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Business & Finance
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8.16.26
Ukraine hits Russia where it hurts: the shopping cart
Drone strikes have hit most Wildberries logistics hubs, disrupting deliveries, destroying inventory and raising fears Kyiv is testing a strategy aimed at Russia’s civilian economy — with lessons for Israel
Trump targets drone imports with tariffs of up to 100%, including from allies
Aidoc, 12 US health systems launch consortium to speed diagnosis with AI
IAI posts record $449M profit, says IPO is ‘closer than ever’
Wiz founder Assaf Rappaport in talks to acquire McDonald’s Israel franchise
Business & Finance
Police gave him back 3.4 million shekels; His bank still refused to take it
The 3.4 million shekels were seized during a criminal investigation that later closed without charges, but Bank Hapoalim said the source of much of the cash remained unclear; a judge backed the bank, citing major money-laundering red flags
Attorney Itay Hacohen, Psak Din
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04:05 | 08.13.26
Lululemon's giant 80-liter bag sparks online mockery over its enormous size
Lululemon launched an 80-liter bag for $248, drawing online mockery over its massive size; The company says it was designed to carry everything from clothes and groceries to laundry, embracing the attention with a tongue-in-cheek marketing pitch
News Agencies
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03:34 | 08.13.26
Apple settles antisemitism case after Jewish employee’s firing
Apple will pay $150,000 to settle an EEOC lawsuit alleging a Virginia store manager made antisemitic remarks, denied a Jewish employee’s requests for Shabbat time off and fired him after he refused to work on a Friday
Reuters
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02:57 | 08.13.26
'Frozen Silk Road': Russia gains strategic opening as Hormuz crisis pushes shipping toward Arctic
China’s new Arctic route could cut Asia-Europe shipping times to about 20 days and bypass threats near Iran and Yemen, but its success would also strengthen Moscow’s control over a trade corridor emerging as melting ice opens northern waters
Zeev Avrahami, Berlin
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01:09 | 08.13.26
Trump’s pressure campaign is crushing Iran’s economy, but Tehran still isn’t bending
Sanctions and a naval blockade have hammered Iran’s currency, oil exports and household budgets, but Tehran is rationing essentials, subsidizing key imports and shifting costs onto citizens in a bid to keep the state functioning and delay concessions
Lital Samet, Calcalist
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13:58 | 08.12.26
Elbit shares tumble despite global defense demand driving record backlog
Israeli defense giant's profit jumps 38% and backlog hits a record $32 billion as sales reach $2.3 billion, but shares slide 9.4% amid apparent profit-taking after a three-year surge
Navit Zomer
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10:27 | 08.12.26
Team8 raises $365 million to back the next generation of AI-native enterprise companies
Israeli venture group raises $265 million for its third capital fund and more than $100 million for follow-on investments, bringing total assets under management to nearly $2 billion as it bets on AI-native enterprise companies
Sophie Shulman, Calcalist
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08:28 | 08.12.26
OurCrowd names Cali Chill CEO after year leading firm through transition
Seven-year OurCrowd veteran had served as acting CEO since mid-2025, when founder Jon Medved stepped back for medical reasons; his formal appointment follows an operational overhaul and reported $2.4 billion sale of portfolio company BioCatch to Visa
ynet Global
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07:23 | 08.12.26
Under Trump, socialism is no longer a political boogeyman
More than half of young Americans now view socialism favorably, driven by housing costs, student debt and health care anger, as figures like Zohran Mamdani, Alexandria Ocasio-Cortez and Abdul El-Sayed channel that frustration into politics with a sharper anti-Israel edge
Tzippy Shmilovitz
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22:49 | 08.11.26
LinkedIn to close Israel R&D center, lay off dozens four years after Oribi acquisition
The Tel Aviv center was established in 2022 after LinkedIn bought Israeli analytics startup Oribi for an estimated $80–$90 million; about 50 employees are believed to work there, with only a small business team expected to remain
Meir Orbach
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22:27 | 08.11.26
Sephora products are coming to Israel — but Sephora stores aren’t
Selected Sephora Collection products will be sold through Glam 42 stores and Azrieli pop-ups under an official agreement; sources say supply will be ongoing, while the initial assortment is expected to include about 120 to 150 products
Meirav Crystal
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21:33 | 08.11.26
Moody’s upgrades Teva to investment grade, citing growth and continued debt reduction
Ratings agency raises Israeli drugmaker to Baa3 with a stable outlook, pointing to stronger earnings, improving margins, solid cash flow and expectations that debt will continue to fall over the next 12 to 18 months
ynet Global
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19:46 | 08.11.26
What’s really disrupting global trade? Small businesses point to geopolitics and AI
Survey of more than 8,600 businesses in 20 countries finds 55% faced significant disruptions, with Asian markets reporting the highest rates as companies diversify suppliers and rethink hiring
ynet Global
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00:16 | 08.11.26
‘We intercepted dozens of UAVs’: Rafael CEO reveals Iron Beam’s battlefield breakthrough
Raised in a large religious family, Rafael CEO Yoav Tourgeman now stands at the forefront of Israel's defense industry; he discusses scientific breakthroughs, global challenges, Rafael's patriotic workforce and why an IPO is key to growth
ynet
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17:54 | 08.10.26
Corma raises $60 million as AI gives cyberattackers a growing edge
Sequoia-led round backs Corma’s push to build a foundation model for cyber defense as AI-powered attacks grow faster, more autonomous and harder for traditional security teams to stop
ynet Global
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16:04 | 08.10.26
Five months without ships: What Hormuz closure is costing the Gulf
Qatar, Kuwait and Bahrain cannot bypass Hormuz for most energy exports, while costly air freight, rerouted cargo and damaged facilities are pushing up prices and exposing how dependent Gulf economies remain on a single chokepoint
Jacob Wirtschafter / The Media Line
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10:01 | 08.10.26
Glitch or test? Amazon briefly offered unlimited free shipping to Israel for Prime members
Israeli shoppers found they could order everything from toothpaste to exercise bikes, suitcases, SUPs and computer monitors from the US with no minimum spend or weight limit; the offer ended Friday night, fueling speculation it may have been a test rather than a glitch
Meirav Crystal
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22:00 | 08.09.26
Israel redirects Intel funds in urgent 1 billion shekel boost to buy munitions
Government approves emergency transfer for immediate military procurement, with 850 million shekels coming from funds earmarked for Intel’s frozen southern Israel plant and another 150 million shekels from budget decisions that have not been implemented this year
Gad Lior, Moran Azulay
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21:16 | 08.09.26
Sephora to open in Israel for first time with 6 stores and 5 in-store boutiques
The beauty giant will initially open six stores and five shop-in-shop locations selling mainly Sephora Collection products, while brands including Huda Beauty, Charlotte Tilbury, Rare Beauty and Fenty will remain unavailable during the pilot stage
Meirav Crystal
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16:55 | 08.09.26
Israel moves toward blocking ZIM’s $4.2 billion sale to Hapag-Lloyd
Shipping authority says German ownership could leave ZIM Israel dependent on foreign control, while buyers argue the deal would create a stronger debt-free Israeli company
Golan Hazani, Calcalist
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11:48 | 08.09.26
Naval commando with wings: Meet the IDF’s new Seahawk helicopter
Naval helicopters hunt submarines and commandos, detect threats and targets for their ships and save lives, evolving from the Nazi era to Israel’s newly arrived Seahawk
Nitsan Saddan/Calcalist
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12:18 | 08.08.26
From troubled teens to a multimillion-dollar industry: How surfing conquered Israel
Once seen as a pastime for troubled teens skipping school for the beach, surfing is now one of Israel’s fastest-growing sports, with tens of thousands of surfers, new schools, a wave park, a multimillion-dollar industry and booming surf tourism
Iris Lifshitz-Klieger
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08:55 | 08.08.26
Father sues son over land sale, loses appeal in Supreme Court
A father who claimed land registered in his son's name was never meant as a gift lost his Supreme Court appeal after the son sold part of the property for 200,000 shekels; The court ruled the transfer was presumed to be a gift under the circumstances
Lital Dubrovitsky
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16:32 | 08.07.26
She thought they were broke. Divorce exposed her husband’s hidden fortune
They lived frugally in a cramped apartment, skipping restaurants and vacations—until divorce proceedings uncovered the husband’s multimillion-shekel real estate empire; she ultimately kept the family home
Adv. Lirit Avital Bar-Natan
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12:46 | 08.07.26
KKL-JNF approves $285 million plan to rebuild northern Israel
Three-year package will fund housing, infrastructure, education and community growth across northern Israel as KKL-JNF says it is stepping in where government aid has lagged; 'We're becoming, in many ways, a miniature government'
Yair Kraus
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12:23 | 08.07.26
Meta ordered to pay $567 million over harm to young users in landmark trial
New Mexico court orders Meta to pay $567 million over harms to young people, allocating $420 million for treatment services; The ruling follows a jury finding that the company knowingly harmed children’s mental health and concealed child safety risks
AP
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03:02 | 08.07.26
This Israeli venture studio wants to reinvent SaaS with AI
Backed by a $6 million funding round, Inevitable AI Group plans to launch dozens of AI-native software companies in weeks, betting it can reinvent SaaS with smaller teams and lower costs
ynet Global
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16:00 | 08.06.26
Chess prodigy leaves OpenAI to build startup turning thoughts directly into text
Naomi Bashkansky joins Conduit as a founding scientist, predicting that within years people will communicate with AI through thought and that the company could be worth more than $1 trillion
Omer Kabir, Calcalist
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11:24 | 08.06.26
El Al shrugs off war with Iran, doubles profit for second quarter
Despite a $145 million hit from Operation Roaring Lion, El Al doubled its second-quarter net profit to $132 million as revenue climbed 27% to nearly $1 billion; The airline cited a rapid recovery and strong demand despite sharply higher fuel costs
Navit Zomer
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18:08 | 08.05.26
Ex-Defense Ministry R&D head joins Ondas after former Mossad chief Barnea appointment
Brig. Gen. Yehuda Elmakias is set to become an Ondas vice president, extending the company’s recruitment drive through Israel’s security establishment just days after it hired former Mossad chief Dadi Barnea
Yuval Azoulay, Calcalist
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08:25 | 08.05.26
Israeli cybersecurity firm OLIGO raises $60 million after 300% revenue growth
The runtime security company has now raised $140 million and says the new capital will support product development and global expansion as organizations seek protection from AI-driven exploits
ynet Global
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07:03 | 08.05.26
Can AI fix broken clinical trials? This platform wants to predict failures before they happen
QuantHealth says its AI simulations help drugmakers test and adjust trial designs before enrolling patients, with new $45 million funding aimed at expanding research, product development and commercial growth after eightfold sales growth in 2025
ynet Global
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02:38 | 08.05.26
Wix beats expectations as AI platform Base44 drives 15% revenue growth in Q2
Wix reported stronger-than-expected second-quarter results as its AI-powered Base44 platform fueled growth, while the company expanded subscriptions, improved margins and maintained its full-year outlook
Dennis Bihler
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22:24 | 08.04.26
Meet Alex Bouaziz, the Israeli entrepreneur behind Deel's $17 billion success
Alex Bouaziz moved alone from France to Israel at 17, studied at the Technion and MIT, then co-founded Deel, now valued at $17 billion; In an exclusive interview, he discusses antisemitism, Israel, and the legal battle threatening the company's stock offering
Tal Shahaf
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14:19 | 08.04.26
Zenity raises $125 million to expand AI agent security platform
The company's platform helps enterprises secure and govern AI agents as they gain access to critical systems, data and workflows, with the new funding aimed at global expansion and product development
ynet Global
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07:17 | 08.04.26
Humiliated at work? Labor court says it may count as work injury
Judges order psychiatric and rheumatology reviews after finding a public undermining of a manager could be linked to mental harm and fibromyalgia
Adv. Arik Shalev, PsakDin
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05:36 | 08.04.26
Visa acquires Israeli fraud prevention company BioCatch for $2.4 billion
The company, which is being purchased from private equity firm Permira, develops technology that helps financial institutions detect fraud before transactions take place
Sophie Shulman/Calcalist
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19:45 | 08.03.26
Former Mossad chief David Barnea joins Ondas Defense as global president
Barnea will also serve as chairman, helping guide the company’s international strategy, acquisitions and development of AI-powered air defense, intelligence, precision-strike and unmanned ground systems
Calcalist
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17:20 | 08.03.26
Deel snaps up deepfake defense startup Clarity as AI fraud surges
The HR platform is betting on Clarity’s identity tools to counter synthetic applicants and workplace fraud as it tops $1.5 billion in annual recurring revenue
ynet Global
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14:00 | 08.03.26
Israel’s diamond industry collapses as veteran traders become taxi drivers and money changers
Veteran dealers say half the traders have already left the exchange as lab-grown stones erode confidence, demand in China dries up, US tariffs hurt exports and once-thriving merchants are forced to reinvent themselves
Navit Zomer
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07:43 | 08.03.26
Israel has world’s second-most expensive Big Mac, trailing only Switzerland
McDonald’s flagship burger costs $7.67 in Israel, compared with $6.22 in the U.S. and $2.42 in Taiwan, reflecting both high local food prices and the shekel’s sharp appreciation against the dollar
Sever Plocker
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09:40 | 08.02.26
Onyx Security raises $113 million as demand grows for tools to manage AI agents
Onyx Security raises $113 million in Series B funding, four months after launching publicly, to help companies securely manage AI agents; The cybersecurity startup has now raised $153 million from investors including Bessemer Venture Partners and Cyberstarts
ynet Global
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17:54 | 07.31.26
groundcover raises $100 million as AI strains legacy cloud-monitoring tools
The Israeli startup says it tripled recurring revenue and signed several seven-figure contracts as companies struggle to monitor increasingly complex cloud systems and AI agents without sending sensitive operational data to outside platforms
ynet Global
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03:40 | 07.31.26
‘AWS is booming’: Amazon lifts AI spending to $220 billion as cloud sales surge
Amazon shares jumped after AWS recorded its fastest growth in 18 quarters, strengthening CEO Andy Jassy’s argument that corporate AI adoption is still in its early stages; Microsoft’s record $450 billion market-value gain offered further evidence that Wall Street will reward costly AI expansion when revenue follows
Dennis Bihler
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01:52 | 07.31.26
Bloom Security launches with $20 million seed round to secure AI-powered enterprise endpoints
As AI agents and autonomous tools reshape workplace security, the company has developed ways to help enterprises discover, assess and control software running across employee devices with real-time visibility and context-based risk management.
ynet Global
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19:49 | 07.30.26
Israeli AI startup Modus emerges from stealth with $10 million to solve enterprise ‘context gap’
Tel Aviv company’s ‘Context Warehouse’ promises to cut AI retrieval and token use by up to tenfold by delivering only relevant, authorized and current business data to enterprise agents
ynet Global
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14:10 | 07.30.26
Israel gas price set to surge to near historic high at 8.09 shekels per liter
The increase, driven by higher global gasoline prices and a stronger dollar, takes effect at midnight, with full-service fueling costing an additional 25 agorot per liter
Gad Lior
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10:14 | 07.30.26
Terminal X expands into modest fashion with acquisition of Sdebar Brand
Terminal X is acquiring 51% of modest fashion brand Sdebar, founded by two friends, in a deal valued at millions of shekels; The move marks the retailer’s first entry into the modest fashion market
Navit Zomer
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05:55 | 07.30.26
Zuckerberg’s AI bet gets expensive: Meta’s free cash flow plunges 91% in Q2
Meta’s free cash flow plunged 91% in Q2 as the company ramps up AI spending, with its $145 billion infrastructure push weighing on finances despite strong ad revenue growth and rising user numbers
Reuters
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04:35 | 07.30.26
Microsoft reports record revenue as Cloud growth and AI adoption drive strong quarter
Microsoft reported a record $90 billion quarterly revenue, beating forecasts as Azure growth and AI adoption fueled strong results; Paid Microsoft 365 Copilot users surpassed 30 million, while Azure revenue topped $100 billion for the fiscal year
AP
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03:12 | 07.30.26
Apple’s cautious AI strategy pays off as it overtakes Nvidia and briefly tops $5 trillion
The iPhone maker reclaimed its position as the world’s most valuable public company as strong hardware and services revenue, combined with limited spending on AI infrastructure, drew investors fleeing a wider technology selloff
News Agencies
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11:04 | 07.29.26
‘The failure is Bibi’s’: Diamond exchange chief blames Netanyahu for industry crisis
In a follow-up to figures showing exports at a historic low, outgoing exchange president Nissim Zuaretz says Netanyahu has neglected efforts to remove the 12.5% US tariff, warning that traders may close businesses or relocate to Belgium
Navit Zomer
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07:39 | 07.29.26
Way Security raises $20M to fix one of cybersecurity's costliest problems
Backed by a $20 million investment, Way Security aims to replace costly consulting work with AI, helping companies deploy critical cybersecurity systems faster and more efficiently
ynet Global
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22:25 | 07.28.26
Hush Security raises $30 million to expand AI agent governance platform
The company says its platform gives companies a way to identify, control and audit AI agents as they act across sensitive systems, a growing security challenge as autonomous software gains broader access inside enterprises.
ynet Global
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18:21 | 07.28.26
Cyera to acquire Israeli identity security startup Oasis for about $1 billion
Deal is expected to include roughly $700 million in cash and the rest in Cyera shares, expanding the unicorn into security for AI agents, service accounts, tokens and other non-human identities
Meir Orbach, Calcalist
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14:24 | 07.28.26
Kushner sells NIS 1.05 billion stake in Israeli financial giant Phoenix to global investors
Affinity will remain Phoenix’s largest shareholder with a 7.4% stake after the sale, which returns its entire original investment while leaving it with shares worth about NIS 3.3 billion and NIS 230 million in dividends
Golan Hazani, Calcalist
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07:53 | 07.28.26
Childhood friends turn bootstrapped AI startup Dondy into multimillion-dollar exit
Founded by three childhood friends with no venture capital, Israeli AI startup Dondy grew to serve 70,000 businesses in 140 countries before being acquired by British technology holding company Circeus
ynet Global
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18:57 | 07.27.26
Cato Networks tops $415M in annual recurring revenue as enterprise AI security demand surges
The Israeli cybersecurity company says ARR rose 42% year over year as major enterprises adopted its SASE and AI security platforms, signing several multimillion-dollar contracts during the second quarter
ynet Global
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16:52 | 07.27.26
Stock market showdown: who wins the IPO war for Israel’s defense giants?
Israel’s public companies association urges the government to list IAI and Rafael in Tel Aviv, warning that Nasdaq IPOs would sideline local investors from a defense boom worth billions
Gad Lior
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09:08 | 07.26.26
Israel’s diamond exports plunge to historic low as exchange chief resigns
Exports fell to just $2.4 billion in the first half of 2026, while the industry struggles with Dubai’s tax advantages, lab-grown stones, weaker global demand and a new 10% US tariff
Navit Zomer
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06:13 | 07.26.26
Business & Finance
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