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23 October 2019

Eitan Yochananof Supermarket chain Yochananof files for NIS 400m TASE IPO

Yochananoff's revenue grew 26% to NIS 1.4 billion in the first half of 2019.

Sir Richard Branson lands in Israel  / Photo: Eyal Izhar, Globes Branson visits Israel as Virgin Holidays launches Israel vacations

UK business magnate Sir Richard Branson's visit follows the start of Tel Aviv - London Virgin Atlantic flights last month.

23/10/2019 17:38 Tourism Simon Griver
Kiryat Moshe, Rehovot Israel's largest urban renewal project approved for Rehovot

The National Infrastructure Committee approved 10,000 housing units to replace 1,400 existing homes in a disadvantaged neighborhood housing Ethiopian immigrants.

23/10/2019 16:59 Real estate Guy Nardi
Adam Neumann Adam Neumann has lost a fortune but found religion

The WeWork founder's mother Dr. Aviva Neumann has told 103FM that her son has become a member of the Chabad Orthodox Jewish religious movement.

23/10/2019 15:42 Real estate Guy Ben Simon
Roy Baharav and Eyal Shapira Israeli speech recognition co Hi Auto raises $4.5m

Hi Auto’s audio-visual approach will eliminate all noise and will make a voice recognition platform work reliably under any noise condition.

Phillip Frost Photo: Tamar Matsafi Opko Health seeks $100m in NYSE public offering

Opko's growth hormone treatment was developed by Israeli company Prolor and will be commercialized by Pfizer.

23/10/2019 14:46 Healthcare Gali Weinreb
Fabric  / Photo: PR Fabric raises $110m to streamline online retail deliveries

The Israeli company's logistics platform will allow swifter, cheaper and larger consignments.

23/10/2019 14:28 Start ups Omri Zerachovitz
David Golan and Chris Mansi Photo: Viz.ai AI stroke diagnosis co Viz.ai raises $50m

Viz.ai has pioneered the concept of computer-aided triage software and uses deep learning algorithms to identify a suspected stroke.

23/10/2019 14:09 Healthcare Globes correspondent
Il Makiage Photo: PR Il Makiage buys Israeli startup Missbeez

Missbeez, founded four years ago, has developed an ecommerce platform for ordering beauty and lifestyle services.

Mobilion: Avi Feldman and Eyal Zbeda New smart mobility VC fund launching in Israel

Mobilion is currently completing its Series A round of financing, out of a targeted $30 million.

Teva Photo: Sivan Faraj Moody's: Teva opioid settlement credit negative

Moody's is concerned about the adverse effect on the Israeli pharmaceutical company's earnings and deleveraging.

23/10/2019 11:49 Healthcare Globes correspondent
John Medved Photo: Yossi Zamir OurCrowd teams with Toyota on tech scouting

The scouting agreement will seek out startup leaders in autonomous driving with a focus on sensors, image recognition, data compression, and security.

23/10/2019 09:58 Start ups Globes correspondent
Wearable technologies Elbit wearable tech digitalizes the battlefield

The Israeli company is showcasing its DOMINATOR warrior combat suite at London's Defense and Security Exhibition, reports "Reuters."

Strauss store on Amazon Israel  / Photo: Screenshot Strauss selling coffee capsules on Amazon Israel

Strauss has become the first major Israeli food company to open an online store on Amazon's new Israel website.

23/10/2019 07:21 Retailing Shany Moses

22 October 2019

Leader: $23b opioid settlement will only cost Teva $1.5-3b

Leader Capital Markets research department manager Sabina Levy says that the global US opioid settlement is a far better scenario than the market anticipated.

Chinese co completes acquisition of ADT

Advance Dicing Technologies, which supplies products for the semiconductor and electronic components industry, is based in Yokne'am.

SoftBank to buy out WeWork's Adam Neumann for $1.7b

The deal is at a company valuation of $8 billion, far below the $47 billion valuation that Neumann was seeking in a Wall Street IPO, the "Wall Street Journal" reports.

Migdal buys Elbit's Netanya land and offices

The real estate was purchased from Beit Shomer and contractor Reuven Damari for NIS 223 million.

Shekel loses ground on weaker growth

A revision downwards of second quarter growth figures and political uncertainty are weakening the Israeli currency.

22/10/2019 14:50 Market Globes correspondent
Israel Q2 growth revised sharply downwards

Growth in the second quarter of 2019 has been revised sharply downwards to just 0.6% on an annualized basis in the Central Bureau of Statistics' third estimate.

22/10/2019 13:37 Economy Guy Ben Simon
Israel fifth worldwide in millionaires per capita

Israel has 131,000 millionaires according to Credit Suisse, surpassed in per capita terms only by the Netherlands, Hong Kong, Norway, and Portugal.

22/10/2019 12:57 Economy Amiram Barkat
Forescout rebounds as activist investors raise stake

Two New York investment firms have joined forces in an activist move in the cybersecurity company.

22/10/2019 11:34 IT Shiri Habib-Valdhorn
Gantz faces near impossible task

Blue and White leader Benny Gantz has the chance of becoming Israel's post-Netanyahu leader, but Likud is confident that he will fail.

22/10/2019 10:51 Politics Tal Schneider
Teva announces $23b global US opioid settlement

Teva has reached agreement in principle to settle all the suits against it in the US by donating drugs worth $23 billion wholesale.

22/10/2019 06:30 Healthcare Simon Griver

21 October 2019

Netanyahu gives up on forming government

President Rivlin has announced that the task of forming a new government will pass to Blue and White leader Benny Gantz.

21/10/2019 22:55 Politics Tal Schneider
Car cybersecurity co Upstream Security raises $30m

Investors in the Israeli company include Renault, Volvo and Hyundai.

Teva reaches last minute opioid settlement in Ohio

Teva will pay $20 million and donate $25 million in addiction treatment drugs, "The New York Times" reports.

21/10/2019 19:04 Healthcare Shiri Habib-Valdhorn

20 October 2019

Teva opioid settlement talks reach impasse

While US State Attorneys were inclined to accept the deal, local government officials were opposed to the agreement.

18 October 2019

Protalix up 74% after positive Fabry disease trial results

The 12-month interim data from the first 16 of 22 adult patients enrolled demonstrate a mean improvement in kidney function.

18/10/2019 15:23 Healthcare Guy Ben Simon
Additional Ayalon fast lane tender issued

This tender is for fast lanes in each direction on the highway between the KKL Interchange and the Seven Stars Interchange.

Teva jumps as US global opioid settlement moves nearer

"Reuters" reports that a federal judge has summoned Teva CEO Kare Schultz to discuss settling all 2,600 US suits alleging that the Israeli company fueled the opioid crisis.

18/10/2019 07:08 Healthcare Simon Griver

17 October 2019

US Jewish philanthropist Mort Mandel dies

The 98 year old contributed tens of millions of dollars to Israeli educational and cultural institutions.

17/10/2019 21:27 Economy Globes correspondent
Israel Railways bans bikes during rush hour

From December 1, bicycles will not be allowed on trains between 6am and 9am and between 3pm and 7pm from Sundays to Thursdays.

US investment bank Stifel invests in OurCrowd

Stifel has also formed a strategic partnership with the Israeli venture capital crowdfunding platform.

17/10/2019 18:25 Start ups Globes correspondent
Partner TV to launch Spotify for subscribers

Partner is offering Spotify Premium to subscribers for a free three month trial after which there will be a monthly fee of NIS 19.90.

17/10/2019 18:02 Market Gad Perez
Shikun & Binui reports delay on Texas toll road

Due to the delay the company will record a loss of $12-16 million in its third quarter financial results.

Neighbors object to enlarged Tel Aviv seafront project

Tenants in the Sea & Sun project and owners of the West hotel in North Tel Aviv are opposed to plans to build a high rise residential project and hotel.

17/10/2019 16:09 Real estate Arik Mirovsky
Together begins growing cannabis commercially in Israel

The company has reported that it has switched to commercial cultivation at its farm in Ashkelon, after receiving IMC-GAP approval for the facility.

Tosca buys Israeli co Polymer Logistics

Based in Migdal Ha'Emek, Polymer Logistics manufactures reusable transport packaging and retail merchandizing systems.

Tesla mulls entering Israel's car market

The US electric car manufacturer has been checking out Israel's car market and could begin operations from next year.

Teva among cos offering $50b settlement of opioid claims

According to a report by Reuters, five pharmaceuticals and distribution companies involved in the opioids affair in the US are offering drugs worth $22 billion and services worth $28 billion.

17/10/2019 11:58 Healthcare Kobi Yeshayahou
IAI to convert Boeing 777s to freighters for GECAS

The contract for fifteen aircraft with an option for fifteen more is worth hundreds of millions of dollars.

16 October 2019

Israel's Landwer cafes to replace plastic straws

The chain, which has 77 branches around the country, will soon complete switching the entire chain to biodegradable cardboard straws.

16/10/2019 21:01 Retailing Shany Moses
100 new homes approved for Jerusalem's Beit Hakerem

The land is the last large reserve for development in the neighborhood.

16/10/2019 17:36 Real estate Guy Nardi
IBI: $15b in free drugs would only cost Teva $2b-4b

IBI Investment House pharma analyst Steven Tepper has calculated that the cost to Teva of a $15 billion opioid settlement would be dramatically less.

16/10/2019 17:13 Healthcare Shiri Habib-Valdhorn
Exalenz Bioscience seeks buyer

The company's trial of one product failed, and it downwardly revised its sales guidance.

Ron Lauder's sewage treatment co Fluence to raise A$30m

The private placement is taking place at a 12.9% discount on the ASX market price.

Israel 20th in Global Competitiveness Index

Bank Hapoalim chief economic advisor Prof. Leo Leiderman told "Globes" that Israel had performed disappointingly in The World Economic Forum ranking.

16/10/2019 14:29 Economy Amiram Barkat
Israeli IoT co 3DSignals raises $8.5m

3DSignals has pioneered real-time asset performance monitoring (APM) solutions using digitalization of production floors using Industrial IoT technology.

16/10/2019 13:26 Start ups Globes correspondent
Allied Group buys 51% Autodeal stake for NIS 100m

Founders and co-CEOs Meir Ohayon and Tomer Dotan will continue managing the auto trade-in chain.

Shekel weakens further as inflation falls

Inflation in Israel over the past 12 months has fallen to just 0.3%, moving further away from the Bank of Israel's annual target range of 1%-3%.

16/10/2019 11:17 Market Globes correspondent
Teva offers $15b in drugs to settle opioid cases - report

The settlement would run over 10 years and the drugs would include Teva's Narcan for treating opioid addiction, sources told "Bloomberg."

16/10/2019 10:14 Healthcare Shiri Habib-Valdhorn
Danya Cebus to build North Jerusalem bus station

The new bus station east of the Ramot neighborhood will relieve congestion at Jerusalem's existing central bus station.

16/10/2019 07:20 Real estate Guy Nardi
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