Federal prosecutors revealed plans for their antitrust suit against Google. Google sister firm the investment fund CapitalG (both are owned by Alphabet) has led a $250 million Series D round of funding in the Israeli small business insurer Next Insurance Inc., giving the company a $2 billion valuation. The news comes while Federal prosecutors revealed […]
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“Israel also needs to accelerate structural reforms to spur recovery from COVID-19,” said OECD Chief Economist Laurence Boone After a decade of robust growth that lifted employment and well-being, the COVID-19 pandemic has thrust Israel, like most countries, into a severe economic shock, adding to long-standing challenges, according to a new OECD report. Working with over […]
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Someday soon they will be able to somehow dissolve the fat cells in our bodies. Israeli pharmaceutical company Raziel Therapeutics signed a $74 million licensing deal with China’s Fosun Pharma. Raziel Therapeutics finds ways to reduce body fat by using the body’s natural healing mechanism. The company develops a product which kills fat cells when […]
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Jeffrey Katzenberg sold his luxurious custom built estate in Beverly Hills for $125 million last month. Now Variety reports that the buyer was none other than WhatsApp founder Jan Koum. Katzenberg bought the property 10 years ago for $35,000,000. Could Jeffrey Katzenberg be in need of some cash these days because his Quibi live streaming […]
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Virusight Diagnostic, a newly formed Joint Venture of Sheba Medical Center’s ARC Innovation Center & Newsight Imaging, has signed a strategic LOI (letter of intent) for rapid screening of airline passengers with ICTS Europe, a leading security provider at major airports in Europe and all over the world. Homepage Newsight Imaging’s portable spectral analysis device […]
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Jason Schwartzman On Conan Fargo season 4, starring Jason Schwartzman and Chris Rock, premiers next Sunday on FX. The series is loosely based on the Oscar winning 1995 film of the same name from brothers Joel and Etan Cohen. The season was delayed from April because of the Covid-19 shutdown The new season of “Fargo” […]
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Novellus, Ltd., an Israeli clinical-stage biotechnology company focused on precision oncology (treatment for cancer) raised $57 million in a Series C financing round. The round was led by Pontifax, and joined by OrbiMed Advisors, HBM Healthcare Investments, Wellington Management, Cormorant Asset Management, Novartis Venture Fund (NVF), SR One, as well as existing investors. Proceeds from […]
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Gamzu tells Ynet economy won’t fully reopen right away after lockdown is over, ‘no schools, no entertainment, no malls, no cafes,’ he says A record-breaking 6,861 new daily cases of coronavirus were reported by Israel’s health officials on Tuesday, after nearly 60,000 tests were conducted after the holiday weekend. The Health Ministry said on Monday […]
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