Economy

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 founder of INX, with over 25 years of experience in the capital market, has been chosen to lead the board of directors following the completion of IBI Investment House's acquisition of control. Zvi Ziv is stepping down.

Noble Supply & Logistics, a leading supplier to the US government, has filed for bankruptcy protection. The company faced severe difficulties after a major Department of Defense contract was abruptly shortened, leaving it with $100 million in stranded inventory.

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.

Following the appointment of Suleiman Maswada as correspondent in the United States, veteran journalist Neria Kraus is parting ways with the news company. After exploring alternative roles, a decision was made to conclude her tenure.

The company reports success in a clinical trial for a drug that blocks an inflammatory protein. The treatment is intended for two different conditions and is expected to advance to later development stages soon.

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.

A major deal in the local cyber market as Cyera acquires the Israeli company Oasis Security, founded by veterans of Unit 81, which develops a platform for securing non-human identities and AI agents in organizations.

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.

The chip giant has made a dramatic decision to close the optimization and AI agents group at its research labs in the country, fire senior developers, and halt important operations.

The Israeli company AITAN, named after Captain Eitan Oster who fell in Lebanon, was founded by Udi Oster and Daniel Almog, who met during their service as officers in Unit 8200 and previously worked with hostage survivor Or Levy. The company develops AI systems for unmanned vehicles, which have accumulated over half a million flight hours in the IDF, and is now expanding its operations to allied...

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.

Amid a surge in retail trading, ONE ZERO bank is expanding its offerings, allowing customers to trade Irish-domiciled ETFs with no transaction or custody fees.

After ten years in which he served in a variety of roles behind the scenes and on screen, another journalist decides to leave the channel recently acquired by Assaf Rappaport.

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.

Ahead of the Tishrei holiday season, Coca-Cola Israel is expanding its product range by introducing new six-packs featuring 1.75-liter and 2-liter bottles.

The Tel Aviv Magistrate's Court has ordered former minister Shalom Simhon, chairman of the board at Pasta Rico, to pay 20,000 shekels in damages to the company's founders for defamation in an email.

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.

The leading candy brand with no added sugar, MUST, from Elite and Strauss, is launching two new flavors simultaneously, promising to bring surprising combinations and an especially velvety texture to consumers in Israel.

Just a few weeks after shifting all weight to the digital arena and closing its flagship store, the Razili chain also announces the cessation of its online site operations. All details on redeeming points and rights.

The Israeli financial group has signed a binding agreement to acquire control of a company specializing in workers' compensation insurance, with the total assets of the acquired companies estimated at tens of millions of dollars.

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.

The founders of the fashion brand Seestarz, Alona and Daniela Tzur, talk about the moment a fashion giant offered to acquire them for millions of shekels, the massive disappointment on launch day, and the imposter syndrome that accompanied their success.

Keren Cohen Hazon, who built an international empire worth billions of shekels, opens up about the heavy family price, the discrimination she experienced at the beginning of her journey, and the decision to donate tens of millions of shekels to hospitals in Israel.

The board of directors of the First International Bank has approved the merger of its technological subsidiary into the parent organization. The move is intended to streamline resources, strengthen digital innovation, and simplify the group's organizational structure.

"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.

The controlling shareholder of Lahav LR increased his stake to 40.12% after purchasing about 385,000 shares. What signal is he trying to send to the market?

The controlling shareholder, the CEO of Solrom, and interested parties purchased shares on the stock exchange during August for approximately 1.1 million shekels, representing about 0.5% of the share capital.