Financial

Israeli content recommendation company Outbrain has announced the acquisition of Teads, a prominent player in video advertising solutions, for $1 billion. The seller is French-Israeli businessman Patrick Darhy's media group, which owns the Israeli communications company HOT

In a major development for the aerospace sector, a leading defense company announced a $1.9 billion contract to supply weapons to a foreign nation

El Al Airlines has released its financial results for the second quarter of 2024, showcasing an outstanding performance that aligns with earlier projections and underscores the airline's robust recovery and growth trajectory. The company reported revenues of approximately $839 million, marking a significant 33% increase from the $630 million recorded in the same quarter last year. This surge in revenue is attributed to a $29 million boost in cargo operations and strong passenger demand

The Bank of Israel is unlikely to lower its interest rate shortly, despite expectations of rate reductions in other countries, including the United States and the Eurozone. The central bank recently maintained the interest rate at 4.5%. In an interview with Ynet, Bank of Israel Governor Prof. Amir Yaron indicated that reducing the basic interest rate is improbable even within the first two quarters of 2025, given the current economic and geopolitical situation

The price of fresh ground beef at Shufersal has surged by 17%, highlighting a broader trend of rising meat prices across the market. As of this Sunday, the cost of fresh, chilled ground beef at Shufersal has jumped from NIS 28 per kilogram in 2022 to NIS 69.90 per kilogram—a more than twofold increase

Delta Galil, the Israeli underwear and sportswear manufacturer, has announced its entry into the Indian market for the first time. The company, controlled by Isaac Dabach, is establishing a joint venture with Reliance Industries, one of India's largest retail corporations

The Central Bureau of Statistics (CBS) has released alarming data showing a significant increase in the number of Israelis emigrating and staying abroad for extended periods. In 2023, a total of 55,300 Israelis left the country, marking a 46.4% rise compared to the previous year. This translates to approximately 5.7 residents leaving per every 1,000 people living in Israel

The software giant Salesforce announced this evening (Tuesday) the acquisition of the Israeli company Zoomin. The amount of the deal has not been published, but according to estimates the amount that Salesforce will pay in the first stage is approximately $350 million and may increase to $450 million after the addition of personal rewards to the company's employees and entrepreneurs, subject to a series of conditions

Teva Pharmaceutical Industries Ltd. announced a significant expansion of its collaboration with ambiance, focusing on developing biosimilar drugs—generic versions of biological medications created through the genetic engineering of mammalian cells or bacteria. This new agreement specifically targets a biosimilar version of an oncology drug from the PD-1 control protein blocker group

Teva Industries, the world’s largest manufacturer of generic drugs, has announced a $450 million settlement with the U.S. Department of Justice (DOJ). This settlement addresses multiple lawsuits alleging price coordination and fraudulent practices related to patient deductible coverage