Globes

The Ministerial Committee for Procurement has approved IDF commitments worth 70 billion shekels ahead of elections. The decision requires the expenditure to be included in the 'numerator' mechanism, forcing the government to identify specific budget sources.

Investor Michael Burry has announced on his Substack blog that he is increasing short positions against Nvidia and the SOXX ETF. Burry has repeatedly warned about inflated valuations in the semiconductor and AI sectors.

The surprising announcement by Prof. Amnon Shashua regarding his intention to step down as CEO of Mobileye caught the market off guard. The company is initiating a search for a successor with strong commercialization skills, and Shashua suggests the next leader may not necessarily be Israeli.

Avi Shushan's podcast episode with the Prime Minister recorded over 4 million social media impressions, providing massive exposure for the sponsor, the real estate company Donitz Elad. Studio owner Ido Minkovsky notes that while Shushan does not pay for the studio, the project generates significant indirect revenue for him.

The new digital wallet from Supergas includes discounts of up to 20% at fashion and food retail chains, and is intended for its gas and electricity customers • Also: Tiv Taam is parting ways with human cashiers in favor of smart cash registers and is launching the "Ta'amei HaMizrach" brand within its branches • Events and appointments

A Chinese company has begun mass production of essential chip-making technology. The fear: this is just the first step toward an independent chip supply chain. Nvidia's default insurance costs surged following reports that the company may take on massive financial obligations.

A CBS survey indicates a sharp decline in the share of households planning to purchase an apartment – from 8% to 3.6%. According to the director of the housing indices department at the bureau, the data reflects a slowdown in the market.

The Israeli cybersecurity company Cato Networks reported that its annual recurring revenue reached more than $415 million, after 42% growth over the year. In just about five months, the company added more than $60 million to ARR — a figure that, according to sources, strengthens estimates that it is approaching maturity ahead of an IPO on Wall Street.

The fundraising, more than double the company's market value on the eve of the announcement, is expected to fund its operations until 2030. Among the Israeli connections: cooperation with Opko and a holding by Canada Israel Hotels.

As part of new measures by the Tel Aviv Municipality, parking prices at "Ahuzot HaHof" lots will increase significantly. At three locations, the start time for the discounted "night mode" will be delayed from 19:00 to 21:00.

Artificial intelligence applications are not threatening the veteran group's operations but are instead serving as a growth engine. The core human resources and nursing sector continues to enjoy rigid demand, while the company balances business expansion with innovation.

Rapid price increases and high valuation multiples can signal market bubbles, though identifying them remains a challenge. In an era of technological uncertainty, the risk of such bubbles bursting persists. Globes' "Monitor" column explains the core concepts.

From the perspective of Israeli investors, the market is often limited to the USA and Israel. However, experts suggest considering MSCI global indices to diversify risks and access the 40% of the global economy that many retail investors ignore.

Globes presents a daily review of international media coverage regarding Israel. This edition covers the disappearance of Iranian oil revenues, Africa's shift toward China amidst the war, and South Korea's potential role in Gulf defense.

A new acquisition in the public transportation sector unites two operators that have faced sharp criticism and heavy fines from the Ministry of Transport in recent years due to service quality. The details of the deal have not yet been revealed.

Amidst intensifying competition in the corporate benefits market, Ten Bis is launching a new card offering cashback and discounts, expanding beyond lunch breaks. CEO Tomer Peper discusses the company's strategy and comments on rivals Wolt and Cibus in an interview with Globes.

The “Lobby 99” organization has filed an objection to the proposed settlement in the Slice affair, arguing that it absolves wrongdoers of responsibility, denies savers the right to vote, and offers unfavorable terms. The appointed administrator, CPA Efi Sandrov, has also opposed the settlement, citing fundamental flaws and misrepresentations.

Every summer, as salmon migration begins in Alaska, millions of people around the world tune in to a live feed documenting grizzly bears hunting in the state's national park. This is how a small nature camera project became one of the biggest web phenomena of the last decade.

The Board of Directors of Israel Railways has decided that Avshalom Elmalich will serve as acting CEO. Elmalich, currently the VP of Planning and Operations, previously held the role until taking medical leave earlier this year.

The investment bank Value Base has filed an 11 million shekel lawsuit against real estate firm Aya New York, alleging failure to pay agreed-upon offering commissions. The company denies the claims and is seeking compensation for damages.

The Constitution Committee is expected to discuss an amendment to the Class Action Law during the Knesset recess, following agreements between the coalition and the opposition. The amendment aims to curb the abuse of class actions, particularly against small businesses.

The trading week in Tel Aviv opens with an 'English opening' expectation due to chip stock declines on Wall Street. Global markets are reacting to Iran's signals of de-escalation, leading to a 5% drop in oil prices.

While many foreign carriers remain cautious, Ethiopian Airlines is increasing its frequency from Ben Gurion Airport to 26 flights per week. A revolution in service and management, combined with rising demand from Israeli passengers for destinations in Africa and the Far East, has made the company one of Israel's most loyal and reliable partners.

The Kheibar Shekan missile utilizes dynamic flight paths, maneuvers, and varying speeds to challenge air defense systems.

Promotional campaigns like "Apartment as a Gift," digital tenders, and deep discounts are being used by developers to combat housing market stagnation. However, buyers remain cautious, and banks are scrutinizing deals under a microscope, refusing to recognize "on-paper" sales.

Due to the rising valuation and revenue requirements for issuers on Wall Street, Jefferies recommends that Israeli tech companies begin their public life in Tel Aviv, and later register overseas.

Local refining companies have faced a challenging year marked by operational disruptions and the impacts of war. Despite these hurdles, a sharp surge in refining margins has led to a doubling of the value of Bazan and BAZA shares year-to-date, providing significant returns for shareholders.

A year after Amendment 13 to the Privacy Protection Law, enforcement is intensifying. The Privacy Protection Authority is investigating about 100 organizations for violations, including failure to report cyber incidents, with the Meuhedet HMO already receiving a significant fine.

Nvidia is in discussions with OpenAI to provide a financial guarantee of approximately $250 billion to support a massive data center project in Ohio. According to the Wall Street Journal, this initiative aims to establish one of the largest AI computing hubs to date.

Globes has learned that against the backdrop of a sharp increase in defense sales abroad and struggles over mega-tenders, Ministry of Defense Director General Amir Baram has established an ethical code for local industries. Among the requirements: avoiding defamation, maintaining intellectual property, and presenting reliable technology.

The Government Companies Authority urges former Monday employees to consider defense industry roles. Also: Eldan's branch redesign and Cellcom's new partnership with HBO Max.

More than 50 companies, including Nvidia, Microsoft, Google, Meta, and OpenAI, have published a letter urging the US administration not to impose sweeping restrictions on open AI models. Anthropic notably stayed out of the move.

The Tax Authority and the Ministry of Finance are preparing to expand the 'Israel Invoices' reform, planning to mandate allocation numbers for all transactions, regardless of amount, to combat fictitious invoicing.

The 3.5 billion euro contract for the deployment of Israeli air defense systems in Greece marks a qualitative leap in the partnership. The goal is to build a regional security network against Ankara's policy.

About a month and a half ago, the real estate company G City announced the appointment of Keren Khalifa as CEO, replacing Haim Katzman. However, the expected transfer of control and the plans of Tzahi Abu and Kidan Dahari to lead G City in a new direction raise questions regarding the realization of this appointment.

The tariff received by solar roof owners is expected to decrease starting in 2027, though the exact figures remain undetermined. The current rate, ranging from 48 to 54 agorot per kWh, is considered high and is passed directly to electricity consumers.

A simple survey on choosing between a certain sum and a gamble for a large prize became a heated discussion online, but behind it hides one of the defining experiments of behavioral economics. Do most people prefer certainty over a higher expected value?

Niv Sarne, who took office as chairman of NewMed Energy on June 1, will replace Yossi Abu as CEO early next week. Abu has led the company for the past 15 years.

The company, known for its workplace lunch solutions, is launching a new card that includes a range of benefits — a kind of consumer club. The card is intended for employees of companies that use 10bis services, who will be able to receive cash refunds and 10% discounts at various chains and brands.

The upcoming Knesset elections face a complex landscape of threats, ranging from AI-generated misinformation to cyberattacks. Israeli authorities, including the Central Elections Committee and the Shin Bet, are implementing robust measures to safeguard the democratic process.