
A key coalition partner of Netanyahu is quitting, leaving him with minority in Israeli parliament
The political turmoil comes as Israel and Hamas are negotiating on a US-backed ceasefire proposal for Gaza.
While the shakeup in Netanyahu's government won't necessarily derail the talks, the Israeli leader will be more susceptible to the demands of his far-right coalition partners, who oppose ending the 21-month war while Hamas remains intact.
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New York Post
24 minutes ago
- New York Post
Skydance tells FCC it will scrap DEI, appoint media bias official at CBS News
Skydance has made fresh promises to the Federal Communications Commission as it looks to fast-track its merger with Paramount – including a pledge to scrap DEI policies at CBS News and appoint an ombudsman to root out media bias at the network. The Hollywood studio behind blockbusters including 'Mission: Impossible' said in letters to the FCC that it will conduct a 'comprehensive review' of CBS after the merger goes through to ensure the network is operating in the public interest. It will then put in place an ombudsman for at least two years that will report directly to the president of CBS News with 'any complaints of bias or other concerns,' according to copies of the letters earlier reported by The Hollywood Reporter. Advertisement FCC Chairman Brendan Carr speaking at a congressional hearing. Michael Brochstein/ZUMA / Skydance – which, 'for its part, does not have DEI programs in place today and will not establish such initiatives' – also vowed to eliminate diversity programs at CBS News. The letters, which were sent Tuesday, came as President Trump said he expects to receive an additional $20 million from Skydance in advertising and public service announcements once it takes control of Paramount, confirming an exclusive report by The Post. Advertisement These public service ads will be tied to Trump-backed conservative causes, according to The Post's Charles Gasparino. That's on top of a $16 million settlement from CBS News over a lawsuit concerning a controversially-edited '60 Minutes' interview with Kamala Harris. Skydance did not immediately respond to requests seeking confirmation of this figure. Advertisement 'The company is committed to ensuring that its storytelling reflects the many audiences and communities it serves in a manner that complies with non-discrimination requirements and other applicable laws,' Skydance's general counsel wrote in the letter. That change will affect CBS' hiring, promotion, compensation and public messaging practices, as well as its supplier and vendor diversity goals. It will also scrap the office of global inclusion. Skydance is currently seeking FCC approval for the transfer of CBS broadcast licenses, an integral part of the acquisition process, which has been in limbo for about a year. David Ellison, founder and CEO of Skydance Media. WireImage Advertisement FCC Chairman Brendan Carr and CBS News did not immediately respond to The Post's requests for comment. There had been concerns that Trump's lawsuit against CBS News over the '60 Minutes' scandal could stall the deal's review. In the letters, Skydance cited the Trump administration's recent executive orders on DEI and the Supreme Court's 2023 ruling overturning affirmative action as its basis for eliminating diversity policies. Earlier this year, after launching a probe into Comcast's DEI policies, Carr warned that all media companies regulated by the FCC should erase such programs. 'Every single business that's regulated by the FCC … I trust that they have now got the message that the time to end their invidious forms of DEI discrimination is now,' Carr told The Post at the time.


Bloomberg
25 minutes ago
- Bloomberg
Stock Market Too Focused on Goldilocks Outcome
With about one week left to negotiate, by my count the Trump administration has struck four trade agreements in its push to reset the trade relationship of the US with the rest of the world. Reports on Wednesday suggesting a deal with the EU may be close could make it five. Still, that's not the 90 that the US Commerce Secretary promised three months ago. Markets have tended — except in the initial panic after the president's April 2 tariff announcement — to act like we'd arrive at a good place in due course — the Goldilocks outcome. With the Aug. 1 deadline right around the corner, I still see that as just a tail-risk -- one that is unlikely -- and I'll explain why below. But let's suspend disbelief first and and examine what that (not-impossible) Goldilocks scenario involves and what it would mean for markets.
Yahoo
an hour ago
- Yahoo
Tally of Microsoft Victims Surges to 400 as Hackers Exploit SharePoint Flaw
(Bloomberg) -- The number of companies and organizations compromised by a security vulnerability in Microsoft Corp.'s SharePoint servers is increasing rapidly, with the tally of victims soaring more than six-fold in a few days, according to one research firm. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US Why the Federal Reserve's Building Renovation Costs $2.5 Billion Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Milan Corruption Probe Casts Shadow Over Property Boom The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Hackers have breached about 400 government agencies, corporations and other groups, according to estimates from Eye Security, the Dutch cybersecurity company that identified an early wave of the attacks last week. That's up from roughly 60 based on its previous estimate provided to Bloomberg News on Tuesday. The security firm said that most of the victims are in the US, followed by Mauritius, Jordan, South Africa and the Netherlands. The National Nuclear Security Administration, the US agency responsible for maintaining and designing the nation's cache of nuclear weapons, was among those breached, Bloomberg reported earlier. The National Institutes of Health was also impacted through the SharePoint flaws, according to a person familiar with the matter. Andrew Nixon, a spokesperson for the Department of Health and Human Services, said, 'The Department and its security teams are actively engaged in monitoring, identifying, and mitigating all risks to our IT systems posed by the Microsoft SharePoint vulnerability.' 'At present, we have no indication that any information was breached as a result of this vulnerability,' he said, adding that the department is collaborating with Microsoft and the US Cybersecurity and Infrastructure Security Agency. The Washington Post previously reported that NIH was breached. The hacks are among the latest major breaches that Microsoft has blamed, at least in part, on China and come amid heightened tensions between Washington and Beijing over global security and trade. The US has repeatedly criticized China for campaigns that have allegedly stolen government and corporate secrets over a period spanning decades. The real number of victims from the SharePoint exploits 'might be much higher as there can be many more hidden ways to compromise servers that do not leave traces,' Eye Security's co-owner Vaisha Bernard said in an email to Bloomberg News. 'This is still developing, and other opportunistic adversaries continue to exploit vulnerable servers.' The organizations compromised in the SharePoint breaches include many working in government, education and technology services, Bernard said. There were smaller numbers of victims in countries across Europe, Asia, the Middle East and South America. State-backed hackers tend to exploit major cybersecurity weaknesses, like the SharePoint vulnerability, in waves, according to Sveva Scenarelli, a threat analyst with Recorded Future Inc. They start with secretive, targeted hacks and then, once the vulnerability is discovered, will begin using it more indiscriminately, she said. 'Once access has been acquired, individual threat groups can then triage compromised organizations, and prioritize those of particular interest for follow-on activity,' said Scenarelli, of the cyber intelligence firm's Insikt Group. She said this can include finding ways to maintain access to a compromised network, burrowing deeper and setting up paths to steal sensitive information. US Treasury Secretary Scott Bessent, who is set to meet his Chinese counterparts in Stockholm next week for a third round of trade talks, suggested in a Bloomberg Television interview Wednesday that the SharePoint hacks will be discussed. 'Obviously things like that will be on the agenda with my Chinese counterparts,' he said. The security flaws allow hackers to access SharePoint servers and steal keys that can let them impersonate users or services, potentially enabling deep access into compromised networks to steal confidential data. Microsoft has issued patches to fix the vulnerabilities, but researchers cautioned that hackers may have already got a foothold into many servers. Microsoft on Tuesday accused Chinese state-sponsored hackers known as Linen Typhoon and Violet Typhoon of being behind the attacks. Another hacking group based in China, which Microsoft calls Storm-2603, also exploited them, according to the company. The Redmond, Washington company has repeatedly blamed China for major cyberattacks. In 2021, an alleged Chinese operation compromised tens of thousands of Microsoft Exchange servers. In 2023, another alleged Chinese attack on Microsoft Exchange compromised senior US officials' email accounts. A US government review later accused Microsoft of a 'cascade of security failures' over the 2023 incident. Eugenio Benincasa, a researcher at ETH Zurich's Center for Security Studies who specializes in analyzing Chinese cyberattacks, said members of the groups identified by Microsoft had previously been indicted in the US for their alleged involvement in hacking campaigns targeting US organizations. They are well known for their 'extensive espionage,' he said. It's likely that the SharePoint breaches are being carried out by proxy groups that work with the government rather than Chinese government agencies directly carrying out the hacking, according to Benincasa. Private hacking companies in the country sometimes participate in 'hacker for hire' operations, he added. 'Now that at least three groups have reportedly exploited the same vulnerability, it's plausible more could follow,' he said. 'Cybersecurity is a common challenge faced by all countries and should be addressed jointly through dialogue and cooperation,' said Chinese Foreign Ministry spokesman Guo Jiakun. 'China opposes and fights hacking activities in accordance with the law. At the same time, we oppose smears and attacks against China under the excuse of cybersecurity issues.' According to Microsoft, the hacking group Linen Typhoon was first identified in 2012, and is focused on stealing intellectual property, primarily targeting organizations related to government, defense, strategic planning, and human rights. Violet Typhoon, first observed in 2015, was 'dedicated to espionage' and primarily targeted former government and military personnel, non-governmental organizations, as well as media and education sectors in the US, Europe, and East Asia. The hackers have also used the SharePoint flaws to break into systems belonging to the US Education Department, Florida's Department of Revenue and the Rhodes Island General Assembly, Bloomberg previously reported. Edwin Lyman, director of nuclear power safety for the Union of Concerned Scientists, said that while the National Nuclear Security Administration possesses some of the most restricted and dangerous information in the world, the networks where classified information are stored are isolated from the internet. 'So even if those networks were compromised, I'm not sure how such information could have been transmitted to the adversaries,' Lyman said in an email. 'But there are other categories of information that are sensitive but unclassified, that may be treated with less care and might have been exposed. This includes some information related to nuclear materials and even nuclear weapons.' --With assistance from Lucille Liu, Ari Natter and Jessica Nix. (Updates with details of NIH breach starting in fourth paragraph.) Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Burning Man Is Burning Through Cash A Rebel Army Is Building a Rare-Earth Empire on China's Border What the Tough Job Market for New College Grads Says About the Economy How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data