Economy

A new Julius Baer and EY study reveals that 82.2% of wealthy families may sell their businesses due to a lack of prepared heirs, prioritizing family unity over legacy.

Yael Barzilay is stepping down as managing director of United Airlines in Israel after 26 years. Her departure coincides with the airline's recent resumption of US flights and route expansion plans.

A Nike store in Lyon operated by Israel's Fox-Wizel Group was looted during riots in France. Despite global sales weakness and civil unrest, expansion plans remain active.

SpaceX reported a 161% surge in third-quarter revenue to $14.58 billion, driven by Starlink growth and reaching a $1.94 trillion market capitalization.

Netflix reported Q3 2026 revenue of $12.87 billion and EPS of $0.87, but issued weak guidance that sent its stock down 6%. The results coincide with massive industry shifts, including Paramount's merger with Warner Bros.

Yotam Levin, VP of Business Development at Meshhek Energy and a member of Kibbutz Erez, has passed away suddenly. Colleagues and industry leaders mourn the loss.

Roy Argov steps down as spokesperson for the HOT group after three years to launch an independent strategic communications and crisis management firm.

Delta Brands is expanding its Panta Rei athletic wear chain to 15 physical stores alongside robust e-commerce, defying global struggles seen at giants like Nike.

Foreign and El Al airlines petitioned the Supreme Court to be exempt from passenger compensation for flights canceled during the 40-day airspace closure of the "Roar of the Lion" operation.

Kolmobil and Timnat won a tender to build a 9.2-megawatt solar and storage facility over Kibbutz Hatzor's reservoir. The 70 million shekel project targets late 2028 operation.

International pharmaceutical giant BeOne establishes an Israeli branch. Meanwhile, a new study links nighttime eating to liver disease, and biotech firm Nano24 reports clinical trial success.

High-tech training institution SVCollege has announced it does not oppose a liquidation request, citing severe financial distress, unpaid wages, and mounting debts to suppliers and students.

Third Eye Systems signed strategic MOUs with US defense-tech firm Aelyon for advanced autonomous systems, sending its shares up 14% on the Tel Aviv Stock Exchange.

Gitam advertising group has acquired full ownership of digital marketing and technology firm Maven. The strategic acquisition aims to expand Gitam's digital, AI, and data-driven capabilities, with Maven's founders joining senior management.

Stripe is searching for a general manager in Israel with a salary range of 1.22M to 1.84M shekels, signaling major expansion plans for the payments giant.

One Zero Digital Bank filed an urgent complaint with the Israel Competition Authority, accusing major traditional lenders like Bank Leumi of predatory retention tactics and anti-competitive practices to block customer migration.

Former Intel construction manager Kobi Bor has been appointed to lead Nvidia's massive Orion development project in Kiryat Tiv'on, slated to house up to 10,000 workers.

Entrepreneur Marco Luzzato sued McDonald's Israel franchise Alonyal for 3 million shekels over alleged patent and copyright infringement regarding digital nutritional monitoring technologies.

SpaceX and Tesla are set to report Q3 earnings amid merger rumors and heavy AI investments. Investors will scrutinize financial health, cash flow, and growth strategies.

Elbit Systems announced the acquisition of Canadian underwater robotics firm ISE International Submarine Engineering, expanding its global maritime and autonomous capabilities.

Shafir Engineering signed a binding agreement to sell its natural gas distribution companies to Allied Group for 230 million NIS, expecting a profit up to 100 million NIS.

Bankrupt US distributor RNDC seeks court approval to sell joint venture stakes in Kentucky and Michigan for $50 million net, alongside a crucial $9 million settlement with Tito's maker.

Generation Capital raised 1.2 billion shekels in an institutional bond offering to fund its upcoming acquisition of Shikun & Binui Energy amid strong financial results.

Israir Airlines won the Israeli Management Center award for personalization and accessible tourism, while also adopting the innovative ARD standard.

Spacecom extended its satellite communication agreement with the Israeli government through late 2028 via the Amos 4 satellite, securing approximately 28 million NIS in cumulative revenue.

Ralco shareholders will vote on acquiring loss-making subsidiary Ralco Energy, previously controlled by the son of Ralco's controlling owners, sparking questions over related-party governance.

The Israel Tax Authority advances new guidelines for foreign tech companies, setting a 13% profitability benchmark under the cost-plus model while offering regulatory certainty.

Manor Evergreen fund acquires a 35% stake in NOVO DR for roughly 340 million NIS, valuing the mobile digital X-ray systems developer at scale with over 50 million dollars in annual sales.

Former Mizrahi-Tefahot investment managers Ron Hochman and Tsori Levy raised 300 million NIS for Eitan Partners, a new real estate financing firm focusing on urban renewal.

Fortissimo Capital is acquiring a controlling 60% stake in inventory giant RGIS for 400 million euros, partnering with Migdal and Poalim Equity in a major global transaction.

Transmit Security names Matt Thompson as CEO as co-founder Miki Boodaei moves to chairman. The company also launched Agentic Trust to manage risks from AI agents.

Saudi Arabia has postponed its annual Future Investment Initiative conference to 2027 following recent Houthi missile and drone attacks, disrupting plans for top global finance leaders.

Coca-Cola has defeated PepsiCo in a major tender to supply over 3,000 KFC restaurants in the United States, ending a decades-long historical partnership.

Israeli optics and laser company Ophir Optronics is being acquired by TTM Technologies for approximately $650 million. The deal is expected to close in the second quarter of 2027.

The Israel Securities Authority is investigating Horizon Investment House ahead of its planned Tel Aviv Stock Exchange entry via a merger with Blue Wave, valuing the firm at 40 million NIS.

Gindi Holdings appointed Jonathan Benjamin as Chief Technology and Innovation Officer to lead AI integration, digital transformation, and technological strategy across the company's real estate operations.

Retail giant Shufersal has renewed its PR contract with veteran strategist Rany Rahav after two and a half years, boosting communications amid expansion into the coffee market.

Volkswagen Group is planning a global wage freeze for up to 660,000 employees until 2030 and potential cuts of 100,000 jobs amid declining sales and fierce Chinese competition.

Steel Partners issues an 11-day ultimatum to InMode over its $16.75 per share buyout offer, citing stalled negotiations, lack of data room access, and escalating legal disputes between the activist fund and the medical aesthetics company's board.

Y.D. Barzani Group plans an IPO for its infrastructure arm, aiming to raise 1 billion shekels at a 2.8-3 billion shekel valuation, backed by surging revenues and a strong order backlog.