Teva Loses Negotiations Over New Migraine Drug, Stock Falls 5 Percent
The Israeli pharmaceutical company's new drug will not be covered by U.S. prescription benefits manager, though it's competitors will.
Business News
Business in Brief: Teva in Talks to Sell Medical Equipment Manufacturer at $80 Million
Pluristem cleared by U.S. to charge certain patients for stem-cell treatment ■ Greece’s Energean to complete TA listing
Singapore Investment Giant Buying Israeli Cybertech Firm Sygnia for Around $250 Million
In a record exit, the cyber-consultant’s owners will reap more than 50 times their initial investment in the sale to Temasek, a source says
Amazon Reps in Israel to Meet With Local Delivery Companies
This is not the first time Amazon representatives have visited Israel in an effort to improve service. Representatives visited twice last year, in June and November
One Year In, Israel’s Biometric ID System Suffering High Failure Rate in Recognizing Fingerprints
The system is falling short both at Israel’s borders and with the police, though the recognition of faces is going better, a new report says
Bank of Israel Expected to Focus More on Asset Prices Under New Chief
Economists predict the newly nominated bank governor, Amir Yaron, will be more hawkish than his predecessor, Karnit Flug
Israeli Housing Prices Essentially Unchanged Over Past Several Months
The central district, which does not include Tel Aviv, is the only one where prices have increased over the past year
Knesset Committee Urges Repeal of Tax on Hiring Migrant Workers
The repeal could deprive the state of $138 million, but the panel says the tax has failed to get a single Israeli to work in agriculture or construction
Major Israeli Television Broadcasters Cancel Planned Merger
Reshet 13 blames nixed merger with Channel 10 on the body that regulates commercially-operated television and radio broadcasting in Israel, as well as uncertainty in the market
Medical Information Leaked After Hackers Breach Israeli Emergency Responders' Website
The hackers were able to obtain information about patients and other sensitive information after the Magen David Adom site was hacked
TechNation: State Prosecutor’s Cybersecurity Unit Blocks Gambling Sites
Glilot Capital raises $110m for fund focusing on AI and cybersecurity
Union Head Claims El Al-pilots Deal Reached, but Airline Says No Such Agreement Exists Yet
Business in Brief | Medical cannabis deal sends shares of Amir Marketing sky high ■ Ashtrom and Dan to build Bnei Brak skyscraper project ■ September CPI ticks up 0.1%, as housing prices slightly sag
Israeli Banks to Offer Small Businesses a Fixed-fee Package
The Bank of Israel’s supervisor of banks, Hedva Ber, announced Sunday a move to reduce the bank fees paid by small businesses.
Business in Brief: Super Pharm Challenges Super-Sol With Online Deliveries Venture
Default funds chosen to offer lower pension management fees ■ Class-action suit against car importers alleges they only show partial price ■ TASE gives up some of its early gains
Be’er Yaakov Is the Hottest Spot in Israel for Latest Housing Lottery
'Buyer’s Price' program meant to provide more affordable housing closes its sixth lottery, drawing 18,600 participants for projects in 19 cities
Business in Brief: TA-35 Down Only 1 Percent, After Rocky Week
Could have been worse: TA-35 down only 1 percent ■ Bristol-Myers to invest in Compugen ■ FDA panel backs Celltrion-Teva copycat drug
Analysis If We Get the Financial Crisis We’ve Been Waiting For, Israel Isn’t Ready
If the country suddenly finds itself in a fix and tax revenues plummet, it will be much less prepared than it was in 2008
Drones in the Air and Sensors in the Ground: How Israeli Farmers Plan to Feed Billions
In order to increase output in food production, Israeli farming is adding new innovations to its current list of drip irrigation and cherry tomatoes ■ In 2017, $182 million went into the field in Israel - so how is this related to weapons production?
Israel to Spend $118 Million to Bring in Foreign University Students
To compensate for falling enrollment rates in universities, the Council for Higher Education has drafted a plan to draw in foreign students, particularly from Asia
What Is an Israeli Cannabis Company Doing in Uganda? The Answer Is Hazy
The company, the biggest cannabis firm on the Tel Aviv Stock Exchange, has said it is setting up a medical marijuana farm there, but Ugandan officials say that’s illegal
Where Have All the Students Gone? Undergraduate Enrollments in Decline
Reports attribute the decline to a smaller amount of college-aged non-ultra-Orthodox Jews
Japan's SoftBank in Talks to Buy WeWork for Up to $20 Billion
If the deal goes through, this will be one of the biggest and most important in the field of start-ups over the past decade
Japan’s SoftBank Mulls Buying Majority Stake in WeWork
Some traders said the news of the potential WeWork investment was negative for SoftBank, which has substantial exposure to the technology sector whose shares have been under pressure
Business in Brief: Israel Corp. Is Year’s Best Performer to Date Among TA-125 Shares
Israel Corp. is year’s best performer to date among TA-125 shares ■ Leumi Capital Markets says: Invest in Israeli natural gas ■ TASE closes Tuesday with small-time gains
Brain Drain From Startup Nation Increasing, Especially Among Best Educated in High-tech
The phenomenon is particularly prevalent in the fields of computer science, engineering and math, even with people who completed only a bachelor’s degree
