
<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Hours after Elon Musk told companies to &#8220;go f***&#8221; themselves for pulling their advertisements from X over concerns about antisemitism—and called out Disney CEO Bob Iger by name—a group of right-wing users on the social media platform have called for Disney+ subscribers to cancel their accounts.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p><a href="https://twitter.com/CollinRugg/status/1730227884957040938" target="_blank" rel="noreferrer noopener">Multiple</a>&nbsp;<a href="https://twitter.com/realmichaelseif/status/1730275154805068020" target="_blank" rel="noreferrer noopener">right-wing</a>&nbsp;<a href="https://twitter.com/ChayaRaichik10/status/1730296643872792752" target="_blank" rel="noreferrer noopener">accounts</a>&nbsp;on X, the platform formerly known as Twitter, called on subscribers to Disney’s streaming service Disney+ to cancel their subscriptions, with the X account End Wokeness&nbsp;<a href="https://twitter.com/EndWokeness/status/1730218208324395011" target="_blank" rel="noreferrer noopener">posting</a>&nbsp;instructions for cancellation with the caption: “Stop giving money to people that hate you.”</p>



<p>Those calls follow Disney’s decision earlier this month to&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/11/17/apple-and-disney-pull-x-ads-after-musks-promotion-of-antisemitic-post-joining-these-other-companies/?sh=3f0da76a34fb">suspend its advertising</a>&nbsp;on the social media platform, joining a growing list of companies including Apple, IBM, Lionsgate and Xfinity, following the release of a scathing report that found advertisements on X alongside pro-Nazi posts, and after Musk endorsed a post&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/11/16/elon-musk-condemned-after-calling-antisemitic-post-actual-truth/?sh=7e010cc14020">widely condemned</a>&nbsp;as antisemitic.</p>



<p>Disney’s decision to stop running ads on X could cost the social media platform millions of dollars, while X users’ calls for a boycott of Disney+ would have to reach many of its&nbsp;<a href="https://www.forbes.com/sites/tonifitzgerald/2023/08/09/new-record-for-disney-sheds-117-million-subscribers-password-crackdown-coming/?sh=5fe4d2b51d7b">146 million</a>&nbsp;subscribers (as of August) to have an equivalent effect.</p>



<p>Speaking at the New York Times’ DealBook Summit on Wednesday, Musk&nbsp;<a href="https://www.forbes.com/sites/antoniopequenoiv/2023/11/29/elon-musk-says-advertisers-that-have-left-x-shouldnt-come-back/?sh=1f7dc21b10c0">accused advertisers</a>&nbsp;that left the platform of “blackmailing” him with money and crudely told them to “go f**k themselves,” while addressing Iger in the crowd, saying, “hi Bob.”</p>



<p>Iger, also speaking at the summit,&nbsp;<a href="https://www.youtube.com/watch?v=8pSxx1e5n34" target="_blank" rel="noreferrer noopener">said</a>&nbsp;he has “a lot of respect for Elon and what he’s accomplished,” but took exception with Musk’s endorsement of the post on X, saying: “By him taking the position that he took in quite a public manner, we just felt that the association with that position and Elon Musk and X was not necessarily a positive one for us.”</p>



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<h2 class="wp-block-heading" id="h-contra">CONTRA</h2>



<p>X could lose as much as $75 million in lost advertising revenue due to more than a dozen companies including Airbnb, Coca-Cola, Disney, IBM, Microsoft and Xfinity pulling out, the New York Times&nbsp;<a href="https://www.nytimes.com/2023/11/24/business/x-elon-musk-advertisers.html" target="_blank" rel="noreferrer noopener">reported</a>.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>IBM became one of the first in a string of high-profile advertisers to&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2023/11/16/ibm-suspends-advertising-on-x-after-ads-appear-near-pro-nazi-posts/?sh=17f133ce6a4d">suspend its ads</a>&nbsp;on the platform this month, after a report from left-wing watchdog Media Matters for America found advertisements for the company—as well as Apple, Oracle and Xfinity—appeared near neo-Nazi posts and posts praising Adolf Hitler. Musk suggested the watchdog went out of its way to achieve the result, claiming the finding represented a wildly different experience from that of a typical user. X Corp. later&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/11/18/elon-musk-threatens-thermonuclear-lawsuit-against-group-reporting-antisemitic-x-posts-appearing-near-ads/?sh=27c854462b13">filed a defamation lawsuit</a>&nbsp;against Media Matters. Musk also came under fire after he&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/11/16/elon-musk-condemned-after-calling-antisemitic-post-actual-truth/?sh=648123644020">shared</a>&nbsp;a post on X in which a user claimed “Jewish communities have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them,” an argument Musk called “the actual truth.” The White House also&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/11/17/white-house-condemns-musk-over-abhorrent-promotion-of-antisemitic-and-racist-hate/?sh=4990834c1ea5">condemned</a>&nbsp;that post, issuing a statement calling the claim an “abhorrent promotion of antisemitic and racist hate.” Musk on Wednesday apologized for the post and&nbsp;<a href="https://www.theverge.com/2023/11/29/23981771/musk-says-the-antisemitic-post-was-a-mistake" target="_blank" rel="noreferrer noopener">admitted</a>&nbsp;it was “one of the most foolish, if not the most foolish, thing I’ve done” on the platform.</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>$7.2 billion. That’s how much Disney spent on advertisements in fiscal year 2022, surpassing its advertising budget in 2021 ($5.5 billion) and 2020 ($4.7 billion).</p>



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



<p>Disney became the latest in a wave of major companies to draw the ire of right-wing critics largely online. Earlier this year, Bud Light drew&nbsp;<a href="https://www.forbes.com/sites/conormurray/2023/05/20/far-right-pundits-are-slamming-companies-including-nike-adidas-and-ford-for-lgbtq-outreach-as-pride-month-nears/?sh=64d1685f76d0">massive pushback</a>&nbsp;among right-wingers, including pundits Candace Owens and Ben Shapiro, after the beer brand launched a partnership with transgender TikTok star Dylan Mulvaney. Fast food chain Chick-fil-A also came under fire after right-wing online circles expressed outrage over its hiring of a director of diversity, equity and inclusion in 2021, while Adidas faced right-wing pushback for a marketing campaign that included trans-inclusive swimwear. Target additionally faced right-wing blowback online for an LGBTQ Pride product line. In response to the criticism, Target&nbsp;<a href="https://www.forbes.com/sites/conormurray/2023/05/24/target-removes-pride-items-after-conservative-firestorm-sparking-criticism-from-lgbtq-groups/?sh=18e16e20e512">pulled</a>&nbsp;items from that line in late May, just a week before the start of Pride month, claiming in a statement that threats and criticism it received over the products were “impacting our team members’ sense of safety and well-being,” though the move also sparked pushback in LGBTQ circles over claims the company caved to right-wing blowback.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/antoniopequenoiv/2023/11/29/elon-musk-says-advertisers-that-have-left-x-shouldnt-come-back/?sh=1f7dc21b10c0">Elon Musk Says Advertisers That Have Left X Shouldn’t Come Back</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/brianbushard/2023/11/17/apple-and-disney-pull-x-ads-after-musks-promotion-of-antisemitic-post-joining-these-other-companies/?sh=3f0da76a34fb">Apple And Disney Pull X Ads After Musk’s Promotion Of Antisemitic Post—Joining These Other Companies</a> (Forbes)</p>


Popular Streaming Services Photo Illustrations

Disney Vs. Musk: Right-Wing X Users Push For Disney+ Cancellations As Disney Pulls Ads


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Israel and Hamas on Thursday agreed to extend an ongoing temporary ceasefire by an additional day, just minutes before it was set to expire, a move that will allow for continued negotiations on the release of more hostages from Gaza in exchange for Palestinians held in Israeli prisons.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>The extension was announced by the&nbsp;<a href="https://twitter.com/MofaQatar_EN/status/1730096017763107245" target="_blank" rel="noreferrer noopener">Qatari Foreign Ministry</a>—which is mediating discussions between the two sides—just minutes before the ceasefire agreement was set to expire at 7 a.m. local time.</p>



<p>The extended truce maintains the same conditions both sides had agreed to previously where Hamas will release at least 10 Israeli hostages every day in exchange for 30 Palestinian prisoners.</p>



<p>Qatari officials said efforts for permanent ceasefire agreement are still ongoing.</p>



<p>The Israeli Prime Minister’s office said it has already informed the relatives of hostages who are expected to be released on Thursday, with&nbsp;<em>Haaretz</em>&nbsp;<a href="https://www.haaretz.com/israel-news/2023-11-30/ty-article-live/12-israelis-four-thai-nationals-released-from-hamas-captivity-in-gaza/0000018c-1e28-db78-adcc-be7c50fb0007?liveBlogItemId=720471109&amp;htm_source=site&amp;htm_medium=button&amp;htm_campaign=live_blog_item#720471109" target="_blank" rel="noreferrer noopener">reporting</a>&nbsp;that the list could include eight women and children.</p>



<p><em>This is a developing story</em>.</p>


Two-Day Truce Extension Promises Release Of More Israeli Hostages And Palestinian Prisoners

Israel-Hamas Ceasefire Extended By One More Day Minutes Before It Was Set To Expire


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Shein, a China-based company that dominates the fast-fashion industry, has confidentially filed to go public, the <a href="https://www.wsj.com/business/fast-fashion-giant-shein-files-to-go-public-30a97410?mod=business_lead_story" target="_blank" rel="noreferrer noopener">Wall Street Journal</a> and <a href="https://www.cnbc.com/2023/11/27/shein-files-for-us-ipo-as-fast-fashion-giant-looks-to-expand-its-global-reach.html" target="_blank" rel="noreferrer noopener">CNBC</a> reported Monday.</p>



<h2 class="wp-block-heading">KEY FACTS</h2>



<p>Shein will be working with Goldman Sachs, JPMorgan Chase and Morgan Stanley as underwriters on the offering, the Wall Street Journal reported.</p>



<p>The initial public offering could happen as soon as 2024, people with knowledge of the matter told CNBC and the Journal.</p>



<p>Last year Shein was valued at $100 billion—worth more than the combined value of two of its fast-fashion competitors, Zara and H&amp;M, according to previous Forbes <a href="https://www.forbes.com/sites/janeho/2022/11/09/founder-of-fast-fashion-phenomenon-shein-joins-ranks-of-chinas-richest-after-new-fundraising/?sh=10f1cb782bc7">reporting</a>—though Bloomberg reported the value <a href="https://www.bloomberg.com/news/articles/2023-11-07/shein-targets-up-to-90-billion-valuation-in-us-ipo-sources-say?embedded-checkout=true#xj4y7vzkg" target="_blank" rel="noreferrer noopener">dropped</a> to between $50 billion and $60 billion this year as higher interest rates and an uncertainty cloud the market.</p>



<p>Shein declined to comment to Forbes.</p>



<h2 class="wp-block-heading">WHAT TO WATCH FOR</h2>



<p>Earlier this month, people familiar with Shein’s IPO intentions&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-11-07/shein-targets-up-to-90-billion-valuation-in-us-ipo-sources-say?embedded-checkout=true#xj4y7vzkg" target="_blank" rel="noreferrer noopener">told</a>&nbsp;Bloomberg the company hopes to get a valuation of around $80 billion or $90 billion before going public, which would be one of the largest initial public offerings ever.</p>



<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>An IPO has long been rumored for Shein, which was founded in 2008 and quickly gained ground in the fast-fashion field. It’s known for selling trendy clothes that target Gen Z buyers with dirt cheap prices, regularly offering products for under $10. The company has faced its fair share of controversy and has regularly been criticized for relying on cotton produced with forced labor in China’s Xinjiang region. Earlier this year, 16 state attorneys general formally asked the Securities and Exchange Commission to not allow Shein to go public until it can prove the company doesn’t use forced labor, CNBC&nbsp;<a href="https://www.cnbc.com/2023/08/30/shein-faces-scrutiny-over-forced-labor-before-ipo.html" target="_blank" rel="noreferrer noopener">reported</a>. Shein is also under investigation by a House committee scrutinizing China, and a&nbsp;<a href="https://selectcommitteeontheccp.house.gov/media/press-releases/select-committee-releases-interim-findings-shein-temu-forced-labor" target="_blank" rel="noreferrer noopener">report</a>&nbsp;from June said Shein and Temu—another fast fashion company—“raise serious concerns about the continued presence of products made with forced labor contaminating American imports.” Shein has denied that it uses forced labor, Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-10-24/us-lawmaker-seeks-investigation-that-could-bar-shein-apparel" target="_blank" rel="noreferrer noopener">reported</a>.</p>



<h2 class="wp-block-heading">FORBES VALUATION</h2>



<p>We estimate <a href="https://www.forbes.com/profile/chris-xu/?sh=237275327aa4">Sky Xu</a>, founder and CEO of Shein, to be worth $11.2 billion as of Monday evening, making him the 166th wealthiest person in the world. He was also listed at No. 19 on Forbes’ <a href="https://www.forbes.com/lists/china-billionaires/?sh=4cbb22262d43">China’s Richest list</a>, published earlier this month.</p>



<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>An IPO has long been rumored for Shein, which was founded in 2008 and quickly gained ground in the fast-fashion field. It’s known for selling trendy clothes that target Gen Z buyers with dirt cheap prices, regularly offering products for under $10. The company has faced its fair share of controversy and has regularly been criticized for relying on cotton produced with forced labor in China’s Xinjiang region, home to the Uyghur population. Earlier this year, 16 state attorneys general formally asked the Securities and Exchange Commission to not allow Shein to go public until it can prove the company doesn’t use forced labor, CNBC&nbsp;<a href="https://www.cnbc.com/2023/08/30/shein-faces-scrutiny-over-forced-labor-before-ipo.html" target="_blank" rel="noreferrer noopener">reported</a>. Shein is also under investigation by a House committee scrutinizing China, and a&nbsp;<a href="https://selectcommitteeontheccp.house.gov/media/press-releases/select-committee-releases-interim-findings-shein-temu-forced-labor" target="_blank" rel="noreferrer noopener">report</a>&nbsp;from June said Shein and Temu—another fast fashion company—“raise serious concerns about the continued presence of products made with forced labor contaminating American imports.” Shein has denied that it uses forced labor, Bloomberg&nbsp;<a href="https://www.bloomberg.com/news/articles/2023-10-24/us-lawmaker-seeks-investigation-that-could-bar-shein-apparel" target="_blank" rel="noreferrer noopener">reported</a>.</p>


Trending Apps Photo Illustrations

Shein Reportedly Files For IPO Amid Fast-Fashion Surge


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Israel released 39 Palestinians it was holding in its Ofer prison in the occupied West Bank on Friday as part of a deal for the release of Israeli hostages Hamas took during its Oct. 7 attack—the Palestinians released were mostly teenage boys and women, a vast majority had not yet been convicted of a crime and many had been imprisoned for years.</p>



<h2 class="wp-block-heading">KEY FACTS</h2>



<p>Seventeen of the released Palestinian prisoners are minors and, of those 17, 15 are boys and two were girls, while the remaining 22 are adult women,&nbsp;<a href="https://www.aljazeera.com/news/2023/11/24/who-were-the-palestinian-prisoners-israel-released-on-friday" target="_blank" rel="noreferrer noopener">Al Jazeera</a>&nbsp;reported.</p>



<p>Israel holds 2,200 Palestinians in detention under its controversial “administrative detention” policy that Israel says is a counter-terrorism measure it uses against people who plan to commit future offenses, according to the AP.</p>



<p>The released prisoners include Iyas Khatib, 17, the son of a U.N. aid worker who was put in “administrative detention” last year based on secret evidence without being publicly charged of a crime or put on trial, the&nbsp;<a href="https://apnews.com/article/palestinians-israel-prisoner-exchange-hostage-92545883b1fef86fb9b34549b7deca58" target="_blank" rel="noreferrer noopener">Associated Press</a>&nbsp;reported.</p>



<p>The prisoners also include Marah Bakeer, 24, who was a 16-year-old high school student in occupied East Jerusalem when Israeli forces shot at and arrested her for allegedly trying to stab an Israeli officer, an accusation Bakeer and her family deny,&nbsp;<a href="https://www.aljazeera.com/news/2023/11/25/family-celebrates-return-of-free-palestinian-prisoner-marah-bakeer" target="_blank" rel="noreferrer noopener">Al Jazeera</a>&nbsp;reported.</p>



<p>The 39 are part of a list of 300 Palestinians Israel said it was considering releasing as part of its deal with Hamas—some on the list were held on minor charges like throwing stones (though some were held on charges as serious as attempted murder), less than a quarter of them were convicted of a crime and most were being held on remand while awaiting a trial, the <a href="https://www.bbc.com/news/world-middle-east-67522703" target="_blank" rel="noreferrer noopener">BBC</a> reported.</p>



<p>Other common offenses the prisoners have been accused of include threatening security officers, entering Israel illegally without a permit, supporting terrorism and associating with hostile or unknown organizations,&nbsp;<a href="https://www.aljazeera.com/news/2023/11/24/who-were-the-palestinian-prisoners-israel-released-on-friday" target="_blank" rel="noreferrer noopener">Al Jazeera</a>&nbsp;reported.</p>



<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>The released prisoners were being held in Israel’s Ofer prison, which is situated in the occupied West Bank near its western border north of Jerusalem. Israeli forces began using it in 2002 and it has since housed scores of Palestinian detainees, according to the&nbsp;<a href="https://www.addameer.org/content/offer-prison" target="_blank" rel="noreferrer noopener">Addameer</a>&nbsp;Prisoner Support and Human Rights Association, a Palestinian non-governmental organization. The Israeli military court system is designed to prosecute Palestinians that violate its various military orders in occupied Palestinian territory, according to Addameer. Human rights groups allege that Israel’s military court system rules Palestinains guilty 99% of the time, according to the&nbsp;<a href="https://www.bbc.com/news/world-middle-east-67528844" target="_blank" rel="noreferrer noopener">BBC</a>. Addammer points to other perceived issues with the military court and Israeli prison systems, including that Israeli officers, despite being required to interrogate prisoners in their native language, allegedly often&nbsp;<a href="https://www.addameer.org/israeli_military_judicial_system/military_courts" target="_blank" rel="noreferrer noopener">get them to sign</a>&nbsp;statements in Hebrew they don’t understand and that prison officials allegedly&nbsp;<a href="https://www.addameer.org/key_issues/medical_negligence" target="_blank" rel="noreferrer noopener">deliberately don’t provide</a>&nbsp;prisoners with necessary medical care.</p>



<h2 class="wp-block-heading">BIG NUMBER</h2>



<p>750,000. That’s how many Palestinians have at one point been in an Israeli jail since 1967, according to estimates from human rights groups, the&nbsp;<a href="https://apnews.com/article/palestinians-israel-prisoner-exchange-hostage-92545883b1fef86fb9b34549b7deca58" target="_blank" rel="noreferrer noopener">AP</a>&nbsp;reported.</p>



<h2 class="wp-block-heading">NEWS PEG</h2>



<p>The release of the Palestinian prisoners was part of&nbsp;<a href="https://www.forbes.com/sites/anafaguy/2023/11/22/what-to-know-about-the-israel-hamas-hostage-deal/?sh=64f13bfe5845">an agreement</a>&nbsp;between Israel and Hamas that ended weeks of ferocious fighting between the two. That fighting began Oct. 7 after Hamas crossed the border of northern Gaza into Israel, killing around 1,200 and taking 240 hostage in a bloody attack. Israel responded with frequent airstrikes and a ground military incursion into Gaza. More than 14,500 people have been killed in Gaza since Israel declared war, according to the Hamas-controlled Health Ministry. On Friday,&nbsp;<a href="https://www.forbes.com/sites/alisondurkee/2023/11/24/temporary-ceasefire-takes-effect-in-gaza/?sh=2c11d07321a5">fighting paused</a>&nbsp;as part of a temporary cease-fire. As part of the cease-fire deal, Hamas agreed to release some of the hostages it took on Oct. 7, and Israel agreed to free some of its Palestinian prisoners. Along with the 39 released Palestinians, 13 Israeli hostages were released Friday. The pause in fighting—which is set to last four days, but could be extended if both sides come to further agreement—allowed trucks carrying humanitarian aid to enter Gaza.</p>



<h2 class="wp-block-heading">WHAT TO WATCH FOR</h2>



<p>More Palestinian prisoners and Israeli hostages to be released. Israel has promised to release 150 Palestinian prisoners and Hamas agreed to release 50 hostages. All of those are expected to be released by the end of the four-day cease-fire. However, even more could ultimately be released soon. As part of the deal, Israel agreed to continue the pause in fighting one more day for each additional 10 hostages released by Hamas.</p>



<h2 class="wp-block-heading">TANGENT</h2>



<p>The newly freed Palestinian minors’ names are Yousef Mohammad Mustafa Ata, Qusai Hani Ali Ahmad, Jibreel Ghassan Ismail Jibreel, Mohammad Ahmad Suleiman Abu Rajab, Ahmad Nu’man, Ahmad Abu Na’im, Baraa Bilal Mahmoud Rabee, Aban Iyad Mohammad Said Hammad, Moataz Hatem Moussa Abu Aram, Iyas Abdul Qader Mohammad Khatib, Hazma Laith Khalil Othman Othman, Mohammad Mahmoud Ayoub Dar Darwish, Jamal Khalil Jamal Barahmeh, Jamal Yousef Jamal Abu Hamdan, Mohammad Anis Saleem Tarabi, Abdul Rahman Abdul Rahman Suleiman Rizq, Zeina Raed Abdou and Noor Mohammad Hafez al-Tahir, according to&nbsp;<a href="https://www.aljazeera.com/news/2023/11/24/who-were-the-palestinian-prisoners-israel-released-on-friday" target="_blank" rel="noreferrer noopener">Al Jazeera</a>. The adults’ names are Rawan Nafez Mohammad Abu Matar, Marah Joudat Moussa Bakeer, Malak Mohammad Yousef Suleiman, Amani Khaled Nu’man Hasheem, Nihaya Khader Hussein Sawan, Fayrouz Fayez Mahmoud al-Baw, Tahreer Adnan Mohammad Abu Suriya, Falasteen Fareed Abdul Latif Najm, Walaa Khaled Fawzi Tanja, Maryam Khaled Abdul Majid Arafat, Asil Muneer Ibrahim al-Tayti, Azhar Thaer Bakr Assaf, Raghd Nashat Salah al-Fanni, Fatima Nu’man Ali Badr, Rawda Moussa Abdul Qader Abu Ujaima, Sara Ayman Abdul Aziz Abdullah al-Suweisa, Fatima Ismail Abdul Rahman Shahin, Samira Abdul Harbawi, Samah Bilal Abdul Rahman Souf, Fatima Bakr Moussa Abu Shalal, Hanan Saleh Abdullah al-Barghouthi and Fatima Nasr Mohammad Amarnah, according to Al Jazeera.</p>



<h2 class="wp-block-heading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/willskipworth/2023/11/24/heres-what-to-know-about-the-hostages-released-from-gaza/?sh=4800c2e1aff7">Here’s What To Know About The Hostages Released From Gaza</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/willskipworth/2023/11/24/first-hostages-released-amid-temporary-israel-hamas-ceasefire/?sh=1c663278e9fe">First Hostages Released Amid Temporary Israel-Hamas Ceasefire</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/alisondurkee/2023/11/24/temporary-ceasefire-takes-effect-in-gaza/?sh=2c11d07321a5">Temporary Ceasefire Takes Effect In Gaza</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/anafaguy/2023/11/22/what-to-know-about-the-israel-hamas-hostage-deal/?sh=64f13bfe5845">What To Know About The Israel-Hamas Hostage Deal</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/siladityaray/2023/11/23/israeli-forces-reportedly-arrest-director-of-gazas-largest-hospital/?sh=28e410055505">Israeli Forces Reportedly Arrest Director Of Gaza’s Al-Shifa Hospital</a>&nbsp;(Forbes)</p>


Gilad Shalit Swap Deal

Israel Released 39 Palestinian Prisoners: Here’s What We Know About Them


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Two unnamed players from Netflix’s “Squid Game: The Challenge” are threatening to sue the streaming giant and the game show’s producers over claims they experienced hypothermia and nerve damage while shooting the show, according to&nbsp;<a href="https://deadline.com/2023/11/squid-game-the-challenge-contestants-threaten-injury-lawsuit-1235635675/" target="_blank" rel="noreferrer noopener">Deadline</a>, which cited British personal injuries firm Express Solicitors.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>Express Solicitors said in a statement the contestants are seeking compensation for the alleged injuries suffered while filming in the U.K. early this year.</p>



<p>The injuries were allegedly sustained while the contestants played the “Red Light, Green Light” game, which tasks players with crossing a field of play and having to suddenly stop their advances anytime an announcer says “red light.”</p>



<p>Express Solicitors told Deadline the contestants were left with injuries “after spending time being stuck in painful stress positions in cold temperatures.”</p>



<p>The lawsuit threat comes several months after Netflix acknowledged that three players required medical attention while filming at a former Royal Air Force base in Bedford.</p>



<p>A spokesperson for the show confirmed to Deadline that no lawsuit has been filed by any of the contestants.</p>



<p>Express Solicitors did not immediately respond to Forbes’ request for comment.</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>$4.56 million. That’s the cash prize for the show, which currently has five out of 10 episodes out on Netflix and will be won by one of its 456 contestants.</p>



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



<p>“We have sent letters of claim on behalf of contestants injured in this show,” Daniel Slade, chief executive officer at Express Solicitors, said in&nbsp;<a href="https://www.expresssolicitors.co.uk/blog/express-solicitors-in-the-news#news1" target="_blank" rel="noreferrer noopener">a statement</a>. “From what we’ve been told they pushed the boundaries of safety in the name of entertainment.”</p>



<p>Forbes Daily: Get our best stories, exclusive reporting and essential analysis of the day’s news in your inbox every weekday.Sign Up</p>



<p>By signing up, you accept and agree to our&nbsp;<a href="https://www.forbes.com/terms-and-conditions" target="_blank" rel="noreferrer noopener">Terms of Service</a>&nbsp;(including the class action waiver and arbitration provisions), and you acknowledge our&nbsp;<a href="https://www.forbes.com/privacy" target="_blank" rel="noreferrer noopener">Privacy Statement</a>.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>The show’s contestants called out the show this year in an interview with&nbsp;<a href="https://variety.com/2023/tv/global/netflix-squid-game-reality-show-frozen-inhumane-welfare-1235511809/" target="_blank" rel="noreferrer noopener">Variety</a>, saying the shooting conditions were “absolutely inhumane and had nothing to do with the game.” Contestants weren’t paid to participate in the show and were reportedly told the shoot would take about two hours to complete, though some players participated for nearly seven hours. The shoot also took place during a cold snap in the U.K., when temperatures dropped to 32 degrees fahrenheit and contestants collapsed, according to Variety, which reported cold and fatigue had hit players who dealt with eight hours of prep time before the game started. The game show is based on the South Korean dystopian drama, Squid Game, which raked in&nbsp;<a href="https://www.cnet.com/culture/entertainment/netflix-squid-game-is-even-bigger-than-you-thought-2-billion-hours-big/" target="_blank" rel="noreferrer noopener">more than 1.5 billion&nbsp;</a>of streaming hours from users and became one of Netflix’s most popular shows of all time.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://deadline.com/2023/11/squid-game-the-challenge-contestants-threaten-injury-lawsuit-1235635675/" target="_blank" rel="noreferrer noopener">‘Squid Game: The Challenge’ Contestants Threaten Lawsuit After Claiming They Suffered Hypothermia &amp; Nerve Damage During Filming</a>&nbsp;(Deadline)</p>



<p><a href="https://variety.com/2023/tv/global/netflix-squid-game-reality-show-frozen-inhumane-welfare-1235511809/" target="_blank" rel="noreferrer noopener">Inside Netflix’s ‘Squid Game’ Reality Show Disaster: ‘The Conditions Were Absolutely Inhumane’</a> (Variety)</p>


Opening Of Gamescom In Cologne

‘Squid Game: The Challenge’ Players Threaten Netflix With Lawsuit Over Alleged Injuries


<p><strong>The Himalayan Kingdom quietly spent millions building its own bitcoin mining operation. Now, using satellite imagery, <em>Forbes</em> has uncovered the secret locations of the world’s largest state-owned mines.</strong></p>



<p>Dozens of shipping containers lie hidden behind a hillside south of Thimphu, the Himalayan capital of Bhutan, one of the world’s most isolated nations. Inside, millions of dollars of bitcoin mining machines work unceasingly to amass the valuable currency that now fascinates the country’s monarch — and his kingdom. Under the reign of Jigme Khesar Namgyel Wangchuck, the “Dragon King,” Bhutan has been quietly transformed into a crypto Shangri-La with its government dedicating land, funding and energy to operations like these, which it hopes will avert a looming economic crisis.</p>



<p>But Bhutanese officials have never disclosed the location or scope of these facilities. And when it became the first country to have founded a sovereign bitcoin mine approximately four years ago, few outside of Bhutan knew. Its government only began commenting on its digital asset investments after&nbsp;<a href="https://www.forbes.com/sites/iainmartin/2023/04/15/the-tiny-kingdom-of-bhutan-secretly-held-millions-of-dollars-in-cryptocurrency/"><em>Forbes</em>&nbsp;first reported details</a>&nbsp;of its multi-million-dollar portfolio earlier this year, which were exposed by the bankruptcies of fallen crypto lenders BlockFi and Celsius, with whom it had banked significant holdings.</p>



<p>Now, <em>Forbes</em> has identified the sites of what appear to be four mines run by the Thunder Dragon kingdom, based on sources with knowledge of Bhutan’s crypto investments and confirmed through satellite imagery from Planet Labs, Satellite Vu and Google Earth. They show long rectangular mining units, data center cooling systems and high capacity power lines and transformers that run from Bhutan’s hydroelectric plants to the sites. They have never been publicly disclosed.</p>



<p>One facility — the pilot location for Bhutan’s bitcoin mining efforts, a source said — was built near Dochula Pass, an area that holds cultural and political significance for its 108 memorial shrines dedicated to fallen Bhutanese soldiers. Planet Labs and Google Earth satellite imagery indicate that earthmoving began on the site in 2020 with construction appearing to have finished in late 2022. Aerial views show a cluster of green and white-roofed mining units enclosed by miles of forest. Though just steps from a busy highway, Google Street View suggests it is completely hidden from unknowing passersby. A second source told&nbsp;<em>Forbes</em>&nbsp;that the ground has been leveled along this stretch of road to provide additional cover for the site.</p>



<p>A second mine is located near Trongsa, a town east of Thimphu and ancestral seat of the current Wangchuck dynasty. A third is situated in the heavily forested district of Dagana, near a middle school that caters to children in the rural community.</p>



<p>What appears to be the kingdom’s fourth and largest mine sits on the bones of a contentious — and failed — $1 billion government megaproject called “<a href="https://www.nationalcouncil.bt/assets/uploads/docs/acts/2014/Bhutan_Education_City_Act_2012_eng9th.pdf" target="_blank" rel="noreferrer noopener">Education City</a>,” an effort to establish an international center “for education and knowledge” in Bhutan. The mine runs alongside the country’s first paved road, Phuentsholing-Thimphu national highway, but is concealed behind mountainous terrain. Only transformers and power lines betray the fact that a bitcoin mine now occupies the site. Historical satellite imagery shows that its construction began around December 2021, coinciding with the import of $193 million in “processing units,” according to customs data from the Ministry of Finance. The imports were appended with the same tariff code used by bitcoin mining hardware companies.</p>



<p>Bhutan had pitched the&nbsp;<a href="https://www.nationalcouncil.bt/assets/uploads/docs/acts/2014/Bhutan_Education_City_Act_2012_eng9th.pdf" target="_blank" rel="noreferrer noopener">Education City</a>&nbsp;project to its citizens as a means to secure their future amid rising youth unemployment,&nbsp;<a href="https://kuenselonline.com/migration-of-bhutanese/" target="_blank" rel="noreferrer noopener">surging emigration numbers</a>&nbsp;and brain drain. Roughly 1.5% of Bhutan’s population&nbsp;<a href="https://www.reuters.com/world/asia-pacific/bhutans-jobs-woes-drive-an-exodus-australia-2023-07-28/" target="_blank" rel="noreferrer noopener">emigrated last year</a>&nbsp;to Australia alone, many seeking job opportunities and better pay. In Bhutan, the minimum wage is set at just $45 per month and approximately 12% of its population lives below the poverty line, according to local newspaper&nbsp;<a href="https://kuenselonline.com/labour-ministry-reviewing-the-national-minimum-daily-wage/" target="_blank" rel="noreferrer noopener"><em>Kuensel</em></a>.</p>



<p>Education City was supposed to change that. In 2009, Bhutan’s government paid consulting firm McKinsey &amp; Co. some $9 million to help design a $1 billion &#8220;world-class regional hub for health, education, finance, ICT services.&#8221; Nestled between the confluence of two rivers, the 1,000-acre campus would be a beacon of the country’s experimental Gross National Happiness economic model, and a higher ed hub for Asia. It was to host satellites of some of the most prestigious universities in the world, as well as R&amp;D facilities, laboratories, hotels and event centers. And according to the Bhutanese government, it would promote &#8220;Brand Bhutan,&#8221; creating a &#8220;green and sustainable economy,&#8221; &#8220;culturally and spiritually sensitive industries&#8221; and a &#8220;knowledgeable society.&#8221;</p>



<p>It did none of those things. Plagued by political scandals, mismanagement and innumerable delays, Education City was scrapped in 2014. But left behind were roads, bridges, a water supply and, crucially, power lines — building blocks for a bitcoin mine.</p>


<div class="wp-block-image">
<figure class="aligncenter is-resized"><img decoding="async" src="https://imageio.forbes.com/specials-images/imageserve/655cdfb1f26e45135e0fe07a/Infrastructure-consistent-with-that-of-a-bitcoin-mine-in-the-rural-region-of-Dagana-/0x0.jpg?format=jpg&amp;width=1440" alt="Infrastructure consistent with that of a bitcoin mine in the rural region of Dagana. " style="width:750px;height:auto"/><figcaption class="wp-element-caption">Infrastructure consistent with that of a bitcoin mine in the rural region of Dagana.&nbsp;<small>IMAGE © PLANET LABS PBC</small></figcaption></figure></div>


<p>The kingdom’s sovereign investing arm, Druk Holdings &amp; Investment (DHI), confirmed the mines’ existence. “Sites for bitcoin-mining related facilities in Bhutan have been selected based on the logistical needs of the operations such as power supply and a variety of other factors,” it told&nbsp;<em>Forbes</em>&nbsp;through an outside communications firm. It declined to comment on their locations, however, stating that “DHI does not disclose commercially sensitive details of its operations.”</p>



<p>Bitcoin was a Hail Mary addition to Bhutan’s economic masterplan. The kingdom’s finances have long been underpinned by tourism revenues and the export of a massive surplus of hydropower to its neighbor India. But the Covid pandemic tanked the&nbsp;<a href="https://jp.reuters.com/article/bhutan-tourism-environment-climate-idAFL8N3A93GD#:~:text=In%202019%2C%20before%20the%20pandemic,earn%20the%20country%20foreign%20exchange." target="_blank" rel="noreferrer noopener">$88.6 million</a>&nbsp;annual revenue the country collected from $65-a day visa fees, requiring an urgent course correction. According to multiple sources, Bhutanese government officials began holding talks with bitcoin miners and suppliers sometime in 2020.</p>



<p>DHI, which oversees Bhutan’s bitcoin operations, told local newspaper&nbsp;<a href="https://thebhutanese.bt/dhi-confirms-that-it-is-mining-digital-assets/" target="_blank" rel="noreferrer noopener"><em>The Bhutanese</em></a>&nbsp;that it “entered the mining space” when the cryptocurrency’s price was $5,000 (it was last valued at this level in April 2019 but is now worth $36,000). Bhutan’s own import data and satellite imagery suggest that its operations truly ramped up in 2020. In May, when&nbsp;<em>Forbes</em>&nbsp;asked DHI to confirm that timing, a spokesperson for the fund would say only that a series of bitcoin investments were made “in a period in 2019.” They added that DHI was “currently net positive in our digital asset position.”&nbsp;<a href="https://www.cnbc.com/2022/12/23/bitcoin-price-calls-in-2022-how-the-market-got-it-wrong.html" target="_blank" rel="noreferrer noopener">Bitcoin’s price collapsed</a>&nbsp;from $69,000 in November 2021 to under $17,000 last December.</p>



<p><a href="https://thebhutanese.bt/bitcoin-powers-a-50-hike-for-public-servants/" target="_blank" rel="noreferrer noopener"><em>The Bhutanese</em></a>&nbsp;reported in June that DHI was planning to sell down its bitcoin stockpile to fund a 50% salary hike for government officials worth $72 million, as Bhutan faces an economic and political crisis with a trade deficit running down its&nbsp;<a href="https://thebhutanese.bt/bitcoin-powers-a-50-hike-for-public-servants/" target="_blank" rel="noreferrer noopener">hard currency reserve</a>&nbsp;to just $689 million. (This will cover just 14 months of imports while the country’s constitution requires 12 months of reserves.)</p>



<p>Several sources inside Bhutan told&nbsp;<em>Forbes</em>&nbsp;that the mines are now an open secret, though neither the Bhutanese government nor DHI have formally disclosed their existence. In emails to&nbsp;<em>Forbes</em>, DHI has consistently declined to comment on the scope or financing of its cryptocurrency regime.</p>



<p>DHI, which also operates the nation’s flagship airline, hydroelectric power plants and a cheese factory, does not provide any breakdown of revenues or investment in bitcoin mining in its annual accounts beyond noting it had raised foreign currency bonds to fund the project. Bhutan’s Ministry of Finance has been equally quiet. Outside academics and insiders who specialize in monitoring global bitcoin activity told&nbsp;<em>Forbes</em>&nbsp;that the country’s mining activities remain a conundrum. DHI claimed that it was “not involved in decisions as to the use of funds that DHI pays out to the Government.”</p>



<p>But the kingdom left a breadcrumb trail. Trade data accessed through the Observatory of Economic Complexity, an open source platform that visualizes global trade patterns, indicates that more than $220 million in chips used for bitcoin mining were shipped from China to Bhutan between 2021 and 2022. DHI declined to answer questions about them, citing “NDAs with contractual parties.” And Bhutan’s Ministry of Energy data reveals a massive 63% spike in power usage by industry in 2022.</p>


<div class="wp-block-image">
<figure class="aligncenter is-resized"><img decoding="async" src="https://imageio.forbes.com/specials-images/imageserve/655cdf7af7758dcd00342f24/Green-roofed-units-in-Trongsa--the-ancestral-seat-of-the-Wangchuck-dynasty-/0x0.jpg?format=jpg&amp;width=1440" alt="Green-roofed units in Trongsa, the ancestral seat of the Wangchuck dynasty." style="width:728px;height:auto"/><figcaption class="wp-element-caption">Green-roofed units in Trongsa, the ancestral seat of the Wangchuck dynasty.<small>IMAGE © PLANET LABS PBC</small></figcaption></figure></div>


<p>Meanwhile, Bhutan, which has for years sold off surplus energy to India, has massively ramped up imports, purchasing $20.7 million worth of electricity in 2023, according to&nbsp;<a href="https://kuenselonline.com/growing-domestic-demand-cuts-electricity-export-revenue-by-27-percent/" target="_blank" rel="noreferrer noopener"><em>Kuensel</em></a>. Government officials&nbsp;<a href="https://kuenselonline.com/growing-domestic-demand-cuts-electricity-export-revenue-by-27-percent/" target="_blank" rel="noreferrer noopener">recently</a>&nbsp;warned that this bill would balloon to $72 million over the coming winter with imports needed for five months to cover demand.</p>



<p>The Asian monsoon season means that Bhutan has always experienced droughts when its hydropower plants stand largely idle for three months, requiring it to import electricity from India’s largely coal-powered grid. Bhutan’s investment in bitcoin mining has, however, hinged on reliable access to cheap and clean energy.</p>



<p>“Bhutan prioritises power supply for domestic consumption. Industry and business — including projects related to bitcoin mining — are accorded lower priority,” DHI’s spokesperson said. In the winter months when hydropower generation typically decreases, “mining activity may be shut down subject to electricity availability.”</p>



<p>However, the four state-owned mines&nbsp;<em>Forbes</em>&nbsp;believes it has identified might not even be Bhutan’s largest. In 2022, the country entered a partnership with Singaporean bitcoin mining giant, Bitdeer, which made Bhutan the seat of its Asian expansion. In March,&nbsp;<a href="https://www.planet.com/stories/gedu-XyMPiYu4g" target="_blank" rel="noreferrer noopener">Bitdeer broke ground</a>&nbsp;on a mine in the southern town of Gedu, according to satellite imagery from Planet Labs, bringing 100 megawatts (MW) online in August, the company said. DHI, which owns Bhutan’s national power company, will be supplying electricity to the site. Bitdeer disclosed in a July update that it was already running 11,000 miners and had ordered an additional 15,000 machines. When completed, the 600 MW facility will consume more energy than the rest of the nation,&nbsp;<a href="https://asia.nikkei.com/Economy/Bhutan-puts-Bitcoin-mining-plan-in-motion-to-power-up-economy" target="_blank" rel="noreferrer noopener"><em>Nikkei</em></a>&nbsp;reported.</p>



<p>Recently, Bitdeer staff have been approaching investors at industry conferences such as Mining Disrupt for a $500 million “<a href="https://www.bloomberg.com/news/articles/2023-05-03/bhutan-plans-500-million-fund-for-bitcoin-btc-and-crypto-mining-in-himalayas" target="_blank" rel="noreferrer noopener">green crypto mining</a>” fund. DHI&nbsp;<a href="https://asia.nikkei.com/Economy/Bhutan-puts-Bitcoin-mining-plan-in-motion-to-power-up-economy" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;it will support 300 to 400 jobs and a new computing sector in Bhutan — echoing the country’s moonshot pitch for the defunct Education City. Bitdeer CEO Matt Linghui Kong told Forbes in a statement that the company is “getting a lot of interest” in the fund and is currently in negotiations with multiple investors who it declined to name.</p>



<p>The new fund and jobs could be desperately needed, with the Asian Development Bank forecasting that Bhutan’s economy would slow to 4.6% this&nbsp;<a href="https://kuenselonline.com/bhutans-economy-to-slow-down-to-4-6-percent-this-year-adb/" target="_blank" rel="noreferrer noopener">year</a>. The government’s own economists called for economic reforms and budget cuts to stave off a&nbsp;<a href="https://kuenselonline.com/bhutans-economy-to-slow-down-to-4-6-percent-this-year-adb/" target="_blank" rel="noreferrer noopener">financial crisis</a>.</p>



<p>For now, Bhutan’s appetite for blockchain-based solutions seems undimmed by these challenges. Earlier this month, on the king and queen’s 12th wedding anniversary, it unveiled an experimental&nbsp;<a href="https://kuenselonline.com/bhutan-national-digital-identity-application-launched-in-thimphu/" target="_blank" rel="noreferrer noopener">decentralized digital identity app</a>. Its first test subject and digital citizen? The crown prince.</p>



<p><em>With additional reporting and satellite imagery analysis by&nbsp;</em><a href="https://www.stimson.org/ppl/eyler/" target="_blank" rel="noreferrer noopener"><em>Brian Eyler</em></a><em>, a senior fellow at the Stimson Center and director of its Southeast Asia Program and its Energy, Water, and Sustainability Program.</em></p>


Bhutan

Bhutan Built A Bitcoin Mine On The Site Of Its Failed ‘Education City’


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Israel and Hamas have reached a deal in which around 50 hostages being held by Hamas will be released to Israel, according to&nbsp;<a href="https://www.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-11-21-23/h_2ae5a4fa82ac4a7db0fd2a21acbd1581" target="_blank" rel="noreferrer noopener">multiple</a>&nbsp;<a href="https://www.nbcnews.com/news/world/live-blog/israel-hamas-war-live-updates-rcna126110" target="_blank" rel="noreferrer noopener">reports</a>, while fighting will pause for four days—marking the first major agreement between the two sides since Hamas’ Oct. 7 attack.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>News of the deal broke Tuesday night after Israel’s cabinet accepted the highly anticipated agreement.</p>



<p>The four-day pause in fighting will be the first pause longer than&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2023/11/09/israel-agrees-to-4-hour-daily-pauses-in-fighting/?sh=2359b2cb7028">four hours</a>&nbsp;that Israel has agreed to since the fighting escalated in early October.</p>



<p>Israel will let 300 aid trucks a day cross from Egypt into Gaza as part of the deal, according to&nbsp;<a href="https://www.axios.com/2023/11/21/israel-hamas-hostage-ceasefire-deal-imminent" target="_blank" rel="noreferrer noopener">Axios</a>.</p>



<p>Israel did not state whether the deal will involve the release of Palestinian prisoners, but&nbsp;<a href="https://www.nbcnews.com/news/world/live-blog/israel-hamas-war-live-updates-rcna126110" target="_blank" rel="noreferrer noopener">NBC News</a>&nbsp;reported some 150 Palestinians held by Israel could be released under the agreement.</p>



<p>Because the deal was approved Tuesday, the hostages may not be released until Thursday to allow a 24-hour judicial review period, the&nbsp;<a href="https://www.nytimes.com/live/2023/11/21/world/israel-hamas-gaza-war-news" target="_blank" rel="noreferrer noopener">New York Times reported</a>&nbsp;Tuesday, before the deal was announced.</p>



<p>Prime Minister Benjamin Netanyahu’s office hinted at the deal Tuesday,&nbsp;<a href="https://twitter.com/IsraeliPM_heb/status/1726956351681953872" target="_blank" rel="noreferrer noopener">announcing</a>&nbsp;Israel’s war cabinet, security cabinet and government would all have meetings Tuesday night “in light of the developments on the issue of freeing the hostages.”</p>



<p>At the start of one of Tuesday night’s meetings, Netanyahu said he asked President Joe Biden to help improve the hostage deal to “include more hostages for a lower cost,”&nbsp;<a href="https://twitter.com/BarakRavid/status/1727058670025068637" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to an Axios reporter.</p>



<p>Qatar and the U.S. have both helped in negotiations between Hamas and Israel, working for weeks to help arrange a hostage release and potential break in fighting,&nbsp;<a href="https://www.cnn.com/2023/11/21/world/israel-hamas-hostages/index.html" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to CNN.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



<p>Israel suggested a pause in fighting could continue beyond four days, saying in a statement, “The release of every additional ten hostages will result in one additional day in the pause,” according to the&nbsp;<a href="https://www.theguardian.com/world/live/2023/nov/21/israel-hamas-war-live-updates-hamas-leader-haniyeh-truce-ceasefire-talks-gaza-qatar-latest-news" target="_blank" rel="noreferrer noopener">Guardian</a>.</p>



<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



<p>“The war continues, the war will continue until we achieve all of our goals: to eliminate Hamas, to return all our hostages, to ensure that the day after Hamas, Gaza will no longer be a threat to Israel,” Netanyahu said Tuesday before one of the meetings to approve the deal, CNN&nbsp;<a href="https://www.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-11-21-23#h_9558fc152576df835f09a9ba305283de" target="_blank" rel="noreferrer noopener">reported</a>.</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>More than 240. That’s how many hostages have been held by Hamas since Oct. 7. Over the last six weeks of fighting, Hamas has released just four hostages back to Israel—including a mother and daughter and&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2023/10/23/two-more-hostages-released-by-hamas-reports-say/">two elderly</a>&nbsp;Israeli women—and Israel&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2023/10/30/israel-says-forces-free-soldier-taken-hostage-by-hamas-as-gaza-ground-invasion-continues/?sh=6672480c4ddf">freed one hostage</a>&nbsp;during a ground operation. According to the Israeli Defence Forces, at least two hostages held by Hamas, 65-year-old Yehudit Weiss and 19-year-old soldier&nbsp;<a href="https://www.bbc.com/news/world-middle-east-67414353" target="_blank" rel="noreferrer noopener">Noa Marciano</a>, have been&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/11/16/idf-says-israeli-hostage-found-dead-outside-gazas-al-shifa-hospital/?sh=77921f022526">found dead</a>. Weiss was discovered last week near Al-Shifa hospital, which has been a major battleground over the last week. Hamas claimed Marciano died in an Israeli airstrike on Nov. 9,&nbsp;<a href="https://www.bbc.com/news/world-middle-east-67414353" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to the BBC.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Getting hostages returned who were taken in the Oct. 7 Hamas attack on Israel has been a priority of Israel and the U.S. Of the approximately 240, it’s estimated that about 10 hostages are Americans, <a href="https://abcnews.go.com/International/biden-believes-deal-close-free-hostages-gaza/story?id=105040105#:~:text=The%20administration%20said%20that%2010,to%20be%20among%20the%20hostages." target="_blank" rel="noreferrer noopener">according</a> to ABC News, including a 3-year-old toddler who is believed to be the youngest American held. Over the weekend, U.S. officials said negotiations between Israel, Hamas and the U.S. were “closer than (they had) been perhaps at any point,” and leaders from <a href="https://www.reuters.com/world/middle-east/white-house-says-israel-hamas-hostage-deal-closer-than-before-2023-11-21/" target="_blank" rel="noreferrer noopener">Hamas</a> and <a href="https://twitter.com/MofaQatar_EN/status/1726960818233765975" target="_blank" rel="noreferrer noopener">Qatar</a> both made similar claims Tuesday. Israel has also faced increasing calls from international leaders for a cease-fire as the death toll in Gaza has continued drastically rising. Netanyahu and other Israeli leaders had previously signified they were open to a multi-day pause, <a href="https://www.washingtonpost.com/world/2023/11/21/israel-hamas-war-gaza-news-palestine/" target="_blank" rel="noreferrer noopener">according</a> to the Washington Post, but continued to say they wouldn’t agree to a cease-fire unless all hostages were released. As of Tuesday, the Hamas-run Health Ministry <a href="https://www.nbcnews.com/news/world/live-blog/israel-hamas-war-live-updates-rcna126110" target="_blank" rel="noreferrer noopener">estimated</a> more than 13,000 people have died since the conflict began. In Israel, an <a href="https://www.nytimes.com/2023/11/12/world/middleeast/israel-death-toll-hamas-attack.html#:~:text=Israel%20revised%20its%20official%20estimated,Ministry%20said%20on%20Friday%20night." target="_blank" rel="noreferrer noopener">estimated</a> 1,200 have died—the majority of whom were killed in the initial Hamas attack last month.<a href="https://www.forbes.com/sites/mollybohannon/"></a></p>


Israel Declares War Following Large-Scale Hamas Attacks

Israel And Hamas Reach Hostage Release Deal In Exchange For 4-Day Pause In Fighting


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>The Geminids meteor shower—which <a href="https://science.nasa.gov/solar-system/meteors-meteorites/geminids/" target="_blank" rel="noreferrer noopener">NASA calls</a> one of the “best and most reliable” yearly meteor showers—returned on Sunday and is slated to run through December 24, with a peak in three weeks, though no equipment is required to see it.</p>



<h2 class="wp-block-heading">KEY FACTS</h2>



<p>The shower peaks between December 13 and December 14, but it may still be visible beforehand with the proper observing conditions, NASA&nbsp;<a href="https://science.nasa.gov/solar-system/meteors-meteorites/geminids/" target="_blank" rel="noreferrer noopener">reports</a>.</p>



<p>The shower is best viewed during the night before dawn, and because it usually starts earlier than other showers, between 9 p.m. and 10 p.m., it’s considered one of the best for young viewers, according to NASA.</p>



<p>A dark, open sky away from city or street lights is ideal, and the best viewing position is laying flat on the back with feet facing the south—binoculars and telescopes typically aren’t needed.</p>



<p>Though it will be visible everywhere in the night sky, from Earth’s perspective, the Geminids meteor shower appears to originate from the direction of the Gemini constellation, which is northeast of the Orion constellation,&nbsp;<a href="https://www.space.com/34921-geminid-meteor-shower-guide.html" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to Space.</p>



<p>The Geminids meteor shower is fast, very bright, and mainly made up of white meteors, though there are some yellow, green, blue, and red ones,&nbsp;<a href="https://www.rmg.co.uk/stories/topics/geminid-meteor-shower-uk-dates-how-to-see" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to the Royal Museums Greenwich.</p>



<h2 class="wp-block-heading">BIG NUMBER</h2>



<p>120. That’s how many meteors can be seen per hour during the shower’s peak season,&nbsp;<a href="https://science.nasa.gov/solar-system/meteors-meteorites/geminids/" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to NASA. This makes the Geminids stream one of the “strongest” annual showers. In comparison, the&nbsp;<a href="https://science.nasa.gov/solar-system/meteors-meteorites/leonids/" target="_blank" rel="noreferrer noopener">Leonids</a>&nbsp;shower—which peaked last weekend—has about 15 meteors per hour, the&nbsp;<a href="https://science.nasa.gov/solar-system/meteors-meteorites/orionids/" target="_blank" rel="noreferrer noopener">Orionids</a>&nbsp;shower has 23 and the&nbsp;<a href="https://science.nasa.gov/solar-system/meteors-meteorites/perseids/" target="_blank" rel="noreferrer noopener">Perseids</a>&nbsp;shower peaks at around 100 meteors per hour.</p>



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<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>The Geminids meteor shower was&nbsp;<a href="https://science.nasa.gov/solar-system/meteors-meteorites/geminids/%5C" target="_blank" rel="noreferrer noopener">first discovered</a>&nbsp;in the 1800s, and the first showers only displayed between 10 and 20 meteors per hour. The Geminids stream has since grown into one of the “most intense” meteor showers, and is unique because it’s one of the only showers to originate from an asteroid, according to a June&nbsp;<a href="https://iopscience.iop.org/article/10.3847/PSJ/acd538" target="_blank" rel="noreferrer noopener">paper</a>&nbsp;published in the&nbsp;<em>Planetary Science Journal</em>. Most meteor showers are made of comet debris, but the Geminids stream originates from the asteroid&nbsp;<a href="https://www.nasa.gov/solar-system/asteroids-comet-like-tail-is-not-made-of-dust-solar-observatories-reveal/" target="_blank" rel="noreferrer noopener">3200 Phaethon</a>. Because comets are made of ice, when they travel close to the Sun, they melt and release a trail of ice and dust that eventually turns into a meteor shower. However, because asteroids are made of metal and rocks and aren’t affected by the Sun’s heat, many scientists are confused how 3200 Phaethon formed a meteor shower. The most likely answer is the asteroid violently collided with another object, causing the trail of debris that makes up the Geminids stream, according to the&nbsp;<em>Planetary Science Journal</em>&nbsp;study.</p>



<h2 class="wp-block-heading">TANGENT</h2>



<p>This year, the Geminids stream’s peak coincides with the new moon, which falls on December 12,&nbsp;<a href="https://www.amsmeteors.org/meteor-showers/meteor-shower-calendar/#Geminids" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to the American Meteor Society. The moon will be 1% full around this time, making the night’s sky dark and creating an ideal viewing environment for the meteor shower.</p>



<h2 class="wp-block-heading">FURTHER READING</h2>



<p><a href="https://www.space.com/34921-geminid-meteor-shower-guide.html" target="_blank" rel="noreferrer noopener">Geminid meteor shower 2023: When, where &amp; how to see it</a>&nbsp;(Space)</p>



<p><a href="https://www.forbes.com/sites/britneynguyen/2023/11/17/leonid-meteor-shower-peaks-tonight-heres-how-to-watch/?sh=54baa8b0195b">Leonid Meteor Shower Peaks Tonight—Here’s How To Watch</a>&nbsp;(Forbes)</p>


Geminid Meteor Shower In China

How To Watch Geminids Meteor Shower: One Of This Year’s ‘Most Intense’ Showers Has Returned


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>X Corporation will file a “thermonuclear” lawsuit against a media watchdog that claimed advertisements for several companies—including Apple and Disney, among others—appeared by antisemitic posts on X, Elon Musk said Saturday, following decisions from several major companies to pause ads on Musk’s social media platform.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>Musk&nbsp;<a href="https://twitter.com/elonmusk/status/1725771191644758037?s=46&amp;t=vx29-32gzBE_H5suNoiKjQ" target="_blank" rel="noreferrer noopener">said</a>&nbsp;a lawsuit will be filed Monday the “split second court opens” against Media Matters for America, a left-wing watchdog, after Musk suggested Media Matters “posted a story that completely misrepresented the real experience on X.”</p>



<p>Media Matters used an alternate account to curate posts and advertising that appeared on the account’s timeline, Musk claims, in an effort to “manipulate the public and advertisers.”</p>



<p>Once the account’s feed was “curated,” Media Matters “repeatedly refreshed” the account’s timeline to find “a rare instance of ads serving next to the content they chose to follow,” Musk alleges.</p>



<p>Media Matters&nbsp;<a href="https://www.mediamatters.org/twitter/musk-endorses-antisemitic-conspiracy-theory-x-has-been-placing-ads-apple-bravo-ibm-oracle" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;earlier this week that ads for major firms—including Apple, Bravo, IBM, Oracle and Xfinity—were appearing next to content that supported Adolf Hitler and the Nazi Party.</p>



<p>IBM said Thursday&nbsp;<a href="https://www.forbes.com/sites/mollybohannon/2023/11/16/ibm-suspends-advertising-on-x-after-ads-appear-near-pro-nazi-posts/?sh=5a48a3a66a4d">it was pulling ads</a>, while companies like&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/11/17/apple-and-disney-pull-x-ads-after-musks-promotion-of-antisemitic-post-joining-these-other-companies/?sh=418431934fb3">Apple, Disney and Lionsgate</a>&nbsp;followed suit Friday.</p>



<p>Media Matters did not immediately respond to a request for comment from Forbes.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>X, formerly known as Twitter, has also reinstated several accounts for far-right extremists “as part of its creator ad revenue sharing program,” the watchdog claims. The report followed&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/11/16/elon-musk-condemned-after-calling-antisemitic-post-actual-truth/?sh=52519b9f4020">comments</a>&nbsp;from Musk, who endorsed another user’s claims that Jewish communities objecting to antisemitism show “hatred against whites,” which Musk said was the “actual truth.” The user also appeared to endorse a conspiracy theory that was&nbsp;<a href="https://www.theatlantic.com/ideas/archive/2023/11/elon-musks-disturbing-truth/676019/" target="_blank" rel="noreferrer noopener">shared</a>&nbsp;by Robert Bowers, who killed 11 people at Pittsburgh’s Tree of Life synagogue in 2018, the&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/07/13/pittsburgh-synagogue-shooting-jury-finds-gunman-eligible-for-death-penalty/?sh=766a0c161afe">deadliest</a>&nbsp;attack on Jewish people in U.S. history. Musk was widely&nbsp;<a href="https://www.forbes.com/sites/tylerroush/2023/11/16/elon-musk-condemned-after-calling-antisemitic-post-actual-truth/?sh=52519b9f4020">condemned</a>&nbsp;for his comments,&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/11/17/white-house-condemns-musk-over-abhorrent-promotion-of-antisemitic-and-racist-hate/?sh=2e363a011ea5">including</a>&nbsp;in a statement from the White House that said Musk’s post was an “abhorrent promotion of antisemitic and racist hate.”</p>



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



<p>Musk earlier this week also&nbsp;<a href="https://twitter.com/elonmusk/status/1724934935943979269?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1724934935943979269%7Ctwgr%5E9f715cc15d83469cd22b35d1b6fda5bdde5015a6%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-11-16%2Felon-musk-calls-anti-semitic-post-on-x-the-actual-truth" target="_blank" rel="noreferrer noopener">criticized</a>&nbsp;the Anti-Defamation League, the Jewish civil rights group that Musk claims “unjustly attacks the majority of the West, despite the majority of the West supporting the Jewish people and Israel.” Musk accused the group of pushing “de facto anti-white racism.” Musk previously blamed the ADL for X’s 60% decline in ad revenue, claiming the organization had been urging advertisers to pull out of the platform.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/tylerroush/2023/11/16/elon-musk-condemned-after-calling-antisemitic-post-actual-truth/?sh=52519b9f4020">Elon Musk Condemned After Calling Antisemitic Post ‘Actual Truth’</a>&nbsp;(<em>Forbes</em>)</p>



<p><a href="https://www.forbes.com/sites/brianbushard/2023/11/17/apple-and-disney-pull-x-ads-after-musks-promotion-of-antisemitic-post-joining-these-other-companies/?sh=1c723e1a34fb">Apple And Disney Pull X Ads After Musk’s Promotion Of Antisemitic Post — Joining These Other Companies</a>&nbsp;(<em>Forbes</em>)</p>



<p><a href="https://www.forbes.com/sites/brianbushard/2023/11/17/white-house-condemns-musk-over-abhorrent-promotion-of-antisemitic-and-racist-hate/?sh=2e363a011ea5">White House Condemns Musk Over ‘Abhorrent Promotion Of Antisemitic And Racist Hate’</a>&nbsp;(<em>Forbes</em>)</p>


Tesla Officially Opens Gruenheide Gigafactory

Elon Musk Threatens ‘Thermonuclear’ Lawsuit Against Group Reporting Antisemitic X Posts Appearing Near Ads


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>OpenAI—the company behind ChatGPT—is exploring ways for its popular generative artificial intelligence platform to be used in schools, according to <a href="https://www.reuters.com/technology/openai-explores-how-get-chatgpt-into-classrooms-2023-11-16/" target="_blank" rel="noreferrer noopener">Reuters</a>, marking a new undertaking for the company that’s been criticized by some educators for enabling cheating.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>Brad Lightcap, chief operating officer for OpenAI, said at a San Francisco conference last week that the company will likely create a team next year that will solely look into ways artificial intelligence can be used in education, Reuters reported.</p>



<p>Lightcap said at the conference that “most teachers are trying to figure out ways to incorporate (ChatGPT)” into how they teach, and that OpenAI is “trying to help them think through the problem.”</p>



<p>Artificial intelligence—and ChatGPT, specifically—have been criticized in the past for making it easier for students to cheat, even being&nbsp;<a href="https://www.forbes.com/sites/ariannajohnson/2023/01/18/chatgpt-in-schools-heres-where-its-banned-and-how-it-could-potentially-help-students/?sh=ffd34456e2c6">banned</a>&nbsp;by some schools and districts earlier this year.</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>85%. That’s how many students—out of those who were able to compare human tutoring to using AI—said ChatGPT was more effective than working with a real person,&nbsp;<a href="https://www.govtech.com/education/k-12/is-chatgpt-better-than-a-human-tutor-survey-says-yes" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to Government Technology.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>ChatGPT was released mid-school year last November, and districts nationwide almost immediately began banning the generative AI platform out of cheating concerns. Students are able to use generative AI platforms to write essays and complete homework, though it wasn’t hard to catch, <a href="https://www.nytimes.com/2023/06/30/technology/ai-chatbot-study-aid.html" target="_blank" rel="noreferrer noopener">according</a> to the New York Times, because of AI being in early stages and still “hallucinating,” or making things up. On Dec. 12, 2022, the nation’s second-largest district, Los Angeles Unified School District, became one of the first to block the site to “protect academic honesty,” though at the start of a new school year it introduced its own education-specific AI bot called “Ed” in about 100 schools, Politico <a href="https://www.politico.com/news/2023/08/23/chatgpt-ai-chatbots-in-classrooms-00111662" target="_blank" rel="noreferrer noopener">reported</a>. Other districts that banned it or limited access to the site <a href="https://www.forbes.com/sites/ariannajohnson/2023/01/18/chatgpt-in-schools-heres-where-its-banned-and-how-it-could-potentially-help-students/?sh=ffd34456e2c6">included</a> New York City Public Schools and schools in Montgomery County, Alabama. Since the release of ChatGPT, though, OpenAI has worked to show its value in education. In the fall, OpenAI and nonprofit Khan Academy <a href="https://openai.com/customer-stories/khan-academy" target="_blank" rel="noreferrer noopener">announced</a> a partnership to create an “AI-powered assistant” available to Khan students that works as “both a virtual tutor for students and a classroom assistant for teachers.”</p>


In this photo illustration, the ChatGPT (OpenAI) logo is

OpenAI Exploring ChatGPT’s Potential In Classrooms—Despite Critics Saying AI Promotes Cheating, Report Says


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>The Federal Aviation Administration on Wednesday <a href="https://www.faa.gov/space/stakeholder_engagement/spacex_starship" target="_blank" rel="noreferrer noopener">granted a license</a> to billionaire Elon Musk’s SpaceX for its highly anticipated second launch of its Starship rocket, clearing the way for a test flight as soon as this week, after more than six months being grounded since its previous launch ended in a <a href="https://www.forbes.com/sites/anafaguy/2023/04/20/spacex-starship-explodes-after-launch/?sh=670a7bb36645">fiery explosion</a>.\</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>SpaceX’s Starship, an ambitious program intended to eventually take passengers to the moon and Mars, has met “all safety, environmental, policy and financial responsibility requirements,” the FAA determined.</p>



<p>The FAA’s approval gives SpaceX the go-ahead for a second launch at its Boca Chica launch site in Cameron County, Texas, south of Corpus Christi.</p>



<p>In a post on X, formerly known as Twitter, SpaceX said it plans to conduct the launch between 7 a.m. and 9 a.m. local time on Friday.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>In April, a SpaceX rocket that had been scheduled to travel 150 miles into Earth’s atmosphere suddenly exploded several minutes after take-off, which SpaceX called a “rapid unscheduled disassembly before stage separation.” SpaceX initially planned its next test launch “in a few months,” Musk—who also owns X and Tesla—said in a&nbsp;<a href="https://twitter.com/elonmusk/status/1649050306943266819" target="_blank" rel="noreferrer noopener">post</a>&nbsp;on his social media platform. SpaceX also&nbsp;<a href="https://twitter.com/SpaceX/status/1649045802332073986" target="_blank" rel="noreferrer noopener">said</a>&nbsp;April’s test, despite its explosion, “will help us improve Starship’s reliability.” The FAA was later sued by a group of environmental and cultural heritage organizations, who alleged the agency erred in its approval of the test launch and that its approval violated federal environmental law.&nbsp;<a href="https://www.forbes.com/sites/brianbushard/2023/05/01/faa-sued-over-spacex-starship-explosion/?sh=39c6f88679de">Plaintiffs argued</a>&nbsp;the FAA failed to conduct a full environmental review and did not require SpaceX to mitigate potential environmental harm.</p>



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



<p>NASA partnered with SpaceX in April 2021 to develop a landing system to take astronauts to the moon for the space agency’s Artemis III mission, another program aimed at bringing astronauts back to the moon for the first time in more than 50 years.</p>



<h2 class="wp-block-heading" id="h-surprising-fact">SURPRISING FACT</h2>



<p>At 400 feet tall, the Starship rocket is the&nbsp;<a href="https://www.space.com/elon-musk-shows-off-starship-sn20-super-heavy-stack-february-2022" target="_blank" rel="noreferrer noopener">tallest and most powerful</a>&nbsp;rocket ever built.</p>



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<p>By signing up, you accept and agree to our&nbsp;<a href="https://www.forbes.com/terms-and-conditions" target="_blank" rel="noreferrer noopener">Terms of Service</a>&nbsp;(including the class action waiver and arbitration provisions), and you acknowledge our&nbsp;<a href="https://www.forbes.com/privacy" target="_blank" rel="noreferrer noopener">Privacy Statement</a>.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/anafaguy/2023/04/20/spacex-starship-explodes-after-launch/?sh=670a7bb36645">SpaceX Starship Explodes After Launch</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/jamiecartereurope/2023/04/08/elon-musks-spacex-is-about-to-launch-starship-into-orbit-around-earth/?sh=4dc7196b1ce1">Elon Musk’s SpaceX Is About To Launch ‘Starship’ Into Orbit Around Earth</a>&nbsp;(Forbes)</p>


A SpaceX Falcon 9 rocket launches the third pair of O3b

SpaceX Cleared For Second Starship Test Flight—After First Exploded


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Israeli forces raided the Al-Shifa Hospital complex in Gaza—the enclave’s largest medical facility—early Wednesday, in what they described as a “precise and targeted operation” against Hamas, a day after UN officials raised alarm about the deteriorating conditions at the hospital.</p>



<h2 class="wp-block-heading">KEY FACTS</h2>



<p>The Israeli Defense Forces&nbsp;<a href="https://twitter.com/IDF/status/1724579353193754958" target="_blank" rel="noreferrer noopener">called</a>&nbsp;the raid an “operational necessity” and said it is taking place “in a specified area” of the hospital based on intelligence.</p>



<p>The IDF said its raiding forces include medical teams and Arabic speakers and wants to ensure that “no harm is caused to the civilians being used by Hamas as human shields.”</p>



<p>The IDF also claims its raid on the hospital complex comes after a 12-hour warning to stop all military activities from the site was not heeded.</p>



<p>Thousands of civilians, patients, and doctors are believed to be sheltering at the hospital, which has been without power since the weekend, prompting a warning from the United Nations’ Humanitarian Affairs Office (OCHA) that several patients, including at least 36 babies, are facing a “heightened risk of death.”</p>



<p>The IDF said it has facilitated “wide-scale evacuations of the hospital,” however these claims have faced some&nbsp;<a href="https://apnews.com/article/israel-hamas-war-news-11-12-2023-20f5dcd135b7eb34238a7b25ce560d0c" target="_blank" rel="noreferrer noopener">pushback</a>&nbsp;from health officials and people trapped inside the hospital, with Gaza’s Hamas-run health ministry accusing Israel of effectively blockading the complex.</p>



<h2 class="wp-block-heading">NEWS PEG</h2>



<p>Israel has accused Hamas of operating a command post inside tunnel complexes underneath Al-Shifa and said it was using the hospital’s patients and doctors as human shields. Both Hamas and hospital authorities have denied these allegations. On Tuesday, White House National Security Spokesperson John Kirby <a href="https://www.reuters.com/world/middle-east/white-house-says-it-has-evidence-hamas-using-al-shifa-hospital-run-military-2023-11-14/#:~:text=%22We%20have%20information%20that%20confirms,reporters%20aboard%20Air%20Force%20One." target="_blank" rel="noreferrer noopener">told reporters</a> that U.S. officials had intelligence that aligned with Israel’s claims about Hamas using the hospital. Following the Israeli raid, Hamas issued a statement saying it holds Israel and President Joe Biden “fully responsible” for the operation. Hamas added that it viewed Kirby’s statement as a “green light” for Israeli forces to “commit more massacres against civilians.”</p>



<h2 class="wp-block-heading">CRUCIAL QUOTE</h2>



<p>While describing Hamas’ actions as a war crime, Kirby said: “To be clear, we do not support striking a hospital from the air. We do not want to see a firefight in a hospital where innocent people, helpless people, sick people are simply trying to get the medical care they deserve. We have been clear on multiple occasions &#8211; Hamas&#8217; actions do not lessen Israel&#8217;s responsibilities to protect civilians in Gaza.”</p>



<h2 class="wp-block-heading">KEY BACKGROUND</h2>



<p>On Monday evening, a World Health Organization official&nbsp;<a href="https://www.bbc.com/news/world-middle-east-67410093" target="_blank" rel="noreferrer noopener">described</a>&nbsp;Al-Shifa Hospital as “nearly a cemetery” on Monday and said dead bodies piling up inside the hospital. On Tuesday, Gaza’s Hamas-run health ministry&nbsp;<a href="https://reliefweb.int/report/occupied-palestinian-territory/hostilities-gaza-strip-and-israel-flash-update-39" target="_blank" rel="noreferrer noopener">claimed</a>&nbsp;40 patients died inside Al-Shifa on Tuesday and the hospital’s staff were trying to bury nearly 180 bodies in a mass grave inside the hospital complex. Doctors at the hospital have&nbsp;<a href="https://edition.cnn.com/2023/11/13/middleeast/gaza-babies-incubators-al-shifa-hospital-israel-intl-hnk/index.html" target="_blank" rel="noreferrer noopener">warned</a>&nbsp;that the lives of dozens of premature babies were at risk as they had to be moved out of their incubators after the hospital lost power. The IDF has&nbsp;<a href="https://twitter.com/IDF/status/1724315771340214353" target="_blank" rel="noreferrer noopener">offered</a>&nbsp;to send additional incubators to the hospital but it is unclear how they would be used without power.</p>



<h2 class="wp-block-heading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/siladityaray/2023/11/14/who-says-gazas-largest-hospital-is-nearly-a-cemetery-as-israel-offers-to-send-incubators/?sh=4140dc985337">WHO Says Gaza’s Largest Hospital Is ‘Nearly A Cemetery’ As Israel Offers To Send Incubators</a>&nbsp;(Forbes)</p>



<p><a href="https://www.forbes.com/sites/siladityaray/2023/11/13/world-cannot-stand-silent-who-says-gazas-largest-hospital-has-ceased-functioning/?sh=59de8f1324bb">‘World Cannot Stand Silent’—WHO Says Gaza’s Largest Hospital Has Ceased Functioning</a>&nbsp;(Forbes)</p>


Palestinians taking shelter around Nasser Hospital live under difficult conditions in Gaza

Israeli Says Its Forces Have Entered Gaza’s Largest Hospital


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Pfizer shares tumbled again Monday, continuing the pharmaceutical giant’s struggles tied to declining demand for its Covid-19 products<strong>&nbsp;</strong>and essentially wiping out the entirety of the firm’s peak pandemic gains.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>Pfizer stock slipped 1.6% to $28.96, closing at its lowest share price since March 26, 2020.</p>



<p>After notching record overall revenue and profits in 2022, Pfizer’s luck has run out so far in 2023, reporting a 42% decline through the year’s first nine months and reporting its first quarterly loss since 2019 in its October 31 earnings report.</p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>$170 billion. That’s how much market capitalization Pfizer has lost since December 2021.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Including dividends, Pfizer has posted a -40% return on investment this year, the 15th-steepest loss of any S&amp;P 500 company. Other pharmaceutical stocks which soared during early development and adoption of Covid treatments have also flailed, including Moderna (down about 80% from its 2021 peak), BioNTech (down about 70% from 2021 peak) and Johnson &amp; Johnson (down nearly 20% from 2021 high). Pfizer’s recent plunge came after the company&nbsp;<a href="https://www.forbes.com/sites/roberthart/2023/10/16/vaccine-stocks-including-pfizer-moderna-biontech-and-novavax-slide-amid-plummeting-demand/?sh=5cda962f7099">slashed</a>&nbsp;sales guidance for October 16, with sales for its vaccine down 70% year-over-year and Paxlovid revenues down 95%. Pfizer “finally threw in the towel on the potential for reinvigorated” demand for its two primary Covid products, UBS analyst Colin Bristow wrote in a note to clients last month.</p>



<h2 class="wp-block-heading" id="h-contra">CONTRA</h2>



<p>It’s not all doom and gloom for pharmaceutical stocks, though the balance of power has shifted. Drug makers Eli Lilly and Novo Nordisk have both climbed more than 70% over the last 12 months as their respective weight loss medications surge in popularity, and the two are now the most valuable pharmaceutical companies in the world by market cap. Pfizer, which was more valuable than both Eli Lilly and Novo Nordisk at the end of 2021, is now worth less than half of each firm.</p>


Vaccinations at Egoli Township as Omicron Cases Spread

Pfizer Stock Hits 3-Year Low—Down 50% From 2021 Peak


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>The war between Israel and Hamas has continued for more than a month, laying waste to the Gaza Strip, killing thousands and displacing many more in the region as the conflict appears likely to continue for some time.</p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p><strong>1.5 million:&nbsp;</strong>That’s how many people in Gaza have been internally displaced, according to the&nbsp;<a href="https://www.unocha.org/publications/report/occupied-palestinian-territory/hostilities-gaza-strip-and-israel-flash-update-32#:~:text=Displacement%20(Gaza%20Strip),the%20remainder%20with%20host%20families." target="_blank" rel="noreferrer noopener">United Nations</a>, which reported 557,000 people are sheltering in facilities unable to bring in new arrivals, prompting concerns of overcrowding.</p>



<p><strong>More than 11,000:</strong>&nbsp;The number of people&nbsp;<a href="https://www.reuters.com/world/middle-east/gaza-officials-say-hospitals-come-under-new-israeli-attacks-2023-11-10/" target="_blank" rel="noreferrer noopener">killed</a>&nbsp;in Gaza during the conflict, according to Reuters.</p>



<p><strong>Around 1,200:</strong>&nbsp;The&nbsp;<a href="https://www.reuters.com/world/middle-east/israel-revises-death-toll-oct-7-hamas-attack-around-1200-2023-11-10/#:~:text=JERUSALEM%2C%20Nov%2010%20(Reuters),previous%20government%20estimate%20of%201%2C400." target="_blank" rel="noreferrer noopener">revised death toll</a>&nbsp;of the Oct. 7 Hamas attack in southern Israel, Reuters reported, which cited a spokesperson for Israel&#8217;s foreign ministry.</p>



<p><strong>More than 400:</strong>&nbsp;The number of U.S. citizens and residents who have left the Gaza Strip, according to&nbsp;<a href="https://www.reuters.com/world/middle-east/more-than-400-us-citizens-residents-have-left-gaza-spokesperson-2023-11-07/#:~:text=More%20than%20400%20US%20citizens,Reuters" target="_blank" rel="noreferrer noopener">Reuters</a>, citing the State Department, which noted some U.S. citizens still remain in the war-torn region this week.</p>



<p><strong>About 240:&nbsp;</strong>That’s how many hostages Israeli officials believe Hamas and other groups are holding, according to the&nbsp;<a href="https://www.nytimes.com/article/israel-hostages-hamas-explained.html" target="_blank" rel="noreferrer noopener">New York Times</a>, a matter that has become the<a href="https://www.politico.eu/article/israel-hamas-hostage-deal-critical-juncture-gaza/" target="_blank" rel="noreferrer noopener">&nbsp;crux of negotiations</a>&nbsp;between Israel and Hamas.</p>



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<p><strong>756:&nbsp;</strong>The total count of humanitarian aid trucks that have crossed into Gaza from Egypt since such trucks were first allowed to do so on Oct. 21, the&nbsp;<a href="https://www.wsj.com/livecoverage/israel-hamas-war-gaza-strip-2023-11-08/card/more-than-100-aid-trucks-reach-gaza-in-largest-single-day-convoy-YsfsqJaxyKLQifBui5sg" target="_blank" rel="noreferrer noopener">Wall Street Journal</a>&nbsp;reported, citing Egyptian officials and the Palestinian Red Crescent Society, which said none of the trucks contained fuel.</p>



<p><strong>18:</strong>&nbsp;World Health Organization Director-General Tedros Adhanom Ghebreyesus indicated in an emergency meeting that this was the share of Gaza’s 36 hospitals that were not operating in the region (home to about&nbsp;<a href="https://www.unrwa.org/where-we-work/gaza-strip" target="_blank" rel="noreferrer noopener">2.1 million people</a>), according to&nbsp;<a href="https://www.nbcnews.com/news/world/live-blog/israel-hamas-war-live-updates-rcna124563/rcrd25458?canonicalCard=true" target="_blank" rel="noreferrer noopener">NBC News</a>, adding facilities are operating beyond capacities and that two-thirds of Gaza’s primary health care centers are not functioning.</p>



<h2 class="wp-block-heading" id="h-what-to-watch-for">WHAT TO WATCH FOR</h2>



<p>Israel agreed Thursday to put four-hour daily humanitarian pauses in place for its military operations in Gaza each day, according to the White House. The pauses have helped hostage talks, according to&nbsp;<a href="https://www.politico.eu/article/israel-hamas-hostage-deal-critical-juncture-gaza/" target="_blank" rel="noreferrer noopener">Politico</a>, as Israeli Prime Minister Benjamin Netanyahu has&nbsp;<a href="https://www.cnn.com/2023/11/09/politics/israel-pauses-gaza-white-house/index.html" target="_blank" rel="noreferrer noopener">insisted</a>&nbsp;that “no cease-fire” would be achieved without the release of Hamas-held hostages. Politico reported any hostage agreement is likely to be interim and limited in scope.</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>The Israel-Hamas conflict has gone on for more than a month now, after Israel declared war following Hamas’ invasion of southern Israel on Oct. 7. The U.S. has stood firm in its support of Israel, a longtime ally. President Joe Biden asked Netanyahu during a Monday call for a three-day pause to allow for hostage negotiations, the&nbsp;<a href="https://apnews.com/article/israel-gaza-humanitarian-pauses-b8fc613ffd8b9351c0dc37b90b6e10dd" target="_blank" rel="noreferrer noopener">Associated Press</a>&nbsp;reported, adding that the president said it took “a little longer” than he hoped for Israel to agree to the current hours-long humanitarian pauses. Despite pushing for humanitarian aid, the White House has been careful to not call for a definitive cease-fire, citing&nbsp;<a href="https://www.state.gov/secretary-antony-j-blinken-at-a-press-availability-41/" target="_blank" rel="noreferrer noopener">concerns</a>&nbsp;it would allow Hamas to recover and re-tool. Biden has also publicly doubted the death toll coming out of Gaza, saying late last month he had &#8220;no confidence in the number that the Palestinians are using,” according to&nbsp;<a href="https://www.reuters.com/world/middle-east/despite-bidens-doubts-humanitarian-agencies-consider-gaza-toll-reliable-2023-10-27/" target="_blank" rel="noreferrer noopener">Reuters</a>. Calls for a cease-fire have been supported by a majority of the&nbsp;<a href="https://www.aljazeera.com/news/2023/10/27/united-nations-votes-overwhelmingly-in-favour-of-humanitarian-truce-in-gaza" target="_blank" rel="noreferrer noopener">United Nations</a>&nbsp;in addition to tens of thousands of Americans who have participated in&nbsp;<a href="https://www.forbes.com/sites/antoniopequenoiv/2023/11/04/thousands-descend-on-washington-for-gaza-cease-fire-rally-photos/?sh=6a381a4a1df7">cease-fire rallies</a>&nbsp;in recent weeks.</p>



<h2 class="wp-block-heading" id="h-further-reading">FURTHER READING</h2>



<p><a href="https://www.forbes.com/sites/antoniopequenoiv/2023/10/14/israel-hamas-conflict-the-grim-statistics-after-a-week-of-war/?sh=3d27aea84407">Israel-Hamas Conflict: The Grim Statistics After A Week Of War</a>&nbsp;(Forbes)</p>



<p><a href="https://www.reuters.com/world/middle-east/israel-revises-death-toll-oct-7-hamas-attack-around-1200-2023-11-10/#:~:text=JERUSALEM%2C%20Nov%2010%20(Reuters),previous%20government%20estimate%20of%201%2C400." target="_blank" rel="noreferrer noopener">Israel revises Hamas attack death toll to &#8216;around 1,200&#8217;</a>&nbsp;(Reuters)</p>


Israel’s Response To Hamas Attack Complicated By Hostages And Concerns Over Gaza Campaign

Israel-Hamas Conflict: The Bleak Numbers After 36 Days Of Fighting


<h2 class="wp-block-heading" id="h-topline">TOPLINE</h2>



<p>Greenpeace is facing a major new legal threat in the form of a $2.1 million lawsuit from oil giant Shell,&nbsp;<a href="https://www.reuters.com/sustainability/climate-energy/shell-sues-greenpeace-21-million-after-boarding-oil-vessel-2023-11-09/" target="_blank" rel="noreferrer noopener">multiple outlets</a>&nbsp;<a href="https://www.theguardian.com/business/2023/nov/09/shell-sues-greenpeace-over-fossil-fuel-protest-in-north-sea" target="_blank" rel="noreferrer noopener">reported</a>&nbsp;Thursday, after the environmental advocacy group’s protestors occupied a floating oil platform in January in what one spokesperson called an “unlawful and extremely dangerous” stunt.</p>



<p>Greenpeace activist Yeb Saño holds aloft a flag on a rib after attempting to board a Shell oil&nbsp;&#8230; [+]<small>GETTY IMAGES</small></p>



<h2 class="wp-block-heading" id="h-key-facts">KEY FACTS</h2>



<p>U.K.-based Shell filed a claim against Greenpeace UK and Greenpeace International in London&#8217;s High Court alleging the&nbsp;<a href="https://www.theguardian.com/environment/2023/jan/31/greenpeace-protesters-board-shell-platform-bound-for-shetland" target="_blank" rel="noreferrer noopener">occupation</a>&nbsp;of a floating oil production vessel by protesters earlier this year cost the company money in shipping delays and forced it to hire extra security,&nbsp;<a href="https://www.reuters.com/sustainability/climate-energy/shell-sues-greenpeace-21-million-after-boarding-oil-vessel-2023-11-09/" target="_blank" rel="noreferrer noopener">Reuters</a>&nbsp;reported.</p>



<p>Shell has asked the court to stop any future protests on the company’s infrastructure at sea or in port, according to the&nbsp;<a href="https://www.theguardian.com/business/2023/nov/09/shell-sues-greenpeace-over-fossil-fuel-protest-in-north-sea" target="_blank" rel="noreferrer noopener"><em>Guardian</em></a>, and threatened to file further claims on behalf of contractors that could be worth as much as $8.6 million.</p>



<p>Greenpeace has accused Shell of trying to silence any legitimate protests of its fossil fuel operations, but Shell has said the lawsuit is focused only on protests at sea and is designed partly to protect the safety of protesters.</p>



<p>A spokesperson for Shell said in an email to&nbsp;<em>Forbes</em>&nbsp;that the protest was &#8220;unlawful and extremely dangerous.&#8221;</p>



<p>In a&nbsp;<a href="https://www.greenpeace.org/international/press-release/63522/shell-hits-greenpeace-with-intimidation-lawsuit-threatening-8-6m-damages-claim-and-protest-ban-to-silence-climate-demands/" target="_blank" rel="noreferrer noopener">statement</a>&nbsp;posted to its website Thursday, Greenpeace called the lawsuit an attempt “to silence growing dissent over moves by Shell’s chief executive” and said Shell has offered to settle for $1.4 million if Greenpeace vows to never again stage a protest “at its infrastructure” at sea or in port.</p>



<p>Greenpeace said it would only comply with the request if Shell &#8220;agreed to stop wrecking the climate&#8221; and comply with a Dutch court order to reduce its emissions by 45% by 2030.</p>



<p>Greenpeace activists hold a billboard during a protest outside Shell headquarters amid the companies&nbsp;&#8230; [+]<small>CHRIS J RATCLIFFE FOR GREENPEACE VIA GETTY IMAGES</small></p>



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<h2 class="wp-block-heading" id="h-crucial-quote">CRUCIAL QUOTE</h2>



<p>“The right to protest is fundamental and we respect it absolutely. But it must be done safely and lawfully,” Shell’s statement reads. “Shell and its contractors are entitled to recover the significant costs of responding to Greenpeace’s dangerous actions.”</p>



<h2 class="wp-block-heading" id="h-key-background">KEY BACKGROUND</h2>



<p>Climate activists used ropes to hoist themselves onto a floating production storage and offloading vessel from inflatable boats they used to chase the Shell ship. The protestors boarded the vessel just north of the Canary Islands and rode it for 13 days,&nbsp;<a href="https://www.greenpeace.org/international/press-release/63522/shell-hits-greenpeace-with-intimidation-lawsuit-threatening-8-6m-damages-claim-and-protest-ban-to-silence-climate-demands/" target="_blank" rel="noreferrer noopener">according to Greenpeace</a>. No arrests were made. The vessel was bound for the not-yet-operational Penguins oil and gas field in the North Sea, and protestors were imploring the company to stop drilling for new oil and gas and &#8220;instead take responsibility for causing climate breakdown.” The Penguins platform is the first new northern North Sea project for Shell in 30 years and&nbsp;<a href="https://www.shell.com/about-us/major-projects/penguins.html" target="_blank" rel="noreferrer noopener">is expected</a>&nbsp;to yield 45,000 barrels of oil per day.</p>



<p>Greenpeace activists hang a banner on July 24, 2014 in front of a Shell gas station in Santiago,&nbsp;&#8230; [+]<small>AFP VIA GETTY IMAGES</small></p>



<h2 class="wp-block-heading" id="h-big-number">BIG NUMBER</h2>



<p>$39.9 billion. That&#8217;s how much money&nbsp;<a href="https://www.cnbc.com/2023/02/02/shell-earnings-oil-giant-reports-record-annual-profits.html#:~:text=Shell%20reported%20adjusted%20earnings%20of,2021%20profit%20of%20%2419.29%20billion." target="_blank" rel="noreferrer noopener">Shell reported in adjusted earnings&nbsp;</a>in 2022, more than double its 2021 profit of $19.29 billion.</p>



<h2 class="wp-block-heading" id="h-tangent">TANGENT</h2>



<p>This isn’t the first time Shell and Greenpeace have butted heads. The two famously faced off back in 1995 when the oil company, known at the time as Royal Dutch Shell, proposed it would get rid of its decommissioned rig called the Brent Spar <a href="https://www.greenpeace.org/international/story/47744/brent-spar-the-sea-is-not-a-dustbin/" target="_blank" rel="noreferrer noopener">by sinking it</a> in the North Atlantic Ocean. Greenpeace activists occupied the tanker for three weeks and organized a boycott of service stations worldwide while claiming the vessel Shell was trying to sink had 5,500 tons of oil on board. The estimate was vastly higher than what Shell claimed and what later proved to be true—Greenpeace ultimately issued an apology. Shell withdrew its plan to sink the Brent Spar. Greenpeace later successfully protested Shell&#8217;s <a href="https://www.greenpeace.org/international/story/7022/you-did-it-shell-abandons-arctic-drilling/" target="_blank" rel="noreferrer noopener">2006 plan</a> to drill for oil in the Arctic. Two years ago, Greenpeace was involved in a <a href="https://www.reuters.com/business/energy/shell-wins-court-case-start-seismic-surveys-offshore-south-africa-2021-12-03/" target="_blank" rel="noreferrer noopener">failed attempt</a> to stop the company from looking for oil in humpback whale breeding grounds on South Africa&#8217;s coast.</p>


Author: Forbes

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