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Teva met profit forecasts for the third quarter of the year, but reported a high write-off following lawsuits. Teva shares declined in pre-trading in New York and the Tel Aviv Stock Exchange, after earlier trading in gains. The Israeli pharma company managed by Kor Schultz concluded the third quarter of 2020 with revenues of $ 4 billion, a decrease of 3% compared to the corresponding quarter last year. Earnings were 58 cents a share. Teva's revenues are lower than analysts' forecasts, which expected the company to have revenues of $ 4.07 billion, but the profit is in line with...

The restaurants and food business will remain open until next Tuesday at 05:00 in the morning, according to the format that has been used until now - the Prime Minister's Office said today (Friday). According to the bureau's announcement, Prime Minister Benjamin Netanyahu and Deputy Prime Minister Bnei Gantz have decided to do so in order to allow preparations and due to the purchase of food supplies in restaurants. The decision comes after a fierce protest by restaurant owners across the country, against the decision to reopen the restaurants, except for self-collection and deliveries....

The start-up company AVO, which operates a grocery and consumer goods delivery service, is laying off about 500 of its 750 employees worldwide - about two-thirds of its workforce. In Israel, the company employed about 500 employees, of whom about 350 will be fired. In addition, the company completely stopped all shipping activities for private consumers, which was aimed at residential buildings and included about 1,000 buildings in Israel in cities such as Petah Tikva, Ramat Gan, Tel Aviv and Ashdod. Now the company will focus only on activities with businesses - that is, deliveries to...

Health Minister Nitzan Horowitz decided to shorten the isolation to five days with the encouragement of Prime Minister Naftali Bennett. Following the announcement of the shortening of the isolation to five days, some members of the epidemic treatment team of the Ministry of Health sharply criticized the decision. The reason: Contrary to the decision to shorten the isolation to seven days discussed by the team after data was presented and a vote was taken, Minister Horowitz and senior officials of his ministry including Director General of the Ministry of Health Prof. Nachman Ash and Head of...

The investors are disappearing, the apartment buyers are sitting on the fence, the supply of subsidized apartments has decreased, and on the streets you can already feel the drop in prices. This is according to the review of the real estate market in November, published by the chief economist at the Ministry of Finance. The declines in apartment sales and the signs of the approaching crisis in the industry - which began already in the middle of last year - have so far not affected the price indices of the apartments which continued to rise, at least until last September. The main factor...

Education Minister Yoav Kish has declared a complete return to routine in the education system for schools located in green areas with no significant restrictions from the Home Front Command. Minister Kish expressed confidence that, barring any deterioration in the situation, the education system will resume normal operations starting next Sunday in these green zones

In the midst of a tumultuous period marked by conflict and tension, the Supreme Planning Council in the Civil Administration has given the green light for the promotion of approximately 3,000 housing units in Israeli settlements. The decision, approved amidst ongoing hostilities, underscores a significant move in the contentious Israeli-Palestinian landscape

Another huge exit at the door: Netapp storage and data company reports that it is acquiring Israeli (formerly SpotInst, Spotinst). Netap is a NASDAQ publicly traded company for $ 10 billion. It did not report the purchase amount as it is not material to it in reporting terms (less than 10% of its balance sheet), but it is estimated to be a $ 450 million deal. The deal was heated Wednesday evening. Negotiations to purchase it began in February. Spot has developed a system that helps companies save cloud computing costs by "zapping" between servers, and taking advantage of the discounted...