a larger share of paid employment.

The payroll balance could fluctuate month to month, especially as revisions are incorporated. But economists say the forces behind the move — demographics, education, care demand and weaker participation among some men — are unlikely to disappear quickly.

JBizNews Desk | New York

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

New Jersey’s latest national ranking captures a contradiction that business leaders have been managing for years. The state continues to produce one of the country’s best-educated workforces and strongest healthcare systems, yet those advantages are increasingly offset by high operating costs, weak long-term fiscal health and one of the least affordable business environments in America. That combination earned New Jersey the No. 20 spot in U.S. News & World Report’s 2026 Best States rankings.

Released on July 28, the rankings evaluated all 50 states across 71 measures grouped into eight categories: healthcare, education, economy, infrastructure, opportunity, fiscal stability, crime and corrections, and natural environment. For companies weighing where to expand, the category scores tell a far more useful story than the overall ranking.

Education remains New Jersey’s greatest competitive strength.

The state ranked No. 2 nationally for education, reinforcing one of its biggest economic advantages: a deep talent pool supported by leading universities, research institutions and one of the country’s strongest K-12 systems. Healthcare also remained a significant asset, finishing No. 6, giving employers access to one of the nation’s highest-rated medical networks.

Those strengths become harder to monetize when viewed alongside the state’s cost structure.

New Jersey placed No. 49 for affordability, the second-lowest ranking in the country. Businesses continue facing some of the nation’s highest costs for housing, insurance, utilities and commercial real estate, while employees encounter the same pressures in their personal finances. The result is a state capable of attracting highly skilled workers but increasingly challenged to remain cost-competitive against neighboring and southern states.

The economic rankings reveal another imbalance.

New Jersey finished No. 36 overall for economy, slipping from 31st a year ago. Within that category, the state ranked 22nd for growth, 30th for business environment and 45th for employment. Businesses continue generating economic output, but job creation has not kept pace with many competing states, limiting one of the traditional measures companies examine before expanding.

The state’s fiscal picture remains its greatest long-term concern.

New Jersey again ranked 49th in fiscal stability, including 49th for long-term fiscal health. Pension obligations and other long-term liabilities continue weighing on the state’s financial outlook regardless of annual budget performance. Those numbers receive close attention from bond investors, corporate site selectors and businesses making long-term capital commitments because they often influence future tax and spending decisions.

Infrastructure remains one of New Jersey’s strongest selling points.

The state ranked 12th overall in infrastructure, including No. 6 for internet access and No. 15 for transportation. Its location between New York and Philadelphia, combined with extensive highway, rail, airport and port networks, continues making New Jersey one of the country’s premier logistics and distribution hubs. The weaker showing came in energy, where the state ranked 41st, reflecting a growing concern for manufacturers and energy-intensive industries facing higher operating costs.

Environmental quality produced a similarly mixed picture.

New Jersey ranked 14th for air and water quality but 35th for pollution, illustrating the balance between environmental improvements and the challenges that accompany one of the nation’s most densely populated industrial economies.

The comparison with neighboring states also offers perspective.

Connecticut finished 18th, Maryland 21st, New York 23rd and Pennsylvania 40th, while New Hampshire led the Northeast at No. 6 overall. CNBC’s separate 2026 America’s Top States for Business rankings placed New Jersey lower, at 31st, reflecting a methodology that gives greater weight to business costs and workforce metrics than education or healthcare.

Viewed together, the two rankings describe the same state from different angles.

New Jersey continues producing the workforce, infrastructure and quality-of-life assets companies want. The challenge is that those strengths increasingly come attached to costs that competitors are asking businesses to avoid.

For employers deciding where to hire, build or invest, the question is no longer whether New Jersey offers advantages. It clearly does. The question is whether those advantages continue to outweigh the growing cost of operating there. How the state answers that question—not whether it moves a few places up or down next year’s rankings—will determine its long-term competitiveness.

JBizNews Desk | Trenton, New Jersey

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Reproduction or distribution without written permission is prohibited.

A well-known lawyer was murdered in his office in an apparent targeting attack near the Golden Mall in Rishon Lezion on Tuesday, according to Magen David Adom (MDA). 

Emergency services arrived at the scene and found the victim unconscious with a penetrating injury, though he was pronounced dead soon after. It’s speculated to have been a gunshot wound.

“We received a report of a man who was wounded in a violent incident,” said Magen David Adom motorcycle unit emergency medical technician Naftali Halberstadt and MDA medic Meir Binenfeld. “We arrived at the scene and joined the police forces. We saw a man around 50 years old lying unconscious, without a pulse and not breathing, with a penetrating injury to his body. We performed medical examinations, and unfortunately, we had to pronounce him dead at the scene.”

Police officers from the Rishon Lezion station in the Shfela district arrived at the scene shortly afterward. They opened an investigation into the circumstances of the incident and launched extensive searches for the suspect.

Illustrative: Firemen and police officers at the scene where a car exploded on Peretz Street in Rishon Lezion on July 03, 2022.  (credit:  YOSSI ALONI/FLASH90)

Investigation is underway, case believed to be criminal

The motive is believed to be criminal, and the circumstances are under investigation. 

It is being treated as a suspected assassination attempt, though the name of the victim has yet to be released.

This post was originally published on here. 

An elderly woman was killed, and several pedestrians were injured in a bus accident on David Remez Street in Ashkelon on Tuesday afternoon. 

Police confirmed shortly after the accident that three different buses were involved. 

Magen David Adom medics and paramedics provided medical treatment at the scene to a number of injured people with varying degrees of injury.

Magen David Adom paramedics respond to a multi-bus crash in Ashkelon on August 4, 2026. (credit: MAGEN DAVID ADOM)

Two women in their 70s were taken to Barzilai Medical Center, one in serious condition and one in moderate condition, according to MDA. Police stated that both were in serious condition.

Police open investigation into the bus crash

Israel Police opened an investigation into the incident, arriving on the scene alongside paramedics from MDA and United Hatzala to collect witness testimony and evidence. 

This is a developing story.

This post was originally published on here. 

Former prime minister Naftali Bennett announced on Tuesday the addition of four women to the B’Yachad Party’s Knesset slate, bringing the total number of female candidates on the list to 17 ahead of the elections.

B’Yachad is led by Bennett and is a core party in the opposition bloc seeking to replace Prime Minister Benjamin Netanyahu in the upcoming elections, set for October 27.

Those added to the list included Esti Ayalon Kubo, the former head of Israel’s economic delegation to China. 

The party stated that Kubo has extensive experience in economic diplomacy and represented Israel at numerous international economic forums. She was born in Ethiopia and made aliyah to Israel with her family.

Another addition was social entrepreneur Olessia Kantor, who founded the Lev Esh initiative after the October 7 massacre, working to provide therapy to survivors coping with post-traumatic stress disorder and anxiety.

Chairman of the Yashar Party and former Prime Minister Naftali Bennett speaks during a press conference in the southern Israeli city of Ofakim, June 23, 2026. (credit: Tsafrir Abayov/Flash90)

New additions to the B’Yachad slate

She also established a philanthropic foundation that assists women and children impacted by domestic violence. In 2024, Kubo was named among The Jerusalem Post’s 50 Most Influential Jews.

A further addition was Bruria Naim Erma, who serves as director-general of the B’Yachad Party and held a high-ranking position in the Transportation Ministry.

The party stated that Erman had served as the director of the Together Party since its founding and is an entrepreneur specializing in community relations. 

Another addition was the head of B’Yachad’s Women’s Branch, social activist and artificial intelligence expert Orly Harel.

The party stated that Harel has worked as an entrepreneur in the fields of generative AI and medicine, and is also a prominent social activist. 

She was previously active in the Likud Party and founded the Likud Women of Jerusalem Forum. 

Announcing the additions, Bennett said that his team “for repairing Israel received significant reinforcements.”

He stated that each candidate reflected a “true Israeli mosaic of top-notch women of action, each in her own field.”

Women make up a majority of candidates, inclusion not based on gender

Bennett also noted that while women make up a majority of B’Yachad’s candidates, their inclusion was not based on gender considerations, but rather on “a simple decision we made when we set out: to include the very best people.”

“Together, we will fix what’s broken,” he added.

Other female candidates on his list include former government director-generals Keren Terner and Liran Avisar Ben Horin.

Terner had served as director-general of the Communications Ministry, and Ben Horin served as director-general of both the Finance and Transportation Ministries.

B’Yachad merged with Yesh Atidin in April, and is expected to include lawmakers from the party on its list as well. Yesh Atid MK Meirav Cohen is the chairperson of the Knesset’s Committee on the Status of Women and Gender Equality.

Bennett became prime minister in 2021 in a rotation government with opposition leader Yair Lapid, who is also the chairperson of Yesh Atid.

Bennett has contrasted the current government’s record with that of his own, noting that his administration included more female ministers and directors-general than any previous government in Israel’s history.

He also pledged last month that, if elected, his next government would use all available state tools to combat violence against women.

This post was originally published on here. 

Israeli undercover operatives recently busted a smuggling ring in Israel’s South in a series of takedowns “along the [south]western border,” the IDF and Israel Police announced in a joint statement on Tuesday. 

Undercover Border Police officers, working in tandem with several other wings of the security establishment, conducted two separate missions targeting large-scale drug smuggling operations.

In the first operation, two suspects were arrested, and a large drone was confiscated from them, which police suspect was used to transport drugs across the border. 

A drone seized by Israel Police during the operation, suspected of being used in drug trafficking. (credit: ISRAEL POLICE)

Forces also seized vehicle with suspected drugs

In the second operation, Israeli security forces seized a vehicle containing a large quantity of substances suspected to be illicit drugs intended for distribution.

The two arrested individuals and the seized materials were transferred to the Segev Shalom station in the Southern District for further investigation by the Israel Police.

This post was originally published on here. 

On July 8, on the sidelines of the NATO summit in Ankara, US President Donald Trump had a face-to-face meeting with Syrian President Ahmed al-Sharaa.

According to the official Syrian read-out and US reporting, they discussed strengthening US-Syrian relations, Syria’s economic recovery, and foreign investment. Following their meeting, Trump announced he was removing Syria from the US list of State Sponsors of Terrorism, a designation Syria had borne since 1979.

Reuters reported that Trump handed Sharaa a personal letter during the meeting. The key passages were: “I promised to remove all barriers stopping you from rebuilding your country, and very soon you will finally be able to do so,” and “We have US companies ready to invest in Syria and help make your country greater and more prosperous than ever before.”

Speaking to the media after their meeting, Trump praised Sharaa in unusually strong terms. He’s: “doing an unbelievable job in unifying Syria….Syria was a mess…now it’s just come together … He’s done a fantastic job.” All the indications are that Trump has decided to adopt post-Assad Syria as a working partner in developing a reinvigorated Middle East.

One week later, Trump was entertaining Iraq’s Prime Minister Ali al-Zaidi at the White House.

Iraqi Prime Minister-designate Ali al-Zaidi speaks during a parliamentary session to vote in a new government headed by Ali al-Zaidi as prime minister, at the parliament headquarters in Baghdad, Iraq, May 14, 2026. (credit: REUTERS/AHMED SAAD/FILE PHOTO)

Once again the meeting was notable for its tone. Trump repeatedly praised Zaidi and spoke of their “tremendous chemistry.” He made it clear that he regarded Iraq’s new prime minister also as a partner with whom Washington could build a stronger long-term relationship.

The discussion covered expanding economic relations between the two countries, while both sides endorsed a series of memoranda of understanding (MoU) involving US participation in Iraq’s oil and gas sector.

Zaidi reiterated his government’s intention of bringing all armed groups, including Iran-backed militias, under state control, while confirming that the remaining US forces in Iraq are expected to complete their withdrawal by September 30, 2026.

What was not specifically referred to by either party – and not mentioned either following Trump’s discussion with Sharaa – was the US-Syria-Iraq plan to revive the historic 500-mile pipeline from the oilfields of Kirkuk in northern Iraq to the town of Baniyas, on Syria’s Mediterranean coast – a determined effort to reduce Iran’s control of the Strait of Hormuz.

Tom Barrack, Trump’s ambassador to Turkey and envoy to Syria and Iraq, had been working on the details of the agreement before Zaidi’s visit.

The pipeline was completed in 1952 by Iraq’s Petroleum Company with a capacity of around 300,000 barrels per day. Baghdad shut the pipeline in the 1980s after Syria sided with Iran during the Iran-Iraq war.

The pipeline will almost certainly have to be wholly replaced – a project calculated to last up to three years.

A glance at the map shows that reviving the pipeline would give Iraq a strategic alternative to exporting oil through the Strait of Hormuz. Unlike Gulf exports, shipments through the Kirkuk-Baniyas pipeline would avoid the Persian Gulf altogether.

It would spare tankers the need to negotiate the strategic Hormuz choke point on both their outbound and return voyages. Oil reaching Syria’s Mediterranean coast via the pipeline could be shipped directly to European markets.

Routing Iraqi oil this way could cut a tanker’s voyage to European refineries by roughly 3,000 nautical miles and more than a week at sea, saving hundreds of thousands of dollars in normal shipping costs while avoiding the war-risk insurance and disruption associated with the Strait of Hormuz.

Although it has clearly been agreed between the parties to keep the resurrection of the historic pipeline low-key, Reuters and other media outlets indicate that the project has advanced well beyond the conceptual stage.

US backing oil pipeline

It is claimed that the US is officially backing restoration of the 891 km. long pipeline, and that the US expects American firms to take part in rebuilding the line. Chevron has been widely mentioned as a potential participant, although the company has declined to comment publicly.

Other pipeline projects with outlets on Syria’s Mediterranean coast are also under consideration, and could link major energy producers in the Gulf, including Saudi Arabia and Qatar, directly to Syria’s ports.

Indeed, with Syria shorn of its sanctions and established as a fully-fledged partner, it has the potential to become a major energy transit hub. It has about 2.5 billion barrels of proven oil reserves, but some geological estimates suggest its undiscovered onshore and offshore petroleum resources could ultimately exceed 20 billion barrels.

In February 2026, Chevron signed a memorandum of understanding with Syria’s state-owned petroleum company and Qatar’s Power International Holding to develop the country’s first offshore oil and gas field.

Days later, Saudi and American energy companies formed a consortium to explore four or five oil and gas blocks and rebuild energy infrastructure in north-east Syria.

Finding gas is, of course, only the beginning. Syria would ultimately need to sell it. Trump’s decision to remove Syria from the US list of State Sponsors of Terrorism signals that Washington now regards Sharaa’s government as a legitimate partner.

That political endorsement encourages investors who might otherwise have stayed away, and it makes it much easier to construct pipelines, use Mediterranean export terminals, attract investment and conclude long-term gas sales contracts with foreign buyers.

Were Israel to follow Trump’s lead in considering Syria’s potential as a commercial partner, several hazards would need to be overcome. One is the strong influence that Turkey, no friend of Israel, exercises on Sharaa.

Then there is the fact that Russia has retained a significant military and commercial presence in Syria. President Vladimir Putin has preserved his strategic foothold on the eastern Mediterranean, having negotiated continued access to Russia’s naval facility at Tartus and its Khmeimim air base near Latakia.

At the same time, according to reliable media reports, a Russian commercial logistics hub is expected to become operational at Tartus very soon, handling Russian cargo and providing a maritime link between the Syrian coast and Russia’s Black Sea port of Novorossiysk.

Trump seems determined to enfold both Syria’s Sharaa and Iraq’s al-Zaidi into a close commercial and economic embrace. In Israel, however, both are viewed rather more cautiously. Trust cannot simply be bestowed; it will have to be earned.

The writer, a former senior civil servant, is the Middle East correspondent for Eurasia Review. Follow him at: www.a-mid-east-journal.blogspot.com

This post was originally published on here. 

A prolonged dry spell is squeezing an already strained regional economy

Germany’s inland navigation agency measured the navigable depth at Kaub, the shallowest chokepoint on the Middle Rhine, at 29 centimeters on Monday — a slight rebound after the gauge hit 25 centimeters on Friday, matching the record set during the 2018 drought. The agency’s forecast calls for a drop to roughly 20 centimeters by Thursday, which would be a new record low. German federal data compiled by ETH Zurich show that a reading below 24 centimeters would be the lowest since record-keeping began in 1880.

Kaub sets the maximum draft, and therefore the maximum cargo weight, for every barge moving between the deep-sea ports of Rotterdam, Amsterdam and Antwerp and the industrial corridor running through Germany, France and Switzerland. Shallow water has left cargo vessels able to sail only about 20 percent loaded, with surcharges piling onto freight bills and loads split across multiple part-loaded ships. The cost of tanker barge transport from Rotterdam to Karlsruhe stood at roughly €145 to €150 a metric ton on Monday, against €45 at the end of June.

The river carries coal, oil products, iron ore, grain and containerized freight along a route of about 800 miles from the Swiss Alps to the North Sea. Traffic has not stopped. Traders said vessels can still move about 250 tons past Kaub — enough to keep the corridor technically open, but not enough to keep it economical.

Downstream in Hungary, the consequences have moved from freight rates to the power grid. Prime Minister Peter Magyar said Sunday that the country faces a critical five-day stretch as the drying Danube forces its only nuclear plant offline for the first time in more than four decades, with another heat wave arriving. As of Sunday evening the two-gigawatt Paks plant, which supplies roughly half of Hungary’s electricity, was running at just over 10 percent of capacity after the Danube fell to a record low. “We are facing the most critical five days ahead,” Magyar said, asking households and businesses to shift consumption away from evening peak hours.

The plant’s operator has been reducing output in stages since late July. A full shutdown became unavoidable because the river level fell below the suction pipes used to draw cooling water, even though the Danube still holds enough water to cool the reactors. Magyar said the domestic shortfall would be covered by imports, citing 3.6 to 3.8 gigawatts of import capacity. Voluntary reductions by households and more than 300 companies have already trimmed demand by 400 megawatts.

Romania is managing the same problem. Nuclearelectrica shut Cernavoda unit 1 and disconnected it from the national grid, citing the unprecedented low level of the Danube, describing the step as preventive and without impact on nuclear safety. Romanian naval forces carried out controlled explosions on the Danube’s Bala canal to redirect water flow toward the plant. In Serbia, output at the Djerdap 1 and 2 hydropower stations has fallen to 20 percent and 30 percent of installed capacity, respectively — facilities that together account for about 18 percent of the country’s electricity production.

For industry, the arithmetic is familiar. Low Rhine levels cut German industrial production by as much as 1.5 percent in 2018, though many firms have since restructured their supply chains, according to the Kiel Institute for the World Economy, and inland shipping’s share of German freight transport has slipped from 4.7 percent in 2017 to 4.1 percent in 2024. BASF, forced to curtail production at its Ludwigshafen complex during the 2018 low-water episode, has since developed alternative transport options that cost more, its chief financial officer said. Utilities including EnBW have built fuel stockpiles during plant outages, while operators are weighing smaller barges, lighter loads and shifting deliveries to rail — options that carry their own costs.

That last point is where American exposure sits. U.S. manufacturers and chemical producers with plants along the Rhine corridor pay the same surcharges as their European competitors, and the freight costs feed into the delivered price of goods moving back across the Atlantic. Refined product flows into the Amsterdam-Rotterdam-Antwerp hub — a market American refiners supply — face a bottleneck at the point where cargo transfers to inland barges. And when several gigawatts of European baseload capacity go dark at once during a heat wave, the resulting scramble for imported power and fuel tightens a market that American exporters already serve.

Drought conditions across central and western Europe have deteriorated in recent weeks, according to European Commission data. One trader summed up the near-term outlook plainly: weekend rain was too light to matter, and with little precipitation forecast against continued heat, the river is expected to fall again.

JBizNews Desk | New York

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

Visa agreed Monday to acquire BioCatch an Israeli Cyber Firm for $2.4 billion in cash, expanding beyond payment processing into technology designed to detect scams, account takeovers and fraudulent activity before a transaction reaches the card network.

BioCatch analyzes how customers interact with banking websites and mobile applications, including typing rhythm, touch gestures, mouse movements, device handling and navigation patterns. Its systems use those behavioral signals to distinguish legitimate users from criminals operating stolen accounts or manipulating victims into transferring money.

The acquisition shifts Visa further upstream in the financial system.

Traditional payment security often focuses on identifying suspicious transactions once a customer attempts to move money. BioCatch monitors the full digital-banking session, allowing banks to identify abnormal behavior before a payment is authorized.

That distinction has become increasingly important as criminals change tactics.

Banks have spent heavily preventing unauthorized card purchases, but many modern scams involve customers initiating transactions themselves after being deceived by fake bank representatives, investment schemes, romance scams or fraudulent technical-support calls.

Because the account holder approves the payment, traditional fraud filters may see a legitimate device, password and authentication code.

Behavioral analysis can provide additional warning signs. A customer may suddenly hesitate while entering information, copy and paste account numbers unusually, navigate screens differently or appear to be receiving instructions from someone else.

BioCatch combines those signals with device intelligence and historical behavior to determine whether an account session presents elevated risk.

Visa said account takeovers and scams cost the global economy more than $1 trillion annually, while artificial intelligence is allowing criminals to operate at greater speed and scale.

Fraudsters can now use AI to create convincing phishing messages, imitate voices, generate fake identification documents and automate attacks across thousands of accounts. Financial institutions are responding by deploying their own AI systems to identify suspicious activity in real time.

BioCatch currently works with more than 350 financial institutions in 21 countries. Its technology protects approximately 760 million users and analyzes activity across 1.8 billion devices.

The company generated more than $185 million in annual recurring revenue by the end of 2025, according to transaction disclosures.

That makes the $2.4 billion purchase more than a defensive technology acquisition. Visa is buying a recurring software business that can be sold to banks independently of individual card transactions.

Visa’s core network earns fees when money moves across its system. Its value-added services division sells fraud prevention, consulting, data, cybersecurity and authentication products to financial institutions and merchants.

Those services are becoming increasingly important as regulators pressure banks to reimburse customers harmed by scams and as financial institutions seek additional protection against losses.

Visa President of Value-Added Services Andrew Torre said BioCatch will help clients stop fraud before it reaches the point of payment.

The deal also responds to competition from Mastercard.

Mastercard acquired cyber-intelligence company Recorded Future for $2.65 billion in 2024, while both payment networks continue purchasing companies that expand their roles beyond processing credit and debit cards.

Visa completed its acquisition of Featurespace, another AI-based payment-fraud company, in December 2024. Featurespace focuses heavily on transaction monitoring, while BioCatch adds behavioral intelligence from the customer’s broader digital session.

Combined, the technologies could allow Visa to evaluate what happens before, during and after a payment attempt.

The strategy gives Visa more ways to earn revenue even when transactions do not travel across its own card rails.

Digital wallets, instant bank transfers, stablecoins and account-to-account payment systems are creating alternatives to traditional card payments. Fraud and identity protection remain necessary regardless of which method customers use.

Owning more security infrastructure can therefore protect Visa from changes in how money moves.

The acquisition also gives BioCatch access to Visa’s relationships with banks, merchants and financial-service providers around the world.

BioCatch said its leadership team and reporting structure will remain in place after the transaction closes. The company is expected to become part of Visa’s value-added services business.

Permira acquired a majority stake in BioCatch in 2024 at a valuation of approximately $1.3 billion. Monday’s agreement nearly doubles that valuation in a little more than two years, reflecting the growing demand for fraud-prevention technology.

The purchase remains subject to regulatory approval and other customary closing conditions. Visa expects to complete the acquisition by the end of its fiscal second quarter of 2027.

Integration will present challenges.

Behavioral monitoring can raise privacy concerns because it requires analyzing detailed information about how individuals use their devices. Banks and technology providers must clearly explain how that data is collected, stored and used.

False alarms also carry costs. A system that incorrectly blocks legitimate customers can delay payments, increase support calls and damage trust.

BioCatch’s value will depend on identifying enough fraudulent sessions to prevent meaningful losses without making ordinary banking more difficult.

For consumers, the technology may remain largely invisible. A banking application could quietly evaluate typing speed, device movement and navigation behavior without requiring an additional password or security question.

That invisible layer is precisely what Visa is buying.

The company is no longer limiting its security role to deciding whether a payment should be approved. It wants to identify when the person initiating that payment may be a criminal—or a legitimate customer being manipulated—before the money ever reaches the network.

JBizNews Desk | San Francisco

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President Donald Trump’s administration is facing 25 new lawsuits from Democrat-led states over his latest round of tariffs on Monday.

New York Attorney General Letitia James is leading the joint lawsuit, arguing the tariffs handed down last month are a thinly-veiled attempt to circumvent the Supreme Court’s ruling against Trump’s earlier import tariffs.

“After losing at the Supreme Court, the administration is once again trying to illegally raise taxes on families and businesses with a new round of tariffs,” James said in a statement.

Trump’s latest tariffs hit 59 countries and the European Union, this time arguing they are committing “forced labor violations” by not cracking down on imports from certain sources.

TRUMP JUST EXPANDED HIS TARIFF PLAYBOOK WITH A POWERFUL TRADE WEAPON NO PRESIDENT HAS EVER USED

States joining New York in the lawsuit include Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, Virginia, Vermont, Washington and Wisconsin.

The Trump administration ordered the U.S. trade representative to investigate the 60 trading partners for unfair trade practices earlier this year. The investigation then found that the 59 countries and the EU were not doing enough to crack down on imports produced by forced labor. Trump then pointed to Section 301 of the Trade Act of 1974, which allows the president to impose tariffs on countries determined to be engaging in unfair trade practices.

TRUMP LEAVES CHINA WITH BREAKTHROUGHS — AND UNFINISHED BUSINESS ON XI’S BIGGEST FIGHTS

“The United States is using its lawful authority to obtain the elimination of unreasonable acts, policies, and practices that burden U.S. commerce,” White House spokesman Kush Desai told NBC News.

“A foreign country’s failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor is unreasonable and burdens U.S. commerce, including American workers, and must be addressed. Section 301 tariffs have proven to be a legally durable tool since the president’s first term, and they remain so now,” he added.

TRUMP’S SCOTUS PREDICTION TAKES ON NEW WEIGHT AHEAD OF BIRTHRIGHT CITIZENSHIP RULING

The lawsuit comes days after Trump lashed out at the Supreme Court over its rulings on his tariff policies and birthright citizenship, arguing they cost the U.S. “trillions.”

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“Does anybody have any idea how much Money and Prestige the United States Supreme Court has cost our Nation with their negative Rulings on Birthright Citizenship and TARIFFS?” he asked in a Wednesday Truth Social post.

“The answer, TRILLIONS AND TRILLIONS OF DOLLARS!” he said.

This post was originally published here. 

The U.S. Treasury quietly delivered one of the week’s most important announcements for businesses when it said it now expects to borrow $739 billion during the third quarter, $68 billion more than it projected in May. Another $628 billion is expected during the fourth quarter, with the government’s financing plans due to be released Wednesday.

On its face, the announcement looks like another Washington budget update. In reality, it reaches into nearly every corner of the economy.

Every dollar the Treasury borrows must be financed by investors. The more debt Washington issues, the more competition there is for the same pool of investment capital that businesses rely on to finance factories, equipment purchases, commercial real estate, acquisitions and expansion.

That is why Treasury’s quarterly borrowing estimate has become far more than a government accounting exercise.

The immediate question is not how much money the government needs—that number is already known. The market wants to know how Treasury intends to raise it. If officials rely more heavily on long-term Treasury bonds rather than shorter-term bills, long-term interest rates could remain elevated even if the Federal Reserve leaves its benchmark rate unchanged.

Those longer-term yields influence much more than government finance. Banks use them to help price commercial loans, mortgages, corporate bonds and many business credit facilities. Higher Treasury yields often translate into higher borrowing costs across the private economy.

Businesses have already begun adjusting. Companies that expected borrowing costs to ease this year are increasingly delaying refinancing, stretching equipment replacement schedules and reconsidering expansion projects. Commercial real estate remains especially sensitive because financing costs now represent a much larger share of total project economics than they did only a few years ago.

The Treasury announcement also arrives at a time when investors are questioning how much government debt the market can comfortably absorb without demanding higher returns. Earlier this year, long-term Treasury yields climbed to their highest levels since before the financial crisis, reflecting growing concern over both inflation and the volume of new federal borrowing.

Wednesday’s refunding announcement will therefore receive attention well beyond Washington. Bond traders will study the maturity mix, banks will evaluate the likely effect on lending costs, and corporate finance departments will measure how the government’s borrowing plans could affect their own financing strategy during the second half of the year.

The lesson for business owners is increasingly straightforward. The Federal Reserve is no longer the only institution determining the cost of money. Treasury’s financing decisions are becoming just as important.


JBizNews Desk | Washington

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

Three teenagers drifted into Lake Kinneret (Sea of Galilee) near Tiberias and were unable to return to shore on Monday night, prompting a rescue by United Hatzalah. 

A United Hatzalah boat was conducting patrols on the water when the dispatch center received a call about the rubber boat, which had strayed off course near Shikmim Beach. 

A rescue vessel picked up the three boys, brought them to land, and United Hatzalah medical personnel assessed them. At the marina, they were found to be suffering from mild dehydration.

“We located the teenagers in deep water and brought them safely back to shore. Fortunately, they were all in stable condition,” said United Hatzalah’s Tiberias branch head Yossi Oknin.

This morning, the water level stood at 213 meters below sea level. Shikmim Beach on the Sea of Galilee (credit: Shay Mizrahi, Kinneret Cities Association)

United Hatzalah rescues three boys near Tiberias

United Hatzalah is a volunteer-based emergency medical organization that provides free service throughout Israel. They have over 8,600 active volunteers, and the Tiberias branch is one of the few equipped with an aquatic rescue unit. 

“It is important to note that since the beginning of the summer vacation, United Hatzalah’s rescue boat has remained on the highest level of alert in order to respond to any emergency,” Oknin added.

This post was originally published on here. 

Yemen’s Iran-aligned Houthis said on Telegram on Tuesday that they hit a target at Saudi Arabia’s Najran Airport.

There was no immediate confirmation from Saudi Arabia.

The Houthis said the strike was in response to what they described as Saudi drone incursions into the airspace over the Saada and Hajjah governorates in northwestern Yemen.

The Houthis have imposed a naval blockade on Saudi Arabia in the Red Sea since last month in response to what they described as a Saudi siege on Yemen, an allegation Riyadh has denied.

 This is a developing story.

This post was originally published on here.