Calcalist

American company Proofpoint is in advanced talks to acquire the Israeli cyber firm Varonis. Following the report, Varonis's market capitalization on Wall Street jumped by 10%.

The Israeli high-tech sector has seen a surge in investment, with WonderFul, Upwind, and Lyte raising a combined total of one billion dollars in a single day, signaling a robust recovery.

The Movement for Quality Government has demanded an explanation from the Standards Institution regarding the delay in updating the SI 118 concrete standard. Estimates suggest this delay could cause up to 500 million shekels in budgetary damage to the Metro project.

A US court has rejected the Department of Justice's demand for Google to divest its advertising business. The company will retain control of its AdX exchange, subject only to operational adjustments.

Teva reported positive results in a clinical trial for the treatment of celiac disease. The trial met its primary endpoint, demonstrating that the TEV-408 antibody prevents intestinal damage.

Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and career soldiers in the IDF for 2027. Over 70,000 vehicles are expected to be covered.

Uber is cutting 3,300 jobs, approximately 10% of its global workforce, to streamline management layers. The move aims to reallocate resources toward ride-sharing, delivery, and autonomous taxi divisions.

The American company Lyte, which develops technology for robotics and physical AI, has raised up to $165 million. The funding round was led by investor Avigdor Willenz, who will serve as the company's Chairman of the Board.

The Israel Securities Authority has launched a criminal investigation into Cimed Holdings Limited at the request of US authorities. The company is suspected of misappropriating tens of millions of dollars.

Israeli startup Wonderful, developer of an operating system for enterprise AI, has raised $550 million in a Series C round. The company's valuation has reached $5 billion.

Zviki Ben David, VP of HyperStrong, warns that a lack of flexible economic models is driving Israeli energy companies to invest billions in Europe, potentially hindering Israel's ability to meet its national energy goals.

Gat Foods, a manufacturer of concentrates for the global beverage industry, is laying off 20% of its staff at the Emek Hefer plant. The move is driven by the strong shekel and declining export revenues.

Phoenix, Migdal, and WeSure have won the Ministry of Finance tender for insuring private vehicles of state employees, retirees, and IDF career soldiers for 2027. The program covers over 70,000 vehicles.

The Israeli company Bizzabo and the payment giant PayPal have announced staff reductions. The layoffs at both companies are part of global operational efficiency programs.

Experts at the Calcalist and Discount Energy Conference identified the state of the power grid as the primary obstacle to Israel's infrastructure development. They are calling for a national project to modernize the grid.

K-Power CEO Katya Shur stated that integrating solar panels and energy storage systems into fish farming operations can rescue the industry from economic crisis by providing farmers with additional income.

Rafael Maman, CEO of Bazan, stated that relying solely on fuel imports is utopian for Israel, emphasizing that the country must maintain independent refining capabilities given current security realities.

Doral Energy CEO Yoni Hantzis expressed skepticism about reaching the 30% renewable energy target by 2030. He emphasized the importance of building "energy islands" to provide reliable power for data centers.

Energy sector experts warn of market stability risks following the Electricity Authority's decision to pause new data center connections due to overwhelming demand.

Michal Braverman-Blumenstyk, who has led Microsoft's Israel R&D center for the past 6.5 years, has announced her departure from the company. She will remain in her role until the end of the year.

Yossi Dayan, Director General of the Ministry of Energy, addressed the recent crisis at desalination plants. Despite unprecedented water pollution, he assured that there will be no shortage for households.

"Israel's energy sector is at a critical point," said Avi Levy, CEO of the Discount Group, at the opening of an energy conference. He noted that the sector is undergoing rapid changes, requiring urgent improvements in planning, infrastructure, and regulatory processes to maintain economic competitiveness.

Palo Alto published positive results and a strong forecast, but after a 96% jump in the stock since the beginning of the year, investors apparently expected more, and the stock lost almost 2% in after-hours trading.

The shekel continues to weaken moderately following the Bank of Israel's interest rate cut. The local currency market is also being influenced by escalation on the Iranian front and global market trends.

Ofarim Media, controlled by Yitzhak Mirilashvili, has acquired a 51% stake in the billboard advertising company Deal Tov. The deal is estimated at 40–60 million shekels.

A new deadlock in the Israel Aerospace Industries (IAI) IPO process could lead to the company ceasing to be a reporting corporation. If the confidentiality of sensitive security information is not resolved by December 1, the Securities Authority may struggle to approve a new bond issuance.

The Bazan Group has valued the cost of its planned evacuation from Haifa Bay at over $5 billion. The company's management has submitted these figures to the head of the National Economic Council, Prof. Avi Simhon.

The Competition Authority has set strict conditions for approving the acquisition of CAL by the Union group and Harel. Parties are in negotiations, but disagreements over control and data access threaten the deal's completion.

The valuation conducted by BDO boosted the quarterly results of the construction company Amram. The real estate company, which is traded on the Tel Aviv Stock Exchange, reported a threefold increase in profit to 165 million shekels.

Maya Dynamics shares plunged by 26.5% following the publication of first-half 2026 reports. The company recorded a loss of nearly 11 million shekels, driven by a sharp decline in sales and production delays.

New regulatory initiatives in Israel are making it easier to handle crypto, but there is no automatic approval for transferring profits to a bank account. Transparency and complete documentation remain the key requirements for banks.

Victoria Beckham's fashion and cosmetics company has reported profitability for the first time. The company's revenue rose in 2025 by 15% to 129.8 million pounds.

Minister of Energy Eli Cohen has opposed the appointment of Gilad Bar-Adon as CEO of Noga. The minister argues that the candidate lacks the necessary expertise in the electricity sector.

Hagag Real Estate concluded the second quarter of 2026 with 68 apartments sold, a 4.6% increase over the previous period. Despite varying sales volumes across projects, the company reported a 126.7% rise in net profit.

Israeli HR platform developer HiBob has raised $166 million in a round led by Salesforce. The company's valuation has reached $3.5 billion, with total funding since inception exceeding $700 million.

Israel Railways has threatened legal action against the operators of the Better Rail app, accusing them of unauthorized data extraction and causing system overloads.

An investment fund partnered by Donald Trump Jr. is investing $300 million in the prediction platform Polymarket. The investment is part of a $1 billion funding round that values the company at $21 billion.

Construction and real estate group Best reported a 182% jump in Q2 2026 net profit to 34.7 million shekels. The company's order backlog expanded to 6.2 billion shekels.

Ernst & Young is investing $100 million in rewards for employees who demonstrate adaptability, innovation, and critical thinking. The program aims to balance AI integration by fostering essential human traits.

Ashtrom has agreed to sell the Rosh Pinna Mall to GT Real Estate for 48.5 million shekels. The new owner aims to boost the property's annual net operating income from 3 million to 5 million shekels.