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Alex Karp, CEO of Palantir, embodies a new wave of tech billionaires intertwining their companies with the military-industrial complex. Known for his controversial statements, Karp has supported both Biden and Harris while expressing reactionary views, including criticism of "wokeness" and backing Israel's actions in Gaza. Palantir, integral to U.S. defense and intelligence, has profited from its partnerships with agencies like the FBI, NSA, and CIA, while also being implicated in the violence against Palestinians.
Barclays has lowered its price target for Dow Inc. to $38 from $44 while maintaining an equal-weight rating. Dow specializes in manufacturing and marketing a range of products, with net sales primarily from basic plastics (50.7%), elaborate plastics (27.6%), and performance chemicals (20%). Geographically, sales are distributed across the U.S. and Canada (38.2%), Europe/Middle East/Africa/India (32.5%), Asia/Pacific (17.9%), and Latin America (11.4%).
Teva Pharmaceutical Industries Ltd, an Israeli-based company, operates through three segments: North America, Europe, and International Markets, managing a diverse portfolio that includes generics, specialty, and OTC products. Additionally, it engages in selling active pharmaceutical ingredients, contract manufacturing services, and an out-licensing platform via its affiliate Medis.
Elbit Systems Ltd. operates across various segments, including Aerospace and Cyber, and recently reported a quarterly earnings per share of $2.66, exceeding estimates. The company announced a dividend increase to $0.60 per share, with a payout ratio of 27.72%. Despite a Hold rating from analysts, institutional investors like Charles Schwab have increased their stakes in the company.
Charlie Javice, once a celebrated fintech entrepreneur, was convicted of defrauding JPMorgan Chase in a scheme that inflated her startup Frank's customer base to secure a $175 million acquisition. A jury found her and co-defendant Olivier Amar guilty of multiple fraud charges, revealing a fabricated customer count that misled the bank. Both face significant prison time, with Javice's sentencing scheduled for August 26, marking a dramatic fall from grace for a figure once lauded in the industry.
Similarweb (NYSE:SMWB) saw its price target cut from $15.00 to $13.00 by Goldman Sachs, maintaining a "buy" rating, indicating a potential upside of 54.76%. Analysts have mixed views, with a consensus rating of "Buy" and a target price of $16.13, while the stock traded at $8.40 recently. The company reported a loss of $0.07 EPS, missing estimates, and has a negative net margin of 4.58%.
Southeast Asia's tech scene faces challenges as startup funding declines for the third consecutive year, with only a few deals reported this week. Notable funding includes India's Apna Mart raising $25 million, while M&As feature Dubdub.ai's acquisition by Observe AI. Despite setbacks, there is optimism for continued innovation and problem-solving in the region.
Israeli AI startup PhaseV, co-founded in 2023 by Dr. Raviv Pryluk and Elad Berkman, is revolutionizing clinical trials for pharmaceutical and biotech companies. With 23 employees and $15 million raised, their AI platform aims to improve decision-making and enhance trial success rates, addressing the industry's 90% failure rate. Recently recognized as one of the Top 10 Israeli startups to watch in 2025, PhaseV is committed to making clinical trials more efficient and beneficial for patients.
Michael and Susan Dell’s investment fund has partnered with Bank Leumi to launch a $77 million high-tech fund aimed at financing innovative technology companies. Bank Leumi CEO Hanan Friedman highlighted that, despite security tensions, foreign investor interest in Israel remains robust, underscoring confidence in the nation’s innovation sector. Additionally, Friedman noted that Israel will align its trading days with global markets starting January 1, 2026, a move supported by the Bank of Israel, the Israel Securities Authority, and the Tel Aviv Stock Exchange.
The Israeli tech sector demonstrated resilience in 2024, raising over $10 billion and achieving exits of $13 billion. This momentum carried into 2025, with startups securing more than $620 million in January, a 30% increase from the previous year, driven by strong investor sentiment and significant global interest, particularly in cybersecurity. Industry leaders anticipate continued growth and innovation despite geopolitical tensions.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
the rise of alex karp a controversial figure in tech and defense
14:15 01.04.2025
barclays lowers dow inc price target to thirty eight dollars
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teva pharmaceutical plans cost optimization for enhanced operational efficiency
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Israeli tech sector raises 10 billion dollars and shows growth in 2025
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